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Double top? more like breaking it! (BTCUSD)Hello again, today i would share with you my idea on BTCUSD! As we see from the day chart of BTCUSD, they recently just broke the $9500 resistance levels. The Stoch RSI levels are still low, which means that there are still rooms for the price to increase. From the chart, we could compare it to the last time that it reached the 9700s levels. From that time, the stoch RSI levels are on top, so we could expect some corrections, but at this time, stoch RSI is still low, and in addition to that, RSI is not yet overbought. We could expect it to go up to the $10000 levels As for the fundamental part, Goldman Sachs just hired its first cryptocurrency trader, meaning, the big money (whales) are there! This is not a financial advice! Any comments or feedback are welcomed!
BITFINEX:BTCUSD
by evntdra
5
BTC Closes 4hr candle above rising wedge.Just a continuation of the previous idea I was discussing on btc. I noticed that inside the bearish pattern was a hidden bullish pattern. It still needs either one more 4hr confirmation candle to close above as well or a huge surge in bull volume to confirm the breakout(whichever comes first) but hopefully if we do validate the breaklut, it will give us the necessary bull momentum to get back above the 4hr 50MA(in orange) which is serving currently as resistance. This close above has made me return to long on this idea...although as always I will be rpepared should we get thrown back into the bear pattern and out the other side. Be vigilant, resourceful, patient, and persevering and choose your own path wisely as this is not intended to be financial advice. Good luck and thanks for reading! I will link the previous idea to this one.
BITFINEX:BTCUSDLong
by DrDovetail
BITCOIN-BULLS: Unstoppable, Unscrupulous and Unsatisfied! Dear Friends :) Wow, what a day! I promised you action, and that was indeed what I gave you! I started being unbiased, but as you you saw, I slowly became more bullish after counting all the Elliott Waves - I told you we would go to 9,000 USD, which we did, and wrote the following before hand: I want you take notice of my brown circles. As you can see, we have 2 times before just in time got that needed pump from the bulls, so it might very well happen again. It could be one more bear trap, and we would reach our Extension target. We reached 9,421 USD, which is equal to exactly the 423,6 % Extension of the 1st wave, I was talking about! Once again I will stay unbiased at this moment - but, when that is said, I think, that we will probably go down/sideways for some time. Expect to hit the yellow circle. I have a really hard time seeing us go higher RIGHT NOW. I also want you to pay attention to the Regular Bearish Divergence on the RSI, which is a reversal sign, and which we always see on the 5th Elliott Wave. I will once again give you the 2 scenarios (but expect us for now to go sideways to the yellow circle): 1. When we have reached the yellow circle, there might be once again a serious risk, that the whales will once again make a bear trap, and make a 4th spike. So please be careful especially shorting the market with leverage. This move could take us up to almost 10,000 USD. 2. We will finally get that needed ABC-correction, which will take us down to around 8,600-8,400 USD. Let me stress, We really want a clear confirmation, before you want to short the market. If you are not an experienced day trader, I would at least wait till we go below 9,000 USD before that's an option! Thank you guys - I promise to keep you updated, as always, and tell you, when I see some clear signs for a direction! Please give me a BIG LIKE - that would make me SO HAPPY :) D4 Loves You <3
BITFINEX:BTCUSD
by D4rkEnergY
281
BTC at a very pivotal crossroads.here is a zoomed out look at the possible paths btc could take right now. Either a break up out of the current bull flag which would hoist us up out of the ascending wedge pattern we are currently stuck in...or a potential break downward from the bull flag which would very likely trigger a breakdown from the ascending wedge taking us all the way down under the grey ascending trendline. Probability is pretty even for each outcome so now we wait carefully for the btc to break consolidation and make sure not to fall for any bear traps or bul traps before hand. Patience grasshoppers.
BITFINEX:BTCUSD
by DrDovetail
Bullpennant has morphed into full ascending triangle at its apexNo longer a bull pennant but instead a full on ascending triangle. It has found strong resistance at the top trendline of the triangle and needs to close above 8960 for a breakout. We have cut above the psychological resistance of 9,000 a few times now and if we can close above 9,000 and flip 9,000 from resistance to support then I belie the bull run will then only jsut be getting started...a breakout up form this ascending triangle should give us enough bull momentum to break above the current 1 day charts rising wedge we are in which is the biggest threat the bears have in the arsenal right now to halt this bull run. the 8960 resistance is a resistance we've met several times in the past if you look to the left of the chart so it will definitely be a challenging one to surpass but for now probability still favors a break upwards and thus so do I...while at the same time I am completely prepared for the exact opposite outcome. Stay vigilant, make smart stop losses and you choose your own path because this is not meant to be financial advice. Thanks for reading and good luck!
BITFINEX:BTCUSDLong
by DrDovetail
7
Current bullflag has morphed into ascending triangle bullpennantWe can see on the 4 hr chart the current bull flag has started to morph into an ascending triangle bull pennant. Probability is good it will break upward....that should trigger the cup and handle that is still in play if that cup and handle is valid....However this entire bull runs price action also appears to be trapped inside a rising wedge which are patterns that usually break downward...It is worth keeping an eye on because if somehow broke downward it's projected drop target could actually take it under the eve bottom trendline. I have marked it on this chart wth 2 blue trendlines. It was not the easiest trendlines to keep consistent so I'm hoping the wedge is invalid as I would really like to see this adam and eve bottom be validated and triggered. So hopefully the cup and handle is triggered instead and lifts us out of this potential rising wedge pattern.
BITFINEX:BTCUSDLong
by DrDovetail
6
Insecure BITCOIN-Bulls Finally Took The First Step- Awkwardness!Dear Friends! <3 Try to remember back when you were a teenager. Exactly - THAT awkward moment when you are with a girl (or a boy), and you are ready to go... And it's almost about to happen. But NOTHING is happening - something is holding back. The INSECURITY from both sides, just makes everything so awkward. She is expecting you to take the first step - you are the man, right? Awkwardness... But.. Finally you take that the fist step, and then.. It worked out well! It wasn't that hard after all, huh? So this is exactly what we have been witnessing with Bitcoin the last week. Nothing has really happened. I told you before about the zone of confluence support and resistance everywhere. We were caught in a small prison where we didn't have much space to maneuver around. The bears have been trapped again and again. First with 3 lower highs (descending triangle), then a clear head and shoulder pattern, which also predicted we would go down, and the whales just went in the other direction and liquidated the shorts. Yesterday I predicted another minor "trap". We were clearly in an ascending wedge and needed a smaller correction, but once again we saw how we immediately went in the other direction and up. AND FINALLY today - an hour ago - we are now here, were the brave bulls took the first step we all have been waiting for! They broke out from the prison and went through the strong resistance at 8,2k-8,4k, and we are now at 8,500 USD. That's the lesson. Forget about insecurity, guys! Confidence is everything! So far I still stick to my prediction from 2 days ago. We will go my yellow circle. But here it will be VERY interesting. Everything is pointing down from there, and we need some kind of retracement. But be aware of another bear trap, my friends! Whales could make another sick trap. Last but not least, as I also mentioned yesterday, there are so much uncertainty with Bitcoin at the moment, that I don't even trade it at the moment. I make a lot of money at altcoins - think about it! D4 Loves you <3 Please give me a BIG LIKE - It will make me happy - and once again, thank you for following me - I REALLY do appreciate it :)
BITFINEX:BTCUSD
by D4rkEnergY
211
RONALDO Will Now Tell You What BITCOIN Will Do - Are You Ready??Dear Beloved Friends <3 D4rkEnergY - TA's answer to football's Christiano Ronaldo will now tell you, what's going to happen with Bitcoin! Ronaldo scores goals again and again and he gets the girls he wants! D4rkEnergY does the same... The comparison is accurate! Ooh, ooh... with a TITLE like that, and a PREFACE like that, I can feel them coming.... :D It's called seduction - You know D4rkEnergY is only here to spread love and wisdom - he loves everybody - also his haters!! Ok. Are you ready for one more goal? Ronaldo will this time take a look at the 1D BTCUSD Chart. In fact, it's ONCE again a super interesting situation we are facing. We have been going sideways for 6 days after the sick spike. And it's not that surprising after all. As you can see we have super strong support from our up trendline. On the other hand we also have strong resistance from Point of Control (Volume Profile - longest node where most trades are generated in the past at the given price point). And then we also have have EMA50. So now what? The most likely scenario is that we will continue our journey up at the ascending wedge. Expect we will reach 8,650-8,840 USD before we will fall out - AND hereafter we will probably crash down to under 5,000 USD eventually. BUT - Don't worry, guys! We first need to make a double bottom, but after that, it will just be a matter of time before we will make a new All Time High and reach +20,000 USD! Ronaldo Loves You <3 As always - Remember to give a BIG LIKE! It's much appreciated - thank you in advance, my friends :)
BITFINEX:BTCUSD
by D4rkEnergY
300
MISSION IMPOSSIBLE: NEO About To Destroy BITCOIN! (NEOBTC) Hello Dear Friends <3 We have no time to waste. We are this very moment witnessing a CRAZY battle between NEO and Bitcoin. Let's take a closer look at, what is happening, and maybe we can figure out, which of the coins there will be a better holding. We are now taking a look at the 1D NEOBTC Chart. So NEO had a really nice run in December to the end of January and made some solid 1-5 Elliott Waves. After that we had an ABC-correction. A weird one. Looks like a 3-3-5 where the 5th wave of C is truncated. It had a bit more than a 61,8 % Fibonacci Retracement, which is pretty normal and healthy. NEO did hereafter kick start, what I will assume it's a new 1st EW. Look at that beautiful uptrend. But we are at this very moment at a VERY CRITICAL point for NEO. NEO is struggling and using all it's power to go through the 50 % Retracement Level AND the EMA50 AND the EMA100 just a bit higher. But NEO is doing a tremendous job so far, and are showing no signs of weakness. We are at this moment in an ascending wedge pattern, which normally predict we will go down very soon. Here are the 2 scenarios: 1. We will fall, but only a bit, what is equal to a 38,2 % retracement of the 1st wave and hereafter NEO will use that 3rd Wave to SLAM BITCOIN in the face and continue up, up and up!! 2. NEO will ONCE again surprise us and just continue further up, and will not give a fxxx about normal TA-rules and theory, and then hereafter have a smaller retracement above the EMA's. NEO seems unstoppable at the moment. Even Bitcoin, who normally fare better in a bear market with uncertainty, seems to have found a new stronger new up- and coming superstar! D4 Loves You <3 Please leave a like - it would make me happy :)
by D4rkEnergY
13
Education: The ascending wedge. BNBBTC ExampleThe ascending wedge is a pattern in price action that has an uptrend with higher lows and higher highs, however the lines that connect the lows and the highs are tightening. This usually suggests that bull strength is running out, as every rally running toward the resistance is shorter lasting and moves less in terms of price action. Ascending wedges can break to the upside as continuation, or to the downside as reversal. However they don't usually reverse the underlying, longer term trend. The standard target on a bearish entry on the break of the ascending wedge is the starting point. You can see in the BNBBTC example that the price reversed up very close to the same level that marked the start of the wedge. Sometimes the ascending wedge will break bullish, to the upside, but the chances of that are lower as the support line is rising faster - what this means is that if the price traded sideways, it would eventually break the support line and thus the bears need less strength to break that support line than what the bulls need to break resistance. In this example the ascending wedge is going with the trend, as BNBBTC is very bullish on the daily and weekly, as such the expected outcome of the ascending wedge is not a trend reversal, rather it is a retracement back down to the starting level and likely continuation to the upside in the medium term. An ascending wedge during a downtrend is much more likely to be a continuation pattern, and short term bulls that played this wedge should make their exit as soon as there is a close below the support line.
Education
by pablo.lo.rivadeneyra