BTC Could be Trouble Ahead If BitCoin Breaks this Red Support Line It could Skid all the Way Down to the Next Blue Support Line Hope Not But Sillier Things Have Happened
BIT
Classic H&S Pattern Developing - Be Careful!As referenced in my earlier post, I was afraid that the head and shoulders pattern would occur. As predicted, BTC price touched the resistance zone and is now falling back down. Be careful, traders.
CREDITBIT - We got a boost on this coin!Huge movement here, lets follow this coin closely
TARGET: 0.00009700 Good luck!
Bitcoin shot up without triggering our sell entry.Sell below 15889. Stop loss at 17446. Take profit at 12840.
Reason for the trading strategy (technically):
Price has shot up without triggering our sell entry yesterday. We now see that bitcoin is testing major resistance at 15889 (Fibonacci retracement area, horizontal overlap resistance, Fibonacci extension) and we expect to see a strong drop from this level towards 12840 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 96% where we expect a corresponding drop from.
2017 Gain :) If anyone tells this is not a bubble what is then ?This year 2017 gain like this.
15.000 OR 20.000 no matters.
This is biggest bubble of 2017.
Anyone says this not a bubble then man nothing else bubble.
Slver 2017 gain 0. Yes 0.
Nothing (btcoin) gain %2500..
This is the biggest scheme of all times maybe. For me.
Price 10.000 12.000 13.000 16.000 20.000 $$ no matters man no matters. maybe 5.000 maybe 1000 $. this nothing for me is the buble. 20.000 $ Biggest buble in my lifetime for me. I can't see anything like this in my life again.
Good Luck..
The "Great Flipping" is on! (Maybe??) BTC to flip with BCCMassive cup and handle formation with a clean break out of the handle today.
Bitcoin Cash is the superior bitcoin and "flip" places with Bitcoin as we call it today. BTC has gone from just shy of $8K down to $6600 while Bitcoin Cash briefly "false crashed" down to $540ish on Wednesday to have nearly doubled by Saturday morning.
Do your own DD or let me save you some research. For those who follow my charts, I am long MGTI and follow them heavily. $20 stock next year that company.
MGTI is heavily involved / in bed with bitmain and they have plans to expand to 25,000 miners. I would bet money there will be a joint venture of some sort between MGTI and Bitmain and you can better believe it will involve BITCOIN CASH.
Or, just "bitcoin" as it will be known in 6 months.
Do your own DD of course but I'll save you some time. I'll save you some time. Some highlights:
www.reddit.com
www.reddit.com
BTCUSD Waves. Under the microscop(12.10.2017)Consolidation continues. Wave b (black), perhaps, will take the form of a zigzag. I want to see a deeper correction to the price of 4650, but this may not happen, because look at the wave C (orange) in wave a (red). Corrections in the last wave were shallow and brief in time.
You can also try to play for a breakdown at the price level of 4950. Work better with a short Stop Loss.
BTCUSD Waves. Under the microscope.(07.10.2017)We assume that the wave A (orange) is over. We will buy at the correction from the levels of 4280.4250. Stop Loss at 4160. Goals for growth 2: 1 - 4500; 2 to 4700.
BTCUSD Waves. Under the microscope.(06.10.2017)Presumably the diagonal triangle is formed in the direction of growth. The key barriers that were important to us (4250.4350), are broken, and now we are looking to buy. Because we drive this movement in wave 5 (violet), as the final model for growth, we will be extremely cautious in decisions with a set of positions. The reason is very simple: the movement can be very sharp, with the same rapid decline in prices.
Purchase at correction to 4250 (4350 at growth above from current values).
Work with a short Stop loss.
BTCUSD Waves. Under the microscope.(05.10.2017)We made a refinement of the markup of bitcoin and a shift in the timeline to level 1 older.
We assume that the upward movement has not yet emitted steam and is able to form a bullish model in the form of a wedge in the direction of growth. The possible boundaries were indicated by a dotted line of black color. We want to see the penetration / touch of the price level 4680. This will give more confidence in the bullish mood.
However, the price began to form a steady movement to decline. We do not exclude that the wave B (red) of the senior correction is finished at 4400, not having achieved the correctional level of 4500-4550, and now we are waiting for a further decrease in the region of the previous decline - 3000 and below.
We follow the course of events and, as the situation changes, we will give comments.
BTCUSD Waves. Under the microscope.(04.10.2017)Another local correction was formed, the nature of which indicates the existence of a zigzag. We are happy about this, because there are prerequisites to confirm our intuitive sense of price growth to 4550. We follow the character of the upward movement and we will not hide that we do not like it and looks crooked, however. If the movement regroups into a wedge converging, divergent - we have a hand on the pulse. We will buy with a short Stop Loss.
The logic of the market. Usually such situations always occur.The price does not finish the key point, and bidders begin to prematurely enter positions against the past movement. This moment usually occurs in wave 4 (orange), so we are leading it and do not see until the clear end of the impulse from 22.09. In counting for the waves, we have 4. There is not another wave.
BTCUSD Waves. Under the microscope.(03.10.2017)We were closed by Stop Loss 4300. We were in the market from 22.09. (3500-3550).
The price did not finish the key level at 4550. The level remains questionable. We assume that there may be a refinement in the markup during the day, and the final impulse is not completed. Growth to the level of Fibonacci remains in force. We'll think about how to play the final wave 5 (orange), if it starts to form, and there will be prerequisites in the form of punched levels, an understandable momentum structure in the ascending movement. We do not recommend this to you.
BTCUSD Waves. Under the microscope.(02.10.2017)So. We are in the final impulse. We were lucky and the full reset did not work at 4200. We continue to follow the tracking method and the key points of stop loss. Now the stop loss level is 4260.
We will monitor further dynamics and look for the exit point in the smaller ones under the waves around 4500.
BTCUSD Waves. Under a microscope:)Our team go out into the teaser USDT after 4400.
We'll think of buying in 3900-3700.
If there is no sustainability in growth - it will outlast the storm.
Low to low Trend Lines increasing slope in timeEveryone is saying: "Look at the trends! Don't get stirred by emotions, it's all in the TRENDS, TRENDS TRENDS!". I think we all agree, we just disagree about the trends we should be looking at. Here are some of the trends I found. Hear me out and feel free to break it down and critique.
Take the 'my trend lines' the be the lines that go from lowest drop to lowest drop within a couple of month's frame, they can also be called 'low-to-low trendlines'. Since we cannot really trust the 'up-trend' (else called a bubble') I am here using the down-trend to see what people are valuing BIT to be in the minimum value scenario.
So, if you look at the changing low-to-low trendiness we see them increasing in time (from 1 to 5, and possibly 6). We have not yet seen this pattern go down, yet.
Many are speculating BTC to go down below 2K, if this turns out to be true than we can begin talking about 'downtrend' and dark times. However, until now the 'low-to-low' trendiness have been pointing upwards more and more, which makes sense if we think about the huge spike in demand. Therefore, following this trend, I would expect the new low to remain above the 3K.
One cannot just be looking at the graphs without an understanding of the laws of supply and demand! The graphs can't be going down just because it would look good on a chart. Look at the Trends, yes, but don't be fooled by those who claim to 'know' the trends.The graph is an abstraction in the end, and it only 'represents' the ups and downs connected to supply and demand , please don't forget that.
It is possible that we are in a downward ( bearish ) cycle, but this is not what the low-to-low trend lines are showing.
Please do share your thoughts and comments! They would be much appreciated. This is a thought, not even an opinion, so do go easy on me please. Also, do not base your trendes entirely on this thought alone, be careful and take it easy guys.
$BTS ACCUMULATING, EXITING BUYER ZONE -- LONG !"Bitshares is doing way more transactions than Ethereum." Undervalued coin with an active community, proven product & solid fundamentals.
Bitcoin July 10thI think it will either dump out if the light green triangle or it'll break out of it upwards,
BTCUSD - Hourly Resistance and Fibs I'm watchingI try to analyse as much as I can to see what is obvious and not so obvious so, when it comes down to making decisions based on price action change, I am ready. We know August will be a very interesting period for bitcoin as a "vote" is made and during or even before, we may see some people pulling out to "play it safe" while others ride it out. We have no idea of the outcome or the movements of capital prior to the vote so staying nimble will be key to those who are trading during this time. Use care with the volume you trade or keep in the crypto and good luck. August is a few weeks away so I'll be looking for any highs to exit portions of the coin for safety elsewhere but keep a small amount to ride the wave.
