Out IOTA PositionAt the beginning of February, the market gave us a great opportunity to earn extra profits, which is exactly what we did.
We at Pennygene turned our attention to the IOTA/BTC chart back in early January 2020, and have kept watching. What attracted our attention was that this asset was falling fast almost all the time from August till the end of December 2020, but then the first 1W bar of January showed us that the price reached good support at 0.0000094. Also, it was the lowest price point since the launch. After a month of waiting, our efforts paid off. At the beginning of February, we placed our long positions at 0.0000143, of course using a stop loss. And now we have been in the position for more than two weeks. At the moment PNL is 102% and we are not going to exit this long position yet.
Important: Never be guided solely by the notion of the "lowest price in the history of the asset" this price floor can be updated at any time. Your strategy has to take into account a combination of several factors. Especially when it comes to a low-capitalization altcoin. At this point, we cannot recommend you to go long on this asset because much of the growth has already happened.
In any case, if you are interested in IOTA, you need to wait before placing a new order. Maybe the last 7 days after the active growth is just a consolidation and liquidity gathering for further growth. Maybe after that, you will get a new opportunity to enter this asset.
Bitcion
#BTCUSD 1) On daily we have a V pattern that was broken upward , the price reached the first target (resistence 1 ) .
2) The price pauses to form another pattern wich is a pennant ! if the price succeed to break above the pennant and the 1st resistence , it's more
likely to see a move to 2nd Target (resistance2) .
3) Wait for the price to break the pennant upward before going long .
4) If we have a break bellow , wait for the price to pullback with the same height of the pennant before executing a long position .
5) Keep you risk small , there is plenty of opportunities out there but the most iportant thing is to stay alive . Good luck !
BTCUSD TA Time 31-1-2021! Greetings fellow traders!
If your way of Technical Analysis is strong...
Then the path will show you its way...
(*Asian sound effects*)
Short-Term & Mid-Term & Long-Term:
Currently looking bullish! Hopefully we'll see this bull flag break out bullish! We'll need to see candles closing above the resistance for confirmation. I've got a gut feeling it's gonna happen on the new monthly/weekly/daily candle. Somewhere next week. If it breaks out bullish, approximate target: 50K-60K USD/BTC.
Super Long-Term:
As far as I know, the bull market started a while ago, since the last halving. Overall still bullish and waiting for the super long term correction and pattern to emerge. Current approximate target 2021: 250K USD. See previous publishes for more information.
If you have any questions or whatsoever, do not hesitate to leave a comment.
Good luck, be careful and may the trend gods be with you!
Symettrical Trinagle on Bitcoin 4 Hour Candles $50,000 TargetPotential breakout or breakdown targets for symmetrical triangle pattern. Volume confirmed breakout required to hit $50,000, take profits before the target. Volume confirmed breakdown for $19,461, go long if breakdown confirmed before the price target is reached.
Bitcoin May Need a Big RetracementYellow * 7: Possible Reverse
If Yellow turns red, it may be take as confirmation.
BTC BTCUSD BTCUSDT BTCUSDTP BITCOIN
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
The Crab is a precise Harmonic pattern (Reversal Zone).
Mid point (B) - 0.618
The pattern requires a very small stop loss and usually volatile price action in the Potential Reversal Zone. In this case, we need confirmation to sell BTC from lower TF.
Reversal zone is not far away.
But, Due to the extremity of the projections utilized in the completion of the pattern, the Crab frequently experiences sharp price action and dramatic reversals.
2.61 8 AB=CD & D of XA(1.618) at 30253
The Crab Pattern:
The extreme (2.618, 3.14, 3.618) projection of BC
Note: AB=CD pattern within the Crab is the least important number in Reversal Zone.
0.886 retracement at the B point, unlike the regular version that utilizes a 0.382-0.618 at the mid-point.
Nested bullishness: Wedge in triangle in a Cup and HandleMuch this should be no surprise to anyone. The cup and handle has been the talk of the crypto town for a while now and you may or may not believe it will perform, but the believe that we are in a bullish continuation pattern exist.
The handle appears to be another bullish continuation pattern, an ascending triangle.
The triangle has a falling wedge which is a reversal pattern. This reversal pattern is backed up by bullish divergence on the RSI and we are at the base of the bollinger band. I have shown another example from November of a time we saw the exact same set up and got almost 10% gains.
Now all of this upside potential occurs after we have the buy signal on the has ribbon. This signal went out all over cryptoverse when it flashed.
Every single one of these structures give you a different target, entry strategy depending on how aggressive you want to be and a stop strategy depending on how aggressive you want to be. The targets on the main chart don't even consider that this is a continuation pattern of a flag pole.
I created this chart because BTC is the benchmark for all of crypto. My biases is crpyto will pamp while bitcoin performs to the flagpole target. From there we will probably retrace and I'll look at buying dips. I am betting ethusd will overperform and since it is a collateral currency on my exchange my gains from margin trading to into there. XRP gives me the x5 and a high percent change so I will be long XRPUSD. I'll look for topping ETH, BTC, and XRP to help me make my decision on when to close.
I have linked some posts with some good calls. A lot of formation have strong predictive utility and you just need the patience to have them perform and that can take a while. The Cup and Handle is one of the most reliable chart patterns according to Bulkowski, and he basically wrote the book on TA. Remember, there is a lot of nested bullishness and will patience targets should get hit but that doesn't mean you abandon stop management or get reckless with your entries, especially with margin and leverage.
Find a system that lets your winners run. If your chart formation busts don't hold like a buster. This is time for fundamentals.
BTC has to finalize major $21070 targetMorning folks,
BTC has shown deeper retracement than we thought. Although it was ripening for some time and we even have talked about it earlier, but price has come so close to 20K top that it was seemed major retracement comes after its challenge.
Anyway, we have few possible scenarios here, such as downside AB-CD, immediate upside breakout, butterfly and some others. But I talk only on the one that I think most probable. We need the pattern that makes price to stay flat for some time but then let price to finalize weekly 21070. Butterfly fits best for this. We expect that minor pullback should happen in the beginning of the week, somewhere to 17K area that will become the right wing of the butterfly, and then price should re-establish upside action, making challenge of 20K top and last effort to weekly 21070 XOP target. Strong deeper retracement is possible only after that.
Bitcoin 1 Hour Time-frame AnalysisBitcoin is less than 24hours away from its Weekly close. I will provide a fresh Analysis upon the start of a new week. As of now, BTC is trapped between two key boundaries. (10650.00, & !0450.00) This sideways movement is accompanied by consolidation that lasted for 2 days. I predict two possible scenarios, one is indicated on the chart in a Blue Path Arrow. If price breaks through the upside, I predict movement towards the key Monthly Resistance level. The other is indicated on the chart in a Orange Path Arrow. If price fails the current test of a Daily Pivot, I expect a push down towards local support. After a retest, then a possible break towards the lower boundary of Market Structure. (10450.00)
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Comment your predictions on BTC/USD & XBT/USD BELOW
Using normalized SPX to predict BTC price cycles.Though this was quite interesting. The people saying that these markets are not in harmony are delusional.
Wherever SPX is going, likely will drag BTC with it. I'd be very weary going into this winter with the wuflu boogla 2.0 popping.
Likely repeat of March if not temporarily.
1-2-3 BOOM !!! | BTCUSDAfter the large number of successful analyzes with currency pairs and gold, it was the turn of BTC.
The price is in an upward movement, as it is formed by fast impulses and slow corrections.
At the moment, the price is in correction again and we expect the main trend to continue.
The most suitable moment of entry is in case of break of the correction!
Why?
1) This allows us not to wait long for the price to move aside.
2) But more importantly, it can protect us from a losing trade if no breakthrough occurs.
Follow our analyzes and earn more. Good luck!
DONT BE FOMO THE BIG REAL CRASH COMING ! BTC CRASHdepending on MX effect, and last trend bitcoin should get a crash, be alert with long orders, the mx effect are all time right by expecting charts.
We can get any moment a free fall by whales, as the whales have already big amounts at exchange, and excatly that whales have more than 130% SINCE THE LAST DIP.
Its normaly that we have go a up trend increase, so the next crash will be better to do by whales.
# i did expect before more crash trends, also the chinese one 07-12-2019
NEXT Target are 8400 or below.