BITCOIN YOU CAN DO IT 6900-7300Possible move up if it breaks 200 MA.
Respecting the trendline.
We need to see the volume come, come on boys lets pamp it, so we ca short better price.
Bitcoin-chart
BTC AnalysisBTC went all the way up to the 2nd resistance (6750) line only to break down even below the 1st resistance line (6500). Looking at the 4 red candles (6740 to 6400) i'm thinking that we should get a small bounce back above 1st resistance. I don't know if it has enough juice to make it up to 2nd resistance or beyond, but there is a small upward pattern forming in between my two orange mini support/resistance lines. Lets see what happens!
BTC (9/17/18) NeutralThe .382 fib level, trend line support, and 50ma all seem to coincide at the $6390-6400 range. a close below this I believe will continue the bearish market trend. A break above the trend line resistance would likely bring us to the 100 and 200 ma around $6625. Also, Btc had its lowest volume day since Nov. 6th 2017 (source coinmarketcap historical 24/hr volume - all exchanges) & Bitfinex hit its lowest volume on the weekly chart since July 2017. Possibly something big in the works coming soon. Trade careful.
Eos (9/12/18) Possible shortI've entered a short at 7830 Sats after a pump up to the trend line resistance on the 4hr which was also held down by the 50 & 200ma's. We are currently resting on the .5 fib level and I am expecting a drop to at least the .382 as a healthy retracement to the move up we recently had. stops lowered as we drop to lock in profit.
Ignore the FUD looks like we will hit $10000 by end of the yearIgnore the FUD its looking good for Bitcoin. It appears we may have a breakout coming up in the next month or so its the last leg of the inverse head and shoulders that has been forming since March this year. Looking like we will hit $10,000 before the end of the year.
BTC Update 3rd of August 2018These days we see a lot of people claiming that we are bullish
In my opinion we entered the downtrend channel again after a fake breakout on the daily close.
When we following up the daily close bottom line we will meet at 5500 USD again in some days.
At the moment we are touching the 0.5 Fib level which is a well known resistance for Crypto. Either we will see a real bounce on it or we are just following up the trend down
Additionally it looks like that we are still balancing the big spike of last year until we really finally can open a new trend ( hopefully soon)
Thats all so far in a short way
BTC/USD up to $8k?Bitcoin is having lower lows and lower highs, which implicates that it's still in bearish move.
Right now BTC is in so called "triangle formation" in which price is bouncing back and forth with short bull or bear-trends.
Bearish moves were shorter and shorter and now, temporary, it's in bull-trend. I assume that BTC can reach upper triangle resistance line at around $8,000. Before going back down.
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BTC UpdateBTC 15 min chart gives us again mixed signs and mixed price action patterns. At the moment we are in "Rising Wedge" continuation pattern (down). Above we have a very strong area where we'd need a strong bullish candle to push through. However there is a problem - we lack buyers. If some whales decide to push BTC price up, only then we could break through that level. A small bullish sign is Ascending Triangle (blue area) that we broke out of and now we are testing this triangle resistance line. Let's see what we could get from this pattern (15min chart patterns do not work so strongly as higher timeframe patterns) so if we want to be bullish we have to watch price area between $6640-$6680
The Bearish sign is following the trend on the continuation pattern "Rising Wedge" and the trend is down at the moment, so if we break downwards from the bottom blue line then we have to watch our support level @ $6450-$6500! If we break this then we have bearish confirmation and probably the next support would be $6200-$6300 before the big $6000
Targets. Bearish & BullishWe are still currently in a rising wedge pattern on the 4hr. Not many indicators giving any solid confirmation on which way we're headed. Small leveraged long position in at 7630 in case of a breakout past 7700. Stop market order given some leniency to avoid being stopped out by a wick. normally rising wedge patterns end up being bearish but with a current three white soldier pattern on the 1d chart I decided to take my chances with a small position.
BTC Identical "Pullback" Road!In the 4h chart, I discovered a great price action!
Last roadmap from LH (Lower High) to HL (Higher Low) are identical to previous one!
In the bigger picture, we could see the big triangle pattern and the triangle bottom trendline is almost the last strong support before $6000!
Hopefully, following the previous "drop" and we find the bottom of the trendline and form HL. To completely break the downtrend then we definitely have to make HH (Higher High)
but if we break the trendline downwards then we are in a new downtrend and if we want to come out from there then it could be painful and time-consuming!
Some pullback on BTC in the coming week(s). Then all systems go!Well, in my last post I had identified a H&S that we were watching to see if it played out. It did not. Bears failed to break the neckline. Failed H&S patterns tend to reverse bullishly very quickly. That it did.
What now?
Well, if you're a bull, waiting patiently to get in before we rocket off, you may have one more chance.
If you're a bear, I am finding it harder and harder to observe many significant bearish indicators.
What I have noted here on this chart is that BTC is currently engulfed in to not one, but two, bearish ascending wedges. These are to be distinguished from ascending triangles, which are very bullish. Ascending triangles have a horizontal top. Ascending wedges, which are bearish, have an ascending top. I am expecting that we might go a bit higher within each one of these wedges, but that withing the next coming week or weeks, we will break down.
If we fall out of these ascending wedges, it is still possible that we travel down to the 7.5-8k range which I predicted in my previous post if the H&S pattern were to play out.
Two more indicators that we are not fully bullish include: a failure to break 54 on the weekly RSI AND, on the weekly chart, we still have not completely conquered the BLUE descending trendline.
I'm not one to tell others how to spend their cash reserves but IMO, it's seems likely a better price could be offered to buyers in the next coming week or so. Try to ward off that FOMO. Hold tight. And wait for your best buying opportunities. I know this is hard, especially sensing that we are very near the end of the bear market and then all signs are GO. So, I don't blame you if you do buy here. I'm just suggesting that you might find a better price in the near term coming days.
Peace and happy trades all!
#BTC Im bullish as hell :) Let me see this! LONGYes, believe it or not. But the beginner has called it. :)
Now I will put all my technical analysis into consideratio and look at what i think will happen to btc over the next comming months. So this is what I will expect from btc the next 3 months.
I do not want to go deeper over all of my technical analysis but I can tell with short words why I think it will be something soim this.
First of all:
We will soon go through one of the largest crypto event in the world, Consensus 2018, at the same time there is also a big crypto event in Scandinavia
Bloxpo event in stockholm the 17 \ 05-2018 the largest crypto event in Scandinavia.
It's no secret that there were many in Scandinavia never heard of crypto before the news channels started informing people about this more and more recyclable by the end of 2018. This makes me believe that there are many who was entrying the market through this news up here in the north. Nevertheless, large parts of us have been scared when we bought bitcoin very expensive at the current price to judge. But still I think there are many who have accumulated and approached more knowledge within this market such as myself.
I therefore expect a bullish market out May and maybe in the beginning of June where the whole ppl of Scandinavia goes to summer holidays, then I think the market will take a little break with a smaller bullback before we start hunting for new heights. I expect btc at 20k around September\October period, then we goinig for a new alltime high 30k.
I'm not saying it will be, but this is a scenario I can see for me as a healthy growth of bitcoin from here.
Lets us see over the next months if this plays out. :)
Again, do not take your choices based on my opinions or charts, do your own research and never invest on others' opinions and beliefs.
Correction of Support lineI check again my chart. And i find i did have accidentally move support level bit higher that should be. Well i am still daytrading BTC you can make easy 5% profits but for long term i am more interesting on the breaking point. I can not really tell you that will go up from this point, because it will be lie. Nobody know for sure everybody have just opinion and you should make your own. But I still believe in Bitcoin and blockchain so for me doesnt really matter where it go. If trend will change all good but if not i will just easy use dollar cost averaging and accumulate more Bitcoin for long run.
Bitcoin (BTC) - Lower High? Full Chart Prediction for H1 2018! Disclaimer: I am not a financial adviser, this is more of a novelty but everything charted has some form of reasoning behind it, we're 5 waves completed in Elliott's wave after the down trend, I'm predicting another Elliott's to begin here, but rise to a lower high in the absence of lightning network. Enjoy!
Bitcoin is currently sitting at the top of the falling resistance (1a). I feel bitcoin won't complete the inverse head and shoulders pattern formation (2a.) with sideways movement breaking the down trend, but instead this will be the beginning of a new Elliot's wave (Marked in Blue) following the completion of the last, wave 2 may form a mini cup and handle bouncing off the first resistance (3a). The prediction of wave 2 is never easy so I've used the Fibonacci tool as a guide as to where the new up trend may be formed (4a). The 50% Fibonacci resistance (3a.) may be retested and may even form a new wedge between it and the newly formed ascending support line.
In the longer term, even with all this incredibly coordinated positive events of importance coming out of India, South Korea and Russia and the media back on the bitcoin bandwagon, I feel like a new descending line of resistance (5a.) will be created at the 23% fib level in early April, ultimately making the market stay bear for at least another 5 - 6 months, UNLESS we see a successful lightning network launch creating new highs once again for bitcoin and co, but that shit cannot be predicted!
Happy Trading and Best of Luck!
Follow me for more wacky chart predictions!
ArchieBRO
- 2018
For what it's worth, I'm not long on bitcoin by the way, I'm long on Lightning Network, in my opinion:
- Lightning Network Unreleased = Market stays bear
- Lightning Network Released (Successfully) = Market goes Bullish as fuck, 6 figures in a couple years a legit possibility
- Lightning Network Released (Unsuccessfully) = Bitcoin Dies, Alt Bubble Bursts, 90 - 95% of startups abandoned, useful blockchain tech with active development rise from ashes and take the world by storm.
#BTC #BITCOINI'm not a professional, just and idea, maybe a cup and handle since H&S kinda got violated ? What you guys think?
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