The general picture on the Hourly chart demonstrates that Sellers still have control of the situation. The price is close to the midterm descending trend line. BTC/USD is likely to develop its downside progress in the midterm as there are no signs of a global reverse. The currency pair establishes new local lows. The correction towards the higher border of the...
Consensus 2018. A catalyst filled with rumors, hype, news, and demand. Sideliners fill finally pull the trigger, word will spread, there is no stopping the cryptocurrency train. We actually had tons of strong news about Crypto and Bitcoin lately that is bullish. I will be looking for price action buy signals near my blue horizontals. Will ride the trend up to...
This is my price watch, if it breaks out of the box, hold on to your shorts. Laterally, there will be some expected gain, if it drops, It could hit the orange price. If it goes sharper than the orange price, then we could be headed for the red zone. This is not bad, it would indicate a sale on bitcoin. I love sales. If we get another blood bath, I will accumulate...
BTC again entering the Ichimoku cloud which although seems to be weakening, the thickness strength & 200MA are adding pressure downwards towards the path of least resistance, so without Volume (Both 24hr BTC/MC 33% drop and counting) trader's wont be likely to have the price action to break the cloud. Ichimoku appears to be consolidating sideways so its quite...
After Finding it's resistance at 9729$ ,it came down to it's supporting level 8652$.Elliott wave pattern is showing that it's going to hit it's next level at 10.5$k-11$k.If It Hits according to 127% Fibonacci Extension, it will be a good news for the crypto market.Good time to buy it at 8.8k-8.95k$ today. Disclaimer: Everything written here is for discussion...
Looking at the Ichomoku "double settings" we can see the attempted break through Ichimoku was rejected at Fibonacci (0.618) with profit taking forcing BTC to slide along the Seknou (green line) wedging itself between the 200EMA, rising support & Fibonacci (0.382). MACD shows its ready for slight cool off but overall, volume/rally would over come this and push...
Daily Looking at the trend timeframe we can see momentum is starting to head towards the upside. Last week we experienced a push from $7,000 to $8,000, although price has shown signs of continuing to drop we have managed to hold at the $8,000 support level. A daily candle above $8,350 and we should see extension towards our $10,000 resistance. 4Hour Shifting...
It seems a change in sentiment might be initializing as we see a change from sharp jagged rises (circled black) it can be seen as positive or negative depending where your portfolio lies i guess. Time is Bitcoin's friend at the moment as it provides the ability for technical analysis to "catch up" and turn positive. The previous February rise I saw as more...
Just a thought more then directional analysis: Using the Weekly to find support levels as below $6000 being untested for the short-mid term, The Weekly 200MA seems to be the strongest Moving Average support, as attempts to break have resulted in "short term" reversal with intended volume, this a positive sign showing traders are anticipating double bottom or...
We wont know if we have a established bearish flag pattern on the 1HR until price breaks outside the lower flag channel. At that point, possible trades with stop losses above the upper flag will provide a low risk exit. Low volume, Fibonacci Level $8000, StochRSI Currently oversold @ 80, are aligning to force prices down although the RSI and MACD have room to play...
We all base our future expectations on past price action. But you forget one important thing. Bitcoin attracted some really smart people, professional high speed traders. These guy are mostly BEARS. It will be a way more balanced price from now on. And once the parabolic magic thing is gone, so are the average investors. Look at the google trends: "bitcoin price"....
Took both the 50MA/200MA & 100MA/200MA within 1hr, 4hr & Day time-spans. Assigning valves to each 50MA/100MA/200MA. Extremes such as DAY and 50MA/200MA cross-over indicate longer term views decreasing likelihood although registering a more powerful indicator in place as the 1hr & 4hr fluctuate positive/negative multiply times within the DAY cross-over...
Imminent approach to $8400-$8470 is coming for bitcoin. After that, it will enter a critical area of huge proportions. Basically it can go anywhere from there. Personally, I WILL stay as far away from that area as I can. There are three major scenarios at play here: S1) GREEN ELLIOT WAVE It will reach 8470$ and bounce back up 'thus confirming the GREEN...
My thoughts for the next BTC waves Timeframe : 4H Follow me on youtube : Ras Crypto
Bitcoin just double topped at a massive resistance trendline and seems to be rolling over... This video explains what might be next for the leading cryptocurrency.
Here is a Bitcoin Idea Position : Long Pattern : Inverse Head and Shoulder Buy In: $8800 to $9000 Target 1 : $9800 to $10,400 Target 2: S11,400 to $12,000 Stop Lost : $7800 to $7500 Possible Gain : $3000 Possible Lost $1500 Let me know what you guys think.......
For all the media and the people that believes Ethereum is about to pass Bitcoin in market cap, I have to disagree. I believe Ethereums best price to buy in for a Long Position is at the $600 to $500. We will look to start building our position at the$600. Let me know what you guys think? Thanks