BTC/USD - Target $11,706Bitcoin bulls continued to dominate. The 9,156.4 level - now recast as support - plays an important role given a retracement to get there. The next resistance area is defined around 11,706 (Feb 20 peak, Mar 5 high). We watch for pullback setups to enter long. Alternatively, a breakout failure may re-target the support threshold at 7,820.1.
Bitcoin-usd
Bitcoin Projections: A Beautiful Set Up and Breakdown - $$$My philosophy with trading is, up or down, lets make money. I love shorting, and I love bull markets. Most importantly, I've taught myself how to make money in both markets. Its allowed me to be unbiased, and its allowed me to be more adaptable.
First look at bitcoin and all the research I did, the analysts had vague interpretations and recommended larger plays. I'm a day trader, I dont like staying in the market long as it increases my risk/reward as Bitcoin is volatile and its easier to be right about a quick move given the right indicators and confirmation than it is to predict an entire direction over a longer period of time.
I took a few hour interruption before posting this just now so hopefully all is playing out well ....
The overall short term play here is to short at the top of the triangle, and then exit the trade at the bottom for a quick 250$ swing. A tight stop loss can be placed on the outside of the triangle to minimize risk if we do break out the top.
Overall the triangle has bullish indicators and sentiment to it, however, for me its a 50/50 as i expected us to drop out the bottom on that last fall, so theres lots of support at 9k... until there isnt. I'll update the next moves, you can play the break on this too, but i am waiting to play the break past 9500. On the breakout of the bottom of the flag, i'll keep riding my short i placed at the top of the triangle. That's the gameplan, hope all you traders make some money!
www.thecryptoblend.com
Join my Youtube under Crypto Hippo to see video demonstrations and walk throughs of these charts i make. I make a video every day to keep everyone posted and updated on my plays.
BTCUSD: Forget the ClickBait Title...Cut and Dry here.Hey everyone...Hope you're all doing good and you're feeling great. Yeah, market is acting weird, and lots of these trading view ideas don't help. What I mean by that, is they're very stressful, extremely bearish, or extremely bullish and huge hype behind it. I believe we are bullish for quite some time...probably the next two weeks I would say with certainty. The price labels are the target price areas...they're in the general area..not specifically those prices. This is the daily chart...sit back, relax and watch it. This is all exciting...don't forget that you are in the making of HISTORY. Don't get caught up in just the money...if you're young like me, you missed getting in on the Stock Market when it first came out. This is all new and exciting! Study hard to be a part of it.
As far as my opinion goes...we're bullish. Cut and dry. I have no idea of the exact gains. No idea of the potentials. I don't want to give any wrong ideas (in terms of % gains).
The intraday fluctuations do not matter. Two weeks time. Then that should decide if we are bullish. I think we are.
Enjoy this chart for your own studying. This is going to showcase at least a month's worth of time. I won't be changing the chart...probably just adding if really cool things happen...other than that, I look at this chart every few days like once or twice and I will know where we are going.
Happy trading...best of luck...and STAY positive. Life is great. :)
Still Bearish on Day Chart BTCBTC price is currently being supported by 100 day EMA. Also large support exists given the price volume profile visible range around 8800. CMF looks to have hit the top and will now see more selling pressure as it declines. We are not seeing spikes and dips in the OBV so volume has been relatively constant. Ichimoku Cloud is in the red zone with the Base line (pink) still above the Conversion line (Orange), a bearish signal.
Still a very bearish outlook on the Day chart. Price will need to break 12k for a bull reversal.
Bear Cypher Pattern on BTCUSD BTC BitcoinCriteria for the Cypher pattern
The Cypher pattern starts with a market price that establishes the X and A points
Point B retraces to 0.382 – 0.618 Fibonacci level of the leg XA
Point C is formed when prices extend the XA leg by at least 1.272 or within 1.130 – 1.414 Fibonacci extension level
Point D is formed when it retraces 0.786 Fibonacci level of XC
Note: I also used the 78.6 fib of XA in confluence with the bullet above to create a "zone" for entry
NOTE: The finish of the pattern matches perfectly with a high volume node which will probably serve as resistance
Bitcoin/USD -Falling wedge as potential end of local correctionLeft fibo levels are $11.7k - $6.4k, right one are $6.5k - $9.7k. 38.2% fibo may end this correction especially because this level is also around local high from April 15th.
Also we are currently above ALL down-trend lines (log and linear) from Bitcoin ATH so basically we just started (April 19th) new - at least local uptrend.
BTCUSD , TP3 hit with 1940139 profit. NEW Buy Opportunity...BITCOIN/DOLLAR
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is possibility of temporary retracement to suggested support line (6299.85) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 9 BUY trade(s) @ 5514.00 based on 'Hammer in D2 time frame' entry method at 2018.04.07.
Total Profit: 1940139 pip
Closed trade(s): 678585 pip Profit
Open trade(s): 1261554 pip Profit
Closed Profit:
TP1 @ 6299.85 touched at 04.12.2018 with 78585 pip Profit.
TP2 @ 7297.45 touched at 04.20.2018 with 178345 pip Profit.
TP3 @ 9730.55 touched at 04.24.2018 with 421655 pip Profit.
78585 + 178345 + 421655 = 678585 pip
Open Profit:
Profit for one trade is 7616.59(current price) - 5514.00(open price) = 210259 pip
6 trade(s) still open, therefore total profit for open trade(s) is 210259 x 6 = 1261554 pip
Take Profits:
TP4= @ 9236.95
TP5= @ 10740.80
TP6= @ 12166.75
TP7= @ 14229.35
TP8= @ 16780.00
TP9= Free
Midterm forecast:
While the level 6299.85 is not broken, the Midterm wave will be uptrend.
Price may also reach 6299.85, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
We will close our open trades, if the Midterm level 6299.85 is broken.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 64.
BTCUSD , weekly update: Total profit 1356035 in 13 daysBitcoin/Dollar
Total Profit: 1356035 pip
Closed trade(s): 230515 pip Profit
Open trade(s): 1125520 pip Profit
Trade Setup:
We opened 10 BUY trade(s) @ 6715.85 based on 'Hammer' entry method at 04.01.2018 .
Closed Profit:
TP1 @ 7556.25 touched at 04.12.2018 with 84040 pip Profit.
TP2 @ 8180.60 touched at 04.12.2018 with 146475 pip Profit.
84040 + 146475 = 230515
Open Profit:
Profit for one trade is 8122.75(current price) - 6715.85(open price) = 140690 pip
8 trade(s) still open, therefore total profit for open trade(s) is 140690 x 8= 1125520 pip
Take Profits:
TP3= @ 9051.90
TP4= @ 9774.80
TP5= @ 11600.00
TP6= @ 12670.65
TP7= @ 15308.00
TP8= @ 17095.65
TP9= @ 19704.20
TP10= Free
Midterm forecast:
While the price is above the support 6000.00, resumption of uptrend is expected.
We make sure when the resistance at 11600.00 breaks.
If the support at 6000.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 56.
Golem GNT Dual Roadmap Chart USD & Bitcoin [BTFD]Im really sorry for not posting this earlier as promised weeks ago
breakout on Golem as i was expecting to happen with the break of the major downtrend line
some supply and demand zones as well as fibs both showing which price levels it will bounce and rebound off and if breaking thru up to next or down to the next level
some big sells to get thru to get back up to $1 but im sure this will happen this year
trade safe
It's Bulltime for Bitcoin! Read here what's happeningHello and welcome to my Bitcoin Analysis!
The weekend is knocking at the door but before we let it in, we should take a look of the market behaviour in the world of Crypto.
As Bitcoin broke through the big resistance (white trendline) one week ago, it did not approach the trendline again but makes higher highs ever since. At the current moment I see a healthy market sentiment with new money coming in daily based on the information I get from coinmarketcap.com
The era of the bears seems to be over for now which means it’s bulltime!
1. Bitcoin is printing a rounding bottom at the moment. This is a common reversal pattern which is a relative of the C&H which is also a possible outcome. (White round line on the chart)
2. The next major resistance in my chart ist he former neckline of the H&S reversal which was penetrated but didn’t break through. We can expect heavy resistance at $11700.
3. Minor resistance areas are the EMA’s. We’re currently flirting with the 55 EMA (red line on my chart). The next stop is the 200 EMA (Turquoise line).
4. All in all the market looks healthier than a long time ago. We might even see a new ATH this year, when mainstream media starts reporting
Have a great weekend and a good time trading, guys!
Always take care of your money.
Best
M.S.
5th wave of bitcoin has just startedOkay, lets keep it to the facts, I don't mind about other TA specialists and if they are wrong or not.
This chart gives me the indication that we're forming an elliotwave and 1-4 waves are finished.
The fifth wave might end between 8400 and 8800, then I'm expecting a retracement.
To be honest I don't really think we will see bitcoin below 6000 again, not even 7000.
Bitcoin is quite hard to analyse well as you have seen with my colleague analysts.
I'm trying to be as objective as possible, let's see what will happen.
A lot of alt coins went up quite well, some of them are even 50% higher than their lowest point after bitcoins lowest point of this retracement.
I think they might fall back a little bit because people will step out of them to go back into usdt or bitcoin.
Only the prices are partly predictable, the time when bitcoin will retrace to it's abc is not predictable because of the short and long options, big players and we are trading in crypto, everything is possible.
The last wave of ABC might end at 7600, from there we can see a new period in which Bitcoin will reach a new ATH ;-)
Let's see where we will end ;)
All the best,
Ethereum - The Key Levels to Watch to Confirm a Market Reversal Ethereum is currently trying to regain ground and did well at consolidating support at the $400 level. A sudden plunge back down to the $380-400 zone could spell an end to this emerging bull run.
Crucial downward trend resistance levels are about to be tested. A gambler would buy in now and see if it breaks through. But I'd wait to see how it deals with resistance at the $550-600 area before buying in aggressively.
The jury isn't out yet on whether this is a market reversal but it's definitely safe to say that we're in for a bumpy ride!
BTC - next station 7000$ - 7250$Bitcoin reached resistance, but is back again in trend line. I would recomend buy Tether and wait few days, but still follow BTC and when push resistance and reach it buy BTC or altcoins, but you will see during the situation and I will inform you.
If you agree follow me, thanks and have a nice day.