Bitcoinbuy
Bitcoin Bullish CaseIf you're looking for a bullish bias for Bitcoin then
take a look at the Daily chart. After that massive impulse move to $10.5k price has been slowly grinding it's way lower and lower to where price is chilling out now at $8.8k. If you're looking for a time to buy the pullback of that impulse move now may be you're time. There is a pretty obvious falling wedge that is coming to an apex and price is right around that sweetspot 61.8 region.
Buy zone - $8300-8700
Let me know what you think!
BTC Bull run bottoming likely + Bull Div fractalsBitcoin bottoming from here is likely due to signs of fractals and bullish divergence at the oscillator which are the MACD and RSI. Inline as well with CCI (Removed it so the chart is not congested). Inline with Elliott Wave theory and its subwaves finishing along with Fibonacci golden ratios 61.8 matching it. I see 2 possible bottom. 1st support box is the strongest inline with Wave 4 of the previous impulsive wave. Corrections of Elliott wave likely ends where wave 4 ended. But if not we can see another bottom which is the 2nd green box support which I considered as it inlines with the golden ratios as well.
If it breaks support likely we can see another drop and correction is over making this analysis invalid.
BTC BUY!!!BTC BUY OPPORTUNITY:
The market has secured Very strong bullish momentum so we can place our stops relatively close to the entry price.This will allow us to have a better RR ratio.However we must take into account wickfishing when placing stops and TPs.
I would place multiple entries for this, with stops at break even or a small loss, keeping our RR high in the 10 region.
It looks like BTCs Bull run may start soon, My bias is we shall be staring November with strong bullish momentum possibly up to 16k. We shall have to see.
#Bitcoin Bulls already lost the fight? #BTC #BTCUSD- Bitcoin Price Update 17.09.2019 -
Did Bitcoin Bulls already lost the fight?
Price is now trading again towards 10k Support, below yesterday's daily Candle Close. Daily Stoch and Weekly Stoch are still heading down. On Both Timerames the Stochastic is divergenting and accelerating to the downside.
Price action is currently flattening out squeezing all Exponentials together making serious trading on Bitcoin nearly impossible. The Strategy you want to play in this Market is to let the Major Descending Triangle resolve itself without having any open Position. But if you eager to take the risk you have to place Trades with a real good Risk management setup.
Longing of 10k or even 9,1k Support is going to be a real brave Move taking it consideration that we retested Support level 9,1k a few times already and over time testing out support, the Zones are getting weaker and weaker. A Break of the Major Descending Triangle will open up a rather brutal cascade of Stop Loss Orders and Long Liquidations torpedoing prices to the next level of Support which could lead down to 8.4k. Then We need to reevaluate the situation, is it over or is it going to get much worse.
Shorting Bitcoin is Risk Management wise a little bit simpler, because we are closer to a potential Trend Change then Targets when breaking the Pattern to the Downside.
If you put on Shorts on any Desperately Bullish Moves just use the upper Trendline of the Descending Triangle as a Risk Off Line.
In any Event pushing us above this Line will take away at least short term the possibilities of a 9,1k Support Break.
Have your Stops in Place, Trade Safe!
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Bitcoin Sideways?We missed MA 21 weekly by a small margin. It could be concluded that we have tested it although we did not touch it which we could still witness but it is highly unlikely for BTC to break down from that, I see everybody calling it for months now but here is some more evidence from history where we stand in the above given chart. I believe we will have side ways action on BTC for 4-6 weeks at least which may give some space for ALTS to breathe.
Pls DYOR this is not a financial advice, Thanks.
BITCOIN: Looks very BULLISH! #EVIDENCE belowHey cryptomaniacs,
I will not talk too much and let the charts speak for itsself.
Watch the update-section to see every evidence.
And as always, this is just my view in terms of technical analysis.
KNOW that BITCOIN is very volatile and risky - TA doesn`t matter sometimes here!
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
BITCOIN TO THE MOON?!? | We are About To Find Out!!BTCUSD (BitCoin)
Looking for a range bound and triangle setup while just waiting for volume to come in and take the move up!
Predicting that BitCoin trades into a bit more of a tighter range until we see a breakout! I am expecting a breakout to the upside but it looks a little slim because it is holding below the 200 day moving average which is definitely a bearish sign.
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BTCOIN: Outlook and FORECAST!#Back to 14.000!?Hey tradomaniacs,
not much to say here - I think the chart speaks for itsself! :-)
I expect a retest of 11.500 and a rally back to 14k in order to retest the markets reaction.
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Bitcoin BTCUSD Looking Like A BULL RUN!Bitcoin here at $9639 is looking like a great buy its very over sold on the RSI with it hitting below or close to the 30 on multiple time frames. We have established a high at 10227 and now we should be looking to establish a lower high and It looks at if we might be at the low.
Rare Quality Chance to get on BTC now!BTCUSD HOURLY COINBASE
Hey Followers here is something special just for you.
BTC is on another tear and pullbacks for entry have been hard to find, but right now we have a very good one.
It has recently broken the $11,000.00 (Red Horizontal line) level, then pulled back to retest (Hit) the Horizontal line. This the start of is a classic ABC pattern, Advance through the level, Pull Back to the level, and Continue in the original direction.
It’s a rare chance. Lets take the agrresive entry, its riskier but rewards here are huge.
BUY NOW 11035
SL 10,800
Targets just before the Blue lines
$11,245.00 Target 1
$11,740.00 Target 2
$12,810.00 Target 3
If price falls below $11,000 before we post the trade is invalid
If you want to make Dollars your decisions need to make sense. Its aggressive, but rewards and levels are good, jump in.
Risk here is 2% reward is 16% I like these odds.
Daily Quote
"In investing, what is comfortable is rarely profitable." - Robert Arnott
At times, you will have to step out of your comfort zone to realize significant gains. Know the boundaries of your comfort zone and practice stepping out of it in small doses. As much as you need to know the market, you need to know yourself too. Can you handle staying in when everyone else is jumping ship? Or getting out during the biggest rally of the century? There's no room for pride in this kind of self-analysis. The best investment strategy can turn into the worst if you don't have the stomach to see it through.
Bitcoin profit target reached perfectly once again, prepare for Buy above 12858. Stop loss at 12348. Take profit at 13748.
Reason for the trading strategy (technically):
Price has reached our selling area and dropped down perfectly to our profit target. We look to play another bounce above 12858 support (ABC Fibonacci extension, horizontal swing low support) towards our resistance target at 13748 (Fibonacci retracement, breakout level).
Stochastic (34,5,3) is seeing major support above 10% where a corresponding bounce could occur.
Bitcoin Buy Opportunity Possible Altcoin Market Bearish ReversalThe past few days have been quite booming for the altcoin market, which makes me think about the tides of the seasons.
A lot of people around the world have spent their holidays with their friends and family, and I can imagine a lot of conversations would be about Bitcoin as it has been getting a lot of attention in the mainstream media lately.
I can only imagine a lot of new traders trying their luck in 2018 with crypto, which means there will be a lot of new money into Bitcoin.
Therefore bitcoin will make moves for a new bull run, which will leave alts being drowned in blood for the simple reason that it's hard for altcoins to win against btc when btc is rising.
This has a funny result in your portfolio because if you stay in alts, the dollar value of your portfolio will probably stay the same or rise.
If you make the switch to move a big percentages of your portfolio into Bitcoin, then you will rise in dollar value as you ride the Bitcoin train.
The bonus in managing your portfolio the second way is it's possible to buy in Alts later when Bitcoin cools off.
Most of us will remember the days when the Total Alt Market was bleeding so hard because of the sudden mooning of Bitcoin and we were losing out a lot of potential gains long term, but that's when we noticed that if you held the bitcoin during the run up instead of alts, you could buy so much more alts back at such a low price, which results in a far bigger return the moment alts begin to grow again.
Altseason might be over very soon so don't forget to lock in your profits!
Now about Bitcoin:
Bitcoin is looking for a classic set up with a rising bottom pattern forming into a flag pattern.
RSI is looking bullish and the Momentum is getting stronger.
Bitcoin is creeping out of the Ichimoku Cloud which makes me extremely bullish on Bitcoin.
Good luck with this trade, the theory is still a theory.