Gann using 192 VibrationsHow to set up a GANN 192 vibration.
Step 1: Using a 4H BTC chart I first lock my price/bar ratio to 5 in settings.
Step 2: Now use a date range from the recent low to range 192 candles in front and then use a vertical line on the 192nd to help in step 3.
Step 3: Now use a gann square fixed from the low to the 192nd bar infront. The vertical line will help the square meet the 192nd bar infront of you.
Step 4: Now use a gann box and in the style settings apply angles to help overlay on top of the gann square fixed. The 1/1 angle will always be 45 degrees.
Step 5: Now you can take the high from the gann box and use a fib speed resistance fan from bottle left to top 5 to make it look like a unicorn rainbow.
Enjoy
Did I just GANN in 5 steps?
Bitcoincharts
Bitcoin may test 3k if not sustain 3600Finally bitcoin successfully closed above $3600 on weekly if it not sustain there then it might test short term support at $3400 $3200 and even $3000 , once break $3000 then can hit $2500 to $2700 by jan 2019, But good news is it is trying to break resistance at $3800 once it breaks then it can test $4100 and above in short time
BTC UPTREND TO 5800$ and further drop price Bitcoin dollar priceHi guys.
Welcome to this update on the most accurate Bitcoin Technical analysis on TradingView :)
Hit LIKE to enjoy and profit from the following free trade signal.
Along with fundamentals and indicators we do have very clear situation i would say
(regardless of hair stylists and taxi drivers write 3000$ BTC, 1,700$ Btc and so on.
They don't understand a nickle i'd say, because, with little fundamental knowledge on Bitcoin, they would not talking so.
They don't care, since it's not about them, it's about their money they will burn (your money) if being influenced by desperate FOMO.
Those influeced by FOMO with drop deeper, buying Bitcoin on all price levels while shouting " MOON, MOON" and will fall with MOON :).
This is a follow up on my previous idea, which forecasted Bitcoin uptrend posted at 10 days ago .
Now What is ahead of us?
Double bottom (as making lowest low in the cycle=3800$)
And there we should place long positions to 4500, then shorting them to 4150 and going long to 5700-5800), then shorting again ( we dump).
If we take a look at the altcoins, we could notice that most of them didn't utprended and most the of them are either very much at the bottoms or near it.
Along with BTC , entire market colided and also deflated altcoin ratio over BTC .
Depth of fall was nearly 45% !!!
As per FA and TA given we could conclude next :
- StochRSI is uptrending on daily graph and on slight drop on 4h chart.
-RSI is also uprising on daily as being on very bottom and now bending upwards.
-MACD crossover on weekly is promising.
-I do expect rebound to 5750 in a form of a bulltrap.
-Dump again.
-Uptrend to 6.250/6550 (but that can be speculative and risky).
-Dump again
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Any kind of constructive suggestions along with critics are more than welcome.
Feel free you leave your comment regarding the situation on Bitcoin TA presented.
Your opinion does matter.
Hit LIKE to enjoy and profit from the following trade signal.
Good luck guys
Bitcoin testing 4k Next move 3500 or bounce to 4500As shared in our last chart and as expected BTC is trying to test $4000.
Btc come down to its 2nd Pivot Support If it breaks from here then $3800 will be the next support.
full chance for bounce back from $3800 to $4000 as if you see long term trend it is trading over trend line.
If it breaks 3rd support of $3800 then $3500 to $3000 possible
Bitcoin fall and further deflation of the entire market for 30%+Bitcoin is clearly attempting to break through and make new highs and continuosly failing to do it .
Starting from January 13.th, we have obvious downward tendendcy (after making all time high), continualy had lower and lower rebounces like 20.000/11.700/10.000/8500/7400/6800.
With all that said, Bitcoin as failing to breach 6750 in 4 attempts (while making "interconsolidation" on 6.4 inbetween, so obviously showing signs of serious weekness once again, therefore, as failing to make higher high (or at least lowe high in current situation), Bitcoin will go toward 6550 level (while continuosly rebouncing over it) and "alegedly" trying to push through 6620 and as failing to do so, it will make previous low 6400, trying to breach 6550 and as failing again sinking towards 6380 and most likely deeper while altcoins keeps on deflating. My recomendation to everyone, like everyone is leaving into USD ONLY while downtrend doesnt reach at least 6280 then 6123, so then after situation unfolds, we can make further conclusion because of accuracy.
Do not rush with buys. Stay in USD, try to make swing opportunities 6464-6550, then 6380-6456, 6280 6365 and so on. But most simple way is just staying in US dollar while Bitcoin retest and makes NEW LOWS.
Be very careful if trading under these levels. I will provide aditional information regarding the dropping levels, but this time, Bitcoin is most likely (almost certanly) goes to previous lows (6100) and falls futher in the manner 5400-5750. Therefore, your altcoins will be worth 40% less at least (becase Bitcoin deflates over dollar) for 20% and your altcoins additionaly deflates over Bitcoin for addititional value (therefore) USD output could be very low.
Dont let yourself sink with your assest.
Cashout on time (if you didn't do it so far) do it, and leave it falling.
Don't listen to market makers and influencers.
Those who brags most, does least.
Good luck to everyone and don't rebuy prematurely.
The Bullish outlook for Bitcoin Long Term Who knows when BTC will stop bouncing between the top descending diagonal downtrend line on top of the MASSIVE downward wedge that many expect to pop. I think this is a fair play, you get two choices of entry depending on BTC, ( stop losses in this chop go 2-4% ), the targets are based off previous value zones that price has encountered stuck around by. There is a lot going on and even more going on in my head so if you have any questions, criticism ( I'm half awake ). I am open to it. Will still trade my plan anyway though ; )
Namnaste'
Bitcoin HTF AnalysisCOINBASE:BTCUSD Chart shows weaker and shorter bounces after peak in Dec '17. Combined with fading volume and low volatility leads me to believe we could see more downward movement. However, I am currently sitting flat and waiting for a better long entry as r/r for a short is not ideal at this level.
^ Here on BITMEX:XBTUSD I have marked my initial target.
I am staggering bids from $5400 to $4800 with hopes to catch a wick down. Should all work out, this is the area I currently plan to build a core long from.
BTCUSD output tests on falling channel !As you can see above, the small rising experiments in the big falling channel fail and come back. In this case, the decline will continue.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
Falling related BTCUSD H4 graphic
BTCUSD will continue to falling !When the price was on the hill, I mentioned in the graphs that price will falling to (6.5K usd) with graphics.
Price is 7.2K usd now. I think price will continue to fall. I draw red lines for supports at the bottom. However, these supports just constitute reactions. BTCUSD will continue to fall.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
PS make sure you give me a like , If you like this analysis ....
My other charts about BTCUSD falling trend.
BTCUSD Expected price and long-term graphical work
BTCUSD Short/Long-term scenarios, supports and resistan
BTCUSD : On H3 graphic supports and resistors with FIBO
Bitcoin - Searching for the LOW 2.0Hello Tradingviewer,
Thanks for your subscription and Likes.
Let's take a look at the bitcoin. Here the correction should be almost completed. In my opinion, the low should be in the range of $ 6800-7200. Due to the wedge, I still currently expect another low, whereby there is already a bullish version in the 5 min. Range. For this, however, prices of $ 7,680 would have to be reached today on Saturday, May 26, 2018.
You must assess your own risk-taking ability and invest only as much as you are prepared to lose.
Always mind the Moneymanagement, because 1.21% the money you do not lose, you can invest again.
As usual, this is not a buy and sell recommendation, but my personal assessment and opinion on the chart presented.
Greetings from Hanover
Stefan
P.S. Please keep your fingers crossed and share the info if you liked it, that's the currency TradingView uses to pay.
Upcoming rally for Bitcoin Hey Guys, We are finally coming to an end of a steep correction for BTC and as you can see, we are at the end stage of a falling wedge shaped pattern.
Currently, I have been analyzing the 5 hour RSI pattern which is indicating another drop, down to the red box region in 7700-7800 range. I will be monitoring the price when we reach that range as it forms a very strong support. You can also see that it is the .618 fib retracement region of the previous bull run, so you can be sure that most traders would be eyeing for that spot to go long.
I would not recommend a short play here, as the price can rocket up anytime between now and 7750$ price level.
Trade safe, I will keep the post updated on when I make my long entry! :)
Bitcoin bears comming? Rising WedgeHello everyone, I now post my first chart, so take this with a pinch of salt and make your own reviews :D
This Rising Wedge Clear As Day, im not convinced that we are still completely bullish, I feel we not have enough volume to break 9000\9100 resistance and we need to come down to 8500\8600 support.
Then lets wait and see now whats happend now :)
Looks like spring is overHey fellas,
I don't want to be pessimist, but looks like bullish momentum, at least for today upon the hourly chart, is over. Resistance line placed at around 8.1k looks pretty strong and actually rejected the up-trending rally towards 8.5k. Provided that the 50-day MA has crossed bellow the 200-day MA, which is a clear bearish market signal, it seems that the daily 100-MA is going to confirm today's bearish reversal by crossing under the 200-MA as well.
I think we've got to a good peak at 8.1k, but the dream is over. Sadly over. I hope I'm too stoned folks!
The Complete Trend Line History of Bitcoin: 2013-2018Just experimenting plotting trend lines using line charts. Starting from 2013 I will update following up to 2018.
Personally, I like this method because it removes the details that candles provide and gives you a straight-forward way to determine important highs and lows.
Let me know what you guys think.
-Wellwastedyouth
Bitcoin's New Floor At The Seven Thousand Dollar Mark?Hi there guys! I trust you're all doing well.. It's been a while since I published an idea, but I feel we're at an important level where BTC is concerned. On the chart you'll notice the underlying blue trendline I've been looking at for quite some time now, in fact going all the back to around the middle of July 2017. You'll also notice I marked and numbered each near-perfect touch of the line. And of course we can see that if we look at the bigger picture, the price action is following a very strong, underlying uptrend. Now, I don't know about you, but I've been seeing some really ridiculous projections of BTC going to anywhere from $4,500 to $3,000 (a popular one) all the way even to $1,000 ?? However, looking at my chart, I cannot find a single indication (from a Technical Analysis point of view at least), to support the argument of these incredibly low levels. There's just not enough evidence at this point, for me to believe that the price would go to those levels AND SURVIVE AN IMPLOSION OF SOME SORT?
In fact in my honest opinion, if BTC were to fall any lower than the $6,700-ish level at this point in time, like it did yesterday, there could be a real chance of BTC Imploding upon itself. The chart simply does not support such a scenario. If anyone differs from my viewpoint AND can back it up with a solid, visual Technical Analysis explanation, I would love to take a look at it. But until that happens, here's my opinion on where things may be headed.
BTC touched a very strong, major support at around the $6,700 level (Note I'm not giving a specific number, for the simple reason that it seems charts from different sources, differ slightly when it comes to exact levels) In my case, I'm using the chart supplied by coinbase. So here it is... I believe BTC's new floor is around the $7,000 level (based purely on the very visible, underlying uptrend) - From here on, BTC would need to move above (on my chart) the $7333.00 level. That would be the first hurdle to overcome. If it stays above that level, the next significant resistance to overcome would be around $8,556 (again, on my chart) A move above $11,544 would be a strong signal that BTC has resumed it's underlying, long term uptrend. Above $12,750 we'll see a very strong bull reaction upwards. This could take a while, but from what I can see on my chart, this would be my projection going forward.
I believe this current bottom trendline will keep BTC in check and above it, from where a new climb would most likely now begin, and go to, and through the levels I mentioned above. But my honest take on things as they stand now, the $7000 mark is BTC's new major floor, and this will increase incrementally, as time goes by (at least for the foreseeable future)
Please feel free to voice your opinion if it differs completely from my projection above, but then also please back it up with some solid Technical Analysis (A chart would be great)
On the other hand, if you agree with the projection above, please let me know by just leaving your comment.
Thanks for reading, and as always, this is not any kind of trading advice, it is merely my point of view on how things have been developing. You always need to do your own technical analysis, and trade accordingly. Trading will always remain risky. Trade safely.
Bitcoin: Should You Buy Now?Bouncing off of strong support, BTC should head to 7600-8050-8270-9150-9750 levels from here. A decisive close above each level mentioned would make the up-move stronger. If BTC breaks above 9750 in the upcoming weeks we may see the rejuvenation to 14500. Until we get a decisive close below 6000 we are safe to buy and stay invested.
Return of Cyclone 2Cyclone 1 started on 17-12-2018, we're seeing the same cyclone 2 already started from 5-3-2018
There are technical analysis and indicators too here, but not included.
What I see is further down, because BULLS are not capable of creating new resistance level, and are making new lower highs.
$7724 is critical breakdown point, if its broken we are down and great opportunity to buy.
Experiencing last few weekends, danger is coming.