BTC/USD LONG SET UP TO THE MOON)BTC/USD BUY LONG
ENTRY 1 $9,568
ENTRY 2 $9,368
SL $8,995
TP.1 10,040
TP.2 10,268
TP.3 10,540
TP.4 10,840
tp.5 11,000
Downside areas of potential technical support related to both of those levels include the 9269.57 and 9389.28 areas. Additional areas of technical support that traders pushed BTC/USD below during its depreciation late last week include the 10149.22, 10095.40, 9887.63, and 9816.32 levels. The current phase of price consolidation has traders evaluating additional areas of potential downside technical support. Notably, the 9010.07 level represents the 61.8% retracement of the move from 10545.43 to 6526.00, and may provide some buying pressure when it is tested. The reversal of the pair’s recent ascent through and above upside price objectives could see some of those areas become potential areas of technical support. These levels include 9370.10, 9322.05, 9203.36, 9169.41, 9078.05, and 8880.87 among many others.
Bitcoinmoon
BTC-XBT/USD If you haven't been following me...Hey there Crypto Lovers,
This is another post up by Crypto Gavin. Hope you are all doing well, cause Bitcoin is. If you haven't seen my first post with the next many months worth of predictions in it you need to go back and check that out and look at the difference between then and now with the graphs.
I have removed a lot of the text bubbles as we all know what exactly they are. They are the time markers corresponding to the key dates in 2017's bull run and bubble pop. As you can see we bottomed our downward trend just before Christmas, and as of the 5th of January (which would mark the confirmation of the bubble pop in 2018) has signified the bullish strength that i have been looking for in this market for quite some time now. And look at what we have had, 3-4 days worth of Solid Green Candles launching Bitcoin from the $6750 all the way to the top of $8450!
I had my longs in and i hope you did too. Trust me 3x-5x leverage is plenty when you consider the gains you see overall. DONT OVER-LEVERAGE YOURSELF AND GET STOPPED OUT EARLY OR WORSE... LIQUIDATED.
The Trend is your friend until the end. My Trends have been i would say damn near perfect for 6 months straight. Drops down to the $8050 mark which would be the low end of support that we would like to see and that hold strong and this trend is looking EXTREMELY BULLISH.
Drops down to the $7750-$7950 range would indicate some weakness in the volume and market overall as it would show almost all purchases and trades are being done by HFT bots.
Seeing that we are sticking above the $8300 range for now is holding very nicely but do note that our RSI is overextended now sitting at around the 79-80 mark, 70 indicating overbought.
What i would like to see is this trend cool off a slight bit, give the RSI a chance to come back down into a neutral level while going sideways for a while allowing any profits to be taken by bigger investors plus new orders or dollar cost averaged orders to be filled before a next leg up. I have 3 long orders set from the $8050 mark to the $8300 mark to be filled if we do decide to dip that low that will give me a roughly 3.5x Leverage on the trade and a liquidation point at about -$4k below current market price.
Dont be left out riding that Short Position all the way to Liquidation Town next to whiners-ville. Close it up and Put that Long in because we are in for the next Bull Run!
I will attempt to get another post out every week to keep an updated chart going for you guys.
All the Best,
CryptoGavin
(Remember all of these statements are to be used as educational content and not to be used in any way shape or form as financial advice. I am not a financial advisor, although i do most likely know more about Technical analysis and cryptocurrency than your financial advisor haha)
Exciting weekly close soon on BITCOINExciting weekly close soon on BITCOIN
I am pretty sure if this weekly close above or equal to 9111 it will generate a new green candle.
And maybe this is the week for the 10k. I am very convinced that we will se lower levels.
Please check my other post. (We are in a uptrending consolidation.)
Above $11.750 = Fireworks and rockets.
BTCUSD - ///Moonshot\\\ What now?Regarding my last update from Feb 24 an upmove was not surpising for me. But i didn´t expect this 1.000 $ moonshot.
Is the bear market over now? The bulls took an advantage and "killed" a lot of bears, we broke the strong resistance
with a mega candle, but we didn´t neutralize the dump days from nov 18. I think we have to be careful now and
should not buy in blindly.
I expect a consolidation at the current level and a final upmove with a maximum in the area of 5.600/5.700.
After this consolidation time bitcoin will come back to the support level near 4.200 $ and then we have to read
the chart again.
Please leave a like or a comment!
This is not an investment advice, i just want to share my thoughts and strategy with you.
Updated bullish outlookI'm still maintain idea from beginning at the year, that we are just started bigger bull run up to 18000 and it's accelerates very fast. Mainly people will realize one thing, that there really is and can be only than 21m BTC/USD and even if i do belive that bitcoin as a utility was fine at price level 200$ it will be attractive to more people at higher price.
At least this bull will driven not with pure speculation but real world adoption, and it think we would see third one before 2021.
Bitcoin to New HighsPast Bullish Ascending Triangle Resistance line to the recent ascending channel's support line. As price reached it on August 2015, it lifted into an uptrend. A new bullish pattern could form soon with target to the past resistance ...(can use Fibonacci extension levels from the Fibonacci Retracement tool)... that came after the support of the Bullish Ascending Triangle which had in December hit the ~$19,000 price.
BTC–we are in the uptrend tunnel. Positive regulations in Korea.Hi Guys.
As we predicted in our previous analysis we didn’t fell below $5800. You will find this analysis down below.
We are currently in a weak uptrend. Still lot’s of uncertainty on the market mainly due to lack of regulations.
There are some good news regarding above mentioned.
According to Korea Times, a number of lawmakers across all political options want to regulate cryptocurrencies and ICOs.
They even hold extraordinary session of the National Assembly between 13th and 16th of July to address the legal status of cryptocurrency and regulatory guidelines for crypto exchanges.
Their aim is to establish guidelines for all cryptocurrencies actors and further make it law.
Rumour has it that they want to proceed this new law before official G20 Summit which will take place in Argentina on 19-22 July 18.
If the rest of the countries will agree with them it might be massive break out.
The only thing which pauses financial institution from investing in crypto is lack of proper regulation. Stay vigilant during and right after summit in Argentina. It may be breakthrough.
Let’s get back to the chart.
Guys we are low but in slow uptrend channel. We bounced off from the $6250 and the chart crossed also SMA6.
Let’s wait till SMA6 crosses SMA20 for the confirmation.
Technical analysis details
Channel: Levels to break: $6500; $6700; $6950; $7200
MACD: We are heading for bull’s cross
RSI – strongly oversold – look at the history: each time this indicator is on oversold zone price of BTC goes up
Gann Fan – we are crossing 1/3 level heading to ½. Still too weak for safe trade
Weis Waves – not much demand yet – we have to wait.
To summarize – we have still one week till summit. We hope to get positive outcome from there. We are really low at Fibonacci scale.
It's time to go up finally.
Please do share your comments down below. Do you have also any expectations towards G20 Summit? Like it? Give a like. Want updates? Click follow!
Thank you for being here. It is great to be part of our community. :):):D
HUGE Hugs!
WBM Team
Bear Trapbreaks the support level and closes below it
or break the support level but that closes above it.
Right after the bear trap candlestick forms, price tends to move up.
A bear trap chart pattern is a bullish signal.
This signal forms when price hits a support level and pretends to break it only to reverse and head up.
So you should be looking for a bear trap chart pattern when you spot major support levels.
A Bearish Bear Trap Candlestick Breaks And Closes Below A Support Level
But the Next 1 or 2 Candlesticks After the Breakout Are Bullish Reversal Candlesticks or Show Bullish Momentum.
Next time, when price comes down to a major support level and any of these bear trap chart patterns form, you should be watching the bear trap candlestick as well as what type of candlesticks form after the formation of the bear trap candlesticks.
These will give you the buy signal you need.
Bull and Bear Traps warn chartists that a signal is failing. As the catapults show, these traps are early warning system that can also fail. When looking at a Bull Trap, look at the size of the congestion zone and identify support. A pullback that holds above support could be just that, a pullback. When looking at a Bear Trap. Identify congestion zone resistance. A bounce back into this resistance zone could be just an oversold bounce. Chartists should employ other aspects of technical analysis to confirm signals on P&F charts.
*DISCLAIMER*:
I am not a financial advisor nor am I giving financial advice.
I am sharing my biased opinion based on speculation.
You should not take my opinion as financial advice.
You should always do your research before making any investment.
You should also understand the risks of investing. This is all speculative based investing.
Bitcon 8800$ rebuy, wait 11500, SELL. 30% PROFITBitcoin had no single correction so far as trying to breach 10500 resistance line, starting "run" from 8800 and forming triple top (maybe quad as well) which is absolutely one of the bearish indicators.
As obviously having problems to handle with 10500$ resistance and pumped 200-300$ over, trying to "leave an impression" of being absolutely bullish by any indicator , even pumped it could not break it (since the "guys" doing this pump won't be spending their money only), they are counting and relying on other traders to "bait" after (apparently) normal rebounce in "bullish" environment (this is not bullish, since we are still in bear market, this is bullish short therm run which will end up falling only).
Line of this (artificial) trend has been placed 2500$ higher then in "regular" (normal) scenario (probably because of % gained during swings) as trying to "persuade and deceive" people in order to "accumulate" more, so it could have more strenght for rebounce to 11,500$ (maybe even 12.000$), but certanly not far from that which will CERTANLY END UP FALLING.
We should probably look for a potential rebuy at 8800$ (as being new trend line) and also use stop/loss at 8400$ (just as a precaution), even we are " aiming" 11,500-11,600$ output price, which would be like 30% profit.
If that correction we are expecting doesn't " occur", i would not suggest "dealing with this situation", maybe short swinging with stop/loss again (but aiming for 11.000$), because this price is also unsustainable as any given price above 8000 level, because price is uncertain while being pumped.
Once again, don't get tricked by this Bitcoin manipulation, use this situation in your advantage.
Rebuy at 8800 and cashout at 11.500$ so we can determine in which direction market is moving (it will be probably downward pattern only) while taxi drivers and hair stylist shooting messenger with " Bitcoin to the Moon, new price record, 40.000$, 100.000 $ and other absurd scenarios), because time has come for WIDE CORRECTION and nothing but BULL TRAP on 11,500 level (12.000).
Don't let your self sink with this Bitcoin after 11.500 price level.
-This is not financial advice, it was meant to be used only as subjective speculation regarding this very tricky and deceptive situation.
Good luck
BTC: Potential Swing Trade Entry?Tightening equilibrium pattern on BTC. Getting close to a flex point. Must see a break. Saw Bulls attempt a breakout today. However, lower highs returned. Still, BTC is currently in a healthy consolidation after morning bull break.
BTC needs to get over $11,690.00 for clear Bull Break. $10,853.00 and $10,850.00 is a double bottom.
IMHO, BTC setting up for a great swing trade entry.
#BITCOIN update +235% target $53915 by Feb 20th 2018Update on Bitcoin projection after the current drop off. The last week or so we've seen an inverted C&H formation lead to the crash to the lowest lows we've seen in a while.
However, if you look at the chart, you see that Bitcoin was bullish with a bullish flag forming, but that bullish flag changed into a bullish pennant. This is a large bullish pennant and requires looking at the daily chart to really see it. The bullish pennant tells us there is a high likelihood we'll see another large rally, equal in size to the last one.
The two light blue curves show the last small rally and the likely recurrence of that rally which will send us out the top of the bullish pennant to begin our new rally.
The rally should rise +235% which is equal in size (percentage) of the last rally we had starting on Nov 11th and ending on Dec 16th (34 days total).
You see that I draw a date and price range square with the total 34 days in the future and +235% in height. This gives us a projected dollar amount of $53915 as our target.
Keep in mind, that my targets are often off +/- a few days, sometimes a week or so. And the height of my targets come close, but do not always hit the top of the projections, so if you want to set some more closely estimated targets, I'd set them at 10-20% lower than my projections:
My projection for new All Time High (ATH): $53915
-10% target for ATH: $48500
-20% target for ATH: $43100
For a stop loss, I'd put the stop around: $12700 (bottom of the ichimoku support cloud, see red dashed line for stop loss position)
After reaching our new ATH at $53,915, we will likely fall quickly back to the 61% Fibonacci retracement line or about $31000