BTC - Possible Pullback AreasThe price action of BTC on Wednesday and Thursday was crazy and unsustainable, BTC over the last two days has been pulling back, this chart shows my thoughts on where BTC may be heading.
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My BTC Chart for 12/08/17As I say on the chart I believe that the price action of BTC over the last couple of days has been a bit irrational and there needs to be a cooling off period.
IMO we could either see BTC drop back down near the trend line before starting another uptrend or grind sideways for a bit (consolidate) before making a move higher.
Of course, I could be totally wrong on both counts and BTC could just take off higher from here.
Bitcoin Short (H&S pattern + Triangle)Place Short on breakout signal.
Stop Loss and Take Profit on chart!
Long Term BTC 12 Months from today, $250,000 target!Long term Bitcoin prediction for 12 months from today. This is simply based upon the current pitchfork and guessing dead center, December 6th, 2018.
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Bitcoin Price could enter these boxes, be ready to build your Long Position if price reach it.
Is Bitcoin heading lower? (short term)Okay, so first I should say that I am still very bullish on BTC long term, I am just talking short-term movements here. There was a massive drop in price yesterday followed by a recovery of about 50%, but was that just a dead cat bounce? Will BTC rollover from here and head lower in the short term? To me there looks to be pretty good support between $9400 and $9800 but IMO if we break the $9400 level we could go down to the $8200 to $8400 area.
BTC - Possible price action over the next week or soThis is one possible scenario that I believe could play out in the price of BTC over the next week or so.
Bitcoin and Litecoin Price CorrelationThere still seems to be a lot of correlation in the prices of Bitcoin and Litecoin, I am pretty sure the same would be true for Ethereum as well.
I am not really sure why this is the case unless it is just that people are buying and selling the major coins and tokens based off of what Bitcoin does, but to me, that seems kind of strange. I know Bitcoin is used to make other purchases, so people buy Bitcoin (increasing the buying pressure), then use that Bitcoin to pay for other coins and tokens (so in a sense you are selling Bitcoin, increasing the selling pressure). It seems to me like if there were a lot of people buying Litecoin with Bitcoin, the price of Litecoin would be increasing but shouldn't the price of Bitcoin be inverse of Litecoin? I know also there are a lot of other transactions with other coins and tokens going on at the same time so that has to be affecting the price also. Most likely I am missing something really obvious and I am not really sure why I care but it just seems really interesting to me.
If anyone has an idea why this is the case I would appreciate if you would let me know your thoughts.
BTC Struggling to Break $8000BTC has been consolidating just below $8000 for about 24 hours. BTC has made about 4 attempts to break $8000 but so far they have all failed. Looking at the 15-minute chart BTC has now pulled back a bit and I am looking for it to stay above the recent low of $7536, if it does and puts in a higher low I would look for it to move higher and possibly break $8000. If it breaks down below $7536 in the short term I would look for further downside
Bitcoin 9.11 Hey everyone,
Yesterday As I published Bitcoin was closed to $7900 and as expected fall down that's why I always tell you to pay attention when you purchase Cryptocoins,
Today I see a divergence on the oscillators that don't confirm the Bitcoin rally it's for a very short-term correction soon will start making a correction upside and the volume keeps on increasing.
I recommend purchasing again when it will be on 6950 USD as I see at the moment if there will be a change I will update.
Cause It can save you a lot of money in the future.
I got a lot of messages last night about analysing Bitcoin, sorry if I didn't reply, I'm trying to give an answer to each and everyone so please understand me I wish I could reply all of you at the same time.
BTC Up trend more to come?Looks like the up trend from the $2980 low is not complete yet. Looks like more upside still to come ( Suspecting $6300 zone ) before a minor correction to the mid or early $5000 zone ( Suspecting the prior 4th low area labelled 4 of 3 )
Following this correction there should be one more new high before a much bigger correction ( Suspecting back to the late $2900 zone )
A firm break below $5700 will void this outlook.
Bitcoin Fibs for Target $10,000 by Jan-20 and Nov-5 target $7000These are my Bitcoin Fibs for Target $10,000 considering our recent level at $5800-5900 is considered a resistance level that will be no more than 61% retrace after hitting $10k.
I'm hesitant to state that we may break out of the current Pitchfork. We're near the upper edge now and if we to break out, we could really move up and I may have to update my pitchfork again in a month or two after we see the new trendline emerge.
Being that we're near the top of the pitchfork, we may go sideways and slowly upward for a bit with a slow increase until Jan-20th where we could still be near or around the $10,000 mark if we stay in the upper level (unlikely). Alternately, we may still bounce around between the top and bottom of the pitchfork until January and could hit a high of $8-10k while staying in the current pitchfork.
If we break above the pitchfork (I'm kind of thinking we will, which means the future will be uncertain. Great but uncertain and could get more volatile for a month or two after a rapid rise.
If we drop within the current pitchfork, currently we could see numbers as low as $3000-3600, but I'm doubtful that we will fall that far without some major event causing a flash-crash.
I feel we are very much on track for a November 5th target of $7000 coming to fruition and if this target is hit, we could see a rapid rally out of the top of the pitchfork, possibly jumping another $1000 to $8000 within a 24 hour period after that.
Bitcoin 1h Bout To Get Loose Bitcoin 1h lookin bullish AF right now:
- Consolidating at the end of an ascending triangle
- Kumo twist
- Kijun sen cross
- B bands tightening
Higher time frame charts look pretty dank also.
What more do you fucking want?
Conversely, a downward break out of the ascending triangle would likely head for the flat top kumo exactly at the $5500 mark, with the kijun sen and bottom of the kumo lining up in the 5450 range to provide additional support.
Find me on twitter for more charts, etc. @altcoinpapi
BITCOIN WAITING TO BREAK THE RESISTANCE ZONE !As we see bitcoin formed a resistance zone at 5600-5800 and now we have to wait to break it so it can continue the bullish trend !
BITCOIN SHOOTING FOR THE STARS ?! 7000$ We all know that bitcoin is the hottest market right now and today it gave the signal that the bullish trend is activ and very strong...
just broke the 100% fibb zone and the trend might go and touch the 200% now where the price shows 7000$ !
Bitcoin/US Dollar - Potential Short Set-UpPossible rejection from all time high resistance back down to the lower trend line. Confluence at $4200 price level from the 0.382 fib line and trend.
Market might collapse as Chinese government stops all BTC TradesHey Guys,
Due to the trading and exchange problems occurring in China (possibly due to their presidential elections next month), the market is facing lack the volume and strength.
I feel the whale money is being taken out of market hence the chances of collision have increased.
Recent EMA point, Low volume, and many other factors shows us BTC is not going for all time high as it has to go back to take support and rebuild its strength.
Its not the best time to invest and wait until BTC rebuilds its strength and be where it should be.
However, once the whole political scenario is settled, we will observe a very strong growth as shown in the graph.
Feel free to express your views and discuss on the same.
Happy Trading :)
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[BTC/USDT] Crucial levels 20:1 risk rewardThe graph starts early this year, so here we observe a very long sampling described by the EMA(50). Judging the high ATR and the staying of the RSI in the oversold position forms a very good recipe for an interesting week.
Observe the pennant in the next week, if price crosses up that's the buy signal, place a stop order above the highest of the previous day(following your own risk rules - I suggest 1 or 2% max cap).
Use the fib level as sell target, if it breaks up, a movement up to the $4900-$5000 regions is expected.
Market is just recovering from another "possible" "China Ban".
$BTC, downtrend, be patient, BUY SOON and fly to the MOON!We are going to face with a .618 retracement in the major trend down to 3000 in 2 days. Remember what happened back in 7/16? Yeah, I hear what what you're saying. It's time to BUY at this dip level before we take off to the moon. Make sure you set stop loss if you get in any above .618 fibo r. level.
The linear crystal ball chartWell it bounced.
At this point I cannot predict if it will. I do know that these 4 points are going to be potential pivot/lagging points that will give enough time to consider entering a position.
Small pull back to lead us higherAfter breaking new highs we have pulled back. I have drawn a new buy zone. A 50% retrace from the HIGH of the first 50% pullback that supported in this trend. In a heavily trending market like this you frequently get highs-highs 50% retraces instead of the more traditional lows-to-highs 50% retraces.
Daily timeframe target remains the $3200 area. FOMO top at $5000? See my prior posts.
