BTCUSD formed bullish Shark | A good long opportunityPriceline of Bitcoin / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 7150.23 to 7015.36
Sell between: 7264.54 to 7528.54
Regards,
Atif Akbar (moon333)
Bitcoinupdate
#BITCOIN : The Rise And Rise - Where To Go Next?#Bitcoin_Update
After our last signal on Bitcoin stating Bitcoin is on the way to confirm an inverse H&S pattern it did managed to do so to breakout from the area for a test on the major resistance line at 12871 USD and rejected at around 12830 USD area for now for a possible healthy correction. We still couldn't say we can tell the exact possible targets for an impulsive elliott waves but we are still in a bullish trend for Bitcoin. It is currently holding above the 11758 USD support area for the short run. In the short time frames a rising wedge triangle is trying to form and looking for a further break out scenario. Since we are in an unconfirmed state of trading on Bitcoin there are many possible outcomes to happen but we will see the major scenarios that we think we should consider while trading.
Scenario 1 : This is our prediction which holds the most possible scenario to happen on Bitcoin for the short run and is it will be heading first the resistance which it was rejected and will most likely breakout if it can hold its support at the moment and will likely be heading to test the yearly high of 13.8K USD area. Psychological impact all over Bitcoin's trading area's is making look the trade more bullish than it was by the past week and major indications for a bullish run are still active showing that there is still possible bull runs from Bitcoin.
Scenario 2 : This is the scenario in which we still believe that Bitcoin will need one more major correction but after the developments we have seen on Bitcoin by the past 10 days the correctional idea is becoming lose energy. The neutral triangle formed after the bull run to its highest price level till today is having tested and trending and need to see the outcomes after seeing the possible resistance-support test of this major triangle. We will further give more updates once after we see a good indication on the trade after the end of the possible move from the triangle.
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TeamTWA
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Bitcoin : To The Long Awaited 10K level. Happening Now?!#Bitcoin_Update #4H
After all it seems we are in a bullish scenario and the bears are currently seems to be losing it at all. Currently trying to reach and pass that 9475$ area and it did tried to reach there with only a $10 less price levels. Every single setup looking to be perfect for a breakout and a bull run for the short term.
Indications:
MACD : looking very bullish crossing each other in favor of the bulls at all.
RSI : Very perfect place to be said in a bullish move right now at around 66 which is showing a good incoming volume to the market.
Candle Stick : Even though it is not in a down trend in the 4H chart we have seen a dragonfly bullish doji candle formed before 8 hours. And the current candle stick also looks very bullish and all the 3 candles formed consecutively are showing a surely bullish trend for a break out towards the next resistances of $9750 and $10000.
Pattern : The triangle formed by the past week is breaking out and showing Bitcoin has a very good potential for a breakout towards for the long waited 10K level.
EMA : Showing a bullish scenario happening right now being below the current candle which will be taken as an indication for a bullish upward trend for the short term.
Conclusion :
We expect Bitcoin will be on the way to the $9750 and 10K USD price levels by the following 3 to 4 candles if it can close the current candle above the $9475 area.
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BTC Update : H&S Creation For A Test b/n $58XX and $63XXH&S creation seems to be building on the 4H chart. As we predicted the day before yesterday Bitcoin is on an Elliott correction wave and it is already showing at least a short term bearish behavior. Unless we see some miracle contented move by the bulls it seems its a must to test the support area between 58XX USD and 63XX USD.
Note : Bearish trend not yet back again and downward trend will be confirmed if it break the support level that is depicted by a red circle and blue horizontal line in this chart.
More updates will be available soon. Stay Tuned With Us.
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BTC : 90% Mid Term Profits Achieved.Dear TWA subscribers its been a while since our team posted technical analysis forecasts here in trading view. we are glad you are still here with us while we were not doing our telegram trading channel on an active basis. This is mainly because of the market behaviour we have seen in thw last few months in addition to the works we have been doing specially related to our newly blockchain project which will make our service the best of all times. As we tried to explain it to you in earlier posts we are also doing fully studied and well organized trading tutorial materials which are going to available in few weeks. Our trading tips and signal posts will start to be posted in the very near future with our analysis team (in which brings additional well know traders across the globe.) We are still confident that our services were one of the best trading analysis teams and we will continue to give you guys the tips to gain high profits in short days. We would like to apologies for our passive activities regarding our services and we are looking forward in a postive angle that,you, our loyal subscribers will grant us a positive note on our apologetic approach. Let you give us your opinions on our services anytime as usual and we will be there to give you replys regarding any of your demands. We will post our weekly post schedules this week and services will start to be given again in an active manner.
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#Team_TWA .
Regarding our last call on Bitcoin we achieved almost 75% profits on our midterm prediction in around 90 days. Our Mid term target on from mid December is already achieved. A total of 75% profits and for those who waited patiently a total of 90.6% profits in just 3 months.
Bitcoin Latest UpdateFrom its ATH at 20K to its recent low at around 5.8k area Bitcoin seems is creating a clear ascending triangle and it still will continue to consolidate inside the triangle. By this, since our likely forecast on bitcoin yesterday and is already going down searching for a stronger support. It seems it will touch the ground for the depicted traingle in the following 2 to 4 days and will most likely again started to the resistance line of the triangle around the 7.4k strong resistance. This is actually happening because of the ETF's delay till Sep 2018. Further we predict that most probably Bitcoin will likely rebounced again towards the base line at around 5.8k and on the uptrend reversal happening at those moments the breakout of the ascending triangle might show us a good higher highs.
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200EMA VS .618 Fib Game On, Cash Is KingHere you will see what needs to be watched to answer them questions floating around inside your head. Do I hold do I sell, do I hold my alts do I sell them, Whats next.
Ok at the moment the bitcoin is holding on by a thread to the 200EMA, it's bouncing off this and going up to bang on the .618 FIB......
Who's going to win the fight, let's bring some clear factors into play.
Money into Bitcoin daily currently is on a decline and money getting taken out of the market has increased.
How do we expect a bull run without volume and momentum, Bitcoin needs some miracles of strong fundamentals to break the .618 FIB or unless the US is still in bed and haven't opened their wallets yet.
Once we break the 200EMA here is what I will do, I will close my Alt trades temporarily as they will see a sharp decline the same as 2 days ago when we broke low on the same 200EMA. I will then rebuy and trade again when we hit next support down (black lines)
Now i would advise everyone on their trading view accounts to create an alarm for the daily chart on BTC and set the alarm to alert you when the BTC crosses the 200EMA. Also just incase somehow (unlikely i think) we break the .618fib set a second alarm at it's price which is shown as the blue line off to the right of the chart, set it at $9432.
Yesterdays close was interesting and had bullish tendencies as we had some heavy buys come in but this weekend can't support it i believe and we will fall again.
So 2 alarms set and you won't need a update until either 1 of them alarms ring then we will know direction.
I hope you liked this it's simple as today's position is simple and nothing complicated about BTC.
Cash Is King! Yesterday we had a number of successful trades we are only aiming for 4-10% a day in these market conditions but feel free to join in on trades.
I put some of yesterdays trades below in related articles for you to view and see results.
BTC CRASHES $3000 Potential + Binance UpdateHi Traders,
As you can see on BTC we have broke the main support the RSI displays loss of momentum and we are seeing huge sell offs.
We have support at 9289 which is where the 200 day ema lies and the .786 FIB.... Will this catch us??? Depends on the market buys at the moment with loss of momentum no it won't..... the likelihood of hitting 6K is very real.........
WEe will have strong buys lean into the market at 6K which should give us a nice bounce.'
BTC had to crash to create a strong support to continue up for the rest of 2018.
If we don't get buys at $6,000 YES we will go to $3k......... this is the next support.... time to short people!
Binance update loads of drama please see their announcement below
BINANCE ANOUNCEMNT
PLEASE READ Regarding Unauthorized Market Sells
We are investigating reports of some users having issues with their funds. Our team is aware and investigating the issue as we speak.
As of this moment, the only confirmed victims have registered API keys (to use with trading bots or otherwise). There is no evidence of the Binance platform being compromised.
Please remain patient and we will provide an update as quickly as possible.
Edit: Withdrawals are temporarily disabled at this time.
Earn and Learn Follow for more.