High vol accumulation pattern w/ triple bottom presented.
Dear Traders, I've posted some other TA about BTC before (which I will link under this Idea) showing a potential reversal point, and BTC indeed reversed very close to my entry. On this daily chart we see that a Bullish Divergence got formed (Price makes a lower low, but RSI makes higher highs), and it got confirmed by more buying volume from the bulls. This looks...
Comparing to the 2015 downtrend.. RSI hasn't tested the bottom again yet Trend lines don't point to an end of the downtrend yet Fib analysis shows current low point at the 3 level.. but I'd bet 1.618 would be a more likely bottom.. Good luck :)
What's coin on guys? More and more indicators are showing the bounce is very possible here in this levels, just above 200 MA. You can find divergences on a lot of time frames, including weekly. Not sure if bounce will happen, but with majority of people convinced we are going down, possibility is greater for me that BTC is about to squeze al short possitions opened.
The bottom is confirmed. open.spotify.com
As long as the price holds above 3350 on Bitstamp I think we will see a relief rally to $3650. There is a distinct possibility that we have put a bottom in for 2018 since the price came so close to the resistance and the $3000 psychological level. Many had predicted a bottom at $3200 as well. As I mentioned in the related post on the weekly chart linked...
I think the red line is more important than purple line, the previous drop to 5850 (not 5450 as you can see). This is the bottom.(Just an idea)
We can see that the big blue triangle was broken at 6k$. This pattern should lead us to 1812$. Moreover 1812$ will be -90% from ATH and as we know btc is usually corrected on 83-93%. However in short term we could expect a rebound to 5709-6101$ after which one the price will try again to achieve 1812$
LongTerm BTC, chance to break lower temporarily, up to the market to decide. Our gut and market sentiment tells us we will go lower, but we don't care because we are bullish longterm
Vertcoin looks to be basing out here, 10k sats strong support & definitely a good area to start those buys ready for the next cycle, I will be targetting the 1.618 in next cycle. Roughly 150k sats
follow the trading view app guy on twitter and Ed Bugos from the Dollar Vigilante. Stealing their idea
- Price going down along with decreased volume - Then volume started to rise and price started to finally fight - Probable bottom found and bought around this levels. I'm aiming for that taking profit zones and their % relative to my entry point.
One of my possible counts for BTC This is my bearish count where BTC is forming an expanded flat Projection roughly: $8300-$8550 Let me know what you think!
fib time based on past trends on x axis and y axis
Don't get sucked into the momentum yet. Just look at the same lines I have here that everyone else is drawing. Approaching the $8400-8800 level where we have the highest volume profile that we've ever had. The approaching price area has the highest volume of sales in btc price history. Hold onto your boots, I see a lot of people claiming the bottom is...
After a good discussion on the Chart-Attack group (Telegram), thanks to one member Urban V, I'm more convinced of the above possibilities. What we have in this chart is Grand Wave (impulse) shown in red. In pink is the mini-wave which is forming wave 5 of the grand wave. The pink is scenario A, and you will see a possibility off that in a dark purple, which is...