Bitcoin January Monthly criteria for Bull rally.This chart establishes monthly criteria to flip bullish based on price levels and volume.
Current trend is still down since December didn't close above 9.2k
January need to close above 7560 to be considered bull monthly uptrend.
Coinbase orderbooks show serious Bid (buy) support from 6.3 to 5.5k range. Since we didn't see visible volume spike on weekly and monthly it is possible we have more downside to capture liquidity (stops, liquidations and panic sell) and then prop price up for a bull scenario like this.
Btc-price
BTCUSD Price Analysis - Smart Money ManipulationHi all. I mentioned yesterday how smart money manipulates the market at certain areas. This is one of those areas where manipulation happens crazily. Tons of BTC coins are bought then dumped!!!
Many thought the price is going to rocket up from here but our descending triangle had been broken. That is a powerful signal. Price was pushed up to lure many short-term buyers in going long. It was all manipulation.
We remain BEARISH in the short-term!!! :-)
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BTC Price Action mirroring Welcome!
Bitcoin is currently mirroring the move it had down. I have marked the chunks of candles in colours so it's easier to see. If we see another drop down to 3500-3600 I am looking to go heavily long there. 3600 is also the 1.618 bullish retracement fib using a fib-ext from the previous green top to red bottom to yellow top.
This is lining up perfectly with a 1st of January push, which could make sense because of tax etc.
Trade safe, stay hedged! I will keep updating the post, so stay subscribed!
UPDATE - LTC Analysis Based On Measured Move and Fibonacci.LTCBTC has been holding quite strong despite how other coins have seriously dropped in prices. However, this coin has the potential to fall more based on some little technical studies.
We found this analysis on two measurements.
1. The 38% and 50% Fibonacci retracement levels: You will notice a support and resistance were formed at 0.00759 and 0.00985 on the 10th and 24th of September 2018 respectively. The mid-price between these two prices is 0.00872, and as seen on the Fib. levels, LTCBTC tested the mid-price (50% Fib) as resistance on November 5th. The same case goes for the 38% retracement level as LTCBTC tested it as resistance as well. This was necessary for LTCBTC so it could gain momentum to break the support at 0.00759 which has occurred.
2. Another study is the Measured Implication which seems to have played well on this coin. Measured Implication or Move is the equal vertical distance between lines A and B, projected downwards to line C. LTCBTC seems to be giving us confirmation that this process may play out. When the measured move is calculated, the price is 0.00533 which is extremely close to our target/support at 0.005346 formed on the 4th of Dec, 2017.
This is a weekly chart, so it may a couple of weeks to play out...if we are lucky.
What are your ideas on this coin? Please share.
Bitcoin as a TOP CoinBitcoin has today jaggedly veered between below $4,450 and $4,630; as of press time, the top coin is at $4,517, down 0.4 percent on its 24-hour chart. After a further sell-off brought Bitcoin to as low as $4,300 Nov. 20, the asset has traded over the past couple of days circling the $4,500 mark.
On the week, Bitcoin is almost 18 percent in the red; monthly losses are at a grim 30.6 percent, according to CoinMarketCap.
QuarkChain (QKCBTC) BULLISH SIGNAL HUGE 60% POTENTIALQKCBTC 682 SAT (BINANCE) CURRENTLY 4% UP
RSI 40
MFI GREEN SIGNAL - OVERSOLD
MACD OVERSOLD BUYING WILL START
TARGETS 800 - 922 - 1119 (week time) - 30-60% profit in 7-14 days.
STRICT STOP LOSS FOR DAY TRADING OR 2-3 DAYS: 600
LOOSE STOP LOSS FOR ST & LT: 530
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$5400 Buy Opportunity Tomorrow?! [BUBBLE UPDATE]Hey guys. Update on the old bubble coin. I mean bitcoin <3 Its in free fall again. At least for now. I'm expecteing to buy back in early this week around $5400. Ride it back up on even lower volume and sell off at 7300 territory mid summer. I'm still a believer that we need to retest this major trend line on the log-scale before we can make higher highs. Might be a while but thats just how it is sometimes. Hope everyone inst too hurt. We are riding a bear but we'll tame her. Best of luck and Digibybe > EOS <3
With Love,
No_L
Bitcoin Tightens! Short Term Price AnalysisBitcoin Has Been Slow At Best Recently, Traders Have Been Ignoring Bitcoin & Looking To The Alts & Other Markets For Better Trades.
The Market Is Still In The Process Of Discovering If The Recent Low of 7k Is Going To Hold & Trying To Decide If This Potential Reversal Is Sustainable.
BTC Has Struggled To Break The Resistance Zone Outline, But Has Made A Series Of Higher Lows, This Pattern Is Bullish & Is Known As The Ascending Triangle, However There Are More Bearish Patterns Forming On The Longer Time Frames, Making Me Neutral For Now.
BTC Has To Decide What Way It Wants To Go Very Soon As It Draws Closer To The End Of The Triangle, A Break Up Should See Us Reach The Target Zone Fairly Quickly, But A Break Down Would Put BTC In A Must Hold Zone Highlighted In Grey, A Break Below This Area Would Signal A Trend Reversal & Likley To Retest The Lows In The Low 7k Area.
Im Not Trading BTC Right Now, But Using It As An Indicator To Help Pick My Entry's on The Alts, All Trades Are Very Short Term & Im Quick To Take Profits At This Point, Until We See Conformation That A Trend Is Established.
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This Is Not Financial Advice
Dash/BTC Will The Bears Win? Price Analysis Dash Has Been In A Downwards Descending Triangle Since The Start of The Year & Holders Will Be Getting Nervous As Dash Is Forced To Decide Which Way It Wants To Go.
As We Edge Nearer The End of The Descending Triangle Dash Will Either Break Up or Down, And If Dash Breaks Down It Will Go Below A Longer Support That Has Been In Place Since April 2017.
I Have No Doubt The Price of Bitcoin Will Have A Deciding Factor On Which Way It Goes, For Now Its A Wait & See.
I Would Not Be Surprised If Dash Broke Up Out Of The Triangle & Just Gave us Some Sidewards Action For A While, A Break & Close Below The Support Would Have Me In Full Bear Mode For Dash In The Short Term.
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This Is Not Finacial Advice
EOY BTC Price Prediction MovementsThis is meant to be a very simplistic and rough view of how BTC will move for the rest of the year. Actual peaks and troughs are chosen from current and potential resistance/support areas. The timeframe of these movements is estimated--give or take several days--with an end year goal of $25,000. This is a conservative estimate. Bulls may come in sooner and faster.
Ignore the elliott wave . It's not really meant to symbolize anything.