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Btcbreakout

Big picture, 1h, descending wedge.This is a rehash of a chart I posted on April 4th. This time I changed the timeline from 1 day to 1 hour. You can see a bit more detail this way. The chart is very simple. All I'm looking at here is how the price action is moving within this descending wedge and analyzing how strong prior supports have been and their association with fib retracement levels. As you can see, we did briefly breach the upper boundary of the wedge. But I don't think this is enough to truly reverse the trend. It is a good sign, however. Bulls are becoming exhausted. Support at 6500 is very strong. And we are just a few days away from seeing if this wedge is valid. What we truly can't guess is whether the price will break upwards, or downwards once the wedge is complete. Seeing as to how the entire market (even BTC bulls and shills) are talking about selling, I'd say that there is a decent chance of a trend reversal. And then a very long Cup and Handle may begin to form. We'll see. We are also seeing that the alt market is getting sick of being pushed around by the price of BTC. So, it's time for BTC to either be abandoned entirely so the superior tokens in the marketplace can thrive, or it's time for BTC to adapt and the price to at least stabilize and trade sideways / improve. Otherwise a day will come when it's too late and every other coin abandons BTC as their primary trading pair in favor of Tether or fiat. This would seal BTC's fate as the inferior token (which it is) and the market would move along without it. But this solution (which appears to be inevitable) will be a very long and drawn out process. It would be much simpler if we continued to use BTC as an intermediary token for the time being. In order for that to happen, it needs to break to the upside. If it's incapable of breaking upward, I'd go full Bear Mode on it. The lower BTC gets the more likely it is that it will not be able to recover. And, the more likely it is that Tether and fiat will just fill BTC's role and we can finally be free of it's toxic influence over the markets. People are noticing, and getting very tired of BTC's market dominance. More people are coming to adopt my view of BTC (as an inconvenient requirement to acquire superior coins). If BTC falls below 4,500, I won't be trading it anymore and I won't buy back into it. Instead I would have to keep my money in fiat and wait for the coins I actually want to invest in to become available for purchase using fiat. This could take years. Hopefully the faster method makes us all a bit of money. Good luck out there. Also, remember to Keep it Simple (stupid). :-p
BITFINEX:BTCUSD
by VanBenno
The Rise, Fall and Rise of Bitcoin : BTC's Possible Scenario'sIts been a good postive year beginning for Bitcoin so far comparing last years market trend. Currently we are seeing Bitcoin in an upward movement with a good bullish trend. In the short run it seems it is having so many different outcomes. When we see the trend created in the past few days its an ascending triangle which is also a good bullish trend indication. This triangle usually appears during an upward trend and is regarded as a continuation pattern. It is a bullish pattern. Sometimes it can be created as part of a reversal at the end of a downward trend, but more commonly it is a continuation. Ascending triangles are always bullish patterns whenever they occur. BTCUSD has broken its major resistance level at around $5735 after such a long consolidation period which comes after a low level at around $3180 USD from its all time high of $19900 point which happened in mid December, 2017. Today in some exchanges we have seen Bitcoin hiting its intraday high of $6130 and is currently trading around $5800. But the overall trend is bullish as long as the support at around $5200 is secured and it is clear that it is in a major trend reversal after keeping above the 300EMA. Our major supports for now are around $5440,$5200 and $5040. If it closes specially below $5040 we might further see a correction which might further go deeper upto the level around $4500 level which is the area of our 200EMA. If confirmed higher than the $5500 buying partial might be taken as a smart move but it still seems risky and couldn’t be taken as a confirmation long postion since it might be a trap made by a small number of whales in the market. Further as it is shown on the 1 day chart we have 3 higher high peak points which seems a strong and bullish behaviour of todays market trend trading above the 10EMA line for the shorter term view. When we come to the short term prediction we may encounter with so many outcomes and scenarios that can happen in the market. From these scenarios we will discuss the bold ones as follows. Scenario 01 : We might see one last downward impulse move to start a correctional retrace movement before we see any further bullish trend to get more strength until the next rebound to break the resistance at around $6200 level. Scenario 02 : We might see an immidiate retrace after seeing a 5 waves elliot upward move. Scenario 03 : We might see a further downward movement towards the $4500 area to see a correctional 3 wave elliots pattern as stated earlier.
COINBASE:BTCUSDLong
by cryptotalk_et
BTC One Monthish Forecast. (Continuation of previous Harmonic)The green boxes meant as targets and zones of interest that can slip to support, have not changed. I just have been going over some scenarios and with the confirmation of quite a few fibs this is a very real Long Scenario. It wont happen fast. There will be ups and downs in between we can discuss... but this is what is happening. We keep climbing. We will test supports gained later ; ) Right now is a Giant BULL IMPULSE. I am a fan of creating boxes between two levels that I like. Anything else that is marked are refined points of interest... IP Man- Wing Chun.
BITFINEX:BTCUSDLong
by SKYLOBSTER
Bitcoin's Next Moves after previous awesome TABitcoin is being Crazy from some time now. Here's some TA over Bitcoin after previous one's which i don't know how they gone right they just gone. Enjoy Benefits. So Bitcoin is being in a bit bearish trend if our luck is not good then maximum Bitcoin will drop 7542$ and if it will drop more then that then we have one more support level on 7310$. And if it will go up then these are the targets on upward momentum. T1 : 9190$ T2 : 9590$ Remember i am not your financial advisor so be careful with your own stuff only put that money which you can afford to lose. Like = Preys for BTC now. BTC is following exactly as we expected and told in previous TA. Follow for more awesome TA's and till enjoy and take profits.
Long
by BitcoinBillionairesNews
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