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Btcbullish

BTC a Contrarian?Hi, I believe anyone who has spend 6 months in the crypto market can say BTC is a contrarian asset, anyways I have sought out a short term bullish scenario if it helps. 1. IF and ONLY if we manage to close above 21 EMA on the daily and with it the weekly close also happens by Sunday, I believe we could see a short term relief rally. 2. Do not be fooled if this move reaches $8500 level. Why? Longs are largely leveraged right now. Guide yourself to Bitfinex's long and short chart. 3. Currently we are in a NO trade zone. Watch MacD closely. 4. Breaking into red box can generate a short opportunity AND closing above 21 EMA can open a long opportunity. 5. THE MOST IMPORTANT POINT OF ALL IS THAT IT SEEMS LIKE FUTURES MARKET FOR BTC IS CURRENTLY THE CONTROLLING FACTOR SO WITH THE WEEKEND APPROACHING WE MAY HAVE A CHANCE IN THE SPOT MARKET ONCE THE SELLING PRESSURE IS TAKEN OFF. Trade SAFE! **** THIS IS ONLY FOR EDUCATIONAL PURPOSES ****
Long
by groveguy
BTC/USD This is hard to believe but here we are.Good morning everybody, I did this chart yesterday and published it but forgot to take the lock feature off, so nobody got to see this at all. So here we go again. Here is a shocker for you! everybody is thinking down but that is what "they" want you to think. As you can see on this chart, we have a very complex wave count, the tough part was the last part in my count, it was the bizarre spike that we had seen with BTC not to long ago, which had me baffled for a period of time but anyways, since we had hit this bottom, the best I could come up with is called an expanded flat; very common, mind the spike. The good news for the bulls is that we have hit bottom, providing that this is truly an expanded flat. That means that we are now heading for higher highs in the coming months and naturally surpassing the all time high. Why? because this is just the beginning of wave 3 from the all time high. If you look at the chart, this is the second big wave for BTC . Why will BTC go up? That is a good question, I will answer that with a question. Is there any other coin that competes with BTC? Cheers!
COINBASE:BTCUSDLong
by keifer
8
$BTC: PROPABILITIES OF GOING UP ARE 80%Hello, today we can see that $BTC has formed a "W" Pattern. This scenario is valid because : -it didn't retrace more than 50% of Fibonnaci - The 2nd low isn't lower or as low as the first one (didn't break the neck line or made a double bottom) -We have a divergeance on the RSI This scenario will be valid when it will break the highest point of the last rise. The probabilities of going up are 80% (AB=CD Pattern) This scenario will be invalidated if be break the neck line
BITSTAMP:BTCUSDLong
by One-Up-Fx
8
$BTC TO 12.4K SOON$BTC is now forming a triangle as we can see on this chart, the breakout may happen tommorow. As we can see on the chart we got 2 main targets and a very optimistic target. $BTC reached the 50 % of Fibonnaci a couple days ago (7300 to 10500), we expect a rise to 61.3 % of Fibonnaci, which represents 11300 (first target), or , a rise to 78.6 % of Fibonnaci which represent 12400. Finally we got the 123 % of Fibonnaci (15443) which is a very optimistic target . The next rise will be the 3rd wave out of 5 waves. We got a BIG Bullish Divergeance on the RSI which make me very optimistic about the situation, post your ideas down below !
BITFINEX:BTCUSDLong
by One-Up-Fx
2