Btccorrection
BTC Daily 30.08.2018, normal correction , let's see our support6750 first levels of supports i think , let's see if we resist over :)
Is Bitcoin crashing? Are we going to ZERO? Is it Panic Time?Daily BTC Upadte
I don’t think we are crashing or Going to Zero.
In my education piece yesterday, I said I thought there were a lot of people trapped in losing positions up higher, some of them I think I getting frustrated and getting out. I actually predicted this in my fist BTC post on TV
“If we break the 200 ema and close above I would expect a pretty quick trip to, 10,000 (The pink line) and then a retest of the 200 ema , a bounce here would see $12,000( The Black Line) in play quickly and then I expect consolidation between the 200EMA and 12,000 for some time.”
So while I am not a psychic, its pretty good and we are now consolidating or ranging between the 200EMA on the daily chart and 12,000 (This area is shaded for you)
Importantly the break down on the 4 H Chart (attached) has reversed above 9300 support, closed above the important 9750 level and looks to be stable. While it doesn’t look like a panic sell to me it does require me to be BEARISH/NUETRAL. I am under the 200ema (on the 4H Chart) and my previous support trendline. I will move the support line when I get two bars above my new low on each side. (Potentially next bar) but this is a technical move and my Bias remains BEARISH/NUETRAL.
For those looking to sell bounces off the 200 EMA (4H Chart), 10800 and the old Support trendlines all offer great chances to sell. I would scale out at 9750, and trail down from there.
For those looking to buy, I would buy now or on the break and retest of old support trendline. Targets are 11,700.
My expectation is next we will revisit the 200ema on the 4H chart and then we will be watching closely again.
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[BTC-USD] DROPPING FAST! BEARS TAKING OVER ! BULLS WEAK !Like I said in this video, almost 3 days and the bulls cannot break and did not break the $11,747.39 heavy resistance! They tried, and tried and tried, the wales even potentially got involved trying to pump it but FAILED! My alert trigger went off on March 5th, 2018 at exactly 6 pm central time down to $11,440.59, than while I was making this video in 5 minutes it went down to $11,350 even more which you will clearly see on my video here.
Refer to my last video, that is linked below..
Basically no matter how I look at these charts I seem to obersve and return to the same range of negative numbers.. Notice I say range! Bitcoin is FAILING! Going further down, now the question is how much farther down will it go and will it come down to my projected target prices and dates! Will it go all the way down is the millionaire dollar question ????
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CrytpoBuzzAnalyst
Disclosure: This is not financial advice, you must perform your own research and produce your own TA. This is only for educational purposes!
BTC USD go down / BearishWe have seen a serious growth of Bitcoin since August,after the last major correction , its time for a new correction
as u can see on the graph bearish flag its tells us about the continuation of the downward movement
I used previous support levels and Elliott Waves to forecast possible extremes of local correction
BTC $7000 - Full In-Depth AnalysisIn the chart above we can see how BTC has been completing 5 Waves and ABC/ABCDE since the beginning of the correction which started on Dec 21, 2017. To understand where BTC is going, and to make an assertive, historical-data based prediction, we must look deeper than merely looking at previous support or resistance. Alone, these only tell us where BTC likes to bounce around, but they do not tell us when and in what manner BTC will move.
In my charts I use multiple Fibs- Fibonacci Retracement, Fibonacci Wedge, and Fibonacci Pitchfork. Retracements tell me about support and resistance; Wedges give me an understanding of timeframe; Pitchfork shows me where BTC is moving. In addition I use Ichimoku Clouds, Bollinger Bands, Relative Strength Index, MACD, and sometimes TTM-Squeeze. While charting I plot Elliott Waves in every form that I can see and I save them, and by doing so I can see where they align with larger waves. This may seem like overkill, or overwhelming for some, but this is my method, and it has worked for me thus far in predicting BTC to its current price level (followers tracking my posts know this).
If you are looking for someone that says "well, BTC looks like its doing this, and if that is so it could go one of two ways..." then you can find plenty others out there doing that. I am here to state my absolute opinion, not hedge my own statements with a 50/50 option. I have no qualms about making a statement, based on technical analysis and historical data, and saying where I believe BTC, or any other coin, is going. If I am wrong I am wrong...with that said...
YOU must make your own decisions. Its your financial security, your life, your actions, your responsibility. This is Technical Analysis, NOT financial advice.
Let's begin:
BTC is currently in the process of completing D Wave of the ABCDE correction that started nearly 6 weeks ago. During this time volume has withered and billions have been pulled out of the market. Financial institutions do not seem to be jumping back into buying BTC at 14500/14300/14000/13800/13500/13000/12900/12500/12300/11900/11400/11000/10800/10500/10200...and now as of writing this BTC stands at 9740.
Continued in update...
BTC Looking Like It Might Be Going DownAnt ideas or corrections are appreciated. To me it looks as if BTC might drop in the short term. Would love to hear your opinions.
BTC dip over, or hodl on to your tether?!Many people are split right now on whether or not BTC is either done with its "crash", or is heading down much further. This is my opinion, and I'm a pretty crap Technical Artist at the moment, so let me know if you have any comments about it.
The .382 line is being tested hella hard, but i think we have a crash up coming very soon, due to just breaking thru the bottom of the BBandos, pretty heavy, relatively. I'm thinking that will send it fairly quick to pass the downward trend linen around 14,8 or 15,1. If that happens, then there should be a slower ascent up to the next fib, around 6400, and have a bounce back down.
Lemme know if you guys think I'm right on, or completely full of it pls.
BTC/USD possible correction levels, paths & percentages.A lot of folks are expecting correction to hit practically NOW. It could, it could go up. Regardless this is a prediction of what a correction might look like if it were to begin on the last Tombstone candle at the last peak. This charts alternative name is "I want to throw up."
