Bitcoin back to Bull Mode targetting 12kHi all,
I am back with new chart. In this chart I am not setting any new targets but I can suggest that bitcoin is back to bull team so we can expect 10.5-12k any time soon. I strictly suggest against shorting until price under 9k. Ideal long stops should be under 9k.
I will keep updating this chart along with time.
Please like and follow for the updates.
Best,
Budha
BTCEUR
False breakout BTC had the 4th false breakout last night and lasted less than one day from the long term downtrend support line on weekly chart. That’s bearish indicator to see 4th false breakout. I still don’t see the possibility to break from the very long downtrend on weekly chart. Saying so, I’ll keep monitoring to see a stronger breakout on weekly chart to confirm uptrend.
Where Bitcoin Price is moving from here ?Hi all,
I am back very quick with new bitcoin chart. In this I decided to explain various scenarios that could act and how we can tackle the situation.
Daily Chart :
From daily we can clearly say that the trend is extremely bullish however last candle is deceptive so from daily we can conclude that trend will result in upward movement if daily candle ends green along with follow up candle starting green. Else daily candle turning red is a clear sign of rejection whose trend will be based on larger time frames as discussed below.
Weekly Chart:
Weekly chart again little bearish but new week started green which can yield in a very positive upward movement however bad news is we can't conclude a week strength in few hours of weekly start so we are totally reliant on daily candle performance. So as discussed above if daily candle ended green along with follow up candle also starting green, weekly chart will boost the upward movement that will result in 11-12ks very soon however daily candle ending up red or follow up candle starting red can result in a good dip of weekly bars magnitude.
Monthly chart:
Monthly chart is Bullish so there is no need to expect heavy dips like 5k-6k range but we can see it may also retrace before next rise as you can see last 2 candles may favor tiny retrace (lacking retrace will beast mode bullish movement). So if you are a BTC holder just forget about btc trading and enjoy the normal work as it will only go up with or without retraces.
My conclusion in simplified version:
"Buy BTC if price crossed 9800(stabilized without a wick) else, Sell BTC if price hit under 9200(stabilised without a wick) as you can buy later down the price. If price stay in between 9350-9750, just stay out of the game. If there are quick wicks strongly avoid them from trading as volume is so low."
My Guess : My guess could be wrong and not advised to trade, but based on some experience I can favor bears a little here but again if bullish scenario met as explained I will support the bulls and start buying.
NOTE : Please feel free to like the chart and follow me if you like my work
Best,
Budha
#BITCOIN The road to 10500$welcome everybody
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Today we will try to know the coming price movement
As we expected in the previous analysis, the price is still positive and has another rise, and this is what is happening now. See the idea below
What now ?
We also see that the price started to form a triangle if the price remains inside it will rise to 10500
And this is for sure the most important thing is not to breach the 8600 price and keep the price above it
In relation to the Elliott waves, the price has not finished wave 5 yet
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Take Care !
PAY ATTENTION TO THIS LEVEL ON BITCOINSo we are facing a retest of the red trendline. I've seen lots of people posting triangle bullish patterns (and that's ok.. ) but I personally think that we should focus on volume. And for what I'm seeing, volume is still decreasing. To me at least, that's bearish.
The key zone for bulls is 9350$, let's see how the daily candle closes today.
My personal bias is bearish, we are still forming lower highs on higher timeframes. Hashrate is still decreasing, the fib on the chart could play out if we can't break 10k.
Safe trading
Finall call to 11k in less than 3 weeksHi,
All I am back with another new chart confirming 11k in less than 3 weeks. I had my last chart suggesting the same but we luckily retraced twice into 8800s where whales bought as you can see here:
Since major players acquired BTC here chances for it to dump are very less untill they sell. In my opinion they may not sell untill they see lows like 8600s in which case when they sell we could see price in 7k range again. But good news is that as long as we stay above 8900s chances for 11k are as near as 3 weeks in my guess. Lets see how this will play out.
Please press like and share if you find it helpful.
Best wishes,
Budha
#BITCOIN Update 22/O5/2O2Owelcome everybody
We will try to know the next price movement
Bitcoin price decreased by 11% in the last 3 days. The last resistance the price hit was at 1OOOO$ , which represents strong resistance areas
What then ?
If the bitcoin price maintains the 8500 price, then we will witness another bullish wave to try to break the 1OOOO$ resistance
A model we can see , Triangle completing the trend
BTCUSD in 2 month cycle below 2000 soonThe most possible scenario is a crush of markets in next months resulting to crush of bitcoin as of it became just another speculation object and have nothing to to with initial idea of currency for crisis.
The break out of formed triangle is usually a crush which will lead to prices at next support line from May 2017 arround 2000-2500.
ridethepig | A Game Changer Break For BTC!
Awful macro prints from Europe this morning, expectations of those betting on a quick V-shaped recovery will be rectified. BTC is entering back into play and offers protection on the risk side, it is evident that a compression range is about to blow, a break of $10,000 will trigger momentum as any remaining shorts are forced into retreat. The flows must be managed more skilfully as we enter into the next chapter in risk markets: buyers must not lose tempo here, making a breakout on the log chart is a game changer for BTC.
For the flows, we are sitting at great value levels for a zig-zag is in play via $14,000 => 10,200 => 21,000
It is obvious now that the FED and other CB's are funding government policies, Keynsian economics is now at odds and we must begin to position for protection on the private side. This positioning in BTC is becoming a hedge against governments, and a "corridor swing" towards the $35,600 highs would mark the end of this impulsive third wave of a five wave sequence.
The chart more or less exhausts all there is to say about the upcoming swing. We can tackle the intricate legs live in the comments if there is enough interest...
Good luck!
Bearish on 1 W chartDo you know what this chart is saying on 1W period? It’s saying watch out, we might have reached a strong resistance level at around 9200 euro, for third week unable to break it. We reached the upper bank and we might have started a down trend. Keep an eye and secure any open position.
#BITCOIN Weekly analysis - Ascending trianglewelcome everybody
Today we will try to understand price movements in the long run
We notice that the prices are still achieving bearish highs and there is no confirmed bullish signal
We also have bullish lows, if we see the chart from a distance look, we will find that there is a bullish triangle complementing the trend
Now it is not possible to judge the price that it will fall or complete the rise, we must wait for confirmation
If it breaks through the top of 10500$ and a weekly candle is closed above it, it will be very positive
#BITCOIN The end of the climb , Elliott wavesBitcoin is nearing the end of the climb and will soon start the beginning of the correction. I expect by the beginning of next month
the analysis the last wave, which is wave 5 of the main wave , It is not a prerequisite for the price to break through the top of wave 3
#BITCOIN price action short termThere is an opportunity to repeat the same scenario
Prices are trying to break the 1OOOO$ areas, but they have failed so far
So we expect a decrease to 87OO$ , then go back up.
Please support the idea by clicking the like button and give your opinion on the comments below
#BITCOIN A comprehensive look for price welcome everybody
I have a lot of questions about bitcoin , is it time to invest in the long run ?
I do not expect that the right time is still, in my opinion, negative for investment rather than medium-term speculation
Technically, if we look at the old prices, they were heading in a strong bullish direction that was broken, I expect that this rise that occurred last month is just a retest of the broken trend
The positivity is with a weekly closing above 12OOO$
take care !
Please share your opinion in the comments, this is important to me
Bitcoin LTF Analysis and One more spike after Drop toward $8250#BTCUSD 1 hours Double TOP Pattern finally Achived our 1st Target guys.
I am still waiting for 2nd Targets.
Now I can expect one spike upward side till $9770-$9850.
so I will short that point if spike.
but guys one important point keep an eye if any Candle close above green Line this is Resistance level.
if breakout upward and candle close above green box then I will close my short. and will open Long position.
I booked profit from first Target and still waiting for good entry.
But I think this is good entry For long setup.
I opening small position for Long at $9760.
Still I am bearish in short term.
Hope you happy with my Real time analysis.
Support: $9545/$9265 /$8650
Resistance: $9785/$10180/ $10650
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