One Big Descending Triangle - (BTC)Greetings fellow Hodlers of planet Crypton, Hope everyone is having a great day! :)
Lets get right into it...
From the chart you can clearly see how the price of BTC has been retracing ever since the good ol' days when it reached its all-time-high in early Q1 of 2017.
There were several bull and bear periods throughout the year where the price surged then consolidated.
Since Jan, the highs have been getting lower and the support has stayed @ approx 5750 Euros.
Are you looking at the grass or the trees?
If you are zoomed in too far… it is hard to tell the difference.
Small things appear big when you are too close to them.
2017 has been one big descending triangle and there is a good chance that, (Spoken in an elderly mans voice; ''the great bull run of december 2k17'' will repeat itself as support has been found at 5750 Euros since June.
These bitches hella bullish on that bullshit.
Dont touch my crypto or i'll empty out a full clip
Happy Holding :)
Btceuro
What do you think?I can see BTC in a descending triangle, ABCDE completed, Stoch RSI crazy and people still scared of investing. Also, I can see previous supports now resistances.
If you check my previous post of LTC, I can see it falling, so it’s probable all coins fall.
What do you think?
Don’t trade according to this TA. It’s just an idea. :)
Bitcoin 2018 Second Half AnalysisHello again trading freaks :P
So, after a couple of months dedicating a lot of time drawing and trying to figure out what is going on with #Bitcoin (the big brother), specifically with #BTCEUR and #BTCUSD, now i think i'm ready to share a detailed track. You always need to look back in time to have a clear idea of where are we heading this second half of year.
Right now i'm just sharing the big screen, but ill be updating possibles scenarios and sharing all #charts #patterns with all the fractals i've been discovering through time.
So, stay alert, and give it a shot. Obviously, ill be sharing all the corrections that will probably need to be fixed trough time, but i hope this helps you out with shorts or long investments.
Have fun!
Jose Fiedler
BTCEUR , Don't miss this opportunity to buy....BITCOIN/EURO
Midterm forecast:
While the price is above the support 4184.50, beginning of uptrend is expected.
We make sure when the resistance at 7297.45 breaks.
If the support at 4184.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (5110.00 to 4184.50), if so, we would set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (5110.00)
Ending of entry zone (4184.50)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 36.
Take Profits:
TP1= @ 6299.85
TP2= @ 7297.45
TP3= @ 7930.55
TP4= @ 9236.95
TP5= @ 10740.80
TP6= @ 12166.75
TP7= @ 14229.35
TP8= @ 16780.00
TP9= Free
BTCEUR , TP3 hit with 1940139 profit. NEW Buy Opportunity...BITCOIN/EURO
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is possibility of temporary retracement to suggested support line (6299.85) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 9 BUY trade(s) @ 5514.00 based on 'Hammer in D2 time frame' entry method at 2018.04.07.
Total Profit: 1940139 pip
Closed trade(s): 678585 pip Profit
Open trade(s): 1261554 pip Profit
Closed Profit:
TP1 @ 6299.85 touched at 04.12.2018 with 78585 pip Profit.
TP2 @ 7297.45 touched at 04.20.2018 with 178345 pip Profit.
TP3 @ 9730.55 touched at 04.24.2018 with 421655 pip Profit.
78585 + 178345 + 421655 = 678585 pip
Open Profit:
Profit for one trade is 7616.59(current price) - 5514.00(open price) = 210259 pip
6 trade(s) still open, therefore total profit for open trade(s) is 210259 x 6 = 1471813 pip
Take Profits:
TP4= @ 9236.95
TP5= @ 10740.80
TP6= @ 12166.75
TP7= @ 14229.35
TP8= @ 16780.00
TP9= Free
Midterm forecast:
While the level 6299.85 is not broken, the Midterm wave will be uptrend.
Price may also reach 6299.85, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
We will close our open trades, if the Midterm level 6299.85 is broken.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 64.
BTCEUR , TP3 hit with 1940139 profit. NEW Buy Opportunity...BITCOIN/EURO
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is possibility of temporary retracement to suggested support line (6299.85) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 9 BUY trade(s) @ 5514.00 based on 'Hammer in D2 time frame' entry method at 2018.04.07.
Total Profit: 1940139 pip
Closed trade(s): 678585 pip Profit
Open trade(s): 1261554 pip Profit
Closed Profit:
TP1 @ 6299.85 touched at 04.12.2018 with 78585 pip Profit.
TP2 @ 7297.45 touched at 04.20.2018 with 178345 pip Profit.
TP3 @ 9730.55 touched at 04.24.2018 with 421655 pip Profit.
78585 + 178345 + 421655 = 678585 pip
Open Profit:
Profit for one trade is 7616.59(current price) - 5514.00(open price) = 210259 pip
6 trade(s) still open, therefore total profit for open trade(s) is 210259 x 6 = 1471813 pip
Take Profits:
TP4= @ 9236.95
TP5= @ 10740.80
TP6= @ 12166.75
TP7= @ 14229.35
TP8= @ 16780.00
TP9= Free
Midterm forecast:
While the level 6299.85 is not broken, the Midterm wave will be uptrend.
Price may also reach 6299.85, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
We will close our open trades, if the Midterm level 6299.85 is broken.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 64.
BTCEUR , weekly update: Total profit 581745 in 5 days.Total Profit: 581745 pip
Closed trade(s): 78585 pip Profit
Open trade(s): 503160 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 5514.00 based on 'Hammer in D2 time frame' entry method at 04.07.2018 .
Closed Profit:
TP1 @ 6299.85 touched at 2018.04.12 with 78585 pip Profit.
Open Profit:
Profit for one trade is 6142.95(current price) - 5514.00(open price) = 62895 pip
8 trade(s) still open, therefore total profit for open trade(s) is 62895 x 8 = 503160 pip
Midterm forecast:
While the price is above the support 4184.50, beginning of uptrend is expected.
We make sure when the resistance at 7297.45 breaks.
If the support at 4184.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 51.
At what price level (EURO) will BTC go through the red ellipse ?This chart drew it self more ore less.
The red dotted arrow line that goes down in a diagonal, has the exact same angle as the green one going up. Looks like our red dotted friend is a pretty big resistance.
As we look at the period it took us to go up, we seem to have some time left over to go down. Maybe there will be a C wave going up for a little while (€ 7022 max in my opinion) but in general I think we have to expect more of the down trend.
See links below for more of my ideas !!
BTCEUR , Don't miss this opportunity to buy....BITCOIN/EURO
Midterm forecast:
While the price is above the support 4184.50, beginning of uptrend is expected.
We make sure when the resistance at 7297.45 breaks.
If the support at 4184.50 is broken, the short-term forecast -beginning of uptrend- will be invalid .
Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (5110.00 to 4184.50), if so , we would set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (5110.00)
Ending of entry zone (4184.50)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 36.
Take Profits:
TP1= @ 6299.85
TP2= @ 7297.45
TP3= @ 7930.55
TP4= @ 9236.95
TP5= @ 10740.80
TP6= @ 12166.75
TP7= @ 14229.35
TP8= @ 16780.00
TP9= Free
One more Push!Looking to a 30min chart, we can see that the bull run is confirmed. We are starting the 3rd wave of the larger degree. Let's look to a smaller degree, we are finishing the V wave of the smaller degree to complete the 1st wave of the larger degree. One more push to the 7600 will make me even more confident. Pushing to challenge the ii wave pivot, of the down trend ( in green ), would bring more confidence to the bulls and less to the bears Market Cap is growing steady, although we need way more volume to take us to the moon. After that, we expect an ABC correction. A good entry would be between the 50% to 61.8% fib Retr of the entire move, to start a long position. BTC is still finding some resistance breaking above 75 RSI.
I'm just sharing my analysis. This is not an advise for buying or selling.
To the moon !
Peace!
Bitcoin BTCEUR Eagle perspectiveHi Traders,
I'm looking on Bitcoin in a larger perspective - would love some input and thoughts about it from other traders, so please comment.
If I take the larger count of Elliot Waves, I get this chart as you can see. In this scenario, the C ends up being a bit trunkaded. (I'm no expert in EW!)
But reading the impulse waves up, I see that the 5th wave was huge, so is it fear to expect a huge A correction as well?
When I look at it this way, I cannot see that the C wave is finished yet..
Love to hear from you
BTCEUR update - correction phaseHi all,
Here's a quick update on the BTC EUR on a 4 hour chart.
Still leaning a little bearish personally, but let's see what happens. If this really was the turn-around point for btc or not.
I am very cautious at this point with my tradings, and are waiting for some solid confirmation of direction of the market.
Happy trading to all
BTCEUR updateAnd when the Bulls, come running in, and when the Bulls come running in..
Finally some bullis action..
Here is some scenario's and possibilities, looking at a 30 min chart.
Let's look out for follow through bull action, and building of momentum.
No rush in trading ;) always new possibilities.
This is not financial advice. Trade at your own risk ;)
Short position on BTCEUR short term?Hi guys,
It looks soo bearish right now. Anyone know how many bearish flags going down is normal? LOL Really, I'd like to know :)
Possible to - at least very short term - to play short positions with tight stop loss orders.
Again, not finacial advice, just my own ideas I'm sharing - they are not to be taken as signals to buy or sell. Remember to make your own decicions and analysis ;)