Btcmoon
bitcoin to $27000 if this level Holds!!hello everyone, glad to have you here today! so according to fib extensions $27000 is the next relevant target for bitcoin, we recently successfully bounced off of the 0.618 fib level and if we hold that level I believe $27K is the next on the cards as a first target for the next bull cycle! also according to Elliot wave theory there is a very high probability that we've just finished second wave and the third one is about to start which is usually the longest one which means that we basically will reach the %100 level on fib extensions which is at the $27K! so guys let me know if you agree or disagree with my Analysis one the comments below! cheers guys have a nice day.
DISCLAIMER:
information presented one my posts are for education purposes only. not a financial advice because I am not a Financial adviser!!!
Forget the 40% Candle and We Are Good to GO!Just erase the 40% candle from the chart,we are doing the same reaction with 6k>3k dump.
=>We started to make higher lows on 3d chart on the IMPORTANT TRENDLINE before 5k jump.
=>Massive divergence on 3d RSI.
=>Crypto fear index is 27 means market is full of terrors and fear,mainstream chartists on twitter and tv posting 2k expectations.
=>Halving is upon us and they made all of you fearful,one thing you cant change is the halving,its a mathematical fact and will pump the price to the sky no matter what happens,always trust the facts,not the fud.
I dont expect it lower below 6k,maybe some wick to lower 6k area.
TRUST THE PROCESS.
$BTC What NEXT!Hi,
Well, extrapolating the finite data, I think this should be pretty comprehensive. So the chart here itself is pretty self explanatory but let me guide some points here.
1. To be bullish or if I may say, see any upside soon we need to close above 0.618 fib which is around $7600 on a MONTHLY.
2. A side ways case could emerge if we get stuck between fib 0.618 and support of EMA 21 just below at $7000. (unlikely)
3.A larger Wedge pattern could reveal it self as you see I have drawn on the chart IF we break 55 EMA monthly which is exactly where 200 MA weekly is at $5000.
4.AND if we break $5000 use 0.786 fib and below that you have the bottom for wedge respectively as supports.
What IF bullish? I would wait for BTC to break above head resistance (upper line of the wedge) to be long.
What IF Bearish? I would try to Dollar cost average myself into the market.
Trade Safe!
******THIS IS FOR EDUCATIONAL PURPOSES ONLY*******
BTCUSD TRIANGLE re-test??
BTC was situated into a triangle with a buy pressurse from bulls slide but they topped at 4045$+. Bears was keep this momentum and made a breakdown from this triangle and now is sitting into a big support at 4h timeframe
Macd is below neutral zone-0- with a huge bearcross, RSI it s oversold and Stochastic also.About VPVR between 3771 and 3879 is a lot of resistance and a breakdown below this 3779$ will take us to 3453$
From here i m expecting a re-test of this triangle around 3876-3920$ and after probably will break down IF bulls will don t step in. From this chart very simple is to make a bearflag with triangle re-test and after make a breakdown.We will see how will play out.At the moment i m only watch market
BTC finally able to see new light!BTC has finally broke the diagonal resistance and is able to see new light, break higher price resistance and creating new price ranges at the higher values. Now is certainly one of the best or even the best for cryptocurrency newcomers to join the markets and reap the fruits of it. Possibility of BTC mooning is higher than ever as we are getting near the NOV period when BTC previously mooned last year. However, the road is never smooth sailing as there are upcoming resistance for BTC to break through. Only further analysis would tell whether BTC will moon this year or not and be sure to be up to date whenever I posts new trade analysis by following me. There never any harm in doing so as you could only discover new trade opportunities by doing so. So please do follow me and if you do, I would like to greatly thank you as it is always great to see my work being supported and appreciated by you guys.
Here are the upcoming resistances for BTC:
Resistance #1: $6781
Resistance #2: $7351-$7518
Resistance #3: $8400
If you wish to donate, here are the addresses you could donate your coins to:
Bitcoin -0.14% Address
3AC7bbBQvKdVTY5B2JhvkgyxcfAymWRehV
BitcoinCash Address
bitcoincash:pq49556q9waej6gryt36eaxv7sx63eu39yr36hwm2w
Litecoin Address
MAbr3WfBCvVYz3FAkYA6ZtwEDLKqd2EANF
Thanks for donating! It is great to see my work being supported by you guys!
Stages of BTC before possibility of a moonCurrent BTC prices are in the trading range of $6116-$6781. The most likely thing that would occur is that the price of BTC rises as over the pass few weeks, the $6000 support has proved itself to be resilient and unwilling to give up. Hence the only way is up. Before the possibility of a moon, here are the resistance it needs to break before having the possibility of mooning.
Resistance #1: $6781
Resistance #2: $7351-$7518
Resistance #3: $8398
BTC Idea for 2019The chart shows that between now and December the volatility should be low and the bears should be weakening, by the end of March 2019 the bears should be dead (RIP Bears), followed by bullish macro energy until about a year from now where the sine-lines all descend together (my subscription isn't high enough to see the exact date that far into the chart).
Disclaimers, not intended to be financial advise, not an expert.
I have about 90% of my small portfolio in BTC, but I tried to make the chart from a fresh and non-biased perspective.
Biffy.
Bitcoin's Slow and Steady Road to 1 Million Dollars ($1M BTC)***This Idea was charted on a Log-scale chart***
On August 17 2015, with months of a deterioration of Bitcoin's price, everyone's confidence in Bitcoin waned as BTC price fell below $200 to a record low of $160. Almost a year beforehand, Bitcoin was almost 10 times its price, and some people that had bought at that time as well as the Hodlers were starting to think that this might actually go to ZERO. Many cashed out their long-term investments after months of waiting for the price to rebound. Doesn't this situation that I have described feel like the current state of Bitcoin today?
Well if you said yes, then you are right because that situation that had happened IS what is happening right now! In fact, look at the previous low that BTC visited. What was the date? August 13? Well well well, what an interesting observation. The low back then compared to the previous low is almost exactly 2 years apart. That is not all, Ever since the price dipped to $150 all those years ago, Bitcoin has been finding support on one of the the largest trend lines in the history of Bitcoin. The trend line has not been violated since $200. (I indicated the purple trend line on the chart above)
Let's walk through this step by step. I will be referencing the chart with pictures below.
I believe, as most people here do that Bitcoin has still not hit a true bottom. We might have a small increase in price for a while (which I have indicated above), but I think the bear market will continue to the $5000 mark. This also will hit a key level in the fib channel (the rainbow looking regions) as well which increases the likelihood of the revisit happening. So why is the Fib channel so important? Let's get into that.
So by applying the Fib channel in the same direction as the Huge bull trend that was drawn, it gives some interesting observations:
- The first is that the price highs and lows both interact with the fib channel. This is seen at the red and purple arrows that I have indicated on the chart. This picture only shows the beginning of this trend. Take a look at the rest of 2017 below:
As you can see, the fib channel interacts with the highs and lows of Bitcoins price very very accurately. Not only that, the Fib extension lines pass through the $20k BTC mark perfectly(the navy blue region). So this fib channel in fact could've predicted a $20k BTC reversal as early as June 2016.
Now how long did this bull run take? Exactly 845 days. The price shortly after starting correcting and then the bear market started.
Looking above, as my prediction shows on the chart, once BTC hits 5k, It will slowly start coming back up to almost $13-14k. Then one last correction will happen all the way to the purple support trend line before BTC is invited to the rocketship to start the next Bitcoin Bubble. Extrapolating 845 days from the low on August 13 2018, you will see only one intersection on that day, and the intersection is that of the fib channel and the $750k BTC horizontal trend line. Bitcoin might have short squeeze to $1 million dollars and then the bubble will either pop, or mass adoption will occur. In my perspective, I believe the former will happen. What will happen thereafter is too far ahead to matter.
If you made it to the end, thanks for reading. Really appreciate it. If you enjoyed this commentary, please leave a positive comment or upvote.
Signing off,
hullah3000
BTC: Falling Wedge & Fibonacci Retracement LevelsBTC is currently in a falling wedge pattern that is getting more narrow as the price range consolidates.
Based on Fibonacci levels, we can draw probabilistic outcomes for BTC medium-term price action.
As BTC moves down the falling wedge pattern, the levels I am watching for a major trend reversal are $7,500 psychological and the .78 Fib level ($7,200). How the BTC price movements develop between the $7,900 to $6,400 resistance/support zone will allow many clues as to the probabilities of BTC price reversal (or continuance of downward momentum).
If BTC is to realize the proposed falling wedge pattern and price breakout, the levels I will be watching to see BTC resistance are .38 Fib level ($8,640) and $9,000 psychological. Conversely, if BTC were to breakout to the downside, I would be watching the $6,440 support level.