Btcoins
BITCOIN Forecast 23.05.2018BITCOIN Forecast 23.05.2018
Bitcoin just hit strong daily support level at price $7900 and also 61.8% Fibonacci retracement level. Bitcoin also found support again on old trend-line from the 15.7.2017. We expect that support level will hold and push Bitcoin back above H4 resistance at price $8630.
DASH to rise on Segwit2x uncertaintyBTC community is really uncomfortable right now with all this 2X disturbance and it looks like we can expect some capital flow from Bitcoin to alts in nearest future. November 16 is expected hard fork point and it looks like new wave of DASH rise can be expected near this date.
P.S. Me myself redistributed 40% of my BTC to LTC, ETH, DASH and XRP.
If you have any questions/suggestions guys, I'm happy to discuss
Market might collapse as Chinese government stops all BTC TradesHey Guys,
Due to the trading and exchange problems occurring in China (possibly due to their presidential elections next month), the market is facing lack the volume and strength.
I feel the whale money is being taken out of market hence the chances of collision have increased.
Recent EMA point, Low volume, and many other factors shows us BTC is not going for all time high as it has to go back to take support and rebuild its strength.
Its not the best time to invest and wait until BTC rebuilds its strength and be where it should be.
However, once the whole political scenario is settled, we will observe a very strong growth as shown in the graph.
Feel free to express your views and discuss on the same.
Happy Trading :)
.
Ok Folks! Shit hit the fanAll right it seems what I was afraid of happened.
There are two possible targets that BTC may fall down to
One is 3650-3700 area. This the bottom of a longer term trend on weekly basis.(1)
And other target is 3.457 target where the neckline of this head and shoulders pattern started to form. (2)
My take , and wish is 3650, asI have previously stated in my pervious analysis.
The market started to be a bit oversold, but markets can stay oversold for days and still stay oversold .
But the market is oversold , my concern is that although it is oversold, we see continuous selling ongoing bur not turning into a nice wash out session.
As we reach to that bottom wash out session, we can not find the bottom.
I am still bullish , I still believe Cyrptocurrencies are here to stay, and probably we are exaggerating the FUD from China, in the end China's overall participation in overall turnover in cyrptos is %15, thats all.
China could totally ban and be totally out of play, we would still have the rest of the world.
I am bullish on on Cyrptos on long term, I will be looking to find some extra money to put in while we are doing this nasty correction.
I am also a bit happy that, this nasty sell of throwing out , only happy when market's up type guys.
Please comment what you think?
BTCOur preference: possible rebound with 2750,87 as objective.
Alternative scenario: the depression of 2477.93, will trigger a return on 2378.49 then 2319.29.
Comment: The RSI is under 50. The MACD is greater than its signal line and negative. The configuration is mixed. In addition, prices are under their moving averages 20 and 50, currently at 2565.81 and 2582.59.
Alternative to BTC-long idea: Possible longer-term shortIF AND ONLY IF, a reversal occurs from around 1060, on the 2-Hour chart shows the possibility of profit potential. Otherwise, may be a continuation on a higher timeframe.
This may be the last chance for the price to move down near 1060 at this time if it becomes a reversal
BTCUSD Uptrend continuation [Mar. 29.2017]I have seen price has pulled back to 61.8% on Fibonacci level and due to the price movement being of continuation, Fibonacci pattern shows, that from $1,006 price will move up to $1,163 (161.8%) or at least to $1,111 before a pullback/retracement OR a reversal occurs.
BTCUSD retracement, continuation uptrend possibilityLower-timeframe, might signal contrary to bigger reversal than the 'continuation' uptrend.
2-Hour chart signals a soon possible downward reversal. Contrary to posted idea
I set a Fibonacci within a major Fibonacci retracement and found this "u-turn". Assuming Market Baseline (Yellow) will continue to show an uptrend.
Even though, this may be the last chance for the price to move down as shown in snapshot image, if it becomes a reversal.
BTCUSD Long despite oppositionTraders Dynamic Index Indicator Alert v0.1 by JustUncleL, on realtime chart shows Red & Green move down to bounce on third line I placed on TDI indicator window & reversed up, as if a continuation of overall trend.
This allows for a new Fibonacci retracement to be placed:
A (0.00%) on low swing of 890,
B (100.00%) high swing of 1004.
From there see it as a retracement/pullback, & I see higher timeframe shows continuation signal up until it may again be considered overbought;
Price retraced to Fibonacci level of 61.8% (0.618) and continued up.
{Foreseeing (127.20%) $1,035, or (161.8%) $1,075]
As sequence follows: 61.8% to 161.8%, & sometimes is rejected near 127.20%.
38.2% to 127.2% ($1017)
By using the Fibonacci tool, and placed it new, I can expect, that as a continuation, as described by the TDI indicator) it will lead to new 127.20% ($1,035 on 30-Min chart) or 161.8% ($1,075 on 30-Min chart)
BTC possible reversal from uptrend: retracement downtrendLong term, up.
Short term, down to Fibonacci 127% or 161.8% extension
long on Bitcointhe entyr area descibed
enter when the price down to 775
then buy again at 750 and 725 if the price catch it
your target is 1072
then wait for price action , i belive that the price will be 1100 , if the price reach this level ,trust me you can buy again targeting 1800 usd
i will be here for more infomations and updates .
see you at the next trade .
BTC Uptrend - Multiple IdeasIdea 1
Inverted Head and Shoulders breaks up and fully retraces the dump invalidating the downtrend movement showing strength.
Idea 2
Inverted Head and Shoulders breaks down continuing downward pressure and finding support ~3800+ and continues uptrend.
Idea 3
Inverted Head and Shoulders breaks down continuing downward pressure, finds support ~3800 and fights resistance of previous support, loses upward pressure to a final support around 3600 before continuing uptrend.
All 3 scenarios are bullish, anything below 3200 is rendered bearish.
Do not trade this idea.
Pullback TimeAgain Higher High in Price and Lower High in MFI Clear Sign of at least a Pullback or Reversal to Lower Red,
StochRSI is Overbought and Price is at Important Cross of Two Significant Lines.
BTC WEEKLY CHART: "The Panic Zone" Weekly trend line breakdownThere is nothing but weakness indicated on all charts. This breakdown occurred on the daily chart a couple of weeks ago and has now affected the weekly chart. I don't provide free commentary about the daily chart activity.
There is some support at $430 but for the most part a retrace to the $338 line is highly probable. The reason is purely technical. This market has had a sustained rally for almost a year and it is time for a consolidation.
I would be surprised to see a breakdown into the "Panic Zone" which is below $275.
I fully expected to reach the blue dash line before the beginning of a correction. We almost made it. A new rally will not begin until the blue dash line is crossed. This will be in the 2 to 3 month time frame. For now, I'm waiting for cheaper coin to buy back in..
Bitcoin longterm 2016 forecastI think if we look at higher lows since october 2015 we can clearly see slow and steady rise in bitcoins value. Market is very calm those days but overall prediction is long. I think at January 2016 we can expect price 480-500 according to this steady appreciation. If you are interested in buying bitcoin, you can do it for sure on bitstamp.net or at eToro ( trade-test.com ) as they have introducet bitcoin trading lately and have very good conditions for it. If you are smaller investor, it is even cheaper to trade at eToro than using Bitstamp.net. Bitstamp is only cheaper if you have already some volume discounts.. if you have standard 0.25% commission account, then trust me, eToro is cheaper. I have switched to this platform personally because of BTC trading. Tell me what do you think about bitcoin prediction for 2016, do you have same opinion on it?
