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BITCOIN - About Fractal, 'Clean Areas', Reversal SignsAgain, we have to analyze current BTC price movements on the Daily chart, to be said, nothing clear, mixed signs from here from there but overall the momentum should start to slow down, or not!?! Yes, exactly, the current situation is like this! Yesterday I "warned" you that we may get another pump after the breakout from the ascending triangle to the $5,400-500 level. The price made a clean breakout and it reaches almost into these levels but most importantly it touches the Fibonacci golden retracement rate 62%. After the touch, it got a pretty high volume and the price got pushed back down, back below the well-known $5,000. Now, we have two Daily candles rejection from the strong area (light blue fat line) and yesterday's candle close gave us a bearish candlestick pattern. There start to come more signs that the price may make a correction downwards. Bearish signs: 1. Two rejections from a historically strong area 2. Two rejections from the round number $5,000 which works as a resistance level 3. Fibonacci touch and bounce back from the 62% level 4. After the rejection from those levels, we got a bearish candlestick pattern called Shooting Star. 5. We have got two short-squeeze, first one was that black candle and the second one, a bit smaller, was yesterday (yesterday's candle range was also pretty high considering the average - around $560) Actually a pretty nice sell setup on the normal market situation but right now we have to consider that power from bulls. A little bit about reversal trades - the setup may be pretty strong but if the price approaching that strong area whit massive and powerful candle then it is always riskier and unexpectable to trade this. Currently, we starting to get signs which could possibly make a reversal and the throwback may start pretty soon but.. At the moment the price is in this area where it can make easily a movement to the $6,000 or back into the $4,000. The market doesn't accept those clean areas and those strong candles, usually, it wants to fill those candle whit "normal" price movements and so as now. The price has touched the Fibo level and now it has almost a clean run to the $5,800-$6,000 but in downwards it has also that stupid clean area. The next stronger support (after the first observe) is around $4,200 but there are multiple areas where it could find a support - curve trendlines, Fibo levels etc. So, we may see, on the next days, more those high range candles - watch out for that. As said before, then there are signs that the price may take a reversal but if we look at the behavior, how it drops below the well-known 2018 support level $6,000, then this scenario is also a possibility: * Big drop, currently, big pump * Hammer after the drop, currently, Shooting Star after the pump (Same reversal candlestick patterns) As you see still, anything can happen at this current level. Yesterday, was a great sign that the lower timeframe chart pattern worked really nicely (this ascending triangle pattern) which gives me a confirmation that I can make lower timeframes analysis on the next updates. Let's collect just a little bit more data to be more precise. Please, take a second and support my idea post by hitting the "LIKE", it is my only fee from You! Have a nice day, Best regards! *This information is not a recommendation to buy or sell, it is used for educational purposes only! Previous analysis:
COINBASE:BTCUSD
by VaidoVeek
2
BITCOIN - Again The Fibonacci??The BTC price got a very nice PUMP upwards and the Daily range hasn't been so high since 12. April 2018 - currently the Daily range is almost $1,000!! At the moment there is almost impossible to make any bigger assumption that where the price can land because the pump just happened. We catch that move nicely and to make other precise decisions then we need to collect more data to make a good technical analysis but still, we can discover some areas and behaviors from the past. First of all the strong area which is around $5,000: It has worked first time as a resistance level in September 2017 but the area is strong because of the candles breakthroughs: As you see on the image above there are only two candles managed to crack this level and those breaks have ended up with super-strong candles. Also, we can count this level as a direction indicator. If it has managed to break through from $5,000 then it has made pretty big moves to the break direction. Currently, we have got a rejection from this level and I can assume that this level holds us for a while because the market has to "breath" some time to collect another buying power which will guide us through the $5,000. The Daily range is too high already so, I can say that this was the current mid-term high but still remarkable run from bulls! The major reason why I think this could be an area where we get a rejection is the BTC price behavior from the past: The Fibonacci Power Half a year ago there were multiple idea posts where they all mentioned about the certain pattern on the crypto market and this certain "pattern"/behavior was the Fibonacci retracement golden ratio 62%. Three times the price got a rejection almost perfectly from Fib 62%. It occurred on 5. May 2018, 25. July 2018 and 4. September 2018 and NOW it comes again into the discussion ring. As said before, the $5,000 level has been historically very strong and now it becomes even stronger if we add the behavior into this area. So, definitely watch out for that, do not FOMO, do not get too excited. Ok, excited you have to be, come on this was awesome move but not too excited ;) The third obstacle which should start to work as resistance is the Daily 200EMA. Currently, the EMA200 is around $4,607 and let's see where today's candle may get a close! Above of it would be nice but still, can't make any bigger assumption after that! SUMMARY: Those were my quick thoughts and analysis after the current pump. Please do not FOMO, let the move settle down, let's collect more data from the current levels! Some small confirmation areas: A daily candle close below EMA or even below $4,500 could be definitely a bearish view. A daily candle above 200EMA would be just a small bullish sign, nothing remarkable but a big bullish sign would be a candle close above $5,000 (just in case this $5,000 level but this is unlikely) Please, take a second and support my idea post by hitting the "LIKE", it is my only fee from You! Have a nice day, Best regards! *This information is not a recommendation to buy or sell, it is used for educational purposes only! Previous analysis:
COINBASE:BTCUSD
by VaidoVeek
6
BITCOIN Approaching The Last Down-Trendline!After my last idea, where the Morning Star was the momentum indicator on the Daily chart, the price has made some nice movements upwards and it starting to reach one of a pretty strong resistance area around $4,200. Bitcoin price has climbed upwards inside the ascending channel since 8. February. The channel has one "fake out" which includes that huge manipulation candle downwards but overall it has climbed steadily. Pretty nice consistency from buyers and now, we have 6 Weekly candles closed on the plus side. Usually, consistency is a great sign in the crypto-world - it allows to get FOMO players into the playground, etc. Okay, let's talk about the resistance area which is around $4,200 and which is the major obstacle to reach into the higher levels. Again, one of the resistance criteria is the trendline. Currently, the trendline cannot be so strong because the second touch is the manipulation high (24. February) which is not the perfect point but still, it is important to remark this because this is almost the last down-trendline, here, in the bottom. The second indication comes from the channel upper trendline . As you see on the chart, the channel upper trendline has held the price multiple times. Multiple times it has worked as a resistance level, so as now, and it makes a crossing area with the prementioned trendline. The third criterion is the recently worked resistance levels. Those highs have been mid-term higher highs and it plays a significant role in the next movements. If the price can crack those levels then it has made new mid-term higher high and this is a really good indication especially after we have cracked all the down-trendlines from the bottom. Definitely, the price can't beat this area easily, it needs a lot of buying power and if we watch those last Weekly candles then there is a possibility that the price may get it but let's see what we get from the next days. We just need(!) that power which guides us above $4,200 or this 6 Weeks consistency collapse and it will collapse pretty heavily. First indications about collapse would be a Daily bearish candlestick pattern on the current area, the second one would be a 4H candle close below the channel middle trendline (light-red area) and the third one would a 4H candle close below the channel(red area). This channel could be also a Bear Flag but I can't count it like this because of the manipulation which was 20-24 February but one thing is sure, if the higher timeframe candle gets a close below of it then it could be a pretty strong bearish confirmation. SUMMARY: I wanted to warn you and you should keep an eye on the mentioned resistance area around $4,200. We might get a correction downwards but CURRENTLY, from a price action perspective, not a single sign that this may occur. I will follow this area very carefully and if there should be a sign then I'll make an update! Please, take a second and support my idea post by hitting the "LIKE", it is my only fee from You! Have a nice day, Best regards! *This information is not a recommendation to buy or sell, it is used for educational purposes only! Previous analysis:
COINBASE:BTCUSD
by VaidoVeek
9
BITCOIN - One Really Strong Area, Reversal/Target Areas!Yesterday, after multiple suspicious signs (in the end, they turned technically confirmed signs) and multiple mentions, the BTC price made a breakout below the consolidation area, it made a break below the Head and Shoulders pattern neckline and also the counter trendline got cracked. Now there is a question where I can buy it back or what should I do!? IF the price continues to go lower then in this idea post You can find some opportunities where You can jump back in. Yesterday, it was a nice breakout trade opportunity but now, we have to look where it gonna land and let's try to catch reversal trade opportunity. If You are short then these areas can easily be used as short-term target areas. To be said, I found two possible bounce areas and those areas are far lower than the current price but I would like to point those out, just in case. First one is a bit higher and it has a lower count of criteria. This area needs just a little bit of faith onto the BTC because technically it is decent level but if the train starts to come down then probably it doesn't stop there, yeah obviously if the big boys don't want to come into the market exactly there ;) The first possible bounce area, which can be easily a target area, is around $3,680: There are: - Fibonacci retracement golden ratio of 62% - Historically a strong support area - The last higher low. If this level holds BTC then we have still decent mid-term market structure with higher highs and higher lows. Do we want or don't want but technically we have a super-strong area around the $3,500. Multiple price action criteria showing that the price may take a direction exactly into this area where we can make reversal trades more securely than any other levels before that!! Let's start to count those criteria which matching exactly on this level: 1. The round number $3,500 should work as a support level 2. In this box, we have historically a strong area around $3,560 (blue horizontal line). It has worked as a strong support level and it has worked as a strong resistance level 3. The major counter trendline (black line) from the 2018 low point since 15. December, which acts as a support level 4. ABC equal(!) waves from the February top and the C point is exactly on the lower blue box: So far 4 criteria and they meet exactly at this lower marked area but that's not all... 5. Fibonacci Extension 127% : Again, exactly in this blue box! 6. And the final criterion is like a cherry on the top of the cake - Parallel channel projection : ...and again, EXACTLY it shows that the price may reach into this blue area which is really strong! SUMMARY: The BTC movements are usually full of surprises but those were my support/reversal/target areas. Full of surprises? Yes, maybe the price doesn't reach into these areas but to You and for me it was good to point out those levels, just in case - if the panic kicks in. If the price starts to go higher from the current area then, great, we don't need those levels , but the current market situation is a little bit messy that we almost need this throwback which should clearer the situation a bit. Do not forget to support my idea post by hitting the "LIKE" button! Thank You! Have a nice day, Cheers! *This information is not a recommendation to buy or sell, it is used for educational purposes only! Previous analysis:
COINBASE:BTCUSD
by VaidoVeek
1
BITCOIN - Breakout Confirmation Areas!As said previously in my analysis, the BTC price has drifted between the $3,950-$4,000 level more than 8 days with some small exceptions. The price has printed a nice consolidation area around the $4k (yellowish box) but it starts to show some weaknesses inside of this box. First of all, it is below the major counter trendline and if the 4H candle gets a close below of it then this would be the first bigger bearish sign but as you noticed then this is not the full confirmation because the price is still inside the yellowish area. The second, the third and the final bearish confirmations come as 2in1 and it comes after the 4H candle (4H candle close confirms more securely than the lower time frames candles) gets a close below the $3,940. Let's start from the beginning - after the close below $3,940 we get three breakout confirmations: 1. Break below the trendline/counter trendline: Currently, this black trendline has held the price multiple times and if it gets cracked then those counter trendline breaks have usually worked pretty nicely as short-term trend indicators. The overall and the bigger trend is still downwards (we have some signs that this could be over but not yet) and if this up-trendline gets cracked then the market starts to follow that bigger trend for a while - it depends how strong this trend is. Recently, BTC has made pretty nice movements and I could assume that this correction can't be so deep but we have to take step-by-step after the break. 2. Breakout from the consolidation ar ea: Usually, after the downtrend or after the uptrend price takes a pause which is called as a consolidation or a ranging market. Bulls and the bears fighting each other, no one can't win any bigger battles and that's why this area occurs. Now, if the price makes a breakout from either direction, currently downwards, then it will show that bears have won a battle around the area and they continue trying to push the price downwards. 3. Breakout from the bearish chart pattern called Head and Shoulder: H&S is a bearish chart pattern and it occurs at the end of the uptrend. The pattern gets valid after the candle close below the neckline. Currently, this neckline matching exactly with this consolidation box lower line and that's why I said that we get 2in1 confirmation after the candle close below $3,940 (and if it occurs right away, then we get even 3in1, because of the trendline break is also involved with this candle). On the 4H chart, EMA's 8 and 21 have made a death cross which will be a confirmation after You have seen a breakout. So, almost everything starts to line up to make a throwback (movement down) after the breakouts. The short-term targets are those blue areas below the breakout area. The price movements on the consolidation area are usually pretty unpredictable and that's why I would like to give you a bullish scenario/confirmation area. First bullish confirmation comes after the 4H(!) candle close above the $4k. So as H&S has a neckline, so other patterns have necklines as well. There starts to form a bullish chart pattern called Double Bottom: ...not a perfect one but it is readable, and it becomes valid after the neckline break which is exactly the round number $4,000. Here is also the 2in1 situation, firstly we get a breakout confirmation which triggers the bullish chart pattern and secondly we get a break above the round number. You have to watch also what the altcoins do, currently, they are all on the minus 'side' and if they start to climb above the daily zero points and BTC makes a breakout upwards above the $4k level then it would be another confirmation from altcoins - the whole market gets pumped! SUMMARY: Consolidation area is a risky and unexpectable trading area so, that's why is necessary to wait for a breakout which will guide the price into the short-term direction. Bearish scenario: A 4H candle close below $3,940 triggers 3 bearish criteria, plus we have EMA death cross. Bullish scenario: A 4H candle close above the $4,000 triggers the Double bottom chart pattern. Do not forget to support my idea post by hitting the "LIKE" button! Thank You! Have a nice day, Cheers! *This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
COINBASE:BTCUSD
by VaidoVeek
25
BITCOIN Price $4,500 During This Week!!?If there are fewer manipulation movements then to predict next movements with using only technical analysis is "easily" doable - my previous analysis will prove it. Currently, the price drifting around $4,000, which was my target after the double bottom bounce from the trendline at $3,800. At the moment, this black counter trendline has worked nicely as a support level and it has given to the price several times nice momentums upwards. From price action wise, we have nice and clear higher highs and higher lows plus we haven't broken any significant bearish confirmation areas. This will lead us into the title topic - BTC Price will climb to the $4,500 during this week but why I think so? Maybe this target sounds too utopic but there are some signs, as said, the price has printed nice and clean higher highs and higher lows, altcoins are on the climbing mode and currently(!), everything looks healthy, slowly but healthy - those all indicates that the price may take another wave upwards. ...but most importantly, I think the price will go into the $4,500 during this week (+- 2 days) is the strong coincidences in this level. Several waves analysis, several channel analysis, several Fibo levels, and other price action criteria showing that the price will go and test EXACTLY this area - let's see - if the price starts to approach this level then I write more specifics about the criteria. Also, if this occurs then it would be a very strong sell setup and it is definitely a perfect area where to take out some short-term or even mid-term profits. Actually, this move has to start pretty soon and it gets confirmed after the 1H candle close above channel: The road into the mentioned area has to be pretty sharp and even the FOMO has to kick in to help to drive that price quickly upwards. There are some levels where the price should make a tiny stop, at $4,100 and $4,200, but we have seen that to make $200 dollar pump it is not hard, $200 pump and we are above those strong areas. Yes, lately we haven't seen this because of the low volume but overall this is not a question if 'they' want to do it. This scenario is ruined if the price starts to fall lower than the black counter trendline and if it gets a close around the red area or below of it. All which stays above the black counter trendline is healthy and the bullish scenario is still on the play. BTC has had 4 bullish weeks in the row, I looked up and historically BTC has made 5 weeks continues climbs so, let's see, it's a bit utopic (considering the volume) but there are some sings... Do not forget to support my idea post by hitting the "LIKE button! Thank You! Have a nice day, Cheers! *This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
COINBASE:BTCUSDLong
by VaidoVeek
25
XVGBTC gains momentum + good FA & TA stateMarket analysis led us to the Verge coin. We see a combination of great news with positive indicators of technical analysis. The price of XVG has gathered upward momentum after a recent codebase release. However, relevance remains a challenge given the number of competing privacy coins. We are confident because technical analysis shows positive results. Bollinger channel is widening while we see a series of higher "lows" and lower "lows" at the price chart and price oscillator which are market with numbers. This means the price is ready for upward movement while there is a hidden bullish divergence. DMI suggest a momentum growth and volatility increase. The most common pattern "Triangle" is also here and it helps to choose the best entry point. We recommend to wait till the price comes closer to the end of the pattern and there will be an impulsive upward breakthrough. Set a delayed order to buy above 0.00000172 Sell targets are presented at the chart
XLong
by Skyrexio
BTCUSD - Bitcoin Price Forecast > 2358.13$BTCUSD - Bitcoin Price Forecast > 2358.13$. I think we haven`t found the bottom and we will have more correction to the downside with a steady impulss triggered by this fractal pattern that we are facing and the resistance line that is pushing us down. This will lead us to 2358.13$ during the spring and maybe a new ATL this year. WARNING: There might be some corrections - do not be afraid and panic buy. Important levels to watch: 3581.3 2358.13
BITMEX:BTCUSD.PShort
by UnknownUnicorn1060835
BTCUSD left-centered 2-month cycles still in play ?Hi folks, As we know already, BTC seems to have a Macro cycle of about 4 years length from ATH to ATH. But there is an overlaid smaller cycle structure for the price-movement of BTCUSD on a time scale of approx. 2 months. Currently, as we are correcting or in a bear market, these cycles are left-centerd, i.e. the price top occurs at the beginning of the cycle and then moves down to the end. Graph above shows a possible indication of the small cycles in play, it's off course all about getng the right start/end dates for the cycle-periods ! What I want to suggest is, that maybe we are not out of the woods yet and price may head south a little more.. What I want to see is a right-centered cycle, which would be indicative for a new bullish movement (price top occurs to the end of cycle, together with a sharpe increase and then correction, Elliott-wavyisch...). As always, just guesswork here. Please always DYOR before taking investment decisions. cheers
BITFINEX:BTCUSD
by alkomart
Neutral volume/price analysis on Bitcoin day chart BitStampI'm illustrating this just to mostly illustrate a point about use of volume in price analysis. Bitcoin right now seems to be a battle of small groups or single people perhaps even who are both trying hard to influence market here. Perhaps a semi-larger group (maybe miners again or exchanges) are trying to support price. One large seller or a small group seems to be trying to hunt for stop-losses and or break support lines long enough to influence more downside. Hope this helps someone, this is just my thinking and ideas. DYOR!
BITSTAMP:BTCUSD
by SeanBronato
NAV COIN : 36% Profits in just 4D and Still To show its MAGIC!All short term targets are achieved gaining 36% overall profits in 4 days. Reached : 568 sats Total Profits : 36% Duration : <4 Days **Building its elliott's wave creation and only needs to close above the mid term strong resistance area around 487 sats in the 4H chart. **Still a very good opportunity for hodl and distribute trading option. Remember to drop your LIKES and press the FOLLOW button if you are interested by our forecast and be free to DISLIKE the post or right your COMMENT if you not convinced by the forecast. Thank you for your time to read our posts anyways. With Regards. Good Luck. Legal disclaimer: Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA. You can give us your feed backs and suggestions on our effort in addition to this your questions here in trading view or in our telegram channel by the same name togetherweaccumulate.
NLong
by cryptotalk_et
Sym. Triangle transformed to Ascending T. on BTCUSD chart The previous symmetric triangle formation played out to the upside and the lower trendline together with the current price resistance at ~4090-4100 USD/BTC forms now an ascending triangle, which is usually a continuation pattern and breakout should be bullish. Expected positive price development in the following days, possible breakout above the ~4400 level (neckline of the reversed H&S pattern, that we see forming since over a month)
BITFINEX:BTCUSD
by alkomart
BITCOIN - Technically a Perfect BUY Setup Around $3,530-$3,635!!Hey followers and other TradingView users. Do not forget to hit the like if You appreciate my work after You read it! During this rally upwards, the price has made important higher highs on the price action structure. It has made short-term HH's & HL's and higher timeframe HH's. We fought heavily with the $4,000 level. Multiple attempts to break higher than $4,100 and lower than $4,000. We got bearish signs from the higher timeframes and the price did a breakout downwards from the triangle and it got a candle close below the $4,000. This move guides the price downwards around $3,760, currently, we can say that this is short-term higher low but I think we might see a bounce downwards from the current level at $3,900. This area just below the $4,000 is very strong . Like I said before we had several attempts to break lower than $4,000 but the price got rejections from $3,950. Now, when the price is lower than this level then it starts to work as a resistance - just a simple role reversal. If it finds resistance from the current area (around $3,900-$3,950) then there would be perfect right and left shoulders on the bearish chart pattern called "Head & Shoulders". This pattern will guide us to the major bounce area around the blue area (green circle). The price range for that bounce area would be between $3,530-$3,635. The bounce area is a well known strong area, statistic wise 20 attempts to break through and only 2 of them were successful. Now I think if we reach into this area we will see a bounce if something strange doesn't happen at the same time. The bounce area criteria at $3,530-$3,635: 1 . The trend is Your friend and the short-term trend is bullish so, we would like to search some bullish setups. 2 . The super strong price level starts to work as strong support (blue area) 3 . ABC throwback would be perfect endpoint from the top to make another leg upwards. 4 . Different FIB levels inside the green circle and yes, the golden ratio 62% retracement level is also on the circle. 5 . In my opinion, one of the best Harmonic chart pattern Chypher (which will be easily a continuation pattern) endpoint is on the circle! 6 . Different timeframe EMA's should act as support levels. 7 . If we got a rejection from the mentioned area and this setup ends with a bullish candlestick pattern , then it would be seventh confirmation! Currently, we got just an hour ago a little pump upwards with the altcoins support but still, I believe, if You want to get a perfect entry point I would suggest to watch this area! Make a Christmas present to me and hit the LIKE!! :) Thank You for your support, I really appreciate it! CHEERS! *This information is not a recommendation to buy or sell. It is to be used for educational purposes only! Previous Idea Post:
COINBASE:BTCUSD
by VaidoVeek
17