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BTCUSD. Rise like a year ago or further decrease?At the 1-day chart the Descending triangle which was formed up from the previous triangle which ended in April. Technical analysis of the chart suggests a positive scenario for BTC price upward movement. Nevertheless indicators are still very bearish: Momentum and MACD suggest to sell BTC now, EMA (20, 25, 30, 35, 40, 45, 50, 55) are negative and the conclusion is to sell BTC, even SMA and HMA are negative. Although Stoch has just left the oversold zone. Price oscillator revealed no divergence as Higher lows patter was broken. SkyRock Signals team does not trust in the current indicators status. the reason is that we observe fall of the momentum while there is a multiple progression of the triangles.Further price movement is highly dependent on the expected breakout on the 4th of October, location is drawn at the chart. From the ATH (All Time High) on 17th of December, BTC formed numerous descending triangles and lower highs + lower lows. They are market with numbers from 1 to 5 at the chart. Which is a very bearish mood indicator. We can see that something has changed and 4 & 5 lows are higher than other lows in the channel. Fluctuations are narrower and narrower. Many can claim it is a sign of reversal, however this can be a sign upcoming sudden sharp decrease. Current status: negative-neutral Fundamental analysis starts from investigation of market players mood. Bulls claim and ensure people that Crypto market has reached its bottom and BTC has a very strong support at the current level of $6 400. Taking into account historical price movements and results of the current Technical analysis our trading team thinks it is very vague and doubtful. Descending triangles are Bearish continuous patterns. The only chance of the positive movement is upward breakout in the Short term which we mentioned before. Otherwise there can be a sharp downward movement which will crash the market again and we can see $5 000 - $5 500 levels. We highly recommend to carefully watch BTC chart before taking investment decisions. Mass adoption that we expected this year failed. There is clear forecast about when it can happen. Practically after such a hype about cryptos and mass adoption failure in this conditions we can see that the BTC blockchain technology is far from the society demands. Adoption can happen in case of social development which is expected in the very Long Term and in case of technology development itself which will make it easier to integrate it to the worlds economy. Crypto are plagued by fraud, uncertainty, extreme speculation that is why we observe institutional rejection. However we see that the idea of cryptos is still interesting for majority as by 2018, it has been reported that The United States Securities and Exchange Commission (SEC) is considering the idea of creating a Bitcoin-ETF. A Bitcoin-ETF would be an investment tool using Bitcoin as the main asset. The main purpose of it would be to facilitate the investing process into cryptocurrency and make it more attractive for the community. Conclusion: There is a wide negative background for Technical and Fundamental sides of BTC analysis. We can see further decrease and consolidation around $5 000 - $5 500 level. This will open the opportunity to play short and earn a good profit as for alts so for BTC. However, there is a small chance that Bulls will force the price to breakout till the 4th of October and we will see fractal pattern completion, so BTC and the whole crypto will rise as they do in autumn and winter. You can see that the side of the second triangle intersects with the parallel projection of the major support trend line. So, there is a small possibility that BTC can find support there and forecasted breakout will happen. Nevertheless as it was mentioned before such situation is very doubtful as Bulls power and volume are low. Technical and Fundamental analyses were made specially for our partner Lifehack Channel. Sincerely, SkyRock Signals team
COINBASE:BTCUSD
by Skyrexio
5
Short! Targets Marked and stop loss setHello Traders, We are at the top of two bearish channels. Hopefully everyone recognized it and shorted the safe zone. For some reason the last chart did not publish correctly, here you go, hope you enjoy your profits. Lately I have not had a lot of time to update tradingview charts. Everything we provide is free and for the betterment of the community. Please give us a like and a follow. Remember everyday, new data, we try to stay up to date constantly. We have great group of good traders from the community here who are part of it and you can find it by checking our signature for more details. Tradingview is not a free community and there is not much we can say here without having issues with or our charts deleted. So best thing is to constantly share updated charts and real time trading ideas. Check our signature. Play the market don't let the market play you. Lets take back the power!! If you want to educate yourself or share your ideas, come find us... Stay Frosty. Decentralized Live News
BITMEX:XBTShort
by achtung360
5
Bitcoin just bounced of its uptrend & approved reversal to 8000!Hello guys, Yesterday I published a chart about Bitcoin's possible reversal possibility last time I went for a reversal pattern it went from sub 6k to 8.8k and now we are going from sub 6k to 8k we have 1d stoch just coming back from oversold area we have a good green wave in ewo so we for now we are on our way to 6.8k then we should retrace and find support and keep in the uptrend or at least make a higher low when we find our support later the cycle should take us to 7.1k and then go to then we should find our support I think at 6.7k from where we should moon to 8000 and with no changes from ETF news 8000 is good enough. Good Luck, traders! #moon #mooncommunity
BITFINEX:BTCUSDLong
by farhadjafarov7
4
BTC Enter and Exit Indicators These are a set of strong trading signals that can be used for entry and exit points. I have used Bitcoin as my example as it clearly shows strong entry and exit points. Please look at the graph and indicators carefully as it can be hard to follow. The way it works is that a confirmation buy or sell signal happens when all 3 indicators cross over their respective boundary line. Once all 3 have crossed over or under their respective lines it almost always shows the direction of the new trend. So breaking down the indicators: Commodity Channel Index (CCI) Inputs: (75,OHLC/4) Stochastic (Stoch) (20,3,3) Chande Momentum Oscillator (8,OHLC/4) (ChandeMO) The conditions is that all 3 indicators must cross over their respective lines at the same time. For a Buy Signal: 1. ChandeMO must be below and is crossing above the 0 line 2. Stoch must be below the 25 line and has crossed above it 3. CCI must (should) be below the -100 line and cross above it Buy security when all indicators have closed above the line Sell Signal: 1. ChandeMo must be above the O line and has crossed below 2. Stoch must be above the 75 line and has crossed below 3. CCI must (should) be above the 100 line and cross below Sell security when all indicators have closed below the line In extremely volatile markets and securities, the indicators fail to be very reliable as can be seen with the earlier sell line (red line) for BTCUSD. This is not a definitive trading signal but is good entry and exit guide.
BITFINEX:BTCUSD
by Dubsta000
2
BITCOIN - Searching Some Bullish Price Action to Enter The TradeHello followers and other TradingView users! Now, over a week lasting down-pressure ended yesterday! We got a nice pullback candle which indicates for a short-term bullishness because we manage to push the price back above the April support and above the round number $6500! The bounce was supported with trendline which was pulled from daily candle bodies from 15.09.2017 and second touch 29.06.2018! Like I said yesterday in my last topic that, if we get daily candle close above those levels then today I search some buy entries if we retest the $6500 area. And at the moment we are here to retest those supports, now, what we need is bullish price action and what is bullish price action? Bullish price action is this when we get some confirmations from candlestick patterns, chart patterns or from HH & HL formations etc. So, at the moment I start to make updates on what I see and hopefully we manage to catch some moves! Right now the price test the April support level! Here we can see also one sloppy inverted Head & Shoulders pattern which indicates bullishness! Also, I put on my chart one green and one red box! Green box confirms bullishness, we need a 1h or 4h (better is 4h) candle close in this area or above that to confirm bullishness! Nice yesterday's candle above strong levels, retest those strong levels and climb continues! There is also a red box which indicates bearishness: If we get a close in this area then it shows us bulls don't have the power to hold and push the price upwards and the selling pressure is still massive. Close below trendline, close below strong levels and I thin even 6k doesn't help to find support if we get close in this area but let's see! Summary: at the moment, like I said, I search BUY entries and I search bullish price action before we can make buy! PLEASE, don't forget to SHARE this, hit the LIKE and the FOLLOW button if you feel this topic deserves it! That's the best way to support me and help to push this analysis to other users. Best regards!
BITFINEX:BTCUSDLong
by VaidoVeek
37
BITCOIN - Nice Short-Term Reversal Area @ $6666-$6780!Hello followers and other TradingView users! I would like to share my thoughts about one good short-term reversal point! Long story short - reversal point criteria: 1. Fibonacci retracement level 62% (Pulled 24.06.2018-29.07.2018) 2. Fibonacci extension level 141% (Pulled 20.07 - 25-07) 3. Strong resistance area (more than 10 failed attempts to break the resistance from past) becomes a support area! 4. Trendline since 24.06.2018 with three touches and now waiting fourth! 5. Two types Elliot Wave complete the 5th wave! (a bigger is on the chart above and the smaller I put to the update section below this post) 6. ...and the MAGIC nr. area $6666 :) 7. Candlestick pattern So, those are my criteria's to make BUY at this price level! Definitely, I want to wait for some candlestick pattern confirmation from this price level to confirm bullishness! Hopefully, this helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment! To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;) Thank You for your support.
BITFINEX:BTCUSDLong
by VaidoVeek
62
BITCOIN - Back Below The Main Down-Trendline!!Hello followers and other Trading View users! I try to give You some price levels what do You need to watch closely! 1. Red box bounce upwards: We came down pretty sharply from the top just some short-term price pauses and pumps (luckily we manage to catch this pump) so I expect a little pullback and we may bounce upwards a little bit but I don't trade that because there is a pretty strong downtrend and only a few criteria to enter the trade! If we manage to catch some candlestick pattern in this price level then I say it on the update section but for a bounce, we have there the RSI Divergence and support/trendline crossing area! We might and go to retest the green box above the current price and there we can even read out some sloppy H&S chart pattern which means bearishness! 2. Bearish red box confirmations: If we get a candle close the $7200-$7230 then it would be a decent bearish confirmation area and below that, we have just a clean run to the yellow area where old strong resistance becomes a support! Bearish confirmations: * If we get a candle close in this red box this means we have a lower close then 21.07.2018 * If we get a candle close then we are again in the channel (blue lines) * Trend is Your friend! 3. First BUY opportunity at $6666-$6820 criteria (we have a nice crossing area): * We have taken out the clean area/strong candle (market doesn't accept those) between the $6800-$7200 * A perfect Fibonacci retracement level 62% * Strong resistance becomes a support * Trendline since 24.06.2018 * The old and good magic number $6666 ;) So, it would be a nice setup, it would be very good when it happens before 10.08.2018 after that some criteria's move away from the crossing area! 4. Also, I have there one light red box which means we go and retest the lower levels or even make the lower lows * Break below the trendline since 24.06.2018 * Break below the strong supports Hopefully, this helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment! To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;) Thank You very much!
BITFINEX:BTCUSD
by VaidoVeek
48
BTCUSD IHS and expected correctionBTC pump started on 15th of July due to good fundamental news: the first M&A deal using crypto. This significant upward movement brought the price to the major resistance level and finished IHS pattern. This is the first reason why BTC volume grows up and the price goes through resistances so easy and continues its growth. However RSI is overbought and Technical indicators are bearish. Bull bear power is negative and it seems like BTC is going to retest $8 000 level and may consolidate even lower in the $7 600 - $7 900 zone.
COINBASE:BTCUSD
by Skyrexio
BITCOIN - 7 Short-Term BUY Confirmations!Hello! Technically a very nice setup! Criteria: 1. Old consolidation box retest and this consolidation box created a very strong resistance which becomes now a support! 2. Fibonacci retracement level 38% 3. Round number bounce $7500 4. The major trendline retest and bounce 5 . After bounces - bullish "Hammer" candlestick pattern 6. RSI oversold and bounced from RSI trendline! 7. After bullish "Hammer" next hour close was above the support level and above the 38% Fibonacci! So, technically a very nice setup! Hopefully, whales don't mess with us! Hopefully, this helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment! To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;) Thank You very much!
BITFINEX:BTCUSDLong
by VaidoVeek
59
BITCOIN - Soon We Will Know The Short-Term Direction!Hello dear followers and other TradingView users! In the weekend we moved sideways on the very small price range - between the $8100-$8300! In the last topic, I gave to You some price levels what You need to watch but at the moment those levels are moved a bit lower and there are two bounce level opportunities where You have to watch what the price do! In those green boxes, we need definitely a strong bullish candlestick pattern to confirm that the bounce may happen! Bullish scenarios: *Breakout the strong resistance area around $8300 We have touched this level ten times and ten times we have bounced back from there (upper light yellow box called strong resistance)! So, this level looks like a pretty significant and if we find a power to break it, this will mean that we continue to climb the higher prices! *Bounce 1 (Upper green box) criteria: 1. Decent support (thinner green line) $7745 2. The smaller Fibonacci retracement level 62% 3. The minor trendline retest So, in this price level we have three confirmations but definitely, we need also a candlestick pattern confirmation because this level is a pretty risky and between the two major areas! First Target $8000 *Bounce 2. Lower green box) criteria: 1. Old consolidation box retest and this consolidation box created a very strong resistance which becomes now a support! 2. The bigger Fibonacci retracement level 38% 3. Round number $7500 4. The major trendline retest area And yes definitely we need also here a nice and clean bullish candlestick pattern to confirm that bounce because the 'ice' is very thin between the bullish bounce area and the bearish confirmation area so, be careful in this price level mistakes are easy to come! First Target $7750 Bearish scenarios: * Break and close below the strong support around $8000 (lower light yellow box) First target $7800 Bearish confirmation (red area): 1. We have broken the round number area $7500 2. We have broken below the main trendline 3. We are back below the minor trendline 4. We have a break below the support areas *We need at least 1h candle close in this area to confirm this! First targets would be around $7000 Hopefully, this helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment, I like feedback!
BITFINEX:BTCUSD
by VaidoVeek
57
BITCOIN UPDATE!BITCOIN REFLECTION FROM THE Y-AXIS!Hello guys, I have been staying bullish for the whole time lately even though the market corrected and I could hear 5k predictions again but what I see happening is a reversal and it looks like we get a reflection of what we had before when we corrected from 8400-8500 area so now we are on our way back to 8400-8500 area soon where we would be making the cup and start going for the handle.. So far we are staying LONG till 8500... Good Luck, traders! #moon #mooncommunity
BITFINEX:BTCUSDLong
by farhadjafarov7
3
BITCOIN - Technically The Good Areas For Trading!Hello dear followers and other TradingView users! I would like to point out one technically good reversal point (bullish) and one confirmation needed the bearish point! Bullish Reversal point consist (green box $7630-$7750): 1. 24.07 we had a breakout from the main trendline almost the last down trendline which was pretty significant and now we start to go and retest this area again. So, like the textbook says: if You see some breakout wait for some retest and You are ready to go! :) 2. 23.07 we break back above the minor trendline (blue) and this green box is located almost perfectly the major and the minor trendline crossing area! Crossing areas are pretty strong areas and there we need some power to push it down if we don't see this power then it's the perfect spot, but that's not all... 3. The trendline crossing area is exactly on the Fibonacci retracement level 62%-70.5%! So we have now three confirmations! 4. Also in this area, we could find the 200EMA , yes if the price goes a little bit sideways then it will be rise but not so significantly that we can't count this as a confirmation! 5. And the last confirmations I put in the same topic because those are not so strong and not so confirmed (a little bit sloppy) but there is a small green trendline with two touches and there is green line exactly on the Fibonacci level! 2in1 resistance becomes a support and the thin green trendline! 6. Little sign is also RSI Divergence but this is so little because this divergence is almost everywhere and does not work very well lately! So, we got 6 price action criteria from this area and if we get also from this area some candlestick patterns then it would be a nice setup! We could see there some bounce but how big that's the question because the whales start to lower the price and they want also jump on the board :) First targets would be then around $8200 Confirmations to confirm bearishness (red box $7410-$7490) we need at least 1h candle close in this area, if we got oue candle close in this area then: 1. We have break the round number area $7500 2. We have break below the main trendlin 3. We are back below the minor trendline 4. We have a break below the small green trendline So, we have a lot of 'breaks below'! First targets would be around $7000 Hopefully this helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment, I like feedbacks! To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;) Thank You very much!
BITFINEX:BTCUSD
by VaidoVeek
30
REALLY?! BTC BREAK THE LAST DOWN TRENDLINE!!Hello everybody! Last two days (even week) are been very bullish for Bitcoin! We have broken through the resistance after the resistance! Now there is the question mark, do the 'big guys' want's to lower the price little bit and jump on the board with all this bullish momentum! In the 1 day chart, You can see that this down trendline was almost the last correct down trendline and at the moment we manage to break through from that! If we continue climbing then I can see that the first resistance are around $8400-$8500 where is also Fibonacci retracement level 62%. Lately, the Bitcoin price has recognized it very well but let's see again I continue to break down this on the update section but at the moment this is pretty hard whales are here and whales playing with us a little game :) Also more than two months ago we touched the 200EMA and now the price is above 200EMA. Yes, the day is not over, the day is just started but still! $8.4k-$8.5k level is also this area where we will meet again over 4 months period with the 200MA so, let's see what this brings to us! At least some interesting times on the market again! To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;) Thank You very much!
BITFINEX:BTCUSD
by VaidoVeek
68
BITCOIN (BTC) IS ON THE STRONG RESISTANCE AREA!!Good morning/evening/afternoon my dear followers and other TradingView users! Finally, I'm back from my vacation and ready to read the Bitcoin chart! After collecting some bearish/bullish criteria we have had a very nice predicted moves from the past and at the moment my "Head & Shoulders" chart starts to gain some popularity but let's jump into the action! Bitcoin has shown a very nice growth in last week (over $1000) and closed below (!) the round number $7500! So, we could see some reaction from this level, actually, we already have a sideways movement from this price level, sideways move to the strong crossing area (strong resistance)! The strong resistance area in numbers would be @ $7680-$7830. "Strong Resistance Area" consists of several different bearish criteria: 1. We have a down trendline since 20.01.2018 and now we are waiting for the fourth touch/bounce or breakout! 2. We have a strong and clean resistance @ $7745 3 . We have a weekly candle close below the round number $7500 4. We have two bearish candlestick patterns from this area in the daily chart (Hammer and Doji) 5. Above the $7745 is the 200EMA waiting for us 6. We have a minor trendline upwards with bounces 7. We have a massive RSI Divergence on the daily chart 8. And if we want to complete almost symmetrical Head and Shoulders pattern then we have to come down and come down at least $7000-$7100 So, here are a lot of bearish confirmations - who have a short-term long (BUY) positions open You have to be VERY CAUTIOUS! In the update section, as usual, I make smaller timeframe updates to get better and faster understanding where the price is heading! To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;) Thank You very much!
BITFINEX:BTCUSD
by VaidoVeek
38
BITCOIN VIDEO UPDATE / JULY 20th / Lambos or Toyota ?Hello everyone, i ran out of time on video (its hard do capture everything). I didn't have time to put elliot wave on impulse but like i said, i dint really use elliots until bullish move up is confirmed. I would have to see strong pass with nice close above yellow resistance line. I think We will see a lot of price action between 7775 and 6700 closing triangle slowly, im still bearish for next months and hoping for great bull run later in late 2019 and/or 2020 Im sitting on my shorts now from 7660 and have 1 more short order sitting at 7775 i will probably start closing shorts at - 7055 - 6860 and build long at support between 6860 and 6700 ill let you know more details once we get closer but thats my plan for shorts now. IF we bounce up from here and go above 7780 there is cluster of resistances, im not planning to put stop loss on this position now, unless i see strong bullish action than i will reevaluate everything and let you guys know. Thanks for support, if you want notifications on my Analysis you can follow me on Twitter @LorenCrypto as always, happy trading and Good Luck !! Take Care !
BITFINEX:BTCUSD
by UnknownUnicorn1091557
14
BITCOIN - 13 FAILED ATTEMPTS TO BREAK THE $6780Hello! Since 25.06.2018 BTC has formed several higher highs and higher lows which in turn has created different chart patterns. At the moment I have drawn in the chart one widening channel upwards (clean and clear higher highs and higher lows) and the "Ascending Triangle" We are a very top of the price range, here is the decision point where we want to go in this week! On the 1h timeframe we have a very strong resistance area at $6780 , at the moment 13 attempts to break this level but no success yet, all attempts are failed! If we look closer those chart patterns - we have mixed patterns on the same price level! There is a little bit sloppy but still "Ascending Triangle" which indicates bullishness and we have a continuation pattern (the bigger trend is down) "Rising Wedge". So, breakout either direction is due to the pattern and the pattern confirms it! In the update section, as usual, I make smaller timeframe updates to get better and faster understanding where the price is heading! To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;) Thank You very much!
BITFINEX:BTCUSD
by VaidoVeek
58
BITCOIN BREAK THE MAIN BIG TRENDLINE!A couple of days ago we had a massive move upwards (correction)! The day ends with an Engulfing candlestick pattern and closes above THE MAIN BIG TRENDLINE sine 17.12.2017 which means we broke the main down-trend at the moment! Right now the BTC price forms a continuation pattern - "Bull Flag" . Bull Flag is supported by EMA's and a resistance area which becomes a support! This resistance/support area is also a restest from W formation breakout trade (Double bottom) - breakout area was $6300 and now we retest it. So, this is the first option to go upwards from here! The second option is at the $6100 level! Recently, the market is very sensitive on Fibonacci levels , especially the main retracement level at 62%! We might see some pullback to $6100 where is our strong green line and also supported with Fibonacci retracement level 62%! Summary: I think that now we see some "green" in the market at least several days, this is very hard to tell was this THE MAIN REVERSAL point or not! If whales want's to lower the price again then they can do it but the whole market sentiment is at the moment bullish and also from TA. perspective! To be continued in the update section below.... PLEASE, don't forget to SHARE this, hit the LIKE and the FOLLOW button if you feel this topic deserves it! That's the best way to support me and help to push this analysis to other users. Best regards!
BITFINEX:BTCUSDLong
by VaidoVeek
125
BTCUSD Short term scenarioA more thorough analysis of the Short term situation is presented on this chart. If BTC manages to break through the resistance of $6500 and consolidate itself higher, then the price will have the opportunity to test the level of $7000. However the more probable opportunity is a slow and small rise after which there will be a decline to the lower edge of Ichimoku cloud. In case of not overcoming resistance to the support range $6100-6000. The next step will be a reduction to the long term critical support around $5600-5900 up from which there will be a gradual rise which was described in the previous analysis
COINBASE:BTCUSDShort
by Skyrexio
BTCUSD Long term scenarioOn the 1-day timeframe chart long term BTC analysis suggests that BTC finally gains strength. There should be a new rally soon, it wont we similar to the previous where BTC was pumped however it will be a gradual rise within months till the middle of the Autumn. It doesn't look like this time BTC will fail again. There are a much more solid technical and fundamental foundation this time. Ichi cloud lines intersection and XABCD pattern with repeated BB contraction suggest that there should be trend reverse. This is confirmed by regular bullish divergence and price movement in the median channel. Nevertheless there are a high possibility of decrease in the short term. On the large timeframe scale it can be seen that the price should go back to the critical support level around $5900. There will be more thorough analysis of short term timeframe chart later. Still there is no guarantee of a great and smooth rally. When it consolidates around support line in the short term there will be new wave of growth which can be accompanied by drawbacks or sharp rises. We have a very strong rally foundation now the only problem is that the market is still not confident to just buy and FOMO again. Trust has been destroyed during two last month of market falls. So there is a big chance BTC will go sideways in the mid term after short term consolidation. Conclusion: current BTC price rise is only upward correction of a downtrend in the short term. The price will move to the mentioned on the chart zone. However according to analysis in the long term the price should move upward after that till Autumn. Moreover in the mid term there is a chance of sideways movement. Breaking $10 000 level will be a strong sign of a new wave of growth which will be confirmed after consolidation around $11 360
COINBASE:BTCUSDLong
by Skyrexio
BITCOIN TAKING THE BLUE PILL!Our hero Bitcoin is at its decisive moment since its making another faling wedge reversal on the 1h chart we should expect a rise to 6700 USD where we will be looking for a retracement to 6500 USD. Why I think the blue pill? Well the general trend is quite bullish and a bull run is expected soon so we should see our hero making a breakout soon and RSI is oversold if to look at general trend (1w chart) so July should be green guys! Only blue pills for this month! Good Luck, Traders!
BITFINEX:BTCUSD
by farhadjafarov7
5
BTC TO 10K, CYCLE JUST STARTED!So if we follow BTC correction trend from 10k to 5.7K it seems as if it has been forming a falling wedge pattern where we should expect a reversal happening as the downward trend is becoming compressed and a falling wedge reversal pattern indicates that the price should move to the price where it was at the top of the wedge which is 10k value however I would expect this run to take as much time as it did for the correction from 10k to this point which means we experienced cycle 1 which was the correction and now it seems as if we are at the start of cycle 2 ( each cycle = 50 days). So to all my HODLERS, buy now as this is a lower price and sell when we reach 10k if the price breaks this resistance then next resistance is 12k so buy back again after we break 10k and sell at 12k. To all my traders of other crypto currencies, a lot trade opportunities are coming up keep your eyes on top altcoins such as ADA, XLM, XRP, ZEC, VTC (very undervalued great opportunity), ETH, IOT, NEO, STRAT (very undervalued great opportunity), XEM, LTC. Good Luck, traders!
BITFINEX:BTCUSD
by farhadjafarov7
WHAAAT...BITCOIN IS BULLISH??!!Goooood morning! BTC made the lowest low since November 2017 . The drop was very quick but luckily I managed to inform right on the time that BTC shows us bearish criterium and sell your alts (because of altcoins follow up with BTC). Now, when we are taken out the two low points in one day 06.02.2018 low $6000 and 13.06.2017 low $6107 the daily candle close was above both of those levels and daily candle looks like a bullish "Pin Bar" This shows for us a little bullish momentum! Remember I said in last week that I don't like that a weekly candle closes was below the current main support area which was $6500 and look what happens on the weekend - massive drop! So, at the moment our weekly candle close was above the main support levels which are a good sign for short-term bullishness! Right now, like You see on the chart, we have a decent harmonic patter "CYPHER" and that tells us we could see a climb to $7300 area but the road to there is very heavy and bumpy! First of all this red trendline is THE MAIN TRENDLINE since 17.12.2017 , if we manage to break this then it would be another bullish sentiment confirmation and after that comes EMA's and the other different strong support areas like $6500 and etc. (those we discuss on the live updates area) Right now I would like to say that my short-term view, if we watch only the price action criteria, is bullish! Don't forget to SHARE this, hit the LIKE and the FOLLOW button if you feel this topic deserves it! That's the best way to support me and help to push this analysis to other users. Best regards!
BITFINEX:BTCUSDLong
by VaidoVeek
75