This pattern is stating to match the pattern of the last time we were in the 9-10 k zone. Until we put in a new low and a new high I will continue to believe we are headed a lot lower.
This is a very pivotal point for the future of BTC if this line doesn't hold then I'm sticking with my belief that this was one giant bubble, a repeat of 2018 on a smaller scale.
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This is the most probable outcome for BTC, there's gonna be broken hearts and furious moonboys. Leave a like and follow my work if your interested in more realistic market analysis :)
The first correction landed exactly on the 0.5 fib retracement level, we currently waiting for confirmation of an upwards or downwards move at the 0.236 level. Pay attention the next week will determine the fate of BTC. If you enjoy my work please leave a like, comment and follow me for more.
This is the most probable outcome in my opinion, if you want more analysis please gimmie a like and follow my work.
In case you couldn't tell this is sarcasm and unfortunately, the average Bitcoin investor sees this as a real possibility. If you ask me we might retest 9 k then have a major correction, as most of you know the market likes to punish those who buy the tops be careful with longs at this price range and do me a favor gimmie a like and follow me for realistic market...
Dear all, Enjoy this chart. All details are in the chart, showcasing the confluence of bearish indicators for the 33% correction within this BULL market. In summary: 1- One final push to the upside (9.8-10k levels) this week 2- 33% correction to the 50% fib in June 3- rip to $11.5k in July/August, after the RSI and Stoch RSI have cooled off to oversold...
Hello Traders! Litecoin continues to, of course, follow the bullish trail blazed by King Bitcoin. In our last analysis, we looked for two targets - $114 and $135. Our first target, has been hit :) Now, after the first smaller impulse wave on the 4h, we had a nice pretty 62% retracement. Most frequently, the 127% extension is the safest target for any retracement...
The main question that is in cryptocurrency market: this is X in bear market or 1 in new bull market? From my point of view the first variant is more possible because there was too short range in bottom of the market and long-term wave analyze points out that market is in Y now in subsequence X(ABC) Y (ABC) Z (ABC).
As a child of internet 1.0 I've learned to think like most internet perverts that want a quick buck for buying into Crypto. I was hesitant to jump back into BTC but after the first 3 seals were opened I finally had my Drinking buddy who is a complete idiot regarding Technology (typical American). I just needed the fourth seal to be opened before I knew It was...
BITSTAMP:BTCUSD is moving in a strong manner. Like I said in my recent post, it is right now a difficult situation, there are many short signals, but also a lot of bullish signals. My main concern is that I see too many bearish traders. This often means that we will keep rising through resistance because those people will get liquidated over and over again...
The price for ARI is moving in an ascending channel on the weekly and daily timeframe. The share price is now at the top of the ascending channel, which represents a critical resistance level. If prices find support at the 17 000 psychological level or the inner trendline, then we can expect prices to continue further with the bullish move. However, if prices...
Hi Guys! Sorry for the long pause. I was taking some vacation time ;) Now back to the charts! As we see on this 1 D chart on Coinbase, BTC looks like it is topping out here in the 5600-5700 $ areas. It might have the last attempt to go higher to the 5800 areas, but I guess really soon the short term trend will reverse. In May 2019 we will see some strong sell...