BTCUSD Bitcoinbitcoin is starting to show some signs of weakness however its not over yet based on its history we can expect a sharp rally towards 11800 if that area holds than we have more upside to come however, if it is unable to close above that level over the weekend than my bets are on the down side towards 9000 area in the short term.
Coins
BTC to $8200 or lowerAfter a highly exceptional run bitcoin reached it's 3.618 target, with percussion.
BTC saw it's value reach, in perfect fashion, the 3.618 advancement line.
Also consider Bitcoin's Dominance found strong resistance at a perfectly measured Gann Fann
Please see related idea:
From here, I see two possible scenarios playing out for Bitcoin.
Either, the bear market is truly over and this 5-impulse wave up was just wave 1 of the larger move to come, in which case look to the blue up arrows and green & orange boxes.
This could see the price achieve a new all time high for 2019. $22,528
OR
It was all the US/China trade war and a trade deal announcement and deescalation of tensions between the US and China.
Such an event would happen over the summer. Between potentially next week and say labor day or end of September if you wish.
I think we will have a better picture of things to come by the end of June and again by the middle of July
But in any case, I am quite confident the price of bitcoin will do some type of correction trend lower over the next 1-3 weeks. (Probably 3 - until the middle of July).
short targets - just follow the Fibonacci road!
Green boxes are pretty safe bets, IMO.
1) $9316 (green zone - high prob)
2) $8136 (green zone high prob)
3) $7183 (Yellow zone - med-high prob)
4) $6229 (Orange zone medium prob)
Long targets for Wave 3
(Bitcoin will eventually achieve ALL of these targets, and beyond.)
1) 11,280
2) 13,530
3) 15,779
4) $18,029
5) $22,528
Alt Season - next wave startingAfter reaching $11,200 -- BTC needs to correct and alt coins need a chance to catch up.
I think the next 1 to 3 weeks will be a rapid bloom time for the alt market but it could all be over by the middle of July!
Let's review.
Regarding BTC, $11,100 represented the 3.618 Fibonacci advancement line, when measured from the bottom to the tip of the first wave. This is often the tippy top price of a 3rd wave.
The next major price milestone will be $15,498, representing the 5.618 line and the next number in in the fib sequence. If BTC doesn't have a major correction or slip back into a bear market, this is the price I would target for the 5th wave.
Looking at Bitcoin's Dominance, we can see it made an impressive run and market take over beginning on June 14th. I noticed a lot of my alt coins pumped hard (but for like 15-20 minutes) on June 13th.
By applying a Gann fan to BTC.D, we can see the level perfectly, and I do mean perfectly bounced off the last wedge, which is often a major resistance line.
Directly above it, we have the resistance line generated by the previous high.
BTC Dominance might recover between the 2/1 and 3/1 wedge but it will be only temporary before resuming downward.
Look for BTC.D to reach and breach 59
Here is what I think will happen.
Bitcoin will maintain it's price above $10,000 for probably a week or so. Probably at least through next Tuesday when the US and China meet.
While BTC's price is kept at this level, BTC will flow into alts, causing them to rapidly bloom over the next 1-3 weeks.
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[YOYO/BTC] YOYOW MAKES GOOD MOVEMENT ( Thats signal with buy range/sl and targets was given some days ago on my premium service, i think its not late to make some profits because looks bullish )
#YOYO / BTC ( Binance )
Buy Range : 415-430
Stop Loss : Below 390
Target 1: 580
Target 2: 690
Target 3: 785
Good luck !
A Big Move Is Coming to Crypto Before the End of MarchThere's an intersection of the downward channel of the log chart of total crypto market cap (colored RED), and the long term up trendline (colored GREEN) , should be before 24th March
Before then I expect a violent move.
It's very hard to give preference to one or the other at this point. All we can say for certain is that it will be a big move. I'd say a preference would be for a move downwards because we're still in a bear market.
However I remain optimistic because of Halvening Event approaching and because we've already fallen around the same amount of % as during previous crashes/cycles.
CMTUSD, Cibermiles break-out soon!CMTUSD or CMTBTC breakout is nearby. Soon we will break the orange line wich is touched multiple times now. An great suply area is waiting. Go long!
A buying opp for Silver as ECB confirm recession is comingFundamentally we have had a very fast leg down right on time for the Yen repatriation fiscal year end flows to begin. There is a lot more upside in the dollar move to come as investors are running to cash.
Silver will naturally benefit from the risk-off nature of these flows, here we have a great buying opportunity for those wanting to invest in more coins.
On the technical side we have completed our first impulsve wave leg to the upside and the retrace in wave 2 is coming to an end. Here building positions for the remaining legs in this move with an initial target of 17.0
Please see the gold charts attached for more information on the impact from a global slowdown on commodity pricing.
Thanks for all the support guys, please remember to like and comment.
$2GIVE #2GIVE Will Make You Fortune on It's Cycle!I'm amaze how shit coin like 2give can really survive the cycles of bear market. Most of you might not know what project is this but from the name you can judge that this one is spreading money away. To be exact, it's such charity project. 2GIVE is the blockchain based social tipping platform supporting charitable giving doing good one bit at a time!
At the current moment it has less than $1.5 million market capital with 520,360,074 on circulating supply.
Judging from the fact that this chart is starting to entering the buying zone cycle again. Grab them by the pu*sy!
I draw some green lines so we can mark to take profit slowly as we watch the market and indicators condition.
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Ethereum - The longer it takes the bigger it getsThe endless wait might just be over for Ether fans. We can see a strong pull back from 2 levels. 77/45 we have touched 79 once before bouncing off to 90's but slowly retraced back to 80's. This area has strong support and can certainly bring in institutional investors to push ether back up towards 300 range.
The condition of this coin is goodHi Dears,
The condition of this coin is good
At the bottom of the price and somehow it's time to buy
But there are two negative things
Bitcoin conditions are not good
In the event of a rise in price, the coin would not be profitable in the short term
The decision is with you, but be careful if you buy this coin
But remember that nothing in this world is 100%
Good Luck
Regardless of the current bitcoin condition, this coin is in gooHi Dears,
The condition of this coin is good
At the bottom of the price and somehow it's time to buy
But there are two negative things
Bitcoin conditions are not good
In the event of a rise in price, the coin would not be profitable in the short term
The decision is with you, but be careful if you buy this coin
But remember that nothing in this world is 100%
Good Luck
Litecoin Short term Pull Back!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Litecoin Short term Pull Back!!
BITFINEX:LTCUSD will pull back at these levels before heading further south. When it breaks @32.200 level it will move heavily south again to at least the @21.400 level. From my experience stay on the sidelines.
Follow your Trading plan, remained disciplined and keep learning !!
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Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
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