Page 9 | Crypotcurrency — Trading Ideas on TradingView

Will bitcoin go to 10,000 dollars?Will bitcoin go to 10,000 dollars? It's not impossible to say. That's because the U.S. tax deadline has come. Some may think the traders of bitcoin and virtual currencies are returning to the market for bitcoin and altcoin after paying the taxes. Let's look at the chart! Currently, BTCUSD has digested a large quantity of the selling volume from late March to early April. As you can see, the bitcoin is now rising up with a classic Elliott waves. The Elliott wave generally consists of five waves of rising and three waves of falling. Now, bitcoin is the first to penetrate the black cloud of a major trend. A large trend of black clouds is a support line and a resistance line that determines trends ranging from a week to more than a month. First, when the market breaks through the black clouds, the trend had become uptrend strongly. The current price has exceeded the first black cloud, and the wave is the first Elliott upward wave. It is the second Elliott climb wave that hit and falls on the ceiling again, and the third Elliott upward wave that hit the bottom of the trend line. Now prices are at the end of the third wave of rises. There will be a decline in selling soon. If the price forms the fourth wave of rising waves, and then the price rises again after it has dropped to the bottom, then the timing of the buying is the optimum.

Watch Out For ONT Keep this one on your radar. Ont always has good price action Give it some time. Looks like it's getting ready for another breakout. Don't trade it just yet. Wait for the 200 ema (blue line) to get underneath the price and for the 55 ema (orange line) to cross the 200 ema Remember to wait on this to see where it goes, there is a possibility that it fails. I'll be sure to update it

Verge USD Bittrex entry and exit Verge performs nicely in anticipation of positive news to be announced on the 16/4 or 17/4. On a 60min chart we can see that the price almost touched to top of the 2nd square. Therefore, I believe a correction to the bottom of the 2nd square is immanent which constitutes a possible entry point around 0.069 USDT. Afterwards, and only if Bitcoin does not fall any further, a run up to the top of the 3rd square seems plausible where one could exit its position around 0.115 USDT. Keep in mind that the short-term market trend seems unclear, hence posing higher risks.

Buying ETCBTC The level around 0.001950 is a strong support zone. Breakdown of inclined support and fixing over EMA 50 on the timeframe H2 - signal to buy

Understanding the Bitcoin Parabola and History of Parabolic Move As I've said in previous posts, I fear this is a huge bull trap. I don't know for sure. I just think its a situation we have to be prepared for. I'm a huge crypto and bitcoin bull in the long run. But I'm also a believer in cycles and patterns. And parabolic moves have an uncanny ability to follow a similar pattern. What is a Parabolic Asset Move? This happens when an asset is moving in a strong bullish channel for a long time but sentiment gets even stronger. Then suddenly it breaks up into an accelerated channel. Then it accelerates again, and again, as people start chasing price. The asset never goes down, so people are buying only because price is going up. Until it finally goes straight up. Then it has a crashes and it goes into a bear market. There is also a pattern that can help us determine the length of the bear market. That first ascension into an accelerated channel marks the beginning of a parabolic move. You can see I marked it on this chart around March of 2017. This is important because the length of time to start and finish the parabola is usually the same or very similar time it takes to complete the bear market low. Let's look at history of Parabolas Crude Oil Parabolic Move: 6 years, 9 months Bear Market length: 7 years 4 months Silver Parabolic Move: 3 years, 6 months Bear Market length: 4 years 8 months NASDAQ Parabolic Move: 3 years, 8 months Bear Market length 2 years, 6 months (NASDAQ the shortest bear market but made the steepest drop) Bitcoin - The King of Parabolas Bitcoin is amazing because its a parabola machine and has already had 3 of them. A small move in 2013 then a larger one in 2014 then of course the 2017 move. People love to point to the mini parabola in 2013 and say "SEE, it doesn't need that long to correct, that one rebounded fast!" But if you look closely, you will see that it started its accelerated incline in January 2013. It peaked in April 2013 just three months later and then the bear market bottomed in July 2013. 3 month parabola, 3 month bear. When you take a longer term view of the 2014 Bitcoin peak, you can see that the accelerated channel of the big parabola begin in January of 2013 and ended November 2014, 11 months later. That bear market bottomed in January of 2015, 13 months later. Again almost the same length of time as the parabola. So the 2017 Bitcoin parabola took 9 months to complete. That means I expect this bear market to bottom around September, then start ascending to the right side of a cup and handle that will catapult bitcoin to new highs in the spring of 2019. Since bitcoin has been so strong, I would not be surprised if followed NASDAQ and peaked early around June-July, so I will be looking for lows at that time too. Can I Be Wrong? Absolutely. Bitcoin has done some things in its history that have blow me away. And its a very young, exciting market. It's a disruptive technology and it could boom. It could defy the odds of history. I just rely on patterns to give me realistic scenarios. My research suggests this scenario is mostly likely. Time will tell if I'm right. What Can Change My Mind? Just the same, it would be stupid for me to 100% count on a bearish scenario. If bitcoin really is that strong of a bull, its possible we don't make lower lows and the bear market is the shortest parabolic correction in market history. I will be looking for a weekly close with a new higher high above $11800. That would be a good start. Finish that inverse head and shoulders. Break that neckline. Then eventually get a weekly close above $13000. At that point, I'm less cautious and looking for long term bullish trades.