BITCOIN-Slightly Bullish Signs Comes From The Higher TimeframesHello followers and other TradingView users!
Over the weekend BTC stayed below the strong area (blue line) at $6,767. Eight attempts to break above but all were failed.
Since Sept. 6, BTC' trade between the $6,100-$6,500 and in 21. Sept. it made a breakout upwards. Currently, when we had several unsuccessful attempts to break the strong resistance level at $6,767 we got a very quick bounce downwards, this bounce touched almost the $6,500 area which is the perfect scenario if we want to see a bullish Bitcoin'. The perfect breakout trade = breakout + retest the breakout area and technically it ready to climb higher/lower depends on the breakout!
The bounce was supported with EMA's on the four-hour chart. It touches all the important EMA's (50, 100, 200) and after the bounce upwards it closed on the green, which gives us a bullish candlestick pattern called "Hammer.
To give a week overview and week direction then, there are several bullish signs on the higher timeframe:
* Weekly candle close was pretty bullish, its a "Hammer" or a sloppy "Hammer" candlestick pattern
* Daily is above the 50 EMA, it has a retest and bounce already!
* 4-hour, BTC' trade above the EMA's and 50 and 100 EMA made a golden cross (which is a bullish sign)
* Depends on the viewer but there is also a possible "Bull Flag" (orange area)
So, we might see a bullish Bitcoin' but currently, we have to take down that strong resistance level at $6,767!
To give to You also a bearish view then, if Bitcoin' breaks down below the "Bull Flag" (a candle close below the magic number $6666) and below the minor trendline (black line around this area) then the price might go lower than $6,500 then this could be a bad sign because then we are again in the consolidation area and we don’t know where it gonna break next, several times we have seen a break upwards (luckily) but the next one could be downwards. So, if we move down between the $6,000-$6,500 please be cautious!
Hopefully, this quick overview helps You out a little bit to confirm Your own analysis and levels!
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Have a nice week!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Crypotrading
History repeating itself? Schoolboard example if you ask me(ETH)Hello everyone
Just a thing that caught my eye today, no major update. Let’s get straight in to this!
So in April we saw a cup and handle pattern in the oversold part of the RSI, look what we’re creating in august! We are now at a very strong support level (275). We’re not going under that level if you ask me! If history repeats itself we could go up with 128%. That would mean to 607USD. That is exactly at a very strong resistance level.
ETHBTC
Also here just some bullish news, we’re now at a very strong support zone, I don’t expect ETH to go under that zone, if we do, our next target is at 0.023.
Just a small idea of ETH today,
made a big update on XRP today, go check it out!
Love to hear your opinion on this!
DM's and comments are always welcome.
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ProShares Aug 23 | Weekly bull pinbar | Leaning bearishHello TView!
You better pay attention to August 23rd for the BTC Proshares ETF decision. This will either waterfall the BTC price to the downside if it gets rejected or give it a nice bullish boost if it's approved. Max target on approval $7000-7400. Target to the downside if denied is $5500. This price tightening is perfectly timed and don't think it's a coincidence it is planned by the big players.
My opinion is that it will the ETF may get rejected but I'll be happy if it gets approved :)
Hope you enjoyed my analysis, please share, give me a thumbs up or comment. Thank you!
Cheers!
BitCoin (BTC/USD) Aug Analysis: A Major Selldown is Coming This will be my views of BitCOin BTC/USD Aug 2018.
Please make sure to read the "update" comment as there will be changes along the way.
You are welcome to "Like" and "Comment".
Cheers.
S0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Bitcoin drawdown comparisons beginning till nowPart 1
Bitcoin from 2011 - 2013
Increase from $0.44 - $31.86
Total retrace down 95% (below 786 fib) to a price of $2.01
Correction length (all-time high to break old all-time high): 634 days
Part 2
Bitcoin from 2013 - 2017
Increase from $63.33 - $1181.69
Total retrace down 91% (below 786 fib) to a price of $169.58
Correction length (all-time high to break old all-time high): 1245 days
Part 3
Bitcoin from 2017 - 2018
Increase from $1838.54 - $19775.25
77% retrace complete thus far. Impulse incomplete. Waiting for 786 fib break
Correction length: TBD
BTC Update : Every few years we see a massive run-up in Bitcoin. After this we see a significant drawdown for months - years. Almost 95% retrace in pricing sometimes. Can we find a pattern this time around that may give us an idea of the length of the market drawdown and the severity in % and $ value. If we were to look at Part 1 and Part 2 we may be able to deduce a similar movement in Part 3. We first have to see if 786 fib breaks. If it does break we will have a prolonged bear market with further downside and move into the zone listed.
Long on Bitcoin to 1.618 Fibonacci level I am looking at the four hour charts and because of the movement and side ways movement over the last few days (between 6400-6800 approximatly), I believe bitcoin will test the 6300-6450 support band one more time. Observation should be made on lower time frames to get a precise entry point but I would like to make a buy order around 6460 as long as there is an indication the support level will hold.
Here is what I think
Entry: 6460 with candle stick formation
SL: 6250
Target: 7100
There may be some resistance around the 6700 level but I believe 7100 represents the 1.618 fibonnaci extension on the move. This fibonacci level corresponds to past support for bitcoin (7100-7200).
I will follow up with ideas as this develops
BitCoin BTC/USD (This is what you need to look at..)BTC/USD
We are in the make or break condition. 5,800 region will not/shall not be taken out taken out easily as the last 2 times, were met with rebound.
Now what we need is a strong reversal candle to firm the pull back. Wait for it if you wanna long.
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Sonic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
My theory on BTCUSD future movement ($4.5k bottom)!Well this bear market is now 6 months long. It was inevitable, January parabolic blow-off was just too extreme for COINBASE:BTCUSD to digest the gains. After first month of bear market I saw a lot of people on social media talking like "Yall wait for summer!" and it was just absurd in my opinion. Although if we compare stock market with cryptocurrency market it's speed is like a speed of sound to a speed of light.. But still... it's cyclical!
Fact is that 70% of people in crypto in December, January was "average Joes" who saw gains and wanted to get rich quick and I blame media mostly for that. Keep in mind that some of them are still in it and already forgot about the money that they invest and are waiting for market to turn around and break even if possible. That is why I think it's going to take a little bit longer than expected, I'm expecting 3-4 break-even sell off around $10k , $12k and $14k-16k.
A lot of people (even my-self) was watching $6800 level where Triple bottom formed... It was broken with ease, but I had another theory al this time:
COINBASE:BTCUSD in my opinion there are two ways bear market will end or it will continue to a level where bear will be exhausted enough for bulls to take-over control.
First:
Bitcoin will touch $5k level area inside a September 2017 high and low channel. And then proceed upwards!
Second (in my opinion more likely because trend line and support cross there) :
Bitcoin will touch and bounce off the $4.5k area, in this area September 2017 low trend line and Fibonacci level 0.786 (also 2017 high and low) cross which could provide enough strong support for the price to bounce of.
Note: If COINBASE:BTCUSD breaks below that $4.5k (and closes below) forget about this idea and look for a another potential buy zone opportunity!
Note: This is not a financial advice in any form is just an opinon based on price action! Please leave a like if you find this helpful, or a comment if you want to add something! I'm here looking to grow a community where we all communicate, exchange ideas and so on! Peace
IOTA, IOTABTC - Another Attempt For a Cup and a Wave 5IOTA, IOTABTC a very ambitious project and the #9 in market cap so definitely a coin to watch. Let's see what IOTABTC has in store for us.
In my previous post I already talked about the possible cup & handle formation with breaking out of the falling wedge but that didn't follow through.
Now we're in a very similar situation and by again breaking out of a new falling wedge.
It's still early but with the right momentum, market conditions and catalyst we look to make that cup and set that wave 5.
Leave a comment if you have any questions.
Like the post, if you liked it and share it if you loved it. This is for good karma.
And until next time, good luck with your trading!
BTCUSD- Weekly SetupBTCUSD has been sustained at 6304 levels since last 4 days, and now it has broken 4 hour trend line which as formed from 6th of June. though the weekly trend is down i am expecting a small pullback in this week. I will recommend buy at 6517 level for target of 7200-7400 with stoploss of 6050.
BitCoin ($7200 is a hard support)BitCoin
When it was at $9400 recently, I said it will go to $8,000. The BitCoin Fanboys couldn't take it well.
What it did was, it goes to the at the strong support of 8000 to gather supports.
I am seeing $7200 level as a good support and I will not rule out the high possibity of going UP as well.
If the price ever rise up again, 9600 shall act as resistant again.
Trade light. I AM NEUTRAL now.
DYODD and Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Hmmm...This data is showing several things of importance.
1) All action is below all levels of resistance.
2) PSAR is down
3) MACD is converging a little
4) A Deep V formed which has usually shown me that once a spike occurs a reversal will follow.
5) This could retest at .61 and then if that fails a retest to .47 (I say the floor) may occur.
Bolinger band resistance is at .80
.47 to .61 is a good accumulation zone for Hodl.
Weekly Momentum On Major Pairs (Wk20/2018)XXX/USD: Bearish
Gold & Silver: Slight Bullish
XXX/JPY: Slight Bullish
USD/XXX: Mixed (US Bull slows)
Indexes: Bullish
BitCoin: Slight Bearish
DYODD and Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
BTC - Kissing dynamiteHello all cryptofriends, hope you are well. To start the BTC market seems sluggish and slowly uptrending from $8800 to $9200 which is fine. BTC is in a consolidation phase between $9000-$9200 at the moment. The overhead resistance lines (red lines) are clearly forming in the diagonal and horizontal planes. A move above $9290 can explode into a push to the high$9000s, while a drop below $8800 would signal a bull reversal. My EW count has BTC in the 3rd subwave, so this is where it can get some momentum to $10k. I have the full wave count to $11k before a correction to the high $8000s. So in summary a move above the red resistance lines above $9300 is a bullish signal, while a fall below $8850 is a bearish sign. BTC is above the MA 50 and 200 and are acting as added support. The BTC daily trading volumes have also now doubled and hitting double digits. There are now multiple signs of pressure on price rising. Bullish is the conclusion.
BitCoin (*Clarity You Seek)$5900 level seems to be a hard support for BitCOin and now it shall be on it is on the way to hit $9500 - $10,000 level.
If you are bitcoin bull, watch out that $5,900 level. That is your important support. If it get broken, more sell down can unfold.
DYODD and Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Why I got out of EOS at $8.50 Hi All
I just closed my swing trade position as I am expecting a sell-off might happen in the coming week to test some supports at 7.80-7.10 and maybe 6.85
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Also see my previous videos