Road to 5k: Great Short Opportunity tru dip.Too tired, sorry for the lack of further explanation.
Laddering targets = Chart.
Dip
RSI showing overbought. One last big dip coming!Daily RSI is showing overbought, which was expected. I'm in the opinion that we might see a short dip back down to 6500-6000 as some investors may take profits off of this little pump to pay their taxes. But after this dip, and after the 17th, I expect the money to come pouring in. Especially with the big boys in the market now that the OTC buys aren't available, causing them to have to go to the exchanges to buy in bulk.
BNB's last dip?Greetings!
If Double Top pattern occurs ( we need to see the retrace to the neckline) and, BITFINEX:BTCUSD completes its correction at 7.2 - 7.4 and starts new wave - BINANCE:BNBUSDT would complete its DT pattern. I believe if this happens, that price would be the bottom for BINANCE:BNBUSDT
In the long run i belive BINANCE:BNBUSDT will shine. If this analysis comes true it would be a great time to load the fuck up BINANCE:BNBUSDT ^^
It would be great if you guys share your ideas on this one. Cheers & always wait for the drop! \m/
CORRECTION OVER? BITCOIN BREAKOUT April 9-10th?Here you can see a chart of Bitcoin. BTC is currently in this location however if you look really close we are accumulating in this zone which tells me that we could be breaking out should Bitcoin's price action slide to the right into March Resistance. The next Resistance we'd run into is roughly $8000 USD and then back down a bit until we breakout of the main resistance that we have been fighting all of 2018.
For the bears, the only shot they have is for Bitcoin to make a massive drop this weekend before the breakout into the blue shaded zone. Very important for the bears. I am confident the bears will lose this and the bulls will regain their strength very soon. It is a matter of when not if.
This very simple chart will show you how critical the price is right now and how important it is for each side to put the price where they need it. Bears in my opinion have the least chance of making their move. The lowest Bitcoin can go is $6500 based off this chart however I won't rule out a double bottom at $5900 but that would mean a break of this key support going back to last Fall. (2017)
I think we bottomed. (Bitcoin)In people their mind it is either UP or DOWN. Right?
But what if I tell you we have another move?
'' SIDEWAYS ''
An ACCUMULATION PERIOD is very likely AFTER a downtrend. I see that the market had trouble piercing 65xx yesterday. It just couldn't do it. We tried it so many times now.
Next to that we are still in a falling wedge which is a HUGE bullish sign. Personally I started buying everything between 6.4 - 7k.
I hear people question the volume, but volume can show up very suddenly.
The more people realise we don't move further down, the more start buying in.
Also remmember that there is a big group that only buys the breakout.
Can I be wrong? YES. But these are just my thoughts on it.
Happy Trading!
The Opportunity Trough of BitcoinBitcoin has seen much more FUD and sell side action than I have anticipated. The news of Twitter, Facebook, and Google banning cryptocurrency related ads has many investors worried about bitcoins future as a global currency. Yes, social media sites banning cryptocurrency advertisements is bad for the industry, but the ad block does not affect bitcoins fundamental values. If anything, the fundamentals of bitcoin have improved. The blockchain is not clogged, transactions are faster, and the lightning network is on its way. When markets are down, ignore the FUD and focus on the fundamentals.
As we wait, anticipating a Bitcoin ETF or Future, bitcoin is at a huge discount, or what I like to call the opportunity trough. I doubt that bitcoin will pass the 0.236 fib level. There is too much hype around the industry compared to last year. As the stock market corrects (which it most likely will, read my Medium article on it) the money in the stock market will need to go somewhere, if an ETF is put in place I think a good portion of the funds will be put into Bitcoin.
Lets see if im right or not!
Thanks,
Colm
3K is coming??? BTC crash VS NASDAQ crash (Let's compare again!)I compare these two charts again!
Guys the are the same! Even now!! You can check the numbers on NASDAQ chart and 4X them to compare it with BTC chart. yes i know there is a little difference in between , like our double top pattern on 11.7 and 11.5 BUT the whole idea can be right.
I should say this is one of possible scenarios and the main question is:
"CAN HISTORY REPEAT ITSELF ???"
Lets wait and see...
Bitcoin relapse, Same correction, but shorter. (2014 vs 2018)The idea behind this is the dip dates and their proportions.
Chart explains itself.
BTC double top pattern (the last battle)btc broke the neckline and we saw a pullback to that line. so i think btc can drop to the 6700 .also fibonacci levels show us a retrace to that number
however there is a old trend line on chart and maybe force us to bounce back from 7k.
lets see whats gonna happen
peace <3
BTCUSD Bitfinex - R U Bored Waiting DIP ? Maybe Next Month/YearThe Lagging Indi said Next Year is Rise of BTC, but the leading one said is next month. Are U believe ? Let watch together at this TV (Trading View) :)
BTC's fifth Elliott wave countI tried to count potential Elliott waves up to the final price range that according to this variation should be in the 2800-3200 $ zone. According to the count and fibonacci levels, we could see 6300-6700 zone as target no. 1, 4850-5050 zone as target no. 2 and, of course, 2800-3200 as the final target.
It might take months to wrap up the slowest fifth wave, but this is just an exercise in analyzing bear market development.
There is another option, that with yesterday's dip we've finished first wave of the new bull cycle. It's really mixed signal territory at the moment.
MIOTA pull down is coming...Some issues need to solve at IOTA based on github message wall and market focus on LTC ETH BCH XRP ....
BITCOIN $5000 Possible TrackBITCOIN $5000 Possible Track. Without panic, we will not have a big drop... we should pivot to the right and if we hit the mega resistance at 9500USD it will reject harder and into the 5K Zones should panic start.
This chart is for publishing purposes only.
My prediction of "THE DIP"There is 50% chance to go lower than my prediction number (7050-7250) so its high risk prediction. but im 100% sure that 7K is important number! BTC can rebounce OR go straight to the hell(6.5-5.6-5-4.4)!!!
ps: dont forget the alts . some of them are already in dip.
[BTC/USD] WATCH OUT FOR $7,900 DIP!! + & LONG TERM ANALYSIS!Hello Traders! Here we have BTC/USD. According to my TA we might be seeing a price drop to $7,900 within the next few weeks, and for the love of god, to all the people asking me what the best long term investment is, just buy bitcoin. Altcoins are for hardcore speculators that are risk tolerant. Bitcoin is the most conserative and risk averse when it comes to cryptocurrencies. When people first get into crypto the first coin they buy is bitcoin because it's the face of crypto. Which means the demand will continually rise driving the price up.
So just take a LONG position in bitcoin and your investment grow. Most of these altcoins are just being pumped and dumped anyways.
According to my analysis
SHORT term Bitcoin will DROP to $7900-$8100 levels in the next couple of weeks. (2018/02/28)
LONG term forcast you might be seeing a %200++ return this year.
As always this is my trade opinion. Do your own research and never risk more then you can afford to loose! Feel free to ask me questions and or comment your thoughts and ideas.
Patience is the key;
You wait,
you WIN!
Please do not forget to like and follow.
Lets see what happens!
Best of lucks to all!
LTC/USD Another Pivot PointDuring last Thursday's TA I had mentioned that we were at a pivotal point. The appearance of an inverse Head & Shoulders was formed, but we were also at the top of the "new" downtrend channel (pink lines) from post Litecoin cash upswing. In that TA, mentioned that we would need to clear $189 to confirm breakout...and that didn't happen. Also mentioned that...if that didn't happen that there was a high possibility of a continued drop in the down channel. That did happen.
The decisions are never easy. We broke below the December ATH resistance line around 177-175, below the down channel mid point line (red) and we're now hovering at the Dec ATH .786 Fib line around 165. This is not a bad place to DCA a small stack since we've spent most of the time in the upper half of the downtrend channel. A bounce from this spot could take us back to the 182 level; but definitely save some room in case the dip continues and takes LTC down to the bottom of the channel $146-147 range. If we bounce from the fib, upside potential to $184-185. If we continue to the bottom of the channel, we would hope for a bounce back to 175 range with hope of a breakout. FWIW, on March 30, 2017 there was 18% breakout day which many believe was the beginning of the great bull run of 2017. I'm seriously hoping for a long price reversal soon.
I personally believe in cryptocurrency, and I believe in Litecoin. It's not been easy over the past 3 months, so form your own opinions as to whether you want to invest/trade in this volatile space. As always, this is only an opinion. Do your own research, and invest at your own risk.
ICX Buy-In & Reposition Opportunities AheadAssuming the chart stays healthy, we should have two dips coming up as can be seen on the Kumo cloud.
BTC 5 MONTH Descending Wedge!? DIP or BREAKOUT?Price action goes up from the left and down into this wedge and normal TA expects it to flow north from this wedge. I have the main dip here as the actual main dip but after that phase, we have the price staying in this wedge the entire time.
Will be interesting to see as we are at this time in an inclined symmetrical triangle.
A QUICK LESSON ON BEAR FLAGS! Hey guys, just wanted to post this quick educational analysis of what a bear flag looks like and how to calculate the measured move. Pretty straightforward from the chart, but if you have any questions feel free to comment. Also, this bear flag ties in with my other idea that is linked below in case you want to see how it plays along with the current situation.
As always, this is for educational purposes only, please LIKE if this has helped you!
BTC HEADED TO 6K! GET READY FOR THE CARNAGE!!!Hey guys, in my last idea I posted that I would post a new idea with an alternate wave count since the last idea was invalided due to price action. Here is the new idea. There are quite a few other reasons besides the wave count that make me very confident in this idea, but this idea will mainly focus on the wave count. I may post updates highlighting some of the other reasons I believe we see a sharp drop if I get the time.
As always, this idea is for educational purposes only and should not be taken as financial advice. NEVER trade solely based on someone else's opinion. Use these ideas to validate your own!
On the chart here we can see a 5 wave impulse followed by a sharp drop which I believe to be a Wave 2 retracement of our first impulse up. Note this wave count assumes the correction from 20k ENDED at the 6k lows we reached and that this is the start of a fresh bull cycle with 5 large impulse waves (that will take us to new ATH's). Currently, I believe we are at the peak of our B wave in this simple ABC correction. Note that the pink trendline is coming from our ATH and second highest peak, so it is a very strong resistance level that we are testing at the moment. The first red horizontal line is our conservative target which would give our Wave C (of the ABC down) a length equal to 61.8% of Wave A. The second target gives our Wave C a length equivalent to 100% of Wave A. NOTE the third target IS NOT POSSIBLE WITH THIS WAVE COUNT, but I have placed it there because if we do go below the last low of around 6k, it means the correction from 20k has not ended and the 3k level target comes into play.
As always, feel free to ask questions in the comments and give this idea a LIKE if you think it was useful!
Quite ObviousThe dip was too far, doesn't look like the 50% line is going to hold it for long. Most likely NANO is heading for the turning point 10207 Satoshi. However, this story looks too simple to be true, we've been here long enough to expect a twist in the plot. Maybe big daddy Bitcoin will have something to say about it.
BTC DIP INCOMING!!! Headed to SUB 11K before next push UP!Here we have a clear rising wedge on the 4 hourly, and at time of writing we have just forced ourselves back into it after breaking down a bit earlier. HOWEVER, assuming this is a leading diagonal in terms of EW, and we are on the fifth and final subwave up of a larger Wave 1 impulse move, we should see a nice dip any moment now. Please note though, we may go as high as 11.7-11.8k before the dip begins.
Furthermore, we can see we have broken down from a rising wedge in RSI on the 4 hourly, and we have even backtested the breakdown and failed to recover, showing we are headed lower. If this is a leading diagonal Wave 1, then Wave 2 should follow, and green targets have been marked with horizontal lines to show possible ends to this dip. They are based on the 38%, 50% and 61.8% fib retracements of this last bullish wave up (assuming we hit 11.7k before the actual dip begins). Targets will be updated once the dip begins!
After this dip, the longer term trend is still up and we should see 12-13k shortly after. Wave 3 will follow this dip, and it is known to be the longest and strongest, so the best is yet to come for this run!
***THIS IS NOT FINANCIAL ADVICE, SOLELY MY OPINION. DO YOUR OWN RESEARCH BEFORE MAKING ANY TRADES***
