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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***
COINBASE:BTCUSDShort
by CredibleCrypto
2
Bitcoin BTCUSD Still Positive - Continue to Buy DipsBitcoin Friday Update Next Buy Point Today Bitcoin duly broke higher from 10600 and we followed that break. Overnight Bitcoin has made a high at 11189, climbing three rungs higher on this particular ladder to reach 3 points below the the next line of resistance at 11192. Day traders are closing out here and looking to get long again from lower down towards the 10888 line and potentially as low as 10681 if 10888 cannot hold up this morning. But Bitcoin must hold up at 10681 at lowest today for the bulls to remain in overall control from here. A break (not spike) below this level will tip Bitcoin into a near term negative pattern and day traders will to short more aggressively if this were to happen. But so far the overall pattern is still bullish. If still long from 10600 break higher yesterday can stay long but raise stop to under 10870 and if struck look to buy again around 10681 with stops 50 or so lower. Look to add once 11192-11200 range has been broken above looking for completion of this rally to the target at 11790. Close out just below here and some day traders may consider reversing from this point if touched later, depending on how it behaves when it gets there. More as the move develops. * For updates in real-time plase check top left of main page Yesterday: Bitcoin Coinbase Chart Next Buy Point Bitcoin has spent the last 24 hours or so hammering out a continuation pattern not too far from the recent highs. It hasn't collapsed from here, though, which has to be a positive signal, so far. It's now probing the upper parallel at 10600 and trying to break higher. To stay positive from here it has to make this break. If we see it we can follow with stops under the upper parallel by 50 points or so when broken. Otherwise, in absence of a break higher and Bitcoin spends more time in this consolidation pattern we will look for an entry from lower down later
BITFINEX:BTCUSDLong
by sumastardon
4
NEO need to DIG a little DEEPERRule of thumb for jumping down trend line is that it must go back and stomp on the line. By this it guarantee that it will not go back down there again. Neo tested the red trend, orange trend, blue trend, but he did not cleanly pass the baby blue trend and couldn't stomp on top of it. Now Neo is punished and he must stomp on top of the purple trend. The white resistance line is not going to save him for long, it didn't succeed in the previous 2 times. That said, I'm not selling a penny of this coin will get more during the dip. Do your own research, NEO is absolutely the best altcoin now. I will never compare any crypto to BITCOIN. There is no "The Next Bitcoin". Bitcoin is and always "THE FIRST ONE". Have Fun.
by JTN-BTC
BTC To Bounce at 9.2k For FINAL Push UP! Then...LOOK OUT BELOW!Based on my EW count we are nearing the end of the 4th Wave down of this 5 Wave impulse (Blue Lines). Wave C is coming to an end and we are looking for it to end at approximately $9160. Ending here would make Wave C (of the ABC correction that Wave 4 is made up of) .618 the length of Wave A, and we know that Wave C and Wave A tend to relate to each other with a fib ratio (such as .618). Furthermore, if we look within our Wave C and count the subwaves (Pink Lines) we can see that this Wave C is also made up of another smaller ABC correction, and ending at $9160 would also make this smaller Wave C .618 of the smaller Wave A (both drawn with Pink Lines). For educational purposes only, entering a trade here would give us a very good risk to reward ratio. We would place a stop-loss at $9050 (going below about $9090 would invalidate this count as our Wave 4 would overlap Wave 1 high point) and enter long between now ($9300) and $9160. Upside is huge as our Wave 5 is likely to be extended since our Wave 1 and Wave 3 were not extended. This extension can take us to 13k or higher levels giving us a 1:10 (or higher) risk to reward ratio. Wave 5 targets will be determined once Wave 4 ends (unless of course the idea is invalidated). Finally, after this Wave 5 ends we can expect a larger correction that takes us to sub 9k levels (Hence the "LOOK OUT BELOW!" part). Ideally we want to exit the trade as close to the end of Wave 5 as we can and re-enter at sub 9k levels. ***PLEASE NOTE, THIS IDEA IS FOR EDUCATIONAL PURPOSES ONLY AND IS NOT FINANCIAL ADVICE. PLEASE DO YOUR OWN RESEARCH***
COINBASE:BTCUSDLong
by CredibleCrypto
This was fun, back down we go now :DWe went up - very much. This provided big or small (if you're bad like me) profits. Now we touched the upper trendline from the falling wedge and rejected it. We might go test it again later, but right now we got a reversal candle on the daily, and are dropping very fast from that resistance. I opened a margin short on ETH 1 hour ago on my secondary account on Kraken where I had a mere 700$ and I'm already at 160$ profit (Next bear market I'll start a 1k to 100 gran in a month challenge). I have no target no nothing, this is just a general idea. You could open a short now and then it bounces and breaks the trendline. I'm not going to try and catch that falling knife fk it, or maybe at 7k or somehting when everything is very oversold and I can make at least 5% near guarenteed. Now what happens in 3-4 days? The trendline resistance that now acts as support is going to find itself at 6000$. If we are near that price 3 days from now we might very well see a double bottom, I will buy and update my double bottom idea (). I still believe this is possible, if all the sign converge it will mean the prophecy is realizing itself and it will be an "amazing opportunity" (wink). If this is what happens I'll probably get a visit from Men in Black asking me if I have mental powers or come from the future so I might disappear from this site. ===> No matter what happens now, nothing is certain, single individuals are moving the market ALOT, intentional or not. Haven't seen Bitcoin this random in a while - if ever. It's as risky as it gets. We could even go to 4-5k but I'm not very convinced of that. The entity that appeared to me said we don't go lower than 6k I believe in the prophecy. This is why I'll stay away a while, till we go really low, or a break above that resistance we just rejected is well confirmed.
BITFINEX:BTCUSD
by MrRenev
18
XRP/USD - Down to $1.00 - As Expected!Price action manged to break lower as expected and hit the $1.00 zone pretty much to a T. At the moment, my charts are telling the potential is still there for a little more down zone even thought I would like to see price action make a huge move up. My bias is that price action may break the fibo zone i mention in the video and move to the zone just below, which i have setup a buy order to chat price if we make take another little dip. At the moment, I don't have a specific target, but will re-address that again in the morning. All in all in happy with how price action is playing out and meeting all my expectations. I hope you enjoyed the video, give me a like and leave me comment with your thoughts.
BITSTAMP:XRPUSDLong
by Crypto_Sid
5
Bitcoin BTCUSD Still Positive - Can Buy This DipBitcoin Bitfinex Chart Update 10:37gmt/05:37est Still Positive - Buy the Current Dip The big rising dynamic on Bitfinex was the best/most reliable of the 3 feeds we cover overnight and the early morning 7am gmt break out of the consolidation pattern was very precise and right down at the lower levels...so this is still giving good signals and will therefore be covering all 3 feeds again. Looking to stay long up to 11438 on this feed and close out there/just under if touched later. Day traders are likely to close out at 11240 when touched and in the meantime it can come back to 10860-10840 where it's likely to get bought again. More support building at 10627 line and off the big rising parallel below here. Whilst Bitcoin holds above this dynamic on the Bitfinex chart the overall technical picture remains positive. Bitcoin only flips back to negative if this line is lost at any point from here. Stops for swing longs can therefore be placed below the dynamic by 100 points or so.
BITFINEX:BTCUSDLong
by sumastardon
3
This is the dip you said you would buyWhile the overall markets are still full of uncertainty and fear over hawkish moves from the Fed remember that markets don't always go up. This is the dip you said you would get into stocks on. So many S&P giants trading at the 200 day SMA. I bet this will look like an amazing entry in 6 months from now. We all know AAPL is a big player and unless the markets turn to recession or iPhones start exploding lava I'm going to say they will continue up and to the right. Ray Dalio just posed a few pieces about his market thoughts, he knows what hes talking about. The SPX DJI and IXIC are looking as of now like the bulls are winning. But who knows.. maybe the Algos go crazy and we drop another 1000 Points. Nun the less AAPL at the 200 seems like a steal to me. ...not a huge fan of the homepod tho... fucken Apple and their proprietary BS.
NASDAQ:AAPLLong
by skyman9025
BTCUSD: A super scrappy chart of FUD and bubble popping mania??Hello everyone, Before BTC retests to 20k and higher later this year, I think there's gunna be a dip back down to $5400 levels. Based my resistance levels off of previous dips, descending channels, and trend lines. Let me know what you think, and thanks for looking! Personal disclaimer: Don't take any of my published ideas as reality. Always make educated decisions before doing anything with your investments. Use my charts for educational purposes only. Trade at your own risk.
BITFINEX:BTCUSDLong
by copa1079
4
BTC / BITCOIN roadmap / end of correction is nearIt's absolutely uncertain right now where is the bottom of BTC and time to effectively execute safe sale is gone long time ago. Under current circumstances the only trade i can suggest is buying the fucking dip with cash. Yeah. 5k-3k (doesn't really matter at what price you will get it ) is best and probably the last opportunity to get BTC by this price. Only absolute panic can take btc lower. USA / JAPAN / KOREA regulators already gave it green light and now realistically we are on q3-q4 brake to finish this long and nervous market correction after way more overheated run for young crypto market where BTC is the sun and it's own downtrend is grey rainy clouds. China fud / Jamie Dimon shit talk caused market correction that brought marketcap down to 113 bn low. This correction will mark it's bottom when market cap will reach 200 - 250 bn bottom. (BTC 3-5k range aprox) to logically resume the uptrend. *i might be wrong. Crypto is strange. However there's nothing wrong with buying dips. This is the only thing this chart is pointing to.
BITFINEX:BTCUSD
by STRANGELIFE
2