Bitcoin And Altcoins Reading The Tea LeavesYESTERDAY I WROTE THE FOLLOWING
What's going to happen with Bitcoin next? At this moment based on what's happened the last few hours it's kind of hard to tell. I would watch the resistance levels that are drawn on my previous charts. We blew right through 7400 which I mentioned in another article I wrote this morning before this explosion. Bitcoin touched the area of $8000. I would say there's certainly room for short-term pullback but you need to keep your eyes open for 11,600 as the next upside target. If you were already in Bitcoin this morning when it took off congratulations. For you, I would either take my short term profits or set a stop loss to protect my profits to this point on the day.
Keep a sharp eye on the price range of 7596 two 7804 either for a reversal or a breakthrough. Keep your eye on the Fibonacci Levels as well for resistance support, Fibs often come into play despite historical support/resistance levels. If we get a breakthrough to the upside watch the 8426 price level, and should we get through that I would look for us to reach 11,600.
THIS MORNING
Well, we blew right through the resistance at 7804 so now we need to focus on 8426 as a possible reversal zone/profit taking area. Watch the RSI and Stochastic RSI currently going overbought on the 4hr chart, and The MACD which is a slower indicator which is high but seems to indicate we have a little room to run yet.
If Bitcoin closes over 8426 then 11,600 is in play. My estimation is the 11,600 is a major resistance area and a point of high physiological anxiety for traders. I would definitely take profits here. 11,600 has been tested several times since the first of the year and failed each time. It will take major momentum to break this resistance.
This action obviously applies to holders of altcoins as well to be alert to BTC prices and take your altcoin profits if you are swing trading a portion of your portfolio in alts.
Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work.
All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor.
Wishing you success,
Isaac
Predictions
Little brother Litecoin heading to $127 ...and then a big bounceThe green trendline I've drawn extends all the way back through May 2017. It offers enormous support and will be tough to break. Once tagged you can expect a $5-10 bounce minimum. Easy quick cash for all interested in playing.
Peace and happy trades y'all!
BTC Trading Chart/Predictions - March - Early AprilHi Trading View Family,
Hope you all are doing well. My private group and I have seen the drop down to $7k through our daily TA's and we have loaded up :) Easy 24% from the bottom but I think we can squeeze out a couple more points in this market. The key thing in trading is not buying breakouts because that does not allow you to maximize your earning potential. The goal is buying bottoms when everyone is clamoring for further south! When you understand how far a market can extend itself you will be a very efficient trader with almost minimal risk. I have actually traded with a clearer mind during a bear market vs a bull (granted during the bull market i was making bank), but even now I still am. Its all about seeing how the market will move and cashing out when you can.
TRADING STRATEGY
The strategy for me is to capitalize on these consolidation phases (the 3 month bear market) which are the best times to make your money and accumulate coins since they tend to trade in a certain pattern. After a certain point, you will have more than enough FIAT to buy a lot of BTC (or alts) and HODL long towards $30-50k BTC hopefully EOY.
Right now my team and I on Telegram are well positioned and sitting at between 24-15% ROI in less than a week. Easy money. What we are currently playing is the rise towards $9.3-9.8k in the short term (one - three days) and sell off. Rebuy in the $8k range when the RSI levels off from overbought from the 4 hour chart.
Then from there I will trade north towards $10k potential. You won't be able to see this on the 4 hour chart directly, but what we can see is on the Daily. The RSI is entering median ground and if the MACD has some positive price actions we can easily expect $1-2k movement from this point for another 20-30% trade, to a fine tune of 40% within two weeks.
The time frame on the short term trade to T1 is fast (1-3 days). T2 will probably take a week or two to play out. If you ever study my previous TA's they have held strong and true for weeks on end with 0 adjustments. I don't have the need to post everyday and switch back and forth on my trade analysis (between bearish and bullish) like other top TA's on Trading View because my team and I can easily read the charts.
I will post more in-depth analysis on the T2 target point the closer we get there. Keep an eye out for another BTC post which I will share in regards to Daily and Long-term growth. So drop a like, share, or a follow. More importantly, I would love to hear your opinions, thoughts, or disagreements. :) Constructive conversations lead to a more knowledgeable community, I don't claim to know it all like other ppl here *Cough* MPC and D4, the tried and true quote stands, "THE MOMENT YOU THINK YOU KNOW EVERYTHING, IT'S THE EXACT MOMENT YOU KNOW NOTHING"
I hope you all are well and Happy Hunting! Remember to sell into profits and set your SL in profits why take losses at the bottom of the market.
Kind regards,
Regalia
ALSO, a lot of people have asked if I have twitter. Never had the need for one in my personal life, but its nice for Crypto + I can share my thoughts here vs on IG. For those of you who want to connect with me via twitter feel free to do so here: twitter.com
LTC King Price Predictions - March - No Bullshit Just TA Hi Trading View Family,
Hope you all are doing well. I am planning on being more active on TV. The reason why I started posting in the first place was to be an honest reference in the market. I think there are more Jake/Logan Pauls on tradingview than it needs to be :P I guess that is the trend of the internet, entertainment, ego and drama. When I first started I watched Sean_Vengan and the like, they posted really retarted TA's (IMHO) yet at the time was a consistent top analyst, now he has fallen into obscurity. Not to mention his ban. Yes, TA's are meant to be taken at your own risk, but unfortunately, people follow TA's being posted, real money is being made and lost. Sadly the latter is truer when TA's are EGO driven vs. properly educating the market.
I am careful when I post my TA's because i know real money is on the line and you can be 100% confident that I put my money where my mouth is, thus, you all can have confidence that I take the time to draft out and think of various options the market can take.
All of my buys points have triggered on both BTC -3.90% and LTC. Both charts have played out perfectly on calls i have set weeks prior to the drop. Feel free to review and follow my updates on my previous LTC TA tagged below where i perfectly drafted the lines and called the market pricings.
For our current TA:
I drew the initial downtrend line on Monday with 0 adjustments (While I was hosting a TA lesson with my group). The market has followed it perfectly. So what we can expect since the RSI is oversold on the 4 hour chart is certain level of price rebound. We can hopefully expect a 20% bounce if we continue to head further south. If the market wants to hit oversold on the daily RSI which it seems like it wants to do we can set up buy positions at $120 - 105 range which i think is the market bottom (two weeks from now).
Reviewing the previous oversold positions on the 4 hr -0.36% chart the average bounce has been a minimum of 20% which i think is a very safe number. I do not think the market is yet ready to enter a full bullish trend yet. Probably closer towards the end of the month or the start of April. Right now with this market we can expect bearish trends within the next two weeks and some positive uptick once the market has been oversold on the daily.
I will continue to post on this idea and LTC is still a solid investment for long-term.
DROP A THUMBS UP, COMMENTS, AND A FOLLOW IF YOU LIKE MY STUFF. ALSO ANY QUESTIONS OR CONCERNS FEEL FREE TO ENGAGE WITH ME PRIVATELY OR IN THE COMMENTS BELOW.
HAPPY HUNTING,
Regalia
Crypto going BearishWith past bubbles loosing 86% from their ATH it may be worth mentally preparing for worse times ahead. I'm already invested for the long haul but I am waiting for some key dips to buy into. Yesterdays drop was significant but I think we still have some lower lows ahead of us. This is not financial investment advice, just my best guess. Good luck.
OMG, ETC - It's beautiful, Just look at it! Ethereum Classic!Insert Ed Bassmaster here saying "Oh would ya look at that?!? Just look at it!"
Let me take you back in time. It was 9 days ago, it was the time of the Hardfork when people we're saying TA doesn't work when their is a fork! And I said, "Just look at it!" in my Ed Bassmaster voice. My argument was that the fork was factored into the price of the coin, and the price of the coin goes on the charts, and those charts can be analyzed. I then proceeded to lay out targets for my short position I was taking on ETC post-fork and they went as follows -
Short term targets - $26.33, $24.98
Head and shoulders target - $15.50
And WOULD YA LOOK AT THAT!?!!?! ETC traded to within 6 cents of my target that I put out 9 days ago when the coin was trading above $27.
It's not even just that my predictions are hitting my targets, it's that they are hitting the targets and then showing some kind of price action right @ those targets before making their next moves. JUST LOOK AT IT!?!? Would ya just take a look at it?
Is there more downside to this coin. The possibility is high as it looks like BTC has some more downside and when BTC has downside, the rest of the market does too.
I'll get an updated analysis on ETC to you guys if you would like one... show some support please by liking my charts and following me.
In the meantime I just wanted you guys to come on over here and JUST LOOK AT IT.
No need to congratulate me or thank me in the comments. I'll do it myself.
Move Over MagicPoop, the Real Wizard is Here. ETHEREUM!@MagicPoopCannon is a legend here on trading view... but the time has come my friends, for him to be replaced by the apprentice he didn't know he had, CoreyAvery!
One week ago, my friends, I posted a chart on Etherium, appropriately titled "Beartherium".
Within that master of a chart breakdown, I predicted a head and shoulders target of $598. At this very moment, we are consolidating and possibly moving PAST ... exactly at my target... WOW!
If you have been following, you'll see that I post a chart, and the market adheres to my predictions... what a beautiful thing! If you're not following, make sure to do so because my profile is where the REAL MAGIC happens.
This is not an analysis, I've been posting them left and right, but this is me staking my claim as one of the greatest trading view traders of all time! @MagicPoopCannon, thanks for all you've taught me, but it is time for you to step down as I am here to take the reigns!
Follow me for more masterful charts and predictions. Wow!
A Technical Look at Bitcoin and Possible Downside - BTCUSD!This is not a prediction. This is rather a gathering of information from my analysis of patterns, trend lines, fib levels and more.
The bitcoin market has been very bearish as of late, forming on bearish pattern after another. Most recently, we completed my upward trending head and shoulders pattern that I didn't see anyone cover on Trading View other than myself. Around the same time we confirmed a nasty double top, and after several tries to break back above that line, Bitcoin has failed and continues to move lower.
We have now broken out of (to the downside) yet another bear flag pattern. When I see bearish patterns within bearish patterns within bearish patterns that are all succesfully break out to the downside, that is obviously a VERY bearish sign for me. Until I see a significant sign of a bullish reversal, I will continue to be a bear in this market. It is my opinion that we will see further downside, and I just wanted to through a couple numbers out there of likely targets that we may see on the way down.
Target #1 - approx $7,250 - this is my original head and shoulders target formed on the rising blue neckline. If I've learned one thing recently, it is to stick to my guns and targets until I see otherwise... So I'm sticking to this one.
Target #2 - $6534.6 - derived from fib based extension tool - confidence level - medium to high
Target #3 - $6k - February low
If we get down to $6k I definitely expect to see some strong buys come in. This could help define it as a bottom, but we can't rule out the possibility of going lower, which leads me to my next target....
Target #4 - $4,908
This can be invalidated at anytime, but I will not be bullish until we break out of the larger inverse head and shoulders pattern as outlined by many others here on trading view. With the market sentiment though, and BTC's inability to break out above key levels, my bias is to the downside for now.
Enjoy guys and good luck. If you get anything out of my charts or analysis' please comment, like, share, follow, etc for updated charts throughout the week!
The Game of Charts...BITFINEX:BTCUSD
Welcome, all my crypto lover friends. Let's get straight to the TA.
It looks like the inverse H&S pattern has failed (for now). The moment when we thought that we are out of the bearish territory, we got dragged into it again (probably by Mt Gox). The four hour BTC chart says that we are not out of the bearish territory yet, but, we will be soon.
From the past two days, BTC has been swinging in the price range of $8300 to $9700 (two Orange dotted lines). BTC was way below the 20 (Red) and 50 (Orange) EMA but it's catching it up at this moment. And yet BTC is much below the 100 (Dark Blue) and 200 (Sky Blue) EMA. Having a look at the volume(Pink ellipse), it looks like BTC has more trading volume in the past two days than the past week from March 1st to 7th, which is a good sign. Also, the RSI level seems to be increasing and it's above fifty percentage at this moment. Besides this, BTC is having higher high than the previous. All these could be a sign of a bullish trend, but the important thing to remember here is, we are still in the bearish channel, which BTC has followed from the beginning of this year (shaded portion).
Right now, BTC may rise form here at a certain level, may touch the 100 EMA, but it's likely to return to the bearish territory and test the support level around $7500 (the lower red line or the green line channel) if the trading volume decreases as of now.
I think, BTC is going to rise until the RSI level reaches 80 percent, but then again it will fall hard this time and test the lower support level (Green line channel). This could be due to the Mt Gox. Let's call it Goxish behaviour of bitcoin which we may see in the coming hours.
This correction in bitcoin price will be a significant one and after this, we may see the slow bull run of bitcoin. 'Slow Bullrun', because apparently if you see it looks like BTC is moving sideways with some ups and down, but, gradually moving it's way up and once it grabs that pace, we are on our way to the moon.
Always bullish on Bitcoin. All hail Bitcoin.
Hope for the best. May the odds be ever in your favour (while trading too).
Please follow, comment, like, and share on social media. Good luck trading everyone!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*
VEN/ETH - 03.02.18 - Swing Trade Buy OpportunityHi folks! We got VEN/ETH here. BTC looking to trend upwards, supporting bullish indicators. Long term VEN has completed wave 1 & 2, and has began its pivot into wave 3. Re-branding and price manipulation led to a rather short wave 2 correction. We have entered into a large bull flag as we break into, what we hope is, our wave 3. Consolidation followed buy a bullish outbreak from the wedge formation would further confirm a wave 3. Hodl tight
BTCUSD breaks crystal ballsEverybody is interested to find out where BTCUSD is going!! Well, if you only knew where it was heading you'd have an edge on the rest of the world and make loadsah money - right? Too often on Tradingview and other places - even among some so-called expert traders and trainers - I've heard the words, " I predict.... blah blah... ". These are the folk who claim to have some 'greater' insight on the future - these are the chaps and chappesses who claim to have amazing crystal balls.
Well - a majority of these folks have had their crystal balls broken by BTCUSD, in the last couple weeks! I'm not surprised, at all. Why? Nobody owns the future. Many a trader confuses a probability estimate with the word 'prediction'. If a probability is 60% for the north, all it means is that there is a 40% chance it'll go south. That's by no means a prediction. The word prediction has a specific meaning. If I predict that the sun will rise in the East tomorrow morning, I do not think anybody would be impressed by that. If however I predicted that the sun would rise in the West on 09 December 2019, that would require some looking into for foundations of evidence leading to such 'prediction'. Note that a prediction requires a lot of specificity and a pretty well defined range of time to make it meaningful.
BTCUSD has been a bearish market for several weeks. All the available evidence - right on the charts - show that a down trend is the greater probability. Yet many a trader/trainer has been predicting various high levels. Their so-called predictions are actually statements of speculation for the most part, given with some degree of assertiveness. The markets do not respect anybody. They do as they like.
Lots of traders find a great sense in being right - after an event happens - in what they call ' their prediction ' (come through). If a ' predicted ' event happens it seems to confirm their 'predciction'. No - it simply happened their way by chance (and I'm not talking about luck). 'Sense of victory' is a thief in this business! It'll rob you of your money in the long run. How? You come to feel that you were so right the last time, that you'd be right if you do the same thing in the future. Seasoned traders know that it just doesn't work like that.
Note the above paragraph excludes traders who have developed a sound strategy that matches their personality characteristics, and who have a proven expectancy ratio over a long period of time across several markets.
The following is not advice (I'm sharing my personal long experience and methods):
1. I cannot predict the future - and therefore predict nothing, ever!
2. I can estimate probabilities relevant to a particular time frame.
3. For every probability that favours my estimate, there is a counter probability that I'll be wrong.
4. I chose my trend time frame very carefully.
5. I base my stop-losses mathematically on the ATR and other tools.
6. I agree with myself to accept the loss in advance of making the entry. In other words the money is gone! It's an accepted/acceptable loss at the time of entry.
7. I don't know where a trend will go (being mostly a trend-follower). So, I have no targets but have exit criteria relying on mathematics.
8. I aim to become a 'robot' (not easy) when trading the markets. This is some protection from my inner enemies (never perfect).
9. Nobody has authority over my assessment of probabilities.
10. I do not rely on confirmations on charts, the news or opinions out there.
I do not suggest or imply that others should follow my methods. I claim no successes nor do I need to impress anyone. I believe all new traders should be helped to help themselves totally for free.
Supplemental/optional (some of my personal thoughts from my diary):
On luck, chance and prediction: goo.gl
What is and is not prediction: goo.gl
Bitcoin headed to $12,600 by next gov't shutdown date ..and then
Well, in a rare instance of predictability, Bitcoin has plotted the expected course precisely (see related post). I am expecting us to still cross our 200MA (current resistance) on the 4hr and hit our heads on that ever looming $12,600 QUAD resistance overhead. Whether we make it over that or not is still TBD. At the very least, traders would be advised to take some profit here. We'll likely drop back down to the $10,000 area before the bulls can muster enough strength to take another stab at it.
One more item worth mentioning. The time in which we hit our overhead quad resistance coincides nearly exactly with the next expected U.S. gov't shutdown deadline date. File this one under "Things that make you go Hmmmmm".
Happy Trading Friends!
FUN FOR EVERYONE WITH FUNFAIR! .60-.80 TARGETS FOR 1200%+ PROFIT
Here's my analysis on this little sleeper:
Looking at the charts I see a beautiful cup and handle has formed and is nearing completion.
The handle, which is also a descending triangle with a near perfect ABCDE correction touch, is almost near the final bottom touch (E). This is also the correction phase 2 of Elliot's 1-2-3-4-5 waves.
Combining Fib retracement with Elliot's waves and time/price/pattern brings us to the top of wave #3 near July.
For those of you who hate to do the BTC to USD conversion in your heads as I do, this price will be at about sixty (60) cents. At this point, we should see another correction, maybe down to forty (40) cents or so, and then a final pop before the year end up to eighty (80) cents.
I, personally, will be taking 50%+ off the top at around sixty (60) cents.
This is a higher risk trade friends, but I like what the charts are telling me here.
Good luck and happy trading!
S&P 500: Total change in administrative power2018 is off to an interesting start. Trump has been in office for more than a year, 2/5 saw the most bearish performance in the history of the S&P in one day, and Janet Yellen's term as Chair-person of the Federal Reserve has come to an end. The philosophical economic theory portrays recession wave cycles to happen every 7-8 years, but there has not been a notable recession since 2008 with struggling attempts to raise interest rates. Now with Trump's policies in full effect, How will the U.S. economy be impacted from a Trump Administration in the drivers seat? 2017 saw a new President in command and with the old President's policies still in effect showing bullish economic performance after Obama walked out of the White House. Now one must think, Do we have a big Elephant in the room called "the Next big Recession"? More money is individually made when markets are bearish instead of bullish. If all of these signs are lining up in full synchronization, then this could possibly be the start of the next big economic recession........
Bitcoin (BTC/USD) - $36334 Long Term PredictionThe question we keep coming across is "What are Bitcoin's predictions for this year? How high or low will it go?"
Here's some long term targets for BTC which we might hit this year based on the 1 & 1.61 Fibonacci Extension levels:
Target 1: $24771
Target 2: $36334
Elliot waves. Why cant fully trust this theory. You can find many websites, even free books of Elliot Waves Theory. But if you read it by on eye, can understand its kind of shamanistic predictions. law of the universe - from small to big, law of complication and development. To build waves, should start from max. minimum time frame -1 min. than 1 min group in 5-15 min, than to 30 min, 30 min group to 1 hour, 1 hour to 4-8, and than to daily. the waves are divided into 10 degrees, *subminute, *minute ,*minor , *intermediate, *primary, *cycle, *supercycle, * grand cycle.Depending on the source, there may be different names and divisions, but the essence is about 10 of them. The length of the wave depends on the length of the previous wave, this is calculated by Fibonacci extensions. The waves can contain impulses and elongations, the waves can be lateral or the extensions can be pulses. And the main thing is how to understand this all. Where the exact coordination of movement, measurement, distribution ,. what if to miss? Suddenly it was an impulse but I built it like a wave, maybe it was an extension in wave 3, or is it ABC? in general, you understand that this algorithm is based on your personal judgments and experience, and from those sources that you used in studying waves. When this system of construction attends 2-3 internationally recognized postulates, then it is worth starting to study it. Now it all depends on who and how he sees, and you can prove that there is no way, but skolko people, so many opinions. Not waves determine the movement of prices, but people, their judgments, analysis, the market's opinion of the traded instrument, the conclusions based on previous levels of support and resistance and the general trend. Now the theory of waves is a guessing on the coffee grounds and dancing with tambourines around the fire under the starry sky.
RSI confirmation. New 60 day BTC cycle has begun! Target 28k!$12600 support has held and our new cycle has begun! Yay!
Take a look at the chart. With the extended consolidation, it became necessary for me to update my targets. This extended consolidation allows me to also extend my target(s). Notice I have two now.
So, what is going on here is that it seems we are in a wedge. Elliott Wave dictates an ABCDE touch and then break out. However, some of the time (I do not know what the statistic ratio is? Maybe a comment warrior could help me out here), we will not experience the last wave. This is why I have two orange arrows pointing out of the triangle. We have two possibilities:
a) Hit the top of the triangle and break straight out or,
b) After hitting the top, we go back down, bounce off of the bottom and then break out.
Because of the downtrending resistance noted in the RSI chart, I expect the latter possibility to become more probable. However, as often is the case, Bitcoin could surprise me again and just shoot right through.
Revised targets are:
#1 - Just short of our last ATH. Take some off here.
#2 - $28,000 or the beginning of March, whichever comes first.
Why the beginning of March you asked? Check out the cycles again. Notice we are right on queue and headed up again. This means, we should have about 45 days of uptrend movement before we start heading down again for the last 15 days of the cycle and right into mid-March. Always keep this cycle in mind. BTC is pretty consistent with it.
Happy trading friends!
On the VERGE of massive profits. Target $0.76!
I love the way VERGE is playing out. If the base of our
triangle fails to hold at the 50MA we could retrace back
to $0.07 (or .236 Fib).
Right now we are in the buy zone. I'd set up the bulk of
your buy orders here, between .07 and .11. Then, have a few
above and below (just in case).
Our longer term target will be around .76 cents! 800-900%+
profits. I'll take that.
Good luck my crypto trading friends!
Double up. Pay/TenX. Target $7.25.Simple cup and handle pattern here. I think we could see a target of $7.25 reached within the next several weeks.