BTC Rising Wedge Expecting this rising wedge to break down soon. 4 hour MACD has crossed bearish, bulls have lost momentum. Target is 5k.
TA
Bitcoin price prediction (BEARISH)We are currently in a rising wedge pattern on both the 4hr and 1D chart. I will be laddering into a short position between $6995 & $7200. Stop orders set between 7326 and 7400. Short term if bearish will likely bounce around $6600. Longer term bearish scenario will likely end up below $5800.
ONT/BTC pre mainnet We can see that ONT has fallen from the previous trend line to the new support zone(4). If BTC bottoms out around 5k then we can expect the retest the previous support zone(3). If BTC has already bottomed at 6k then we should expect a continued uptrend movement in line with the new trend line all the way until mainnet release.
BTC buying oppurtunity at 6k !Besides being bearish on bitcoin for this year, shorts keep increasing at a exponentional rate, and we are heading to the big big even at 6k.
Big players on this market will be looking for this level, to add to their positions, and we still have a big potentional for a short squeeze.
Trade setup:
Entry scaling between: 6k / 5.8k
Stop Loss: 5,3k
First profit taking target: 6.9k
Btc road to 6k?In the yellow rectangles you can see the daily three black crows followed by a green small one followed by more downwards action.
Also its been respecting the 236 fib ma really well but the difference is, it wicked of the previous 2times at ATL. This time its staying right above it which acts as a good temporary support.
This is looking scary to me so i expect more downwards action.
Now ofcourse we can also just go up i wouldn't mind that! :D
Im thinking 6k will be the lowest low but it can always go to 5500.
I am not a professional also do your own research! :)
Btc not looking so hotLooking at the one day chart we can take into consideration of a 3 black crow pattern, poor strength on the rsi in any type of upwards trend at the moment, and a lot of failed attempts to break above the .236 fib level. I assume we will correct further down to the 7150-7k range and from there we can only hope to stay above $6950. Will be laddering into a short as we go.
Bearish and Bullish targetsWe are currently in an ascending triangle formation. Though this pattern can occasionally lead to a breakout, there is not much volume to confirm a continuation of an upwards trend. I have closed my long position and entered a short at 7625 with a stop set at 7689. With our current standing, I assume Btc will find support in the $7300 range and if that is broken our next support is $7200. If we fall past that expect a new low below 7055.
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Currently trending slightly above the .382We've been trending slightly above the golden ratio .382 on the 4hr fib. if we break back below that we will more than likely retest the trend line below. Still a possible bull trap as the flag is not longer than the pole and could still be considered a bearish flag formation. Strong resistance in this area.
ONTBTC 03.06.2018 Just quick idea guys. Completing Wave 3 of probable bigger cycle Wave 1. Still 5% profit possible but with 30% of your capital. Danger game if you want to ride it from now. Spotted to late. Sorry guys.
Target hit perfectly. Updated bearish target.We've pulled back after stagnant movement near the .236 fib level on the 4hr as well as breaking down from the rising wedge we were trending in. Next target is the $7250-7300 range and if those are broken a possible new low following afterwards. If you find my charts helpful please feel free to check out my telegram channel...Link will be in the comments.
BTC/USD: The black hawks down? Hey ravers!
Maybe I'm beaked again, but I see the up-trend too weak. Keeping in mind that btc is in a bearish market since the beginning of the year, we shouldn't be too optimistic about this short bullish rally. The chart speaks for it self. BTC should go up to test the 100-MA resistance, but the fact is that it has failed to surpass the 7.7k line and that could take the most important cryptocurrency to drop to the 50-MA and prove its support. Also, the RSI is getting to the over-bought area, which means that btc could eventually drop in the very short term.
I'm just learning, but I see a double top and two uptrend lines that could be tested in the following sessions. Let's see.
Peace.
IOTABTC 02.06.2018 Update 2Correction ABC in subwave 4 in progress. Expect max of subwave 5 - 26500. Than close all positions and wait till retrace to buy zone, will see how it goes. Kepp you updated guys.
t.me/cryptounitech
IOTABTC 01.06.2018
Time to go short guys. Wave 3 finished. Confirmed by MACD and RSI on 30 min TF. Expect Wave 4 to retrace to 22700-21500 where I will stack my buy orders.
t.me/cryptounitech
Dash Coin is ready to breakout !! Dash is almost at the bottom.
From past 5 months , the DASH is dumping hard.
Now the price is at buying zone. In past the price was going to moon from this level.
Chart already looks great to breakout, because
Falling Triangle Pattern, which is a bullish reversal pattern.
RSI is almost nearly to oversold zone..
But the price needs to break this resistance trendline to start its rally..
So there is a lot of chances that, DASH starts its bull run..
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Tron (TRX) consolidatingHello This is simply to educate others.
Daily chart for TRX/ETH is consolidating.
- Macd has cross over to the down side on Daily chart.
- Stoch RSI is pointing down
- Based on Bollinger bands We can enter around 0.00009230 eth for a possible move up (ASSUMING there are bullish signs and the weekly chart isn't pointing down as well otherwise we will continue to go down if support doesnt hold)
Based on those we can expect more down side before any further movement up.
Worse case scenario I see Trx going down to 5 cents where it will be a good entry point for those looking to buy.
As a side note BTC has control over what happens with the all Alts so for now paying attention to how BTC behaves is a must before entering any trades.
I did not sell my coins im Holding until we move up again. Thank You for reading!
I will update the chart if i see any signal of positive later on.
Please like / follow / comment if you like my first post! :)
Please remember crypto is volatile and always invest only what you are willing to lose.
Buy at your own risk.
Rising wedge = Decision timeCurrently in a rising wedge pattern. No trade zone for me until confirmation of a breakout upwards or leg down. looking more bearish than bullish to me. Bullish divergence on the 4hr rsi was broken and we continue to trend below it. a nice green candle above the high of 7560 will invalidate my bearish call and possibly proceed past 7600 if we breakout with enough volume.
Sitting on a major trend line right now. Sitting on a major trend line support/resistance level right now. Hopeful for a break back up to retest 7599 but set my stop accordingly. prepared for a hard dip but still hopeful we'll remain bullish. could be a turning point within this hour. 7520 will either as strong support or immediately be broken. looks to be a cup and handle forming.
about to break symmetrical triangle. twitter - @EyeOfCrypto1about to break symmetrical triangle on the 30 minute. a lot of bullish pressure to continue upwards. $$$
possible bounce on trend linepossibly another leg up to retest 7400 if we stay above this trend line. wicks shower higher lows but also may be forming a bearish flag on the 4hr.
