BTC/USD is looking bearish in short term analysisA possible retracement at 7400 base in trenlines and patterns,
this is a short term analysis using lower timeframes,
TA
BTC bull run - the dance is almost over!Dear Crypto addicted, fan, lovers, haters, whatever,
in the past days huge capital injection to raise BTC from the annoying sideway 6.5-7k to 8k peak, volume also temporary increased from 4-5MM to 9MM per day.
Is that a reversal of the downtrend to an unexpected uptrend??
I don't think so, we currently are still below the channel top of the main downtrend coming from 20k. (log and linear)
RSI and MACD are strongly signing for a down correction, BTC is overbought and RSI is diverging.
This scenario is very similar to the one we experienced couple of weeks ago.
We are expecting a second green leg to around 8.5-8.7k and then a very strong correction.
So very probable a downtrend in the next hours.
Stay tuned and like, share comment if you enjoyed the TA.
*this is just my opinion I'm not a professional advisor! Make your choices wisely and manage your risks!
Bitcoin (Mid April). Still Bearish. Don't Fall for Bull-TrapThis is my update for Bitcoin in April. I do understand the idea of buying Bitcoin on the weekly swing trade since it is near reaching the 8.5k-9k resistance area it has reached many times before. In the very short term, we do see a bullish ascending penant and it could very well turn out to be an inverse head and shoulders. But the RSI is questionable, and is already near the top, and falling a bit.
Those in it to hold mid to long-term should still wait before reinforcing. Look at the grand pattern. It's still a parabolic rise followed by a descending triangle. Bitcoin's periodic rises throughout this winter and early spring haven't been nearly as much as its hemorrhages to the point where it's a plain descending pattern. This very recent jump is not the real bull-run. Odds of seeing 12k this or next month are slim and odds of seeing it go beyond that within that period are virtually nonexistent. We may go up to 9k again, but Bitcoin is still poised to go to 4000-5800. If you've followed this page for the past few months, you know my projection for the market hitting rock bottom is estimated to be late April throughout May for a while. No FOMO.
BTCUSD Makes Its Move - Bulls on Deck COINBASE:BTCUSD
Bitcoin FINALLY shows a reliable bull signal - yesterday's hour long run from ~6900 to ~8100 proves to stay more or less in tact, moving the daily chart out of the downward trend BTC has been in since Mid December/Early January. Big news.
THE REAL WAY of BITCOIN!Its time to reverse by tech and fundament analysis. 2 IMPORTANT trends(one of them from the borning of bitcoin) and powerfull support line. There are also a lot of important people(like Rokfellers and Rotchilds)and companies join crypto by last months.
Will Bitcoin repay the loan or can bears accept a double bottom?So I still think we have to dip down as hard as we spiked in order to please the bears and get this price back down to where the whales will jump back in and repeat the cycle. On the other hand, sometimes loans can be paid off short. Looking at it from a non technical standpoint, some may say a double bottom combined with the extended amount of time we have spent trying to get there makes us even.
With that said, I present 2 options:
1.We bounce off the double bottom and take a nice ride up. My charts shows some reasonable fib levels to bounce at.
2. We continue to fall until the spikes have been exactly repaid and then we are allowed out of jail. My number for the low is calculated from 2 things. 1. I feel that the high from January 6th equals the low of February 6th = repaid. The ATH from December 16th needs to be repaid (with some blood in the streets). The difference between the highs of Jan 6th and Dec. 16th is $2700. (17200 and 19900). Subtract 2700 from the first low of 6000 and we get 3300. 2). 3300 has strong support from a reversal back on September 15th, 2017. This seems logical to me from both a TA and FA perspective.
We all know whales control the market. And no matter what our fancy tea leaves say, they will make the moves they want when they want to make them. So, thinking like an arrogant, "nothing impresses me", filthy rich whale, I would probably think: "I bought in last time when they announced futures trading was coming to Bitcoin... around $5000. I got a 4x gain and then bailed out at $20K. This time I want MORE PROFIT. I will wait until this hits 85% off ($3,000) and then ride it all the way past 20K for a nice 10X profit ($30K) and then dump it again.
If that plays out, me buying in at $3300 will be great!! I will take that 9x any time!
ok, so that last part was a stretch, but I am SURE some whales have that thought in mind. They always want MORE POWER. That means huge gains like more than double what they did last time, and why not a nice even number like 10x? My ideas have a chance just like other people.... I can't wait to see how it plays out!
BTC Stophunters!Stophunters are real quys, perfect example of a beautiful flag setup dipped hard below support right before the breakout. You could tell that once we got huge sell volume on the 2nd smaller flag the run was over for the most part. That's where clean flagging turned into choppy channeling. Keep strong hands manipulation is strong atm. Rising wedge currently breaking out most likely a bull trap as the second half of this Bear Flag is much smaller than the first leg down.
BTC Stophunters!Stophunters are real guys, perfect example of a beautiful flag setup dipped hard below support right before the breakout. You could tell that once we got huge sell volume on the 2nd smaller flag the run was over for the most part. That's where clean flagging turned into choppy channeling. Keep strong hands manipulation is strong atm. Rising wedge currently breaking out most likely a bull trap as the second half of this Bear Flag is much smaller than the first leg down.
BTC Stophunters!Stophunters are real quys, perfect example of a beautiful flag setup dipped hard below support right before the breakout. You could tell that once we got huge sell volume on the 2nd smaller flag the run was over for the most part. That's where clean flagging turned into choppy channeling. Keep strong hands manipulation is strong atm. Rising wedge currently breaking out most likely a bull trap as the second half of this Bear Flag is much smaller than the first leg down.
Switch your chart to log scale...Have a look at this. Log scale makes this "breakout" look like a who cares break of the 50 ema. Seems like a dangling carrot sent over by the bears... We are still in the downward channel shown inside the blue lines. If we get above 7300, that might raise an eyebrow. Even then we are still way below the main downward trend line from the ATH shown in green. Just seems like the bears are trying to trap some silly bulls into buying so they have someone to buy their sells. I still think this market goes nowhere until we are below 6K. I'm a silly bull waiting to buy.... come on bears! Bait me in with some juicy sub 6K worms and I will bite!! And get ETH below $300 while you are at it, and we can have a big thanksgiving meal!!
Bullish divergence on the 1h chartHi guys!
On the 1h chart i noticed some bull div while looking at the RSI and the chart.
Higher Lows on RSI & Lower Highs on chart = bullish divergence
This means we could see an upward movement within the next couple of hours.
I post daily charts on Twitter @misssbitcoin
I'm on YouTube as well! MisssBitcoin
Good luck trading guys!
Hugs,
Maddie
SNTBTC ShortHi all,
We are still on a bull trend, I even think that we could reach the first target today , and very probably in the 3 coming days.
Target 1 @ 0.00001495 BTC
Target 2 @ 0.0000159 BTC
I'm a biginner at TA, and there is no certainty in this analysis.
CRUDE OIL / Elliot WavesIm the Wizard of Farts and Charts and dropping knowledge as it seems no one can count simple EW patterns here. People are guessing their trades and not understanding wave structures. Let me show you how poop is done. I almost cry when I look at the stuff people post in here and Im sure lot of people are losing their money. This Crude Oil thing started with a so obvious H&S pattern that I almost laughed when I saw it in the making. Then we got into doing some complex correlation waves that are still in the making.
THIS INFORMATION IS NOT MEANT TO BE USED AS A FINANCIAL ADVICE.
We are going to a important moment to bitcoinStrong support at 5900 triangle pattern being formed. Neutral for now. more corrections ahead. waiting to see when we are going to break this formation.
EurGbp: Cypher bearish: Wait for the D leg.Hello Guys.
Here we looking for a cypher pattern to short.
We just got a litlle consolidation, and a break out. nice litlle pullback, into the Doble top Adam&Adam.
We broke Down Again, and make the B leg, on the cypher. ( LH)
After that, we got a nice break Down Again, and got a LL, what make the ( Fibonacci extension C leg).
Now we will wait for the D leg to complete.
If you look where the D leg, come in to, you will see it right into the Support zone, And will be the "resistance" now.
It, can also make decline the cypher, and broke under the C before there D.
Remember to look at the RSI, and some chart patterns.
BTC Channel Break PendingWaiting to breakout of the channel. If we can go above $7,000 then the dump is probably over.
Quick Litecoin analysis before bedJust putting my 2 cents about the Litecoin market after watching it for most of the day. Using trendlines, support/resistance levels, and some Fibonacci lines. Got some of the price movements correct for a quick swing trade I did not execute(A lot of fear due to the long term charts, I believe signalling a up swing rather soon). Practicing for the larger swings for when the bulls take back over and my account isn't completely dependent LTC being above 220/USD.(Rookie mistake, but a mistake none the less)
I would like to see some constructive criticism or praise and speculation
BTC/USDT To 5k??Back when we hit 6k, that was considered our resistance level. we bounced right off and uptrended back up. Now we face another down trend and seems we will be testing that 6k resistance again. if BTC/USDT breaks that resistance level, it should be our confirmation for around 5.3k-5.5k resistance. Then we will be done with our downtrend.
