Targets
Long entry and targets from a bulls perspective - xbtusd bitmexThese would be the last 2 retracements bulls would look for if we don't keep support on the .5 fib from a bulls perspective. You can see the bottom 2 boxes would be either short targets, or long entrys IF we went lower from here. The top 2 targets are the next stops I see for longs. Remember this is NOT finance advice, just chart art. Good luck have fun.
Possible short targets if we collapse. Bitcoin - BITMEX XBTUSDPossible short targets that we may meet. The red boxes at the top are possible long targets as well. I am currently short and will DCA into it if needed, but remember I don't give financial advice, this chart is just art. Good luck and have fun.
Short squeeze scenario - XBTUSD - BITMEXPossible short squeeze targets for XBTUSD. This is what I think targets would be IF we played the ping-pong game and went to the next target on the list in the 6700s it would fulfill the "short squeeze" This is just chart art, never take these as financial advice. Have fun, Good luck.
BTC/USD: Now where was I? Let's pick up where we left off..Weak volume and RSI still a bit too high. Notice green dots on chart. Almost there.
However, clear uptrend based on multi year line. Lower highs seem to be converging with higher lows overall on the macro level. Much more consolidation within an increasingly tighter range is likely (e.g. 6100-6400) for the next few months or so, until buy volume pushes us out of this micro down trend.
*Premise of this analysis: 5800 is well supported. If that is broken, this trading paradigm is invalidated.
1. 6500 was clearly rejected today with decent resistance. But yet still not safe enough to short, unless scalping or day trading vigilantly.
2. I'm not gonna fight for scraps at 5800, and would rather layer in some longs a little higher around 5880, with a SL at 5799. This way I can sleep at night!
3. Target 6800. Needs to break this key level with volume in order to push further to 7500, and beyond. Might consider closing long at 6800 or taking profit, whatever suits your strategy best. If 68 fails, might be a nice short, but too early to tell for a newb charter like me :-)
I learn something from everyone, so please share your take on this.
****Good luck...we're all counting on you!
It's been a long time. GBP/USD Has established a bit of upside momentum and we are now ready to put in some trades. We are going long and are ready to buy the pound inside 1.31700-1.31820 area. This trade has a good conviction rate and even better risk reward ratio, like we always try. Drumroll please.... 5:1 Ratio for the risk/reward. Unless we get some negative fundamental update from brexit, we should be hitting those targets before the end of this week. Happy trading, Go #WOLFPACK !!
H&S Anyone?H&S formed, last time it didn't play out for me so i will be waiting for a confirmations lower than 1440
target possibly to 1380 - 1320 unless it breaks through lower trend line then could be looking at 1200 if bitcoin sticks around its price now.
PS have my doubts as it has already broke neckline and is finding resistance at 1450.
POSSIBLE TARGETS FOR BTC, IT IS FREE - ENJOYHi Trading View,
Double Top has been confirmed and now we are on a bear wave. Could be the last one before market decides to go long for a big wave.
How cool is the Moving Water? Many people did not believe on the double top, but there it is been draw on the chart.
I am sorry if I had so many short charts, a lot of people get angry, but it is not my fault if BTC is falling, since 20K.
Believe me, It is not because of me that it has dropped 14k. I really don't have that power, I just can see it, and I would not avoid post a chart because most of people want it to go long.
Actually, many people have thank me that they saw my charts before putting all their money, right before it dropped from 20k.
But, I also have some LONG charts already, that did work 100% PERFECT (check my history).
So, I don't just do SHORT charts.
I am still testing the MOVING WATER, and everything here is for free. Let's hope it keeps improving as it is.
I decided to spot all the prices that could be reached, and bounced to help your trades. $ 5700 is the bottom for now.
I am so happy I have now 830 followers. Thank you all for the support.
For more information check the related charts below.
Feel free to: comment, suggest better ideas, ask questions inbox, help me improve, post a better chart on the comment, and GIVE A LIKE and FOLLOW.
GOOD LUCK. GOOD PROFIT.
AUDCAD - IHS Reversal, now pausing at Fib on route to TargetAUDCAD bottomed out with an inverse head and shoulders reversal which was confirmed with a break through the neckline at 0.97054. The pattern targets 0.985 which currently aligns with the 200 DMA which is a useful reference for aligning longer term directional bias. Currently we can see price is undergoing a natural pause around the 38.2% Fib. retracement level of the Mar-May surge in CAD strength as well as support turned resistance off the corrective dip mid Feb 18.
Short term target is the 50% Fib level at 0.99 which is frankly close enough to 1.00 for this to be a sensible target zone, expect a few candle wicks penetrating and failing at this level before we see the next wave of momentum
Bitcoin Projections: Targets InboundWe are beginning to establish a more secure bottom at the .786 fib line around 7180 and although its still a possiblity we drop to 7k/6900 we are so close to the bottom that i'll use the drops from here to accumulate more entries but patiently wait for the swing up to 8300. Which would be a bout a 15% swing. Keeping it simple for everyone with this chart.
Please follow and like if you enjoy the content. I always do a daily update on bitcoin and the market as well as everything else crypto in my discord channel called the crypto blend or my youtube under crypto hippo. check them out and help build out a huge community where we can help everyone flourish in this market!