BTC rising wedge target + bear flag targetBTC is forming a bear flag right now (marked in yellow). These targets are what the textbook is telling us, let's see what is going to happen.
Targets
BITCOIN to hit $10,000 in 4-6 daysBitcoin should now start to trend up for the next week or so. I expect to be at the top of my BLUE downtrending channel again in 4-6 days or at around $10,000. In almost 3 months, the bulls have not yet proven that they have the strength to break out. I personally will be looking to sell (at least half, maybe more, maybe less) again once we get there. I want proof. So far, these bulls have not delivered.
Beyond my blue channel you have the first and second necklines and a few other strong resistance points. But you can read more about those in my previous posts. For the purpose of this idea, I'm mainly making traders aware of a temporary short term bullish move to 10k.
Peace. And happy trades.
I CANNOT BE STOPPED! BEARTHEREUM! WOW! ETHEREUM TARGETSLet me bring you back to a time when Ethereum was at $600 and I posted a chart called "SHORT -
My Next Target for Ethereum! $459.53 IF this flag breaks.". All I can say is WOW! Makin da moola over here!
We traded down to $452 just recently where some buys started to show up. Still possibility for some more downside but I closed out my position to make A LOT OF PROFIT!
I'm gonna need 50 likes on this chart if anyone wants an updated analysis from me, otherwise I'm just going to sit here say WOW by myself and count my moneys. I'd really like about tree fiddy likes tbh but i'll settle for just the fiddy.
Cindicator (CND) : Possible 500% Profit : With ProofThe figures on the left indicate precious performance for Cindicator (CND)..
It has done exceptionally well on a number of occasions, and I believe this next movement to not be any less spectacular.. It is in a stage of the cycle where it might hit resistance at the pink dotted line.. This is normal.. Take profit there and rebuy on the retracement if you so wish.. Otherwise, buy now and don't look back..
ADXBTC price movement predictionThe price went down in a parabolic pattern and reached the bottom which was at Fib 0.786. Indicators showas a possibility of huge growth from this point. If points 1 and 2 are confirmed then we will have a great possibility for 5-Elliott Waves pattern to be formed
MUEBTC double bottom is formingVolume is rising, Stoch RSI is in the oversold state. We see a possibility of Double bottom formation to be finished on the 4-hour chart. Although BTC fluctuates hard this can be a safe long-term trade, targets are mentioned on the chart
USDCHF LONG Trade UpdateI've been writing about the USDCHF since March 2nd , where I mentioned that the Swiss looked like it would start giving up ground to the US Dollar. My analysis was correct and I've been LONG the pair with at least one contract since February 26th at 0.93878. Currently sitting on +127 pips profit and nearing my Fibonacci Extension Target Zone (Green Rectangle).
On March 12th I updated my analysis , stating that a pullback to the bottom of the channel was probable and that turned about to be accurate. Price is oscillating around the 0.947 mark. Also, price is right up against the 38.2% Fibonacci Retracement from the October 27th to February 16th low.
Tomorrow I'll be watching price action. Today's Engulfing candle could easily be wiped out as a flood of sell orders are triggered
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.
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!
$XRP Ready to Breakout of a Symmetrical Triangle.Ripple is another coin that I've been watching for a while, I finally see it breaking out of its triangle, now based on how Bitcoin is after its breakout, and also whether or not RSI and Volume follow, you can determine whether it'll be an upward of downward breakout. If I had to make a calculated assumption, I would say to go Long, but waiting for confirmation can be better if you're risk-averse, I've marked the targets, and the points of resistance, you should consider taking profits at all the major resistances, otherwise if you're looking for a long-term play, wait for the target. Happy HODLing.
$EMC2 breakout from Descending Triangle. Takeoff ready,w/TargetsSeems like so many alts are ready to takeoff today, another one that I've been watching for a while now, $EMC2 has just broken out of a descending triangle, it was only a matter of time, it also has some announcements coming this month. I've highlighted the major resistance points, and I'd suggest taking profits in the first 4 Fib zones, remember, before selling always be sure to consult the RSI and Volume to see if it's time to sell, obviously if it's overbought, you sell. This coin was very oversold recently, hence the imminent breakout. This is another one that should do pretty well when altseason comes around, that is when Bitcoin gets it sh*t together. Until then, hodl tight, folks.
$ADA ready for takeoff. With Targets.Like many alts right now $ADA also seems to have broken out of its, now past, trend. We should see a nice pump as soon as Bitcoin is more stable, or as soon as Volume follows. 3.1k is a potential resistance zone, but after that, we shouldn't have much resistance until the Major Fib levels (0.382, 0.5, 0.618). As marked on the chart, I suggest you take some profits at each of them, and keep a lot out on the RSI for whether or not it's overbought (it's currently oversold), and also at volume to see if the breakout is confirmed.
Nubits $NBT looking poised for a Breakout.Currently we're in a symmetrical triangle, this could be a good play for short-term gains. I'd suggest we wait for the breakout to be confirmed and for the resistance to be turned to support, but after that, we should see it breakout as long as Bitcoin doesn't plummet after the breakout which could cause it to turn into a fakeout. It has the needed volume behind it, so I guess we'll see how it goes. But if Bitcoin does go sideways/hold its position, and Nubits breaks out, we should see some pretty decent gains since it is a LONG way down from ATH. As always, I suggest you constantly check the RSI, and sell if it's overbought. Otherwise, you can use the fibs as short-term resistance levels. If it breaks through them, I'll update with further resistance levels/targets.
The calm before the stormBTCUSD returned into the down channel . After a minor correction, there is momentum to the downside again. Pivot point is at 8982. As long as the price of Bitcoin remains below Pivot point , the bearish scenario is valid. The next targets are the support levels S1 and S2 at 8457 and 8146. The long-term target is still 5511.
Possible Scenario of the Double TopAs we broke through 9300 we've confirmed the double top. I wanted to give a possible scenario regarding this formation.
The price might try to retest the neckline at 9300. Failing that would further strengthen the authority of the double top formation and we might reach the target of 6800.
Bears still grinding ETC Down. TO THE MOON?!?! Not yet!Please see my last analysis on ETC (Linked below) with bold downside targets that were masterfully predicted and profited from. Iedi went short around $29.50 and have since booked profits on my entire position. I don't have anymore money on this coin at the moment. I am not yet confident enough in my prediction to put more money into it, but if you asked me if this coin is headed back up or still going down, I'd say likely down a little further.
This is not a long term prediction, and does not factor in fundamentals of the coin. I'm looking at patterns, trends, targets and price action to make realistic predictions of what could happen. DO YOUR OWN RESEARCH.
In my last analysis which lead me to take a short position, I predicted several downside targets to take profit at. Included in that analysis was my BOLD prediction that ETC would reach a target of $15.50. That can still very well happen and it might. I've picked up on another mini head and shoulders pattern that leads me to believe we're still heading down in that direction.
The target of this head and shoulders pattern is at $17.53, and with the overall market sentiment this seems like a very plausible scenario. Breakdown below this level will open up the doors for the original target of $15.50. Breakdown below that opens up the door for $13.91.
I do think we are getting relatively close to a price where bulls might start trying to take control again. Will be on the lookout for a reversal, but have not seen it yet, and will be on the sidelines for now.
Enjoy and good luck. If you get anything out of my analysis, please like, comment, follow, share etc.
$Bitshares Moon CycleBitshares has been down trending in this falling wedge for the last couple months and we are finally nearing the bottom.
Price is starting to land on the trend line which will give it some support for the coming breakout of the falling wedge.
Here are my three targets that i will be selling at once price goes parabolic!
This coin is one of my personal holds and I see very bullish continuation to follow.
Don't miss out on the hype train, this ones nearing launch :)
Down trend establishedBTCUSD broke out or the blue triangle and it returned into the down channel. There is momentum to the downside. Pivot point is at 9479. As long as the price of Bitcoin remains below Pivot point, the bearish scenario is valid. The next targets are the support levels S1 and S2 at 8846 and 8392.
Bitcoin 4-6 day target - $8885 - Short
Well, Bitcoin has been actually making me look good the last several weeks. Projected pattern has been followed EXACTLY as expected thus far. You will find the related link of my previous post below but let me summarize it quickly for you:
- Inverse H&S was spotted by the masses on tradingview, but I remained skeptical that these bulls would have the strength to carry through as projected.
Reason: Low volume on the right shoulder.
- As expected though, the bulls did carry us up to the first neckline where it stalled out for a couple of days.
- After that, it was able to push through, it stalled again for another two days at the top of my BLUE downtrend channel.
- Finally, it broke through for one day, touched the second neckline in RED, and tapped out.
- BTC then came back into the longer 2.5 month descending BLUE channel as predicted.
- The bears broke back under the intersection of the first neckline with the .382 fib retracement leven and rested on the bottom of a longtime ascending channel I have drawn out in BLACK.
- This too, has not been enough to hold these bears back, and so here we are today.
- We are now back under major support which now repurposes as bullish overhead resistance. Given how weak these bulls have looked the past several days, I expect the bears to win this battle and take us all the way back down to a trisection in my chart. This is the area where the 200 day moving average intersects with the top of another PINK ascending channel AND our .236 fib retracement level.
I expect that once we reach our target area, there will be another big bull bounce. I'll have to look at the volume again, but I anticipate that price, time, and pattern will all align. This may finally give the bulls the opportunity they are looking for to break through all of this tremendous overhead resistance! Again, volume must confirm once the target is reached and I will reanalyze again at this point.
If the bulls don't find strength in the target area, it is possible we'll retest our low of $6000 or even head back down to touch the bottom of my blue channel at $2000-$4000! Although this latter scenario remains least likely, it still is within the realm of possibility according to my charts and I would be remiss not to at least make mention of it.
Happy trading friends!
Where is little brother going? Your levels - $172, $160, $140
Little brother is traveling south. But where's he going?
- Next stop is $172
- Below that $160 (the top of my previous buy zone)
- He may even want to kiss mother 200 day one more time at $140 before coming back.
These are your levels for the next week. A good zone to cast your buy ladder is anywhere from $160-$172. Set a couple of buys between $140-$160 as well.
If little brother decides to travel all the way down to mother 200 day, she should send him off nicely. Look to cash out on some profits the following few days.
I will reanalyze the charts at that time.
Happy trading!
Hey BTC! I found volume! He's over here!
Well, that escalated quickly! And, surprise-surprise, we have found our long lost brother, volume!
Not long after I hit the "POST" button on my last idea this morning, (), we started heading quickly to the target range I had predicted. We are still not there yet so hang tight. Here's what I see as possible scenarios:
- One, a sideways day or two before hitting our target this weekend sometime.
- Two, it's possible we have another big RED candle tomorrow as well.
- Three, I could be wrong and today was all the capitulation you're going to get in which case:
-- We won't reach our target area
-- BTC won't get a second chance to kiss his mother (200 day MA) goodbye.
- Four, we take one of the first three choices, bounce, head north and then get stopped a second time by the top of my BLUE channel before heading lower again.
- Five (least likely), we simply blow right through the 200 day moving avg. and continue south with little to no hesitation. This is very unlikely with the capitulation volume we observed today, however, BTC has surprised me numerous times this past year or two and thus, I would be remiss not to make mention of this option.
I'll leave it up to you all to place your bets on which of these scenarios plays out. For now, I am still hoping to hit our target.
Still too early to tell if 4 will be a valid option. If we head north from here and hit the top of my channel again, the probability increases that we hit our heads and continue south. I think we need the springboard of the 200MA to give these bulls enough momentum to push through resistance, form the right shoulder correctly, break the last RED neckline, and continue north. IF (BIG IF) the bulls can actually do that.
BOTTOM LINE: We have our volume! But will we get our trampoline bounce from the 200MA as well? We kinda need that right now.
ONE MORE NOTE: Just a theory, but I had noted in the past that BTC likes 60 day cycles. First 45 UP. Last 15 DOWN (ish). Because, of the futures trading announcement pumping the market abnormally last Nov-Dec, the last cycle got all jacked up. It was all down and ended up extended by 25 days. That shortened this 60 day cycle by 25 days, making it 35 days in length. We have been in and UPTREND for 28 days of this cycle. If my timing is correct, the last 7 days should indicate a downward trend. So far, so good. 3 more days to go! That puts us right at the weekend. Perfect! This aligns magnificently with my charts and is nothing but good news for the bulls should we hit our target.
Happy trading friends!
Etherum Classic (ETC) Final Push?! - 5th March HardFork/AirdropHere is a trade based strongly on fundamentals. We are trading Etherum Classic based on a very strong piece of news, news that the entire cryptocurrency markets love, Hardfork / Airdrop.
I've been recommending Etherum Classic since December 10th, you know we trade LONG term. Long term is safer and produces the best results.
Our first buy-in range was between 0.00130 - 0.00195.
Our second buy-in range was around 0.00218 - 0.00296 on the 2nd January.
You can see these in my earlier trade ideas, this will be shared in the update sections.
Here are the news that are likely to make Etherum Classic reach new highs, it is about the Hardfork:
Next week the ethereum classic (ETC) community is expecting to receive coins from a ‘snapshot’ fork called ‘callisto’ (CLO). The clone will be an exact copy of the ETC chain up until block 5,500,000 and ETC holders will receive a 1:1 ratio of CLO coins.
So everybody holding ETC will receive a free Callisto (CLO) for every Etherum Classic coin. This is called a hard fork / airdrop, and people love it. This is a piece of news strong enough to move the entire price of this coin, but let's take a quick look at the charts.
Charts, Signals & Indicators
- Etherum Classic has been on a very solid uptrend for quite a while now. If you look at the daily chart below, you can notice that this coin remained strong even throughout this huge market wide correction, and it is still going up and wants some more. The ascending channel you see below started on the 8th December.
- You can also see the MACD crossing over as well as the SMA lines crossing each other all over the place, these are the brown, blue and green lines.
- The daily candles are looking awesome as well.
Etherum Classic is very bullish and these signals are strong enough for one last big run before the hard fork.
Here are my new targets for you:
Etherum Classic (ETC) Long term targets:
(1) 0.0045997
(2) 0.0055029
(3) 0.0062329
(4) 0.0069628
(5) 0.0080021
(6) 0.0093259 (All time high)
(7) 0.0131489 (New all time high)
Use these targets as reference points to sell. Based on the strength and momentum the coin has while going up, you can decide which target to sell at. Not all targets are meant to be reached.
Etherum Classic (ETC) Shorter term targets:
(1) 0.0040882
(2) 0.0046741
(3) 0.0050912
(4) 0.0056225
(5) 0.0071568
(6) 0.0096395
If you are less optimistic or want to trade shorter term, you can try the targets above. These are Fibonacci based targets.
Buy-in and Stop-loss: If you are looking for a new entry point, I am not offering those. This trade idea is for all those that are following me from the beginning. But you can enter now, around the 0.0037 price range and use a tight stop loss to reduce risk. Aim for any target you like. Your stop loss can be 0.00312.
Trade strategy: Sell before the Hardfork news on the 5th March. You can say a day before or whenever we are sitting high at the top.
Enjoy. Thanks for your continued support.
P.S. Other coins to look at now: DCR, SALT, LTC
TESTA E SPALLA SUL BTC/USD IN COMPLETAMENTO BTC sta per completare il testa e spalla bullish (fortemente rialzista) a breakout può puntare direttamente ai 12.000$
aspettare la rottura - volumi in calo si avvicina il weekend
