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Tripplebottom

HBAR Buy Signal (Upside Potential) It appears that HBAR has bottomed out and just about completed a triple bottom pattern. It has also broken through it's trend line resistance and retested it and found support on it. In the next few days it should retest the top of the triple bottom and find support. After that there should be plenty of upside potential. The first target is $0.018. We'll see if it finds support on the fib circles. If so, the price should rise rather quickly. Time will tell. (Updated to fix fib circles)
BITTREX:HBARUSDLong
by Cryptical_Thinker
1
MAID/BTC long position with solid R/RTechnicals only I didn't check or research this coin. It is weekly chart so the action can take some time but only based on what I see pair is in the interesting moment. I marked with arrows triple bottom which is nicely respected by market. Triple bottom merged with lowest lows from the end of year 2015. It is not certain to me if the pair will bounce and will shoot up or temporally bounce and retest this rather solid support area. R/R is very fair I set up TP area in reasonable place. It is definitely very good place to enter the market. TP areas : around 6500 which I believe is quite possible (2:0) around 9800 which it may happen. (4,5:1) above 10k it is possible I think but I don't consider it for this particular trade.
MLong
by Krystiannwk
Bitcoin Recovery & $11,700 on the way with 12-14 weeks We had bearish patterns 1.Falling wedge Dec2017-April2018 2. Channel Down May2018-Jully2018 Both bearish movement are part of bubble pattern phase (Almost 7Months) & Wonderful news is this bubble pattern is finished after touching $5835 and performed triple bottom pattern . So 100% bullish wave BTC need to break out 7804 as bullish confirmation line and if this level breakup (at least with full bullish candle ) then we will reach Fibonacci 0.0382 @ $11,732 as bullish projection with in 12-14weeks . bit.ly
COINBASE:BTCUSDLong
by ThreeCommasBot
BTC at key support - falling wedgeDear all, Here is an update on BTC based on current downtrend and falling wedge patterns. We can observe that the angle of each falling wedge (correction phases) is smoother and smoother which highlights that the bear cycle is closing to an end. However BTC even with this triple bottom, can breakout downward this descending triangle to test $6,000 or $5,400. This analysis is based on: - Falling and rising wedge patterns - Trendlines, support and resistance - RSI To enter a long term trade now the setup would be as follow: - Stop loss $6,000 - Target Profits: $7,200 / $7,800 / $8,200. This forecast is not a financial advice, study, exercise yourself, put into question your reasoning. Well, strive to be a better trader tomorrow than we are today. All the Best from the Crypto Space Alteroc AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai twitter.com
BITFINEX:BTCUSDLong
by Alteroc
9
BTC bservation of general pattern: Triple bottom approaching? Could we see a triple bottom soon? Why not? BTC has been at the mid 6000's level twice this year (Feb and April) and before that was mid November 2017. Since mid December 2017 the overall trend has been bearish and could this be an indication of trend reversal?. Are we about to test the mid 6000 support again after 2 months? It does appear we are heading toward that destination soon which could be very healthy if it holds up. This is not financial or psychological advice, it's simply to bring forth ideas. Thanks!
COINBASE:BTCUSD
by Napoleon_Carnegie
BITCOIN: 71 bars trend prediction (start of a new hype cycle?)In front of you are 2 possible ways, how the next 2 to 3 motnths could play out. If we manage to break 9k again in the coming days i see following 2 scenarios that are likely to happen (based on past years of btc, 2013, 2014): scenario A: we manage to break 9k again and hold it. This would be needed to build a new RSI floor level at 42-43 and gain strength to break through 10k end of may. We then would have a dip again sub 10k, but just for a short amount of time, as expected after the 10k barrier. We then follow the predicted lines up to 11.7k till end of july. This would be a healthy way to recover, not too slow and not too fast. It may even be enough to start a new hype cycle if we manage to break 12-13k along the path of scenario A. scenario B: we would follow the actual beartrend down to 7k for a tripple bottom (feb, march, may) and then bounce off to ca. 8500 - 8900k. We might even touch 9k btc but are not able to crack it. (put "ITS NOT OVER 9000" meme here..) the disappointment would be big and throw us back down to 7.1 - 7.5k. But at the same time it would show us a flag pattern in a slightly uprising wedge and people will assume the price will break out soon, what actually might happen in july if enough traders/normies believe in it. Ye i know.. people will say, you have no clue its crypto. And yes we are in a very volatile market. Yes this market is manipulated af. But then again, if you would have just looked closely at log pattern of the btc price over the past 8 years you could have predicted the crash in january. Most TA/FA sheeples calculated a drop of 40 to 50% in january after the big hype. What we didn't expect was a drop of almost 70%. (some alt coins even 85%.. rip) So let this be a "lesson learned". Previous years can help to predict some trends, and people will compare actual price movements to previous years again and again. That alone will make the price somewhat follow those predicted lines. The only thing i can say with 100% certainty is, THE BUBBLE GRAPH MEME IS DEAD. It did not follow those lines till the end. We should have had a drop of almost 85% and then despair for a long time until we recover. Instead we did fall down to 7k (-65%) and then went quickly back up to 11.6k. Even the second drop in march/april went not further down than 6.3 to 6.4k btc. So this shows us we have more of a sideways trend pattern than full bear mode. Ok i wrote enough.. let me know your thoughts about it. ;)
BITFINEX:BTCUSDLong
by MarkiMark_1559
BTC - WE ARE SAFE - WE WON'T GO BELOW 5800$ Hi our dear crypto family! Thank you for all private messages, likes an comments. You are the reason why we are doing all this work! Remember, YOU ARE AWESOME. In this analysis we will focus on technical analysis solely. For deeper understanding why we won't go below 5800$ look at our previous (11.04.18) BTC analysis. It is linked down below. Trading view limit number of signs in the analysis and there was no place for tech. analysis any more. LOL So here are some tech analysis details: Triple bottom shape - bullish SMA6 crosses SMA20 - bullish cross MACD positive convergence RSI positivie convergence trend Fib trend based extention - we are almost at the very bottom. Fibonacci levels (long term): Target 0: 6000$ Target 1: 9399$ Target 2: 11468$ (above this we can say we have a stable trend reversal) Target 3: 13241$ Target 4: 14940$ Target 5: 17340$ Target 6: 20369$ We would set stop-loss at around 6500$ (look at the triangle) if you are conservative or as previously mentioned and described in our previous analysis 5800$. If price drops down and stays between 5800$-6800$ this is actually strong buy zone. Stay tuned! Don't forget to comment, follow and like if you agree. You are more than welcome to share your thoughts! HUGS! Your WBM Team
BITFINEX:BTCUSDLong
by WBM_Team
2
We will tell you why BTC will not go lower than 5800$Hi Guys, as averyone wonders how low BTC can actually possibly fall we tried do answer this question. It is not easy task. We have to get back to the basics. Why is it even possible to have a BTC, to make any transaction with BTC....? Have you ever thought about it? We don't mean mobile phone, public address, private key, exchanges and so on. There are whole infractructure, people, companies involved. Developers, miners and people who want to use it (buyers and sellers). That's it. That is the whole magic. Without them there were no cryptoworld today as it already looks like. Here are the key factors: 1. Satoshi Nakamoto has/have created BTC. They figured it out how to create, safe, digital asset combining it with the whole network of miners 2. Miners give essential infrastracture to maintain the network and make it possible for BTC to be transferd by 3rd parties 3. Finally we have a network effect. It means more and more people want to have, buy, transfer, hodl it. So here are 3 essential factors to make everything work. First point mentioned here is pretty obvious and we won't go into it any further in here. One important information: Satoshi Nakamoto is in possession of around 1mln of BTC. So this 7 bln of dollars. They have enough money for development of the project as well as keeping the price at any level buying or selling their (crypto) money. Second point is here very very important in this puzzle. To keep this network all miners and nodes has to be duly rewarded. Mining effectivness/profitability is directly connected to the price of the electricity. 90% costs in time span are electricity costs. So how much $ does it cost to obtain 1 BTC? Good question ha? So last couple of months we had a massive outflow of miners from China due to harsh regulations over there. Most of the miners are in the pools. Here is the the structure of the pools worldwide: Pool Blocks Share % BTC.com 1,172 25.02% AntPool 676 14.43% Slush 533 11.38% BTC.TOP 515 11.00% ViaBTC 509 10.87% unknown 335 7.15% DiscusFish / F2Pool 324 6.92% BTCC 177 3.78% Most of them operate in EU, US some of them in China. Please look at the link. www.blocktrail.com We have to now figure it out where most miners located are. We haven't found 100% reliable data but here is something helpful. Distribution of the nodes in the world. bitnodes.earn.com So here is looks on numbers: Country____Percentage/share__Cost/mining 1 BTC in USD USA________23,66____________4758 Germany____18,22____________14275 China_______9,83_____________3172 France______6,04_____________7930 Netherlands__4,53_____________9449 UK_________ 3,61____________ 8402 Canada_____3,57____________3965 Russia______3,34____________ 4675 Unknown___2,88____________6951 Singapore__2,14_____________5936 We can assume that diggers/miners/rigs are more or less same distributed as the nodes. When we calculate the weighted average (depending on the methodology as we did not take all the countries into account) we have minimum price when it is even profitable. We range from 5874$ to 7530$. When price significantly dips someone has to take action (Satoshi Nakamoto?) and buy BTC to get the level of the BTC price when digging will be profitable again. Satoshi Nakamoto takes care of that business to run smoothly as much as possible. Without adequete price there will be no network. Without network there will be no BTC. Without BTC many people/organisations (including Satoshi Nakamoto) will be totally broke. We had such dip on 5th February 2018 and 1st of April 2018 when price was around 6000$. It bounced back very quickly to the higher levels. HUGS! WBM Team
BITFINEX:BTCUSD
by WBM_Team
4