Chart is self-explanatory. ~Leave a like if this helped you in any way~
Strong uptrend on Bitcoin and it will probably not dip below 10k as it is a psychological support level. When hit 11.4k, we will know whether bitcoin is going to moon or not. Highly doubt this is a bull trap as there is so much good news and if you doubt it, ask yourself, would you buy bitcoin at 6000, 4000, or 2000? ~Leave a like if this helped you in any way~
Right now, Bitcoin is at a support level and can go either way depending on the news. My best guess would probably be short as there seems to be no end to the FUD. ~Leave a like if this helped you in any way~
-MACD crossed yesterday on the weekly, indicating strong signs of a continuation of the bear market. -Stoch RSI about to indicate buy but could just as easily not cross and continue down. -RSI can move either way At this point, Bitcoin can move either way. My best guess would be the continuation of the bear market as the MACD has more significance than the...
~BTCUSD~ Reasoning: - CME Futures to expire on the 26th of January - this will lead to a rise in the days before the 26th due to manipulation to fulfil the long trades This also happened with the CBOE Futures market which closed at the lowest point of the crash on the 18th. -Elliot Wave Correction -Clear Downtrend Conclusion - Short: Short when the price reaches...
~Latest News~ -South Korea taxes exchanges by 24.4% / Year Reasoning: Ripple is nearning the end of an elliot wave bear market but another crash is incoming from CME futures expiring on the 26th indicating that XRP could potentially drop Ripple down to 50 cents in a worst case scenario. This is due to the manipulation of Bitcoin so that the people who hedged...
Reasoning: ABC correction is over and it is currently holding at a strong support level. This will break when the CME Futures expire on bitcoin, causing the entire market to collapse. After the crash, the entire market will likely enter a bull market in the shape of an elliot wave as new futures are placed at long positions. Conclusion - Short and buy the dip....
Reasoning: - CME Bitcoin Futures to expire on the 26th of January - this will lead to a rise in the days before the 26th so that the manipulators can squeeze the most out of this bear run and sell as high up as possible and the begin the massive crash to fulfil their short contracts. After that expect to see a bull market as Bitcoin has bottomed out and will be...
Reasoning: Another crash incoming from CME futures this time on the 26th. This is due to the futures contracts expiring. There will be massive manipulation on the price of Bitcoin so that the people who hedged against it get more paid out. This will cause the entire crypto market to collapse again as every altcoin is pegged against Bitcoin. Conclusion -...
Reasoning: Tron is showing early signs of an Elliot wave bull run but another crash is incoming from CME futures expiring on the 26th. This is due to the manipulation of Bitcoin so that the people who hedged against bitcoin get more paid out at the time that the contracts expire. Conclusion - Long: Hold out until the 25th and sell or if you want to maximize gains...
Bitcoin is not looking good, with that said it would also bring down the valuation of Altcoins in the process: - Broken out of its support - Increasing amounts of bad press - Price Manipulation by Wall Street - Fear, Uncertanty and Doubt. - MACD about to cross Please leave Constructive Criticism in the comments as i am fairly new to TA
I see two possible scenarios here: 1. Bitcoin decides to drop even more down to 6k due to - Increasing amounts of bad press - Price Manipulation - Fear, Uncertanty and Doubt. - MACD about to cross 2. Bitcoin decides to rally up to major support at 14k and break through to new highs due to - Good news for it / Large announcement - Renewed market...
Here is what I am basing my analysis on: -MACD about to cross on BTCUSD -Fibonacci Retracement -Elliot wave Constructive Criticism Welcome as I am fairly new to TA.
MACD about to cross on BTCUSD