BitcoinAddict77

BitcoinAddict77 Updated 

Go short on a break of the bottom trend line (around $4,050) Target: $3,050 ($1,000 profit or 25%) Stop: $4,200 Good Luck!!!

BitcoinAddict77

Go long in the $4,000-$,4050 area Target: $4,725 Stop: $3,890 Good Luck!!!

BitcoinAddict77

If we make a new low on hourly chart in the next 2-3 hours and the RSI prints a higher level than the previous low we will have a bullish divergence. Trade buy and target area noted on chart. Good Luck!!!

BitcoinAddict77

I have been bearish on Bitcoin since December 16, 2017 when I made this post on Tradingview: That prediction turned out to be pretty accurate for the first phase of the bear market where was most of the gains were made. Since then I have been posting how we are not done yet and there is more pain to come. People don't really like bearish predictions and my...

BitcoinAddict77 Updated 

I really don't like trend lines as you either have to adjust them over time or abandon them all together. Horizontal support and resistance works way better and you can leave it on your chart for years and it will work the same next time price visit that area. I have adjusted the diagonal trend line a bit on this chart and added a horizontal channel. In my...

BitcoinAddict77

Finally the breakdown I expected happen. Here are some levels where you can start a short if you missed the first down leg. Good Luck!!!

BitcoinAddict77

ETHBTC hit resistance at my line perfectly. Short here for a pullback to the previous resistance line now turned support. Cover there and go long with a target of next horizontal resistance. You can also wait for the pullback to go long if you feel more bullish than me. Good Luck!!!

BitcoinAddict77

A quick negative RSI divergence trade on 4h chart. Good Luck!!!

BitcoinAddict77 Updated 

A few bullish patterns forming on TUBEBTC: Cup and Handle Break above horizontal resistance EMA cross over MACD cross over Also recent update from them that they are taking on other endeavours. Not only a YouTube killer, but also Patreon and anything related to monetizing without ads. Buy on a break above: 1425 Target: 2295 Stop: 1200 Good Luck!!!

BitcoinAddict77

The picture for most might have been confusing when BTC starts bouncing with conviction and a lot of people hope that the new bull market is starting. I wanted as much as the next guy, but it's so clear that we are still bearish and will continue to be until we have a violent move to the downside. On the 3 advances you see within the triangle we first broke over...

BitcoinAddict77

Notes added on the chart. The 3 day chart has a better pattern than the daily chart so I used it to display the current triangle that has formed over the last couple of months.

BitcoinAddict77

The current consolidation should end in the next day or two. Most likely scenario is a continuation to the downside and making new lows for the year. Target around $5,400

BitcoinAddict77

Bottom at 4,100 and then up to $9,970 After a break of $10,000 the new bull market will commence.

BitcoinAddict77

1. The Bullish scenario: 37,000 margin shorts on Bitfinex A break over $6,800 resistance will give us a quick jump to $7,500-$7,800 area 2. The Bearish scenario Volume profile support around $6,400-6,450 area If this support breaks we will see new lows for the downtrend. First level around $4,900, next level around $4,400 I am giving 60% to the Bearish case and...

BitcoinAddict77

Given no follow trough to the downside and a larger amount of margin shorts I think we are going to have an impulse higher before the next leg down. $6,800 is a big resistance, but a break over it will be required to REKT the shorts. After that I expect a similar down trend as the one from $8,500 down to $5,900.

BitcoinAddict77

Notes on the chart

BitcoinAddict77

We find ourselves in the middle of an important area on the 4 hour chart. A break of the blue trend line will gives us another leg up to the 100 EMA and my horizontal resistance of $6,771 A break of $6,300 where most of the volume has been (look at the volume profile on the right) will give us retest of the $6,000 area and possibly a firm break of it this time. A...

BitcoinAddict77

On a break of $6,100 support we should hit the $5,100-$5,200 area based on the rectangular sideways consolidation and the prior leg down.