I got plenty of short term trades nailed now I let my imagination and heres my toughs wut will happen in the next 2-3 months 1. in short term, in the couple of next days BTC will push hard towards 30k (probably beyond 30k my guess is 33-36k) 2. Anywhere between 2 and 15th of january will pull back HARD and suddenly, probably at least 30% or MORE ... 3.Everyone is...
Historicaly Chainlink always retraced (retested) to the prior breakout point wich is roughly low 4s . In addition, if we study the weekly chart ,link always found bottom in the red box on RSI while price went under the yellow 21 weekly EMA . The retrace under the EMA was historically anywhere between 20 to (!) 66%!! Currently price is resting on the red box on RSI...
a 4.4 ,4.2 and a 3.5% wick to the downside on the 3h makes us extremly bullish .On the daily, 10ema retest had very good response . As Link is trading again in our lower chanel we are expect some medium resitance at 9.88 . The big one is our higher green line around 10.02-10.04usd/link (binance chart) ....Once that breaks TP levels are 11 and 11.4usd/link. LONG.
We are looking for bullish entry (long) at the next pullback (IF) A pullback to 10950-11205 should be a buy opportunity as horizontal supports and key moving avereges on bigger time frames are traveling at that levels . Target1 :11420 Target2 :11700-11800 Target3:12000+ Invalidation and SL should be placed @ 10789 or lower@ 10450 We are not enetering "limit...
A pullback to 11070-11090 should be really nice scalp long oppurtinity as horizontal support and 10&20 ema is traveling at that level . 11200 was tested 3 or 4 times and its expected to break ! Stop loss 11070 -1.2% .
This is a bullish pattern with a high rate of failure . Expect aggresive move to the upside and even more agressive one to the downside .Short term trade .Take your 1-2-3% gains and get out .
well well well wut do we got here ? if we look at the non log chart then we found support at long term trend line ....also most of the miners are in trouble ///also everyone is bearish ATM,fyunding rate at historical lows ...we might have more upside then downside IF you do ask me ...doesnt mean it can go lower (i have limit buy at 2.2k) but we might have some...
Altough bitcoin is hitting key long term support, i do expect a pullback to sub 7600 and basicly playing out a bullish divergengence on the daily RSI . The last two times that happened(yellow arrows) ,bitcoin rallied . Therese no such thing right now so i expect a very weak rally at first pass followed by a sharp selloff (price going sub trend line) .Higher low on...
I think price could emulate last bear market price action ,but on larger scale .(yellow arrows) If that will happen then price should enter into a consolidation a bounce range between 8k and 12k ....with the halvening aproaching i would change my bearish bias into a bullish one .Everyone should enter into the "buy the dip" mode....retracements will be shallow and...
30-40% retracemants are off the table.We are trading under the 200 daily MA .Bull market failed!Now what? We are looking some bearish targets : the WEEKLY 30 RSI and the 200 weekly MA ! Both tremendous indicators for some kind of bear market bottom .Altough price might wick under these targets ,price NEVER EVER in the history of bitcoin stayed under for...
These are interesting times .Market definetley set up for a short squezee!But first,I think theres a possibility to mirror prior price action (see the blue boxes) and price should enter in a choppy, side-downtren for the next 2-3weeks ...notice price action in the blue boxes, both times price has fallen BELLOW SUPPORT just to come back in big way.(fake out)On the...
Sell the 55 weekly EMA (today roughly 8k) ...buy the 200 weekly MA wich is traditionally long term support . (today roughly at 5k but might wick under) I myself have a limit buy at exactly 4.45k /bitcoin ! My other DCA buy at 6500 was just filled the other days . If 200 weekly wont hold and start to close weekly candles under 200weekly MA then probably 3.1k (last...
Hey ! Ive been zooming out on weekly, did some trendlines on weekly candle closes . Also we had a blow off top at 20k and one lower high at 14k ...support seems to be at around 3k ever ! 3k acted as support even in the 2017 bull market pull back . Now with that said ,it seems that bitcoin is forming a bigger triangle ..bitcoin just looooves tringles isnt it ?
Im using extreme simple horizontal trend lines ....the 2 red ones are representing critical candle closes on the weekly basis (very strong) .The two yellow is where we got suppport and resitance on daily basis(candles) after that monster -25% candle back in June ... -As long as the price is betwen lower Red(9470) line and lower yellow : price shows weaknes...
These are monthly heiken ashi candles ...take a look at these bad boys past bear markets ... when in doubt remember :bitcoin is designed to go up ,not down !
This is it ! If we compare to the 2014-15 bear market ,we should be here ! At some point we should correct ,not more then 20-30% .Not FA of course
With Bitcoin respecting the triangle lines ,dying volume and lower lows on each timeframe ,I do expect that bitcoin will breakdown 3100 sometime around 20feb -20th march 2019 ...each (dead cat)bounce above 3500 is a short opurtinity .I firmly belive bottom is not in . Targets 2600-2800 ,1800-2200, 1300-1500 ...or.....lower .