The daily shows bad signs all around, the volume profile is looking for a breakout soon Trend is bearish A break below 6400 (local low) will confirm on daily
Bitcoin is consolidating and ready for a larger move, trend is bearish, trade the trend Watch for large volume candle to break the black line
Levels to watch and current situation: Watch for support near 9000, will pretty much decide the trend going forward Short time frame: Bitcoin is in a short, trading below cloud on hourly Longer time frame: Bitcoin is neutral, long term investors should wait for a higher % trade with more upside.
Ichimoku shows that the trend is bearish on 4hr chart Fractals on higher timeframe on the daily match with previous bubble cycles, there is still LOTS of downside possible, below 6000 is certainly a possibility To add on some things to go along with bearish case, since bitcoin is like a social network (more users, more activity = more growth) Google Trends:...
90% recovery in 12 days is ridiculous, bulls are really stretching bitcoin thin here, there will not be any support if a engulfing candle appears. Bitcoin is trading below the cloud on the daily, no reason to add or start a position on longer timeframe Just trying to put things into perspective, patience will be rewarded
Set conditional buy above 9000 Set conditional sell below 8000 Price is consolidating and breakout will appear with high volume.
RSI breaks support after 2 years Parabolic move officially is over and done for awhile. Bitcoin will settle down over the course of 1yr+ Marked is worst case scenario
Trend continuation, bear flag, short with 2.5:1 R/L Look at all that selling going on in the wicks, more reason to open now
More rising price on descending volume another short opportunity Anything close to cloud is great area to get in
Trend will be defined by high volume breakout which is imminent, go with the flow, keep in mind bitcoin is still bearish on 4hr Currently neutral
Watch for wicks around the kijun, 2:1 RR
Possible short setup, will do another 3:1 RR Watching for wicks into the cloud as signal
Descending volume, high volume will confirm trend continuation in either direction. Looks weak to me, After a full year pump bitcoin is looking to start off 2018 with a trend flip, BEARISH!!!
Bitcoin has had a record breaking year, but is close to coming to an end soon. Charted are all the instances of bitcoin going 100% over this year, I will post down here as well 750 -> 1500 took 111 days 1500 -> 3000 took 94 days 3000 -> 6000 took 76 days 6000 -> 12000 took 47 days 10000-> 20000 took 19 days 12000-> 24000 takes ?? days 20000-> ...
Watching for bearish divergence on BTCUSD Marked are levels to confirm or invalidate the move Now: Sell at own discretion at current price 4363 Near future: Buy 3950-4050, watch for bounce 4200 level This post is a follow up from last, where I marked level to sell at, I sold this portion of my stack at 4350. DO NOT SELL FULL STACK. This move should only be...
Quick Trade, bullish divergence Target: 67500 Stoploss: 59990 Buy 62000-63000+ R/R ratio: 2.74