Get started

1200

Bitcoin to Retest Support Before Topping Around 76K This CycleBitcoin to Retest Support Between 66,000-65,800 Before it’s last 5 impulse waves upwards. Topping around 72,000-78,000 This Cycle, with 74,500-76,500 being the most likely top target. This will usher in an altseason into at least a 0.702 retrace, leading into another bear market for crypto. Bitcoin will then confirm prior support at liquid zones including 10,000, 3500, & 1200. 10,000 retest for support confirmation extremely likely. 1200 hard to believe but very possible. Analysis and Prediction based on multiple fibs, Elliot wave counts, harmonic patterns etc.
BITSTAMP:BTCUSD
by kodyg4
7
Will Bitcoin go as low as $800 - $1200?Hello all, it's been a while without updates because nothing interesting has happened with the Bitcoin market lately. Been holding my short for four days now from 3408. We are currently at 5 of 13 from this TD countdown setup. Lets get my 2800 target rolling soon and 1.2k for full despair. Open interest is very low on Bitmex with short positions dominating over longs. Meanwhile Bitfinex is accumulating margin longs which will likely be liquidated on the upcoming dump Hourly has a bullish divergence forming, so we could see a bounce to retest the broken level at 3200. We should get a bounce here after completing wave 5 of this recent swing. After this bounce, we should get another ~350 point drop from this current bounce (which is wave 4 in this picture), targeting down to 2782-2860 minimum followed by a larger bounce to run stops at 3k+ (which should get sold down quickly in my opinion). I have alarms set at 2950, so I can cover and reshort higher on the panic sell down when 3k level breaks. I am targeting as low as 2782 for this cover because I am expecting around a 400-500 point bounce once we get this panic drop. I may be looking to long this as well if we take out stops at 2500 (low fill orders only). This is all I will be looking out for as of now. The current volume and volatility is not enough to make my 1minute chart swings. I do not plan on accumulating long-term long positions until we hit the $800 - $1200 area (if we look at weekly chart, it's kind of inevitable that we will reach 1200 given that the current daily wave that we are on is still wave 3. This target is supported by the volume gaps as well). Have fun trading traders :)
COINBASE:BTCUSD
by Cryptogrithm
Gold short to retest 1,200 supportThe fundamental story at the moment is bullish gold with all the uncertainty around (Brexit etc). However with stimulus on the horizon and indicies rallying (plus the Hargreaves Lansdown Investor Confidence index at 4yr low! Very contrarian.) I can see money moving to riskier equities. On the monthly chart I've spotted a first test of a prior support trendline which has been in place since the 2000s. Price has just bounced off the previous resistance level of 1,400 which is also the 38.2% fib retracement from the previous move down. THe current level also coincides with a trendline down not previously tested since 2013. I can see a gold short going down to retest 1,200 support level.
FX:XAUUSDShort
by murchuza