Hey guys - After what seems like an eternity trading sideways (with a few minor swings up and down), at last, we think there may some news, good news if you're a trader too! Possibly not so good if you're Hodling! Looks like BTC may be heading down in the near future. We've been following a strong line of support all the way up from the lows at $4000 back in...
My vision The next months decline in around 7-8.2K (resistance + BITSTAMP:BTCUSD fib) then the possibility of growth for new ATH
Obvious downward trend that will dump... Pick your levels...
I am fairly confident that the next 2 months we will see a decrease in bitcoin price. People will be panic selling and strength of bitcoin will get lower. I could see us getting down to the 7k range, I have a purple rectangle where I am assuming price will be going. The reason I feel this way is because of the indecision candle we just made on the monthly, and the...
BTC seems to be pretty unpredictable right now but really likes the 7k... This is an idea of 1 more month tanking, entering and leaving the month AUG at 7k, to make a real GREEN MONTH in SEP. The White vs Yellow is my ideas
Hello everyone! So here, we are ... BTC, tried to get to 8100 on an IHS (see chart). Stalled just over 7.7k territory. Now what? A few days ago, I posted an idea about a back test of the 7k bottom ... I also didn't like the fact that we didn't quite hit the rising 6 month trend line (now almost 9 months long!), which was sitting at 6.9k. So, I do think we are...
From 10k, we are in wave C of an ABC correction (see purple line) ... heading to the lower line of the triangle .... completing cycle WAVE E (red line). The ABC correction is comprised of a 5-3-5 sub wave system. Renko diagrams support that we have completed wave A and B of the ABC taking us to the bottom of the triangle (see my previous idea). It's possible...
H1 builds a falling triangle with the range to 6990 dollar, where we can find support.
Hello guys. So here's an update on my idea ... some polishing up done, with the new data, but the concept still remains the same. For those looking for a summary only. - we are likely forming wave E of a triangle pattern (see red wave) - we are likely in an impulse wave, where wave 3 ends and wave 4 starts (see purple wave). - the purple line is my highest...
Well folks, that last drop into the 75xx area, pretty much confirms we are heading to the bottom of the triangle. I took a long at the 0.618 fib as it was possible the correction was over ... but not without a stop, and those triggered just now. I still have some alts (EOS) that have found support ... but I'm not sure those will hold. Stops ... set them, and I...
I haven't had a lot of predictions/technical analysis done but in the ones I have done, I've been calling this since Feb. Not claiming to be a pro but glad that my initial analysis is right. Strong support at 8k but if that breaks through, then we will hit support at 6.8k. That should create a double bottom and we should see a bounce back from there. That should...
There is 50% chance to go lower than my prediction number (7050-7250) so its high risk prediction. but im 100% sure that 7K is important number! BTC can rebounce OR go straight to the hell(6.5-5.6-5-4.4)!!! ps: dont forget the alts . some of them are already in dip.
Bullish flagpattern formation has resulted in a breakout for BTC - now past that resistance level of 6600-6700 and expected to hit well beyond 7k. How high is anyones guess....but i would speculate that 7300+ is feasible and likely. Thought it was gonna happen yesterday, but this delayed breakout means an extended impulse wave is of higher probability.
Lately Bitcoin is really confusing ,at least to me , as I am so eager to short it. But may be I was wrong, or right but with the wrong timing .The 4h charts presents an ascending pennant pattern that follows the trend line since 15th of September(refer the fork). I believe that now we have reached the bottom of the fork and we are facing 2 options as always up and...
If Bitcoin carries on its recent orm then expect 7000 to be breached before the fork on 25th October. I am expecting a sell off after the fork and this money should be put back into the alt coins to make another profit opportunity in the Alt coin markets as they have taken a beating over the last few days. Ultimately its my long term opinion that BTC will be...