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April

Bear Pennant continuing to unfold as I expected; Double bottom?In my last Idea I drew some lines of what I predicted would turn into a rather large bear pennant...and so far it's following the Trendlines I layed out for it precisely. It somewhat amazes me how that can happen...But I have switched the dotted blue lines of the equilateral triangle to solid red and havw added the pole of the bear pennant too that ts now looking exactly like a bear pennant so with that I can give you a downward bullish breakdown price projection target of around $5600. That sounds pretty realistic of an outcome and the probability favors it...however there's a chance that before it has a chance to drop that far, that a potential double bottom could happen when it reached the $5,900-6,000 range which was where we had our low in February. If a double bottom occurs we'd be looking at some huge upward momentum of which I will make a seperateidea following this one focusing more on the double bottom and giving you a more zoomed out perspective on my chart. For now though the bear pennants projected range is $5600 unless its stopped first either by a double bottom around $6,000, or potentially just above that at the blue fibonacci 161% extension line at $6071.90. The body of the candle may close/open at the fib line with a wick dipping down to the double bottom zone and potentially a wick dipping as far down as $5600. Now that there wasn't enough bull volume to sustain the recent climb, The death cross will start to occure on many more exchanges once we close the current 1 day candle in 24 minutes from now. Once that happens, I predict we will be dropping in price most of April Fools day...but I see that death cross carnage as simply cryptos april fool's joke and something like a double bottom happening the very next day to trigger a huge upswing and jumpstart the bull market. I'm still optimistic that Q2 of this year can be a very bullish one that I will be long on, but for now I'm obviously short(temporarily)...you choose to do whatever you see fit though as once again this is in no way financial advice! Thanks for reading and best of luck!
BITFINEX:BTCUSDShort
by DrDovetail
Death Cross Confirmed. Yet so far bullish price action.We have seen a nice bullsih climb so far as the new 1 day candle despite the Death Cross also officially occuring has opened which could be one of 2 things....the anticipation of the Death Cross triggered so much selling leading up to it that by the time it actually got here the bears have been completely exhausted, or that bullish momentum is a bear trap. For now I'm going short, and trying to sell as high on the bull momentuma as I can...I personally believe the death cross will not be nearly as bad as some previous death crosses but my own little theory is we may see a horrible april fools drop only to shoot back up on april 2nd the very next day....I'm thinking a some sort of bearish doomsday crypto april fools scenario is likely, and then on April 2nd we see a huge bull surge which in turn creates a golden cross and kickstarts the market. This is just a theory, who knows whether or not it will pan out...I don't reccomend anyone take this theory as gospel but it would be rather amusing to me if it does pan out that way...so for now I remain temporarily short....we will see if it ends up biting me in the end. I still an ticipate we could drop as low as the low we had in february and create a massive double bottom that would springboard us back into a mega bull run but fornow that is completely hypothetical...and for now I remain shor on the short term...good luck out there.
BITFINEX:BTCUSDShort
by DrDovetail
The Bloodshed Is Probably Not OverHello everybody, welcome to my first ever public idea. Who knows, maybe there will be lots more in the future, or if I embarrass myself too bad right now today then maybe not! Anyways, I'm thinking that April could be bloody. And I'm feeling optimistic about May and June. This analysis is based off of Elliot Waves, seasonal patterns, and my personal optimism about the future of cryptocurrencies and Bitcoin in particular! Hold on to your britches folks. Things could get interesting!
Short
by OneKRicher
Bitcoin - Golden Cross/Death Cross/Every-CrossTook both the 50MA/200MA & 100MA/200MA within 1hr, 4hr & Day time-spans. Assigning valves to each 50MA/100MA/200MA. Extremes such as DAY and 50MA/200MA cross-over indicate longer term views decreasing likelihood although registering a more powerful indicator in place as the 1hr & 4hr fluctuate positive/negative multiply times within the DAY cross-over time-span. Golden Cross - Yellow dashed arrow. Death Cross - Red dashed arrow. Green Line - Positive view including corrections on drops , dependent on volume. Black Line - Negative view only correcting on bottom. Blue Line - Little or no price action. This isn't seen as future direction, I have other graphs published for that but shows how busy the current market is with TA ( I could include Flags, H & S....) BTC 0.85% -2.62% is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSDShort
by CerealTrader
4
EURUSD: Butterfly pattern setupReason to entry: -Butterfly Pattern -price consolidate around resistant indicate price don't want to any lower and have probability to breakout the resistant of flag pattern (failed flag) -161.8 completion at strong structure lvl -wait for RSI confirmation -wait for higher high and higher close candle to minimize the risk Entry: -127.2% Butterfly’s completion -161.8% Butterfly’s completion Exit: -38.2% retracement -61.8% retracement Void if: -Failed pattern -premature up move Remember that market always right! Manage your trade well!
Long
by WilliamSurya
NZDUSD: Bat and Butterfly Matched!Reason to entry: -Butterfly Pattern and bat pattern completion lineup each other -fib confluence -near oversold RSI Entry: -127.2% Butterfly’s completion -161.8% Butterfly’s completion / bat completion Exit: -38.2% retracement of butterfly -61.8% retracement of butterfly -38.2% retracement of bat Void if: -Failed pattern -if price goes lower to triangle support area, best place to re-entry Remember that market always right! Manage your trade well!
Long
by WilliamSurya
EURUSD: Butterfly inside Wedge Pattern SetupReason to entry: -Butterfly Pattern -1618 Butterfly's completion near wedge support trendline -strong structures at 1618 butterfly completion -RSI oversold and divergence -Harmonic move -Confluence (2) at 1618 completion -inverted flag pattern as the sign of momentum change. Entry: -1272 Butterfly completion -1618 Butterfly completion or.. -at wedge support Exit: -382 butterfly retracement -618 butterfly retracement -wedge resistant Void if: -failed pattern and price already breakout the wedge's support. -if price breakout the wedge's support, immediately reverse as continuation Remember that market always right! Manage your trade well!
Long
by WilliamSurya