(VIDEO) BITCOIN Is Showing A Bullish Set-upTraders, welcome back to our new video analysis!!
Its been more than a month now since I posted latest video, but simply I will not update every tick by tick and tried to call any new leg if I do not have a clear view or enough price data for next prediction. Remembers, market has to breath. However, we still posted a lot of chart updates and showed the right direction. Now the question is where we go from here. Well, we definitely cannot ignore the clear bullish pattern that can be setting up here; an 8-wave EW cycle that can cause a bounce from current 61.8% Fib. level.
Enjoy the video!
GH
p.s. Be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only. Please do your own research!
Bitcoin-btcusd
Watchlist Update 31 | Just BTC today, small bull moveHey everyone. The market's pretty quiet today. BTC had a nice pop of a few hundred dollars, other names recovered slightly. In this video I chat a bit about setting stops and entry points using the fractal system, with different time frames and the RSI in mind. BTC isn't out of the woods yet, it's not looking bullish enough for me to make a trade at these levels. If you've held through the dip, congrats!
These videos are going to be tight this month as I power through some things out of the office.
Roti out.
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This is for educational purposes only and is not intended as financial advice.
Bitcoin #BTCUSD - correction about to complete?Let's take a look at the Bitcoin technical picture at the H4 time frame. The market is about hit the projected target zone for the wave (c) of the wave (2) and now it should bounce form it in order to test the local technical resistance at the level of $9,434. The market conditions are now oversold, so it should help to bounce in the short-term. Nevertheless, if the zone between the levels of $8,184- $7,703 is broken, then the next technical support is seen at the level of $7,464.
Green scenario - wave 3 to the upside progression.
Red scenario - decline to the swing low development.
Watchlist Update 26 | BTC, LTC, NEO | Double Bottom breakoutHi everyone, here’s another late overview of what I’m looking at on the charts. Person the exhaustion, I’m still getting used to these night shifts.
BTC-USD Coinbase | BTC continues to find equilibrium and is finding trouble breaking above 9700, but if the RSI cools off on most timeframes then we can see a climb to around 10100 where I expect a new equilibrium pattern to form, then it may push above that and find less resistance upward to 10450 (as per my fractal-Ichimoku system, whatever you may call it).
LTC-USD Coinbase | LTC is still correlating with BTC, it did not see a double top like BTC but rather a larger higher low and lower high, a healthy equilibrium setup for the bulls. For context I’ve added a photo of the 15minute, where you can see how it’s attempted to break above the ascending triangle. In the video I grappled with whether I’m neutral at this point. I’d say watch for a bull break of the triangle, then of the fractal at 193, and finally the uppermost fractal behind that at 194.55 or you can use the previous bear flag behind that which coincides with a flat kumo top. The latter will be the beginning of relatively strong resistance, so you may even want to consider choosing that as an area for moving your stop loss if price breaks above it.
NEO-USDT Bittrex | I noticed NEO was ahead of many of the other names in that it has broken a recent bull fractal, though it has been overbought for a while on many timeframes. A break above the neckline of the double bottom on the 4h would be a stronger bull signal in my opinion
That’s all for tonight. Be sure to check out my status update for other ways to follow me on social media or find the link to the Cryptide Discord. You guys have a great week ahead. Roti out.
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This is for educational purposes only and is not intended as financial advice.
Watchlist Update 25 (Vid) | BTC, LTC, XMR (Bounce coming?)I'll keep it short, as I've already written up everything in a previous idea. Since writing the other idea, BTC has nearly reached the expected support area and LTC has continued to form a bull flag in equilibrium, but it's looking weaker, like a symmetrical triangle. If you were in the Discord channel, you would have caught where I mentioned we've already completed the edge-to-edge cloud break for now, until it proves otherwise. You'll have multiple bull signals going forward. The first will be on a break of the triangle. The second would be a break of the flag if you're bullish. I threw in Monero as I noticed it was down more than 10% on the day. It looks like it still has room to go flat for a bit and continue down, I don't see enough signs for a reliable bounce trade but you can try it, but keep your stops tight.
That's all for today. Roti out.
Heffæ's Clouds, spotting an invalidated path.My last video comparing the 2013-2014 Daily cloud to the current 3Day cloud showed a potential run up to the 13.6 range if the path stayed valid.
It did not! Here is my current analysis and why I am sticking to the current Daily, as well as much shorter timeframe clouds for signals.
Watchlist Update 21 | Only BTC, some commentaryHey guys, this video is only focusing on BTC, as I am not trading any alts at the moment. We had a bit of a pullback but the reverse head and shoulders is not invalidated yet. Placing your stops at the neckline would have been a good move if you were trading that pattern. I mainly walk you through my thoughts concerning BTC in this video, and I’m cut off at the end because I wasn’t watching the time limit. This is becoming an issue and I intend to use a different medium for video in the future…stay tuned ;)
I noticed we had an oversold bounce last night, but it was difficult to play and in the video I found that any good stops would best be tight, preferably no lower than the most recent swing low. We’re already in the midst of the breakdown of the ascending wedge pattern, and you can always re-enter if (a) the price reached heavily oversold levels again (and it did) or (b) The price broke key resistance and began to play out the reverse head and shoulders pattern again. If possible, it’s usually good to sell a bounce play if the price quickly enters overbought territory. However, in current market conditions these shorter term trades can be tricky and maybe not worth it for most people. I see this overall as a buy-the-dip scenario, with the best stop being at the most recent lower swing low of 10880.
There was also a bit of a double top around 11640, so I expect further consolidation before we return to that level to retest.
That's all for this update. All the best!
BTC/USD Bitcoin To Resistance - What Can/Will Happen (VIDEO)Hello Trading Maniacs
Bitcoin is approaching the resistance line from the previous downtrend channel - Now, what to do? This video explains what will happen when we touch this line. The people who are still waiting for BTC to fall to 4000 soon, are the ones waiting for the Rolling Stones to make a comeback. Somethings just don't happen in the near future. (It can happen for BTC, just not yet cutiepie)
$11300 is a level we should watch closely. Most likely whe will start a correction to 8500 or even 7000 is possible. I explain in the video why.
Remember:
Bull Market means buyers market - means prices rise - means greed (Trading in crypto's just started, new market, high volatility)
Bear Market means sellers market - means price decline - means fear (Same rules as above)
We are absolutely in a Bull Market, Crypto is HOT, the future, Bitcoin is smoking , no loss of interest and ...) So dont, please dont look at it as stocks, bonds, forex or indices. Fundamentals mean nothing, really..
Disclaimer
I could be wrong, but... Yeah, I dont think so. Even though, The author, el Magico Tomasso, also known as the Magician, forever remembered in the whole world under alias WhatsThatCrypTom, shorter CrypTom, initials CT is not responsible for any trading losses you may endure. Its your F. money. All very interesting information and chart analyses from CT are for entertainment purposes only.
Watchlist update 01 | DGB, BTC, SUB (Expecting pullbacks)Hey guys, this is a quick overview of a few of my watchlist items. Keeping to the Tradingview 10 minute limit until I get something on Youtube sorted out, I decided to start doing updates on what I'm looking at in the markets. I'll try to quickly work up toward publishing one of these daily with regular updates of all of my main ideas as well as updates on future projects if they arise.
This update quickly skims over SUB and BTC with a shoutout to the fella who recommended that I begin doing some T.A. on the USD pairs against the BTC pairs for comparison. The differences are quite telling and so he has a point, I completely agree!
Here are some cool articles to chew on for today regarding the state of the market.
Here's the link to that awesome Substratum (SUB) review mentioned in the previous idea:
youtu.be
A link to Clif High's website:
www.halfpasthuman.com
Digibyte: www.digibyte.co
Substratum: substratum.net
By the way, apologies for the microphone blowing...I'll take the mic out of my mouth next time :D
Watchlist Update 02 | BTC, XZC, ETC | correlations, wedgesHello and good morning, everyone. I'm doing a quick update of my watchlist before heading out for most of the day. Traditional markets are bouncing after making a second lower low on the 4H, based on the S&P500. I see inverse correlation with this bounce and Bitcoin's downtrend out of the rising wedge spotted a day before. Moving averages are providing some support and resistance zones to look after.
ETC is one of the more defiant movers today in cryptoland, if you're only looking at the trees and not the forest. I think it still has room for downside as it is still respecting the corrective Elliott wave pattern that I drew some days back.
Zcoin (XZC) also looks ready for a bit of a downturn. The rising wedge is still climbing, but we are reaching the top of the symmetrical triangle now and the 50% Fib area will possibly be a significant resistance as well. More analysis would be needed to make a more clear-cut entry or exit decision.
All the best and enjoy your weekend!
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Disclaimer: This is for educational purposes only, this is not financial advice. All ideas are my own.