BCH/USD: Keep an eye out for Breakout. + Signals forming. Bullish Divergence and reversal Ascending Triangle forming on the RSI.
BCH has been on a downtrend since it's addition to coinbase/gdax.
It'll all depend on how BTC acts around these levels of $8500-8900.
Buy on a confirmed breakout for a quick 10% profit.
Bitcoin-usd
An excellent opportunity to buy in BTCUSD. Don't miss it.Trading suggestion:
.We have already opened Buy trades, trade setup is drawn on the chart and shows entry and targets.
.If the Midterm level 6000.00 is broken, we will close these trades.
Midterm forecast:
.While the price is above the support 6000.00, resumption of uptrend is expected.
.We make sure when the resistance at 11600.00 breaks.
.If the support at 6000.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.
.We will close our open trades, if the Midterm level 6000.00 is broken.
Technical analysis:
.Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
.Relative strength index (RSI) is 40.
Take Profits:
TP1= @ 9180.05
TP2= @ 10688.25
TP3= @ 11600.00
TP4= @ 12670.65
TP5= @ 15308.00
TP6= @ 17095.65
TP7= @ 19704.20
TP8= Free
BTC/USD Late March early April BOLD PREDICTION!If i'm reading the last DATA and whats happening now correctly! I believe we will see an upward trend in the next couple of weeks and break the last resistance it has set itself. This is just my BOLD PREDICTION and please feel free to comment your predictions own below.
if you like what you see, please smash the like button and give me a follow. Have a great day, ladies and gents.
BTC/USD Correction/Bear ScenarioThis is how i feel about Bitcoin:
We are currently in an ABC correction of the previous 5 wave structure.
We have confirmed the bearish count as we
have a clear B wave
Currently on C wave (looking for our 5 subwaves)
Using fib extension from AB and subwaves,
my prediction for C wave is roughly $6200-$6500
My prediction of C wave (SW 5) also has confluence:
1) An extension of 100% from Waves A+B for C
2) An extension of 261% from Subwaves 1+2 for 5
C SUBWAVES:
W3 looking to bounce around the 161% level
W4 looking to hit around the 38-50% range
W5 looking to hit roughly the 261% level
BTCUSDThe price of Bitcoin seems to have trouble continuing to rise above the broken resistance.
This signals that sellers are still very strong and can push the price down to lower levels.
Technical indicators are also reflecting a slowdown in optimistic pressure.
The moving average of 100 periods is above the moving average of 200 periods, indicating that the path of least resistance is to the opposite side. However, the difference between the moving averages is decreasing, weakening the optimistic moment and showing a potential for a crossing of the means.
These moving averages are also close to the area of interest at around $ 10,000, increasing their strength as resistance.
The price of Bitcoin may fall to the next Fibonacci extension or the 50% extension at $ 8,176.8. The extension of 61.8% is US $ 7,775, so the extension of 76.4% is US $ 7,278. The total extension is US $ 6,474.
BITCOIN (BTC) Trendlines - Price AnalysisThe current BTC price is stable after the significant fall yesterday. If you saw my previous chart, that move was predicted. The market moves sideways at the moment and formed the wedge pattern. There are two key trendlines that act as dynamic support and resistance levels. I will await the market to breakout one of the trendlines and if it will be the valid breakout, I will place the order accordingly.
BTC/USD -> POTENTIAL BUYING ZONENote that on a candlestick chart the price has already touched the $5857 level but I still expect BTC to come down one more time to retest it and give a bottoming formation which will most likely trigger the upside move.
My personal details:
Long @ Entry: $4632-$5857, SL: $3210, TP: $10000
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
My Future PredictionThis is what I am looking for short term. An other view doesn't make sense for me right now.
But I will only enter in a clear up-trend, because of the low volume and risky situation. Also I am watching for divergence in the daily chart. If there isn't one, then it would mean we will go down very far.
But let's see. I wait for clear signs and it will be exciting if support holds.
Good luck.
BTC - Next stop 3k!Bitcoin seems to be in its final and fifth wave down. Since this is no longer a correction, but a bearish
downwards momentum, the fifth wave of the Elliott wave principle in combination with fibonacci, dictate that the bitcoin price could
go as low as 3k.
-At this point, the RSI is oversold, a retracement will happen in the upcoming days (also based on MACD).
-Market will continue its decline towards its previous low of approximately 6.2k USD.
-Price will bounce from this level and again retrace.
-Final leg down will end between 3k and 4.5k USD.
Disclaimer: This is of course over a very long term and will probably not happen exactly like this. I do believe
BTC will head towards 3k-4.5k levels but how long it will take and where exactly retracements occur is very uncertain.
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link to tweet: twitter.com
i personally sold most of my SALT in January but have started rebuying more recently
A Golden Cross has formed on the daily usd chart recently giving a good signal for more bullish signs to come
RSI is oversold on btc pair and looking to rise up also
check out the supply zone and if wanting a good price wait for thosw important dips to get the best price you can!!
projected targets for SALT this year is $35 USD, which is about a 8x increase
keep an eye on the website for when they will allow more sign ups