BTCUSD FINAL LONG The final test of the $7500 area, before we plummet for Christmas :)
Could BTC go to 100k$ in 2018???
So far, 90% of you have followed the other 90% who also fail. You've all been short bitcoin since 5400, 6500, now wanna short at 7500. Learn the market cycle before you take a position. Short Bitcoin, go ahead and sell your belongings because you're gonna need the extra funds for food and basic essentials. Don't be a 90/90/90 statistic trader. 90% Of...
The price reached the price of the ascending price channel . This zone could stop and reverse the market and we saw downward movement from 6500.00 to 5800.00 level. If the price breaks the resistance level , it will be a new buy signal, we should expect upward movement to the zone between 6800.00 support level .
Bitcoin made a correction but recovered fast. If it breaks above this resistance line I expect a new move upwards. Targets: 5940$ and $6190. Stoploss: 5500$
The price is close to the critical point 5400, the breakdown of which will lead to the refinement of the markup. The bitcoin market is in the supposed wave 2 (black), in the composition of the intermediate upward momentum to 6800-7000. As well as yesterday we expect the market to grow to the goals. We do not exclude that our assumption, regarding wave 4 (violet),...
It seems that wave 4 (violet) has ended and at the moment a new impulse movement towards growth is beginning to gain momentum. Yesterday, the level of 5420 did not finish the price and we, afterwards, entered 5500 after a small impulse and local consolidation. Those who want to buy "pennies" can now enter with Stop Loss at 5400.
The picture from the last day has not changed. Everything goes according to our plan. At the time of writing, the formation of the C wave (black) in wave 4 (violet) went. We expect the market to decline to 5420. At this point, you can make a purchase with a short Stop Loss.
We all know that bitcoin is the hottest market right now and today it gave the signal that the bullish trend is activ and very strong... just broke the 100% fibb zone and the trend might go and touch the 200% now where the price shows 7000$ !
1-2% Risk on Spot, 5-8% Reward
It seems that we have just completed a Wave B Triangle and also broken above the b-d Trendline. If this interpretation is correct then we can see next Wave C up till 4380-4700 levels. Also if this pattern is incorrect then we can exit the longs below 3620 which is also the low of Wave e of the Triangle. Overall this setup is offering a great Risk to Reward...
The idea is based on price move average , technical and fundamental indicators. After the big drop we saw the Bitcoin falling to the 3000$ level most serious support level. Looking at lower timeframes, first target is to crack down the blue trendline that indicates the down trend. We might see some more downside before we crack that resistance. Important is that...
It looks like we have just completed a double ZZ in bitcoin which seems to be reversing exactly from the lower boundary line of the previously defined support region, we are seeing a bounce from this level and this bounce should have atleast 3 legs in it even if it's a correction. Minimum targets for Wave 3/c are 4380 and 4560 .
Validated confluences 1.Monthly,Weekly,Daily uptrend 2.Daily Support valid Resistance Broken 3.Trend Trading 4.Profit margin 1:5 5.Daily Trend-line still validated 6.Breached lower (Bollinger-Band) which indicated strong area of support 7. The revised level is Lower on the curve increasing probability 8.Opposing zone breached (Strong Validation)