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MDABTC has formed bullish BAT pattern | Upto 408% possibilityPriceline of Moeda Loyalty / Bitcoin Cryptocurrency has formed bullish BAT pattern. The A to B leg was retraced almost 0.50 Fibonacci and also gave a spike upto almost 0.618 so here the MDA had only two choices whether to form a bullish gartlay and make a D leg upto 0.786 fibonacci or to form bullish BAT pattern and form a D leg upto 0.886 Fibonacci. (I don't think so it will go for bullish butterfly the reasons I have below) In previous chart I was expecting a gartley therefore I published a gartley's chart but now the D leg is retraced upto 0.886 Fibonacci so now the bullish BAT pattern is confirmed insha Allah. Now the D leg is entered in potential reversal zone. RSI is entered in oversold zone. Volume profile is showing weak interest of traders here. MACD upto 2 week chart is turning bullish: Upto 2 week chart stochastic has given bull cross: Soon the MACD and Stochastic will be turned bullish on month chart. I am expecting that the next candle stick will be closed sideways within this potential reversal zone therefore if we want to enter in safe and sound then we can wait for next candle stick. I have used Fibonacci sequence to set the targets as below: Buy between: 0.00006993 to 0.00011085 Sell between: 0.00020861 to 0.00035528 Enjoy your profits and regards, Atif Akbar (moon333)
MLong
by moon333
Bitcoin: Fibonacci, Smmas, and rectangle bottomBefore you ask yourself if i just drew these fibonacci levels, the reply is no, they are dating from this chart below Same as in 2015: .786 is a natural level, it ended up the bear market, so there is definitely a possibility that the same natural move happens right now. It still could fall below and the weekly pink 200 Smma could stop Btc and a spring could form at this level. It could still fall below this pink 200 Smma and hit the 1888$ area where all this reactive bullish and parabolic structure started. I would say the odds are 50/50 The daily chart is still showing the 50Smma as resistive for now I would honnestly only rely on the rectangle and the 50 and 200 daily Smmas to see if the market is forming a bottom. For now it is too early to shout victory, but there is definitely a possibility that this is a market bottom. We need some more months to have a confirmation, only hindsight can confirm that. Stay safe if you are still in the space.
BITFINEX:BTCUSD
by Giovi6969
4
Bitcoin BTC 1 D Technical Analysis Market UpdateBitcoin never stops surprising us. $8400 is the real test an has been for a while. Remember we are still in a bear trend, so be on the look out for bull traps Some things to watch out for: - Bull channel forming/ bear flag - Testing $8400 and .382 Fib - If the triangle is still in tact, we will see $7350 - Bottom of cloud, watch for the break -Needs to break .236 Fib to see $9k again -- I see $8k before we break $9k again $DYOR and Happy Trading
COINBASE:BTCUSDLong
by elitealpha
BTC where do you see yourself in one Month?The black downward trendline that the current candle is touching is very important to us. 1) If we break this and BTC holds, we (COULD), be headed to a new ATH in less than a month. 2) If the black downward trendline continues to push BTC down, but that strong support zone box holds, we (COULD) be at the same price in 1 month. This would be great for ALT coins because the more stable BTC is the more ALT coins will increase. 3) If the black downward trendline continues to push BTC down, and that strong support zone box breaks, turning into resistance, we (COULD), see a huge drop and new recent low.
BITFINEX:BTCUSD
by Time2SayGoodbye
1