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Cup & Handle on the Bitcoin Daily TF?Looks to me like a Cup & Handle formation is building up. It started shortly after the famous "President Xi Pump" in Oct 2019 and the handle looks like it's about to go to the upside, if it plays out by the book. Of course, bitcoin loves to surprise, and also to not do exactly what a lot of people tend to think. Whichever way it goes, it seems like we'll know within the next few days or so. This is just my brain dump for future analysis. Hat/Tip to Sunny Decree on crypto YouTube who also pointed this out today. WDUT?
BITSTAMP:BTCUSDLong
by SunnyTrades
3
Hello Again!Well I am now very bullish on the May event everyone is talking about (the halvin), the downward momentum was not strong at all we didnt even come to breaking the support line we have made previous but what about that trend which would be key support if we break this one at this point, I am very bullish on BTC, the stock markets going down, oil price hitting low once we break this line coming all the way from 20k ATH the real fomo will hit first the people who were short will go long and then we will see a lot of people from other markets coming in, oh yes this time we are fgoing super bullish, some indicators are also showing bullish but we all know indicators are good to trade in stable BTC market if we are talking about BTC bullish/bearish markets the indicators dont mean a thing :D I would say it will take the market to go from overbought to oversold for breaking this line and after that people will short because who the hell longs oversold daily chart right ?))) but that when the halving will kick in and that when BTC will be fly and the only profitable thing out there, I think we can even break the 20k ATH before the end of the year somewhere in summer, and end of the year a lot more money will come in and 2021 is the new peak. so just buy it now at 8-9k as maybe soon you will never see these prices again :) So I am for the green and the green line, the other breaking more down before bursting is still good scenario but I think not this time, comment below what scenario do you believe in and your ideas on the market and lets have a chat :) Be a turtle my friend © Farhad Jafarov
BITSTAMP:BTCUSDLong
by farhadjafarov7
BTC/BITCOIN - IT'S CORRECTION TIME!Well, the BTC correction has been triggered. Just another good opportunity to fill our bags. Everything I can see right now you can find on the chart. This would be most probably the zone of interest, where many buyers will be looking for their longs. They are just taking their time for sure. I expect that one more testing we gonna see at least. Showed uptrend line must hold if we wanna go up. Even though there is still the possibility of the combo correction XYZ or the bigger ABC movement. If you hesitate to open long. PROS: Uptrend line. Fibo 0,78% retracement of the last swing. Supports area. What we can see on the 4H indicators ? As follows : Momentum in red - keep looking for turning into green. RSI oversold - looks good for long. MACD 2 bars of positive momentum.
BITFINEX:BTCUSD
by tommyelltom
MDABTC formed bullish BAT | Upto 63% expectedMoeda Loyalty Points ( MDA ) with Bitcoin pair has formed bullish BAT pattern and entered in potential reversal zone. Lets have a look on the move of price action to see how perfect this pattern is driven: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move. Buying And Sell Targets: The buying and sell targets according to harmonic gartley pattern should be: Buy between: 0.00007698 to 0.00007052 sats Sell between: 0.00009244 to 0.00011549 sats Stop Loss: The potential reversal zone area which is up to 0.00007052 sats can be used as stop loss in case of complete candle sticks closes below this level. I will be keep posting more trading ideas.
MLong
by moon333
ARKBTC formed bullish Gartley | Upto 44% expectedOn 19th of Dec 2019 I posted this article where the price action of Ark with bitcoin was forming a bullish Shark pattern and soon it was expected to enter in potential reversal zone to take bullish move from this PRZ area. Then on Jan 7 the price action entered in potential reversal zone and completed the Shark pattern and took powerful bullish divergence and produced more than 105% big bullish wave. Another Bullish Harmonic Pattern Is Formed: Now on short term 4 hour chart the price action of Ark has retraced between 0.618 to 0.786 Fibonacci and then completed another harmonic Gartley pattern. The complete Movement Of The Pricline Is As Follow As Per Gartley Pattern: After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for Gartley pattern and now the price action is moving in potential reversal zone of this Gartley pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg. An Alligator’s Mouth Has Been Completely Opened: The simple moving averages with time period of 25, 50 , 100 and 200 has completely formed an opened alligator’s mouth and turned strong bullish and if we closely watch then we have strong support of 50 simple moving average just beneath the potential reversal zone of Gartley pattern which is very strong bullish signal because here we have 2 supports now one is the support of potential reversal zone at : 0.00002353 sats and other is 50 SMA now there are strong chances of bullish reversal from these supports. The Buying And Sell Targets: The buying and sell targets according to harmonic gartley pattern should be: Buy between: 0.00002637 to 0.00002353 sats Sell between: 0.00002863 to 0.00003401 sats Stop Loss: The potential reversal zone area which is up to 0.00002353 sats can be used as stop loss in case of complete candle sticks closes below this level. I will be keep posting more potential trading ideas for educational purpose on different assets as soon as will receive any trading signals.
ALong
by moon333
DATABTC formed bullish Gartley | Upto 24% expectedIt Moved Up More Than I Was Expecting: I posted an idea on DATA with Bitcoin pair on 5 Oct 2019 here the price action was moving within a down channel and hitting the support of this channel the volume profile of complete channel was showing very low interest of traders at support and the price action found the support at 0.00000427 price action found the support at 0.00000098 within this channel the RSI was oversold and MACD turned strong bullish and Stochastic gave bull cross from oversold based on these indications I predicted that the price action will give upto 237% but when the price action took bullish divergence it was more powerful than I was expected and it produced 1025% very very huge gains below was the post: Another Bullish Pattern On Short Term Chart: Now this time the pricline of DATA has formed a bullish Gartley pattern on very small 2 hour time period based chart and this would be really good opportunity for DATABTC day or short term traders. The pattern is driven as below: After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for Gartley pattern and now the price action is moving in potential reversal zone of this Gartley pattern, now we can expect a bullish divergence from this level very soon. The Buying And Sell Targets: As per this harmonic Gartley pattern the buying and sell targets should be: Buy between: 0.00000193 to 0.00000181 sats Sell between: 0.00000203 to 0.00000226 sats So this very short term trade has potential to produce upto 24% gains. What Should Be Our Stop Loss: The potential reversal zone area can be used as stop loss in case of complete candle stick closes below this level. I will be keep posting more potential trading ideas for educational purpose on different assets as soon as will receive any trading signals.
Long
by moon333
BQXBTC forming bullish BAT | Upto 98% aheadOn Jul 9 2019 I posted this article where the BQX with Bitcoin pair was moving within a down channel and was expected to give upto 706% on long term, some other time I will post an update on this long term article as well coz it needs some more details for now it has formed another pattern which we will discuss today. Indicators And Oscillators Are Begun To Turn Bearish: Now after hitting this strong resistance of 200 SMA on upto 6 hour chart all indicators and oscillators are begun to turn bearish. Relative strength index (RSI) is overbought and showing tendency to turn bearish and Stochastic has given bear cross which give us more confirmation of this tendency of oscillators in the meanwhile the moving average convergence divergence MACD indicator is also turned weak bullish from strong bullish and momentum indicator is giving signals that the momentum is being shifted from bulls to bears and soon these signals can be reflected upto day chart as well. How Much The Price Acton Can Be dropped? If all indicators will turn strong bearish then we can see a strong bearish move on day chart upto 0.886 Fibonacci level (88.6 percent) and from here the price action can take bullish divergence because here we have strong support of simple moving average with time period of 100. The Harmonic Move The Most Strongest Bullish Signal: If we see on short term 2 hour chart than we have received another bullish signal and that is the formation of bullish BAT pattern so far it is formed upto C leg and the formation of final leg is in process the dimensions of this pattern are driven as below: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is almost projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is suppose to be retraced between 0.786 to 0.886 Fibonacci for a perfect bullish BAT and then the price action will be entered in potential reversal zone of this bullish BAT pattern. The Buying And Sell Targets: As per this harmonic pattern the buying and sell targets should be: Buy between: 0.00000410 to 0.00000360 sats Sell between: 0.00000532 to 0.00000714 sats So this very short term trade has potential to produce upto 98% gains. What Should Be Our Stop Loss: The potential reversal zone area can be used as stop loss in case of complete candle stick closes below this level. I will be keep posting more potential trading ideas for educational purpose on different assets as soon as will receive any trading signals.
BLong
by moon333
MDABTC formed bullish Gartley | Upto 51% bullish moveIn my previous article it we have seen that the Moeda Loyalty Points (MDA) formed a Cup & Handle pattern and was expected to take a very powerful bull move from the handle of the Cup, and after having some sideways trend the price action moved up and we have seen 102% gains produced by MDA. Now this time the MDA has formed another bullish Gartley pattern which shows the bullish continuation tendency of the price action. After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for Gartley pattern and now the price action is moving in potential reversal zone of this Gartley pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above the 0.786 Fibonacci levels then it can also lead to the long term bullish move. Indicators Are Turning Bullish: Priceline is taking bounce from lower bands of Bollinger bands Stochastic is likely to give bull cross soon from the oversold zone MACD is turning bullish Buying And Sell Targets: The buying and sell targets according to harmonic gartley pattern should be: Buy between: 0.00008787 to 0.00007699 sats Sell between: 0.00009643 to 0.00011700 sats Stop Loss: The potential reversal zone area which is up to 0.00007699 sats can be used as stop loss incase of complete candle sticks closes below this level. Regards, Atif Akbar (moon333)
MLong
by moon333
NEOBTC formed bullish Cypher | A good long opportunityPrice actions of 19th laargest cryptocurrency NEO with Bitcoin coin pair has formed bullish Cypher pattern and entered in bullish potential reversal zone. Lets have a look on the NEO priceline's move: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.272 to 1.414 of A to X leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci projection of X to D leg for a perfect bullish Cypher and then the price action is entered in potential reversal zone of this bullish Cypher pattern, Now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. I have used Fibonacci sequence to set the targets: Buy between: 0.001213 to 0.001191 sats Sell between: 0.001230 to 0.001272 sats Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Cypher pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Long
by moon333
MDABTC forming bullish Shark | Upto 24% movePriceline of World's 6th largest cryptocurrency out of more than 161th cryptocurrencies Moeda Loyalty Points (MDA) with Bitcoin pair is forming bullish Shark pattern and soon it will be entered in potential reversal zone and will be ready for bullish reversal soon. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Let’s have a look on the dimensions of Moeda Loyalty Points (MDA) action's moves: After inertial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection here I have ignored a little bit difference, and final (C to D) leg is suppose to be retraced between 0.886 to 1.13 Fibonacci for a perfect bullish Shark and then the price action will be entered in potential reversal zone of this bullish Shark pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: 0.00009440 to 0.00008955 sats Sell between: 0.00010015 to 0.00011131 sats So this very short term 1hr chart based trade has potential to give upto 24 percent profit. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
MLong
by moon333
Tracking Bitcoin Leg to $20,000We see many compelling reasons to load up on Bitcoin futures. We will be actively tracking the impulsive leg up to our target of $20,000. Our view - Bakkt platform daily futures volume hit all-time high during November 2019 - Exchange-traded bitcoin options launched Monday on the Chicago Mercantile Exchange - Increased institutional flow should support next leg - Increased mainstream adoption (inc. blockchain adoption by China) - Bitcoin Halving occurring 18 May 2020 should prop up underlying demand - Cyclical market movements and technical factors We've added buyside exposure to both our macro and directional portfolios. Your engagement matters to us! Let us know your thoughts on where Bitcoin is headed next in the comments below.
CME:BTC1!Long
by Portier
INSBTC formed bullish Butterfly | Upto 87% expected Insolar (INS) has formed bullish Butterfly pattern and entered in potential reversal zone and ready for bullish reversal soon. At this time the price action is moving above the PRZ level so we can wait for the price action for some correction and try to catch it from within the potential reversal zone. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Lets have a look on the dimensions of Insolar (INS) priceline's move: After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 1.27 to 1.618 Fibonacci as perfectly required for bullish Butterfly pattern now we can expect bullish move at any time which will lead the price action between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above the 0.786 Fibonacci levels then it can also lead to the long term bull move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: 0.00002209 to 0.00001786 sats Sell between: 0.00002542 to 0.00003342 sats So this trade has potential to produce upto 87% big bullish move. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Butterfly pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
ILong
by moon333
1