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Bitcoin needs more time to accumulateHello crypto friends, While Bitcoin is breaking resistance after resistance I want to show you a comparative analysis of the accumulation patterns after correction before bullish price increase. As you noticed, the price has been in the downward channel since the summer of 2019: Price is testing the upper boundary of the channel now. Until Bitcoin hasn't broken through this channel with a large volume green candle, as it was in 2019, I regard current price movements as an unfinished accumulation phase. Which means we can still see prices at 7K in the very near future: My idea is that the accumulation phase is not yet completed. Many factors indicate this - time, similar patterns, market weakness. You can see weakness in divergence of price and oscillators in front of important resistance, as well as increased volatility, which also indicates the indecision of many traders what direction the price will choose. As history shows, Bitcoin's accumulation phase ends with a fall in volume and volatility, when market comes to a balanced state - this is usually a very boring period, where a $100 movement is regarded as a very significant event. Do you remember 2018-2019 when Bitcoin was in the 3-4K ranging zone? What will happen next the price will tell. This idea is not a financial advise, but you probably know that already ;)
Long
by V0ld3mar
BITCOIN JAN 2020 BUBBLE CONFIRMEDThis essentially now means that Bitcoin is perceived by investors as a safe haven asset, meaning in terms of turmoil (war, political, natural disasters, economic crashes) money will flood into bitcoin, much like it has been doing with gold for millennia. Here's a short labelled chart essentially showing a timeline of the events that unfolded with the #USAvsIran "war" which was essentially minor news fuelled by twitter doomsday posters. To see my bigger picture bitcoin prediction, check the related link.
BITSTAMP:BTCUSD
by Sampdm8
POEBTC formed bullish BAT | Upto 76% movePriceline of Po.et (POE) has formed bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this 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. As per Fibonacci sequence method we can set our targets as below: Buy between: 0.00000023 to 0.00000021 sats Sell between: 0.00000028 to 0.00000037 sats So mid term trade has potential to give upto 76% profit 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 an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
PLong
by moon333
1
CDTBTC formed bullish Shark | Upto 87% bullish movePriceline of world's 424th largest cryptocurrency out of more than 2300 crypto tokens Blox (CDT) has formed bullish Shark pattern and entered in potential reversal zone. 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 CDT price action's moves: 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 1.13 to 1.618 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci as required for perfect perfect bullish Shark and now we are entered in potential reversal zone of this bullish Shark 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. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: 0.00000111 to 0.00000094 sats Sell between: 0.00000134 to 0.00000176 sats So this pattern has potential to produce upto 87% 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.
CLong
by moon333
AMBBTC formed BAT | Upto 144% bullish move expectedPriceline of Ambrosus (AMB) with Bitcoin pair has formed bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this 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. As per Fibonacci sequence method we can set our targets as below: Buy between: 0.00000227 to 0.00000188 sats Sell between: 0.00000320 to 0.00000459 sats So mid term trade has potential to give upto 144% 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 an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
ALong
by moon333
DATABTC hitting the support | Upro 237% possibilityPriceline of DATAcoin / Bitcoin cryptocurrency is moving within a channel. Previously in month of Mar 2019 the price action found the support at 0.00000427 sats and took bullish divergence and produced more than 93% profit. This time again the price action has found another support and current support is at 0.00000098 sats and we are expecting next bullish divergence form here like it happened Mar 2019, insha Allah This 0.00000098 sats support is our stop loss in case of complete candle stick closes below this support. RSI was oversold and now moving up. Stochastic has given bull cross from oversold zone. Volume profile of complete channel is showing less interest of traders below the support. I have defined targets using Fibonacci sequence: Sell between: 0.00000211 to 0.00000331 Regards, Atif Akbar (moon333)
Long
by moon333
LENDBTC formed bullish Crab | Upto 33% bullish moveRecently we have seen the price action of EthLend has taken strong bullish divergence and made more than 168% bullish move in the meanwhile the price action was not giving any chance to traders to enter in trade coz for last 4 days every candle stick was closing at the shoulder of previous candle stick. Now the price action has made some corrective move and giving a chance of trade on 2hr time period chart this time the price action of EthLend has formed bullish Crab pattern and entered in potential reversal zone and ready for next bullish move on this short term time period chart. Lets have a look on the dimensions of EthLend's move: 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 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 and now the price action is moving in potential reversal zone of bullish Butterfly, 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: 0.0000023297 to 0.0000021000 sats Sell between: 0.0000025076 to 0.0000029398 sats So this short term 2hr time petiod chart's trade has potential to produce upto 33% 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 Crab pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
LLong
by moon333
Bitcoin patternsFirst of all I know the scallops are inverted, I just prefer seeing them as ‘not inverted’ that way. As you can see bitcoin has formed two inverse head and shoulders patterns both followed by a descending scallop. Both scallops were successful. I believe BTCUSD is forming a long term support around 7k. This can be seen from June - November 2018 as a large area of consolidation for price range, and likely a reversal point with the development of the recent Golden cross on the weekly chart.
COINBASE:BTCUSD
by Bixley
CHZBTC forming bullish BAT | Upto 173% move aheadChiliz (CHZ) with Bitcoin pair is forming bullish BAT pattern and expected to enter in bullish potential reversal zone soon. Lets have a look on the Chiliz (CHZ) price action's move: 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 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, then 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 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: 0.00000084 to 0.00000067 sats Sell between: 0.00000124 to 0.00000183 sats So this trade has potential to give upto 173% 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 BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Long
by moon333
Hydro Formed Bullish Gartley Pattern And Ready For Bullish MoveWorld's 321th ranked crypto token Hydro with Bitcoin pair has formed bullish Gartley pattern and entered in potential reversal zone and 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. Lets have a look at the dimensions of Hydro price action'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 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. So as per Fibonacci sequence method we can set our targets as below for mid term trade: Buy at: 0.00000009 sats Sell at: 0.00000010 sats As per above targets this trade has potential to produce upto 11% gains. 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 an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic Gartley pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
HLong
by moon333