BTC: Potential Swing Trade Entry?Tightening equilibrium pattern on BTC. Getting close to a flex point. Must see a break. Saw Bulls attempt a breakout today. However, lower highs returned. Still, BTC is currently in a healthy consolidation after morning bull break.
BTC needs to get over $11,690.00 for clear Bull Break. $10,853.00 and $10,850.00 is a double bottom.
IMHO, BTC setting up for a great swing trade entry.
Bitcoinmoon
#BITCOIN update +235% target $53915 by Feb 20th 2018Update on Bitcoin projection after the current drop off. The last week or so we've seen an inverted C&H formation lead to the crash to the lowest lows we've seen in a while.
However, if you look at the chart, you see that Bitcoin was bullish with a bullish flag forming, but that bullish flag changed into a bullish pennant. This is a large bullish pennant and requires looking at the daily chart to really see it. The bullish pennant tells us there is a high likelihood we'll see another large rally, equal in size to the last one.
The two light blue curves show the last small rally and the likely recurrence of that rally which will send us out the top of the bullish pennant to begin our new rally.
The rally should rise +235% which is equal in size (percentage) of the last rally we had starting on Nov 11th and ending on Dec 16th (34 days total).
You see that I draw a date and price range square with the total 34 days in the future and +235% in height. This gives us a projected dollar amount of $53915 as our target.
Keep in mind, that my targets are often off +/- a few days, sometimes a week or so. And the height of my targets come close, but do not always hit the top of the projections, so if you want to set some more closely estimated targets, I'd set them at 10-20% lower than my projections:
My projection for new All Time High (ATH): $53915
-10% target for ATH: $48500
-20% target for ATH: $43100
For a stop loss, I'd put the stop around: $12700 (bottom of the ichimoku support cloud, see red dashed line for stop loss position)
After reaching our new ATH at $53,915, we will likely fall quickly back to the 61% Fibonacci retracement line or about $31000
BTC +6493% target $1,000,000 USD by Jun 16th 2018Looking over semi-long term trends of Bitcoin values. Here I compare OKCoin 3 month Future price projections against Coinbase actual price 90 days later. This shows us that futures are predictably lower than actual achieved values 90 days later. The net difference between the 3 Month projected price and the actual price is 469%.
By projecting the same 469% out 91 days from both the All Time High and the current value for the day, we see they cross at the yellow ellipse.
From there, I built out a Gann Fan with that crossing point at the very center of the fan.
Further, I drew an upward trend line through that crossing point to mark a date almost 6 months from today to provide us with a semi-long term projection of actual value based upon the comparison of 3 month futures vs actual value today.
This date falls on Jun 18th of 2018, but I've tagged it Jun 16th, because Jun 16th is my Birthday.
Anyway, this may be a bit crazy, but it's what the charts show me. I'm not basing this on any reality. But it's entirely possible with a few trillion dollars being introduced into the Bitcoin space over the next 6 months, we may actually get there.
If you want to send tips for my crazy ideas, feel free. :-)
Bitcoin Address: 124499N2DPkVKAxNZmKjmPYxjq8TiiS5Sj
Ether Address: 0xD016e20E83292443E9Be97D4a96d0A7e84f2106e
Bitcoin Cash Address: 1GMtXPPTNzAFD6t1EKKw5VdX4F9fRJgfoM
Bitcoin Buy Opportunity Possible Altcoin Market Bearish ReversalThe past few days have been quite booming for the altcoin market, which makes me think about the tides of the seasons.
A lot of people around the world have spent their holidays with their friends and family, and I can imagine a lot of conversations would be about Bitcoin as it has been getting a lot of attention in the mainstream media lately.
I can only imagine a lot of new traders trying their luck in 2018 with crypto, which means there will be a lot of new money into Bitcoin.
Therefore bitcoin will make moves for a new bull run, which will leave alts being drowned in blood for the simple reason that it's hard for altcoins to win against btc when btc is rising.
This has a funny result in your portfolio because if you stay in alts, the dollar value of your portfolio will probably stay the same or rise.
If you make the switch to move a big percentages of your portfolio into Bitcoin, then you will rise in dollar value as you ride the Bitcoin train.
The bonus in managing your portfolio the second way is it's possible to buy in Alts later when Bitcoin cools off.
Most of us will remember the days when the Total Alt Market was bleeding so hard because of the sudden mooning of Bitcoin and we were losing out a lot of potential gains long term, but that's when we noticed that if you held the bitcoin during the run up instead of alts, you could buy so much more alts back at such a low price, which results in a far bigger return the moment alts begin to grow again.
Altseason might be over very soon so don't forget to lock in your profits!
Now about Bitcoin:
Bitcoin is looking for a classic set up with a rising bottom pattern forming into a flag pattern.
RSI is looking bullish and the Momentum is getting stronger.
Bitcoin is creeping out of the Ichimoku Cloud which makes me extremely bullish on Bitcoin.
Good luck with this trade, the theory is still a theory.
BTC - Big Test AheadIMO BTC will face a big test through the next $1500 rise in price. It looks to me like there is significant resistance from about the $16,000 area up through the $17,500 area.
I believe if BTC can push above $17,500 and even clear $18,000 it will have built enough momentum to return to $20,000 in short order. I would also really like to see the volume building as it moves up from here.
My feeling is that if BTC can break through this resistance and test $20,000 again, this time it will push through $20,000.
BTC target +235% to $45,700 by Feb 8th 2018Notes in the image. Bullish flag. Rally sizes. Likely breakout point from flag.
Also note:
50-61% Fib Retracement after target reached, new buy zone
Volatility gets wild, $20k swings in price levels.
This target date shows Feb 8th, although we could hit it by Jan 15th as my earlier TA shows. This is just a longer term version and taking into consideration that we are about to break out of the bullish flag within the next couple hours (if it happens).
If we don't break out of this bullish flag, I feel we may have entered a new long term downtrend and with Ripple gaining ground, there may be a big move from many loyal to Bitcoin over to Ripple over the next few months, possibly putting Ripple in the lead.
BTC target +237% to $46,000 by Jan-15-2018After the last consolidation period at $7500 when Bitcoin corrected to $5500, we've seen a heavy rally.
This rally has peaked at $20,000 before the current consolidation period began and Bitcoin dropped just to $10,000, which is the 61% Fib retracement line from the ATH.
The current downtrend on the 1D chart shows a large Bullish Pennant (Green Triangle), which signals an additional rise equal to the last rally (%).
Additionally, if you look closer (see my previous TA about Bitcoin to $25k), the current downtrend is actually completing an inverted H&S formation this morning (Christmas Morning). I believe we still may have the $21k rally today, Christmas, followed by a slight correction and continued FOMO to $25k.
These $21k and $25k targets will boost confidence in the market. Also keep in mind the Bitcoin CME Futures will only be open 2 days next week (27th and 28th), before they are closed again until January 3rd (New Years Holiday). I believe that traders will see that the correction has happened, the market is healthy and the buy signals are clear and futures will see excellent potential to buy today and rally to $46,000 by January 15th.
Also, FOMO should help maintain progress after we've hit the $25k target.
The next consolidation period should happen after we hit $46,000 and it may fall as low as $26,000 to the 61% Fib retracement line again.
All of this including the next consolidation period will likely happen prior to the end of January 2018. Peak at $46k, consolidate to $26k and start again with more money being injected into the Bitcoin market from CME and CBOE.
This upcoming rally will push a great many alt's into 300-700% gains. Be prepared to jump on those opportunities.
Watch XVG, XRP, SC and TRX (TRON). They've been showing significant gains, SC maintaining positive growth even during this current consolidation.
Bitcoin Long! $21,855 in 72 hours & $26,500 by Sunday early AMInverse Head and Shoulders formation appears to be pointing at a rally to $21,855. This will put us at a 45% rise since Sunday afternoon.
If this rally completes, we'll probably see a Bull Flag or Bull Pennant form for a short period of time, until we complete the weekend rally.
I expect the weekend rally will rise just as much as we have risen after the inverse H&S rally completed, which will put us at at target of $26,500, completing around Sunday early morning.
It's possible that we'll start to see a shift in the Bitcoin rallies towards Weekday rallies (Monday through Wednesday) leading Weekend rallies (Thursday through Sunday) due to new and more sophisticated investors entering into trades and the Bitcoin futures market.
Overall between the rallies of this week and weekend, I am predicting we'll be up 76% from the $15,000 mark we completed just yesterday.
Perfect bitcoin trend analysis for correction following 17kBased on bitcoins previous corrections we can easily and precisely find the location of our current correction. Although this is being posted prior to bitcoin reaching its ultimate bottom investing now would still be worth while. As you can see the next bottom point following the current, and passed correction is at the same angle. Thus a line is shared among both of them. Please share this with your piers as I bealive this is the answer to investing on our current correction.
BTC - 2017 Price Corrections - My New Price TargetI'm just having a little fun with the BTC chart, I thought it would be interesting to calculate the price corrections that BTC has experienced this year (> 25%) and to also calculate the price increases from one correction to the next.
I am going to go out on a limb and predict that BTC will hit a price of about $16,000 (barring a Black Swan event) before we see another price correction of 25% or greater.
Fibonacci RetracementIf we look the market in 2013, there is huge bull and bear market trend. I felt like things happened in 2013 will be the same in 2018. If we compare 2013 and 2018's Fibonacci Retracement, they look very similar to each other. After the bull market, will probably happen in 2018, I'm guessing the price of bitcoin will go down to 5-6k. However, I believe the price of bitcoin will go up to 100k in 2021. This is my opinion. Hope everybody makes some money!
Bitcoin - 2 Signals point at $9k & $10k targetsInverse head & shoulder is completing, likely tonight. This will be followed by a rise to $9926 or better within the next few days or possibly overnight after the rally begins.
Also, black lines denote the current Bull Flag, showing a target at around $9200.
Inverse H&S looks stronger and I believe if we actually break $9000 in a rally, we'll be pushing up to touch on $10,000 per Bitcoin.
After hitting the $10,000 target, we may see a retrace to my earlier 61% Fibonacci lines, will give us a potential buy price at around $5700, before we bounce back and push beyond $10,000 with a target of $13,000 by Jan-20th. See my earlier 61% Fib lines here:
BTC Struggling to Break $8000BTC has been consolidating just below $8000 for about 24 hours. BTC has made about 4 attempts to break $8000 but so far they have all failed. Looking at the 15-minute chart BTC has now pulled back a bit and I am looking for it to stay above the recent low of $7536, if it does and puts in a higher low I would look for it to move higher and possibly break $8000. If it breaks down below $7536 in the short term I would look for further downside
Bitcoin Short, but not over yet. Target $5200 then bounce.BCC seems to be taking strides and affecting BTC pricing. I've shifted some BTC into BCC for now.
Fibonacci 62% retrace from ATH is gives us a bounce at $5000, with a target buy price of $5200.
We also have a strong Ichimoku resistance/support shoulder at the same range around $5000-5500, which should help the bounce for a continuation upward after this minor correction.
Bitcoin on the Ichimoku & Fibonacci Cusp! Prepare for Moon!My charts are showing we are on the cusp of cusps. Meeting the Ichimoku resistance shoulder, which generally pushes Bitcoin higher. We're also at the meeting point of a Fibonacci resistance level based on my prediction of achieving $10k. We've already tested $8000 by hitting $7900 the other day, so we'll be re-testing it after this bounce off the Ichimoku shoulder and hopefully breaking through to target $10k within next couple weeks or by end of year.
We are also meeting at the top shoulder of my long-term pitchfork, which shows the current trend. If we can break above $8000, launch off the Ichimoku resistance shoulder and kick over the top of my current pitchfork, then all bets are off and the sky is the limit. At that time, I'll have to completely start fresh on trend analysis and create a new pitchfork model and do some creative thinking about where the Ichimoku lines will lead us.
Bubble? Maybe.. always possible, but I have a feeling that we're going higher, much higher. Trusting my gut.
BUY AND HODL!
Don't forget to follow me..