BTC short short term, long long termpredicting a short crash to total the 30% pullback we have all been patiently waiting for to regain a healthy market. with this last dip towards the 0.382 FIB (fib lines drawn from bottom at 3100$ to top around 9100$) , we will likely recover on our previous trend line that was started April 1st, before we went parabolic in May. IF this line fails, I see a dip to the 0.5 FIB, then we will catch my lowest upwards trending line from the bottom of the market through April. If that fails, start shorting bitcoin like a savage because its over and this was the biggest takeout we've seen in quite some time. Honestly I don't see a fall for longer than a day below 5600, and wouldn't bet against a break of 6000$ to be honest. My prediction is a drop to 6200-6800$ then a nice slow recovery that is healthy and grows for all of us for the next 6-12 months. THEN, once this build up is above our previous ATH, we will go parabolic towards 50-100k in 2021-2022. Really this analysis is mainly about the fall to the 6000's and getting support there and coming back up. Thanks guys and good luck. If you only use binance or other non leveraged brokers, sell into tether or TUSD or whatever stable coin you want. IF you use bitumen, kraken, etc, I would do some TA and think about a short term short position
Bitcoinpriceprediction
bitcoin price prediction this summercreated by analyzing fib retracements (not shown in chart) and natural volume based and trend based support and resistance, we will fall anywhere between 7200-6350 before a recovery over the next 8-12 weeks. Could happen in a matter of days though. As you can see, my prediction from our wedge played out correctly as well. We are OVERDUE for a BIG correction in the 25-40% magnitude range from our first 1000$ candle or from the start of our parabola in early May. Which one depends on a number of factors including support, RSI etc which all point to a .618 retrace of our parabola to the $6000's then back up but slowly and in a healthy manner this time around. Sitting in overbought territory on the RSI on the daily and weekly is NOT a good time to buy. Good luck and be careful.
Bitcoin PA-Bar Pattern-Long/Short analysis.Hey!
I want to introduce you this idea.
I was looking for a PA reaction from the same L/S ratio setup, and got this surprise.
I think it's really accurate and deserves to be shared, even if it fails horrible.
Of course this is not a financial advice, and it might get invalidated if BTC breaks 7.5k with a full body candle on daily chart, or breaks 4k on the weekly.
Have fun and trade safe ;)
Bull or bear?We cant really predict the future no matter how hard we try but we can do an educated guess from prior trends, from what we are seeing in the above chart, bitcoin seems to be finding it hard to close blow the $3400s, why we don't know for now based on FA. A visible close below $3381 may spell full doom for bitcoin because it might lead to a close below $3100s which means corrective leg B might extend, then we start looking at the region $2900s to hold as support. Already there are signs of a continued downtrend such as bearish engulfing candlesticks being presently printed, low and declining volume and the last low on the stochastic seems to have printed a bearish divergence on the charts (lower low point in comparison to other points' position). traders are advised to trade with caution and tight stop-loss as we watch to see if the $3400 to $3300 support area is broken. Note: am still very bullish that what is about to be formed is a second bottom (pending a third if possible) for a 123 formation to signify full bullish reversal. 123 means a Top, 2 lower highs and a double or triple bottom. lets keep watching the daily close of the candlesticks, pattern, price targets and momentum. thank you
Bitcoin(BTC) The Next Move! New Lows Or Is The Bottom In?Hello All,
I have recently started my .1-1 BTC challenge. Updates can be found on my twitter(link in the signature). Regardless overnight we returned to the OTE for this LTF move and found support on the retest of the OB that swung us to the high around 3480. I will be looking for continuation to the 3520 region. There I will ladder shorts as it is the old daily low and the level that led to the heavy expansion to the downside we saw over the past 48 hours. I would like to see price head for the Order Block between 3180-3260 where I will be looking to long. You can see my issues with this region however on the chart as to many people are expecting this to be a good buying opportunity. Regardless, I trade the chart.
Even lows beneath our swing low at 3100 and overall extreme sentiment for this area will eventually result in a run on liquidity for a new low. However I am not sure that is going to happen just yet. First target would be the old swing high of that region 2960.... NOT 3k.
Happy trading and make sure to tune into the resources below with any questions you have
Bitcoin testing $3500 , Bullish or Bearin long term trend line it is getting support around $3500 - $3600 , It tested it 3 times in last one month, Tried to break but bounced back if it holds here then we can see quick bounce back if not then we can se downfall to $100 to $200 more from here & we can see it to $3400 - $3200
Again $3750, it is facing resistance in long term trend line , tried to break but couldn't able to sustain thr for long term and felt, Now its like a Ping Pong game or a kind of spring, getting more and more squeezed to the end.
$4000 is a resistance in short trend line and whenever it go thr then get rejected. So need to watch this also and trade, If it breakout after $4k then $4400 - $4850 will be the next resistance
It just broke short trend line and felt from there which is not good sign but if compare to the long trend line BTC getting support which is quite bullish.
BITCOIN(BTC) INVERSE HEAD & SHOULDERS MEMEHello everybody. Retail is labeling Bitcoin(BTC) as an inverse head and shoulders right now. Please do not be fooled by these gurus that are not knowledgeable in this craft. An inverse head and shoulders is simply a break and retest of your break on your HTF not some magical pattern that makes you money. That being said it is possible this "pattern" fulfills due to the logic behind blackjack theory. Bitcoin has been in a very tight range on the 4 hour and daily since Christmas day and sitting on the equilibrium of our intermediate range. The price action is quite corrective after an impulse (bullish case) and continuation is more than possible. What you should be looking for here is where does the nearest liquidity lay? If we can break this range (green prediction) and see a retest to the upside off the range I would be entering long with (bullish case) price reaching the equilibrium of the macro range and most likely extending for our OTE (labeled major consolidation block). Bearish case(red prediction) would be the fact that we have equal lows on the weekly off the meme 200 ma and thus price could run for this liquidity pool to clear stops into the lower eq range.
Short on BTC for nearly the entirety of 2018, we strive to help you all educate yourselves on trading and save you money. Check out below for access to our discord which is completely free as well as our youtube channel.
Stay safe Traders,
Trader_Tristan
Bitcoin may test 3k if not sustain 3600Finally bitcoin successfully closed above $3600 on weekly if it not sustain there then it might test short term support at $3400 $3200 and even $3000 , once break $3000 then can hit $2500 to $2700 by jan 2019, But good news is it is trying to break resistance at $3800 once it breaks then it can test $4100 and above in short time
3 possible Scenario for Bitcoin - Breakout to 6k or Dump to 3k
If we consider 4 hrs chart since the massive fall, and see the downwards trend then three things can happen,
1 Whales might dump it to $3000 arrow one
2 If downwards trend continues like this for a longer period then might be $2000 or $1500 will be possible but possibilities of this is very very less as $3500 then $3000 is a strong and sociological support .
3 As technically its Double bottom and also some spike above trend line and sustaining here over $4200 to $4400 for some time with good volume then we can also see trend reversal or break out. Lets hope for the Best :)
Bitcoin: Are you with Sharks or Whales?Bitcoin moves in triangle and about to chose it direction.
Now its time to decide: which way you will go?
To whale or to shark?
Breakout of 6000 and 5800 will bring us to whale level.
Breakout of triangle in 7000+ and 7400+ will bring us to sharks.
Don't be like a plankton, keep it simple: play smart, use capital management and trading plan, keep away emotions and good luck!
Push the like button, and leave your comments and charts, I would love to give you some feedback:)
Bitcoin vs. US Dollar | Showing weakness on 13H, more dip?!Hello, dear friends!
Bitcoin shows heavy resistance at 6600 and 6800 . On other hand we have higher lows, with demand/support zone at 6200.
On the left screen 1h chart, price stays above MA200 - which is bullish signal for us, lets take a look at history:
July
April
February
November
September
and many others times...
But when it comes to cross down the MA200 - this is a short-sell signal , so we should carefully watch this MA-breakout!
On other hand (right screen) we have MA50 and MA200 crossover (crossdown) at 13H timeframe, which is Bearish signal, combined with MA200 breakdown signal on 1h, we can get the confirmation of Short -entry.
Good look, if you have questions - please send comments.
If you think idea is helpful - press Like:)
Have a good profits!
Bitcoin, Price prediction with Plan A and Plan BHello, dear followers, as we can see price found support at 6890 level which located at the top of Accumulation Support Levels *6800-6340*.
The Support level at 6890 is also come with MA50 Daily support:
So for Plan A we should use this level as Stop Loss for Long Entry. Targets are above 7280 and maybe with optimistic 7460.
Plan B will be activated as if 6800 level breakdown, so it will mean that we a going to lowest support level at 6300 and break the Red trend line.
Be sure you follow capital management and be prepared that could happen anything.
From Fundamentals we still pending ETF, so price will probably move nervous and in speculative character until decision are come.
Altcoins near good supports, but yet no trend reversal, so be careful before trade them.
Good luck, support the analysis with comments and press Like:)
Bitcoin Price and Signals overview, short-term prediction Hello!
#Bitcoin shows bullish setup, but...
There is 2 Bearish things :
1> RSI and Stoch RSI are overbought
* We should not blindly follow only indicators, so lets see what else we've got for Bitcoin today
2> 7800 Resistance this resistance is important since 2017 from previous bullish rally, as we remember from this level price felt to 5500 in 5days
So keep in mind bearish scenario before enter any trade.
Lets talk about Bullish scenario:
1> 7800 level, is important again to show strength again, like the bullish breakout of 2017 of this level:
2> Bullish Flag pattern: according to TA textbook we have target measured by flagpole - its near 8600 and MA200.
3> MA50 and MA10 Cross: this cross is used to spot early trend-change on Daily charts, so when MA10 cross MA50 in upward direction its a Buy signal.
4> Price trying close above MA100 in Daily chart, this is good signal of strength of bulls.
Not a best time to enter long or short on BTC/USD so better watch for price action after 7800, and I will keep you updated.
Bitcoin: Flip-Flop EditionHello!
Multi timeframe analysis is there.
Recently we meet Local resistance at $6514 (red horizontal line) Which is bottom of Descending Triangle (Red on 2D chart at left).
Now it need to break $6514, to move on higher resistance $735 2, which will be hard for bulls IMO.
If bulls will fail breaking this resistance, we will probably see reloaded bears for final rush to The Trend and Global Support, where the huge demand is located:
Global Support $4790-5000
Watch price movement on 1h chart and wait for price action in Yellow Circle, as here we've got 2 resistances.
Good luck!
Learn more from previous ideas:
June 13, Wyckoff Accumulation Process for BTC:
June 26, Bitcoin Price Prediction for 2018: