BTCEUR - Bear Flag, Short Position (7.150 to 6.080 EUR, -14,56%)BTCEUR - Into Bear Flag, Previsione for a Short Position from 7.150 EUR to 6.080 EUR, (-14,56%)
BTC comes out of a very marked flag of about 73 days.
The output, about the movement that took place later, clearly defined a FLAG POLE and a fairly marked BEAR FLAG is emerging which is now 26 days.
By performing the FIBONACCI tracing on the flag pole and reporting the values on the output FLAG PATTERN you can highlight the TARGET LEVELS of the SHORT POSITION in ENTRY and EXIT.
In the forecast, an imminent exit from the BTC BEAR FLAG is simulated at around 7,150 Eur.
1. Entry into SHORT at 7,150 EUR.
2. Monitoring of historical support at EUR 6,774.
3. Target 1 to 6.080 EUR ÷ Target 2 to 5.611 EUR.
The FIBONACCI tracing signals the target level around EUR 6,080 equal to - 14.56%. Also possible a second target at EUR 5.611 defined by the width of the FLAG POLE.
#surfthetrend #trendsurfer #gabrielestampa #bitcoinpredictions #bitcoinprevision #btceur #bearish #bitcoinbearish #shortposition #bitcoinshort #shortposition
Bitcoinpriceprediction
Warning! - The following chart may be too much for some viewers!This chart shows you the only way out of an imminent death cross for BTC. It is a very realistic looking scenario so be sure to note that the last 5 candles are not real. We have to meltdown to 7K - 6.5K to go up to safer ground aboard one or two "weapons-grade" green candles. From there we have to crawl up to a few other buy zones that can get us to 20K and then we hit resistance from hell which will send us back down to the bottom, all of this would take months of course. Bitcoin and crypto in general is one of the fastest moving (volatile ) asset classes and still it takes months to hit highs and lows.
This is the road we are traveling -- take a look below. it has taken years for that triangle to form. The first high (that we all remember) was achieved in December of 2017, we then touched the bottom a year later! We are now due to start moving down to the 7k - 6.5K area in the next few days. It is at this point that we won't know for a while whether we are going to move up or down. If we decide to go down it can take months until we hit that bottom green support line. Understand this; Both green Xs in the chart below have great probabilities of generation strong moves out of the triangle, that's why we have bought alts already (just in case.)
Looking at this chart it seems that for now, money has stopped coming in and a little has gone back out. The powers that be may be waiting to see how that golden cross will play out. Let's do the same.
Wisdom
There is something called the 90/90/90 rule which means that 90% of investors will lose 90% of their money in just 90 days. Just remember that large institutions are after your money, so don't make greedy unplanned moves.
NOW, THE LEGEND;
Support trendlines are green
Resistance trendlines are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white
THE TREND: Going down
THE OUTLOOK: Not safe to buy BTC but we are near the bottom.
Be safe and follow me to make money and stay ahead of the curve.
Xena Exchange Resident xena.exchange
BTCUSD long opportunityCurrently, there are some good support levels for bitcoin. The lower border of the pitchfork is currently holding the bitcoin price. Another good news is on the monthly chart, the 10 EMA line is still holding the price up so we do have two strong support level at this point (~7800) and these levels could form strong support and make a good entry for a long position.
However, we must be careful of the downward momentum at the moment as the price has just broken through the support of the descending triangle pattern as well as breaking below 200 EMA on a daily chart. The short term outlook does appear to be very scary but we must remember that fear is the worse enemy for any trader as equally as greed. I would rather be a bit more greedy when the price is lower than being more greedy when the price is higher. The key here is to know your position sizing and risk tolerant. You definitely don't want to get stopped out at the best price to buy when it dips 10-20% in a day.
At the moment, I believe it is unlikely that bitcoin will go below 6800 usd (+-10% swing which makes the lowest possible price for bitcoin to be 6200 usd if it is to continue a bullish sentiment). Below the 6200 level, it would be very bearish for bitcoin as it would break through a 6-year support level on Schiff pitchfork analysis and we could possibly enter another long bear market.
As for now, base on pitchfork/Schiff pitchfok analysis and EMA on weekly-monthly chart, I believe that we are still in a bull market.
Bitcoin Price Prediction and Analysis with xRHello,
I'm xR, with Biollp, and welcome to our block. We invite you to tune in as we tour through some of the nostalgic nuances of the past Bitcoin chronicle. Let us dive into the current occlusive conditions of the market.
News publishers continue to trek on about Bitcoin's bullish behavior, and it's evident a break out is on the way. Electrifying headlines captivate millions of users adhered to the pulsing lights from their LED monitors. Pings chiming click baits of market penetration, saturation, and expected growth in our booming market space streaming right from the blackened index pages of tactful market makers. It's July Twenty-Fifth, of Twenty-Seventeen, and I download my first bits of Bitcoin. The money is flooding in, it keeps coming in, and the market cap soars through all expectations. Thus, Bitcoin showed exceptional promises for a brave and bright new future.
Its March of Twenty Nineteen and Bitcoin begins to unleash havoc, like a bull, racing from it's lower price margins and blasting through all resistances with ease. The news publishers ramble on about its irate behavior and it's evident a break out is clearly on its way, surely? Perhaps the media might pose as a threat to the stability of the market space this time. Blackened Search Engine Optimization can be quite disillusioning, at least, until it isn't. Twenty-seventeen bruised many investors, miners, and community members, many of whom carry painful recollections from their experiences. The deceptive watery river of false promises touted from friends, family, and media outlets may have contributed to its distasteful flavoring. Wealth generation happens over-time, it begs the question, is this financial instrument durable as a storage of wealth? These questions are answered based upon data acquirement over decades, not weeks, days, hours, or seconds.
After browsing through the years of outlandish archives; a lacuna appeared before us, do we dare to imagine the plausibility of a One-hundred Thousand Dollar Bitcoin? An eerie sensation seeps into the tandems of my neck, just exactly who and, why is this narrative being published, let us begin to draw and check the technical analysis. Bitcoin's one-month trade chart vanities the momentous kinetic strength that is built over several years before twenty seventeen and notably without a significant pullback. We can attribute this occurrence to how market space development took place. Consequently, early adopters who spent years unrewarded suddenly became key-keepers to cash-filled hands of investors desperate to grasp their golden ticket to projected financial freedoms. Momentum wouldn't shutter until late September of Twenty Seventeen where we see a forty percent pullback formulating our Bullish Kangaroo Tail.
Perhaps there are indications of a retracement we can observe in the breakout of Twenty Seventeen. Previously the Eight-Day Moving Average carried support for Bitcoin's rapid uptrend exceptionally well. Continue to follow this trend line until the Twenty-Day Moving High makes a Bearish Cross with the Eight-Day Moving Average. Bitcoin's price breaks it's support line and falls beneath and away from its supportive trend line on the twelfth of February. Inspecting the MACD indicates momentum declined after the peak was reached in December of Twenty-Seventeen and consequently as did the price. While purchasing pressure decline is not a reliable indication for bearish behaviors, this circumstance displays it's potential to forecast price instability. Bitcoin purchasing pressure severely declined rather than slowly tapering down like we would prefer to see. Using the RSI indicator will spotlight our third observation in this analysis. Have a slight dab of Bitcoins relative strength, can you bounce with me one time? We offer a savory dead cat in several flavors, our most popular is raw. This trifecta left all those unaware of it's unfolding scraping at the knees for more yard stomping.
Heavy sell pressure continued throughout the year with the Eight-Day Moving Average acting as a steady soft barrier of resistance. The Thirty Day Moving Average reinforces this resistance as the year continues downward. Towards the ending of Twenty-Eighteen, we reached the all-time-low of the year at three thousand, one hundred dollars - two thousand, nine hundred dollars. This low point is the pivotal moment that is the basis for our perspective of this analysis. Not only does this form another Bullish Kangaroo tail but it also creates a secondary point of support. Let's take a look at what happens next.
Bitcoin's support is held and pushes outward to the side. The Eight-Day Moving Average trend line that indicates the previous downtrend clutches beneath price actions. This trend line immediately begins to follow it's previous trend and becomes an established line of support for Bitcoin yet again. The trend line then leads us into a bullish cross with our Thirty Day Moving Average at five thousand dollars price per Bitcoin. There were clear indications this would occur during the four thousand dollar price range. This momentous energetic output from Bitcoin's previous bull run is reflected in what we feel, resonate with, and desire. Is this enough to repeat and supersede history?
We continue to see the Eight Day Moving Average hold a steady line of support throughout the trend. This synchronicity unleashes an explosive and rapid price increase. Then suddenly Bitcoin pulls back thirty-four percent. Does anything seem familiar to you? There are a few indicators that might jump out at you. Perhaps the Twenty Day Moving High emerging into a bearish cross with the Eight Day Moving Average? A descending purchase pressure over the MACD leads to downward sell pressure. Lastly, the trifecta returns with a dead cat bounce, but will investors be fooled yet again? Fool me once, shame on you. Fool me twice, shame on me.
I humbly request investors take consideration of the politely drawn indications from this year's bullish uptrend and appreciate the nostalgic nuances to Twenty Seventeen's bullish uptrend. The various technical indicators, trends, and patterns of the past lead me to at a minimal consider the plausibility of revisiting the line of support. The continuation of this trend could initiate a break beneath the neckline. Typically breaks beneath the trending line of support are equal or greater than the wick atop of the peak. This would be a minimal breach of Two Thousand, Six Hundred points beneath the neckline or line of support.
We can project a course of intersection from the topside of our descending channel by use of moving averages and the bottom side of our lines of support. We can see the descending wedge by viewing the Moving Average Trending Channel. Breaching the neckline would bring us into the Lower Level Support Zone. There are further events we project feasible in the continuation of this trend. We'll save those ideas for another Bitcoin Price Prediction and Analysis with xR. Thank you for tuning in with Blockchain Investment Opportunities. We value your time, may your time be fruitful, invest wisely fellow block.
Bitcoin Price Analysis and Prediction - BTC Makes Big Moves
Relative Strength Index: The RSI at the time of writing is at 63 points. This means the market does have some power but is not quite overbought. We can see the RSI toppled over 70 points earlier, which is where Bitcoin made its crazy gains. If the RSI can stay high, Bitcoin just may make another move upwards.
Bollinger Bands: The current price is touching the top band. This means that we will either see a breakout in the next few hours, or the price will consolidate by a few percent and test support. Most likely, we are going to see a small retracement back (1-2%) followed by either sideways trading or another move up. A significant move down in the next few hours wouldn't make any sense.
Volume: We saw some great volume earlier today during the bull run. Right now the waters are calm and volume is relatively low. If we don't see any big orders the next couple hours, the chance for another breakout in the near future will decrease significantly.
Bitcoin Price Prediction
The RSI is pointing to a strong market, Bollinger Bands are signalling a retracement, and Volume tells us a sideways market is ahead. Each indicator is telling us something completely different, what do we do with that? When the indicators make no sense, the market usually doesn't either. That means that we should expect further volatility in the next day or two. Hopefully the volatility comes in the form of another bull run, as dropping down below the $10,000 level again is going to be very anticlimatic.
Read More: Bitcoin price analysis
Bitcoin Price Analysis - BTC Continues Sideways TradingRelative Strength Index: RSI is at a healthy 55 points at the time of writing. It’s coming down from a peak of 80 points a few hours ago. Looking at RSI’s behavior the past couple days, we can see it has been out of bounds only 3 times. That’s a signal that the market is relatively stable, and may continue trading sideways.
Bollinger Bands: Looking at the BBs, we can see the price is right in the middle of the upper and lower bands. Moreover, we can see the deviation between the two bands is decreasing. This also signals a sideways trading market, especially with the recent breakout.
Volume: The volume is relatively low at the time of writing. However, there is still enough market activity for Bitcoin to be able to move up or down a few percent. Looking at the chart, we can see Bitcoin previously moved around $100 in either direction with similar amount of volume.
BITCOIN PRICE PREDICTION
The RSI and Bollinger Bands are both signalling a sideways trading market. The low volume only confirms the indicators’ sentiment. As such, my prediction is that Bitcoin will continue to trade sideways at least through tomorrow. With labor day here, US volume is going to be minimal so unless China makes some big moves the price should remain stable.
Read More: Bitcoin Price Analysis and Prediction for September 2nd
Bitcoin - What just happened?Ok I will interpret for you what happened and give you a point of view that will keep you safe. I only do longs I do not do shorts so I am waiting for it to go down so I can buy cheaper before it goes up. I believe the next leg will try to reach 15K and Bitcoin will try to retrace before it continues up. I believe BTC wants to go to $8,500 and maybe even to $7,200. In the unlikely scenario that we are done going down and to say that BTC is truly going back up, we need to look for a safe place to jump into it, so you either buy right after it breaks out of the triangle (the red resistance line) or you wait and see if it hits the red X. This will signal the first high, high and we would jump during the pullback to 61.8. The likeliest scenario is that BTC already ran out of steam after hitting the 50MA on the 4H -- which is also where my trendline is. It should start to come down now and hit the green trendline or go below it to the green x.
Another indication is that BTC on the 1D timeframe has violated an important trendline.
This is the long term view that shows that going down to $8,500.00 (50% retracement of the 2019 move ) and $7,200.00 (The 61.8 retracement of the 2019 move) would be healthy and maybe even needed. Both of these prices are marked by the green X's.
THE TREND: Going down.
THE OUTLOOK: Unsafe to buy BTC but safe to enter and buy some alts.
Be safe and follow me to stay ahead of the curve.
BITCOIN PREDICTION PRICE (100% accuracy as always)I have to say sorry that I posted it late because the re-entry price for short-term is achieved but I have to wait for more time to give you a clearer picture. I hope you have bought at my previous golden entry price. Here is my continuation of previous post.
BITCOIN ANALYSIS:
$10253 is a price that we should re-entry and also the stop loss premium price. It is bearish in the long term(Days). Although it did hit the my short-term resistance price 3 times but it did not hold or break the price in the end of the candle(Day). MACD is definitely showing bearish situation with higher sell. However, I will stick to my target($10910) because I still do not see any sign of dropping more as the daily candle is still remaining green. Lastly, I might wait till RSI/EMA next movements before changing my mind. Below are the conditions for Bitcoin to reach my target and I hope it will do.
Conditions to reach $10910 (Target Exit Price in my previous post)
1)Bitcoin must break and hold above $10400-$10430 to have a higher rise in price.
2)Bitcoin must not drop lower than $10253.
3)Bitcoin has to display another green candle in daily chart(Today).
All the best and Happy Trading!
Regards,
Edgainers
BITCOIN PREDICTION (100% Accuracy as always)BITCOIN PREDICTION:
Entry Price: $10053
Exit Price: $10910.53(Wave 5)
BITCOIN ANALYSIS:
Congratulations to the viewers who read my previous posts because you are in a good profit. Firstly, Bitcoin has rebounced from my previous target $9799(Golden Entry) many times and it is obviously a strong barrier for it to break. MACD is showing bearish in a short term but there is less selling momentum to pull the price lower. RSI is showing that BTC will start to play another small pump but a small drop is required. Therefore, we most likely will not see any good low price to enter. $10053 will be my next entry price. Even if there is a chance for BTC to fall lower like most of the traders think like but I dont see any sign for BTC fall below 10000 at the moment. $10910.53 is my target/exit price that BTC will reach but it means that BTC will have to make a breakout of present trendlines. This also mean that BTC will pump even higher and perhaps to my peak price $11198.95.
Strategy: No sign for BTC to fall harder than before so SHORT trade is not encouraged at the moment except BTC drop lower than $9700. Long/Buy will be the premium option to earn profit from this prediction. Hope you enjoy the profit from my previous posts. All the best and Happy Trading!!
BTCUSD Housekeeping, Zoom out for clarity!Been a while since we looked at bitcoin, that's cause a lot of sideways move makes for boring reviews. So here we go after the recent dump we have removed some clutter out of the chart and zoomed out for a bigger picture type of trade opportunities.
What's new?
-Bitcoin is approaching what we believe is the strongest resistance line going back to its first ever parabolic move
-Failure to hold this line will see us crashing hard into yet lower lows and most likely revisit 7000 ranges
-As time passes with more and more drops we being squeezed into an ever tight channel and 10000 becomes support the bulls don't wanna drop
What's the Good News?
-Well, one could short until 10000...will take some balls, or paws!
-A trend reversal is always looming, the RSI is extremely oversold, flirting below 30
-Targets for the Bulls should that rally come 10900, 11400, 11800
-Breaking the sloping resistance could see us retesting 12300 failure to breach it would see us rinsing and repeating the same old trend
As always Trade Safely, Happy Trading!
Words from the skeptical: Bitcoin is nothing but a Ponzi Scheme for the moonboys, this is not financial advise, I am nothing but a moonboy!
Bitcoin Prices slide as Bart Simpson rears his headIt has come to reports that the prices of Bitcoin have descended below $11,500 this Wednesday. The pattern has taken the shape of the fictional character Bart Simpson's head. The predominant cryptocurrency had gone past $12000 but there was an abrupt descend only hours later from that. It rose high to $12,145 and slid down to $11,438 in that very afternoon.
The unwelcoming pattern of Bart's head, as so it has been named after the fictional character, Bart Simpson. It has, consequently, driven the crypto market to decay.
The crypto industry had to incur a severe market sell-off. It is learned that newly-published research has affirmed that Bitcoin and crypto-currencies have led to the formation of an inverse correlation with the S&P 500.
Nevertheless, it is also being noticed that both stock and crypto markets are in risk now. Bitcoin has come down by 0.55%. the Dow Jones industrial average loses 0.53% and the S and P sliding 0.31% for the day. The profits, it is learned, were to relinquish them in a vicious sell-off only hours later to the gains.
Structure of Bart's head wrecks havoc on the crypto domain
Bitcoin had to suffer a huge loss by the unwelcoming Bart Simpson technical pattern. This pattern is consistently unwelcoming because the price spikes trade sideways and then swerve low to the point of collapse which is its original level.
It has been named the "Bart" formation by the armchair traders as the pattern of lines are reminiscent of the head of Bart Simpson which is analogously spiked.
This is a very rare occasion for the crypto traders but whenever it rears it's head then it is because there are manipulators striving to exploit the market at the expense of retail traders.
This pattern is heavily detrimental to the crypto market and hence intimidating to the operators of the market. The crypto market is operated under strict vigils and therefore, such forebodings are hard to sense and fortunately rare for this very reason.
However, the stalwartz associated with the industry are devising ways to have riddance of such havocs, keeping in mind that no more losses or taints are caused to the market. It is also learned that preventive measures would be taken so that they can out-maneuver every kind of prospective threats. Speculatively, the security on technological terms would be strengthened even more.
News Source: TheCoinRepublic
BTCUSD Unnatural Dump is Matched by Natural Pump!?After the epic 6% dump and pump, yup dump and pump that brought coinbase to its knees for a moment, we are now followed by the actual natural breakout to the upside. We now looking healthy to either slowly descend again or break the sloping resistance towards the next horizontal resistance.
Targets:
-On the upside, 10200, 11100 and 12000
-On the downside, 9300, 9000 and 8500
My take:
We are still looking bearish unless you comfortable trading a squeezed pattern then we could break the sloping resistance and re-test no higher than 9800.
As always, trade Safely, Happy Trading.
A word of ADVICE: This is not Financial ADVICE :)
Bitcoin: even lazy didn't notice this!Well, looks pretty good setup here, bullish Inverted Head & Shoulders on 60 BTCUSD (XBT).
This bullish signal coming from last week, and everybody already noticed it and crypto-usd market look bullish again.
First entry was at 9200$ and second at 10300$. Price remain bullish until breakout from 9989$ and 9300$ as confirmation.
RSI under 40, but means nothing for this moment.
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