BTCUPDATE
to complete wave5 in M30 , I expect an upward move to the itself high 3 years ago and its conquest at 19677
Bitcointrade
Bitcoin is Inside Downtrend Channel Hi everyone,
This is a clear picture about our Bitcoin.
It is inside a Downtrend Channel and the channel is not that big to do great trades, buuuut.
You can short near the U$9400 zone.
Or you can long near the U$8800 zone.
Only quick trades.
You must stop if Bitcoin breaks to any side opposite to your trade.
Altcoins are clearly better than Bitcoin to trade now!
FINANCIAL MOVE CRYPTO
BITCOIN BREAKS RESISTANCE - U$10300 HERE WE GO?HI EVERYONE!
WE JUST BROKE THE DOWNTREND LINE
(I WAS STOPPED OUT FROM MY LONG, BUT, THIS IS THE GAME! WE DON'T PREDICT THE FUTURE, WE MANAGE THE POSSIBILITIES!)
SO, THE TREND NOW IS: LONG
SUPPORTS: U$9400-U$9600.
RESISTANCE ZONE: U$10.000 ; U$10.300 ; U$11.000
STOP: 9290 (LOW RISK FOR THIS LONG)
FINANCIAL MOVE CRYPTO
Bitcoin Intra-day TradeBitcoin Intra day trade
Using 5 Wave pattern, Bitcoin has started its 5 wave and is expected to finish at 9650 levels.
Enter in the trade at current levels of 9420 and exit at 9650. Keep a stop loss at 9200.
Predicted next shifting new value area on BITCOIN.By observation of historical price and value area, I have found that after a specific time of value always shift to new value and price stay there for a while.
For the new value, looking on 9th May 2020 as showed in up and down with the labeled as "NEW".
Yes, Its so hard to predicting next shiftin g value area but its possible by looking at the volume increasing with the price.
I will best try to judge before start to shift new value area for you. If you want Notification at exact time of shifting then LIKE and Follow me .
Thank you:
Last my successful targeted posted idea:
Can you Grab 3000 points move on Bitcoin...?
Present pattern is Parallel Channel .
Bitcoin on the daily chart, we have studied about 3 patterns and each patter is Breakout. Each the breakout are plotted with price moved measurement.
--> Why am talking to you about Chart Pattern & Breakout?
From the above observation about the pattern & breakout it is clear that we get a minimum 3000 points move after the each breakout.
I make you a promise that the upcoming breakout give will you with a perfect direction and time. I will surely put all the profit in your Bag.
Recent my studied on BTCUSD:
"MIRACLE WAVE" on Bitcoin, (Step by Step action 1 to 4)Action 1:
Up-Major Parallel Channel (X)
Down-Minor Parallel Channels (Y) & (Z)
Looking at both channel (Y) and (Z), it turns out that there is a SLIGHT different between it.
Action 2:
Used two Rectangles(i & ii) to measure the movement.
The length & width of both rectangles are the same.
The point where used by rounded black circle has been touched at value low(lower line of Major Channel X )
Action 3:
Applied " Control Price " from labeled "a" to "i"
Action 4:
" MIRACLE WAVE " at 6854 approx. from " Control Price " that is projected.
BTCUSD Excellent Trading Opportunity Within Ascending ChannelAfter the beautiful inverse heads and shoulders pattern played out in what I believe was the bottom and we are not coming back here again, at least not in the near future at least till this ascending channel price movement pattern has played out. Good luck everyone and trade safe always!
There are also other major signals of 50EMA crossing the 100MA and the 12-day weekly average turning bullish very recently about almost the same time as the bottoming out pattern and reversal. Nothing is 100%,always with good risk management for every trade no matter how bullish or how many bullish signals you get.
XBTUSD 15 minute Triangle pattern that could go big!!Checking out this Triangle forming on the 15minute chart. Interesting thing is that we are trading in a decending wedge (1hr)
if a triangle does fully form and breakout then this could mean a good breakthrough to the bottom side of the wedge we're trading within and it would also mean a decent close below a VERY STRONG support line on the 4Hr (Purple line).
I'll be watching this closesly.
BTCUSD Turn your eyes away for 2 minutes a 5minute candle dump!A single swift five minute candle has brought us crashing down $600+ below the critical sloping support which proved too much for bitcoin to climb past right now. Not only that but we now find ourselves beautifully supporting on the sloping Support line and a fall below that could see us easily reach 11000, nothing out of the ordinary here so far as we still in healthy consolidation area.
For those who successfully shorted this drop well done (Special mention to one of our past posts predicting the future like boss: Double Top Rejection...Is this what the Bears need?!)...guess we were on the money :).
That said, Bull Targets:
11400 (we need to trade above this to avoid further drops), 11600, 11800 best case 12000
Bear Targets:
11200, 10900, 10500 worst case 10000
The RSI is looking rather bearish a trend reverse and climb above 50 at least is needed for a rally to the upside.
A wise man once said: Follow your own gut, this is not financial advice!
As always Trade Safely, Happy Trading!
BITCOIN....Time to Re-Test $4,240? H4One sharp drop & everyone gets scared sh*tless! Looks like we have established some kind of support & should re-test the level of resistance $4,240. Before BTC broke out from the Triangle I had predicted there was several bullish news,Could it have been a couple of whales who saw we are close to this resistance and sold to whipe us out by withdrawing 11 Billion??
Let me know your thoughts.
