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Bitcoin will falling Wedge?Can we predict what will be happening? The objective of this analysis is to look into the possibilities for bitcoin in a very tight frame and it can be valid as a complementary analysis and study. Tap like if it was helpful and if you enjoy the analysis. Thanks for that. I'm realizing that bitcoin has made a distribution and the correction movement may not be as low as it is spoken away. In the graphics times of 2h and 4h we can clearly see a pennant. But the expected price retraction is close to 27k. So this zoom in I'm now showing is that it may be falling down making a falling wedge. For the price to continue to rise from now on and break this down channel that was formed this week, it is needed to break and confirmed above this POC. This is the decisive point for the next moves that will follow. If it doesn't overcome the POC it gives us the possibility of a short with good targets below. I believe we will not have a trend reversal yet. For now I'm still positive about the longs, but we shouldn't miss a good and clear opportunity for a short. The paths I expect are these two lines plotted in green and the other in yellow.
by livemzavhenrique
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:
BITSTAMP:BTCUSD
by Jay_shree
262
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:
BITSTAMP:BTCUSD
by Jay_shree
269
"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.
GEMINI:BTCUSD
by Trade-Technique
557
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.
BITSTAMP:BTCUSDLong
by mdyassink
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!
COINBASE:BTCUSDShort
by ChartPicasso888
1