Bigger picture of where BTC is goingSome people keep asking me where we go, but the thing is as I previously explained, it is all about probability, no one can be sure on any of the time terms (If people really knew to predict every BTC move they would be very rich and famous in doing so), but my probabilities atm are:
Short term? no one can be sure...
we are in a symmetrical triangle as I showed previously... any break below it or above it will determine the short-mid term mood..
mid term? historical phases (last parabolic run, and the first time we hit 1k+ and had a big correction before the explosion) show that we have still a big correction, also the rise of the current parabolic was due to tether manipulation and exciting bots, also i didn't see real volume buying power, sentimental's aren't really that strong, and in fundamentals the technology is way behind so I don't see any institutions nor adaptation in at-least next 2 years... also if we explode with another parabolic move upwards then the crush is going to be much worst then I expect now, so mid term if we wont create ath, then we will see a 1-5.5-8.2k again (1-3 if tether dies, and 5.5 because we need to reset the current parabolic like we did with the previous, or at-least correct it to 0.7 fib' which is +/- 8.2k)... also excitement, and other values of moon boys give me the same vibes as it was when we got to 18k last time, and when we got to 1k for the first time way before that (both had long term corrections which no one believed could happen)...
long term? I can see Bitcoin between 1-10m$ if the technology matures and succeeds, this is the stable zone for Bitcoin where 1sat = 1cent, when BTC replaces all fiat in the world (Or stays above all of them), when only multi billionaires can hold 1 whole BTC, when all BTC cap can hold all gold in the world and so on...
Hopefully this answers your question..
Things can always change, by this is basically the vision which I hope to see..
Bitcointrend
A clear Trendline Break On BitcoinThis is merely a continuation of the previous analysis which is posted at the bottom of this posting, however, this one is of a shorter time frame, the daily. In this analysis, there is a short term trendline in green which has held for 4 months (approximately) and has exhibited 3 touches, on the fourth, the trendline was broken. In the green oval there is the break and the retest of that trendline, but price was rejected there. This isn't enough for me to state completely that the horn top will play out, however, it gives the horn top on the weekly a greater possibility of occurring. For confirmation of the horn top a break and close below 9600 would need to occur on the weekly. A daily candle which opens and closes below 9600 maybe enough confirmation, depending upon the individuals.
Previous Analysis:
Previous Analysis:
Corresponding Analysis:
BTCUSD about to decide if it goes past 10700 towards 11000Granted current uptrend continues and gets past the extended blue parabolic move line and meeting point of the descending line we about roughly 12hours away from a crucial move that may see us move up towards 11000 again. Chances are still there of being met with resistance and rejection that could see us plunge to the 10500-10000 range again.
As always, Trade Safely, Happy Trading.
IMPORTANT bull trend support for bitcoin at $11,400 This area I have highlighted is HUGE confluence of support or massive breakdown resistance.
Since bull trend is still intact on higher time frame, I am LOGICALLY leaning 80/20 bull support here because EMOTIONALLY I am leaning 80/20 breakdown. And whoever is trying to accumulate a sh!t ton of btc is doing a great job shaking out the weak hands on this historic move up.
1. Parabolic support since 3150 (tourqouise parabola)
2. Bottom of BLUE VALUE CHANNEL!
3. 4 hour 100 EMA support (purple EMA line)
4. descending trendling of major pennat/disjointed angle breakout with target of $14k
BTCUSD - BEAR FLAG PATTERN?In my opinion bitcoin is in an overall BULLMODE. But we need to get a healthy correction back into the buyzone.
At the moment we create a classic bear pattern with a bear flag. A bear flag is a correction in a downtrend.
For me there a no bullish signs at the moment. But in cryptospace everything is possible.
I will wait for lower prices and buy with cost average.
Please leave a like or a comment!
This is not an investment advice, i just want to share my thoughts and strategy with you.
Forever Short BitcoinSure, you may be able to get some small gains upwards, but that next Fibo level will be impossible to break through. Keep in mind, most the analysis you'll see uses extremely short-term charts at the hourly level. I'm still amazed there are still people throwing their money away on this particular crypto while the options for gains are so much better with returns on a percentage level much higher in Litecoin or EOS for example. Just look at the moving averages, RSI, and Stochastic. All are near flashing overbought and that's with this incremental trend up. In brief, I'll short Bitcoin my entire life and feel no guilt on any money I lose in the short-term.
Bitcoin could drop another 34% here's why..Hellow tradingview,
- After almost 1 whole year of trading inside a descending triangle we finally broke out to the downside and hit the 3000$ target with near perfection.
- Now we can see on the chart above Bitcoin could potential form a new descending triangle.
- After a weak correction to the upper side we topped out at 4245$, we formed a bullish pattern and broke out of it. But selling pressure was so high wich resulted in a big drop once again. At this time i am looking for a double bottom around 3150$ more or less.
- I want to point out that the pattern is still not active YET, if we touch the lower trend-line again which is very likely, the pattern becomes active.
- Quick measurement shows us that a target of 2000$ is very possible for Bitcoin
- Pattern becomes invalid if we break above the upper trendline or break below it.
Safe trading!
Still not impress by $BTC…I charted these lines on 9/6/2018, and Bitcoin is following my analysis to a T where it is ranging in this triangle. Ideally I want to see it break out past $7400 with conviction before I start to believe in a long term bull run. Until then, this very well could be a lower high and we could see Bitcoin break the triangle bearish.
How I plan to trade BTCUSD:
Stack buys around $4800-$5200
Buy on breakout if price breaks above $7400. If BTC breaks $7400 I expect a nice run all the way up to $8500.
About me:
I am a professional trader with over thirteen years of trading experience. I am fortunate enough to have had the opportunity to retire at age thirty, and I now trade for pure amusement. I love the crypto community, and would like to further flourish within it by helping any newcomers learn to trade and invest. If you found this chart helpful, please give it a like and follow me on Twitter.
Thank you,
Mike, the OMEGA Trader
Bitcoin The Bigger Picture Oversold Bears Running Out Of Steam Hi all just a quick update i believe we hit the bottom of the support yesterday and could be
looking at a bounce from this level..I've thrown this chart together quickly so we can keep
any eye on the bigger picture, we are still trending in this triangle on the 4hr chart it
looks alot cleaner.Im really busy at the moment programming but i will try and keep
the charts up to date i will also check the EMA 10/21/50 in a post below good luck, I stll
stick to what i have always said we will pick up from now and over the weekend.
I see us going bullish again short term / medium term bullish / long term Vbullish
people are still holding on for the $6k pull back which i find very unlikely and
the time of year we are in, people are still taking their profits and looking for a
place to re buy back in i believe, people are saying where are the buyers some have
been ladder buying on the way back down..
This is my belief we will be bullish over the weekend i would like to see a new re test
for the 9k - 10k region even if we hit $9200 it would break us out of this trending pattern
above..
Time will tell good luck all if you want to help sponsor me my btc and eth address are
below.Also check the news the shills are back out and trying their best to convince
people like last time bitcoin is done for they are absolute full of B$..And i truely
believe people are going to wait until its too late to even buy back in some people
think its going to $5k i doubt that very much..My bearish price was $7600 and $7200
rock bottom this is my own price you should have your own TA that supports where
you are buying in and selling..
Good luck to the bears bulls and the whales the whales are still there looking to get
as much btc as cheap as they can i belive and this is where i think most will miss
the opportunity, it will eventually go bullish and the price will go up so fast it will
leave some big key players out of the market.
====================================
BTC
1LuVYASn75HZeLeKksExKTNwZpF59zXWk7
======================================
ETH
0x6C4aa3B856D167977d39b4AB49aC66D967Edd9F2
EMA CHART BELOW
Bitcoin Btcusd Double Bottom Or Just Support/Resistance $8100Good afternoon everyone hope you are all well and enjoying the weather ok lets get to it I noticed we have a lot of support & resistance at the $8000 - $8100 level as we posted this a few days ago im not sure if we can call this a double bottom but time will tell i need to check other trends and indicators to confirm if we are in fact going to bounce from this we are out of the trending channel a while ago the ema look like crap to be honest, once that cross over happens it was obviously going to go bearish, im just throwing this idea out there i did expect a pullback to $7600 but we went bullish again there was a lot of sideways movement yesterday and low volume towards the end of the day let's see what today brings, i have many charts with many different trend but there not up for sharing i do not want to create fear or even create false hopes.
But we need did warn people yesterday to keep a close eye once we fell out of the trending channel and was confirmed not to be a bear trap it was game over (short term)..You will notice this area is filled with support / resistance looking from past history we put a chart up yesterday showing this area, time will tell the EMA 10, 21 ,50 look like they have crossed on almost all of the time frames although i cant check fully not having pro..But take notice of past times we have bounced from this region it could be ALGORITHMS automatically buying at this price who knows..The amount of shilling and manipulation is only getting
worse not better.
Will update tonight once i have double checked the charts over again. And yes the SHILLS are now posting this past 20 mins all over
youtube Twitter and on here same old crap...And no not every one who disagrees with me or other people are shills they come out
at specific times to install fear.
Accumulation, Supports, and Playing the RangeIt's going to take a few days to reset the indicators on higher time frames and playing this range could be very profitable if your buying the dips and selling the peaks, I've outlined a few of the key areas to look for the breakout depending on exactly how bullish or bearish this correction may be.
Look to buy in the 8600s and sell in short of 9k. If we were to brake the resistence here, then it would be super bullish, so I expect we will fall again.
Look to buy in the 8500s and sell in short of 8900. Although it's possible we break up here, I'm more likely to believe that we correct at least one more time.
Look to buy in the 8400s and sell in short of 8800. This seems like the less bullish but still not bearish place to break and I'll still play this area safe. Although rebuying on a breakout seems smart.
Look to buy in the 8300s and sell in short of 8700. After a few days of resetting indicators I assume the odds of breaking out here are quite a bit better and would be more likely to hold my position but I would sell into weakness knowing we could very well test our recently turned downtrend line to make sure it's support, we have not been testing the lows TA wise so in all honesty it may not happen. Be ready for it though.
If we do fail to break out into new highs, we will test the downtrend line which sits slightly above the 8200 area over a few days of this range and at that point would reset a majority of the indicators which should be a great area to bounce from. This is the most bearish scenario I can see currently and since theoretically we shouldn't feel bearish, I wouldn't hold out too long for this.
At any point in time things could go bad. A long squeeze would put us back into a bearish scenario and more than likely for the entire year. It's possible so make sure to set your stop losses. None the less, I feel the odds of this are slim. Most of the people whom held out for months, people who've recently invested, and the current trends of the past few weeks suggest to me that we are looking to break the 9k area into 10k area at some point to retest the double top around 11k but I'm not permabullish and can suggest that we will eventually fall from some part of that range for a much larger correction.
At this point I don't see us getting a better buy in than the 8200-8300 before the next breakout. If you play the range, you should be able to accumulate some extra BTC before we do that.
Not a financial advisor,
BCG
The Complete Trend Line History of Bitcoin: 2013-2018Just experimenting plotting trend lines using line charts. Starting from 2013 I will update following up to 2018.
Personally, I like this method because it removes the details that candles provide and gives you a straight-forward way to determine important highs and lows.
Let me know what you guys think.
-Wellwastedyouth