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BTCUSD - descending highs from FIBO 718Hello again ! Everything I noticed is drawed in this idea, at 4 hour timeframe. In practice, as BTC -3.79% -4.20% broke above FIBO 718 by 18th January, also started decrease value & failed 5 times, at all highs during way. So at this point, I can extend line and create a blue descending triangle , that I could tracking and follow. I want to see, If Bitcoin -3.79% -4.20% will realy follow this slow downtrend, or is capable to jump from green EMA 1200 acting as an important support, higher to pierce triangle at the top. I personally guess, it will continue below, or do another lower highs above EMA 1200 - of course, again lower. MACD apperas for downtrend too. I would make a longer-term investments. So this chart is dedicated to long-term holders , aiming to buy bottoms. As ussualy, ALTCONS will in major follow leader = Bitcoin -3.79% -4.20% . Easy-said, BTC falling in longer timeframe with smaller bull-runs & we need to get above FIBO 618 to confirm BTC dominance. In longer perspective, I am very bull for CRYPTO projects. That´s all by me. Please, do not trade by my ideas and make your own decisions. If you agree with my chart, leave a like. Sincerly, Mario Emvo. *This is not a financial advice. *Only for educational pursposes.
COINBASE:BTCUSDLong
by EmVi
Bitcoin in a Wedgie, Altcoins could BoomSummary: Hold cash in your trading funds for a breakout to the upside and hold your investment positions. Trading on margin is a fools game in this market it's screaming short squeeze. We have been in a Bulkowski's Descending Broadening Wedge formation for the last 8 days or so. According to the rules for a long term bull market we have touched the bottom of the wedge for the 3rd time at March 30th and that should have been a buy. However I did not buy, since the volume was not supportive of a buy in my opinion. I am also considering Bitcoin to be in a short to mid term bear market with a long term bull market still in place. If you take a look at the ellipse on my chart it highlights what I consider to be a very dangerous area. A cross of the price at the intersection of the line labeled previous downtrend support, the bottom of the descending wedge, and the descending red dotted line of the long term decent would be very bad. If the price were to cross the 4560 area in any case it would be likely that prices could decent to the 3627 quickly and then lower. The RSI wants to go up as well as the MACD. Watch for a breakout over the upper yellow line of the descending wedge. That will be a sign to go on alert for a possible trade. If we should get a breakout above the 7250 range, then the current downtrend should be over and a new trade can be opened. If a trade opens then be watchful of the 60 Period EMA in Red above which is currently around 7557 for strong resistance and a possible pullback. A close above the EMA would be very postitive. When the market breaks to the upside on Bitcoin, I will also add to my alts, top of my list currently are Verge XVG, Lumens XLM, OmiseGo OMG, Dash, Waves, and Golem. All of these are solid projects with good teams and have the ability to quickly rebound by 300% to 500% in price. Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work. All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor. Wishing you success, Isaac `
by 6Shooter
BTC/USD Eyeing The $12000 Strong Confluence Resistance Feb 19 Bitcoin retraced somewhat yesterday on bearish divergence and today it pierced below the daily pivot point at 10600 but is now back up above again with a close. It didn't reach the Kijun sen at 10325 or the channel floor for a test. Also the new Weekly pivot point sits at 9925 just below the channel, today aligned with the daily S1. This level would normally have a pull on price but since we also have the important and untraded Monthly pp within reach the latter seems to have the strongest pull right now. Bulls would like to see price close above the daily R1 at 11100 which would likely propel price to the 12000 level were we have the strong confluence resistance (upper large channel/Monthly pp/Weekly R1/ S/R level and the daily Kumo Cloud) Chances are that price will bounce lower from the 12000 level at a first hit and it could result in the first larger correction since the 6000 bottom, normally to the 61,8 fib or if softer the 78,6 fib of the whole upswing. Overall, price is correcting slightly around 11000 but there still seems to be many buyers stepping in on any minor drop. The bearish divergence could still affect price and we could see further correction below 10250 which would expose the Weekly pp. It is unlikely to see price drop below the important 9500 S/R level before hitting 12000. A first sign of weakness will be the breaching of the minor channel drawn on the chart.
BITSTAMP:BTCUSD
by CapMoore
BTC/USD - 9K Bitcoin - Get Low Get Low!In this video, I highlight what I'm currently seeing in my 4HR charts and the setup I've been watching that's currently playing out. You can see we had a break of a inside uptrend line, which is part of a triangle pattern that played out today. As of right now, we are trending down to target one, which I think will be hit and aligns with a low back on Jan 17th. While I do think target 2 is a possibility, it will be difficult to get there as we will need to see a break of the larger up trend line and a break of a weekly .786 fib zone. Physiologically, I think most who are in the cryptospace see BTC at anything under 9k as a fire and blue light special sale all in one, so as we get lower the buying pressure will likely increase in my opinion. So while target 2 is/should be in play i see it as a hard one to get. I really hope you enjoyed the video... like, share, and comment. I would greatly appreciate it.
BITSTAMP:BTCUSDLong
by Crypto_Sid
1
BTCUSD is gearing for at least 15% to 20% pullbackWe have an overshoot at the top. Too far too fast so I believe BTC will pull back 15-20% from these highs. It may or may not go higher from there depending on whats happening in the crypto space. There is a lot of headline risk lingering regarding fraud that most people are ignoring. (i.e. Tether) The crypto market has to flush out bad cryptos before BTC can real soar. If you agree or disagree hit the follow button and lets figure it out together.
BITSTAMP:BTCUSDShort
by ChartrunnerMan
1