We are going to a important moment to bitcoinStrong support at 5900 triangle pattern being formed. Neutral for now. more corrections ahead. waiting to see when we are going to break this formation.
Bitocoin
Death to All retail Traders.Okay community of crypto, many of you are excited about the last uptrend we are seeing in Bitcoin. However if 5800 was the bottom wouldn't you expect higher volume; Major investors putting skin the game? What a great opportunity with the projection of bitcoin to 35k - 50k. The reason is we are still not finish I cannot maintain bias towards one spectrum of the market if we break about 14,000k I would be convinced correction is over. I have to side with that being unlikely. On the weekly chart we have an engulfing candle stick with low volume. I understand many traders will be caught by greed trying to catch the top and the bottom. (think in terms of R:R you are risking .027) This is how most retail traders go back to their 9-5 jobs you blow up your whole portfolio going long with no confirmation pure emotion. If we break about 14,000 with strong volume coming in I am a bull for now its still too much risk to go long term.
Bitcoin Elliott Impulse Wave 5Remember to check your own charts! This can change in a blink of an eye!
bitcoin my projection Hi everyone
so what I see if this pair moving a bit , my projected levels are in orange: I see bitcoin hitting either one of my orange targets and possible bits of condensing in small range :
Overall downtrend as we are looking for areas of support to me the nearest support lies where the double orange is indicated
Bitcoin: Correction.The news background contributed to the breakdown of the level of support. Correction can lead to a decrease in the area of 6000. In the area of 6000 one can consider the option of opening a long position.
BTC correction comingDo you remember when $BTC hit 3K? Any parabolic move comes with a nasty correction/crash. I see this testing the trusty support near the 3250's in a few days.
Short Bitcoin - target 1250Bitcoin reached multiple key resistance levels:
- Channel resistance line through the highs (Jun-2016 to Now)
- 23.6% Fibo extension from Nov-2013 to Jan-2015
- 3.618 Fibo circle extension from Jan-2017 low to Mar-2017 high
Bitcoin is likely to correct short term and could test the 1250 level...
heavy resistance for btc drawn from zero line, and squaring off, btc running into 1x1 line on weekly, a break above, btc goes much higher, but below on weekly we can see 800 btc, 1x1 is 45 degree line, its pivoting up and sequence states that a low will follow
IS GBP A DARK HORSE OF BITCOIN TRADING? BTC price quoted via GBP shows perfect price action at each 0 level. Hey, Brexit is just around the corner!!
