LONG - BTC - Bottom FormingAfter the recent 40% pump, Bitcoin has been slowly melting down to the point that is back at the past trading range of 8ks. We really think that a move up is in due, things just don't go down and we are talking about bitcoin, We are gonna long this dip with layers and hopefully catch the bottom.
Layers: 8011, 7961, 7861
Avg Entry: 7944.5
TP 1: 8298
TP 2: 8454
TP 3: 8714
TP 4: 9148
SL: 7724
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Btc-bottom
ICXBTC Fractals | Potential Bottom Formation! Hello Traders,
Today’s chart update will be on ICXBTC, where potential fractals are playing out. We have local resistance formed, followed by a dump retracing back to the .236 Fibonacci level and dumping again.
ICX may be on the verge of dumping again according to the fractals however we do see bear impulses declining significantly on each dump, could this be the bottom forming?
Points to consider
- Trend bearish on daily
- Resistance at the .50 Fibonacci level
- New trend line acting as local support
- Stochs showing downwards projection
- RSI testing trend line
- EMA’s natural at current time
- Seller getting exhausted
- Volume is declining
ICX is in an interesting position on the chart where there are indictors pointing towards a bottom formation…
The daily trend needs to put in higher lows to change the trend which can be achieved through breaking the .50 Fibonacci level, which is currently being test right now. We have a new trend line being established. This needs to hold otherwise price will be bearish if broken, putting emphasis on the fractals coming to fruition.
The RSI is currently testing its trend line, a hold and respect of this trend line will greatly increase the probability of this being the bottom. The EMA’s is neutral at currently give time, price is trading within it as we don’t have a clear cross and direction.
Most noticeably, IMO, is that these fractals are losing steam as the bear impulses are getting smaller. If price holds and respects the trend line and puts in a higher low,that would be really bullish, a potential local bottom will be in place, however this needs to be confirmed with having an increase in bull volume…
What are your thoughts?
Please leave a like and comment
WTC Triple Bottom (looming accumulation breakout)High vol accumulation pattern w/ triple bottom presented.
BTC - What Now?Dear Traders,
I've posted some other TA about BTC before (which I will link under this Idea) showing a potential reversal point, and BTC indeed reversed very close to my entry. On this daily chart we see that a Bullish Divergence got formed (Price makes a lower low, but RSI makes higher highs), and it got confirmed by more buying volume from the bulls. This looks like a pretty good formation for a potential reversal back to the 5k area.
After that huge Dip, I'm pretty sure we could see such a reversal happening. People don't want to miss out on a ''possible bottom'' trust me.
I see this happening already on the chart, if we look at my Accumulation & Distribution indicator we see higher high forming, with a bullish trend. Might this be the bottom? I'm still skeptical. I want to see some ingredients on the chart before entering this rollercoaster again, so what will I be looking for?
I'd like to see the bulls push this above the resistance line I drew, that would possibly mean that yes, we some good support at this area and people might FOMO in to not miss the bottom.
What are your thoughts?
Feel free to share your opinion in a comment, and if you like my Technical Analysis's, don't hesitate to follow me!
Timing the BTC bottom with Murad, Vinzen & Tone V.MustStopMurad had this analysis where he suggested that the next BTC bottom would be around the 300 MA.
Tone Vays has for a long time compared MA crosses from 2014 with todays MA crosses for estimating how far into the bear market we currently are.
Yesterday when watching Tone Vays video with Vinzent and Willy Woo (first of the recent Thailand videos) Vinzen suggested with the Fib Time Zone (I believe) that the bottom would be between 2020-22. Combining the above two analysis’ which I attempted in the chart actually suggests the same a bottom around 2021 which I found interesting. Estimations of moving averages is drawn by hand so not sure how accurate this will be (and obviously these estimations are also just a predictions so could be completely inaccurate). Would still be very interesting to hear peoples thoughts on this anyways.
Best regards.
BTC Obvious BartThis is the most obvious bart in all of bitcoin history. Dead volume, sudden spike in volume and price, then dead volume and slowly bleeding price with a curving down RSI. Really if you don't understand how this space is manipulated by whales and exchanges to liquidate both shorts and then longs, then you should move over to forex or something.
REVERSAL? Montly INVERTED HAMMER candleWhat's coin on guys?
More and more indicators are showing the bounce is very possible here in this levels, just above 200 MA. You can find divergences on a lot of time frames, including weekly.
Not sure if bounce will happen, but with majority of people convinced we are going down, possibility is greater for me that BTC is about to squeze al short possitions opened.
Wedge breaking up, look for $3650 $BTC resistance #BitcoinAs long as the price holds above 3350 on Bitstamp I think we will see a relief rally to $3650.
There is a distinct possibility that we have put a bottom in for 2018 since the price came so close to the resistance and the $3000 psychological level. Many had predicted a bottom at $3200 as well.
As I mentioned in the related post on the weekly chart linked below:
"The weekly Stochastic RSI , 200-week moving average, high leveraged shorts, horizontal support, and weekly Bollinger Band all indicate that we are coming up on a tradable bottom (at least.)
Having adjusted the Bollinger Band to identify secular periods of euphoria and desperation in the Cryptoshere, it is clear that we are in a rare time of desperation for Bitcoin aficionados. It is in a time like this that the bottom of the 2014 bear market ended. In hindsight, it was the best time to buy BTC before the last bull run.
I believe that in the next week we will see a very tradable bottom and a significant rebound in prices. It is likely that the low of the coming days will also mark the bottom of the 2018 Crypto Bear Market."
BTC's bottom is around 1812$We can see that the big blue triangle was broken at 6k$. This pattern should lead us to 1812$. Moreover 1812$ will be -90% from ATH and as we know btc is usually corrected on 83-93%.
However in short term we could expect a rebound to 5709-6101$ after which one the price will try again to achieve 1812$
Bought some #QKC #QuarkChain - Probable Bottom & reversal?- Price going down along with decreased volume
- Then volume started to rise and price started to finally fight
- Probable bottom found and bought around this levels.
I'm aiming for that taking profit zones and their % relative to my entry point.