Btc2019
When the hype FOMO dies and reality kicks in... BTC $2600!! More of a record of proof for my friends than an idea share but here it is my call for BTC.
I have learnt alot since entering crypto at the top of the bull market and then trying to catch the bottom, I was new to trading after all.
But now my T.A is purely based on major trend analysis, no external bull crap, no getting thrown off by miniature trends rather the focus on the long term.
The hunger for money makes believe stupid things but sometimes we need to take a step back and analyse situations without emotional biases.
I believe this was the last of BTCs main parabolic gains, after this the larger gains will be gradual.
Please share your thoughts and thanks for looking
Price zones of BTC for next 4+ monthsThe charts basically speak for themselves. You can see very clearly when the 200MA becomes resistance in 2018 on the weekly chart and the 50MA becomes resistance on the daily chart . The labels in blue are from the daily chart while red arrows and text are the weekly labels.
We made a golden cross on the daily chart today which means we should of hit the peak price today and everything will be down from today until the 2md golden cross happens on the day chart. The main cause of the downward movement is because of the 200MA on the weekly timeframe being at $4480 and dropping.
In about 3.5 months when the 2nd told cross happens on the daily chart , the 50 & 200 will also almost meet on the weekly, switching the 50MA on the daily back to support from resistance and switching the 200MA on the weekly from resistance to supporting with the resistance removed it's nothing but up for the next 2 years.
The top chart shows the daily chart of how it happened in 2015 and the bottom chart shows the view of the same thing happening now. I don't know how to add a different chart so you will have to switch to weekly on your own to see what the moving averages look like on your own.
We are looking at a fall to $3400 to $4000 range where we will stay for 3 to 4 months if it plays out the same as 2015 time wise it took exactly 2 months for the death cross to happen after the first golden cross that happened today and then 6 weeks from the death cross till the 2nd golden cross which happen when BTC is already halfway up the hill
BTCUSDT Pullback AnalysisBTCUSDT - Binance
Most likely the peak will breakout to around 5220-5200. The Fibonacci level from Breakout Point II to Peak C (0.236) with Fibonacci level from Breakout Point I to Peak C (0.618) at 5200. So it confirms the probable foot of the Peak C will be around 5200. Further testing the Breakout Points with Peaks A and B, I observed a pattern/series with coinciding with Fibonacci levels which allows me to confirm the next foot of the Peak C.
As BTC has shown golden cross, Btc is in uptrend flag rally so 5500 might be a new resistence level.
I believe before a uptrend or a downtrend it will touch around 5200 and then to 4950 if downtrend or 6000 mark if uptrend.
Targets
T1 - 5373
T2 - 5200
T3 - 4950
T - 6000 (If continue to uptrend due to 1. Golden Cross 2. Uptrend Flag)
Contact me - t.me GTCGoodTradeCalls
BTC to 1160 USD then a small increase and then 200-400 USDBTC to 1160 USD then a small increase and then 200-400 USD
Explanation of this graph.Bitcoin shows weakness for growth.So I revised my goals for its possible bottom.In global terms, the cryptography market is emerging and what we see is the current decline is only the second wave in the five-wave growth structure.The first global wave lasted 9.5 years.It reached a maximum in 19891 usd for 1 bitcoin (according to the Coinbase exchange).Then I wait for the fall to the level of 200-400 usd for 1 bitcoin.And only after that we will draw a new trend up to new heights.
BITCOIN and trading strategies by the end of 2018, early 2019BITCOIN and trading strategies by the end of 2018, early 2019
Hello
So, Bitcoin has been validating the final tuning rhythms in Bitcoin's H4 waveform and producing a complex Elliott waveform correction in this time frame. How do you feel?
We - TradePlus team - have been feeling very excited because the market will have the most favorable trading session in October 2018.
We analyze the angles from the Elliott wave and the related aspects:
According to our observation, the correction wave of Bitcoin was formed on December 17, 2017, Bitcoin has made a peak at $ 20,000 on Bitfinex and began to reverse down continuously until today. As in previous reports, we have discounted this area into 3 cycles:
- Cycle 1: Selling off when investors sell off: This zone is extended until February 6, 2015, with a bottom set at $ 6,000. We call this a profitable area.
- Cycle 2: Resale in the short run: After a 70% decline, Bitcoin quickly rebounds in less than a month, peaking at $ 11700 and officially confirming the downtrend. We call this area Fomo with high confidence.
- Cycle 3: Drops in doubtful trading - Contradictory area: The price range diminishes over time from 06.2.2018 to 24.6.2018, and even today. The trading range in the cycle is very short, the profit is low with the Fibonacci Retracement 61.8%, complicated and unpredictable movements lead to panic between buy and sell of investors. We call this period of trading hesitant in the trading mentality of the trader, also known as the gloomy trading area.
Today we would like to propose a new derivative cycle:
In our view, the correction cycle on D of Bitcoin has not ended, which means that the downward trend is still dominant, which is reflected clearly through the candle discount in their trading sessions. Bitcoin also deserves to be the eldest in the Crypto market as each of its movements has caused the market to fluctuate sharply.
We anticipate that Bitcoin will have a one-month short-term rebound from this week to the end of October, with a revised 29.10.2018 turnaround.
We anticipate that Bitcoin will now go through the final drop in this H4, and finish at $ 6345.5 at Bitfinex. Specific developments:
1. Medium-term growth from $ 5345.5 to $ 9082.3: From the week to the end of October, the trading order recommends:
EP: 6345.5 $
TP: 9082.3 $
(Stoploss)
At this stage the market will be excited again, good news released many. We also believe that the Crypto market will rise sharply in the same way as our forecasts. We decided to invest in Crypto this period, especially the large potential technology deals.
2. Long-term reduction by wave D to area $ 3170.4. Our period begins in November 2018 and ends in March 2019. We believe that the market has strong fluctuations, FUD takes place continuously, investors panic. Ending the wave, investors took profit continuously, pushing the price of Bitcoin falling on the short term Fibonacci Extension 61.8%.
The $ 9000 price range is a very sensitive area, and after profit taking we will closely watch and place Stoploss there. And if that's true, we will return to market in early 2019 with a trading order:
EP: 3170 $
After this cycle, we believe that Bitcoin will soon return to the market and grow at its best and turn our $ 35,000 target into reality by 2020. We're all waiting!
The above is our viewpoint trading, you note all the subjective analysis from the writer, be wise and self-trading investors, do not forget stoploss and consider protection account. Do not forget the feeback with us on the transaction results. Please like and share if you like. Wish you good health and successful transactions!
Vietnam, October 2. 2018
Team Trade +