BTCUSD 8/16/19 Market ForcastAnalysis of the daily BTCUSD market. It appears that prices have rebounded off of the 100 EMA . The next major hurdle for a bull market would be for it to close above the 50 EMA. If the the 50 EMA is able to successfully act as a level of support I expect the market to rise to the level of the weekly pivot point around 11600.
Btcbullish
Always 10 steps ahead...Sorry for being such a die-hard bull with my "looking to buy if price goes down" ideas. Evens it out with my "looking to sell if price goes up" die-hard bear.
Well according to brainless BET cultists. Well not really they will call me a "permabear" in both cases.
But according to BTC fanatics IF they had a once of logic in them.
I got a feeling BTC is not going to go as high as I hoped. So I will just short early. If it does go higher I will re-short it so whatever.
I WANT BTC to make a certain pattern but the facts ARE that baggies are in complete complacency and totally oblivious as to what is going to come.
They seemed to have moved past their excitement and are now completely relaxed (a relaxed anus that does not know what is about to come).
"Just relaxing and waiting for BTC to keep going up and make us millionaires".
So I guess it is time for me to post buy areas.
Rince and repeat.
Bull case for BTC if the price goes down:
Uh I hate posting this some thirsty BTC weirdo stalkers are going to feel sexual pleasure from seing lines go up. Yuck.
Maybe I will regret this and stick to only write it, they seem to be illiterate anyway XD.
Bear case:
Pretty sure something like this will happen...
Honestly I do not know if BSV is in accumulation or about to break and go up up up (or it wa all a scam & thx for the money):
Good thing I do not do very long term like the lazy baggies. Imma just get out.
BTC Dominance : Bull VS Bear Run. Who's stronger ?Speclation about BINANCE:BTCUSDT is always confusing for a new comer to understand what is going on in the market ? To be frank, thats make this amazing cryptocurrency a pain in the @ss for traders. You cant predict whats gonna happen next.
From my analysis, I believe there are two possibillities, Bull Run and Bear run
>> BEAR RUN
If the Price breaks down the line then On 1h Chart,
BTC is likely to print Gartley pattern.
Most likely breakout level is around 10890 - 10750 (1.618) , If this level is not tested then it must lie between 10300-10460.
>> BULL RUN
BTC is haeding towards third wave so if bull run is stronger to destroy gartley pattern then it will going up as it is going.
BTC/USD analysis - Short-term bearishA correction to around 8100 for now cause the first high retraced more than 78% and it can be expected for the second high to retrace less than 78%.
Then a gradual move to around 8500 followed by a correction to around 8100 again. if it were to continue to the downside and create lower lows, 7200 is back on the table.
I believe we are about to encounter Wave B of the current trend. I am still bullish in the long-term but I think a correction is due and although many think this correction will come after hitting 9.3-9.6k but I think it has already started. Yes we are gaining bullish momentum right now and the target as per chart is around 8500, but that is the way of wave B!
Remember:
"Wave B: Prices reverse higher, which many see as a resumption of the now long-gone bull market. Those familiar with classical technical analysis may see the peak as the right shoulder of a head and shoulders reversal pattern. The volume during wave B should be lower than in wave A. By this point, fundamentals are probably no longer improving, but they most likely have not yet turned negative."
Why am I not bullish? why don't I consider this as another classic BTC move where it plays around in sup/res for a while and then pumps? it sure did happen while we were in 5000-5800 range and it happened in 7000-8000 range. Both times, when prices dropped to 5000 and 7000, people freaked and shorted only to be rekt by BTC move to the upside. This time, I believe it's different.
I am not bullish on BTC for the moment because alts/BTC are looking bullish. can't be bullish on both of them cause one moves up, the other comes down and vice versa. Alts/BTC are showing strong indications of an upcoming move to the upside, specially in their weekly chart. The last time they had a big move to the upside was when BTC dropped from 8200 to 7100.
9100-9600 completing wave 1 plus more! looking into the weekly PA there should be resistance between 9100-9600. In EW this would complete wave 1. after that we start a ABC correction that could go as low as 5700 this is a wave 2. after that i say welcome Bull. And that Bull will bounce like a crazy MF towards 20K. why? cause wave 3 is the longest and the biggest
BTCUSDT H&S looks like formationAt the 2-hours timeframe we can see a possibility of Head and Shoulders formation. Although it is not a clear H&S all signs further decrease presence at the market as TA indicators are bearish
Overall BTC is still in bullish mood and this decrease can be evaluated as a natural correction. If the price candle at 1-day timeframe manages to close above $7 568 level next few days it will be a positive sign for further bull run. Otherwise we will have a correction till $6 161 level. The negative scenario has the higher probability now
BTC/USD significant move comingAs you see here today the weekly close will happen and if we manage to close above 50 MA weekly that is going to be a significant move. Now do remember the close that we are looking for is the candle body close above this moving average and if we do that it will give us the confidence to say that we have now officially entered the bull market. In a shorter daily time frame what needs to happen in order for $BTC to pull it off I'll be posting a chart after this.
Have a nice day and trade safe!
DYOR its not a financial advice.
BTC Bullish Case!As you see here we see a bull flag which has 70% probability of breaking upwards and in support we have bullish MacD cross as well the target for that can be seen accordingly. This is probable in a short term scenario but if we manage to close 'weekly candle body' above 6700 then we might not be able to see $BTC go back to previous levels. I'll also be posting a bearish case after this, Thanks.
DYOR This is not a financial advice.
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
$BTC showing multiple bullish signs. Up to 20% PPT. Short term.$BTC has been forming adam & eve pattern for last 3 month and pattern is almost completed.
As well there is a clear inverse head & shoulders formation.
However keep in mind that we are still in the bear market until all major resistance lines and levels are broken.
$BTC is approaching almost 1 year long descending resistance line that it will have to break in order to complete these bullish patterns (adam & eve and inverse head & shoulders).
There are few controversial things to consider - bearish divergence, declining volume, 200 weeks MA that acts as resistance and others.
Be very careful with this trade, set up stop loss and do not use high leverage.
It's not a financial advice.
Trade carefully and good luck!
BTC looking for clear skiesAnalysis of BTC/USD
We see printed a huge green candle, breaking past the 200MA. This is a strong indicator of a bullish trend forming.
Two bull flags clearly printed, before stepping above the 200MA. It remains to be seen if it can find support at this range and consolidate above this 4000 level. MACD bullish divergence is also indicative of a reversal. However, RSI is overbought, we should expect a pullback and period of consolidation before trending upwards again towards 4400.
The not so ideal scenario is for BTC to fall back to its 50MA, approx 3600.
Regardless, some key levels to note:
- Stong Support 3200
- Moderate Support 3600
- Resistance 4000
- Target next Resistance 4400