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BTCJPY

BTCUSD UpdateTechnical Analysis Hey guys whats up? Let's talk about bitcoin looking bullish? iH&S? will rally go up? let's look it in brief. Last week we saw a little rally which took us too $6700 and we are falling ever since. What I think is we following an zig-zag 5-3-5 correction. Which contain 2 set of impulse(down) and a set of abc(up). We saw the first set of 5 waves couple of days ago u can see that on below screenshot This completed the first 5 waves. After the 5 waves generally we see a abc correction and that's what I'm expecting instead of iH&S another reason for not considering iH&S as my primary count is the volume generally the iH&S is confirmed by volume & volume doesn't confirm in this case. Now let's count abc. I think the abc will be like this After this abc I'm expecting another 5 waves down. which will complete the Y leg of the massive WXY Correction as we say in previous analysis. Now let's talk about indicators and my favorite one is MA. MA 20,50 Are not showing any bullish sign in daily time frame. If we talk about weekly the distance between these two MA is decreasing and may cross soon. Tha's all for now thanks guys for looking into it don't forget to leave a like. I'll keep updating the idea in the threads so don't forget too follow me. Indicator 1. MA(20,50) - Still bearish 2. MA(20,50) - Bearish Conclusion So let's jump to the conclusion, what I think is that the bitcoin is following a 5-3-5 correction which will complete the Y Leg of the WXY Correction and will take us to $5000-$5200 Region Previous Anal ysis The WXY Correction THANK YOU FOR YOUR SUPPORT
BITSTAMP:BTCUSD
by ImSng
7
BTCUSD UpdateTechnical Analysis Hey guys whats up sorry I didn't showed up for long. Now lets talk about bitcoin. Looking bullish and sideways since some days. But is the bottom ? I don't think so bottom hasn't come yet. i think its forming another bear flag and then the correction will complete. The whole correction is WXY Correction or it can also be WXYZ Correction it will be interesting to see. For now my target is somewhere between $4500-$5000 it will be interesting to see. Well thast all for now thanks guys or looking into it don't forget to leave a like. I'll be updating this idea on threads so don't forget to follow me. Thanks you. Indicators 1. MA(Weekly) - The gap between the 20, 50 MA is decreasing and they might cross soon bulls have to defend that. Conclusion Overall The Bitcoin market is mostly bearish and sideways, if u see the volatility in daily frame is at low. The formation of bear flag may take us low that's all for now thank you for your support. "For Every disciplined effort there is a multiple reward." - Jim Roban THANK YOU
BITFINEX:BTCUSD
by ImSng
BTCUSDT Morning Update Technical Analysis Hey Guys! Whats up now lets talk about bitcoin pretty bullish in this week. And forming a beautiful upward pointing triangle(Bearish Pattern). Elliot wave perspective it was under 3-3-5 Correction. It's a flat type of correction in which the two waves are ABC(Impulse Wave Blue), ABC(Correction Red) followed by ABCDE(Impulse Waves Blue). Now lets talk about indicators first of all my favorite MACD we have a beautiful divergence in MACD Hourly charts Also we have bearish divergence in the RSI another popular indicator. What I'm saying is we will break bearish out of this triangle and will correction down to $5100-$5300 region. Thank you guys for looking into don't forget to leave a like. I'll keep updating the idea in the threads so don't forget to follow me. Thank You Indicators 1. MACD - Bearish Divergence in hourly charts 2. RSI - Bearish Signal Conclusion Bitcoin Forming a upward pointing triangle which is a bearish pattern may broke downward to test $5100-$5300 region. Thank You For Your Support Previous Analysis
by im_sng
20
BTCUSD Signals Intriduction What ? U sold Bitcoin ? Cause if u did u might sold the bottom. How ? Price is inside a big triangle and confirms the upcoming bull trend which will take us too $1Mil Not kidding lol First Target near $32,000. I can also be wrong but probably not in case it breaks downwards we might $3k which will be the opportunity to go All In. To go all the way in. Listen u have faced probably a half year in correction don't give up now its the time where things are going to get better. The Real Challenge comes when u get knock down and guess what we already on our knees its time rise and give a K. O. Punch to the bears. Don't loose hope. Technical Analysis It's been a really bad day for crypto so far Bitcoin was down 10% which is huge and affected the alts really badly. The market capital is hovering around $298 Bil. With BTC dominance 39% all indicators turning bearish but my favorite RSI is oversold great opportunity to buy. We may or may not see $3k but I'm bullish for now on. Now let's talk about the pattern a beautiful downward pointing triangle with the last wave just about to complete and it will breakout out soon. In a longer term Bitcoin is currently in the Fourth wave which is a corrective wave which is about to end and the fifth and the final wave will take us to $1 Mil. That's all I'll keep updating ideas in the threads so make sure to follow me and leave a like. Thank You
BITSTAMP:BTCUSDLong
by im_sng
18
Push BTC low to hand out $$$There's so much news telling us that BTC is about to take off and you should buy. Remove the label and analyze your chart. BTCusd- chart indicates a bearish sentiment. As bullish as all altcoins appear to be at the moment, everything will change if BTC takes a swan drive. And the pattern and supporting price action indicated lower lows are likely. There is strong support at 6k although the pattern indicates a low of 4k with 5k yet to be tested. If this should occur, it may lead to a long, slow recovery. Understand who is driving the market. This would allow the larger investors time to prepare their products for the open market. Many altcoins seem to have bottomed and will hold at or near support to hold off the potential storm. Of course, prior to the next massive rally. When you hear the words crash, see the sign that says 'SALE ON NOW'. HODL ON
COINBASE:BTCUSD
by DelorenFX
2
BTCJPY bull action incoming?South Korea country will be easing the tight hold on crypto trading currently in the country. This could be the case in more countries soon which should help bring more investors in the space. We finally have some bullish action today with a bullish engolfing on the daily chart. Of course we still need to wait for the close to consider this candle but it looks possible to close bullish here. Checking the lower timeframes, I would say its healthy if we retrace or consolidate a bit first. It is possible we go sideways from here and travel up to the top of a larger triangle to be drawn from this last low. Even if we do, I would expect some retracements to come in for sure before reaching ~ $8K. The 0.50 and 0.618 fibs which I consider healthy retracements fall on previous structure, the 200 Moving Average is climbing and could provide local support here. As we are definitely not in a bulltrend yet, I am interested to see if we start trending up on the lower 15 min timeframe here. $300 - $500 swings are not out of the ordinary here, stay safe Lets wait and see where we go next :)
by Coinstreet
Why $47,490 Is The Minimum Price Target for Bitcoin By Jan 2019An in depth analysis of Bitcoin shows that not only has its price increased with time, but its rate of increase has increased as well. The above chart demonstrates this analysis and comprises of two types of Bitcoin (BTC) rallies: Rally X and Rally Y. The former comprises of a period of 12 months and is an extended rally whereas the latter comprises of 6.5 months and is a condensed rally. Interestingly enough, Bitcoin (BTC) has made these rallies in an alternating sequence, each time with more vigor and zeal than before. The chart above shows a Rally X at the beginning of 2015. It reaches a high around October 2015 when its RSI level touches the yellow resistance line, recording a 368% price rally. It is pertinent to note here that every rally demonstrated above peaks when RSI touches the yellow resistance line. Similarly, the price reaches a bottom when RSI hits the lower yellow support line. Bitcoin (BTC) records a 128% increase in the form of Rally Y in 6 months from January to July 2016. It is then followed again by a Rally X that records a 538% increase during a period of 12 months from July 2016 to July 2017. Another Rally Y follows after that with a 1022% price increase in duration of 6 months from July 2017 to January 2018. This is followed by another Rally X which has begun during January 2018 and is expected to complete by January 2019. An interesting pattern to note here is that every Rally X and Rally Y has registered an increase with the passage of time. For instance, Rally X during 2017 registered a 170% increase compared to the Rally X in 2015. Similarly, Rally Y between 2017 and 2018 registered an 894% increase compared to Rally Y in 2016. By the same analogy, Rally X between January 2018 and January 2019 is expected to have a price increase of more than 170%. This puts the absolute minimum for Rally X at 708%, which translates into a minimum price of $47,490 for Bitcoin (BTC) by January 2019.
COINBASE:BTCUSDLong
by Jefe
16
The Time to Buy Is Now: Investment For The Next 2 Years Consensus 2018 starts in less than 40 hours. The MACD looks golden for a bullish setup. This is the time to hoard Bitcoin and/or your favorite cryptocurrencies for the next 2 years. I've marked some targets for the next two years that I'm confident will be hit in the next two years. We could reach those levels in 2018 for all I know but I don't like predictions. It is that time of the year again. Last year, just after Consensus, we had a stunning bull run. I think it will be far more vigorous this year. I'll quote one of my favorite quotations here: "It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." ~ George Soros
BITFINEX:BTCUSDLong
by Jefe
19
What does the recent selling climax tell?Disclaimer ***THIS IS NOT AN ADVICE, I AM NOT YOUR FINANCIAL ADVISER*** Most folks are looking at the wrong chart nowadays, if you take a look at coinmarketcap, coinmarketcap.com the 24h volume of bitcoin, adding all that will be $3,343,481,000, versus the volume on BitMEX which is $4,922,600,000. Do you see where I'm going it with? I bet there's a lot of people shorting bitcoin on that recent lower low break around $9,300, a bounce back above would trigger short squeeze and odds are in favor of bulls. My play here is to go margin long here and place my stop loss under 8,700. good risk reward. Disclaimer ***THIS IS NOT AN ADVICE, I AM NOT YOUR FINANCIAL ADVISER***
BITMEX:BTCUSD.PLong
by JoE
6