#GOLD vs. #BITCOINIn this chart you see #paxgold / #bitcoin . This charts indicates the power of #xaugold against #btc . Gold has formed an descending pennant and this pattern is commonly ends up with bullish move. And also , gold is now sitting on a major vertical support zone. I expect #xauusd to outperform #bitcoinusd for weeks if this bullish pattern breaks out.
If this breakout works: Gold is a slowly moving instrument, if gold slightly outperforms btc, this may be also so bearish for bitcoin.
NOT FINANCIAL ADVICE. dyor.
BTCPAX
BTC DROP TO 40K OR LOWER BEFORE BLASTHey guys. I don't mean to sound ONLY BEARISH lately but Its just what I see and I am trying to give you all a heads up!
I don't think BTC has the strength at the moment to get above the 49-50K area. I think a drop lower IS MORE LIKELY than blasting above 50K.
For a blast to happen we would need to see a nice increase in volume and I just don't think we're there yet.
So the levels I'm looking for a bounce at are the 43K level, and if that breaks I'm looking at the 38K-41K levels!
IF BTC can close a 4HR candle ABOVE 49,500 then I'd say this IDEA is no longer VALID.
JUST BE CAREFUL! I know A LOT OF PEOPLE are invested in altcoins right now SO ITS EASY TO FORGET ABOUT WATCHING BTC CHART.
BTC ... So what were we saying AGAIN???Evening everyone!!!
Well, here we are - Back at 40K!
It's been a good ride & might I add a predictable one - Steamroller, Supply & Demand and even RSI giving us the green light on multiple timeframes!
Let us know what you think and you think is going to happen in the comments!
BTC vs Fibonacci, The bears are winning!Evening @everyone
My thoughts on BTC, that bounce from 8800 was justified and honestly expected. What it did give me is some validation, off a Lower Low in structure. What I'm looking for right now is some form of continuation for this move, in the form of a LH (Lower High)
I personally am expecting us to return to the scene of the crime of 8800 for a retest of this Demand level.
Ultimately, I don't think this upward trend s sustainable, not after being rejected at Supply and then subsequently not even being able to reach it again.
The 4h looks like it's forming that LH as we speak & the 1D is in the midst of forming a downtrend. With the indicators being where they are, Demand is once again the target and if we do smash through it, you can clearly see what levels we have below it.
Not getting ahead of myself though, we'll see if we hold this level and reassess.
(Demand was drawn on Daily timeframe)
BTC - Are we out of the woods, yet?Now that we have a local higher high, I'm feeling bullish on Bitcoin. However, I know better than to FOMO in. There a couple things that indicate we may not be out of the woods yet. Zoom in closely to the areas I have circled in red and pay attention to the GREY 4 hour 10 MA represented on the weekly chart. I outlined 2 of them with blue triangles to highlight them. Noticed the lower local high on the MA in comparison to the price action. This is a fast moving MA so shouldn't take much for it to reverse. If it reverses from the 9k range that is surely a bullish sign. However, if it plays out the same as it has within the past year, we may see some downside maybe around 7 or 8k. It should become clear within a week or two. Looking at the overall weekly history of bitcoin, we are very bullish at this level if we can maintain it. That's the hard part.
If this post gets 10 likes I will update with my BTC long entry. Thanks!
Pump Bitcoin again next target zone is $11400.00 - $12000.00Pump Bitcoin again next target zone is $11400.00 - $12000.00
Hello everyone. Bitcoin has been flat 3 days, bitcoin is building up strength for further growth. Many people wait correction. Today, having reviewed all the charts, I came to the conclusion that it is more likely that growth will continue, including in altcoins.
What do I expect from the current market?
The following targets for Bitcoin:
Target 1 = $ 11400.00
Target 2 = $ 12000.00 (1.618 FIBO)
More information on Telegram Channel
Bitcoin (Daily Chart BitStamp)
Bitcoin (GBTC on United States Stock)
volumes on third-party services show that the volume for a purchase is greater than for a sale. many were waiting for a correction and I think the market will continue to grow further. Of course, altcoins look better in the future.
BITCOIN LOOKING FOR NEW LOCAL LOWSHello friends! Well Bitcoin is having a tough time staying alive, giving just enough boosts for small hopium addicts to stay in this sustained downtrend while big bags make sneaky exits. Looks like bitcoin bulls missed their chance for any REAL upward movement, as demonstrated by my green arrow. Now facing CRUSHING resistance in the 8k - 8.3k region , but almost equally strong support in the 7.8 - 7.9 region. It’s my prediction that these levels could break to the downside, maybe even significantly so, before we see interest from buyers again. Please leave a like if you agree or found this helpful. Always use proper risk management. And good luck!
Right now we are sitting at support about 7930. I will wait until the top of this bounce (to the best I can) before I place my short. It’s normally a bad idea to short support. Happy trading!
Please join me on my free discord for round table discussion and to follow my daily calls
discord.gg
Disclaimer: I am not a financial advisor and this is not financial advice. For entertainment purposes only.
BTC Sinking shipWell we gave BTC a chance but it just wants to go down. Can't fight it forever, shorting 8170 with tight stop above 8200. BTC sinking ship for short-mid term, click like if you agree. First target 8050, looking for re-entry sub 8k, we'll know when we get there
Please join my discord. It's free! discord.gg
BTC classic setup for reversalWe have a double bottom, higher highs and higher lows on the hourly. When I first began investing I noticed this stair-step pattern that happens before HUGE moves up. Wanted to burn that image into my brain. This might be it. Worldwide demand for BTC is high at this price. For my pattern to be valid we have to go up fairly soon (within the next few days). Sideways is would not be a good sign. The market makers like to keep people guessing , and they've certainly done a good job at that.
Please join me on my free discord!! Pretty good success rate there when I actually do some trades. I try to do just one good trade per day (on most days). Share your charts and trades. I'll make funny memes about you for no charge whatsoever!
discord.gg
Disclaimer: This is not financial advice and I am not a financial advisor.
Pump Bitcoin and Start AltCoin Season! Bitcoin go up.The rapid fall of bitcoin is over. Today is the first day and the beginning of the altcoin season, which usually lasts about 3 months.
Bitcoin Dominance Current situation (Monthly Chart) 2019
Monthly chart (Bitcoin Dominance) = Jan 2016 - March 2016
Good time for buy altcoins ;)
volumes also grow in altcoins and purchases in bitcoin
Bitcoin (BTC/USDT) Global Plan for Bitcoin Next Target is $7500Previous target was completed: $11800.00
Next target $7500.00 (Global Plan Bitcoin)
1) Bitcoin CME Futures
We have one Gap from $8500 - $9000
in 95% of cases, the market usually covers such gaps with the shadow of a candle or the body of a candle.
2) FOMO right now is GREED
Bitfinex Longs and Shorts:
Longs = 76.15%
Shorts = 23.85%
when you see such a picture the market usually goes against the majority!
3) Fear & Greed Index - 64 right now
Last month = 84 (Extreme Greed)
4) China Hang Seng Index (Chart Like Bitcoin ) = ;)
#BTCPAXThe price of the channel and the many patterns;
Resistance and support are specified;
In the case of failure of the blue limits, the red range can be advanced;
Time limit is specified ...
Bitcoin small up trend (For Couple days) maybe target is $11800Bitcoin small up trend (For Couple days) maybe target is $11800
Correction zone 0.618 Fibo: $10130.00
---
If you are trading Bitcoin, my recommendation:
Buy Limit = $10150.00 — $10200.00
Target zone = $11800.00 — $12000.00
Stop Loss / Stop Scenario = $9040.00
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After that i see next moving down and use Global Plan $7000-$7500.
Global Plan (Bitcoin):
What awaits us about Bitcoin?
- The first stage is $8500.00 — $9000.00 (correction is expected to $ 10,000)
- The second stage of testing marks $ 7000.00 — $7500.00 (global U-turn)
- The third stage (50 on 50) overcoming of marks in $6000.00 (panic) (Testing and closing the gap in the GBTC stock market)
---
What about Altcoins:
Good time for BUY :)
Short-term = around +15% — +28% (Couple days)
Long-term = around 200% — 300%
Bitcoin small pump :) for today to $10500 (July 18, 2019)Bitcoin small pump :) for today to $10500 (July 18, 2019)
Exchange: Binance
Time frame: 1 hour
Pattern: Bull flag
Pattern: 1, 2 impulses (same size)
Pattern: Fibo, 0.618 correction.
Target zone: $10400.00 - $10500.00
Yesterday Altcoins began to recover. domination index falls.
Bitcoin (for coming days - Scenario) Target 11300-11500 and ....Bitcoin (for coming days - Scenario) Target 11300-11500 and ....
From Limit orders (Binance) All information i'm provided in Public Telegram Channel and Closed Group
Target is: $11300 - $11500
Next target for down: $9800-$9500
Strong Support:
- $9800.00 (wall) - In Progress
- $9500.00 (wall) - In Progress
Bitcoin from $12000.00 fall to $9000 and $7500?Why i see fall price for Bitcoin?
1) Bitcoin Futures CME:
We have last one gap on the price $8500-$9000
2) Longs/Shorts - Bitfinex
Longs = 68%
Shorts = 32%
3) FOMO
+ Crypto Fear & Greed Index have status EXTREME GREED = 76
4) Bitfinex, Binance
You noticed that as soon as the start of marginal positions on Bitcoin bitcoin occurred with 14k it flew down. In the coming days, start up marginal positions on finance. And it seems that all the people who buy them will be liquidated and the exchanges will earn again, then the news and discussions will begin that we are going to 3k again.
5) China Index Hang Seng (Same chart Bitcoin)
Index outperformed to rise to 0.618 and did the same bitcoin and then fell. The index fell 30 days to a value of 0.236 fibo. If you look at all sides, then this scenario starts to coincide with me and I will wait for the target points and make purchases in two places.
0.236 for Bitcoin is $7100.00
My targets:
1) $9000 = 50% Buy Limit Order
2) $7000-$7500 = 50% Buy Limit Order
Bitcoin a small correction to remove Margin buyers May 31, 2019Bitcoin a small correction to remove Margin buyers (May 31, 2019)
A quick rollback and purchase low major player doesn't want to derail the price. Here rather is the removal of marginal positions of buyers.
- Before that, we had a market overheated purchases of about 70%.
- Now after helicopter 58% of buyers on BitMex.
- In General, it was possible to make a correction and eliminate buyers for a major player.
- We have an upward triangle and according to the rules we have to climb up in percentage terms with the breakdown and consolidation.
When will a major correction is only to guess. I still believe that after this growth, we need a correction of 30% and in the area of $6000.00
This area is around $9500.00-$9600.00
Bitcoin (BTCUSD) Dump from $8000.00 to $6000.00 (May 26, 2019)Bitcoin (BTCUSD) Dump from $8000.00 to $6000.00 (May 26, 2019)
- I wrote all the peak points of the greed index on the chart and it turned out not bad data.
- May 13 we have a record on the index of greed.
- I conclude with greater confidence that the breakdown of the triangle upwards was false, and according to other indicators it shows that growth has been canceled and will go down.
- I reviewed many bloggers on YouTube and one and all talk about bull pennant and breakdown.
- Everyone is convinced about the growth of $10 000 per Bitcoin.
- I dare to assume that, as always, the majority will not be right. I will wait for the fall by 30% of bitcoin to target is $6000.00
Daily Chart:
H4 Chart:
Fear & Greed Index (Today) = 67
I keep all the information on the telegram channel