Small symm. triangle on 2h BTCUSD chart - bullish continuationAfter the last big green candle breakout from the ascending triangle formation with resistance line at 4090-4100 USD, the price action shows short-term oscillation around the 4100 USD level with converging amplitudes.
Probably a continuation pattern for the up-trend. Breakout to occur expectedly within the next hours to the upside. Next Levels: 4350-4450 USD/BTC.
Let's cross fingers ;)
Btcprediction
BTCUSD: Larger Picture shows symm. Triangle formationLooking at the larger picture of the BTC/USD price-breakdown one can see a symmetrical Triangle formation (all time frames).
Trading range is narrowing
Volume gets increasingly lower from Nov 15 to now.
Apex of the Triangle to be reached around Jan 1st, 2019
Breakout direction cannot be ascertained, though a continuation of trend is common for this chart pattern and that would mean headin' south...
BTCUSD: Update on the Great Wall of Bitcoin crumpling. The arrow of blood is nearly fullfilled. As it is nearing the first target of 2700, the waves are finishing with satisfiable closings. What does this mean?
Possible some time to breathe for the friends of BTC ahead, with room to 6500. But only one possibility. The other: Any acceleration under 2700 and we are most likely in the endgame already, with no time left to distribute.
Summary: Could be friendlier up to six months, but next target ist still two digits. And could be endgame already. Sorry.
BTC SCENARIO ! Traders,
Here we have BTCUSD on daily chart.
As we can see, there are too many pattern on this chart.
All of them were true to reverse the price "Harmonic pattern with double top and three H&S: 2 were bearish and one bullish.
We have a bearish one right now.
With a target 3350$ and from there we will update.
Kindly check related ideas and support with like to keep updating.
Regards,
Mohsen
Chances of BTC for stabilizingAll the crypto markets experienced quite a shock with a dramatic sell-off over the weekend, which lead to the BTC prices to go down decisively under $4,000. Lows on November 24 reached $3,795.16 - levels not seen since the end of September 2017, when China's ban on exchanges made prices to drop under $4,000.
At the moment, BTC price has formed a bottom area range from $3700-500, a breach would send price down towards $3000.
The price movements has slowed down over the past two days, the range has been. It is hardly believed that the first cryptocurrency has seen the botton by market cap.
Technically, the near-term bottom that has formed around the $3700-500 range, is vital support.
At the moment, there is a belief that BTC price stopped falling at least for the next 24 hours and my small prediction that it will keep the price in the $ 3800 range more or less.
PeerCoin PPC : A good 3x Profits OpportunityPPC breaks out in a huge move by this 2 days and is testing the first strong resistance at around 25263 sats. After this huge breakout there will be a correction towards point (B) in the chart. Both 50EMA and 89EMA are below the price which are a good indications for an accumulation move. But the accumulation must be done when the correction is done. RSI is at 87 for now and a huge volume poured in by the last 3 days. This signal is for mid to long term investment opportunity.
Accumulation Zone : 17000 sats - 22000 sats
Distribution Zone :
Target 1 : 25263 sats
Target 2 : 33710 sats
Target 3 : 40536 sats
Target 4 : 47362 sats
Target 5 : 57081 sats
Target 6 : 69461 sats
Stop loss : 13500 sats
Good Luck.
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Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
With Regards. TeamTWA.
Smart money accumulation period is over, waiting for the bulls.Here you have our next few days market prediction, We are well experienced group of professionals in the cryptocurrency industry, And our combined strengths gives us the ability to provide a highly accurate predictions.
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One week till the BOOM - BTC/USDTBased on trend lines and market sentiment there are 2 scenarios:
1. Less likely - Bitcoin can go up to 8400 following the uptrend line formed by higher lows
2 More likely - A panic sell may occur leading to drop arround 4500, where the falling wedge resistance is formed
Eather way 8400 is going to be the most stronger resistance for the bulls.
Bitcoin will show us quick jump, squeeze up to $7700 price zone.It's just a matter of time when #Bitcoin will show us final upward movement, we think max price might be $7700 before a big drop in November. Right now we are fluctuating in flat zone which is between $6150 - $6600, there we are around a week. Final upward moment is coming, just be patience, and keep holding long positions.
Subscribe to our channel in telegram for more updates: t.me
@bitconsul team
RDD 1st Target Reached. Still Got So Much Space For Profits.Our yesterday's RDD/BTC call reached even passed our first target in less than 15 hours with a profit of 35.5% so far. As We did stated the volume boosted as expected and showed a good upward move. If it closes above the resistance at 63 sats we can take it as a confirmation for another leg up constructing the 3rd wave towards the major resistance at 84 sats. Congrats for those who profited from our RDD call yesterday. With Regards. Team TWA. For our VIP services you can contact / inbox us here in our tradingview account or through our telegram channel. With Regards. Team TWA.
Entry Zone : 40 sats - 55 sats
Sell Targets :
Target 1 : 63 sats
So far Reached 69 sats.
Total Profits so far : 35.5%
#TogetherWeAccumulate
Bullish Btc 2019 PredictionI just wish to set this as an idea to see what will happen, in a bullish and how long will be right.
Im using trend lines, Elliot waves and Fibonacci.
Those are the mostly right indicators that i have knew this last year with btc.
But still somethings that any indicator will never show: News, Regulations, Crackers, Traps, Whales....
Well, i feel this is a good scenario, and can really happen, but, is impossible to predict the future...
That make sense, lets wait and see.
BTC/USD Analysis ideas Caboomb 01This is what is happening on my point of view as you can see i'm looking for a negative BEAR MARKET as everyone know this is a BULL MARKET at the moment but i need to be negative... Is this just a scary situation about the ETF?
The strong support is in the zone of 7,60- 7,750 the BTC/USD pair looks to get up momentum above 8566.4 ?
BITCOIN UPDATE!BITCOIN REFLECTION FROM THE Y-AXIS!Hello guys,
I have been staying bullish for the whole time lately even though the market corrected and I could hear 5k predictions again but what I see happening is a reversal and it looks like we get a reflection of what we had before when we corrected from 8400-8500 area so now we are on our way back to 8400-8500 area soon where we would be making the cup and start going for the handle..
So far we are staying LONG till 8500...
Good Luck, traders! #moon #mooncommunity
Nearing a topEveryone is looking up so it's time to look the other way.
Yes, we definitely have room for one more move up
But...
1) the why :
We have a double top on stoch --> hidden bearish div
RSI is overbought on the daily, printing a lower low on H4 and H2 -->bearish div
MAcd is doing the same, we have a spike that confirm the count of wave iii on H4, while the daily is still going up, indicate this is a larger wave 3
2)the where :
I drew a red line on macd from previous high, it shouldn't go above that, it's a sell signal when price action reaches it
The top could be located anywhere in the red box, fib 2.618 is the natural target, but wave 3 look like it's extended so it could go higher
I recommend a take-profit with a trailling stop, since the last move will probably a big green candle it's the safest bet to sell near the top, and little chances to be "stop-hunt" there.
For a short entry wait for a break of the channel, with a close below on either h4 or h2
3)the when :
The up-coming daily candle should be bearish, hanging man and bearish engulf are most common on top of wave 3, look for those
4)the what
The second channel is our base and should offer support during wave 4
The blue support line is from the top of wave 1, it shouldn't be overlapped
Wave 2, was sharp, and retraced to fib 0.764, so wave 4 will be sideway and wouldn't retrace more than fib 0.618 or 0.5
RSI will show an entry when it starts to stagnate near the median, in the blue box
Stoch should print a lower low
And Macd to stay positive
Those will be confirmation for re-entry
Happy trading !
Feel free to ask any question :)
comprehensive analysis1) Trend analysis
We have the descending channel of the downtrend
We had the rising channel of the swing high
And we've just established a new base channel
2)Support and resistance
We have tested 480 twice and failed both time, it's the LAST resistance on our way out of the downtrend
We have confirmed 450 as a support, if this level break... Well...
3) Candle patterns
On the first break out attempt, we have a shooting star , visible on H4
On the second a hanging man , visible on H1
And on the daily we are seeing an evening star .
The weekly is showing bullish signs, with a potential, morning star (daily)
4) Indicators
If we look at BTC 2.76% , there was a higher high, but RSI made a lower high, this is a negative sign
ETH didn't make a new high at all, so RSI means nothing here
Macd has been failing to break higher since the first move up, as the arrow point
CMF 0.14% is more positive, on H4 it's been rising since yesterday low
5) Elliott Waves
An easy EW count is the one on this chart BUT i don't like how MACD fell short of making a new high (and confirming this as a wave 3)
A bullish alternative would be 3=i and 4=ii, we went down to fib 0.236 yesterday and that would work better with the indicators
A bearish count would see 1 through 3 as a leading diagonal
An even more bearish count would see it as an ABC
5) Demark Trendlines
I only had upside target up to now, near 520
But i'm starting to have targets to the downside
Break out targets in orange
6) Patterns
Besides the inverted head and shoulders taht everyone must be talking about, all of the above hint to me to think of a triangle
Watch RSI for it's confirmation, it should oscillate within those lines
Conclusion :
To remain bullish I would like to see a triangle (that would confirm the wave 3 theory)
Or a breakout on the next daily candle, that would invalidate the bearish sign (and confirm this as a wave I & ii theory
eliminating the other options1) indicators
we have be making lower high and lower low on both RSI and MACD
this confirm the ED (rising wedge) idea
2) pattern
We have the obvious inverted head and shoulder, it's located right under a supply zone, ideal position for a fakeout setup and a sharp drop
this also confirm the ED idea
3) Trendlines
We are now very far from both baseline, and a touchdown is to be expected
4)Elliott waves
wave 3 is kinda funny looking
not 100% sure that wave 1 isn't part of the downtrend, it is shape like wave i tho
Alternative count 1) would place 3 instead of wave i, we would have an entire wave 5 to come
Alternative count 2) wave iii is instead the top of wave 1
Invalidation of this scenario :
1) The ED breaks to the downside without reaching target 5 and either bounce off the channel or break through and reach the same II target
2) The ED breaks to the upside and reach 7400