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Btcprediction

BITCOIN UPDATE!Hey guys, Have been away for a while, but now I am back on track. Bitcoin reached bottom at 6100 USD price range since when we have had a strong bounce to 6700 USD price range. Now, most traders and I myself don't account it as a bounce which would confirm a bullish divergence in the market after a deep correction like this one however there are some bullish signals in the market, such as the declining volume BTC had since its peak at 20k, STOCH RSI is oversold in 1h chart so soon we might see another bounce to 7k zone which would be confirmation of a bull run in the market. However on the 4h chart STOCH RSI is overbought which would lead to the idea that the even if we bounce to 7k zone we should see retracement to 6500 USD. So short term buy now sell at 6950 USD and buy back at 6500 USD price zone. And long term buy as in long term 4-6K USD is a buy in zone. And as I was writing this HAHAHA xD, it already broke the trend of Stoch RSI and the RSI that I have drawn which is another bullish signal. However there is another trend/pattern that is possible, which is the falling wedge pattern after which we should see a bull flag however this pattern can only be confirmed if we break down and find support at 6450 USD price range and bounce back and follow the trend. Good Luck, Traders!
BITSTAMP:BTCUSD
by farhadjafarov7
ETHEREUM SHORT POSITION!The crypto market is facing some drop now.. So it can be good time to short some of your coins/ sell now and buy back later. Ethereum is one of the top coins and my advice for Ethereum holders would be to short by 3.70% and buy back at the price of 0.076 BTC. Some indicators showing a downward movement: STOCH RSI is overbought which is a bearish signal RSI and MACD are showing some downward trend which is a bearish signal Do your stop loss when you see ETH joining the upward trend shown in the graph which is at the price of 0.08029 BTC Good Luck, Traders! Ashanti!
by farhadjafarov7
3
BITCOIN CHOSE THE FIRST SCENARIO!So if you followed my yesterday's update, I talked about two scenarios that could take place and the first scenario which I said I believe is going to take place and that is what happened, the price dropped however I was incorrect with the price that it would drop to, still it was a good price to short at 7700 USD. However my prediction was a drop to 7588 USD and the price has dropped to 7400 USD and is trying to find its support at this area however I think there will be a further drop in the price and it will find its support at 7300 USD price range. The STOCH RSI is showing oversold which is a bullish signal however in my opinion the STOCH RSI will play around this area before going up so the price might fall down and bounce back from 7300 USD to 7800 USD and after we break this resistance that will be a solid confirmation of the next bull run. Good Luck, Traders! Ashanti!
BITFINEX:BTCUSD
by farhadjafarov7
BITCOIN GOODBYE DOWNTREND!So we have exited the retracement channel and are looking for our way up. There are 2 scenarios which I can see from this graph. The STOCH RSI is showing overbought so that is an indicator for downward movement however I think the STOCH RSI will relax till midway where it will hit the bottom of the new upward trend line and there we should see the price moving to next boundary 8400 USD. Another scenario that might happen is that we might break the resistance of 7800 USD now and move to 8200 USD however I don't believe this scenario happening as there are no indicators of upward movement now but if this takes place then we should be looking for a good retracement after we have hit 8200 USD which could bring us down to 7800-7900 USD price range. Lets see which scenario takes place, however m forecast is the first scenario which is that the price should drop down to 7500 USD price range where the STOCH RSI should show oversold and MACD should be getting close indicating an upward movement! Good Luck, Traders! Ashanti
BITFINEX:BTCUSD
by farhadjafarov7
BITCOIN GETTING OUT OF RETRACEMENT WAVES!As stated in my update yesterday Bitcoin had room for downward movement which is what happened today it dropped to 7300 USD price range however the trends have impulses on when going on a bull run which I like using in my analysis (can be seen in my previous charts) so when having a downward pattern, a retracement, it should have impulses which is what I have shown in the chart above, named 'Retracement 1', 'Retracement 2' and 'Retracement 3'. So Bitcoin has broken out of the 'Retracement 1' and dropped down as soon as it hit 'Retracement 2' so it acts as a resistance which is what we saw getting closer to 7600 USD. So the next move should be downward movement to 7100-7200 USD price range where it should hit 'Retracement 1' and rise to test to break the 'Retracement 2' impulse after which we should be moving to test 'Retracement 3' where we should drop and hit 'Retracement 2' where it should act as a support and we should breakout of 'Retracement 3' and be out of correction... My predictions have been coming out about right lately, so I hope this one comes right too.. Good Luck, Traders! Ashanti!
COINBASE:BTCUSD
by farhadjafarov7
2
BITCOIN CORRECTION ALMOST OVER!Bitcoin is continuing its correction and we should be hitting the bullish divergence soon at the price of 6900 USD after which we should see Bitcoin starting its next bull run and this time we should be hitting 11500 USD at wave 1 and this time we will be out of this trend and looking to hit our HTC of 20000 USD and by the end of the year we should be making new HTC. So far we have still not hit the bullish divergence so if you changed your coins to USDT good job! as on my previous updates I have shown a downward trend and recommended to short Bitcoins and we should be hitting our re-buy soon. I have set my re-buy at the price of 6950 USDT as it is looking hard for the price to go down and the bounces can be big so set your re-buys now not to miss the chance. P.S. This is only a trading advice only my members can judge me for my advices! You can use this advice for your own analysis! To become a member email me at farhadjafarov7@gmail.com only 100 Members! Good Luck, Traders!
COINBASE:BTCUSD
by farhadjafarov7
3
BITCOIN WHAT IS NEXT ? The chart above show what Bitcoin has been doing since we have hit our low in February. The first uptrend finished with a retracement making higher low. Since then we have been on the second uptrend channel which started its retracement (retracement 2). However if to look at the Retracement 2, we retraced to 7900 USD price range making the third higher low, however if to draw the trend for Retracement 2 we can see that Bitcoin has left this trend and is looking for its way up again. However I predict to see a pattern which is typical for Forex trading and is called 'Slingshot Reversal Pattern'. to identify this pattern we should identify our support and resistance for now. The resistance which we were not fully capable of breaking was 8600-8700 USD price range and our support is at 8300 USD so we well see price playing between this resistance and support after what we should see downward movement breaking out the support price however this will be a false breakout where the price should hit the Uptrend 2 channel at the price range of 8150-8200 USD and after this we should see the Slingshot and price movement upwards. If this pattern gets confirmed by breaking out the support I would wait till it hits a low price and starts moving up and set my buy at any price higher than 8200 USD as it has to move higher than the support to confirm this trend. In Forex trading, after a Slingshot Reversal Pattern is confirmed the price is expected to move back to the same price range, in other words go back playing between the Support and Resistance however that is not what we expect from Bitcoin because Cryptocurrency trading is not Forex trading. My prediction for Bitcoin during the next days is that we will move down and hit the Uptrend 2 after which we should see Bitcoin moving up with small retracements on its way, and the next price zone where we might see the third retracement should be 10500-12000 USD. Good Luck, Traders! P.S. As not all of my trades are here and I am willing to help more people, my trading ideas for premium users will be coming soon... Website should be ready in couple of weeks. Difference between my premium forum and others is that, I will be giving 5 weekly trades (long term/short term), every premium user will have the chance to ask me for analysis of any 3 coins weekly, online chatroom where premium users can reach to me 24/7, every week analysis on Bitcoin. There will be a limited number of members as I want to help as much people as I can but there is a limit to how much people I can help. The point of this forum will be to guide through this new market which is quite speculative with its whales and bears and all we have to do is follow this pattern to make profit and that is what we are going to do! ASHANTI! "MONEY IS VALUED CAUSE YOU VALUE IT, LONG LIVE BITCOIN"
BITFINEX:BTCUSD
by farhadjafarov7
BTC: The Last Line of Defense (Still Some Short Opportunities)After the selloff from Korea's UPbit Exchange FUD, combined with the further Mt. Gox whale dump, the Consensus 2018 event has given BTC a very small pop which hasn't seen much follow-through. We can see that Bitcoin initially bounced precisely on the white 50 fib/black 618 fib before getting rejected back down by the black 50 fib and prior structure resistance at 8900. Price has since been straddling the median line of the 11-month-old green channel (going back to June 2017). Right now BTC is forming a bear flag with a higher probability of eventually breaking to the downside, so there are still short opportunities here. Many buyers will be stepping in at the 7800 level to play a strong bounce on the white 618 at the bottom of the June uptrend channel. After this, a decent probability of a further drop to the popular 786 fibs exists (both black and white 786 fibs are in the same price zone), which will definitely hold as strong support: this final 7400-7200 level will determine whether the cryptocurrency space will see confidence and activity for the rest of the year, or further selloff into lethargy and a more inactive, prolonged bear market. This is due to the high probability that, should BTC break below the 786 fibs, price will head down to retest the 6k bottom, providing a very high probability of sending the crypto space into the aforementioned bear market scenario. Of course, market makers could push price down there and suddenly send BTC into a surprise bull market, but buyer followthrough on this would be more difficult to sustain along with market confidence due to the bearish engraving this would have already painted in the charts. We'll have to see what happens.
BITFINEX:BTCUSD
by serekamina
3
BTCUSD will the price cross 10k or not ?BTC started recovering in the middle of April and now is crawling up day by day. The price touched $10 000 level and went back. We analyzed the situation and found that there were such situations in various time frames in the past. There are multiple Gartley butterfly patterns that are followed by a decrease when price during consolidation breaks through Ichimoku cloud down. This was repeated twice: the price goes down and forms small double bottoms then recovers back and forming another Gartley butterfly, consolidation before forming second "wing" breaks Ichimoku cloud and people sell BTC making a significant fall. As we can see the price went above Ichimoku cloud and touched Fib 0.618 resistance level then it went down. Everything looks like the pattern should repeat, however this time news background and higher trader confidence may affect the price behavior. There are 2 possible scenarios: 1. There will be the third Gartley butterfly pattern and further decrease to $8 000 zone if the price goes below Ichimoku cloud. 2. If support of Ichimoku cloud around $9 000 holds there will be a bounce and bullish breakthrough to a higher level of trades There is no clear strategy whether to short BTC or go long right now. We should wait till the price bounces from Ichi support or breaks through it. BTC dominance is still very low it is 36.91% so it is better to trade alts now. However there was a period of significant growth so it should be followed by a correction right now. We recommend to wait and buy cheap alts, so when the market will recover again we all will have an excellent profit. All decent coins that should be bought at dip will be posted in the Premium channel only.
COINBASE:BTCUSD
by Skyrexio
Bitcoin: Support is STILL in play [BTC/USD]Moral, mental and physical support is all here to give a helping hand. BUT HOW MUCH OF A HAND? BTC has one more strong safety net before another potential fall- however we are here to analyse the speed that BTC is falling at, and whether the support is strong enough to create a reversal for the coin to continue the prior growth we were seeing. Supports and resistances The key to the BTC chart will always be the support and resistance levels, I have found BTC relatively easy to short and long in the last 2 weeks primarily because of how nicely it has acted between my supports and resistances. We have broke the 10.2k support very firmly, and I think we won't reach this area again anytime soon- the next solid support is around the 9.3k and our last solid area of resistance near here was the 9.7k- and given our current candle it would make sense with the weak support levels approaching we will eventually find this area on a downtrend. 8K, then 6k are our next supports but we are currently in a situation where we are very unlikely to see 6k. (this could change) We officially broke out the ascending triangle on the downside. The next step is then to turn to our indicators and candle patterns to gage what the selling pressure is on the move to the support and if it's currently weakening. Candlestick~ oof. I think this candle speaks for itself, it did get oversold at the 9.3k and recovered a bit (the wick shows us this) but primarily from this long leg down we can quite easily say bearish. EMA~ The EMA's are looking to cross, which can be a very dangerous sign if this does occur, but more cases then not it crosses then crosses again as the 100EMA is a very slowly adjusting indicator given by it's time period. Bearish crosses on both EMA's, usually a really aggressive response to the cross on the 18EMA specifically with bitcoin, which is what happened again. RSI~ Nearly at support, tiny bit more room to move downwards realistically but looks like it'll be at a halt. If it goes through this support we can expect some lows. Currently oversold but we know how it goes with bitcoin where we can dig ourselves deeper into the sub 30 rsi. Wave trend oscillator~ Just had a sharp turn however usually the second wave of a turn has a shorter downwards period, meaning the reversal will be sooner and it is much less likely the downwards resumes past the 9.3k given a touch with the -50 occurs. I do love the wave trend oscillator for shorting BTC but in terms of using it for these disgustingly volatile sell off I don't know how reliable the turn is on it. ADX and DI ~The DI- is so far from the DI+ right now it tells me it will either consolidate or start moving gradually towards it again. The adx is signalling a downtrend is occuring. Conclusion I will only personally be happy if the wave trend turns, the DI- starts coming in and the RSI bounces while heading to the 10.2k before I consider making a long again. I personally believe we will hit the 9.3k and this will where the strong support will be. Next levels after penetrating the 9.3k are the 8 and then the 6 (uh oh). 'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose. If you liked this short post, be sure to follow and like. It really helps out :D ~Xander
BITFINEX:BTCUSD
by XanderCrypto
BTC Taking A Tumble... But Perhaps For Not Too Long!Apologies Folks.. This is what I wrote to two of my friends about 3 hours ago, and I was going to post it here, but BTC just kinda beat me to it.. :-) So this is the scenario playing out right now.. This is what I wrote about 3 hours ago, give or take a little... "Remember this is most likely just the retracement dip after the initial breakout from the upper resistance line in the downtrend channel. If the green $10,500 support line holds, then this may just be the start of a new longer term uptrend channel. Remember it broke through major resistance, then came back down as it always does, hunting for that resistance (now turned support). The only reason it didn't go all the way to $9,800 yet was because of the strong support at $10,400 - $10,500. So if that line holds, price will very likely start rising again, and initiate a new uptrend. If it doesn't hold, then $9,700 will be the next target down, from where it will then definitely start it's new longer term trend upwards" So there it is folks.. my very quick analysis - BTC a little quicker though.. but in the end it played out almost exactly as was expected. On my Chart, the lowest point hit was at about 9,458.00. If the support line holds where it is now, the slow trend upwards should start. Please, this is not trading advice, just my thoughts on the current price action of BTC - Please always do your own research and make wise decisions when trading. Cheers everyone! Hope your day was profitable!
COINBASE:BTCUSDLong
by Jaco-Snyman