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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
BITFINEX:BTCUSDLong
by farhadjafarov7
3
BITCOIN - Technically The Good Areas For Trading!Hello dear followers and other TradingView users! I would like to point out one technically good reversal point (bullish) and one confirmation needed the bearish point! Bullish Reversal point consist (green box $7630-$7750): 1. 24.07 we had a breakout from the main trendline almost the last down trendline which was pretty significant and now we start to go and retest this area again. So, like the textbook says: if You see some breakout wait for some retest and You are ready to go! :) 2. 23.07 we break back above the minor trendline (blue) and this green box is located almost perfectly the major and the minor trendline crossing area! Crossing areas are pretty strong areas and there we need some power to push it down if we don't see this power then it's the perfect spot, but that's not all... 3. The trendline crossing area is exactly on the Fibonacci retracement level 62%-70.5%! So we have now three confirmations! 4. Also in this area, we could find the 200EMA , yes if the price goes a little bit sideways then it will be rise but not so significantly that we can't count this as a confirmation! 5. And the last confirmations I put in the same topic because those are not so strong and not so confirmed (a little bit sloppy) but there is a small green trendline with two touches and there is green line exactly on the Fibonacci level! 2in1 resistance becomes a support and the thin green trendline! 6. Little sign is also RSI Divergence but this is so little because this divergence is almost everywhere and does not work very well lately! So, we got 6 price action criteria from this area and if we get also from this area some candlestick patterns then it would be a nice setup! We could see there some bounce but how big that's the question because the whales start to lower the price and they want also jump on the board :) First targets would be then around $8200 Confirmations to confirm bearishness (red box $7410-$7490) we need at least 1h candle close in this area, if we got oue candle close in this area then: 1. We have break the round number area $7500 2. We have break below the main trendlin 3. We are back below the minor trendline 4. We have a break below the small green trendline So, we have a lot of 'breaks below'! First targets would be around $7000 Hopefully this helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment, I like feedbacks! To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;) Thank You very much!
BITFINEX:BTCUSD
by VaidoVeek
30
REALLY?! BTC BREAK THE LAST DOWN TRENDLINE!!Hello everybody! Last two days (even week) are been very bullish for Bitcoin! We have broken through the resistance after the resistance! Now there is the question mark, do the 'big guys' want's to lower the price little bit and jump on the board with all this bullish momentum! In the 1 day chart, You can see that this down trendline was almost the last correct down trendline and at the moment we manage to break through from that! If we continue climbing then I can see that the first resistance are around $8400-$8500 where is also Fibonacci retracement level 62%. Lately, the Bitcoin price has recognized it very well but let's see again I continue to break down this on the update section but at the moment this is pretty hard whales are here and whales playing with us a little game :) Also more than two months ago we touched the 200EMA and now the price is above 200EMA. Yes, the day is not over, the day is just started but still! $8.4k-$8.5k level is also this area where we will meet again over 4 months period with the 200MA so, let's see what this brings to us! At least some interesting times on the market again! To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;) Thank You very much!
BITFINEX:BTCUSD
by VaidoVeek
68
BITCOIN (BTC) IS ON THE STRONG RESISTANCE AREA!!Good morning/evening/afternoon my dear followers and other TradingView users! Finally, I'm back from my vacation and ready to read the Bitcoin chart! After collecting some bearish/bullish criteria we have had a very nice predicted moves from the past and at the moment my "Head & Shoulders" chart starts to gain some popularity but let's jump into the action! Bitcoin has shown a very nice growth in last week (over $1000) and closed below (!) the round number $7500! So, we could see some reaction from this level, actually, we already have a sideways movement from this price level, sideways move to the strong crossing area (strong resistance)! The strong resistance area in numbers would be @ $7680-$7830. "Strong Resistance Area" consists of several different bearish criteria: 1. We have a down trendline since 20.01.2018 and now we are waiting for the fourth touch/bounce or breakout! 2. We have a strong and clean resistance @ $7745 3 . We have a weekly candle close below the round number $7500 4. We have two bearish candlestick patterns from this area in the daily chart (Hammer and Doji) 5. Above the $7745 is the 200EMA waiting for us 6. We have a minor trendline upwards with bounces 7. We have a massive RSI Divergence on the daily chart 8. And if we want to complete almost symmetrical Head and Shoulders pattern then we have to come down and come down at least $7000-$7100 So, here are a lot of bearish confirmations - who have a short-term long (BUY) positions open You have to be VERY CAUTIOUS! In the update section, as usual, I make smaller timeframe updates to get better and faster understanding where the price is heading! To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;) Thank You very much!
BITFINEX:BTCUSD
by VaidoVeek
38
BITCOIN VIDEO UPDATE / JULY 20th / Lambos or Toyota ?Hello everyone, i ran out of time on video (its hard do capture everything). I didn't have time to put elliot wave on impulse but like i said, i dint really use elliots until bullish move up is confirmed. I would have to see strong pass with nice close above yellow resistance line. I think We will see a lot of price action between 7775 and 6700 closing triangle slowly, im still bearish for next months and hoping for great bull run later in late 2019 and/or 2020 Im sitting on my shorts now from 7660 and have 1 more short order sitting at 7775 i will probably start closing shorts at - 7055 - 6860 and build long at support between 6860 and 6700 ill let you know more details once we get closer but thats my plan for shorts now. IF we bounce up from here and go above 7780 there is cluster of resistances, im not planning to put stop loss on this position now, unless i see strong bullish action than i will reevaluate everything and let you guys know. Thanks for support, if you want notifications on my Analysis you can follow me on Twitter @LorenCrypto as always, happy trading and Good Luck !! Take Care !
BITFINEX:BTCUSD
by UnknownUnicorn1091557
14
BITCOIN - 13 FAILED ATTEMPTS TO BREAK THE $6780Hello! Since 25.06.2018 BTC has formed several higher highs and higher lows which in turn has created different chart patterns. At the moment I have drawn in the chart one widening channel upwards (clean and clear higher highs and higher lows) and the "Ascending Triangle" We are a very top of the price range, here is the decision point where we want to go in this week! On the 1h timeframe we have a very strong resistance area at $6780 , at the moment 13 attempts to break this level but no success yet, all attempts are failed! If we look closer those chart patterns - we have mixed patterns on the same price level! There is a little bit sloppy but still "Ascending Triangle" which indicates bullishness and we have a continuation pattern (the bigger trend is down) "Rising Wedge". So, breakout either direction is due to the pattern and the pattern confirms it! In the update section, as usual, I make smaller timeframe updates to get better and faster understanding where the price is heading! To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;) Thank You very much!
BITFINEX:BTCUSD
by VaidoVeek
58
BITCOIN BREAK THE MAIN BIG TRENDLINE!A couple of days ago we had a massive move upwards (correction)! The day ends with an Engulfing candlestick pattern and closes above THE MAIN BIG TRENDLINE sine 17.12.2017 which means we broke the main down-trend at the moment! Right now the BTC price forms a continuation pattern - "Bull Flag" . Bull Flag is supported by EMA's and a resistance area which becomes a support! This resistance/support area is also a restest from W formation breakout trade (Double bottom) - breakout area was $6300 and now we retest it. So, this is the first option to go upwards from here! The second option is at the $6100 level! Recently, the market is very sensitive on Fibonacci levels , especially the main retracement level at 62%! We might see some pullback to $6100 where is our strong green line and also supported with Fibonacci retracement level 62%! Summary: I think that now we see some "green" in the market at least several days, this is very hard to tell was this THE MAIN REVERSAL point or not! If whales want's to lower the price again then they can do it but the whole market sentiment is at the moment bullish and also from TA. perspective! To be continued in the update section below.... PLEASE, don't forget to SHARE this, hit the LIKE and the FOLLOW button if you feel this topic deserves it! That's the best way to support me and help to push this analysis to other users. Best regards!
BITFINEX:BTCUSDLong
by VaidoVeek
125
BTCUSD Short term scenarioA more thorough analysis of the Short term situation is presented on this chart. If BTC manages to break through the resistance of $6500 and consolidate itself higher, then the price will have the opportunity to test the level of $7000. However the more probable opportunity is a slow and small rise after which there will be a decline to the lower edge of Ichimoku cloud. In case of not overcoming resistance to the support range $6100-6000. The next step will be a reduction to the long term critical support around $5600-5900 up from which there will be a gradual rise which was described in the previous analysis
COINBASE:BTCUSDShort
by Skyrexio
BTCUSD Long term scenarioOn the 1-day timeframe chart long term BTC analysis suggests that BTC finally gains strength. There should be a new rally soon, it wont we similar to the previous where BTC was pumped however it will be a gradual rise within months till the middle of the Autumn. It doesn't look like this time BTC will fail again. There are a much more solid technical and fundamental foundation this time. Ichi cloud lines intersection and XABCD pattern with repeated BB contraction suggest that there should be trend reverse. This is confirmed by regular bullish divergence and price movement in the median channel. Nevertheless there are a high possibility of decrease in the short term. On the large timeframe scale it can be seen that the price should go back to the critical support level around $5900. There will be more thorough analysis of short term timeframe chart later. Still there is no guarantee of a great and smooth rally. When it consolidates around support line in the short term there will be new wave of growth which can be accompanied by drawbacks or sharp rises. We have a very strong rally foundation now the only problem is that the market is still not confident to just buy and FOMO again. Trust has been destroyed during two last month of market falls. So there is a big chance BTC will go sideways in the mid term after short term consolidation. Conclusion: current BTC price rise is only upward correction of a downtrend in the short term. The price will move to the mentioned on the chart zone. However according to analysis in the long term the price should move upward after that till Autumn. Moreover in the mid term there is a chance of sideways movement. Breaking $10 000 level will be a strong sign of a new wave of growth which will be confirmed after consolidation around $11 360
COINBASE:BTCUSDLong
by Skyrexio
BITCOIN TAKING THE BLUE PILL!Our hero Bitcoin is at its decisive moment since its making another faling wedge reversal on the 1h chart we should expect a rise to 6700 USD where we will be looking for a retracement to 6500 USD. Why I think the blue pill? Well the general trend is quite bullish and a bull run is expected soon so we should see our hero making a breakout soon and RSI is oversold if to look at general trend (1w chart) so July should be green guys! Only blue pills for this month! Good Luck, Traders!
BITFINEX:BTCUSD
by farhadjafarov7
5
BTC TO 10K, CYCLE JUST STARTED!So if we follow BTC correction trend from 10k to 5.7K it seems as if it has been forming a falling wedge pattern where we should expect a reversal happening as the downward trend is becoming compressed and a falling wedge reversal pattern indicates that the price should move to the price where it was at the top of the wedge which is 10k value however I would expect this run to take as much time as it did for the correction from 10k to this point which means we experienced cycle 1 which was the correction and now it seems as if we are at the start of cycle 2 ( each cycle = 50 days). So to all my HODLERS, buy now as this is a lower price and sell when we reach 10k if the price breaks this resistance then next resistance is 12k so buy back again after we break 10k and sell at 12k. To all my traders of other crypto currencies, a lot trade opportunities are coming up keep your eyes on top altcoins such as ADA, XLM, XRP, ZEC, VTC (very undervalued great opportunity), ETH, IOT, NEO, STRAT (very undervalued great opportunity), XEM, LTC. Good Luck, traders!
BITFINEX:BTCUSD
by farhadjafarov7
WHAAAT...BITCOIN IS BULLISH??!!Goooood morning! BTC made the lowest low since November 2017 . The drop was very quick but luckily I managed to inform right on the time that BTC shows us bearish criterium and sell your alts (because of altcoins follow up with BTC). Now, when we are taken out the two low points in one day 06.02.2018 low $6000 and 13.06.2017 low $6107 the daily candle close was above both of those levels and daily candle looks like a bullish "Pin Bar" This shows for us a little bullish momentum! Remember I said in last week that I don't like that a weekly candle closes was below the current main support area which was $6500 and look what happens on the weekend - massive drop! So, at the moment our weekly candle close was above the main support levels which are a good sign for short-term bullishness! Right now, like You see on the chart, we have a decent harmonic patter "CYPHER" and that tells us we could see a climb to $7300 area but the road to there is very heavy and bumpy! First of all this red trendline is THE MAIN TRENDLINE since 17.12.2017 , if we manage to break this then it would be another bullish sentiment confirmation and after that comes EMA's and the other different strong support areas like $6500 and etc. (those we discuss on the live updates area) Right now I would like to say that my short-term view, if we watch only the price action criteria, is bullish! Don't forget to SHARE this, hit the LIKE and the FOLLOW button if you feel this topic deserves it! That's the best way to support me and help to push this analysis to other users. Best regards!
BITFINEX:BTCUSDLong
by VaidoVeek
75
Traders get bored. But what about whales?Wyckoff introduces us to the factors of how a ‘wild’ or volatile market thus winds down to an equilibrium (or balance) level between buyers and sellers, and in this time, many traders get bored (look at how Volume is declining). However, once the balance is disrupted, one side of the market gets squeezed as the other jumps in, creating a breakout or range expansion move. This type of logic then gives rise to breakout trading strategies – markets in clear equilibrium tend to eject in an impulse move OUT of that stable condition. I mean BTC has to stay above the equilibrium, otherwise, it will go to $6300 and maybe more. So what do you think? Will it break out the downtrend channel or break down the triangle?
COINBASE:BTCUSD
by taylor.ranny
BITCOIN SHOWS US THE BULLISH PRICE ACTION!!Yesterday I said that Candle close above $6500 would confirm bullish price action! - and the 7th attempt was successful to break this level in the 1h chart! After the breakout whales push the price back down to $6320 level to sort out tight stop traders and then price quickly pops up our mentioned resistance which was $6650. At the moment we could see on the chart that HH & HL formations are clean and the price moves nicely on the upwards channel! Before we go and climb up to the next resistance level ($6900-$7000) we could 'want' to retest the round number $6500 and definitely have to fight through from $6670! But, IF the price breaks through the support level $6500 then we might go and retest $6100-$6300. I thinking that bulls are on the market at the moment and ready to climb a little bit more, so let's see what the market offers to us! To be continued.... Leave a comment and hit the LIKE button if You agree with me!!
BITFINEX:BTCUSDLong
by VaidoVeek
15
BTC UPDATE!We left the falling wedge after coming close with the base so a reversal to the start of the wedge is expected which would be 6700 USD price range where if we break 6800 USD resistance we should move to 7k area. Some indicators: Stoch RSI oversold bullish signal Confirmed the falling wedge reversal with the bounce and expected rise to the top Declining volume over long term, breakout anywhere nearby Bitcoin corrections are not called corrections but are its accumulation phases for the next big breakout, even if we break to 4800 USD area this is not crash, one thing you should keep in mind is its real long term trend since its price less than 1$ and if to look at that trend its bottom can reach till 4000 USD area and even if a trend is broken, the technology Bitcoin bring to the money management world is so far unique and the technology can never be crashed and will always find its value as innovations are the most valuable assets in this era. My next graph will not be crypto but will be about a company which has had fall more than BTC ever had but never called a crash and is one of the world leading tech (even more than tech now) companies now so there you go technology sooner or later finds its value. Good Luck, Traders!
BITFINEX:BTCUSD
by farhadjafarov7
2
BTCUSD - Bitcoin Price Forecast > 10500$BTCUSD - Bitcoin Price Forecast > 10500$. I think we found the bottom and now we will have some steady impuls triggered by this false break we are facing now. This will lead us to 10500$-12000$-14500$-16500$ during the summer and maybe new ATH this years winter. WARNING: There might be some small and healthy corrections all the way up to the top - do not be afraid and panic sell. Important levels to watch: 8500 10500 12000 14500 16500
Long
by UnknownUnicorn1060835
BTC UpdateBTC 15 min chart gives us again mixed signs and mixed price action patterns. At the moment we are in "Rising Wedge" continuation pattern (down). Above we have a very strong area where we'd need a strong bullish candle to push through. However there is a problem - we lack buyers. If some whales decide to push BTC price up, only then we could break through that level. A small bullish sign is Ascending Triangle (blue area) that we broke out of and now we are testing this triangle resistance line. Let's see what we could get from this pattern (15min chart patterns do not work so strongly as higher timeframe patterns) so if we want to be bullish we have to watch price area between $6640-$6680 The Bearish sign is following the trend on the continuation pattern "Rising Wedge" and the trend is down at the moment, so if we break downwards from the bottom blue line then we have to watch our support level @ $6450-$6500! If we break this then we have bearish confirmation and probably the next support would be $6200-$6300 before the big $6000
BITFINEX:BTCUSD
by VaidoVeek
3
BITCOIN PLAYIN OR REALLY DEAD?!Well, I have been a really bullish trader lately which did not go well.. So what happened yesterday, we dropped from 7600 USD to 6700 USD WHY? All indicators and patterns showing upward movement but it drops more than 10 %. Remember our bullish divergence line? Looking at this trend we should have hit 6900 USD in this correction however we stopped at 6900 USD and once we didn't hit that as the bounce and support was too strong, Bitcoin was looking its way to hit this support so when it started dropping yesterday to hit the support line the support at this price was not too strong as people are tired of waiting this has been a correction of 6 month since we hit 20k value so the support was broken in a matter of second with bears in the market. And now we should be looking to hit 6500 USD as our support making a double bottom at this value. So, my support is 6500 USD now, even though there are indicators in the market showing a bullish signal. How big will the bounce be? Well at least 6800 USD. In general/long-term trend I stay bullish as this is a really undervalued price for Bitcoin with indicators showing upward movement, and it should really be done with its ABCDE correction. What a correction guys... Good Luck, Traders!
BITFINEX:BTCUSD
by farhadjafarov7
4
BTCUSD strategy in JuneThe price touched the lower edge of ascending channel and can break it down. It should move lower to the Ichi clouds zone which will be a support level around $7430. The volume is decreasing and indicators become bearish. The formation can be interpreted as an ascending wedge, which indicates the emergence of prerequisites for the upcoming downward movement. The probability of further growth is low, the price can touch $7800 as it is in oversold zone but then there will be a decrease to the support zone. Conclusion: It is better to wait and track BTC price as it affects the whole crypto market. It is too risky to open any deals especially with alts. We just need to wait when BTC stop fluctuations and will provide an opportunity to earn stable and high profit. Currently trades with BTC or alts are rick/reward unfavorable, people panic sell everything and dumping BTC and alts price. We will wait and buy strong and cheap alts and BTC to earn super profits, we will provide you with new signals and trade ideas as soon as possible
COINBASE:BTCUSD
by Skyrexio
1
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