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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
BITCOIN UPDATE!We broke out of the correction trend Bitcoin has started 05/21 however we are still inside the retracement line from 10k so the bull run to 7420 USD this morning was good but we are still in the retracement trend where I still see some room for downward movement but this will be a small downward movement to 7180-7250 USD after which we should be exiting the retracement and start the new bull run which I have shown in my Bitcoin trading idea yesterday. So, traders you can buy now and HODL for the next 2 weeks and have 20-30 % profit or you can wait till it makes its last downward movement and buy it at a cheaper price for more profit, your trade your decision. Good Luck, Traders! Ashanti!
COINBASE:BTCUSD
by farhadjafarov7
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
BITCOIN, WHERE ARE WE NOW? So one of the bad news for the past few days is that Bitcoin has left our trend of MACD Compression (look at previous charts for explanation of this trend) however it looks like it is going back again. When I started looking at the general trend since the correction was over and we were on a Bull run, Bitcoin has really been going up only and the correction we are experiencing for the past days may just be the retracement, wave 2 that we are experiencing which is normal, and if to follow this trend then wave 2 seems to be over and Bitcoin has found its support at the price range of 9400-9500 USD. So, as everyone says we should see the market and the leader of the market Bitcoin going up after the consensus so till the consensus finishes the price will be volatile till it finishes but if the market will be going up after the 4th annual consensus then we might be seeing wave 3 of the bull run. In the 4h chart the Stoch RSI, MACD and other indicators might be showing a bear move however take a look at the 1D chart which shows more trends for long term and with Bitcoin we should be thinking about what the long term trend will look like and in the 1D chart we can see the same indicators showing opposite so long term I am staying bullish so this may be a price to re-buy/buy more and I think we should shortly see the wave 3 starting however this is a decisive moment and during the next week Bitcoin should decide on its next move. Good Luck, Traders!
BITFINEX:BTCUSD
by farhadjafarov7
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 Price Analysis – BTC/USD probably see more $10,000 Key points At the moment, BTC is trading in a positive trend, the slope is much higher than the level at $9500. Based on the four-hour graph of the BTC/USD (data from Bitstamp), a bullish trend is formed with support at $9600. The trend is positive, and there is every chance that the pair will confidently break through $10000. The price of bitcoin is gaining volume at a price above $9500. Expect acceleration above the level of $10,000, and further $10500 in the near future. During the last week, the price of bitcoin traded in a bullish trend, confidently withstanding the support level of 9000. The price moved within the trend slowly and fairly freely passed resistance levels at 9250, 9500 and 9700. Ultimately, bitcoin traded near the level of 10,000 and was 9960. Bulls failed to achieve a breakdown of the level of 10,000, but the dynamics are still positive. Looking at the chart, it seems like the price could accelerate gains above the $10,000 level. Above this last, the next stop for buyers could be $10,800 and $11,000 in the near term. There is an intersection of the MACD signal line, however, the indicator itself is strongly in the bullish zone. StochRSI is on the oversold border at level 20.
BITSTAMP:BTCUSDLong
by Fewcoins
BITCOIN UPDATE, ANOTHER PATTERN POSSIBILITY?As I stopped my trades for Altcoins, I am more concerned about the King of the crypto-currencies Bitcoin. In my post yesterday, I have mentioned that Bitcoin can drop below the weak support of 8700 USD price range and bounce back from the downtrend channel and things can get nasty if it goes inside the downtrend channel however I said I am staying bullish as I don't see Bitcoin going inside the downtrend channel but it is a price to watch. Well, by looking at this new pattern I became more bullish as this pattern does clearly follow the "Cup with Handle Base " pattern if to follow the waves 1-5 shown in black and we should see Bitcoin going sideways for some time after which it will form the cup form by rising to the price it started falling from, 9700 USD price range, where it intersects with the upward trend line and should start forming the handle, wave 4, and retrace and bounce back from Impulse 3, where it should form wave 5 reaching its new high(monthly) 10700 USD price range. Let's see how it goes, I am staying Bullish for now just keeping my eyes on the price when it meets support or resistances however if this "Cup With Handle Base" pattern is followed, I will be super bullish with the market now and a lot of opportunities may be upcoming!! Good luck, traders! Ashanti!
BITFINEX:BTCUSD
by farhadjafarov7
BTC Stuck in a Fib Circle. Sideways movement. 17 APR MovementAs you can see, BTC has been trapped in that section of the the ficb Circle for some time. I expect to touch the RED ARC at some point in the future. If it happens soon, we will be down to 7800. Otherwise, we will have more sideways movements. It might drop to 7600 also, and that would cause it to became a little bit more bearish and a little bit more unstable (volatile). I posted a similar chart 2 days ago and it held up almost perfect. Today I just adjusted the fib circle a bit.
COINBASE:BTCUSD
by reynar
3
BTCUSD Bulls vs Bears. Who's going to winAs it was predicted by our team the price went out of triangle around 23 th March. We expected further growth till Fib 0.618 resistance level, which should be followed by a consolidation and correction wave. In case of completion of this scenario there should be inverse head and shoulders pattern and further growth. However, volume decreased and bears were stronger, the pattern was broken. Currently there are 2 possible scenarios: 1. Psychological support level will be broken, Bollinger Bands contraction will lead to the sharp decline and price will move to the triangle again, Stoch RSI status supports this scenario. However it will be the last time because the price reached a right vertex of the triangle. Most likely that the price will break it upward again and there should be a huge volume increase which will bring the price up. So there are possibilities to short BTC 2. Psychological support level will hold the pressure and Bollinger Bands contraction will lead to significant rise till Fib 0.618 where a consolidation will start which will finish a new inverse H&S pattern. In case of this scenario BTC will reach Fib 0.5 which is around $12 600. Conclusion: Probabilities of scenarios are 60% and 40%, moreover we have already opened a long position, that is why we are neutral to these movements and we are going to hold BTC. Our recommendation: If you like risk and have BTC try to short it, but if you are a risk averse person just hold If you wait till the good moment to enter then just wait till uncertainty will end and the descending triangle which like a magnet pulls the price will be passed. Alt trades are risky now, so be careful, when there will be good trade opportunities we will provide you with profitable signals.
BITFINEX:BTCUSD
by Skyrexio
Very big bottle of Heads & ShouldersI have lost my drawing tablet pen in a recent trip, so until I receive a new one I can only do crappy drawings with the trackpad. But I wanted to get my idea across somehow. Not the end of the world, but no-one likes dandruff right? BTC couldn´t bear it anymore so she went to ABC Mall and got a huge bottle of H&S, The thing had been kept consolidating in her shoulders, and this product should have been the perfect correction to the problem, but guess what? It didn´t work. Now she feels so naive. She realises that the reason why she purchased this is because she saw an advert on TV by one of those so called hair gurus and anal-stylists that claim to have the solution to your problems. She called ABC to complain about the failure. They said that she should invert the H6S before using, that will make it work they said. Bullshit she said. She had already paid for it so tried it anyway. The bottle broke out from the top when she inverted and pressed it, so she turned it around again and then it broke up from the bottom!, WTF! what a mess, there is H&S everywhere! there are a lot more Head & Shoulders inside a head & Shoulders that she would have never thought. there are even H&S inside the H&S that are inside the Head & Shoulders! but still doesn´t work, fractal shit!
BITFINEX:BTCUSDLong
by Bitconiano
1
BTCUSD What will happen next ?A whale purse sold 10.000 BTC yesterday and the price fell dramatically. You can track his activity here: bitinfocharts.com However it was expected that something would happen as soon as Bollinger Bands contracted close to each other. We faced with a dump. The price managed to consolidate a little below Fib 0.786 support level and now it is resistance. Probably it is the most important week in the BTC history as it is going to break the Triangle which was formed due to the largest crypto market crisis. If BTC price breaks the Triangle down for a very long time we will have BTC price around $5000 If BTC price breaks the Triangle upward it will quickly recovers to the previous heights. We think it will manage to go upward from the Triangle and there are several reasons for this: 1. Bullish XABCD pattern has just been formed 2. Stoch RSI and MACD confirms possibilities of growth 3. From the yesterday's dump price consolidated and is growing slowly However there are still some threats: 1. The price is at the edge of the lower Bollinger line. If it breaks down of it then the trend will be descending again. 2. Red line of ichi cloud is above green line which means there is a strong resistance 3. The price is below Fib 0.786 resistance level Conclusion: If the price manages to break Fib 0.786 resistance level which is around $8350 then we will have ascending movement. Combining it with the Bollinger bands indicator means that the price will move from the lower edge to the upper edge of the channel, hence it will head to $11900. This will break the Triangle upward and bring a new wave of growth.
BITFINEX:BTCUSD
by Skyrexio
10