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BTCUSD1W

Bitcoin crashed - When and where is the bottom?In my previous idea based on 1 day chart, I've told a case that BTC might down to nearly 3000 USD. In this idea I will explain fully how it is possible. This TA based on weekly chart - The first, look at fibo channel uptrend we can see the price has fully upward movement. When it passed Fib channel 2.0, it was began move to bubble zone. - After fully upward movement, it must be correction. We have 2 step for correction. Step 1: Correction for bubble zone. The price was down from ATH to previous bottom, it's 6000 USD level. This step was took on 2 swing: 1-2, 3-4 on the Elliot waves model. Step 2: Correction for normally up-down zone. It works on 4-5 swing on Elliot waves model. The began of this movement is bottom on March 26, 2017 at 887.59 USD and top off this moving without bubble zone is 11800 USD. Make a Fibo Retracement, we might see fib 0.236 is around 3500 USD. That is confirmed by bottom of the candle on, 21/08, 11/9, 21/09, 25/09 (2017). Now look at the downtrend line 2, we can see it hit support zone at this level price of 3600 USD on around April 30, 2018 . So, what to do now? Please note that you can consult this TA but you have to make he investigate carefully. Do follow my TA also have risk, I'm not always right. But if you decide to use my TA, I recommend to put a pending order at 3700-3900 USD and wait to my update. Thanks and sorry for my bad English.
BITSTAMP:BTCUSDLong
by vh6889
Bitcoin dropped perfectly to our support target, prepare for anoPrice dropped perfectly previously to our major support level. Now we’re seeing major resistance below 14120 (Fibonacci retracement, horizontal overlap resistance, bearish descending resistance) and a possible drop could occur at this level to push price down towards 11258 support (61.8% Fibonacci extension, horizontal swing low support). Stochastic (24,5,3) is seeing multiple resistance around the 94% zone onwards. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITSTAMP:BTCUSDShort
by Tickmill
14
BTC target +237% to $46,000 by Jan-15-2018After the last consolidation period at $7500 when Bitcoin corrected to $5500, we've seen a heavy rally. This rally has peaked at $20,000 before the current consolidation period began and Bitcoin dropped just to $10,000, which is the 61% Fib retracement line from the ATH. The current downtrend on the 1D chart shows a large Bullish Pennant (Green Triangle), which signals an additional rise equal to the last rally (%). Additionally, if you look closer (see my previous TA about Bitcoin to $25k), the current downtrend is actually completing an inverted H&S formation this morning (Christmas Morning). I believe we still may have the $21k rally today, Christmas, followed by a slight correction and continued FOMO to $25k. These $21k and $25k targets will boost confidence in the market. Also keep in mind the Bitcoin CME Futures will only be open 2 days next week (27th and 28th), before they are closed again until January 3rd (New Years Holiday). I believe that traders will see that the correction has happened, the market is healthy and the buy signals are clear and futures will see excellent potential to buy today and rally to $46,000 by January 15th. Also, FOMO should help maintain progress after we've hit the $25k target. The next consolidation period should happen after we hit $46,000 and it may fall as low as $26,000 to the 61% Fib retracement line again. All of this including the next consolidation period will likely happen prior to the end of January 2018. Peak at $46k, consolidate to $26k and start again with more money being injected into the Bitcoin market from CME and CBOE. This upcoming rally will push a great many alt's into 300-700% gains. Be prepared to jump on those opportunities. Watch XVG, XRP, SC and TRX (TRON). They've been showing significant gains, SC maintaining positive growth even during this current consolidation.
BITFINEX:BTCUSDLong
by Tin.Foil
3
Bitcoin dropped strongly, now testing another major supportBuy above 15467. Stop loss at 13901. Take profit at 17945. Reason for the trading strategy (technically): Price has dropped strongly and is now testing major support at 15467 (38.2% long term Fibonacci retracement, 61.8% short term Fibonacci retracement, horizontal overlap support) and we expect an intermediate correction from here to push price up to at least 17945 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major support above 20% where we expect a bounce from. Reason for the trading strategy (fundamentally): We’re seeing Bitcoin drop with investors getting concerned over their network stability and are starting to look towards Bitcoin Cash and Litecoin. Despite this, Bitcoin continues to see strong bullish fundamentals which are in line with the bounce we’re expecting on it today. The latest being Standpoint research forecasting it will trade for $400,000 because of the huge imbalance in supply and demand – 21 million Bitcoin can ever exist in an ever growing number of people who want to get their hands on it.
BITSTAMP:BTCUSDLong
by MEX_Exchange
Bitcoin bouncing nicely, remain bullishBuy above 17541. Stop loss at 16450. Take profit at 20300. Reason for the trading strategy (technically): Price has reversed perfectly as expected dropping to our support area and bouncing as expected. We remain bullish above major support area at 17541 (Multiple Fibonacci retracement, horizontal pullback support, support area) for a further push up to at least 20300 (Multiple Fibonacci extension). First resistance is at 19637 (swing high resistance) to watch out for too. Stochastic (34,5,3) is bouncing nicely off our 20% support and has good upside potential. Reason for the trading strategy (fundamentally): Bitcoin continues to see strong bullish fundamentals which are in line with the bounce we’re expecting on it today. The latest being Standpoint research forecasting it will trade for $400,000 because of the huge imbalance in supply and demand – 21 million Bitcoin can ever exist in an ever growing number of people who want to get their hands on it.
BITSTAMP:BTCUSDLong
by MEX_Exchange
4
BTCUSD look to buy on dips for a push upBuy above 17541. Stop loss at 16450. Take profit at 20300. Reason for the trading strategy (technically): Bitcoin has risen further and is starting to see an intermediate reversal. We expect a drop towards the 17000-18000 area as we look to buy above 17541 (Multiple Fibonacci retracement, horizontal pullback support, support area) for a bounce and a push up to at least 20300 (Multiple Fibonacci extension). First resistance is at 19637 (swing high resistance) to watch out for too. Stochastic (34,5,3) is seeing major support above 20% where we can expect a bounce from. Reason for the trading strategy (fundamentally): Bitcoin continues its strong rise and the latest fundamentals surrounding it is Saxo Bank’s forecast that it will continue to rise during most of 2018 with a target of even $60,000 before a potential collapse. However, the news that the potential of Bitcoin is at $60,000 will drive more speculators to look for good entry prices on this. Hence for today and the coming days, we’ll maintain a bullish bias and look for buying entries at dips.
BITSTAMP:BTCUSDLong
by MEX_Exchange
1
BTCUSD approaching major resistance, prepare to sellSell below 17459. Stop loss at 18770. Take profit at 14739. Reason for the trading strategy (technically): Bitcoin’s price has continued to rise strongly yesterday and we’re seeing it approaching a major resistance area. We look to sell below 17459 resistance (Fibonacci extension, bearish price action, bearish divergence) for a drop towards at least 14739 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 98% and also displays bearish divergence vs price, signalling that a reversal is impending. Reason for the trading strategy (fundamentally): Bitcoin January futures (which are contracts that let investors buy or sell something at a specific price in the future) price are about $17,800 which is rather close to where we forecast major resistance. This is in line with the immediate resistance we’re seeing on the technical side so it would be safe to start looking to short Bitcoin for a correction.
BITSTAMP:BTCUSDShort
by MEX_Exchange
23
BTCUSD look to buy on weaknessBuy above 11887. Stop loss at 10446. Take profit at 15221. Reason for the trading strategy (technically): Bitcoin’s price has continued to rise strongly and it also continues to obey strong technical as seen in our various Fibonacci retracements and projections. The recent swing low that occurred at 12720 was purely a 50% Fibonacci retracement and 100% + 161.8% Fibonacci extension. We are bullish on this and the key question is where to find a good entry level. We look to buy above 11887 support (61.8% Fibonacci retracement, horizontal pullback support) with first key level of support seen at 12116 (100% Fibonacci extension). Our profit target would be at 15221 (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) main support is at 21% and we should expect it to drop towards that level which corresponds to our buy entry. Reason for the trading strategy (fundamentally): While it’s important to find out what is driving the mega climb on Bitcoin, it’s likely that this run is very much fuelled by speculation over value as one of the key points is the stark contrast we’re seeing versus the other major cryptocurrencies. While Bitcoin has been rallying, Ethereum, Ripples and Litecoin were all ranging and some even dropping despite being much better and suited for day-to-day transactions – which is what the whole concept of Bitcoin and Cryptocurrencies are meant to achieve. Hence this shows that the appetite we’re seeing right now is not so much for cryptocurrencies and how they would radically redefine the financial system. Based on this, we can expect further volatility and price to obey much more key technical levels as that is the main area the markets would be looking at especially with a lack of key fundamentals.
BITSTAMP:BTCUSDLong
by MEX_Exchange
BTC Got $10 K as people want, but what after $10 k?BTC Get $10 K as people want but what after $10 k? as we saw last days This $ 10 k was a Psychological barrier many people be careful with it , and some people get panic and sell at the panic candle at 29/11 last month, we were mentioned this panic in our TG channel before coming by 24 H. but now many ask i can rebuy again? i see btc pass 11 k and grow up? it`s $20 k the next? from my side, i expect correction for btc but let us follow the chart . as we saw btc after panic sell last days, recover fast and same thing with other coins. until now btc still under resistance area at $11750 try to break it and go up more so what we will do? if btc break up this levels $11750/$12300 and stay above it for 24 H you can buy from it, your targets at $13700/14300 as next resistance area,if Btc fail and get his correction as we expect.your buy levels is, $7800/$7300 with 15 % Target level is $9000 $5600/5100 with 25% target level is $7300/$9000 the limits for this correction is $ 4600 pass it and close daily/weekly under this levels mean blood days and that will be not a correction that will be a long downtrend. so we are now on the edge with btc, start new levels new cycle of prices,or end it and back to normal prices within reach :) so be careful with your trades, play with your profit don`t join before confirming trade signal, and be sure you know your risk/reward to avoid panic selling. our analysis pass in Demand/supply Zones with other ways capital management is recommended we ask Allah reconcile and repay you can enjoy with check our old charts for btc :) Your feedback is very important to us and we appreciated it
by HamadaMark
41
Bitcoin - 2 Signals point at $9k & $10k targetsInverse head & shoulder is completing, likely tonight. This will be followed by a rise to $9926 or better within the next few days or possibly overnight after the rally begins. Also, black lines denote the current Bull Flag, showing a target at around $9200. Inverse H&S looks stronger and I believe if we actually break $9000 in a rally, we'll be pushing up to touch on $10,000 per Bitcoin. After hitting the $10,000 target, we may see a retrace to my earlier 61% Fibonacci lines, will give us a potential buy price at around $5700, before we bounce back and push beyond $10,000 with a target of $13,000 by Jan-20th. See my earlier 61% Fib lines here:
BITFINEX:BTCUSDLong
by Tin.Foil