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Bullbreak

Bitcoin/ USD (BITUSD)From the chart, it is clear that we are in wave (3) of a major degree and currently in wave 1 of wave (3). I believe wave 1 may conclude near the 100% or 123.6% levels, which are marked on the chart. As it has already breached the 61.8% level, it looks likely to cover the range of 100% to 123.6% in general. Then, we may see a retracement for wave 2 of a minor degree within wave 3 of the major degree. Disclaimer : This analysis is for educational purposes only and does not constitute a buy or sell recommendation.
BITSTAMP:BTCUSD
by imkhushal
SHIBarmy! The BULLS are marching from 7575 to 10000! We have chart conformation that the SHIB pump is alive and strong. Charts shows that SHIB is possibly more than a smoke and mirror. After all, SHIB was modelled after our Queen Ethereum while DOGe is from the King's side. DOGe is the boy SHIB is the girl And if she's from the west, she's probably far LEFT and lesbian! LOL JUST KIDDING! I DON'T want to hear from friends and family about my clowning around when I'm focussed on a freaking lucrative parade! Let's have some FUN! Bring your doggies DOGe, SHIB and some LOVE POTION with a small magical jar of SLP - Smooth Love Potion.
Long
by UnknownUnicorn2413721
7
Bulls never lost controlIn the first box, you can see Bulls needed a few weeks to make their move. The Bears needed many months trying to push for a 100% retraction that never comes. In the second box, you can see the same pattern. This time the falling wedge is way bigger than the first. Bullish divergence on volume (in billions), you can check it out on OBV - On Balance Volume. We also have an ascending channel with higher highs and higher lows. If you liked, hit the thumbs up and share! Thank you!!!
Long
by Wusten
1
BTC Update! Equilibrium Bull Break!And heres what we have been watching and waiting for! When these patterns tighten and people start piling in and then anyone just watching the order book as we approached back towards $8175 to get an insane bull volume and popped extremely fast to $8700's. I do expect some profit taking from many who trade these patterns here so may see some quick swings but overall trade setup and pattern worked very well. Pullback this morning towards 12 EMA on daily to perfection. It happened faster than I anticipated and thought we may bounce around for 1-2 more days trying to find a higher low but bulls jumped quickly here. Happy Dance! Happy Memorial Day! Happy Trading! Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
BAMM - Bullish Momentum, after cracking mid 80c resistanceUpdated: After a strong close to the week on Friday, Monday saw a battle against long standing sellers, viewing Lv2 over the past few months there were large asks stacked from $0.80 all the way up to $1.00, these asks totalled near 1 million shares. This made an extremely heavy resistance zone, however after 6 full trading days around $0.80 the Seller capitulated and had enough liquidity to exit their position in the low 80c range, this was a strong testament to the bulls here and weakness from the seller. Today had decreased volume but with little resistance left and seemingly less reason to sell at these levels the price broke out above the 90c level for the first time in nearly 4 months (December 6, 2018). In my opinion this strength lends to the ability for BAMM to continue its momentum push upward, being currently valued ~$66 million dollars, Body and Mind had a buy out offer 15 months ago from TGIF aka 1933 Industries valuing them at ~$115 million, with significant business growth in the same time period, a share price target of $2.00 would get them to a little more than that $115 million dollar market capitalization, but warranted given the growth. Financials were posted yesterday on Sedar, and demonstrated 303% YoY growth in Gross Revenue for 6 months ending January 31,2019 and 44% YoY growth in Gross Revenue for 3 months ending January 31, 2019. These financials show great growth, however do not yet capture their new dispensary in Ohio, the Clubhouse which opened February 20th and sold out first day, showing the demand. Nor can it include yet the revenue from their investment in GLDH - ShowGrow which is a Highly profitable private group of 4 dispensaries in California and Nevada, but not fully rolled into the company as of yet. The next 6 months should get really exciting revenue wise and could make this a great entry for the next 6+ months Original Post: After a 3 month long consolidation with-in a pennant US Multi State operator, Body and Mind: BAMM:CSE or BMMJ:OTC has broken out bullish with increasing volume and price CSE:BAMM . Fundamentals of the company are strong, with significant operational growth in the past 2 quarters. Financials are due out soon and should begin to reflect the growth in operations. With backing from Australis: AUSA:CSE, this could be a great long entry for a Small Cap MSO that has big growth potential in California, Nevada, Ohio and now Arkansas.
CSE:BAMMLong
by justin_paul
1
BAMM - Volume Precedes Price After breaking out of PennantAfter a 3 month long consolidation with-in a pennant US Multi State operator, Body and Mind: BAMM:CSE or BMMJ:OTC has broken out bullish with increasing volume and price CSE:BAMM . Fundamentals of the company are strong, with significant operational growth in the past 2 quarters. financials are due out soon and should begin to reflect the growth in operations. With backing from Australis: AUSA:CSE, this could be a great long entry for a Small Cap MSO that has big growth potential in California, Nevada, Ohio and now Arkansas.
CSE:BAMMLong
by justin_paul
1
BTC Update! Bull break and now watch for continuation!Welcome back bulls. Yesterdays chart I spoke about watching the tightening pattern as BTC was in an equilibrium. I had personally entered an LTC position recognizing using the lows as a stop loss gave me a risk of less than 1% on my position and was hopeful for a 4-5% ideally on a bull break up. We got that and then some with LTC as BTC broke out bullish. We wanted to see volume and the big green candlestick and bulls have given us that. Bulls broke through all 3 of the prior resistance levels I had laid out yesterday (3657, 3667 and 3711) and topped out currently at $3766 for this move. % wise for BTC nothing crazy but bulls comfortably in a position, some brief consolidation today and another leg up allows for all the bulls to safely stay in position if they choose without risking a loss on the trade. For me personally, I was sleeping when the move happened so did not exit any of my LTC trade which at its peak ($33.15) was about a 10% move for my personal trade. I've moved my SL up now just to guarantee a positive trade in case bulls do not give continuation. Otherwise, I'll comfortably wait and see if we get continuation today or by tomorrow for our next leg up and can ride stop losses up higher as bulls establish higher lows or scale out of some position as the bulls run. Overall a pretty straight forward setup from yesterday we were watching and expecting LTC to give the better % gains. For BTC, $3580 is our higher low to currently hold and ideally want to see bulls go nowhere near there before they get another leg up. They need to start building the higher lows and higher highs now and stair step back up for this to give some more significant momentum to the bulls. EMAs on 4 hour also gave us a bull cross for first time in about 2 weeks so hopefully the bulls can maintain that. Good luck with those trading, bulls still have a lot of work to do to prove themselves but happy the charts continue to give safe trades even in this market. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
BTC Update! Bulls make the break! Can they see continuation? Welcome back bulls. Fantastic day yesterday for the bulls and will go into details on my personal trades shortly. Last chart I was hopeful $3567 would be the higher low for the bulls as it was an extremely healthy spot for one. Anyone playing Fibonacci lines, this also landed on a Fib line. Bulls saw a nice 11% move fairly quickly yesterday to get them up to $3972. This of course is a lower high compared to our prior high at $4239. Watching to see if bulls can consolidate here and get their next leg up. $3840 is the low BTC just fell to so will see if that holds or do the bears take back control and start pushing price back down lower? Bulls got back above the EMA resistance and saw the EMAs cross over bullishly but they need to hold these as support in my opinion. EMAs will catch back up to price action this weekend so same as always, watching for red flags of loss of support, lower highs and lower lows on hourly and 4 hour charts, spikes in bear volume along 15 min to hourly time frames. Personal trade. ETH! Yes, I played ETH over BTC simply for higher % returns and I happened to be sitting at computer well before the bull break took off and it was a low risk entry. I was watching on smaller time frames shortly after last chart post on Thursday and decided to go ahead and take a partial position on ETH and utilize the low of $112.26 as a stop loss. This gave me an average entry at $114.53 from my couple of buys and allowed for stop loss less than 2% away. What happened next was certainly not expected with such a strong bounce. But I held position overnight Thursday and then Friday morning we saw the bulls take off. I was not at a computer at the time of the bull break which in hindsight was a positive as it kept me in position far longer to see more profits. I finally exited partial position at $138 for a 20% gain and then just got stopped out in the $132's for remainder of position this morning for 15-16% gain. This does put me back to all cash from the ETH trade and I'm perfectly happy with it since it was a significant bull move. I typically do not take on a trade in this scenario where I am somewhat fishing for a bottom but after watching ETH dump so much from its high 3 days prior (about 30% fall) and recognizing BTC was at a nice spot as well to see its bounce start, decided to take on the entry and recognized I could easily get stopped out but would only be a 2% loss. In addition to ETH, I did make a small alt coin trade on ONT over on Binance and have profit taken about 25% and riding a stop loss on remainder which surprisingly was not stopped out yet so will let the remainder ride with that. Won't go into detail here on it but sitting on a nice 10% move or so currently. I am off to enjoy football games today so likely away from any trading for the weekend unless we see some very low risk entries which currently I am not expecting and more hopeful we see a slow and sideways weekend. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
BTC Update! Bulls FINALLY Show Up!Well we never saw a very tight equilibrium I was hoping for on 4 hour but we did break to higher highs on 4 hour. I personally entered at $3770 (originally thinking 3763 would be the high to beat but realistically 3800 became that level). All in all worked out fine as the bulls finally saw continuation. I have now scaled out of 80% of my position and locked up excellent profits for the trade. Remaining 20% I'll let ride out a while. This bounce is basically the daily charts bounce playing out which still has a ton of space to the upside and would still be another daily lower high. Daily charts resistance is up at $5665 so pretty confident in a lower high coming, just a matter of when. So I am looking more at 4 hour and recognizing it is getting over extended and needs consolidation soon. Resistances include $4370, 4589, 4628, and 4759 upcoming. But with 4 hour RSI approaching over bought, I am expecting a pullback sooner rather than later and may reload to my remaining position. We could certainly see some continuation on daily chart over this week but I still prefer to lock up my profits as 10-15% in a day is not something I care to give much back on. Hourly has continued given higher lows as well with its support down at $4133 and then $3952. Those could be potential stop loss areas for anyone wanting to try and ride things higher but also protecting profits. As higher lows set, just creep that stop up to the next level. Lots of different ways to play this trade due to the lack of resistance on many time frames secondary to the hard initial drop off we had. However one plays it, I prefer to always protect profits, I can always re-enter later regardless of price but still feel just fine knowing I've locked in some nice profits already. Lets see if bulls have some more to the upside before 4 hour begins its consolidation! Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
BTC Update! Bull breakout we were eyeing comes through! Well jumping off last couple of charts. Two charts ago we were expecting a high probability of all 4 of our lower supports to crash together and we saw that with BTC bottoming to $6106. With that same crazy hour or two candle span, we ran up to $6511 to establish a 4th resistance point in the $6500's as well. Last chart I spoke about the positive being similar to the bear side where they would crash all the supports and give us the strong spike down that now the bulls would be seeking to crash through all the resistances in $6500s at the same time to give us a bull break up. And over night we saw that with bulls first cracking $6511 and then double topping at $6530 before eventually pushing through there, $6565 and $6580 to break out quickly to $6738. We were also watching the BTCUSDSHORTS chart to see if shorts would have to start covering. The shorts gave their clue they may be giving bulls the space to run as they did start covering positions hours before the bulls really showed up so unfortunately did not get much of a true short squeeze in my opinion. We are now seeing some sideways healthy consolidation as the bulls will seek to make another leg up as they cool off some RSIs on lower time frames. We established $6337 as our nearest support now and $6106 below that. We have to zoom out towards daily chart now to see where our resistance is and daily chart still has a lot of work but the bulls were able to get above EMA resistance and currently rejected off 100 MA. I personally am expecting bulls to top out pretty soon here to consolidate further down but perhaps they can push towards $7k before doing so. $7400 level is the level to be watching closely in my opinion. This is where the weekly equilibrium resistance currently sits so I am expecting a lower high compared to $7400 and on current week our downtrend line for weekly sits around $7200 with next weeks being closer to $7000. If the bulls can approach those areas it would be very impressive and have me leaning more bullish on the weekly equilibrium break. Otherwise I remain neutral on weekly chart and await to see which way the pattern breaks. In my opinion, the ideal setup for the bulls is a lower high here, another higher low compared to $6106 and then break bullish on weekly for a higher high. Bears will be watching to scale in on a lower high and then seek a beak break down through $6100 and ideally for bears down to new lows for 2018. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
Bitcoin: BTCUST Massive Bull Breakout maintained - stay long Bitcoin Coinbase Chart Massive Bull Break Maintained Overnight. Stay long to 12090 The break stayed good overnight and the far East bought into it too...not massively but still a good sign of returning confidence world-wide as all the bad news begins to dry up. This break out is so important and so far technically perfect on Coinbase chart - and shows how, once price beat the last dynamic above it Bitcoin surged upwards, shackles undone. The next part of the Bitcoin puzzle is to look more closely at the reverse head and shoulders to see how likely it is to be trustworthy from here. First off the last one failed - and actually went on to form the right hand shoulder of this larger RHS - whilst Bitcoin was still in the middle of a downtrend, which with today's price action is now effectively over - the only disconcerting thing about this RHS is that it's a little too prefect technically. Can it be too good to be true? Too obvious? Why? On The Coinbase chart this reverse head and shoulders has a minimum upside of 3216 points added to the break out level/neck-line at 8874 - creating a minimum upside target at 12090 on Coinbase. Stay with it
COINBASE:BTCUSDLong
by sumastardon
2