Buybitcoin
BTCUSD BUY 09.10.2019BUY signal at 8221$.
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Bitcoin, if I'm waiting for an even much lower price, where?If I'm waiting for a much lower price to buy bitcoin, where will it be?
Well, you might just be in luck. A bullish bat pattern might just form up. Tonights NFP might be helping you to achieve that or against it.
1 of my friend has bought 20% of his intended purchase of bitcoin last night and maybe 30% to 50% more when it reaches 7900USD.
I must say I'm no expert in this product but is certainly a price 7900 for a next major reaction.
Where Am I Buying BTC?COINBASE:BTCUSD Buy zone for my personal BTC buy shown on chart. Main point of focus is the nearly horizontal trend line shown in thicker red. In a perfect world price action would go ahead and dump on off the meet the convergence of trend lines over the next 7-10 days, or even take a slower, more measured downward slope in that time period. I won't be making any BTC purchases above this level however. If price does not make it down to the level shown, I will begin purchasing again on the convincing break and close back above the 125 daily moving average, for reasons given in previous posts. Just putting it out there for anyone interested in knowing. Happy hunting and GLTA!!
Chart Speaks for Itself?Short term, seems short- Ranging between Fib lines (thick colored) and trending down on the daily, however still holding above he 50 day MA - 4 hour crossed below 125&200MA but right on the 50 MA for both 4 hour & 1D. We are right on the money with the downward trend since the end of June (28/29).
Mid term -On the daily it looks like the appetite is toward the 8K range (ranging 7,600 to 9,400) which is sing low of beginning of June or somewhere between 7,200 & 8,400 which would be the first time we crossed over long term trend line. That same red thick line trending up (monthly support) for be the renewed support at 9,100.
Long term - Needless to say, since my first post testing how to use this thing, I see that we crossed the 200W MA and that is long term bullish - period.
But more confirmation says on the weekly, all MAs are trending up and we have plenty of room since they are all the way down at the 6,500 level.
Thanks - buy bitcoin, but don't rely on it.
BTC PULLBACK TARGETSHi guys!
If you read my previous analysis, you know that I preticted that we gonna have a fakeout to 9K than immediately pull back.
I do not think it is gonna be a very short-living pullback, I think the 8K will not act as a support. It would be a way too small pullback compared to our parabolic run. The 21 EMA (blue line) should also not hold.
What I will be looking at is the 50 MA (purple line) and the 100 MA (green line). If we look at the price of bitcoin in the last parabolic run in 2017 you can see that when we had a move up we pulled back to the 50 or the 100 MA. We can also see that at the start of the parabolic run we pulled back to the 100 MA and than as we got higher and higher the 50 MA was the one that acted as a support.
Since we are only at the start of a bull run, I would say that it is more probable that we will see a pullback to the 100 MA. At the time we get there it will be around the 6.4K region what I also mentioned in my previous analysis.
***It is not a financial advice! It is only my opinion and you should always do your own research!***
If you liked the analysis please leave a like, and if you have any questions feel free to leave a comment.
IS BTCUSD (BITCOIN) SET TO RALLY 40% HIGHER?Hi Traders,
The 4-hour chart of BTCUSD shows that the reversal from 78.6 Fib ratio and a sharp surge from $3412 to $4274 which broke out the descending trendline can actually be seen as a textbook five-wave impulse in wave (i).
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According to the Elliott Wave theory, a three-wave correction in the opposite direction follows every impulse pattern. And indeed, the rest of the chart reveals an a-b-c zigzag correction in wave (ii) that terminated at a confluence level (50 - 61.8 Fib ratio + swing level + moving averages).
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If this count is correct, there is a complete 5-3 cycle to the north. Fortunately for BTC holders, this means another rally to around $6000 can be expected in wave 3 from now on.
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What's your thought about Bitcoin? Kindly let me know in the comment.
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Thanks for reading!
Veejahbee.
BTC Bullish & Bearish Scenario (Short Term)BTC seems to be forming a symmetrical triangle. Being that the overall monthly trend is still bearish, the odd favor BTC breaking to the downside. However, with the RSI showing bullish divergence, there is a chance BTC will break to the upside and head towards the resistance range of $4,100-$4,200. If not, you can expect BTC to break downwards towards the $3,200 range. Good luck!
BTCUSD Short and long term overviewGreetings, Dear Subscribers !
During the last week we have been carefully analyzing BTC price movement in various timeframes. Is Bitcoin going up or down through the Global Support of Fib 1? This is a very crucial question as the whole market depends on it. Here we share the most important charts to provide you with a short and clear brief about the situation and in the same way not to overload you with tons of technical information and graphs.
Let's begin with the short term movement which we will see in the following weeks
The 1-hour timeframe chart which represents short term movement is drawn on the right side. As we can see there have been formed 5 Impulse Elliott growth waves. The last wave was formed 1.5 hours ago and BTC price went above $4 000 level. 5 Elliott waves are usually followed by ABC corrective movement. This conclusion is supported by technical indicators state: Moving averages and price oscillators change to "Sell" state while Stoch RSI is already in overbought zone, DMI shows a high volatility. Moreover we see higher "highs" of price movement which are followed by lower "highs" of price oscillator this means there is a bearish divergence which is a quite negative sign. In this way we forecast a further short term decrease to $3 680 with a bounce to $3 800 level and subsequent decrease to $3 480. Our analysts recommend to open here a short position.
Coming back to the Mid-Long term forecast we think the most suitable is to present a 1-day timeframe chart which is drawn on the left side. Here we can see that the price moved our of the Descending Triangle down which was quite unexpected as BTC broke up a series of Triangles before. Nevertheless it was a strong bearish sign and a sharp decrease started after breakdown happened. The price moved from $6 500 level to $3 600 where it managed to bounce. Nevertheless it was a typical rising wedge and further decrease as we mentioned in our previous analysis happened. The price moved to $3 150 which is very close to Global support level of Fib 1 which is located near $2 800. We were sure the price is going to hit it before new growth will happen, however market players started 5 Impulse Elliott growth waves. In this way we received a very bullish formation IHS which according to Technical indicators and short term analysis is going to be formed in the middle of January.
It doesn't mean we are safe now and after a short term decrease we will see a new growth. Before crypto markets and BTC will start new "to the moon" journey to new ATHs there should pass a lot more time to let people forget about crypto hype. Nevertheless during the following week we will see an ABC Elliott corrective waves. If there will be enough buy volume in the end of correction, then IHS pattern should be finished and BTC will consolidate above $4 000 level which is a very positive sign
Sincerely,
SkyRock Signals team
Bitcoin Bullish Pennant, Buyer looking more forward aheadXBTUSD Technical Overview:
Day Trading Range: $6630 - $6945
Pivot: $6712
Key Resistance: $6757 - $6832 - $6885 - $6945
Key Support: $6664 - $6630 - $6582 - $6532
Technical Indicator:
Moving Average: SMA 20($6695) resistance & SMA 50($6508) strong support for Bitcoin today.
RSI: The indicator shows upside divergence & moving above level 50.
Technical Trade Idea:
Most Likely Scenario Long position above $6580 with target $6745 - $6810 in extension.
Alternative Scenario Short position below $6580 with target $6500 - $6450 in extension.
According to above Chart Technical says:
Long $6620 - $6650
Stop Loss $6572
Target $6745 - $6810 - $6885 - $6945
Thanks
YoCryptoManic
Bitcoin Eye targetting $6464 TodayXBTUSD Technical Overview:
Pivot: $6311.4
Key Resistance: $6354.5 - $6397.17 - $6431.5 - $6465.83 - $6542.43
Key Support: $6277.5 - $6243.17 - $6200.5 - $6157.83 - $6080.3
Technical Indicator:
Moving Average: SMA200 ($6392.43) & SMA100 ($6452.78) Strong Resistance for Bitcoin today.
RSI: RSI lacks downward momentum (above 50 level), forming a symmetric triangle, getting ready for BIG move.
Most Likely Scenario Long position above $6311 with target $6397 - $6430 in extension.
Alternative scenario Short below $6230 with target $6150 - $6080 in extension
Overall, the upside for Bitcoin and the broader market were comments from the SEC Commissioner that were crypto friendly, the Commissioner stating that the government shouldn’t pin back the expansion of the cryptomarket by limiting the release of new crypto products.
While U.S Commissioner Peirce is considered to be on the “For” side of the crypto camp, the comments were certainly supportive following a string of Bitcoin ETF applications being declined.
As the markets prepare for the Mt.Gox flood of cryptocurrencies, a Bitcoin ETF approval and inflow of institutional money would be quite timely, particularly when considering the fact that institutional money should smoothen out the volatility, though ultimate influence may well reside with the Bitcoin whales.
Thanks
YoCryptoManic
Bitcoin Weekend Bearish Flag completion or Rally ?Bitcoin positive start to the day, though the lack of an early relief rally leaving the Bitcoin bears firmly in control going into the weekend.
Bitcoin Technical Overview
Day Trading Range: $6230 - $6650
Key Resistance: $6455 - $6528 - $6580 -$6635 - $6680
Key Support: $6378 - $6320 - $6278 - $6220 - $6170
Most Likely Scenario Long above $6400 with target $6480 & $6550 in extension.
Alternative Scenario Short below $6300 with target $6245 & $6170 in extension.
Technical Indicator:
MACD: MacD shows in 4H lower strength for short, getting power for coming Bullish scenario.
Moving Avg: SMA200 ($6646) strong resistance for the day & SMA100 ($6851) trading also resistance area.
Overall, Plenty of headwinds remain, including the SEC’s review of the 9 Bitcoin ETF applications that comes in the wake of the latest suggestion of market manipulation, a sizeable short position ahead of the Goldman Sachs news that hit the wires midweek.
Sentiment is particularly bearish and while there has been some upside early on, the gains are of little relief, investors needing to protect the downside ahead of next week’s EU gathering.
For the day ahead, holding above $6,410 through the morning would support a run at $6,528 levels and the day’s first major resistance level at $6,545 later in the day, though Bitcoin will need to break out of its current ranges early, else face the prospects of a reversal, investors somewhat bruised from the losses through the week.
Thanks
YoCryptoManic
Bitcoin Price Prediction for 2018: Golden RatioRed trend lines are important.
Most important 0.618 Fibonacci level!
In next month we might break 0.786 Fibonacci level (6000$) and come with V shaped bottom at 0.618 Fibonacci (4800$) to make a jump into new rally with possible final target at 1.618 Fibonacci (12230$)
MOON or HELLHi guys!
I wanna share my analysis with you, I do hope you find it helpful. If you liked it please leave a like and If you have any questions leave a comment below!:)
BTC is now in a clear bear market, price action is negative and the sentiment is also negative. Will it moon or we gonna crash? No one knows. Anyone stating that it is 100% gonna go up or go down is just a gambler.
In the past days BTC's price decreased very heavily. Moving in this descending triangle , most people expected that we gonna go down to 6.5K and not to break the April low at around 6.4k then move up to the BLUE trendline at around 8.5k. That sounds like a perfect trade that everyone sees and that is why these seemingly easy and obvious scenarios do not play out. If you want to be a successful trader you should always go against the crowd, but the timing is key.
We have key support levels at 6k 5.5k and at 5k. These round numbers, previous lows or tops are the key supports for the next days, weeks or months. I do expect to break below 6k. That would scare a lot of trades causing even more panic sells and probably also incresing the number of shorts.
As you can see below, short positions are increasing exponentially. You can also see that short positions are very overbought.
If the price falls below 6k it is uncertain which support will hold or break, but when we reverse it should be rapid. The increasing number of short positions and then the reversing price could end up in a short squeeze. Just like on the 12th of April when short positions dropped almost 50% in one day and the price os BTC increased by 20% in one day.
If we do reach 5k and it can't hold which in my opinion is very unlikely, then it is gonna be tough and gonna take a lot of time for BTC and for the whole crypto market to recover. 5k is not only a previous top that acts as a new support, but is very important psychologically too!
On the 4H chart you can also see that the rally yesterday retraced the price to the 0.382 fibb which is a very important resistance and bulls did not manage to break it. It is possible that we gonna form a reversed head and shoulders where the RED trendline is the neckline.
In case of breaking above the 0.318 fibb on the chart above at 6750 usd than our next target is at 7 and 7.5k-7.6k as you can see on another chart below. The engulfing candle and the oversold RSI could lead to this possible short term reverse.
In this falling market price averaging is a good idea since buying at the very bottom is almost impossible, because nobody knows where it is.
***It is not a financial advice. Always do your own research before investing into anything!***