Bitcoin medium-term negative outlook based on economic risksBitcoin is a valuable property. In future we need this kind of exchange mediums. So long-term trend still positive but its price is closely related to business cycles. This is for it being as an exchange medium. In trade war situation, more secure commodities like gold are more interesting and exchange medium ones are not.
Technically, below 9575$ and 8850$ strong sell signals. above 1200$ the analysis isn't relevant and positive trend will continue.
Coins
Bitcoin 11,300 or 8,200 ??Again Bitcoin is in the choppy zone as it's just risky to open a long or short at the movement
Triangle pattern breakout could give us a better idea of the next movement
The above resistance is quite strong and on the top failed to break out the level of 10,200$ multiple time
On the Flipside, it tested 9500$-9600$ mark multiple time
I would prefer to wait until the breakout, again the market is risky as it could be a bull trap
NOTE- DYOR before investment, this chart is for educational purpose only
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LTCUSD - Reached exactly my target! Next steps ahead?!_______________________________________________________________________________________________________________________________________
Hello traders investors and community. This is an update analysis on my recent SHORT analysis about LTCUSD.
As you can see in the chart it reached exactly my SHORT target at 97.602, there is also a second target at 83.270 which we will reach the next time!
However i think we will have a reversal to the upside from that point, first confirming the EMAs (50 and 100) and then go ahead.
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Everybody who watched my SHORT analysis on LTCUSD should be happy now.
I will cut off my SHORT and take profit at the second target (83.270), also i will open up a LONG position at that level.
Target will be the blue trend-line you see in my chart.
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Also we have an great signal confirming in the RSI, it is oversold and forming an bullish divergence!
Great to see also this factor playing into the successful analysis and for an good LONG entry.
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Okay hopefully you enjoyed this analysis, give some support and i will probably upload an LONG term analysis on LTCUSD! So see you soon!
This is only educational and should not used to take action in markets!
May all happiness and luck come to you friends!
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Crucial pivot point : Altcoins are in trouble if no higher highComparison of a same bubble structure between the Silver bubble and the total market cap of crypto (exl. Btc)
If alts don't produce a higher high around here, then new lows are to be expected, with a slow and long decling of several years.
Of course maybe a few alt coins will probably survive this pattern and will show a more bullish pattern than shitcoins and other alt coins, but this is a very important warning, as this bubble structure is so far 100% identical.
Humans reproduce the same patterns on charts as our behaviour and nature does not change, and will never change.
I am absolutely not against Alts beeing destroyed, as a large majority of them is a cancer to this space, and the crash of the majority of alts would educate the market in the way of driving dumb speculators into bitcoin maximalists, which is not worse.
A little zoom in shows the Smma totally blocked the upmove of the altcoins market cap :
Daily shows a golden cross, but the moving averages are already pointing to the downside, so i don't exclude a bearish cross to happen.
Last note about the Silver chart that produced the exact same bottoming pattern as the Bitcoin chart of 2015:
BTCUSD Bitcoinbitcoin is starting to show some signs of weakness however its not over yet based on its history we can expect a sharp rally towards 11800 if that area holds than we have more upside to come however, if it is unable to close above that level over the weekend than my bets are on the down side towards 9000 area in the short term.
BTC to $8200 or lowerAfter a highly exceptional run bitcoin reached it's 3.618 target, with percussion.
BTC saw it's value reach, in perfect fashion, the 3.618 advancement line.
Also consider Bitcoin's Dominance found strong resistance at a perfectly measured Gann Fann
Please see related idea:
From here, I see two possible scenarios playing out for Bitcoin.
Either, the bear market is truly over and this 5-impulse wave up was just wave 1 of the larger move to come, in which case look to the blue up arrows and green & orange boxes.
This could see the price achieve a new all time high for 2019. $22,528
OR
It was all the US/China trade war and a trade deal announcement and deescalation of tensions between the US and China.
Such an event would happen over the summer. Between potentially next week and say labor day or end of September if you wish.
I think we will have a better picture of things to come by the end of June and again by the middle of July
But in any case, I am quite confident the price of bitcoin will do some type of correction trend lower over the next 1-3 weeks. (Probably 3 - until the middle of July).
short targets - just follow the Fibonacci road!
Green boxes are pretty safe bets, IMO.
1) $9316 (green zone - high prob)
2) $8136 (green zone high prob)
3) $7183 (Yellow zone - med-high prob)
4) $6229 (Orange zone medium prob)
Long targets for Wave 3
(Bitcoin will eventually achieve ALL of these targets, and beyond.)
1) 11,280
2) 13,530
3) 15,779
4) $18,029
5) $22,528
Alt Season - next wave startingAfter reaching $11,200 -- BTC needs to correct and alt coins need a chance to catch up.
I think the next 1 to 3 weeks will be a rapid bloom time for the alt market but it could all be over by the middle of July!
Let's review.
Regarding BTC, $11,100 represented the 3.618 Fibonacci advancement line, when measured from the bottom to the tip of the first wave. This is often the tippy top price of a 3rd wave.
The next major price milestone will be $15,498, representing the 5.618 line and the next number in in the fib sequence. If BTC doesn't have a major correction or slip back into a bear market, this is the price I would target for the 5th wave.
Looking at Bitcoin's Dominance, we can see it made an impressive run and market take over beginning on June 14th. I noticed a lot of my alt coins pumped hard (but for like 15-20 minutes) on June 13th.
By applying a Gann fan to BTC.D, we can see the level perfectly, and I do mean perfectly bounced off the last wedge, which is often a major resistance line.
Directly above it, we have the resistance line generated by the previous high.
BTC Dominance might recover between the 2/1 and 3/1 wedge but it will be only temporary before resuming downward.
Look for BTC.D to reach and breach 59
Here is what I think will happen.
Bitcoin will maintain it's price above $10,000 for probably a week or so. Probably at least through next Tuesday when the US and China meet.
While BTC's price is kept at this level, BTC will flow into alts, causing them to rapidly bloom over the next 1-3 weeks.
Thank you for reading! Please like and subscribe if you find this useful!
[YOYO/BTC] YOYOW MAKES GOOD MOVEMENT ( Thats signal with buy range/sl and targets was given some days ago on my premium service, i think its not late to make some profits because looks bullish )
#YOYO / BTC ( Binance )
Buy Range : 415-430
Stop Loss : Below 390
Target 1: 580
Target 2: 690
Target 3: 785
Good luck !
A Big Move Is Coming to Crypto Before the End of MarchThere's an intersection of the downward channel of the log chart of total crypto market cap (colored RED), and the long term up trendline (colored GREEN) , should be before 24th March
Before then I expect a violent move.
It's very hard to give preference to one or the other at this point. All we can say for certain is that it will be a big move. I'd say a preference would be for a move downwards because we're still in a bear market.
However I remain optimistic because of Halvening Event approaching and because we've already fallen around the same amount of % as during previous crashes/cycles.
CMTUSD, Cibermiles break-out soon!CMTUSD or CMTBTC breakout is nearby. Soon we will break the orange line wich is touched multiple times now. An great suply area is waiting. Go long!
A buying opp for Silver as ECB confirm recession is comingFundamentally we have had a very fast leg down right on time for the Yen repatriation fiscal year end flows to begin. There is a lot more upside in the dollar move to come as investors are running to cash.
Silver will naturally benefit from the risk-off nature of these flows, here we have a great buying opportunity for those wanting to invest in more coins.
On the technical side we have completed our first impulsve wave leg to the upside and the retrace in wave 2 is coming to an end. Here building positions for the remaining legs in this move with an initial target of 17.0
Please see the gold charts attached for more information on the impact from a global slowdown on commodity pricing.
Thanks for all the support guys, please remember to like and comment.
$2GIVE #2GIVE Will Make You Fortune on It's Cycle!I'm amaze how shit coin like 2give can really survive the cycles of bear market. Most of you might not know what project is this but from the name you can judge that this one is spreading money away. To be exact, it's such charity project. 2GIVE is the blockchain based social tipping platform supporting charitable giving doing good one bit at a time!
At the current moment it has less than $1.5 million market capital with 520,360,074 on circulating supply.
Judging from the fact that this chart is starting to entering the buying zone cycle again. Grab them by the pu*sy!
I draw some green lines so we can mark to take profit slowly as we watch the market and indicators condition.
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