$BTC Should be very closely monitored over the next few days.The similarities are striking for certain here on $BTC.
And let me lead with im not a fan of H&S patterns, simply because people try to draw them on EVERYTHING when they aren't actually there.
However, this one seems very much for real, and the upside it creates for $BTC is massive.
Will be diligently monitoring this going forward.
Not advise, not a expert, just a noob with a chart.
GL and DYOR!
Crpyto
The Crystal BallBTCUSD BITFINEX 4H
Hey followers and welcome to a new Chart, post and bias on BTC after our last marathon.
Since price came back to the key $9,750 level, not much has happened in terms of price movements, but what has happened is crucial to our Analysis, and Bias and dictates our next entry. We have sat in a small range but we have a 4H close below the level. Not the close of the next 4 H Bar is crucial. If the bar closes RED, price will have fallen and we will have an ABC Pattern and entry short and a clear SELL signal. If it closes GREEN we will have a Ring Low, a classic Bottom structure that would be very Bullish. It would be a Clear buy signal.
For the aggressive trader any Break of the recent lows at $9,516, would be a sell, and a break of $9,750 could be a buy. Clearly it’s a key area on the chart and we will hope the US volume will come in and make it clear for us.
Of these entries I would be prepared to sell the first break below $9,516, and will write it up for you. I see a break being very Bearish. If we go long just use the Blue levels.
Sell $9,515.00
Buy back Targets just before the Orange lines at $9,013.00 and $8,338.00, I will post more targets if we get entered.
Quote of the Day
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The END of the War for Mr.IOTA Bearish !What's Up Investorsssssss !! IOT Future Profit Has to go Right in YOUR pocket !!!
Now, How the hell can we do this MR. DJET ! ?
Easy !
IOTABTC Is in a great zone. We should be expecting IOTA to Skyrocket within a near Future !
We do have to take into consideration what happens with BTC for the simple reason that it will effect every ALTS Including IOTA
IOTA might be cheaper during the BTC drop to 4700 Area.
Tools Used to get this Crazy prediction :
fibonacci retracement
relative strength index ( RSI )
ichimoku cloud
Trendline
Bearish Pattern
Don't forget that When BTC Gains X % generally Alts Gains 1.5X to 2X more than BTC
Agree If you do & Follow me If you want more !
BTC CRITICAL POINT 12000 REGION Traders,
Here we have BTC/USD on the 4 Hour chart.
An uptrend has formed that can drive the price after breaking our down trend-line from 7k high drive it to touch anther down trend-line but it's from 19k high it will be a sensitive moment for the EMA it will determine the next stop will be 13000 &16000 or back down to shake the last support hands.
GOOD LUCK,
MOHSEN
ETHUSD: Magical and poopy different scenarios for $1150 targetETH has just broken above the 200 EMA. Other bullish indicators are the MACD crossover on this 4 hour chart and the 1D chart also shows this. The activity of BTC and LTC suggest further breakout potential, from the fact that LTC has been leading the charge, and ETHBTC ratio has yet to recover to 0.1 or higher.
If we breakout of the dotted red long term trend line (~$1000 levels), I expect to see a breakout to $1150 very soon, otherwise here are two other possible scenarios for the short term rally to the target of $1150.
Target chosen based on MagicPoopCannon's INV H&S target. Praise the cannon!!!
Personal disclaimer:
Don't take any of my published ideas as reality. Always make educated decisions before doing anything with your investments. Use my charts for educational purposes only. Trade at your own risk.
BTC/USD Weekly closeBTC/USD - After having a $600 bounce last night as the weekly closed, we are now seeing a decent support at the $8,000 level.
Looking currently at two possible scenerios, witht he break of first down trend, to slowly with consolidation go and touch the next one at the $10,000 resistance level.
The longer we consolidate above $8,000 level the better in my opinion. Daily is defeintly showing a better pciture with momuntum indicators starting to point upwards.
Want to see this week close above $9,000 and a consolidated push over $10,000 as we establish a new bullish chart.
BTC/USD Early look at the possible reversal plays.BTC/USD 1D - Currently hanging around the 50D EMA, not much of a reversal pattern or any signs of support at this level.
BTC/USD 12H - Momuntum for shorters is finishing, likely to see some sort of bounce in this area, just to relief the constant pressure we had for past days.
BTC/USD 4H - Looking for a pump to hoepfully break us out of the local down trend, around $9,600 should be an early break out.
BTC/USD 1H - Would like to see the Ichimoku Cloud being pierced on the hourly, currently being held back by the Ki-Jun
Overall we have reached a level at which a lot of buys started coming in, this could be an early reversal or another bull trap.
I would suggest lower positions and hedging when you can, personally looking at $10,000 as an early sign of possible reversal back to bullish.
Market : Bouncing
Trend : Down
Plays : Bounces and retraces on confirmed break outs.
WABI vs BTCWABI chart on Binance is young. However, the coin is in an upward channel on other markets. My position is long.
TP: 0.001
Duration of trade: 1-2 years.
ADABTC Continuation Possibility After a monstrous rally, Cardano might be prone for a major correction. A symmetrical triangle pattern is forming. This pattern could perform as a bearish continuation, in which case we would be seeing a large drop in price. As you can see, the 0.618 level is acting as a strong resistance and the 0.786 level has been broken a few days ago. If BTC skyrockets like it has done in the past, we might see bearish momentum for Cardano.
The Hardest Trade of the week goes to... TRXBTCSee all those lines? That's typical of a trader trying to justify an entry point.
For me, I kind of regret getting into this one last night. I did highlight it as risky for my followers - but I still regret it. None the less, I made my bed and still sleep in it. The RSI successfully back tested my break out line twice. This is good news for me - or I'm still making excuses. Either way, there's easier trades out there. Pick those ones.
XVG Verge seems to be getting ready to make a move, but staying conservative and neutral till they drop some news on Wraith. With the whole crypto space looking ready to blow up (Anticipating BTC to break 20k) XVG has a good tech and setup but I am staying conservative since there are so much better Crypto plays but this should definitely be on watch!
Tether breaking out vs BitcoinPOLONIEX:BTCUSDT could be in for a sustained decline as POLONIEX:USDTBTC is breaking out to the upside. I have moved my accounts to 100% USDT (except for my long-term BTC holdings in cold storage) for the time being. However, that could change at any moment depending on market conditions.
At the same time, BITTREX:ETHUSDT and BITTREX:LTCUSDT are also breaking down, showing overall market weakness.
Add some flavor to your portfolio? Check out SALT! BITTREX:SALTBTC
Salt looks to be getting ready for a break out here! Why not add a little to your crypto soup?
Riding this one till it breaks that trend line.
Happy trading!