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BTCUSD - nowhere fast!The BTCUSD price since the good week remains in the horizontal consolidation between the levels of $ 6,092 - $ 6,828. What's more, a consolidation between levels of $ 6,545 - $ 6,695 has also been created and the price currently goes from band to band, from support to resistance. There are no special industry and technology events on the horizon that would result in a break from this narrow price range. Due to the trend at larger time intervals, it seems more likely to break down and continue the downward trend. Not only that, there are no signs of reversing this downward trend yet. Even if the price of BTCUSD raises the top to 50% Fibo at $ 6,755, it will still only be the completion of the complex correction WXYXZ (from a technical point of view).
BITSTAMP:BTCUSD
by sebastian.seliga.7
2
Head and Shoulders to $6000 Retest?Throughout all of this chop, it appears that Bitcoin has formed a possible head and shoulders pattern. As I am writing this post, BTC is currently re-testing the established neckline. IF in fact we do continue breaking down, I have a primary support located around $6000 or in the green range shown above. There is also potential trendline support around $6200 However there is a recently established higher low, so if BTC fails to break down and instead goes north to retest the downward TL, I will be hesitant to go full bull until we break past the strong resistance at $6800. So even though I believe there is a higher chance we will fall , I am reaming fairly neutral at the moment due to the amount of chop in the market. I plan to keep this idea updated in the comments below. I hope you all found this idea interesting and maybe even a little helpful! I wish you all the best of luck! Please feel free to share you ideas regarding the subject below!
BITFINEX:BTCUSD
by oh92
6
Weekly Momentum On Major Pairs (WK 38/2018)XXX/USD: Bullish Gold & Silver: Slightly bearish (the slide is slowing down) XXX/JPY: Very Bullish USD Index: Slightly Bearish Indexes: Bullish BitCoin: Slightly Bullish Summary: Risk On with stocks are to go up. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
by SonicDeejay
There is a possibility for a resumption of the uptrend in CMTETHTechnical analysis: . CYBERMILES/ETHEREUM is in an uptrend and the Continuation of the uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. . While the RSI and the price uptrend in the Daily chart are not broken, Bullish wave in price would continue . Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (0.00035600 to 0.00029600). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00035600) Ending of entry zone (0.00029600) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00042900 TP2= @ 0.00048800 TP3= @ 0.00059300 TP4= @ 0.00074100 TP5= Free
CLong
by ForecastCity
Important Candlestick Pattern Definitions!Hello followers and other TradingView users! In this topic, I would like to describe some candlestick pattern to find confirmation on the strong price levels! "Engulfing" The Engulfing pattern is a two-candle reversal pattern. A reversal pattern that can be bearish or bullish, depending upon whether it appears at the end of an uptrend (bearish engulfing pattern) or a downtrend (bullish engulfing pattern). The first day is characterized by a small body, followed by a day whose body completely engulfs the previous day's body and closes in the opposite direction of the trend. "Railroad Tracks" A bearish railway track pattern has the first candlestick bullish and the second candlestick bearish. That fact that there’s a sudden change from bullish to bearish candlestick should be a good indication that there might be a bearish trend forming. If you see it on the levels of resistance or downward trendlines the more powerful it is! "Morning Star" The morning star is a bullish, bottom reversal pattern. It warns of weakness in a downtrend that could potentially lead to a trend reversal. The morning star consists of three candlesticks with the middle candlestick forming a star. The first candlestick in the morning star pattern must be a red candlestick with a relatively large real body. The second candlestick is the star, which has a short real body that is separated from the real body of the first candlestick. The star does not need to form below the low of the first candlestick and can exist within the lower shadow of that candlestick. The star is the first indication of weakness as it indicates that the sellers were not able to drive the price close much lower than the close of the previous period. This weakness is confirmed by the third candlestick, which must be green in colour and must close 50% above from the body of the first candlestick. "Evening Star" The Evening Star is a bearish, top trend reversal pattern that warns of a potential reversal of an uptrend. It is the opposite of the Morning Star and, like the morning star, consists of three candlesticks, with the middle candlestick being a star. The first candlestick in the evening star must be green in colour and must have a relatively large real body. The second candlestick is the star, which is a candlestick with a short real body that does not touch the real body of the preceding candlestick. The star can also form within the upper shadow of the first candlestick. The star is the first indication of weakness as it indicates that the buyers were unable to push the price up to close much higher than the close of the previous period. This weakness is confirmed by the candlestick that follows the star. This candlestick must be a red candlestick and must close 50% above from the body of the first candlestick. "Hammer" The Hammer is a bullish reversal pattern, which signals that an asset is nearing a bottom in a downtrend. The body of the candle is short with a longer lower shadow (wick) which is a sign of sellers driving prices lower during the trading session, only to be followed by strong buying pressure to end the session on a higher close. "Shooting Star" A shooting star is a bearish candle with a long upper shadow, little or no lower shadow and a small real body near the day's low. It comes after an uptrend. For a candlestick to be considered a shooting star, the formation must be on an upward or bullish trend, and the distance between the highest price for the day and the opening price must be more than twice as large as the shooting star's body. The distance between the lowest price for the day and the closing price must be very small or nonexistent.
Education
by VaidoVeek
16
The big picture: BTC/USD Cup & Handle + long term trendlinesBased off of Fib, market sentiment and long term trendlines, I think a big Cup & Handle is playing out. This is just for my personal use, don't base your trades just off of this, DYOR! In case you were wondering: Yes, I think that BTC will make big gains over the coming years. I don't know what the ALT coins will do, but I am a huge fan of WAN, ICX and NEBL. Also WPR is a personal favorite because of my interest in Solar power combined with blockchain technology. *Not financial advice*
BITFINEX:BTCUSDLong
by Avicenna_omar
HEMPCOIN (THC) – ready for pullback? Short for a whileHi Guys! As major cryptos fall right now THC seems to be moving constantly up? Why? Maybe because they launched their own Masternodes? Maybe because they offer a bounty (airdrop) for THC hodlers (24.07.18 – not 100% confirmed)? Or maybe because within a weeks Mariuhuana will be vastly legalized in Canada which is huge market? This all can be true. What do you think guys? Do you have any otter hot infos? Please do share with our community. So looking at the chart. We are short on THC for the time being. Why? We assume we finished 5 step Elliot’s cycle. Waiting for rebound to buy cheaper. Secondly not much volume involved ex. Bittrex 64 BTC/24h. Not much ha? So our advice is wait till we finish correction wave ABC. We can also count on bouncing from Kijun-Sen (violet line) when observing Ichimoku cloud. This is also worth watching. Observe also when chart crosses Tenkan-Sen (red line) In order to be super safe you can sell now and wait till we bounce off from the level of 0.00001344 (previous max) and we break peak from May which is at 0.00001497. We can also face cup with handle shape. Time will tell. So that is our strategy. Will you go for it? Stay vigilant and observe key levels as mentioned above. Don’t panic, don’t be too emotional. Huge HUGS! WBM Team.
Short
by WBM_Team
The important of Pin bar/the Candle With a Long Wick The important of Pin bar/the candle with a long wick If you are wondering, on which candle or bar has the best degree of accuracy, I'd vouch for the pin bar/the candle with a long wick. Example, If we long pin candle/bar in D1 timeframe, that means, we had a very strong/tough tug of war going on between the bulls and bear forces during the day and someone has come out as a win. It is the signs of unbalancedness in the market and the traders only made money when the markets have become imbalanced. The longer the pin the stronger, the trend will be. During the day, if we have a candle with the long wick/tail at the lower level, it shows that bull has come in "at the low" and push up the price up. See (Tweezer Bottomings are spotted) in the chart. So, pay extra attention to a potentially profitable trade whenever a long pinbar appears. Press "Like" and "Follow". We will help you become a better trader Sonic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
OANDA:DE30EUREducation
by SonicDeejay
2
Weekly Momentum On Major Pairs (Wk27)Weekly Momentum On Major Pairs XXX/USD: Mixed (Ref pairs are not in line with each other) Gold & Silver: Bearish XXX/JPY: Slight Bullish USD/XXX: Mixed (Ref pairs are not in line with each other) Indexes: Bearish BitCoin: Slightly Bullish Sonic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
by SonicDeejay
BITCOIN MUST COME DOWN TO ~$5000! WHY??Hello followers and other TradingView (TV) users! Looks like all TV TOP authors make a bullish and $20k+ forecast for BTC! I have to admit that I definitely don't see Bitcoin price $20k in this year! But, but we could see some bull run when we have taken out some lower levels! If Bitcoin want's to go to the all-time high (ATH) then it must gain again the people trust but at the moment like in real life - make one mistake and if You want to win again other people's trust then you have to do things right in the next 8-12 times and then maybe people trust You again! So as Bitcoin, this year we have only seen a disappointment after disappointment! I would like to say that the first ohooo...moment to the retail traders/investors would be the 4 digit number ($10000) when people start to come again and look what is going on here :) Let's jump into the chart! In the main 'picture' I have drawn an Elliot Wave forecast ! This matches exactly with my support levels step-by-step! First two waves have completed and we are on the 3. the longest wave. This wave must find support from ~$5400 area, there crossing the minor trendline and the support area. In history we have three bounces from that price level (on the image below): *18.10.2017 *25.10.2017 *12.11.2017 After that comes 4. wave (correction wave) and have to find resistance from THE BIG Trendline since 17.12.2017 And now the last 5th wave , where we see Bitcoin reversal! In this area on the BTC chart is a 'clean' area (image below) where the price has rallied up and never looked back (12.10.2018), now we look back and finally retest this area! This area, to me, looks like a logical level where we could see the trend reversal and escape from the bullish falling wedge which also means break the main down trendline to turn bullish again! You probably think - wtf clean area, there is so many like this! But I say there is not so many as big as this one. The next is around $3k but I CAN'T be so bearish because I love crypto! :D PLEASE, don't forget to SHARE this, hit the LIKE and the FOLLOW button if you feel this topic deserves it! That's the best way to support me and help to push this analysis to other users. Best regards!
BITFINEX:BTCUSDShort
by VaidoVeek
53
Will bitcoin go to 10,000 dollars?Will bitcoin go to 10,000 dollars? It's not impossible to say. That's because the U.S. tax deadline has come. Some may think the traders of bitcoin and virtual currencies are returning to the market for bitcoin and altcoin after paying the taxes. Let's look at the chart! Currently, BTCUSD has digested a large quantity of the selling volume from late March to early April. As you can see, the bitcoin is now rising up with a classic Elliott waves. The Elliott wave generally consists of five waves of rising and three waves of falling. Now, bitcoin is the first to penetrate the black cloud of a major trend. A large trend of black clouds is a support line and a resistance line that determines trends ranging from a week to more than a month. First, when the market breaks through the black clouds, the trend had become uptrend strongly. The current price has exceeded the first black cloud, and the wave is the first Elliott upward wave. It is the second Elliott climb wave that hit and falls on the ceiling again, and the third Elliott upward wave that hit the bottom of the trend line. Now prices are at the end of the third wave of rises. There will be a decline in selling soon. If the price forms the fourth wave of rising waves, and then the price rises again after it has dropped to the bottom, then the timing of the buying is the optimum.
BITFINEX:BTCUSDLong
by Allaboutforex
Verge USD Bittrex entry and exitVerge performs nicely in anticipation of positive news to be announced on the 16/4 or 17/4. On a 60min chart we can see that the price almost touched to top of the 2nd square. Therefore, I believe a correction to the bottom of the 2nd square is immanent which constitutes a possible entry point around 0.069 USDT. Afterwards, and only if Bitcoin does not fall any further, a run up to the top of the 3rd square seems plausible where one could exit its position around 0.115 USDT. Keep in mind that the short-term market trend seems unclear, hence posing higher risks.
Long
by UnknownUnicorn1005877
Understanding the Bitcoin Parabola and History of Parabolic MoveAs I've said in previous posts, I fear this is a huge bull trap. I don't know for sure. I just think its a situation we have to be prepared for. I'm a huge crypto and bitcoin bull in the long run. But I'm also a believer in cycles and patterns. And parabolic moves have an uncanny ability to follow a similar pattern. What is a Parabolic Asset Move? This happens when an asset is moving in a strong bullish channel for a long time but sentiment gets even stronger. Then suddenly it breaks up into an accelerated channel. Then it accelerates again, and again, as people start chasing price. The asset never goes down, so people are buying only because price is going up. Until it finally goes straight up. Then it has a crashes and it goes into a bear market. There is also a pattern that can help us determine the length of the bear market. That first ascension into an accelerated channel marks the beginning of a parabolic move. You can see I marked it on this chart around March of 2017. This is important because the length of time to start and finish the parabola is usually the same or very similar time it takes to complete the bear market low. Let's look at history of Parabolas Crude Oil Parabolic Move: 6 years, 9 months Bear Market length: 7 years 4 months Silver Parabolic Move: 3 years, 6 months Bear Market length: 4 years 8 months NASDAQ Parabolic Move: 3 years, 8 months Bear Market length 2 years, 6 months (NASDAQ the shortest bear market but made the steepest drop) Bitcoin - The King of Parabolas Bitcoin is amazing because its a parabola machine and has already had 3 of them. A small move in 2013 then a larger one in 2014 then of course the 2017 move. People love to point to the mini parabola in 2013 and say "SEE, it doesn't need that long to correct, that one rebounded fast!" But if you look closely, you will see that it started its accelerated incline in January 2013. It peaked in April 2013 just three months later and then the bear market bottomed in July 2013. 3 month parabola, 3 month bear. When you take a longer term view of the 2014 Bitcoin peak, you can see that the accelerated channel of the big parabola begin in January of 2013 and ended November 2014, 11 months later. That bear market bottomed in January of 2015, 13 months later. Again almost the same length of time as the parabola. So the 2017 Bitcoin parabola took 9 months to complete. That means I expect this bear market to bottom around September, then start ascending to the right side of a cup and handle that will catapult bitcoin to new highs in the spring of 2019. Since bitcoin has been so strong, I would not be surprised if followed NASDAQ and peaked early around June-July, so I will be looking for lows at that time too. Can I Be Wrong? Absolutely. Bitcoin has done some things in its history that have blow me away. And its a very young, exciting market. It's a disruptive technology and it could boom. It could defy the odds of history. I just rely on patterns to give me realistic scenarios. My research suggests this scenario is mostly likely. Time will tell if I'm right. What Can Change My Mind? Just the same, it would be stupid for me to 100% count on a bearish scenario. If bitcoin really is that strong of a bull, its possible we don't make lower lows and the bear market is the shortest parabolic correction in market history. I will be looking for a weekly close with a new higher high above $11800. That would be a good start. Finish that inverse head and shoulders. Break that neckline. Then eventually get a weekly close above $13000. At that point, I'm less cautious and looking for long term bullish trades.
BITSTAMP:BTCUSDShort
by rzmb44
6