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BTC/USD- Bullish paterns: EW triangle and Inverted H&S TP $7,700Dear all, Here is what I am following on BTC currently. Two bullish patterns are in formation: - The famous Inverted Head & Shoulders - An Elliot Wave ascending triangle Both patterns are bullish are I'm confident that we now have a healthy setup to break the Bear Market. My Target profit on this setup would be the $7,700 mark. All the best from the Crypto Space Alteroc Not a Financial advise, be a better trader tomorrow than you are today by DYOR.
BITMEX:XBTLong
by Alteroc
Bitcoin Bottom in SightAfter a meteoric rise from $150 to almost $20K, the mother of all cryptos has taken a break to cool off its unrelenting moonshot and has been in correction mode for the last 7 months. We have heard news about Bitcoin being dead as the price corrected by 75%. However, these moves are quite normal with most cryptos going through 90%+ corrections on a regular basis, shaking out the weak hands. My primary view is that BTCUSD still needs one more leg down to complete its wave 4 correction before we see any meaningful move up. The current fibonacci levels indicate a bottom at somewhere between $5400 - $4500. I will be able to provide a more precise range as a i-ii set up takes shape. However, if the price moves strongly above ~$7050 in the next few days, as marked by the dashed lined, there is the possibility that the bull run has already resumed, and we are one step closer to the moon. The following move upwards could see Bitcoin go to $100K+ in 2019 to complete the larger degree 3, and drag with it all the other cryptos to new ATHs. Stay tuned for updates to the chart as the price action evolves!
BITFINEX:BTCUSD
by Eboard10
BTC, next few days predictionsHello, That is more a trial than a solid prediction, so do not take it too seriously. The pattern as I see it, we are in this upward channels and in a potential spring ( I insist on potential, it could fail anytime). We are currently testing previous resistance changed to support with lesser volumes of each pumps. If we are still following the same pattern, I see us testing the range 6700-6650 before the next leg up that I expect to be in the 7100 range. You can see that the red line of the channel seems very important to signal a pump, and the highers boundaries of the channel seems to be good target. There is a possibilities to get outside this channel at the second attempt of 7100 or 7500 (hitting previous triangle trendlines. On the daily: We can see the RSI can still go higher and that this channel is looking too bullish, that is why I think we will change the pattern around 7500 or 8500.
BITFINEX:BTCUSD
by Krauser
Microsoft - Consolidation and BOOM!Hey guys , microsoft has a really strong momentum going on , i see there is a correction coming for it , i'll try to find a good spot to long it. It has a series of extensions on thirds and fifths and very hard to count so i'll have to try few times probably until i get the right guess of what degree the correction is. After spending a lot of time in this asset i see this scenario playing out , it's a very strong momentum , please do not short. Goodluck!
NASDAQ:MSFTLong
by crikz
BTC 2 Very Bearish Counts (Roadmap pt 4)Yeahhh, gonna keep this post short. But that little bounce we had from the support line, looks like its not going to be anything we can rely on. A false hope of a bounce if you'd say. Well... Here are actually my 2 main counts. And if we break $6170 before bouncing to a B wave, then it's going to get very very ugly. I've recommended to take profit at the high 9k level, and I'm recommending to just sit this out and wait if you are long. There's not enough confirmation to go long, indicators are still bearish, and the we are playing at the hands of the whales. After that most recent drop, I'm definitely going with one of these two counts. BTC really needed to hold that level in order to stay bullish in my opinion. Now its playing with fire, and it feels like its just going to snap down at any minute. Please be careful if you are bullish. That last impulse move up from $7055 definitely looked like a correctional move. I don't see motive waves here yet, they are much cleaner, concise and with less overlaps. With that last drop, I hope we can even make it to $7700. If you want more information on why this is happening, and to check out my other posts of nearly checking in every move of BTC, check out the related ideas! :) God Bless. Safe trading!
KRAKEN:BTCUSDShort
by Elijah_Trading
4
Bitcoin Long-Term Wave Count - Road to $100k And BeyondFIRST OF ALL, I AM NOT LONG NOW. SHORT-TERM I AM BEARISH. Lol... This is a long-term post, but entry now probably isn't what I'd prefer. So all of my posts recently are shorts and are very bearish, mainly because they are short-term. Long term I'm still REALLY bullish on Bitcoin. Its going to sky rocket. But skyrocketing in value is pretty dangerous, so if it happens like this, then there would become a point where you may have to convince yourself that "holding on for dear life" may not be too good of a slogan. I saw an analysis that kind of covered this that I liked, but the subwaves were not counted. That is the most dangerous thing you can do as an elliot wave analyst. If you don't count subwaves, then you're analysis is going to bite you in the ass later down the road. So, still as said before, short-term I'm expecting a pretty low bottom. It's possible that it doesn't happen that way, but I think its going to happen. Between $2,500-$3,600 would probably be an estimated bottom for this correction. That would give the opportunity for a nice accumulation phase for bigger players and institutions before the price starts to ramp up again. Remember guys. We were just at this price last October/November. We were at 3k last September. Why is everyone freaking out? Bitcoin is moving FAST.
BNC:BLXLong
by Elijah_Trading
17