Bitcoin getting ready to move up again My original target still remain the same but its time to start getting bullish for the next move up and i expect BTC to push to $9500-$10000 then fall and as i said it before we will see $3000-$4500 by September this year. so here is you last chance for longing . wish everyone happy trading .
Gdax
Bitcoin BTC 1 Day Technical Analysis UpdateWell folks, Bitcoin is doing what Bitcoin is doing. Slowly just sliding down the grinder.
I really thought we would have broken $7k by now.
Like I say, the market does what i wants and my opinions dont matter.
Read the text on the charts and watch for the trend lines and support/resistance. That's where I have my money on.
*Tip:
If we keep going sideways (between $7200-$7600). Just relax and go to the beach.
No point stressing yourself out trying to catch .05% dips or so.
$DYOR and to Freedom and Riches
LTC one last dip? ********Trend Channel******* What if the too massive spikes we had were just bull traps and takeouts? If we look past those spikes we see a great bull trend channel. Looks like a double bottom is still needed. Im thinking a double bottom at about 110-113 before we start moving up again.
Not trading advice DYOR
LTC retrace pattern still playing out wellThis trade idea is still playing out pretty well. I did have to adjust it a bit for time but the general path has been pretty good since late April. That dump we had a few weeks ago threw the top of this channel off a bit but I think we see a retest of $114ish and depending on what the bears have left maybe even $96-$100. We can still get a good bounce at the end of this flag to break out into another bull run and flag. I would wait for a double bottom if we do drop to jump back in and confirm we have bottomed.
NOT TRADING ADVICE
Bitcoin BTC 1 D Technical Analysis Market UpdateBitcoin never stops surprising us. $8400 is the real test an has been for a while. Remember we are still in a bear trend, so be on the look out for bull traps
Some things to watch out for:
- Bull channel forming/ bear flag
- Testing $8400 and .382 Fib
- If the triangle is still in tact, we will see $7350
- Bottom of cloud, watch for the break
-Needs to break .236 Fib to see $9k again
-- I see $8k before we break $9k again
$DYOR and Happy Trading
Litecoin LTC 1 D Technical Analysis Market UpdateLitecoin is doing the worst of the 3 between BTC and ETH
I still have great confidence in LTC, so keep your faith strong
You wanted LTC to be below $150, well... your answers have been met
Watch for a couple things:
- Not looking too good for LTC
- Dropped below the cloud
- Testing major support @ .786 Fib
- Volume is declining
- Watch for the test of the trend line @ around $127
-- If we break this trend then $113 will be the next LTC target
$DYOR and Happy Trading
BTCUSD 2hrs COINBASE : MAY BULLTRAPBitcoin / Dollar 2hrs GDAX chart is looking in to famous upcoming 2018 Spring/start of summer BULLTRAP.
MY PLAN and brainstorming at the same time is:
1. First of all always scale out at least a bit of your positions under the traders rule: SELL IN MAY AND WALK AWAY. Most of the times happen and this 2018 summer will be no different (my personal deadline is JULY 21st).
2. Though before that I still expect BTC stay above 8K hopefully. Dip down to 7.8K is still OK. But dip down to 7.2K and lower will be:
a) People would get scared remembering 6k and 6.5k dip;
b) or BTC would gain so much needed momentum upwards to break 10K voodoo zone.
3. My bet stays at this moment with b). I feel bullish until the end of May.
4. I hope Bulls wont be trapped in the zone and break vital 10K line soon. Targets 10.8K-14K before JULY 21st.
5. Take profits. Enjoy holidays.
6. Buy the dips over the summer. In 3K-5.7K zone if lucky
7. Watching it growing slowly in 2018 Autumn / 2019. Exploding again in 2020.
The bottom line is IT IS NOT FINANCIAL ADVICE.
Just 1 possible path of hundreds to choose.
And OFC: When facts change. I change my mind.
BITCOIN 4 HOURBEAR FLAG?!! POTENTIAL TARGET ~$7.8K - ~$7.4K????What do you guys think???!! It appears to me that Bitcoin is painting a HUGE bear flag on the 4 hour? I hope this comes to fruition! Even though I am long term bullish on Bitcoin and the crypto market in general, I just believe that we need an actual correction from the rally of ~$6.9K to ~$9.9K.
ETH/USD GDAX HOURLYBeen long ETH since my swing entry @ around 716 last night, with a swing exit today around 746 . A pullback to the 50% or 61.8% retracement on the hourly (a common pullback entry during market runs) would suggest the formation of a promising bull setup. So long as it doesn't break above 749, I would anticipate this would happen.
These H&S formations on the shorter time frames over the past few days have proven to be very successful entry and exit points following the healthy dip from our previous break to bull trend.
Target entry close to 728-730ish, price target to be determined upon fill.
Bitcoin bulls catch the bottom at $8950? Bitcoin bounced right off it's midterm support at $89xx and recovered close to 4.5% of its recent pullback after it failed $10k. 7d MA is on its way back up to cross the 20d MA on the 4h Heikin-Ashi showing a good indicator that this short term bear trend reversal is coming close to its end. If BTC can push back thru $9400, it should be back to retest $10k by the weekend. There is an interesting resistance intersection at $96xx so if BTC fails anywhere from $9400-$10k, we will see a test of the $8750 trend line then $8200
BTC bounce off $8900? IF not, it's back to retest $8000The next 4h candle will tell us a whole lot what the Bitcoin Bears want to do over the next 48 hours. If the uptrend lower support channel of 8900 doesn't hold, there is absolutely no where for it to regain support until $8000. It's gonna be an interesting week.
ETH/USD (GDAX) - Dare I Call This Again? (Bearish H&S on the 30)Shorter time frames have proven advantageous these past few days.
Again, the setup looks fairly simple - with a possibility of it being ruled out if it continues trending to the downside. HOWEVER - the way momentum is playing relative to price action, I've been catching some of these bull traps out here preemptively.
Similar to my LTC H&S formation (see the link to LTC) on the 15 (BITS) - the ETH half hour time frame is proving to look an awful lot like so.
BTC does what BTC wantsBitcoin continuing to stay inside of it's rising wedge that's its been in the last month - $10k remains the psychological resistance while $9200-$9600 range remains the support. Bulls seem to be in control of this "healthy" movement back beyond 5 figures. IF 9200 doesn't hold it's support, I expect to see another low volume retest of 8800 then 8200.
BITCOIN CASH -BCH flag breakout on all timeframesBITCOIN CASH after its big run from 600 to 1600 has consolidated nicely in a flag pattern. Yesterday we had a classic remount pattern going where we flushed under the 9ema on the daily chart then broke back over. In our chat we longed that at 1315 and are looking for additional entries here on the 15minute chart.
Right now Intraday after the big spike to 1480 we have pulled back to intraday support and starting to hold above vwap.. if we can round up here we got a nice easy support at 1400 zone to use to manage risk. this setup is very powerful for momentum traders
Ethereum 4hr Upper Target In Play...But I Don't Chase ;-) Never call the bottom, but also, never call a top. I began trading Ethers last year, at around 30 dollars. And believe me, I have had missed opportunity after missed opportunity. But one thing all good trader's know is that you must have a specific set of guidelines to follow, and must adhere to them without any sort of deviancy. I am loyal to my TA and to my TA only. When I am wrong I sit and wait. I would much rather miss a trade than to take a loss.
With that said, we initially had our 3rd subwave in but have since reached a new high probability target for a 3rd. In this correction we have broken the 786 so should see some short term selling pressure as trader's prepare for their reloads. Longmoney will definitely be one of them ;-)
For your education only
--longmoney
Bitcoin BEAR's Welcome's every bull to its TrapAs we said in the past bitcoin is going up to fast and its a great example of a bull trap so now we can be sure that this rise was a trap for the bulls.
Now we have two major line which which give the next leg up a a major project first one is at 9038 which will play a great role for the trap and second one at 9700 which i call it to be the final RESTING AREA for bitcoin before the next major drop. LET THE TIME SPEAK FOR IT SELF BECAUSE AS I SAID IN THE PAST 5K IS THE FINAL STOP AND WILL BECOME THE OFFICIAL BOTTOM.
BTC/USD Slammed on the 4hr If you revert to my larger degree corrective ABC, we started getting a lot of volume at short sellers targets. In other words, someone's makin some money. We have unrealized lower targets but a potential upper target retesting a change in trend. Even if we rip up from here, you can still catch a good trade with a tight stop.
Choose, but choose wisely
--longmoney
BITCOIN NEXT STEP SOUTHWARD TO $5000.You are more likely to see $5000 then $10k. Currently bitcoin -0.48% is repeating its old pattern and it will do that till we have our bottom. What you have seen in past 8 days is a great example of a BULL TRAP so be wise in your trading and this time I have added extra points for you to know when to start the short and when to get out and go long . much more can be said but we will leave it at this for now so i hope this could be a help to you in your trade. till next time happy trading.