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Bitcoin about to breakout... but which way? 5k or 7k? [BTFD]Sideways trading over the weekend with a few squeezes, claiming false breakouts but with higher lows and lower highs we are witnessing the forming of a breakout triangle This will break out this week starting 8th October BUT which way???? going back to this chart and looking at repeating patterns: - its pretty clear to me we have still not completed a full rally from the bulls to push the price into the desired fib level, so.... for this week are we still awaiting a rally to peak over the 0.618 fib level, which is roughly around the 7400 area? ....or are we to see a false breakout followed by a short move back down to under 6400 and start testing 6100 targetting high 5k area? personally due to the volume im seeing it could be a stalemate either way right now at the start of Sundays market open, so a good move up or down is needed to create some early fireworks as we move into October and of course this is the time where we see seasonality of Bitcoin and cryptocoins reaching/breaking ATH's as we move towards December 2018 and 2019 **** looking for this week a break above 6825 for the bulls to go further or a clear close under 6320 to push thru the price action from the previous weeks **** EVERYONE, you could say the smart money is expecting the bullrun season to kick off due to seasonality but objectively we have been repeating these false bullruns since January due to the enormous and quite crazy price valuation on 20th Dec 2017 So we have some clear lines of support/resistance both from trendlines and fibonacci, bears seem to have less room to move, whereas the bull targets seem further away but certainly have more room to move into safe targets are shown in the purple lines on the charts, all pretty valid and possible for the next coming week or so... wishing you all good trades and thank you for the support, donations and commitment towards BTFD and our missions to bring you unbiased and sensible analysis on the markets we have started looking at other markets too and if you missed this trade on WTI Oil, i will bet ur kicking yourself: have a great and profitable October and check the telegram channel for updates as we progress into the week ahead
COINBASE:BTCUSD
by majorlee
2
Bitcoins climb to 6700 with CBE future contracts looming [BTFD]Quick interactive view on the 4 hr chart as we have the expiration of CBE sept contracts tomorrow on 28th sept at 4pm GMT "Trading terminates at 4:00 p.m. London time on the last Friday of the contract month. If that day is not a business day in both the UK and the US, trading terminates on the preceding day that is a business day for both the UK and the US." quoted from the website for more details check it here: www.cmegroup.com i mentioned some predictions that MIGHT happen leading up to this date and time on the telegram channel if you would like to know more... we just rebounded off the 50% fib level at 6750, all indicators on 1hr and 4hr showing bullish sentiment and expecting more to come with possible 7300+ in sight....but this is all discussed on the BTFD telegrams channels :) we have already taken long positions please join our BTFD group in the signature below and feel free to send tips using the donation addresses below, everything we do here is for free and we like to honour the exchange of energy in this way have a powerful weekend
COINBASE:BTCUSDLong
by majorlee
Bitcoins Fibonacci love affair with the 0.618 level... [BTFD]Will 2018 history repeat itself? In the past few years we can go back through bitcoins history and see many examples of the 0.618 fib level coming into play with its price action with the highs and lows, this is an extremely powerful tool to predict FUTURE movements... Here are good solid examples of the major swings with BTC/USD and its Fibonacci retracements in 2018 and we are focusing on the current swing towards $7k we will watch the momentum and volume and if bitcoin cannot get up and over this next projected fib level of 6900-7000 then its very likely to repeat the same patterns and will see price come down to test the lower $6k areas On the other hand we are entering a very bullish time for bitcoin in the late autum all through the winter months, will this be the last retrace before the year is up? lets see what happens over the next weeks to see if this happens again... One thing we can determine is that the swings are getting lower as we go further into capitulation and like a winding coil we can see a big break on the horizon, may it be ETF decisions or something else that fuels a late 2018 rally . any questions or suggestions please join our Free Telegram channel which is also pump spam free too, bonus lol peace up and safe trades
COINBASE:BTCUSD
by majorlee
10
Simple BTC Analysis for week starting 24th Sept 2018 [BTFD]Bitcoin levels to watch this week.... 6600 - at time of posting we are just over this level and need to stay above, we may see it spike down into the 6500 but the support will give us an idea if we can climb higher.... 6800 - bull support/resistance, really needs to get over this to flip this to bull support and start making a move up [wards towards the target of 7400 area 7400 - I'm looking at this target area due to previous price and the same for the 8400 level of price and resistance from previous highs IF bitcoin does fall below 6100, we are back into bear market overall in crypto and will see a test of 6k levels and some dips into high 5k levels, still massive support at those levels as sentiment does seem to be bullish but we have to give u all the most probable possibilities that will manifest here. there are two powerful trendlines bitcoin has to break above so keep an eye on it around those levels if it starts to push up Overall looks pretty positive and as per usual just gotta keep re-examining the market daily to make any sense of where we are going next, of course, all this is just educational and in no way intended to be professional trading advice! have a powerful week traders
COINBASE:BTCUSD
by majorlee
Is this the perfect SILVER setup?Silver AU XAG/USD on weekly hunting the floor here and looking for a reversal, vix fix showing clear market bottom for weeks now momentum is still on the downside shown by the cycle of power, we could as low as $14 a USD rally will force the price lower towards $14 but if USD/DXY starts dropping towards low 90's we can get a good mid-term long trade here Silver has big potential for upside motion with the gold/silver ratio being slanted towards gold, many analysts looking for the to balance out a bit too aggressive traders might want to start testing the bottom but more conservative traders will look for support at $15 and go long from there targetting $16 and above any Q's please leave them in comments or join our telegram channel
OANDA:XAGUSDLong
by majorlee
DOGE goes mad , no dev coins getting attention [BTFD]so there is shite and then shitecoins DOGE is certainly in that bag yet it can also be a great indicator to the market in general MASSIVE bull signal days ago on this, which i was not able to catch personally been very busy out of the markets too, so the CoP qwent up into bull zone, RSI and Gann fann showing clear signs of bullishness.... if u wanna play with shitcoins i highly recommend using margins so u dont end up having to hold some piece of crap coin that u might not ever use or be able to sell again so levels to watch using the fib are.. possible next bull move 112-118 and then possibly 150 on the next moves up possible next bear moves 84, 75, 65, 54, 35 sats - depending on market u can possibly long from these positions have a great weekend and even more powerful week, seems to be the weekend of the shitcoin, with RDD, BCN and others moving up we are GIVING AWAY crypto coins in a competition in our telegram chat room, details below to join it..... all u gotta do is guess which market/pairs the chart is from :) good spotting!
by majorlee
9
Bitcoin on 4hr rising channel outlook 29th August 18 [BTFD]having a gander at our 4hr bar chart we see a clear rising channel and looking at further gains today and possibly more as we move into September if respecting the channel we could see a small pull back to 6600 area but wanna see it climb back over 6800/7k pretty sharply all in all looking quite bullish but certain not 'tarded yet - alts having some nice returns and loads of scalps from bitcoin price action oh the pump and dump groups are popping up everywhere again, remember its ALL a con, dont buy into it!
COINBASE:BTCUSDLong
by majorlee
ETH/BCH/DASH & EOS Technical Analysis: 29th Aug 2018 [BTFD]Round up of some of the major altcoins on the crypto markets DASH is clear winner here this week with very positive gains due to activity in Venezuela, Latin America and a nice feature on Max Kaiser's TV show, DASH is all about masternodes and if people want them its 1k DASH so you will see the original masternode coin having sharp gains as people wanna get on this before it sky rockets again, remember DASH seemed to kick off Alt season last year DASH is only one featured here that has moved into the BULLISH Cycle of Power Both ETH and BCH taking hard hits and looking to go lower, BCH internally is falling apart and seems pretty toxic, ETH probably still over priced but if bitcoin picks up i expect ETH too as well EOS is a totally different kettle of fish, hit some good lows for dip buying but really wanna see this push over $10 then we may see it test the resistance at $16 thats the crypto weather for you today, hope its shining on your bags :P bless up
COINBASE:BCHUSD
by majorlee