Potential Reverse head and shoulders forming on the BTC 1hr!!There seems to be a clear upsude down H&S Pattern forming on the BTCUSD Hourly chart. My analys has my targets of support/resistance and and overal mid-term prediction of bitcoin testing back near its ATH by months end, Fingers Crossed. If you missed the recent dip down to 1400, no worries there will be another great time to get back in once that right shoulder forms up around the 1300 level. I'm looking to buy more BTC just above the 1300 mark on its uptrend after confirmation of it being right shoulder, but there is potential for it to drop much lower for the better portion of a day or so if you catch it on time.
KING
BTC corrective wave -The long-term impulse wave in BTC is now showing a corrective wave pattern.
-Following the long-term games of the Impulse wave (12345) we are now experiencing a corrective wave (123)
-Technical analysis in the crypto world is currently very tricky and speculative with the overall market reactions following the BCH Coinbase reveal.
-In the end BTC is still king and will bounce hard off the last support line ($13,500) following the 123 corrective wave theory
BTC Bull Flag/ Double bottom $10,000?If trading crypto currency been compare to movies, it must be the FAST AND FURIOUS. And to songs maybe something like "to the Moon and back!"
Here is the thing, we must be flexible because things change in high votality and quickly in this market. So its important to manage your portfolio with the main players in the business. In a long run I think with BLOCKCHAIN technology behind its back, despite all the rumors FUD and manipulation this technology is here to stay. I have read and pretty much agree that we must stick to our core investment and leave a smaller trade for hedging or make short term profit.
Looking at the chart a small retrace to 7400/7100 is highly possible so if it allows those are the price that you would add your position.
So if we look at the chart this is where we can go to 10k before new year.
Its 10,000 at least just a matter of time and I predict its during the new year.
This chart is post way before hand, so I have imagination along with TA. So its a long shot and lets just wait and see hold your core position , trade to hedge and good luck.
ETH USD!!we are looking at ETHUSDT here
i am a btc trader however it will help you and everyone alike to make sure you are watching dollar values to better understand the movements of your btc coins!
here we see a nice elltiots wave 1-5 up to a A-C correction. at this point we should see a nice bull run set off!
as elliots waves a classically fractal patterns i wouldnt be surprised to see rectangular green section to be wave 3 of a larger picture wave!
we should sit sideways on the btc value for the nect few days until we make our usd bottom at which point ETHUSDT and ETHBTC will show us what its made of!
i foresee a thievery of value from btc which should push ETHBTC back into its rightful position of NUMBER 1 ALT COIN!!
anywhooo enough of that
watch the charts
watch the news
watch the gains
good luck ladies and gentlemen
the trading tradie...
Dollar trying to end the week green but...- If wave count is right then the advance in dollar may soon revert back
- the RSI indicator has been very reliable to suggest a trend change so will keep an eye on the next overbought area here
- Indicator says perhaps bull should be cautious here
- this may apply to higher USD/YEN for a bit more but those swing traders may need further confirmation on the dollar breaking lower first
- perhaps accumulate shorts when we reach the overbought RSI ...
When predicting micro moves, remember the tide matters... Saudi Arabia controls the price of oil. Once you understand that, all technicals need to include variables for real world political manipulation of the worlds most important commodity. .... "Church of Krümel"
Back in the day, there was a King, he turned off the blood supply to the industrial world. The world went into chaos, wars started... wars stopped. In the end the world found that one country... No, one man controls the affordable supply of the earths most important commodity .
Agree or not with anyone's politics, technical reads, or overall forecasts... My approach is to start with the above in mind.
Until we have a new king or new war, I see no reason to buy oil. Micro channel guys will laugh.. So much money to be made in the foam. This is true, though they may spend more time stressed that their finger is faster than a sword. I just invite those to know there are other ways to skin this cat.. Ways that allow for thought and time to walk outside. Charting has been around a long time. The tools are better.. but not always the results..
GBP/NZD Bullish King’s Crown FormationFor the past 2 weeks we've seen the price of GBP/NZD retrace to 61.8% level.
But the price still keeps making Higher Highs and Lower Lows. MACD turns up.
This is Bullish Crown Formation for turning the mid term from bearish to bullish (resuming to the bullish long term).
Now is the perfect moment to get in a Trade.
Buy: at 2.2900 (61.8% fib retracement level)
Stop Loss: 2.2400 (Below the Swing Low, if price brake that level trade invalidation)
Target: 2.5200 (127.2% fib extension level)