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Third Time’s the Charm! Bitcoin Achieves Resistance BreakthroughBitcoin has already tried and failed to break the newly formed $16,000 resistance twice. The third time was a charm and a breakthrough was finally achieved. Current Uptrend Analysis Since October 8th BTC has been in a near-constant uptrend, growing by more than 50%. One of the best indicators for judging the uptrend on the 4h chart is the 50 EMA. The 50 EMA has stayed below the price during this bull run and acted as a support upon which the BTC’s price has retraced to, before pushing higher. The 50 EMA acted as support after both failed attempts at breaking $16,000. The Bollinger Bands have also been a useful indicator to judge this uptrend. When the Bands widened, the volatility increased, and BTC showed a clear trend closely following the upper band. When the bands tightened, BTC was locked in a range. The Bands are currently somewhere in the middle, not very wide but also not very tight. Another critical aspect to note is that we have seen BTC making higher lows during this uptrend. The fact that it continued making higher lows holds weight, as it showcases that the coin is still very bullish, and the uptrend doesn’t look like it will face a significant correction at the moment. Breakthrough Yesterday Bitcoin finally succeded in breaking the $16,000 resistance. The price has edged ever closer to the resistance, and then it finally achieved a breakthrough. The price may now retest $16,000 to confirm the breakthrough before moving higher. The next target for Bitcoin now stands at $17,000. This level acted as an important resistance during the December 2017 bull run.
Long
by cryptohopper
1
BTC TO $7K THIS WEEK!!!I am predicting that we will see BTC enter the $7k-$7.5k range this week (likely within the next 72hrs). As it can be observed on the attached chart, we are currently trading at the $5.9k level.. However, this is only a shakeout following the completed pennant pattern outlined in purple on the chart. DO NOT BE DISCOURAGED BULLS. THE RISE IS COMING. Not only do we have a bullish continuation signal in the pennant, but we are also finishing up the handle of the cup and handle pattern that is present on the 4hr chart, yet another bullish indicator. LETS GET THIS BREAD.
COINBASE:BTCUSDLong
by iiiDDoS
Interesting Bitcoin Pattern on the 4hWelcome back traders! Bitcoin just closed its fourth green candle in a row on the 4h, which makes one wonder how often that happens. Although four candles in a row is rather common with Bitcoin, it turns out that five has been considerably rarer over the last 6 months. It appears that we have been seeing a series of 1-4 sets of 5+ sequential green candles within an approximate 7 day time frame every 1.5-2 months. We have seen these profits extend as long as 10 candles in a row. Here is where we are at currently, along with the statistics from these previous profits. It is noteworthy that I measured on the open/closes, and that these figures are in USD. For instances where we saw a sequence of green candles greater than five in a row, the end of said sequence has been measured out for you as well, separated by a semicolon. TOW: +$228.92 +3.11% over about 17h 10/25: +$1,212.85+16.23% over 20h; +$2,188.13+29.47% over 28h 09/07: +$194.39 +1.89% over 20h 09/06: +$350.60 +3.33% over 20h 09/02: +$194.89 +2.03% over 20h; +841.59 +8.79% over 40h 07/02: +$1,478.23 +15.03% over 20h 06/26: +$1,284.12 +11.32% over 20h; +2,522.91 +22.25% over 28h After seeing figures like these, one cannot help but wonder if this pattern will continue. Will we see another sequential set of 5 green candles? Will the current set extend further? Will Bitcoin break the pattern all together? We will see. Disclaimer: This is NOT trading advice! These are merely my opinions that I have posted for educational purposes ONLY. Trading comes with great risk, which should be managed carefully. You should never trade anything more than you are willing to lose. I hope you all kill it, but I am not responsible for any financial loss or damages. Thanks for reading!
COINBASE:BTCUSDLong
by CryptoRichCrypto
1
Sideways movement then moonThis is my first chart, any feedback will be appreciated (excuse my English, not native language) and a like would be awsome. I think we're going to see sideways movement until Monday (moonday) when weekly MACD confirms the positive cross of their curves. Last year it was not SWELL that drove the prices high, not (also) even weekly MACD alone, but just days before the bottom in some indicators (like MACD) was confirmed, the bottom after the 2017 bull market; unfortunately it had not enough momentum to stabilize the price in the $0.50's, but this time we are full of good news, SWELL is coming and weekly MACD is having a bullish crossover.
BITFINEX:XRPUSDLong
by microdosinkrypto
2
Bitcoin. (BTC) BTFD While You Still Can; Moon BoundMan, that sell off hurt... or did it? For the new traders, I hope you didn't panic sell... cause if you did, it may have been a huge mistake. Learning to sit on your hands will prove to be extremely beneficial.. trust me. With that being said; Bitcoin continues to astound me. The technicals are almost too perfect. If I was a traditional investor, Bitcoin would give me a heart attack... that -10% bloodbath was brutal, but it all worked out perfectly and we should start to see more green days here soon. I could see Bitcoin selling off a little bit more, but not much.
BITSTAMP:BTCUSDLong
by Augustus_Lee7
1
Bitcoin. (BTC) Reversal PlotHey, so in this chart I decided to forecast the pivot where the correction ends and another wave starts. I decided to plot resistance, support then choose (in my opinion) the three most likely routes price may take, then choose one as the most probable. NO GO Prediction 1 (Green): Although possible, this path is unlikely due to a lack of trend support and a confirmation with the 200 day MA NO GO Prediction 2 (Red): In my opinion, this is has a higher probability of truth than prediction 1. This is because it eventually catches trend support, but breaks initial support and the 200 day MA GO Prediction 3 (Blue): In my opinion the trajectory of this prediction is will end up holding more truth than the previous three. It catches initial support, catches the 200 day ma and also flows with the greater trends.
BITSTAMP:BTCUSDLong
by Augustus_Lee7
2
Litecoin. (LTC) Will History Repeat itself?? Whatup guys, to be completely honest... Im not in the mood to type haha The chart is self explanatory, but ill lay out the basics. So LTC just had its block reward halved not to long ago. Although most of the markets attention is on Bitcoin, Litecoin is another I like to keep an eye on. Just like Bitcoin, Litecoin has a limited supply which in my opinion, makes it much more valuable. Crypto is notorious for trading in identical patterns formed from previous price movements. Whats everyone opinion on Litecoin? Do you think Alts have a chance or do you think Bitcoin will obtain even more market share in the future?
BITFINEX:LTCUSD
by Augustus_Lee7
Bitcoin - Simple Actionable Technical AnalisysThis is a look at what BTC is doing in the 4H (4-hour timeframe) with the benefits of the entry points generated by longer timeframes such as the 3 day and 1 week. As you can see these are very, very dependable trendlines one minor violation of the green trendline and it will be a solid indication that we are going down some more. On the other hand, a violation of the red trendline and that will be an indication that we are testing the ground to see if there are buyers for an up move. We could easily go up to the edge of the red line and if rejected that is also an indication that we could be going down. Those 2 green X's indicate where BTC is likely to go. That is about as low as I am able to see BTC go, after that, I think we are headed north to around 15K. The upper X is at about the 50% FIBO retrace and the lower X is at the 61.8% FIBO retrace of the entire 2019 move and all you need to know is that most alts would have double bottomed at that point, which is why I had you get into NEO and LTC already. There could be a colossal fakeout and you would be left out. This is the long term chart THE TREND: Going down. THE OUTLOOK: Unsafe to buy BTC but safe to enter and buy some alts, BTC will go down some more but it will allow you to get in cheap to good alts. Be safe and follow me to stay ahead of the curve.
Long
by cryptoGats
2