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The Risky 4 Month Bitcoin Prediction from a n00b TA creator.Understand, I have 0 experience. This chart shows my personal prediction of events to come for bitcoin until around June. I understand the taboo nature in this realm of such a long term prediction of events. But I hope to get many chuckles at my attempt here. But hey.. This is what life is about.. Trying new things. Even if you suck at it and have no idea what you are doing. This is just for fun. This scenario I depicted is my idea of what will occur with bitcoin into June, and i have 0 evidence to back this up. Just guessing. I am hoping we go into a full fledged bull run. This scenario hinges on this fact. I made the red lines to find common (peak and valley) data points that have the best line of fit in the full model. Then added geometric shapes to the mix. I feel like we will complete the inverse HS pattern (in bold black), then break out above 12-12.5 (start of blue). Begin a transition/holding pattern right into another inverse HS pattern (in blue), testing resistances at (12k, 13k, and 14k) but eventually making it to around 15k. This is where I stopped, i had no idea where to go next .. Take this with a grain of salt. Chances are I am 99.97% wrong. But I feel like I deserve the 0.03% chance.. Please criticize me! Have a good one, Glitch420
BITFINEX:BTCUSDLong
by Glitch420
2
NANO/BTC - Ascending Triangle FormationHello! I'm a new trader here who barely knows how to make charts and analyses. I'm Kyurico, and here is MY idea. Disclaimer: I am not a professional trader and analyzer and would not advise you to trade my ideas unless you are willing to risk some of your BTC. This idea is only to inform others of a possible analysis and trend. Today, we are taking a look at NANO/BTC. Strong coin, strong team, and it definitely has momentum! Here, we have a coin that broke out again after a previous breakout. This breakout that put NANO out of the downtrend, and it now in the uptrend. This allows us to find an entry point that will give us the most profit without doing any bit of trading. This coin had a breakout out of its bullish descending triangle as expected (that it formed over the course of two days). You can now see that NANO is positive in its MACD and is in the overbought side of the RSI. Do not let spikes to the downside scare your investments unless it is clear that it is going into the downtrend once again. It was a decent profit for anyone that noticed it. Now that it retraced a bit after that breakout, it looks to me that it is forming a bullish ascending triangle. NANO is making higher lows and the highs are going to be roughly the same. I believe it is going to trade in that pattern that I drew for at least 12 more hours before another breakout to make a higher high (previously set at 0.0083) I would buy in NANO when it touches the bottom the ascending triangle, and sell it again, when it breaks out, or touches (or almost touches) the top of the ascending triangle. -Kyurico
NLong
by Kyurico