Peacefulwarrior
You know this pattern! And I know that You love it, BITCOIN ! Hello, guys !
Do You think it's good re-bounce time for BTC ? We see Head & Shoulders at 4H chart and by this time frame this pattern plays good.
This analysis isn't signal of the global downtrend final but give us mid-term premise and possible. Falling - limited, growth - unlimited. Limit your risks, follow the trend.
WAVES WAVESBTC
Elliott Waves 12345, target min for 5th Wave - 5950 sat ~ 10-15% from now. Broke good resistance line and after test go up.
BITCOIN : WHATS GOING ON?! LETS SEE!Recently, BTCUSDSHORTS set a new record, new highs. And from high 16.5% (~7150 BTCs fixed) has already lost and because of this - price growth.
BTCUSDLONGS stays wickness
Good picture by BTC will be in cause closed enormous quantity of short positions and increase of long positions.
Technical
Chart patterns - bearish : breakout the triangle , accumulation zone for the future impulse move downward(likely)!
Volumes - descrise with growing movement (bearish).
RSI - bullish : divergance and higher than 40.
MAs- bearish.
From now to the nearest target ~ -13%.
BTCUSD think can reach 3900$ by Bitfinex - test the ex-support line and resistance. After it's going to visit target zone ~3000$.
BITCOIN : See optionsBTCUSD 1H
One side: H&S pattern, the ascending wedge, the decline volumes, MAs at long timeframes stay for short.
Another side: Can be just trade level for continuation growth to the next levels, MAs at small timeframes signal for long, the double bottom, brokeout the resistance line,
Targets for short:
3900
3500
3000
Targets for long:
4550
4850
Different exchanges - different targets.
I really respect your support, you can express it with your like, repost, comment and subscription. Thank, good luck!
BITCOIN : Do you want to sell?BTCUSD
Correction / rebound time (up) after a given pulse? Maybe it seems to me that we will reach the level of 50% of the impulse, this is ~ $ 3000. It is likely that the descent to $ 1900 (90% of the correction for all the time) and then many will leave the market, blood will flow and uncles with large capital will surely pick it all up. Why this can happen, this market is a trendy one and we see its global potential upwards, but we need to realize that, together with its volatility , it can show us the fall of 90-99% of ATH(all time high). For any asset during the fall of its market segment, some correction is achieved and 90% from the highest point, as some altcoins did. Therefore, there is a probability of falling to levels below $ 2000. Bitcoin can show you +10000%, but also happens in the opposite direction.
Over the past 10 months, there has been a decrease in correctional waves after the biggest one - January-February 2018. And after an exhaustive flat, we saw an increased impulse, which is likely to become the strongest in the last year.
How long have you heard about the global financial crisis? Yes, more than 10 years have passed since 2008 (the average complexity of world crises is about 8 years). World indices probably finished the growth cycle and began to fall. In general, the classic picture. The bubble should burst and begin to conquer new peaks again. What will happen to cryptocurrency at this time? Market capitalisation is small relative to other financial markets. In a panic, the bulk of people take the money invested from assets. Literate people at this time begin to invest and buy when blood flows through the streets.
Think about it all carefully, I do not agitate you to think like me, but you need to take into account the factors and draw conclusions from them. Opinions change. I really respect your support, you can express it with your like, repost, comment and subscription. Thank, good luck!