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Bitcoin Declines From Blow-Off Top - BTC/USD AnalysisHello, traders! It must come to you as a surprise that Bitcoin is declining following a "fakeout" (false breakout) from a bull flag. As a matter of fact, I am more surprised that price has managed to stay above $8,000 for so long. Bitcoin was never supposed to hit $8,506 in this round but it did. Maybe the media played a part in it. However, I am more inclined to believe that most of it was done by whales to stop hunt bears that opened short positions around $8,000 and they succeeded brilliantly. This blow-off top and fakeout you are seeing were obvious to spot. Why? The Winklevoss' ETF was never a factor for this recent Bitcoin rally because we knew it from last year that SEC would never have approved it. The selloff following news of its rejection was a joke! Let's just say the whales played us all. Secondly, you have so many traders in TV telling you recently that Bitcoin is going to $8,800. Just like every trader was screaming $4,000 or $1,000 when Bitcoin was at $5,800 or $6,200 and it did the exact opposite - twice! In those two occasions, I was the only trader here telling you to aim $6,800 and $8,000, respectively. Was I right? Hell, yeah! This is all clearly stated in my Bitcoin Q3 Trading Guide that I posted back in July 1st - before price got to $6,800 or $8,000. Now, I am telling you that Bitcoin is not going to $8,800 (called it first) because it is due for a price correction. Right now, Bitcoin is on a corrective wave that will lead price down to $7,600 - $7,720, the area marked with W. If that level holds, we will see a technical rebound to the level marked X - don't expect anything above former high of $8,506. If price breaches $7,600, it will test the next support level down at Y which is around $7,300 and Y will become W. We will talk about that later if it happens. For those who want to see a bigger picture of where Bitcoin is headed, please refer to my Bitcoin Q3 Trading Guide. As I have informed some of you, my upcoming Bitcoin Q4 Trading Guide will be postponed to late August or early September. I won't be sharing it publicly for obvious reasons which I will explain through private messages only. Thank you for your support. Please give this chart a LIKE if you find its information useful - Good luck!
BITFINEX:BTCUSD
by cryptoezvip
41
The Game of Charts- Strong Resistance at $6800BITFINEX:BTCUSD "The chart speaks louder than words" Daily bitcoin technical analysis with fewer words and more information so that you can have maximum information just with a glance without wasting any time. Any thoughts on technical analysis of BTC are always welcome in Comment Section. If you find this article useful then do consider a like . Thank you . Legal Disclaimer: This is purely a technical analysis and it is to be used for educational, entertainment purposes only. This is not a financial advise to buy or sell Bitcoin and I am not a financial advisor. Do your own research before investing.
BITFINEX:BTCUSDEducation
by AbyZee
The Game of Charts- Trading update [June 28, 2018]BITFINEX:BTCUSD "The chart speaks louder than words" Daily bitcoin technical analysis with fewer words and more information so that you can have maximum information just with a glance without wasting any time. Sentiment: Bullish Price target: $6300 Any thoughts on technical analysis of BTC are always welcome in Comment Section. If you find this article useful then do consider a like . Thank you . Legal Disclaimer: This is not an investment advice. It is to be used for educational purposes only. This is purely a technical analysis and one should not take it for granted as an investment advice.
BITFINEX:BTCUSD
by AbyZee
The Game of Charts- will BTC imitate itself ?BITFINEX:BTCUSD "The chart speaks louder than words." Daily bitcoin technical analysis with fewer words and more information so that you can have maximum information just with a glance without wasting any time. Any thoughts on technical analysis of BTC are always welcome in Comment Section. If you find this article useful then do consider a like. Thank you. Legal Disclaimer: This is not an investment advice. It is to be used for educational purposes only. This is purely a technical analysis and one should not take it for granted as an investment advice.
BITFINEX:BTCUSD
by AbyZee
3
TESLA on its way down ...I am strong bearish on this. I strongly believe that Musk is unable to steer a big company that has to deliver for shareholders' long-term profit interests. Even if production problems might be sorted out (what I doubt), car competitors are ready to unleash their potential without making the costly efforts TESLA have incurred over the years. Cup+handle formation is not yet confirmed, but I am confident that it will show up as expected. Stock is heavily shorted - be aware of that. Short squeeze may trigger huge price rise if investors stay positive towards TESLA marketing machine and due to the appeal of this exclusive marque (investors who are never concerned about the cash burning business practice with accumulating liabilities and further stock dilution ensuing from an inevitable capital raise). ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
NASDAQ:TSLAShort
by JaDeVin
What is the next move of Bitcoin? Check it! Currency Pair: BTC/USD Time Frame: 1day Price Forecast: Max 10.1k~10.2k. Special Moment: It will probably hit 10k at the 4th instant, 9 a.m (UTC Time)!! Predict Direction: Long . So, it's a good news that BTC is going to hit 10.2k.Already who have bought it in 8.8k, surely it's a very good news for them indeed! There will be some Upward/Downward change in the price. Be patient at that time and hold it because more surprise is coming for you!! You can check my previous idea also.Update will be available in the comment section if necessary. Disclaimer: Everything written here is for discussion purpose only and should not be taken as advice to invest your capital.Always Speak with a professional financial planner or advisor before making any investment decision.Never make a trade based on what you see here.Your capital is at risk in cryptocurrency trading.
BITFINEX:BTCUSDLong
by Crypto-Wind
BITB - 400% Since 06/02Looking at BITB, it looks like there have been 5 waves completely since it began trading. After the completion of the 5th wave, it retraced back to near the end of wave 4 which is an indication that my count is correct. From here we have completed the first and, what looks like, the second wave of this new impulse wave. This is in synchronised with most other coins in the market, so I am bullish on this coin which seen over 400% increase since 06/02. Wave 2 retraced 50% of wave 1, also close to the end of wave 4 of lesser degree, which is a healthy correction following Elliott’s principle. The potential here is too good to miss so I will be trading this carefully. I initiated 2/3 of my total trade here @ $0.018 and will add the remainder of my position when we break $0.02. My first target is $0.0234 (46%) but I will be looking to carry this position to the next target of $0.028 (104.38%) My main concern for this coin, as the BTC price continues to climb, when it is time for BTC’s retracement, it will most likely cause a pull back in this market. I’m hoping these pull backs coincide with my target for this trade. In the next couple days we will be testing the middle channel which will be the first hurdle. If we cannot break this we could be headed lower so I have place my stop at $0.0155 (14.9%) Confidence Rating: 6/10
BLong
by JoshThomas04
1
ETC - Have We Completed The Correction?ETC is finding support along a trendline which has acted and support and resistance since mid 2017. This support conveniently comes at the bottom of wave (2) which also formed at the bottom of wave 4 of lesser degree. This respects Elliott Wave Theory further by being the 0.618 retracement of wave (1). There is a resistance line from the 20/02 high to the 27/02 high which is currently acting as short term resistance. A break from this line (@ $35) would indicate a bullish wave (3) to me and I would start building my position from here. The technicals combined with the fact that there is an airdrop soon for ETC holders (at block 550000), I think the price will drive forward in the coming days. I would start my trade with 1/3 of my total position after breaking $35 and add another 1/3 after further confirmation, a break of heavy resistance at $38. I would then add the remaining 1/3 at the break of the all time high at $42.8. My target for this trade is $60.3 (58.63%). There is possible resistance here at two levels which are key to break so we can get this bullish run we are looking for. Even before we reach our initial entry point, we could go down further and form the last leg of a 5-3-5 correction pattern. If this was true then I would be looking around $29 for re-entry. Therefore I would place my stop at $31.3 (10.67%).
by JoshThomas04
Neo - All Time High in SightIt looks like NEO is following Bitcoin’s price action here. The price seems to be finding support along the downtrend channel (dark red dashed line) and it’s also approaching a short term support level from the 06/02 and 25/02 lows. From my wave count, it looks like we could have completed wave ii of wave 3 of larger degree, which usually leads to a large impulse defining wave iii of 3. Likewise to Bitcoin, we just need the support to hold above the downtrend channel. I think the short-term support adds strength to this position and should give NEO the support it needs to go on towards the resistance levels that I’ve laid out. I have started my trade with 2/3 of my total position @ $129 and add on the remaining 1/3 after further confirmation, a break of $140. My target for this trade is $188 (46.8%). If the support here cannot be held then we could be expanding wave 2 down towards the long term support line. Therefore I would place my stop at $113 (11.72%). Confidence Rating: 7/10
Long
by JoshThomas04
4
WAVES/BTC CURRENT TREND AND PRICE FORECAST | FEB 16 |Hello guys, I'm sharing my trading idea for waves/btc price movement and current trend analysis. As seen in the chart, the price has finally broke out of the down channel after making correction from December highs. Waves platform is also offering BCH airdrop by February 22 which might also cause a decent surge in price. I'm expecting a pull back from here till 68-72k satoshi area before making another upside movement. TRADE SETUP BUY : 68-72K sats STOP LOSS : 65k TARGETS : 84k, 92k sats Share your thoughts below if your agree or have any suggestions. :) ___________________________________________________________________________________________ DISCLAIMER : THIS IS NOT A FINANCIAL ADVICE BUT THE BEST POSSIBLE PRICE FORECAST ACCORDING TO US. PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ACTIONS. __________________________________________________________________________________________________________________________________________ FOLLOW US HERE : YouTube : www.youtube.com (FOR HINDI/URDU) Telegram : t.me Twitter : Check out Coin Authority (@CoinAuthorityOG): twitter.com STEEMIT : steemit.com Good luck! :)
by coinauthority_official