BTC Beat resistance on 30m .. let\s see if we stay aboveNow we broke the 17h channell from 6320-6340 and we broke in upward direction . let's see if BTC will test anoter resistance , bouncing back to retest support or sideway moves... let's see
RUN
Continue uprun for bitcoin 03.11.2018 -> November BOOM startedWe see BTC pumped a little bit and now back at over 50 RSI support ... let's see if pump continue !!
Something Big About to Happen in Bitcoin GET READY FOR SURPRISE Are you prepared - before next financial crisis?
Whats the alternative asset?
Why I'm Bullish on Bitcoin BTC
Reason Based on Fibonacci Retracement
1. Drawing Fibonacci from 5 may high to 29 june 18 low,
we can see that Fib 78.6 is playing a very key role in terms of resistance. If its broken down, BTC halts at support of 6100 very strongly, ofcourse it enjoyed the ride of 5796 at Fib 100.
Next whenever it breaks Fib 78.6 on upside, we see a good bull rally that took BTC to a whooping high of 8506 on 23rd july 18. Now you will be surprised to know, its nothing but another Fib golden ratio of 38.2. So BTC is perfectly playing on Fib levels if you notice.
As of now 78.6 is more important that 61.8 & 38.2.
2. Now lets draw next Fib. Retracement from 23rd july high to 11th august 18 low.
Again the support of 6100 played key role & 78.6 i.e. 6550 acted as a resistance and when it breaked 78.6 on upside, we saw btc at 7388 that is 61.8 fib. SURPRISED. It went back down to again support level of 6100 on 8 sept. 18.
3. Lets draw final fib from 4 sept high to 8th sept. low.
again big support at 6100. Pull back at 78.6 level, btc playing between 61.8 and 50 fib levels.
Now what next - where BTC is planning its next tour - UP or DOWN?
As of now BTC is continously making Higher Lows - thats good.
BTC is running in sideways, infact yesterday all coins saw heavy red, but btc managed to stay with hardly -0.58% down.
BTC is the first choice for investors before next financial crisis, & they all are preparing for same. Institution Investors, New Exchanges, Custodial Services, XRP partnerships, Bakkt, ETF and tons of good things ahead - only indicates BTC will pump heavily - It will be a flash, & next morning you wake up with a surprise btc package above 10k. It will happen, sooner or later we all know.
How low btc can go? Risk:Reward Ratio
Rare to Rare case 5000-5500 -- thats our risk, not so big.
But Whats our reward -- unlimited.
High chances oct-nov-dec season will surprise everyone as usual.
Finally what now? what to do now?
BTC at 61.8 golden ration - key level-means key level
if we go down, dont be surprise and dont get panic to see 6396 or 6100. Its normal.
But if it breaks up to 6767 (high chance) our targets are 6920, 7400 easily. So wait and watch...
I will advise all beginners to enjoy trading, market is always profitable, only matters how you trade.
Stop Loss is your friend, it save your account from big loss. So always use stop loss check my video on how to set stop loss and exit point.
If you like this content & Analysis just SMASH THE LIKE BUTTON. More advanced anaylsis will be coming.
Make sure you follow my youtube channel @open4profit
Lots of Love
Zia (Software Developer, Crypto Trader & Influencer)
EURGBP - BUMP RUN REVERSAL? Nice Short potential here! Wait for price action confirmation on the completion of exhaustion
CADJPY Long - Bullish Run Higher Price has broken out of its bullish channel.
We are now seeing price consolidate around the 87 mark.
We have moved above the 50% retracement level from monthly highs of 91.58
Price also has a newly formed support line which has been respected by the bulls so far.
Xrp could be entering its next bullrunI'm long on XRP and expect to make some big waves in the near future...here's a look at the weekly chart. If this is a valid descending triangle pattern it could very potential skyrocket. Not financial advice and no guarantees but if it does trigger this pattern the price target is not too far off the ath. I remain always slightly skeptical of patterns with this big of a breakout but would be overjoyed if it came to fruition. Can't wait to see how this develops. Of course a pump and dump is always a possibility as well so be prepared for that but with all the encouraging news about XRapid going live in a month or so I'm thinking we wont see much fo a dump.
Bitcoin Enters The New Bullish Cycle?The Bitcoin long term trend remains bullish as price continues to reject the USD 6K support level. The most recent bounce off the support occurred on the 10th of September and this is exactly when the new Fibonacci Time Zone cycle has started.
Prior to that price has broke above the downtrend trendline and retraced back to the 6k support. Fibonacci applied to the corrective wave down after the trendline breakout could help to determine the upside resistance levels.
If the massive support at 6k will hold, Bitcoin could be starting yet another bullish run right now. But, there is a huge resistance that must be broken first and it is USD 10k physiological level, which corresponds to the 161.8% Fibs retracement.
Break above it should be the confirmation of the further growth, that might result in the strong rise.
The resistance levels to watch:
USD 10,000
USD 12,550
USD 15,000
USD 17,500
USD 20,000
If Bitcoin breaks above the 10k level, next strong and potential key resistance could be at $17.5k, that is 461.8% Fibs. But... if this level is broken, it could be the long confirmation that the true bullish run has begun. In that case BTC/USD is expected to grow to at least 30-40k range in 2019.
WARNING! STOP BUYING BITCOIN! AND ALT COINS! SELL EVERYTHING! If you take look at this monthly chart. There is a huge Doji following a sell signal on BITCOIN chart. Get out! If your scalping for profits then Ok I guess. Wait until BITCOIN come down to $1000-$1100 then buy up everything. Do you think a bank would buy in the middle of a selling trend. NO. Buy lowest average price and sell high. You have been warned. Wait for atleast four or more bullish candles in a row on the bottom beginning leg. Then look for long term entry. Bearish Bank by one bull on monthly. See for yourself. You have been warned! lol
Long $RUN going into earningsSolar industry is coming back strong. Run looks oversold on the daily going into earnings. The last few earnings report have been positive. I feel they will report another strong quarter. I have call options and equity from 2 weeks ago.
Alts Bull Run Loading...Based on XRP market cycle, Bull Run is quite near. One last fall to between 5080-5350 seems to be the beginning of "the sunny days".
My assumption is based on how first bear market ended (at the support of first bull run peak). So I think we will find a strong support at second bull run's first peak, which is 5080 sats.
Bitcoin on fire and more to come! Target 11.6k Main target 11.6k, short term target: 9.7k
The 9.7k target is a fibb resistance in combination of a wedge (yellow lines)
i think this is the end of the road for main wave 3 and we will enter a corective wave back to 8.5k
the 8.5k target is supported by a fibb line aswell if target 9.7k is met the 0.38 retracement would fit as a good support based on older tops and supports,
this rectracement however can be less or more downwards, this will fully depend on how bullish people still are after hitting the 9.7k top
worst case scenario it will retrace back to the major resistance we broke (dotted purple line) but this would be very unlikely
after it founds it support i do expect a pull all the way to 11.6k wich is again a major fib from 20k top to 6k bottom
and in the past we been hitting that 11.6k often as support aswell as resistance from our last double top in march.
11.6k target mid to end may, if we fail to break we can expect atleast 2 to 3k retrace
the green wave 1 to 5 is on a bigger scale wave 1 out of 5 upwards.
long term i am very bullish based on what indicators and wave tells me, fibb points tend to stack in a zone between 28k and 34k for this bull run.
happy trading and enjoy your beautyfull spring!
$RUN Sunrun holding uptrend$RUN Sunrun holding uptrend - look for a bounce back to $10 in the near term. Expect possible resistance at $10.15. A strong break through that level would be very bullish.
Bitcoin bull run is arround the corner!Bitcoin and Crypto bull run is arround the corner
In my last post i was very clear in how important the 280$ Billion level was in crypto market capitalization resistance was and today we broke up that resistance and as a result we had a unusual pump in Bitcoin. You will see a lot of confusion in the market with people trying to justify this bull run with crazy theories, but just a heads up for you : Bitcoin doesn't need news, Bitcoin is the news !
What about altcoins ?
This huge and fast pump:chart_with_upwards_trend: in Bitcoin that caused a TYRANOSSAURUS REKT in short positions with more than 10 Million positions liquidated in Bitmex alts also took a small dip comparred to BTC value, but they went up comparred to USD value. But, money is coming into crypto and market cap is raising and soon the money will flow back to alts and BTC/ALTS should rise together.
Conclusion
Today we had an amazing and remarkeable day for crypto that maybe represents the end of a huge downtrend. Look at the chart and see for yourself the clear breakout in Crypto market cap and i must tell you it is beautiful!
Thanks for you attention, Dude!
Do not look at Dude Signals content as financial advice. This is always my personal opinion based in my own knowledge. Everything that you do is at your own risk and you should always do your own research
Just some more info:
Bitcoin is ultra bullish in 1W chart with an oversold Stoch RSI and RSI and MACD just hit the 0 Bottom and it is starting to reverse. Targets can be 26K-30K-39K for Bitcoin next bull run.
Fib project BTC coming bull run confirmationGood Day, thanks for viewing. Just a quick thought I had is a fib projection using past data. I used simple fin tracement not even getting to double digit fib targets. I plotted what looked to be good fib targets from last run and applied to the recent run with potential target again to the 35,000 level. just an interesting perspective.
Cheers,
Bull Run Scenario for BTCIf you checked my previous idea on BTC, you can see that we have too many signs for a bull run which we shouldn't ignore. Even if it's not certain, it's always the best to take position for all circumstances.
Before we rise, i think we will have a small drop to around (minimum) 7.5k where we have decent support and that spot also corresponds to the bottom of the green ichimoku cloud. That gain of bullish momentum there will slowly lead us to our way to 9k-where we will have another small correction. Trade will be active unless we hit below that support level. If this scenario gets confirmed, it will probably take about 4 months to reach 20k level and continue to go up afterwards.
When price does not reach your entry level...Hey guys,
like I was expecting, there was a bullish intra-day run on FX_IDC:GBPNZD , unfortunately price did not reach my planned entry level @ 5m pivot point, so no trade for today.
Feel free to contact me if you're interested to know more about my trading strategies, I'd be glad to help you to become profitable
Is this possible?Is this scenario even possible? Could we be in one big major bull run from the beginning?
BTC Breakout? Flirting with $11350 resistanceBTC is seeing the biggest move up percentage wise since it started plummeting from 20k. It's already testing a major support, and if it breaks it, I see it running for awhile longer.
While I don't really understand why this is happening (the run back up), it could serve as a good swing trade. With the momentum it has, as long as you set a stop loss, it'd be pretty hard to lose money at the moment.
Bullish pennant on litecoinSide by side with bitcoin, litecoin consolidating/accumulating in a big pennant ready for a big run?
XRP/BTC - Ripple done declining?After a clear Elliott 5 step run up to it's ATH, the trend reversal was signaled by a 'head and shoulder' pattern.
Now moving in the reaction, will step 3 of the Elliott run and Fibonacci level 0.618 be it's bottom? (9500 sats)
bitcoin broke the shortterm downtrend.broke shortterm downtrend. bullrun if we break long term downtrend :)
