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Bitcoin: Higher Time Frame Breakout Series - DailyCoinSavvy here with a breakout update, we are going to focus on different time frames to give us a heads up of what is to come after this breakout is finished rallying, so far though very exciting and if you look back at my post from the 17th here you can see that the 3 day closed above the 200 sma and how I wrote if that happens then Bitcoin is going to around $9,500. To gain maximum perspective, we should look at low, medium, high and macro time frames. This is so we can put the puzzle together and see the big picture to make educated game plans to execute depending on whatever scenario plays out. I am creating multiple chart analysis Ideas for the high and macro time frames starting with the Daily then the 2 Day, 3 Day, Weekly and Monthly. Analyis : To start I have posted this Daily chart, we can see this fresh breakout got us all the way near $9,000 in just a day and Bitcoin closed very strong above $8,700. It’s above all moving averages and most of the smaller moving averages are trading above the larger ones which is all very bullish. Stochastics %K (blue) had a bullish cross above the %D (purple) and entered back into the critical zone (80) a few days back then defended it and now it’s pointing up, looking like it wants to go higher. RSI (bold blue - 14) broke above the ema (white - 21) and entered the critical territory looking like it wants to go higher. If we keep going higher we may create some bearish divergence depending on how many candlesticks it takes as well as if RSI doesn’t get above and close above the 87.5 reading, if it were to get above that level it would invalidate the divergence. On that same note, if it takes more than a few candlesticks then that would also invalidate the divergence due to RSI reading being 14 and the number of candlesticks that go back to that high would be more than 14 (same thing for stochs divergence) so that would invalidate the divergence. If we look at the higher time frames, these are way more probable to creating divergence and it’s something I want to discuss for the 2 and 3 Day charts. Daily looks like it wants some higher prices, my target is around the $9,500 area although I could see us get all the way up near $10,000. At that point I am expecting a pretty severe retracement but will speak about this in a different series. To bring up the other side of things, if we put in a local top at $9,000 then bearish divergence would play out and that would take us down to around the 21 ema around $7,600 which wouldn't be what the bulls want and could be an indication that this may be our our longer term local top to send us back down to the $6,000 - $5,000 region. Of course this is the least likely thing to happen in my opinion but want to be prepared for if it does happen. 4 hour closes below $7,600 would be a sell for me. Coin Savvy, signing off. Enjoy your night, enjoy the charts, and respect the technical analysis.
BITSTAMP:BTCUSDLong
by Coin_Savvvy
Bitcoin! Targets and Fibs to keep an eye on in the medium term!It's all in the chart. Here are the targets I'm mentioning: 1) We already hit and blast through our first bull flag target (yellow color) 2) We've yet to hit our second Cup & Handle target @ $7.8k (purple color) After we hit this target, I'm expecting a significant retrace back down to either the $6k levels or the 55 EMA at the worst (around $5.3k at the moment) 3) The macro Falling Wedge target is @ $11k (white color)-- we should hit this after our In betweek the above targets, the fibs paint other important levels to keep an eye on. *** Bottom line:*** 1) Correction to happen after hitting $7.8k levels. >> Correction maximum down to $5.3k (the 55 EMA) 2) Upside >potential is to hit the Falling Wedge target at $11k. Roaring bull market to follow beyond that level!
COINBASE:BTCUSD
by Leb_Crypto
1
Inverse H&S and Ascending Triangle targets hit to a tee!Technical Analysis is important. Crypto is no exception. If you map out the targets of the Inverse Head and Shoulders (purple), as well as the target of the Ascending Triangle (yellow), you'll see how Bitcoin respected these to a tee by skyrocketing to the Yellow target then correcting down to the purple target. BTC price could bounce between the 2 target lines for now, and that would be very bullish. At any rate, happy to finally see a Higher High on Bitcoin after 15 months! Leb Crypto
COINBASE:BTCUSD
by Leb_Crypto
LINK/BTC - Looking prime for a breakout part 1Welcome friends, to this analysis of LINK. Many of you are probably familiar with Chainlink on a fundamental level, and may have watched my previous analysis on LINK which you can find here: This is going to be a straight-on technical analysis to show you what a beautiful trading opportunity is forming on LINK right now. What I believed to be a falling wedge on the previous analysis have now turned into being a symmetrical/triangle, also referred to as a pennant . These patterns are continuation patterns and a breakout is in the cards. Within the pennant we’ve had decent, but decreasing volume towards the end of it. Maxx Momentum indicator flipped to bullish+ momentum on the daily a few days ago, and with BTC looking the way it is now, LINK currently got more room to the upside than the downside. New BTC analysis coming shortly. For LINK to have high chance of bullish continuation, it is important to make a daily candle close above the .236 fib from the trend based fibonacci extension . This level is @ 2730sats and is a level we’ve tested, but not closed above since back in January. If LINK manage to close above it, there’s a high chance of the top of the pennant to break within the next week. I have marked a few targets on the chart as well with boxes beneath fib-levels. As we don’t have any previous price action to draw levels from, Fib’ext is more or less the only way to get accurate selling points. These take-profit levels is at 16550sats, 18230sats and 20370sats. If you hop on this trade or is already in it, it is recommended to place your sells a little below these levels as they will have direct selling pressure on them from others. Shortly after this I’m posting my BTC analysis, so follow and keep an eye on your alerts! If you like the idea and would like to receive updates in the future, please follow me on TradingView If you follow me, I guarantee you will receive timely updates to this chart, and all other interesting tickers. This will allow you to stay on top of the assets current trend and hopefully maximise your profits!
Long
by Pineapple1k
BTCUSD H4/D1 charts (3/22/2019)Good morning, traders. Since yesterday's shakeout, Bitcoin has continued to rise but has found resistance at the 50% retracement level around $3988. It appears that price is printing an ascending triangle as it consolidates toward that level which is also the H4 21 EMA. A close above that high should indicate a target of $4055, based on the height of the triangle. That would put price at the recent swing high. A close above the local TR should provide a price target of $4150 and this would have price targeting the top of the ascending channel that it has been printing for almost a month. Closing above that channel's resistance gives us a target of $4360 which would then give us our first higher high off that corrective low in December. If there isn't a surge of volume taking price toward $5000 once it moves through the ATH's descending resistance, then the $4300/$4400 level would be a likely place to see a retracement. The $4921 level is the 161.8% extension off the first impulsive wave in December and it is also the secondary descending resistance level as shown in the daily chart. Currently price remains above the daily pivot and 21 EMA while RSI is bullish at 60.5. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
6
Mid-Term Bull and Bear Active Algo TargetsThese are the highest range swing-high/low algo targets currently active (with likely algo, aka. program trading, participation). Lots of smaller range stuff going on as usual. These are based on the algo assumption of participation entry between 0.618 and 0.5 and exit/flip at 0.65 with a target of -0.236. In theory here, the bull scenario is using a larger range and so it would likely be stronger than the bear scenario, however, we are still in an overall bear market and bearish trend extending well beyond the timeframes discussed here.
BITMEX:BTCUSD.P
by CryptoKick
Bitcoin Daily Update (day 333)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge Consensio: P > S MA > M MA > L MA Patterns: Phase 7 Hyperwave | A&E Horizontals: R: $3,992 | S: $3,859 Trendline: At $4,536 Parabolic SAR: $3,539 Futures Curve: Contango BTCUSDSHORTS: Watching for it to take out the local low at 18,970 Funding Rates: Longs pay shorts 0.0065% TD’ Sequential: G6 Ichimoku Cloud: Very surprised that we haven’t seen a bullish kumo twist Relative Strength Index: Testing 70 Average Directional Index: Bull trend on daily. +DI is starting to approach -DI on the weekly. Price Action: 24h: -0.4% | 2w: +16.3% | 1m: +10.5% Bollinger Bands: Weekly is very bearish and the MA is in confluence with the TL Stochastic Oscillator: Sell signal Summary: I was hoping to see some more follow through out these last 24 - 48 hours. The volume was there on both breakouts (Feb 8th & 18th) however we have petered out at $4,000 horizontal resistance. The fact that we continue to consolidate above the 4 EMA is a very strong sign as far as I am concerned. We didn’t smash right through resistance and that left us with two options. Get rejected hard and retrace the full rally from $3,600 or see support move up and consolidate. The longer we continue to support above the 4 EMA the more likely I think we are to pop through it hard and fast. If that happens then my targets are the bear TL and the 200 day EMA. If not in a position then I would shy away from BTC due to the resistance that is stacked from here to $5,000. However, there are some other options that appear to have less resistance and better risk:reward ratios. XRP and BCH look ready for a big rally that might lead the rest of the market through this current area of resistance. Both recently had an ABC correction that pulled the price into a golden cross with the 50 & 200 EMA’s on the 4h chart.
BITSTAMP:BTCUSDLong
by Sawcruhteez
2
AUDJPY Bullish Breakout Triggered - 4HR The Bullish setup on the 4HR got triggered. During the setup (green shaded area) 2 trades were possible: A pullback trade, with entry at the MTF levels (PB line), and the usual breakout trade at the breakout. Targeting the next MTF levels at 80.863 and 83.960. Trail the stop as the trade develops If you find this useful, please like and subscribe to get notified of updates and new ideas! If you want to tryout the indicators and strategy, follow me and drop a comment or pm and I’ll get you set up. Stay calm, and happy trading!
Long
by DariusZen
XRP/USD finding supportTaking a look at the weekly chart here, XRP is currently printing a doji at a key support level. It is also forming a double bottom inside a larger double bottom at said support that has held since august. a strong close on the weekly could send us back up and I have posted a couple targets to look for given that bullish scenario. While a failure at .28 cents would be a bad scenario for those bullish on XRP, I believe this chart is currently set up better for a move up. A break of .37 cents to the upside could indicate a much larger move is in the works. Happy trading!
BITSTAMP:XRPUSDLong
by Aris_Rising
MITH MITHRIL is about to give massive gain of 30-50% very soon#MITH is holding its position around its all time now.There is high chance for its breakout, that would end its downtrend.Last time it showed a rally of 20-25% when RSI moved to 36. currently RSI is playing around 30-33,everytime it touched 35, rally is expected. ADX +DI is around 16 close to -DI,cross over can be instant. MACD is bullish. We are yet to see rally in 2019, and if this breakout happens we can easily see massive gain of atleast 30-50% in a matter of days. #MITH Mithril MIGHT BE A HIGH RETURN CALL CALL TYPE : INSTANT PROFIT + #SHORT TERM CALL EXCHANGE : BINANCE #MITHBTC ALWAYS HOLD FOR 2ND AND 3RD WAVE TOO COIN : #MITH/BTC Buy AROUND : 1420-1480 ⏬ TARGETS ⏬ Target 1 : 1550 Target 2 : 1652 Target 3 : 1752 Target 4 : 1949++ StopLoss : 1370 OR HODL OR LADDER POSITION WITH FURTHER -5% STOP-LOSS FREE CRYPTO TRADING CALLS ON Telegram t.me
MLong
by open4profit
2
BTC/USD - Bearish Divergence and OversoldBTC has seen a 12.5% move down over the last 4 days ranging from $4000, to $3600. RSI entered oversold region on the 9th of Jan and a small bear flag looks to be forming on the 4hour. I expect we'll seen another leg down to new yearly lows around $2800 over the coming weeks, I will be staggering my long entries within the green boxes. If we see momentum switch bullish again I will be looking to enter into a short term long around $3920 and will most likely hedge with a TRX short. Clear rounding and staggered bullish divergence on the chart could align nicely with lack of oversold momentum which could propel price levels higher over the coming days if $3500 region fails to break to the downside.
BITMEX:XBT
by astronautdotgg