Bitcoin Projections: Targets InboundWe are beginning to establish a more secure bottom at the .786 fib line around 7180 and although its still a possiblity we drop to 7k/6900 we are so close to the bottom that i'll use the drops from here to accumulate more entries but patiently wait for the swing up to 8300. Which would be a bout a 15% swing. Keeping it simple for everyone with this chart.
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Thecryptoblend
Bitcoin Projections: Making It SimpleHey Everyone,
If you enjoy my content please like and follow. I do daily updates on bitcoin, and i'll do TA's on altcoin signals as well, but if you really want to stay up to date on everythign crypto then check out my discord channel "the crypto blend". I can't drop links but you can google it or just look it up in the discord platform. We leverage a team of professionals to bring you everythign crypto to one central location and we do it absolutely FREE. Bring a friend if you want FREE lifetime access to our premium channels once you join too :)
Lets jump into this...
My youtube video is up on this chart too if you want explantion for my projections.
Otherwise, establishing support over 8400 indicates a rally to 9k, and if we get shut down in or under that red box (8400) then I'm targeting 7700-7800, more specifically the 7775 target is the 618 fib golden pocket. If we drop to 7800 my mid term sentiment will be A LOT more bearish, I'm leaning more bear right now even though we have such wondeful news coming out in the crypto market these markets are too heavily manipualted for fundamentals to not be manipulated as well until we get more retail/institutional money in these markets to make the manipulation have less of an impact
Until we get over 9100 and establish strong support as we did previously I wont be turning my bullish sentiment that direction. Those are the numbers im watching for. lets see how it plays out.
Bitcoin Projections: A Point of Apex - How I'm Playing itHey Traders
Missed my 7800 - 7900 by about 100$ ideally would have made me happier had we come down and seen a bigger jump, and its possilbe it may still play out with the elliot wave count in the 5th primary wave we are in, however, there are several other possibilites worth looking at playing out as well.
To sum those up, we're at a point of APEX (critical point) that should force us to make a decision of breakout or rejection. Looking more towards a breakout my green boxes are my targest and entries (lower boxes being entries) higher one being targets. I prefer not to play breakouts but when I dont catch the bottom sometimes thats the only other option in order to get in. I prefer to wait for support after a breakout, but depending on the volume in it i have missed out on potential gains because of it. Better to always have a set of rules and stick to it then to not. Remember that.
As always, this is not financial advice, just my opinion and how i"m planning on playing this apex point and what I can expect from bitcoin. If we break up on th wedg then we should be safe not to see lower lows until we rebound up to 9k in my personal opinion and charting.
Please follow and like if you enjoy these charts. I have several other platforms you can follow me on under the crypto blend or crypto hippo on youtube. I cant post links in here so check them out. Best place to follow EVERYTHING crypto is my discord channel where I use a group of professionals to bring EVERYTHING crypto to one central location. Fastest growing crypto group in discord. Definitely check that out.
Bitcoin Projections: Things Are Looking Bearish!!!Hello Everyone,
With Consensus 2018 in the works we would have thought to see more bullish momentum in the market but that just doesnt seem to be the case. Yes, we are getting higher highs and lower lows but the sell volume is still very strong and we havent been able to get up and over 9k and establish support, I fear this next attempt will be our last if we cannot make it. Bitcoin is def. taking the stairs on this uptrend. :)
In my chart I've boxed the critical points I'm looking for to either short or go long. Because of the indecision and market sentiment I'm focusing on small swings in this channel as longer trades can easily result in being caught in a red waterfall from bitcoin.
If you have any questions please feel free to leave them in the comments below. You can search me in youtube under crypto hippo or join my discord channel for free daily updates on bitcoin as well as signals, news, education. --- literally everything crypto in one central location. Absolutely Free - bring a friend to gain access to premium channels for free to (147 dollar value)
Happy trading everyone, best of luck!
Bitcoin Projections: My Entries and TargetsHello Traders
A simple chart showing my entries targets and exit targets.
As always, this is not financial advice, just how I'm playing this corrective/impulse wave up right now.
I expect 9k to show massive resistance, and i'll exit at 8900 roughly. 9k also has horizontal confluence and the 200 ema resistance band is right there. So lots to support my decision.
My entry was just hit at the .382 fib line on the retrace of the 3rd wave which was a small retrace but expected due to the pullback of the first wave was to the .5 fib.
And Lastly, I'll look at reentering/observing what happens at the .5 and .382 fib lines on the 5th wave completion for a reentry if we are going to attempt higher highs. If we fall below the .618 on the retrace then i'll assume more bearish sentiment and that we could possibly be observing an impulse wave down instead of an impulse wave up.
We are still in a bear market until we can pass over 11780 basically and create a new high.
If you enjoy these charts please like and follow, I appreciate all the support, ultimately I'm working on building the largest and most helpful community in crypto in my discord channel called the crypto blend. I can't post links in here so check me out on Youtube under crypto hippo and facebook group is the crypto blend. Take care and best of luck traders!
Bitcoin Projections: How I'm playing this CorrectionHey Traders,
I'm optimistically bullish until we drop under the .618 retracement line. With that being said this chart shows my expected entry and targets for how I plan on playing this bitcoin recovery.
This is a temporary play which is why i have exit targets and I'm not holding til a new high, As more data comes in i'll look at taking a re-entry position and aiming for new highs if that is what the market leads me to believe. stay tuned for that.
You can follow me on several social platforms under crypto hippo or the crypto blend. I create a daily video of bitcoin for those of you who would prefer videos instead of the charts I put on tradingview here.
Thank you all for your support and comments and please follow if you enjoy the simple, yet effective charts I put up.
Bitcoin Projections: The END is NEAR!!!Hey Everyone.
looking at our expected daily update of bitcoin today and we can see the correction is playing out in tune to our previous charts. I highlighted critical points that would determine if the correction would play out deeper or if we were looking at a potential larger elliot wave playing out in the bulls favors.
We saw divergence in the volume vs the climb on the chart that confirmed we'd see an expected drop lower. Sign #1.
We are seeing that same divergence with the attempted retrace right now at 8600 which supports my belief we will drop further shortly out of this bear flag thats forming on the 1 hr chart.
Lastly, our end of Wave C projection is most likely 8100 to be a safe bet, and even 8300 is a safe entry i'll start stacking my longs at. A drop below 7900 should be worrisome and is worth looking at bitcoin agian to check indicators on whether we may be downtrending at that time rather than just experiencing a correction.
Hope this helps> As always, this is not financial advice. :) Take care and best of luck traders.
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Bitcoin Projections: It's All About the CorrectionHey traders,
Quick Summary, focus is on the correction today for obvious reasons, where is the bottom? 8700-8900. lots of confluence at this zone. I project a wick will make it through the 200 ema on the daily chart and bounce with nice volume off the .382 fib line for the overall retracement, if we fall below this area things may get bearish real quick.
Remember, its a bear market til we pass over 11780ish. As such, we can't let these rally's go to our head like Bitcoin is invincible. :) lol
Make smart moves and recognize when critical points are broke to validate certain scenarios playing out. Its easier to make short term projections than long term projections, as a trader, this is where the money is made.
If we break out of the descending channel we are in and find support on top of 8300 then a SHORT TERM long position I will enter to 8600 attempt, although i expect to get shutdown from there and fall lower overall.
Best of luck traders.
If you enjoy my videos please follow and like, you can find me under multiple other platforms as well under the crypto blend or crypto hippo. I can't post the links in here though so just YouTube it. Im the only crypto hippo :)
Obvious Correction In Play for BitcoinA lil projection for how deep the correction will go on the hourly chart and some entry zones that im looking at as i do believe bitcoin will climb to see a higher high now that we have passed over 10,750. Market Sentiment is bullish still. Corrections are playing against the trend, going long is a more realistic play til 10k, 10,800, and 11,600. All critical points for taking profits in my personal opinion.
Looks like its alt season, as this last week has been strong with alts and that should continue. We will most likely see a slow climb and periods of sideways consolidation and movement from bitcoin which will result in alts taking the lead for a temporary period of time.
My focus right now is to accrue more bitcoin by trading alts as alts are going to have bigger swings now, as we've already been seeing, and then cash out Bitcoin profits at those key levels.