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Tothemoon

Similar Pattern? Still heading up in a bull flag?I find the patterns here on the last two rallys eerily similar. Two bumps against the top of the flag, then only a partial retrace down to the red box before it reaches the top for a 3rd time. Then a bounce off the bottom and back and forth before another rally up. What do you think of that? My initial 3rd wave projection appears to be off, and if the 4th wave drops any further, it will invalidate my EW count... but even though the wicks of the 4th wave and 1st wave overlap just a smidge, I'm keeping my count where it for now. Another bounce off the bottom of the bull flag could trigger the 5th wave up to 6800-7000.
BITFINEX:BTCUSDLong
by bluemt95
1
The bottom is behind us...uptrend continues!See my previous idea from June 26 for confirmation of this idea. The EW waves have come to fruition, although it took several days longer than I expected. This current wave of Monday morning I hope gets up closer to 6800 over the next 8-12 hours so we can see a nice retracement of the 4th wave without crossing back below the end of the 1st wave. Guessing how quickly these waves will move has been a challenge for me, as it seems the BTC is sluggish for 90% of the week and then decides to make up all the ground in a 30 minute time span! Hopefully you all got in on the trading action before Friday, or at least before this morning. My last idea mentioned that 6000 or below would be an excellent buying opportunity, and I was right. I added 20% to my position at 5915 last Thursday evening, the 28th. I'm up 12% on that buy already with lots of headroom to go. Let me know what you think of my EW counts. Longer term, I would expect a retractement of this impulse wave structure back to around the 6600 level before continuing in the uptrend channel. Have a Great Day!
BITFINEX:BTCUSDLong
by bluemt95
2
Bad Day for Cryptos-May 23rd!How does this fit in the long term?I'd say, bitcoin/other alts, are technically on extreme sale right now, which is about to end the beginning of June! (That is if bitcoin sustains a level above 7000) MACD on 4 hr has been winding on and on since the first time Bitcoin hit 6000. At any time it could become pressurized enough to make a move either way. Why does it have to hold above 7000? -Psychological support, possibly a 3rd failed rally to break 12000, might mean retesting and breaking 6000, also 7200/7400 is a fib. support zone of the previous 2 major uptrends. Breaking bellow 7000, would be the bearish scenario. What I do see next is a potential formation to wave 1(Bounce). This won't happen immediately, it would most likely happen after a couple of days of stability in which buyers will potentially wake up and see the opportunity. My assumption is that Wave 1 could go all the way up to 9000 before wave 2. This would be the bullish scenario. As always, like, share or comment any kind of suggestion or addition to the chart!
Long
by step_ahead_ofthemarket
Updated possible bullish mid term scenario on DashThe red line is Bitcoin, and the axis shows percentages. Scrolling through the chart, we can see that Dash reliably follows Bitcoin's price with one major exception: when we entered the big bear market in 2014, after the Mt.Gox pump, Dash had quite a big increase in price (around April - June 2014). We might be in a similar scenario right now: Bitcoin had an intense pump and might need a longer cool off period, now. If history repeats itself, this might be the chance for Dash to go up. Trend line, as shown, is touched multiple times (happened just recently) and overall uptrend in the higher time frames is still intact. If this scenario plays out, I suggest to #btfd and enjoy the ride.
POLONIEX:DASHUSDLong
by allyouracid
1
BTC/USD - going up again?The last few days I would say there were lots of bullish movements. We went up very fast to 8800+- where we found a resistance in the form of the fibonacci reatracement( level 78,60% of the highest top) The possible reversal or re-run will be formed at approx. 8400$ where our trend channel is located. This trendchannel has finally been confirmed in my opinion due to four bounces on it's lower support. Still difficult to say where the prerun will take place. RSI --> curving back in between it's boiling bands from being overbought for a litte time. ( means normally that we will have a short correction downwards) When the Bitcoin finished the re-run and the bullish power is enough at 8800$ we should be able to break the resistance and the next target should then be around 11200$ This is only my opinion and should not be a buy recommendation or advice.
COINBASE:BTCUSD
by jakob.glechner
Bitcoin. Bull market. Correction Part Good night, everybody. With you your Matthew and today I will give you levels for long positions and levels for fixing short positions. I will also explain what is happening in the bitcoin market at the moment. We have entered a phase of growth, which I am now 100% sure of. The schedule is in front of your eyes, you can see it. Also levels to buy. Now we can go up a little bit, then go back to the levels. I also want to get ahead of myself. In the 3 ancient wave of growth, we will cross the mark of 20,000 dollars for bitcoin. As wave 3 always exceeds the high of the 1st wave of growth. Put likes and subscribe
BITMEX:BTCUSD.PLong
by TimurKuspanov