Crash or another rally?BTC found a little support at an interesting line. Right at the neckline from the inverse head and shoulders pattern we broke a few weeks ago. Will be watching these levels for a bounce closely. Stoch RSI starting to curve in and hit the bottom of the BB. RSI is heading downward. Currently in fiat watching the 1D/1W charts for a bounce. Will be having tight stop losses if I buyback in. Crypto traders who are out of the loop are FUDing because of ETF delay.
USD-BTC
ETHUSD (Volume Analysis Prediction 7/27/2018)Ticker: ETHUSD
Exchange: OKCOIN
Mid term signal: Outside the market
Coins for the first time in a long time out of sync with BTC
And obviously now there is a struggle for the price
It is important to wait who will win in this confrontation,
and then it is already worth looking for further signs of trend development
At this moment, do not rush to enter the position
I'm worried that the coin will stop going at the cost of bitcoin
But it is still too early to say
GNT Cup and HandleIf this plays out, which appears to be likely we are going to see GNT consolidate before shooting up to the .618 extension levels around .41.
I'm looking at a re-trace due to the oversold RSI levels and a bounce off of the .5 fib re-tracement levels.
*Fingers Crossed Kappa*
OBSERVATION : BTCUSD Reverse Head and Shoulders on dailyBTCUSD daily is show a reverse head and shoulder which would entail a bullish reversal.
IMO overall the BTC chart is trending bearishly and I would be very hesitant to enter this trade until confirmation of the neckline being broken in coming days.
NEOUSD (Volume Analysis Prediction 7/05/2018)
Ticker: NEOUSD
Exchange: BITFINEX
Mid term signal: buy
And so, NEO follows the market as a whole
buy at the top of the trend - this is not the best idea
It is worth buying from a rollback, so we reduce the risk
And also increase profits
Now the coin looks better than the market, but in general it is worth being prepared that it will start to fall after the market
Enter: 38,84
Take profit 1: 42,00
Take profit 2: 44,90
Stop: 37,85
Bitcoin - Two Steps Forward...Resistance continues to keep BTC below 6400.
We hit a high around 6300 before moving back to the current range
We should hit 6400 today and retest that price again. Whether we break through it or not is debatable.
What we do know is there are a number of levels of resistance the whole way up. We have to watch carefully as we pass through 6400. If the market rejects it and the price starts to drop - there may be a short situation. If you are a long term holder - there is no change in the overall outlook for BTC. Just an opportunity to try and collect some more in the short term.
First stop is 6400 - if we can't pass is - be prepared for another dip into the 5000's. If we do pass it - we will have passed the test on the way to 6800 and eventually 7200. Bitcoin grows stronger every year - there is no reason to think this year is the exception to that!
$BTC #BITCOIN - BIG MOVE - why did I expect that?Hello Lads and Ladies,
today we are looking at BTCUSD and there was a reason why I did not do TA on it until now. I was waiting for it to make its classical move up with the 4h candle.
This $500 tall green candle was a move that we see quite often with BTCUSD. I personally expected a even taller candle up to the region of $6800 but that one might still have a chance.
Right now we are sitting right in between two very strong uptrend support lines, which are playing their game now as resistance. The relieving part about this is that we actually broke both of them and are locating ourselves in the middle right now.
Furthermore, we have touched and shortly broken this resistance a few days ago and we came back, even with making a very new low at $5800. The thing about supports and resistances it, the more you touch them the higher is the possibility to break it the next time.
I am trying to keep this short. So what might happen next?
As the next movement I see BTCUSD forming a wedge by keeping this resistance at $6250 with a possible low at $5950. As I believe more in the bullish situation, we would have to break this wedge going up and with that breaking the yellow downtrend resistance. The best scenario of doing so would be with a second big green candle up to $6800. By doing so we would reduce the chances significantly of seeing $5200.
As much everyone would love seeing this bullish scenario happening, there is a second bearish possibility. Again after forming a wedge, failing to break through resistance and falling down to to the next level of support at $5650 or concerning that movements downtrend to break through important supports, even $5200.
To get this straight out of the way. We need to turn that $6800 resistance into support to be in a RATHER safe region and reversing the trend. To do so, we would have to see push towards $7200 or at least $7000, this might happen very fast and within a few hours as we have seen BTCUSD pumping 1.5k within one hour before. ANYHOW, until this does not happen, we are NOT safe at all and could fall down ANYTIME, please keep this in mind.
#Bitcoin Daily Chart Market Movement finally Cracked ?I think this is it... needed the last touch on that main support level to bring some logic to last weeks of market indecision.
:( looks like the texts are overlapping, that sucks ... Here's the snapshot of the chart when published (there the text are all visible).
Bitcoin - Break Out Or One Last Dip?I hate to make calls that are bearish when people are crying out for a bull run but I can't stop thinking of a very real scenario that will temporarily bring us down before up.
For most of this chart I have been expecting a double bottom to match the left shoulder at 6100. It seems to have avoided dropping down to this level - so I am not going to say that this HAS to happen - only that it is a possibility.
As you can see weve been straddling the green downtrend line and thats okay. It doesnt seem like the market is ready to break. This will change of course with one move of the move by a bull.
The pattern is looking less like an inverse H&S by the minute. The current price seems to reflect the last double bottom we had in the 6300's before the slight price jump.
We still seem to be moving sideways - we may temporarily drop to 6100 but there seems to be enough evidence supporting the opposite as well.
My analysis still tells me that this is a perfect place to be buying and hold - the market will turn around like it always does - we may never see these prices again!
Going Down
Our price is expected to be reflected from the level of 7700, after which it went down. For yesterday, Bitcoin lost $ 800 in price, breaking several resistance levels at once.
At the moment we expect a further downward movement to the level of 6100. Therefore, we recommend taking short positions and set take-profits at the resistance level.