Bitcoin - 6 and 8 now the levels to watch for breakoutsMay have tested support just now and going to stabilise at the old trend line around 17.5k by next summer.
Near term watch those how quickly it's going to get to either 6 or 8k.
Long term... Either the underling currency proves itself resilient and finds fair value between 8 and 20.
Or else... emp attack... a new silk road... whatever...
:-)
Usdbtc
Elliot Wave BTCUSDWell Hello there.
1-This is the best count i could come up with after analyzing the chart for 3 hours straight.
2-i did try to break things down to the 1 minute chart to make sure every impulsive and correction waves
obey every detail of the EW rulebook
3-we can see that wave 4 of 5 and wave wave 1 of 5 overlap by a tiny percent (wick for wick) you know BTC is
highly leveraged so up to 15% is allowed and the overlap did not last more than 15 minutes so i'm going to
accept this exception, the same overlap occured between minute wave 1 if subwave 5 of primary wave 5 (in green)
and wave 4 of same degree.
4-the 5 wave structure of wave (A) are pretty obvious and perfectly bounced of the 38.2% FIB ratio and same area
as primary wave 4
5-Now we should see a small uptrend towards Wave B witht the price predicted give or take offcourse
6-i'm assuming Wave C will retrace back to the 61.8% Fib Ratio around the 8 k region (+)or(-)100$
For wave B price Reach it Depends on what correction we will see,
personally i would prefer to see a zigzag pattern which leads me to
think a retracement to around the 8.6-8.7k area is fair enough.
**If you are into time cycles i can see this correction ending during the first week of april
Like and follow for more charts and i'm happy to break things down for you on smaller details upon request
Bullish Bullish BullishMost of my description is written on the chart, IMO this is just subwave 1 of wave 2 (which started at 6000k earler this year) of primary wave 3 which hit the ATH at 19.5k, after this coorection Ends we should be seeing a huge wave 3 rally because we all love wave 3 and the coming wave 3 would be a triple (wave 3 of wave 3 of wave 3 on the bigger scale) starting in the few coming days
BTCUSDMost of my description is written on the chart, IMO -2.90% this is just subwave 1 of wave 2 (which started at 6000k earler this year) of primary wave 3 which hit the ATH -2.23% at 19.5k, after this coorection Ends we should be seeing a huge wave 3 rally because we all love wave 3 and the coming wave 3 would be a triple (wave 3 of wave 3 of wave 3 on the bigger scale) starting in the few coming days
Fasten your seatbelt BTC ready to land!Dear crypto friends,
not looking well this days for our lovely BTC, the next steps are signaling a drop to 7k, which will probably lead to an uptrend correction on the long term.
Two consecutive bear pattern are a very strong downtrend signal.
Trade safe and be wise.
COMPLEX USDBTC Technical Analysis 2.1 WE are Going Down !!What's up Guys, a Little update on BTC.
For the moment we are still looking at the 4.7K level for the BTC 5th wave bottom. we could be seeing BTC as low as 3.5K.
There is not much to say other than Wait before investing in BTC and you'll be Rewarded!
Guys! Please be careful with the news! Learn TA and you'll be a lot more successful!
Learning Risk management is the way to be successful!
BTC - MUST RETURN TO THE MEANUNPRECEDENTED - on the 1d chart the 50 EMA and the 100 have crossed over, this has not happened for an extremely long time. This could potentially be the indication of a prolonged bear market setting in. But in the mean time there is still some price action to be had. Will we have a long bear market? I predict some high volatility sideways trading (great for traders) over the next month or so but not anything like in 2013. Although this EMA cross over is huge news.
BTC is currently sitting just above the 200 EMA on the 1d chart, and below the 50 and 100. On the 4h BTC is trading way below all 3 EMAs.
BTC has it's RSI on the oversold side currently sitting at around 40 ish. MACD has crossed over bullish on the 4h and is looking for separation.
In a previous post I predicted BTC would break down from a bear flag that had formed and it did - it almost met my target and bounced right off my purple box. It seems we are trading on simple formations for the time being and BTC is now forming what appears to be a small bull flag.
RSI and MACD both indicate that this flag could come to realisation - volume is steadily decreasing as traders step aside and algos knock out anyone trading on leverage. We could potentially see a break up in the next few hours.
By the looks of the flag on the chart BTC should at least break up to around the 10200 mark but if it were to want to come back above it's EMAs on the 1d then it would have to at least make it above 10,5k.
A reversal to the mean is in order. I fully expect BTC to come back up to the zone indicated by the green box on the chart. If you don't like high risk trades now might be a good time to be sitting in cash, and if you've bought the bottom at my purple box then good job sit tight.
BTC will face some major resistance around the 10k level and the 10,2k level, which historically have shown themselves to be extremely reactive - orange dotted lines.
I have readjusted the channel and still see BTC on a general upwards trend but much less steep than I had previously anticipated. This is healthier.
The only thing which could potentially change the charts and or targets are influence by Mt. Gox sell offs, but to be honest this is mostly FUD and psychology which causes the crashed in the grand scheme of things BTC will do what it wants.
The blue line and red line on the chart are downward trend-lines. BTC has shown itself to be extremely reactive to these. The blue one is relevant to a linear chart - shown - and the red one is relevant to a logarithmic chart. Both of these lines have an effect on the price - there must be a slight division/anticipation psychologically, a lot of people will watch one or the other and some both - so these are bound to have an effect.
This is of course not financial advice and you should do your own analysis.
Best of luck!
X
BTC-DAILY: What will be will not stop me 12/3/2018What we see is what we have, so educates your eyes.
12H: I see a BULLISH double bottom pattern at the end of a correction inside an uptrend started at around 6000$ support level, all of this it's inside a MAIN DOWNTREND started in December, so we are in a Bearish Market.
The correction of the main downtrend started at 6000$ has configured itself in a H&S pattern failed at its inception that was igniting just below 200EMA at 11.700/11.800 key level ( BLUE BRAKE LINE ), we lacked in strenght and BTC has been rejected reversing in a downtrend at the end of wich we are seeing the actual Double Bottom Formation in wich we are now. Double Bottom Formation it's usually a BULLISH signal is supposed to have two throug the second of wich it's supposed being 10%-20% of the first main one and its intention after the last upward movement it's to brake the resistance (in this case 20EMA&50EMA) and set it as a support, but as you can see in the 12H chart 20EMA it's just crossing down 50EMA, so it seems like we still not have enough strenght to pass by and indeed if you go to 4H you'll see 200EMA setting itself exactly where a support/resistence it has been setled during the first trough of the Double Bottom that in my opinion will fail and reverse itself at this value ( RED BRAKE LINE ) and we'll see red in the next hours, so probably next two daily candle will close under the closure's value of today candle.
ADX-DMI also shows a bearish moment, even if the Stoch RSI has to go up, this mean little or no movement.
6H: I see a red candle that probably will be involved in a Fractal Pattern, indicating a reversal of the trend.
We have just crossed 20EMA but 200EMA is above us and 50EMA is on top of it, so regarding the rapidity of the new downtrend this 50EMA shows us that probably it would be a slowly decreasing whit little lateral movement.
4H: I see 200EMA just above actual price action, far below the key value of 11.700/11.800 (BLUE BRAKE LINE)
Than i see Chikou Span trying to brake 200EMA and eventualli cross the Price Line, this would be a Bullish signal I don't expect to accomplish.
1H: I see Volume divergence in the OBV oscillator but price it's going up and this is a Bearish Signal.
Chicou Span is actualli above price action and this is also a bearish signal.
So I expect a reversal of the BTC movement in next fex hours, in the price zone near 200EMA in 1H chart and possibly a downmove whit little lateral play.
Make your own observation and decide by yourself.
Starting BTC 5th wave - BULLS dayDear Crypto friends,
we are riding the first real bull run since the big drop.
Currently we are probably approaching the 5th ascending wave, it could head to 10k or probably after a small correction to 11k .
Only the future will tell us.
*this is just my opinion I'm not a professional advisor! Make you choices wisely and manage your risks!
Do not PANIC - correction of Bitcoin (BTC) it is necessaryHello friends, Today I am glad of the movement of BTC.
You may ask "WHY" ?
As I wrote in my latest analyzes, I wrote that before a breakthrough of the reverse model of Head And Shoulders Pattern, is a possible correction.
I'm delighted that this correction is happening. It will give even more power of Bitcoin. This correction is needed on if you look at the 1 Day graph.
Before moving up we need a double bottom in levels around 9200 $. Our graph shows just that. In these levels bulls must take precedence and do not allow a breakthrough. If this happens Our target will be levels of 17000 +$
The only thing we need is patience.
You can use levels from 9200 $ for buy. My opinion is that it will be the bottom and we will not see it at low levels.
I expect your comments.
BTC/USD is Showing Bull Signs 200% + ROIHello, Trading View,
We might finally have confirmation that the price of BTC to USD will go up. We just have to be sure that it breaks that resistance line. Before I am fully convinced. The 50 MA and the 100 MA are touching so show a trend change confirmation. Also, we have the MACD touching the 0 line to confirm it's moving in the direction we want it to go.
On the final confirmation, I would take that buy-in. In my opinion, you should too.
Buy-in Zone: 12646.1
Target 1: 13625.5
Target 2: 14811.1
Target 3: 15996.7
Target 4: 17182.2
Stop-loss: 10940.3
When you feel like stopping. Think about why you started.
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Incredible news for BITCOIN. Who said that "BTC is dead" ?A whole week I spoke with a "top" analysts from tradingview who said that BITCOIN price will be a 1000 $ ......
In the last few days I published several analyzes which have come true. Yesterday's movement was a confirmation of the blue channel breakthrough. Now he is our support zone. 1D and 4h charts are overall bullish too. This is a victory for the bulls! My analysis yesterday was saying that.
We had a great fight between bears and bulls. For now this battle is won by the bulls. As you can see, there is a movement of Altcoins, which means the market sees safety.
Our next target is pink a dotted line. Bear in mind that some Altcoins are still in correction. The high movements will come when BITCOIN it shows even more security. This can take days or weeks. I think before breaking the pink line we will have a small correction. Watch the volume of BTC. It will show when we will be preparing for a great movement.
As I said, we may have a small correction but the most important thing is that we left the blue channel and now he is our support area.
Give a like and follow for more updates.
BTC-USD -Good news, brothers and sisters!Bulls to come back soonAs I wrote yesterday we have a very good signal for Bitcoin .We went out of the area of the bears. This is one great news for Bitcoin and we need to stay above it to seal the broken downtrend. On the graphics 1 hour we see there are several attempts to return in the area of bears, but the red line proves to be a strong resistance. This is our support area, if we remain above this line, and we can move on to a new phase in this market cycle.
What next ?
If the price is kept above the red line and the 4 our graphics it is possible to test the black line. It is important to note that we need a correction.
However, this correction will be a little late, it will be the moment when "smart money" come.
It takes a little patience.
I will update the analysis.
I expect your opinions and comments <3
Oh, yeah - The Important DAY for For BITCOIN - What next ?Earlier today, I published an analysis before the great movement . I expressed my opinion a breakthrough of bullish flag, 10 minutes later it happened. We are currently forming a second. Now BTC-USD formed a second bullish flag, which aims to break through 10,800 $.
Breakthrough over 10 950 will be a strong signal LONG position.
As I said earlier today the market does not need any major adjustment as many analysts shared that the price will come to 4000 $. This price is possible only with a large market manipulation.
But you should always have one in mind. Wait for a sure sign for LONG position.
I expect your comments. You may also look at my analysis from this morning