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Vaidoveek

BITCOIN [BTC/USD] - Waiting a Bounce Around $3,805-$4,000!Hey followers and other TradingView users! Current Bitcoin' price action displays so different signs on the different timeframes. Some days ago we got a bullish candlestick pattern which might indicate that we have found a short-term bottom - we even maid several HL's on the shorter timeframes - but still, we didn't catch that HH which will be the turning point for the current situation. Yesterday the price made a break below the counter trendlines and as I said we might start for another leg down. So, currently, it has started and we did a several 'break-below' after that (also break below the Inside par candlestick pattern on the daily chart, which will indicate that we see lower prices). Yesterdays evening we got a candle close on the bearish confirmation area (below the light blue trendline and below the daily strong area) and the momentum guides us to the $4,100. Still, we don't have taken out or touched the round number below us which is $4,000 and I assume we might see a touch IF the price stays on the channel! The channel downwards is pulled from Lower Highs, copy-paste and dragged into lower lows. It should act as a support and now it depends on the downwards movements. Do we get a bounce from the strong area where is the round number $4,000, two daily strong support levels from 2017 and this channel bottom trendline? Those all together makes a crossing area which should act as a strong support and a possible V shape have to occur on around $3,805-$4,000. If we fall down almost right away then this area would be much stronger because of the bottom trendline which should match with the round number and strong daily area. Currently, why I think that we get a bounce back into the gray area is because of the light blue trendline since March 30 and the second touch 24. June . Over the night we made a break below from the trendline and now it should act as a resistance (a classical example about the retest ). If we get a rejection from current trendline then I wait for a bounce from the gray area. It would be perfect when the bounce would be quick and sharp. Touching all the trendlines and support levels and gets a rejection upwards which forming a V shape (also search some bullish candlestick patterns on the mentioned area) a small breath out from the channel upper trendline and another move upwards from $4,100 which forms a bullish inverted Head and Shoulders pattern. If we find a strong buying power right away and this break below the light blue trendline was just a fake out then bullish confirmation comes from the green area which is above the channel upper trendline. It would be a first sign that the price want's to see finally some higher prices and it is ready to climb but remember, this confirmation comes after the break upwards from upper trendline. Bearish confirmation comes after the break below the gray area which is currently the strong support area where we should get a rejection. Please, don't forget to LIKE, COMMENT & FOLLOW! Thank You for your support, I really really appreciate it! Have a nice weekend! Cheers! *This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
COINBASE:BTCUSD
by VaidoVeek
13
BITCOIN - A Possible Short-Term Bounce, Overall, Pretty Ugly!Hey, just a quick update to fresh some levels on the chart! If You look my older post then there I put on the update section that this green box on the chart between $4,929-$5,102 should be the bounce area for short-term traders. This is the area where we were more than a year ago and now we approach the same levels. This green area is actually the "clean area". Price have touched those price levels which is on the green box only once but overall the market doesn't "allow" this so, we could fill up this area and the bounce may come around 5k! From the technical perspective, we trade on the sloppy channel downwards and we could say that this may be the-next-leg-down Bear Flag but we have also pretty significant reversal indications on the current above, remember(!), not confirmations but indications! Small bounce criteria: 1. Fibonacci extension - from last bigger LL (Lower low) at 28. June 2018 and after that next LH (lower high) 25. July - 127% 2. Fibonacci extension 127% from recent highs and lows after the drop 3. Different timeframes RSI divergence 4. This green box should act overall as a strong support level 5. If we reach as low as 5k than the 5k itself should act as a support level - round number/psychological level 6. "Virtual Channel" bottom trendline (black)should act as a support Now the bearish sign: 1. Massive down pressure 2. Incredible bearish candle consistency on the 4H chart 3. Altcoins take serious hits which all indicate that the money flows away from the coins 4. A candle close below the 5k and below the $4,929 should mean that we go into the deeper levels but I just don't want to predict how low it could go. 5. Possible bearish continuation chart pattern "Bear Flag" Actually, this all looks pretty ugly to me IF we don't get a bounce from the green area, very ugly! Just watch the price action who wants to mess with the market (bullish chart patterns breakouts from the lower timeframes on the green area, bullish candlestick patterns and etc.)and who looks short-term entries but my recommendation is to stay away from the markets and to not mess with it! NB: Here You can find only SHORT-TERM bias! Hopefully, this breakdown helps You out a little bit to confirm Your own analysis! Please, don't forget to LIKE, COMMENT & FOLLOW! Thank You for your support, I really really appreciate it! Have a nice day! *This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
COINBASE:BTCUSD
by VaidoVeek
10
AUDUSD Bullish Head & Shoulder. Long Setup....ANALYSIS: Here's an opportunity to Long AUDUSD.It is in it's right shoulder.wait for the confirmation of the chart pattern and the breakout of neckline.After breakout starts, We will take entry.It has total potential of about 500 pips profit potential.It has two target which are marked on the chart.So don't miss it. INDICATORS: 1. RSI 2. MACD 3. Moving average 20, 50,100 GOOD LUCK FOLLOW Me for more ideas.... Leave a Like,Comment if you Agree...
Long
by I_am_7harry
8
BITCOIN | Inverted Head & Shoulders EVERYWHERE!Hello, dear followers and TradingView users! I have been asked a lot - do You see an inverted H&S pattern here, do You see an inverted H&S pattern there! So, I decided to give a nice and little bit shiny chart to them who are in bullish bias! On the image above we have two inverted Head & Shoulders (HS) patterns , one is smaller and one is bigger! The bigger inverted HS started to form since 05.05.2018 and if this wants to be PERFECT and symmetrical then it has to end at 23.08.2018 (the end price around $10k) Right shoulders would be then around $7000-$7100 The smaller inverted HS. Yes, it is smaller but plays a very important role to complete perfectly this bigger HS! We have to come down almost right away to form the perfect right shoulder which guides us to the $7700! Right shoulder bounce criteria (from $6000-$6150) is a support level from 13.06.2018, a perfect Fibonacci retracement level 62% and the psychological number $6000 (round number) Hopefully, this helps You out! This chart is not my style but those inverted HS are just so perfect AT THE MOMENT! Don't forget to LIKE, unless You don't appreciate it! ;) Thank You very much!
by VaidoVeek
86
BITCOIN DANCE BETWEEN THE BULLISH AND BEARISH AREASHello, my dear followers and the other TV users! At first, I will try to give You a little bit bigger picture and in the update section, I will continue with the shorter timeframes! At the moment BTC shows us some bullish signs and some bearish signs and we step between those important levels. Let's start from bearish signs: 1. We had yesterday two types of "Rising Wedges" and also two types of "Bearish Flags" - we break all those patterns downwards 2. We break back below the minor trendline since 14.05.2018 3. We break down from the major continuation pattern "Rising Wedge" 4. The trend is Your friend and the trend is down at the moment! Now the bullish signs: 1. We have an uptrend since 24.06 2. Yesterday's candle closes above the round number which is $6500 3. The bounce comes from $6414 where met decent support/resistance area, Fibonacci retracement 62% and the bounce was supported also with EMA100 4. Also, there was a possibility that this bounce from a new HL 5. At the moment the price is back above the trendline and above the $6500 Summary: At the moment there are mixed signs! IF the yesterday's candle would be closed below the $6500 then it would be also much easier! But this bounce and possible HL makes me a little bit cautious about shorting - need more criteria (like yesterday)! But in the other hand, I just don't see the buyers power at the moment to push this price up and the zone where they have to push this through, this level is very strong! Only long candles can beat this levels and where we get those candles - we get those candles then when we see a very big volume! Wait for some updates and chart patterns from the lower timeframes! Let's seek and FIND nice confirmation boxes where we can enter the trade! Don't forget to LIKE, unless You don't appreciate it! ;) Thank You very much!
BITFINEX:BTCUSD
by VaidoVeek
60