Get started

Weeklyanalysis

BTCUSD Weekly Candle Close| EMA's Crossing | Weekly Higher Low?Hello Traders! Welcome back to today’s chart update, which will be on Bitcoins weekly chart, where we have a potential indecision candle close? The weekly trend maybe putting in its local higher low however the EMA’s are showing bearish signs near the psychological $8000 level… Points to consider - Trend still bullish on weekly (Testing trend line) - Major structural support at $6000 level - Local resistance at .236 Fibonacci - Stochastics projected downwards - RSI testing support - Volume declining - EMA’s crossing Trend is still bullish on weekly until trend line is broken, price did fail to make a higher high on first attempt due to local resistance at the .236 Fibonacci level. Bitcoin needs to break this level to put in a higher high to continue this trend. However, there are a few bearish signs that need to be considered, Bitcoin is currently forming an indecision candle at a very critical point, and it is below the EMA’s and at the psychological level of $8000. Major structural support will be tested if the .618 Fibonacci level does not hold, it is probable for a bounce to come to fruition here due to its historical significance. The stochastics is projecting downwards momentum, it can stay here for an extended period of time if this bearish scenario was to play out. The RSI is testing a key support area, where a bounce will dictate a bullish scenario playing out and vice versa for the bearish scenario. Volume is well below average, this usually means that a volatile move in any direction is highly probable. The EMA’s are crossing bearish, this is a very bad sign for the bulls as the EMA’s has held BTC support throughout the whole bull market. A cross will be very bearish and will most likely push Bitcoin to lower levels… What are your thoughts on Bitcoin’s current price action? Will we break bearish or bullish from this psychological level of $8000? Please leave a like and comment And remember, “It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
BITFINEX:BTCUSDShort
by AzizKhanZamani
Bitcoin Analysis on the WeeklyGood evening traders! Bitcoin is bouncing off of $7,700 support on the weekly, holding strong so far. Interestingly, starting in August, Bitcoin is following an odd green, red, red, red pattern weekly. So far, we appear to be in a green candle. Not that I can say I have firm reason to believe this will continue, but I would be skeptical of any red candle closes below $7,700. If I were in Bitcoin, my stops would be set up to protect the huge gap between $5,253.74 and $7,700. $10,148.51 is the next High Volume Node going in the opposite direction. It is noteworthy that as we zoom out on this chart, there is a more historic high volume node at the $6,400, which may provide support. These figures may seem far fetched, but we've seen some huge price moves in August and September, only time will tell if Bitcoin continues to bounce. Keep an eye out for my daily and 4h charts for some short term fun! I'll link in the comments. Disclaimer: This is NOT trading advice! These are merely my opinions that I have posted for educational reasons only. I hope you all kill it, but I am not responsible for any financial losses. Thanks for reading!
COINBASE:BTCUSD
by CryptoRichCrypto
LTC/USD first Bullish signs after halving, going for $250?Welcome fellow Tradingviewers, This analyses is only showing you guys my vision on LTC and should not be considered as financial advice. If you agree or find this analyses usefull, dont forget to leave a Like! We have taken a close look at the LTC/USD and LTC/BTC graph. We have seen huge gains in the beginning of this year due to the block halving that LTC went through. We caught some great moves including the trade all the way towards the $140 area. Since then LTC has been having a hard time in BTC and USD value, we have made a 50% correction in USD terms and a 66% correction in BTC terms. We have opened long positions on both of the pairs and secured a big bag for the long run. We have bought LTC at 65, 67.5 and yesterday at 69.75. The reason behind the trade is that we are now approaching and possibly bouncing from weekly 50MA , which is the moving average that has not been retested since the break above. LTC/USD might also be making a big Cup and Handle pattern on the weekly graph. The Cup and Handle pattern is a very reliable pattern. Therefore we will add to our bag as soon as we see a breakout of this cup and handle. LTC/BTC is also starting to show the first bullish signs after a 66% correction. We are currently trading around the weekly support level and we the last weekly candle has closed as a Hammer candle. Hammer candles are usually located after a significant downtrend and indicate a trend reversal is near. So overall LTC is looking very bullish, targets in USD terms for the short term are $100, $120 and $160 but we believe that there is a pretty high chance that we might extend all the way towards $250 . We will ofcourse update you guys on the way. If you have any questions or comments please leave them below or send a message to @forallcrypto on instagram. Safe trading to all of you! Kind regards, The Forallcrypto team
BINANCE:LTCUSDLong
by ForAllCrypto
Bitcoin important weekly closeHello everybody! I am back from vacation and decided to share my thoughts on BTC/USD pair. (*Going to do more on other pairs too.*) Bitcoin needs to close above 11490$ on weekly to get a chance for 16000$. If we close below, which I believe is not likely - more consolidation and decision time might extend for at least couple more weeks. Only weekly close below 10700$ would invalidate this wave count and btc would likely head straight to 7-8k zone. I studied BTC price action for years and what I noticed that wave 2 or in this case wave (II) has deep correction. As you can see, wave 2 retraced 0.786 before 3rd wave kicked in. This move is very impulsive and this time 0.786 should not be touched. Fib 0.618 should act as support on weekly (volatility might get us lower to catch more bears and panic sellers). Stoping at 1.236 with decent volume and big spike would offer good spot to short or at least sell and wait for better price to re-enter. I will be waiting for 0.618 to finish II wave. After that - party will really start. ****In long term I am very bullish eyeing anywhere from 110k - to my original target of 350k. All depends on how aggressive and steep is price action. ** This idea is NOT A FINANCIAL ADVISE. BITSTAMP:BTCUSD
BITSTAMP:BTCUSDLong
by Patrikas10
2
$BTC in a Weekly Bull Flag since April 2019? Target $18k in Oct!Hi everyone, Here's another update on Bitcoin on the Weekly Chart! After completing the flag pole in June, Bitcoin may be in the process of completing the bull flag structure as it continues downtrending to $8.5k. A simple extrapolation target of this bull flag sets Bitcoin at $18,200 in mid-to-late October 2019. This is inline with our ultimate EOY target of $40k per Bitcoin. We all know how Q4 tends to be the most parabolic and bullish season of the year, particularly November and December. Let's see how this plays out! Cheers, Leb Crypto
BITTREX:BTCUSDLong
by Leb_Crypto
US Dollar Currency Index / W / Weekly Forex Analysis / 6.30.2019Hello Traders, welcome to the Weekly Forex technical analysis. Today is June 30th, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the weekly chart just to get into the calendar, and have an outlook into the upcoming week. Looking at the Dollar Index here on a weekly time frame, we can see the DXY ended pretty mixed last week. Going into this next first week of July 1st, we will be looking for the Dollar Index to make a move from its current state of indecision. Couple of scenarios could play out we could see this indecision play out a bit longer, or we could see some follow through from the dollar. Currently on the DXY we are watching the 96.493 and the 97.465 areas for resistance. And watching the 95.662 and 94.635 areas of levels of previous support. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
INDEX:DXY
by FuturesForexClasses
US Dollar Currency Index / W / Weekly Forex Analysis / 6.2.2019Hello Traders, welcome to the Weekly Forex technical analysis. Today is June 2nd, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the weekly chart just to get into the calendar, and have an outlook into the upcoming week. Looking at the Dollar Index here on a weekly time frame, overall the structure still remains pretty bullish as long as were above the 97.465 support and resistance area. We also had the talk of additional tariffs going against Mexico, which could certainly trigger this to move upwards towards the 98.687 resistance area. If we break above the 98.6 area look for the next target area which would be 99.451 support and Resistance zone. If the DXY starts to lose momentum and turn bearish by losing the 97.465 area, we would be looking for a retrace back to the 96.493 region.
INDEX:DXY
by FuturesForexClasses