USDCBTC trade ideas
Bitcoin Lost Its Soul MateBitcoin left behind its lover in the 6k ranges, it will go down there once more to pick up its soul mate before taking off.
Heaad and Shoulders pattern might confirm - watch out!It's very likely that the pattern might complete. Pay attention to the neck line - if it's broken, then plan you trades accordingly.
Targets:
If the neck line (at approx. 7000 EUR) is broken down then the possible bottom or next entry might be around approx. 5800 EUR.
weekly rangein 7hr a new candle will appear most likely red range
low 6600
mid 7700
high 9500
or
low 6400
4800
3700
Bitcoin will start his own Bullish up trend soonAccording to my analysis method based on Ichimoku clouds, I hope to doubt the upward trend.
Max price is 5500$ for next 4-5 days.
Elliot + OCOWe have an OCO being finalized within the waves of Elliot
With the news about Bitmex using the balance of customers in Tether could cause the BTC to fall by breaking analytics
BTCUSDC PENNANT FORMATIONAfter last nights scare, we seem to be holding the bottom line of the pennant at the moment. Check the volume for the next possible move.
~LK
BTCUSDC Head and Shoulders - 1hr Chart Is this a Head and Shoulders forming on the hourly? Would love to know your thoughts.
Bitcoin Oversold, The King will RISEToo many bullish fundamentals going on looking forward. Institutional investors are putting skin in the game soon.
John McAfee gave a prediction of Bitcoin reaching $1 mil by the end of 2020!!!
Just my opinion :)
BTC - The State of our BTC - UNION [SOBTCU)I am seeing a lot of people making calls on BTC based on useful TA and insightful written analysis. But to keep it simple let's take a simple look at this complex price action. If you follow me you know I use a dotted Orange Trendline as the Primary Trend. Once the Primary Trend is broken I use it as a reference for support and resistance as seen in the chart. I made the supporting trendlines. So let's see what's going on:
My fellow crypto-Trader's this is the State of our Crypto-Union. It appears from the chart that the following is obvious:
1) The price action is using the Primary Trendline as resistance.
2) BTC is trading in the lower in the lower triangle using an artificial trendline as support to demonstrate a potential volatility squeeze (presumed).
3) As I type this the BTCUSDSHORTS are rising.
4) On January 22, 2019, the price was squeezed down to $3433 to flush out the long positions (classic big money manipulation to drive the price lower).
5) On January 27, 2019, another attempt is made to drive price lower driving out the new long positions (still trying to drive the price lower).
6) on both squeeze's the price recovers to about $3533.00 or within $3.00 of each other. This demonstrates buyers still willing to take positions near $3400.00.
So WTF? BTC shorts rising; BTC using the primary trend as resistance and volume is drying up -- all seems BEARISH! BUT, LOOK AT THE YELLOW RECTANGLE? We are trading in a $220 dollar range and just below the mean of the rectangle. So, is this BEARISH? It appears BTC is range trading with a slight bearish short-term trend. If the artificial trendline holds as the support, we could see a VOL squeeze with a Bearish move.
I am an innocent bystander watching how this turns out because a major move will no doubt ripple through the other major crypto's. I would not even consider taking a position, Long or Short. If anything, look to the trendlines to enter Long or short position strategies. CYA ( Cover Your A$$) this may be a wild ride. I still have a price prediction of 3k by February if you want to know what I am thinking. I would look to LTC and XRP for some excitement... ETH is showing some crazy vol moves as they try to drive the price action lower.
If you find my simple analysis and UGLY chart lines help you make better-informed investment decisions, leave a thumbs up and follow me for more exciting chart analysis. Don't forget to follow me on Twitter for my exciting up-to-date charts and life events.
Best,
Biff
