If we zoom in, on 1H chart, the current price action of Bitcoin, it seems to me like Bitcoin is performing Head and Shoulders pattern and Ascending Triangle pattern as well. Ascending Triangle is bullish pattern. Head and Shoulders pattern is usually reversal pattern. In that case, could be considered as bullish sign. But in past, Bitcoin broken this rule...
Bitcoin has still good chance to continue upward. But I can see a lot of bearish signs there. I likely expect drop down to mentioned SL $10K/$9.6K and $8.9K. If BTC gets above $11.5K (which is my bearish idea invalidation level), I will try to harvest profits in $13.5 - $14.5K zone. > 1H = BEARISH = BB very dangerous, we can expect significant price movement...
BTC looks good. Currently trading above the $8.2K resistance level. The daily close above this level is highly welcome. It will lead us to Bullish targets $9K/$9.5K/$10K. My invalidation level for bulish scenario is $8050, daily close below this level. On the other hand ... the nearest support level lies at $7.5K. But I would not bet on this level as a...
Bitcoin analysis update is here. My outlook remains bearish. So, let me to explain to you why... > 4H = Bearish = BB narrow, price below Basis, one retest of the bottom of the channel. RSI decreasing, Level 38. MACD histogram bearish + bearish crossover. > 1D = Bearish = Since the Bitcoin was rejected by $9K level, it still decreases. BB's channels remains...
As we all may have seen, Bitcoin had breaking up green candle and the top line of Ascending Triangle was broken. Bitcoin looks pretty bullish and further upward move can be expected.
Bitcoin formed Triangle pattern for several days and we can see the bottom line of Triangle failed today. As we all may have see, Bitcoin had huge red candle closing deeply below this line. Also, Bitcoin dropped below the Channel. Currently Bitcoin is testing these lines as a resistnace levels. Bitcoin manages to get back over these lines, then upward trend will...
As we can see, Bitcoin was dumped with a huge red candle and the price dropped to $6300 zone. Immediately afterwards the price railed up above $7K. On 1D chart, Bitcoin is loosing MA10. On 4H chart, Bitcoin already lost MA10, MA20 & MA50. Expcept MA50, all previous mentioned MAs going to the south. Technicaly, it means that downtrend begun. This idea is also...
It looks like bitcoin will go upward, directly to the next significant resistance zone between $8300 - $8500. Then retrace to $7000-$6000 zone could happens.
Bearish Bitcoin Analysis based on Elliott Wave Count, Fib Time zones and Fib Wedge tools volume #2.
I threw away my idea about the major resistance as a profit target. Based on current price action and technical indicators, I likely expect the price drops down. If the idea about H&S is right, we could see one last leg up to $5350-$5450 zone before the price goes down. Then I expect a retracement at around $4800 and then another drop to the lower channel line, at...
Bearish Bitcoin Analysis based on Elliott Wave Count, Fib Time zones and Fib Wedge tools. The prediction is based on the fact that Bitcoin is still in ABC-Correction of greater degree and the last bottom hasn't been validated yet. Imo, Wave-A of Grater ABC-Correction is finished and Wave-B is just formed. In more detail, this Wave-B is made up of corrective...
Today, as we all may have seen, BTC had a huge $1000 breaking up candle. Also signicifant volume came. During this flight BTC smashed a few important resistance levels, such as trend line which has been forming for the last 4 months, also $4200 / $4400 resistance levels and finally EMA100/EMA200. Finally BTC got almost to Fib618 and 1D EMA500. Currently is trading...
Hi Guys, This idea is based on modified Shiff Pitchfork tool. Breakout above red line = bullish signal. Breakout failure = bearish signal, followed by drop to 3600 - 3500 zone. If you like my TA, pls. hit that "like" button, follow me or leave your comments. Thank you! Good Trading!
Shiff Pitchfork story continues...
I have been watching this shitcoin for last few weeks. Imo NPXS is getting to be ready to popp. A) We have strong support between 10-12sat. This support was successfully re-tested a few times! B) Volume profile in last few weeks. C) One of the cheapest asset on Binance. I'm looking to pullback to 15-13sat to open more longs. If you like my TA, pls. hit that...
Imo, high propability that new uptrend started! More details mentioned in TA. If you like my TA, pls. hit that "Like" button, follow me or leave your comments. Thank you!
BTC analysis update is here! Let's start with indicators on 1D chart. The most interesting remains BB. It has been 44 days, since BTC moves above BB's Base Line and at the same time reached out of BB's upper border for the 1st time. Since then has been out of the channel 4 times, which is a lot. BB channel remains narrow, indication a significant price movement...
BTC Analysis Update 21.03.19 Hello Crypto Traders, I want to highlight EMA100 again. Yesterday, I wrotte, that BTC must hold above EMA100 for several days. Unfortunately, BTC only close above this level once, yesterday. Today we saw dump below EMA100 and also below 4K level. EMA100 again showed that significantly affect BTC and it is strong dynamic...