Buying pressure continues to weaken due to the long weekend in the US market. If this continues, Bitcoin is likely set to revisit the lower levels soon. The chart above shows that price has been held consistently above the cloud over the past week so a "deja-vu" is possibly in the cards should price breaks below the triangle. The levels around 7000 should hold...
What I am presenting here is an interesting comparison between the past and present bear seasons of Bitcoin. We have the main chart (above) showing us the current bear season that started back in December last year. Whereas the chart below shows us Bitcoin's last extended bear season which began in December 2013 and ended in late-August 2015. Click on the...
Based purely on technical analysis with no ETF mambo-jumbo that makes your head spin, the last phase of this Bitcoin Q3 Forecast is gradually materializing just as predicted 56 days ago. >> BELIEVE <<
Bitcoin is embarking on a journey to 10K and possibly beyond as the market eagerly anticipates the upcoming and biggest ETF frenzy in crypto history. For your convenience, I have marked and labeled the dates of every ETF decision on the chart so you can see how Bitcoin trends during this exciting period and how price reacts to these milestones, before and after....
Ranked as the fifth largest cryptocurrency per market capitalization, EOS is one of the most promising and sought after cryptocurrencies to date. During last winter’s biggest crypto rally, EOS broke its previous ATH record of 5.48 when it reached an all-time high of 18.65 on Bitfinex. Four months later, EOS defied the bear market and achieved the impossible by...
Good day, fellow traders! Bitcoin has formed a Double Bottom Reversal following a violent selloff that drove price down to 5755 on Poloniex yesterday. At present, price is trading above 6200 and moving upward at a steady pace. In the 4-hour chart, bearish pressure continues to push the 100 EMA further down from the 200 EMA that is also declining. This...
The trend of Bitcoin never stops to intrigue me and I am equally surprised that no other author has made any TA on this possibility. In this case, let me be the first to break the news to you. Recent price action suggests that we might see a Head and Shoulders (H&S) pattern formation like the one I have illustrated by end of the week. To understand why I said...
Good day, my fellow traders! What I have for you today is a revised version of my ‘Bitcoin Q3 Trading Guide’ quarterly forecast that was originally posted on July 1. In my original forecast, I had placed three targets for Bitcoin to achieve from July 1 until September 30, 2018. The targets were 6800, 8000 and 10000. As of today, Bitcoin has remarkably achieved...
Before Bitcoin extended another leg down to 6125 last night, I posted an analysis update under “BTCUSD – The Last Golden Boy” to give everyone a heads up with ample time to take necessary precautions. If you missed the update, click the “Follow” button now and join CryptoEZ to ensure that you get notified on all my future analysis and updates. Alright, let’s...
Hello, my fellow traders! The massive profit-taking that drove price from 7150 to 6360 certainly took us by surprise just as news about SEC delaying their ETF decision broke. Bitcoin's market value was robbed of $9 billion in less than 24 hours. Well played is the word I would use to describe those who orchestrated it. Like I said in my last post, the bears...
Good day, my friends! Bitcoin ended its Wave A correction at 6847 on Bitfinex with perfection earlier (of Elliott Wave's ABC correction). I considered it perfect because it ended above the 6800 support level and not below it. This is a positive development for Bitcoin and I will explain it later. Despite gaining selloff momentum from 8506, the bears had failed...
Note: This is a repost of my last post titled "Keep Calm. Bitcoin Is Not Capitulating!". The original was banned for violating House Rules. So guys, please RE-LIKE this post for me. Thanks! Hello everyone! Despite all the bullish news that came out in the last 3 days, the crypto market is back in red. Those who are cuddling their precious coins (be it Bitcoin or...
Ethereum is trading within the perimeters of a bearish pennant. A bearish breakout from the pennant could push price down to 375 or near. Here is how we trade it. Buy: 375 or near Take Profit #1: 440 (17.33% Gain) Take Profit #2: 478 (27.47% Gain) Stop: 358 On the upside, a bullish breakout or reversal from a failed bearish breakout could send price up to...
Huobi has announced the listing of Verge (XVG) as a trading pair against both Bitcoin and Ethereum. There was a price surge earlier as the trading pairs go live. Given the overall crypto market bearish sentiment right now, we might just get an opportunity to enter this trade at a lower price. Buy: 0.0000025 or near Take Profit #1: 0.00000319 (27.6% Gain) Take...
Over the last 24 hours, Bitcoin has been trading steadily within the price range of my yesterday's forecast. This was posted as an update to my last BTC forecast about 24 hours ago: And here is today's chart for comparison purpose: Notice that price went up from 7469 to the top range exactly as predicted before it declined to current levels. If the market can...
Just like what I told everyone in my previous BTC forecast two days ago, Bitcoin is not going to $8,800 without a proper correction. Those who are sensible enough to heed my forecast now holds the buying power over frustrated hodlers. After all, cash is king when a dip is in play. My forecast two days ago. Now in actual. We caught our W. Here is how we trade...
Hello, traders! It must come to you as a surprise that Bitcoin is declining following a "fakeout" (false breakout) from a bull flag. As a matter of fact, I am more surprised that price has managed to stay above $8,000 for so long. Bitcoin was never supposed to hit $8,506 in this round but it did. Maybe the media played a part in it. However, I am more inclined...