4H chart: Bitcoin has been hugging the downtrend line for a month now We have formed a nice elliott impulse wave after bouncing at 6K Right now we are waiting for confirmation that the pattern will continue If it does, and we see a second impulse wave (EW3) above EW1 at 12K, we can assume a bull trend 1H chart: Looking at the smaller timescale to provide...
Maybe too early to tell, but if i see this pattern following through, we can break the long-term downtrend I have drawn a potential Inverse head and shoulders pattern on the 1H chart, obviously this is a bit premature but i'm just exploring options at this point The RSI on 1D chart is severely oversold, which is why i am toying with the possibility of bullish reversal
Bear flag or inverse head and shoulders? both are very extreme patterns, in opposite directions all we can do is wait and see - now is the deciding time for BTC
We have been trading in a pennant for two months, its about time we see some action with Monero Buying XMR/USD might provide better % gains if BTCUSD goes up in unison
Going long here on the EDOUSD chart, the EDOBTC chart shows strength and a strong cup and handle if it starts going up here as mentioned, this is high risk because of the low volume traded on this chart; if you want to exit the trade you must sell below ticker to find a buyer The coin seems to have a lot going for it as a solid ether token wallet, with fairly...
Just a cheeky potential outcome everyone knows we are in a big inverse Head and shoulders pattern, with right shoulder (reversal point) at $9200. In order to get us there, and to induce a bit of fear, i see a regular head and shoulders forming on the 30 min timescale If the 30 min pattern follows through, we will see some panic which will cause some short selling...
APP coin has broken out of a longterm downtrend A lot of people will be emptying their bags here, who have been holding from ICO or buying on the way down This will complete the 1st elliot wave, where we will see a correction wave and an opportunity to buy After this has completed, we can ride the waves up to ATH
Once BTC has corrected, IOTA will rebound for its 5th elliot wave and reach the 1.618 fib extension of $9 the fundamentals are lining up: hackernoon.com cointelegraph.com
BTC on 2hr timeframe shows that we are on support, forming a bear flag and expect to go lower BTC on 30 min timeframe shows a rising wedge right now Low volume in this bear flag hints that when volume increases, we are going down hard Bottom will be 8k, with wicks to 7.6k
IOTA/BTC has broken out of a month + consolidation IOTA/USD also showing upward movement, but depends on BTC/USD's movement I see a long position in either of these charts, with IOTBTC showing more promise if BTCUSD falls
Bitcoin cash could be a very good buy if this third pennant acts like the last One thing to note is that when BCH was added to GDAX exchange, the price reached a high of $9K USD. I believe that $9K-10K is achievable
Although this 30% drop may look like the end of the world on the BTCUSD chart a closer inspection of the logarithmic chart shows that this may just be a pull-back I'm sure there will be articles published tomorrow about the "end of bitcoin" and the "bubble has popped", these will surely go down in the bitcoin obituaries 99bitcoins.com current BTC death count:...
As the title states. smaller timescales are not the best indicator, but i see us going back to 20k soon
A lot of resistance in this pennant, i believe if BTC continues its bull run, IOTA will follow suit This run will see a new ath
Eidoo wallet is advertised as the best wallet for ERC20 tokens on coinmarketcap They have recently announced they will burn 500,000 coins Very low volume atm, but if that changes we ill break resistance and see decent gains
No doubt we are going to 20k. BTC has been testing the 16-17k level for too long, this is not the top 20K is the next psychological level