Sharing my BTC chart with you guys. :) I'm happy to receive more suggestions/guidance to improve my analysis on this. Twitter: @WhitePanigale
Hey Guys, We are finally coming to an end of a steep correction for BTC and as you can see, we are at the end stage of a falling wedge shaped pattern. Currently, I have been analyzing the 5 hour RSI pattern which is indicating another drop, down to the red box region in 7700-7800 range. I will be monitoring the price when we reach that range as it forms a very...
Hello everyone, I now post my first chart, so take this with a pinch of salt and make your own reviews :D This Rising Wedge Clear As Day, im not convinced that we are still completely bullish, I feel we not have enough volume to break 9000\9100 resistance and we need to come down to 8500\8600 support. Then lets wait and see now whats happend now :)
Hey fellas, I don't want to be pessimist, but looks like bullish momentum, at least for today upon the hourly chart, is over. Resistance line placed at around 8.1k looks pretty strong and actually rejected the up-trending rally towards 8.5k. Provided that the 50-day MA has crossed bellow the 200-day MA, which is a clear bearish market signal, it seems that the...
Hi there guys! I trust you're all doing well.. It's been a while since I published an idea, but I feel we're at an important level where BTC is concerned. On the chart you'll notice the underlying blue trendline I've been looking at for quite some time now, in fact going all the back to around the middle of July 2017. You'll also notice I marked and numbered each...
Bouncing off of strong support, BTC should head to 7600-8050-8270-9150-9750 levels from here. A decisive close above each level mentioned would make the up-move stronger. If BTC breaks above 9750 in the upcoming weeks we may see the rejuvenation to 14500. Until we get a decisive close below 6000 we are safe to buy and stay invested.
The peak 2017 was related with the rising of new altcoins, if we take it out of the picture for a second we can see a rising behavior.
Cyclone 1 started on 17-12-2018, we're seeing the same cyclone 2 already started from 5-3-2018 There are technical analysis and indicators too here, but not included. What I see is further down, because BULLS are not capable of creating new resistance level, and are making new lower highs. $7724 is critical breakdown point, if its broken we are down and great...
A bullish ABCD in completion of the CDleg throws a potential for a great shorting opportunity.. A recent Rejection from the ichimoku could further validates the conviction..
Good morning/evening wherever you guys are in the world !! Hope you guys are doing excellent :) A bunch of people asked me what in the hell is happening with BTC in the last few days. Here's what I think of BTC. -I believe BTC is currently in a 5th wave. IT IS NOT CONFIRMED YET, but very close to be and it sure is going that way as we speak. Now, when will we...
Bitcoin Cash Short Time
Position: Waiting to see if it confirms Bear indicators. BTC is interesting right now. There is momentum for BTC, but it appears its because ETH/BTC is getting driven down and people shifting in that respect. Whether that drives it much higher or corrects lower remains to be seen. Conflicting indicators 1. On the weekly chart we have had a solid cross of the...
Never have I witnessed traders praying so much in my life. Praying for a bitcoin bullish reversal. Chart shows that 50-100-200 MA stands in the $9,200 area. BTC needs to reach that point within days and try find stability. Reversal could occur either through Inverted Head and Shoulder pattern. If H&S fails, plan B kicks in for a double bottom at $6,000...
Bitcoin is still rebouncing in a channel (7800-8400), it could stay there for a couple a few days, but when breaks trendline market will be pulled downwards with 40-45% price drop which might cause panic sell and lower the price (5800 level even deeper). Everything with Bitcoin would maybe look fine (if we deny fact that sinked already from 19.000 level to 12.000...
BINANCE:BTCUSDT This could go either way. MACD on the Daily showing a potential reversal I am sitting in USDT waiting for confirmation.
It has been a long time since I wrote a detailed description/write-up on bitcoin (you guys know I don't like long stories), however I want to guide as many people as possible through this market. Our goal here is to stay objective at all times, put your emotions aside and learn to buy when the market looks extremely weak and depressed or sell when it's better to...
Chart shows that taking into consideration the bullish trend and drawing out parallel trend lines brings us to the conclusion that the next couple of hours will show us whether BTC will drop to possibly $8,000 or witness a bullish reversal and return to last week's position. BTC needs a reversal confirmation, be it a double bottom or inverted head & shoulders, to...
BTCUSD must maintain the key level of support to maintain the bullish falling wedge pattern. Look for $10k levels if it breaks down as a key area of retracement...