History tends to repeat itself. we can see a previous move which happened from may 2nd to may 8th before a continuation of the bull market.
This is playing itself out now
so, we can expect another drop to 7,200 before a steady incline, surpassing 10k to 13K which is where the media will go apeshit.
Here is the move which was copied
BITCOIN LOOKS TO BE IN A BULLISH TREND BUT WE MAY SEE SOME SELLING AROUND THE 6500 LEVEL
REASONS FOR ENTRY
- 6500 EVEN HANDLE PSYCHOLOGICAL NUMBER, (POTENTIALLY LOTS OF SELL ORDERS AROUND THIS LEVEL)
- COMPLETION OF AB=CD MOVE
- FIBONACCI 161.8% EXTENSION COMPLETION
- MAJOR STRUCTURE LEVEL, MULTIPLE TESTS AND REJECTIONS AT THIS LEVEL AS SUPPORT AND RESISTANCE
In one hour chart the LongBuyLongSell indicator shows the bullish signal.
Createria of this selection.
1. Volume is more than the last three candle average.
2. LongBuyLongSellIndicator Candle become Black to Blue
3. The Strengthmeter like 1 2 3 P+ D+ UpRaiseLikely is forming below the candle ,This is good indication for long.
Matching the last resistance line...
We are still long on Bitcoin
We are 50 % to our target area from the forecast bounce
We shall be looking for signs of bearishness @the top of our Fib zone
If not we shall stay Long
"It is our opinion ONLY that this is not a trend change
Historically we suggest moves in the market , so new money comes in on a falling stock or pair
only to be left high and dry...
What are everyone's thoughts on this breakout of the wedge formation? further bullish movement expected next week? will it rocket?
Will the big players manipulate the market soon to push price higher to make people buy into the rush again just so they can then pull all there money out and make the market dump again ( like last time ) making the rich richer and...
Just broke through trendline on the big picture. Is still under EMA15 weekly (high chance of bouncing back to roughly 4100-4300 and potentially higher.
Monthly picture is significantly lower than the EMA with reversal signal starting to form on momentum indicators.
Hi Guys i know the market is very boring but please be careful bitcoin is very dangerous right Now. anyway the chart have 5 Support On 4 hours. Ema 21 , 50 , 100 , 200 and cuve since 21 december. each one speaking negative about BTc and i am tell you bitcoin is going to visit 4200$ at this time we can break out from resistance.
(flower bitcoin i gonna open soon ).
As can be seen in the graph above, the Japanese candles rose above the Ichimoku clouds, What Does the Ichimoku Cloud Tell You? The overall trend is up when the price is above the cloud. The last time it happened was somewhere in August 2018
The second important points are that the price goes above the Moving Average 100
(There will be no serious increase as long...
Show me the chart i'll tell you the news. move Bitcoin is positive until now so we need correction. back to touch 4000$ 3900$. and continue bull market. what's the next news? if we're see the chart and we need close up EMA 100. with bullish engulfing on weekly. next week Good news coming. mybe ( ETfs or nasdaq or something like remember that ) Next target is 4890$...
We could see price reach our target resistance zone ( red box ) then we are expecting price to keep falling and could find some key support at around the 3417.1 area.
We think that after price hits our support area we are going to start seeing BTC price pick up and could even see price hit 10,000 this year, but that's a just our prediction for the long...
We predict that Bitcoin (BTC/USD) on Bitfinex will bottom between $2,400 and $2,900 before the Summer of 2019 before moving upward towards new highs over the next few years.
- Strong Fractal Provoked An Almost -50% Move Previously
- Lower Highs
- Failure To Close Above Downtrend
- Broke HTF Support Trendline
Don't forget to hit that like button and give...
On the weekly XBT chart on Bitmex I have circled some doji candles. I have circled the doji's at the end of a trend. As you can see after each doji there was a trend reversal, or if you don't wanna say trend reversal you can call it opposite direction for 1-2 weeks.
We have just formed what is appearing to be another doji candle at the end of a downward trend,...
BTC - Upward trend formed and as 50MA is acting as a resistance, a push past that and we should hit our Target, High leverage opportunity in place. A break of the trend should signal SL and await next entry.
BTC/USD made a clear triangle patter. At the moment price is very close to the top triangle (large grey line) also we have a smaller triangle patter next to this resistance (smaller grey line). Break through it can indicate bigger correction to the upside. Be awere there is still plenty of strong resistance zones above (dotted lines) .
Seen strong selling at the recent test of the price zone of 4k
the origin of the move was down back a the lows of around the 3400k level
If price pushes back here there is a lower risk long position from here to re test 4k and if weakness is found go and test 5.5k levels