A useful channel technique: spot failures to reach the channel line, usually is a sign of a weakening trend. Notice the price has been driven down to the bottom trend line every time except the last. (5) PA has reacted strongly to these fib channel levels
this is the daily chart and as you can see we are near to the oversold zone almost on every indicator or oscillator. if you look the weekly chart you can clearly see a bullish divergence getting ready to bounce hard up! lets go to the moon bitcoin!!! (weekly chart with bull divergence) (3 days chart with bull divergence already confirmed)
Hi Traders, You will find Attached the Fibonacci lines of the Bitcoin Chart from 2014-2015 that you could have used for knife catching if i was aware of Trading view existence at that time. The Bitcoin 786 golden Ratio held Bitcoin perfectly. You will find Below the Fibonacci lines of the 2018 Bitcoin Chart, with the Usd Value levels. So far those main Fibo...
Here we have another Bitcoin chart which we made for you guys to outline various circumstances and to show you best entry positions for various investors whether you're into long term or short term. As is visible on chart, our best support in term of firmness and bounce potential is in zone $5,700 - $5,800 depending on which exchange you're using. This support...
My thoughts on bitcoin structure. FA News having no effect on price. Crowd sentiment very bearish.
Purging the parabolic uptrend
The head and shoulders with the development for the entire length of the previous fall
Rather than add more updates to my existing analysis as it is getting rather long winded I decided to create a fresh one to plot the rest of our journey down the falling wedge . We are currently forming a small symmetrical triangle that will send us down to 5560ish. We will then trek sideways a bit longer, before hitting former support/now resistance 5770ish...
After yet another test of the 5,700 support (5,782.90 the daily bottom so far) as BTCUSD broke the 6,000 threshold again on a very bearish 4H candle (MACD = -94.900, B/BP = -375.0363). See how the 4H Channel Down (Highs/Lows = -149.1254) is unfolding with multiple Lower High Resistance rejections and the recurring Inverter Head and Shoulder patterns that lead to...
Bear Flag on the 4hr. It's too obvious at this point what will happen. Measured both moves and the drop was around 15-19%. Opened a short here @$6725 and plan on riding that sucker down. Load Ze Korean Fud
I started comparing the dotcom crash and 2014 crash. If I compare it with the dotcom crash then it looks like bottom is here, if i compare it to the 2014 crash, we might have hit the bottom too... 2014 was more steeper in angle movements than 2018, the thing with 2018 crash, there is a lot of other factors this time in effect. CME on other hand has a big part in...
The price is back again near the 6,000 level after being rejected yesterday on two strong bearish 1H candles (Engulfing, Three Outside Down on Highs/Lows = -33.0071, B/BP = -85.7219). 4H remains within a Triangle pattern (STOCH = 45.730, Williams = -46.245) which breaks id 5,928.28 is crossed. 1D remains a standard Channel Down (RSI = 33.875, MACD = -370.000)...
I appreciate the kind comments from everyone such as: "cristinel777ro: Sherem You are pin pointing everything ...It's just unbelievable how accurate you are doing it. Keep this way and thank you for your outstanding job" or " theredbaronZ: I don't call you the preacher man. Preachers are selling stuff. I call you the PROPHET! " I want to say THANK YOU , it...
Ok, as per my last analysis I discussed the possibility of a falling wedge reversal pattern forming. We actually fell through the bottom of the previous falling wedge I drew, so I have now recalculated based on the updated price movements. I still believe the falling wedge reversal is the most likely scenario at play; and these latest movements actually indicate a...
Bitcoin analysis based on @CarpeNoctom @bravenewcoin article. C-clamp of 15% with bull div looking very similar to April's 16% C-clamp with bull div. Close above high volume $6800 level suggests we see $7800-$8200 based on confluence of Kijun + 89, 144 and 233 EMA.
BTC WILL CORRECT TILL 0.786 REGION APPROX 4900USD TO END THE CORRECTION. OF COURSE THE WHALES WILL EITHER BUY UP EARLIER THAN 4900 OR PUSH DOWN FURTHER TO CREATE PANIC AND BUY UP AGAIN. I RECOMMENDE STAGGER BUY FROM 5500 TILL 4500 REGION.
Strong divergence (I expect a strong rebound) it is possible to test the support line of the downlink if the support at 6k can not stand