I think that this bear flag on both the 3 day chart and the weekly are at the point where a break could happen anytime. I'm leaning much more towards the downside as we are still in a bear market until proven otherwise and the probability of a descending triangle breaking downwards is much more like than a bullish move upwards. You never know until you get the...
Looks like we should drop to 3200, this will give the possibility to rise and get some 6-10% profit. Add the signal for the 3300 now, don't want to miss the party:) Volume is really low and bulls looks weak. I got the information about buy/sell volume on Binance 1.07 (57,097/53,427) not too much it is also confirm that the bulls need to rest a bit and I'm waiting...
This is one of the more optimistic views regarding where bitcoin will go. The hourly chart shows the price decline is slowing and we see some attempts from price action to make a move back up.
There is some possibilities for up move to 4400-4600 zone, but need to check volume, shorts, longs, AO and 1H, 4H candles. May drop to 3800 instantly in 1 hour, coz too hot now. Better to check next 4 hour, then decide long or short. Hope that we are able to cross 0 on 1D Awesome Oscillator. Need to be extremely alert. I'm just waiting for the chance. Not in the...
Well well well our last trade was a huge success, now I am looking at the big picture and trying to figure out what could happen next. Now btc is trying to hold a bullish line back from years ago (See green line on chart) if this line breaks down I have little hope for a bullish move until 3-4k. Fractals and ALOT of TA is saying 3k SHOULD be huge support zone, so...
So essentially this video is just showing the first two big trends on Bitfinex and how the future movements are heavily based on these areas. One of these areas is the 6666 point which refers to a 2.618 on an old trend. My take on BTC is not good. It has to do with the lack of mining and increase of people selling out of BTC. I use to think of *big investors*...
We will probably hit between 6050-6130 first.
Hello, this is a brief idea on why I am bullish for BITFINEX:BTCUSD . I actually trade on deribit at the moment but I monitor what happens on bitfinex/gdax and bitstamp closely. I saw the bulls coming in force to defend 6330 today and actually bitfinex achieved momentary price parity with gdax at around 6323, earlier today. This is the first time it has done so in weeks.
Bitcoin in a perfect falling wedge! A perfect long setup. like and share Forget tether thing, look at the charts.
As I have pointed out before, BTC likes to bounce at the .886-1.13 and the .618 retracement. Every retraced run has resulted in 100% accuracy of the predicted move within roughly 100pts of the retracement mark. The retracement for 2 runs ago gave a nice bottom pattern within 100pts, and now this leg up has come within 100pts of the .618. The strategy is to...
Bitcoin has repeated the FIB retracement to 0.618 several times. If it does it again the blue box should be the point where it happens. This was inspired by Alessio Rastani.
Feel free to leave feedback and constructive criticism/commentary!
After yesterdays Bitmex shakeup we are back in this range. It's surprising that there wasn't a lasting effect or start to a new trend. Overall it feels like the markets are confused. Thinking the next best trade would be wait until it break above or below this range.
Here is a different perspective. We made what some may consider a large move up, but BTCUSD shorts have not really been squeezed yet. So far this move looks like it has enough momentum to get us to 7050-7150 which could be accelerated with a real short squeeze. I'm bullish on the short term and looking to enter short positions around those levels.
Bitcoin is yet trying to make another reversal pattern, and last time I saw a reversal we were in this price area too but I was thinking the wedge is going to take us to the top of it so I predicted 10k but we got retraced to the start of the run so what I think might be going is this is might be a big bull run and we jut got wave 2 which can retrace 100% of wave...
Hi Guys! Although we had a nice bounce up during last 24h unfortunately this is not the time to buy yet. We expect one large drop down to level $5800-$6000. Most likely after that we can expect to have a trend reversal. So looking at the chart we can see we are below TenkanSen which in our opinion is very accurate resistance/support when trading BTC and other...
Hi guys I think this trend line is pretty important if bitcoin reaches it and whether it holds/breaks. I have added some fibs and levels. Trade Safe!!
Here is my bitcoin 4h showing targets for longs and shorts, I believe we are setting up for some major moves in the coming months. There is potential for a cup if the .382 holds, which would be the super bullish scenario . If we break 7190 after not holding 7280 range, then it is more likely that we retrace to previous resistance at 6800 range. If we get to 6800...