Targets in place, waiting game begins! 8K our ideal short. As you can see trading range is between 6255 and 8000 USD for our top. The higher the more likely it will end there. Daily MACD will start to cross also somewhere in the near future, something to watch.
Thoughts?
Beautiful cup and handle setting up on XBTUSD - could see a potential bullish run soon. Thoughts?
Short term reversal possibility for it's next movement upwards .
First and foremost the bear trend formed from the recent ATH of $5000 to the low of $3000 has been broken out of. This is a strong indicator of the commencement of a new bull trend. The initial bullish rejection from the trend low and then consolidation leading to a breakout is of the exact nature of the beginning of the last bull trend taking place from July 16th...
Looking for BTC to pass the historic structural resistance - if we do, we should see ATH tested . Thoughts?
Stoch RSI shows oversold on 1H chart. Tom Demark count gave a red 8 (shows end of the bear trend). There is huge support at 4150 area. In 2 hours we might touch 4150 then bounce to 4323 resistance area. Wait till we get a green 2 on hourly chart which is a clear buy signal according to Tom Demark count (green candle closing over 4225) Long at 4230. Take profit...
This bull trend shows the exact same pattern like the previous one. If you look at the Tom Demark indicator and Stoch RSI it is clearly seen. Tom Demark count looks almost identical. Stoch RSI looks overbought now, just like the previous breakout run. It is quite possible that it will make a M shape like the previous one. If we close today over 4383. I expect a...
Tom Demark indicator is now a green 9 below 8. If we close this day like this, it will stop the possible down trend and we can expect up to 9 more days of up trend. Stoch RSI shows overbought, so this scenario is more likely. Second scenario: If we close over 4427 we will have a green 9 above 8, which will be a clear short signal.
This bull run shows a harmonic pattern. TD is currently green 3 on 4H chart. It will follow the previous pattern and will continue till it reaches green 9. Which means 20 more hours. After 20 more hours expect a pullback to 4400 area. Target: 4600
TD gave a clear buy signal. BTC bull trend continues. Expect up to 5 more hours of bull trend. Target: 4400
Cup and handle is formed, BTC bullish trend will continue. Enter: 4150 Take profit: 4600 Stop loss: 3850
I think we are going to find a bottom soon between 4000 and 4200. The downtrend channel is still intact for now.
There is strong resistance at the 4406 level. I expect prices to be very flat until the 29th August. On the 29th August we will see the formation of a triangle which will determine the direction of any potential breakout, or trace back. I suspect we will be going lower, and the price will decrease to the 4000 zone. Sign up to BitMEX with this affiliate link...
Have a small short using 20x leverage for .2btc on bitmex at 3250 will be adding or removing as we see more price action. Mondays are always interesting so should be a wild ride this week. Stay tuned for all my plays. Best of luck to all! BITSTAMP:BTCUSD I am a long term holder of Bitcoin the goal of short term trading is to add more coins to my bag. I've...