BTCUSD Still bullish: 1. Falling Wedge 2. Rising Wedge 3. Head & Shoulders
Confluence of technical research indicates push to 14K by Feb 2018. Using arc angles at the same degree, through the same time cycle, we see current channel formed by short term run provides momentum to take BTC to identified levels. Also referencing/validating Clif High WebBot prediction.
Bitcoin appears to be trying to break free of the downtrend it has been in ever since peaking at $17,171 on Thursday.
The price action of BTC on Wednesday and Thursday was crazy and unsustainable, BTC over the last two days has been pulling back, this chart shows my thoughts on where BTC may be heading.
Green ligh " Bitcoin Futures"
Crazy Bitcoin bull projection. Going off price history and parabolic history of Bitcoin breaking upper parabola channel resistance. $BTC The 1st parabola channel break occurred at ~$1500 on 5/4/17. In 21 days it reached top of parallel channel of equal height drawn above at ~$2800. The 2nd parabola channel break occurred at ~$9000 on 11/21/17. In 21 days, if...
As the price of BTC has approached and exceeded $10,000 there seems to be a lot more instability in the price. We are seeing days with very wide price swings, there seems to also be a lot of indecision in the market. I am still very bullish long-term but it may take a while for this to play out and for the market to calm down.
BTC is back above $11,000 and slowly grinding higher which IMO is much more sustainable than when it skyrockets higher.
After the big drop on Wednesday, bitcoin has been consolidating/slowly rising. BTC now looks to be moving higher, hopefully in a more gradual manner. The push through $10,000 up to the peak over $11,400 was way too fast in my opinion and could not be sustained. I am hoping BTC will now slowly drift higher, pausing to consolidate as needed. If BTC can push above...
Description of the chart: As we can see candles finish the fifth wave not reaching the bottom of the (3) point. Looks like a recover as Bitcoin is a beast waiting to be released. Entry price: 9.438 check curve on MACD and also opening alligator mounth. Exit price:10.200 above ichimoku, but with you have balls, hold to the moon. Resistance to watch: ...
Bitcoin has come off its ride to the top, and is working on a much needed consolidation. Price is moving back down towards the 61.8% Fibonacci level. The 200 day MA and 61.8% Fib level are going to be close here and should have a very strong support with a good chance of reversal off of those supports. We also will see if BTC will hold on the top line of the...
Today BTC has blown right through the $10,000 level, and it did it with relative ease. I really thought that it would take many more attempts and possibly a pullback before it would break through. I remember how it struggled to get through $5000. It failed after several tries and then had to go through a major pullback before finally breaking $5000.
Today we observe the construction of a triangular convergent model of input impulses (black, red, green). Now is the time to bet on growth, because. the output from such models is accompanied by a multiple elongation. We do not exclude that the model can be broken and the price will move down. To do this, there is Stop Loss, which will limit losses. Strategy for...
Inverse head & shoulder is completing, likely tonight. This will be followed by a rise to $9926 or better within the next few days or possibly overnight after the rally begins. Also, black lines denote the current Bull Flag, showing a target at around $9200. Inverse H&S looks stronger and I believe if we actually break $9000 in a rally, we'll be pushing up to...
BTCUSD FINAL LONG The final test of the $7500 area, before we plummet for Christmas :)
Stop-loss: 6600$ Take-Profit1: 7000$ Take-Profit2: 7500$ Take-Profit3: 8000$/Long-Term Good luck folks!
Saw price below 7000, signed on to Coinbase and bought $150. Price also pivoted off fib levels and as it appears now, is holding above the lower low. This is a long term buy, I'd be completely comfortable losing all the money invested in Bitcoin, just like sitting at the casio.