BTC is well overdue for a correction. I see us "barting" again all the way up until we close in on 10k only to get rejected. Too many people want to take their 3x profit from their 3.5k-4k buy ins. Also, this trend is too parabolic and needs a 30% correction. after that is complete, we will have had a healthy retracement that sets us up for a REAL bull run. If we...
BTC long possible 8970-9200$ ;)
Like many, I wanted to know the answer to these 3 questions: a) Were is the top to this current trend (as we are expected a pullback, but when)? b) What should I expect when this trend's run, top is reached? c) Are there lessons learnt from the past to apply for the now and the near future? Hence why I looked back into the 2014 to 2017 cycle. Right now, I see...
There's a lady who's sure All that glitters is gold And she's buying a stairway to heaven When she gets there she knows If the stores are all closed With a word she can get what she came for Oh oh oh oh and she's buying a stairway to heaven There's a sign on the wall But she wants to be sure 'Cause you know sometimes words have two meanings In a tree by the...
Data on Chart. Please study and ask questions. Longmoney
So as you see here 50 MA weekly holds resistance right now and in past we couldn't break it in first attempt which pulled us back to 200 MA weekly. I'm not saying that history repeats itself but it can rhyme so be ready. I have tried to put as simply as possible both cases here is the link to bullish case. DYOR It is not a financial advice.
The charts basically speak for themselves. You can see very clearly when the 200MA becomes resistance in 2018 on the weekly chart and the 50MA becomes resistance on the daily chart . The labels in blue are from the daily chart while red arrows and text are the weekly labels. We made a golden cross on the daily chart today which means we should of hit the peak...
BTC just touched the 50 Moving Average on the Weekly chart (more relevant) and retracted quickly. As of now it doesn't look like it has the "umpf" to go above it. We will see in the next days. My personal feeling is that the bulls need to regroup at this time as more buying power can be gathered at lower prices. This is not trading advice, just my personal opinion.
BTC/USD looks to be potentially exiting the bear market. X marks the spot. This move could still take several weeks to months. Keep in mind that any monthly close outside of the range would be very bearish. Blue triangle indicates the current range. Green box is buy. Red box is sell. Blue line indicates major resistance. This is a log chart.
We assume that the medium-term correction is over. We expect the continuation of the long-term trend. Locally possible growth to the level of 4100 (sell level), after which we can expect a correction to the level of 3900 (buy level).
WHAT WILL HAPPEN , GREEN OR RED , SHARE YOUR OPINIONS :>
Considering the news about cryptocurrency getting more and more spread (Facebook making secret projects about crypto in their platform, one of the world larges banks J.P. Morgan making a stable coin JPM, some states in the USA now accepting BTC as a tax payment) draws people more to Bitcoin. And knowing that uneducated people, about crypto, refers to any...
For the cryptomarket the year 2018 has begun with the global correction of all the currencies. The first futures for Bitcoin—the most popular currency—triggered institutional capital hedging through the conventional financial system. A step towards accepting a digital asset into the conventional market created new opportunities for the future cryptomarket...
We are down to last 20 hours until we know which direction in short-term Bitcoin will go. Still believe we will retest 3100 then 2800 if we break down. 4200-4800 if we break up then back to test 3400. Maybe earlier!!!
This post in continuation of the my previous bitcoin analysis where i posted about the likely hood of Btc making a double bottom before showing any kind of reversal. ( I'll link the previous post below) . So far the price action is confirming my bias , prices are moving in a falling wedge pattern will is a reversal pattern. This analysis will be updated...
That being said it looks like sellers are getting exhausted. Big whales and market makers can still bring us down. What are your thoughts?