We predict that Bitcoin (BTC/USD) on Bitfinex will bottom between $2,400 and $2,900 before the Summer of 2019 before moving upward towards new highs over the next few years.
- Strong Fractal Provoked An Almost -50% Move Previously
- Lower Highs
- Failure To Close Above Downtrend
- Broke HTF Support Trendline
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Whats up my Crypto fam! make sure to like and follow as that will allow other traders to see my content!
Just finished up a zoom with some of my student's over in premium we did good posted signal at 3150's target was reached at 3180's QUICK 50X trade. Check out my discord to see all my PREMIUM PROFIT'S. as well as signals i post for free but anyways lets get to...
BTC is currently trading with a descending channel that appears to be forming into a falling wedge.
I will be looking to enter within the green accumulation zones on my chart with close stop losses indicated with the red lines.
Stopping out so close to our entries allows us to re-buy lower essentially reducing risk and maximizing reward.
You can see the two...
This is a timeline of the past and upcoming futures settlement dates alongside the beginning of Q1, Q2, Q3 and Q4.
As the chart is in the 4h timeframe the time of each settlement is off. So note here that Cboe's futures expire at 21:00 (ukGMT) or 16:00 (EST); two days before the third Friday of each month. And CME's futures expire at 16:00 (ukGMT) or 11:00 (EST);...
While everyone screams FUD and manipulation, I've been calling this breakdown for days lol. Pretty clear where this is going if we have our MAs crossing.
Previous daily analysis:
Current daily analysis:
Right erm I know it looks a bit mental but if I had to try summarise... based on this chart:
1. Shouldn't see much further past $6600 range
Very similar fractals with past moves
2. Decline until ~$5050 (to make the repeated 40% + drop) around the end of August
3. (Longshot) Rise to ~$7200 around the end of September
Before we look into Bitcoin's potential outcomes it is important we look into the coin's previous price action to help paint a more accurate picture, Bitcoin corrected from a high of almost 20k to a low of 5.7k and then we seen pretty substantial bounce yielding a gain of 100%+ pushing us into the high 11k regions(11.7k). This is significant for two reasons: 1. An...
A few weeks ago i talked about the decline of Bitcoin since the start of the XBTUSD trading on CBOE (see profile) and wondered if market manipulation had any correlation to the expiry of those contracts. From the beginning of trading these contracts on Dec 11th 2017 until the expiry of the second contract on Feb 14th 2018 Bitcoin saw a fall of 47%.
"And I looked, and behold a pale horse: and his name that sat on him was Death, and Hell followed with him."
There are two successful buying strategies in trading.
In the first, you ride the tail of a comet; buying with strong momentum propelling you into the stars, your equity curve buoyed by cherubs.
In the second, you watch and wait in monk-like silence, as...
XBT experienced a long needed correction from a parabolic rise. The volatility of the market make predicting price movement in the short term difficult but XBT remains bullish in the long term. The fundamentals are too strong to do otherwise.
The market is not at a great entry point right now as we are at a strong zone of support/resistance.
Volume is poicking...