Following the manipulative pump of BTC on the 8th of February the digital currency has shown to be very stable trading at a average range of 3660 to 3550 USD. There have been a couple of spikes here and there but nothing significant , mainly induced by orders filling. We keep monitoring the pair to see if there is a clear breakout from either of the trend lines....
We could see price reach our target resistance zone ( red box ) then we are expecting price to keep falling and could find some key support at around the 3417.1 area.
We think that after price hits our support area we are going to start seeing BTC price pick up and could even see price hit 10,000 this year, but that's a just our prediction for the long...
This bear market has very closely followed the last one. If this continues this is where I think we could be heading. This is pure speculation on my part with the times between and percentage gains compared to the previous bear market.
Market trends and cycles are a direct function of human psychology and the varied emotions during each phase. Bitcoin has been following the classical market cycle since its inception and there is no reason it won't follow it in the future.
Charles Dow was the first to make thorough effort to express the general trend of markets. Enjoy the analysis!
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
Don't forget to hit that like button and give...
BTCUSD looks to be bottoming @ 200 Weekly MA.
Expect some sideways action range bound between 200 MA (lower limit) and 200 EMA (upper limit).
Note - volatility adjusted moving average shows strong resistance with 200 EMA in $4100-4200 region, expect large breakout above these prices.
Break below 200 MA is certainly on the table still.
This view will change if we...
The exchange rate could end the construction of a double falling wave structure. Also, the addition of a so-called correction sub-wave to the second wave has been added (yellow line). Therefore, we expect a rise from the current level. The rise in the exchange rate is also assumed in a double rising wave structure, and the sub-wave of the rising correction wave...
WELCOME all you guys, XUANHAIMMOER come back with analysis for Bitcoin using Elliot Wave Strategy and Logical target that I have been researched.
So for encouraging me please leave a LIKE if you can get a huge value and learning from this analysis post.
Actually it is very long and long for explain detail about this one but you can zoom the chart for each...
After all the hype at the beginning of this year, price has kept going lower. A very bearish descending triangle is still forming and together with the rejection of BTC ETF (which will not happen any time soon) this could crash hard!
Be aware! Trade carefully and don't risk anything you're not willing to lose! GL all
the green cross is imo possible
no volume at all.
all major supports and resistance broken since All time high
no real sign of whales coming in ,
bears are fishing for big fat fish
is this possible? of course it fookin is! its been to 20k, most thought that was impossible but it happened ( granted it was futures manipulated but they can manipulate the push down too)
First things first. Big shoutout to my brother Roms for calling the buy order @ $6000 4 months ago. He is the real magician. LOL
Anyways the downtrend is finally broken as you guys can see, inverse head & shoulders forming almost complete however a long is not valid until we break the neckline...
Bulls are bored defending and might drop it more to catch at the bottom.
as my last idea said, the wedge in the wedge drop has happened
if this bouces i would be shocked.
the volume is shocking,
now that binance is draining crypto with its scam Bitorrent ico then theres some tough months ahead