BTC is in C wave of ABC up. Good luck and keep stops in place and moved accordingly to protect against losses and maintain gains.
uBTC long term through March. May retrace to 50% fib before end of B and C begins upward.
ABC correction likely bottom is 50% fib level here I believe. Currently moving in the B wave up. Good Luck
BTC on hourly chart is in B of an ABC correction. The 50% fib I believe is a likely bottom for a decent long side entry. Good Luck
BTC from a bear outlook is an an ABCDE diagonal pattern. IF correct BTC will find some deep new lows. I am not ready to throw in the towel on a continuation of the bullish trend but I must say the MACD and RSI are pointing lower. Why do the MACD and RSI continuing to suggest we go lower today matter to postulate the bear view? Because if we are doing a corrective...
BTC likely bottom is 38.2% Fib for wave 4 of 5 of ( 1 ). Expect move to 10240 range followed by return to bullish continuance in wave 5. I am counting waves on Daily Chart if you use 4 hr. this would look like a wave 5 completed pullback. However, the fibs being retraced are matching up very well to wave 4 count based on the daily bars for those who follow EW. Good Luck.
BTC continues in a minor wave correction. Most common fib retracement levels are posted on the chart based on wave 1 length. Keep stops tight on entries on each fib level reached to protect against losses and move stops up to protect gains. We should have a nice wave up coming soon as this correction completes this C leg down which is close to complete on count. Good Luck
BTC is believed to be correcting in 4th wave and will next move to complete wave 5 which will take us back above the upper trend line. Bears are expecting an ABCDE diagonal based on the long term trend lines and for BTC to collapse at the trend line. While that is a possibility it depends on the ABCDE count positioning and I see that count as complete when we...
Wave 4 just hit but its a corrective wave before 5 I believe. The target lows for Wave 4 are on chart it may reach before climbing into wave 5. Good Luck
*** DECISION POINT AHEAD *** I expect BTC to move up again testing the overhead long term trend line near the 11,000 level seen on the chart. It is possible BTC could break down here and move to correct lower. While I do not believe this is likely to occur, the charting nonetheless indicates this is a possible outcome of this tend line test. I am keeping my stop...
Normally I do not publish one hour charts but today I thought I would throw a bone to those short term traders and sharing my outlook on BTC short term as in the next 4-6 hours. Day trading is a tough way to make a living, but to those with enough patience to watch a chart all day, well they certainly have my respect. Besides, even I allow myself to take a turn at...
The inverted H&S pattern followed through as forecast and BTC continues to move toward the expected higher targets. Little change since yesterday's update and the price targets remain in red as shown on the chart. BTC continues upward as we move to later in the spring making some surprising gains and new highs I believe. Look for alts to follow BTC higher near...
ETH continues in a strong advance after completing the correction which bottomed as forecasted at the $600 range. I expect ETH to now continue to make further significant gains in this now solidly established bull trend. Expect ETH to follow the labeled a, b & c price points on the chart, which when this move is correct will represent an additional 10%+ gain above...
BTC formed an inverted Head & Shoulders pattern which is a chart pattern indicating a reversal from the low. See blue text on chart to learn more of this common TA pattern and its importance as to where BTC price is likely going next. Currently, BTC is at a signer significant decision point and will either break out higher or move lower to again re-test the low at...
BTC broke up and out of the long ending diagonal and now expect to defeat the 9400 resistance as it pushes to cross key psychological level of 10,000. BTC is now in a bullish pattern and I anticipated moves as shown by the RED A-B-C as we complete this move higher. I am long BTC and do not like selling it on weak days as overall trend is bullish. Breaking free of...
BTC is right on target I believe today to break out of the long term Ending Diagonal it has been trading inside of for the past weeks. Breaking out of this will be really solid confirmation of the bull trend establish lately and really alleviate fears of a second test of the low before we go into a full blown bullish pattern. If we fail to break out here which...
BTC on daily chart is in a pullback minor corrective structure. Little major changes expected in BTC other than normal swing range for the coin which are large compared to other investments, but normal to bitcoin & alts. Cheers.