As an longterm investor who invested much earlier than most of all, I still think that btc will go up again. Before this there is a cycle that needs to be completed all the way. So lets have a look at the base trend.. There are still 2 lines below the actual value of btc. For sure the amount of people buying in is alrady growing but we all know that this whole...
120 USD long if trade fails, it should be clear almost instantly. If it works bulls might push it to the 200 area
When I bought my BTC I planned to not touch them for about 5 years. I think that's what you're doing when you "invest" into something! Still long! Still hodling!
BTC hit the upper part of the 7000-6750 support zone yesterday and is heading north since then. This upwad movement was probably triggered by the bears that took profits in this area. But a new bullish reversal is still not confirmed. In the chart you can see the retracement of the last bearish swing formed by the top at ~8600 USD and the low at 7000 USD from...
The Gann Sphere shows an interesting energy point on May 1st. To validate the positioning I marked some almost perfect crossing points with yellow arrows. This gives us an idea about the timing but not about the direction. The Adam&Eve pattern might indicate an upward movement. To validate this pattern the volume of the first part (Adam) should have more volume...
As the old trading wisdom goes: “Never short a dull market”, and although the bottoming process is definitely not over, odds now favor a re-test of the prior lows as a worst-case scenario, with a lot of coins expected to outperform on the down-swings. While the current environment might be frustrating after the furious price swings of the previous weeks, patience...
The violent correction that created a full-on panic in the cryptocurrency segment continues to unfold in a rather orderly way from a technical standpoint, reflecting the extreme nature of the preceding rally. That said, the percentage losses in some of the coins are huge, and the collapse of Bitconnect accelerated the process, spreading uncertainty among...
It's currently hard to tell if BTC will go up or down. I still think that we will see a dip below 10k in the mid-term but until then everything can happen. By combining som e trend lines I've set up a breakout strategy for both cases: LONG ABOVE 15,750 TP1 20,000 TP2 25,000 SHORT BELOW 13,700 TP1 10,000 TP2 9,000 TP3 7,700 Let's see what happens, but if you...
Bitcoin is correcting. It dropped 22% in a single day but the big question is: Is this the end. I don't think so. As shown in the chart we have some technical support points 12.100 USD 11.400 USD 10.300 USD 8.800 USD 8.200 USD 7.900 USD I combined these crossing points of former support lines with the latest trendline and their parallels. After that I...
The CBOE futures started. Right at the beginning we had a minutelong downtime because of massive demand. Current numbers: Symbol Expiration Last Change High Low Settlement Volume GXBT 16689.86 ...
As shown in the chart BTC is about to fall until the .382 line of the give fib retracement before going upward again. Just in time for the first future stock (US date change almost exactly at this point) Reversal: 12.207 USD There are several analysis by other traders with target about 21k. Sounds quite nice but I think 20k is still a hard psychological border...
These ar wie words, no doubt. But we have to get along woith this situation right now. For sure, set stop-loss for an upcomming reversal in order not to lose all the profits made in this crazy rally. This should be clear. But what is it that really drives this rally? Is it some kindof mainstream attention? Is it the upcomming CME futures? Some days ago I watched...
Tonight's dip brought BTC's daily RSI back to neutral terretory. But there is still a chance for a further decline. The trendline drawn by the lowest points of former corrections (7.16 & 9.15) and the fib time zone formed by these two leads to a lower reversal target that might be reached within the next days. Most activity seems to be around Asia, China has...
After yesterday's hike we had a brutal correction today. But in my opinion we won't see a further decline. Reasons: - Elliot Wave Rule #1: Wave 2 corrects Wave 1 Rule #2: Wave 2 must not be lower than Wave 1 (that's the critical $56 line) - RSI already shows divergence in lower timeframe - Trading Volume downward much lower than...
Based on my latest analysis I decided trading on a reversal strategy. I have 2 targets in focus. Target extention will be used as stop-loss TP1: ~5000 USD TP2: ~4620 USD TP2 (extended): ~4350 USD
Bitcoin seems to be in its last correction pattern. All rules for a correct Elliott impuls wave pattern are fulfilled. To prove this, we have to zoom out to the 1W chart. Now we're watching the primary waves. - (4) may not be lower than (1) - may not be the shortest - (2) may not be lower than (0) Now we're going back to the 1D chart in order to see when...
Technical Analysis Bitcoin showed us again who is the boss in this business, it rallied almost 30% within one week, still without a major correction. As we can see in the chart it has hit a resistance level at almost 6000 USD. The coin now reached the overbought readings on all timeframes. However, there is still a chance for a continuation of the rally, I will...
Bitcoin seems to stay bullish after the minor correction during the last days. There has not been a confirmation signal yet on the 1h timeframe but market situation leads to a clear bullish picture (green line) The other possibility is a test of the 4400 USD level followed by another minor correction (blue line) Chart shows the estimated timerange. RSI is...