Hello, Looks like bull runs could not continue beyond a few weeks. 200 day Moving Average is a major resistance for BTC. Thus the touched it and came down twice is past month. Next support is near 7.6k at the bottom of the Ichimoku cloud. Let's see how it pays in next couple of weeks.
The price reached $ 8,438 or 38% Fibo. Possible slight corrective drops. Support at $ 7,506 must withstand the pressure of supply so that the gains are still in play.
As you can see, we have already been through a similar fall int he past from $11,500 all the way down to $8,800. To those of you who think BTC is dying, please remember that everyone thought Bitcoin was dying during this time too, that's why they sold.
Hi Cryptianz, In the Continuation of achieved #BTC targets we are here with a new update. This time it looks like either a Small Dip or Big Short but sure not a Big Long to reach 12000$ in next trading sessions... It may be a Chinese New Year / Whale that boosted the Price but met our target... If the Same Downtrend follows then We are pretty sure that it may...
As the Pattern has been reversed we expect BTC has to touch 8000$ in next 6Hours.
BTC Weekly Chart Drops past 30 week EMA. Daily Chart (not displayed) Drops past 200 day EMA Next major support at 5000-5500 levels.
Yellow line marked is the major support line, lets see whether that support will hold or break.
Closely watching Bitcoin in 15 Min chart to see how it breaks the pattern bearish or bullish. My expectation is it will be bullish break out, what are your expectations guys? Comment below.
In 4H chart Bitcoin is following currently a falling wedge pattern. The yellow line is the major support line, I hope it wont break that and it would retrace and start an uptrend soon. Fingers crossed though! Reasons for BTC downtrend could be? 1. Chinese NEW Year 2. Facebook banning all the ICOs and Bitcoin ads (Though it wont have larger impact but it is...
Bitcoin in 4Hour chart looks very interesting. We have to see how it breaks the resistance and support lines marked in Yellow color.
For better understanding I have marked resistance lines in Blue color while the Support lines in Yellow color. Currently we need to see how the resistance and support holds My expectation is if it created double top then it has to break the Support line.
Please find the updated chart analysis of Bitcoin, I am still bearish on bitcoin until the CME futures expiry on 26th Jan. Lets see how BTC wants to break out bullish or bearish. But considering the Total Market Cap and Bitcoin dominance I dont see any huge volume for Bitcoin to be bullish. PS: I am not your financial advisor and these analysis is only for...
Though Bitcoin broke out in 15 Min chart its not a strong break out! Should wait and see how it behaves, as CME contract expires on 26th many are expecting bitcoin to be bearish.
Bitcoin pitchfork We could see Bitcoin bounce from resistance at +0.618 line in the upper half of the pitchfork
COINBASE:BTCUSD AB=CD pattern is almost done in BTC/USD in daily candles. $6300 area is where "D" wave ends. But BTC may see 1.618% extension of Fibo i.e near 6800+. Satying neutral here & just watching price action @ these levels. Next immediate resistance is 8000 (2.0 of Fibo ext).
Currently BitCoin has started to show up Signs that it might crash back to $1150 very soon. Their are couple of patterns in charts that i look for which are probably best for reversal indication and they are forming up in higher time frame charts of bitcoin. but there is more.. 1- BitCoin Has recently broken above a long term curve at 1500, but there is very less...
Go long on BTCUSD Target 1000 (Target can be 1040 with trailing SL) Tight SL 939