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check the daily & weekly - bearish trend reversal , if weekly ..check the daily & weekly - bearish trend reversal , if weekly .... doesnt close above 11890-11920 , seems improbable bcaz DJI forming hidden bullish diversion on daily, i m considering DJI as an inverse poarameter . ..in btc price action . not only this daily is closed below 11880 giving price action more bearish tone .
SACLP TRADING- A PROBABLE CASE OF BOUNCE FROM HERE TILL 11450PRICE HITTING MAJOR SUPPORT AREA WITH SMALLER TIME FRAME OSCILLATORS R IN OVERSOLD AREA ALREADY , GOOD TO MAKE LONG TRADE HERE ,BEST RR HERE .FIRST RESISTANCE SHOULD BE TAKE PROFIT AREA FOR 50% QUANTITY . 50% BECAUSE HAVE TO WAIT TO SEE BREAKUP OR BREAK DOWN FROM THERE .
i will be covering/closing my shorts when any candle touches ...i will be covering/closing my shorts when any candle touches ... the green trend line , break of upper yellow trendline has confirmed the temporary downfall , will update my view when price touches the green trendline .
needed your likes & re tweets .
bitcoin same old game once againhey guys, bitcoin price charts in small time frames are one of the most tricky things in technical analysis, seriously trust me, ive personally experienced this thing as an elliot wave analyst. but there're some patterns which appears again and again in bitcoin's chart, for example like the upper one.
i've seen this tricky pattern a lot of time in bitcoin movement, first you get a double bottom and then a double top, and this pattern worked so well to rekt traders, when prices forms a bottom and then comes again to retest it lots of folks gets confident to break that level and go below, but then suddenly prices gets pump from those level and fomos looses their money, just opposite to that when prices forms a top and then again march towards that level bulls get so convinced to break and go above that but suddenly prices crashes, so in this of situations its better that we should wait for the price action confirmations.
here we also getting a double top formation, basically we're now in flat correction which is normal behavior of wave 4, am still bearish as i've predicted in my analysis
and remain bearish unless we break 8150 level, but there's a high probablity of going lower, as we'll soon move into wave 5, which could push the prices below 7000.
thankyou
Bitcoin wave A forming an ending diagonal, more dump to comehey guys Bitcoin continues to drop and from charts looks like wave A is forming an ending diagonal formation, which appears in normal zigzag correction, from current position it looks that we're now in wave 5 which could end up around 6900, which i've clearly mentioned in my previous XBTUSD analysis
although if we get an extended wave 5 than we could go even lower, but 6900 could be the key level for a major turning point or the beginning of wave B, so be cautious from here, personally am expecting that wave 5 will extend upto 100% of wave 3 which is around 6750.
hope this analysis will help you to make profits thankyou
Bitcoin 2020 Going To $82,352 (Simple 12345 Elliot Wave)We've seen Bitcoin (BTCUSD) predictions for the future that range from $100 to $1,120 all the way to $1,000,000 and beyond.
We would like to be more conservative and use some known tools for a long term Bitcoin prediction... Let's take a look...
But before we get started, feel free to hit like now if you want to show us some love and support.
We are using the 12345 Impulse wave structure from the Wave Principle Theory by Elliot Wave.
We used Fibonacci proportions to reach our top target of $82,352, which matches perfectly the 5th Wave.
The MACD supports this move.
The RSI hit its lowest point, is now bullish and can also support this move.
What's your take on Bitcoin long term?
Leave us a comment in the comments section below.
Thanks a lot for reading.
Thanks a lot for your amazing and continued support.
Namaste.
Bitcoin XBTUSD more dump to comehey guys as expected we see a heavy sell off after breaking the 8100 level and close below it, i've said earlier that 8100 was a key level and if we close daily candle below it than we could see a heavy dump in prices and as you see we saw a heavy sell off upto 7500
now from the charts wave b has retraced upto 78.6% of wave a and now wave c could extend upto 161.8% of wave 1 which in this case goes around 7100 level, but before this most likely we are in minor wave 4 of c where whales could accumulate the prices and then we could see a heavy dump, personally am expecting to go upto 6950 level. meanwhile am closing half of my altcoin positions and moving in bitcon "not usdt", as this will be the safest strategy if we're going wrong, also shorting XBTUSD from above 8000 level as we can get a great opportunity of making profits from this dump.
Short XBTUSD with 5-10x leverage from 8000-8100
T1 7550
T2 7150
T3 6950
Stop loss 8170
BTC could correct in the following monthsThe correction would see BTC dip to 6.2k-6.8k. This would be in line with the 30% correction in an upmarket. The RSI has been oversold for two months and the funding rate on BITMEX is also favouring the shorts. The recent scaling to 9k would suggest BTC has peaked and we might see a short term pullback.
When BTC dips to the rectangular are it should be a good buying opportunity. 8.3k could act as a short term support but the major support is 6.2-6.5k. The 50DMA would also be in this region and will act as major support.
For the bullish narrative to remain intact the pullback should be small (not more than 3 weeks). If the market recovers within a week, we might see BTC smashing 10k in coming months.
XRP/BTC making hidden bullish divergnce on weekly (buy dips)If u notice XRP -BTC making classical hidden bullish divergence on weekly ,with forming a triangle on long term support zone ...most probable outcome would be out burst to upside in coming 10-15 days . its a buy on dip scenario for XRP/BTC in coming day as i expect upside upto 10000 sats in next 2-3 weeks .
did Bitcoin finally made a top in short term?ok guys so for now things are really uncertain for Bitcoin, although oscillators are screaming for more bullish movements but some reversal indicators and by elliot wave theory we're likely really close to the top. from the above chart you'll see that bitcoin tried 3 times to break 161.8% level which is around 8170 and succeed in 4th attempt and hit the 200% level. now an extended wave 5 could go upto 161.8% or 200% of wave 3 which in this case we've already hitted, now there should be start of new abc correction wave, but for a confirmation i've also looked at william's vix fix and murrey's math oscillator, this both indicators alone are not very effective but together both of this indicators work very well.
now in murrey's math oscillator you'll see that we're making long dark green candles which are usually sign of creating tops, but that doesn't mean we're going in a correction usually this means that bulls are getting more strength, and you can see that, coz we had a long period of dark green candles, whereas william's vix fix is also indicating for a top by making small grey candles, the more smaller candle gets, the more likely we're forming a top.
although am still concerned for this situation and this will be too early to say this or going short from here, so we need more price confirmation from here, we need to break 8100 level and stay below that level to go completely bearish or to short bitcoin.
plz like and follow to support our work, thankyou.
Beginning of a new Bull market in Bitcoinhello guys, now this is what everyone is waiting from months, that when Bitcoin will enter in next bull market? and i think that now finally we've got our answers. now we could say with 80% probablity that we're now beginning with the next major bull market. as i've told in my previous analysis that 6000-6450 is the major level of resistance we need to break and hold, and bulls successfully broke that level with the extended fifth wave and also protected and succeed to keep pushing prices going higher from last 3 days. from here i think bitcoin gets consolidated till the end of Consensus 2019.
i've said previously that most likely we're currently in wave 4, but this perspective completely changed when we break 6450 barrier, now i see this as the start of a major bull market, and most likely we've just completed the wave 1 of this cycle and wave 2 could have already started.
now going to the second part of this picture, most likely we'll now enter in a corrective wave, which will be a zigzag correction, now the major resistance zone will be the first support level for wave A, which in this case could be between 6000-6450, most likely 6000, after that wave B will not have enough intensity to stop bears and won't last longer, than for the final wave C we have 3 targets, fib5 around 5300, fib618 around 4800 (this one could be the most like bottom for abc corrective wave, or you could say second best opportunity to buy bitcoin, coz normally wave 2 retraces from 50% to 61.8% of wave 1, but it can also go lower than that), and third major support is around 4200 which are also previous highs, somehow if we also break this 4200 level than 3200 is the next target for bitcoin.
although nothing is impossible, so we have to expect best but should be also prepared for the worse, so if somehow wave 2 breaks 3200 level, which has now very low probablity, than this complete analysis will be proven false, and you already know what will happen after that, new lows for Bitcoin.
but hey, don't worry, you must enjoy the trend for now, this whole process of corrective wave 2 could upto 2-3 months, for now i won't recommend you to move in stable coins, this looks great time for alts to recover their prices, most likely in coming days almost every alt could pump upto 50-100%, so only if you just have patience to hold some good coins you can make some decent profits by just doing nothing.
I hope this above analysis will help you and you'll make some good profits with it, for alt signal calls join my telegram channel CoinGuru or follow me on twitter
thanks for reading, this is Husain Zabir signing out.
Cryptocurrency Total Market Cap Breakout + Bullish PotentialThe cryptocurrency market is moving. We are seeing green and we like... We love it!
I am now looking at the total market for the entire cryptocurrency market, all altcoins including Bitcoin, and we have several interesting signals.
Perhaps you might want to take a minute now to hit LIKE, and then continue reading what I am about to share... Thanks a lot for the support.
Crypto Total Market Cap Bullish Chart Signals
Daily time frame chart analysis (left)
On the left we have the daily time frame, where I want you to take a look at several things.
First we have trading volume increases, which is the best signal you can have to support a strong breakout. This huge increase in volume came to break above EMA50 (magenta) and MA99 (red).
The RSI is super bullish and the MACD is just following its steps now entering the bullish zone after having a bullish crossover.
Pretty simple, straight forward signals.
Weekly time frame chart analysis (right)
Here the action is just getting started, on the weekly time frame. You can see that EMA50 is still far but the total market cap is now above EMA10. This signal is only valid when the week closes.
Trading above EMA10 = bullish potential.
We have the RSI curving up strong and the MACD showing a bullish crossover.
The candlesticks formation and TD Sequential are also supporting a bullish move.
So the chart for Total Cryptocurrency Market Cap is starting to display some nice bullish signals, and we have these many altcoins and Bitcoin making strong moves which are reflected in the charts above.
This is the type of action we haven't seen in a while, and we are expecting a strong wave up in the weeks to come.
Enjoyed this post? Feel free to hit like if you want and I will keep on posting, more and more.
Namaste.
S.O.S SHORT FLASH OF LIGHTNING SHORT S.O.S ORDER FLOW 1 HOUR XBTEstimate ORDER FLOW time frame 1 hour BITMEX
Hello Retail investor, I will give an estimate strictly from the perspective of the "ORDER FLOW" being 04:48 pm on Friday, February 15.
The "VWAP" in 60 periods shows that the price is in "regression to the average", ascending weakly (without volume) after making a false break in the second standard deviation (USD 3555.38 approx) in its previous decline.
At this time we note the price has as resistance the first standard deviation USD 3567.23 which coincides with a "relevant resistance".
The Cumulative Delta (CVD) shows a "divergence" with respect to the price, lack of interest on the part of the "professional hand" or "absence of volume" which gives us a high probability that the price will go down to the following USD supports 3550.05 approx, to make a false break and then ascend quickly leaving a candle with a wick or long shadow
Greetings I hope you could have served this "estimate" look for me on YouTube as "Crypto Retail" soon upload content from the perspective of "ORDER FLOW"
For the most risky, I will give the following probable relevant supports to consider: USD 3546.05 aprox (take profit in short and entry in long) and relevant support USD 3540.14 approx (take profit in short and entry in long)
Short TRX - Bitmex
TRX! What a coin. It increased in value dramatically. It seems it is now time for a correction.
BTT airdrop happened today. Momentum is for now temporarily over.
1. RSI crossed the 50 area
2. Bulls are tired
3. SHORT positions are getting more and more
4. likely that it will go to its previous support level
The purple line is the support level.
The bold green line is my first target.