Bitcoin Price Analysis For Long Term Inverse Head & Shoulders Pattern are forming, if it continue then it is a bullish signal, Then price wlii touch near the ATH, Reach the 17K $ .
According to Elliot wave theory BTC should go to around 8100-8500, because 1st wave is completed around 11700, now the correction waves comes into the picture, so According to ABC correction waves and fibonacci retracement, it should go around 8200. These are only my thoughts not a financial advice, and btw always play it your own way.
As you can see, we have already been through a similar fall int he past from $11,500 all the way down to $8,800. To those of you who think BTC is dying, please remember that everyone thought Bitcoin was dying during this time too, that's why they sold.
According to Elliot Wave 2nd wave is completed and its ready for the 3rd one which is going to be around 250-255.
ETH has been following a downward trend channel and have a downward support at over 627$failing to find support there it can possible fall in the range of 550$. As you can see the volume has been very low at the peak points. It would be safe to wait for ETH to reach 960$ levels before having any long position.
The trend lines in blue are for a the short term trend, and the trend lines in red are for the shorter terms trend. We see a a wedge created by the short term trend, and the point of the wedge XRP shot below the bottom trend line and sustained for over 5 sessions, confirming the down trend. The shorter trend shows downward parallel channels, meaning XRP could be...
Inverted HNS pattern.....Before end of Feb'18 (mostly 25th /26th)....BTCUSD should possibly hit 14K mark...Ready to Rock ?!!!
BTCUSDT Bittrex 2H Chart Analysis Support Level - 8900 If the market breaks the 9315 then reach the 10k level.
Long position is set in Eth/UsD as first runner i.e. Btc is on same route and Volume is a big support in all crypto right now, with easily recognisable trend reversal pattern, but with not a new high expectation, just a decent rise before a big hit.
With the price action making an Inverse Head and Shoulder pattern in a time period of 13 days, and a Bullish Wolf Wave in time period of 38 days, it's very much clear with both targets coinciding and with the Volume factor in favor too, we can open for a long position with trailing SL of $320 (ATR,14)
The 4H ETH was supposed to be bullish after spotting the H&S pattern but the ETH failed to cross the 866$ mark. The market could possible see further down trend if it falls below 800$ i.e., below the 20 MA and 50 MA. A few sings for bullish pattern could be spotted if it breaks the 885$ resistance with a higher volume. Further more the RSI pattern also shows a...
The reduced buy volume is a clear sign for reversal in trend. The price might move a little up till the point of previous shoulder and then a downtrend is expected. This pattern will fail if a sudden surge in buy volume is seen and if the neckline is not broken.
All the current technical analysis show only one particular thing in common, ETH is having a bad time given the reduced amount of volumes and other analysis. The 4H chart of ethereum shows a clear sign of following trend. Support levels of ethereum can be expected to be around 400-500 levels.
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.
I am observing every resistance and at every resistance we are having drops..so we cant take out 10k level..price can go up to 10.3k and then can drop to 8.5k then if 8k exposes and cant sustain we can see 5k then end of bear market ...if 8k acted strong then u can see 14k..and from 14k too we have strong resistance which can drop price to 10-8k max...i am bullish...
BTC at long Term support line.... Hopefully a good support.