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XBTUSD

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
BITMEX:XBT
by Husain_Arkghazi
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
BITMEX:XBTShort
by Husain_Arkghazi
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.
BITSTAMP:BTCUSDLong
by AlanSantana
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
BITMEX:XBTShort
by Husain_Arkghazi
1
Technical analysis using Trend lines and S/R levelsAs we can see in 1D chart we are clearly in a Symmetric triangle. Its target on the upside is 5700 $ (less likely), and on the downside is 2550$ . Now , lets us analyse the current situation, we can see in 4H chart we had a whooping 350$ - 400$ pump after breaking the falling wedge. It wants to test the 3800$ resistance (more precisely 3789$) but the bulls look weak in the current stage, we can see a retracement till 3485$ - 3468$ before heading upside to test 3800$ resistance. CURRENT BATTLE PLAN :: we are shorting from 3600$ - 3630$ For full signal, join our telegram channel or mail me at 181shakir@gmail.com t.me Do not forget to like and subscribe if you find it useful. THANK YOU!!
BITMEX:BTCUSD.PShort
by chartguyshakir
This is my last post !! Bad news ,FUD , dump - What next ?My Dear friends & followers I am using a different trading view profile ( trading view profile id - cryptoanteg.com). Please follow me there as this will be my last post from this trading view ID ! I WOULD ALSO SOON TEACH YOU ALL HOW TO PUT TRADES DIRECTLY FROM THE TRADING VIEW TO YOUR EXCHANGE ( BINANCE /BITMEX) WHEN IT BREAKS A MAJOR TRENDLINE REDUCING YOUR SCREEN STRESS WHILE TRADING SO KEEP FOLLOWING ME ON THE NEW TRADING VIEW PROFILE - CRYPTOANTEG.COM The reason for switching was to promote my website www.cryptoanteg.com Welcome to a new profitable trade ! Usually bad news follows after a dump which indicates its time to buy as a big green candle may be around the corner for a MEDIUM TERM trade ( 3-5 days) What we see from the charts using both classic & modern TA , Divergence - Bullish between MACD & Price Action TD trendline ( green line has been broken ) indicating market move in upward direction . I have put targets as per both modern TA & classical TA which are coinciding to approx 3600 previous resistance level. Stop loss is 3300 levels. Risk to reward is 1:3 for this trade . Dont go for more than 2 % risk and select CROSS on leverage . Always remeber money management precedes TA skills . Please remember this is a BITMEX perpetual trade prices only . Love to all of you ! Dont forget to follow me ! Ed
XLong
by edjunkmailbox
BTC/USD(COINBASE)As stated in the previous article last week, if the resistance level $4200+ is not broken then we would hit the price around $3500 range.Hence it tested the $3478 price level after a drop of 15% this week. Bullish Case: It needs to hold the $3400-$3500 support level and break the $4200 level in the coming days to confirm bullish momentum otherwise we might see the <$3000 level in the coming weeks. Bearish Case: It has tested the $3500 price level recently and bounced to $3670 level due to the news from the Russia investing into Bitcoin. The bounce(surge) looks weak(less buying volume) and we might see <$3000 level in the coming days/weeks if the $3200 support level is broken. Note:It can also range between $3200-$4200 level for few days before making significant move up or down.
COINBASE:BTCUSD
by coinswitch-trading
Bitcoin looks choppyI have chosen this ABCDE triangle wave as my primary count on the daily time frame, which also looks like an ascending wedge pattern wise. Ascending wedges are usually a bearish reversal pattern but can be used within a larger movement. So, technically my downside targets are near the wedge bottom ( USD 3100-3200 level) , where it'll be crucial to watch if the support holds or not. But , my current play on the shorter frame is long position with targets around USD 4350-4400 levels, where my E for this potential ABCDE ends. Although , its a riskier trade but I have a tight SL if the wedge breakdown is in play from right this point onwards. There's no such thing as being sure in the markets. Wedges can break from the upside too and that would be considered as very bullish. In that case, i'll spread my asks in USD 4900-5200 ranges with a tight SL. Still i ain't dreaming of such miracles atm . Count wise i'm banking on a small wave down after this potential ABCDE towards USD 3000 level , which might give us a small Y of a larger WXY down. This is my bullish scenario ofc. My Bearish case would put it around USD 1500 levels before the end of this correction.
KRAKEN:BTCUSDLong
by XtinCt
XBT/USD Short term viewBitcoin has been showing strong uptrend and has bounced strongly from the demand zone of $3100 level. Bullish Case: If it manages to break the $4100-4200 level in the coming days then it will continue its bullish trend till next resistance $4700+ level. Bearish Case: If it doesn't break the $4100-4200 level then we might price see price dipping to <$3500 level. It can also range between $3200-$4200 level before making significant move up or down. With Bakkt launching BTC contracts on 24th Jan'19, we might see a price jump but not necessarily.
BITMEX:BTCUSD.P
by coinswitch-trading