Going forward till 17700-17800 is not crossed expect downside upto 15600-15300 which is 20DMA In case 15500-15600 is breached, expect further selling uptp 14900-14300 which is 38.2% retracement of 5400 to 19900
I feel that bitcoin rally has run out of steam, this seems to be the end of a 5th impulse wave of elliot and the 1st reactionary wave seems to have begun! I feel the bitcoin will test target 1 of 16500 , target 2 of 14000 and the stop loss for the same would ideally be the rally high, but i feel a close 19300 would also suffice!
BTCUSD seems to have completed its impulse wave and seems to have entered a reactionary wave. The target for the same at first will be 16500 levels and second target can 14900 levels. The stop loss ideally should be above the high of the rally, but on a closing basis the stop loss will be 19300.
BTC bull run has been a wonder of sorts in 2017. No trader in their history of trading would have seen anything similar to this. No technical analysis can be applied to BTC movement, but despite that I'd do this TA. The ticker is known to trade in a parallel channel. It's been in this channel since a long time and it's currently at fib level 1. It'll most likely...
Technical : Flag Pattern If Daily Candle Close Above 16616 Then Flag Pattern Breakout Confirm! After Breakout Conformation Technical Target : 27794
BTC / USD CMP 17450. Target 19200 plus. Stop 16200. 1) Cup and Handle formation observed in 4 hour chart. 2) All HTF MAs sloping upwards 3) Bullish continuation pattern with breakout post C&H formation.
Wait for Buying partial @ 13100-13200 and @ 8800-8900
Bitcoin just completed a extended 3rd wave and hence poised for some correction. A-wave is in play , we will wait till B-wave is done and SHORT Bitcoin for the C-Wave. As seeing the volatile nature waiting for confirmation is a better way. As the current top is very mechanical and magical (16666.66) retest is very much possible. Correction can take it to test the...
Today Bitcoin is ready to break the so awaited round number - $15,000 level. It’s trading around $14,950, and the breakout looks like just the matter of few hours. And there is no way, the crypto currency is going to retrace in the nearest future, as the two key events are looming. First, CBOE will be offering Bitcoin futures starting from December, 10. ...
It appears as if BTC is getting traded in an ascending parallel channel and currently it's around the middle of the channel. The price of the pair is hovering around Fib level 1 and the volumes are gradually decreasing. MACD is +ve and the divergence is too high. RSI is hovering around 83. Way to high in my opinion. With all the above observations I'd expect to...
BTC / USD Previous MACD crossover has produced 36% return. MACD crossover has happened now. Expected level around $15000.
BTC - Charts reveal a retest of $ 11,000. 1 hour chart 1) Reverse Head & Shoulders pattern formation. 2) Price well supported by 200 period ema. Has crossed past 30 period ema.
Bitcoin pitchfork We could see Bitcoin bounce from resistance at +0.618 line in the upper half of the pitchfork
evening star is one of the powerfull japenese charting techinque . 1st day ndcale green 2nd day star + DOJI which shows buying pressure is reducing and 3rd day red candel penetrating in 1st candel showing selling pressure is taking over the buying pressure. levels shown in chart
Sell BTC on parabloic breakdown,CMP 7200 Target 4500, SL 7800
Bitcoin(6398): As suggested in previous post negative divergence visible. Closed @ Rising wedge support Going forward Immediate support @ 6300, break below with volume will witness further profit booking upto 6000-6100 levels. Till 6600-6850 is not crossed lower levels of 6000-5600 is likely to come.... In case 6300 holds bounce will be upto 6600-6850...
0.618 is an important level. It found support at this level last time before it began the upswing. Will it find support here this time?
I am not looking at trading out at the moment, but looking to see if it'd hit the resistance between 7952 and 8075?