Looks like Bitcoin is testing patience levels of investors. We could see forming a traingle pattern and need to wait Jan 5th to break the pattern. Hope 4 gud. Happy new year folks :-)
Bitcoin, will it levitate towards POC ?
#Bitcoin: Channel Respected. break it & go to $9000
market is moving towards the Inner channel line and will see how it behaves from there
We are in with a good chance of this completing in the next 12 hours. Strong support, trend line show on chart. Risk Vs reward to TP #1 is 1:1.
We might see drop in Bitcoin prices as there is head and shoulders formation, except drops if the support 14500 doesn't maintain in next few days, we will very likely see prices touching 9000
In the stupendous rally Bitcoin has witnessed, an interesting point to note was Bitcoin briefly tested the 50% retracement level during the recent panic-selling (termed as the most awaited Bubble Burst by many folks on the street). This 3 day panic-selling was followed by a 1 day sharp pull-back (which is a common scenario observed in capital markets), only to see...
BTC/USD CMP 12433 TARGET 9000. 4 HR CHART 1) Price structure has a broad H & S pattern bearish pattern. 2) 200 ema breakout is a big negative. 3) Neckline breakout adds further strength to the bearish view.
Dear All , Everything is mentioned over the Chart ... This is For Educational Purpose ... Good Luck !!!
it is shocking what is going on btc comment what do u think
Clear Topping out pattern in Bitcoin was there. Though now this view post is hindsight #BTCUSD #BITCOIN
Valuable asset - continue to drive up demand (as has been rumored) Some see bitcoin as the new gold, it only exists on computers (decentralized computer network), which means a lot of money flowing into the digital currency No Federal Reserve-like authority that can devalue it. Bitcoin’s core users are still criminals and fringe figures Bitcoin is extremely...
BTC/USD - Short Call CMP 16113 TARGET 12775. 1) Price below 30 ema in 4 hour chart 2) Price breaks support at 16115 with above average vols. 3) Downward breakdown after a flag pattern signifies BTC an ideal candidate to short.
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