BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD
This is time and fundamental independant approach...
All the levels drawn pertain to 0.382fibo ratio, pivot and support points...
For demostration purpose only
Disclaimer.. not a trading/investing advice...
BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD
Expected movements..
1.normal vibrations in the symmetrical triangle
2.produce the C point of the bear gartley
3.take support from the kumo cloud
4.Breakout of the triangle and for the Cd leg of the bear gartley
5.resistance at the PRZ limit of the bear gartley
6.Reversal to take profit level of 0.618AX of the...
I have significant doubts about the bigger bear gartley to be valid or not,
Yet all the structures leds to the same PRZ and the same Take profit target...
Disclaimer.. not a trading/investing advice...
This is perfectly going as we expected.
BTC is making a move up and likely to breach 8300 resistance level. BTC is expected to test 9400 again so watch out...
As we posted on the following post the cycle seems to be perfectly aligned with the BTC trend.
BTC-Warning-Ahead
Bitcoin-BTC-double-top-again
With the genesis cryptocurrency being the trend setter for all alt coins, bitcoin finally made a higher low today after falling into the $7900 range (post the $5500 fall). Bitcoin making higher lows is a VERY important bullish indicator for the cryptocurrency market. Price action follow fibonacci almost like a guide. Long term retracement can be seen at the 23.6%...
Since our last post, BTC validated the double top and after testing the double top, BTC moved down sharply as we expected.
BTC as also breached an intraday support @ 8300 and currently consolidating near 8300.
We expect further move down from the 8300 area, if BTC breaks 8300 UP then expect 9400. However, overall long term trend remain bearish.
1.Descending triangle in formation
2.Price play at pivot
3.20hr resistance band of kumo cloud will resist uptrend heavily
4.Another touch of the triangle upper trendline expected
5.a volume backed breakout expected
6.this triangle is a continuation pattern so downtrend prevails
7.Downtrend follows the fibonacci where the primary fibo ratio of 0.618 is considered...
BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD Sorry, this was a late idea published as net connection was too slow to publish, i have been scalping the price since the cypher..
Now the plan is, as the bat that has formed mainly in the 5min time frame and has completed its effect , i expecta bounce from the ichimoku kumo cloud soon and to go grossly as the...
The game changed when the falling wedge broke out , followed by a bullish cypher, the first bullish pattern in the chart..
Now in the shorter time frame there is a bearish bat which seems to be forming..
If the formation i complete i expect a throw up to the first resistance level as marked...
The whole strategy is supported by a bearish ABCD in the...
There is a lot of FUD spreading like a wildfire in the crypto-community and it looks like the golden days of Bitcoin will not be coming back anytime soon. But it is not going to remain the same for long as Mt. Gox might sell off their remaining Bitcoin in the month of September. According to CoinMarketCap, Bitcoin is currently valued at $8736 and the market...
Technical analysis on BTC/USD. Seems like the entire crypto market cap fell by a bit, together with $BTC. However, it appears that $BTC is near the support line at around $12,664 and Resistance Level at around $15422. Good entry now for $BTC at around $13,000. Reward: Risk Ratio is around 4.5:1. Favourable time to get into Crypto and into $BTC if you do not have...
![BTCUSD: Mt. Gox to sell again – Bitcoin [BTC] to be in red till Septembe](https://s3.tradingview.com/l/lAjMZdWR_mid.png "Mt. Gox to sell again – Bitcoin [BTC] to be in red till Septembe")
