We mentioned in our last post that BTC will test 12K level, BTC was quite close on 20th Feb at 11788 and again bit lower at 11700.
BTC made down move since then and tested 9K level. 9K level has now become a very significant level, BTC today seems to be bouncing back from 9K level means the volume pumped in the market yesterday and today was not enough to push is...
Spreading rumors about Binance's security issues killed the momentum for BTC to reverse the trend. After last two patterns BTC failed to break out at the right moment(the inverse head and shoulder and triangular contraction).
If this rumor turns out to be true and plus if it catches everyone's attention, it is very highly likely that BTC will experience another...
BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD
Rationale for entry..
The reversal from the falling wedge on good volumes ,
The 5/13 dema cross on the uptrend,
The RSi in the oversold zone
And finally the Bryce Gilmore classic butterfly with an uncommon AB=CD pattern doing reversal from the PRZ on the back of good volumes...
In short, a feast!
Take profit is...
COINBASE:BTCUSD BITSTAMP:BTCUSD BITFINEX:BTCUSD will be interesting to see, what kind of a breakout it produced, the 2 hrs rsi is almost oversold, so it may reverse in to a bullish breakout..
No trades taken as of now...
If positive momentum seen as with other sign of a reversal, definitely a long..!
Reversal expected n BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD COINFLOOR:BTCUSD Reversal expected now
Rationale
1.Potential reversal zone matches with lower margin of cloud
2.demand shortage started on weis wave
3.guts n blood
COINBASE:BTCUSD BITSTAMP:BTCUSD BITFINEX:BTCUSD OKCOIN:BTCUSD
A bearish gartley on the back of a bullish momentum price divergence..
This is a good opportunity to trade..., may trigger a breakout, although the bulls are too weak for the bears in the short term
Hi Cryptianz,
We are seeing that BTC has started its bullish trend and having their strong support levels above $10500...
There will be always a Pullback in Bullish Trends that's what we are seeing now...
We need huge volume to make it more bullish after this pullback we may see $12250-$12500 in few trading sessions.
This pullback is expected upto $10860 if...
The rising wedge pattern is playing out.
The upper trendline on the log scale has been tested. I expect to see a retracement toward the Kijun / Cloud support which coincides with 0.382 fib retracement level.
Potential Rising Wedge is forming on daily chart of bitcoin. Good short opportunity IF it plays out.
Target will be the height of the pattern (maybe around 7k area).
Wow, BTC had nice run-up over the weekend and managed to keep up over 11K mostly. This clearly suggests that the channel theory which many analysts were relying upon is now flop theory.
We mentioned about "double top" pattern in our early analysis and the BTC reversal due to double top support break, this double top reversal is still in play. BTC is gradually...
The Large Cycle of Bitcoins >>: 8 February 2018
The first Dl Circled Region is the set-up for the start of momentum for Wave 3 up, and the second Dark Orange Circled Region is the set-up for the start of momentum for Wave 5 up. Wave 4 correction for the Bitcoin had been done using a Brown Bullish Wedge in capitulation style. This had been a cunning set-up but a...
BITSTAMP:BTCUSD
Case for the bulls...
1.A longer term bearish abcd with a bullish CD leg under formation
2.Breakout from the ichimoku cloud on the four hr chart , both lagging line(Chikou span) and price action
3.Fibonacci retracements of 0.382 bokeen on good volume support (although not a clear brekout)
4.A inverse head and shoulder with classical volume pattern...
![BTCUSD: [Binance Hacked??] Last bear ain't done yet??? com'on](https://s3.tradingview.com/a/asfddqdR_mid.png "[Binance Hacked??] Last bear ain't done yet??? com'on")
