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...
We mentioned in our last two posts, chances of BTC hitting the double top support level (12,000) is very grim.
BTC is hitting multiple key levels simultaneously, Resistance, trend line and 50 MA and moreover 2 failed rally at key level.
As we can see the two shooting stars (marked in circle) at the trend line (Resistance), indicates that time is running out for...
There is not much left in BTC, BTC is getting weaker and weaker as it is hitting the resistance level and trend line at 10,000 level. We recommend sell at 11,000 level.
Btc/usd on daily and 4 hours chart is showing promising signs of rise upto $17000. Hodling time is estimated to be 1-2 months.
You can clearly see the wolf wave completed and on-going, whereas inverse head $ shoulder is waiting for breakout, and not both these pattern have common target point.
CP-$10654
SL-$9394
TP-$17100
For more info, read the article given...
Hello Friends, Thanks to all for the likes and here we go with new BTC Chart.
I have made this chart a week ago it still moving with in the bearish lines in red and may not break until gets into the Buyzone.
Blue median holds resistance where I think Bitcoin movement should get into pace there and with in green lines strong buyzone starts.
Trying to keep it...
The best entry point to BUY = Medium term
Hello!!!
I expect a drop of about 7000 dollars for 1 Bitcoin. I can not say exactly when this will happen, maybe the price will fall right away, but maybe first it will reach $ 19,000 / In general, we look and wait, it's better to place limit orders or wait for the impulse to go down.
In addition, a little later, at...
Looks like we are on the verge of breakout out of a major trendline. Over the last two months we have constituted a massive bullish flag. The upper resistance has been test 2 times. This time, the rally started near the resistance line and had a consolidation right below. This gives a better chance of breakout. This has already broken out to 10700 levels, however...
BTC and Major Crypto have been selling over that last few days with volume gradually declining. We said before that BTC is not done yet and there are still gas left in BTC.
We know a lot of sentiments in Crypto market is driven by Bitcoin, we have also seen that other cryptos including many alt coins has been weakening compared with BTC.
As BTC volume is...
I welcome you to crypto bear market where you will taste what real blood feels like. Longer term i am bullish on btc but top of this cycle is in.
If you think bitcoin will break its ATH any time soon (which most of you guys think) then this will be hard on you.
Now the real question is "Will it last for 1 or 2 years ? or Will it be shorter say 5-6 months ?". I...
As I said in my previous Post, I sent out this chart on 19th January to my group suggesting BTC would break to 6000 level (5600 to be specific).
Please check this chart: photos.app.goo.gl
BTC is heading to 12K and a lot of optimism is building up BUT with "caution"; faith and trust has been damaged somewhere and sentiments are broken. At one point it was...
