8000
Bitcoin is again trying to gain a foothold above $ 8000Bitcoin is again trying to gain a foothold above $ 8000, as expected.
The nearest resistance will be the upper limit $8150, let's see how it will work.
The next target of the bulls is $ 8700-9000.
The average moving MA200 has broken the MA50 upwards and is looking confidently at the sky - the price should be a good support in the near future.
RSI just above 50 - there is potential for growth.
Conclusion: I expect growth in BTC at least to $ 8250-8400.
Bitcoin ideasBTCUSD Depends on what happens with the tube/downtrend we are in now. If we break 6000 we may see the 5000 downside target. If we break out of the downtube we may get back in the wedge we are creating. This wedge isn't finished. So we will continu with building this wedge till I think somewhere August and could fly up again!
Down move still strong. $8730 coming. Possibly down to $7740My analysis:
If we breach the $ 9350 barrier here, the price will fall fast to 8730. There should then be some hesistation orbiting around 8800-9200. after that the price may drop even more to 7730.
See the pink horizontal lines which represent the levels that price should pass (based on my analysis).
I think the price is moving natutally to 7740 USD.
I've placed a SHORT trade at $9458. let's see how it will move.
I've placed other level. The last one is 6000 USD. It's a possible scenario. If we go below 7740, the price has a (bad) chance to go down even to 6000. If that's the case, that 6000 level
will come fast. But it's too far to take it into consideration right now
I've place BULLISH levels also in green at 12050 ,12200 and 13000, but they are too far from now
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IN FRENCH:
Mon analyse:
Si nous descendons en dessous de 9350 dollars, je pense que le prix s'affolera et passera rapidement a $8730. Ensuite il y aura hésitation en orbitant autour des 8700, et
il y aura un risque de chute jusqu'à 7730.
Je ne vois pas le prix descendre en dessous des 7000.
J"ai passé un ordre de vente a la baisse (sur bitfinex) a 9458. On verra bien. Je compte stoppé dès qu'on passera en dessous de 8730. Ensuite je ferai une autre
analyse et voir s'il faut encore speculer vers le cap des 7730.
Il y a d'autre niveaux sur le graph :des niveaux haussiers mais que je prend pas en compte pour l'instant, car le marché semble etre baissier
Le prix pourrait descendre juqu'a 6000, mais c'est encore trop tot pour dire
Lets go to 8kThe green long term - trend line coincides with the fib extension level (8.000 usd) for the corrective C wave target. This correction is needed and healty for BTC , after that correction, we must see a new hig!!!, i think that correction ends with the comes of Lightning Network implementation.
In a previous analysis of mine, i shown if the btc broke the mini triangle, the best way were to sell. Who follows my advice avoided losing yesterday more than 10%
In other previous analysis, i said btc could go to 7.300, but this is the update for that analysis.
Bitcoin 8k - Cup and Handle Formation ProgressBeen watching with popcorn and profits :)
update to an earlier idea, with an extension to the cup to form and break the neck line
we can expect the formation to complete by shorting down to the net fib levels provided by the gann fan
8.2K Stop on the short, plz practice proper risk management
good trades x
nifty near high resistance area 7950-8000 Chanc for trend reversnifty near high resistance area 7950-8000 Chanc for trend revers
US30 SELL SELL SELL 8000 PIPS TARGET :) I took a sell trade over a month ago
This setup may seem crazy and unrealistic
but i truly believe take profit will be hit by the end of 2016
Reasons behind this many reasons which i will not go into but if anyone would like to no why
contact me i have no issues with explaining :)
8000 pips here we come
