doom soona break of $78 and we'll see $17-$15 dash before the next bull run wouldnt hodl this for sure
CRYPTOCURRECY
BITCOIN | Waiting For a Trendline Retest!Hi,
As I predicted on my 14. January idea post, the ~$9,000 was strong resistance and the price fell pretty sharply. The price action drew a bit too powerful Evening Star to make a "short" entry afterward but good for them who managed to take a risky sell (without a candlestick confirmation).
Actually, I don't like this too-powerful-4H-candle because usually, price want's to fill those clean pushes before it falls again but hopefully, the Bitcoin price want's to fill it after the mentioned trendline retest.
After the 19. Jan. push downwards from $9,200, the price has been stable and small moves upwards have found resistance from the Fibonacci retracement level 38%. This 38% resistance works perfectly if the movement is full of momentum and at the moment looks like the price action offers it - we have the Evening Star, we have the momentum.
To be said, my eyes are ONLY pointed to the green area , a possible buying area. To me, this is the only high-probability trading area, I don't want to trade those shown red arrows, break below the minor blue dotted trendline. It is weak and it gives just a small confirmation that the price may finally reach the possible buying area. The minor trendline break should be taken as an alert: "Possibly, we start to heading into the green box."
To be even more specific, the buying area is active until the price hasn't reached above the 9k and it has to fall within a few days (max 3).
The buying area $8,000 - $8,300 consists of:
1) The trendline retest! The trendline is pulled from 2019 high, last week the price made a breakout and there is a high chance that this trendline works perfectly as a support level.
2) The orange strong horizontal area. It has several historical rejections plus only strong and powerful candles have managed to make a breakthrough.
3) 3x Fibonacci retracement levels should act as support levels. 2x 38% and 1x 62%, pulled from different waves since the bottom of 2019 December.
4) 4H EMA 100&200 are around the marked buying area to add strength to the support level.
5) Daily EMA's are lined up perfectly to work as strong support - EMA50,100,200 are nicely inside and around the green box!
6) If the price reaches as low as $8,000, then it should act also as a support level.
7) Wait for a smaller timeframe rejection from the green box and as always, wait for a bullish candlestick pattern formation on 1H+timeframes to get more secure trade.
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Regards,
Vaido
The Cryptocurrency Market without Bitcoin. Yes Bullish! [TOTAL2]As soon as we look at the cryptocurrency market and its potential future, we go and take a look at the entire market cap. but without Bitcoin as well, just to see how our beautiful altcoins are doing... Let's start from the beginning...
Below you can gain access to the chart that we shared back in late February 2019... We see strong, stable, steady growth up... With the potential for so much more that is yet to come...
This is the chart (feel free to hit PLAY):
These charts are basically the same, TOTAL & TOTAL2.
We can see a massive increase in volume and slow, strong, stable and steady growth... After such a strong bear market, we can expect the bulls to take over for a while now... And this is already happening and more opportunities are becoming available every single day.
Additional scenarios are always possible and we are aware of these. The arrows represent our view for long term growth for the years to come for the cryptocurrency markets... The next bull market might go longer and higher than what many of us expect.
What's your take on where this market is headed next?
Share your thoughts in the comments section below.
Thanks a lot for reading.
Namaste.
That may have been the local top of this #Bitcoin $BTC moveThis is due to the 18 Sidereal month EMA resistance. Wave 4 will likely bottom at $4830. I believe the 5th wave will hit $5800.
XRPBTC: The Saga ContinuesAs we wrote here yesterday, XRPBTC plummeted notably along with the rest of the cryptoverse. It smashed through our early profit targets and last night came just shy of our more aggressive profit targets in the 50000 handle. The level of 60000 seems to be a hard lower bound for now, and we witnessed a vigorous buyback.
Currently 68796, which appears to be a very significant level. It is the lower bound of significant price action and we've chosen it to be the lower anchor of our Fibonacci levels. This level should provide ample support until another wave of selling comes through. If so, we can expect XRPBTC to make another run for the 50000 handle as predicted. Otherwise, we can see a large vacuum zone from above to 76500. That wave of buying momentum was unexpected, so if you have a short side bias, as we do, be very careful when trading this product. We could see another wave of momentum.
Thanks again for reading my post. If you enjoyed it, consider giving me a like and subscribe for more!
Bullish on Aeternity in the long-term, cautious for nowWe aren't necessarily making any predictions, just highlighting the most obvious support and resistance we could find, while outlining our general trading trading strategy of buying near the long-term .618-.786 retracements, selling around the 1.27-1.618 extensions. If it holds support on the steepest green trend line, we believe that would be quite a bullish sign in the short-term. Looking pretty good so far, but there's some significant resistance to face very soon...
Is Bitcoin correcting like it did in The Spring of 2013? This is a quick sketch of a thought: What if Bitcoin is correcting like the bubble of Spring 2013 instead of the subsequent one in November? It's tough to say if we'e reached bottom yet. However, if we are indeed following the pattern of the last Block Reward + Bubble era then this era will have the Bitcoin price recovering from this correction over the next few months and then leading to a bull run possibly up to $100k/bitcoin before we see a possibly year long (or more) correction.
BTC BREAKOUT ACTION AND SUPPORT LEVELSMy goal is simplicity on this one - Trend, Technical Analysis, Support Levels. Like many traders, I put too much faith in the institutional shorts in the futures trade this week and missed a perfect buying opportunity in the 13,500 area. So I'm getting back in gear here. We have reached higher highs on BTC today. In order to forecast what happens next, lets see how this has played back in the recent past. Wedge, breakout, consolidation, breakout, wedge, breakout! So my forecast over the next 2 weeks is either a 1.) wedge pattern > breakout or 2.) consolidation > breakout, and I would like to see my traders recognizing both scenarios and taking action. Either way, keep your eyes on the markets and let me know what you think! Buy the breakout. Buy the pullback. Support levels listed above on the chart. We are headed to $20,000 very soon!!!
