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BTCUSD Next Rully ! Also Check MY Forecast VS Actual !Price was moving exactly as I have posted. Now next target is Fibonacci level on 76% - $16101.98, which can be reached in next 10 days. The up trend is very stable and strong, I can not see the argument to short BTC now. Extra motivation for rising is bullish pattern Right Triangle (T3-T4) Terms and short forms! T - Trendlines (T1,T2... etc.) S - Supprt levels (S1,S2... etc.) R - Resistance levels (R1,R2... etc.) TP - Take Profit SL - Stop Loss F - Fibo Levels (F23,F61... etc.) Check out my next stream "What is divergence, why it is important for trading?" www.tradingview.com
BITSTAMP:BTCUSDLong
by AmiranAzaladze
BTC long (term) prediction (based on my previous correct ones)This update is an extension on previous long term analyses, although this one is more longterm. The same support lines are used and are still followed by the market, with one added at 6k. RSI supports upward movement, the MA (50) supports it as well. The support around 8.4-8.5k is holding. If it holds, it'll likely go up to 9.1k, since that one has already been breached, and the indicators support upwards movement, it'll likely move to the new resistance at 10.9k. Gains of around 9% can be made in the first part of the trade. 19% can be made on the second trade. Set stoplosses. To conclude, the RSI together with the support and resistance theory support a test of support at ~8.4k. The MA(50) together with the support and resistance theory support a test of resistance at 9.1k. It'll move to 10.9k if 9.1k holds well enough. Keep an eye on the description comments for changes. If I made you money, please consider buying me a beer to make my day: LTC: LfbKuDHZaDTRUV9pXJuWCUcG14XLrGtBcs Keep in mind to always set stoplosses and know the risk of the volatile market. Technical analysis is just an indication and is not a guarantee.
Long
by Woolhead
2
Classic bearish right-angle broadening wedge on BTC. $7100 soon?BTC/USD is currently forming a textbook bearish continuation right-angled broadening wedge pattern; and we are now in what would be the final push up (potentially toward 8400-8500) before an eventual break of the support zone around 7800/7900 with a measured move around the $7100 region; which is confluent with historical price action and in the vicinity of the 50 week moving average. This lines up with the notion of redistribution before further downside continuation following the high-volume break-down from the 9k region. I will show some additional charts below adding further bearish confluence in the comments down below. Also, for any traders wanting to try out Binance Futures or Margin trading, feel free to sign up with this link and you'll get 10% of your fees paid kicked back to you: www.binance.com Binance also just launched their US exchange (Binance US.) If you need a link to go sign up, click here--> www.binance.us -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
BITFINEX:BTCUSDShort
by Deftsuo
Citi Bank Bullish Breakout?Can we see a breakout in NYSE:C ? I currently say this because ever since the 14th of January of 2019 it has been consolidating between the resistance line at the $65.23 and the support at $60.81. For myself the RSI and MACD are the most important indicator to me. As you can see the MACD has crossed just before the 3rd run to the resistance and the RSI is yet to be oversold. Posting this today the price has came close to the resistance line just by $0.6. I believe that if we see the price break through the resistance than it will breakout and we can see the target price to be around the $69.00 range. ALSO, there was a big right triangle forming and as of today it has also broken through the right triangle resistance line. So this should be interesting to look at if it can break through 2 resistance lines.
NYSE:CLong
by jrotth
2
Bitcoin in a right-angled broadening wedgeGood day Traders The H&S is still playing out from my previous post with a stunted 38.2 fib retracement to print the right shoulder, although I still expect another wave up to complete it. The downward sloping flag from my previous post seems to have turned into a right-angled broadening wedge as we found support at the same level as 13 Jan. Yesterday's drop happened as expected on account of that bearish divergence on the 4H StochRSI, as well as our daily SMA50 resistance. Although we never dropped as far as our $3440 support, we still fell relatively close, with a roughly $100 drop to $3480 (the same support we found on 13 Jan). This shows we still have strong support around the $3500 mark in the short term and that the bulls haven't handed the reigns over to the bears just yet, although they're quite close to doing so once this right-angled broadening wedge breaks out to the downside. We also have a downward cross of the weekly StochRSI so looking to retest that weekly SMA200 and potentially our $3k round number support, which I expect to be immense. For the short term, the $3500 support is holding well. We're oversold and we have hidden bullish divergence on the 3 hour StochRSI so I suspect we'll have another wave up to our broadening wedge resistance somewhere between $3870 and $3940 before we drop back below the SMA50 again. This will be more than a 61.8 fib retracement after our fall from $4100 and should complete the right shoulder of the H&S in my previous post, giving us a $3089 fib extension target, which coincides with the our broadening wedge target. Once we breakdown from the wedge, I suspect the weekly SMA200 is going to initially hold at around $3300 where we should see a bounce to retest the wedge as resistance, before dropping through our weekly SMA200 to find our targets. The question, is whether or not we are going to have a full weekly candle close below the weekly SMA200 (which has never happened and we don't want to start seeing that weekly SMA200 as resistance), or whether it holds or we have a strong wick below it before we close back above it. Either way, our $3k support and our weekly SMA200 are the key support levels which could keep us in a range bound market for the next few months if they prove to be too strong at this stage. The way I see it, we either get capitulation in the next few weeks or we remain range-bound for months to come. If we do get capitulation after the wedge breakdown and a drop below our weekly SMA200, then I'm expecting it to be a quick pukey drop, first to our H&S target then towards our bottom, before we have a strong bounce back above our $3k support to test our weekly SMA200 once we hit those levels. This is where we'll determine whether we have a weekly candle close above the weekly SMA200 or below it. Otherwise we find support above $3k and head back up towards $4200. Previous post:
COINBASE:BTCUSD
by Corn_Reaper
A Right-Angled and Descending Broadening FormationsPeople are over exited about Inverted H&S formation or Small Triangle formations but they forget the bigger pattern makes the direction of market. In daily chart I see this " Right-Angled and Descending Broadening Formations " which it can be Bullish or Bearish but in a down trend must of the time it breaks out bullish. As I see it can breakout upward now but because the length of RADB pattern is short the breakout will not have enough energy to move up the price too much. But if it not breakout and go down then it will touch the down trend line between 2.2K to 1.8k $. For more information about RADB pattern read this page: Right-Angled and Descending Broadening Formation
BITFINEX:BTCUSD
by nDman_sk
1
Massive Cup and Handle Hey Guys www.tradingview.com I'm very new on the block and I don't know what type of reception this will receive but hey this a wild and wacky world and anything can happen I predict the biggest cup and handle ever seen by man, where we can be fluctuating between 12k -7k at any time, but the main break out points will be around the 20k-15k area. If you would like to discuss this idea and poke holes in it, please do so as I will be reading them all and hopefully learning why I'm so very wrong
BITFINEX:BTCUSDLong
by Epididymis