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Is the BTC Price CRASH Imminent ?Hello, dear subscribers! Today there was 20% dump in Bitcoin price. We will try to understand is this is correction or begiining of a huge crash. We can see that yesterday the price formed the symmetric triangle which was broken down. This is a clear bearish sign and we saw the natural dump after that. The price tested twice the R2 level of $37000, second time it was able to break it down too. In a few hours price reached the R1 level of $32900 and bounced off it. Now it is testing this level again. As a result we have 2 possible scenarios. The first one is the R1 level breakout, it means the possible crash to the $25200 of CPR level. The second one is the second bounce off this level. In that case the price should form the double bottom pattern. Only if this pattern would be formed we can speak about bullish pressure dominance and new ATH in the nearest future. Also we should take in account that now price was influenced by 20% correction which is normal during BTC price rally since September. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
2
EDUCATION: Logarithm Growth Curve Hello, dear subscribers! Today we are going to examine very simple and intersting instrument which is applicable for the global price movement analysis. The logarithm growth curve is based on Fibonacchi retracement levels. As it is known the Fib retracement based on swing high and low levels. But in case of growth curve we use the logarithm scale to take in account the periods of the fast growth (to the moon periods). The price usually faces with difficulties to break through the Fibonacci levels. We can notice massive pullbacks near these levels or the price growth in cases of breakouts. Let's consider the current situation on the Bitcoin market. There is a rejection of 50% Fibonacci level. Now we should observe if the price break through this level or the drop began now. If the first scenario occurs we can see a massive growth to 61% or 100% Fibonacci levels. DISCLAMER: Information is provided only for the educational purposes and should not be used to take action in the markets.
BITSTAMP:BTCUSDEducation
by Skyrexio
6
The BTC price move analysisHello, dear subscribers! Today we are going to consider two possible scenarios for the Bitcoin price. We ask you to support us with likes, it's not difficult for you and it will help us a lot. Thank you! As we can notice on the chart the price has a pullback from the $34800 level to $28000. As a result we can define the swing low and high to define the Fibonacci Retracement levels. The price bounced off the zero Fib level and found the resistance at the 61% Fib level. Now there are two possible scenarios for the BTC. Negative scenario The price is almost formed the Head and Shoulders formation. We should be very careful at the $30000 price level. It is important level to form this bearish pattern. In that case the price will go lower than zero Fib level of $28000. Positive scenario If the price find the support at 38% Fib level and bounce off it we can see the growth above the 50% Fib level. If the price find support also at that level and brake through the widening falling wedge the massive growth continuation has a high pribability. DISCLAMER: Information is provided only for the educational purposes and should not be used to take action in the markets.
by Skyrexio
The ETH Price AnalysisHello, dear subscribers! Let's consider the ETH price movement analysis. Today we will talk about two interesting scenarios. The main scenario for the ETH is the bullish one (green line). The price now is in the ascending trend channel and more globally there is an uptrend for ETH too. If the price will break through above the ascending trend channel it reach the R2 level of $680. This R2 level coincides with the 3-year 0.5 Fibonacci level and the global 3-year resistance. As a result we can see the difficulties for the price to break through this level. But if it occurs we can see a massive price growth. We should be very careful for the bearish(white line) scenario. If the price reach the R1 level we can see the price pullback to the target 1 or target 2 areas. But if the price reach the R2 level this negative scenario is canceled. P.S. The price now is trying to brake the ascending trend channel but we should receive the confirmation that it is not fake.
by Skyrexio
2
Will BTC price growth continue?Hello, dear subscribers! Today we receive a new evidences for the future BTC price growth. Let's take a look on the Fibonacci retracement level, which is based on last 5 days price swings. We can notice that the price fluctuates strictly between the R1 and R2 CPR levels. The 61% Fib retracement is very impoptant level because it is a strong support and resistance for this period. White arrows demonstrate the points where the price could not break this level. Yesterday the price broke through this level and it seems that found support here. Now we should wait for the confirmation. If it happens we can see the price growth to the 1.68 Fib level and to the R3 CRP level. Another one significant confirmation of bullish bias that the price returned back to the ascending trend channel. The break down was fake and we did not see the rejection.
Long
by Skyrexio
Will BTC repeat 2019 year scenario?Today we noticed very interesting coincidence about BTC price movement. We have it's behavior near the 2019 HH on the left part of the chart. There was almost the same price pattern: the massive growth, dump to the CRP monthly level, huge pump to the Pivot R1, R2 and R3 levels and after the pullback scenario. It is obviously that now the BTC price is in the bubble and it will burst sooner or later. Here we have a possible interesting idea of new ATH price. It is assumed to be at almost $28000, but we set the last target at $26000 because the price has a great volatility near the HH. But the price should to break up the privot R2 level first to move to R3 level.
Long
by Skyrexio
2
XRP/SPARK AIRDROP MEME CONTESTBINANCE:XRPUSDT Disclaimer: I am not trying to spread FUD :downtrend: for anyone who takes offense :sell: or has the feels :rip: about such a thing (it really gives a new meaning to bull in a china shop, lol). I just like having fun while trading and I like being right ( don't we all? ;) ) Here and above is my new chart adjustment and my own entry into this contest. Please send in yours! I wanna see the best meme charts this group has got. The prize will be :moneybag: 500 USDT :moneybag: worth of XRP! (at time of receipt) Hey everyone :shades: follow me and private message me with a link to your submission. Winner will get some crytpo as a prize. Send me your best meme chart that is the result of Ripple's Flare Network :zap: SPARK :zap: airdrop and the subsequent craziness. I will collect all the charts submitted from now until 22:59 UTC tonight on December 12th. I will add all entries to my next post and then at 00:00 UTC on December 13th I will publish it and open the vote to everyone in TradingView. The meme chart with the most votes wins. To enter: PM me a link like this one to your entry: https://www. tradingview. com/x/D6nHOQ3D/ Your entry must be a snapshot of a meme chart from Trading View. No outside or non-chart memes please. Your entry must an original work done by you. Your entry must include your account name. must be in the bottom right hand corner of the chart -must be large enough to easily identify One entry per person. -anyone caught using more than one account or otherwise cheating will be removed and suffer terrible public humiliation You must like this post and follow my account. -this is so you can kept informed if you won as winner will be announced here -this will also keep you in the loop for any future events I put together To Vote: Instructions will be posted with charts when voting opens. When voting opens I will also link the new post to this one. Winning: Winner is the person who has the chart with the most votes. -I, D34G, will have a chart in the contest but please don't bother voting for me -I won't claim a win in my own contest. Only a jerk pulls that kind of :bull: :poop: Winner will receive approx 500 USDT worth of XRP in a winner takes all. -no, there are no second prizes Winner will be featured here above in a final edit to this post. -they'll also get occasional name drops by me about how hilarious their chart is -they'll also have to acknowledge in a comment on this post that I actually gave them the prize Winner will be given the honor and title of :star: Meme King of the Spark :star: I am giving away crypto out of my own pocket so remember I have final discretion over any issues. Can't wait to see what you got :joy: :joy: :joy: As always, neither I nor anyone represented in this post make any claim, here, to have the ability to render any type of financial advice. This post is only intended as an educational post on the SPARK air drop and how fun charting can be.
COINBASE:XRPUSD
by D34G
6
The BTC price movement possible scenariosHello, dear subscribers! Today we will talk about the possible BTC price movement scenarios. Now it is the key moment of the future BTC price levels definition. First of all, we can see that the price bounced off the global 2-month trend support line. It is a very strong support and breaking it down will mean that we can see a huge price drop. Yesterday the price broke down the level 0 pivot of $18700 after the symmetrical triangle was broken. As a result the dead cat bounce pattern was formed. This pattern can lead to price drop below the level 1 pivot and lower to the red line according to the negative scenario. The main evidence of this scenario activation is the breaking down of the $17650 level. The positive scenario will be activated when the price will grow above the $18700. In this case the dead cat bounce pattern will not be completely formed. To sum up, the main trend is bullish and we predict the price growth continuation regardless the positive or negative scenario. But, please, be very careful about the negative one.
by Skyrexio
What is the FOMO limit?It is very difficult to precisely forecast the BTC potential growth limit, but we will tell our opinion, based on some interesting notification. Let's assume, that the 2017 year scenario will repeat. We had a base level (fundamental price) approximately $3800 for 2017. The huge growth phase lasted almost 70 days. Nowadays, if we look at this pattern, apply to the price chart, we will see the new base level is $10500. The potential target level is $25500. But it can be higher, if we calculate the new bubble highest high according to percent growth. We need to wait the ATH level breakout, to make the new predictions.
by Skyrexio
2
Bitcoin price movement scenarios Hello, dear subscribers! Today is a very important day for the definition of the future Bitcoin price movement. As we can see on the chart, there was an ascending triangle on the global uptrend which was broken up 4 days ago. The price became falling on 13th November and formed the expanding wedge. Now the price is testing the support line and its potential breakdown could mean the downtrend continuation. On the other hand, the bounce off this line means the potential future price growth in case of crossing the wedge resistance line. This pattern analysis is strictly confirmed by the indicators. The ADL line is in the uptrend, while the price is in the downtrend. It means that the trend reverse could be. The stochastic RSI is also confirm the increasing bullish activity: it is in the oversold zone and ready for the reverse. We are waiting for the key moment to define whether the BTC price will go up or down.
by Skyrexio