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Bitcointechnicalanalysis

Near the buy zoneI drew a line in red, it is important because it connects the ending point of wave 1 and wave 3 and respectively there is green line parallel to red line but from ending point of wave 2 These lines are drawn professionally and are not simple channeling lines. So draw it for your self it is going to be a significant line in the future. Back to elliott, i think we are in a complex corrective wave and i should ask, where is the best place for this kind of corrections ? The answer is wave 4 I did a lot of time in chart and i realized that this is most correct way to count. And i think we are not yet completed the 5 wave pattern and we are in wave 4. So i think there is two options now. 1-we are forming a triangle 2-we are forming a complex WXY or WXYXZ But also there is a chance to form more complex forms of correction or starting a new motive wave toward the downside but right now i dont see anything like that so i leave it there for more price action to have, to give a thought Have fun Stay tuned
Long
by farzinsabbagh
BTCUSD Sloping channel serving as tentative upward resistance!Yesterday we broke down past 11500 in a tight hourly channel we, then move gradually on the 5 minute trend and have steadily embraced the 11500 sloping parallel channel, a break up could see us re-enter this channel towards 12000. Expect a lot of up and down movement in the next few hours and a lot of bot action. Best consider DCA for entry and exiting strategically for small scaling profits. As always, trade safely, Happy Trading. I will be attaching only my last 3 posts as related links as time goes, you welcome to dig deeper on my files for the step by step analysis that got us this far.
COINBASE:BTCUSDLong
by ChartPicasso888
2
BTCUSD 4-12 hours away from major break! 14k re-test looming!WE have since broke the 12400 barrier and now dancing well below 12800 once that shatters we have a frictionless path towards 14k, expect massive sell off and triggers at that region. This region also presents a major question. Do you sell for profits or HODL to the moon, if you have the guts to strap in we might be well posed to moon past 14k. As always bring your best trading tools into the battlefield its about to get messy. Happy trading.
COINBASE:BTCUSDLong
by ChartPicasso888
Bitcoin testing $3500 , Bullish or Bearin long term trend line it is getting support around $3500 - $3600 , It tested it 3 times in last one month, Tried to break but bounced back if it holds here then we can see quick bounce back if not then we can se downfall to $100 to $200 more from here & we can see it to $3400 - $3200 Again $3750, it is facing resistance in long term trend line , tried to break but couldn't able to sustain thr for long term and felt, Now its like a Ping Pong game or a kind of spring, getting more and more squeezed to the end. $4000 is a resistance in short trend line and whenever it go thr then get rejected. So need to watch this also and trade, If it breakout after $4k then $4400 - $4850 will be the next resistance It just broke short trend line and felt from there which is not good sign but if compare to the long trend line BTC getting support which is quite bullish.
BITFINEX:BTCUSD
by bitcoinexpertindia
1
BITCOINUSD Something big is going to happen after a long timeHello Guys ! This is BTCUSD 1 Day Chart , from Feb 2018 to today from where Bitcoin made a falling wedge by continuously making lower high and 2 times lower low. Every time when Bitcoin made a correction it did a FIB level 61.80% reversal, three times but Bitcoin didn't make any lower low this time like it did previously, Now the end of the wedge and the descending triangle is approaching and we have 2 resistance level 1st one is $6600 and 2nd one is strongest one $6800 and the main upper trendline and we have 2 main support level 1st one is $6000 and the 2nd one is $5800. Now, possible movement of bitcoin is Bitcoin can test the 61.80% Fib level $6800 and make a lower high and a correction like it previously did. (If $6600 break most likely will go to $6800) Points to keep in mind : 1. If bitcoin break the upper trendline we can see a massive rally up to $9400-$10200 but not a bull run, its not necessary than every year a bull run will come, if someone is predicting and telling bitcoin will go to $20000, $50XXX & XXXXXX by the end of the year without any reason or whatever at this time its just nonsense. 2. If Bitcoin break the $6100 & $6000 it will test the 2nd support 5800$, if it also break the $5800 then we can see capitulation and unseen market volatility and all the retail investor and trader who came in late 2016 and beginning of 2017 will be out of the market. This time is for only Whales and institutional investor they will fully control the market. 3. 5800$ is the Moving Average(MA) support in the monthly candle of bitcoin. 4. if $5800 break we can see Bitcoin between $3600-$4200. 5. We will get an idea before 2nd week of Octuber 2018 which level the market will go .. So, be very careful at this time. Hope you guys understood the analysis. Please support by hitting the like button and follow us. -Thank You
BITFINEX:BTCUSD
by UnknownUnicorn3470358
6