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Longbtc

Future of Bitcoin (Fractal)Brief explantation of this fractal: Sept 2014 - Nov 2015 was the first BTC broke under the moving average ribbon. This resulted in a 420 day bear market. June 2016 - Aug 2016 - Bitcoin slowly swung out of the bear market and rallied until it met resistance @ $786 which lead to a 40% correction, signaling a short term top *Note: The short term top at $786 took about 210 days to get retested* Dec 2016 - Very shortly after, $786 Bitcoin tested it's previous all time high @ $1183, and continued up. January 2017 - Dec 2017: After BTC broke above previous highs, we spent in 343 days in a bull market rallying over 2500% from $1183 - $19,954. Where we are now: I correlate this recent price movement to the June 2016- August 2016 scenario. So far we have corrected 43% after swinging out of the bear market. What's next: If Bitcoin follows a similar trajectory (and as long as 7.7k isn't breached) I believe it'll take about 200~ days (January 2020) to retest the short term top at $13,900. Breaking up would give us an instant push to 20k and new highs. I believe Bitcoin will reach a generational top at $250,000. From there, a slow bleed and dried up volatility.
BNC:BLXLong
by DIOR88
VOLUME ON THE BEAR SIDEHi guys! As you can see since we broke out from the trinagle on the 26th of May with low volume, we always had a big sell volume followed by a small buy volume. What I am looking for is a big sell volume, bigger than the previous buy volumes. We found resistance at the 0.382 fibb. level, which is a great sign for a continuing correction. If we have a look on the weekly chart, we can find further confirmations of a potential correction. First: Reversed Hammer green candle - LOW VOLUME Second: Followed by a doji candle - LOW VOLUME Third: We are currcently forming our RED reversed hammer - LOW VOLUME Low volume with these candle formations favours for the bears. Of Course, anything can happen, but it highly more likely to break downwards, than upwards. ***It is not a financial advice, it is only my own opinion*** If you liked the analysis please leave a like, if you have any quesionts leave a comment below!
BITSTAMP:BTCUSDShort
by KryptonuQ
BTC PULLBACK TARGETSHi guys! If you read my previous analysis, you know that I preticted that we gonna have a fakeout to 9K than immediately pull back. I do not think it is gonna be a very short-living pullback, I think the 8K will not act as a support. It would be a way too small pullback compared to our parabolic run. The 21 EMA (blue line) should also not hold. What I will be looking at is the 50 MA (purple line) and the 100 MA (green line). If we look at the price of bitcoin in the last parabolic run in 2017 you can see that when we had a move up we pulled back to the 50 or the 100 MA. We can also see that at the start of the parabolic run we pulled back to the 100 MA and than as we got higher and higher the 50 MA was the one that acted as a support. Since we are only at the start of a bull run, I would say that it is more probable that we will see a pullback to the 100 MA. At the time we get there it will be around the 6.4K region what I also mentioned in my previous analysis. ***It is not a financial advice! It is only my opinion and you should always do your own research!*** If you liked the analysis please leave a like, and if you have any questions feel free to leave a comment.
BITSTAMP:BTCUSDShort
by KryptonuQ
Ready For The Next Wave To 10K?Hi guys! As you can see on the 4H chart we are forming this bullish triangle. The volume is decreasing we are making higher lows. The 7500 USD level acted as support, so the next target is the top of the triangle at around 8200 USD. According to VPVP we have a quite strong resistance at 7950-8000 USD which is not surprising, since it is a round number and also a psychologically important level. Both the Stochastic RSI and simple RSI looks healty, so the move upwards could be probable. On the picture below on the daily time frame you can see that 10K is a previous top which should be our next target in case we brake upwards. In case we brake downwarsds I would except move down to 6400 USD which is a 0.382 Fibbo level and VPVR also shows strong support there. ***It is not a financial advice, it is only my personal opinion.*** If you have any questions leave a comment below, and if you found it helpful please leave a like!
COINBASE:BTCUSD
by KryptonuQ