October 1, 2017 at 1:20 pm #616
This is the thread for forecasts on the Bitcoin markets for the month of October.
December 26, 2018 at 5:37 pm - Views: 343 #18626
And what would you like, you would know in advance would be rich and happy;)
December 26, 2018 at 5:35 pm - Views: 350 #18624
- This reply was modified 4 months, 4 weeks ago by helkvist.
I look what happened then and now and in shock;)
November 1, 2017 at 3:51 am - Views: 8148 #822
- This reply was modified 4 months, 4 weeks ago by chashka.
Btc has closed above the trend line, we need to watch the chart pattern and see what the price action does at these levels. This is extremely bullish! My 1st target will be 8000- 8200 then we will see if we get to $9800-$10 000.
Support zones: 6330( the blue channel) and +-5720
Let’s stay long until proven wrong, remember to always look at price action. This can be a false break, we do not know if btc will go to our targets. I will trade what the charts tell me to do and at the moment it says we will go up!October 31, 2017 at 5:57 am - Views: 8197 #814October 30, 2017 at 3:38 am - Views: 8282 #812
When btc broke the 2nd trend line at 5900 it moved very quickly to 6297. It tested the big blue channel almost perfectly. Btc moved back quickly from the resistance at the top of the channel.
Remember to always stay long until proven wrong! Btc is still bullish, short term trades you could have taken profit at 6300 and make a few dollars. We still do not know if this is the high of btc, for btc to start the bear trend it needs to break the down trend line at +-5700 this level moves up as we are trading everyday! it is normal for any market to go up, come down and then to move up even further. There is a lot of sellers at the top of the blue channel every time we get there. Btc needs very good news to get through that channel. I am not saying that it will happen, but if that happens we can see FOMO taking this market to our possible target of $9800-$10 000.
The short term charts is showing us divergence again, but the day chart which is much stronger than the shorter term charts did not confirm this. I will look for short term trades at the top of the channel with very very small stop losses and buys at my support lines, remember the trend is your friend and we are still in a bull trend!
Support : 6064, 5920 and 5670-5700.
Resistance: 6184 and the top of the channel at 6280!October 29, 2017 at 8:39 am - Views: 8570 #811
A quick Sunday morning update on the Bitcoin USD market.
Bitcoin found short term support around 5600 and 5700 and has pushed the price to 5830, where it seems like the sellers might be starting to step in.
The purple line indicates the top of the possible H&S pattern on the 1day charts and this price level has seen a lot of action in the last few weeks. A new all time high will only get set if we break through to 5800 – 5900 with volume.
For all the bears out there, we are looking towards 5700 – 5600, but the real deal is if we break below 5400.
At the moment a break to the upside could very well be likely with Segwit2x around the corner. Lets keep a close eye on the markets and see what develops.
Safe trades!October 28, 2017 at 3:44 am - Views: 8605 #808
Btc is still trading up and down between 5520- 5700 and 6000. The break out trades will be at : 6010 or +-5520. This will show us where btc is going.
If you want to trade short term, short at 5960 against the upper trend line or buy at 5520 on the lower trend line. Please use small stops. If you like more risk you can short btc when the trend line breaks at 5760 with a target of 5520-5540. I will be staying long until the trend line breaks to the downside at 5520.
October 27, 2017 at 6:27 am - Views: 8749 #805
- This reply was modified 1 year, 6 months ago by AndreSnyman.
Btc is building up pressure. There is 2 possible outcomes for btc at these prices.
Technically speaking we came to test the breakout to the downside at 5998 with divergence. The Rsi is showing this at the top. In order for this to be valid btc must break the trend line at +-5480. the trend line is at an angle and changing as we are moving forward in time.
The other side of the coin is that btc bounced from the trend line with a nice bullish candle. this means the bull market is still in play.
We need to be ready to move in both directions when something happens. My advice will be to stay long above the trend line with possible targets of 9800. But if it breaks get out of btc. You can even short the market with a target of 4980 then even 4200!
We need to be able to adapt our game plan when the charts show us different patterns. I am a long term bull on btc, but if the charts show us we can come down we need to act upon it!October 26, 2017 at 12:30 pm - Views: 8812 #804
The entire market including myself thought that the alt coins market is going to jump much more than after the fork. The moment the fork happened all the alts jumped +-25%, some much more! I believed they would keep on going up. At this moment they do not know what they want.
Back to btc: If we look at the day chart it shows the picture much better. Until the trend line at 5495 breaks we are looking to trade a bull market. The chart shows divergence at 6000, but it needs to be confirmed by the breaking of the trend line! On the hour chart of this morning btc just broke the trend line!October 26, 2017 at 3:20 am - Views: 8800 #796
The market bounced 25$ from the trend line at 5365. yesterday was a quiet day in the markets.
Resistance 5820 and Support at 5410.October 25, 2017 at 3:05 am - Views: 8937 #795
This is the day chart, our prediction on btc was spot on! Look at how btc is moving in this blue channel. I have included 3 trend lines on btc, Look how volatile btc moved after they broke, the first was broken in September down at +-4400, btc dropped to $3000 in a few days, then it was broken on 24 September to the upside, btc moved from $3900 to $6189.
We are on the next trend line at 5350. We need to look at market action at these levels. I think btc can bounce from it but if btc breaks this trend line the next proper support is at 4870-4980.
The worrying sign is that every time those trend lines broke btc came down to test the lower part of the channel. This will be at +-4130, but first btc must break the rend line.
Very very important level: 5360. (This is a coinbase chart)October 24, 2017 at 6:28 am - Views: 9717 #782
The channel on the daily chart has not broken, btc has given us bearish signals on this chart. Have a look at the hour chart. The day chart is bearish currently with a target of 4980. The big question is where will the money flow go to after the fork! Technically we need to look at the hour chart for a better picture,
The hour chart is showing the picture better at the moment. Resistance is at 5950, I do not think btc will get there…. but let’s wait for the charts to show us. I have seen that what you think does not have any effect on the markets….lol. If 5600 breaks expect btc to test the lower trend line on the chart at +-5390. This will also be the actual trend line to break for the bear to continue. I have moved a lot of btc to alt coins today.
Very important levels is : 5960 and 5600. Between these levels I am neutral to bearish and will be watching these levels! Let the chart show us the direction. Expect btc to be volatile today.October 24, 2017 at 4:07 am - Views: 8736 #776
BTG Fork has happened, I am buying alt coins! Qtum, Neo, LTc, Doge, SteemOctober 23, 2017 at 8:41 am - Views: 9658 #769
Btc is breaking support, there is a lot of uncertainty about btc gold. Technically btc showed the pullback at the top with the divergence. The trend line support at 5880 broke next support at 5720!
I am holding my bitcoin for bitcoin gold!October 23, 2017 at 8:39 am - Views: 9686 #768
Good morning, here is my purely technical short term view on the Bitcoin USdollar market.
There is a lot of bullish news for Bitcoin as well as bearish, long term we all know that the prices should continue going up through our lifetime. With all that said here is my short term view.
After hitting a new ATH at $6140 (Bitstamp) the market started correcting itself with a sharp drop down to about $5600 where the market responded and pushed the prices back up to the $5900 mark.
We have a few conflicting chart patterns which seems to be the norm these days on BTCUSD. I drew in the inverted cup and handle and then the fan shows us breaking out of the short term channels.
Look towards 6100 -6200 to signal the breakout to what would be a new ATH. I have alerts set up for $6100, $6140 and $6200. When these prices get hit there is a strong possibility for a breakout trade long.
On the flip side if the RSI does not gain some strength $5600 – $5800 should get tested once again. If there is a lot of selling volume present I would consider jumping into a quick short.
Be sure to ask us if you have any questions about this analysis. Safe trades.
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