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BTCUSD / H1 : Possible timing for a "Dead Cat Bounce"I post that chart because I know some of you are going crazy about the bitcoin... is it a bubble or not.. Well let's make this straight... if you think this kind of price action isn't typically a bubble.. then you need to review your classics ! Of course this is a bubble ! The only question is when is going to burst.. That's a tricky question.. and trying to short a bubble require quite some experience. Every trade need a technical background to support the scenario (otherwise it's just random betting.. and that's gamble.. not trading). Using my mighty couple of indicators, PRO Sinewave & PRO Momentum , here's what I have : We can clearly highlight 5 sell signal (confirmed by both Sinewave & Momentum). These will obviously act as resistances during the technical bounce that we may see next. AND I SAID "MAY SEE" because so far there's not a single sign of bullish support on Sinewave and neither on Momentum. Finally we can add the "BEAR TREND" confirmation that showed up when things started to get a little nastier ! Which means that until we manage to break a resistance, we're still bearish in terms of probabilities. Anyway I still think that a pullback is highly probable, but I'll use it to find a short entry... From a technical prospective, it's possible to short any of these resistances if a Sinewave + Momentum signal shows up under them. It remains bearish until we remain below the resistance that materialized the bearish trend ignition... and that's at 18400... Which is also 76,4% retracement of the whole bear move.. CONCLUSION : Bulls have now hell of job to do in order to restore the trend that has now switched to neutral (before going bearish if we fail to reverse the H1 current trend) If they fail I think the next bearish trend cycle will be a lot more agressive and will potentially drive a market krash. But that's too early to speculate at this stage. All I can tell is that this thing is no longer bullish right now and after such a rally, searching shorts is certainly the best option now. But still remaining cautious and not shorting nowhere without signals.. Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) You can check my indicators via my TradingView's Profile : @PRO_Indicators
BITSTAMP:BTCUSD
by PRO_Indicators
26
Bitcoin is set to Rocket in the next few monthsMy view of Bitcoin is very bullish and on a medium (next few months) I am BULLISH. For now, i'm out of the market (flat) but looking for a pullback so I can get Long again. The inverted Head & Shoulders can measure the potential length of this current Bull run. Measure distance from neckline to head and project up - but that doesn't mean it will stop there. NOTE: End of Wave 3 has not been confirmed as being finished. It can go higher. See profile NB The wave count is not a showing price projection its just there as a Road Map. Hope that helps Sean Vengan Professional Cryptocurrency Trader and Trading Educator
BITSTAMP:BTCUSD
by UnknownUnicorn1063189
24
Bitcoin could see $1500 againBitcoin has been respecting the same trend line on logarithmic scale ever since the 2013 crash. Since then, there have been plenty of bubbles that start in the bottom half of the trend line and bounce off of the top half of the trend line. The one starting in April is no different. It bounced perfectly off of the top of the logarithmic trend line and is experiencing a bull trap as it has a few times in the past. Assuming this time is no different than any of the past patterns in the last 2-3 years, we should see a correction to the $1400-$1550 range. Happy trading!
BITSTAMP:BTCUSDShort
by i_c_d
21