ranges and projectionI refined the same two (2) graphs and imposed parallel ranges on key levels with arrows indicating rhythmic breakout patterns.
Projection
BTC The newbie study of it's patterns. Will it honor the past?Another newbie's attempt to see patterns on BTC charts.
See, all the yellow lines are the same size - of course the drops are a little different from each other, but ok. Nice uh?
The blue lines also, keeps a kind of same size too.
Then, I traced a projection line (also notice how the "after drop" moves up right to the old supports (now resistences) zones.
Again, it's just to study purposes, only to see if it will do it again, nothing more.
Bitcoin Projections: Things Are Looking Bearish!!!Hello Everyone,
With Consensus 2018 in the works we would have thought to see more bullish momentum in the market but that just doesnt seem to be the case. Yes, we are getting higher highs and lower lows but the sell volume is still very strong and we havent been able to get up and over 9k and establish support, I fear this next attempt will be our last if we cannot make it. Bitcoin is def. taking the stairs on this uptrend. :)
In my chart I've boxed the critical points I'm looking for to either short or go long. Because of the indecision and market sentiment I'm focusing on small swings in this channel as longer trades can easily result in being caught in a red waterfall from bitcoin.
If you have any questions please feel free to leave them in the comments below. You can search me in youtube under crypto hippo or join my discord channel for free daily updates on bitcoin as well as signals, news, education. --- literally everything crypto in one central location. Absolutely Free - bring a friend to gain access to premium channels for free to (147 dollar value)
Happy trading everyone, best of luck!
Bitcoin Projections: How I'm playing this CorrectionHey Traders,
I'm optimistically bullish until we drop under the .618 retracement line. With that being said this chart shows my expected entry and targets for how I plan on playing this bitcoin recovery.
This is a temporary play which is why i have exit targets and I'm not holding til a new high, As more data comes in i'll look at taking a re-entry position and aiming for new highs if that is what the market leads me to believe. stay tuned for that.
You can follow me on several social platforms under crypto hippo or the crypto blend. I create a daily video of bitcoin for those of you who would prefer videos instead of the charts I put on tradingview here.
Thank you all for your support and comments and please follow if you enjoy the simple, yet effective charts I put up.
Bitcoin Projections: The END is NEAR!!!Hey Everyone.
looking at our expected daily update of bitcoin today and we can see the correction is playing out in tune to our previous charts. I highlighted critical points that would determine if the correction would play out deeper or if we were looking at a potential larger elliot wave playing out in the bulls favors.
We saw divergence in the volume vs the climb on the chart that confirmed we'd see an expected drop lower. Sign #1.
We are seeing that same divergence with the attempted retrace right now at 8600 which supports my belief we will drop further shortly out of this bear flag thats forming on the 1 hr chart.
Lastly, our end of Wave C projection is most likely 8100 to be a safe bet, and even 8300 is a safe entry i'll start stacking my longs at. A drop below 7900 should be worrisome and is worth looking at bitcoin agian to check indicators on whether we may be downtrending at that time rather than just experiencing a correction.
Hope this helps> As always, this is not financial advice. :) Take care and best of luck traders.
Look me up on Youtube
Possible count for BTC/USD (Bullish)One of my possible counts for BTC
This is my bullish count where BTC has 3 potential plays:
- If $8818 holds we will see W2 (pink) completed as a deep retracement
- If $8818 doesnt hold we may see a 1:1 Extension from A-B (green) which would turn out to be a double bottom
- If $8818 doesnt hold we may see the price bounce between the $8500 - $8760 region (orange)
Projection roughly: $8500-$8760
Let me know what you think!
Possible count for BTC/USD (Bearish)One of my possible counts for BTC
This is my bearish count where BTC is forming an expanded flat
Projection roughly: $8300-$8550
Let me know what you think!
It looks like bitcoin bear market hasn't endedIf BTC doesn't break above the 200 day SMA it is goin to go much lower in my opinion.
BTC/USD ABC Correction Bottom?There have been many different counts for BTC within the past week or so.
I believe it to be an ABC correction still. Noting back to my previous chart i posted, the length of that ABC after the 5th wave was just too short to be a full correction in my opinion.
Here we are with my full count and final wave of the ABC! I believe that we are on the C wave and the final subwave within it.
Using fibonacci extensions and elliott wave to project my targets i managed to come up with 2 very possible targets.
1st Target: The Double Bottom ($8550-$8650)
- Using fibonacci extensions from A & B to establish certain points of support/resistance i found the 78.6% level to be almost exactly the low of the A wave
- This will provide more support at the $8600 level
- Then taking into account the fibonacci extension from subwaves (1) & (2) in the larger C wave i found that subwave (3) hit a perfect extension into the 161.8% - 178.6% pocket
- Usually in Elliott Wave theory when wave 3 hits 161%, we can use the 261% extension as a valid target for wave 5
- If we target the 261% fibonacci level, that brings us to $8628 ($30 off the previous low)
- This creates more confluence and adds support to this area
- For my 1st target i gave it a $100 range between $8550-$8650
2nd Target: The 1:1 Extension ($8270-$8420)
- In Elliott Wave theory, ABC corrections a general guideline for C wave is a 1:1 extension of A
- Using fibonacci extensions from A & B to establish an area for C wave to hit a 1:1 extension of A is around $8351
- In order to hit this area, $BTC will need to break through the previous supports at the $8600 level
- If we see a break past my target 1 projection range, then we will look for the next valid support level which is the 100% fib level at $8351
- Using fibonacci extension from subwaves (1) & (2) in the larger C wave, i found that the 361% extension level was at $8316 ($35 off the A-B 1:1 extension level)
- This provides more confluence to this area
- If wave 5 goes past the 261% extension, our next valid target would be the 361% area
- With these values and confluence found, my 2nd target has a $150 range between $8270-$8420
Please let me know what your opinion is.
If you have any suggestions or feedback, please leave it down below.
*This isn't financial advise, do your own research*
**Once again this is just a price projection so the targeted dates are not accurate**
Euro - Yen forecastAn interesting chart for the EURO - YEN pair.
The pair is within a symmetrical triangle - the upper side the beginning in 2009, the lower side the beginning in 2012.
In 2014 the price touched the upper side - this was the beginning of the ABC-correction.
In 2016 it tested several times the lower side before climbing up to the peak of wave 1 of the motive waves.
Wave 2 tested the lower side another time in 2017 before climbing to the upper side of the triangle - forming the turning point of wave 3.
Actually we´re in wave 4 - perhaps it´ll continues to lower prices before turning and rising again (area marked with a rectangle).
The next rise will be wave 5 and this wave will lead the price out of the triangle, breaking also resistance at 61.8% (139 Yen to Euro) and leading to a new hight. I´ve marked the target area with a circle.
Indicators:
RSI: in bearish zone and perhaps shortly before crossing the trend to bottom
ADX: neutral
Projection for currencies are more risky than for equities - statisticly 80% are wrong!
Stop :
If the pair is leaving the triangle to the bottom and / or is breaking the support of upgoing fib retracement 38.2% (120JPY).
OMGUSD (OmiseGo) 1hr tf chart patternThe meandering price action of OMGUSD (OmiseGo) based on its 1hr tf is captured in this analysis using an ascending triangle chart pattern. The width of the triangle (vertical black arrow) is ~$9.82 - $7.92 = $1.90.
Possible target area for price after a breakout above the horizontal line of the chart pattern involves vertical projection of width of the triangle (calculated above) onto a breakout above the horizontal line. Doing this, a breakout above the apex of the triangle could see OMGUSD hit $11.72 (Target area).
The alternative chart pattern that is also described by the same price action for OMGUSD would be a complex, inverted Head and shoulder pattern (not shown in this post). For this pattern to be confirmed, price action would have to close above the neckline of the pattern. The neckline in this case is also the same as the horizontal line of the ascending triangle chart pattern.
Bitcoin to drop to $5,980 before rebounding to $8,073I forecast that the price of bitcoin will drop to the previous support level of around $5980 USD, before gradually making its way back up to the resistance line of around $8,073 where the price will then change direction again unless the bulls can break through this line of resistance, in which we could see a return to a bull market.
Like this post if you agree, and follow for more tips like this.
NOT FINANCIAL ADVICE!
Bitcoin (BTC) : Bring Back the BullThis is what I see for BTC..
Not much to say, really..
Just happy the torture is over with..
My PTSD is through the roof.. It's left me with a twitch that I cannot shake..
Doctor says it'll heal..
In time..
Hehe..
Enough of that..
Time to turn profit..
Bitcoin's headed towards $16k..
Hope so, at least.. So far so good..
Best thin about it:
The ALT's can move..
Now's the time to buy..
Have fun..
PM me if you have questions or would like to know which ALT's I think would be most profitable..
So.. Put away the rope and chair..
Happy days are back..
Trade safely..
Whatever that means..
Blue Skies - BTC Long Term Projections w/ Short Term Forecasts I call this Blue Skies.
Long term projection from the 'ground' (Brown) with 'Blue Sky' projection (Blue) to the Moon. With mid support/resistance levels (Green or Gray or Red).
Horizontal Support/Resistance lines are shades of Green, Gray, or Red. Blue is of course, Blue Skies.
Angled dotted or dashed lines are projections.
... Dotted is keyed on short term history levels
- - - Dashed is keyed on long term history levels
I'm still tweaking all of this so I hope I can edit this later to be more descriptive of whats going on. First time publication from a beginner here. I'm just using logic and I've never done anything like this before except for the last couple months. Please 'bear' with me. :)
ZCL - Back in uptrend !ZCL has seem to have bounced from its most recent dip back into the uptrend channel.
If bittrex announce support for the fork we could see a MASSIVE run but as it stand we have no announcement yet. With that being said I feel it will follow an Elliot wave pattern on its current trajectory, until we hear an announcement that is.
ZCL proposal - uptrend ?ZCL has bounced from its decline to back in the uptrend. It should follow this trend in an Elliot wave formation on the way up. We should see larger increases if Bittrex announce support for the fork, which in turn may break the trend line and go on a RUN !! However, for now ZCL seems to be solid and climbing.
BITCOIN - END OF WAVE 1 ( ONLY THE BEGINNING) Whats up Traders,
Ive been calling for a down of bitcoin for a couple of days now and I think we are starting to see it happen. We did break above the longterm downtrend line with low volume and with multiple indicators giving us divergence that led to a down. I believe this is the end of wave one and we should see a continued sell of for the coming days .
My target buy is around 9,200 with heavy support at 8,800 as well as meeting with some longterm MAs there .
This is nowhere close to the end of bitcoin we still have a long ways to go .
Goodluck on your trading!
-Toaby
$WABI +70% gain + HODL3 targets,
1st target : 30% sell
2nd target : 30% sell
3nd target : 20% sell
10% for the moon
Stabilization of the Ichimoku cloud = entry point
Original project and very usefull
ZCL/BTC Follow Up PredictionsAs i have been learning more i went back to look on previous TA's i have done and found a couple areas id like to improve on, i tried to fix any issues i saw in my previous attempts. One being my ZCL/BTC prediction. Although my targets were not too far off i wanted to make it a cleaner chart and do a bit more analysis on previous patterns within the chart and to kind of show my work on how i got to my predictions. Here is what i came up with.
If there is anything you would like to point out that could help me improve my TA id appreciate it.
**Targets only for prices not dates, i am more interested in getting the proper price targets first before i start trying to nail certain dates and what not**
Thanks!
BTC bullish projection cup and handle scenarioIt kinda looks like a cup and handle pattern forming if you manipulate the the chart in just the right ways, who knows... BTC can't go down forever am I right? I threw the fibonacci regression so it would bounce off a support line, that is if it actually does. HODL!
