Thread: Bitcoin technical analysis

BTC remains in the forests.
Unless trading short lived, it is still deep in correction.
The only significant setup for a medium-term advance is from 5480 towards 10700s.

Originally Posted by ;

Hi guys! What do you consider my 2 scenarios thought for Bitcoin? 1- If it breaks down the line, maybe goes for breaking up the top to an ABC pattern (I'm expecting this) 2 - Breaks the low first, up move and shouldn't split the top picture

Appears the scenario one is at the drama, I'm waiting for a long confirmation flag to discover a BUY installment

Originally Posted by ;

quote Update BITCOIN , 95% gain rate for guaranteed profit : LONG @ 11560 STOPLOSS @ 6620 Risk : 2-4 percent (or higher if you're greedy) Trade available ONLY if Bitcoin transaction higher and activate the long trade. Enjoy! picture

Update :

The setup remains valid provided that price is above $5660, stalking our prey...

Tim Draper with a new price target for Bitcoin till 2022:

https://www.marketwatch.com/story/bi...per-2018-04-13



Edit:
Two interviews with Tim:

Originally Posted by ;

quote In upgrade to my prior article ***BREAKOUT*** picture

-Short term overbought condition P/O divergence
-market near previous pivot (4)

IT IS WISE TO TAKE PROFIT ON HALF LONG POSITION

Originally Posted by ;

quote Appears the scenario is in the drama, I'm waiting for a very long confirmation flag to discover a BUY setup picture

Aggresive entry will be @ $ 9200 in the event the price falls over.

Originally Posted by ;

Bitcoin was assumed to die annually for the last ten decades. However, the article makes some great points about what it will take for cryptos to be functional as a currency instead of simply a volatile, insecure gimmick (for lack of a better word).

Fully support your purpose and may see, that it's how it is going to be. Some time ago I offered bitcoins( not too far, though) and I don't regret it since I did that on time.

Originally Posted by ;

quote Aggresive entrance could be @ $ 9200 in the event the price fall over. picture

Thank you for the analysis. It is currently paying out to me

And now what it's a departure cross or golden cross?

I am a newbie...

Happy trading.

Thanks for tutorial, I need implement this