Bitcoin technical analysis

Hello traders,

...Those anybody here know James Altucher ? is he any good? thanks in advance...

...and do we know anything about this?

https://www.haaretz.com/israel-news/...ency-1.5450048

The latest video update from redtheticker to Bitcoin

Sixer

...Very good video Sixer....thanks...

Bitcoin update from CC (spiralcalendar).

Sixer

Bitcoin with S-K-S pattern.

Sixer

Big move the past 2 days. This pump different for me because it started on a Monday. In the course of this '18 trading range, the pumps have always been on Thursdays and Fridays, right before the weekend.

Can Bitcoin sustain its rally?

Bitcoin and other cryptocurrencies such as Ethereum and Ripple have risen sharply over the past few days, most notably on Monday and Tuesday. It doesn’t feel like it but Bitcoin has risen nearly 30% from its lowest point in June. Sentiment has been boosted by a number of positive developments including news that BlackRock, the world’s biggest asset management company, is looking to invest in the digital currency. Of course, this is not the first time we have seen such a big rise only for the downward trend to then resume. But could it be different this time? The short answer is that it is far too early to say. Only when Bitcoin makes a distinct higher high can we then talk about a longer-term low.

Still, as a result of the rally, Bitcoin has broken a few levels of resistance which may be an indication that the bulls are regaining some control, at least in the short-term anyway. It is worth pointing out that they also successfully managed to defend the long-term support at 6000 after the bears tried and failed to push it below that barrier on several occasions. Thus, if BTC/USD were to make a higher high now then things could get really interesting. The most recent swing high is still miles away around $9950, which means the bulls have some work to do.

Indeed, there are several resistances that need to be tackled first, starting at $7500 which was being tested at the time of this writing. This level had been support and resistance in the past, so a bit of hesitation to go above it makes perfect sense. An additional level of resistance comes in at around $7800 where an untested broken support meets the top of a triangle pattern.

Meanwhile support comes in at $6800, which is the most recent broken resistance level. Here, we also have the 50-day moving average come into play. Thus, should Bitcoin pulls back to $6800, it is very important that the bulls defend their ground here, otherwise the bearish trend could resume.


Source: TradingView and FOREX.com

fake rally, I preparing price to go maybe to 4000, to end the bubble picture bursting

What do you think about this picture? )

Bitcoin Update after hitting 2 months high:

https://www.zerohedge.com/news/2018-...-2-month-highs

Sixer

Bitcoin extends rebound
by Fawad Razaqzada

Bitcoin has risen further higher today, climbing for a time above $8350 – its best level since May 21. As a result of the rally, BTC/USD has broken even more short-term resistance levels. This is an indication that the bulls are regaining control, at least in the short term. But whether or not we will see any 2007-style moves remains to be seen. However, the good news is that the technical picture is looking increasingly less bearish which could help to boost confidence of the would-be buyers, bringing in more buying pressure in the days to come.

Among the bullish technical indications that can be easily observed on the chart of BTC/USD are:

1. Break above two short-term bearish trend lines
2. Price being above the 50-day moving average
3. Short-term resistance areas at $6800 and in the $7500-$7800 range have been broken
4. Long-term support at $6000 held after several tests

Given the above points, if BTC/USD were to make a higher high now then things could get really interesting. The most recent swing high is still miles away around $9950, which means the bulls have some work to do. Still, with key resistances broken at around the $7500-$7800 range and also at $6800, there are now at least a couple of big levels that could support prices on any short-term pullback. But should Bitcoin falls back below $6800, then the bullish bias would end and we could see a subsequent breakdown below that long-term support at $6000.

Source: TradingView and FOREX.com

Let's raise glasses to Bitcoin etc.
And to one funny clown , we all have seen and laughed at...
RONDA!!!!

All it needs is PATIENCE!!

My target is $25000 then 50k, 90k for part profit

I see your vision.

I don't think the rally in bitcoin is sustainable. It will hover below 10k for a long time until there is some more demand for it. Everything is just not right for btc right now.

Solid first post
Look like Ronda is the starting point to the raise, everytime she comes here to brag, she disappears shortly after, maybe a puppet for buying cheaper.

The actual Elliott outlook from EWF for Bitcoin using 60 min data.

Sixer

Ronda buying!!???
Nahhh, she doesn't have money to buy new knickers, she still wearing the ones from 2016 when she shorted bitcoin at $3000 and been crying since

Yes.
10k is a big strech yet...

8800 resistance.
Short if you like risk....I'll try a bit.

My chart. Final shoulder needed..... buy $6800 area.

So many "market timers" around, but no one actually considers time when placing their trades..

zusch,

pls. provide a "Time" projection for the next important High.

Sixer