As I predicted (Chart Aug 23), there will be movements during the new release of Bitcoin Core Version 0.15.0. Currently we see a healthy correction with a fast recovery. Bitcoin Core Version 0.15.0 was successfully introduced on September 14. Thus, significant innovations and improvements for the Bitcoin are now possible. A further increase can be expected. According to normal market laws the market now has to calm down. A further correction and cooling down at around 3,500 USD is possible in the next days. A further faster increase is also possible due to the new BTC Core Version. Basically, the target is still around USD 7000/6500 until the end of the year. The next few days are important. A further correction could also go below 3.000 USD, if the new version of BTC is not as good as mentioned.
we recognize at the 8h timeframe we have reached the restitance. at the 1d timeframe we broke through the resistance. 1d is usually stronger than 8 h. Nevertheless, a correction to around 3500 is to be expected. than it could go up.
1D Timeframe
8h Timeframe
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we passed the 8h resistance. 1d resistance ahead. trendline in sight.
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another trendline also possible (dashed one) imo
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BTC has exactly stopped at the resistance line and follows the black trend line. Now we see a normal correction. According to the technical analysis, this goes down to max. 3500. We will see if we really have a trend reversal now.
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Chart update (BTCUSD 8h): We are now above the middle line of the bollinger band. I still see two possible trend lines.
By the way:
Some people believe that Bitcoin will make another strong correction. I don't expect that (read above). They assume that bitcoin is ready-made and it can be traded normally, like classic currencies. But I don't think that's the way it is. Bitcoin is still in a beta phase. Basically technical chart anaylse works with cryptos, but with technical innovations (core 0.15.0 is not a rumor, but a fact) the trading strategy has to be adapted. IMHO.
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BTCUSD 8h update: BTC has stopped exactly on the trendline. let's see if it continues positively today. it's important that he breaks the resistance back up to 3800.
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so, the support at 3500 was strong enough. the next two days will be determined. if the btc will break the resistance line, it goes up along the trendline. let's see.
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BTCUSD (1h): important day today. let's see if the support is strong enough. current update ...
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current situation at btc (4h): on the way up through the little decision triangle. the next hours ar important for the general direction and to confirm the situation.
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It's going to be exciting. The 3,800 have been broken (decision triangle). It is important that they are confirmed for a while. The resistance line becomes now supportline (3,800). Should the first test go down to the "new" support line, the upward trend could be confirmed. I'll keep you informed ...
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BTCUSD (8h) Update ... Currently, the price seems to be stabilizing. Here an idea about a possible short-term movement (dotted line). the situation is still fragile.
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BTCUSD (4h) Update. Short term dotted line works. Resistance (4100) touched. Support 3900 confirmed. More up possible.
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Next resistance line broken. a clear signal.
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update. next possible wave ... (dotted line)
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btcusd (8h) here is a brief update of the possible short-term trend line.
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here we are. resestance broke. next resistance at 4.400. the general trend line works perfect. let's see the next steps.
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A relaxed correction down to about 4.000 should be expected or btc goes sideways. Look at the short-term trend lines (dashed and dotted).
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The next resistance (3380/4400) was broken. This results in two possible further trend lines. Either the 4400 will be tested again before it goes up again. Or the path maybe leads directly to the area around ATH.
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now we could see the expected correction. support at 4200,4000 or 3800. in my eyes a normal step on the way up. at best, we only see a sideways movement. the other cryptos will fall a little too. two new short term trendlines:
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current update (8h): we could see an interesting development. two short term trend channels could crystallize out. channel 1 (dashed) slightly steeper. channel 2 (dotted) slightly flatter. otherwise the well known support lines. should there be a correction in the next time, we could assume a stronger support at about 4000.
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the next minor resistance is broken. let's see if 4500 could be passed.
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btcusd (8h) update: 4600 broke. btc still on track. confirmation next step. then further up possible.
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btcusd (8h) update: after a little correction and a retest of 4500 we might be able to see the next ATH this week.
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btcusd (8h) update: maybe a possible trend path for the next few days.
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currently we may see the last fight to reach 5000. accordingly, we might expect a sideways movement within the trend channel. should the BTC break the 5000 mark, there could be another strong rise straight up to around 6000.
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BTCUSD (8h) update: nothing more to say as BTC right on track ...
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BTCUSD (8h) update: BTC nails the trendline. Next resistance at 5300.
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BTCUSD (8h) update: We've past 5300. Now be watchful. A small correction could come and thus create a new opportunity. Let's see ...
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BTCUSD (8h) update: Next resistance 5400 shortly broken. A cooling down would be good before maybe the next step starts.
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btcusd (8h) update: the market is currently very strong. the question is, when will a short-term correction come and how strong will it be? here is a first cautious forecast. I will adjust the chart as soon as more clarity is back for me.
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btcusd (8h) update: as I predicted in the last comment, the market is slowing down. today is a little day of decision. according to the trendline, maybe we should see a correction. this would open up new interesting opportunities for entry. If the current resistance would be broken upwards, an upward trend of over 6000 could be expected. Let's have a look.
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btcusd (4h) update: decision point is reached. if we use a short term fibo, it may go down to 0.5 (5100).
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btcusd (8h) update: btc touched 5100 (fibo 0.5). prediction from yesterday was correct. little correction could be over. lets see the next steps.
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btcusd (1d) update: the development looks quite good. maybe we'll get there a little faster. let's see.
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btcusd (1d) update: nothing more to say as ... :-)
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btcusd (8h) update: btc is unstoppable. it runs right along the trendline. if there will be another small correction is still open, but the way up could also run directly.
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btcusd (1d) update:be watchful. the fifth wave could be over between 6300 and 6800, if we are not in a bubble. at the moment i can not see a characteristic of a bubble. just for info: I trade only the big waves, started near the bottom (IV) and now I am satisfied with my profit. so I sold all my btc today. my focus is now on ripple. nevertheless I will update this chart in the future. Let's see how the curve really ends.
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btcusd (8h) update: btc could not break short-term resistance.
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btcusd (1h) update: double top? if yes, more down expected.
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btcusd (1) update: no double top on 1h ... forget the last post.
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btcusd (4h) update: no matter if double top or not - it goes further down. target around 5100. maybe interesting for re-entry.
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btcusd (8h) update: more down possible. maybe a light support line could appear, then short term up.
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hardfork gold was a little earlier, as announced. there was no push. the downward trend could continues. we could see a stop at 5100/5200. perhaps we are starting to see a slight upward movement today.
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New chart in addition - Bitcoin Forecast 2018. Down, then 9000 USD possible. BTCUSD 3d.
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btcusd (8h) update: maybe a head and shoulders pattern ... be watchful.
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btcusd (8h) update: do we see the resistance line breaking at 5850 today? then a further up to 7000 is quite possible. If the resistance line does not break today/tomorrow, a down to 5200 could be expected.
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btcusd (8h) update: resistance line 5850 broke as expected. 6000 and more possible.
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btcusd (1h) update: be watchful. 6000 is a strong resistance. let's see.
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btcusd (8h) update: everything is possible. we'll see. :-)
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btcusd current comment: in this chart from september 16th I included a bubble in the last waves (7000). I always hoped it wouldn't come to a bubble. because this could hurt the reputation of bitcoin and lead to a crash. which is why I sold at 6300. currently we are not in a bubble yet, but we could get into one. let's see where it takes us.
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btcusd (1h) update: maybe last short term step (3. step) ahead.
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btcusd (8h) chart update: Bears flag could show up. Retracement down to Fibo 38 (~5000) is possible. the resistance line is not broken yesterday. in principle, this is not a bad thing. we haven't run into a bubble yet. Let's see what happens today. if it is a bear flag and we see another "flag wave", a correction down to 5700 could be (dashed line).
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BTCUSD (1d) update: Precision landing. It's really amazing, BTC has reached the Fibo area I have predicted at Sep 16, exactly on the way and in time. My analysis started at 3600 usd. The Fibo Area is between 6300 and 6800. This makes 7000 or just slightly less than 7000 possible. As you know, I got out at 6160 (21 oct) because I trade "stress-free" and the big waves. I am very happy when my analysis has helped that many of you have made such a good profit as I have. I wish you all the best for the last few meters to get out in time to take as much profit as possible. Be watchful and carful! We are on the way to the top and there can be a quick change at any time. Although there's good news going around right now. Happy trading. :-) I will keep you informed.
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BTCUSD (1 WEEK!!!) update: We've entered the bubble area. Anything is possible. More profit could still be possible. But be watchful.
Just one more thought: CME Bitcoin futures want to announce a success at the end of 2018. They don't buy expensive but cheap. Don't overestimate this news.
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BTCUSD (1d) update: end of wave 3? are those the last three steps up to the summit? maybe.
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BTCUSD (1d) update: exactly on the dot, we have reached fibo 1.6. should the btc go up even further, this would be a mega bubble. so, be careful.
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BTCUSD (1h) update: see where the price is tomorrow. Now the nervous phase begins.
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btcusd (1d) chart update: there could have been a new trend channel up to nearly 9000. is to be considered with caution and it is still very raw. I will continue to follow the idea and keep you informed. lets see. but be careful. it is still unsure.
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btcusd (4h) update: first picture of my possible new chart. if we saw today the top, this could be a cautious forecast. is still raw and unsure. 2x makes the market react very sensible. the leaf can still turn at any time and the bubble could get bigger.
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btcusd (1h) update chart: maybe a head and shoulders pattern. pattern is still unsure, but be watchful.
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btcusd (4h) update chart: if btc break resistance at 7400 more is possible. dynamic period. lets see. :-)
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btcusd (1h) update: maybe double top? we will see.
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link just for info - for all those who don't know what to do with their BTC profits. ;-)
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btcusd (4h): at the moment I am cautious with short-term forecasts. here's another try. maybe possible.
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btcinvests is my new name ... Nothing else changes. Make good trades, money is secondary. Be satisfied and happy. :-)
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btcusd (8h) chart update: nice and slowly a trend begins to crystallize. let's see where it takes us. I'm still not sure if I should publish a general new chart. An upward trend before the segwit2x is still possible. therefore make "only" an update.
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btcusd (4h) update chart: situation could be more clear. the trend line seems to work.
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btcusd (8h) update: current chart and links to more infos about the segwit2x
BTCUSD (1h) update: this could be the trend channel.
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btcusd (1h) update: restistance broke. my current view of the situation.
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just for info... after segwit2x canceling i am still working on an new chart.
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just for info: don't forget this chart ... the future is now. :-)
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To be, or not to be, that is the question... Segwit2x? 15.11.? Fake? Truth? Who knows. Confusing: bitcoin2x.org/en/
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btcusd (8h) update: In the last few hours we have reached Fibo 0.62 at 5150 USD. Meanwhile we are already back at 6450 and the next time until the possible upcoming SegWit2x will be turbulent. BCH is currently losing heavily. It can be considered a return transfer to BTC.
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btcusd (4h) short update: could be a bear flag.
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btcusd (8h) chart update: possible strong resistance at 7250.
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btcusd (8h) chart update: 8000 ahead. maybe great resistance.
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btcusd (8h) chart update: possible development in the next days, if it comes to a down. all support lines are marked.
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btcusd (8h) chart update: do we see a „correction sunday“? i’d say yes. the macd has already turned. if not, it could be expected that the 8000 will be tested again.
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btcusd (1d) chart update: strong resistance near 8000 and decreasing volume. 20D-MA: ~7.000, 50D-MA: ~6.000, 100D-MA: ~5.000! Be watchful ...
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btcusd (8h) chart update: short info and chart ... the power of btc. 8000 broken. next resistance 8300.
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btcusd (1d) chart update: two possible scenarios: crazy but possible - target near 9000 then down. or: after 8200/8300 the correction. in the chart I have drawn the trendlines. lets see.
@baldyman, probabaly. But i thought that would have been the case at the previous ATH. For all we know the bubble basis has only just formed and we'll look back on 7000 with longing.
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When will you enter? I think a retrace to 5900 might happen before the fork and then reaching 8000 usd just before the fork 16 November. I sold now 50 % at 6940 USD.
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@Miru84, cool. congratulations. that might be a good idea. I'm still watching. my re-enter depends on the form and speed of correction.
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@Miru84, I think so. I sold my 50 % at 7060 usd. The question is whether a significant correction will occur before the fork and where will it ground - may be about 6000-6400 area. So the idea is to re-enter before the fork.
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@dragon58, i wrote it above. Yeah, watch. the situation is currently unpredictable. lets see. currently I am very cautious.
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@btcinvest.de, I appreciate your comments, thanks!
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CME Group formally announces BTC #BITCOIN futures contract Q4 '17. A centralized pricing will attract institutions. This is EXCELLENT news
SMA 25 Daily is 5878
SMA 100 Daily is 4429
SMA 25 Weekly is 3703
SMA 100 Weekly is 1457 !!!
RSI (14):
Daily: 80
Weekly: 80
Monthly: 91
Quarterly: 96 !!!
This will be louder than BIG BANG!!!