Bearishmarket
BTCUSD H&S was finished on a larger timeframe scaleAlthough we expected finishing of patter in the Short term at the 1-hour timeframe scale, it took much longer to complete it. At the 3 days time frame we see a clear H&S is formed. This is the update to the previous trading idea. The price dramatically went down to the mentioned level.
To drastically change the direction of movement, bears was need to push the price below the level of $6 895 and this have happened
Today in the social media appeared post of Ripple CEO Brad Garlinghouse. He claims that he believes that Fiat in the short term will still be relevant. He considers "senseless" a probable replacement of the usual money with crypto-currencies. This also adds negative background to the situation
In the short term we expect u subsequent drop to the $6 100 area. Then there is a great probability of going breaking through the support line and consolidating around $5 745 where there can be a rebound and new uptrend will start
Traditionally Bitcoin price drop pulled down the vast majority of alt coins. At the CoinMarketCap we can see red market for all alts except for USDT
Stay tuned!
Sincerely,
SkyRock Signals Team
[BTC-USD] DN 14.8%--3/14/18--REBOUND ANALYSIS-INTRADAY (3) DAY!Bitcoin took a short dive, but it should go back up in a few days. This video shows the awesomeness of the zig zag indicator which I use in conjunction with the pivot hl indicator , which are awesome for swing or day traders like myself. It shows the price action probability for the following past days and next day projection. Its really awesome and I like it very much. You don't have to draw trend lines at all. It does it for you on any chart by itself. Really a time saver, and does some quick think for you so you can concentrate on finding the right cryptos to chase after.
PS. I am not a long term investor. Especially in this bearish market. I scalp the market and take advantage of small 2-15% corrections as you can see from my video. You have to change your strategy when your in a bearish market. Long term investing right now in crypto will sink you in my opinion! But thats just my subjective opinion. I know there are a lot of investors and holdlers out there and thats fine. The market needs everyone and all types of traders, and investors alike to make it functional with volume and liquidity!
If you enjoyed this video give a like and follow my videos, so you can see what coins i trade and how i make profit!
Thanks,
CrytpoBuzzAnalyst
[BTC-USD] 1 MIN CHART- HOW TO EXECUTE A 2.17% PROFITABLE TRADE!This video is on a 1 min chart showing how I made a profitable 2.17% trade on BTC, considering it is very bearish and very volatile at this exact moment on March 11-2018 (Sunday before 2 am this morning !) Scalp trading in bearish short or long trends even on 1 min chart is risky as hell and not even profitable as you can see on this video! I believe the price in the next 24 hrs may go below 8600 between the ranges of 8000-7500. Be safe and careful with your trading. Stay sharp!
If you enjoyed this quick video give me a like! If you wanna to know more of what im doing , follow me and I'll be happy to share some of my trades with you guys.
Thanks,
CryptoBuzzAnalyst
PS. This is not financial advice, you must perform your own TA and use the proper indicators and candle sticks for short term scalping, intraday trading.
[BTC-USD] RED ALERT! INVERSE CUP N HANDLE- DEFCON 5!I'm out of the market into the safety of fiat USD for now. This is very much a dynamic market and things are changing so dam fast on the charts, I couldn't even keep up with the 1,5 and 15 minute charts early this morning as I prepared this video. Personally for me, I think its too dangerous to play right now and I am now simply observing this ball game from the bench!
The BTC market is extremely volatile as many of you already know that! What makes me uncomfortable right now is the manipulation of wales pumping and dumping the price of BTC attempting to short the market. Also it was brought to my attention by a new friend on trading view that the exchanges could be dumping BTC, therefore manipulating the price of BTC being one of many variables that is causing the massive sell offs of BTC. Since most of us don't really know the real why 's , all we can truly rely on, are the charts. In conclusion, right at this very moment, the charts signal DEFCON 5 red alert! (Extreme Volatility)
Overall, I observed an inverse /reverse cup and handle which typically indicates a bearish signal and that a bearish trend will continue with the bearish price action of BTC. Extreme caution is advised right now! I am still investigating and undergoing more analysis that will allow me to define a perfect entry point at the absolute rock bottom. If I succeed, then I might end up in a short vacation in a few months in Costa Rica sipping a pina colada. If im wrong than I will be sipping a regular Starbucks coffee at my local coffee shop.
If you enjoyed this video give me a like! Peace out!
CryptoBuzzAnalyst
PS: Disclosure, this TA is not financial advice. This is for educational purpose. You should perform your own individual TA and arrive to your own specific conclusions!
EURO In Bearish Trend After establishing a new high in February, we can also see that price decided to form a double top on a Daily time frame. Soon after price decided to break several structure lows finding its support @ 1.218 at previous structure. Upon further review the 50 Moving Average has been breached on the Daily, awaiting second candle closure for confirmation of further downside potential. Digging deeper price has returned to the support level that it breached to test its resistance, the level being 1.227. Conditions for a possible reversal can include a failure to penetrate the 1.228 which is in confluence with the 4H 50 Moving Average. However there is a strong resistance at the @ 1.235 level so we can't rule out the possibility that price may want to retest resistance. My bias holds strong that we are in a bearish market and price can be seduced to head towards the 1.21 and 1.208 levels created by the structure of price movement.
Thank you for your interest in my analysis.
Likes and comments appreciated.
