BTCUSD - H4 - Information

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BTCUSD

This chart represents my short-term view for BTCUSD.

I will wait to buy, everything indicates that it will rise much higher in a few months, so I will try to buy at the lowest price as possible.

Remember, investing in cryptocurrencies involves very high risk, as prices have been extremely volatile.
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Ok, this is being really fast!

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Rebound at fib. 1.618 (13297.05), like a charm:

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Panic time, this is good for us!

We could have a rebound at the current price and a bigger correction. If this happens, we will wait for fib. 2.618 (9362.85).

I will keep analyzing the pair to find the best "Momentum" to buy.

Tip: you can use a WMA (200, close) in order to identify the "hidden" resistances and supports.

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Remember, investing in cryptocurrencies involves very high risk, as prices have been extremely volatile.
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The pair had a rebound at the price mentioned above. Now, I am waiting for a bigger correction.

I am looking for an ABC wave that involves these values: 11234.03 (end of a micro H&S on H1, not activated yet) and fib. 2.618 - 3, as you can see in the image above.

Tip: investing through TA in cryptocurrencies is extremely difficult to do. Don't do it if you are a newbie, even watching my analyses.
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Maybe. We have to wait:

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As mentioned earlier:

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Could it be a bull trap? It is difficult to know at this moment, we have to wait for more signals.

I hope you are on the wave :-). Anyway, pay attention to the base of the triangle (or previous key levels that I talked about them) if you want to try to enter again. There could be more opportunities.

I will keep analyzing the pair to find more chances to buy.

Tip: Sometimes, in the symmetrical triangles false breakouts are formed, as shown in this chart (GBPJPY):

GBPJPY - H1
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We could have a regular bear div. (trend reversal) coming:

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Tip: wait for the break of the previous low to ensure activation. If you don't know how to trade "divs", don't do it.
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Tip: technically, the TP of this divergence is the height between the previous higher high and the higher low. In the image that I show you, it coincides with the breakout of a bullish channel, whose TP is the height of the channel, taking as an initial point of measurement the exact point of breakout.
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Finally, as mentioned, the divergence has been completed and the yellow circles are working as supports/resistances:

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Next stop?

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Tip: never sell Bitcoin, just buy it when there is a good opportunity.
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This could be good for us: goo.gl/xZQX3T

I will keep analyzing the pair.
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Key rebound area working very well:

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Excellent:

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I will keep analyzing the pair.
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We have two new scenarios:

1- Inverted H&S + Anticipated V-shaped reversal:

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2- H&S:

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Happy New Year!
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Ups, the 1 is "H&S" and the 2 is "Inverted H&S + Anticipated V-shaped reversal".
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The 2nd option (Inverted H&S + Anticipated V-shaped reversal) was activated:

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Finally, the Inverted H&S + Anticipated V-shaped reversal pattern was invalidated and the H&S setup was activated with a reversal impulse and completed:

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A rebound could appear at ~ 8404.68:

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Well done, Bitcoin:

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Until there are no reversal patterns, we remain bearish. If you have an open bearish position, my advice is to close it or take part of the profit.

Remember, you are at your own risk and investing in cryptocurrencies involves very high risk, as prices have been extremely volatile.

If you got profits with my analyzes, please, press the like button.
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Waiting reversal pattern.

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Still waiting reversal patterns. The current bullish rebound could reach 11.000 - 12.000, but it is not clear yet:

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[M15] We have something like this (just as a guideline to think about our next trade):

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The previous image is a M15 timeframe.
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Readjusting waves three and four. Waiting for a reversal pattern.

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Ok, this is my vision right now. As you can see, I'm just waiting for a rebound to buy at these levels:

- First stop (~8033.67 / ~7880.58, in purple)

- Second stop (~7506.55 / ~7132.33, in pink)

It will depend on the magnitude of the waves.

If this fails, I will have to redo the analysis:

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The first stop worked like a charm, but the price could reach the second stop:

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I had to delete the previous information box about the ABCDE triangle pattern due to lack of space, but you should take it into account.
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The div. failed and the second stop to buy was not reached, so we should put our stop loss in breakeven for the actual buy order.

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Take in into account that the current price could be the wave C and b (blue levels).
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Our area was reached. The pair remains bearish right now:

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Nothing more to say at the moment. I will wait to recalculate the waves.
Head and ShouldersOscillatorsTrend Lines

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