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Next 24 hours critical for buying BitcoinWith all indicators in the BTCUSD one day chart showing we are primed for a rally anywhere up to between 8000 and 11000USD, the key question is when this will actually begin. Many have prophesied that Bitcoin will go down to 6000USD before the impending upturn, but there is strong resistance to be found at 6400USD which we have tried to pass four times over the past two months without success. We likely face three likely scenarios: a) we will hit resistance yet again at 6400 over the next 24 hours before the rally commences b) we will drop to 6000USD and possibly dip into 5500USD over the next 24 hours before the rally commences c) we have already entered the rally and are on our way up to 11000USD over the coming fortnight Which BTCUSD scenario do you back? Please hit the thumbs up if you found this informative. This analysis is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading.
BITFINEX:BTCUSDShort
by BCryptological
2
BTC Feb. 13, 2018 Daily - Break Out of Ending DiagonalBTC broke up and out of the long ending diagonal and now expect to defeat the 9400 resistance as it pushes to cross key psychological level of 10,000. BTC is now in a bullish pattern and I anticipated moves as shown by the RED A-B-C as we complete this move higher. I am long BTC and do not like selling it on weak days as overall trend is bullish. Breaking free of the long term ending diagonal is bullish confirmation and now BTC will move higher testing former support levels found on in last months correction which now have become resistance to overcome. The 10,000 level will be an important resistance level to overcome psychologically and when it is crossed expect a new wave of bullish sentiment to become a significant price mover from thereon as people regain confidence BTC is again going higher and former correction was simply a correction and not the end of gains for BTC. I expect cryptos in general to once again enjoy significant price moves soon after BTC breaks the 10,000 level as discussed above. Therefore, when BTC crosses 10,000 I will be looking to add to my positions in the Alt categories. It is my plan to own a mix of the top 100 cryptos in each category such as blockchain specific coins, online gambling, online dating and other leading tokens in each specific crypto sector. This is expected to diversify my portfolio minimizing risk while keeping my portfolio spread across the top tier or leading coins in each crypto segment. It is impossible to know which of the many coins will come out the big winners in 2018. Therefore, spreading my investment across a broad range of the top coins in each sector is a good method I believe to accomplish the highest returns at least risk for me. An alternate method to achieve my goal without as much time spent researching each coin and sector would be I think to simply spread my investment evenly across the top 20 - 50 market cap coins or even top 100 coins depending on my investment. spreading across too many coins a very small account would be expensive trading into so many and a real pain to oversee for such a small investment spread so thinly per coin. What does everyone think as to investment options ahead in 2018? Keep your long hold coins in a hard wallet and only coins you are trading on exchanges. Do become a victim of an exchange hack or exchange failure or shut down by some regulatory authority!!! Nothing would be worse than having a large portfolio you nurtured from a hard earned nest egg lost to a low life hacker or exchange. So be safe and "lock em up" in a Nano or other hard wallet storage device or at least use MyEtherWallet which is also 100% free and a very good storage choice. Good Luck!
COINBASE:BTCUSD
by bshgeo
ETHUSD Opportunity knocks for next Bull PhaseETHUSD A fabulous weekend has developed into a terrible week for the Alts. This should create another fabulous buy opportunity over the coming 12 to 24 hours...and potentially lead into another good weekend ahead...if we can pick this up at lower levels without getting stopped out in the process. First support is nearby at 630 which if broken now should lead to further weakness back to 557-551 range (a good short when triggered). Ideally though, for bulls still wanting to get long here, ETH will plunge even lower, to 512 and maybe, if lucky right back down to the rising dynamic support at around 447 before bouncing strongly. It might not reach here, but we can still place orders in market at a coiuple of points above 447 and see if it gets struck. The 488-481 range is the other range to target as a potential antry zone for longs on any further weakness but any stops will have to remain below the 440 mark to keep from being hit...if you can handle the potential 9% downside from 481 there is 100% upside from 447. Look to buy over the next 24 hours, when the pips are really screaming. Need a plan and the courage to execute. The stage is set...let's see how close we can get to the bottom before committing to next long from here.
BITFINEX:ETHUSD
by sumastardon
1