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Bitcion

Bitcoin - This is the bottom line - Must Read! I will be very honest and show you my cards and what I'm hoping for. I will do very well next year if BTC goes from here to 20K or above, but I will do exceptionally well if we hit the $4800 area, why? Because at that point I would have 100% of my working capital in, and BTC is showing signs of storing all kinds of energy for the next move, meaning we may go north of 20K. If you have been following along you are 55% to 65% in as well. This next bull run is guaranteed to -- at the very least -- double your money if you have an Alts heavy portfolio. One thing you have to remember about my trading style is that for it to be profitable you must have patience. If this is the bottom, BTC may start ranging along that green line for days maybe even weeks but eventually we'll have a big parabolic move up and the good times will start. Our best-case scenario for 2020 is that we meltdown to $4800, at which point most good, worthwhile Alts would be dirt cheap. If you load up -- as I plan to do -- and do position trading, which means you hold your coin until it hits your exit point you should do very well in 2020 and even better if you hold beyond 2020. Example: If you buy LTC at $20 (let's use a random amount) using 5K you will then have 250 LTC and if you wait until it hits $200 you will end up with 50K. This is a very realistic scenario for 2020. This is the type of move I am waiting for, if this does not happen you will still get a couple of chances to make good money with 2 or 3 trades next year. Let me be clear; Only commit an amount you can afford to lose, I'm not telling you to put 5K in, the above is just an example of what I have been doing with Crypto. Follow me and you'll know exactly which coins to buy and when to buy to maximize your profits. Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of paying me for my time. NOW, THE LEGEND; Support trend lines are green Resistance trend lines are Red Horizontal support lines are white, the thicker the stronger the support 50 Moving Average is yellow 200 Moving Average is white THE TREND: Going Down but finding stability THE OUTLOOK: Beginning to see the end of the downtrend a rally may be coming soon.
by cryptoGats
22
There is no Buying Signal for BTCThe bulls are attempting to keep Bitcoin (BTC) above $7,000. This is a positive sign as it shows that buyers are not waiting for a deeper correction to step in. If the bulls can carry the price above $7,856.76, it will signal strength. Above $7,856.76, a rally to the downtrend line is likely. This is an important resistance to watch out for because the price has repeatedly turned down from it.A breakout of the downtrend line could start a new uptrend. Therefore, we retain the buy recommendation given in the previous analysis. Contrary to our assumption, if the BTC/USD pair reverses direction from the current levels or from the downtrend line and plummets below $6,512.01, the downtrend will resume. A breakdown to new yearly lows will be a huge negative and will hurt sentiment. Therefore, we do not suggest buying until the markets signal a possible change in trend.
BITSTAMP:BTCUSDShort
by Crazy_Bitcoiner_
7000 is the key levelMorning guys, Indeed, market has made an attempt to climb higher, but was not able to reach our XOP target around 8.3K area and daily retracement (aka B&B "Sell) has started. The minimal target of this retracement is 7K - major 5/8 Fib support level. This level has special role in short-term perspective. Potentially, this level is the one that bulls should consider for long entry. At first touch theoretically it should provide minimal protection and price response which will be enough to move stops to breakeven. Holding above 7K will make possible large upside AB=CD pattern to ~8.5K area. Our H&S pattern is not valid any more as price first - has reached minimal target, second - dropped now below neckline. If this level will be broken, I mean 7K - BTC will drop back to the "A" point and challenge recent lows. So, this level is important for bears as well. Right now we do not see any valuable bearish setups...
COINBASE:BTCUSD
by Sive-Morten
Moment come - nothing has happenedMorning guys, Market finally has hit our OP target. Last time we've talked about signs that market has to show, if it is really bullish. They were suggesting upside reaction on combination of 5/8 Fib support and OP target. Conversely, no reaction and drop below OP we've agreed to treat as bearish sign. Thus, you could make conclusion by yourself as overall picture is rather clear by our view. BTC shows no reaction on OP + 5/8 Fib level target and opens road to the lows where we have next XOP target. Drop to XOP could trigger chain reaction of breakouts as reaching of XOP suggests erasing of Mr. Xi's rally. Which, in turn, open road to daily $6.35K target. Once Xi rally has happened - we've called to not fall in euphoria but wait and see. Time tests any politician statement (recall Trump, for instance) and BTC has failed this test. Maybe situation will change, but now we do not see any bullish signs - no patterns, no bullish performance, positive reaction on support, nothing...
COINBASE:BTCUSD
by Sive-Morten
8.3-8.5K short-term vital areaMorning folks, BTC gradually is coming to the target that we've specified last week. In fact here we have two major AB-CD's but their targets stand relatively close to each other. Top AB-CD (red letters) has OP target around 8.3K area, slightly below major 5/8 Fib support, while another AB-CD pattern has OP target precisely at the level. This level is very important, because it will act like a test. If BTC indeed stands in bullish mode, and Xi rally is real upside reversal - price should not erase this rally. Thus, breakout of 8.3K area and drop back to 7.2K lows could put bullish perspective under question and open road to 2K major target on weekly chart. But this is long-term story... So, what we could do in short term. If you have bullish view and search chance to go long - this 8.3-8.5K area is the one that you could consider. But you have to control two things. First is - you have to avoid long entry if nasty black candle will be formed, and this level will be broken by some fast action. Second - once you take long position, move stop to breaven as soon as possible. Because this is "test" level and we do not know what will happen. It might be just technical respect of support, but not upside rally continuation. Here I also draw a butterfly, just as example of bullish reversal pattern that you could use for entry. It is not the fact, of course, that precisely butterfly will be formed here... but it could... For bears - wait for breakout of this level down. Now it is not time yet to act.
COINBASE:BTCUSD
by Sive-Morten
2
BITCOIN Still In RECOVERY mode (SELL): Weekly, Daily, 1hr BTC Thesis - Weekly: Last weeks candle closed as a shooting star after rejecting off $9832 weekly zone signalling sellers are trying to push bitcoin price lowers. - Daily: Monday candle closed with a long wick rejection to the downside off $9499 zone signalling seller are ready to push price lower to next likely target $8732. - 1hr: Now waiting for 1more drive back into $9499 to test the 1hr launch pad, if this holds then we should expect a sell off to $8732.
COINBASE:BTCUSDShort
by MountOlympusFx
Xi has made the dayWell, well, well... While we were preparing to market reaction on our major 7200$ support area, which is vital for bullish scenario - Mr. Xi has decided to accelerate this and stepped in with revolutionary speech on Friday. As a result BTC has shown immediate reaction on support. It was so fast that we were not in time to make any preparation... At the same time, guys, I would not be too hurry to make conquest cry. This is just the words, guys. Yes, this is powerful leader of 2nd largerst economy, but he is a politician. I remind you that China ban all cryto exchanges in the country and started miners' retaliation in North China. Besides, just take a look at D. Trump what he has told tomorrow and what he tells today and what chaos his words usually trigger on the markets accross the board. Previously we saw too many brave statements that ended with nothing. These thoughts make me be careful on market's gudgement right now. It means that we should not fall in euphoria and see how durable this rally will be. I'm just worry that it will used for a new big short positions, because, outside of Xi statement - overall sentiment on the market was negative. Thus, we offer two things - in longer-term perspective we need to sit on the hands and see what will happen. Second - while we're waiting for longer picture clarity and if you get an itch to trade BTC anyway, take a look at the chart. This is relatively safe trade that is based on recent momentum. Around 5/8 support of 8.4-8.5K area we will get "222" Buy pattern. Odds suggest at least minor upside bounce out from there, which should let us to turn trade to riskless and move stops to breakeven. If we will be super lucky - rally will continue. This setup is possible only if we will not get miserable collapse to 8.4K area. Right now it is not good area for long entry as BTC stands at major 3/8 Fib resistance and Overbought on daily chart.
COINBASE:BTCUSD
by Sive-Morten
1
BitcoinThe price of BTC fell around 12:00 on 22 October. If you touch "Uptrend line drawn at the beginning of 2019" and go up, you will challenge "The downtrend line, which started from a high" around 06:00 on October 25. If you touch "Uptrend line drawn at the beginning of 2019" and make a decline, you will challenge the 100MA intersection of the "Trend line on 4H chart" and the weekly chart around 16:00 on October 24th. If you look at the daily chart, it is likely to rise along the line "Uptrend line drawn at the beginning of 2019". BTC's most important inflection date is around October 27. This day is the intersection of "The downtrend line, which started from a high" and "Uptrend line drawn at the beginning of 2019", and I think the box section is very likely to end. The link below is a chart of a previously published BTC, a must-see chart.
BITMEX:BTCUSD.P
by readCrypto
Dowside target is completed - all eye on bearish signsMorning everybody, BTC action is slowed so we had have to wait a bit more, when price will reach our target. Finally it has happened. BTC has completed AB=CD target right at low border of daily flag consolidation. As our daily analysis stands the same - its bearish, and we expect downside breakout and reaching of 6.4-7.2 area, here, on 1H chart we need to watch for first signs of weakness. Most common is - early downside reversal and inability of the market to return back to opposite, upper border of the flag around 8.9K area. Once BTC will turn south somewhere in the middle of the channel - this will be early hint of coming downside breakout.
COINBASE:BTCUSD
by Sive-Morten
80 area is a clue to directionMorning guys, So our last udate setup is done - market has completed retracement to 5/8 Fib support area, forming "222' Buy" pattern and now is the moment of truth, because 8K level is a key to further direction. Downside breakout will significantly diminish chances on upside continuation and, in fact, will mean continuation of major downside trend. While, until BTC stands above it, it still could show deeper upside retracement, in a shape of AB-CD pattern. Its target stands around 8.8 area. Thus depending on your view - you could act accordingly. Bulls could drop time frame more and take long position, as current price lets to place very tight stop, just below major 5/8 level, hoping that upward action will happen. While bears should wait either for completion of 8.8K target or - yes, downside breakout of 8K level. So, Stop "Sell" order could be used.
COINBASE:BTCUSD
by Sive-Morten
4
9K could be re-testedMorning guys, We keep our bearish view in longer-term perspective, watching for two destination points - 7.2K first and potentially 6.4K second. But in short-term context, BTC could show upside pullback. Last week we call to not take shorts by far and wait for pullback as market was oversold on daily chart. Now you can see that indeed, it stands flat. We ignore pullback and do not intend to go long, but it should provide us better chances for short entry. Potentially in could re-test major broken 9K level, but only if everything will go positive. Here, on 1H chart we see something that looks like double bottom pattern, but for BTC, to keep bullish chances, price has to hold above major support levels. Now it stands at 3/8 level. Only in this case upside AB=CD will be possible. Conversely, breaking of 5/8 will mean that we're going down on daily chart and pause is over. Thus, our plan - sit on the hands and wait, whether we will get upside AB=CD to 9K where we could consider short entry.
COINBASE:BTCUSD
by Sive-Morten
Road to 7200-7500 is openedMorning everybody, Well, it is not needed to talk too much. Few days ago we already noticed our doubts on price behavior and that it doesn't correspond to normal price action of bullish market. As we've pormised the breakout of right arm lows of our H&S pattern triggered chain reaction of breakouts, including last major support of 9K area. As a first result of collapse, market hits daily Oversold and completes 1.27 butterfly extension. This is not good moment to go short right now - wait for pullback to get bearish continuation patterns, such as "222" Sell and take short position. Next target is 7200-7500 area - our major bearish scenario. This area includes weekly 5/8 Fib support, AB=CD target and 1.618 butterfly extension. This is major retracement down guys and by its end we should get sweet entry point for major long-term trend. This collapse is not something outstanding - it is normal. We talked about it two months ago. The question only was whether it happens right now or after market will hit 15.3K target. Now we have the clarity...
COINBASE:BTCUSD
by Sive-Morten
Hit or Miss #2Morning guys, Actually, we already have done all preparations for possible BTC action, but traditionally we prepare BTC update on Mondays ;) As you can see, you second chance to take long position has worked nice. H&S on hourly chart stands valid. Now if you stand long based either on our 4H H&S pattern or 1H H&S pattern - move stops to breakeven. The price of failure here is extremely high. Collapse of minor H&S pattern here will lead to cosequenses of failings that drop BTC to 7.5K area. I'll show you why. Imagine that this H&S will fail - market will drop below the right arm. Any H&S failure leads to drop below the head. The head of this pattern in fact is a right arm of large H&S on 4H. Drop below the right arm of 4H will lead to drop below the head as well around 9K area. This area has been tested three times and this time will be the last one. Breakout of 9K area will destroy bullish setup and lead market to next support area of 7.5K. This is a kind of nested doll. Thus, if we will see irrational price action, failure of 1H H&S - close longs and consider position reversal...
COINBASE:BTCUSD
by Sive-Morten
long signal for BTC but waitthere are so many reversal point on BTCUSDT 10977 10972 10950 10926 and we have cross on tenkensen and kijunsen btc has to attack this points with sharps but BTC already is above 10722 which mean its going up till touch 11436 we have the global economy faces its biggest crisis in 11 years but a rocky road lies ahead for bitcoiners and noconiers and remember trump's currency war with china could be bitcion's die or do moment and gold will smash 16k pretty soon fortunately btc move with xau :) enjoy buy pretty soon
Long
by shotojoo
USDCAD Technical Analysis: 6 Hour Timeframe Chart PatternsConclusion for today’s USDCAD technical analysis: Price closing below ~1.31783 implies further downside in the USDCAD. USDCAD chart is presented in today’s analysis on the 6 hour timeframe. Focus is mainly paid to chart patterns in the USDCAD that can be used as a guide in understanding future price development. The bullish channel in the USDCAD that lasted over 15 months is shown on the chart with eventual breakout below the channel occurring on June 07, 2019. A retracement to the 200 moving average (MA) following breakout can be observed before resumption of the downtrend. A bearish channel (tentative) is the most recent chart pattern that is used to provide perspective for price action. The width of the channel can be used for projection to determine the minimum price level that will be targeted upon successful break out (up or down. Support level between 1.32138 and 1.31783 is also indicated on the USDCAD chart. Price breaking through the lower boundary (1.31783) increases the chance of a test of the channel’s lower boundary. Consolidation at support on the other hand supports the notion of price targeting the upper boundary of the channel.
by Coin_Analyst
2