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Bitcoin Achieves the Mark of $12k, the value Can further AccelerThe value is Bitcoin is getting back on track again these days after the bearish correction of the previous month. The value of Bitcoin is showing strong bullish momentum in the market and today a few hours ago the value of Bitcoin reach around the value of $12,000. Some of the experts and crypto investors are thinking that this sudden increase in the value of Bitcoin is due to the economic feud between the United States and China. Still, some of the analysts and analyst Josh Rager is expecting that currency can again experience correction and value might fell back. Today, the value of the Bitcoin was trading at the value of the $12,273.82 at 15:44 UTC, the market capitalization of the currency is $219,220,416,159 and the 24-hour volume of the currency is $22,993,616,607. But, Rager was right and the value of currency drop again and now at the time of writing the currency is trading at the value of $11,639.66 at 18:30 UTC, the market capitalization of the Bitcoin is $207,896,907,378 and the 24-hour volume of the currency is $23,564,681,811. Rager stated, “I do believe BTC needs to have slight pullback sometime.” Some of the experts or analysts were still thinking that the bulls have taken over the Bitcoin and the value of Bitcoin will achieve an increase of $13,880. But, Rager also explains this in his tweet, “Bitcoin is clear skies on the weekly and monthly chart. Not much stands in the way of previous $13,880.” Still, when the value of the currency was around $12k the bitcoin experienced the high of value around 4-5% and the bitcoin dominance is continuously rose around the level of 68.5%. The last time the dominance of bitcoin was high in 2017. On the other hand, the global stock market experienced a setback and Dow Jones suffered the loss of 1,000 points in Monday’s session of trading. This happens following China’s action at Donald Trump’s threats regarding trade war with China. China itself allows it Yuan currency to decrease around the important $7 level and this followed an enormous capital flow out of the currency of China. The experts think that some of the Chinese currency flowed into the cryptocurrency Bitcoin is the previous 24 hours. The CEO of Circle, Jeremy Allaire encourages the virtual currency bitcoin for being the global macro uncertainty. He stated, “Humanity has now created a non-sovereign, highly secure mechanism to store value that can exist anywhere that the internet exists. It’s uncensorable, it’s unseizable.” News Source: TheCoinRepublic
COINBASE:BTCUSD
by TheCoinRepublic
Bitcoin key levels - is bottom in?Just a short explanation since lot of things are said with trend lines . With this higher low BTC broke the trend of lower lows. It enables us to create upward channel using previous price levels. If we add fibs channel into this, confluence of trend lines and fibs channel marks key levels bitcoin has to break. I'm expecting 200-400$ dips at each key level btc comes to for the first time since trend of lower lows ended. 4H close below lower green trend line would invalidate this theory. Buy the dips if not invalidated, good luck !
BITMEX:BTCUSD.PLong
by UnknownUnicorn4750354
Bitcoin Price Prediction Of The YearWhen I'm falling down Will you pick me up again? When I'm too far gone Dead in the eyes of my friends Will you take me out of here? When I'm staring down the barrel When I'm blinded by the lights When I can not see your face Take me out of here Take me out of here Take me out of here Take me out of here All I believe and all I've known Are being taken from me back at home Yeah do your worst, when worlds collide Let their fear collapse, bring no surprise Take me out of here Feed the fire Break your vision Throw your fists up Come on with me Feed the fire Break your vision Throw your fists up Come on with me Feed the fire Break your vision Throw your fists up Come on with me Feed the fire Break your vision Throw your fists up Come on with me Just stay where you are Let…
BITMEX:BTCUSD.P
by Giliuku
Bitcoin Key Support Levels IdentifiedBitcoin has had some decently sized upward movement in the last week. Here are some key support areas to look for a buy at. The main support area currently being tested is the price of 8800 - 8900. If that breaks then we will like see a retest of 8200 and then 7500 (if 8200 breaks). These are some good levels for new money to get invested in for mid term trades. Beware of a correction to below 7500 though, this would bring us to levels of 6000+ most likely. Also, the uptrend presented might be a very good spot to take a long, especially if the price hits it when the line is at a level of 8800 (level of support). Thanks for reading! Please donate if you like what I do! :) bitcoin: 1NTkRex1gE2iJ63sFQHNpFYkBoeZ3w69FZ bitcoin-cash: 1GYPijuWfRYtaWmFbPsFjWsozEP3ZXaheq ethereum: 0x56E49FB49221623C8FC7BE27C49E6d7Ff8d02c70 burstcoin: BURST-S9HQ-84BX-CXX8-4RKBC
COINBASE:BTCUSD
by stupendelious
BTC movement-Closer to a pullack than testing 9600$ #btc #btcusdHello guys I hope you had a great weekend, Let's see the latest price movement of btc and what assumption we can make from it. The triangle that is formed in the daily chart shows us that the price of btc appear signs of exhaustion. After the big green candles price is moving more parallel to the lower line than testing the upper line of the triangle. In fact we can observe five pretty big breaking points of the lower line, signs of the exhaustion I wrote above. Its fair to say we can anticipate an even bigger breakdown of the lower line after the continuous testing of it, which can lead initially to a retesting of 8000$. Let's observe our assumption both with a short term fibonacci retracement and a long term one. The short term fib retracement formed from the latest big price movement (9090-7975$) shows in the beginning a bullish rebound of the price, managing to cross the 50% fib - 8534$ and almost touching the 78,6% fib - 8854$ where it got rejected though yesterday. At the latest price movement on the other hand we see a bearish posture forming and the price gets a pullback under 50% fib 8534$ and even momentarily crossing the 38,2% fib 8402$. If this bearish posture continuous and if it clearly breaks 38.2% next pullbacks targets are at 23,6% fib - 8239$ and at the lowest recent price of 8000$. As far as it concerns the long term fibonacci forming between the ATH and the lowest price after 2017, we can see that the 38.2% fib is at 9575$ where price seems to have big difficulty to reach and at the same time showing us that a retest of 23,6% fib at 7137% maybe is more possible and even more healthier in order to gain momentum before it moves back to break 9536$ or higher. At this point I have to say that IMO a even bigger retrace won't be a bad sign but a healthy sign for the price to gain more strength and confidence for the big movement connected to the time line of the halvening and the price involvement to this event. Let's see how it goes from here and update our thoughts in a later time.
COINBASE:BTCUSD
by CryptoHora
Bitcoin - Distribution or Re-accumulation?Hi traders, I hope all is going well with everyone. Bitcoin is currently in a trading range (sideways trading) for the past 10 days - trading between $8200 ( supply zone ) and $7050( demand zone ). I can see some major signs of weakness that Bitcoin price is showing. For example, the major rally from $7200 to $8100 with volume strength but prices failed to make any new highs and bitcoin, therefore, fell to $7400. Current support is at $7450 (marked in green) For now, it is fair to say that bitcoin will correct to $7700 . Again, we need more volume and price action data to confirm if this is a distribution or re-accumulation. Best of luck and have a great weekend: )! - Abdulla
BITFINEX:BTCUSD
by abdullatrader
8
Humpty Dumpty sat on a wall ! BITCOINRight now we are sitting on a very intresting turn. RSI (4h) is very bullish atleast short term and the pattern formed is straight Bear. Right now it very hard to pridict what is going to happen. In my opinion even if we have a drop it must not drop 3100-3200, as 4h RSI will break the chart in hat case. lolx. But intrestingly daily RSI has a lot of space for drop aleast till 2800-2900. So right now we will expect a small drop may be till 3450 and than a small bounce with highly sensitive RSI in upwards direction (a hobbit level Bull rally) and than eventually a fall below 3000 in next 2 weeks but there is no sign of a bull rally in forseeable future. Best of Luck! . Like it ? than Like it! :)
BITFINEX:BTCUSD
by Crypto_Leverage
Litecoin Price Analysis: Long-Term Bearish; Short-Term Iffy BullThe price of Litecoin has been moving in tandem with Bitcoin (just with more volatility) lately, which makes it an especially juicy option for shorts/longs depending on which direction you think Bitcoin is going in (i.e., if you think Bitcoin is going long, you definitely want to long Litecoin; if you think it’s going to drop, you definitely want to short Litecoin). This is validated by the correlational index provided by SIFRdata. Rarely does this traded pair move opposite of Bitcoin, although there was a time where it was appreciating against Bitcoin at a fairly rapid rate a few weeks ago as Bitcoin was ascending in price (this was back in July). But without further ado, let’s get to it. The white line that you see in the picture above represents the long-term support point for Litecoin. Below is an even closer view of what it looks like: However, the RSI is signaling us out on the daily pretty hard. As you can see with the RSI, there was a sequence of highs that had initially occurred, that signaled we were in the clear with a good investment (solid upward price action). However, that elongated pattern of progress on the RSI(14) on the daily chart is now no longer. Yet, this long-term support point that we’re seeing (indicated by the white line), is holding tight thus far. Let’s check out the volume reading to see how that’s looking. Volume As you can see from the photo above, the sell volume has descended a bit over the past few days, but it still vastly outstrips the buy volume that preceded it. Normally, when there is a decrease in the volume, we can anticipate a price reversal. But this is not the case when we were in a bear market and that decrease is a decrease in sell volume. There is a chance that there could be a subsequent spike in sell volume, especially if the price of Litecoin falls back down through the the long-term support that its currently sitting at on the daily chart. Let’s scroll out a bit first though, and get a better idea of why this long-term support is so important for determining the future price of Litecoin. Long-Term Support Point As you can see in the photo above, this long-term support is right where the price run for Litecoin really started up at in 2017. So, without even looking at a Fibonnaci chart, we can tell that the price of Litecoin is at a 100% retracement point on the daily chart. Above is the visual of the Fibonnaci though, in case you needed it. Next Likely Support Point The next likely major support point is probably at $40-ish. Triangle formation is nearing its apex on this chart. This can’t be called a descending triangle because it’s not. It does not fit the necessary qualifications of a descending triangle formation. To conclude the long-term price analysis for Litecoin, the author is extremely bearish and sees another -20% drop, at the very least. Short-Term Price Analysis In the short-term the prospects for Litecoin look slightly more promising. Divergence between the price and the RSI should be immediately apparent from first sight, but we’ll out line it below in case you weren’t able to identify it manually already. When the indicator is signaling bullish intent with the price acting in a bearish manner, that is considered positive divergence. When the indicator is signaling bearish intent with the price acting in a bullish manner, that is considered negative divergence. Know the difference and learn how to identify each; it saves lives. Resistance Points In the picture above, you can see we have the EMA-50 hanging right over the price of Litecoin on H4 currently at roughly $57. As noted in other analyses, the EMA-50 may perhaps be one of the most ‘powerful’ support/resistance points in all of crypto as far as EMA indicators are concerned, so this is definitely worth noting. The Ichimoku is dictating the same fate for Litecoin (assuming that it passes the conversion + base lines; those are the two red and blue lines on the chart right above the price). The bottom of the cloud is hovering at $57. So, $57 is looking like the definitive mark to beat. Given the bearishness of the daily outlook and the mild bullishness in the signals for the 4H chart, only the most mild of longs would be suggested here (even though it’s not advisable to risk tremendous losses scalping super short-term profits). Conclusion If one were to long here (for whatever reason), to try to hustle out an extra 5–8%+, then this is what the safest R/R would probably look like: If one were to attempt to short on Litecoin (probably the smartest decision), then it would be recommended that one set a S/L right above where the target was from the long position and then letting the price ride out from there. For this, we will change time frames and scroll back up to the daily. Truthfully, this is probably one of the more conservative outlooks for Litecoin, all things considered.
BITFINEX:LTCUSDShort
by librehash
4