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Long Term Bitcoin ForecastContext: Since the beginning of August, the price of Bitcoin is consolidating in a range defined by a key support(green zone). *Note that the bottom of the support zone is defined by the 78.60% fib retracement level of the December 2017 Bull Run. Opportunity: The consolidation can be also seen as an accumulation. This accumulation can lead into drastic price movements. As you can see on the chart, my forecast is that the price will drop to the next support zone below just before the next bull run. The price will drop on the upper support of the support zone and will bounce on the green oblique support. Chronologically talking, my TA tells me that this price movement will happen at the end of September and at the beginning of October. In my opinion, these price movements will be powerful and fast. We need this selling volume to have a powerfull movement in the opposite direction too. Confirmation: We will get a confirmation of this forecast when the RSI indicator will get below 30, at his oversold level, and crosses back to the 30 dotted line. I expect the MACD to cross upward to confirm the trend. Invalidation: This TA will get invalidated if the price bounces hard on the blue fib level and that the Bitcoin price gets over his green support zone.
BITFINEX:BTCUSD
by hainsdo
5
Ethereum Price Analysis: At Least a Scalp Possible HereIt should be no secret to anyone that the price of Ethereum got absolutely throttled over the last few days. Let’s check out some of the carnage below: Although, things shouldn’t be considered all gloom and doom because that $280 support zone held itself religiously (with the exception of a short-term sell off one day that brought the price all the way down to $250 before the swift bounce back up to $300+). The line on the chart above shows the multitude of times that the price failed to unsuccessfully break below this point. A daily candle has not closed below $280 since September 2017; that’s worth noting. Fibonacci Levels Coincidentally, this was a major level on the Fib as well! As can be seen on the chart above, the price virtually ricocheted off of that lower support point before heading ever upward. Rate of Change on the RSI It’s rare that I skip right pass the RSI itself, but the Rate of Change of the RSI(14) is something worth checking out: Relative Strength Index (14) The RSI is still oversold (when smoothed over by my amazing indicator), despite the fact that the price has bounced pretty well and that the Rate of Change on the RSI(14) has taken off. Let’s Look at Some Lower Time Frames Here are some EMA indicators on the H4. Remember what we said before about the proximity of these indicators with one another and how that ultimately can reveal a reversal in the impending trend? Perhaps what is most significant, though, is this battle between the EMA-12 and EMA-26. Most recently, the EMA-26 crossed back above the EMA-12, which is bearish. But the EMA-12 has an opportunity to get back through as well. Therefore, a price rise could be imminent. Potential Price Increase of Ethereum Assuming that the market bounces, Ethereum could be one of the major winners of said bounce. I am well aware of the phenomenon of ICO projects dumping out a shitload of Ethereum tokens when they get afraid that the price is going to continue to decrease. However, I believe that the majority of this dumping has already occurred and, of course, if the price does begin moving up strongly that will more than likely halt the dump. The above is the most optimistic case scenario (if it hits that long-ish term trendline). However, below is a more realistic expectation for what it may hit: Yup, the next support point is hovering right around $320. Conclusion When Ethereum moved up to the $320 range just a day ago after being at $280, it showed us that it has a LOT of ground to cover just to get back to ‘par’. Thus, there’s a solid chance that the price of Ethereum could really start crunching in serious gains (at greater percentage points that Bitcoin, of course) in the VERY near future! We’ll just have to wait and see though.
BITFINEX:ETHUSDLong
by librehash
2
Ripple - The Old Glory RunAfter roughly a 1000% run from its ascending triangle back in Dec 17 - Jan 18, BITFINEX:XRPUSD now seems to be dying a painful death to those who haven't looked at it well enough. Bitbloxx however does not believe in letting such opportunities slip. After thoroughly analyzing the historic chart, we came up with the following technical observations: 1. $0.32 - $0.28 is a region which took the coin over 200 sessions to break out of. Point being, the support at this level is rock solid according to our analysis. 2. RSI and stochastic are in approaching extremely oversold regions, with a little downside room still in store - We have seen sustainable reversals from such lows in the recent past. 3. We expect heavy accumulation between $0.28 - $0.32 which shall be supported by high volumes Trade Plan: Accumulation Zone: Partial buying between $0.32 and $0.28 , with higher weightage at $0.30. Stop loss: We recommend keeping the stop-loss flexible on this trade. However, the point of concern will be below $0.26 . Selling Zone: Our first selling level would be 50% above the buying zone, that is $0.427, followed by $0.47 and $0.55 .
BITFINEX:XRPUSDLong
by Bitbloxx
1
Bitcoin Feels Like a Shoe-In For $6.5k I could be wrong, so don't burn me at the stake - but here is what I see: If you’re looking at the 1D chart for Bitcoin, this is what you’ll see (at the time of writing). The downtrend resistance from March's high of $11.5k is still alive and thriving at this moment in time. Specifically, this zone is between $6.18k and $6.5k (approx.) Currently, it appears as though the $6.18k support is holding pretty reliably and that it will be the overhead resistance at $6.5k that will have to contain the price. It also appears as though the price is slated to eventually reach up to $6.5k at least. Relative Strength Index As you probably saw on the charts above, Bitcoin is officially oversold on the daily. Now, the intuitive assumption here is that the price will bounce up at “any time”. However, this is not the case in a bear market. See, when an asset is in a bear market, the RSI can remain oversold for as long as it needs to. On the contrary, when the price is overbought in a bear market, that’s a sign that a drop is more than likely impending soon. The oversold point is a naturally more frequently occurring phenomena in bear markets = main point+takeaway from the above statements. The price has been oversold for 8 total days at this point, and it appears that this will easily trickle to day 9 barring some extraordinary price movement. However, once again, this is not out of the ordinary for an asset in the cryptomarket to remain oversold for this much time during a bear market. Bears and Bulls Fighting One Another For Turf There is probably no picture that greater epitomizes the struggle between the bears and the bulls as this one: Here you can see: 1. RSI moving sideways. 2. Last two candles are clearly doji’s, which are indecisive. Conclusion I'm long obviously. We'll just have to see what happens.
BITFINEX:BTCUSDLong
by librehash
3
Bitcoin Bullish Sentiment has Faded. Most probably going down.Bitcoin's bullish sentiment has faded and although the bears are exhausted identified by the daily bullish divergence that occurred on the double bottom, the bulls have not been able to show true strength and take advantage of this moment, in this image I have made all of the supports green the bigger supports a thicker green bar. The price objective of the light blue pennant is somewhere in the low 5000, it is possible that bitcoin stops at one of the supports but I suspect that bitcoin will be going down in price soon even if there is some upside movement because the volume is low and now the bears have recovered enough strength to go down. Although there is still possible movement to the upside, bitcoin has lost its strength and it is unlikely that an inverted head and shoulder will occur, however, this is still a possibility it is just un likely. My technical analytical skills are currently limited and I do not see any patterns currently that allow me to determine the next price objective. Best of Luck Trading! Key points: 1.) Bullish sentiment is fading away, as price move upwards volume is decreasing. Bulls were not able to capitalize on the bear's exhaustion. 2.) The inverted head and shoulder is now unlikely to occur, for the bullish inverted head and shoulder to occur there needs to be strength around 6250. <= Now less probable 3.) A movement to lower lows is now more likely, however, it is possible that there are stops along the supports. <= most probable. Last Analysis:
COINBASE:BTCUSD
by CuddlyCuddles
A cautious approach: BitcoinIf you get benefit then please Like/Follow the post . Rsi must have to come down in order for bitcoin to jump further high... with RSI this high its very difficult for bull to maintain power....As we can see that right now RSI is very sensitive to price movements, it must get rid of this, which is an indication that either we will be moving sideways for a day or two for 4h RSI to calm down to atleast 50-55 or btc is about to drop again.Every single resistance above is different times historic bitcoin ressistance/support of 2018 and making different patterns. In my opinion we will be moving sideways for RSI to calm a bit.
BITFINEX:BTCUSD
by Crypto_Leverage
2
Bitcoin Cash Decision Time! What Way Will It Go?Bitcoin Cash Has Been A Favorite Of Mine To Trade In Recent Weeks, Now We Are Getting To The Point Where The Market Is Trying To Decide What Direction To Go. Highlight In Green Is Our Bullish Ascending Triangle, Bitcoin Cash Will Have To Decide What Way It Wants To Go As It Draws Closer To The Apex. A Break Up Will See Our First Target Reached Fairly Quickly, But A Break Down Will Have Us Ranging In The Grey Area Highlighted, A Must Hold Area If Broken Will See Our Reversal up Trend Void & Most Likely Going Back To Retest The Reversal Low. Follow For Updates This Is Not Financial Advice
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by CryptoFeed101
BTC/USD losses nearly 5% in the past 24 hours The general picture on the Hourly chart demonstrates that Sellers still have control of the situation. The price is close to the midterm descending trend line. BTC/USD is likely to develop its downside progress in the midterm as there are no signs of a global reverse. The currency pair establishes new local lows. The correction towards the higher border of the Fibonacci retracement seems to be ended. Let’s have a closer look at what is going on within the Fibonacci retracement indicator. The price has chosen a bearish scenario and declined below the 1 retracement level. Bitcoin has lost nearly five percent in the past 24 hours. The currency pair is below the midterm descending trend line meaning sellers have full control over the market. The possible scenarios for BTC/USD are the following: 1. Bullish scenario (nearly 60% of probability). The currency pair will run upwards to test the descending midterm trend line and higher, towards the 1 retracement level, which coincides with the support area at $7,948. If successful, bulls will be able to drive BTC/USD even higher towards the next 0.786 retracement level and the closest resistance area at $8.137. 2. Bearish scenario (nearly 30% of probability). The currency pair will resume to decline from current level or after testing the red midterm descending trend line. The closest target is the support area at $7,816. The next will be 1.618 retracement level. However, we will have another support area at $7,739 on the way. 3. Neutral scenario (nearly 10% of probability). There will be no significant changes in price today and the price will stay close to the current levels. The first bullish scenario means a deeper correction that is likely to happen as Bitcoin has suffered significant losses in the past 24 hours. Read the whole review here .
COINBASE:BTCUSD
by CryptoComes
Storm Brewing Before a Bullish Catalyst Consensus 2018. A catalyst filled with rumors, hype, news, and demand. Sideliners fill finally pull the trigger, word will spread, there is no stopping the cryptocurrency train. We actually had tons of strong news about Crypto and Bitcoin lately that is bullish. I will be looking for price action buy signals near my blue horizontals. Will ride the trend up to my orange lines and see if we can break that 10k barrier. Trade will be nullified if we break the lower 7000s and ruin the bullish bias from April. Hang tight and lets see where this year will take us.
COINBASE:BTCUSDLong
by TradeRepository
5
Watching for another BTC saleThis is my price watch, if it breaks out of the box, hold on to your shorts. Laterally, there will be some expected gain, if it drops, It could hit the orange price. If it goes sharper than the orange price, then we could be headed for the red zone. This is not bad, it would indicate a sale on bitcoin. I love sales. If we get another blood bath, I will accumulate some more coins. If it climbs out of the box, I will take a little out and hold it for a red day again. This is just for me, so if you are reading this as your financial advice, you are crazy.
BITFINEX:BTCUSD
by jjhotfingers
Bitcoin BTC - The Way Out BTC again entering the Ichimoku cloud which although seems to be weakening, the thickness strength & 200MA are adding pressure downwards towards the path of least resistance, so without Volume (Both 24hr BTC/MC 33% drop and counting) trader's wont be likely to have the price action to break the cloud. Ichimoku appears to be consolidating sideways so its quite conceivable the support crossover will be the most likely position for the reversal trend upwards, not to say attempts to break the cloud wont be made before this point but they will require Volume, large price action due to level of resistances. There is evidence of a herd (Korean Alts, new announcements, social trends) so a possible push through Fibonacci (0.618), although the likelihood is it will be rejected without purposeful price action. Take notice of the trend line with the 200EMA as support below to ramp up volume and push through Fibonacci (0.618) up towards the physiological $10000 Flat top of the Cloud shows large resistance $11700, $12500 & again at $13000, shorts will occur, don't get caught, accounting for this it seems quite a journey ahead. Buyer seem to have control atm but short term supports has the price encircled within range of $8800 - $9200. The bullish signal of the price making a clear break through of the cloud of resistance will be the beginning of the long awaited uptrend should begin. BTC is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSD
by CerealTrader
Bitcoin Is Going To Hit 11k$.After Finding it's resistance at 9729$ ,it came down to it's supporting level 8652$.Elliott wave pattern is showing that it's going to hit it's next level at 10.5$k-11$k.If It Hits according to 127% Fibonacci Extension, it will be a good news for the crypto market.Good time to buy it at 8.8k-8.95k$ today. Disclaimer: Everything written here is for discussion purpose only and should not be taken as advice to invest your capital.Always Speak with a professional financial planner or advisor before making any investment decision.Never make a trade based on what you see here.Your capital is at risk in cryptocurrency trading.
BITFINEX:BTCUSDLong
by Crypto-Wind
Bitcoin BTC - Supports/Rise & Alternate Routes Looking at the Ichomoku "double settings" we can see the attempted break through Ichimoku was rejected at Fibonacci (0.618) with profit taking forcing BTC to slide along the Seknou (green line) wedging itself between the 200EMA, rising support & Fibonacci (0.382). MACD shows its ready for slight cool off but overall, volume/rally would over come this and push higher. RSI is in the region of becoming overbought and has dropped accordingly and remains below this years average 60, currently at 55 but the whales have pushed above 80 previously and should better aligned with trend/volume/signals. These would be my critical points: 1 Drop in price towards last channel support, < $8700 - 200EMA (red) will provide mid level Fibonacci support at this point as it has recently done also converging with above channel to strengthen & historically to break the 200EMA, large volume is needed, in this environment, possible. Under this, Fibonacci (0.382) and Ichimoku "Double Settings" would seem to provide an alternate, although longer route upwards $7800, trading around these Fibonacci levels would not be advised in current environment. 2 Fibonacci Level (0.382) support consolidating sideways price action leading to alternate Ichimoku route or shorting resulting in the test of lower (0.236) $8400 - During the alternate route The 50MA would turn +ive with early bull rally of April...last time this scenario came up, the price was dumped to delay the 50/200 cross. Remembering large buys initialised at $7000, this would be a conceivable bottom or higher depending on market conditions/volume, but would expect the 50MA and Fibonacci (0.236) to strongly protect this level. 3 Pattern analysis previous post "Bitcoin (BTC) - Symmetrical Pattern" - Rise upwards within the green ellipse, would require using the channel support/200EMA to bounce, encountering major profit taking on the way up although reducing the higher BTC goes. Thoughts: Taking Bitcoin as an asset or commodity (at least a commodity within Cryptocurrency) will require working product (low fee, fast transaction-end of year) and/or low volatility, but is there a better business model where the community do the work to upgrade your tech....for free (less so with alt coins) also profit taking/volume of this size is unheard of lately......so is the heard is back? this seems plausible as Korean alts still strong, (EOS,TRX,QTUM,ADA,XPR,BCH) all largest 24 HR volume. Scary thing seems Tether still lingers. BTC is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSDLong
by CerealTrader
3
BTC Ready to Break Daily Looking at the trend timeframe we can see momentum is starting to head towards the upside. Last week we experienced a push from $7,000 to $8,000, although price has shown signs of continuing to drop we have managed to hold at the $8,000 support level. A daily candle above $8,350 and we should see extension towards our $10,000 resistance. 4Hour Shifting over to our pattern timeframe we cans price has activated our first trad w/ a break and close above $8,125 on the 4hour. Next entry is a close above $8,350. Hourly Finally looking at our trigger timeframe we can see price is starting to break out of our ascending wedge on the hourly. Waiting for a close above our $8,350 resistance.
COINBASE:BTCUSDLong
by UnknownUnicorn2434649
Bitcoin BTC - Sentiment Change or Trap & Alt CoinsIt seems a change in sentiment might be initializing as we see a change from sharp jagged rises (circled black) it can be seen as positive or negative depending where your portfolio lies i guess. Time is Bitcoin's friend at the moment as it provides the ability for technical analysis to "catch up" and turn positive. The previous February rise I saw as more sustainable steady growth but at present TA adds alternate layer of support, which should become profit sell resistant as momentum grows along with price and volume, these terms seem to be too closely linked lately which needs to be watched closely as can change on dime. I would say the Tax Drop had priced in already and the rise in Alt coins after the date would be indicative of this. If we apply Fibonacci Retracement levels on the current price action showing aligned correction areas (dark horizontal lines) TA indicates the uptrend gaining momentum in which would naturally lead to larger volatility hence profit taking and larger losses, its all a matter of risk/time span of trade in this environment as seems pullback is inevitable but TA cant predict whale manipulation. Looking at supports within supports, the 4HR 50MA will act as support heading upwards but will only need loss of volume or profit taking to drop below and bring the 100EMA into play, this support has been difficult for BTC to stay above and usually needs large volume to onset the price drop. Below this we have the Weekly 50MA which has proved to be quite resilient in its bottom base level support, as it is moving away from the 200MA quite rapidly leading to the path of least resistance upwards and strengthening the chance the uptrend could use the Weekly 50MA as support before commencing. Bitfinex, seemed to initialise the price jump which isn't the most trusting of exchanges and ill leave it at that. I would see profit taking at points along downward trend line but this unpredictability means it is difficult to analyse whether these dramatic gains signify an upturn on previous spikes. Volume/price quickly weakened on previous attempts although this time volume is holding. Alt coins, first sign of alternate reversal is speculation, Verge (pornhub announced) Vechain (partnership with the world...they have a lot partnerships), Ripple should be announcing soon, which have been holding off and seem to think markets ready to absorb. Although the reversal wont be successful until it re-enters the green upward trend which investment know, and believe they will be the stepping stone to full reversal. Alternate Thought: Seems the Cryptocurrency Market isn't strong enough yet to withstand a Stock Market crash as Gold, Fiat maybe Bonds seem best bet in this scenario, I believe the market needs working product to become a safe commodities in these times and this would probably be Nano as they have pretty much finished what the intended purpose was, a simple digital currency with scalability or by the end of 2018 BTC as lighting network (Sigwit V0.16 needs to be market adopted first) bulletproof, increased awareness will all be released in Q4. BTC is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSDLong
by CerealTrader
Bitcoin BTC - Fate Decided In 24HRSJust a thought more then directional analysis: Using the Weekly to find support levels as below $6000 being untested for the short-mid term, The Weekly 200MA seems to be the strongest Moving Average support, as attempts to break have resulted in "short term" reversal with intended volume, this a positive sign showing traders are anticipating double bottom or slightly above as the trend line rises away from the downward channel, this does not mean Bull capitulation wont result in a lower low, e.g $6000 but we will see increased price action one way or another as this cross-over forces a direction. So where is BTC going to end up? Within the next 24hrs will go along way to determining the direction BTC will delicately tread over next few months (layers of resistance above, break in clouds at $11500) Black dotted line in above graph shows a path which leads to potential breakout from the downward channel hence the giant leap to confirming a reversal..............Yes I put it out there. 24HR volume > 7 Billion is needed to for the Green arrow to initiate however the longer BTC price maintains above Weekly 50MA and the Trend Line, the more prominent the gap becomes instilling this position. 4HR 50MA will become variable in this scenario later within the week (rise above or added pressure to force price lower, market conditions would most likely determine this) Convergence support of the Weekly 50MA and Trend Line will help but without volume increasing (would like to see 24Hr 8-9 Billion) and being that BTC has fallen below these supports previously, we are likely to see capitulation to lower support (W50MA/Trend Line/$6000) BTC 24HR Volume seems to be problem as lately its been limited at 7 Billion in moments of trend reversals, its possible $$$ have been waiting for trend reversal to mature before entering, this scenario would dramatically raise volume and add pressure for price reversal although I believe BTC may have to fend for itself to $11500. P.S Recent trading on Bitfenix show large bot action limiting price action while holding off tsunami of Sell Orders, would be interesting to know why? Is it, short BTC, which is risky as indicators have evolved yet, although low volume means price manipulation with least resistance downwards or a sign of net-longs appearing. Futures CBOE (14th April/CME 27th April) Looking for decrease in open Interest/Positions (previous post "Bitcoin - Analysed From Future's Traders View") in which CFTC statistics released tomorrow, could indicate short sellers are reluctant to enter market and net-longs have liquidated positions from $10000 - $12000 (margin requirement of 30 percent CME) which will slow/stop the downtrend. CerealTrader BTC is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSDLong
by CerealTrader
1
Bitcoin - Bear Flag 1HR Still A PossibilityWe wont know if we have a established bearish flag pattern on the 1HR until price breaks outside the lower flag channel. At that point, possible trades with stop losses above the upper flag will provide a low risk exit. Low volume, Fibonacci Level $8000, StochRSI Currently oversold @ 80, are aligning to force prices down although the RSI and MACD have room to play and may prolong the flag pattern hence breaking down the formation. BTC is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSDShort
by CerealTrader