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Bitcoin - Golden Cross/Death Cross/Every-CrossTook both the 50MA/200MA & 100MA/200MA within 1hr, 4hr & Day time-spans. Assigning valves to each 50MA/100MA/200MA. Extremes such as DAY and 50MA/200MA cross-over indicate longer term views decreasing likelihood although registering a more powerful indicator in place as the 1hr & 4hr fluctuate positive/negative multiply times within the DAY cross-over time-span. Golden Cross - Yellow dashed arrow. Death Cross - Red dashed arrow. Green Line - Positive view including corrections on drops , dependent on volume. Black Line - Negative view only correcting on bottom. Blue Line - Little or no price action. This isn't seen as future direction, I have other graphs published for that but shows how busy the current market is with TA ( I could include Flags, H & S....) BTC 0.85% -2.62% is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSDShort
by CerealTrader
4
BTC Update 25 MAR. HUGE critical area.Imminent approach to $8400-$8470 is coming for bitcoin. After that, it will enter a critical area of huge proportions. Basically it can go anywhere from there. Personally, I WILL stay as far away from that area as I can. There are three major scenarios at play here: S1) GREEN ELLIOT WAVE It will reach 8470$ and bounce back up 'thus confirming the GREEN EllliotWave Must barely touch critical area no. 2) S1.1) OR it HITS $8600 area and bounces dwon again,'thus forming scenario S3) S2) YELLOW ELLIOT WAVE HUGE Second EW to be made. Can start anywhere in critical area no. 2. S3) RED ELLIOT WAVE This might just be another ABCDE correction, which is forming a descending triangle. Higher bounceback area might produce a ascending triangle, but it would be too messy to chart. Also might start in critical area no. 2) S4) ALL ELliot WAVES FAIL. (highly unlikely scenario). And we are returning to $7300 S5) Not everything fails and yellow EW bounces back at $7800 to make a nice 3rd WAVE. (but I doubt this one as much at S4 ) Critical Area No. 1 is where the fun starts. Either will stay in triangle trend, or it will break to form Elliot Wave. Make sure to follow me here, for more updates on this chart.
BITFINEX:BTCUSD
by reynar
RSI confirmation. New 60 day BTC cycle has begun! Target 28k!$12600 support has held and our new cycle has begun! Yay! Take a look at the chart. With the extended consolidation, it became necessary for me to update my targets. This extended consolidation allows me to also extend my target(s). Notice I have two now. So, what is going on here is that it seems we are in a wedge. Elliott Wave dictates an ABCDE touch and then break out. However, some of the time (I do not know what the statistic ratio is? Maybe a comment warrior could help me out here), we will not experience the last wave. This is why I have two orange arrows pointing out of the triangle. We have two possibilities: a) Hit the top of the triangle and break straight out or, b) After hitting the top, we go back down, bounce off of the bottom and then break out. Because of the downtrending resistance noted in the RSI chart, I expect the latter possibility to become more probable. However, as often is the case, Bitcoin could surprise me again and just shoot right through. Revised targets are: #1 - Just short of our last ATH. Take some off here. #2 - $28,000 or the beginning of March, whichever comes first. Why the beginning of March you asked? Check out the cycles again. Notice we are right on queue and headed up again. This means, we should have about 45 days of uptrend movement before we start heading down again for the last 15 days of the cycle and right into mid-March. Always keep this cycle in mind. BTC is pretty consistent with it. Happy trading friends!
BITSTAMP:BTCUSDLong
by stewdamus
4
Using $tandard Deviation With BitcoinOur EMA (the blue line) is a great support and resistance line for an uptrend or downtrend in price action. We can use this to our advantage. After a bit of studying the price action, I found that during down trending price action, if one of the red candles deviates from our EMA by around $1000, it is almost always likely to jump back to the EMA. I indicate this with the yellow arrows. I found this method to have even more validity if the red candle does not start off by touching the EMA. I've found that using smaller time frames for deciding where to jump in is helpful. How do you know if Bitcoin is in an up or down swing? See my previous idea:
COINBASE:BTCUSDShort
by Tgreenfi08
Status (SNT): Possible 140% return!Hi everyone, Price has broken out and retested previous resistance (Green zone). We now have a good breakout-setup, where the market can reach the D-leg of a (possible) AB=CD pattern. Most likely, there will be some profit taking at those levels, before the market moves to the 1.618-extension of the AB=CD-structure. We might see another drop to the Green-zone, before breaking out! Buy the breakout of the descending trendline. - Trade with care
SLong
by Alireza_ITS
13
Bitcoin Heading North In The Beginning of The New yearBitcoin price printed a high of around $435.94 during the early hours of 2016. Despite the fact that the market’s bulls were successful in breaching the $431 level, which has been resisting advancement the past couple of days, price correction pulled the price down to a low of $427.17 a few hours after printing the day’s high. So, can we see bitcoin price rise to test the resistance around the 23.6% Fibonacci retracement level ($446.5) during the upcoming 24-48 hours? I detected a bullish reversal signal on the 1 hour BTCUSD charts from Bitstamp. Check it here:
BITSTAMP:BTCUSDLong
by tamersameeh77
Bitcoin Price and On Balance Volume (OBV)While it is well and good to create charts, monitor indicators and attempt to discern the direction of the Bitcoin price, it is easy to get buried in complexity and blinded by bias. That is why the On Balance Volume (OBV) is so valuable. You can read more about it by following the link below: www.investopedia.com Essentially OBV allows you to eliminate a lot of the noise from day to day volume movement and get a clear idea which direction it is headed in. Price and volume are highly correlated as you can see by looking at the chart. On the OBV, I have added a horizontal black line where OBV has clearly pivoted recently. OBV isn't going to help much in determining price so much as price momentum. Prices below the horizontal line tend to be lower (but aren't always) than the prices below the line. This is relative. For instance, you shouldn't apply this months back. You use it to look at more recent price action not to compare today to several months ago. You'll notice that OBV is below the horizontal line and has not moved dramatically lower. This helps explain the recent flat Bitcoin price. The OBV should also help - in conjunction with other patterns and indicators - when to buy or sell Bitcoin. For instance, it may not be a great time to go long Bitcoin since the direction of price isn't clear. Should the volume continue to decline, then price will likely decline with it.
BITSTAMP:BTCUSD
by TerryKinder
2