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Bitcoin-usd

BTCUSDBitcoin has had another struggle this week with the price falling back to this week’s low ahead of the weekend.Upside remains limited with resistance around $9,260 acting as a strong barrier, while the downside target of $6,000 remain intact after BTC broke the 78.6% retracement level at $8523. The stochastic level has also turned lower from its current extremely overbought level, leaving further downside on the cards. Bitcoin is also in the process of forming a very negative ‘death cross’ formation which would add extra credibility to calls for lower prices.
COINBASE:BTCUSDShort
by FxGalaxyPremium
An excellent opportunity to buy in BTCUSD. Don't miss it.Trading suggestion: .We have already opened Buy trades, trade setup is drawn on the chart and shows entry and targets. .If the Midterm level 6000.00 is broken, we will close these trades. Midterm forecast: .While the price is above the support 6000.00, resumption of uptrend is expected. .We make sure when the resistance at 11600.00 breaks. .If the support at 6000.00 is broken, the short-term forecast -resumption of uptrend- will be invalid. .We will close our open trades, if the Midterm level 6000.00 is broken. Technical analysis: .Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. .Relative strength index (RSI) is 40. Take Profits: TP1= @ 9180.05 TP2= @ 10688.25 TP3= @ 11600.00 TP4= @ 12670.65 TP5= @ 15308.00 TP6= @ 17095.65 TP7= @ 19704.20 TP8= Free
BITSTAMP:BTCUSDLong
by ForecastCity
10
BTC/USD Correction/Bear ScenarioThis is how i feel about Bitcoin: We are currently in an ABC correction of the previous 5 wave structure. We have confirmed the bearish count as we have a clear B wave Currently on C wave (looking for our 5 subwaves) Using fib extension from AB and subwaves, my prediction for C wave is roughly $6200-$6500 My prediction of C wave (SW 5) also has confluence: 1) An extension of 100% from Waves A+B for C 2) An extension of 261% from Subwaves 1+2 for 5 C SUBWAVES: W3 looking to bounce around the 161% level W4 looking to hit around the 38-50% range W5 looking to hit roughly the 261% level
BITSTAMP:BTCUSDShort
by nickd534
BTCUSDThe price of Bitcoin seems to have trouble continuing to rise above the broken resistance. This signals that sellers are still very strong and can push the price down to lower levels. Technical indicators are also reflecting a slowdown in optimistic pressure. The moving average of 100 periods is above the moving average of 200 periods, indicating that the path of least resistance is to the opposite side. However, the difference between the moving averages is decreasing, weakening the optimistic moment and showing a potential for a crossing of the means. These moving averages are also close to the area of interest at around $ 10,000, increasing their strength as resistance. The price of Bitcoin may fall to the next Fibonacci extension or the 50% extension at $ 8,176.8. The extension of 61.8% is US $ 7,775, so the extension of 76.4% is US $ 7,278. The total extension is US $ 6,474.
BITFINEX:BTCUSDShort
by FxGalaxyPremium
BTC/USD -> POTENTIAL BUYING ZONENote that on a candlestick chart the price has already touched the $5857 level but I still expect BTC to come down one more time to retest it and give a bottoming formation which will most likely trigger the upside move. My personal details: Long @ Entry: $4632-$5857, SL: $3210, TP: $10000 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
COINBASE:BTCUSDLong
by Aqua_Trader
BTC - Next stop 3k!Bitcoin seems to be in its final and fifth wave down. Since this is no longer a correction, but a bearish downwards momentum, the fifth wave of the Elliott wave principle in combination with fibonacci, dictate that the bitcoin price could go as low as 3k. -At this point, the RSI is oversold, a retracement will happen in the upcoming days (also based on MACD). -Market will continue its decline towards its previous low of approximately 6.2k USD. -Price will bounce from this level and again retrace. -Final leg down will end between 3k and 4.5k USD. Disclaimer: This is of course over a very long term and will probably not happen exactly like this. I do believe BTC will head towards 3k-4.5k levels but how long it will take and where exactly retracements occur is very uncertain.
BITSTAMP:BTCUSDShort
by DeWit
4