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Bitcoin-usd

BTC Bear Flag - Possible Reversal?If you've been paying close attention to the charts at all (and no, not in 15 minute), then I'm sure yesterday you already noticed the bear flag that is solidifying. Hopefully some of you were even able to make a nice short play yesterday and increase your stack, as I did. For those of you that missed out because of Binance.. well, sorry for your luck, but here's the thing.. It's starting to look like we may get a similar play today. We're seeing volume increase before the pending Lunar New Year, and right now in this bear flag the market is bashing it's head on 8500USD again. I personally do not expect this to breakthrough up, and that the bear play will complete again and drive the price back down to 8000, or sub. The more this happens, the more tired the bulls are going to get, and -on a whim- we could see the fractal complete and the market bottom again around 6k. This is all purely speculative though, I would not count on it. There is a good chance for a reversal though if the bulls keep pushing. If they can break 8500 again and hold, we could very well see a shift in the market. Volume is increasing, MACD on the 1 Day is off of a touch by a hair and threatening to crossover, and the market emotion seems to really want to force a change. Again, I personally don't expect this to happen, I think the bears will win the flag again, but I will be far more cautious today and won't be making my trades until I feel assured that my assets are safe. Stay safe, gamble smart, and be a little less greedy then the next guy my friends. Have a good day! - RECT *** Don't take my word for it, I'm just a rookie who studies a hella lot***
BITFINEX:BTCUSD
by RECTmetal
1
Bitcoin heading towards $5,000Cryptocurrency market remains under a heavy pressure facing strong headwinds from global regulators and authorities that are taking a tougher stance against the “volatile and dangerous” market day by day. Bitcoin price briefly slipped below the $6,000 mark on Tuesday, down to fresh mid-November lows in the $5,810 area, -14% on the day. The current fallout in cryptocurrencies is exacerbated by a widespread panic in the global stock markets amid rising bond yields and inflation expectations. This risk-off environment discourages the risky digital assets even more, especially now, when the market is so vulnerable under the regulators’ pressure. By the way, it looks like the Chinese authorities are intended to eliminate cryptocurrency trading in the country completely. In particular, the Central bank decided to block access to all domestic and foreign cryptocurrency exchanges and ICO websites, on top of that the China has already banned bitcoin exchanges and ICOs in late 2017. In such conditions, further signs of furious crypto crackdown will likely make bitcoin and other digital currencies extend their losses before they find a bottom. Now bitcoin is in a striking distance of the $5,000 support which could temper the bears a bit and open the way for a short-term consolidation. A slide below this level will open the way to $3,500. On the other hand, the current low levels may attract some buyers in the $6,000 region and ease the immediate bearish pressure on prices.
BITFINEX:BTCUSD
by HelenRush
Bitcoin: another stab in the back Cryptocurrencies continue to retreat at the start of a new trading week following sharp losses on Friday, with bitcoin is trading dangerously close to fresh November 24th lows below the $8,000 threshold. Any attempts to regain the upside potential face strong headwinds amid the never-ending woes in the volatile market. In another blow for bitcoin, major US credit card companies have banned cryptocurrency purchases with credit cards in an effort to decrease legal and financial risk. These banks are JP Morgan Chase, Bank of America and Citigroup. Citing the same reasons and crypto market volatility, the UK banking giant Lloyds Bank has also banned its credit card customers from buying cryptocurrency. Many institutions threatened to restrict some operations with digital assets before, but the real steps by the leading banks with a huge customer base can’t but further reduce the appeal of bitcoin which is particularly vulnerable lately. From the technical point of view, the key on the upside in the $8,000 mark as its loss triggered even a more aggressive sell-off on Friday, and now this level is the immediate local resistance. Should the price regain this barrier, the trader focus will turn to $10,000 again. However, in the short-term, the downside risks continue to prevail, and failed recovery attempts signal that investors are not ready to buy bitcoin yet. Therefore, the next bearish target is the $7,500-$7,200 zone.
BITFINEX:BTCUSD
by HelenRush
Bulls having a hard time defending 8kYesterdays bounce was anything but spectacular at 38.2% fib and after breaking a long term trend line. A pull above 9 thousand however unable to recover horizontally, it looks like bearish momentum might drag it lower. I dont believe this correction to be over yet. When and IF the price reaches 6-7k, people might start fear selling, as is only natural in such a market. That being said It could form a double bottom at 8k and return to possibly 10k and recover above the trend, however I think its unlikely. regardless of what happens midterm i think that short term is still headed for lower lows.
COINBASE:BTCUSDShort
by MysteriousPersian
Bitcoin BTC Fibronacci Technical AnalysisThis analysis is a "Fib.-trifecta" combining a retracement, fan and spirals. I actually had to calculate the next Fib. level by hand. I don't think trading is usually this extreme, but hey, this is crypto! If we break current support, the next support level should be aound 7,200 with a likely range of 6850 - 7,540 per the Bitfinex pricing. If this happens, I think this will be the end of this very strong correction and we should get a major bounce up and out of this falling wedge. Let's see what the King has in store for us this weekend.
BITFINEX:BTCUSDLong
by WarDaddy
2
Bitcoin correction is not doneWe are looking 4 hour chart. If you take look in short-term it might look the correction is done but when you take a look to the long-term charts you can see we are bottom in the long-term descending channel which means that on a short-term we are likely going to experience pull back somewhere between 11 000$ or 12 000$ Down-tredn will now slow for a while because we can't go below 30 in RSI on the daily chart. 200 SMA is also likely going to make resistance zone to Bitcoin. I will post some short-term analyses below. I hope you like this and before you do anything I want to say I am not a professional trader, I might be wrong and this isn't financial advice. Comments and feedback are greatly appreciated, I will read and answer every comment because they are important to me :)
COINBASE:BTCUSD
by Samppa290
Bitcoin: $8,000 is the next target Following the recent consolidation phase, bitcoin has suffered huge losses this week. Amid a growing list of factors weighing on the cryptocurrency, the price dipped below the key $10,000 support which triggered a more aggressive sell-off. As a result, the asset has cracked below $9,000 for the first time since November and moved to the lowest levels since November 25th around $8,300. The digital currency has sunk into the mire of negative news lately. Traders perceive every regulatory blow quite painfully and don’t see any bullish drivers in the market. In addition to the recent news on Facebook that is going to ban ads for ICOs, the lingering “bubble” concerns, fraud fears and signs of heavier regulation in South Korean, India is said to be mulling increasing regulation, while in China, bitcoin ads has disappeared from social media. At this stage, the policy makers’ and regulators’ stance, which is getting more and more aggressive, is consistently taken by investors as a sell signal. But in the longer term, the current regulatory crackdown looks necessary for this messy market to survive. Since bitcoin has breached two psychological barriers, there is a high risk of testing the next “round” $8,000 level. Moreover, the digital asset may go even lower, before finding a bottom.
BITFINEX:BTCUSD
by HelenRush