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Bitcoin-usd

BTC- Symmetrical Triangle on H4 - Price Still Looks Bearish - 8kPrice is testing the bottom of a symmetrical triangle, and is getting close to breaking out. If price breaks down, we will continue to head towards the bottom of the trend-channel defined in 2017; $8000ish. If price breaks-out the other way we could get a rally to the top of the bearish channel and 13k resistance before continuing towards 8k. A better look at the triangle on the H4, currently holding above bottom trend-line Here's the idea from last time, the move towards 8k is still valid. The weekly chart looks very bearish still, you can see the ascending trend channel better on this chart.
BITFINEX:BTCUSD
by FxDollarZz
Monero continues its downward trendXMR has been moving up and down quite a lot within its downward trend, with wednesday striking as low $235. Considering the MACD is indicating an upcoming uptrend, we might see another push, which I expect to be VERY short-lived. We have a death cross (red arrow) forming as the 50 EMA (blue) is moving down below the 200 EMA (green) which generally indicates a VERY weak trend. Additionally, ALTs are suffering directly from BTCs downtrend. Since Bitcoin has not hit its bottom yet and is very likely to go for another run at the $9,2k support pretty soon, we can expect XMR to move similarly, going as low as $235 again. My buy order will be at around $235, where I expect XMR to bounce back up. (The lower trendline (black) will be a very strong support) Anything can happen however, which is why we should keep an eye on both BTC and XMR movement and stay adaptive with our trades. Summary: XMR is very likely to hit its previous low from wednesday again, which is a strong support level and therefor makes for a good buyzone. Note: The blue arrows neither indicate any timeframes, nor any exact price levels. Their only purpose is to show general movement. ------------ This is no financial advice and only for educational purposes.
BITFINEX:XMRUSDShort
by Ladywalker
4
Asia entering the market again soon - could go both waysWe've seen a failed retest of the 10k support und bounced up to 11,2k. The next movement will come within the following hours, as asians are entering the market again and we might move above the 11,2k zone or get a dump and retest the now even weaker 10k support line. I recommend staying calm and waiting out further movement, since this one could go both ways. There's most likely not enough volume to get above the 12k for now, so another retest of the lower 10k support seems inevitable in the next few days, regardless of asias next move tonight. As for now, we're still in a bearish trend and won't breake the 13k support at least until the end of january. There are two possible scenarios right now. 1. If we get a pump from asia, we will probably go to 12k see another bounce down from there, which is where I'm putting my sell orders in that case. Since I don't see any way of us getting above the strong 13k support line, this trade might come in quite handy for us, because not getting above 13k would also mean bouncing down again to at least 12k (where we sold). 2. However, getting a dump from asia in the next few hours could lead to a serious retest of the 10k zone with the small possibility of peaking down deeper for a double bottom at around 9,2k. I do not recommend lowering your position if we are digging down tonight, as it is unclear if we actually get below 10k on the next retest. We should then hold what we got and increase our position by buying between 9,2k and 10k. That is because an extended move downwards(breaking even below 9,2k) is HIGHLY unlikely (at least for now). Note: We do NOT want to move below 10k entirely before 26th/27th of january, because that might open us up to a lower low once the CME futures expire at that date. Such a scenario could get us below 8k and therefor into a state where we definitely do not want to be (unless we have some FIAT available obviously). If you're inexperienced, your best move might be watching and learning from this huge correction and only trading in very small portions of your portfolio. Again, this is a very volatile setup for us and unexpected price movements could leave us with unnecessary losses. ----------- This is no financial advice and only for educational purposes.
BITSTAMP:BTCUSD
by Ladywalker
Bitcoin [BTC] Deeper Drop To $7800Around Fibonacci level 1.272 we have a huge support. When we reach this area, it is a good time to buy Bitcoin. After that we have huge oppurtunities like holding Bitcoin until new highs or switching to altcoins at very low values. This is a huge chance for everyone to take good profits out of this ''crash'', which is for me a correction. When you make good experiences with huge corrections like these, you will start to love them! After that, you can expect huge $ALES. ---- Good luck
BITFINEX:BTCUSDShort
by E-55
BTC/USD - The Asian whales effect on the Bitcoin market pricesHello my friends, with this example I will shortly explain why many famous and very successful analysts fails to predict the cryptocurrency markets. They do not take into consideration the asian whales. There are tens of examples about how the market goes into a direction every day at same time and stops its direction after 12 hours. The vast majority of the marketcap from all the coins are in China, Korea and Japan. We used the chinese time in this chart to show how they dictate the trend. Now we have a downtrend and ANY prediction based only in charts positions by now is useless if the analyst did not take it into consideration. That is how we made almost a million dollars with Tron (TRX) two weeks ago. That's how good crypto analysts can predict the market and know WHEN to buy and WHEN to sell in a market that seems to be so unpredictable. It is not. Wait few hours and check if the trend after Japan, Korea and China wakes up (in this order) will be up or down, and you will know which move. Unfortunately if you are in Europe like us, you will have to wait till 1:30/2:00 AM to start seeing the trend of the day. The western markets rarely have power to revert the asian trend and generally it keeps the same direction . Our tip is wait to make a position (buy or sell) in Bitcoin/USD (or USDT) market .
COINBASE:BTCUSD
by CryptoGoldenBull
3
BTCUSD_Bullish_But expecting the worst and being thankful!Markets move in the correct direction with as few traders as possible. Knowing that BTC is going to trade as irrationally as possible. Price is expected to retest the lows. Reversals anticipated. This bull flag looks way to obvious. Usually when formations look this good markets become as painful as possible. I expect price will flush out traders before moving higher. There is historical evidence of price setting up bull flags and moving in the opposite direction initially then moving in the right direction. So we are going to try and get the best entry possible on the fake out. 36 bars/days seems to be relevant in other posts even in different context of what I've drawn here which is very interesting. Excited for what this formation could hold! Post your opinions! IF you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Binance data shown. This is NOT investment advice.
Long
by UnknownUnicorn981629