Bitcoin Finally Rises!After seeing BTC/USD struggling to break out of of the correction, we finally see a breakthrough. This is a short term idea, hopefully it'll turn into a long term.
BTC broke out of the cloud yesterday night and it seems to have a very strong bullish signal.
Resistance at :
$16600
$17394
$18469
$19780
We may see new highs soon.
Bitcoin-usd
BTCUSDT-Anything can happen!BTCUSDT stands in No Trade Zone. Anything can happen big up or down to 10K. In 4H chart it seems like it is H&S formation with potential downtrend. Historically BTC moved up during these situations but here it is difficult to say what can happen. I will post 4H chart below
#Vertcoin #BTC #USD Daily Charts - Bargain prices I say!Bitcoin just had what I could call a correction with a drastic price drop. This made the Vertcoin price dropped to what I think it's a bargain price relative the to the $8 range that the floor was being built. I think that once the markets recover from that btc price swing, vertcoin will eventually get back to the $8 floor.
BTC/USD - A MUCH NEEDED CORRECTION - READY FOR NEW HIGHS?An almost perfect flat correction, with a hammer candle on the Daily TF right at the level of the A leg is a clear indication that BTC could be getting ready for a new set of highs
My personal details:
Long @ Entry: At market, SL: 12000, TP: 20000
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.
Bitcoin looks attractive againBitcoin was bleeding for three days in a row and has fallen almost 20% from record peaks on the approach to the $20,000 handle which was almost reached on Sunday, when CME Group launched bitcoin futures.
The recent aggressive sales of the digital currency were due to another hack attack on a South Korean crypto-currency exchange Youbit which subsequently decided to file for bankruptcy after 17% of its assets were stolen. The exchange offered trading 10 cryptocurrencies, including bitcoin.
Meanwhile, negative statements from the Asian authorities added fuel to the flames. In particular, Japanese Finance Minister Taro Aso said that bitcoin had not been proven as a credible currency, while the central bank of Singapore issued a warning against investment in cryptocurrencies.
Another reason behind bitcoin’s unlucky streak was the news that Coinbase is launching bitcoin cash trading, which immediately sparked speculation on the threat of migrating bitcoin users to bitcoin cash.
Nevertheless, after reaching a one-week low at $15567 earlier today, the digital currency attracted buyers and got back into positive territory. Now, when the bulk of these short-term negative factors is already priced in, the asset looks interesting for opening longs again, though in this market there is always a risk of abrupt price moves
IOTA's big sexy bull flagLook at this big sexy bull flag forming on the IOTA/USD chart!
The green dotted line represents what was one possible formation of the bull flag, but we broke through it, so the green solid lines represent the next formation. ABCDE represents the elliot triangle waves, 12345 for the elliot impulse waves (who was this elliot guy?!), aligned with fibonacci extensions to give us our target of about $8. As usual, extensions are possible. The first would be $13.
I could see this break out to the upside a lot sooner than I charted, but it looks nicer this way.
If you want to buy at the bottom of the flag, you'll want to place a stop loss a little below the flag in case it fails. At least keep an eye on it. Otherwise, you can wait for it to break out and then buy it when it comes back to bounce off the top of the flag.
I'm a novice chartist, so I may not be doing this exactly right (let me know guys!), but it would be very cool for me if this plays out.
Note on IOTA fundamentals:
Recently there was a lot of talk about how IOTA partnered with Microsoft and a bunch of other companies. They're not actually partnered. Microsoft IS, however, working with/testing with IOTA. This shows that these guys are getting sh*t done. I'm also a big believer in the power of attractive logos and websites, and they have both.
Good luck!
BTC Bitcoin - absolutely no reason to sell Morning
I bought into the coin at 11,200 through a fund.
I don't pay a huge amount of attention to the fundamentals, as the technical market gives everything away.
Fibs have been useful in the past but until we see a clean break to the downside there are several layers of support which the market is enjoying. Most notable is the horizontal line at 18,146 which was resistance now turned support.
25k next?
DMD Rising Triangle | Bullish to $30Note the main triangle formation - I'm bullish on this particular pair.
Will be updating this in the near future.
#Bitcoin 4h chart - Possible pullback and expected support levelAfter this big run, it's expected to see a big pullback... everyone has been waiting for that big pullback... I guess it's now, hit the 17K top and any new floor bellow that is a good floor overall.
I guess the idea behind this big push was just this, to take the price to a level that once it started to pull back, in worse case scenario the price would go down as low as 10k. This will be the next floor for the next big push... (if it reaches 10K)