Bitcoin-usd
Bitcoin: A Bubble To Burst?Fasten your seatbelts, because this week there will be something interesting, including the OPEC’s meeting and the US and Eurozone’s inflation data.
Meanwhile, all the majors are keeping their ranges. The only exception is Bitcoin which has climbed to the new record highs. The currency skyrocketed to $9500 on the news that one of the largest South Korea’ commercial banks Shinhan is testing a virtual Bitcoin vault which is expected to be offered to clients till the mid-2018.
From the beginning of this year, this cryptocurrency has already added more than 900%. Of course, compared to Etherium’s +5000% is just nothing, but anyways. Today’s morning Bitcoin peeped into above the $9500 mark. We can see all the signs of a market bubble.
Of course, it may take a while for this bubble to burst, and we still don’t know the possible reasons. It will also may take a while before the market starts panicking and breaks into a run. What we see now is a growing popularity of the digital money, let’s say ‘crypto boom’. So, it will likely continue scrambling to the upside. The test of $10 000 mark is not ruled out, and we may see it this week.
Bitcoin USDPrice has broken through and closed outside of the triangle. Im not in this trade. Im just pointing out that people do and can trade against the trend of the market. For me BTC has to much volatility, which is usually a good thing! However we can clearly see people / investor groups manipulating BTC on a weekly basis. So in my opinion i don't trade against the trend on any crypto's. If this was the EURUSD i would be all over it. Even Warren Buffet wouldn't be able to manipulate the forex market.
Bitcoin hits new ATH $8288, where next? [BTFD] 1 Trillion MCap?As we reach a new fresh A.T.H of $8,288 we will re-examine BTC/USD on the 1hr Charts - we are now setting sail for the 1 Trillion mark Market Cap in 2018.....
Market Cap: tops out at $244 bn to push Bitcoin to the new highs, although the 2nd McapATH didnt create another all time high for bitcoin and now looking like it will break down
good support for alts too, in general the market as a whole is on the up
now, where does Bitcoin breakdown or will it continue its highs?
the chart reflects the downside of bitcoin if/when it breaks down, we all know a re-correction is due - checking the MA's and indicators to give us a clear signal first.
Have added the moon phases to the chart too
just a matter of time now, maybe the last major entry or so before the new year....who knows!!
some possible buy zones have been highlighted
Hammer Candle is my final shorting signal, the death cross if formed will nail this trade
happy trades!
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Buy in long term to BTCUSDPodemos apreciar las clarísimas 5 ondas de Elliot, y después la formación de la onda A y la B; espero un último movimiento bajista (Onda C) para después buscar una entrada en largos en el nuevo impulso alcista.
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We can see clearly that after the 5 Elliot waves, the price has formed A and B waves; I hope a final bearish movement (C wave) for then search a long set up in the new bullish momentum.
Bitcoin vs US Dollar - 1hr Cup &Handle to $8,000 and beyondBitcoin formed a cup and handle as well - keeping to recent channel but expecting the reverse like clockwork if the following plays out
bullish sentiments may take towards a new ATH or a double top
looking to short from the ATH and then long on the bounce, MACD is signaling over bought sentiments
put in channels for typical set ups, be great if it does follow this
this also could kill alt trading for a bit, BCH may tumble too
nothing is set in stone, lets see it play out folks
ty fr all the kind support and likes, plz feel free to share my charts over twitter and telegram, tag me in it and will follow and tag u to 4k followers too!
have a powerful day
BTC bounce at 6000 USDMy guess is that BTC will bounce at 6000 USD. I don't think that the bull run is over yet. As long as the price stays within the pitchfork we should be fine. A daily close outside of the pitchfork would be bad.
The Tenkan and the Kijun formed a c-clamp which signals that BTC was heavily overbought, and the correction is currently taking place.
6000 is the level of previous resistance. If it breaks, your best bet would be to set buy orders on the Kijun level. Which is currently somewhere around 5500.
BTC/USD simple technical Analysis with Target ProjectionMy Theory: I trade the Future since many years and do research about new Markets and their Mechanisms. The Crypto Market is a very new Market so the Possibility of similar Effects in the Beginning of the Stockmarket (19 century) are given.
Too make it short most of the simple stuff out of historical Trading, gone work for a couple of Years.
Let's see if I m Right ;)
Saludos Daniel
Bitcoin to "correct" to 4300 USD or even to 3700 USD ->Then UP !Bitcoin / US Dollar:
1) From July 16 to August 22, 2017: Rally from 1830 USD to 4480 USD, with a final correction at 3753 USD. Trend reversal (up->down) happened at about August 17, 2017.
2) From August 23 to September 15, 2017: New Rally to 4964 USD (so, JUST below 5000), with a final correction at 2972 USD. Trend reversal (up->down) happened at about September 1st, 2017.
3) From September 16 to October 15, 2017: New Rally to 5830 USD (so, JUST below 6000), with some signs of an actual correction (October 16, 2017).
I believe that the third rally is already finished and that we are entering a downtrend. So, I think that NOW is a good time to SELL Bitcoin.
What will give the actual correction?
I believe that the price will go down to 4300 USD, which is the previous resistance level and also a whole number in the graph (upper red line). It corresponds also to Fibonacci's level 38.2%.
It is possible that it will go even lower to 3700 USD, which was the older resistance level. It is also a whole number in the graph (lower red line).
SO:
NOW, WAIT FOR BITCOIN TO GO DOWN TO 4300 USD OR EVEN TO 3700 USD. I DO NOT THINK IT WILL GO LOWER.
THEN, WHEN THE TREND GOES UP AGAIN, BUY (AGAIN) BITCOIN. IF THE PATTERN IS RESPECTED, THEN BITCOIN WILL GO UP AND TOUCH A LITTLE BIT LOWER THAN 7000 USD OR A LITTLE BIT LOWER THAN 8000 USD. THEN, IT WILL GO DOWN TO A REGION BETWEEN THE LAST ACTUAL HIGHS (5000-6000 USD = RED ZONE IN FIBONACCI IN CHART).
One observation:
Trend reversals of BTC/USD seem mostly to happen in the middle of the month (except the downtrend that started on September 1st, 2017). I do not know if it is pure coincidence and I do not know neither the explanation of why this is happening. We should check in next months to verify if this a pattern. For the moment, I propose to keep an eye for trend reversals when we are approaching in the middle of a month!
Feel free to add here your comments and ideas!
Nick
Bitcoin: very probable to hit 5000 USD until next weekBitcoin is near an historic point now, at 4436 USD.
It beated 4422 USD (August 15) and, now, it's trying to beat the barier of 4484 USD.
If it breaks now this barrier (4484 USD) the next resistance point will be the psychological barrier of 5000 USD.
Market reacts to segwit 2x Caceling - Correction Waves start?Did the Canceling of Segwit2 just provoked correction waves ?
Stochastic looks overbought
Will the original trend pursuit or will trend go back in the channel?
What do you think?
BTC future fibonacci circles, target around $12kBTC future fibonacci circles, lets see if those play out. Target is around $12k.
The big one dive Maybe the firtst big dive of BTC
Market pressure confirm
Market capitalization confirm
Ethereum - ETH USD - Descending ChannelAccidentally posted a private idea several days ago. This follows on from that -
Ethereum broke out of an ascending channel it had been in since late September after forming a head and shoulders pattern and a break of the neckline.
It is now in a narrow descending channel with a potential downside of around $250 levels. If it breaks up, out of the channel I would expect the neckline of the H&S to act as resistance.
I will be refraining from entering an ETH trade at this stage until the market settles down around this first BTC fork at least.
12000 USD Bitcoin likely near end 2017fib extension shows possible peak price around 12000 USD. Comments and ideas welcome
#btcusd predictif price cant breakout 6300 level and going down to break 5800(50/50 levels) then price is dropp off.
if price breakout 6300 then price will be going to up levels.
BTC/USD : 6000$ before 2018 ? Whats up guys ,
here we have a nice buy entry setup on the bitcoin .
Accumulation of :
- Bullish rectangle structure
- Double fibonacci retracement
- Breakout and future retest of the 4H downtrend
- Cross of trendlines
- 5th wave
- ABCD pattern ( heading to D wave )
- Support zone
There is 3 targets on the chart , I recommand to breakeven when the first one is hit .
Never risk more then 5% of your account
Bitcoin Short Term Analysis: Bullish or Bearish?Hello traders!
As you can see, bitcoin is forming a structure (triangle) that is about to be breakout.
This is a very short term analysis of what we expect to see in the next few hours.
Both possibilities are valid (bullish/bearish)
Let see what you guys think, do you think it will be a bullish or a bearish move?
I'll start by guessing that it will be a bearish one .
- Abdulla
BTCUSD heading into major resistance. Possibility of a short.I don't trade Bitcoin personally, but I can analyse most Forex charts and Stock charts from a technical perspective. Looks like this pair is heading into a Major resistance zone. With the right price action, there's the potential to get into a short trade.
