BTCUSD 4HIn my opinion BTCUSD is going to move down, 0.618 or 0.5 fibo is possible.
Please pay attention to the oscillators at the bottom of the plot.
"!" marks indicate places where price moved down to be supported by the green EMA line.
Please check my other predictions of cryptocurrencies , ETHUSD:
Bitcoin-usd
Quick short - Easy profitsThe chart speaks for itself. Momentum won't hold. RSI very oversold. I expect a drop so long again at 6888 (China's magic number). Breakout at 8000 in about three weeks to retest all time highs. PATIENCE!
BTC WEEKLY CHART: "The Panic Zone" Waiting for THE Cosmic EventThe Chinese Yuan devaluation is now complete. The Chinese banksters realize the insiders can move money in and out of Bitcoin as a value store. A fake investigation of Chinese based Bitcoin exchanges covers the insiders asses while preserving this avenue for their future devaluation shenanigans. The result: No more margin trading (unless you use some other exchange location) and no more fee free trades in China. Did this impact the price of Bitcoin? No. Why would it?
The Yuan is as low as it can get against the USD. The USD is at a huge unsustainable high relative to all other currencies. As the USD devalues watch for what the Chinese do. This will give them ample opportunity to devalue the Yuan further. Can Trump save the US economy? That is the biggest question of the year and it will take that long to really find out.
For now we are in the doldrums. BTC is reverberating and it appears that the top blue dash resistance line is valid. I'm changing my outlook to wedging action between the red dash support and blue dash resistance to a point of $900 by July. The price can still get as low as $750 but should stay there only briefly.
This action will complete the classic "cup with handle" formation. Break out from the handle above $900 after July and the a secondary breakout in large volume from the cup formation is the cosmic event we are all waiting for. This could be the year it happens.
Countries currently in full panic: Venezuela, India, Mexico, China, Germany, France, Italy, Greece. Japan.
Long BITCOIN with stoploss to USD and DashPOLONIEX:BTCUSDT
I am long bitcoin from 700 USD and I have trailed my stoploss everyday to 834. At this momemt I think it can easily rise up to 1000 USD but maby with some hiccups. I want to keep riding this train so I stop trailing my stoploss.
From now I leave 1/2 my btc open with a stoploss @ 834 USD
and 1/2 of my BTC open with buy order DASH @ 0.011687.
I think DASH can have a nice ride up when BTC falls.
I am risking 1/4 of my profit again by deviding buy orders BTC and I will trail these on a daily basis.
POLONIEX:DASHBTC
BITCOIN Trading Idea Price reached 600 level and probably we'll see reversal and following down movement. In spite of MACD rises and shows up movement, ADX falls and we don't have confirmation from DMI. If we have a bearish candle, it will be a signal for reversal from the resistance level with RSI confirmation. We'll have to wait when MACD reverses and starts falling. It will be a signal for opening short trades based on the daily and hourly charts. Profit target for short trades is 500 level.
BITCOIN Trading IdeaPrice broke MA100 and the up trend was over. It's time to think about short trades because we have following arguments for this:
- MA20 and MA50 fall and show down trend
- DMI confirms down movement and trend conditions
- RSI confirmed price reversal from MA20
- MACD gave a signal for opening short trades
Place a pending order below 564 and stop above 587. Profit target is near the support level 500. Short trades can be opened using hourly and daily charts. Don't forget to follow your money management rules.
Bitcoin Entry LevelPrice is near Moving Averages 100 on the daily chart and it is a good reversal level. We can think about short trades based on hourly charts. Here is 4H chart with trend market conditions. If price reverses from 600 level and MA50, we'll be able to open a short trade below 580. Stop order should be placed above the resistance level and profit target near the support level. If price breakes the resistance, probably we'll have to think about entry levels for long trades.
Bitcoin Trading IdeaIf we look at Moving Averages which rise and move far from each other, we can see trend market conditions. It is up trend and a possible entry level above Moving Average with period 50. But Bollinger Bands shows the period with low volatility and DMI confirms range market conditions. In such way we have to wait Bollinger Bands expansion which follows after contraction and ADX rising. The same trade conditions you can find on the chart and it gave a profitable signal for a long trade. If this time we also have expansion, ADX starts rising and MACD gives a signal for long trades, we'll search for entry levels above MA50. If price breaks low Bollinger Band, we'll have to think about short trades and it will be another trading idea.
Possible Triangle Continuation CountPossible count for trend continuation pattern.
Confirmation above (B).
(See Linked Chart - Meant to post w/ sooner)
*Note:
- It is possible the triangle has further yet and could be wider than pictured.
Long position Opportunity with OBV Profile Trending UpwardsLong position opportunity with BTCE:PPCBTC also with OBV Profile Trending Upwards
Breakout approximately around beginning of 2017.
Bitcoin breaking out of 8 month consolidation to the upside I expect Bitcoin to retest the .786 fib around 410 (even 390 is possible) creating a false breakdown from the wedge before fully breaking out. Of course the other scenario is that we break 430 within the next week with little resistance. I expect it to first test 630-670 once it breaks out.
Triple bottom suggests trend reversal for BTCUSDLooking at the 2 week chart we can see a clear formation of a triple bottom. Such a pattern is used to predict the reversal of a prolonged downtrend.
This whole month has been full of volatility so we may see more movement soon. I am remaining positive that we may see upward movement soon.
Read more: themerkle.com
One potential SHORT position on BTCUSDWe have one possible short position on the BITSTAMP:BTCUSD
1. If price touches the red area, check if there is divergence on either MACD or stoch . If step 1 is fulfilled , continue.
2. If step is 1 fulfilled, we want to see either a double- bottom / top or w/m pattern forming on 4H or 1H . Will demonstrate those patterns when the time comes. If step 2 is fulfilled , continue.
3. TP/SL will be set when necessary price action takes place in those areas. We will always wait for pullback no matter what. No pullback, no trade . If step 3 is fulfilled , continue.
4. Short when PRICE makes lower low . If it doesn't and instead makes higher high , abort this potential SHORT.
UPDATE ON PREVIOUS BTCUSD BITCOIN PRICE AT DESCENDING TREND LINEFURTHER FROM MY PREVIOUS POST PRICE ACTION HAS REACHED THE DESCENDING TREND LINE ON THE DAILY CHART, ALTHOUGH THIS FORMS A HIGHER HIGH IN THE BEAR TREND OF THE LAST FEW WEEKS MY BIAS IS TOWARDS A SHORT (IN KEEPING WITH A BULLISH DOLLAR) I WILL BE LOOKING FOR A LIKELY REVERSAL AND A SHORT TRADE TARGETING THE SUPPORT AT THE 211 AREA.
Bitcoin on a nice reverse after dropping under 295Looks like we found a new support around $334 - I've got a long open since 310 and aiming to hold this position until 365. we've got a strong reversal about to happen but unsure where it'll lead us and how far up it'll go.
I re-approached my positioning last night when the price was at 319 and I was still confident in my positioned unit. if we see the value of bitcoin drop under 330 again we might be stuck betwee 299-330 as a support for the coming weekend.
due diligence and you'll notice a change in your trades.