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Paypal's Bitcoin AnnouncementBitcoin has been holding steady over the last few weeks. After it's failure to drop below support we got some news today for all of us Long Term BTC holders/traders. Paypal is integrating Bitcoin, ETH, LTC by early 2021. The news has pushed Bitcoin past it's previous resistance around $12530. Up next is the resistance levels of $13k followed by $13868. With the bullish announcement we are in a "buy the dip" mode imo. I fully expect money to be cycling through BTC and alts. News Links: twitter.com www.marketwatch.com cointelegraph.com
BITSTAMP:BTCUSDLong
by tired_man_willis
*THE TRADING REGIME #BITCOIN ANALYSIS - OCT 2020 TO JAN 2021*Hello Traders We’ve decided to add #BTCUSD to our watchlist for the end of the year. Cryptocurrency is still fairly new to the market and lack regulation We normally don’t trade it due to several factors however, here’s the complete analysis and price points marked out. It’s currently showing #bulls in charge But keep in mind the bearish engulfing also present from $13k Touch. Crypto trading tips: Be safe and take low risk(WHAT YOUR COMFORTABLE LOSING—-SCRATCH THE 1-2% theory 😂) ask me why in comments! Be patient and disciplined in your approach((TRADE YOUR PLAN/RULE BASED APPROACH) Don’t follow the “HERD”(HYPE/HERESAY) Always protect your capital(stop loss) Always only risk what can afford to lose. The Trading Regime COINBASE:BTCUSD
B
by EvaultFinancialGroup
1
brief TA on bitcoinBitcoin is currently stuck in a tight price channel, red vertical(slant) line represent the resistance, while the green vertical(slant) line represents the support. A possible breakout should see price go high up to $14,000 while a possible breakdown might see price go as low as $8,000, before any relief. In crypto-trading bitcoin controls most of the other altcoins especially with correlation being at all time high, hence it dictates the direction which this coins will go.
by thefinville
BTC is "toight like a tiger"Recognize that title? No? It's a throwback to the movie Austin Powers Goldmember Anyway, this is a quick and easy analysis. BTC has been ranging for the last few weeks with the pattern getting tighter. Bears have failed to break past $9800 with sustainable volume (Remember $5.8k from the 2018 bear market? Similar to that) Bull volume has been picking up over the last week. RSI and MACD are both neutral which means we've hit an equilibrium. While technically this could go either way, I'm leaning bullish. That said, the price action could turn bearish as the markets dump during the 2 weeks before/after the election (Historically there has always been a selloff). That said, Bitcoin has shown to not directly correlate and if faith in the U.S Dollar falls due to the election results then I won't be surprised if we see an influx of people looking for a safe haven for their assets. Either way I'm bullish on Bitcoin and have added to my stack. If we don't see any price action during the weekend then we can expect something on Monday.
BITSTAMP:BTCUSDLong
by tired_man_willis
BTC JUST MADE A MOVE IT HAS NOT DONE IN 4.5 YRS! +PRICE TARGET!Bitcoin has just pulled a move that it has only ever pulled 4 times in Bitcoin's short history so far and it has been 4.5 years since the last time it has made this move last! Along every single Bitcoin Boom and Bust Cycle there is a key point where everyone always asks anyone "When do I buy? When do i get in?" Well the HODL answer to that is Buy the Dip.. and sell... i don't have that word in my vocabulary. If you had followed anything in bitcoin history you would also know that If you had bought anywhere below $10,756 USD/BTC (at time of writing), that you would still be in profit or even thus far in your trading career. If you are an active trader of any sorts or want to get in at every micro trend dip to sell the rips, then you may have caught the trends that have already formed as well! Although Very Few understand the gravity and value that this move has shown in the Bitcoin Price. If you do then this chart below leaves you salivating and wanting to throw your Fiat right at bitcoin! Currently we hold support at the .865 FIB and also the .786 FIB levels which are good indications to the start of a new bullish trend after retracing. This retrace that we took in price action was the most crucial point we have see in 4.5 years. We not only held the .865 FIB with VIX and VOL increases of substantial measures, but we held above. a very key resistance point. The downtrending red line below where we held support and above the Green Arrow I placed, is the 3 YEAR DOWNTREND RESISTANCE that has plauged bitcoin since December 2017. We took the first major step in breaking this major point of resistance after squeezing to the very last point of the symmetrical triangle shown in yellow from which we launched off of the $9,100 level and then proceeded to break that sym. triangle. 2 Days later Bitcoin demolishes the resistance point with a $1,400 candle on July 27th, 2020 -- from the $9,941.00 start, through the $10,100 point where the 3 YEAR DOWNTRENDING RESISTANCE layed, up to 11,450.00. Most amazing thing is that it did it with hardly a change in the VIX meaning there was no resistance from the bears to hold their line of defense AT ALL. And was confirmed with the increasing VIX action along with the Inverse Correlation of the MACD (at the top) and the choppy price action upwards from $11,450 to the $12,500 price target. Once Price Action re-correlated with the MACD in a downward trend, we see the VIX pick up rapidly for one of Bitcoins famous price retrace move of which we see happen. The VIX almost 3x'ing at the point of support to hold above the 3 YEAR RESISTANCE TREND plus holding the .865 FIB was BULLISH MOVE #1. The Second Bullish move and in my opinion the bigger of the two moves in value and confirmation is where we have sat for the past 4 days since September 25, 2020. On a Red Candle we have held support not once, not twice but thrice; we are in the midst (during the writing of this analysis) of this 4hr candle holding above the 21EMA. Holding support on the 21EMA is the bull trend support sweet spot that throughout Bitcoins History we have proven time and time again to hold true. In the Short term to Near Future we can see a slight drop back down to test the trend line holding up our ascent we have started, which can drop us temporarily below the 21EMA, but will be short lived. The longer term price target of our next move looks to be over the next 30 days and a movement back up to the $12,500.00 and then to hold as support using the ping-pong like action from July and August in the 11,900 - $12,400 price level as support. Next stop from there is the $13,700 to 14,250 price range in the next 45-60 days. Until Next Time, MahNemzJeff signing on with Gamblers' Paradise
Long
by Gamblers_Paradise
1
Bitcoin another round of sell off is awaitingBITCOIN After reaching the 12000.00-mark cluster of resistance were formed at this level. In this consolidation phase we can see the series of pattern shows that the rise and big falling of the price. The price is trading below the 50,100,200 exponential moving average in four-hour timeframe. Bitcoin has lost almost 2000$ for 1BTC in a single trading week. And find some minor support near 10000.00 level. We can expect a short term rebound of the price towards 11000.00 level there some recent resistance zones are formed. Just above that price around 11500.00 23.6% Fibonacci level will acting as resistance for bullish run. From this level we can short this pair and the potential take profit will be around 9000.00 mark which is coincide with 50% Fibonacci level Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas Disclaimer It’s not a financial advice. Do the analyze and take a decision.
BITSTAMP:BTCUSDShort
by forexorbit
2
BITCOIN MAJOR MOVEMENT - NOT THAT BULLISH YET !!!Hope you have a beautiful day! In the following technical analysis I am presenting the current situation of the market for medium term period by utilizing highly efficient structure lines and data language. Please let me know what do you think about it ? Are we going to breakout bullish or bearish out of the triangle ? Let me know what is your position on this and let's construct a positive conversation Enjoy your day and be careful leveraging!
BITSTAMP:BTCUSD
by Scrembo
1 Hr Bitcoin possible Double Top in playNot going to lie, that little $300 had me for a quick second but then I looked at a few things. Low volume and a failure to sustain the move on the short term. I'm sure some of you may have seen other people flip bullish and opened new positions expecting the rumor to push us past $10k. The 1hr RSI is nasty as is the possible Double Top. I wouldn't be surprised if the hopium for the bulls has a few opening some overleveraged longs. (Bull Trap) That said, if the Paypal/Venmo rumor turns out to be true then we can most definitely see sentiment flip bullish as I will too. However, if we don't get a confirmation in the news by the end of the week then all sentiment and hope will be crushed with a move to the downside. Do I believe Paypal and Venmo will integrate Bitcoin down the road? Yes Do I think it'll happen soon? No I'm still in my short position but that's because I have been. If you're out of your position then be smart and wait for bear volume to pick back up.
BITSTAMP:BTCUSD
by tired_man_willis
2
Is A 1.6% Upside Target Worth The Risk?Without carefully crafted historically backtested strategies, the kinds of trades available on short-time frames within the current market structure are high risk. Check this one out. 3 'white soldiers' candle formation on the 4 hour chart. Looks good. MACD pushing up. But look at the overhead resistance level. It's just 1.6% above current price. Would you risk leveraging long for such a small move? Or would you wait for stronger momentum on a higher time frame?
Long
by Sparkster
1
ADA rolling over = BTC rolling over 1DBulls have failed to sustain their push especially with the alts running out of steam. I'm mainly trading off of the Daily & Weekly and we haven't had a retest of our Weekly low around $6850. Bear volume is slowly increasing and a lot of the lead alts are starting to bleed. ADA pumped hard which led the last "real" push towards $10k (It was May 27th, check the daily for each) and it's the first to rollover. I do have a short position. Checkout that nasty RSI lol Non-crypto: Money is going into stocks for the time being. I personally have seen lots of posts about that on social media from associates.
BITSTAMP:BTCUSDShort
by tired_man_willis
3
Groestlcoin (GRS) A Big Pump AheadHi friends hope you are doing well. In this article I want to show you my technical analysis on Groestlcoin to understand how it has completed the setup for very big bullish move. The major spike: If we watch on the weekly chart then GRS was moving in a down channel. And on the candlestick that was started on the 4th May 2020 it was trying to break down the support. But soon in the second week of May 2020 it started the bullish rally up to more than 80% from the lowest point up to the highest point. All indicators gave clear bullish signals before the rally: Before the bullish rally almost all indicators gave very obviously signals. For example I have used the combination of five indicators to determine the bullish rally. Then it can be easily observed that on 8th May the moving average convergence divergence (MACD) indicator started turning bullish and the stochastic gave bull cross from oversold zone. Then on 12th May the momentum was started changing from bearish to bullish and finally we received a bullish signal by the directional movement indicator as well because the positive directional indicator (+DI) crossed up the negative directional indicator on 22nd May and then we have witnessed a powerful upward move. The SMAs are turning bullish: If we place the simple moving averages with the time period of 25, 50, 100 and 200. Then it can be easily observed that after the strong bullish rally the price action has crossed up all the moving averages. At this time the price action of GRS is crossing up the 200 simple moving average. This time the smallest time period moving average 25 is crossing the 50 simple moving average and the biggest time period moving average with the time period of 200 is above all other moving averages. Once the smallest moving average will be moved above all other moving averages and the biggest time period moving average will be moved below all the other moving averages then a complete opened alligator mouth can be formed by the SMAs that can trigger more powerful bullish move. And before the alligator’s mouth formation we can observe another bullish move when the 50 simple moving average will be crossing up the 200 SMA. Because this golden cross is considered as a powerful buying signal among the traders community and this bull cross between the two moving averages will be a big invitation to the traders to buy GRS. Harmonic moves with continuation: Now let’s move to my favorite part of the analyses and that is the harmonic moves by the price action of GRS. If we switch to the long-term weekly chart then it can be easily seen that the price action is continuously forming different harmonic patterns and all these patterns are bearish. For example 1st the price action formed a bearish Shark pattern and for the completion of final leg it produced more than 1700% bullish rally. Then price action started the formation of bearish Butterfly pattern and while completing the final leg of this butterfly the price action produced more than 600% rally. At this time the price action is forming another bearish Shark pattern. The formation of this pattern was started from the candlestick that was started on 23rd April 2018. And after the completion of initial leg the price action retraced up to 0.618 Fibonacci level. And this was the first confirmation of bearish Shark. Then B to C leg is projected between 1.13 upto 1.618 Fibonacci projection and this is the second confirmation of Shark. You can observe that on the chart I have placed the pattern up to 1.618 Fib level, but this level is in negative zone therefore it will be not possible for the priceline to enter in the negative zone. I have just placed the pattern up to this level only for educational purpose to show you the perfection of this pattern. However the priceline has found a strong support at 0.00001751 sats. Therefore the potential can be up to this level. Now as per Fibonacci sequence of bearish Shark. The priceline should move between 0.886 up to 1.13 Fibonacci retracement level. And once this leg will be completed then in it can produce up to 1650% big bullish rally. However as per Fibonacci sequence of bearish Shark I have also defined some secure targets as well. The complete buying and sell targets as per Fibonacci sequence are as below: Buy between: 0.00003480 to 0.00001751 sats Secure sell target zone: 0.00008636 to 0.0001591 sats Aggressive target sell zone (Upto the completion of shark's leg) 0.0002541 to 0.0003096 sats Conclusion: As previous history of GRS it is very easy for the price action to complete the formation of another harmonic pattern and that is almost formed. However it is not confirmed that this strong bullish move will be started before the testnet release that is announced by the GRS team.
Long
by moon333
1