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These Two Signals Should Be Observed For Bullish ReversalHey firned hope you are well and welcome to the new update on Bitcoin. After breaking down the up channel the Bitcoin is still moving sideways and little bit down therefore in today’s article we will try to understand what the price action can do next. The BAT pattern is still in play: 1st of all I want to show you this BAT pattern that the priceline of the leading cryptcurrency has formed on the daily chart. And the price in just hit the spike within the potential reversal zone and completed the final leg of bullish BAT. Now price action is moved up again and at this time it is moving sideways. I am expecting it will again enter in the PRZ level, therefore I suggest to set this potential reversal zone as stop loss. Because if the potential reversal zone will be broken down then price action can move more down for the formation of Crab pattern. Retesting of support as resistance likely to be failed: now if we watch different support and resistance levels on daily chart. Then as in my previous post I mentioned that after breaking down $9500 support the price action was retesting the previous resistance as a support. Now this re-testing is likely to be failed and priceline of BTC moving slightly down and it can move to the next support at $8800. And if this $8800 will be broken down then next support will be ready $200 is also very significance afford a because it has been working sometimes a support is at $8200. Now if we see the moon phases indicator then recent dark moon was appeared near $8800 support. This is giving indication that the price action can move down to this level. And so far the price action has spiked to $8900 that was very close to this dark moon. The new moon appears after a complete synodic cycle that is 29.5 days long. And this dark moon was appeared on 3rd Jun 2020 therefore the life of this recent dark moon is 19 days. It means there are almost 10 days left for the appearance of new moon. So in the meanwhile we can use some other indicators to predict the upcoming trend. Down channel on short term chart: On the hourly chart the price action has formed a down channel. At this time the resistance of the channel is at $9350 and the support of the channel is at $9150. It is very important for the priceline to break out this channel as soon as possible otherwise if the price action will be continuously moving down within this down channel then the resistance will be moved more down. For example if we use the pitchfork tool to watch the long projection of the price action then on the chart in can be clearly seen on 28th of June the resistance will be moved down to $9,000. Last hope the pennant support: On daily chart the price action of Bitcoin has formed a pennant and at this time the price action is at the support of the pennant. I've also placed the exponential moving averages with the time period of 10 and 21. The price action is moving between these exponential moving averages and the support. If the price action will not break down this support of pennant then it can move up to resistance of pennant that is at $10,000 the movement. Conclusion: At this time the bullish BAT pattern and pennant both have very important role. And if we want to see the bullish reversal by the price action of Bitcoin then we should observe these two patterns very closely.
BITFINEX:BTCUSD
by moon333
1
Bitcoin is likely to be rejectedHello friends hope you are doing well and welcome to the new update on Bitcoin. Today we will have the Bitcoin analysis on short term, the midterm and on the long term as well. And we will watch different chart patterns that BTC has formed and the support and resistance levels and also the different moving averages. The formation of harmonic BAT: In my previous posts I told you that the price action is completing the final leg of bullish Gartley and 1st I predictred that the price action will be dropped from $9300 to $9000. Then in next article I shared that price action may behave like BAT pattern rather to behave like Gartley. And as per Fibonacci sequence of bullish BAT I predicted that it can drop from $9,000 to $8800. And finally the pricline of BTC dropped up to $8900 and completed the final leg of bullish BAT. Now at this time this potential reversal zone has become very strong support for the price action of leading cryptocurrency. Support and resistance level: Now I would like to show you different support and resistance levels on daily chart. At this time the price action has $8800 as support. This is the same level where we have the potential reversal zone of bullish BAT pattern.The next resistance level at $9500 and after $9500 the next resistance level is $10,000. Few days back $9500 was working as support but at this time after breaking down this support the Bitcoin is retesting this level as resistance. And if the price action will be not able to break out this resistance again then it will be again dropped previous support level that is at $8800. Formation of down channel on short term chart: Now the Bitcoin is moving between $9300 to $9500. And if we switch to the short term 1 hour chart then it can be easily observed that the protection is moving very well within a down channel. The support of this channel is at $9300 and resistance is at $9500. And this is a little bit down channel therefore if the price action will not breakout this resistance soon. Then this resistance will be moved more down. Up channel on daily chart has been clearly broken down: Now let's move to the daily chart and here the Bitocoin has formed an up channel after mid of March 2020. And we received a very clear signal by the moon phases indicator that the priceline may break down the support because the new dark moon was appeared at distance from the support. And in order to reach at this level of dark moon the priceline needs to break down the support of this channel. And finally the priceline broke down the support. And now we have 5th candlestick closing below the channel. Bitcoin and other markets: If we compare the price action of Bitcoin to other markets for example this if we take an example of S&P 500 that is most outperforming index. We can notice that Bitcoin was more stronger than the other market. Like there the price of Bitcoin broke out all the simple moving averages with the time period of 25, 50, 100 and 200 on 30th April but on the other side the priceline of SPX broke out all these simple moving average on 29th of May 2020 there is a difference of a complete month. And now S&P 500 has bounced from 25 simple moving average. But the Bitcoin has broken down the 25 simple moving average and now it is at the support of 50 simple moving average. Therefore there will be chances that the pricleline will breakout the 25 SMA again. Because pressure from the downside is more than the pressure from the upside because the simple 25 is smaller than 50 simple moving average. And there is some correlation between Bitcoin and other markets. If the BTC will follow stocks and indexes then definitely it will again breakout 25 simple moving average. The pennant is still there: The BTC has also formed a pennant on daily chart. In order to see whether this the Bitcoin will be dropped or not. We should observe very closely that the price action will break down the support of this pennant or not. I observed that the priceline of BTC is very much synchronized with the combination of three indicators: stochastic, MACD and momentum. For example whenever the price action reaches at the support then stochastic gives bull cross and MACD also starts turning bullish and momentum changes from bears to bull then Bitcoin reaches at the resistance. At this time the price action is at the support and stochastic has also given the bull cross and MACD is turning bullish but momentum did not give any bullish signals, therefore we need to wait for the momentum for the final confirmation whether price action will break down the support or not. But it from here to stochastic will again give bear cross and MACD will turn strong bearish then priceline can break down the pennant. Very big symmetrical triangle: Now let's talk about big symmetrical triangle that has been formed on the long-term weekly chart by the price action of Bitcoin that we discussed earlier at the starting of this post. And the resistance of this symmetrical triangle has become very strong rejection line for the Bitcoin. Whenever the price action hits at this resistance level then it is being rejected again and again and this time after hitting resistance level the price action is again likely to be rejected. If the Bitcoin will move all the way down up to the support of this triangle then we may see $6,000 level.
BITSTAMP:BTCUSD
by moon333
1
BTCUSD is retesting previous support as resistanceHello friends hope you are well and welcome to the new update on Bitcoin. As yesterday I told you in my previous video that the Bitcoin is completing the final leg of bullish BAT pattern and it can enter in the potential reversal zone that starts from the $9,015 $8840. Now the price action has completed the final legs and entered in PRZ level. Now let's have a look at the price action of the BTC to have more analysis to understand what the price action can do next. Bullish BAT has been completed: As in my previous post I told you that on daily chart the price action is forming harmonic moves with consistency and continuity. This time the price action was forming the final leg of bullish BAT. The potential reversal zone of this bullish BAt starts from $9,015 up to $8840. And finally the price action reached up to $8,900 and completed this final leg. Now there are chances that the price action will start an upward move from here. www.tradingview.com Price action is retesting the previous resistance: After being rejected by the $10,000 resistance level the priceline of the leading cryptocurrency has broken down the $9500 strong support. Now at this time the price action is re-testing the previous support as resistance. If the price action will be able to break out this resistance again then it will reach the $10,000 to make another attempt to breakout this level otherwise the price action may reach upto $8800 support level. 25 SMA and channel support has been broken down: The price action of Bitcoin was moving within an up channe since after mid of March 2020. This Channel was the basic market structure for Bitcoin on short term and mid term. The priceline of BTC was also above 25, 50, 100 and 200 simple moving average. But as the moon phase indicator was giving bearish signal because the new dark moon was appeared below the support at distance. Therefore the price action followed this bearish signal and broke down the channel’s support and the 25 simple moving average support as well. At this time the price action is retesting the previous support of 25 SMA and channel support as resistance. If the price action will not able to break out these previous supports as resistance we may see another drop. Price action is struggling at the support of pennant: on daily chart after formation of rising wedge pattern the price action also formed another pennant. As in previous posts I predict that the rising wedge will not be broken down and the price action will break out the resistance. The basic reason for this prediction was that the RSI was completely in uptrend. Whenever the RSI moves in up or downtrend the price action follows this trend. During the movement in current pennant the price action was in uptrend but the RSI was in downtrend. Therefore finally the priceline of BTC followed the signals of RSI and tried to break down the support of this pennant. However, that support is not broken down so far. At this time the price action is struggling at the support of this pennant and the Stochastic has also given bull cross signal as well. But the volume is not as that much strong as required for the breakout from the resistance of the pennant. And if we see the volume oscillator then it is also in negative territory that is clear signal that the bull are weak at this time. Conclusion: At this time the priceline of Bitcoin is going through a make or break situation. The BTC needs to re-enter in the channel as soon as possible otherwise we may watch another bearish rally.
BITSTAMP:BTCUSD
by moon333
1
BTCUSD going for the formation of BAT be ready for more drop1st of all I would like to show you the below chart that I posted on 8th of June. Where I predicted that the price action is going to move more down to complete the final leg of Gartley pattern. And that move was expected from $9317 up to $9015. And so far the price action has been retraced and completed the leg of Gartley. The Bitcoin is going for BAT formation: Now there is more possibility that the price action will go for the Bat pattern. Because the signals are turning more bearish. Therefore I'm just ignoring some extra spike and taking the A to B leg up to 0.50 Fib retracement level. Now as per Fiboancci sequence of BAT the final leg is expected to be retraced from $9,015 upto $8840. This is the potential reversal zone of this BAT pattern. But we should use this potential reversal zone strictly as stop laws point. Because once it will be broken down then the price action may go for the formation of bullish Butterfly pattern and that can go upto $75. If I will see more strong bullish signals I will definitely post that pattern as well. Different support and resistance level: Now if we watch the different support and resistance levels then the price action recently was trying to breakout the $10,000 resistance level. And this 10K level is a very strong resistance as it is not broken out since October 2019. Now after being rejected from this resistance level the price action also has broken down the previous support of $ $9,500 and now we have the next support at $8,800 and the price action is going to retest that support as well. Up channel, moon phases and SMAs: Since after the mid of March 2020 the price action started the formation of an up channel and it was moving in this channel very well. And while moving within this pattern the price action broke out the simple moving averages with the time period of 25, 50, 100 and 200. At this time the price action has almost broken down the 25 simple moving average and now it is retesting the 50 simple moving average support and the channel support is almost broken down as well. I've also placed the moon phases indicator on this chart. That is showing that the altitude of new full moon was not so high and it was appeared at the resistance of the channel. While the dark moon appeared below the support of this channel and there was a big distance between the support and the new dark moon. Therefore there was a possibility that the price action may reach up to this dark moon and in order to reach at this level the price action needs to break down the support of the channel and the price line has done it. The support of pennant is likely to break down soon: On daily chart after the formation of rising wedge pattern recently the price action formed a bullish pennant. While moving within previous rising wedge pattern we received clear signals for the breakout. For example, the RSI was completely in uptrend that was a major bullish signal and the stochastic also gave the bull cross from the oversold zone. While moving within current bullish pennant the price RSI was completely in downtrend. And whenever the price action moves in opposite direction of the trend of RSI eventually it follows the direction of the trend of RSI. And now the price action is following this rule. A big symmetrical triangle and SMAs supports: Now if we switch to the long term weekly chart. Then the price action has formed a very big multi years based symmetrical triangle since 2017. And the resistance of this triangle has become a very strong rejection line for the price action of the leading cryptocurrency. This time the price line of BTC was struggling to break out this rejection line but unfortunately it is failed to have break out this time and after being rejected it is moving down. Now if we watch the simple moving averages supports on this weekly chart then we have the 50 simple moving average immediate support that is almost at $8,800 then we have the 25 simple moving every support than 100 and at last we have 200 simple moving average support at $6,000 that is at the same level that we have the support of this big symmetrical triangle. Conclusion: On short and midterm chart all signals are turning bearish and the move between $9,000 to $8800 as Fibonacci sequence of bullish BAT pattern is confirmed. The further downward move depends on the breakdown of potential reversal zone of BAT pattern and 50 simple moving average of weekly chart that is at $8800.
BITSTAMP:BTCUSDShort
by moon333
4
BTC Murphy Law 'SHORTS Analyse'Everything that goes up must come down - Murphy Law Like you can see in the graph SHORTS on Bitfinex are very low, and from the past you can check that most of the time when SHORTS hit this area...they are going up and BTC is going Down... i would be happy for BTC if the story not repeats again but i care more wisely invests than be sinked in a BearTrap. Most of the time in past years i always detected Pumps if you check my others analyses, but today i predict more a dump. if you are a scalper you can still scalp market and use your stop loss, no matter for you if BTC up or down, but if you are a long wave investor and want cumulate more BTC, i suggest you to wait and be very cautious. Like i said before sometimes the best way to win money is to not trade at all and wait. So if this story happens we have 2 crucial points where we can buy BTC. 8000-7500 BTC is supported by Weekly Pivot and EMA50-EMA100 Days. 6000 would be a safety buy zone for me as BTC is supported by EMA200 Days. BTC can also go dipper but i don't see it going under 5000$ (Trend Triangle Support). i will add a picture with the normal chart to make everyone understand about Supports Zones. Happy Tr4Ding!
BITFINEX:BTCUSDSHORTS
by thecryer
Be Ready For Possible Drop | Bitcoin Is Completing The GartleyHi friends hope you are well and welcome to the new update on Bitcoin. On 1st June 2020 the BTC has spiked up to $10429 as per Bitstamp exchange and tried to breakout the $10,000 resistance level even on the 2nd June the price action spike beyond $10K but could not break out this resistance. Since then the priceline is moving above the $9500 support level. Every day the priceline is hitting at $9500 support level but so far this this support is not broken down. If it is support will be broken down then we may see the next bearish rally up to $8800 that is BTCs previous support. Up channel and Bollinger bands resistance: On the daily chart the Bitcoin is moving in an up channel and it was expected that this time the priceline will reach up to the resistance of this channel as it had already visited the support on 25th May 2020. But before reaching the resistance the priceline of leading cryptocurrency dropped down. At this time the price action is moving above the 25 simple moving average. The basic reason that stopped the priceline to reach up to the resistance of the channel was bollinger bands. Because the upper bands of the bollinger bands is below the resistance that is a big hurdle for the price action to move up. And the lower bands of the bollinger band is at the level where the 50 moving average is also moving and that is around $8800 therefore there is possibility that the price action will reach upto this level. Pennant and EMAs: On the same daily chart the price action of Bitcoin is also moving in a pennant and after hitting the resistance of pennant the pricline is moved down. I've also placed the exponential moving averages with the time period of 10 and 21. At this time the priceline is retesting these moving averages as support as the exponential moving averages 10 and 21 have been working as strong support for the price action of the leading cryptocurrency since the bullish rally was started after the mid of March 2020. But if the price action will break down these moving averages and the EMA 10 will cross down the EMA 21 then we may see strong downside rally. Continuously formation of harmonic moves: The price action of leading cryptocurrency is also forming the different harmonic patterns with the continuity and consistency on the daily chart. The BTC formed a bullish BAT pttern and took a powerful bullish divergence from the potential reversal zone of this pattern. And while moving up the price action started the formation of another harmonic Gartley pattern. It can be easily noticed that at this time the priceline has started the formation of the final bearish leg. The potential reversal zone of this pattern starts from $9317 to $9015. Therefore it can be expected that once the price action will be entered in this PRZ level then it can move up with bullish rally. Conclusion: For the completion of the harmonic pattern the price action may drop from $9300 to $9000 or it may also hit the spike up to the simple moving average with the time period of 50 on the daily chart and that is at $8800. However after the completion of the final leg of this bullish pattern we may see another bullish move buy the Bitcoin soon. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITSTAMP:BTCUSDLong
by moon333
1
Bitcoin Is Breaking Out $10K Resistance LevelHi friends hope you are well and welcome to the new update on Bitcoin. The BTC has spiked more than $10400 and in today’s post we will try to understand how the price action of Bitcoin can behave in coming days. For this purpose we will watch different chart patterns, moving averages and the different indicators as well. The Bitcoin is crossing up a crucial reversal zone of BAT pattern: In my previous posts we have seen since the price action of Bitcoin formed a bearish BAT pattern on short term 4 hour chart it was not able to cross up the potential reversal zone of this pattern. Whenever the price action tried to cross up this PRZ level it was getting bounced back to the bearish trend. Now finally the price action has almost crossed up this potential reversal zone of BAT. Movement towards resistance of channel: On daily chart the price of leading cryptocurrency is moving within an up channel. After getting bounced from the support of this channel the price action started movement towards resistance of this channel on 26th May 2020. During this move the priceline of BTC also has crossed up 25 simple moving average. If we observe the position of the simple moving averages with the time period of 25, 50, 100, and 200 then it is very positive. As we can see the smallest moving average 25 is above all other moving averages then we have 50 then 200 and the 100 SMA is below all other simple moving averages. Now we need the 100 simple moving average the cross up the 200 SMA then a complete opened alligator mouth will be formed by these SMAs as it was formed back in June 2019 when the price action was lifted up by this alligator’s mouth up to $13800. Exponential moving averages has finally provided firm support: Since the price action of Bitcoin has crossed up the exponential moving averages with the time period of 10 and 21 and the exponential moving average 10 has cross the up the EMA 21 the Bitcoin is using these EMAs as support very well. Now this time again since 20th May the price action was using these two EMAs as support and was likely to break down and the EMA 10 went very close to EMA 21 but finally the price action moved up and the both EMAs again liffted the price line of Bitcoin and provided a firm support as they are providing since after 17th April 2020. Another bull flag is expected: The leading cryptocurrency is forming different bull flags on daily chart with continuity. This time since the first week of May the price action was moving almost sideways within current bull flag and it was expected that it will form a new bull flag here and will move up soon to form the next bull flag. Now finally the price action has left this flag and moving up and is likely to form the next bull flag soon. Oscillators and momentum: In my previous articles I have been telling you that if the price action moves sideways but the RSI moves upwards or downwards then finally the price action follows the move of RSI unless the RSI does not change its trend. This time we have seen that the RSI was in downtrend and the price action was moving almost sideways but finally the relative strength index has broken out the down trend and moving towards over bought zone. The Stochastic has already given bull cross from almost oversold zone and it is still very strong bullish and if we watch the momentum indicator then it is showing that momentum has been changed to bullish as the first green bullish bar is appeared. 10K resistance and volume based indicators: At this time the price action is making another attempt to break the $10,000 resistance level. But if we watch the volume then it is less than the volume when it was making the previous attempts for breakout, moreover the volume oscillator is also in negative zone. But while Bitcoin was making the previous attempts for breaking out the volume oscillator was up so indications by these volume based indicators are bit critical. However if we watch the directional movement indicator then positive directional indicator has crossed up the negative directional indicator and the ADX is also moving up that is a very strong bullish single on daily chart. Bitcoin is ignoring the bearish patterns with continuity: On the daily chart we can also notice that the world’s leading cryptocurrency is breaking out the different bearish patterns with continuity. Like currently the Bitcoin formed a rising wedge pattern that is considered as bearish pattern among the traders community. But the Bitcoin is breaking out the resistance of this rising wedge rather to breakdown the support. Before this we have already seen that the Bitcoin formed a rising wedge pattern in April 2020 and rather to breakdown the support the BTC broke out the resistance. So that is another very strong bullish indication by the Bitcoin that it is ignoring the different bearish patterns with the continuity. Current rising wedge: Previous rising wedge: Multi years based symmetrical triangle and moving averages: Now if we switch to the weekly chart then we can see that the price action of Bitcoin has formed a very big multi years based symmetrical triangle. And the resistance of this triangle has become a very strong rejection line for the Bitcoin. Every time when the price action tried to break out resistance it has been rejected and move down. This time the price action of BTC is again trying to break out the resistance of this symmetrical triangle. This time if we watch the order of the simple moving averages then almost a complete opened alligator mouth is formed on this weekly chart. The only move that is due is the 25 simple moving average should cross up the 50 simple moving average as we had such order before 2017 when a complete opened alligator mouth was formed by these simple moving averages. And it lifted the price action to the highest price ever in the history of the BTC that was around $20K. However if the priceline will be rejected from the resistance of this big symmetrical triangle then Bitcoin can re-test the previous support of 50 simple moving average on weekly chart and at this time it is at $8800. Conclusion: Few days back different patterns and indicators were giving bearish signals. But on long term the Bitcoin was turning bullish. Now on short term almost all the indicators are turning bullish and on long-term BTC is turned more strong bullish.
BITSTAMP:BTCUSDLong
by moon333
3
Bitcoin 1st Signal To Parabolic Bullish Move Is AppearingHi guys and gals hope you are well. Today I want to show you how the Bitcoin is getting ready the parabolic move after the halvening. Before that we will watch the different bearish and bullish scenarios on short term and midterm charts. The bearish BAT: In my previous article we have already seen that on short term 4 hour chart the price action of BTC has formed a bearish BAT pattern. And from the potential reversal zone of this BAT the price action has been reversed bearish several times. Now this time the priceline of Bitcoin is moving up again towards the potential reversal zone of this BAT pattern. Now it remains to be seen whether this time the price action of the leading cryptocurrency will be able to cross this reversal zone or not. The price action has been bounced from support of channel: On one day chart the price action of Bitcoin was moving with the support of an up channel and finally the price action is bounced from this support. And this time it is crossing the 25 simple moving average resistance. If we take a look below the price action then the 50 simple moving average has formed a golden cross with 100 and then 200 simple moving averages. As we have discussed earlier in my previous articles that the golden cross between the 50 and 200 is considered as a strong buying signal among the traders community. Therefore the traders has entered and they may lead the price action up to the resistance of the channel that is almost at $10,500. Moreover we can see that the smallest time period moving average 25 is above all other simple moving averages and 200 SMA is also moving down. Once the 200 SMA will come under all other moving averages then a complete opened alligator mouth will be formed by the SMAs that can produce more powerful bullish rally and the price can go up very fast. Exponential moving average once again worked well as support: iF we watch the movement of the exponential moving averages on the daily chart then it is also very optimistic and positive. We can see that since the exponential moving average 10 crossed up the exponential moving average 21 and the price action also crossed the both EMAs these moving averages are working as a very strong support for the priceline of BTC. And several times the price action has used these supports to move more up. This time again the price action was using these to EMAs as support and finally the Bitcoin is likely to take the next bounce to start the next rally. It can be also seen that EMA 10 was moving down and went very close to the exponential moving average 21 and was likely to form death cross but fortunately it is moved up again and lifting the price action. EMAs on daily chart: If we switch to the long-term weekly chart then exponential moving average 10 has crossed up the exponential moving average 21 and formed a bull cross. That is also another very powerful bullish signal. Therefore now we have the support of these two EMAs not only on the daily chart but also on the weekly chart as well. EMAs on weekly chart: Oscillators and momentum are turning bullish: On the daily chart the oscillators and the momentum are also turning bullish. In my previous post we have discussed that if the relative strength index is moving down and the price action is moving sideways upwards then finally the price action can embrace the trend of RSI and start bearish move. And on this chart from 8th May to 27th May 2020 the RSI was in down trend. But this time RSI is likely to break out this trend and changing the trend. The stochastic has also given bull cross from almost oversold zone and if we watch the momentum indicator then it is also turned weak bearish from strong bearish that is also another bullish signal and I am expecting that soon it will be turned strong bullish and will lead to another bullish rally. Another attempt to breakout resistance $10K: The ten thousand dollar has become a very strong resistance for the price action of Bitcoin as it is not broken out since September 2019. During this time period price action has made several attempts to break out this resistance level but unfortunately sofar it is unsuccessful to do so. As we have seen that all indicators on daily chart at turning bullish and the price action has also bounced from the support of the channel and moving averages are also showing bullish signals therefore we can expect that this time the pricceline of Bitcoin will again make another attempt to break out this resistance of $10,000. Multi year based triangle and rejection line: Now if we switch to the long-term weekly chart then can be easily observe that the price action of Bitcoin has formed a very big multiyear based symmetrical triangle since 2017. And the resistance of this triangle has become a very strong rejection line for the leading cryptocurrency. As the price line has been rejected from this line in December 2017 then again it was rejected in July 2019 after that it has been rejected in February 2020 and at this time the price action is again trying to break out this resistance level. But this time the triangle is quite squeezed and the price action of BTC is at the end of triangle. Therefore it is a decision making time for the priceline to Bitcoin to out or break down the resistance or support of this symmetrical triangle soon. These golden crosses can be the 1st step towards long term parabolic bullish move: In my point of view the chances of break out from this multi your based symmetrical triangle are more than breaking down the support. Because if we watch the simple moving average with the time period of 25, 50, 100 and 200 on this long term weekly chart then it can be easily observed that the price action has already bounced from the 200 simple moving average. And the 50 simple moving average is above all other moving averages and 200 simple moving average is already below all other moving averages. Now we need the smallest time period moving average 25 above all these moving averages that will form an opened alligator mouth of SMAs that can lead the priceline to start long term parabolic bullish move to achieve the highest price ever in the history of the Bitcoin. We have already witnessed such parabolic move after the formation of an oppnened alligator mouth by these simple moving averages before 2017 as well. Therefore I am waiting for this due move of 25 simple moving average to cross up the 50 simple moving average to complete this bullish setup for the priceline of leading cryptocurrency to turn parabolic soon. Conclusion: On short term in midterm we can see a bullish rally at least up to $10000 as the price action has bounced from the support of channel and all indicators are turning bullish. But on the long-term the price action of Bitcoin is setting up for a very big bullish parabolic move to achieve highest price ever. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITSTAMP:BTCUSDLong
by moon333
Post Bitcoin Halving Drop ???Hi friends hope you are well. Today I want to discuss that is it necessary for the Bitcoin to drop pre or post halving? In order to understand this principle we need to see the previous Bitcoin halvenings then we will move to the current having. If we watch the Bitcoin halving 2012 then we can observe that before halvening the price action dropped more than 25% and this bearish move was ended before the halving. On the other hand if we watch the Bitcoin halving 2016 then the price action started dropping down before the event and this bearish move was continued even after the halving event. During this drop BTC lost more than 40% of its value. Now if we move to the current halving event then it can be seen that before halving we have witnessed a very strong bearish move that leaded the BTC more than 65% down in the March 2020. Most of the traders say that this drop was due to the world pandemic issue. Therefore it is possible that this down move doesn't have any connection with pre or post halving drop. If we accept this then we can expect that the drop has been started since 8th of May when the price action reached at $10000 and started dropping down. The exponential moving averages: Moreover if we see the movement of price action with the exponential moving averages with the time period of 10 and 21. Then it can be seen that in 2012 the EMA 10 crossed down the EMA 21 before the Bitcoin halving. And after the halvening we can observe only a weak downtrend and during this weak trend the EMA 10 went very close to the EMA 21 but did not form a bear cross. After that both EMAs started moving up and then Bitcoin achieved more than 10000% profit within next one year. On the other hand in 2016 we can see that the EMA 10 formed the bear cross with EMA 21 after the Bitcoin halving then again the exponential moving average 10 crossed up EMA 21 and Bitcoin achieved more than 3000% bit gains within next one and a half year. Now let's move to the Bitcoin halving 2020 then it can be clearly seen that at this time EMA 10 is moving down and likely to form a bear cross with EMA 21 very soon. Even though the new candlestick has been opened below the EMA 21 but we cannot consider that the price action has broken down this EMA unless this candlestick will be completely opened and closed below exponential moving average 21. And we should wait for the death cross between two these two EMAs then we can expect a further very strong downward move before any long term bullish movement after Bitcoin halving. The price action may follow the relative strength index trend: In my previous post we have discussed that if the RSI is in downtrend but the price action is moving sideways or upward then finally the price action embrace the signal of relative strength index and it also moves down. At this time we can see that the RSI is in down trend even and this trend can be seen even on the daily chart, therefore the price action can start a downward move at anytime. However if the RSI will change its trend then the price action might not move down. Up channel: As we have already seen in my previous post that the Bitcoin has formed an up channel on the daily chart. And after hitting the resistance at $10,000 the price action drop down at the support of this channel. This time the price action is moving with the support, therefore there can be chances that the priceline will move up again from here to hit the resistance of the channel. But if the support of the channel will be broken down then the leading cryptocurrency can start a strong bearish rally. Bullish pennant: On the other hand on the same daily chart the price action of Bitcoin has formed a bullish pennant. At this time the price action is at the support of this pennant. And after hitting the resistance at this time BTC is at the support of this pennant and the green bullish candlesticks are appeared showing the tendency of the priceline to move up. The support of this pennant is also very critical if it will be broken down in the price action can start a strong bearish move as we have discussed in case of breaking down the channel support as well. The formation of bullish BAT: Now I would like to drive your attentions towards a very important move and that is the formation of bullish BAT pattern on the daily chart. At this time priceline of BTC is forming the last leg of this is BAT. And for the completion of this final leg we need the retracement between 0.786 to 0.886 Fibonacci sequence that starts from $8500 and ends up to $8300. If the price action will complete this is BAT that then there will be strong chanes that the price action can start a very strong bullish move from the potential reversal zone of this bullish BAT pattern. However the potential reversal zone of this pattern should be considered as stop loss. Because if the price action will break down this level then it can move more down for the formation of bullish Crab pattern. Conclusion: It is confirmed that post halving the Bitcoin starts very strong and long term bullish rally, however this is also a fact that pre or post halving period the Bitcoin also completes a bearish move as well. Therefore in case of breaking down the supports the Bitcoin can move further down, however if the supports will be saved then the Bitcoin can start long-term bullish move from here. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITSTAMP:BTCUSD
by moon333
1
Looking For Clean Break Above 9200 Before Reentering LongsI exited my long from 9K~ at roughly 9.12K. I had an opportunity to exit higher, but there seemed to be a chance of further upside if we broke 9.2K. Unfortunately, we were rejected at resistance and now we are ranging a bit lower. I'm looking for a clean break of 9200 to reenter my longs. This is a strong point of resistance on low time-frames. If we get a clean break, it would be reasonable to go long there, anything below is just more chop and will likely get you stopped out if you aren't going for HTF positions.
BITSTAMP:BTCUSD
by C19Trading
2
Will Bitcoin crash more???Hi friends hope you are doing good. In my previous post I have shared with you that the price of BTC has formed a bearish BAT on a short time 4 hour chart, therefore a drop was expected and we can see that the price action was not able to move up from the potential reversal zone of this BAT pattern. And first price action dropped on 15th of May and now we have witnessed the recent drop upto $8800 as per bitstamp exchange. This drop is up to 0.618 Fibonacci golden ratio therefore there can be possibility that the price action I will try to move up from here. RSI was giving bearish indication: In my previous article we were watching the movement of the price action and the RSI on 1 hour chart. But this is now reflected upto 4 hour chart. And we can clearly see that the price action was moving sideways on the other hand the relative strength index was in downtrend. As we have already discussed that if the price action is moving sideways or upward but the RSI is in downtrend then it is if bearish signal and we can expect a drop. Because in most of the cases the price action follow the trend of RSI. Is it a double top? After hitting the $10,000 the price action dropped down and recently it reached again very close to the $10K and now moving down. Most of the traders are considering it as double top move that can lead to a very big drop. But if we watch closely then it can be clearly seen that after reaching at $10,000 the price action did not drop even upto 0.382 Fibonacci retracement, therefore this drop was not sufficient to be called as a double top that can produce drastic downward move. Bull flag or bull trap? On the daily chart the price action of BTC is forming a 3rd bull flag. At this time the price action is moving sideways and being consolidated between the current expected bull flag. Now if the price action will be moved up from here then it can from another bull flag or otherwise if it will be dropped down then it can be able trap that can lead to a downtrend. Will Bitcoin follow the same pattern with combination of these indicators? In my previous post we have observed that since October 2019 the price action of the leading cryptocurrency is following a specific move with the combination of different indicators: the MACD ,vervoort heikin Ashi long-term candlestick oscillator and the Stochastic. And we have witnessed that when the vervoort heikin Ashi long-term candlestick oscillator turns green then first the MACD gives the sell and then buy and the sell signal again then Stochastic gives bear cross and the price action starts a bearish rally. This time when the vervoort was turned green then MACD gave sell, buy and selll signal. Therefore if the price action of BTC will follow the same pattern then we can expect another drop that can lead the Stochastic to enter in the over sold zone. The channels and moving averages: We can see that price action has again formed another channel like it had formed back from December 2019 to February 2020. At this time the priceline has reached at the support of the channel as we were expecting there are chances that the price action will take another bounce from here to reach the resistance level. We can also see that the 50 simple moving average has formed a golden cross with 200 simple moving average. This golden cross between the 200 and 50 SMAs is considered as a strong buying signal among the traders community. Therefore there are chances that now the traders will jump in and lead the price action up to the resistance. EMAs can give us idea whether the priceline will breakdown the support or not: If we take a look at the previous channel then we can also find such golden cross between the 200 and 50 SMAs. But at that time these moving averages could not provide strong support then how we can predict that this time the Bitcoin will not break down these two simple moving averages. For that we need to watch the movement of the exponential moving averages with the time period of 10 and 21 on the same daily chart. And it can be clearly seen that before the priceline broke down the simple moving average 200 and 50, it broke down the exponential moving averages on 27th of February. That was a clear indication that the price action has turned bearish, therefore the simple moving averages were also broken down. But this time the price action is using the EMA 10 and 21 as support if these exponential moving averages will be broken down then we can expect that the priceline will also break down the channel resistance and the SMAs can also be broken down. Down channel on long term chart: Here I would like to recall the down channel again that has been formed on the weekly chart. At this time the price action is trying to break out the resistance of the channel that is really very strong and not broken down since June 2019. Once this resistance will be broken out then the Bitcoin can start as very long term bullish rally. If we watch the simple moving averages on this chart with the time period of 50, 25, 100 and 200 then all the moving average it has almost form the golden crosses with each other. The only final golden cross between 25 and 50 simple moving average is due. Once this bull cross will be appeared then a complete opened alligator mouth of SMAs will be formed that can lead the Bitcoin towards achievement of higher price ever in its history. And it has already happened before Dec 2017. Resistance block is not broken out sofar: Finally I would like to talk about the most strongest resistance block that the price action of Bitcoin is not able to break out since October 2019. This is a most strongest block that has been working some times as support and some times as resistance since January 2018. The BTC needs to break out this resistance bock then it can also break out the $10,000 resistance level. But in my point of view this is block is more important than the $10,000 resistance level. Conclusion: Sofar the support of the channel on the daily chart is holding the price action well. If this support will be retained then the price action can again start bullish move for the breakout. But once this support will be broken down then we can witness a further down rally up to the 200 SMA that is at $8000.
BITSTAMP:BTCUSD
by moon333
1
This Bitcoin Umbrella Chart Shows Amazing Performance Of BTCHi friends hope you're well today I'm going to show you an eye opening technical analysis and comparison between Bitcoin and S&P 500 to see which one is the best for investment. A drastic drop and recovery rally: I would like to take you to the daily chart to see the recent drastic drop in the both markets and the recovery rallies. First if we take a look at the chart of S&P 500 then it can be clearly observed that after strong a bearish move from Feb to March 2020 the price action started a bullish recovery rally. And from the lowest price of March up to the highest price of April 2020 the S&P 500 recovered 34.8%. On the other hand if we take a look at the Bitcoin chart then from the lowest price of March up to the highest of May 2020 the leading cryptocurrency has recovered 161%. Now if we switch back to the S&P 500 chart again then it can be clearly seen that after this recovery rally the price action is not able to move back to the previous level where it was in Feb 2020. The highest price of the Feb was $3393 and after this recovery rally price action has reached maximum up to $2,954. It's mean that the S&P 500 is still in 14.8% loss. On the other hand in the month of February the highest price of the Bitcoin was $10,495 and after this recovery rally the price action has reached up to $10,074. So the Bitcoin is in 4.2% Loss. But this difference is also showing that BTC has almost recovered. Is this V shape recovery is a call to “kiss of death” sell signal? The Bitcoin And the S&P 500 both have the V shape recovery rallies. And among the traders community it is considered in most of the times when the priceline recovers in V shape then it can take another drop to retest the previous low price level. And it is also called a “Kiss of death” sell signal. Now we need to understand how much these recovery rallies are firm and the price action will be dropped back or not. For this purpose we need to place the simple moving averages on the on daily chart of both markets with the time period of 25, 50, 100 and 200. We can see that priceline of S&P 500 has broken out the 25 and 50 simple moving averages but not able to cross up the 200 and 100 SMAs. Now the price action has bigger moving averages at the resistance and the smaller time period moving averages at the support. Therefore the pressure from the above level is more than the pressure from the downside. The strongest support that the price action has is the 50 simple moving average but the 50 SMA is already moving down. On the other hand if we take a look at the Bitcoin chart then the price action of BTC has crossed up all the simple moving averages. And at this time it has the support off all these four SMAs. The 25 simple moving average has formed the golden cross with all other simple moving averages and 50 SMA is moving up to form the golden cross with 100 and 200 SMAs. Once the 50 simple moving average will be able to form a golden cross with 200 SMA then it can produce a powerful bullish Divergence. Because the golden cross between 50 and 200 simple moving averages is considered as a strong buying signal among the traders community. And this cross can be a big call for the bulls to jump in to the market. Therefore the Bitcoin has more strong supports on the daily chart as compared to the S&P 500. The SMAs on weekly chart: Now if we switch to the long-term weekly chart and observe the same simple moving averages then we can see that after breaking down the 200 simple moving average the S&P 500 broke out the 200 SMA again and at this time it is struggling at 100 simple moving average resistance. After this moving average price action will have 50 and 25 simple moving average resistance levels to be crossed up. Moreover the 25 SMA is moving down to form a death cross with the 50 SMA that can stop the price action to cross up the 100 simple moving average resistance even the price action can drop down again. On the other side if we watch the Bitcoin weekly chart then the price action of Bitcoin has crossed up all the simple moving averages and at this time it is above 50 SMA support. And the 25 SMA is moving up to form a golden cross with 50 SMA. And this golden cross can produce a powerful bullish rally. Bitcoin 10 year umbrella chart: Now I would like to take you to my Bitcoin 10 years umbrella chart. After e a lot of research and hard work I have developed this chart. This chart has 10 candle sticks and each candlestick represents a complete one year. With each candlestick I have mentioned the below information: 1. Year of candle stick. 2. Profit percentage from opening price to highest price 3. Profit percentage from opening price to closing price The opening price shows the price of the Bitcoin when the candlestick was started in January. And the highest price represents the highest price that was achieved by the price action in that year. And the closing price shows when the candlestick was closed or ended in the month of December. In above Bitcoin umbrella chart you can easily observe the profit ratio in percentage of each year from opening to highest price and from opening price to closing price. And at the end I have also mentioned the grand total the profit ratio from opening to highest price and from opening to closing price. And you will be amazed to see that the grand total from opening to highest price of 10 years is 17915%. And the grand profit total from opening price to closing price is 7597%. It's mean that a lay-man who even didn’t know anything about the trading. And he would have bought the Bitcoin when the year was started and sold the BTC when the year was ended and he would have been repeating the same practice for 10 years then he would be at 7597% profit after 10 years. No other asset or market can produce such a huge gains like the Bitcoin did. S&P 500 10 year umbrella chart: Now let's move to the S&P 500 10 years umbrella chart. And you will find a very big difference between the profit ratio that has been generated by the S&P 500 and the Bitcoin. As the grand total from opening price to highest price of 10 years is 314.5%. And the grand total from opening price to closing price of these 10 years is 189.5%.That proves that there is no comparison between the performance of Bitcoin and the S&P 500. Even though the S&P 500 is the index that is the most out performing among all other indexes and markets. Conclusion: As the most outperforming asset the Bitcoin has proven itself not even the king of all cryptocurrencies but also the master of all assets. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITSTAMP:BTCUSDLong
by moon333
Bitcoin Again Going Parabolic To Hit Upto $300KHi friends hope you are well today we will see how the Bitcoin turns parabolic after every halving event. For this purpose I would like to take you back to the first halvening event of 2012. And on weekly long-term chart we can observe that after the halving event the price action went strong bullish and moved in parabolic way for next one year. This powerful bullish rally was up to 10,000% and that was really a big move. After achieving the highest price the BTC dropped down again and in June 2014 the Bitcoin showed a recovery rally. That was the time when the people would be thinking that it it will be recovered back to the highest price that was $1163 at that time. But the price action moved down again and retraced up to 0.786 Fibonacci level. After this retracement the price action formed a double bottom on the strongest support of 200 simple moving average and turned bullish again. Parabolic move after halving event of 2016: Now if we take a look at the halving event of 2016. Then after this event the price action againg turned parabolic bullish and produced more than 3000% gains. After achieving the highest price the leading cryptocurrency dropped down again and in the month of June 2019 the price action again showed a recovery move up to $13880. And this was the time when we were thinking that the Bitcoin has finally started recovery rally and it will be moved back up to the previous highest price level. That is the $20,000 but the price action of Bitcoin again moved down and retraced up to 0.786 Fibonacci level. This time we can see that the priceline has again formed a double bottom on the 200 simple moving average on this weekly chart like it was happened back in 2015. Parabolic move after halving event of 2020: Now after this double bottom formation on 200SMA the price action has gone through the 2020 halving event. Therefore we can expect another parabolic move by the priceline of BTC. If we notice the previous bullish move after the halving event of 2016 then that was 70% less profitable than the bullish move that was happened after the halving event of 2012. So if we expect the 70% less profit that was produced after the halving event of 2016 then the BTC can easily achieve $100,000 price level. However if the Bitcoin again produces 3000% profit than it can reach upto $300K. Bitcoin is parabolic since came into existence: Now if we take a look at the complete price action of Bitcoin since it has been came into existence. Then it can be clearly seen that the Bitcoin is moving parabolic. And it has never truned bearish, because we can see after achieving every highest price level the Bitcoin retraces between 0.382 to 0.786 Fibonacci retracement level. And the retracement upto 0.786 Fibonacci level can be called a correction move. Therefore we can say that after achieving every highest price in the history of Bitcoin the Bitcoin starts a correction for the next bullish move. The most important factor behind this parabolic move: On this weekly chart we can also observe that the basic reason for the parabolic bullish move of the Bitcoin is the 200 simple moving average. As this moving average is also moving in parabolic shape and not letting the price action to break down this 200SMA support. And this time again the priceline has hit at this support level and took bounce for the next bullish move and the 200 SMA is lifting up the Bitcoin price level in the parabolic way. Conclusion: After every halving event the BTC turns parabolic. If this happens again then Bitcoin can easily reach the $100K to $300K price level within next 2 to 3 years. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITSTAMP:BTCUSDLong
by moon333
Why The Bitcoin Dropping Fast Before The Bitcoin Halving 2020Halvening event of 2012: Hi friends hope you're well and welcome to the new update on Bitcoin. Today we will try to understand why the Bitcoin is dropping fast just before the halvening event. In order to understand this situation we need to move back to 2012 to watch the history of the Bitcoin halving. Then we can observe that when we had the Bitcoin halvening event in November 2012 then BTC started dropping down in August 2012 this drop was started from 18th August to 20th August 2012. And this was a steep waterfall crash after that the Bitcoin recovered but just before the having the Bitcoin dropped down again in October 2012. After that we have witnessed a strong bullish rally of more than 10000% for next one and a half year. Halvening event of 2016: Then in halvening event of 2016 we can notice that before the halving BTC started dropping down in Jun 2016. This drop was started from 19th Jun to 23rd Jun 2012. And this was another steep waterfall crash like we had before the halving of 2012. After that the Bitcoin recovered but just before the halving the BTC dropped down again from 3rd July to 2nd Aug 2016. After that we have witnessed a strong bullish rally of more than 3000% for next one and a half year. Halvening event of 2020: Now in current halvening event of 2020 we can again notice that before the halving BTC started dropping down from Feb to March 2020. This drop was from 15th Feb to 13th Mar 2020. And this was another waterfall crash like we had before the halving of 2012 and 2016. After that the leading cryptocurrency recovered back. But just before the halving the BTC has started dropping down again same as like before in 2012 and 2016. After this drop we can expect a long term bullish rally. This combination of these indicators has given final sell signals: As in my previous posts I told you that I am looking at the movement of BTC using the combination of these indicators to observe the bullish and bearish trend . 1st: Vervorrt heikin-ashi long-term candlestick oscillator. 2nd: Moving average convergence divergence (MACD). 3rd: Stochastic indicator. Ater placing these three indicators I came to know that since October 2019 the Bitcoin is following a specific pattern for the bearish rally. The Vervorrt heikin-ashi long-term candlestick oscillator is a powerful indicator that shows that the priceline is in bullish or bearish trend . When it turns green it means that Bitcoin is in bullish trend and when it turns red color then it means that Bitcoin is in bearish trend . Now after noticing closely the daily chart it can be observe that whenever this vervoort indicator turns green then the MACD indicator 1st gives sell signal and then again it gives buy signal and again it gives sell signal and on this third sell signal if the stochastic also gives the bear cross then the BTC turns bearish and starts the bearish move. It can be witnessed form 24th of October to 25th of November 2019. Then from 23rd of Jan up to 13th of March 2020. And if we see the current situation then the vervoort is again in green color and giving indication that we are in bullish trend , and the MACD has given a sell signal and after that we have received the buying signal and at this time the MACD has given the sell signal. Therefore we can expect that this time the bitcoin again follow the same pattern that it is following since October 2019. And it will start a bearish rally. This time I have also placed the relative strength index (RSI) oscillator. Then we can also observe that whenever we receive the final sell signal by the MACD and the BTC starts bearish rally then the RSI also visits the oversold zone. Therefore we can expect that if the Bitcoin will start a proper bearish move then the RSI will also again visit the oversold zone. Now up to what extent the Bitcoin can drop: Now the question is that if the Bitcoin start a bearish move then up to what extent the BTC will be dropped. For that first of all we need to watch out for an up channel formation that the Bitcoin has formed on the daily chart. This up channel is same as like the previous up channel formation that was formed from December 2019 up Feb 2020. And after breaking down the support of previous channel the price action turned very strong bearish and easily broke down the simple moving averages supports with the time period of 50, 100 and 200. And now it has a again started another up channel from March up till now. Here we can observe after a very strong attempt to break out the resistance of the channel finally the price action is likely to be filled in breaking out and now it is dropping down to hit the support of the channel. Here we have the 100 and 200 simple moving averages supports at the same level where we have the support of the channel and these supports are at $8,000. Then we have the 50 simple moving average support just below the support of the channel. And the 50 simple moving average is moving up to form the golden cross with 100 and 200 simple moving averages. If the 50 SMA will continue this upward move to form the golden then the priceline will not break down the support of this channel, however if the 50 simple moving average will not continue its upward move and it will start moving down then the price action will easily break down the 100 in 200 SMAs and the support of the channel. The Bitcoin has failed in re-testing the resistance block as support: We have already seen that on the daily chart the priceline was trying to breakout the resistance block from $9,000 to $9500 level. This is the most strongest support and resistance block that the Bitcoin could not breakout since after the drop off Dec 2017. Once in the month of February 2020 we have witnessed that a Bitcoin broke out this resistance block. After breaking out this resistance block the Priceline tried to retest previous resistance as support but this re-test was unsuccessful and the priceline dropped all the way down up to $4000. Now again the priceline Now I again the priceline of leading cryptocurrency has repeated the same move. The Bitcoin broke out the resistance of this block from 8th to 9th May 2020 and after breaking out the BTC tried to retest the previous resistance as support but again it has failed to retest this resistance block as support and dropped down. The Bitcoin is likely to be failed in breaking out the resistance of channel on long term chart: Now I would like to divert your attentions toward the down channel that has been formed on the long-term weekly chart. And we can see here that the priceline was also trying to break out the resistance of this down channel. But so far it is not successful in breaking out the resistance. If the Bitcoin will break down the support of the channel that has been formed on the daily chart then it may retest the 100 simple moving average support that we have within the down channel on this weekly chart. And this 100 SMA support is at this time at $7,100. If the price action will breakdown the 100 simple moving every support then it may retest the 200 SMA support and that is at $5700 at this time. And in case of breaking down the 200 simple moving average the Bitcoin may re-test the support of this down channel and that is at $4,800. However I'm not expecting as that much powerful downward move. In worst situation I'm expecting that the Bitcoin will take a bullish bounce from the 200 simple moving average support as we have already discussed in my previous articles that this is the strongest support ever in the history of Bitcoin that has been never broken down since it is appeared. However the further downward move depends in breaking down the support of an up channel on daily chart. Conclusion: All the chart patterns and the indicators are giving bearish signals, therefore the priceline of Bitcoin may turn bearish on short-term. But on long-term after the halving event we can expect a very strong bullish rally for at least 2 years. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITSTAMP:BTCUSDLong
by moon333
5