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Bearish butterfly pattern on the BTCUSDSHORTS chartAlong with with having using the BTCUSDSHORTS and BTCUSDLONGS charts as indicators of the BTCUSD chart(using trend lines, fib retracements, and common indicators on them), often giving me a very good idea of when price was about to reverse when signs weren't exactly showing on the BTCUSD chart itself. Trend lines on the indicators themselves, no matter what the chart is, often have been very helpful too. The more reasons to take a trade(or be bullish/bearish), the better. Anyway, now that I'm on a harmonic pattern kick, I had to find a corresponding bearish pattern to go with the bullish Gartley pattern within BTCUSDLONGS(see related idea).
BITFINEX:BTCUSDSHORTSShort
by tomtourettes
Bitcoin Today: No for ETFs in near future?Price Saturday brought another-one dive and left the price hanging on the 7000 support level. So, the downtrend continues to escalate rather quickly and do not show any intentions to settle into a lateral correction. The July 17 – August 4 figure already looks like a Head and Shoulders and could be a sign of reversal for many. Nonetheless, the last level which protects the bullish view is 6600 support, which lies slightly below the 61,8% Fibo retracement of the July uptrend. So, from the bullish view 6600 – 7000 zone should play a supportive role and push the price up; otherwise, we will be aiming for the 6000 level. Today forecast Trading in the 6800 – 7300 zone. Latest news Starbucks clears rumors about accepting Bitcoins Starbucks has clarified that it will not be accepting Bitcoin (BTC) or other cryptocurrencies as payment, despite misleading reports from mainstream media. A spokesperson for the multinational coffee chain that in fact “customers will not be able to pay for Frappuccinos with bitcoin,” but rather the company is part of a new venture creating a platform, Bakkt, to “convert digital assets like Bitcoin into U.S. dollars, which can be used at Starbucks,” adding: “At the current time, we are announcing the launch of trading and conversion of Bitcoin. However, we will continue to talk with customers and regulators as the space evolves.” SEC Approved Bitcoin ETF Possible in 18 months The US Securities and Exchange Commission (SEC) could approve a Bitcoin ETF in the next 18 months, said Ali Hassan, the CEO, and one of the three co-founders of asset manager Crescent Crypto. Hassan, a former Goldman Sachs executive, was speaking at Bloomberg Markets studios about the considerable potential of passive management strategies in cryptocurrency markets. On being asked about the SEC’s rejection of Winklevoss Bitcoin ETF twice in a row, he acknowledged the US regulator’s concern about investors’ protection. However, Hassan proposed passive investments as a solution to reduce some of those concerns, saying that they will “actually increase the participation in the market.” “We do think that a product is coming soon,” said Hassan. “Perhaps, in the next 18 months, we’ll see a Bitcoin-only ETF.”
BITFINEX:BTCUSD
by DestinationMoonCrypto
Sickest bulltrap ever? or 10.k+?Entered back into the initial FAILED o uptrend because of its steep slope resistance is strong around 7750- 7820 Looking for a close (D) above 7.8 before the next big push forward As previously stated we have not moved back for a retracement (just sideways movement followed by upward swings) Trendline/Slope is very aggressive I predict a fall back into the 6.8k=7.0k for support and then and then and then we can m00n technically. Not randomly. But whichever m00n will work. Sickest bull trap ever? Or will we move to 10.k+! Find out on the next episode of BITTTTTTTTCONNECT!
BITFINEX:BTCUSD
by angel0wnz
2
BTC Chart UpdateBTC need to break long downtrend line (Marked: 1-2-3), $7800 resistance and if Bitcoin will do this - next stop is $8200. Then we must to stay above $7600 - $7800 correction price level for bullish uptrend confirmation. If we won't stay in this zone BTC could drop to $7200 support. Let's see what we got in coming days, but 8K is coming very soon, we have strong volume behind the move! You can simply subscribe to our channel in telegram for future BTC's chart updates. t.me
COINBASE:BTCUSDLong
by bitconsul
BTC UPDATE! Bottom, bounce, waves and levelsHi, guys! In this chart, I want to share with you the most important Support and Resistance levels that necessary to know regardless how things will unfold. At first of all, I want to bring your attention to the inverse H&S that I called a week ago. It keeps forming but with a little delay. Smaller INV H&S already was executed, target reached and we are heading to the right shoulder of large inv H&S. We just broke a short time resistance at $6220 which for me was a reversal/buy confirmation, but I've been greedy and scooped some at 6050 and 5950 without confirmation because it was the level of the strongest support that BTC ever has , and it would be unforgivable to miss it. Now, look at the support/resistance levels. This is key levels that we should keep an eye on to don't sell the support and buy resistance, as many folks like to do. Thiknes of this levels is calculated very accurately, so, don't disregard it , the thickness is different for a reason! Level can't be considered as broken without complete penetration of the level. My target ATM is 7600 where we will meet a very strong downtrend line that showed brutal resistance three times in a row. If for any reason that level will be broken, resistance at 9k will be a confirmation of the big move up to $13500 . Of course, we will need to deal with all resistance levels that you see on the chart on the way up, so keep this chart close to check up later on, or mark this levels on your own. //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
COINBASE:BTCUSDLong
by LanaFL
12
Bitcoin is Forming a Tripple Bottom...BINANCE:BTCUSDT is now holding at our old support.. $6500 Level. & Forming a tripple bottom reversal chart pattern, which is a reversal sign.. Yesterday, the price touched $6600 level & bounce back from this level.. Now price is at $6700 level.. There is a lot of chance that, the bullish rally goes to happen.. In Fundamentally, We all Know FIFA World Cup is on the Corner and Huge Money Going to Come into Crypto Space for That & This Year FIFA World Cup is Accepting BTC as a Payment Method for their Ticket selling, Whenever a Game/ Match Happens There are Many Big Betting Games Goes On Where People Put Money on a Particular Team and The Good News Here is that Now People can Use BTC for This Betting kinda Thing Which is also a Bull News As Well For Crypto/ BITCOIN. So we can expect the bullish rally in upcoming days.. *****If You Like My Ideas,then hit the like button & Follow me for Latest Updates..****** Disclaimer: I am not a financial advisor. Please do your own due diligence when it comes to investing. Never put in money that you cannot afford to lose. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. " Be Happy, Be Disciplined & Keep Smiling "
by iamiyaranjan
1
Bitcoin: Next stop 12500Bitcoin has been correcting in an ABC pattern since December last year. Five waves of the A wave were completed at around 6400. The B wave started at this level. The B wave itself is made up of smaller a, b and c waves. I correctly predicted the start and the target of the latest correction wave (see some charts copied below). Now, I think that there are two possibilities: Bitcoin could have already completed smaller a and b waves and could now be getting ready to move into the smaller c wave (see a chart below). The big B wave will complete after the completion of smaller c wave. It could have only completed wave (i) of the smaller a wave and the rest of the structure of waves a, b and c is yet to unfold (see the main chart above). Interestingly, Bitcoin will move up to around 12500 in both situations! Other altcoins are also expected to follow a similar pattern. Cheers ND
BITFINEX:BTCUSDLong
by ndau
1
Symmetric triangle bullish continuation forming!Hi guys, I am thrilled to see things going as predicted as the chart hit my prediction of 7450 USD today (Please see my previous chart). Now that we have confirmed this, it seems that BTC is coming towards another end of a triangle. I've had a look at some respected traders predictions and many believe the triangle formed is a bearish one. However, if we zoom out a little further its actually a bullish triangle and this is what I am putting my expectations on. Don't let the panic fool you guys, as I've said before, the run is coming. I'll be back in a couple days for another analysis on what I've said today, remember, DYOR!
COINBASE:BTCUSDLong
by SIMON_G
1
I've Set a Buy For Verge XVG at $0.0486I have discussed Verge previously in my postings. I believe it's a great project with a very active and enthusiastic community. It has also made a very large deal for Verge to used as an online payment systems for MindGeek and it's group of companies. Verge was selected over Bitcoin, Ether, and Dash as well as other coins for two reasons. Verge is extremely fast to confirm transactions, on the order of a few seconds, and it's extremely private including the use of TOR to mask it's traffic. MindGeek is the largest purveyor of Porn on the internet, it has a massive presence and business. This is a big deal! I'm not endorsing their Porn business, but it's a good investment in the payment system in the same way investing in Visa and Mastercard would be if you could get such a favorable opportunity. I have placed an order to buy Verge at $0.0486 which I believe is a great target price based on the chart history. However buying Verge anywhere in this price range is a good move. I already hold Verge in my core portfolio which I bought at much lower prices than $0.0486 some time ago. See my previous charts for deeper explanation of the chart and Verge's prospects as a coin. Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work. All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor. Wishing you success, Isaac
XLong
by 6Shooter
6
BITCOIN Ready For TAKE OFF - But How Low Will We Go Before???Dear Friends :) So most people are starting to become bearish now - I'm not though! O.k, short term we will probably go a bit down - but we will soon go into a new steep uptrend and go into a BULL MARKET - I showed you that in my comparison chart between B'T'C and S.P.Y. (S&P 500) 2 days ago, which has been pretty accurate. It really seems like we are following S.P.Y. with delay. It is very hard to determine how low we will go before we will have the conclusive reversal. Many people says 7,200 USD, which is not unlikely at all. But I think we will be surprised. Let's take a look at the 4h BTCUSD chart. As you can see, we have 1-5 Elliott Waves up (with truncated waves due to 10,000 USD-resistance) and now have a combination ABC-corrective pattern (which we also can label WXY). I will here give you a big overview. HOW LOW WILL WE GO? Red And Grey Zones: Let me start to say, why I think it's unlikely we will go below 6,900 USD. S.P.Y is my main reason - it tells us, if we apply those price movements to BTC, that we won't go as low. Also strong support levels before. Orange Zone: Around 6,9k to 7,6k is definitely likely. The big bear flag could take us down in this area, we have super strong support around 7,2-7k USD, where we have the up trend line and also 78,6 % retrace. Green Zone: +7,700 USD where we have 61,8 retrace. Minor waves matches this area pretty good. On top of that there could also be some strategic reasons for whales to pump it around 7,7k-7,8k IF a lot of people start to entering short positions. I promise to keep you updated! D4 <3 And as always. Please give me a LIKE if you appreciate my work. Thanks in advance :)
BITFINEX:BTCUSD
by D4rkEnergY
150
BTCUSD - descending highs from FIBO 718Hello again ! Everything I noticed is drawed in this idea, at 4 hour timeframe. In practice, as BTC -3.79% -4.20% broke above FIBO 718 by 18th January, also started decrease value & failed 5 times, at all highs during way. So at this point, I can extend line and create a blue descending triangle , that I could tracking and follow. I want to see, If Bitcoin -3.79% -4.20% will realy follow this slow downtrend, or is capable to jump from green EMA 1200 acting as an important support, higher to pierce triangle at the top. I personally guess, it will continue below, or do another lower highs above EMA 1200 - of course, again lower. MACD apperas for downtrend too. I would make a longer-term investments. So this chart is dedicated to long-term holders , aiming to buy bottoms. As ussualy, ALTCONS will in major follow leader = Bitcoin -3.79% -4.20% . Easy-said, BTC falling in longer timeframe with smaller bull-runs & we need to get above FIBO 618 to confirm BTC dominance. In longer perspective, I am very bull for CRYPTO projects. That´s all by me. Please, do not trade by my ideas and make your own decisions. If you agree with my chart, leave a like. Sincerly, Mario Emvo. *This is not a financial advice. *Only for educational pursposes.
COINBASE:BTCUSDLong
by EmVi
Bitcoin in a Wedgie, Altcoins could BoomSummary: Hold cash in your trading funds for a breakout to the upside and hold your investment positions. Trading on margin is a fools game in this market it's screaming short squeeze. We have been in a Bulkowski's Descending Broadening Wedge formation for the last 8 days or so. According to the rules for a long term bull market we have touched the bottom of the wedge for the 3rd time at March 30th and that should have been a buy. However I did not buy, since the volume was not supportive of a buy in my opinion. I am also considering Bitcoin to be in a short to mid term bear market with a long term bull market still in place. If you take a look at the ellipse on my chart it highlights what I consider to be a very dangerous area. A cross of the price at the intersection of the line labeled previous downtrend support, the bottom of the descending wedge, and the descending red dotted line of the long term decent would be very bad. If the price were to cross the 4560 area in any case it would be likely that prices could decent to the 3627 quickly and then lower. The RSI wants to go up as well as the MACD. Watch for a breakout over the upper yellow line of the descending wedge. That will be a sign to go on alert for a possible trade. If we should get a breakout above the 7250 range, then the current downtrend should be over and a new trade can be opened. If a trade opens then be watchful of the 60 Period EMA in Red above which is currently around 7557 for strong resistance and a possible pullback. A close above the EMA would be very postitive. When the market breaks to the upside on Bitcoin, I will also add to my alts, top of my list currently are Verge XVG, Lumens XLM, OmiseGo OMG, Dash, Waves, and Golem. All of these are solid projects with good teams and have the ability to quickly rebound by 300% to 500% in price. Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work. All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor. Wishing you success, Isaac `
by 6Shooter
BTC/USD Eyeing The $12000 Strong Confluence Resistance Feb 19 Bitcoin retraced somewhat yesterday on bearish divergence and today it pierced below the daily pivot point at 10600 but is now back up above again with a close. It didn't reach the Kijun sen at 10325 or the channel floor for a test. Also the new Weekly pivot point sits at 9925 just below the channel, today aligned with the daily S1. This level would normally have a pull on price but since we also have the important and untraded Monthly pp within reach the latter seems to have the strongest pull right now. Bulls would like to see price close above the daily R1 at 11100 which would likely propel price to the 12000 level were we have the strong confluence resistance (upper large channel/Monthly pp/Weekly R1/ S/R level and the daily Kumo Cloud) Chances are that price will bounce lower from the 12000 level at a first hit and it could result in the first larger correction since the 6000 bottom, normally to the 61,8 fib or if softer the 78,6 fib of the whole upswing. Overall, price is correcting slightly around 11000 but there still seems to be many buyers stepping in on any minor drop. The bearish divergence could still affect price and we could see further correction below 10250 which would expose the Weekly pp. It is unlikely to see price drop below the important 9500 S/R level before hitting 12000. A first sign of weakness will be the breaching of the minor channel drawn on the chart.
BITSTAMP:BTCUSD
by CapMoore