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Bitcon

KEEP CALM AND ZOOM OUTThere isn't much to be said here given the very familiar yet healthy performance of Bitcoin price movement here recently. This also serves as proof that this bull market is totally different from the FOMO induced surge of 2017. No, currently the market is to me, much more stable, more reliable and truly holding up to bitcoins ultimate use case. For the most part we find alot of our support around the 11.1k area though it did quickly correct slightly lower and this is fine given the amount of increased momentum that brought us to our more recent surge allowing us to test as high as 13.2k. I've jokingly began to refer to them as "bull breaks" lol this activity seems to mirror last weeks movements very well and really flexes bitcoin's reliability as a worthy store of value. My advice to those fairly new to this aspect of the cryptospace is to relax and enjoy the ride. Take this time to educate yourselves on the basics of chart analysis, and the history of bitcoin's unique volatility, and ZOOM OUT. Notice that even though a lot of press from FUD to speculations about future movements is done on the small movements, its all smoke and mirrors to a point. Bitcoin's movement is definitely within and along the parabolic trend as it takes its graceful climb towards all new highs within the coming months. its often said to "buy the rumor and sell the news" and at this time i cant think of anything greater to keep in mind. Keep Hodling and happy trading once again :-)
BITSTAMP:BTCUSD
by abarnes90
Bitcoin and the Tether Fraud ..?! We are looking at the difference in price between BitFinex ($5400), CoinBase ($5100), and that's because on Bitfinex BTC trades against Tether not the real USD, and as the USDT price falls, the gap gets bigger. We are looking at almost $240 USD in price difference, and each time we have this, things tend to go sour for Bitcoin ( BTCUSD) Looking at the current price action , it looks like we are going to melt, because logically having this gap, plus the tether problem, is not a great sign for Bitcoin, but for the moment on the Coinbase ( you can use bitmex, its the same ) chart, we are moving on a channel ( check upside and downside rectangles ) Taking into consideration that we just tapped the lower rectangle, I'm on a short-term bias to the upside, and currently on a Long trade, looking for the price to continue to the upside. Downside targets, $4900 -$5000 - Would be taken into the consideration, if confirmed.
BITFINEX:BTCUSDLong
by UnknownUnicorn3394555
3
BIG MOVE UP for BITCOIN? Or not? Russia buys BITCOIN next month?Hello traders! I'm out of time so only keyfacts: We see next things in my chart: That an Symmatrical Triangle has formed with an uptrend RSI, if it continious it results in break out and will be the road to higher green support line. If it break down it will create a big down move to lower support. Current RSI uptrend is building uptrend (bullish signal) Previous RSI was downtrend it resultud in big move down Big move up or Big move down may happen begin february (until 11) There are rumours that Russia will buy Bitcoin in februari because of sanctions from US and EU IF YOU HAVE QUESTIONS LET ME KNOW IN COMMENTS leave a like if you appriciate this idea
BITFINEX:BTCUSD
by Will_Wortel
12