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BTC - Daily Golden Cross Confirmed?!What's going on traders, hope you are having a nice day. I just wanted to check in with this very recent price action that BTC is showing us. After making its way up and over the 200SMA, it quickly used it as support and so far is looking strong to the upside (for now). - A golden cross has just been confirmed for the daily, this is a medium-longer term indication of price action in the upcoming future. The 55EMA has crossed above the 200EMA, a bullish cross... But do not think that buying right away at this price is a good idea! This is due to the fact that price action often gets pulled towards the cross (downwards towards it). Throughout BTC's history, once a golden cross for the daily is initiated price action either falls down into the 55EMA or at least to the 21EMA. Here are some examples: - April 2019 - November 2016 - June 2012 - This one is the most recent 12H golden cross and is a perfect example as the price comes down into the 55EMA and starts to try higher. Bitcoin currently has closed a Daily just underneath a key price level ($9575) that is where the previous candle high closes are located (28th Oct 2019). For BTC to truly break out of the bearish trend it has been in since mid last year, it needs to close at least a Daily above this level with confluent follow-through price action. (This will officially confirm a change in behaviour, as it would be creating higher highs). Right now, based on the previous golden crosses, I am looking for sideways movement and potentially some down where it may test the 10SMA or 200MA as support. (I just wanted to include this as I like to use it to base long term trends from it) - This is the Gaussian Channel , and it has turned green recently on the 19th Jan. This is extremely reliable in showing the longer-term trend, and this would mean long-term bullish. Don't get me wrong, I believe this year BTC will continue its bull cycle as the halving gets ever so close! (ETA 15th May)... For now, I am not opening any more long-term positions until it either breaks these levels, or tests the areas I have mentioned and shows strong bullish behaviour. - Please let me know your own thoughts on Bitcoin's price in the comments! Cheers.
COINBASE:BTCUSD
by olleyy
2
BITCOIN TO 30KTechnical analysis: a symmetric triangle going to break to 20k then 13k again and then 30k . if you ask when this is gonna happend i"d tell that i dont know when exactly but its gonna happend in the next years maybe. Fundamental analysis : trade war is getting too strong as china sells the u.s bonds and also the devaluation of the yuan. china, russia, U.E is buying gold as a currency for reserve while the fed is cutting the interest rates for the first time in 11 years . Germany had slow his economic growth and is entering on a "technical recession" . China had his lowest economic growth in the last 30 years . Italia is on a recession, argentina had his worst day on history last monday 12/8 . The FMI redefine the world economic growth with a cut to 3.5% , the same level as 2009. Its your decition to be in the side of the looser or in the side of winners...
BITFINEX:BTCUSDLong
by tomiwolf
1
BTC/USD - Either make or breakBTC is currently range-trading between several trendines. The flag we're currently in, is pointing up which statistically is a bullish flag breaking up. If we fail to gain back the previous local top at $4190, price action guidelines say. "Confirmed fail to gain will result in a lower low before it's repeated again". Meaning if we fail to gain $4190, we should be looking at the $3,5k zone for a re-entry for longs. Taking a position where we are now is high risk trading and is not recommended. On the long term, these are two important trends to watch. The top one was the main rejection which caused the BTC dumping from 6k in combination with BCHs fork. If we manage to break above that trend with good volume it's a great indication for bullish continuation towards the 5k area. It's also worth mentioning we got an almost perfect bullish inverted head and shoulders on the 3D chart. The shoulders are having the same candle close, and the neckline is picture perfect straight. Look after this one! If you like it and would like to receive future updates - Please, follow me on TradingView! If you follow me, I guarantee you will receive timely updates to this chart, and all other interesting tickers. This will allow you to stay on top of the current market sentiment and hopefully maximize your profits! For support, sign up to Binance and Bitmex with these links for referral www.bitmex.com www.binance.com If you agree, please, Like this Idea - This would be the best feedback and encouragement for me!
BITMEX:BTCUSD.P
by Pineapple1k
2
ETH is preparing for a bigger move to $200+ On the daily chart, ETH have been forming a big ascending triangle closing in may. Inside this ascending triangle we have also created a small trend line (black) which could accelerated the breakout. The top trend line in the ascending triangle is resting at $162, and all price action below this is considered being inside the triangle for now, unless we break the bottom trend of the triangle marked in blue. Triangles is usually continuation patterns. A descending triangle in a bear-trend is a strong indication for us to break down. A symmetrical triangle/pennant is a little bit more neutral in a bear-trend, but it's also a continuation pattern so statistically speaking it should break down. However, ascending triangle is a bullish pattern which now is appearing in a bear-trend. These sentiments sort of neutralise each other, making it more likely we will break up. Trading between the trendiness can make some crazy good profits! If you like it and would like to receive future updates - Please, follow me on TradingView! If you follow me, I guarantee you will receive timely updates to this chart, and all other interesting tickers. This will allow you to stay on top of the current Ethereum trend and hopefully maximize your profits! If you agree, please, Like this Idea - This would be the best feedback and encouragement for me!
BITMEX:ETHUSD.PLong
by Pineapple1k
1
BTC halving fractal. BOTTOM ZONE HERE?HEY ALL! Welcome to this mind-blowing chart of reversals, tops, bear-markets, halvings, ATHs, FOMO, FUD and fractals! It might seem like a lot in the beginning, but I'll walk you through everything. Without further do, lets jump into it. The first halving happened 28th of November 2012. It happened around 546 days after the top of the first big market cycle. After the first halving it took 364 days to reach the next ATH. The second halving happened mid-july 2012. It happened around 546 days after the market cycle bottomed. After the second halving it took 525 days to reach the next ATH. (actually 546 days if we count from the small peak right before). From the last ATH (19k) its possible it takes 364 days to reach the bottom (see chart) which match up perfectly with 546 days to the next halving happening 25th of may 2020 (give or take a few) This chart isn't accurate, so give or take a week or two as it's using weekly candles. But as you can see, it's the SAME number of days all over the chart! I found it very interesting, and looking forward to see if it's playing out. I added the fractal of the last bottom to the last halving to this time, just so you get an idea on how the price COULD be evolving over time. This is not financial advice, but purely speculation. What do you think?
BNC:BLXLong
by Pineapple1k
2
Bitcoin - Rising Wedge EditionSo, something that's starting to take shape here on the 4H chart is this brutal rising wedge right now. I'm not saying I'd be short from here as if this is a rising wedge, we're likely going to rise once more before we fall. So I'd be looking to short right now at around $4550. It's a good level up there, strong resistance from the last bear flag and would be a good spot to start our decent from. It would also allow for a drop to around $3850 or so to make a higher high off the double bottom and reverse back up from there. There is a chance that we break down from $4220 to around $3800->$4000. The issue with this is I'm not sure $3800 would be enough of a drop after breaking out of a falling wedge. Just doesn't seem like a large enough move. Which would concern me about a potential triple bottom. So we'll have to see how this all plays out for now. I'm not risking a long or short here right now, would rather see how things play out a bit. A break over $4400 I'd long to $4550 probably. A break below this line, I'd open a short to around $4000ish and then scale in on a long from that $3850 area. Lastly however, the 'lean' I'd have is short, simply because the 4H indicators are looking fairly bearish here. MACD is curling and threatening to cross down and TTM Squeeze is currently curling down as well. Will be interesting to see how this plays out over the next 2-3 days.
COINBASE:BTCUSD
by astronautdotgg
Multiple Reversal Possibilities Showing on BitcoinWe're at a zone for a lot of trend reversal possibilities. Many indicators show that we can flip to a bullish trend, including a potential Inverse H&S Patter on 1D StochRSI, floored 4H StochRSI, multiple Bullish Divergences on higher time frames, J-Hook Reversal Candlestick patterns forming on 4H, Ichimoku Cloud Support about to hit on 4H, Fib Retracement 0.382 Level hit, 4H TD9 count soon ... also... lower timeframes showing potential reversal patterns such as a potential reversal Broadening Wedge, or a Falling Wedge being made if it drops a bit lower. These 2 short-term reversals can lead to a bigger Inverse Head & Shoulders ORRRR a larger Diamond Reversal (aka Bart Simpson) pattern being made. Funding has also dropped and gone away for shorts which means there will not be as much sentiment towards keeping shorts open. My market sentiment tool ( Ask me about it via Twitch or my Discord, I cannot post links here ) shows that Longs are being accumulated while shorts stay flat. My position : >> Keeping short open to catch funding. >> Opening longs in Futures as a hedged position. Overall sentiment : Long -Wolfie
BITFINEX:BTCUSD
by TheWolfofPoloniex
6
Recharge before next breakoutNotice how in each of these channels, the bottom line breaks after the third touch (or shortly after). The same should probably happen again here. I think could be potentially explosive as its hung out in this accumulation zone between 6.2 and 7.5 for several weeks now. I think this could potentially ride up to about 7.9k-8 in this channel before coming back down to one of the blue boxes. POA is on the verge of a big break, but it needs a little more time to accumulate. Above 9.5 is really uncharted waters, but theres a decent amount of hype surrounding this project and its new dimension to blockchain. This project should present great upside in the immediate future. If youre looking for a flip and scalp, I have targets listed. Otherwise, id say its a good buy now. Current market cap is $150M so a lot of room for growth. POA main net launches 5/10, so expect a pump over the next several days. Honestly wouldnt be surprised if this 2 or 3xs before then. I dont wanna shill, but alt season + new project + new type of blockchain tech (poa)= massive upside SL - 5.5 P1 - 7 P2 - 6.3 Note: I filled my bags earlier last week, but I like where this is headed.
PLong
by CPA4PAY
2
Only GOD knows? I don't think so #rainingLambos #BitcoinI'm back brothers and sisters. If you got the clue in my previous idea, you would have known the target of 6666. After going over the btc chart 6666 times, I found what's in my opinion most likely to happen. It looks like everything lines up. Especially when a lot of 'specialist' are predicting a W- bottom followed by a moonshot. Yeahhh right, it will be funny how they will say they predicted it until it starts falling again hehe. This is in my view a big WXY(XZ) correction that will be finished in the next month. Right now we are in a wave 4 of 5 I believe. This current wave will most likely not go over 7300-7400. 5th Wave will fall to 5800-6100 (6006.66 is my target). Target for B wave is 7777.77 Final target for C is 4367. It could temporarily go lower but I don't see us staying there or going under 3.5K (not saying it's not possible!) We broke our major support that held us for quite a long time and we will test it again, I will post a daily chart under this so you can get a view of the bigger picture. The biggest support will hold us around 4k. If this breaks I will call RIP BTC. Questions and comments are always welcome! --This is just my opinion, take it with a big bucket of salt--
BITFINEX:BTCUSD
by kingjardan