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BTCUSD OFF TO THE RACESWe have witnessed a great battle in recent times, and much to the relief of many, saner heads have prevailed. 1) In a textbook breakout pattern, we have recently broken out of the downtrend line and came back to touch it before taking off again. I waited for the recent bounce on the line as there was the possibility of reentering the bear channel as price did on Feb 20th but it seems we are good to go! 2) 4H Ichimoku cloud has just crossed bullish with the price already on the upside of the cloud. This is one of my favorite bull trend signals due to its trending reliability. (The price wasn't very high above so it is not something to bet all your eggs on but noteworthy regardless). 3) The 26/02/2018 12:00 4H enormous volume candle is the primary signal I was awaiting for the shift of tides from the bearishness to bullish again (see attached bearish chart), coupled with this successful breakout, that candle is now a confirmed bull trend turnaround candle. As indicated by the green arrows, this bottom happened on a powerful support that sent the price rocketing back up previously on 17/01/2018. This recent volume spike at that level has confirmed the recurrence of such strength which is what was needed to get through and stay through the downtrend line. 4) As you all may see the 0.382 fib has been strongly tested multiple times and is set to break considering it was broken the last time it was tested on 20/02/2018 weakening its strength and now we're coming back for more. 5) Upside target of this move after the 0.382 break is the next order block at 13800 at the red median line of the 2 1/2 year pitchfork. *As shown by the Volume by Price for the Visible Range indicator on the right hand side, there are no order blocks that will provide resistance until 13800. It seems we are off to the races, may march bring great bullishness to all! Act now or fourth ever hold your peace. -FF (SEE COMMENT)
BITFINEX:BTCUSDLong
by FenixCapital
10
BTCUSD update - Looks the sameThere's a lot of hype surrounding breaking the $11,700 mark, I'm just glad we didn't pull back to the next support line. I FOMO'd because I was afraid of missing the bullrun; gotta learn to leave emotions out! 2hr candle pulled up from the support line, I'm expecting sideways movement in the $11,300-$11,700 region (candle has yet to close however). If we stay below $11,300 for too long, I'm expecting our low to be $10,500. $10,500 might have even weaker support; since bears have won just now, bears will want to drive the price down further to stay in an accumulation phase before going for the bull run. Frankly, I'm surprised that we only dumped this much so far. Looking at RSI and MACD, I believe the bulls have lost their steam and a second dump is likely. Major resistance will come again as we approach $12,000.
BITFINEX:BTCUSD
by NeoButane
3
ETH - Take me to the Moon, VirdtalikTake me to the heart of your world supercomputer, oh, Lord Beakerin. Closer to the three digits. To higher marketcaps. Make me believe you're friends with Bitcoin. I want to believe. Yes, I want. Fill me with hype and dreams. I want to believe. Yes, I want. Let me ride your Cup & Handle and take me to the Moon. Entry: 0.052-0.056. TP1: 0.095. TP2: 0.132. TP3: 0.154. Stop-loss: 0.048. Risk/Reward: 3.2:1. Please like and follow if you agree with this idea. Good luck! Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting some updates as I have been doing in my previous posts, but if you want live updates, check out my signature and join my Telegram Group.
Long
by CoinMajesty
9
DGB opportunities dailyAs you can see I drew a fibonacci retracement from the lowest low to the highest high, trying to find the sweet spot for my entry point. Both MACD and RSI are not sending any signal to rush for a quick buy. So lean back, relax and wait until the chart drops below the first resistence level at 0.00000077 (yellow rectangle ) based on the fibonacci retracement (0.382). See if the chart also drops below the resistence at 0.00000073, which was the lowest point of the current downtrend. If it does, the organe rectangle would be a good area to place your entry. If it doesn't the yellow rectangle would be a good spot.
DLong
by paaax
2
Neutral position on BTCI currently have a debit spread open on BTC, with a $100 spread. BTC 31mar17 1100/1200. I expect the price to be trading within this range for a bit, however not all of it is completely sound. The probability of the call leg being In-The-Money is about 60%, and as of current it is trading pretty close to my strike price. To hedge that, I opened up my short leg with a few more contracts, to collect premium and be net profit at expiration, because there's a 40% chance of it ever going In-The-Money from that strike price. If all else fails, I'll adjust my position, and roll down my long call to a lower strike. For now, that doesn't seem necessary. All of the greeks are favourable. Theta decay is high on the short side, but that's also favourable- you want the top option to expire worthless so you get that sweet, sweet premium. Good luck!
BITFINEX:BTCUSD
by michael.oselskyi
BTC/USD Potential Bearish Cypher Pattern #Bitcoin $BTCShort at the .786 PRZ with stops above new highs. Take some profit / move stops to break even at the .382 retracement and close the remainder at .618. I enjoyed this short video on this pattern . Simplified image via Google search . If you're already long, stay long otherwise consider that the 13 EMA is suppressing price at the moment so you might want to wait for a deeper retracement into that yawning chasm in the volume profile with stops below new lows. I occasionally post unpublished ideas / charts on Twitter: @grahvity
BITSTAMP:BTCUSDShort
by grahvity
5