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Bitfinex

What Will Do Bitcoin On Monday?Bitcoin (BTCUSD) peaked at $10,074 on the 7-May and prices are now trading near the $9000-$9300 price range. Bitcoin is no longer trading near resistance, now it is going towards support. I saw some signals out of the charts and technicals that are really strong and pointing to a drop. Mondays can be bloody for Bitcoin so please be cautious. The potential targets for this drop start at the $8600-$8500 levels which can quickly move lower on strong volume. Looking at the low volume this weekend prompts me to prepare some more. Remember that there can be the fake/sudden move to the contrary side to shake a few positions up, but once that is over Bitcoin can start to drop. Conditions for change For BTCUSD to go bullish in our view on this setup, prices need to move and close first above the EMA10/Green line ($9330.68). As long as Bitcoin remains trading below this level, we stay open to seeing prices drop anytime. Namaste.
BITSTAMP:BTCUSDShort
by AlanSantana
80
Possible movements of the total crypto market valueIf you look at the chart, the crypto market value made a bullish rally until the first quarter of 2018. Afterwards, market value; suffered a decline. The first bullish wave acted in a half curve pattern. In the downtrend, we see that it moves in a smaller size curve pattern. The chart now faces very strong resistance; however, a strong rise may come when it crosses this resistance area. If this chart breaks up, it will also break the long-term bull pattern up. This situation may lead to an increase in the market in the medium and long term. Possible movements are shown by the arrow. The direction is up unless the market value is closed weekly below the small curve pattern.
CRYPTOCAP:TOTAL
by TraderMikabot
Bitcoin faces a possible pattern that will reverse the uptrend.Bitcoin price has been on the rise in a parallel channel since the last sharp fall. As long as Bitcoin doesn't go under this channel, it would not make sense to talk about a bear market. But there is a problem. Market left the clue of a downward parallel channel. In addition, there is a possible diamond pattern above. If the downward parallel channel is formed, the diamond pattern will work; may cause the trend to reverse. If this pattern works, bitcoin could drop towards 6800 levels.
BITMEX:BTCUSD.PShort
by TraderMikabot
2