Bitfinex
BITCOIN - Ascending Triangle & Bearish IndicatorsAn ascending triangle on lower time frames is forming.
MACD about to cross bearish below 0.
Stochastic RSI is verifying our entry as follows
Position Size: 5%
Entry: 8200.00 (Short)
Stop Loss: 8400.00
Target: 7400.00
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Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
BITCOIN - Target reached! 58% Profit - What's next? (SHORT TERM)The ascending triangle played out as expected - another sharp drop to 7800.00 happened.
We took full advantage all the way down from 8400.00 with a leverage of 7x.
58% profit - Great trade!
Now it's time to see if our major support zone (located between 7800.00 - 7900.00) is strong enough.
I'm expecting the price to bounce from here to 8400.00. The downwards movement will continue from there.
A long position would be too risky. Let's see what's next.
leave a thumbs up if you like my idea and let me know what you think !
This will keep me motivated :-)
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
BTC - 17 July 2019 - Parabolic Rise Has Finished - For a while?The basic ideas behind Parabolic Arc patterns:
Pattern is easy to spot but difficult to trade with excessive volatility.
Most Patterns retrace to 62–78% of its rise. 50% retracement is first target.
Do not overstay in your trades
Stay away from “Parabolic Arc” patterns buying (after retracements) as you truly never
know where/when it will start reversing.
Do not expect the price to return to Parabolic Arc highs for a very long time.
blog.stocktwits.com
BTC - 27 September 2019 - IMPORTANT - Bull and Bear TargetsHello dear friends
I have been charting both the bear and bull scenarios for a while - generally bear.
Here is my bull and the bear scenarios. There are based on elliott waves and fibonnacci numbers.
BULL SCENARIO
THE DESCENDING TRIANGLE we had has at least the target to lower 7k to 6k. So I think it is reasonable to buy from those levels.
We can directly continue the bull market from those levels. I think that FOMOing before those levels is unnecessary. Check the youtube moon boys they are FOMOing so do the opposite and wait.
HOWEVER if the correction decides to continue here is what I think. Bitcoin will go to 6-7k levels and will accumulate or bounce a little bit there for a while. Then another fall can occur to 4-5k.
HOW CAN YOU TRADE
You can start buying from 6-7k levels and if it falls to 4-5k add to your position...
BEAR SCENARIO
In this scenario there are some question marks in my mind.
First of all if this scenario plays out what I think is that it will be really fast. A wave = B wave + C wave considering time will be the best timing prediction.
Why?
Global crisis is approaching and I think that it will not have a bad effect on bitcoin. It will have a neutral or a positive effect on our community.
Either Bitcoin will be considered digital gold and go beyond the moon or it will stay the same.
So it we are still in the bear market I think it will end fast.
My Bear targets are the same.
Considering Fibo retracements you can start buying at 4k levels to all the way to 2k.
I wont be lying like some other analyst that I know everything and I am the best and I know it all.
When bitcoin dipped and a lot of the were calling for 1k I insisted on 6k s coming.
However I did not consider breaking that and going all the way to 13k. Yep that was NOT included in any analysis of mine. And I was shocked!
Most of you know me as a bear. I was an ultimate bull before November 2018. I was naive and did not trust my analysis. I was watching people like Sunny Decre mm crypto and other moon boys and trusted their analysis instead of mine. So I found myself at the bottom of the market with holding tons of shitcoins. I got liquidated because of my IOTA trade and I had no idea what I had to do next.
So I just got rid of watching other people got my elliott books and worked for weeks on my own.
Right now I watch the moon boys on youtube all the time. But this time I watch it to do the opposite of whatever they say.
DO NOT FORGET MY FRIENDS
If everyone is saying the same thing DO THE OPPOSITE. I know it is super hard and I still cannot manage it but that is the truth.
Every morning I check the TV latest analysis. I check if who has changed their mind completely. I always and always check the November 2018 of the analyst before following them. The next analysis I check is the 3k to 13k analysis they have made - it is enough for me to see a 6k target - I do not look for 13k predictions. And now I will be adding this September 2019 descending triangle to my checklist.
Do not forget my friends November 2018 descending triangle prediction was really important - I was not here so I do not have any analysis on it published. Just like the descending triangle we just had.
Have a great day everyone.
BTC - 29 May 2019 - Long Term Half Bull ChartHey everyone, some of my friends asked me if I have any bullish scenarios... Most of you know me as a bear, however I also consider the bull cases.
The scenario above is for me the worst scenario that can be. This scenario expands the bear cycle and moves us far away from the crazy bull run all of us are expecting. Here we see an ABC simple correction which ended in Late 2018 and started a X failure wave which we are experiencing now. This case would move us up to all the way to 13-14 k USD. This will be the 0.618 correction of the whole bear market.
However, if the whales want to play with us more and torture us, they will make everyone believe in the crazy bull market and will crash the price just like they did in 2018.
The reason why I am paranoid and pessimistic is to show myself and everyone the worst cases and prepare for them (if they happens)
IF the move up to 13-14 K, everything will be really critical, the FOMO crowd and the whales will have the battle for the market movement, if the news and FOMO crowd wins we can directly fly to moon ( i do not find that likely either), but if the whales have not enough the bitcoin amount they want, we will go back to boring and depressing bear market...
Just like I said, this scenario is -for me- the worst thing that can happen to us all. It will expand the bear market more than we imagined. Yes, bitcoin will not die and the next bull be crazier than all of us imagine, but we will have to be more patient...
Hope I will be TOTALLY WRONG.
PS: Do not find this likely..
Always use mental or physical stop loss, and never go all in!
These are not financial advise...
Genesis Vision At New Lows (Long-Term Chart)Genesis Vision (GVT) Overview
Genesis Vision (GVT) is the platform for the private trust management market, built on Blockchain technology and Smart Contracts. Genesis Vision intends to create a service via which managers, brokers, traders, exchanges, and other financial instruments can access a diverse range of assets via one interface.
Genesis Vision (GVTBTC) Chart Analysis
Genesis Vision is now trading at all-time lows and around strong support... A good place to buy for a potential reversal of trend, let's take a look at the chart:
Here we can see the steep fall followed by a bounce.
We can see the increasing volume when the new ATL was hit.
MACD bullish crossover.
RSI Oversold.
A closer look:
Trading above EMA10.
Very strong RSI.
Fake breakdown (purple area).
Genesis Vision is getting ready for action...
Consider this a friendly reminder.
Thanks a lot for your continued support.
Namaste.
Bitcoin: where to expect new bottom?Bitcoin has moved to an active bearish state. BTCUSD impulsively fall down from the giant triangle in which the price has consolidated since the end of June. The main question that is now on the minds of all crypto traders is when will this decline end. So, let's try to figure it out.
The way out from this triangle has been asking for a long time. Since mid-August, volatility declined, and trading was concentrated near the psychological level of $10000. As a result, first bearish impulse lowered the price of the main cryptocurrency by almost $2000 down to $8000. In the short term, short-ranged consolidation can be expected , and it is very likely that it will occur in the zone of $7500-8400. Here, bitcoin was trading in flat in May, levels are also confirmed by volumes.
Typically, such drops on BTCUSD occur in 3 pulses. Therefore, it is logical to assume that there will be 2 more downward impulsive movements ahead. According to the rules of technical analysis, when a breakthrough of a triangle occurs, movement in the direction of the breach can be expected by the size of the figure. In this case, the height of the triangle is slightly less than $5000. It turns out that the price can drop down to $10000 - $5000 = $5000. According to the volume profile indicator, iin the region of $5000 will be next large concentration of the volume.
Altcoins won intermediately from the fall. The BTC dominance index began to decline and is 68% right now. It’s too early to judge, but perhaps this will be a turning point and capital will again begin to flow into altcoins, which have been losing ground over the past six months. The Fear and Greediness Index (FGI) is at 12 points. It can be assumed that when bitcoin reaches true bottom, FGI will update the historical low, which is now at 5 points.
We can draw an analogy with 2017 and 2015, when the nature of the movement was similar to the current situation. After a vertical parabolic uptrend, a long correction took place, after which the price pulsed down and a long flat period began. If this pattern works this time too, then after the end of the fall the market will again have a long crypto-calm period .
Bitcoin Bounces To $9k, Likely Go Mid $6k Next Month + AltcoinsBitcoin (BTCUSD) is now moving within a descending channel, going lower.
Now I am seeing a potential bounce in place or further drop.
Bitcoin can easily move lower, according to the chart above, but a bounce is also very likely.
As for the mid $6,500 price (I am looking at the $6200 - $6500 range), I am looking at this level for Bitcoin (BTCUSD) to fully complete this retrace... Depending on how this level is handled, we can think about Bitcoins next move.
Here is what I see:
1) If Bitcoin can bounce at current levels with good strength and volume, it can resume its recent uptrend... But this is very unlikely as the chart is right now but there are always unexpected events that can happen... So just as we can see strong drops come out of nowhere, in the same way, "magical" reversals in price can happen... But we focus on the chart...
2) Bounce and then moves lower. Bitcoin (BTCUSD) can easily bounce at current levels... Why? The RSI is at its lowest it has been since November 2018... This where the RSI hit bottom for BTCUSD at that time and what followed was a long-term sustained growth period.
3) More drop can also follow, right away with no bounce... Such a drop would quickly be bought up leaving a long-wick. Less probable but completely possible right now.
Share your own perspective or view in the comments section...
Keep reading below!
Feeling the market
One more drop, bounce or drop, and then we are very likely to see this retrace over but, we remain open to see how the last drop will be handled by the market and update our view once this happens.
Bitcoin isn't likely to hurry... Whatever will happen next, it is very likely to be drawn out process, just like it took a while to break the descending triangle created when the last peak was hit back in June. So everything can take a while... While the altcoins grow...
Altcoins profits
Continue buying, collecting and accumulating altcoins.
Be smart, be patient, be active...
Know the risks involved, do your own research and take it!
Buy-in, learn, trade, read, study...
Hit like to show your support.
Give yourself some time... Patience...
And later come to collect your profits.
This is Alan Masters.
Thanks a lot for reading.
Namaste.
BTC - 25 September 2019 - This Time WILL NOT BE DifferentThe charts are unfortunately showing us the way to 6k s...
You all know me being a bear for a long time. Yes I am still a bear until 2600 USD however I will be checking the price actions at 6k s and decide if 2600 is still on the table or not.
I am hoping to have a bullish year in 2020
Take care you all, I will be updating you guys
BTC - 31 July 2019 - Mid Term BULL Chart - Please Check BEAR tooI know that most of you will think that this chart is called BULL but still it has the most BEARish attitude.
Here I want to explain why I think a retracement to 4k is really likely before the crazy bull run.
I see that all the bull analysts agree in the 7-8K retracement level. Considering that Bitcoin hates doing what is expected, I think a much deeper correction is really likely even if we entered the next crazy bull.
Consider it like this. People are expecting to buy from 7k levels for the bull. So they will x10 x100 their money right?
When and if Bitcoin hits those levels all the retail investors will be filling their bags. So how will the whales win?
They have to manipulate the market and create a fake fall trying to convince the retail investor that the bear is not over and we will be going below 1000 usd!!!!
So the people who bought from 7k will be panic selling at 4k s and leaving the market. A great profit for the whales!
ETH - Scenario 2 - Long Term WXY Bear Season to 50 USDEven though bitcoin has tripled its price and some of the altcoins like litecoin and eos did the same, we cannot see that in most of the altcoins. Please check XRP, ZRX etc.
There is something really weird with this rise. Generally altcoins should be following bitcoin rise but here we cannot see that clearly.
Comparing the 2018 prices, when bitcoin was at 10k levels we see that ethereum was holding at 500-600 usd. However here we see that ethereum is not even strong to pass 200usd, this bothers me a lot.
If bitcoin decides to consolidate or fall this is the chart that we will be seeing.
I will be posting the last but not least bull chart today as well.
EOS - Bull & Bear Scenarios Combined - 2.5 or 11 USD?EOS is one of the most volatile altcoins. High risk high reward.
3.35 is a really important support zone. Breaking 3.35 will invalidate the impulse wave and will take us to 2.5 usd.
I am %70 bear, %30 bull about EOS.
I am scared to short any coins right now so I will be longing from the bottom.
Scenario 1
Long from 2.5 - 2.2
Stop loss 1.99 usd
Scenario 2
Long from 3.5 - 3.7
Stop loss 3.2
Target 10 usd
BTC - 09 August 2019 - When and How Accumulate BTC? - FOR BEARSConsidering the huge cycles bitcoin have been doing, we can suggest that Bitcoin has either entered the last 5th bull market wave or about to finish the 4th and the most boring correction wave.
When we draw the fibonnacci retracement from the start of the 3rd wave we can see that bitcoin has hit the .38 level back in december 2018.
However it is really likely to hit the 0.5 or even - dont find it likely though - 0.618 level to finish the correction.
The reason why I still have the bear view is this ugly rise and altcoin market crash.
These are the levels which I am playing to get myself some btc, if do not retrace to these levels I will be stop-limit ordering other targets.
Great profits and trades everyone.