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Bitocin

BTC... How I see it right nowSo we had a triple bottom with very low volume. if it was the begining of a new uptrend or bullmarket , it would have had a much stronger bounce with more wicks and much more volume, if you look a th the chart the strongest volume points are in the upper bounds which is a bearish indicator. We have stronger volume where it is now which is at the top of a range, than it did where it bounced. But the fact that it was a triple bottom makes this a bit tricky, and makes me hesitant to call a short here. I would like to see some more upper wicks for it to be a safe short but I think it is going to form a new channel sideways then it will break it down, the volume reads bearish, there is no strong bullish volume yet.
COINBASE:BTCUSDShort
by mrwizard9000
Longs; savior or killerLook at the ratio between longs/short over time and take a look at Bitcoin over same time. In my opinion we have legit bottom at 4k area, built in march 2019. From 4k and up to 14k, there is a great mix of real demand, and lot of long- and short gambling. In this range of price, we can se four bigger actions (compared BTC with Long/Short ratio) and how price reacted to that. Bitcoin is tangled between different MA's, specially under the daily MA200 which is moving towards a potential death cross with daily MA100. Have Longs really accumulated well or have they misjudged the situation a bit? How will they act in a potential setback? Let me know what you guys think.
BITFINEX:BTCUSDLONGS
by Cryptovicci
2
BTC Dominance (Prj.Y12.P2.E2.version2).More CorrectionAfter reviewing BTC performance and predicted path, I see BTC dominance dropping further. Reasons: a) The pullback is evident. Some say to 8500 ultimately, some say 8800 to previous resistance and 200 EMA b) I foresee some accumulation\ranging of BTC between 8500-8800 to 10400 creating some sort of MACRO breakout or bullish pattern c) I see this going on for at least another month to mid Dec. eventually hitting 12K early next year d) During the ranging period, I see the ALTs rise as many of them like LTC have hidden bullish divergences (on the weekly). e) Anticipated RSI movement, more downs. I'm guessing this will go down to the 0.618 retracement but it could be more, as per the chart, eg. 200 EMA. Cheers, S.Sari/CryptoProspa Previous post
CRYPTOCAP:BTC.DLong
by ssari
1
BTC/USD AnalysisThe way the masses react to the movement of BTC will never cease to amaze me. If we are up 10% everyone is talking about new ATH and the benefit of such a revolutionary technology. When we are down 10% everyone says BTC is dead and will crash to 1k. For those who have had exposure to this market over a long period of time, this latest breakdown is just business as usual. There are a few points I would like to make to bolster the bullish case for Bitcoin. 1. These shakeouts or stop hunts have happened countless times on countless time frames in the BTC market. Never forget that this market is 100% "manipulated". By this, I mean that there are large scale players (whales) that have the ability to influence and dictate price movement. Pretend you're one of them and things start to make more sense. Imagine, the price is sitting on a support zone, you open a massive short position on either a margin account or futures platform, then head over to a few of the spot exchanges you have accounts on and start selling a few BTC to squeeze the price below the support zone. You then sit back and watch the panic selling ensue. When the price hits the next support zone you close positions and buy back what you sold. If you have the funds, time and balls to pull this strategy off its pretty bulletproof. 2. I have heard plenty of people talking about how BTC will fail and cryptocurrencies are just a bubble etc. They seem to overlook the fact that every market in history has been a bubble. The only constant in the world of investing and trading is that people are greedy and will pour money into any market based on speculation. Whether its the railroad market, the gold market, silver market, tech and dotcom market, real-estate/mortgage investment market and now the Crypto market. They all had speculative bubbles and survived. So if we look at Bitcoin objectively how does it fair? Well today the network hash rate hit a new ATH again, the number of new wallet addresses has been on a steady uptrend and there are more BTC ATM's being opened almost daily. Most any metric used to measure the health or strength of the industry is positive. 3. Put simply, the internet changed the way we transact information. This was a transformative technology for mankind cut out many of the informational intermediaries (libraries, professors, industry experts like real-estate agents) we trusted to give us accurate information. Blockchain and Bitcoin will change the way we transact value. It seems unimaginable something could be this transformative but we have seen revolutionary technologies change the world over and over again. And you either move with progress or get run over by it. So why are banks, institutions and big tech so interested in blockchain and Bitcoin? Because they don't plan on getting run over. From a technical stand point we are deeply over sold on the daily while sitting on a support/accumulation zone. Also touching the ever beloved .618 fib retracement. This is a good price to enter the market and anything around 7500 is a steal. The market survived the Mt. Gox ordeal and bounced back from breaking the 6k support last year. Somehow I imagine it will survive this dip as well. Happy trading and Investing!!
COINBASE:BTCUSDLong
by HyptoCrypto234
BTC Update It looks like we have substantially fallen below the trend line. This moves the short term sentiment in the bearish direction. If we close a daily candle below the trend line it will be officially violated. However, we still have one area of support that has held strong throughout the past few months. The 9500 (Green Zone) has supported this market on multiple occasions and there is a possibility that it will do so again. But if we don't see the price recover strongly in the next few days, the 8-7k zone will strongly into play. Keep watching the market because the next few days leading up to the Bakkt launch will be decisive.
COINBASE:BTCUSD
by HyptoCrypto234
Will Bitcoin break out pass 5340????Bitcoin has been going sideways between 5150 to 5300, these level have been heavy resistance for the past week. The resistance trend line that we have here we haven't break past it in the last three days. I don't believe the bulls have enough strength to break these levels, the bulls have been losing steam for the past three days. The local resistance level 1(drawn in the red box) around 5340 if the bulls can break these levels we will re test the next resistance levels around 5400 to 5500. What I believe with this analysis that will are very bearish and bitcoin will fall to the next support levels between 4900 to 5100.
KRAKEN:BTCUSDShort
by ezekielharmon
Pond FishingBuy as it trickles back to 0.0125 - this can follow a chart pattern similar to $IGC during the Pot Stocks bubble Major Catalysts will Be in Crypto Currency and the possibility of uplisting to NYSE The DC OFFERINGS™ soft launch is expected to begin in Q4 2018, and those interested can register online at dcofferings.com We would like to invite private investors, digital miners, and digital currency holders to reach out and join our database. Momentous’ CEO Kurt Neubauer added: "We are excited to have Steve join our Advisory Board. His market savvy and media experience combined with a solid network and database make him ideally suited to assist management in development of the DC OFFERINGS™ platform”. Visit DC OFFERINGS™ and join our Database: dcofferings.com Steve Kanaval began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (CME) the Chicago Board of Trade and the CBOE in the early 80's. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90's managing large portfolios.
MLong
by noam_chom
1
Litecoin LTC Long Term Low Set or just a Correction, Part 5Litecoin just keeps on popping up, ignoring all the resistances and possible short term bearish pattern. It even broke that channel on the upside already, which is something that rarely happens. So that "long" term resistance around 50 broke as well. Because of this, the real test will be seen now. We have already made a pullback to the 50/48 zone, there is a little bit more room left, but normally we should stay above that channel now. If this starts to take a lot of time (several days) the chances for a bigger correction will increase a lot. But the 46/44 blue trend line on the left could also work as support. The green support around 40/42 can not brake anymore, that could even suggest the whole rally is over already and we have set a bull trap with the moves of the past 2/3 days. Ideally we see that triangle on the right form, but that would be unlikely because that needs a lot of conviction. I only see that happen if Bitcoin can break the 3970ish again. I think a retest of the 48 support is more likely to happen than a move to the high again. Low time frame it's a bit difficult to judge, higher time frame is mentioned above with an addition, that if we rally, there is a big resistance zone ahead around the 65. Weekend is also closing in again, so would like to see a clearer picture tomorrow. Please don't forget to like if you appreciate this :) Previous analysis:
BITFINEX:LTCUSD
by botje11
2