Get started

Bottom

Bottomless or reached bottom?Hello there beautiful person! How are you all feeling after a red week in stock and crypto market, with still even more red day today? Are you looking for buy-in, or selling to cash out? On my part, I did not expect this heavy drop in crypto this fast. I expected a drop, as I do with gold price before it goes up, but not this fast and so hard though. BTC/Euro is at a very interesting point right now at 5044, and it crossed a very large support line at 5268. The million dollar question is: will the price hover around that major support line or not? Next support line after 5268 is 3680, and that is the support line I think is the most likely bottom. However the optimist in me tells me that 5268 is the lowest low we will have this time around, until next bad news comes our way. Personally, my buy order got activated around 6500 so my cash is spent; and now it is time for me to watch this unfold. Wish you all a safe week, and dont forget to wash your hands well.
by egilagre
How I see the future of BitcoinThe last days have shown Bitcoin is still in the same bear market it has been in since the all time high. Every pump in between is just a correction (see: Elliott Corrective Waves) and has nothing to do with the start of a new bull market. A new bull market will start when most people have forgotten about cryptos and want nothing to do with them. That's what a bottom is - a period in time where there is close to no interest in the given asset class (see: BTC 2015 - 2016). I see the start of the new bottom at around 2021 - the start of a new bullrun in around 2023. Many people (mostly those who are emotionally bonded to BTC or want to get rich asap) see this theory as impossible or call it the death of Bitcoin - just like the last time Bitcoin went through a bubble in 2014 and did almost a 90% retrace. To me this is a normal thing to happen in cryptos so I would not worry, quite the contrary. The faster we reach the bottom the faster it will recover. Good luck to everyone involved!
BITSTAMP:BTCUSDShort
by chrzky
9
LONG - MDA - Trading OpportunityLooking like a double bottom here, sell volume looks all dried up. Entry: 0.00006491 Target 1 : 0.00007482 Target 2 : 0.00008397 Target 3 : 0.00009410 Target 4 : 0.00010583 SL: 9301 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
MLong
by ElMomento
BITCOIN HITS BOTTOM GROWTH CURVE - Outlook over next monthsHey there, Please support this post with your likes since this could be one of my most important ones! Also comment down below and make sure you follow me here on TV! Bitcoin just hit the bottom log growth curve, which has been the leading indicator for Bitcoins long-term price swings imo. If you take a look back at the 2017 bullmarket you will see how precisely price respected the forcasted growth curves and how it is still doing so. On Bitstamp the lowest band is currently sitting at 7624 and with a daily bottom (03.09.2020) at 7636, that is a very sufficient bounce/confirmation in my opinion. Keep in mind that it is actually rather common that Bitcoin moves along the bottom line for a while, befor swinging back to its upper ones, so there is still room for a perfect touch. Price has often wicked below the bottom band, but never managed to break through so I will not expect it this time either. Also this indicator is respecting Bitcoins long-term growth potential and has more to do with data science and hard coding facts, than with simple subjectivity. Trusting this indicator and trading around it gave clear trading opportunities, which I will now try to utilise. In addition to that we now have the potential for a huge inverse head and shoulders playing out over multiple weeks and months. The neckline is alining perfectly and the second shoulder would be expected to bottom in the vacinity we are currently at. Since Bitcoin loves ascending triangles as reversal patterns, I think it is likely that we see one here on the bottom, playing out on the daily timeframe over a few weeks. Maybe price will move along the bottom band in an ascending triangle formation, bringing price back to the trendline drawn here on the chart, befor breaking above it. If price manages to find a higher low on the weekly/monthly compared to 6.4k and ralleys back above 10K in the future, then not only would the chance for this inverse head and shoulders increasing exponentially, but it would also confirm an ascending triangle with the bottom band of the growth curves and the neckline at 10400USD. While all of this might seem a bit far-fetched for now, it would give one of the most bullish scenarios for Bitcoins longer term growth. Of course my analysis is biased in the way that I strongly believe that Bitcoin will succeed long-term, so keep that in mind. The next target would be the 200 day MA and the second growth curve messured from the bottom. I will try to updated you on this indicator regularly, so make sure you follow me! Cheers, Konrad
BITSTAMP:BTCUSDLong
by EnlightenedTrading
LONG - BTC - DESCENDING CHANNELDaily support making confluence with the Daily ma50, expecting it to hold and become the last touch of the bottom of the descending channel. Layers: 9273.5 / 9173.5 Avg Entry: 9223.5 TP 1: 9769 TP 2: 10184 TP 3: 10759 SL: 9079 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
BITMEX:BTCUSD.PLong
by ElMomento
NKE - cycle bottoming - consolidation stageNow lets take a look at NKE. Weekly charts are suggesting both major and minor cycle bottoming out over the next 4 weeks. Last few cycles have bottomed in time so one may expect a timely bottom . Where we find support during this time will give us a fair idea about the next cycle expectations. At this stage we see the following prevailing conditions: 1. $106 to 108.5 likely cycle resistance and Fib ext target zone 2. Lower support zone between $95 to 97 levels 3. $87-89 likely strong support as previous cycle peak/ support confluence zone If you like what you see, share a thumbs up and follow for more updates Cheers
NYSE:NKE
by LoveForCharts
ZEC Looking To Double Bottom In Oversold Territory On The Daily ZEC pulling back along with the rest of the market. It has golden crossed on the daily timeframe. Stochastic RSI is oversold. The weekly timeframe RSI is Overbought similar to BTC. ZEC currently attempting to find support on the 50 MA. Thinking we'll see the weekly RSI cool off resulting in the daily RSI turning south in the days ahead to make a double bottom formation. Price could retest the upper $40's potentially. I would suspect candle body to bottom around $55 but that is highly speculative. If you know anything about ZEC is this thing prints insane wicks all the time so watch out with your stop loss. At least consider that in your trading strategy this is a real easy one to get stopped out in rather frequently. Its worth noting that on January 14th or 15th ZEC saw what looks to be its highest amount of buy volume ever recorded. I am long term investor with bullish view overall. Think the charts are showing some bearish potential for the days ahead. Say what you will about Zcash but remember this one thing.... It was once listed for $2,200,000 each. Ridiculous as it may be it still is a fact. Calculate the risks you take. Please Like & Comment ------> Lets Be Friends **even if we disagree** HAVE A GREAT DAY. LIFE IS A GIFT. Not Financial Advice.
KRAKEN:ZECUSD
by MitchMilli
2
LONG - KAVA - Trading OpportunityAnother retest of support while volume is increasing, book definition of consolidation. Entry: 0.00011463 TP 1: 0.00012503 TP 2: 0.00013087 TP 3: 0.00013545 SL: 0.00010864 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
Long
by ElMomento