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Bitcoin BTCUSD BReaking Out Again - Next Buy PointsBitcoin BTCUSD Next But Points for Sunday We got another attempted breakout around 17:00 est which was enough to trigger a long shot as Bitcoin moved above the central parallel (it was the upper line at this point in time) at around the 8380 level on Bitstamp. It then moved up to the test the first line of resistance at 8545 and a just above before it once again failed. Not great. But stops should have been moved up to at least break even and really should have been moved up to just below 8500 here to protect the position. Now we have a another break out just underway. Buy again with stops under the parallel or can wait for a retest of the parallel it has just left - need to see some volume pick up and then once it breaks above 8170 it should attract more buyers still.
BITSTAMP:BTCUSDLong
by sumastardon
2
Bitcoins slow way to W/(H)-ealth. Our KING is recovering.Hey cryptomaniacs, it`s time to recall the past and take a look of that sweet "crash" we had. Bitcoin is slowly waking up from unconsciousness and starts to pratice for the next marathon. He obviously had a mental breakdown caused by the fame and need of society. Yea.. I know we can`t really understand this. But every celebrity has to deal with this and it`s better to take a break instead of doing drugs till the Altcoin-King of cryptomacia dies. Let`s give him some time and let him recover. I guess he still knows what he is doing and there is a plan our Kind has to deal with the amazing and crazy demand. He recently started a casting to find a crew which is going to help him with all requests he is getting. The crew is compiled composed of diffrent servants from high society noble house. The crew is called ..tz ridiculous and disgraceful for riches.. but yea the name is: "Lightning Network". HEHE.. wtf. Nevermind. King Bitcoins road down seems to be over and he slowly gets back to be stable. I guess a short-term-rehab could give him back his old power to reign over cryptomaniac like he used to. Hopefully with less demand and a slow climb..but IT SEEMS LIKE we still have to endure this OLD-GREY-BEARDED King until he gives his crown to his descendant. They still have to fight for his recognition but I guess Prince ETH or Servant Ripple are close. Btw.. the crash was a joke. Unless you were buying at BTCs PEEK ;-D FIATO-LAND had no chance in this war. USD had lots of casualties. Peace and good trades :-) www.twitch.tv
BITSTAMP:BTCUSDLong
by Trading2ez
TRON 400-700% RETURN GAINS NEXT FEW DAYS, AS MENTIONED BEFORE.BINANCE:TRXBTC with all the fake news fabricated through American news media i.e. CNBC, FOX AND MORE. the news was discovered to be false. increasing the trust in crypto once gain, after news has been removed from the mainstream tube. partnership news starts to get released as soon as the storm is over, now on a clear path to a full 400% break out as stated before. these numbers may see incredible but anything is possible in crypto. this signal was given days ago on my channel. god bless and thank you for following me.
Long
by sociopath
7
Bitcoin: BTCUSD Breaking out againBitcoin: BTCUST : Update 1.6666 high reached Friday. The same day that the Times (London) printed their first Bitcoin story on their front page. Bitcoin reaches mums and dads. Even they know what a Bitcoin is now. The same weekend Bitcoin tops out and loses just under 4000 points. On Sunday morning as the world sleeps at 7.30 am London time Bitcoin triple bottoms at 13110. Just 27 hours later it's 3400 points higher, back probing the highs and looking increasingly ready to break higher again soon. Having broken above a rather loosely defined continuation pattern just under the highs, using he support lines now with uncanny precision as it consolidates again in high ground before pushing higher still. This could be at 20k by morning, just stay long and if not long already try to get long with stops under 16400 for small loss if wrong from here (70 points)...look for a rally to the upper parallel. If the stop is taken due to lack of thust in near term we will look to buy again on any retest of the dynamic support line across the highs today with stop 100 below. (more coming) *slung back in the slammer again - this time for 3 painful days, for uploading a pretty Bitcoin chart without actually changing the chart - because it didn't need changing - but that's another rule broken and the mediators show no mercy to the ignorant. So do you remember how messed up Steve McQueen looked when he finally got out of solitary in Papillon ? Not good. This medium has the potential to be so good but is slightly flawed for sharing up-to-second trading information if trading Bitcoin full-on. Best ideas very welcome. Bitcoin is about to create 1000's of new jobs. Every investment house with an eye to the future as opposed to the past will be starting to run Bitcoin desks once futures start trading...more and more will join until the trickle becomes a flood. Except for Morgans, who we have to accept could well have he last laugh one day. But until that arrives more and more houses will need desks and people to run them: traders. Where will these suddenly appear from? Who has any real experience of the crypto markets? You guys reading this, some of you anyway...some of you will be able to pull down some unbelievable jobs over the next few months if you want to, that is. Some funds and firms will pay massive win bonuses for discretionaries - it would be so excellent if some of you go on to do that at some point. The only really big 'reveal' that you need to keep in mind. the thing that separates you from traders in other, quieter markets, is that pattern is more important than price in cryptoland. You can argue the same applies everywhere to an extent and be right. But it happens almost all the time in this market. Many old-school traders won't be able to adapt. They will need fresh blood...you? Bitcoin is about to start creating 1000's of new jobs in the 'real' world, outside of mining itself, on top of the many that have been lucky enough to spot a trend and just ride its coat-tails to the point of it going mainstream at least...the point where we find ourselves right now.
BITSTAMP:BTCUSDLong
by sumastardon
DXY: Dollar Index Game changer for PairsDXY: Dollar Index Game Changer Really thought DXY would hold up off the lower parallel one more time by drifting sideways to meet it and then bouncing. But it hasn't and today's price action is the final straw that's broken the Greenback's back. This 2 month long continuation pattern is at an end and the dollar's downtrend resumes from this point. Look to sell dollar against pairs on next rally now. DXY looks likely to fall back down to 94, make a failed rally from here (giving a second chance to set-up dollar shorts v Eur) and then to fall away to 92.70, bounce again, likely fail again, and then fall away to 91. Use the first rally on DXY towards 94.25-94.30 as a last chance to short go short of USD across all pairs, if we are lucky enough to see it. Today's price action is a game changer. We can no longer look to buy USD on declines - instead, the chart is telling us to sell USD rallies until further notice. As usual about 3 people will bother to read this. I know that those 3 are the most switched on, most sensible traders of all ! And another strange thing you may have noticed too: because this wonderful website relies on 'likes' to gain 'reputation', what it actually relies on is confirmation bias. If you agree with the comment, maybe you 'like' it. As 80 to 90% of all traders lose money all this confirmation bias actually does is lead the blind towards the equally blind. Often the comment with the most likes is the one that's going to be most wrong, not right. But that's how it works, counter intuitively, just like markets themselves sometimes. So I asked the guys who run the site if perhaps they could analyse the forecasts and set-ups of just the so-called top 10 writers and maybe run a new idea: Top 10 most accurate writers by results (a call is either right or wrong, must hit given target to be right, not very complicated or even very time consuming if just 10 writers are being monitored) - but no. They thought about it and dropped it. So, to moral of this tale: Just because a comment gets a load of likes it doesn't in reality mean a thing. It's more likely the comment that gets no likes is going to be more accurate. Just like with markets, sometimes the exact opposite applies to conventional 'wisdom'. The wisdom of the crowd. Mmmm. You mean the same crowd who adored Hitler or Mao ...or even Hillary Clinton? You'll get more sense from talking to your dog most of the time. Just sayin'
TVC:DXYShort
by sumastardon
1
Bitcoin: BTCUSD On the brink of breaking down againBITCOIN: BTCUSD OWN IT Momentarily neutral with negative undertone taking over Just realised what looks a very costly mistake on my part, definitely not the chart's, which hasn't really given a bad/false signal for while now. This is my bad, so I have to own it, like sack-cloth... I said in an earier comment (here,left) that we could move the stop up on longs to ''about 6490 and just under'. Firstly, this was just straight-out dumb, knowing that the key support and pivot for the day is 6450 (it extends as high as 6477 but 6450 is the pivot, by look of chart). Since then the low 6477, so if you happened to stick a stop right under 6490 it will have been taken. Abject apologies. I'd been updating on the cryptocurrency page on Tradingview and had mentioned 6450 as key support and and this carried over into the last comment which assumed (in slightly wired state due to lack of sleep chasing this monster) that everyone already knew that 6450 was the last-gasp support for bulls today. So, conflicting comments with the last one assuming stops were under 6450. Just dumb, overtired idiocy. Will try to be more accurate/thoughtful with wording regarding stops (as previously mentioned the bane of all traders). Day traders will have exited on the break below the lower parallel and other longs with stops anything up to the usual 50 points under a key support level will still be long but sweating now. So now we need to redress matters. It looks to be deteriorating again and will have to scramble higher from here quickly now to escape unravelling again. The 6450 Pivot has already been violated and it's struggling to get back above that old dynamic that's still hanging above at 6537. It's weak whilst under here. Any stops on longs placed 50 points under 6450 are in danger of getting blown. They are in a sensible place, but we need to be prepared for them to get taken if Bitcoin cannot scramble higher quickly from here..if so, tough. We look to reverse short again looking for lower prices as per comment at top of page. This could be a nasty sloping continuation patter, which is why we can't give up on longs and just turn tail here. we have to wait for the signal.. ...a break below last stop (if not already out for 50 point loss) at 6400 will signal that the counter-rally game is up, buying power spent, so look to short as above, top. Sorry for so much typing covering the chart. It's so Twitter and Stocktwits can read the all the BS off screen too. Clean chart coming next
BITSTAMP:BTCUSDShort
by sumastardon
1
Bitcoin; BTCUSD Breaking to upside . worth following nowHaving totally blown most players clean out of the water with the biggest fake out in history, it's getting ready to go again - if you are. .. it's come back to exactly the same levels that the Chinese were buying at last night...7077... put a buy order in at 7090 with stop about 50 points lower and it may get filled later on if it comes back to make a double bottom first before it kicks higher again. If it does and 7077 holds up the first upside target is 7415, so about 300 points upside and 50 down, if struck and not stopped out. Otherwise, the safer strategy is to wait until key resistance for the near term at 7430 -7340 has been overcome and then look to go long on next pull back towards 7430 with a stop justunder 7390 for a 40 point loss before spreads if wrong, but 400 points potential upside. In nearer term Bitcoin is trying to rally from the start of today's structure at 7077 and then flipping down again at the 50% mark half way of the day's range. So it's now stuck in the weak half of the day's range, and, interestingly, is flipping within the same support/resistance lines drawn only notionally about 6 days ago now and yet still exerting some real power over short term swings if you've been watching this. Only once it can get above 7430-7440 should it calm down some and start to regain it's equilbrium and be worth following, as above - otherwise we need to see a double bottom forming off 7077 on the next retest to risk going long, as outlined above.The support lines have worked well so far, with a fall below any listed level leading to a test of the next listed level pretty much wiithout a miss so far, which is plain weird, but untilthey they stop working... as above, 7077 is the important support for the near term and into early tomorrow - if broken it falls to 6928-6920 which is absolutely critical support forthe more medium term (in Bitcoin time short/near term is 1 to 4 hours, medium term is 1 to 2 days - it's a parallel universe, forgive pun) and so if last-gasp support at 6920-6900 gives way at any point all long bets are off the table fast - it should lead to a collapse back to 6312 at least and quite possibly back to 6165 on a spike at which point althe structure shown on the chart will have been blown away and we can start to build again. But that only happens if 6900 fails, at which point it becomes a compelling short.it's been a hell of a day and it ain't done yet. There's 3 more hours to go- and Bitcoin's still up 190 points on the day so far. Thought we had this thing in the freezer and every time it gets back out wielding a chainsaw: Jaws on crack with Scarface's personality traits. That was Bitcoin today. And other days she can be so sweet natured. Back on the hunt.
BITSTAMP:BTCUSDLong
by sumastardon
2