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Btc-trend

ETF Rejected gives good buying opportunity for BitcoinYesterday, the SEC announced that it will be rejecting the proshares ETF. The technical analysis situation prior to this was looking bullish for bitcoin with many signs pointing to further upward movement: -MACD converging showing selling momentum is dropping off -Both RSI and price forming higher highs and higher lows -Futures no longer trading at a premium, this takes the selling pressure provided by miners looking to lock in a profit out of the market Given the etf announcement, price experienced a drop but it was not so severe considering other drops experienced on bearish news. Given the bullish signs, this pullback is an opportunity for traders looking to go long. Traders going long around 6350-6450 could use a profit target of 6800 with a stop loss of 6150. We also have the Vaneck ETF upcoming which proposes to be backed by the equivalent amount of Bitcoin. This one has a much better chance of being approved.
BITFINEX:BTCUSDLong
by johnleequigley1
AE/BTC on Binance trying to make a decision. Bottom IN??????????The green trendline show best buying opportunities in the past. Every time it falls below there is a spring and normally and up trend follows. Below the red trend line for a daily close and I will be a little worried. But alot of this falls on BTC as the market follows it for now. Whats next hopefully BTC bulls stay in control for at least another week so AE can reach its potential. The confluence of supports should hold I can't gaurentee it but if they don't we are probably in for a long bear market and thats not what I hope to see
A
by bdfulker2
BTC Short term trend reversal on 4hr chartThe day chart's up but the 4hr is down so we could be moving back towards the $6600 range - believe it or not. It's going to be okay because we still need this double bottom to build up enough faith (and more accumulation). June 5th and 6th we should see it happen. This has been the 2 month pattern... From there we'll see. Not financial or psychological advice. "Whatever the mind can conceive and believe, it can achieve." -Napoleon Hill
COINBASE:BTCUSD
by Napoleon_Carnegie
2
Bitcoin near a change of pathIn the last analysis I've traced a zone around 7200-7600$ as a confluence area and the price actually stationed here for some time. This price level is important because if it fails to act as support, price could retest the lower triangle trendline and the daily support @6900-7000$ or go even lower for a possible triple bottom pattern @6400-6500$. This is what I think about the state of the last month bearish price trend. Going back to the present BTC recently had a strong reversal candle on the 4hr and this could give a couple of different scenarios: If the reversal candle is confirmed at the end of the day there could be enough confidence to move up but we need to see daily higher lows and higher high. Price will fluctuate into a small rising wedge and reach the upper triangle trendline, maybe a bit over since the first resistance is around 7900$. This will the critical point At those levels the price will face also the26EMA on the daily and probably be oversold on 4hr. This will surely bring some pullback and from here the buyer confidence will be tested: if price recovers and break above those level I think there will be a strong run up to 8600$. Otherwise, we may go down with some force and continue the bearish trend at least to 7000$ and the lower triangle trendline So 24-36 hours will be critical, on the daily chart is worth to pay attention to the MACD crossing as another bullish sign, RSI barely touched oversold (could be enough?) and STOCH is rising What is really surprising me is that in the last months we witnessed a trend cycle with a timing so precise that is almost uncanny. Someone speculates that this is completely mere manipulation, I can't express about that (it really could be) and for sure is another important aspect to take into account, especially now since we are close the 5-6 June. If this behavior is confirmed we could have still some days to trade and maybe see the short bearish scenario mentioned above, personally I'll wait a confirmation above 7800$ for placing a possible long position, this is a chaotic area within I don't suggest to trade if you are not really confident. In any case things continue to tighten and well see soon what direction will BTC take!
BITFINEX:BTCUSD
by Horrorcoder
1
[May 24th /BITMEX] Bitcoin Trend Analysis - 7260/7700 My last analysis was correct and we made huge profit guys! Cheers! Today, I gonna show how the trend will work. Let's simplified it. If the red support wall will break out, Bitcoin 0.57% price can be re-entered 7250/7200 over 70% possibility. If the red support wall won't break out, it can try to break 7700/7850 resistance wall. Position (with conservative sight) Short: 7560/7700/7860 (x 10-25 leverage) Long: 7340/7260/7100 (x 5-10 leverage) Open orders: 6700 long, 8148 short (worst case for bull/bear both side) So far, I would say the red line is more realistic than the green line. Bulls are trying hard to break out the 7600 wall, but it is still not that powerful. Lots of people and my friends asked how Bear always win the fight. I can confirm that one bear whale is equal to three bull whale. Think about it. Buy 1000 bitcoin 0.57% can push up 200/300 points, otherwise, Sell 1000 bitcoin 0.57% can drop 400/600 points If I am a whale, I prefer to throw away and buy again and throw it again. Because I can still make a huge profit. I know someone doesn't like my opinion, but be realistic. Ants CANNOT beat the whales. We have to follow their way to survive and make a profit. I hope you guys have a great day.
BITMEX:BTCUSD.P
by UVS_FX_Trade
A NEW TREND FOR BITCOIN?Bitcoin was finally pumped and someone put a lot of money in it. That company, person, hedge fund or whoever put that amount of money in bitcoin will not want to be dumped again (for sure) and will want to increase the value of Bitcoin. There are a lot of reasons why Bitcoin will not easily dump again: There are too many miners who will not allow that price go so low There is a lot of great news for Bitcoin and interest in Bitcoin is getting bigger and bigger Blockchain is the future of the next generation . When someone says Blockchain everyone thinks of Bitcoin like the first thing! We suggest Bitcoin to go up as there is a new trend. Bitcoin cross the resistance line that a lot of people were waiting for! Now we need to watch out resistance lines. The most important one will be at around 9 200 Dollars . It will all depend on whales how they want to play the game and mainly on marketing which plays an important role in these days. If it crosses this resistance line it can get a new ATH! People start to be FOMO and put all their savings in BTC and the "bubble" starts again. It is a cycle which keeps repeating every year. You can see the possible scenario of the Bitcoin. We are not waiting for institutional players that will put a lot of money in Cryptoccurency . People are really scared to invest again in Bitcoin because of a lot of scams like ICOs and so on. That is why they better place their money in USDT and wait until someone opens the market and will invest that amount of money. Moreover, people are scared to hold their FIAT because the value of money is partially decreasing and can be printed whenever the country or union wants. Thank you for watching, Your Exclusive Signals
Long
by exclusive_signals