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Btcbullish

Is this the bottom?Hi traders, as you can see we predicted harsh down from 7800. Our target to go long or to accumulate was 6850 which surpassed as the trend line of the triangle was broken. At this moment we still seeing more downside action towards the previous supports (6000 and 6450) due to: - a pennant which is a bearish formation which indicates continuation for the downtrend. - people still not interested in buying at this prices which is telling us that they still waiting for a price target such as those previous supports. So, another leg down is ineluctable which will lead us to those supports where we have to se bulls taking action confirmed with big volume, if not, it would be a devastating event in bitcoin (for holders) or an advantageous event for those who are shorting or want to accumulate more bitcoin. happy trading!!
BITFINEX:BTCUSDShort
by TheArabTrader
The Bears Defend The Red Wall, and The NorthBTC fails at the 50 EMA and the entire market bathes in blood. WELL, idk about you guys... buuuuuuuuuut... I'm pretty well desensitized to this by now. Okay so BTC has fallen, whoop-dee-doo. We've been bouncing inside of this triangle since winter, however, it's coming to a point where BTC will either rise or fall as we approach the precipice of this pyramid. There's really only 2 scenarios now, and I think one is more likely than the other. Like, WAY more likely than the other. This is where my #1 on my chart comes in. IF we fall to the support line, and then bounce back up towards the 50, and we fail at the 50 and retreat, and IF we fail to maintain that support - We fall low. Like super low. Like so low that there is NO WAY that the big wigs and institutions don't jump in. That's a bit of a too perfect of a situation, right? Wrong, big money manipulates new money to make BIGGER money. It's the way of the wealthy. Now, numbers #2 & #3 I consider to be far less likely. I don't think that we will fail right through the 7k support. However, it is still possible. But the bulls heavily defended that high ground a few weeks back. And #3 gets farther and farther away now as we fail to punch through our ceilings before us. This all writes a recipe for further losses. More buyers (troops) MUST be mustered to drive the value north. So I say let it fall for now. Once support is established I'll be throwing my troops into the fray. Let's say the bulls are Jon Snow and his army...because well everybody loves Jon, how can you not. (That's rhetorical, notice the lack of an actual "?", because it's not an actual question). And the bears are the White Walkers, because nobody in the crypto world likes the bears. Only this time the Bears have erected their own Northern Wall to keep us out. Doesn't it sound like retreat would be a good idea after trying and failing for months to pierce the wall? We need to recruit the Wildlings and that hot Queen with her winged fortresses. Fall back, recruit. Get strong. Then we'll win.
COINBASE:BTCUSD
by mikehobart
BTC - Reversal happened months ago!This might be overly optimistic and slightly baseless, but it's just an observation. So I saw this image (i.imgur.com) made in this comment (www.reddit.com) on reddit, expressing skepticism at all the 'bulls are back' sentiment. While I do agree that it's possible and think that people do get stuck in these patterns of thinking, I just noticed something that looked kind of familiar to me.. I remember seeing this sort of thing a few times in the past, after downtrends like this. It *appears* as though the downtrend has remained intact (though in this case the downtrend *was* broken, the pink line is a revised downtrend), but after a while it becomes obvious that there has actually been a general slow recovery for a while. I might be crazy but I do remember a similar thing happening in past reversals. Only in hindsight did it turn out that the real reversal or low-point had already occurred weeks previously. A similar thing happened during the last downtrend after BTC's $4900 ATH (obviously not a perfect comparison but I do remember having the same thought around that time, and I ended up being correct). During a certain time, it seemed as though the downtrend was intact, but in hindsight, we were already well on our way back up.. Bitcoin is up nearly 30% since the early February low point of around $6000 for BTC. I'm not saying this proves anything or is any kind of sure sign or whatever. But in perspective, it's entirely possible that the real low point/reversal happened 2 and a half months ago.
BITFINEX:BTCUSDLong
by welliguessso
6
Bitcoin faithI know the sentiment is pretty bearish lately with the drop at 6.6k for BTC, but to me, it looks everything but bearish! the stars are aligning for BTC, with positive Fundamentals (news from SEC, CFTC, G20, Japan and South Korea) and TA looking good, I am pretty confident that a great bounce is on the way! Stoch RSI and RSI extremely oversold, MACD showing sign of reversal, strong support at 6.4k (0.2 fib), volume raising constantly and the 15 of april to sign the end of the Tax period makes me feel super excited for the bounce to come! come aboard of the rocket and enjoy the ride! I am sorry bears! P.S no financial advice
COINBASE:BTCUSDLong
by CFcryptoTA
BTCUSD Trend Line indicating bullish Trend Acending Triangle$8000 - $8100 heavy Resistance possible good place to have an alert ready :) and see how the market plays out from there MACD And EMA look ok for now Still Looking Bullish Shorterm,Lets see what happens when we meet the apex and also if it can stay within the ascending triangle. The Volume also looks promising. Fingers crossed every one HooooHA.. Please feel free to help someone who is trying to get into trading one step at a time guys keep up the great work.And thank you for any support offered. This is not financial advice this is only an idea its up to you when you buy in. BTC 5.34% === 1LuVYASn75HZeLeKksExKTNwZpF59zXWk7 ETH === 0x6C4aa3B856D167977d39b4AB49aC66D967Edd9F2 BCH ========== qrd904m4v4k4mz0r4xk2dajkunt02jtg2gw8m8f57t
BITFINEX:BTCUSDShort
by PewPew2018
Beware of Bear Traps ($12,000 Target)Bears are out of strength though they still seem in control because there are simply no bulls!? That's right. Now there are two kind of bulls: 1. The smart bulls that are savvy investors who are looking for a bottom. 2. The fanboy bulls who were all moon and lambos and then didn't have the guts to hold and panic sold. Now they want to make back the number of coins they lost. Now in this second category of fanboy bulls there are two further types of fanboy bulls: i. Those who want to make back an amount of coins close to the number they lost but they will buy back if they see the price rising and they'll make do with what they get. ii. Those who want to make back EXACTLY the same amount of coins that they ended up panic selling and so they will wait for 1000 or 2000 and they will, I repeat, they will end up missing out on the next bull run. Now none of us has a magic ball, so generally in investing it's good principle to look at the big picture and then dollar cost average your way in with small orders along the way. You buy low and sell high. That's the only way it works. You don't sell low. You don't buy high. That's it. This is not investment advice. Do your own research and due diligence.
COINBASE:BTCUSDLong
by Jefe
20