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Potential Macro Channel on Bitcoin to keep an eye onThis ascending channel on the monthly chart has both pi cycle tops from the last two bull runs as key touches on the top trendline. The bottom trendline has lots of important key touches too. If we break above my other big wall of channels which I have posted in a previous idea, thie top trendline of this channel would be the next price I would be looking for for a potential bull market top. By next month the top trendline of this channel wlll be around 240k. The other wall of channels I have posted in the past has a current top trendline around 120k so it would definitely ahve to find aay to break up from that one first to have a chance to retest the top trendline of this one. Gonna keep a close eye on it. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Canadians trade Bitcoin within RRSP? Bull and Bear?Looks like all the Canadians stuck with toxic dollar=based high priced equity can buy in fake Bitcoin via ETF. Complete junk but highly tradable. For Bitcoin when the Bull is running (like now), BUY HBIT When the bear returns, switch to cash-is-trash or BITI to go bear on Bitcoin. Use the leverage. On this trading style we will be fairly agreesive since we prefer to be in cash since the legacy markets run on obsolete banksters hours and systems. Move to the new world of internet money. The truth. And until there is a true physically based backed Bitcoin ETF, trade this ETF scams. Heck a lot better than any mutual funds. THIS IS NOT FINANCIAL ADVICE - TRUST YOURSELF - VERIFY EVERTHING ELSE.
HLong
by UnknownUnicorn2413721
53% Discount on HIVE Dip purchasedHave been employing DCA on this one, not huge money but it should never be huge money as per money management rules. Bitcoin, Ethereum and the entire cryptocurrency market has taken a 2017-2018 move down in dollar terms, but not by percentage terms. A good time to buy a little bit of everything is right now. There is no guarantee that we don't go down more, especially over the weekend, but there is also a chance at a bounce back to the north end of the range; as such, bitcoin-adjacent stocks such as HIVE will be relatively correlated with the price of Bitcoin. Also added a few shares of the BTCC ETF as well. I don't think I need to point out that everything is a bit oversold on balance and we are due for a bounce. In fact, in the time that I bought and am composing this, BTC moves closer to 48,000, about 600$ up. Time will tell. With instruments like HIVE, QBTC/U, and BTCC/U (/U = USD denominated), I advise using a tax shelter, and at the next bull run peak (could be years away) to sell these, but hodl BTC for the duration. I could see a bear market happening between now and then. Target would be BTC at 300K+. These, if still correlated would have gone about 5-10x if correlation is maintained, but some growth at the very least. At this price, your risk/reward on both is fairly decent for small money. Then you have fiat in your tax shelter as opposed to selling BTC which could theoretically continue higher and something to pass on with an inheritance, or you can cash out completely. It is all about options. My opinion, sit on BTC/ETH and possibly a few others, collect a yield if you can via staking and or services like Blockfi.
TSXV:HIVELong
by JJMa
BTCUSD Analysis: What’s Bitcoin Up To?BITFINEX:BTCUSD Dear friends, The new week has come. As it is usual on Mondays, I offer you my forecast for the cryptocurrency king, Bitcoin, and the corresponding trading instrument, BTCUSD. The recent week was rich in surprises. Nobody had expected Bitcoin to drop so deep. Let’s see how BTCUSD actual price moves have matched to my projections. Analysis of the history of BTCUSD (BTCUSD forecast, dated 03.09.2018) (BTCUSD current situation on 10.09.2018) In my previous forecast, I suggested that the market is obviously overbought and heavy to move. I expected BTC to move down and break through the first trend; however, I didn’t think it would be falling so fast. As it is clear from Bitcoin price chart above, there was an enormous price dump, touching the low at 6119.50 USD. 40 million of the cryptocurrency market participants witnessed how Bitcoin’s drop covered its entire rise, which was developing during almost a whole month, just in a couple of hours. BTCUSD fundamental analysis It is remarkable that there were hardly any fundamental reasons for such a deep dive. There wasn’t any negative news at that time, and those stories that later were being linked to the crash, seem to be a nonsense. I mean, the manipulators have the impertinence to skip preparing the needed news background and they are just pressing the market down by means of their big positions. This strong drawdown has changed the fundamental situation. To update Bitcoin trading scenario, I suggest carrying out all-round market view. BTCUSD technical analysis As you see in the BTCUSD monthly chart above, September candlestick has painted black, completely destroying the emerging candlestick pattern, Hammer. However, nothing disastrous has happened, as the low didn’t reach the new upward channel that has just started emerging (I marked it with green dots). Moreover, BTCUSD ticker hasn’t broken through Keltner channel’s centre line, which was at 6153.9 USD, or the July’s low at 6079 USD. Until the above levels are broken out, the scenario of the price moving inside the triangle is still likely and relevant. In BTCUSD weekly chart, you see that, despite the black engulfing candle of the previous week, oscillators are still sending no bearish signals. MACD graphs are above zero level, MACD moving averages are still green. RSI stochastic suggests uncertainty, even despite such a dramatic crash, occurred last week. In Bitcoin daily chart above, it is clear that there is developing one of the suggested scenarios for the ticker’s movements within the month. A trend was going on during the shift from July to August. If the ticker consolidates and doesn’t go lower than the key level of 6075 USD, the market is likely to move in a slightly rising sideways trend. I’ll analyze BTC 4H timeframe as a part of my experiment with unusual charts. Today, I’m using the Tic-Tac-Toe chart. As it is clear from the chart above, the BTCUSD four-hour chart shows quite a long period of the history, including the price movements over about six months; and the unit size is not more than 108 USD. Nevertheless, this broad view suggests that the market has met a support from the upward trend, and the symmetric triangle pattern is now emerging. I think that oppositely-directed signals, sent by MACD and the moving averages in the indicator window, are the features of the sideways trend. The Japanese candlestick chart on the left proves the idea of the sideways trend development. First of all, it is proved by MACD bullish convergence, and the fact that, despite such a dump, the ticker hasn’t broken through the key support levels. As you see from Bitcoin price chart above, the last series of cycles created multiple support levels. Combined, they create a wide zone that sets bears back; it is between the levels of 6440 and 5755. I’m sure manipulators will hardly break through this zone, unless there is any strongly negative fundamental news. To sum up BTCUSD analysis: This drawdown is obviously nothing else but an audacious manipulation, a try to shake all hamsters out and strengthen their positions. The plan has definitely failed; BTCUSDticker stopped where it had been expected to. They couldn’t’t create a panic. There are likely to be a few more tries to press Bitcoin price lower, but the multiple support levels won’t let them do it as easily as previously. Currently, I suggest that BTCUSD should move inside the symmetric triangle, supported by the triangle’s bottom leg at about 5935 USD (I marked it with green dots in the chart above). I don’t think the ticker will move outside the formation even as a spike, at least during the next two weeks. Unfortunately, above the ticker, there are also rather numerous resistance levels, like at 6400 and at 6700, and the triangle’s top leg, in the form of the downtrend. Therefore, there is growing tension in the BTCUSD market, and so, in the entire cryptocurrency market; it will result in strong volatility and single price jumps for some altcoins. That is my BTCUSD trading scenario for the next two weeks. Go on following the Bitcoin price and staying informed on the cryptocurrency market. I wish my Bitcoin price predictions are useful for you! I wish you good luck and good profits! ________________________________________ PS. If you agree with the forecast write “+” in the comments, if you don’t agree, put “-”. If you liked the post, just write thank you, and don’t forget to share the post. It is easy for you and I will be very pleased :)
BITFINEX:BTCUSD
by Hypov
2
BTCCNY: Daily update - Uptrend speed line support nearbyBTCCNY is in an uptrend in multiple timeframes, from the 2-month timeframe, down to the weekly. The daily recently encountered supply after retesting the resistance from the initial PBOC induced selloff. Now, it is absorbing the sellers' orders down here, and it could resume the move up, or simply remain choppy until the end of the month. A good strategy will be to buy when bearish momentum slows down, on any significant setback, and look to book profits retesting overhead resistance levels. Naturally, I'm reserving the exact entries, timing, and risk management to my signals clients, but you can get an idea of what to expect here. If the uptrend speed line (white) holds, we could see a sharp advance here, and a retest and potential breakout of resistance at 7048. Good luck, Ivan Labrie.
BLong
by IvanLabrie
2
BTCCNY: Daily updateThis is what we're looking at here. We're already in a full position, so, we're limited to use leverage to add trades here. We took a long, currently in profit, and we're aiming to book profits and reduce our long term position against resistance higher. We'd like to see the following happen next: No new lows after today. Daily close above 5175. Price not hitting going under 4811, and not hitting 3991 by the 16th (if #1 and #2 happen...naturally, this won't occur) Price return to 6300 give or take, within a few days, and then go up to test the PBOC key level. After this happens, we'll need to see how price action evolves, in which case, I'd favor booking profits from our longs, except for the core long term position of 15-30%. In my case, I aim to hold 20/20%, in ETH and BTC, and not close these until we achieve the long term targets described in my other charts. Good luck to us all. Cheers, Ivan Labrie.
BLong
by IvanLabrie
48
When China Says Something, Listen Up.BTCC has stated it's preffered ETH currency, and it's the Classic one! This is huge for the classic project. Getting the chinese to support you is a very big deal in crypto, where the chinese stands for the biggest volumes. Buy | 0.00112 Sell | 0.0018 Stop Loss | 0.00098 Fundamental Major Chinese Exchange BTCC Selects Ethereum Classic Over ETH | Cointelegraph When the addidtion comes, you will see a sudden rise of interest in the currency. This should easly translate into a higher price before the hype dies slowly out and we start going down again. Technical ETC has gone slowly down ever since it first pump in August where we reached as high as 0.00638 . It has tested the physiological 0.001 mark hard the last month and it has held. The bottom is in. We have already started coing upwards. When our target is hit depends largely on china's addition of ETC and what Bitcoin is doing. It might take longer/lesser time then what we have drawn up. Stop Loss Should this analysis be wrong we will get out when the 0.001 bottom is broken. This leaves us with a very healty risk-reward ratio. Note: The Risk-Reward graphic got a little messed up but you get the idea.
Long
by Kryptokelly
6
BTC WEEKLY CHART: "The Panic Zone" THEY'RE BAAAACK!Actually "THEY" never left. The volume of Chinese Yuan moving into Bitcoin is off the charts. It's ten to fifteen times larger than the previous Yuan devaluation I noted with the May 23 "Chinese Insiders" chart tag. The current round of volume and valuation have not been completely reflected in the BTC/USD chart. The US investors are still asleep. There is huge upside pressure on the BTC/USD price. Here's what's going on. The Yuan is about to be devalued again. The Chinese government likes to pin the Yuan value to the USD. The USD has been rising against other currencies because of a perceived safe haven from problems with other currencies. My opinion is this perception is ill placed but that is not the topic of this discussion. The reality of the manipulated connection between the Yuan and the USD is that this makes Chinese manufactured goods too expensive and the Chinese government is about to take action to correct this problem in a big way. We have already seen China dump massive US debt. They did this just prior to the previous devaluations too. Hang on to your hats. We're in for a ride!
BITFINEX:BTCUSDLong
by investigator