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Btcchina

Push BTC low to hand out $$$There's so much news telling us that BTC is about to take off and you should buy. Remove the label and analyze your chart. BTCusd- chart indicates a bearish sentiment. As bullish as all altcoins appear to be at the moment, everything will change if BTC takes a swan drive. And the pattern and supporting price action indicated lower lows are likely. There is strong support at 6k although the pattern indicates a low of 4k with 5k yet to be tested. If this should occur, it may lead to a long, slow recovery. Understand who is driving the market. This would allow the larger investors time to prepare their products for the open market. Many altcoins seem to have bottomed and will hold at or near support to hold off the potential storm. Of course, prior to the next massive rally. When you hear the words crash, see the sign that says 'SALE ON NOW'. HODL ON
COINBASE:BTCUSD
by DelorenFX
2
The latest Hidden Bullish DivergenceCome one come all, get your Bitcoin for a low low psychological resistance of $9,850! Sikeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee. Anything below $10k is a range. Yes, we broke out, but it doesn't mean jack crap all if it's not gonna keep going. People, for DAYS I have been calling Hidden Bullish Divergence pretty much everywhere. Go ahead, check my previous charts. I'll wait. . .. ... .... ..... ...... ......................................................................................... Yeah, so anyway. Above we have a gorgeous chart of recent price action. Notice the price action going up, while the RSI goes down? This is basically indicating that the bulls are having to exhaust way less momentum, as time goes on. If you pay close attention to what the 15M, hourly, Bi-hourly, 4HR, 6HR, 12HR, and daily are painting in the RSI... You have the strongest buy signal even possible given current circumstances. Again, search my latest ideas. I'll wa... Yeah. You get the idea. Ever wonder why I consistently hit front page? I'm just some amateur that did his research. Will you? This isn't trading advice. This is a warning for those that do their homework. Good luck and happy trading!
BITFINEX:BTCUSDLong
by deactivatedaccount123
16
BTC day chart - updated - Possible 5.5k bottom crash!Okay there's detailed daily btc chart and some good support and resistance lines. So pervious Bulltrap was at 9.5k and it crashed all the way down to 6k, now the 2nd Bulltrap was at 9k and we might expect to see bottom at 5.5k realisticlly and we could see it dip even more but lets make sure we dotn miss this great opportunity. All questions and answers about charts and price prediction as well as day trades / swings could be provided in real time on our discord server : discord.gg
by InstitutionalTrader
Breakout or Fake Out? As many of you already know that BTCUSD has broken out of it's short term trendline. Generally this is an amazing signal for reversal, however, I am not convinced yet. False breakouts are one of the oldest tricks in the books. Market Makers use these to trick small fish into creating impulse positions, driving the price up or down and the volume up. The Market Makers, aka Whales, use this volume to their advantage, eventually driving the price in the opposite direction. My reasoning: Directly above the broken trendline is the .5 fib level which we are currently struggling to break through. This level, along with the .618 are very common areas to bounce off of to continue the current trend. Breaking past the .786 would be a very bullish move for BTC and is something that is still very possible. Not only are their major fib levels to watch out for, it appears that we are currently completing the 5th impulse wave. Meaning downward movement is likely to follow. Generally, based on BTC's history, the 5th wave is often the largest impulse wave; which means there is still a chance for BTC move higher. So the golden V marked above (also the .618) is a potential place for BTC to continue its downward movement. IF you look at the RSI, that line is acting like a brick wall. BTC has failed to push through it on multiple occasions, and large downward movements have followed immediately Summary: I'm not here to crush all of your BTC dreams. There is still a solid chance BTC will push through all these levels and we could see an ATH in the future. However, based on my TA knowledge, I do not believe the odds are not in its favor. I am not posting this saying whether to go long or short. This is more of a caution for all traders. That this break is not a guaranteed moon. Market Makers are a real thing, and they have more skills and tricks that any of us could imagine. I wish you all the best of luck. DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BITSTAMP:BTCUSDShort
by oh92
43
Ok Folks! Shit hit the fanAll right it seems what I was afraid of happened. There are two possible targets that BTC may fall down to One is 3650-3700 area. This the bottom of a longer term trend on weekly basis.(1) And other target is 3.457 target where the neckline of this head and shoulders pattern started to form. (2) My take , and wish is 3650, asI have previously stated in my pervious analysis. The market started to be a bit oversold, but markets can stay oversold for days and still stay oversold . But the market is oversold , my concern is that although it is oversold, we see continuous selling ongoing bur not turning into a nice wash out session. As we reach to that bottom wash out session, we can not find the bottom. I am still bullish , I still believe Cyrptocurrencies are here to stay, and probably we are exaggerating the FUD from China, in the end China's overall participation in overall turnover in cyrptos is %15, thats all. China could totally ban and be totally out of play, we would still have the rest of the world. I am bullish on on Cyrptos on long term, I will be looking to find some extra money to put in while we are doing this nasty correction. I am also a bit happy that, this nasty sell of throwing out , only happy when market's up type guys. Please comment what you think?
BITSTAMP:BTCUSD
by Baris_Sozen
Bitcoin summer fundamental and technical analysisHello everyone! On the fundamentals side : I believe the altcoin/token bubble is over. Most of the altcoin charts I see point down and the same goes for Bitcoin. I am of the opinion that this bubble popping will bring Bitcoin down with it (but to a much lesser extend). Also, as you might have heard, Bitcoin has had a problem upgrading due to some miners blocking the upgrade. However, this will probably come to an end in August either in a 'peaceful' or a 'violent' way. The situation will be getting clearer and clearer by late July and early August, but for me the outcome is pretty much very certain : Segwit (the so much anticipated upgrade), will kick in smoothly in August. That alone could pump the price by 2k in less than a week. The issue is when will we know for sure? Unfortunately only a few players will know precisely when, so the only thing we can do is trade based on price behaviour or buy and hold below 2000$ (or if you have the stomach, buy now.) On the techical side : I think the bear trend has started for good. My momentum indicators are pointing down. Price failed to make new highs and fell after hitting hard resistance. If the 2200-2300 levels don't hold, we are in serious trouble. These are good short term levels to go long, but not ideal for longer timeframes. Below I created some tradingview images using various charts and exchanges, as I think that people shouldn't trade based only on one exchanges. My original chart is an average of the top 6 Bitcoin USD exchanges : Bitstamp, Bitfinex, Gemini, BTC-e, Kraken (LOL), Coinbase (LOL x2) BTCChina - This one shows that the support has broken and if the red line is broken, we are going down... Bitstamp 4H - Momentum + Oscillators - All bearish Bitstamp 1D - Momentum + Oscillators - All bearish Bitfinex log chart BTC-e log chart And finally this is a kinda complex chart I created, based on various non USD exchanges. You can see the pairs and the ratios I've used for each pair. The ratios are kinda arbitrary, but I've considered various factors before choosing them - i.e volumes, fees, withdrawal issues and geolocation. Somehow it seems to be working very very well, and by this I mean that former resistance becomes support and former support becomes resistance.
COINBASE:BTCUSDShort
by BitcoinMacro
10
BITCOIN 10K ON OCTOBER 9Bitcoin has proven once again its highly repetitive nature. Whilst many people have called for the death of Bitcoin over the past few years, it has simply done what it always does and that is repeat. Many people have missed this by not looking at the bigger picture. Bitcoin has just played out over the past 3 years and is continuing to play out what happened during 2013 only on a larger time frame and has already begun the launch higher. Most importantly this coincides with the infamous Bitcoin 235 day cycle. This cycle was derived from the early days of bitcoin trading where each of the first four major tops from all time highs fell exactly 235 days apart. Since the bear market that began in 2014 the 235 day cycle could no longer coincide with new all time high tops but instead continued to top with bull runs that happened in the lead up and to this day has yet to be proven wrong. The next 235 day cycle tops on October 9. Expect chaos on the way up. Expect candles over $1000 from high to low. Expect inexperienced traders to be wiped out along the way. There is no safe entry price or safe stop loss only a target of $10k on October 9. Bookmark this chart.
BLong
by STIADAYSOFPAST
23
BTC WEEKLY CHART: "The Panic Zone" All that glitters is not goldNew all time highs and gold parity. I want to give my hottie a new BTC chain necklace so I went to the local artisan. They said wat? The best that I could do was pay for a new gold chain in BTC. So is BTC as good as gold? I wanted to get this latest version of the weekly chart out on display to make some comments. There is no evidence to suggest this rally, now 7 weeks old, will last. There is no volume. The angle is too vertical. It could be the result of panic in EU land. I pointed out some reasons in previous comments. It doesn't appear to be solidly China related. I invite comment. There are actually 3 rallies going on simultaneously. I have marked each. The fundamental over 2 year rally marked with the solid red trend line. The 20 week rally marked with a dotted red trend line and the current 7 week rally marked with a dotted red trend line. None are showing a break in the trend. A break in the 7 week trend will be a dramatic event. Price could pull back 25% to the 20 week trend line. When? Soon, maybe. Be cautious. Take down some profit for a rainy day and enjoy the ride.
BITFINEX:BTCUSD
by investigator
7