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Bitcoin (BTC) May bounce hereMy last idea called for a drop in price, with a possible long if it could hold above the short area. That failed, and I have been short since. View trades in related ideas. I have already closed my short and current hold an underwater long as I got in a bit too early, around 3383. If this holds similar to a bart formation, I will be very happy. After some thought, I decided to long Bitcoin here. This could be pretty risky as 2k Bitcoin got bought on Finex, and the buyer is currently underwater, but it does seem like they are collecting shorts right now. I'm unsure if this will squeeze up, so it is a gamble. There is no TA involved. Just predicting what the MMs will do. Thanks for viewing! Please don't take this trade unless you are willing to lose everything. I have an account that is currently long, and am perfectly fine with a liquidation.
COINBASE:BTCUSDLong
by HD1184K
7
Trading volume is up, a good sign for the bottom or close to it. Trading volume is up, a good sign for the bottom or close to it. Weekly trading volume these last two weeks have been over double the last 2 months. This is a good sign. In order to find bottom there must be a large volume of sellers and buyers (aka capitulation). But just because this might be the bottom, it doesn't mean we can't double bottom, like we did in the 2013 crash. Also just because we are at the bottom doesn't mean we are in a bull market. There needs to be a nice long accumulation phase (sideways) after bottom. IMHO it will depend on developments in the next 6 months. If we have good enough real world use case developments (not hype) Good developments: 1. Lightning network development and adoption 2. Quality custodian solutions for institutional buyers 3. ETF and or other exchange traded products that support crytpo, like Bakkt Potentially bad developments: 1. Lightning network bug/crash/hack 2. Institutional buyers can also short the market 3. Custodian hack. IMHO the future looks bright long term for Bitcoin 3+ years. In the meanwhile, my guess is that we trade in the 3k to 6k range. Lots of things going on in the space and lots of quality projects in BTC / ETH / IOTA. Remember a few important things: 1. Buy when everyone and their mom is telling you to sell. Also sell when everyone and their mom's are telling you to buy. 2. This is not financial advice just my opinion. 3. Invest long term and in good projects.
BITFINEX:BTCUSDLong
by ImpactDLT
$BTC ~ Down Down, Merry Go Round..Bitcoin - Short the ponzi ;) I believe we're about to see a sell off, rapid one.. but won't get a lower low. ($3652.66). We will form a double bottom on the daily timeframe and then that will be the end of the bottom for 2019. We will rally to 5k-6k from here in December. With this dip, short positions will grow greater, but will be squeezed as we recover from this double bottom shooting us up quickly in December. Just an opinion. Dominance/Market Cap chart compliments this theory. Let's see how she goes!
by The_Paradoxed_Prophet
bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoinbitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin is not the one! But Long-Squeeze is not what we are here for. Just as we didn't come for Short-Squeeze in 2017, eh?
BITSTAMP:BTCUSD
by fineregex
BTC Outlook Strong, Past performance doesn't guarantee future...results, but it does give an indication of what might happen next. Let's review some historical facts to see what we think bitcoin might be up to. This is the 1W chart. 2013-2014 BTC Bubble The last boom and bust BTC rocketed 800+% and the subsequent bust was ~82% and took 406days to reach bottom. It stayed near the bottom for ~266days. There is usually large volume at the bottom approx 2x. I've been saying before this recent dip when we were in the descending triangle, there wasn't a large volume movement to break out or drop through the triangle and only when that happened, we would know one way or another. Current bubble Depending on where you start the momentous rise, we rocketed over 800+%. This bust is currently only 70%+. Here are my personal opinions, not trading advice. We are close to the bottom, but not quite there yet but I think it should happen by the end of the year 2018. Sell off volume needs to be significant (could be this week if we have huge volumes this weekend) Volume will be my primary indicator. Long term - Any buy would be good right now but save some cash to buy more if it goes down. We are near the bottom, so this is not the time to sell or short, the upside potential for a short is minimal and your timing has to be perfect. Short term - Anyone's guess. For you alt-coin traders, don't expect any real decoupling from BTC until BTC has hit bottom. No one wants to buy an alt-coin because of the BTC fear. So Hodl!
BITFINEX:BTCUSDLong
by ImpactDLT
3
50 million USDT sent to Finex, used to buy the bottom.Bitcoin has basically capitulated, but finally had an impressive 10% bounce from its low. This was due to 50 million+ worth of USDT being sent to Finex, which was consequently used to buy the bottom. Whales trade on Finex, this is common knowledge. I have tracked most large buy orders and placed them on the chart. Currently I have no idea whether or not this is the bottom, but we should consolidate here for a while. Now is the time to be buying. Utilize the buy and hold strategy from 3000-4600. By the next halving we should begin another bull run. So expect a bear market for the next year. In the meantime, take advantage of the volatility and make some money. Thanks for viewing! Keep in mind this is BTC/USDT, so price is different from USD.
BITFINEX:BTCUSDLong
by HD1184K
11