Btcdollar
Bitcoin bullish penantYou guys are getting bored with BTC. You guys are fucking around with shitcoins. You guys aren't paying attention to the BTC market dominance, which is at all-time lows of 33%.
BTC will rally, and it will punish the alts once again. Don't ignore it this time around.
Bitcoin - Long to $20kNice bounce of moving average, looking for a bounce here and rally to ATH. Stop set as per chart, good luck!
Bitcoin - a forecast based on averagesThis is merely a forecast of the BTC price, based on time and percentage gain and loss of previous "waves". Should we have another "average" wave, this is what things could look like.
Bitcoin - target 12kFibonacci. If we break 10, we're hitting 12 before next resistance. Wait and see as Asia opens today!
Bitcoin - Zones to watch for a pullbackWell, I was wrong in thinking this was just a bounce - and it's turned out to be a rally to all time highs. So, we have to re-adjust our thesis to the current market conditions, and move on. I don't like chasing candles, and so I haven't fomo'd into BTC yet - I like to buy on the corrections, when there is blood and fear all round. It is in these situations that sellers tend to give the best "deals", as a result of their emotions. Buying into hype is risky, in my opinion, as the opposite happens - buyers overvalue the asset because of their emotions. I'm being patient here. I'm watching these zones for a bounce.
BTC - day trade short ideaLooking to short if this rally turns out to be a bull trap, if it starts breaking out to new highs, short will be closed. However, this is what I think is happening on BTC: (image linked below). I still think 4500-5k is in play
blogs-images.forbes.com
Bitcoin - Day trade the Asian sessionsWe saw yesterday how the open of Asian markets affected the BTC price. The whales are asleep right now, so it might be a good idea to buy before they start hitting the asks hard later on. You ready for another late night? Will advise entry and stop as we go
Bitcoin - No 2x fork, things have changedNow that there will be no free coins, I think that BTC will have a correction to the previous level of resistance, which is 5k. Now that 2x isn't a thing, that value will be drained from BTC's current price, as the reason BTC rallied was because the market factored in the price of 2x into BTC. I'm waiting for 4900-5000 to go long again, however, I'm not short right now. Just holding.
Bitcoin - Hedge your altcoins by going longI know I said I expect BTC to have topped for the year, however, it's not impossible that we'll have a little short squeeze following the recent dip. I'm 10x long @ $7270, looking to take profit around 7590-7750, and my stop is located at 7129, which is just below the daily low - I believe if we start breaking that price, we will proceed to have a red day.
The reason I'm opening this position, is to hedge against the longs I have on altcoins. Do the same, so that if BTC rallies and we have another altcoin winter, at least you'll make a bit:
Trade stats / size:
- Capital deployed: 35%
- Overall portfolio at risk (stop at 7129, 2% loss at 10x = 20% of 35% of Portfolio): 7% risk
- Reward: 15 - 22%
www.bitmex.com (Bitcoin Contracts, Margin Trading up to 100x)
Bitcoin - Elliot waves to new highs - $9k targetI've never really been an Elliot wave trader, however I've been looking into the theory behind them lately, and I find the concept very interesting. Let's see how this scenario plays out. Besides the Elliot waves, we have a massive bull flag that formed from 7500 down to 7000, which has now broken upwards again. Elliot waves, bull flags - Bitcoin is going to new highs
Head & Shoulders formation in Bitcoin indicates shortThe head and shoulders formation indicates that a sharp move downward may be imminent.
I'll be shorting 1 BTC holding in hopes of increasing bag size at indicated points.
Out of new triangle soon? Here's the target inv HS out :)All details at chart. Simple and clear, just trade.
