Btceth
Bitcoin consolidate in bullish triangle, breakout in end of Sep!Hello, Dear fiends
Bitcoin is consolidate in a triangle, yesterday, the higher low is setup near MA 100 day, still keep inside this triangle.
From the formation, upward breakout is expected, strategy is buy near the bottom of this triangle. I think the 9000 level is very solid support in near future!
And let's have a look at a reference also.
there is a triangle setup after the initial bull run from Nov. 15 to Apr.16. very similar pattern? :)
Thanks!
BTCUSD 4H LONG On the 4 hour chart, Bitcoin looks to have completed an Elliot Wave Cycle. After completion of a corrective ABC pattern at a significant .618 retracement level of the initial impulse wave (1-2-3-4-5), the price broke through a long term S/R trend line. (see red trend line) With the RSI > 50, and significant resistance ahead (see blue rectangle zone of S/R), a 1st test rejection could make way for a possible inverse head and shoulders formation, making a bullish case for Bitcoin moving forward.
Bitcoin - 1h Short BTCUSDHere we can see that bitcoin broke under multiple support lines. The price fell under the EMA 50, which may serve as future resistance. (blue line) If the price falls under the channel support, then a price drop equal to the height of the channel could occur.
This would be the $8470 - $8420 area.
ETHBTC 3-hour forecast. Machine learning.Dear colleagues and followers,
We would like to sincerely thank you for staying in touch and interacting with our posts. The Osiris team will keep working hard to constantly improve our predictive and trading algorithms to deliver the best results achievable.
According to the recent news, Apple, maker of the wildly successful iPhone, appears to be taking its first tentative steps into the world of bitcoin and cryptocurrency—revealing its upcoming iOS 13 software release will feature what Apple calls a "cryptographic" developer tool. Read more: www.forbes.com
The following is a scheduled notification from the Osiris team. Our models have been working hard and smart on forecasting the market, and here are the most up-to-date predictions for the next 3 hours:
Pair: ETH/BTC
Predicted close price: 0.031489
Standard error of forecast: 0.000278
Expected gross return: -0.4%
As expected gross return of Ethereum is inadequate, the model has recommended staying in BTC in this trading period.
Thank you for staying in touch and good luck in today's trades!
Bitcoin BTC CONSOLIDATING At MAJOR RESISTANCE Level! What's NextBitcoin BTC consolidating at MAJOR resistance level , what's next?
A lot to talk about today, as we're going to be covering Bitcoin, Ethereum, & Ripples Technical
Analysis, as well as BNB and why I’m holding the Binance coin right now. Then there is some
awesome headlines to talk about Fidelity Institutional Investments coming into this market were
going to be talking about Tether not being backed by actual Fiat and what you guys need to do
about that, alongside with Facebook building a new crypto currency and why that's important.
We're also going to be looking at daily transactions per day and BTC dominance as things are
starting to cook up.
Getting right into this BTC Technical Analysis you can see we are starting to rise up towards this
very strong resistance at 6k USD, you can see it acted as previous support multiple times and
as we know, if you guys are traders anything that was previous support that's broken down is
now going to turn into the next resistance. Looking at where there is a potential opportunity in this
market I am assuming that we are most likely going to see a pullback at the 6k level and if you
guys watched my TA from the last few weeks. We've been following the consolidation trend that
I expected and we are also testing these highs, but I believe we are going to see a healthy
pullback towards this support right around that 4950 levels but possible another consolidation period
around 5500-5800 along the ascending support line. If you haven't gotten your position in
BTC as we know we are starting to see a lot more bullish momentum in this market, in my opinion,
it is time to start Dollar Cost Averaging into BTC. We are starting to see this long term
downtrend starting to curve up and we are seeing this correction come to end and a new bull
market starting to emerge. I wouldn't be surprised to see BTC pullback towards these moving
averages as you can see we got the 50 100 200 MA, it would be a healthy pullback to see BTC
drop down to these 5k levels.
Looking at the RSI you can see we are heading towards these overbought levels as we do not
want to stay at these levels for too long.
I do want to mention that I am still very bullish about Bitcoin in the long-term looking at the chart
of daily transactions per day, you can see here we are starting to maintain these
300-400k transactions per day levels and these are the same highs we saw in 2017 when
Bitcoin was at 20k USD and as you can see we've been staying at these higher levels which
now we're looking to see how long we can stay there.In a fundamental sense, we are still very bullish about
BTC and we are going to go over some news articles to prove that point.
What is also exciting is if we look at BTC markets dominance we are starting to head
towards these higher levels at 55% and that's actually one of the same highs we saw recently
on Sept 10th of 2018 we haven't been at these highs since then, that is a very positive thing but
please note that we for sure know that there is a resistance area for BTC and we don't expect it
to just shoot up out of nowhere there will most likely be a healthy pullback as we look at the
technical analysis of Bitcoin.
Diving right into some News Headlines:
“Institutional Investment in cryptocurrency likely to grow, 22% of
respondents have already purchased cryptocurrency if the survey accurately represents
institutional interest. This is a remarkable increase from the near-zero institutional investment in
2016.” What's really cool is I had a chance to sit with Brock Pierce, he was part of the founding
team of EOS, working alongside Jed McCaleb, Dan Larimer, and even some other big hitters
like Roger Ver, he’s been in the sphere since World of Warcraft coins and is one of the founders
of the largest fundraising funds in the cryptocurrency sphere. He is a Billionaire in this market
and I had a chance to sit with him at a private event and what's interesting is that he mentioned
Cambridge Analytics, which isn't related to Cambridge Analytica which was involved in that FB
Data Scandal. This is a separate company that works with institutional funds that help create
benchmarks for these funds to invest in and at the same time choose the safest investments.
Brock mentioned, that two months ago for the first time they added blockchain & cryptocurrency
as 30 points of recommended investments in their funds.
So as this report from Cambridge Analytics goes to most of these institutions we believe it
represents over 300 billion dollars. What that means is that over the next few years we are not
going to see these funds just jump right into BTC since there is a lot of compliance paperwork
they have to go through to start investing in new assets.
This article is proving Brocks point as you can see where it says “more promising is that 4 out of
10 respondents are open for future investments in cryptocurrency in the next 5 years, if the opinion
remains unchanged this means that institutional investors can increase by 18% over the next 5
years.” So if only 22% right now have already purchased cryptocurrency and we see another
18%, that's 40% more institutions investing in crypto, and I believe that's exactly what we are
starting to see and it's proven in the daily transactions per day, BTC dominance, and as well as
its technical analysis.
Looking at ETH TA we are below this EMA this is a momentum indicator which is showing a
bearish momentum. We broke major support right around that 3 million satoshi mark and we
are starting to head towards that 2600 level, that's the first target that we have from our previous
support. Also looking at the RSI we see bearish divergence and constant rejections below 40,
anything below 40 RSI is considered bearish, overall not looking so good for Ethereum.
Looking at Ripple TA it is very similar below the EMA, below all MA, broke major support,
headed towards its next target right around that 4k satoshi level. Looking at the RSI very
bearish, multiple rejections below 40 not looking so well.
Finally where I've been hedging the majority of my crypto has been with the Binance Coin. As
you might remember I made a video in Jan 2018 last year stating that the best performing coin
of the year would be BNB. It was the top performing coin of 2018, with my experience of over 9
years it's clear that use case is what creates intrinsic value and that's what we are always
looking for with these coins. BitTorrent coin is a coin that I'm very optimistic about as well, it's a
very long term trade for me.
The Binance Coin is looking very interesting we are seeing a bullish EMA because of Bitcoins
current rise but once again Bitcoin is started to head towards this resistance and that's
actually allowing BNB reach to hit the 50 MA. I can see this as a very strong entry point because
of that 50 actings as support and it would be a good bitcoin hedge. What I also like about keeping
my money in BNB is we are seeing the very strong volume on a consistent basis and a constant
uptrend and its held very strong over the past few days, we expect the next target to be around
that 50k Satoshi mark. If we look at the RSI is in the neutral showing very good support, looks
like a good player to currently to be hedging with as BNB is trending up.
Moving onto some more news, this is a very interesting article about Tether. As you can see it
states “ Tether confirms 26% of its USD is not backed by Fiat” and they are being sued by the
US Attorney General's office due to the fact that they were hiding they lost a good amount of
money and decided to just print more Tether to cover it up, which is a very big deal. So I would
not be holding USDT at this moment. I would be using USDC TUSD and there is a lot of other
alternatives.
Looking at this next headline, a lot of people are talking about FB Building a Crypto Based
payment system lets talk about why this is extremely important you can see here “FB has been
building a stable coin backed by fiat and recruiting dozen of financial firms and online merchants
to support the financial crypto ecosystem which is very good for growth and mass adoption.
But what's most interesting is this part is that Facebook was looking to raise 1 billion USD from
investors and the report confirmed the money will go towards backing its stable coin. If you see
a billion dollars enter a market that's currently at 180 billion in total market cap that's going to
bring the market cap a lot higher.
Understand that when you are looking at market cap the figure is the total evaluation of all
coins, the actual liquidity is a lot less than what the total market cap is, so 1 billion USD can
make a very big impact. If we look at BTC latest huge move, it was a $100 million dollar order
that brought BTC up about 23% in 1 day. If 1 billion dollars that Facebook is already collecting
from investors to create a stable coin that would theoretically have us see a 10x return of this 23
% that's over 100-200 % gains just from Facebook putting 1 billion dollars into this market and
that's why I am extremely bullish and I hope you are too.
Chart by Avalontrading
Analysis by Naeem Al-Obaidi
RDNETH - RAIDEN NETWORK TOKEN - Added to Watchlist. NOTE:
These are just my opinions. My messages or chart analysis are NOT intended as a recommendation to buy or sell any cryptocurrency or asset.
Do Your Own Research.
** NO POSITION , NO COMPENSATION **
---
BTC 3D PerspectiveTook a while to create.
The idea was to use measurements from Volatility, Fib, Ichimoku Clouds to create an idea of what the price would look like from the first peak if you were standing there looking in the distance.
I think this shows we are bullish as well due to the fact we had support above breakout resistance from last time.
More Pictures in description
Bitcoin Bearish Posture And Potential Break Down Or Out PointsIt seems to me that we are in a bearish descending pennant similar to what we experienced between 20-6K with it bouncing from 6K then retesting 12-13K and rinse and repeat. Nothing about these moves are anywhere bearish, But it does not mean that we can't and nice 15-50% rallies in between. This is the part of trading that separate the boys from the men. JUst when you think that you are on to the direction and know where the market will be going, it will do the exact opposite, This market is not supposed to be predictable, There are people that know exactly what you are planning to do in each situation. Alot of traders experience the situation where they get lured into the thought of a market continuing and moving up and it ends up crashing back down, same thing when it feels like it wont stop and keep dropping it ramps up for a nice rally that you wished you'd be a part of. The only way you can be successful is to protect your capital, and mitigate your risk, once your risk rewards are properly planned out you really can't go wrong. The rest is history, There will be trades after trades that present themselves to you and you shouldn't just jump on everyone. I always say to be patient and let the market resolve itself, Usually after a rally it takes some time for it to topple out and then start moving to the downside. This is why you dont wan't to start trying to call each top, give the market some time to exhaust itself and then start considering getting into a good structured setup and plan.
No one knows where the price of bitcoin will go. A few weeks ago when we were shooting down to the lows everyone would have told you that they think its going to go lower. Now everyone is screaming for higher prices. Its total insanity. Stop listening to the noise, If you think that the price action is fair you can buy with reasonable stop losses and reasonable targets. Dont get greedy, dont get scared, dont get over-leveraged. Just be smart!
What I see in the next couple of weeks/months is that if we end up breaking up and away which at this point I would probably say its 30-40% likely that we do. We would easily reach up to $4200-4,500-4,800-5,200-6000. Anything above $5,000 is very close to being "end of the bear market" pricing, since we will be so far from the lows that it will be safe to say that even if we drop below $5,000 people will lose their minds to buy those prices up. But unfortunately I think that we are way to early to start retesting $5K and would rank the downside continuation at a 60%+ probability. This market will not be forgiving, and will make people enter positions to then lock them and pull them under, people still write targets for insane shit coins which leads me to believe we are far from over selling off. These moves in between are temporary spikes that if traded properly can be very profitable. I mean c'mon eth did 50%+ in a few weeks, Who is complaining, Not me thats for sure!
So to bring this write up to a conclusion, when in a trend you must trust that trend and follow that trend the trend is down, this goes until the trend ends and the last seller has sold, To me this does not seem like its anywhere close to being over, My realistic target is $2300. It can potentially drop down to the low $1,200's (85% chance) on the last push down this is worse case scenario and probably 15% likely. I would not be surprised to see the prices down at those levels. People are on some real life hopium if they think we are reversing here. So lets keep on trucking, and make sure you don't lose your pants :)
Best of luck, Dont forget to like and share!
GVT - GENESIS VISION - HUGE VOLUME - ADDED TO WATCHLIST NOTE: These are just my opinions. My messages or chart analysis are NOT intended as a recommendation to buy or sell any cryptocurrency or asset. Do Your Own Research.
** NO POSITION , NO COMPENSATION **
ETH/BTC SpreadFinally, we have been watching the ETH/BTC spread closely, and witness a price run up from .035 to just above .04 over the last few weeks. Fundamentally, we have expressed our view on this spread almost a month ago:
After this weekends price action, this could be a decent entry point start accumulating a position
I need triple green dots for bull market confirmed. BTCBuy Green
Sell Red
//
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
//
it works good for stocks and cryptocurrency.
//
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
//
when a green dot -8.89% appears you buy, if a green dot -8.89% appears after that green dot -8.89% you hold your investment.
if a red dot appears you sell your position. easy as that.
//
the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
//
shorter time frames will be choppy.
//
larger time frames will be smooth.
//
*Daytrading smaller timeframes is possible but not recommended.
Your emotions is 50% the other 50% is this 1 indicator.
I quit all of my other strategies that i use to use and now i only use this 1 tool.
And...
when we apply this to the timeframes, the bigger timeframes. We will get the right signals when to buy and when to sell in the markets.
We are buying and selling off the probability of the dots.
Satoshi let the blood waterfall... bitconneeeecttttZero Support.
Buy Green
Sell Red
//
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
//
it works good for stocks and cryptocurrency.
//
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
//
when a green dot 2.18% 3.00% 3.00% -0.78% -0.78% -6.68% -7.44% -7.44% appears you buy, if a green dot 2.18% 3.00% 3.00% -0.78% -0.78% -6.68% -7.44% -7.44% appears after that green dot 2.18% 3.00% 3.00% -0.78% -0.78% -6.68% -7.44% -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
//
the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
//
shorter time frames will be choppy.
//
larger time frames will be smooth.
//
*Daytrading smaller timeframes is possible but not recommended.
1 indicator that beat BITCOIN since 2011Buy Green
Sell Red
//
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
//
it works good for stocks and cryptocurrency.
//
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
//
when a green dot -7.44% -7.44% appears you buy, if a green dot -7.44% -7.44% appears after that green dot -7.44% -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
//
the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
//
shorter time frames will be choppy.
//
larger time frames will be smooth.
//
*Daytrading smaller timeframes is possible but not recommended.
Trade Bitcoin Easily with this 1 indicator it's mainly for swing trading,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot appears you buy, if a green dot appears after that green dot you hold your investment.
if a red dot appears you sell your position. easy as that.
shorter time frames will be choppy.
larger time frames will be smooth.