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BTC-Are you listening yet? Come closer..I have a secret to tellGood morning traders, Past few weeks I have accurately predicted the following: A) The breakout B) The top C) Soon to be the bottom I have done so, all days in advance, on this last chart I predicted both this zone, and time frame, last Saturday, when very few traders were going short. Today I'm bringing you another update on BTC. Key Notes: 1) We've hit my target buy zone, if you manage to purchase anywhere in this zone, I feel you have an excellent buy. 2) I am currently all in long. 3) We hit our algo target on 618 (the optimal buy zone) and the lower buy boundary. 4) We are oversold on hourly all the way into the 6 hour. 5) We are seeing signs of accumulation at this 8700 level, and I believe this 'zone' will hold. 6) We are beginning to see bullish divergences, it's early, but this could be the first hourly close with divergence. 7) We may see one more final down in the coming hours to the 0.65 (the highest shakeout zone). Do not sell here -- and there is no guarantee we see it. Targets / Timeframes: Overall expected outcome until Monday: Range Future Bullish movement: Outcome: Likely 1) The first goal of today will be to get back up towards 8900. Once completed, we need to establish a range market in this zone and higher going into the weekend. 2) The second major test which will confirm the next run is on its way will be breaking $9500. I do not expect us to get back towards these levels until next week. 3) Ultimate sell target is $11,700, as if we break $9500, I expect $10200 range to fall as well. Continued Bearish movement: Outcome: Less likely If the bears can continue this push downwards and my green buy zone breaks, we are in for much lower BTC as we will cancel out the golden cross. My stops are roughly 8550. Remember, buy into weakness, and sell into strength. Manage your money accordingly, and as always, anything can happen, so set your stops accordingly. As always, if you value my content, please support me by hitting the follow button, and upon 30 likes I will continue to update this analysis.
BITFINEX:BTCUSDLong
by ant187
23
BTC - Red week ahead.Good evening traders, Hopefully everyones been having a prospering month of trading, today we're going to review BTC. Key Notes: 1) We have bearish divergence on VFI, RSI, MACD 2) Volume has died down at a key level, the 0.65 of the bearish impulse from 3/5 3) We have been unable to clear the 0.618 - 0.65 zone, with 5 weeks of upward movement, a strong dollar, and the stall at this critical level, I am anticipating a red week ahead. Targets / Timeframe: Bullish Outcome: Unlikely to have continued upward movement, and if we do, it will most likely be a bull trap. 1) If we continue upwards, I predict we will have a bull trap in the $10200-10300 range, whatever you do, do not purchase in this zone. 2) If we continue to consolidate in this zone, we need to blast through the $10200-10300 range very quickly, BTC can't afford another new range zone at this level. Bearish Outcome: I am anticipating a red week for the week of 5-6 to 5-13. 1) I expect a sharp retrace to begin no later than Sunday evening towards the weekly close, or within a few hours after. 2) I expect price will reach the target zone of 8587-8910 We also have an upcoming golden cross, and this could change the dynamic of the market and I will update accordingly. As always, upon 20 likes I will continue to update this idea, and if you value my content please support me by hitting the follow button.
BITFINEX:BTCUSDShort
by ant187
41
Bitcoin struggling hard with the break-out - how it will unfoldBitcoin is boinking against that $9800-ish resistance with all its power and it’s having a hard time breaking through. Last time at April 25th, a single test resulted in a full drop back to $8700. Today, we’re seeing already a double test (or a double top for that matter?) and on this 1 hourly chart, a bearish MACD and a negatively spiralling RSI. That’s not good news. Even though Bitcoin could surprise us here. We shouldn’t forget to look at all this information when it comes to our decision-making. The 2-hourly chart shows a similar picture: The 3-hourly is about to make a death cross in the MACD, and is showing a (see the last candle stick) trend reversal Heikin Ashi candle, hinting to a downward push first. Same for the 4-hourly, even though the Heikin Ashi doji is green (the last candle stick), it’s still a trend reversal one: On the daily however, we are seeing in the RSI that bitcoin is around being overbought, but still the momentum is upward. Looking at the MACD, instead of making a death cross, the blue line actually curves upward to continue the bullish trend. Although, taking into account the shorter time frames, it is definitely possible that the MACD still curves downward and that we will have to get ready for another test later on, and that the break-out is not for today. The weekly is looking great, with a MACD golden cross in the making, an upward trending RSI, and an overall nice looking chart. This makes me believe that it is only a matter of time before the big bitcoin break-out: And finally, the 15min chart, showing how many times today we already tried breaking through that big resistance: Conclusion: - I do believe a break-out for bitcoin is only a matter of time. It will also come sooner then later. We have an incredibly bullish picture on the weekly, with a golden cross in the MACD in the making, and overall indicators and chart lay-out looking bullish. - If I look at the chart and its components today, completely objectively, it looks like we are likely still a little early in breaking out. Almost every time frame confirms this view. If we look at the 15min, we see that we keep on testing that resistance line, showing proof of the strong upward momentum underneath, but also of the strong resistance. - We could break the resistance today, but objectively, it looks like we might have to wait a couple of days more.
BITFINEX:BTCUSD
by A_Cryptastic_Mind
4
BITCOIN . PRICE CONSOLIDATION Consolidation is generally regarded as a period of indecision, which ends when the price of the asset moves above or below the prices in the trading pattern.A resistance level is the top end of the price pattern, while the support level is the lower end of the pattern . These two have been relying on technical factors 1000% and not acknowledging that the correction in 2014 had external factors (mt. got, silk road, new your bit license) that sent the entire market into a downward spiral. Also, there really were any serious coins except bitcoin at that time and there was little adoption and a use case of hopes and dreams. Now blockchain is much more relevant and there a number of coins with legitimate technical use cases so there is a lot more to this than just hopes and dreams.
BITFINEX:BTCUSDLong
by marketcyclescrypto
3
BTC SHORTS REKT . BULL RUN COMING . Pull back expectedA short squeeze is a big risk associated with short selling. If the price starts to rise rapidly, the trend may continue to escalate because the short sellers will likely want out Two measures useful in identifying the commodity at risk of a short squeeze are (a) short interest and (b) short-interest ratio. Short interest refers to the total number of shares sold short as a percentage of total shares outstanding, while short-interest ratio (SIR) is the total number of bitcoins sold short divided by the bitcoin’s average daily trading volume. Keep in mind that when a short position gets closed it actually creates a buy order. After a prolonged period of moving within the range, stop losses start to pile up. And so, even a small movement in the market can trigger a chain reaction of stop losses all at once and lead to a breakout on the charts, which we’ll get to below.
BITFINEX:BTCUSDSHORTSLong
by marketcyclescrypto
9
BITCOIN DUE FOR LARGE 28.5% GAINSBTC BITCOIN Is overdue for a large run. The inverse head and shoulders appears to be completing. Look for the breakout on volume at $9,180. Target Price: $11,800 (initial) RSI: "overbought", but you'll find in a bull market the rules on RSI tend to point to "overbought" being a potential buy signal for traders that can afford to Hold. Target Gain: 28.5% Please throw me a follow and a like if my work has helped out. I will respond to dm's, comments and questions. Please comment your thoughts even if adversarial. I'm always open to different points of view. It's possible another Trader catches important facts that I miss. Much Appreciation AJ
Long
by arlisjohnson3
9
BITCOIN FUTURES SETTLEMENT : NEXT SETTLEMENT MAY 16 2018 Cboe Global Markets (Cboe), the futures exchange that launched Bitcoin futures trading in December 2017, conducted the settlement of the Cboe Bitcoin (XBT) futures contract with April expiry, which is the fourth contract settlement carried out since its introduction. The settlement price was displayed in line with the Gemini1 Exchange Bitcoin auction by 4:00 pm on April 18, 2018, at $8,055.68. On Coinmarketcap, Bitcoin’s price was $7,913 at that time. Bitcoin futures contracts are cash-settled and meant to allow investors to develop effective strategies based on the settlement of a single auction price provided by crypto exchange Gemini. For comparison, the Chicago Mercantile Exchange (CME), which launched Bitcoin futures products during the same period, depends on the so-called Bitcoin Reference Rate. BRR is determined from the average price of several crypto exchanges (including Bitstamp, GDAX, itBit, and Kraken) every day between 3:00 pm and 4:00 pm London time. Cboe Bitcoin futures represent a type of investment product that does not directly imply ownership of Bitcoin but focuses on its price, using the cryptocurrency as an underlying asset. It was launched on December 10, 2017, about a week before CME’s similar product. As of April 18, over 557,000 Bitcoin futures contracts have been traded across expiries since the day of launch, which equals a notional value of about $5.7 billion. Cboe’s Bitcoin futures are trade exclusively on its platform. However, investors can access the instruments via other online platforms, among them eTrade, TD Ameritrade, InteractiveBrokers, TradeStation, Wedbush Futures, PhillipCapital, Advantage Futures, and RJO Futures. The previous settlement was conducted on March 15, with the settlement price determined at $8,236.11. The next one is scheduled for May 16, 2018.
CME:BTC1!Long
by marketcyclescrypto
1
(!) BTC - The 2017 DEATH triangle or the 2017 GOLDEN triangleExciting times turning into even more exciting times. Those who were already sitting on the edge of their seats are now about to really fall off. That chair is volatile-ishly vibrating beneath all of our bottoms on what seems to be a hint of an imminent earthquake knocking on crypto’s door. Those who are still sitting on that chair are asking themselves whether they will fall off or whether the chair’s legs themselves will break first, consequently cracking everyone’s ass. Bitcoin is closing in on a crucial turning point. It is once again UP. Or Out. In that regard, we have a very large triangle staring us right in the face – waiting for our move. Will we start buying massively, or do the exact opposite. Either way, a triangle break-out is at hand. Now the ball is in our camp – how will we let this triangle be recorded into crypto history books? Will we name it the “2017 GOLDEN TRIANGLE”, followed by another amazing bull run? Or will we name it the “2017 DEATH TRIANGLE”, directly ensued by EVEN MORE blood in the streets than already is the case. Yes, that’s bloody. Maximum down so far in excess of a 70% correction from a $20K zenith to a nadir at $6K. Such a market reset makes even the largest stock market crashes start to look a little pale. And the next major support zone at $4K only, lurking at us – is awaiting our choice. So… for the moment we have strong support at $7,4K more or less and we are still in a consolidation rectangle. We are approaching the decision zone of the triangle as well. We also have one additional support zone at the 78,6% Fibonacci which was already tested back on February 5th and November 12th. The question is: Do we all wanna become crypto whales – or crypto rekt? The choice is ours. The choice is yours. By the way - any name tagging alternatives? - The Houdini / Crypto Bermuda triangle (previous gains evaporated) - The Golden Bull triangle - The Super Bull triangle - ... PS1 : No specific investment advice here, just philosophic contemplation. Has to be done too sometimes. PS2: Yes, this doesn't provide you much investment advice, or... does it? All the best & good luck in your trading endeavours
BITFINEX:BTCUSD
by A_Cryptastic_Mind
5
Big decision time for Bitcin. We need to be very carefu l.BTC is going into the Bermuda devil triangle. It's only two days to decide. BTC is between the up directional line and the downward line, it will decide what direction to go. It will be correct to stay in cash in half. 7000 is our stop point. At this point the bitcoin will not fall further. If it falls further, People will not trust bitcoin. Investors will accept the loss and will not enter again. Bitcoin will probably pass the worst of its history. Bitcoin Fathers are not going to take the risk of further
BITFINEX:BTCUSD
by DeepandMoon
(!) Bitcoin – It doesn’t get any more exciting than this!In one of my previous posts “ Recognising trend reversals in Bitcoin ” , I showed you how you could call the trend reversals in Bitcoin as soon as they occurred. This by relying on Heikin Ashi candle trading, which is a slightly different way of charting than regular candles. --------------------------------------------------------------------------------------------------------------------------------------------------- Sidenote on Heikin Ashi (feel free to skip this) The difference lies in how candle sticks are calculated: Close = (open + high + low + close) / 4 High = maximum of high, open, or close (whichever is highest) Low = minimum of low, open, or close (whichever is lowest) Open = (open of previous bar + close of previous bar) / 2 FYI: A doji candle is a commonly found pattern in a candle stick chart, characterised by being small in length - meaning a small trading range - and with an open - and close price that are virtually equal. FYI2: A spinning top is another Japanese candle stick pattern with a short body found in the middle of two long wicks. FYI3: Heikin Ashi candles can be found in Trading view under the candle stick section and by clicking the 4rd option; these work somewhat differently than regular candle sticks. --------------------------------------------------------------------------------------------------------------------------------------------------- I showed many examples in the Bitcoin graph, so that you can apply them yourself. In that previous post , I showed you guys that there was a negative trend reversal in 5 on the chart back then ("2") in the new chart - see below: Graph today: Before reaching that point, I also showed how you could have called the bottom, in this post . Anyway, your mind is probably racing now with that one single question - OK, BUT WHAT THE HECK IS HAPPENING NOW?! Well, we have been testing this bright green resistance line a couple of times now. And this time - let's call it the third time - we want that third time to be the charm. We are bursting into the position where the big downward trendline in yellow, and the bright green resistance are crossing, and all the Heikin Ashi candles are still tell us that we can keep going. We are seeing NO DOJI WHATSOEVER, for now. AND, if we have a break-out, we are also crushing that inverse head & shoulders neckline resistance. That would be a major bullish sign - with a target at $15,6K more or less. We have RSI and MACD going in our favour. Note that we are not in the clear YET, we need a break-through. Otherwise we can fall back to $10,5K or even lower. So keep your eyes open on that breach and on any dojis coming to ruin the party. Also, volume is trending a bit downward, we need volume! PS: if we zoom in on the chart to the 1-hourly, then we see, even on that level, that the chart is still making green candles towards that zone of truth. It will be very exciting to see how this pans out. Please do not consider this as any kind of formal investment advice - DYOR and best of luck in your trades and investments. Feel free to follow on Twitter for the freshest updates.
BITFINEX:BTCUSD
by A_Cryptastic_Mind
8
BTCUSDT - LOOKS BULLISH According to the ICHIMOKU cloud BTC is still bullish and to confirm ichimoku cloud theory, i have added RSI, that is also BULLISH. Please hit "LIKE" to support, Thanks! Signals: 1. Prices above the cloud are considered Bullish trend 2. SenkuSpan A above SenkuSpan B considered Bullish trend 3. Lagging Span also on up move Bullish 4. RSI confirmed ICHIMOKU prediction. Also Bullish. 5. its BTC 4th attempt to cross the resistance. Finger Crossed Basics of ICHIMOKU : There are five calculations used to generate the Ichimoku Cloud: Tenkan-sen = (9-day high + 9-day low) / 2 Kijun-sen = (26-day high + 26-day low) / 2 Senkou Span A = (Tenkan-sen + Kijun-sen) / 2 Senkou Span B = (52-day high + 52-day low) / 2 Chikou Span = Close plotted 26-days in the past. Read more: Ichimoku Cloud www.investopedia.com Follow us: Investopedia on Facebook
by VinnyTheTrader1
3
(!) Bitcoin 2x Inverse Head & Shoulders ((1)55% profit potent.)People have been wish-ful-thinkingly seeing a very early inverse H&S on Bitcoin for some time now, but that very inverse head & shoulders really seems to be forming that last shoulder. Given the difference between the left shoulder and the head being around $4K, and the neckline around $11,5K – this would give us a target of $15,5K for this inverse H&S. Note that if you want to trade this inverse H&S and want to do it by the book, you wait until break-out confirmation above neckline 1. Alternative entry points are when price bounces back after that initial break-out, but those are more complex and require more patience. Volume might also be massive when such a break-out occurs, so who knows BTC doesn’t even go for a retesting of that neckline (but I think it will). So that’s our inverse head & shoulder number 1 – with target at around $15,5K which also coincides with the 23,6% Fibonacci retracement level. The potential party isn’t over yet however – if you look at the chart, you will see a second left shoulder, the head, and if price would be bouncing around somewhat between neckline 1 and target 1, we have a right shoulder as well. In that case, we’re not speaking about 55% profit potential anymore, but $23-24K for Bitcoin or more than double the price now. We would have to wait to beyond May however for that to occur. But who knows, maybe mid-March we’re already at $15K, and you’d probably be glad already ;) So, what do you think?! ;-)
BITFINEX:BTCUSD
by A_Cryptastic_Mind
7
BTC – An exercise in recognizing trend reversals in BitcoinHi guys, welcome back for the big crypto show – today’s edition. In this post, I want to focus a bit more on how you can be attentive to potential trend reversals , via a method I’ve been using in some of my previous posts: the Heikin Ashi candle sticks, and more specifically looking at the Doji / Spinning top indicators. FYI: A doji candle is a commonly found pattern in a candle stick chart, characterised by being small in length - meaning a small trading range - and with an open - and close price that are virtually equal. FYI2: A spinning top is another Japanese candle stick pattern with a short body found in the middle of two long wicks. FYI3: Heikin Ashi candles can be found in Trading view under the candle stick section and by clicking the 4rd option; these work somewhat differently than regular candle sticks. -------- A previous post that is another good example of this is the one on ADX or the one on Cardano . First off, always best to start by drawing your overall trend lines, as well as your Fibonacci retracement levels. This way, you will also likely notice that these doji candles have a tendency to occur near resistance and support areas . This is quite logical, as we typically find a support somewhere so that we can lift off again from that point. However, even though likely straightforward now I mentioned it, it is a reflection that is not made quite often. For example, have a look at “1” on November 13th, near the red support line, we see a red spinning top popping up, signalling a POTENTIAL trend reversal . Two candle sticks later, the trend reversal is confirmed by a break-out of a previous resistance level (cf. Candle stick “C” breaking through the light blue horizontal resistance line). Now, the somewhat tricky thing here is that these dojis and spinning tops can generally mean two things: i) a pending trend reversal; ii) pure indecisiveness on where price should go next. To illustrate this, I highlighted some dojis that tell us there is a trend reversal (and remember that confirming a reversal via a break-out is crucial in that regard), and I highlighted some that merely show temporary indecisiveness before price continues in a given direction. Numbers 2 & 4 are clear examples of trend reversal indicators near a resistance (in case of number 2) or support (in case of number 4, where the preceding candle actually touched the longer term support line). Number 3 is a good example of sheer indecisiveness & nothing more. Now the big question is of course: what’s happening in number 5!?!?!?! We have just broken the red line as resistance & are likely going to have it act as a support in the short term. Moreover, the spinning top actually formed right on the Fibonacci 50% retracement level, which also acts as support. If you paid close attention to what I said here above, you know that dojis either will mean a trend reversal, and then we will have to wait for a break-out confirmation (and if that happens, best to get out in time), otherwise, it might simply be short term indecisiveness before continuing the move. Given the recent strong upward move of Bitcoin, the latter is definitely not an option to be left aside. Finally, if we look at RSI: the upward momentum got curved down a little bit. MACD on the contrary is still moving upward. As such, we are getting mixed signals, on the daily chart at least ;) Note that this post is not intended as a full price analysis of Bitcoin. It mostly aims to provide you an additional tool to apply in the future! Moreover, it is by no means intended as formal investment advice.
BITFINEX:BTCUSD
by A_Cryptastic_Mind
1