BTCUSD Chart.. What if the support bounceBut if the support line breaks it with decrease to 5500/5300. Pay close attention this time !
Btceth
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Bitcoin/USD is an oracle for ETH/USD *Observation*So I saw the same thing happen a couple days ago with Bitcoin that's happening today with Ethereum. It appears that ethereum is following a trend set before the break up and subsequent fall. Will post the BTC chart to illustrate what I'm talking about.
This seems to be the case in a couple different periods in the market, where bitcoin would make it's fall or rise and then ethereum would follow suit a little bit after in a smaller magnitude. For example ETH's ATH came a few weeks after Bitcoins ATH. same with the following local lows, ethereum reached it's local low shortly after bitcoin did.
Just a thought I wanted to get out there for other peoples opinions.
ETHBTC support - resistance and price directionETHBTC Daily Chart
I think, it'll try the bottom support line (blue line) again.
If the support breaks down it may fall to red support
If break up the trend line, it move to a new hill
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
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The END of BTC?Right now BTC seems to be at the crucial crossroad again. There is an increasing support line wich we hit a couple of times on the ongoing decline.
There are 2 possible scenarios:
1. GREEN: BTC bounces successfully from the orange support line. Due to the fact that this forms sort of a wedge with the lower highs of the last decline wich is coming to it's tip we can expect another huge price move. Allthough both directions are possible I'd say UP is way more likely.
2. ORANGE: BTC won't bounce of the support. Well then this means the end of the overall bullish crypto market for some time. Then it seems like everything south is possible.
Personally I think BTC and the whole crypto market got way too big to crash and burn like this so I see an overall positive outcome. MACD shows divergence between the lower highs wich supports the theory while higher lows are backed by MACD higher lows.
What do you think?
Please comment down below or leave a like if you agree.
Thank you!
__
Only my thoughts trade on your own risk
BITCOIN | Bitcoin Price Eyes Breakout As Trading Range Tightens Bitcoin (BTC) is stuck in a narrow $550 range between the key long-term moving averages today, but may be prepping for a breakout, the technical charts suggest.
With the bull/bear bias now unclear, the big problem now is trying to work out in which direction the price will go.
As of writing, BTC is changing hands at $8,760 - $8,500 on Bitfinex, and is trading between the 50-day moving average (MA) at $8,287 and the 100-day moving average at $8,837.
The sell-off from the May 5 high of $9,990 came to halt around the 50-day MA on Saturday. Further, the 50-day MA also acted as strong support on Monday. Meanwhile, on both occasions, the rebound from the 50-day MA ran out of steam around the 100-day MA hurdle.
The rangebound action seen in the last three days has established the 50-day MA as a major support and the 100-day MA as a formidable resistance and the breakout of this zone will likely set the tone for the next big move in BTC.
On the above chart, the falling trendline resistance is seen around $8,810 and is immediately followed by hurdle at $8,910 (expanding channel resistance).
With major moving averages (50, 100 and 200) trending south (bearish), BTC bulls will likely struggle to cut through resistance at $8,900 in a convincing manner.
Note, the bears are about to score another brownie point by pushing the 50-candle MA below the 200-candle MA (bearish crossover).
The 5-day MA and the 10-day MA (seen in the daily chart) are also biased bearish.
It looks like ETH is gonna outperform
Looks like it is preparing a setup
I don't know it it is right to say Flipping is happening , but ETH is preparing for a ETH/BTC over perform.
Soon, ETH/ BTC might see some ATH.
Hold tight
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.
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.
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.
The New King In CryptoTown | ETHLooks like a big leg up is coming BTC/ETH
Place your bets right.
BTC Dethroned this year?
Flippening?
ETH Looks tasty.
BTCUSD 10k!!Yep I think it is possible for BTC to go till 10k & then decide its bull or bear season.
As we could see that btc is completing the 4 wave & this 4 wave could retrace till the fib levels & then we will have a 5 wave which could go till 10,048 (using stick method)
Y'all ask to buy btc when its in bull mode but now its a good time to take some risks!
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.
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.
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%
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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.
(!) 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
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
Heavy SupportEthereum is still uptrending on the longer time frame.
We need to hold the uptrend line and bounce from here. We can not fall below both red lines or I see ETH hitting low 200s even mid 100s.
Hopefully we can bounce from here and keep moving forward. Buying the area and looking for a bounce.
It has to do with btc falling as well. Hopefully BTC keeps pushing..
ABC correction with H&S pattern ?ETH/BTC looks for a correction.
I think a correction to 0.065 area is possible before the next run to new high.
BTC/USD is still in bearish cloud even if there was a strong rebounce as expected at 9k, so i'll would be prudent about holding ETH in the comings days.
As always, it's only my opinion. I'm not a financial advisor.
ETH/BTC has broken its descending wedgeETH has found support for now just below the lower white support line but it has clearly broken the support of the purple descending wedge. We will have to watch carefully but if support at 0.0668 is broken it seems likely that lower prices are in store.what are your thoughts?
