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BTC/USD LONG (SNIPER ENTRY TO THE MOON)he pair ascended above a multi-day trading range late last week after traders were able to push the pair above the 8973.45 level to the 9182.08 area, its strongest print in several days. Stops were elected above the 9117.19 level, a downside price objective related to the pair’s sell-off from the 10030 area that commenced on 24 February. This previous area of technical support became technical resistance, and the move above this area refocused traders on the 100-bar MA (4-hourly). The next upside levels related to the 10030 area include the 9291, 9465, and 9681 areas. Downside price objectives include the 7987.25, 7793.31, 7265.95, and 6613.45 levels. Price activity is nearest the 50-bar MA (4-hourly) at 8812.91 and the 200-bar MA (Hourly) at 8825.30. Technical Support is expected around 8062.04/ 7987.25/ 7793.31 with Stops expected below. Technical Resistance is expected around 9121.40/ 9370.00/ 10534.04 with Stops expected above. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
BITSTAMP:BTCUSDLong
by MavRich_Trading
BITCOIN Long Term Bearish CrabBitcoin has formed a strange formation, a bearish crab. This may lead to the rise of other alt coins in future. As bitcoin loses market share to major alt coins, post halving. I expect a pump following halving however I don't believe we will see anything like the parabolic rally to 20k in 2017. This links back to my first post on this site, 'I believe Ethereum will gain significant cryptocurrency market cap during 2018, as the current marketable applications of Ether outweigh that of Bitcoin on the blockchain network' Obviously it didn't happen in 2018 but the time may be near. Caution for all of those buying bitcoin as many major alt coins including many ERC-20 tokens are much better alternatives to un bank the banked. Apologies if the crab isn't perfect, was difficult working around this timeframe and I have never really worked with crabs.
BITFINEX:BTCUSD
by Bixley
BTC Fractal at play?? Bulls vs BearsCharts are showing eerie similarities to a BTC Rally which had bulls in a frenzy back in 2018 upon testing of the 200dMA. As we can see from back testing, the 200dMA is a very accurate indicator of bullish vs bearish trends for BTC. Under the given circumstances, RSI is overbought and has printed what seems to be a hidden bearish divergence in the making as rejection from the 200dMA overhead is building. I have reason to believe we will reject here (printing a lower high) and take a trip down to the 200wMA (BTCs strongest known support) before officially breaking out of this downward channel, leading a rally into halving. Break and support on the 200dMA would invalidate this idea
Short
by RiskitForABisquit
Bitcoin - Important - Why are we stuck in a small price rangeWhen we find ourselves in a range is because very strong forces are restricting the movement of price, in this case, there is a legit reason why we just can't get above a certain price and don't drop below a certain price as well. We are currently trapped between $7800 and $8600. Why these two prices? $8600 is where the 200MA stops momentum and then returns to the $7800 which is where strong support currently is. Your job as a trader is to identify the upcoming battleground between support and resistance early on and plan for it. In my case, I don't plan on doing much in this latest battle, the range is too tight and no chance to make a good and safe profit. Price can go as high as $9600 (which is the 50MA, now offering major resistance) before coming back down to support. So what exactly is BTC doing right now? Bitcoin is on a secondary downtrend (It has been for months now) and it is testing the latest support (which is very strong) The white line goes back months acting as support and that is what makes it very strong. Also, the green line was the historic support from June to November of last year, so both of these lines combined make a really hard to beat support system. So when do we know if we are going up for sure? Once we defeat the 50MA we should try to jump in during a pull-back. Follow me and I will indicate exactly where to jump in and where to set your stop loss. It is important to remember that nothing is scripted, BTC does not owe us a stop at 7K or 4K, and at any given time support can act as bottom and up we go quickly. The key is that we have tools to jump into the bandwagon early and safe without missing out on much profit if it goes up violently. In short, as long as price does not go above $9600 we are still looking to go down. Lastly, that support from hell will break if we don't get over and stay over the 200MA very soon. Lastly, a lot of money came into crypto since yesterday. Check out the chart below. In 2 days about 20 billion dollars were pumped in. It is worth noting that there is a death cross forming in this chart and someone or something is trying to prevent it. I hope you all have a handful of alts already just in case we go up from here. Wisdom In investment banking, there is a secret called the "90/90/90 Rule" which means that 90% of investors will lose 90% of their money in just 90 days. Just remember that large institutions are after your money, so don't make greedy unplanned moves, they are counting on you doing just that. NOW, THE LEGEND; Support trendlines are green Resistance trendlines are Red Horizontal support lines are white, the thicker the stronger the support 50 Moving Average is yellow 200 Moving Average is white THE TREND: Still going down until we make a "higher high." THE OUTLOOK: Not safe to buy BTC but we are near the bottom.
Long
by cryptoGats
7
BTC FA vs TA who is strongerFrom TA point of view we need correction but fundamentals are really strong. They can push price much more higher! social media definitely can help it. "Fidelity Investments’ new cryptocurrency company will offer trading for institutional customers in a few weeks, Bloomberg reported Monday MAY 6 Betting that the cryptocurrency bear market will turn around, Fidelity created its cryptocurrency platform Fidelity Digital Assets in October. The new company began a custody service to securely store bitcoin for its customers in March, CNBC reported. Now, it will be letting customers buy and sell the cryptocurrency in the upcoming weeks, according to people familiar with the matter. Fidelity, a roughly 72-year-old family controlled firm, is primarily known for managing retirement plans and mutual funds. But it also spends $2.5 billion per year on technologies like artificial intelligence and blockchain. Forty-seven percent of institutional investors think digital assets are worth investing in, according to a survey released by Fidelity on May 2. Further, of the 450 institutions interviewed by Fidelity for research for its new company, everyone from wealthy families to hedge funds to pensions, 22% of respondents already owned a cryptocurrency." CNBC
COINBASE:BTCUSD
by Cryptalion
1
BCTUSD SHORT at decision point 5.4. 5.00 pm NY time Hello to all who watch my charts. Here is the current situation in Bitcoin. After the impressive rally on over 5000 Bitcoin is now in my oppionion in a short position We have lower lows and lower highs, which is clearly proven since the fall below my middle blue line at around 5000 points. Interestingly, the BTCUSD comes back, right up to my top blue colored line which in recent times has forced to turn down 2 times. You could see that very well here in the chart. What will happen now? Either Bitcoin rises above 5065 on the basis of the 4 HR chart and probably rises above 5145 to reach new highs and move to a long position, or Bitcoin BTCUSD turns south again on my blue line and remains in a short position. We have to watch closely for the next few days Good trades
BITFINEX:BTCUSDShort
by Renkotrade