Bitflyer FX Premium Over Bitfinex v2Added high/low price lines to better represent the premium on higher time frames.
Original:
BTCJPY
Bitflyer FX Premium Over BitfinexClean and simple visual representation of the Bitflyer FX BTC premium over Bitfinex BTC.
Bitcoin the king is coming back.***TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.***
My previous analysis pointed out the giant falling wedge on BTCUSD 9.30% .
Store of value is the real usecase for BTC
IMHO breakout happened already and we are about to climb back up.
Trading BTCUSD 9.30% is much more tricky than trading other altcoins but a giant chart pattern will have bigger chance to play out eventually.
I went long at around 10,000 and get caught up on the way down to 6000-ish, I was too biased and that caused my failure.
*LESSONS LEARNED! Always ZOOM OUT.
Fortunately, the price has bounced back.
I have laid out my trade plan on the chart, as always I focus on finding good risk-reward ratio trades.
Trade with care fellas.
***TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.***
Store of value is the real usecase for BTCLike the previous analysis on BTCUSD, I successfully caught the top by comparing Bitcoin with Gold.
Although they share some similarities but I do NOT think Bitcoin will go sideways from here.
BTC continues to act as the 'base currency' of the whole crypto market. Some exchanges already adding ETH pairs, that's why I am bullish on ETH too, maybe even more bullish than BTC.
Technically BTC could fall to as low as $8000 like many people suggested, but think about this, let's say it does go down to that low, you'll TEMPORARILY lose 20%, and what if it doesn't and shot up instead? You'd have to be FOMOing back into BTC or miss out this 75% gain opportunity.
Again, as always.***TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.***
8 Reasons(from tech. and fund.) to buy BTCI'm using BTCJPY charts because many Japanese are recently involving Bitcoin trading because they are know about it by the television advertisement(like bitFlyer, Coincheck, DMM Bitcoin). So I think Japanese Bitcoin market has big influence in the world.
By the way, despite the correction trend in the BTC market(or someone says it's time to finish of bubble economics because BTCJPY charts looks like scary H&S and fear phase), I think we should buy BTC. I have 8 reasons from the technical and fundamental.Here is the list of why:
1. Look at the Godmode Oscillator. One area that is filled by aqua color, that will cross zero line. And two lines are also turned into bullish but staying bottom.
2. In the area near 1.2M JPY, it has more volume than other price area. Therefore, this area is could become the bottom of this correction.
3. When BTC price go down to $1M, volume is increased. Also VIX indicator color filled by green(that is one of the buy(sometime sell) indicator). $1M is the big psycological line because it is the good place of cut off numbers.
4. Look at the trend line. Current price is hitting long-term trend line that is measured from August 2017, so it's difficult to break this trend line.
5. Current correction was declined at -1SD(only one or two days hit at -2SD but after several days it is back to -1SD), so bearlish almost exhausted.
6. Fibonacci retracement reveals major trading areas, and currently we're in 0.786~1 area and hitting 1, which is the bottom of this area.
7. Recently, Coincheck that is one of the biggest Bitcoin exchange in Japan was stolen about 530Mn USD. Maybe everyone knows this misfortune news but still it has not huge bad affect to the market. After several days, Coincheck is decide atonement to the customers from their own funds. So this decide is relief investor little bit and let BTCJPY price to more higher.
8. Current price is hitting to -2SD of Liner Regression. So BTCJPY price is difficult to go down from this price.
There are all of my reason to buy Bitcoin. Thanks.
If you have a target, set TP to 1.8M or 3M. And set SL to 0.9M. Entry point is maybe should set to 1.2M.
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DISCRAIMER: This analysis is not advise nor guaranteed, so please invest your money by your excess cash and your decision.
P.S.: I'm Japanese and was stayed in US for a year so my English skill is not so good,but please forgive me.
Bitcoin - Descending Reversal Triangle PatternEasy to spot triangle pattern. I think we could see a bounce now but it will eventually go down and crash hard. I expect the bounce at the lower bottom around 8200 - 9500.
If it successfully bounces now I doubt it will surpass 13500. Use that bounce to get out of the market. Don't be one of the ones left holding the bag!
Like the idea to get updates!
:)
BTCJPY will touch the bottom againI don't know why this crypto pair having my attention, I hope this will kiss the bottom and will bounce towards first level of fibo.
Bitcoin: ReckoningPosted this idea on Twitter yesterday, you had all been warned. twitter.com
This follows on from my previous trade where we predicted bottom of the first corrective wave. I've since adjusted that TA slightly to show the next moves down, which we clearly did not get in that first dump.
The church of Core will crumble.
BTC/USD Long Prediction! Here We go!Analysis of BTC forecast based on channel described and fractal growth. Next target for now is 42k usd with a little correction to 28k or a major correction to 20k and after 166k usd with a big correction to 40k usd and finally to the moon above 1 million and to the floor passing a deep depression for some time to repeat all again and again. If follow the historical charts big chances to do same path.
What if this is the top for Bitcoin.This is not a prediction, I'm just sharing my two-cents.
First of all, please don't get me wrong, I love Bitcoin and also the idea of decentralization. What worries me is there are too many people who don't really understand how Bitcoin and blockchain works, they are just in this market for a quick money grab. I personally don't like holding a time bomb that could drop 50% at any time. Trading has taught me a lot especially risk reward. Let's say it keeps going up and reach 22000 from current price (18920USD), it's just 15%. risking 50% to gain 15% is even worse than playing in a casino. I have to be more cautious than ever investing in altcoins because everything follows the king which is Bitcoin. Anything could happen in a market, what we can do is to protect our capital, limit the down risk and gain as much as we can. Again, trading and investing is not just a 'buy low sell high' game, if you have learnt how to analyze things by thinking about the risk reward ratio, trust me, you will become better on anything you do in your life.
BTCJPY 15M ASIAN SESSION SHORT TRADEHow has the BITCOIN/YEN pair done for you in the Asian session.
Comment below if you trade any crypto currency during the Asian session.
What works for you - share in the comment section below.
Even gravity don't apply to Bitcoin? I just don't buy the story.Hello everyone, this is JoE.
I'm going to short this real hard, 3 red boxes are targets I'm aiming for.
BUT, don't get me wrong, I'm bullish on Bitcoin but this has gone way too far from what I expect it to be.
People are overtrading with margin, investing with borrowed money, some people will die on this one for sure.
I am going to short this,but don't even try to charge me with immorality, I'm risking my own money shorting on a fair free market.
Remember, the best time for traders is right after the stairway up, we ride the elevator down.
(entering short position gradually as long momentum fades.)
*THIS IS NOT INVESTMENT ADVICE, YOU ARE RESPONSIBLE FOR YOUR OWN TRADE.
BITCOIN - Which international Pair is BESTThe currency pair you trade (BTC/USD, BTC/CNY, etc) does not need to be a habit or a consequence of nationality, but a decision you review at least once a year. Bitcoin makes it easy to change your instruments and broker/exchange. The most commonly traded pairs are BTC/CNY (Bitcoin/Chinese Yuan) and BTC/USD (Bitcoin/US Dollar). Most banks and merchants accept either and there is liquidity in these currency markets, meaning you can get in and out of BTC/CNY and BTC/USD with relative ease. The trader’s choice of currency may also be based on practical considerations: it simply depends on what is more convenient for you. For example, if you have a GBP-based bank account then it’s rational to trade BTC/GBP and withdraw the fiat without having to pay fees on exchanging, say, USD to GBP. Cryptocoin News 15 March 2015
bitcoins bulls are in denial or dragged along?
Nothing great about bitcoin to come anymore this year.
that could improve the hype/bubble and confusion situation at all.
Bitfinex short squeeze happend already today next may be long squeeze
Bears win anyways and they may not wait on stops but only enter/leave manually.
Bitcoin did not really grow much or parabolic in 2017 by number of users, transactions and so on.
BTCUSD @ Support 7kCurrent price trading around 7k support. Everybody is expecting this to drop below 7k towards 6k & so on. Normally BTC corrects for about 5 days but this time is a bit different due to segwit 2x being conveniently cancelled. The trend remains bullish showing intact channel uptrend. Staying neutral for now.
Bitcoin 'history repeats', will 40% drop theory work again?We have experienced 40% drop twice, the first one took 36 bars, the second one took almost half that due to China Banning Bitcoin news and Jimie Dimon's comment which obviously is abnormal and technically we should apply some adjustment on that. As of now I am assuming that we will see the price plummets to 4400~4700 range with correctional Elliot wave ABC count. RSIs are sky high across higher time frames and we just saw 'shooting star' candle stick on 4H chart, only market will tell but since I've nailed it last time, I'm pretty confident on this one.
