BTCKRW
Bitcoin Bull Trend Started? Think Again!I have entered a position when price broke the symmetrical triangle.
Many people are expecting the price went bottom and now the bull trend is heading.
My personal view, I do not think so.
We have to think carefully that this is just a bouncing moment that still we are in the middle of the bear market.
My final target will be btw 4300-4600.
After that, I will see the next move. until then I will not call the current market is in a bull market!
GOOD LUCK EVERYONE !!
My opinion about BTC 8/2/2019Hello!
I think that BTC will have a big up wave to 3k8 range and maybe more.
And 3k-4k is range for BTC in few months following before many my chart.
My plan is buy now ( 3k3) and buy down 3k if it happens.
Stop loss if have a bad candle under 3k.
Thank you and have a good trade.
Bitcoin Falling Wedge Bullish Signal for Short TermBitcoin shows falling wedge pattern.
Falling Wedge is usually bullish.
I still believe current market is still in bearish but for the short term we may see price bounce to the upside.
I have entered price at around $3380.
a) My first target will be at around $4110.
b) My maximum target would be $4700.
Reasonable target would be between $3380- $4110. (depends on your position and risk management make a wise plan for exit)
c) I would set the aggressive target will be around $5700.
cheers !
BTCUSD: The granddaddy of all crypto, we go as far as BTC gonesHi All,
Hope all your trades are going well! It's all in the chart.
BTC short-term looks to be heading 3000-2375
Please caustion when trading BTC, BTC has been Pronounced dead 328 times
I ask you all not trade against the trend, however, it's up to you all.
I firmly believe we have At the bottom before BTC can bounce back 3500.
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People....
BTCUSD: A tough battle lies ahead. However, do not be dismayHi All,
Hope all your trades are going well, It's All in the Chart.
"Be Brave, Be Deterministic, Overcome The Odds, It can be Done." ― Stephen Hawking. Both Time & Change will occur with or without us. Start today by preparing to do what is necessary & by the time you realize it, you're doing what others perceive as impossible, due to their self doubt of their own mental fortitude. And remember procrastination only leads to failure instead of success. Fully understand that 2018 has been bear market And a lot of people over extend themselves in the market. However it's no reason to be dismay nor feeling despaired.
Never forget its Mind over Matter. Start by changing how you think, act, react, how you treat others, how you treat yourself & letting others know your intentions. Then you can start responding to different obstacles in a positive manner, instead of reacting to life obstacles. Only then, will life start responding to you (you).
You can do it with different variance of your life not just crypto or investing. You are somebody, you do matter, you can make the necessary changes which are needed to change your life for the better, you can accomplish your dreams by setting goals and creating plans which prepares you for all unforeseen obstacles. You are the master of your destiny. Lose your victim mentality, by never blaming others for what is out of your control.
“Watch your thoughts; they become words. Watch your words; they become actions. Watch your actions; they become habit. Watch your habits; they become character. Watch your character; it becomes your destiny.” ― Lao Tzu.
Focus on what you can control and be repetitive so it becomes second nature to you. Take responsibility for your words, acts, or your actions, and take ownership of your mistakes and apologize. "Strengthen your confidence to be your true self in a world of people who don’t know who you are, where you come from, or what you know. " I firmly believe in you all.
For the past couple of days I have read many articles making claims such as the King BTC is Dead and so are the other cryptocurrencies. These articles shared their views and provided reasons as to why these publications believe the industry as a whole is very risky, creates a gamblers mentality, or self identification to the underline assets. And that is perfectly fine because we as investors and traders within the Crypto sphere, should be objective and open minded when reading or listening to counter argument as to why we maybe wrong in our assessments of the overall market.
By no means does this give us the right to call their articles or podcast bias, uninformed or FUD. Because I want us all to remember these news publications, economist, central bankers, authors, and so on and so forth currently govern our reality via different publications & media outlets. So it becomes extremely easy for these companies or individuals to investigate our market to understand the market dynamic and or to manipulate it. One thing I would like for all of us in the Crypto sphere to always keep in mind, decentralization fight maybe lost in the short term due to governing bodies, scams and ICO.
Remember crypto movement is not a quick get rich scheme, nor a short term adoption process by the masses. When investing never invest any amount you are not okay leaving and forgetting about for 3-5 years or even longer. Also when investing into a newer asset, the risk factor surpass even long term speculative markets such as bonds, mutual funds, housing, stocks, or even fiat.
Hence never invest more than you can afford to lose. Never leave yourself susceptible to manipulation. Crypto as a whole as a great deal of work ahead of each project I.e., scaling solutions, custody, Dapps for the masses to utilized, easy on and off ramp without the masses knowing they're using Crypto, governing policies, regulations for ICO & STO. Reason why I remain a firm believer in long term investment in this market. Regardless if I'm wrong or right, because until there are fully functioning Dapps we are just speculating. As someone who works in the IT industry, I understand website and application development are already tough enough.
Developers are now trying to Implement Dapp Utilizing cryptographic keys on a peer to peer basis. These task is currently unfeasible for scaling because the larger the node count the more decentralize the network becomes. However, these projects are sacrificing scalability for centralization. Mainly, because the more node count the slower the network becomes which is why most projects are starting to Implement side-chains. Decentralization network does not require every transaction to register on to the blockchain for a successful throughput.
This is why it becomes Imperative for the creators of this projects to start focusing on fewer Implementation of the Dapps which are being created. Instead of creating a jack of all trade Dapps. Developers should instead focus on creating two to four utilization for both Dapps and Platforms. White papers are simply fantasies unless implemented and products a build from them. Please remember this is technological revolution which will take time to develop. Only focus on price action if you are trading.
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People....
3 Reasons why I think Bitcoin is in bear marketI clearly have three reason Bitcoin will be bear market.
1) The price has broken pitch fork's final Support. It could be over sold due to RSI but we must aware that the trend has broken and shifted to bear market. We may see bounce and turn into bull market but I highly doubt that.
2) From Bottom price during 2015 to recent ATH, the price failed to hold 0.786 Support. Are we able to see price bounce? Yes! but the probability is really low.
3) According to VPVR current price range has no momentum to hold the price. there are many bag holders that willing to sell when price gets higher.
In conclusion price can go up but from chart analysis view, it is likely not going to happen. When market is in consolidating or have no clear chart, it is best to stay away from it.
cheers!
MAP of crypto market copied from a real market? 3 Today example Microsoft and BTC.
Just can see this days red, red and more red in all the charts from crypto, so for me is time to just be in the side and look, just wandering again the same crazy idea of the big whales are following some patterns, as I said before maybe they need a path...if not this game called crypto will be a total mess in that case is better to play black jack or Texas holdem, until now with crypto, really you just can speculate a lot, maybe hodl for some time, trade it but not get in love with any of them. Anyway hope everyone is ready thinking to accumulate because this will take some time until crypto recover or maybe I will swallow my words and will recover in weeks or sink worst like the Bismarck...who knows???? this is crypto give you a lot of profit in hours or burn your profit and capital like the Hindenburg in 36 seconds...
Trade safe! Hodl conscious and don't get in love with any of them...just look which one is more profitable in this moment.
Again this is just a crazy, crazy idea! not financial advice and of course there is not certain date or even possibility this happen, just crazy idea!
BTCUSD: Financial institutions are not our friendsHi All,
Hope all your trades are going well
I was off with my previous BTCUSD trade
There're three possibilities that could occur within the next five to six months and its all in the chart:
Always keep in mind, financial institutions are not our friends. Always remember when you get excited for ETF approval. Know that this is not going to be good for our market nor the community. They are going to manipulate, because that is their ethos, to make money by any means. No matter the harm they may cause unto others. Be careful what you wish for people cause we just might get it. These banks and other institutions will create bottlenecks, and the only thing which may save us as retail traders, as silly as it may sound will be the community coming to consensus to fork BTC in the coming years. The financial system was not created for symbiosis utopia view which, means it was broken from the begining. This world is not fair and the sooner us traders come to grips with that and realized this lessons. The sooner I believe we can stop chasing trades, but instead allow the trades to come to us. Hence, mitigating our losing trades. Don't get me wrong no trader can be 100% right, and since we are traders we really shouldn't be so focus on being right or wrong, we should focus on getting better at reading charts. Traders can be objective by only utilizing there charts while, being Unbiased, allowing trades to come to us, not because of our emotions, but instead what we should foucs on what we see on the charts. This could help us as retail traders to stop chasing trades i.e., Rabbit.
I hope this chart is wrong for the sake of crypto, also for our financial freedom And independence
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People....
BTCUSD: Really, what could possibly go wrongHi All,
Hope all your trades are going well
The trader mentality
"Is not what you don't know that gets you in trouble, Is something that you know for fact that is not true" Warren Buffett. Hence, It's good to be confident. However, we should not think that something that should happen, will happen I.e., Crypto getting early ETF, or early mass adoption or Commodities and Forex, could stop being manipulated by Central banks, investments brokers or wealthy individuals setting up a bull or bear trap. How do I approach all my investments or trades? I mostly believe all my investments or trades could potentially all be losers. That is unless they prove me otherwise. Reason why diversification is a must. Meaning we should never put all our eggs in one basket. Because there is a likely chance we could potentially lose it all. Said that to say, the market is not kind nor does it care how we feel or think. Main reason why when investing or trading all of us have to check our emotions at the door. Being objective instead of subjective create millionaires and billionaires. Utilizing our emotion will get us in trouble, wrecked, or subsequently losing all our initial capital. Always go with the market sentiment, never go against the market. Mainly, because this could all lead us into financial ruins for newer traders or veteran traders who believe they know it all. Always keep this in mind, we are student to the market. Which means we as traders have to be able to adjust our position going with the market and not against or believing others are wrong. Others don't have to be right for them to make gains. If enough traders believe something it become self for filling prophecy. Stated that to say you could be 100% right in your objective evaluation and still get wrecked when going against the market. Also for all that is holy I ask all of us in the trader community to please stop shorting the market. Shorting only amplifies by creating for us traders a greater chance of losing(lostit) our capital as opposed to going long. Please also keep in mind for every sell order there is a buyer at the other end who will benefit from our shortsightedness. Remember to always use the basic technical analysis (TA) e.g., Support, Resistance, BOLL, MACD, RSI, EMA, MA, stop loss on the monthly, weekly, daily, 12 hours, 4 hours, 30 minute charts and don't forget fundamental analysis also helps immensely. Investments should be alloted to 3-5yrs, swing trades 1-4weeks or longer. Only day trade if the opportunity present itself to you all. Set our rules and Never deviate from those rules we created for ourself even if it means we could miss out on trades. Rules are rules for a reason which is why we created them for ourselves in the first place, which was to help us minimize losing trades. Never get caught being a bag holder unless it's a project you researched and did your complete due diligence on
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People....
Bitcoin, What is going on Bithumb? Bullrun Coming ?Volume Spike!
This looks really different if we compare with any other fiat or usdt pair. You dont have to freak out i think there are Two Possibilities:
1. They’re moving out of Tether back into $KRW following regulation changes and removal of banking restrictions.
2. Silent Pre-Accumulation due to green signal for ICO and Cryptos in south Korea.
Bitcoin Korean Bull: Two Scenarios + Additional ChartsBitcoin’ and cryptocurrency became really famous in Korea. If you go to there, there is something that you can tell right away by interacting with the people... They are really, really smart, advanced, educated, polite and beautiful people. I believe they are ahead of the game when it comes to most other countries and their interest in Bitcoin’ is increasing massively, let's see if we can find some clues as to why is that.
The Korean's are aware that Bitcoin’ has found support and is already sealing its bottom before fully reversing trend, I am saying this based on the charts.
When Bitcoin’ was really hot, volume was increasing higher and higher, as soon as the top was reached and people started to sell, BTCKRW’ volume dropped massively, the Korean's got out of the market, but they came back in after mid-August, when the low was hit for most of the altcoins market, the Korean's came back into the game, see the huge incrase in volume.
Side note: Notice that Bitcoin’ hit its lowest point since bull run in June and the alts in August/September. This is another common pattern we see in the cryptocurrency market. First Bitcoin’ makes the low, then the altcoins. First Bitcoin reaches the top, then the altcoins... So Bitcoin’ hit a low point from which it hasn't bounced from because of its huge marketcap, the altcoins aren't that big. Those that hit their low point already bounced and many are having, and already had, a massive run... Bitcoin’ and the altcoins are part of the same market and you can see the same patterns repeating throughout most of the charts... Let's continue.
Then we have many, many signals that point to the fact that the market is gaining strength. We are even seeing eternal bears go bull, bulls sentiment changing even when the price is at its lowest for the year and bears going crazy even while they claim that Bitcoin’ is already done and gone.
Two Bitcoins’ Scenarios BEAR/BULL - Which one will you choose?
Let's take a look at the main two scenarios being discussed all around for Bitcoin’, a mix of the BEAR/BULL view.
Many are expecting for Bitcoin’ to go down further, since hitting all time high Bitcoin’ removed 70% of its gains in less than two months. Nine months later and Bitcoin’ hasn't lost a single percentage more of value. In fact, the price is higher than the low reached in February.
It would be wise to assume that if an eternal downtrend were to happen, then Bitcoin’ would still be going down rather than sideways with higher lows being created for the past 4+ months, specially if Bitcoin’ were to go really low, in the $3,000 range.
But what about a Flash Crash?
This is the part that I wanted to talk about... A flash crash can happen and does happen frequently in crypto before a trend change, but here is the catch, we don't care about it a single bit.
A flash crash normally is fueled by fear and only last a few hours to a few days or max weeks. With Bitcoin’ sitting at a support that bears can't seen to break, any strong pressure down will end up in a bounce. But when it comes to the bulls, the advantage is best. Any pressure up can completely change the trend.
For up, we have plenty of room available for growth. For down, it is exhausted all the way.
So instead of going short and expecting a $1000 - $2000 drop that might not happen and if it does only last a few hours or days, why not go long and expect 100% growth and more along the way?
When fear, doubt and despair sets in, it is time to buy up.
When the buy euphoria is at an all time high, that's the time to sell your coins... Not at the bottom, but when the price is fully green, a bunch of long green candles... when the long wicks at the top show up... That's the sell point.
Time to buy Bitcoin... For as long as the bottom holds.
Once you are down... the only place left to go is up.
Let's take a look a few more charts that support perspective of upcoming Bitcoin growth:
BTC NOVEMBER HISTORICALLY BULLISH + FULL ANALYSIS
BITCOIN ASCENDING CHANNEL: THE TREND IS YOUR FRIEND
HAPPY BIRTHDAY BITCOIN (10 YEARS ANYVERSSARY)
Bitcoin Retraces Hits Oversold - 4H [TIME TO BUY BITCOIN
Thanks a lot for the support.
If you enjoyed this post, please like, share, comment and follow.
Namaste.
BTCUSD: 4-7 Days make or break for BTC Hi All,
Returned to America and been busy,
I havn't had time to trade nor look at price action, however, BTC is trading sideway which is good.
Due to the decrease Vol and volatility within the Crypto Sphere, I see a jump in price within the next 4-7 days,
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People....
Eleven More Weeks Till The End of The Year $BTC All The Way Up!Eleven more weeks till the end of the year.
1. With the recent pump, the cycle should restart to a new cycle, but we can see it making another high, we will wait for confirmation.
2. Still calling last bottom since months ago is $5700 - $5800
3. Big money accumulating offline, they are not buy in the market because it affects the price.
4. Play safe, accumulate your biggest bags regularly.
If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
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Desicion time for Bitcoin, $10,000 or $4,150 ?*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY***
Right now bitcoin is inside a Symmetrical Triangle Chart Pattern, we still don't know where it goes next but one thing we know is that soon the directional decision will be made.
If it breaks upwards the target would be $10,000, otherwise will go to $4,150 based on the Symmetrical Triangle Chart Pattern.
Head and Shoulders to $6000 Retest?Throughout all of this chop, it appears that Bitcoin has formed a possible head and shoulders pattern.
As I am writing this post, BTC is currently re-testing the established neckline.
IF in fact we do continue breaking down, I have a primary support located around $6000 or in the green range shown above.
There is also potential trendline support around $6200
However there is a recently established higher low, so if BTC fails to break down and instead goes north to retest the downward TL, I will be hesitant to go full bull until we break past the strong resistance at $6800.
So even though I believe there is a higher chance we will fall , I am reaming fairly neutral at the moment due to the amount of chop in the market.
I plan to keep this idea updated in the comments below.
I hope you all found this idea interesting and maybe even a little helpful!
I wish you all the best of luck!
Please feel free to share you ideas regarding the subject below!
History !!!If history Repeats and Weekly closed below 5800
we could see a breach to 5000 level then another test to 6000
then the final doom to 3000 area
2014 1D View
First dropped 64% then broke down from triangle about 60%
2018 1D View
First dropped 66% if broke and idea is valid we could reach around 2600-3000 area
for monthly view
50 Likes to get updated if idea is valid
Disclaimer this is not TA this is a possible chart pattern