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The Time to Buy Is Now: Investment For The Next 2 Years Consensus 2018 starts in less than 40 hours. The MACD looks golden for a bullish setup. This is the time to hoard Bitcoin and/or your favorite cryptocurrencies for the next 2 years. I've marked some targets for the next two years that I'm confident will be hit in the next two years. We could reach those levels in 2018 for all I know but I don't like predictions. It is that time of the year again. Last year, just after Consensus, we had a stunning bull run. I think it will be far more vigorous this year. I'll quote one of my favorite quotations here: "It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." ~ George Soros
BITFINEX:BTCUSDLong
by Jefe
19
Bitcoin (BTC) Might Never Fall Below $10,000 After May 2018Bitcoin (BTC) dropped sharply in the last 24 hours as a strangled guppy was seen forming on the charts. This resulted in a quick move leading to a drop to $8500 level. It is no surprise that with a drop like this, the permabulls have gone silent and the bears can now be heard quite loudly with voices like, “This is the end of Bitcoin (BTC)” and “What if Bitcoin (BTC) never rises above $10,000 again?”. To a first time traders, these voices are a matter of life and death especially in circumstances like these. The knee jerk reaction in this case for most amateur traders is to panic sell resulting in heavy price drops which are dragged downwards as long as the panic selling continues and as long as the market makers know that the prices can drop further. Read Further: cryptodaily.co.uk
BITFINEX:BTCUSDLong
by Jefe
6
Bullish to 9.5 - Then We'll SeeOvernight, BTC had an amazing bounce off the trendline which formed from the recent 6.4k bottom. However the bounce at 8.8 was 4/5 steps for a Bearish Gartley pattern. The 5th step is a hit on the 1.272 fib level approximately at 9500. If we fail to break past $9500, and then break that upwards trendline, I would expect a C wave to be added to this recent Bitcoin correction. My final correction target being around 8.4k. Smaller targets are shown on the chart above. DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BITMEX:XBTUSD.PShort
by oh92
3
Bitcoin (BTC) Continues to Remain Bullish Amidst Altcoin Sell OfBitcoin (BTC) is down 6% for the day but this is fairly insignificant in the crypto world when you calculate how much it has been up in the last few days. Bitcoin (BTC) seems to be following an Adam and Eve Formation. The same pattern can also be seen in most altcoins because they mimic the moves of Bitcoin(BTC) but more aggressively, which means they go up hard and come down hard. According to the chart above, there is room for Bitcoin to fall further or trade sideways the next few days. However, Bitcoin will most likely begin the next bullish wave after the weekend which will take it to $11,000 and possibly higher. Most crypto analysts have upped their price predictions for Bitcoin in light of recent developments. Read Full Analysis Here: cryptodaily.co.uk
BITFINEX:BTCUSDLong
by Jefe
Falling Bitcoin (BTC) Dominance And Rising Altcoin InterestBitcoin (BTC) dominance is currently at 37.95% which is just 5.49% away from its all time low of 32.46% in June 2017. Bitcoin’s dominance of the total market cap of cryptocurrencies might continue to fall further in June 2018. This fall in market dominance of Bitcoin is directly linked to a rising interest in altcoins (which are cryptocurrencies other than Bitcoin) and for good reason. As the market cap of Bitcoin has grown, it has become difficult to achieve 20x and 50x gains as before. Cryptocurrency traders have thus turned to altcoins to enjoy higher returns on their investments. Read full analysis here: cryptodaily.co.uk
BITFINEX:BTCUSD
by Jefe
Bitcoin Near the Beginning of the End of its Bear CycleIn an interesting attempt to retest the downtrend line, Bitcoin shot up from near $8200 to $8500s in less than an hour. The chart above is based on the logarithmic scale for Bitcoin which has yet to be broken. A lot of new investors assume that we have already broken the downtrend line and Bitcoin is now in the clear but this is far from the truth. For volatile assets like cryptocurrencies, a logarithmic scale is preferred by seasoned investors. It is easy to FOMO in when you already think the downtrend line is broken and Bitcoin is probably on a new bull run. However, on the logarithmic scale, a clear rejection from the downtrend line was seen but the fate of Bitcoin’s price for the next few weeks depends on whether it closes below or above the strong downtrend line. Read detailed analysis here: cryptodaily.co.uk
BITSTAMP:BTCUSD
by Jefe
11
BTC Not Out of the Woods YetI'm finally convinced that permabulls and permabears exist in this market. There are some top traders who wait to see the first bullish sign and then they come blasting with their '"LONG" posts. There are others who are waiting for the first bearish sign and then they come blasting with their "SHORT" posts. I'm now more convinced than ever. I'm not sure yet if they actually make their investment decisions that way but that does not matter to me. What matters is, BEING REALISTIC. Most of you who follow me know that long term I'm extremely bullish on Bitcoin and a few other coins. You also know that I don't like emotions. My favorite trading elements are market psychology, technical analysis and fundamental analysis, in that order. As of today, I'm not convinced Bitcoin is out of the woods yet. I've been closely following the price action for the last 48 hours and frankly I'm surprised how so many people make the same mistakes over and over again. If you follow my ideas, please take note of the time frame when I say "Short" or "Long". I could be "Long" on a 1D Chart and "Short" on a 1H Chart on a particular day. Anyway, name of the game here is patience. This might take a while. Keep an eye on the rising wedge. Peace Out.
BITFINEX:BTCUSDShort
by Jefe
2
Bitcoin (BTC) May Not Fall Below $6,000 Ever AgainBitcoin (BTC) is down more than 70% from its all time high but many still anticipate further downside. If you think about it, this is no different than when Bitcoin (BTC) was at $19,000 and many still expected a bull run to the moon. It is easier to be criticized and called out when you are overly bullish in a bull market but people do not find being overly bearish in a nearly complete short term bearish phase as equally implausible. This comes down to the difference between euphoria and fear. While markets may take time to build up and gain support over time, it takes a lot less time to erase all those gains and for the price to nosedive once fear is instilled in the market. Detailed analysis published here: cryptodaily.co.uk
BITFINEX:BTCUSDLong
by Jefe
10
Dear Bitcoin, Where is your support? Once again Bitcoin is starting to squeeze so another major deciding point is coming up! We recently had a small bounce right out of the fractal support zone and support trendline. Unfortuently, before even having the chance to test the top of the wedge we were knocked back down to test the same support levels again. Generally it is not a good sign to test a support level so soon after a bounce. However, we must wait and see what the market decides. The chart above shows multiple support and resistance levels that Bitcoin may test. We must treat this like a game of ladders. Bitcoin must make the first move and then we will be able to react accordingly. I hope this chart helps and I wish you all the best of luck! DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BITMEX:XBTUSD.P
by oh92
4
BTCUSD Broke the 200 saw the 300 much faster than I expectedThe failure of the 200ema saw price reach the 300ema. Price is currently held up by a small yet notable buy positive volume shelf. (See the values of the VPVR on the right) If we fail the 300, we go down to the 400 where there is a new buy positive shelf that is much larger and more supportive as noted by the range size. Currently, the volume indicates that IF we fail the 300ema we may see the triple bottom at 5900, I speculate we don't drop past 6.4k
COINBASE:BTCUSD
by jackdavidpiney
What does the recent selling climax tell?Disclaimer ***THIS IS NOT AN ADVICE, I AM NOT YOUR FINANCIAL ADVISER*** Most folks are looking at the wrong chart nowadays, if you take a look at coinmarketcap, coinmarketcap.com the 24h volume of bitcoin, adding all that will be $3,343,481,000, versus the volume on BitMEX which is $4,922,600,000. Do you see where I'm going it with? I bet there's a lot of people shorting bitcoin on that recent lower low break around $9,300, a bounce back above would trigger short squeeze and odds are in favor of bulls. My play here is to go margin long here and place my stop loss under 8,700. good risk reward. Disclaimer ***THIS IS NOT AN ADVICE, I AM NOT YOUR FINANCIAL ADVISER***
BITMEX:XBTUSD.PLong
by JoE
6