Get started

Btclongterm

Position QHF 17.10.2018After a short squeeze on the "tether is scam" news, the market began to stabilize. The current situation with BTC indicates the formation of a possible (local) triangle model, out of which both up and down is possible to exit. The boundaries of the midterm model of a larger triangle still remain relevant, as well as the logical development of the situation with the future price increases and the breakthrough up or down. We are skeptical about a possible catastrophic sale down to the new minimum of 5750, because for the long period each negative event draws the rising minimums .. We agree, not everyone is able to make money now. However, if you remove all info-noise and concentrate on simple and clear models, with constant risk / reward values, you can find the way.
BITFINEX:BTCUSDLong
by UnknownUnicorn3511625
Position QHF 08.10.2018The price of Bitcoin continues to narrow the range of volatility, forming a triangle in a triangle. We have identified on the chart zones of double Fibonacci levels, which are most of all under the price, rather than higher. The edges of possible graphical formations are built. Paying attention to these details - they made an action plan, which suggests another sharp drop in prices a little later from the level of 7000-7200, in order to scare those who buy Bitcoin intraday. In the coming hours, a test level of 6500 is possible, followed by an increase in the price to 7000, from where we expect another correction within the larger triangle model.
BITFINEX:BTCUSDLong
by UnknownUnicorn3511625
BTC big move coming depending on MAIN SUPPORT 7.5kBtc is currently testing a very important support level around 7.5k is really important to hold for bulls or it's looking like another wave down to around 4.8k. Watch what btc does the next few days and enter a longer term trade. This support is from all way back in jan 2018 so it's very important. If we break bellow it tells us that a high chance the breakout was not "the real run". If this happens you might have a GOLDEN chance to buy btc at bellow 5k. If support holds and btc goes above 9k it turns very bullish...waiting to see what happens. Watch out for fake outs always put SL in profit! Happy trading :)
BITFINEX:BTCUSD
by Nirland
2
BTCUSD Long term scenarioOn the 1-day timeframe chart long term BTC analysis suggests that BTC finally gains strength. There should be a new rally soon, it wont we similar to the previous where BTC was pumped however it will be a gradual rise within months till the middle of the Autumn. It doesn't look like this time BTC will fail again. There are a much more solid technical and fundamental foundation this time. Ichi cloud lines intersection and XABCD pattern with repeated BB contraction suggest that there should be trend reverse. This is confirmed by regular bullish divergence and price movement in the median channel. Nevertheless there are a high possibility of decrease in the short term. On the large timeframe scale it can be seen that the price should go back to the critical support level around $5900. There will be more thorough analysis of short term timeframe chart later. Still there is no guarantee of a great and smooth rally. When it consolidates around support line in the short term there will be new wave of growth which can be accompanied by drawbacks or sharp rises. We have a very strong rally foundation now the only problem is that the market is still not confident to just buy and FOMO again. Trust has been destroyed during two last month of market falls. So there is a big chance BTC will go sideways in the mid term after short term consolidation. Conclusion: current BTC price rise is only upward correction of a downtrend in the short term. The price will move to the mentioned on the chart zone. However according to analysis in the long term the price should move upward after that till Autumn. Moreover in the mid term there is a chance of sideways movement. Breaking $10 000 level will be a strong sign of a new wave of growth which will be confirmed after consolidation around $11 360
COINBASE:BTCUSDLong
by Skyrexio
BTC in slumber? Looking longer term...Taking a longer term perspective on this one, using the weekly candles, reality sets in as i put on my bear glasses. Historically, BTC saw an almost perfect recovery on the 50MA twice as highlighted in the green boxes, however, printing lower highs, and finally failed its 50MA support in May, resulting in further downward capitulation. For all those bulls out there, long term recovery/reversal might not be so soon as the next foreseeable support lies at the 100MA or 23% fib retracement level. In the shorter term, BTC might look to retest the 50MA, but i'd be quite sceptical on its success. If i were to make a call, the lowest threshold would be in the 3,500 to 5,000 range. Furthermore, declining volume indicates weak interest in the market. What i'd be looking out for is an over-extension of the RSI, testing the 30 range - this might be a good buy zone. Happy trading out there :)
BITSTAMP:BTCUSD
by gingerbre4d
This could be it! what's my next move? (BTC)Hello everyone After a week with no ideas, I’m back! A lot to talk about today, let's get straight into this! So first of all we've seen a relatively stable market for the last couple of days. BTC price stays between the 6.3K and 6.8K. That’s a very good sign. A couple of ideas ago I told you guys that I thought this market was going back up. We saw between may 30th and June 6th that the prices were stable aswell. Then I wrote that we've could see a possible break through like we saw back in the end of march. First of all a week or 2 with very stable prices and then a very nice uptrend. we can say that the stable price-action of the beginning of June was a false alarm. Now we're back with a stable market at a much lower point, this could really be it! The next thing I want you to look at is the triangles. So we can see that the range between the highs and lows are getting smaller. that's because the volatility went down. The volatility went down because of the volume. If you check the volume bars, you can see that it has never reached the highs of December. The volume is consistently going down and that's the only scary thing that we're experiencing RN. So the logical result: if we go back up in the uptrend and the volume stays the same or decreases more --> then we will never go higher than the 9K mark. The thing that could save the low volume: - BTC-etf - ETH futures - new institutions/ big investors coming in. My next move: - So we can clearly see that there is a huge potential in price action at the moment. The fundamental news is getting more positive aswell at the moment (ETH futures, ETH not a security, BTC etf,...) - we can see that we are creating a nice new support-line at the moment. we're holding strong at 6.2K. For me we're def in a buy zone at the moment. The most important things we've to look at: - volume increasing? -breaking through the downtrend? - are we holding are support level - Are we going through our next resistance (will be determined by volume) my orders: - I set my orders on 6.3K, if the markets go down, 6.3K will be a solid price at the moment if you ask me - If BTC will continue to raise--> try to buy at a moment of lows (6.5/ 6.6 depending of the volume and momentum). - Now at the moment I'm going to hodl and I’m going to wait to thick my wallet. Give it a like if you appreciated it comments and thoughts are always welcome My orders are my thoughts and are no financial advice!
BITFINEX:BTCUSDLong
by cheynos