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Btclongterm

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
The Cartel, Manipulation and what it could mean for BTC pricesThis is going to be a rather lengthy post and you can take it for what you think it's worth. I have heard a lot of talk lately about a "cartel" being out there and manipulating the price of Bitcoin and other things. I want to look at the reason WHY any price manipulation would be happening. I also want to look what I feel are possible outcomes. My goal is to hopefully shed some light and understand the why behind things and to gain some PERSPECTIVE on your trades. Then we can make decisions from there on what we want to do. Firstly, you need to understand that a lot of companies have a hugely invested interest in crypto now that the space has matured over the last 10 years or so. I am not talking million dollar companies. But these are now BILLION dollar revenue CASH COWS collectively. From brokers, miners, mining companies, etc... It's in their best interest's not to let the price fall off the face of a cliff. It was estimated that coinbase made 1 billion alone last year. If crypto goes too low, they lose customers and in turn they lose their MILLIONS in revenue every month. To let Crypto die is NOT in their best interests. We need to understand that fundamental principle. The notion that CME caused that crash is kinda true, but for the wrong reasons. Crypto is about free market and anti-regulation. CME getting involved means regulation, banks, people who are the antithesis of crypto getting involved. All those early adopter crypto folks that were holding and saw that said, "Eff that, i am out" PLUS, how many MULTI millionaires were made at BTC 19-20k? A LOT. Price was just way to over valued. Before CME there were brokers that allowed you to short the market, look at this chart on Bitfinex, people were shorting it last year, well before CME came out. The only thing that CME had to do with the crypto crash is they were simply entering the space. That's it. That's all it took to make people bail on their positions. If there is one thing for certain, CME is NOT cartel just the scapegoat. People were shorting this thing well before CME got involved. In my opinion any group of people or "cartel" could range from a lot of different organizations. The goal here isn't to get into an argument on WHO it is, but to see WHY they would potentially be doing this. Now, why would a "cartel" be manipulating price to the downside? A. They want more assets at a lower price point. A group like this would want this so they can load up at lower prices so they can dump it again and make a ton of money. B. To accumulate cheap crypto. Organizations probably are loading up right now so they have reserves so people can buy, short, trade, etc... The lower price, the better to build up reserves. See, they don't care if crypto goes to 4k, they load up anywhere that it's lower. These large brokers make money whether crypto goes up or goes down. BUT, if you go to low, people lose faith in crypto and these companies lose money in the long run. A group probably is influencing price, but they don't need to continually do it. People in general are. "Cartel" just starts the process. All that had to be done was spread FUD at specific times to light the match of the self generating fire. Look at the chart of BTCUSD shorts. They keep increasing dramatically, why? People are buying into the FUD, but fundamentally crypto is only getting better. I am not here to tell you whether BTC is overvalued or not, that's an entirely different debate. The question I have is price action and risk. Why on God's green earth are people shorting it at these 6.5-7k lows? The risk-reward ratio is just not there IMO. Some are just hoping for the spike down and have a limit and have a tight stop, great! But why are we at this massive high in shorts? Do people really believe bitcoin is going to 0 with billion dollar companies backing it now? With some influential people behind it? If you do, god bless you for believing that. Continued below....
BITFINEX:BTCUSDLong
by Sherem
23
All the engines are in preheating mode. Prepare for launching!Hi! This TA is based on fractals. Fractals are similar patterns that tend to repeat. I prepared this chart for you about month ago, when we were at the double top, at around 11,4k USD. This time i updated that chart with new support levels, and prices, but it doesn't change a lot. As you can see, we are still literally cloning the price chart pattern from 2013/2014. We have repeated so far almost everything. We had the bottom at the same price level, we had that double top local pattern and then fell down to the same level. I've marked with a circle the place where are we now. If bitcoin is going to go the same path we may hit even ~3-2,5k USD. Last time i wrote that recovering may take even 2 years. But as you can see, we are realising this scenario faster than before. So it looks like we may hit ATH (~20k USD) around december 2018/january 2019. What next? If we stretch 2013/2014 price chart and place it in log scale, looks like all the engines of BTC are in preheating mode and we are going for hundreds of thousands :) So this forecast may seems to be bearish, but is reeeally bulish! So trade with caution and please remember - this information is not a recommendation to start a short or long position. It's for educational purposes only. If you like it hit the thumb button, and don't forget to follow me. Otherwise you won't receive the notifications when i post an update or idea :) And share with me your thoughts please. Thanks!
BITSTAMP:BTCUSD
by JimmyHodl
5