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Weekly Support & Resistance Zones for BTCUSDT on Binance (12/09)BTCUSDT did not make much movement last week except on December 4. The pair was trading below the current 7375 support level between December 2 and December 4. BTCUSDT was trading back to the current support level and closed above it on December 5. The pair has been stalling since then and the 7375 support level is still holding up at the time of this writing. If the bullish momentum kicks in later, the target would be the current resistance level at 8275. However, if the bearish momentum takes over, the pair may be heading to the next support area at 6185.
by BTCbrain
BTC is a conn to make the RICH RICHER... use your brainsWhat are everyone's thoughts on this breakout of the wedge formation? further bullish movement expected next week? will it rocket? Will the big players manipulate the market soon to push price higher to make people buy into the rush again just so they can then pull all there money out and make the market dump again ( like last time ) making the rich richer and the poor poorer? Use your brains... if you have 1 ;p Or you can just keep following what everyone says because you are easy bait. So what are your thoughts?
COINBASE:BTCUSDLong
by ApexFX_Pro
4
Bitcoin Today: Bottom at $2500?Price Double-tasted during the weekends, $3000 – $3300 zone showed its supportive power and did not let the price pass. The week started at the $3500 level in a low-volatile manner. The rebound from the $3300 low did not manage to reach above the Bearish Trend Line, thus leaves the outlook bearish. Quiet news background causes little-no support for the price, therefore it is possible that bitcoin will try to renew the lows during the week. Today forecast Trading Bounds: $3300 – $4000. Breakthrough below $3300 will send the price to the $3000. Latest Bobbi Lee: bottom at $2500 and new rally to $333000 in 2020 According to the founder of BTCC, cryptocurrency exchange, Bobby Lee, by 2021 Bitcoin will be able to show a spurt up to $333,000. This expert posted a series of tweets in which he predicted the dynamics of the main coin movement over the next few years. Bobby Lee believes that in January 2019, Bitcoin will show a fall to $2500, this mark will signal the achievement of the bottom. Then, by the end of next year, we will record a period of extremely low activity of holders of digital assets. The new rally will start at the end of 2020 and reach a peak in December 2021, when the main coin will overcome the $330,000 mark. We will see the rally peak at $333,000, but in January 2023, Bitcoin will again fall to $42,000. Such an explosive growth of the largest cryptocurrency will allow it to become more valuable than gold. At However, note that just a few weeks ago, when Bitcoin showed a fall, Bobby Lee, on the contrary, stated that the coin could collapse to $3,000. “If history repeats perfectly, then the current bear market for #Bitcoin would bottom out at $2,500 next month, in Jan 2019. And then the next rally would start in late 2020, peak out in Dec 2021 at $333,000, and then crash back down to $41,000 in Jan 2023. Something like that?” - @bobbyclee
COINBASE:BTCUSD
by DestinationMoonCrypto
Bitcoin Today: Argentine crisis pushes Bitcoin up?Price Bitcoin spent weekends in a lateral manner, after peaking at the 6800 high on Friday. The Friday rally ended the two-weeks long correctional movement, which was going near the year minimum at 5750, and brought the price one step closer to the establishment of the turnaround pattern. Resistance at 7000, which also coincides with the 100-days EMA, is the final step for changing the pattern from correction of the downward movement to turnaround formation, so do not expect an easy breakthrough above 7000. From the downside, level 6600 should stay strong to support a bullish scenario. For now, we expect trading inside the 6600 – 6800 zone. Today forecast Trading in the 6600 - 6800 zone. Breakthrough below 6600 – bearish sign. Latest news Argentina drives Bitcoin up? Argentina is once again undergoing a severe economic crisis. In April 2018, the peso started plunging against the dollar at an unexpected speed. Most economists agree that the devaluation of the peso is due to investors’ doubts about the government’s ability to contain its unrelenting inflation and to minimize the effects of the U.S. Federal Reserve interest rate increases, which have strengthened the dollar all over the world. The economic crises in Argentina are driving investors and ordinary people to use Bitcoin as a safe haven. The demand for the digital asset is leading to the increasing volume and bullish trend that commenced towards the end of last week. In this regard, economist and mathematician D.H. Taylor writes, “Argentinians are moving in large numbers out of their peso and into a more stable currency, BTC. The numbers being witnessed by the markets in BTC are surging from Argentina.” And he adds, “The stability being offered by the digital currency is far greater than the peso and Argentinians are moving in quickly.” The weekly volume of the Bitcoin purchases in Argentina has grown to the 5 - 7 million dollars zone during the last weeks. So far, the attempts of the government to stabilize the currency have not led to tangible results. As a result, according to Taylor, the Central Bank is exploring the possibility of diversifying into Bitcoin, “The biggest solution is Bitcoin or BTC-USD and, according to the data, Argentinians are buying large amounts. At the same time, the Argentinian Central Bank is considering diversifying their currency reserves into BTC.” Argentina Central Bank has already eased regulations regarding Bitcoin ATMs in the country. On September 19, 2018, Athena Bitcoin installed the first ATM designed to exchange the cryptocurrency in a mall, auguring that these machines will soon cover whole Buenos Aires. According to Matias Goldenhorn, Athena Bitcoin Director for Latin America, 12 ATMs will soon be installed in the capital city. These units will operate with Bitcoin as well as other cryptocurrencies such as Litecoin, Ethereum, and Bitcoin Cash. On the other hand, a variety of merchants are already accepting Bitcoin as payment. Taylor also highlights that “8,000 new Bitcoin pay stations are in convenience stores in Argentina.”
BITFINEX:BTCUSD
by DestinationMoonCrypto
My $1k to $100k Challenge - Day 2 Trade #41 - QKCHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by the end of the year by day trading altcoins. I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile. There is no nice way to put it, I am doing very bad. I am jumping in the trades too early or too late and am on a bad losing streak. Back to my basics, Base plays, with a twist. I will DCA buy if -5% is hit before my sell target, then make my new sell target my original buy in price which will give me 2 1/2% profit. What is DCA? Dollar Cost Averaging. Say I buy 100 shares @ $2 = $200. Then the price dips to $1, I invest another $200 and buy 200 shares = $200. Now I own 300 shares and have dropped my cost per share to $1.33 each. 100 shares @ $2 = $200 200 shares @ $1 = $200 300 shares total cost $400 = $1.33 average cost each My base play strategy explained here: Click image to go the the Base play strategy post After 26 days and 39 completed trades: Wins: 16 Loss: 23 Balance: 0.1517 B USD: $ 989 *Some trades may be pending and not yet included in my stats There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow. CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge. If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart. Alright, here we go with Day 28 trade #41 I invested 0.03659344 B into QKC. I bought 6266 @ 584 satoshi My Sell target is: 617 for 5.65% profit If the price drops to 554, I will invest another 0.03659344 B and buy another 6605 QKC. My new target will be my original buy in price at 584 satoshi for a potential profit of 2 1/2%. My Trade Stop loss: 525 (-8 %) Click image to expand In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all. I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey. Your comments, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
QLong
by redking75
3
BTC/USD BIG WARNINGThe big boys just pushed the price from 8750 to 9300 within less than 2hours. NO consolidation or sells AT ALL. They pushed about 15 B dollars into the market out of thin air within 2 hours. Which crated a MASSIVE candle that need to be squared up (you can go take a look at the 1minute chart you will see that it ONLY went up). This move made it break past the 9100 level. Reaching the next level 9300) and push through it. They are trying to get that unsquared up candles on the left (the red ones). There is 2 possibilities here 1: BTC goes up to 9700 ish (max) and then plummets down, this could be the indication of a MASSIVE reversal (its Wednesday too (best volume day in the market)) All the way down to 8500 area, and if it break through that level like its nothing then we can expect BTC to start dropping HARD. (this possibility is backed by 2 square up candles which is BIG) 2: The big boys keep pushing the price up and they break past 9900 level to go get the 10900 level I am betting on the #1 Follow me on telegram if you want to be updated on this trade. Let me know what you guys think in the comment.
COINBASE:BTCUSD
by UnknownUnicorn2029062
15