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Btctether

Buying First 20% of Long Position at 8900Looking at a smaller time frame now as I try to find my next entry. As I said in my last 2 ideas, I think price can go lower in this pullback, but I don't want to miss the next rally. I'm going to take a small long position at 8900. Entering very slowly, just 1/5 of my desired position. I will buy another 20% each $1000 lower. 7900, 6900, etc. If price turns up at 8900 (i don't think it will), I will buy more with different entry criteria. Before I enter this trade i want to see the stochastics oversold and crossing upward on the 60min chart. Why do I believe that we'll find a higher low: 1. I think there was capitulation at the 6k level. 2. I think we just had wave a of 5 (elliottwave) and I want in on the c wave as it will likely be the strongest of this move. 3. I think btcusd is ultimately going higher.
BITFINEX:BTCUSDLong
by x12g
3
Exploring the Bear ScenarioLet's assume price doesn't break above the channel and we have a wave lower. I personally think price will find support at one of the fib retracement levels of this first wave up. 50% retrace is usually where I start to look for real support. That said, if we go all the way to the lower regions of the bear channel, then some amazing buying opportunities will become available. I think we will see support at a higher low, just like i said in my last idea. Consolidation sideways for a few days and then potentially a new wave up and out of this bear channel.
BITFINEX:BTCUSD
by x12g
1
BTC Cup and Handle?BTC BRoke out of the trend line last night, at first it looked like a failed breakout as the volume was fairly low. I went to bed to wake up this morning to see the Volume increased in a huge way and we zoomed to $9400. Taking a look at the chart now, we see the 200ma is pushing, we are above the ema in a huge way which is a bullish sign. Above the green ichimoku Cloud , which is in climbing. an argument can be made for a cup and handle setup and we are currently pushing against the latest resistance line. If we break through I would say a move to around 10190 is on the cards, as it is the 1.618 fib line. Watch for Volume increase and a breakout, should see a pull back after 1.618 for an entry point if you missed the boat. Good Luck
Long
by TroyByrne
1
BTC new pump before hardfork Segwit2x + free BT2Risk: Low Dear followers, After the healthy correction, which I already mentioned in previous ideas. BTC perfectly bounced its new trendline, and formed a strong support. Besides that, I will not be surprised if BTC will rise faster than BCC next days, because of the hard fork Segwit2x december 28th. Besides that we will collect our free BT2. Target 1: 15800 (20ma) Target 2: 16700 (200ma hourly) Not on this chart Target 3: 19120 SL: 12700 Fundamentals: Segwit2x hardfork Please, follow and like for more trading ideas. Questions? Feel free to ask and your feedback is welcome and enjoy your turkey tonight! (Or something els ;))
Long
by Trades999
26
BTCUSD support levels, dnot panicMy support levels on COINBASE:BTCUSD BTC levels are strong, it is very common to have retracement and it is healthy as well. After the Futures introduction, we have to get ready for big falls as it can be manipulated easily. Just an Illustration: To hold Long in futures, 47% margin has to paid ie., for $100k contract (close to 6 BTC), just pay $47k as margin and have a 100BTC wall on GDAX can help to push many folds and make huge money on Futures. So expect fluctuations. Red candles are common in trading, dnot panic.
BITSTAMP:BTCUSD
by maheswar81
3