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Btctrading

What if BTC stayed SUB-8K for NEXT 5 YEARS?! Ultra Bear Scenar.What if we didn't see these prices again for five years? Do you think you'd stay in Bitcoin for that long? Why? Why not? I seem to recall seeing a chart somewhat similar to what I've done here many moons ago, but I don't recall where or how. But it paints quite an "interesting" picture to put it mildly... Bitcoin seems to Love patterns - sometimes called "fractals..." This isn't something I'm going to go into too deep here, but, it is my belief that the trajectory outlined above is one which any reasonable mind could deduce and conclude, based on simple reason and observation (and a little creativity :) Basically what we're seeing in this chart is my inferences based on the previous patterns and moods of BTC: showing we might be entering a serious if not the "final" stretch before we travel up to that final plateau of 100k. But it appears the journey there may be panning out quite a bit different than I I had anticipated... Though, if I'm honest, almost the very moment I drew this chart, and saw what it seemed to be telling me, you wanna know what I felt? I felt Relief... Why? Because it just seem to make so much sense... As unpopular or "unexciting" as a 4 year Bear Market may be, it surely isn't something any hodler of said asset would probably want to hear.... BUT, I truly truly believe that if this thing is to be around for the real long haul, this could turn out to be a very, very plausible scenario. I like to call it "the battle of the halvenings" (denoted by the Vertical Orange bars...) And this "dead zone" looks like it will basically persist between the next Halvening event and the following one happening in around the winter 2024, possibly not even reaching our Present Levels of 7.8k USD for another year after that ! It is true these "calculations" are certainly rough; but, they are close enough to get the idea, surely. How could this be good, you say? Well, it will be a REAL period of "relatively" stable currency, for one - evening out at around the 5K median or so... Also, this would give plenty of time for True, not only adoption, but actually Building the technologies to be adopted. After all we're Just now really seeing the space truly start to spread its wings... During this time a Stable currency with a period of "head down, eyes forward," in the scheme of things, five years is Nothing.... I'd love to hear others' thoughts on this... Tl;dr: Bear Market next four years between the Halvenings... Won't see 8 again for years... Old ATHs not returned to (i.e. 20K USD BTC) until Summer 2027ish, and then soon after, 100K by that Fall.... Am I off? Wayyy off? Little off? Iknow I'm "off," but, you know what I'm mean, ya'll... ;)) Thanks for reading!! Donations: BTC: 17NMvqjzNqjLrANAU6YPdfUa1kmnzKDwhp ETH: 0x58535641d4977684e5FbE82249b2eB6505a16953
BITSTAMP:BTCUSDShort
by gjones15
4
"We're goin Down, ya'll!" (But then back up with mega force :)I suppose my prior analysis was reasonably close (even though being still pretty new I ended up doubting myself, fomoing out, and messing up the trade :/ learning once again that if I just would have held off it probably would have worked out. Not to mention not having to have paid all those pesky exchange fees, etc. :/) Anyway. So the (inverse) head and shoulders didn't complete as expected; we're going back down. If we look at both the Price, and the Relative Strength Index or RSI, we see that he former had formed a First Lower Low, and as designated by the Red Line, I expect it to now complete a Second. This I expect we'll drop down to just above the $6300 range to create that Second Lower Low in PRICE. The reason I'm pointing this out is because if we compare BTC's Price Action to its RSI, we'll see that the latter is itself forming Higher Lows. And we know if we have: Lower Low in PRICE, combined with Higher LOW in Indicator (RSI), it is a perfect setup for a Standard Bullish Divergence. So it is my estimation that If Bitcoin's price were to drop by about 1000 dollars to around the 6300 USD range, this would also likely drop the RSI about a similar distance (see chart). Creating a Third Higher Low on Rsi. So looking at the chart we see: if Bitcoin's Price drops to around the 6300 USD level, bringing with it a commensurate decline in the RSI, this would create a "textbook" setup for Standard Bullish Divergence. At this point Bulls would be in "possession of the ball" so to speak, and in prime position to do a take off to the MOOOOOOON!!!!! (Or at least ready to check the engines ;) tl;dr: Short till ~$6300; then Moon! (back to above 8K - at which point we'd take another serious re-appraisal :) Happy trading! (This is all speculation and not professional trading advice. Merely some observations and personal opinions which may or may not be of interest to others.) #BTC #bitcoinforecast #cryptotrading
BITSTAMP:BTCUSDShort
by gjones15
Bearish Days... Do MAs Tell the Story?Been some Pretty slowish days as of late - despite the recent run-up we had the other day. Will it stick? I have the idea it will not... Here's why: I came across a this dude on YouTube, Oliver Velez; I don't know if anyone has ever heard of him, if he's legit, or a total scammer - I don't know. All I do know is that I'm relatively new to margin trading, and I'm trying to be like a sponge, absorbing what I can, and leaving what I don't need or doesn't work in the bin. So I figure I'd give this dude a try, Basically, the strategy is based on what he calls "Power Zones" (sounds cheesy, I know; but hear me out), which can be remembered by "Three Fingers:" 200 MA, 20 MA, and Price. When these three factors are in that DESCENDING order, and the 20 MA is falling , you're in a SHORT "power zone." And then the reverse is also true: when the 200 MA is on bottom, followed by the 20 MA above it, then Price, you're in the "long Power zone." According to Velez, the narrower the three components are together, the "more power" there is - kind of like a coil charging up energy to be powerfully released. Now, Velez is trying to sell you something - some kind of course of his at the end, probably connected to some affiliate exchange/ trading platform, which is why he advocated using this method on the two-minute chart...(!!!). That's a bit too "high volume" for my blood... So stepping back a bit and looking at the Daily, we can surely see, if we are using the "power zone" method, the bears are surely in town: as the Price is closing BELOW the 20 MA, which is itself below the 200. And they're all nestled close together, as the 20 MA is descending... Looking like some discount bitcoins is in season!!! :) You all like Moving Averages? The thing I'm leery about with MAs is that they do seem to be what some have referred to as a "lagging indicator," meaning, it's only really telling you something was a certain number at one time, so it might be close to it again. Or is there more to it? I think there is... it's all about the relationships of all these various factors, I think. So we'll see how Oliver Velez's method pans out. Seems to make some solid sense, and be a legit general method to follow. So good so far! :) Tl;dr Falling moving averages point to further price descension based on the theory of MA "Power zones". By my estimation, it is likely we will "drift down" over the course of the next few days or so, kind of like we had over the previous decline; coming to at least $6400, but likely lower with time. Thanks for reading!
Short
by gjones15
Renko Bricks Seemed to have Panned Out!As we are seeing in the recent day or so, it appears the double bullish divergence called has played out after all - resulting in an over 6% rise in price at the time of this writing. So let's stick with what works, eh? Returning to Renko, just plotting out some possibilities seems to show this bullish trend extending Bitcoin possibly up into the $7800 -$7900 range over the course of the next few days to a week. And this is exactly what I'm thinking will occur. I've put my money where my mouth is for the time being at least, and am sticking with my long position. Happy trading, all!
Long
by gjones15
BTC (Bitcoin) analysis 14.11.2019Bitcoin climbed above the $9,000 mark on Sunday, November 10 and ended the session at $9,029 with a 2.5 percent increase for the day. Still, it was 1.9 percent down on a weekly basis. The most popular cryptocurrency opened trading on Monday, November 11 with a huge red candle on the daily chart after bulls were once again rejected around the above-mentioned critical level. The BTC/USD pair erased 3.5 percent of its value and stopped at $8,718. It entered a downtrend on November 4 and we were already looking at the 50% Fibonacci ($8,465) as the next support zone. On Tuesday, November 12, the coin was trading as low as $8,555 during intraday but managed to close with a slight increase to $8,809. Bulls returned to losing ways in the mid-week session on November 13 when BTC dropped further to $8,749. We are obviously in a downward channel, still, I'm bearish to neutral in the short-term given the current setup. We already saw BTC trading in a similar way in the $8,500-$9,000 zones before. The 50% Fibonacci level is still in place as we expect a further drop to mid $8k levels and consolidation before going up.
BITSTAMP:BTCUSD
by FutureBlockchain
BTC- Short timeframeThis is a continuation of my first ever post minutes ago.. this are my targets.. my resistances at red and the bullish support at black where i will be rethinking on my bearish sentiment if that line doesnt get break down in the short-mid term.. in the end im thinking simple as i always try to do so in trading ... if my short time frame resistances dont break in short term like the 8.9k and 9ishk i belive we will get pushed down to that channel of 7.8k - 8.7k again and confirming my theory that the bearish market is still a few months away of ending .. Simple strategy 8.9k - 9k resistance if btc cant pass from this shortly we mostly will se a down movement to 8.4k or 8.5k and after that 8.7k becomes resistance and the stair pattern like this to the previous low of 7.4k where i think we will break down with capitulation fase of bear market to 5k-4.5k and start the new steady and rising bull market .. Please comment your opinions good or bad about this .. it can be TA opinions or fundamental oppositve or in favour i just want to discuss this view with others.
BITSTAMP:BTCUSDShort
by heartstonned
Bitcoin (BTC) already looking at $10k and $10,500BTC successfully rebounded from the 61.8 Fibonacci level on October 23/24 and after registering a small loss to $7,433 on Thursday, October 24, The work week ended with a bang as the BTC/USD pair formed one of its largest candles ever and added more than $1200 to its value. The 16.5 percent increase helped the leading cryptocurrency to reach $8,658. On the first day of the weekend, Saturday, October 26 it extended the gains and moved above $9,000 to close at $9,253. The coin added another 6.8 percent to its value and was trading as high as $10,344 during intraday. Bitcoin was trading higher on the last day of the week and reached $9,550 closing the 7-day period with a 16.5 percent of increase. Bulls need to consolidate above $9,700 and attempt a move towards $10,000 and $10,500 in order to confirm mid-term bull run.
BITSTAMP:BTCUSD
by FutureBlockchain
Bitcoin (BTC) still in no mans land - price analysis 21.10.2019On October 17, bitcoin regained its position above $8,000 and ended the day at $8,070 as the major support level did not crack under bear pressure. On the last day of the workweek, BTC hit $7,800 during intraday, but limited loses to $7,950. Neither bulls nor bears were able to take over control and establish a solid trend. This was even more obvious on the first day of the weekend, October 19 when bitcoin closed with almost no change after trading in the wide range of $8,100-$7,880. It recovered to the levels above $8,000 on Sunday, October 20 and closed the day with a 3.4 percent of increase to $8,239. BTC remained flat for the 7-day period. The short-term downtrend is broken as BTC successfully rebounded from $7,800. If bulla ger again rejected at $8,300, we can expect a drop to sub-$8,000 levels. If not, it will require additional efforts from them to consolidate above the mentioned level and form a trend.
BITSTAMP:BTCUSD
by FutureBlockchain
Bitcoin Entered Decisive Phase $20,000 or $6000Bitcoin is pretty much harmonic in past few month. Many Bat and Gartley patterns are successfully printed on the chart. This time bitcoin is showing the formation of Bat pattern which is mostly likely to touch two very important levels 11300 and 12000. Intresting facts is that last two pattern printed by bitcoin are both bearish patterns which is holding support levels around 9500. This support and resistance levels (showin the chart) are also forming descending triangles roughly which is makes my analysis more contstructive. What I advise is that we should hold bitcoin for atleast 11300 level because bitcoin is about make a bigger move in this year end which will be defining the next year support level. Dont hesitate to hold bitcoin inspite of daily +-$500 movements. I believe the same scenario of 2017-2018 will be repeating it self, bitcoin will be touching greater price levels after breaking out from the descending triangle pattern. I am keen to hear from you, what is your idea about bitcoin in last quarter ? Good Trading Calls : t.me Group Talk : t.me Contact Me : t.me
BITMEX:BTCUSD.PLong
by Good_Trading_Calls
Bitcoin has three options...There's multiple realistic options that I can see happening but these two are what I'll be looking at. We bounce off the 22 EMA go for a retest of the short term top. We will see either a rejection (red) or bull break (yellow) with bulls targeting the meme number of $15k. From there it's anyone's guess as to what will happen. Personally, I feel a consolidation period coming within the next two months before the show really starts this fall/winter. The third option would be a bear break and from there I'd be monitoring volume.
BITSTAMP:BTCUSD
by tired_man_willis
2
Bitcoin Full Elliot Wave Analysis (BTC)Bitcoin long term analysis. You can see my whole setup from the all time high. It might be too chaotic and messy to see, sorry for that. But if you know Elliot wave count, I do not think there will be a problem. After the all time high I suppose WXYXZ full correction happened. Before finishing the Z wave $6100 area was holding the price very long time, but when it break the support with triangle correction patter it made a huge dump to $3200. For me, Bitcoin finished its WXYXZ correction on $3200. Recently it broke the resistance line and huge spike has occured. I see it as impulsive wave and need a decent correction to enter long position. It might be the start of the next huge movement, but need the break $6100 area, previous support, as confirmation.
Long
by Purvee
1
5-week pull back just started on BITCOIN! When and where to buy!Well you can't say you weren't aware that today's red candle was coming. All the signals were there and I tried to put them into context for you: Either with the 1D RSI - or - The 1D MA200 Today is no different and I have another indication showing why I am waiting to buy more lower ahead of the new bull cycle. On the 1W (weekly) chart, the RSI reached 58.000 every single time following the bottom of the bear cycle. Each time that happened, it aggressively pulled back. In 2012 by -47% and in 2015 by -37%. Since the sequence is descending I expect a slightly less this time. What is even more important is that the RSI rebounded around 44.500 in 2012 and 41.000 in 2015. Practically this tells us where to buy when the current pull back is completed. It is worth mentioning that the duration of both pull backs was 5 weeks. The combination of the above is telling me roughly when and where to buy again. Bear Cycle's bottom ---> Weekly RSI to 58.000 ---> Pull back ---> New Bull Cycle Do you agree? I welcome every opinion, especially opposite ones, on the comment section for a heated discussion! See my two recent studies that were an early signal of today's price drop:
BNC:BLX
by TradingShot
23
Yet Another Great Shitcoin For Quick Profit - MDA/BTCWe see the global Triangle formed on this awesome coin's price. It's new, we see nice volume entered and left during autumn of 2018. Now, using Fixed Horizontal Volume, we see obvious volume accumulated near the bottom line of triangle, that can't be avoided by experienced trader. BUY ZONE : 20600-21200 Why here? Bottom line of the triangle, huge horizontal volume, 38.2 Fibo Level of previous growth. Awesome enter point. STOP : 20577 agressive, 20469 safe Use second one if you wanna insure from local price punctures TAKE1 : 22488 - first Fibo level (78.6), short-term TAKE2 : 23857 - second Fibo level (61.8) + triangle top line + strong horizontal line - THIS TAKE PROFIT LEVEL IS OPTIMAL Breaking TAKE2 we'd break the triangle up and come into the new growth phase with huge possible profit. Would advice you, guys, to set up 3-5% trailing stop after that and let this rocket go :) How To Always Be Ahead Of The Crowd? Entered this trade with my premium subcribers at 20600-20700 zone some time before. Wanna join for FREE? Type me in Telegram @DenisSmalianyi or send mail to cryptohacks.pro@gmail.com and I'll give you a one week trial for free
MLong
by Densmol
Is $100,000 possible for Bitcoin before the next Halving?Although the Fibonacci Channel says it is, since the price is currently on the support, Bitcoin's historic price action shows that the parabolic curve will continue to dictate the direction, until it breaks (either way) or becomes asymptotic. We can't yet confirm those scenarios. What we can confirm is the behavior before each Halving. Halvings tend to initiate new bull markets on BTC with parabolic growth. Before those the price accumulates and distributes, the phase we most likely are in today. What we can also evaluate is the decelerating rate on both the Highs and Lows. So I assume that the next High will again have a lower growth rate than the previous one (thus extending the curved pattern), which makes me believe that $100,000 is not possible for Bitcoin before the next (3rd) Halving. It can be achieved though by late 2021. Let me know what you think in the comment section! See another similar study based on the RSI: The argument based on the Fibonacci Channel:
BNC:BLXLong
by TradingShot
3
Update: $BTC is Going Back to 7K! Here is Why...This my update from my latest BTC update (you can get it here: ). I wanted to do it in a higher time frame which is 4HR and before was 1HR. As the boxes is not relevant right now but the RSI level and 2 others indicators are looking pretty bullish sign at the very moment. Including the price action supporting so. There will be a 40:30:30 for my bullish:bearish:side way (ranging 6200 - 6600 in couple of days/weeks as this chart stay valid), at the moment I see that we might probably heading towards 7K because of the first is majority of the market really glad if we're doing so and there are a lot of positive sentiments lately that indicates and supporting this might happen. We'll see it at the end of this month by the way. Will re-asses my chart if it's get invalidated by bearish momentum, if we just break 6200 - 5800, it will be quite down ward for me. On top of all, the bearish sign coming actually from the market maker, which are having a lot of of this holding / fiat to moving the market up and down, and there are tendencies moving the market down. Even tho there are actually those market makers who can make the price going up, but they just don't want to risk it all since they also get beaten by another market makers probably, so it's better for them to watch from the sideline and waiting for the trend change. It's safer than betting against the market. It's already a month after our a dead cat bounce crawling from the bottom to the top of 7200-7400 and then dumped so well back to 6100 in a matter of second. This is what I'm defining as market makers (: So, trade safe! Support me by follow, likes and sharing this idea. Cheerio!
COINBASE:BTCUSD
by blockchaindedi
Bitcoin about to surge up, retracement before going long!BITFINEX:BTCUSD Past Trend Bitcoin has finally passed through the bearish market and is now in the clear for a bull run, the entire crypto market as of now is seeing green across the board for the second time within a 7 day time frame. Bitcoin has also crossed all 3 moving average time frames that which I typically use (25,50 & 100 periods). This is all extremely positive indications for Bitcoin - indicating that the bearish run from the highs of 24th July 2018 has finally ended and that it is time to start looking for long positions in the market. Price Targets We should be looking for Bitcoin to retrace to the ~$6400 range before entering a long position for the ride up to the next Fibonacci level ($7260), a solid 11.52% from the intended entry level of $6479.9. Do keep in mind that resistance will be encountered on the wave up at the $6794.4 range (indicated by the red rectangle). RSI RSI is currently sitting at the 67.59 mark - right below the overbought level. Thus validating the retracement to the ~$6400 levels before our 5th wave up to the intended price target of $7260. We can also suspect that RSI levels might bounce off the RSI high of July 17th 2018 (4 Hour chart) when heading into wave 5. Wedge Price broke out of the wedge to the resistance levels of $6794.4 and we should expect there to be some resistance continuing forward in the market. Price could retrace back within the wedge before making another attempt on the ceiling, before breaking up toward the ~$7200 range. Momentum As of now, Trix is looking highly favourable for a long position having all four averages having crossed the baseline into an uptrend momentum range. Keep in mind the wedge surrounding the averages, having formed from the low of 18th August 2018. We can expect momentum to slow down temporarily over the next 2 days whilst ramping up to take out resistance at the ~$6800 level. Elliott Waves Price action has completed wave 3 within the past 4 hours and we should expect wave 4 back down to the ~$6400 range over the next 2 days before continuing back upward. Wave 5 should take us to the $7260 mark before retracement and sideways movement in an ABC pattern. Things to keep in mind Price could continue moving up (then wait for next retracement down before entering position). Otherwise Entry - $6470 Price Target 1 - $6794.40 | %4.37 | (Fibonacci level 1) Price Target 2 - $7260 | %11.57 | (Fibonacci level 2) Overview Bitcoin looks like it's about to embark on its bullish run for the first time in a month, which could be the beginning of the way back to $20,000 (fingers crossed). Look to enter after the retracement, either when it is back down to the ~$6400 range, or after it has moved up further and retraced (unlikely). ------------------------------------------------------------------------------------ ElNOIV
BITFINEX:BTCUSDLong
by NOIV