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Btctrend

Telcoin Price Chart The daily chart shows that in late July, the Telcoin broke above a descending trend line at $0.2240 on its way to $0.0298. However, the trend breakout failed to attract follow-through buying, and as a result, TEL is retesting the trend, now at $0.0198. Currently, the trend support is holding up, and TEL has managed to bounce 14% to $0.0238. The tightly grouped 50 and 100-day moving averages sit just above the trend line, reinforcing the robust support. Therefore, this is a significant level and should the price continue to maintain above the trend, it’s likely to head higher, and in this event, a move towards the June high of $0.0385 looks probable. However, the bullish view relies on trend support. And on that basis, if the price falls below $0.0198, it will invalidate the thesis. Feel free and get in touch for more updates, signals and trade alerts
by thomasfullerofficial
Bitcoin's Biggest Bull Flag Ever?Looking at this daily BTC/USD chart it seems that Bitcoin has broken out of a large pennant structure and is forming an enormous bull flag. I've been waiting in the bushes for confirmation of a continuation of the overall bull trend, or inversely, a confirmation of the beginning of the bear cycle. Now I'm ready to pounce (yes, werewolves pounce) and ride this next uptrend towards 100k! This move has me howling for the moon! What do you think? Bull flag or bull trap? Owhooooo!
BITSTAMP:BTCUSD
by Akamer-the-Werewolf
Nostradamus 101: BTC EUR 1 month aheadSince many of you have messaged me for an update, here it is. >>This is not financial advice. If you can make the most of this analysis, great. Enjoy.<< Let me preface by saying what I always say: divide any advice by half and conduct your own research! So, to recap. BTC was at its all-time high in mid-April, back when our friend Musk announced that you'll be able to buy TESLAs with BTC... or so we thought, I mean this is how news cycles work boys and girls, they take time to marinate! Besides, markets naturally go through 3 phases: Accumulation, Hype and Distribution. Nonetheless, our billionaire buddy decided to defraud his own followers for a quick buck. Frankly, sickening, and what's worst, is that people still look up to him as some messiah. Relax, he is just an inventor, a good one, but nothing more, another industrialist who is willing to sacrifice his own people for his own benefit... nothing new. Then we had the El Salvador news... another news cycle, and on top of that, news coming out of one of the most corrupt countries... I mean we know about lobby, which is technically another word for insider trading / promoting interests of others... so why were we surprised to see a head and shoulder pattern? We weren't... we saw it coming, all of us, we just didn't want to believe it. Remember kids, news cycles mean: insiders have already accumulated and set a trend, then the rest of us retail investors rush out of FOMO, then the same insiders distribute (sell) hence making a chunky profit. And unlike us poor pleebs who expect 20-40% gains, billionaires with their billions should be content at say 3-10% which is already plenty... so when you see a new trend set by news cycles, read between the lines... because that is when you begin to view the market broadly... that is when you begin to understand how and when big money makes moves... remember, a billion-dollar trade would probably takes days to complete, you wouldn't be able to click market order... that way, you as a savvy billionaire lose money... so start visualizing how the players of the market could potentially act... also picture what would make them sweat and act out of FOMO (a feeling more frequent in retail noobs). As for today, now we have the Amazon news cycle which has been drowned by the potential of U.S. regulators taxing cryptocurrencies. So what now you ask? Many things, depends on the combination: 1. Amazon did not confirm use of BTC, it confirmed use of cryptos in general at some future date, potentially December of this year (makes sense cyclically). Now the danger is: Amazon reverting on their announcement with something like: "we will look into it next year", "we are not ready yet" or, worst of all for BTC, "we will start off with our own coin and then make it available to the rest...". There are a million ways this could pan, but what is almost certain is that Amazon, Tesla, the Musks, Bezoses and Bransons of this world give 0 **** about you, they care about money, power and legacy... so watch out... 2. In previous analysis I mentioned that unfortunately (particularly for the naive) BTC was created with other intentions in mind. Money laundering. Absurd you say.. long story short, industrial shadow governments and mafia farms (in China, Russia, North Korea, Iran etc...) have mined BTC for the last decade... and are currently offloading... I mean this does not mean the end of BTC, but not the 100k we dreamed off, at least not right now... sure, there is buying power, but no volume, volume is with the billionaires, corporations and shadow players... we (retail investors) are but a speck in this ocean of BTC volume... therefore just keep it in mind when trading. 3. Lastly, nothing is ever what it seems, even the patterns that we do know of change / reverse / break... remember, if you had a billion and you want to short a currency... all you must do is trade the closing of each pivotal candle (e.g. 1h, 4h, 6h, 12h, 1d, 1w) - this means that you could (and they do) sacrifice a couple of million in losses to ensure that a candle closes a certain way to show a certain pattern (FYI: called institutional candles)... remember guys, all you fundamental and technical analysts... patterns are all about ' the self-fulfilling prophecy', this means that once there is an idea in the world, and enough people are exposed to that idea, and then it manifests, it almost naturally forces market players to react in a certain manner, and this means, nothing is ever what it seems. Hope this helps you trading warriors. Adjust and overcome. Safe trading.
BShort
by epiclegendaryman
3
BTC potential pullback to 30K??!BTC has been ranging sideways since our last big correction with us mostly stuck at the 0.5 FIB level. I do think there is a chance of us coming down to the 30K mark again due to lack of volume and a few other factors. First looking at the EMA ribbons we still haven't made any progress on reversing the ribbons back to green on top, and we are actually twisting more to the bearish side, we need to see more compression in the ribbons for us to fully twist back to bullish but we are seeing bigger separation in the green bands now. Checking out the MACD we saw a bullish cross but we are already loosing steam it looks like and our Blue MA is heading towards the orange and looking like we could see a bearish cross in the coming days. Also our histogram seems to be topped out for this bull MACD "cycle" we have been moving flat for the past 3 days and we could start to see some smaller green bars that would eventually lead to red bars. The RSI seems to be struggling to break this downtrend resistance but keep in mind that the RSI has been in a confirmed downtrend since early May, and that will not change unless we see a full break of that 50. point midline on the RSI, we need to fully break above to see a confirmed uptrend! Not financial advice just my opinion!
BITSTAMP:BTCUSDShort
by JacobR905
1
Bitcoin Danger ZoneContinued though from the last posts (in French, not sorry) so you can trace my thinking and analysis forming 4 days ago. Lots here, lots to say, let's breakdown. What if people got it wrong: Emotions may have made many want to see an unsustainable uptrend reboot via a triangle. Here is why I think they got this wrong, completely wrong, and the trick was not easy to spot. Lets first get out a bit of the key: - Orange, the trend from December. - Dark red, approx support/resistance levels - Blue, triangle - Red, "triangle" exists - Grey, potential trajectory in next few weeks/months - Pink, trend line (curved). Alright, this triangle. We have heard enough of it. Sign of continued uptrend of which all scenarios have failed for 2 major reasons: 3 lower highs in a row (failure to regain ATH), and double exit from the bottom. The first exit (red) was predictable, but the second (red) break through the December uptrend (orange) and opens wide compared to the first which was opening narrow. This is a negative sign adding to the fact that the market rejects December average trend. Reason in fact, if you look closely, (the trick) the 35-36k support/resistance, was a double pivot for both a triangle and a swing failure. There was no triangle, in fact, the swing failure was confirmed twice. And the stockRSI confirms the market behaviors on these exists. This makes me speculate that the trend now is "curved", which would announce a market reversal into a bearish movement. If I speculate a little further, correction some thought happened, had not, it's only starting. No financial advice but if you are risk-averse, time to close positions, avoid a blood bath and compensate losses with a leverage future BTC:DOWN. A triangle and a swing failure with the same pivot. Rare, but it illustrates one thing: be wary of people only seeing triangles they may miss the swing below...
BITSTAMP:BTCUSDShort
by balaupre
15D Trading: Profit-39726 pips/$ Loss-4395 pips/$ (BTC/USDT)Good day, dear friends. I would like to congratulate each of you who follow my open trading ideas and make money with me. (Yellow rectangles - long / short earnings) Now I am not disclosing any details - but what I am writing here - you can earn at least 1000-2000 points on this for each trading idea. The previous trading idea made it possible to earn only - 1350 points / $ (reached the first target) But I started looking at the market differently. Because: We have a pattern - "Ascending triangle" - Compression of prices, to the upper border of the triangle - Change in margin trading and bitcoin price. But for some reason it seems to me that they are preparing a strong impulse to the bottom. Very strong price drain. And be prepared for this to happen. Perhaps I'm wrong, but since we have a too strong market maker level at the top, the price will be pushed away from there. Expect to see Bitcoin price at 35,000 in the coming week. Maybe I'm wrong - as there is an impulse-correction-and continuation-impulse formation But the price is being held at many levels - and an impulse is about to occur. This is my personal opinion, my position, and my choice. And you keep track of your risk and money management. But be prepared for this outcome.
Short
by UnknownUnicorn13204076
4