BTC Reversal levelsLower volume than prior uptrend indicates weakness, if you take a look on the weekly chart you can also see bearish engulphing candle that took off 3 weeks of uptrend in just one candle, in fact 85% of the retracement was given in 24 hours, this is something that we can't ignore, selling preasure was way too high, and it will probably show up its power again between $6740/$6850, zone where we have a Strong horizontal resistance, plus 100 daily ma and 20 daily ma of bollinger bands. For now there are no signs of reversal, no bear divergences in smaller time frames either, this reversal is most likely to happen in 2 or 3 more days, before the weekly candle closes on sunday 16.
Btctrend
BTCUSD: Prepare for retracement Hi All,
Hope you all are making good gains, but be cautious.
It's all in the chart
BTC may have another leg up before the dump continues.
Allow the market to come to you, don't go chasing the rabbit.
Prepare a checklist, stick to your analysis, forget the noise.
Successful people in General, always have a plan and stick to them with conviction.
There's a high probability that this was just a short squeeze in order to liquidate the shorts.
Volume Weighted Moving Average (20) Target: 7450 - 7600: Sell
I must be crazy not to be buying the narrative that we are in the bull market,
Or maybe it's just the contrarian in me, since BTC has yet to test 5000 level.
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People...
VETBTC: Ready for FreefallHi All,
It's all in the chart, simple idea for VETBTC: Accumulation Period
My apologies, been traveling, have not had time to publish my ideas
Focus on Trend, with conviction: Retracement for VETBTC to the Blue-Box
Target#1: 0.00000125
Target#2: 0.00000118
Target#3: 0.00000114
Target#4: 0.00000101
Target#5: 0.00000097
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People...
ICXBTC: Time is Now, Do Not Allow FUD To Play With Your Mind
Hi All,
Transformational news for mass adoption without the need for ETF: Bakkt; Assets Backed Platform, similar to (XAUUSD) ETF.
This week, Crypto Sphere received very bullish News from Intercontinental Exchange (ICE), which is planning to launch their own (BTC) trading platform. And yet the market continues to Bleed slowly, which I cannot comprehend. I would very much like to Invite all investors and traders to look at Crypto potential landscape from a macro perspective. ICE Plan to create (Bitcoin) infrastructure as crypto transfer service, which could be utilize by Investors, Merchants and Consumers. They believe the services could inherently bring mass adoption, due to marketing for the Bakkt platform. ICE also partnered with (Microsoft) and (Starbucks). The Bakkt platform will be a regulated custodian service. They will be offering there services to Investors, Merchants, and Consumers as Custodian for payment Finality similar to credit card payment solutions i.e., (VISA INC) (V) and (MASTERCARD INC) (MA) and also One day physical delivered (Bitcoin) Future contract, which is bullish. I would like you also take into account The very nature of having ICE into the Crypto sphere, would bring in Compliance and robustness to the ecosystem.
Mainly because the Average investor Prefers to use establishment which they're familiar with such as New York Stock Exchange, (NYSE), which is highly credible in the eyes of regulators and investors. There are currently more custody solutions that have been created. New exchanges utilizing different type of implementation. The name (Bitcoin) being Synonymous to the masses as digital (Gold) or a store of value. Pre-existing businesses are now looking into the block-chain to retain their customers and or users. These are the current companies looking into deploying block-chain solutions via (Ethereum) block-chain; Amazon, (Amz), (Facebook), ALIBABA GROUP HOLDINGS LTD (BABA). As of writing, there are 3000 lightning network nodes, And I'm fully aware lightning network could in a sense centralize (BTC) to only Affluent individuals and Banks, which I do not care for.
Stated all that to say, the current infrastructure is being develop and deployed. I would suggest individuals not be so focused On the short term price action for (BTC). Because once (BTC) Infrastructure has mature then, there will be mass adoption. Just because the price went down does not mean that underlying instrument, Behind (BTC) technology ceased to exist. I also understand we have to go through the regulatory framework In order for us to get More institutional investors and the masses Into our crypto sphere. So I say be patient my friends. Remember, in order for any commodity to have intrinsic value, Institutions and the masses would first want to see the overall value it could potentially bring into their Portfolio and life. The so call, what is in it for me approach.
To conclude, My initial stands for what Bakkt is actually doing is quite brilliant. They Essentially are creating a Fiat gateway for Investors, Merchants, and Consumers. This will permit institutions to buy and sell physical (Bitcoin). Bakkt is essentially becoming the middleman. Hence, Bakkt is becoming settlement layer for payment provider similar to; (VISA INC) (V) and (MASTERCARD INC) (MA). Bakkt is effectively removing the volatility which we Experience for merchants by settling payment off-chain after each purchase. Having an established player such as (NYSE) in the ecosystem Supporting crypto brings in credibility to the space. Bakkt could essentially bring in new businesses that would have elected not to participate in the crypto sphere due to the volatile nature i.e., (Starbucks), but would like more Consumer base and Increase revenue. Always take into account Transactions bring value Not speculation. Reason why the true value of any token or coin is mainly predicated on the Masses Utilizing the network, which in a sense could create a network effect i.e., (Facebook).
Be sure to Follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People...
BTC Breakout TA 7-24-18Although BTC seems to be shying away from my 4100 target I did call the recent downside to 6k (within $90).
*Check last post for proof.
BTC is breaking out of the purple symmetrical triangle that tons of people tried to long and got REKT on.
If this daily candle can close above the purple trendline this is huge because I cannot see any higher
trend resistance.
I am still not really bullish on BTC until it forms a well established uptrend line from the downside.
Re-mounting an older uptrend line would be ideal.
Until then I am still projecting a tap at the long term uptrend line in the 5-4k range.
Times like these show us why we need to be unbiased technical traders. Trade safe.
Secret path of the bearish 90% trend for 2018 till mid 2019 , Reaity chek : the year it s bearish the trend it s bearish, under 10k we are very bearish this means even if we go to 8k 9k it s not bulish at all. stay friend with the friend stay bearish and with no big leavreage and you are good. Bless you.
Contribution for future secrets: BTC : 13Z7aqeP7im52jXkrxMmPbi4rPye1vTpBK
Big trend clash coming in September Red line is logarithmic bull line for all time. BTC has never broken this trend.
Yellow dotted lines are local support levels.
Diagonal wedge in green dotted line (we've never closed below this during 2018, might do today).
I'm thinking we do a fakeout to 5.8k, come back up and pop to 7.9k, before mosying down and slow bleeding to 4.6k - 5.1k til September 20th when the 2018 bear line meets the global bull line. Funny enough this meets perfect with the critical support level of 5050.
Bullish Spinning Top Candle 1day chart Retest of Resistance Line'BOOOOOLISHA'
Sorry im back quick update i thought i would quickly fire this up i see a bullish spinning top candle
on the 1 day chart i will look into this more in a few hours and throw some more charts up and see
if we can see any change in trend any time a bullish spinning top candle shows up it normaly means
the start of something big.
Now i do not want to get peoples hopes up too much as im not out to do that im here to try and help
some of the newer traders im new myself but im learning just like a lot of other people on here im
also busy programming a project for the btc community.
The chart i have thrown up jst in case anyone missed it especially new traders this candle normaly
means a big change in trend we see this a few times, i saw one of these back when bitcoin went
to 20k it was at the very beginning of the bull run near the beginning..
I want to take a much closer look in a few hours so expect some more charts and updates along
the way good luck all i will obviously include some TA in the charts with a update on news and
anything else i feel relevant, i think it is obvious why there has been so much SHILLING
going on and people are starting to see it now, which is great news as new traders wont fall
for it so much..
Social engineering is one of cryptos biggest downfalls you can make any chart look bearish or
bullish even if there not in a bearish or bullish state by the Time Frame.Enough raviting from
me i will leave you guys with the knowle we have bounced off the main bottom support zone
in blue and now we have a daily bullish spinning top candle.
Big things are coming this week end most of you would have seen the massive sell offs that
happened today and yesterday i believe these where whales dumping there btc to buy back
in there only waiting for confirmation this is my opinion so don't forget to use your own TA
im out to try and help.
I will keep this updated but definitely a massive booooooolish sign.I want to check the
EMA and RSI and also try some new indication methods.I will be back with an update
in a few hours.
Thank you to any one who supports our work we have alot of projects on the go at the moment
and we are trying to fit this into our schedule
BTCUSD TRENDLINE BREAKOUTZONEGUYS KEEP WATCHING GET MORE MONEY...
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
BTCUSD Trangle pattern 1245 waves and ABC retracment possiblity chart speak for itself i wonder if we break out of this wedge and we start a bull run it could
also go down and do an extended ABC, i think the break out of this triangle might be a big
bull run moment or we extend our ABC again until we break the trend.
Good luck to bears and bulls :))
BTC how it will continue from here ???I found something really interesting the way the market moves in the different years starting from 2015 to 2018. The have been a 3 way cycle of buying power with trend characteristics. As I was thinking before that is just a regular retracement before breaking higher. 50% fibs from 200$ and 61.8% from 3000$. I am wondering how hyperbolic the trend will continue if the banks and the big money start to invest in crypto. All the mass media bloomb etc. were highlighting so much the crypto exactly before the correction isn't it a little bit strange how everyone started to talk about the crypto world little bit before Christmas... In my opinion if we continue with new bullish power and faith in the cryptoworld by end 2018 we can easy get to 80-90k$ per bitcoin. 2017 was the year of the BTC 2018 I think will be the year of ETH so many projects will be developed and enhanced by ETH network. OMG my favorite coin 50% of portfolio is in OMGs. While BTC for crypto is like USD for FIAT. Necessary for the velocity. GOOD LUCK all please share your opinion how the trend might continue and why? :)