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Btcusd1d

BTCUSD is consolidation over?From our previous analysis and its updates it was clearly seen that BTC went out of the triangle and now is preparing for the next wave of growth. After it was pumped above Fib 0.786 level the price started to consolidate and now it has bounced back from the mentioned Fibonacci level which is now strong support. Nevertheless, uncertainty about BTC price movement is going to end only in the beginning of April. Till this moment there are still 2 scenarios: 1. Price continues its bounce and moves higher to the next level around $10 800 2. Volume goes down and bounce stops, the price follows Stoch RSI forecast and moves back to the triangle and decreases till its lower edge around $6 400 Conclusion: BTC will obviously grow up and reach new ATH in the long term, however in the short term the price may retest 6k level before it starts a new wave of growth
BITFINEX:BTCUSD
by Skyrexio
BTCUSD Daily analysis - Short bear. Long bull.A daily and 4hr chart analysis. Daily - Bearish day after a bullish rally. Huge historical resistance hit. Possible retrace to 9-10k. Major support at 10k but a retest of 150 EMA, 9500-9700, likely. 4hr - If the Moving averages cross (Red and Green) expect trend reversal confirmation from 90% of analysts, including myself. My only concern at this point is the upper trendline. - The last time the moving averages crossed (Golden Cross) was October 2017 and a 400% price rise. Opening short to 9700 If we see a 9500-9700 bounce, opening long.
BITFINEX:BTCUSDShort
by jackdavidpiney
BTCUSD look to buy on weaknessBuy above 11887. Stop loss at 10446. Take profit at 15221. Reason for the trading strategy (technically): Bitcoin’s price has continued to rise strongly and it also continues to obey strong technical as seen in our various Fibonacci retracements and projections. The recent swing low that occurred at 12720 was purely a 50% Fibonacci retracement and 100% + 161.8% Fibonacci extension. We are bullish on this and the key question is where to find a good entry level. We look to buy above 11887 support (61.8% Fibonacci retracement, horizontal pullback support) with first key level of support seen at 12116 (100% Fibonacci extension). Our profit target would be at 15221 (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) main support is at 21% and we should expect it to drop towards that level which corresponds to our buy entry. Reason for the trading strategy (fundamentally): While it’s important to find out what is driving the mega climb on Bitcoin, it’s likely that this run is very much fuelled by speculation over value as one of the key points is the stark contrast we’re seeing versus the other major cryptocurrencies. While Bitcoin has been rallying, Ethereum, Ripples and Litecoin were all ranging and some even dropping despite being much better and suited for day-to-day transactions – which is what the whole concept of Bitcoin and Cryptocurrencies are meant to achieve. Hence this shows that the appetite we’re seeing right now is not so much for cryptocurrencies and how they would radically redefine the financial system. Based on this, we can expect further volatility and price to obey much more key technical levels as that is the main area the markets would be looking at especially with a lack of key fundamentals.
BITSTAMP:BTCUSDLong
by MEX_Exchange
Ride the Bitcoin Rollercoaster - Pt. 1Harmonic Patterns, Fractals and Price Action are showing a strong correction is about to take place in this bull market. Entry: 1200. TP: 945. Stop-loss: 1230. R/R: 1 / 8.5. Good luck! Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting updates as I have been doing in my previous posts. Animated version:
BITSTAMP:BTCUSDShort
by CoinMajesty
11
LONG TERM BULL PARADEThis will be the most epic bubble ever seen in Finance History. Althought I'm an early supporter and actual supporter of BTC & Blockchain tech, and I weight its value far away upper from the actual price in the magnitude of thousands and thousands dollars, all the big players are in and 2017 will be a crazy year for BTC and #bitcoin holders. Long term Bull is confirmed until the green trendline is not broken downwards in a continuateive trend. (But i strongly suppose this will not happen so easily, very small probability of reaching this scenario) Have fun and HODL! (Also don't trade what you cannot afford to lose and set a proper SL, ALWAYS!!)
BITFINEX:BTCUSDLong
by KernelPanik23
2