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BTCUSD1W

Bitcoin $10,000 or $5,4000 Possible scenarioMy last call for Bitocin to visit $8,000 have almost there to the target. For now it is testing few of my key MAs and almost about to test the downtrend line. So i am expecting as if it breaks the trendline and forms linear compression, chances are it will test $9,900 or if it doesn't hold the trendline, most likely it will be testing its lows again around $5,400. Checkout my previous call on bitcoin under links section. Happy Trading.
BITFINEX:BTCUSDLong
by UmarAbdurRehman
BTC:USD DAILY UPDATE (day 139)I have been spending less and less time looking at the 4 hour chart and have removed that part from the title. Moving forward the daily update will primarily focus on the 1w, 3d and daily charts. Outlook 1-4 weeks: bullish 4 weeks - 12 months: bearish > 1 year: super bullish Projected Bottom: $4,975 = 20% likelihood | $4,000 - $4,200 = 30% | $2,500 = 15% | $1,000 - $1,250 = 35% Yesterday’s analysis : Weekly 9 on the TD' Sequential and red 6 on the daily. Expecting rebound to $7,500 - $8,000. Patterns: Inverse h&s with $6,800 neckline on daily. Horizontal support and resistance: R: $6,600 - $6,800 S: $6,500 resistance becomes support? $6,200 is strong support. BTCUSDSHORTS: Broke out of bear channel and then immediately pulled back. Wick on top of the daily candle is ugly and tells me that we will likely break down 21,000 support in the next couple days. Funding Rates: Longs will receive 0.0117% EMA’s (12 & 26): Bullish 1h, 2h, 3h, 4h, 6h and currently crossing on 12h. MA crossovers (50 & 200): just made bearish crossover on 4h. 1h posturing for bullish cross. FIB’s: 0.236 at $5,817 and 0.382 at $8,476 Candlestick analysis: 4h hanging man. Ichimoku Cloud: D: Full bearish | Tenkan resistance turned to support | Kijun at $7,184 | Cloud at $7,494. 3d: Tenkan at $7,200. W: Tenkan at $8,698 TD' Sequential: D: Price flip after Red 6 major resistance at $7,700 | 3D: Price Flip after red 1 | W: Green 1 following red 9, major support at $6,069 Visible Range: Resistance stacked from $6,600 to $9,000. Large gap from $4,300 - $5,900 that I expect to get filled before bear market is over. 50 & 200 MA’s (calculate % difference): 50: -1.46% 200: -35.22% BTC Price Spreadsheet: Price is currently +3.87% over the past 30 days. First time that has been positive since 5/14. Bollinger Bands: W: MA is at $7,722 and angling down 3D: MA is at $6,885 and will be apart of resistance cluster D: MA is starting to angle upward for the first time since 4/17. Top band is at $6,837 and will be apart of resistance cluster Trendline: Recently broke down trend. Could draw bull trend by connecting 6/28 and 7/15 Daily Trend: Bullish since 7/12 Fractals: DOWN: $6.074 UP: $6,842 On Balance Volume: Supported 1,349,811 and is bouncing in line with the price Buy/Sell Sentiment on Trading View: RSI back above 50. Stoch at 43. MA’s are starting to show buy signals after showing ‘sell’ across the board. Conclusion: There will be heavy resistance at $6,800. I expect that to slow down this rally, but not for long. Still expecting $7,500 - $8,000 to be the top of this dead cat bounce. If you are not in a position then I would wait to buy the breakout of $6,850 which would confirm the inverse h&s on the daily chart. I am long ETH:USD due to a more favorable risk:reward ratio.
BITSTAMP:BTCUSDLong
by Sawcruhteez
BTC:USD 4 hour chart DAILY UPDATE (day 138)Yesterday’s analysis: Wanting a red 9 on the daily (Wednesday) in confluence with red 9 on weekly. Thought that it would pullback to $5,000 by then, is currently much more bullish than that. Patterns: Higher low on daily. Inverse h&s with neckline at $6,800. Weekly Triangle Horizontal support and resistance: R: $6,500 S: $6,200 BTCUSDSHORTS: Threatening to break out of channel after breaking through horizontal resistance. Next stop would be 28,000 Funding Rates: Shorts pay longs 0.056% EMA’s (12 & 26): Testing 12 EMA for resistance. Bullish crossover on 1h, 2h, 3h. Posturing for cross on 4h. MA crossovers: Resistance from 50 and 200 MA on 4 hour, and threatening to cross back over. Bearish cross on 3h, 2h, 1h. Posturing to cross back over on 1h. FIB’s: 0.236 at $58.17 | 0.382 at $8,475 Candlestick analysis: daily spinning top and inverted hammer, now bullish marubozu. 3d hammer shows strong supper at $6,240. Tweezer top on weekly. Ichimoku Cloud: Weekly starting to c clamp. 3d C clamp resolving itself. Tenkan support on daily. TD' Sequential: Red 5 on monthly. Close below $6,442 will give us a 9 (unperfected). Red 2 on 3d after 1-4 candle correction. Daily under $6,382 to get a red 6. Visible Range: Resistance stacked up from $6,500 - $7,200. 50 & 200 MA’s (calculate % difference): 50: -5.97% 200: -41.34% BTC Price Spreadsheet: X Bollinger Bands: M: MA waiting at $5,000 W: bouncing off bottom band, MA is at $7,945 3D: Bouncing off bottom band, MA is at $6,886 D: Currently testing MA Trendline: Could draw bull trendline from 9/14 low through 6/29 low. Downtrend from triangle will be at ~$7,500 Daily Trend: Bullish since 7/13 Fractals: UP - $6,816 DOWN - $6,095 On Balance Volume: Brokedown major at 1,255,729. Will current rebound turn that area into resistance? Buy/Sell Sentiment on Trading View: RSI - 46 Stoch - 26.3 MA’s are a sell across the board (save Hull MA) “As for me, I have no desire to carry the football from end zone to end zone. Just give me the territory between the 20 yard lines.” @PeterLBrandt Yard line of trend: Top: $19,776 Projected Bottom: $4,000 Field: $15,776 in length 87.15% of expected bear market is complete, therefore we are on the 13 yard line. Conclusion: Still keeping a close eye on the TD' Sequential. If we close a 9 on the weekly then I would expect a 1-4 candle correction to the upside. If this higher low can hold then I expect a rally to $7,500 - $8,000 over the next 1-4 weeks. Interested in building a long, but hesitant at current price levels. BTC is currently at resistance ($6,375), just closed a hanging man and is currently on a green 9 on the 4 hour chart. The 50 MA is also hovering right above the price. Not a time to buy imo'. I currently feel like ETH:USD is in a stronger position for a bounce and will be posting an update on that chart here shortly.
BITSTAMP:BTCUSD
by Sawcruhteez
1
BTC:USD 4 hour chart DAILY UPDATE (day 137)Outlook: 1-5 days: bearish 6 days - 1 month: bullish 1 month - 6 months: bearish 6+ months: super bullish Yesterday’s analysis: Waiting on the weekly 9, wondering if we will grind downward slowly, or get some capitulation Patterns: 4hchart: Rejected bear flag. Bullish A-B-C-D pattern. Inverted h & s invalidated with move below $6,260 Horizontal support and resistance: S: $6,150 (do not expect it to support another retest) R: $6,250 BTCUSDSHORTS: Supported above trendline, currently going for a retest of 23,000 resistance where horizontal and trend lines wait. If it breaks through that area then I expect the next major sell off to follow. Would recommend keeping a close eye on this chart over the next few days. Funding Rates: Shorts will pay 0.0229% EMA’s (12 & 26): 12: 2.88% above price 26: 4.57% above price. Recent bullish crossover on 1h, posturing for crossover on 2h. MA crossovers: 50: 8.66% above price 200: 45.60% above price. Bearish crossovers 15 min - 1d FIB’s: 0.236 fib is at $5,817 Candlestick analysis: 3dchart & weekly: bearish engulfing and tweezer top 4hrchart: multiple dojis as bears attempt to turn $6,250 support into resistance. Ichimoku Cloud: W: Price recently fell below green cloud. Recent bearish kumo twist. Bearish TK Cross. LS recently fell below price. 3D: Price below green cloud. Bearish kumo twist. LS below price. C Clamp is resolving itself. Daily: Price below red cloud, bearish TK cross, LS below price. Recently closed below Tenkan after it served as week support. 12hchart: recently fell out of red cloud and had a bullish TK cross - it is clearly confused. 6h: failed to stay inside cloud after getting a bullish kumo twist. Bullish TK cross, LS below. TD Sequential: Monthly: red 4 Weekly: red 9 3d: red 1 1d: red 4 (threatening price flip) Visible Range: heavy resistance at $6,500, wearing out support at $5,882 - $6,490 BTC Price Spreadsheet: 12h: +/- 0% 1d: +1.35% 1w: -5.54% 2w: -2.11% 1m: -4.86% Bollinger Bands: flattening out and tightening on daily. 3d and weekly on lower half of band. Trendline: Downtrend from triangle will be waiting at $7,500. Could drawn bull trend by using 6/29 and 7/12 on the daily chart. Daily Trend: Bearish since 7/9 Fractals: Weekly - UP: $9,945 DOWN: $5,788 Daily - UP: $6,843 DOWN: $5,788 On Balance Volume: Large bull div in weekly. 3d shows flat volume since 2/6 Buy/Sell Sentiment on Trading View: Moving averages are a strong sell. Oscillators are neutral “As for me, I have no desire to carry the football from end zone to end zone. Just give me the territory between the 20 yard lines.” @PeterLBrandt Yard line of trend: Top: $19,776 Projected Bottom: $4,000 Field: $15,776 in length 87.15% of expected bear market is complete, therefore we are on the 13 yard line. Conclusion: The TD Sequential is the most important indicator for me right now. Want a 9 on the daily to come on Wednesday the 18th and the red 9 on the weekly to close this Sunday. This is why I am bearish over the next 1-5 days. I expect the price to fall to $4,500 - $5,000 by the 18th. If all three of those boxes get checked then it will be time to build a large long position. This is why I am bullish over the next 6 days - 1 month. I do not believe this market has found a bottom and that is why I am still bearish for the next 1 month - 6 months.
BITSTAMP:BTCUSD
by Sawcruhteez
BTC:USD 4 hour chart DAILY UPDATE (day 136)Continuing with the new theme please see the checklist and notes below. Conclusion is the same as yesterday . Outlook: 1-6 days: bearish 7 days - 1 month: bullish 1 month - 6 months: bearish 6+ months: super bullish Yesterday’s analysis: OBV consolidating, Weekly 9, Daily amended countdown, resistance from 50 day MA. Expected downtrend through Sunday and then a bounce off the weekly 9. Horizontal support and resistance: S: $6,150 R: $6,289 $ 6,200 BTCUSDSHORTS: Shorts at horizontal and trend support levels as they continue to diverge with the longs. BB’s show plenty of room for shorts to build. Funding Rates: longs pay shorts 0.01% EMA’s (12 & 26): Bearish crossover from 1minute - 1week MA crossovers: bearish FIB’s: Expecting 0.236 to breakdown this week Candlestick analysis: Weekly and 3d tweezer top + bearish engulfing Ichimoku Cloud: 1W: Price below bullish cloud. Bearish kumo twist. Bearish TK Cross. LS recently fell below price. 3D: Price below very thin cloud. C Clamp seems to be resolving itself D: Price below bearish cloud. Bearish TK cross. LS below price. Just broke down below Tenkan TD Sequential: Weekly 9 seems very likely at this point. Red 1 on 3d following a 3 candle correction. Red 3 on daily after a completed count Visible Range: $5,775 as the major local support level. $4,000 as biggest area of support over last year 50 & 200 MA’s (calculate % difference): X BTC Price Spreadsheet: X Bollinger Bands: 4h - 12h hugging bottom. 1d has some room to go as does 3d. Trendline: Hyperwave at $5,000 (green). Downtrend from triangle at ~$7,500 (purple) Daily Trend: 3 day bear trend is starting to form a descending triangle. Fractals: D: up - $6,800 | down - $5,778 On Balance Volume: Daily coming for a 125,800 retest which has been a big level of support over the last month. Buy/Sell Sentiment on Trading View: Oscillators are neutral and MA’s are a sell across the board. “As for me, I have no desire to carry the football from end zone to end zone. Just give me the territory between the 20 yard lines.” @PeterLBrandt Yard line of trend: Top: $19,776 Projected Bottom: $4,000 Field: $15,776 in length 87.15% of expected bear market is complete, therefore we are on the 13 yard line. Conclusion: Expecting down trend to continue for another 5-6 days. Interested to see if is is a slow grind or if we get capitulation after breaking down $5,775. Feeling like it is too late to open a short and am planning on a large long position position from $4,500 - $5,000.
BITSTAMP:BTCUSD
by Sawcruhteez
1
BTC:USD 4 hour chart DAILY UPDATE (day 135)I am going to try doing things a little differently moving forward. The bottom line is that I have been spending much more time on this each day and seeing too little return in terms of networking and community interaction. The checklist below is what I go through every day. It is a list of my most important indicators in order of importance. There are so many different variables that it can be easy to get paralysis by analysis. My skill is being able to look at all of them and come to a concise conclusion. If this checklist helps you develop a consistent process then it is yours to use free of charge! Also feel free to skip the analysis and go straight to the conclusion at the bottom. Yesterday’s analysis: Weekly OBV div, Weekly TD countdown, 6 hour cloud, and moving average crossovers. Horizontal support and resistance: S: $6,275 R: $6,377 | $6,560 | $6,660 BTCUSDSHORTS: Fitting into downward channel. Rebound didn’t test top end of channel. Instead it found resistance at 23,000. Hanging man forming. Looks like we will go for a retest of 20,000 at a minimum. Bearish cross on EMAs. Divergence in weekly long:short is significant and starting to angle back for convergence. Longs are high, shorts have room to rally. Also longs paying shorts. Div in 6 hour long:short ratio is as big as we have seen it in 2018 Funding Rates: Longs pay shorts 0.01% EMA’s (12 & 26): Angling down. No longer posturing for bullish crossover. MA crossovers: Bearish. After flattening out they are angling down and spread out indicating a continued bearish trend. FIB’s: Currently bouncing off 0.382 and illustrates why we haven’t gotten to $5,00 yet. Candlestick analysis: Spinning tops, and hammers on 4h chart at support. 12 & 6 hour look to be forming a bear flag. 3day tweezer top + bearish engulfing. Weekly tweezer top and bottom?! Ichimoku Cloud: 6h is interesting. Currently at cloud + kijun support after failing to breakout. Recent bullish kumo twist. Recent TK cross on 12 hour, LS above price, Bearish cloud that the price failed to support. Price below cloud on weekly making it fully bearish. TD Sequential: Weekly 9. Would have had a green 9 on daily if 7th candle closed $16 higher. Tells me the next 7 days should be bearish (in line with original projection) and then we could get a nice bounce off the weekly 9. Visible Range: Huge gap from $4,800 - $5,500. Huge resistance up to $7,000. Slight relief until $7,775 then biggest resistance dating back 1 year. 50 & 200 MA’s (calculate % difference): X BTC Price Spreadsheet: X Bollinger Bands (1 week, 1 day, 4 hour): D: at MA, bands are tight. 3d: resisted right below MA. W: attempting to bounce off bottom band. Trendline: Down: $7,450 Up: $5,000 Daily Trend: Bearish, and at support. Fractals: Up: $6,841 Down: $5,786 On Balance Volume: Noticed that the range is getting tighter. Slapped on some BB’s and can start to see some similarities with 2016 Buy/Sell Sentiment on Trading View: RSI back below 45, stoch pulling back. All MA’s are sell except for volume weighted MA. MACD approaching 0.
BITSTAMP:BTCUSD
by Sawcruhteez
4
BTC:USD 4 hour chart DAILY UPDATE (day 133)Yesterday we looked at the reasons why I am expecting a $750 - $1,000 pump from the current price level. Today we will look at the mounting bullish indicators and ask ourselves if they are enough to bet against the bear trend. Today is Sunday and we only have a few hours left before the weekly candle closes. We are on a red 8 out of 9 on the TD Sequential and I would really like to see the the countdown complete before this pump continues. If we rally through $6,886 in the next couple hours then we will get a price flip before the red 9. If the countdown doesn't complete this time then it is very likely to complete in the future before this bear markets comes to an end. We are bouncing strong off the Stochastic buy signal and the Tweezer bottom . I do think there is plenty of room for this dead cat to bounce, however I am hoping that it doesn’t happen too fast such that it ruins the countdown to a 9. The RSI is back above 50 on the daily chart for the first time in two months. I view this like the 50 yard line of a football field. The bulls are now on offense and getting close to scoring position. This is an important confirmation for me when considering a long. There are currently multiple divergences in the On Balance Volume . One in the daily chart and one in the weekly. This is indicative of bigger players building a long position. The price has stayed level and the buying volume has spiked. That tells me that the proverbial smart money is accumulating at these levels and that is a very good sign for the bulls. The 12 and 26 period EMA’s on the daily chart are posturing for a bullish crossover as well as the 50 and 200 period MA ’s on the 4 hour chart. Longing one or both of those buy signals is becoming more and more attractive. If you elect to do so then I would suggest using ½ of your normal position size due to betting against the trend. A profit target of $7,500 - $8,000 is reasonable and a 5% stop loss provides a favorable risk:reward. I am going to remain on the sidelines for the time being and will be strongly considering buying each of the moving average crossovers. The main reason I am being cautious is because of the visible range volume profile . It is showing resistance stacked up from here to $9,000 with a big gap at $5,000 that is begging to be filled. Shorting this bounce and longing $5,000 are my priorities and it will not be a cause for much concern if I miss a move in between. Thank you for reading! Have something to say? Leave a comment! Smash the follow so that you don’t miss out on future updates and remember that clicking the like is good karma!
BITSTAMP:BTCUSD
by Sawcruhteez
BTC:USD 4 hour chart DAILY UPDATE (day 131)Yesterday we examined the ema’s crossing over on shorter time frames, the bullish setup on the 4 hour Ichimoku Cloud, as well as the reasons that kept me out of the market while awaiting further development. Today we are going to look at a few reasons why this market could have found a bottom as well a few reasons as a few reasons why it hasn't. Let’s start with the good news and end with the cautionary! There are two indicators that signaled the bottom of the last bear market, prior to the year and a half of consolidation. It was a red 9 on the weekly TD sequential and and a cross on the weekly Stochastic below 12. We haven’t gotten the 9 yet, but fingers are crossed that it will come on this drawdown. If it doesn’t then I expect we have another painful 2+ months in our near future. Now let’s take a look at a chart that I posted on Twitter (same screen name) on 6/11. It is cut off in the picture but the next arrow was straight down to $5,000. The top of that channel is serving as strong resistance and it isn’t alone. There is established horizontal resistance from $6,750 - $6,792 and we can see that it is significant when looking at the visible range volume profile on the daily chart. Building a short with a stop loss at $6,830 with a $5,000 target provides a nice risk:reward. However there are too many oversold indications on the higher time frames - such as the C-Clamps on the daily Ichimoku Cloud and the distance away from the 200 day MA . Now that the bullish indicators are starting to build you might be considering building a long. If so I would suggest using ½ of your position sizing due to betting against the trend and also entering in thirds upon the following confirmations: Red 9 on the weekly | Crossover on the 12 & 26 day EMA ’s | Golden cross on the 50 & 200 period MA’s on the daily chart. Be like a chess player, always thinking moves in advance and never being caught off guard! Thank you for reading! Have a question? Leave a comment! Smash the follow so that you don't miss out on future updates and remember that clicking the like is good karma!
BITSTAMP:BTCUSD
by Sawcruhteez
BTC - Birds Eye View / FractalsMy first publication on TV, some of you may know me and my privately shared charts, some of you may not, either way thanks for reading. This correction is looking eerily similar to the one that occured in 2014. RSI - looking at the level of support on RSI I believe we should have a bounce here similar to the 2014 fractal, this should take us to the top trendline of this downtrend in the 9k area before resuming our journey to the macro bottom trendline at 4k Stoch RSI - Stoch RSI is making a very similar W bottom shape, further supporting an incoming bounce CMF - unlike the 2013 correction, the Chaikin Money Flow indicator is racing towards the 0 line, similar to the 2014 correction, if the fractal is adhered to, then the bounce to 9k should result in a hesitation near the 0 area, before finally plunging below for the run to the bottom macro trend line. Elliot Waves, Rising Wedge - Macro trendlines seem to be painting a massive rising wedge, within this wedge there are 5 macro waves (A-E within the wedge, you could label these 1-5 if you wish, and you could start wave A in August 2013, with the 2012-2013 action making 1-5 waves with an ABC correction, but for this macro outlook I have left them out, as we end up with the same result at this point anyway). With regards to the B wave being a long complex bleed of a correction lasting almost 2 years, whilst this current wave D is set to complete most likely sometime this summer and is making a fairly simple zig zag pattern, this is in accordance to the Elliot Wave rule of alternation. Where does this leave us? I believe once we reach the bottom macro trend line at around 4k, we will have one more euphoric bull run within the wedge to make the E wave (or 5th wave), to meet the upper macro trend line one more time, one would have to watch the charts to see exactly where along the trend line it touches, but for now I could see this ending somewhere between 70 and 80k around 3/4 along the wedge, (controversial opinion incoming) at which point the bitcoin bubble may finally well and truly pop, we can run off with our gains and wait for the dust to clear to pick up the projects that survive and have real long term potential (the ones that arent shitcoins), think picking up stocks like AMZN in 2002 after the dot com bubble.
BITSTAMP:BTCUSD
by zooby
7
Jordan's long-awaited return. Complex correction, first Time.. Hi, everybody. In past ideas, we have received more than 30% profit. All this time I watched the market and also traded. I have to say caught a few stops. This situation is so new and amazing for me that I immediately overcame my laziness. Thank you guys for asking for personal messages, but I was also busy. Many traders in my closed group have seen my analyses since then. But I'll give you an announcement. I will make this group open and free for everyone. Only my tests will be published there. Analysis in TV there are a few to decrease. No signals and webinars, training there will not immediately tell you. I will open a group probably in a month. Successful trading. And by the way, about the analysis itself. I'll give you a gift and tell you right away. Join the long after the breakdown of the line X-X. in gratitude, you can subscribe to me and of course put likes
BITFINEX:BTCUSDLong
by Jordan_Mitchell
Bitcoin. Market's Setup. Bull trend Hey. In a closed group there were test signals for aggressive input. I also entered the pre-designated area. Now we are in the black and the stop can be moved to break-even. At the moment we have 2 scenarios. First we can say the traditional and this 2 scripts with the triangle. Regardless of the scenario, we enter long. In the first case is a breakout of the channel, in the second case, this is the entrance to the wave E or the break of the triangle. I also want to tell you about my interesting indicator called as "trend Cloud". Here are the cloud features in more detail: Support/resistance breakout, to indicate trend strength of support and resistance(the wider the cloud, the stronger the trend), the slope of the trend. The equilibrium price of the trend(when the price goes away from the cloud it comes to test it in 80%, my signals on the cloud algorithms are also well sometimes practiced, the state of uncertainty flat (when the price in the cloud is trading). Confirmation of the correction / trend when the price is trading below or above the cloud, the entries in the position and much more shows this my wonderful indicator. The indicator took me enough time, and if you are willing to use it, it will cost you a small amount of $ 10 per month. Put likes and subscribe, so you will give me motivation and fight with my laziness. All the best
BITMEX:BTCUSD.PLong
by Jordan_Mitchell