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Buythedip

Ethereum BOTTOMED? Ascending triangle? BUY THE DIPHey there, definitely leave a like and share this post to help it spread! Ethereum has seen a pretty steep pullback from its recent swing high to the 240s. We have very strong, bullish wicks on the daily timeframe forming now a second reversal candlestick. The 4h chart bottomed prematurely on a 9-Buy (TD-Sequential) and is sitting on green count currently. Also we have the possibilty for an ascending triangle on the smaller timeframes, which would coincide with the strong reversal candlesticks on the daily. It seems so far like Ethereum is leading Bitcoin in bullishness and is curently down more than 2 percent less than Bitcoin. Also bulls seem to be more eager in buying the lows on Ethereum than they are on Bitcoin. Although Ethereum is looking more bullish, a bull move without Bitcoin also gaining significantly in value is not what I would look for and would have me concerned. I would like to see Bitcoin see dip buying, along with ETH also gaining momentum to the upside. I drew some key levels on this chart, on which I had and still have my eyes if we do see further drops in the price. I would love Ethereum to move to 230ish, where not only strong structural support is sitting, but where also the 0.382 fibonacci is currently at. We have to wait and see though wether that will happen. Until then, follow me on YouTube if you don't want to miss out on further information: @ Enlightened Trading and subscribe to my instagram: @enlightened_trading_ for some funny memes and daily updates! Cheers, Konrad
COINBASE:ETHUSDLong
by EnlightenedTrading
S&P 500, ride the pg.SPX so strong since 2009, probably a number of reason why but the why doesn't really matter. Although the chart looks very extended it's too strong to short imo. This kind of chart tends to trigger a psychological bias in us that it 'must' be about to turn around. In reality it might not. Bad news doesn't seem to dent it so it's not immediately obvious what will turn the tables. Trying to guess at that and time a short is not a smart trade. Better to hold it if you have it, or buy dips along the trend line. If the trend line breaks, maybe time to reassess.
FX:SPX500
by BobVanders
1
BTC Rallying above the Daily 200 MAThis is BTC Technical Analysis. Current price is in the $7400 region, which is up around $400 since the day started and is currently rallying. The BTC price action has been in the low $7000 range, since around about the 23rd November (wicking down to around $6400 &, up to the $7800 levels at times). The current macro trend remains as a downwards since the "blow-off top" in June 2019 (from June's high of around $14,000, down to September's low of around $7400 & high of around $10,000; & December's new local low of around $6400). Due to the current range trending, Traders can wait for a breakout of the current ranging price action upwards, to reach for a turn of the trend, from trending-down to up; or a continuation of the past trend which is downwards. Signal to identify a turn of the trend from Downwards, range-trending to, Upwards trending. When the 20 Daily Simple Moving Average gets above the 200 Daily Simple Moving Average, and the Daily candle closes above the 20 MA which is above the 200 MA - This signifies that potentially stock could start to aim for higher highs and reveal going long opportunities for Traders! Signal to identify a continuation of the Downwards, range-trending to, continue trending Downwards. When the 20 MA gets rejected by the 200 MA (the 20 MA comes up to cross over on top of the 200 MA, but it instead remains below the 200 MA) - This signifies that trend is continuing the current micro trend within a range, or that the trend is continuing the current macro trend which is downwards towards the next SAR levels, and skilled Traders may be able find more shorting opportunities in a downwards trend. Even the most skilled Traders always stay out of trading when price is not trending, but is stuck within a range of SAR (except for some Scalping Traders!). Have a look at COINBASE:BTCUSD . Add the following Indicators to your chart: 20 Daily Simple Moving Average 200 Daily Simple Moving Average On the current Daily & 4 hour charts, are you able to see where; Any time the 20 MA (yellow line) is above the 200 MA (orange line) , price action has a bullish sentiment? And, where the 20 MA falls below the 200 MA, price has a more bearish sentiment? Of course, experienced Traders will like to delve further into analysis before executing their trades, however the information presented here may be useful for swing or position traders seeking to buy the 'Bitcoin Bottom' & helping traders to decide whether to buy long or short BTC. As a Trader I seek to go long in uptrends, go short in down trends & I tend not to Day Trade within price ranges except for when the Market signals a potential 'fair-play', for some scalping action on the shorter time-frame! A Daily close any-day now, above $7700 & $8000's region would signify to me an interesting point of a potential turn of the trend to the upside, & where I look to analyse further for confirmations and entry's for long plays! I'd be expecting rally's with that breakout, I'd play entry's close the 20 MA and take profits as price rally's away from the 20 MA before it snaps back & retraces, back towards the 20 Ma. In this case I will go further with TA nearer the time. Where there is no confirmation of a new potential Macro Trend break upwards, no confirmation Daily closes above key areas of resistance, i'd analyse to confirm that indeed the downtrend has continued or that we continue into the current trading range, waiting for a breakout confirmation again!
COINBASE:BTCUSD
by Gabe_MCB
GTRONIC, Consolidating After a Breakout; A Trend Begets a Trend?Bias: Short term consolidation (pennant), with moving averages (MA) in bullish formation. Stop-loss: 2.00 // This region is the breakout point of the previous resistance, as well as whole number psychology effect. 1st target: 2.27 // Previous high as minor resistance. 2nd target: 2.46 // Projected target from fibonacci extension as well as major resistance region. Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune! Guys, if you like the idea, please "like" it, this will be the best thanks. If you have any questions or trading ideas, please post them in comments! Thank you for your support, we appreciate it. We also offer coaching lessons, PM for details. Public Telegram Group: t.me Our Facebook Page: www.facebook.com
MYX:GTRONICLong
by ShareWorldConsulting
DSONIC, Another Potential Reload??Unlike KRONO which posted quarterly results almost a month ago, DSONIC's results could be coming soon, based on historical Q2 release dates between 24th to 30th Nov. Similarly, DSONIC 's price had also experienced technical correction, and the drop slowed as price approaches support zone. However, beware of #quarter_results_bomb which might cause volatilty in either direction. Bias: Short term bearish, yet moving averages (MA) in bullish formation. Potential entry around 2nd MA, as well as whole number psychological support. Stop-loss: 0.965 // Previous resistance zone could be new support. If this hypothetical support is broken, high chance of stronger bearish correction as 3rd MA is much further away. #QRBombWarning 1st target: 1.18 // Previous high as resistance. May have further bullish potential if resistance if broken. #breakout Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune! Guys, if you like the idea, please "like" it, this will be the best thanks. If you have any questions or trading ideas, please post them in comments! Thank you for your support, we appreciate it. We also offer coaching lessons, PM for details. Public Telegram Group : t.me Our Facebook Page: www.facebook.com
DLong
by ShareWorldConsulting
SERNKOU, Can It Deliver Another ATH?Bias: Bullish. Trading interest in SERNKOU has been increasing since early Aug as seen by the volume , and SERNKOU reached ATH of 0.980 exactly a month ago, on 4th Nov 2019. The correction following that had been so far healthy; there was a small rally after the price touched the medium period MA line. Now, the candlestick interaction with the key fibonacci level could be an oppurtunity. Stop-loss: 0.795 // The recent low point 0.800. 1st target: 0.980, 1.00 // Previous high as minor resistance, whole number resistance 2nd target: 0.520 // Historical resistance as major resistance. Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune! Guys, if you like the idea, please "like" it, this will be the best thanks. If you have any questions or trading ideas, please post them in comments! Thank you for your support, we appreciate it.
MYX:SERNKOULong
by ShareWorldConsulting
Bitcoin bullish scenario. Target - $12245Hi traders! Couple of days ago I posted bearish scenario. Time for bullish outlook for coming weeks ahead. After huge momentum to the upside we actually closed above the trendline which held well over 3 months. Now a re-test of weekly supply is very likely. Watch for that weekly close, do not rush into trades. Better to enter later once we get confirmation. :) Pay attention to the volume and where we bounced of. We have 89 Weekly EMA . It is the most significant moving average in bitcoin. If you take all history that's there and analyze the data, you'll agree with me on this. After analyzing the data, taking into consideration time - I'm more bullish than bearish as of right now. Some points to support my bullish bias: *In macro terms we are in wave V and 5th wave is the most verticle in crypto space. *0.618 fib was met with precision and we bounced hard from that level. We might not get lower than $7200. So our long entries should be located anywhere between $8600 & $8400 . ( Again, manage the risk according to your trading philosophy, less risky - wait for that weekly close and see what's next .) TP - $12240 SL - $7940 This is not a financial advise!
BITSTAMP:BTCUSDLong
by Patrikas10
Bitcoin Buy-The-Dip Bounce Trade OpportunityThere may be a Buy-The-Dip bounce trade opportunity from the Demand Zone. Condition: Strong price move upward in the Demand Zone and stay above it. If the resistance above (8200-8400) can be break through, this Demand Zone can be a medium term bottom. Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern Signals: 3 Blue Ribbons (Strong Support) in 42m -85m If Blue becomes Purple, the support is broken. I appreciate your like or comment. Welcome to share your idea here. PM the author for trial of "9 Seasons Rainbow Multi TimeFrames Pattern". DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
BITSTAMP:BTCUSDLong
by go8686
6
Bitcoin - Bakkt FLOPS & Hash Rate Crash - Part 4Bitcoin Breaks Down After weeks of indecision and what appeared to be a strong argument for $10K $BTC, bear pressure finally broke through the lines and took Bitcoin down hard. The carnage on the charts wasn’t limited to $BTC, however, as all the majors ($ETH, $XRP, $EOS, $XLM) took hits in the double-digits. The surprising and impossible to predict turn of events led to the crypto market looking more like a smoldering crater than an asset class with a bright future. Currently, $BTC is trading hands a shade over $8.1k while a select few majors, like $XRP and $ETH, appear poised to recover some of their losses. Bitcoin shed nearly $2,000 in value before the market had time to blink, leading market observers to seek answers.A flash crash of this magnitude hasn’t been seen in months. Given the relative stability of crypto’s leading digital asset across recent weeks, suspecting the involvement of concomitant factors is certainly warranted. While this week’s losses appear insufferable, they’re only the third-worst of the year. What we’re implying here is that on two other occasions in 2019, Bitcoin has taken a massive beating and recovered. Let’s take a look at what contributed to the market wreck this week. Bakkt FLOPS "Buy the Rumor, Sell the Fact!" There are a million ways to spin the Bakkt debut, but here is the reality. Bakkt flopped. Perhaps belly-flopped is more accurate here. What was a hotly anticipated date – Bakkt’s physically settled BTC futures debut – turned into a dud. It was kind of like finally lighting your favorite firework, watching the flame move down the fuse with indescribable excitement, then feeling speechless disappointment when the firework fails to go off. In its first 24-hours, Bakkt settled a mere 78 BTC futures which, ironically, settled October 2019 futures at below $10K. The immediate market takeaway from the hollow debut wasn’t too difficult to guess – big financial institutions aren’t all that interest in BTC. Or are they? We’re more inclined to think that the situation is a more simple than it seems. Institutions who are ready in the here and now to buy BTC can already do so using OTC exchanges. At this early stage in the crypto game, an institution willing to buy now is already adventurous and probably doesn’t need the Bakkt onramp. We’re not saying Bakkt is pointless, though. What the flop debut reveals is that even though mainstream institutions aren’t breaking down Bakkt’s door yet, they might do so down the line when BTC adoption and consciousness finds real legs. As a piece of infrastructure, Bakkt is incredibly important for crypto. The only thing is, it might be slightly ahead of its time. BTC Hash Rate Crash This is a quickly developing story that is still sans deep details, but here’s what we know! On September 23, the Bitcoin network hash rate plummeted 40% in what was one of the largest intraday hash rate drops in network history. The reasons behind the strange crash are still shrouded in mystery. A high hash rate means miner competition to validate blocks is healthy, which in turn makes the network more competitive and, thus, secure. An increasing hash rate is viewed as bullish, while the opposite is viewed as, well, bearish. Some have speculated that the hash rate crash was caused by a firmware upgrade to account for the network’s incoming difficulty increase. Jeff Brandt, a user posting to CoinTelegraph’s comments section, described his view of the situation: “The explanation is simple. The next diff increase in 2 days will push previous gen S9’s (roughly 50% of the network) below profitability. Last week an unrestricted firmware for S9’s was posted and every large farm operator is working at a feverish pace to get approximately 3 million machines updated. The new firmware has optimizations that squeeze the very last bit of efficiency out of the S9 lowering the watts/thash-sec from 96W to ~80W. Some machines can perform with no degradation to speed, while older machines must drop performance by ~30% to achieve the same results.” The Takeaway Three significant factors colluded to cloud the cryptocurrency market with a gloomy outlook. VanEck SolidX’s ETF withdrawal, a sudden hash rate crash, and Bakkt’s weak debut happened in nearly perfect unison, giving a sideways BTC the motives needed to break down. At this point, we’re watching and waiting for the carnage to slow. Technical analysis Another possibility is that we witnessed the conclusion of wave C in an ABCDE sequence. Meaning that 2 other ABC's will follow (and frustrate a lot of people) I wouldn't be surprised to see this happening in a falling wedge or something similar. Well keep you updated as this timely issue evolves. We go together Together we are stronger Share and like I am not Bearish long term. I am a Bull of Bulls. Thanks God bless you! =============================================================================== Twitter > twitter.com Telegram > t.me =============================================================================== CAUTION! DISCLAIMER Trading is risky. Here s a small explanation about why Im giving insight into my trades. Crypto is all about trust and transparency and that is what ID like to bring. Dont expect me to tell you how much crypto I actually own because thats none of your business. But I Will tell you how big my position will be in regard to my trading portfolio. Secondly and actually the main reason im doiing this, is to proof to all the HALTERS out there that you can earn money with trading crypto. Most people are skeptical about trading because they heard horror stories about people who lost all their money. Follow my journey and let me proof therm wrong. At the end of the day, the most important thing is how good are you at risk control. Booking some losses during trading is perfectly normal, so im not afraid to show those losses. Most traders dont give any insight in what they because they perfectly know they suck and dont have a clue what they are doing in regard to risk management. Risk comes from not knowing what you're doing. Just like every trader, Ive seen ups and downs in my journey. I started trading stocks. And you can guess what that meant for my portfolio. Yes thats right, it was almost completely wiped out. But I pressed on, learned a lot about technical analysis and here we are. I have experience in trading stocks, options, and commodities . So you can assume that I know how to deal with risks. =============================================================================== $BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO #altcoins #bitcointrading @btc ===============================================================================
BITMEX:XBTLong
by ferGOD
8
Enjin/Bitcoin MyLongTerm Forecast, important lessons for newbiesI'm watching Alt coin/Bitcoin charts from 2013 to 2019, i will tell you most important things what i learned from it. 1- You cant buy the exact bottoms or sell exact tops. 2- You cant buy right before breakouts. 3- Dont start accumulate before all the well known indicators shows you "its right time to buy" for example weekly EMA-MACD-RSI-OBV 4- Never buy all in any Alt coin. buy daily piece by piece 5- You should keep it mind. your belief will be tested. 6- Never keep your Coins on an Exchange more than 4-6 hours. be obsessed about your coin's security and always use cold wallet. 7- Dont wait EMA-MACD-RSI-OBV confirmation for taking profit. 8- Take your Profits when Bullish Momentum starts losing steam. sell hourly piece by piece 9- Dont be obsessed about selling at top, most of the time you will have another shot. 10- Dont buy back or atleast in same week you took your profit. Best indicator for top : When you really feel amazing about your gains, refreshing your portfolio every five minutes, you think you are very intelligent person and you cant wait to share what you have done with your loved ones; "VERY STRONG SELL" Good Luck
Long
by RobertTheNerd0