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Bitcoin - The YUGE bubble Some people believe that BTC is overvalued and some believe it's undervalued. The one who considers Bitcoin is overvalued is referring Bitcoin as a bubble but still want to buy it, whereas the one who considers Bitcoin is undervalued because it still has not reached the point of global adoption are the one who speculates the market. Whereas BTC chart is no different than others and every chart is different on each exchange. Honestly, only a strong person with patience can gain "Yuge" profit in the market basically from rumors and news. Obviously, it's all speculation before the market adoption. For cryptocurrency, Twitter is working as the primary source of information while 90% investor really doesn't understand blockchain and probably 30%-50% more or less never invested in stock market. Hopeless romantic : Myth: Macafee will make you rich or otherwise he will cut his crap? Really? Fact: There's no source of legit information, one Tweet from Macafee wouldn't make you rich. Technologically novice : Myth: Ethereum is better than Bitcoin? Fact: UTXO are the currency while Ethereum is a smart contract, both have a different purpose. Blame game : Myth: Futures are manipulating the market. Fact: They are hedging but still BTC contracts not worth more than just the Oil contracts. "That's how the market works" Accept it. The bubble is everywhere, we can't say BTC is in the bubble or cryptocurrency is the bubble. The Blockchain is promising technology but still need to prove itself. For now, let's play the " YUGE" speculation before we get the final product for the generation "Z". J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC) remarked, “It strikes me that we owe it to this generation to respect their enthusiasm about virtual currencies with a thoughtful and balanced response, not a dismissive one.” He did urge, however, that regulators “must crack down hard on those who try to abuse enthusiasm with fraud and manipulation.”
by fk91
CME futures tradings dates on chart.CME future trading launched 15. December 2017. BTC - February 2018 Bitcoin Futures - First Trade Date BTC - March 2018 Bitcoin Futures - First Trade Date BTC - June 2018 Bitcoin Futures - First Trade Date Just to see if CME futures tradings may have some impact on bitcoin price movements. For spectating purpose only! masterthecrypto.com Just a good read on the topic. How to read this chart: 1. Light blue lines are dates where trading positions are opened. ( don't know if they go long or short) 2. Purple lines are where the trading positions end. Example : BTC - May 2018 Bitcoin futures first trade date (26.Feb) = (meaning) Position is opened 26. Feb until May. Correct me if I am wrong and let me know what u think on the topic.
COINBASE:BTCUSD
by Bitpillow
Bitcoin Futures - Volume Analysis Prediction 2/16/2018Hi, friend. This is Bitcoin Futures (CME contract) analysis. I think we must to analyze it, because this instrument plays an important role of bitcoin priceformation on other exchanges. Also, the volumes on the Bitcoin Future is constantly growing and more institutional investors are entering the market. What we see now on BTC Futures? The price has reached important resistance levels - P O C of January contract and the lower level of previous balance (consolidation). If the price breaks out level 10250 and holds above next target will be 11150. On cryptoexchanges it would 11200. But I would rather wait for a rollback to the upper balance level 9100 or support zone (8700-9100). These levels are much better for opening buy positions. Trade recommendation (appropriate for cryptoexhanges): Entry point: 8700-9100 Stop: 8200 Target: 11150 Glossary of terms Point of Control (P O C) – The price level for the time period with the highest traded volume . Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion. Balance - Accumulation Area. F L - flat level. T L - trend level. Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
CME:BTCG2018Long
by mooncatcherpro
Gold Future (CME)Double Re-penetration Pattern. Trade setup with Buy Stop position (EP) at 1337.5, Stop Loss (SL) at 1333 and Take Profit (TP) at 1342. Money Management I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD. Position Sizing 1 Tick = $100 1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons) It is 4.5 Tick from EP to SL, with 1 Con, I will lose 4.5 * $100 = $450 To lose 1,140 USD I need to open 1,140 / 450 = 2.53 Con Then I will put 2 Contract If I win, I will gain (1342 - 1337.5) * $100 * 2 Con = $900
COMEX:GCJ2018Long
by SuppasitWechprasit
Gold Future (CME)Turtle Soup. Trade setup with Buy Stop position (EP) at 1336, Stop Loss (SL) at 1329 and Take Profit (TP) at 1350. Money Management I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD. Position Sizing 1 Tick = $100 1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons) It is 7 Tick from EP to SL, with 1 Con, I will lose 7 * $100 = $700 To lose 1,140 USD I need to open 1,140 / 700 = 1.62 Con Then I will put 1 Contract If I win, I will gain (1350 - 1336) * $100 * 1 Con = $1,400
COMEX:GCJ2018Long
by SuppasitWechprasit
GOLD FutureGold minor correction for uptrend. Trade setup with Buy Stop position (EP) at 1344, Stop Loss (SL) at 1329 and Take Profit (TP) at 1354. Money Management I have 20,800 USD in my portfolio. I can lose 10% of the port which is 2,080 USD. Position Sizing 1 Tick = $100 1 Contract size need IM = $3,850 (I can open not more than $20,800 / $3,850 = 5.40 Cons) It is 15 Tick from EP to SL, with 1 Con, I will lose 15 * $100 = $1,500 To lose 2,080 USD I need to open 2,080 / 1,500 = 1.38 Con Then I will put 1 Contract If I win, I will gain (1354 - 1344) * $100 * 1 Con = $1,000
COMEX:GC1!Long
by SuppasitWechprasit
GCJ2018Absorb Bear trend for Mega Bull trend. Minor correction. Trade setup with Buy Stop position (EP) at 1335, Stop Loss (SL) at 1320 and Take Profit (TP) at 1357. Money Management I have 20,800 USD in my portfolio. I can lose 10% of the port which is 2,080 USD. Position Sizing 1 Tick = $100 1 Contract size need IM = $3,850 (I can open not more than $20,800 / $3,850 = 5.40 Cons) It is 15 Tick from EP to SL, with 1 Con, I will lose 15 * $100 = $1,500 To lose 2,080 USD I need to open 2,080 / 1,500 = 1.38 Con Then I will put 1 Contract If I win, I will gain (1357 - 1335) * $100 * 1 Con = $2,200
COMEX:GCJ2018Long
by SuppasitWechprasit
ABCD Correction: CME Over-Exuberance & Fear of the UnknownDisclaimer: This is an opinion based on experience and analysis, meant only to add to your own formulated opinions, not give you a trade to take. There's been an incredible amount of fear surrounding the CBOE and CME futures contract, mostly because people don't really understand them. The first ride on the futures merry-go-round brought the price down instantly. So, the automatic knee-jerk reaction is that every contract will bring it down. Yet, it should be noted that their announcement brought the price up wildly. There has been gain and loss, so far. As expected. Swings seem to have caused the price action of Bitcoin to go so high that it forgot to retrace its previous price rise from around $8350. There have been other views which claim every bull run has retraced to close a price gap, (reference forthcoming). The only price gap I see still open is the aforementioned one at $8350. Using trend analysis, you can draw pretty clear lines leading to around $7550 as a compensation for the over-exuberance of the bull market due to the introduction of futures contracts. The first correction after the CME announcement was around 29-11-2017 and was declared 'over' at somewhere near 9135, however, it appears now that closing that gap from 8350 to 9135 is, in fact, 'in the cards', based on a trend analysis of the current downward movement. Savvy investors have pointed to an 8K prediction since that time, and it looks by all sings like we're getting it. And, on that note, let's be honest. Futures is just betting. There's no ownership of the asset, and the bets are private - meaning we (the retail consumers of Bitcoin) gain absolutely nothing from their existence, other than the opportunity to sell the news, and the abject terror when the market moves as a result of it (so far). Anyway, I assume the bounce from 7550 levels will be aggressively bought into. There is the (3xBearish) scenario that $7550 will be ignored and the price will drop further. Personally, if that DOES happen, I'm going to make the assumption that most of the Bitcoin in existence is in the hands of institutional traders, whether they be old whales or new. From there, I'd expect the price to be driven to $2999 and repurchased for another round of ponzi scheme trading in a few years. That would make Bitcoin worthless, for my needs. However, I DON'T think that is the case and will work off the assumption that $7550 will be the the absolute floor which is only touched once, as an unconscious psychological punishment for over-reaching $8350 after CME, CBOE & The Moon. From where it is today, at the bottom of the minor ascending support line (marked in red), could hold if enough volume comes in to push it above the resistance of the ABCD correction, though I personally doubt it. Overall, though, I think the future of Bitcoin will be bright. Whales aren't just idiots who bought bitcoin early. They're early adopters because they recognized value. That value still exists as long as you can transfer value outside of the banking system. Let's not forget how badly every bank has extorted the poor and needy, and how much distaste there actually is for them. They'll be on best behavior for as long as they can resist the temptation to nickel and dime us, but once it happens and the face of institutional extortion shows itself again, Bitcoin will go up. Thank you for reading. This has been my first published idea on Tradingview.
KRAKEN:BTCUSD
by HanktheTank
BTC possible big dip to 7000$ - 9000$ levelIf you watch the 1D chart for BTCUSD it looks like a big Pump & Dump (P&D) which lasted several months. It looks like most of the big dump already finished half it's way and there is a possibility it will dip between the 7000-9000 levels. Let's say 8000$ as average, but keep in mind a lot of fear will reveal it self when 9000 trend line is broken. Therefor support at 8000$ is crucial! Lastly not to forget is in 5 hours the Future market contracts will end. A big chance for a LONG run coming month. A small chance still exists Futures will go SHORT. In that case "So Help us God" ;)
BITFINEX:BTCUSD
by c4ndym4n
Bitcoin : Futures - are they affecting the spot market?Hi, I am not normally into conspiracy theories, but I am interested in any impact (if any) on the spot market from the CBOE and CME futures markets. I have marked the start and end of the 2 futures markets. There was a clear downtrend for the first CBOE duration and a clear up tick after if ended. Let's see what happens when the CME futures expire. Perhaps the futures market (being currently so small) doesn't have a direct effect but the impact may be set more in the minds and expectations of the market as a whole. Either way, the effect may be the same. Let's see.
BITSTAMP:BTCUSD
by darobsta
9
Jamie Dimon 2.0 - BitcoinSept 13th - Jamie Dimon makes a public statement that Bitcoin is a fraud. Price immediately plummeted 30% into the low $3000 range. Oct. 31st - CME Futures Annoucement Price rocketed ~220%; sending us to our current all time high just shy of $20k Nov. 17th - CME Futures Launch Immediate collapse of ~43% at the time this article is being written. This was all predicted in my CME Conspiracy Theory here: youtu.be Now the question is, where is support? Is $13,000 the new bottom? or are we heading to the next support at 10k? IF the daily closes above $13,000, I would expect a decent bounce none the less. If the $13,000 level fails, I will close all positions/orders and wait for the next support level. Which is appearing to be 10k atm. Additional possible support levels are also shown on the chart above IF history repeats itself and one of these two levels are truly the bottom. Is another 550% possible? Time will tell will story. Please trade carefully. note: I lost a great deal of money in this dip. I refused to follow my own technical analysis and it has cost me dearly. Let my lesson reflect onto you. Do not let emotions get in the way. You cannot make the market do what you want. You must be dynamic and react accordingly. I wish you all luck! DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BITSTAMP:BTCUSDLong
by oh92
15