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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
BTCUSD:Facing CME Volume And A Bearish Formation. 20K Anyway?BTCUSD update: Minor retrace to the 18k level followed by a bullish pin bar off of a narrowing channel that points to an attempt at 20k. Now that both the CBOE and CME futures are in play, I anticipate more and more price noise in this market, and based on the current structure, a test of the psychological 20k level. As far as levels goes, not much has changed except for the 20300 upper boundary of the reversal zone generated by the structure of the 18k retrace. This zone is narrow and is worth noting because of the psychological effect of the 20K level. Will price break it? Based on the current bullish pin bar that is unfolding, price is likely to push through momentarily at least. Markets that intend to sell often reject major levels quickly, not form a pin bar within the lower boundary of a bullish trend line just under the resistance level. With that being said, there is a conflicting structure than may lead to a much broader correction soon after the 20k test and that is the bearish pennant formation which is made clear by the converging trend lines. These formations have been appearing frequently in these markets only to see price go higher, but that does not mean they should be ignored when they appear. As the trading day progresses, the CME futures volume should increase and have a stronger effect on the price action. Keep in mind futures contracts can easily be shorted which will compensate for the absence of selling that has been built into these markets thanks to regulation in the U.S. And if institutions decide to get short, they can afford to do it big, and with ease now that the CME offers a 5 coin contract compared to the one coiner over at the CBOE. So price is at a psychological resistance, gyrating around 18974 which is a 2.618 target (written about in previous report) and in the process of building a bearish pennant formation. Even though the overall trend is still bullish, these conflicting signs say three things to me: A broader short term correction is more likely, if you are long, lock in some profit, and do not take any new long swing trades at these levels. And as far as the alts, people keeping asking me what will happen if this market presents a more serious correction and the answer is: who knows. The relationship with the alts fluctuates wildly. One minute BTC sells while alts push dramatic new highs, and the next minute, they are all showing the similar price structures as they are at the moment. I don't rely on that relationship and instead evaluate the price action of each coin independently. In summary, it will be interesting to see how the CME affects this market now that professionals and institutions can get into the game safely and with size. As far as my plan goes, I am patiently waiting for a reasonable retrace to a projected support which is at the 14500 area. IF price retests that support, I will then evaluate for a bullish reversal. Otherwise I have no reason to take any action at this time. If the market can't meet my criteria, then I can't take any risk because the market doesn't control me, I control myself. That is what a trading plan is all about. Comments and questions welcome. Quick announcement: Tomorrow I am going to appear live on NASDAQ's Twitter broadcast. They are going to interview me about the coins. I will post the link in tomorrow's report so keep an eye out for it.
BITFINEX:BTCUSD
by MarcPMarkets
25
IOTA/USD Longer term Possebility.IOTA is one of the altcoins I have the most trust in. Right now lot's of people will not believe that it could go up again. Quite normal, everybody was calling XRP a shitcoin last week untill it went up and we all were ripplelovers. I've published another IOTA/BTC chart before. Now I feel that there could be two possible futures for IOTA and I can't decide which one it is. Last time I said IOTA would moon a few days after the CME listing of bitcoin. I'm not saying this won't happen, but because of the holydays most people will be spending time with the family and buying them gifts. Also the CME listing could have an effect that lasts multiple days on bitcoin, which results in alts not having a big chance to moon. Iota is still unknown for the real newbie crypto traders and once people know what it does and how the tech works, I feel like they will want to buy it. Nocoiners will be spamming bad things about BTC and a popular argument nowadays is quantumcomputing. Iota already is quantumproof, so people will trust this coin because of its advanced tech and long/good history. Hope you guys leave your opinion in the comments!
BITFINEX:IOTUSDLong
by Sellingdignity4btc
7
BTC - Short of a lifetimeOk so here is a possible situation.. BTC Is being pumped (parabolicly) buy big money investors until the launch of CME futures on the 17th Dec 2017. This is when they will open a short position on BTC and dump their holdings. FUD will start to spread and panic will set in. People will panic sell and the price will plummet to around $10k. *Please note* This is only a theory and is a high risk trade. If you are a long term holder it may be better to just hodl. Good luck! - phazednb
BITFINEX:BTCUSDShort
by phazednb
5
BTC Diamonds are Back!Once again have a near to perfect setup for an ABCD pattern! Therefore, IF 12,900 is truly the bottom of this leg, we should see a leg up to 15,000-15,500 none the less. IF BTC fails to break past 15,500 there is a very good chance BTC could turn into a 3 drive pattern. This could take us down into the 12,000 range before finding possible support. One thing to consider is that BTC Futures is just around the corner. Making this market very unpredictable especially at these record highs. We have been very blessed this last month, but every once in a while we come back in touch with reality. Winter is coming, the only question is when. I wish you all luck & please trade carefully! 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.
by oh92
1
Bitcoin futures disruption - a parabolic exit mirrorBTC on the daily (D) macro logarithmic with parabolic trend What we saw in the most recent move was an unprecedented bullish exit move of +45% out of a parabolic trend ! =BUYTHENEWS - CME/CBOE futures With the also unprecedented first time implementation of futures into crypto market itself it is entirely possible we could see a -45% mirror of this move to the downside =SELLTHENEWS And this: While keeping the major parabolic trend further intact (parabolic violation equalized) A significant down move at all receives credence on the futures' own -and totally new to crypto market- attribute of enabling REAL shorts over the underlying asset
BITFINEX:BTCUSDLong
by tdvuser177
BTC: penance and penantsGiven last night's pullback, and Asia's refusal to save it, we have a penant. BTC's favorite formation. I like to draw a horizontal at the mid point of its apex, then redraw the trend running up the spine of it, as a continuation of trend. I am drawing a pessimistic penant, assuming we're at a dip. It should hold like this, pure misery for days. Interesting how it will likely take until the CME future open to correct and resend the trend line. Somebody wants to pick up lots of discounted BTC beforehand... The CME open will simply mean plenty of new promises to buy it, and lots of corresponding volume. A lot of people are taking profits and acquiring lots of cheap BTC as we speak, it's just professionals in the markets work. I like 20K by mid month... not dreaming disclaimer This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation
COINBASE:BTCUSD
by mortonpeak
BTC in 12,600–15,500 USD by CME adoption (December 11th)Trend predictions based on current market conditions as of November 29th. Using a logarithmic y-axis scale. Strong growth channel #2 (light green parallel channel) indicates that the price of bitcoin will be in the range of 12,600–15,500 USD by December 10th–11th right around the time of adoption into bitcoin futures trading on the CME. The average price of that range falls on ~14,000 USD for nearing that date. This is assuming no massive sell offs, and following the current strong bullish market growth channel. Growth channel #1 as the baseline trend that is overlaid (darker green channel) suggests a similar maximum price range, around 13,000 USD, and an absolute minimum dip around 8,000 USD. This is a counter prediction to the assumption above, because this suggests that a big sell off is actually possible, though from what I've seen is unlikely. It would likely rebound shortly after anyway back to the >10k range after the CME adoption. In short, this gives predictions for the price of bitcoin on December 10th-11th at between 12,600 and 15,500 USD. With a broader range of 8,000 to 15,500 at 95% confidence.
BITSTAMP:BTCUSDShort
by copa1079
Trapped traders - how to use the commitments of traders report Before reading this I want people to understand that this kind of trade doesn't always work (NO TRADING SYSTEM DOES) so if this single trade doesn't work, don't lose confidence in the technique - it has served me extremely well and I have used it many times before. Both for USDJPY (2 ideas) and USDCAD (1 idea) - you can find these ideas on my page. Links to those ideas (UCAD was positioning hugely long) You can find the commitments of traders report on this page (www.cmegroup.com) every Friday. It reflects the current positions of forex futures traders in Chicago's Mercantile Exchange on the Tuesday of that week. You want to see the "leveraged" positions - these are CTAs and hedge funds - the people like you and me that are speculating on these prices with the objective of making returns; usually with leverage. This is last Friday's report for AUDUSD. prnt.sc Note how Long (blue) positions have been rising. On 18/7 the net position was 45k LONG, on 8/8 the net position is 75k LONG. So between these two dates, we know that 30,000 long positions were opened. The price on 18/7 was 0.7916 and on 8/8 it was 0.7911. Those positions were therefore opened above 0.7900. The current price is 0.7820 and that means that all of those positions are experiencing a draw down of AT LEAST 80 pips (>1%). They are trapped traders. If price continues to move down, at some point those people are going to get out of those longs because the draw down will be too much for them to take. Getting out of a long = going short => price moving down = move people have to exit their longs = going short => price moving down etc. So just go short and you can benefit from this.
Education
by TraderVoe
1
Short term target 46, upsloping trend lineBroke out of uptrend with high volume. CFTC showed specs were long, so there is plenty of room to the downside. Spreads have been weak and option volatility was low before breakout. As it broke to the downside, longs scrambled to protect with an downside puts and panic left option vol to increase by over 6 points. On the downside, i am looking into the trendline around 46ish. I would expect a breather there. if it holds, great, but production in the US is up. Only an agreement between Russia and the OPEc on production cuts could truly turn this around.
NYMEX:CL1!Short
by mjhillpp
2
Crude target of 52 almost achievedCrude is nearing the target of 52 after the breakout of the triangle after the OPEC meeting a couple weeks ago. RSI and Stochastik are now very much overbought and even generated some sell signals. Also, as of now, there is a divergence in stochastik and RSI indicating the market is due for a correction sideways or lower. Without any fundamental news a correction is imminent. However this correction might well be sideways. Overall physical trading volume has slowed according to my sources after the panic buying spree shortly following the OPEC meeting. Overall we are in an uptrend, and I would expect we ll at least test the highs made earlier this year around 52. Some light call spread selling might be good, but IMHO being conservative is the right play. No buying of downside options as that premium will just decay.
TVC:USOIL
by mjhillpp