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Consensus2018

Post consensus downtrendA little late with publishing this TA but is still fully ongoing It seems that most expected an immediate bounce after the Consensus Summit 2018 but this didn't happen, e From a fundamental stanpoint there are mostly good news but we lack volume and big investors Some hours ago price broke a daily support @8240, entered in a bearish scenario and confirming the falling wedge that could bring down to 7700-7300$ price level If we take a look at the weekly chart, price could touch the 50 SMA around 7700$ with a short spike down to 73xx$ where a weekly support is present In that case we could have a possible oversold on the daily chart and reach the 0.768fib, a strong point for leading to an accumulation/lateralization phase and then a change of trend A price lower than 0.768fib should anyway cause some concern and we'll have to look carefully at the triangle bottom trendline and watch for some panic action. A good time for placing positions but using small allocations at least until a strong long signal is identified!
BITFINEX:BTCUSDShort
by Horrorcoder
Is There Any Fresh Money coming in? #consensus2018, Reversal?This is the bounce we are most waiting for. I see many bull divergence from some of time frames such as 30 min, 1hour and 4 hour. In addition, i see that we will break this falling wedge. The bull scenario: The thing is, we need to close above the red line 50-MA (recent support) around 8300 for daily candle today. If it happens, we will see a tweezer bottom, and thats good for the bulls. The other resistance is seen around 8400-8450 build upon the falling green line, if we break it, we will likely to test the next resistance 0.382 - 0.5 base on fibb, and thats around 8800 USD. And, if we break this big resistance, i will be verry bullish for the next move. The bear scenario: The bear scenario is simpler. If we fail to break the red line 50-MA, we will back to test the support at 7900 USD.
BITFINEX:BTCUSD
by bags467
BTC - if they say to you moon, you will have to wait. Fractalization. IF and IF we follow this fractal this what gonna happen. We may have some last consensus manipulation and get to retest 88ish again and maybe a little over it, as our recent bear flag allows us to lift next time more than 88. This will load up some extra longs to fuel our next downward movement. Which will give us some fuel to finish bear flag and dump it to the pretty important level of 76ish one that has been sup/res a lot of times already. Of course, we bounce from there to test 82-83 that turned to support. after this, we will go further down to retest lower bottom of the big triangle channel formed by last 2 fractals. that is around 7k. All this will be a perfect end of the local distribution and we can accumulate again and go further up.
BITFINEX:BTCUSDShort
by TradingRange
4
BTC Trapped in 50 and 100 MA on 1D!The new candle on 1 day chart had just formed as we just close the day per UTC. The new candle is bearish engulfing candle that embody 2 previous candles and it just makes the pattern looks like three falling pattern. As we see, the pullback as the over sold on 4hour has make a channel that ready to break down. The channel on 1D chart formed from 50 MA and 100 MA. I think we need to hold the above 50 MA to make sure that we still on the bull market. In addition, the hidden bearish divergence on very big channel scares me. Before, i didn't see it as hidden bearish divergence because we break very hard resistance from All Time High, but now, in 3 previous days i don't see the way that we back to the bull track even when the consensus 2018 is being held. And, i don't see the consensus bring fresh money yet till the 2nd day. Be safe guys! I hope this can help you to consider your position :) Dont forget to follow my twitter @bagusEmeraldo!
BITFINEX:BTCUSDShort
by bags467
Polymath Doing It's Thing (Bullish Channel) - Consensus 2018 Pretty self-explanatory chart. However if you still need breakdown, here you go! No sign of reversal here. I expect it to either continue on its current bullish trend, or breakout to new and unexplored highs. RSI is overbought. MACD is showing a bearish divergence (but well within the confines of what's normal). Current retracement will hit bottom of channel (support) in what is labeled as the BUY ZONE. It coincides with 23.6 % fib retracement level as well as EMA55 which has been acting as support since mid-April. That's where I'm going LONG. My first target will be what I've labeled as SELL ZONE. For more info don't hesitate to contact me on here or on twitter and drop me a line or two. I'll try to help out whenever I can. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice*** 
P
by ZpaceBuddha
1
Consensus Bullrun? Bitcoin still caught in long-term retracementHey fellow traders, While trying to make sense of the bitcoin movements of the past weeks, I find that the fib retracement levels from last years latest bullrun still control much of the movements. Pretty much every high, every low and every sideways movement of the past few months is connected to a fib retracement level of this bullrun. Our latest struggle has been the 0.618 fib level, which we failed to break convincingly last time. Bitcoin dropped down, finding support at the 50 day MA, and is currently trying to gather momentum to break through again. This time, however, we have the additional support of the Consensus 2018 event. In the past few years this event has consistently provided enough new energy and hype to propel the market significantly upwards, so I feel there is a good chance that we can use this energy to break through the 0.618 fib, and start hunting for the 0.5 fib which killed the previous attempt at a new run! On the other hand, if we fail to convincingly break the 0.618 again, we should expect Bitcoin to drop down hard to well below 8k, and possibly towards new lows. Bullish scenario (70%): Bitcoin touches 10k, falls back down to ~9.4k, finds support there, and then breaks 10k Bearish scenario (30%): Bitcoin hits ~9.4k, fails to break through and falls back down below 9k
BITFINEX:BTCUSDLong
by iVonomics
BITCOIN BUY!!!!!Tenkensen and kejinsun are both under price action creating a tk crossover in a bullish move up all indicators are aligned saying the bull run is about to start as the bulls and the bears take the battle inside the cloud with the bulls having a strong push up Tline and K line both pointing in an angle up as both are tight together under price action if our first candle closing above the cloud is green along with a tk cross over were going up .......this is do to consensus!!! BUY!!! BUY BUY!!!!
COINBASE:BTCUSDLong
by Jabermonster88
Waves big potential now! another coin on Consensus... Hi 14-16.May is big event Consensus 2018, today few coins, which have some talk on this events go up fast, so in wednesday is there few coins with big potential for grow up. Waves last months grow up from 54000sat to 76000sat, now is possible another big impulse in Consensus. Ichimoku confirm big uptrend, break cloud, and conversion line and based line turn trend Stochastic looks great Volume is good My target is about 90000sat Thanks for comments, likes and follow. I appreciate it
Long
by Laiky
Don't get caught holding the bags BTC continues to go as planned. We are creating an equilibrium pattern currently, expecting some volume to flow in and to see a break out here shortly. Continue to move your stop losses up as the price moves up. DON'T get caught holding the bag, because when we drop, we are going to drop fast! Hope to see you on the moon Disclaimer: I am not a financial advisor, simply a person sharing their ideas with the community. If you found this chart useful please give me a like. Have a great Monday!
COINBASE:BTCUSDLong
by zerotozeros12
3