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Swing trade for Bitcoin (BTC1!) - 1-hour chartBitcoin futures managed to fid support above $60k before snapping a 4-day losing streak. Bullish momentum increased from GETTEX:64K , and the move lower since appears to be corrective in nature against the strong rally from $64k. A bullish outside / engulfing candle formed around the 50% retracement level and above Wednesday's daily TPO VAH time price opportunity, value area high). The bias is now for a move higher towards SWB:69K , with the potential for a move to $70k. At which point we'll seek evidence of a bearish reversal, given price action clues on the weekly and daily charts.
CME:BTC1!Long
by CityIndex
Degrees of BTC Know Your EnvironmentWhile crypto is an emerging technology sector as a whole, it is important to remember that BTC is a maturing 13-year-old asset. Using a logarithmic chart of Bitcoin going back to the beginning, it is not hard to see the perfect curvature of price action as it searches for its fair market value. Simple line tool measurements of the time vs. price increase of each bitcoin bull run show a stunning relationship of exactly 15 degrees of momentum loss from each exact bottom to the next exact high. This is a monthly Bitcoin all-time history bar chart. Using the line tool and magnet, simply draw a line from each low to the next high. Use the line tool options to display the stats on-screen with the angle. If you zoom in or out, the angles will change degrees but will always remain near exactly 15 degrees apart. We have adjusted this chart for the first bull run angle to 75% to make it easy to see the successive 15-degree change each run. Thankfully in this sequence there is one more 15 degree increment left meaning another run is most likely under way already. Looking at the logrithmic progression of the lows marked on the chart by the perfect red curve it would not be out of line to come down and tap it but breaking below it will happen some day and probably spell very bad news.
CRYPTO:BTCUSD
by Degen-Dynasty
2
Ripple - Genius Is Seeing What Other People Don'tI am a writer and full-time entrepreneur in addition to trading crypto. One of the benefits in following a market that never closes - is that huge chunks of time in between trades are mine to do what I want with. Many of my businesses require the occasional bout of "hands on" management - usually this doesn't take a lot of time and I am able to focus on both my love of writing and crypto. Ripple is a project I have been following from a very early stage. Many people have dismissed it as "just another bitcoin knockoff" which really does no justice to the project. Crypto has reached the point where direct involvement in a business such as starting your own crypto project - requires immense risk and funding. The easiest way to participate in Crypto as an individual investor is to buy the asset directly. Cloud mining and other forms of paid forms of coin accumulation is almost always a loosing proposition. Most financial advisers will dedicate 5% of a portfolio's value for higher risk investments. Ripple as a 17 billion dollar currency is no more risky than investing in mining or some other industry that experiences wild fluctuations. There is some possible downside - but the upside of investing in this new asset class before the rest of the world catches on - makes the reward well worth the risk. XRP is more or less following the pattern of BTC. BTC continues to move sideways in what is looking to either be a left shoulder or a possible double bottom. XRP has similar properties. When XRP picks a direction after we finish moving sideways - we are either retracing back to .43 before reversing - or we build a head after breaking through .50. People hate analysts who give them too many options. The advice is the same in both situations. If we move down its only a temporary situation before we move back to .50. If we hit .43 again - take another position. If we go right to .50 - wait for confirmation of the pattern before we can determine how to play things in the short term. Yesterday was a nice break from the bearish momentum we've seen lately. XRP need to break through .50 to move forward - lets hope BTC stops its sideways momentum, breaks through 6400 and moves to challenge 6800. If this happens we will see an >.50 XRP in the very near future. XRP is still a buy - there is lots of upside for this coin - especially considering it has a recognized project with actual merit. Short positions are not recommended during the weekend but especially with a chart like today - we can postulate that BTC will break the 6400 mark and we will head upward - but there is also a real possibility of the price continuing to be rejected and indirectly holding XRP down. I personally am still taking positions at this level. Genius sees what other's don't - weak hands are giving away their XRP "for a song" - if you came to the conclusion that XRP was a good investment 6 months ago - it should still be a great investment today. Many people seem to be abandoning ship - but just as we have seen in previous markets - many of these same people will end up piling back in when we enter our next bull run.
BITFINEX:XRPUSD
by rgeddes
Bitcoin Projections: A Point of Apex - How I'm Playing itHey Traders Missed my 7800 - 7900 by about 100$ ideally would have made me happier had we come down and seen a bigger jump, and its possilbe it may still play out with the elliot wave count in the 5th primary wave we are in, however, there are several other possibilites worth looking at playing out as well. To sum those up, we're at a point of APEX (critical point) that should force us to make a decision of breakout or rejection. Looking more towards a breakout my green boxes are my targest and entries (lower boxes being entries) higher one being targets. I prefer not to play breakouts but when I dont catch the bottom sometimes thats the only other option in order to get in. I prefer to wait for support after a breakout, but depending on the volume in it i have missed out on potential gains because of it. Better to always have a set of rules and stick to it then to not. Remember that. As always, this is not financial advice, just my opinion and how i"m planning on playing this apex point and what I can expect from bitcoin. If we break up on th wedg then we should be safe not to see lower lows until we rebound up to 9k in my personal opinion and charting. Please follow and like if you enjoy these charts. I have several other platforms you can follow me on under the crypto blend or crypto hippo on youtube. I cant post links in here so check them out. Best place to follow EVERYTHING crypto is my discord channel where I use a group of professionals to bring EVERYTHING crypto to one central location. Fastest growing crypto group in discord. Definitely check that out.
BITSTAMP:BTCUSD
by TheCryptoBlend
ETH/USD - WHAT DO WE NEED?• Current price of ETH is $797.00. • Resistance levels are lined up with fib retracement levels (both on macro and micro scales). • Ideal buy zone between $700 and $760. • Target sell #1: $1000 • Target sell #2: $1240 • Target sell #3: $1388 • MACD showing positive behavior on uptrend. As always, we recommend for every one to further expand their knowledge and do as much research as possible when investing. These are our own personal opinions and should be considered educational resources rather than financial advice. Good luck out there cryptonauts.
BITSTAMP:ETHUSD
by ZpaceBuddha
BTC, is the pullback over?????According my wave count, I believe primary wave has completed for BTC. The question now is whether or not a relatively shallow primary wave is complete, or will we see a more typical 50%-61.8% retracement in primary wave . On this chart, there is a bearish gartley hightlighted as well as an A=C target zone (see yellow rectangles). The key support line is the lime green line off the higher lows. As long as it holds, the bulls are in control. Should it break down, then get ready to see BTC on sale possibly below 10K
BITSTAMP:BTCUSD
by alphahorn