BTC and BCH - The Race of 2018BTC 9k was broken, BCH has been galloping, past every resistance day after day, and where are we now?
We're pushing the redline way too hard. This is where we look to GREED getting the best of good traders. I am not suggesting pulling anything off the table, because this momentum is just astounding, however there is some real concerns here. It would be prudent to at least set some stop losses up, however most exchanges only provide USDT stop-limits and not stop-loses.
This has been an absolutely outstanding run, with BCH still outpacing BTC, but BTC has been getting some real pumps that end up pumping BCH. We've passed a 0.15 BTC/BCH ratio, which is a nice mental block. Next stop is the 0.2BTC/BCH and then we've got 2 outcomes - "The Flippening" and "The Flop"
"The Flippening" - BTC users continue to exchange BTC-> BCH and BCH becomes the more dominant bitcoin-fork.
"The Flop" - BTC users (probably using Tether) pull their earnings off of BTC, causing the value of BCH to crash and the reflex of BCH users to exchange back BCH->BTC, most likely causing a 0.1BTC/BCH ratio to return.
Right now, BTC(Core) still has substancial sway on the value of BCH. However, as AntMiner has been burning BCH, they may be attempting to stabilize the value by creating a "lost funds" vacuum to allow for the effects of BTC to be less evident while also making the remaining BCH more valuable. Bitcoin.com also has indicated that in May, BCH will be reintroducing OP codes and allowing for more innovation to occur. We will see if that happens though...
We're pushing the peak of the V.I(+) but V.I(-) doesn't want to stay this low for long either. We could see some violent volatility soon, but that's half the fun... Right? (Channeling Roger Ver)
RVI says we are good to go, we're not pushing up too hard, but again, that's most likely due to the fact that V.I.(-) is so low. I would call this a false-positive indicator for a sweet spot. Caution here with the interpretation.
Volume is just going up-up-up and its green for days on end. This is good news to counteract the false-positive RVI, however with high volume, we should start to see the bears try to scalp the market.
Also, remember, we're still technically in a bear market. Just because we've had an outstanding week, doesn't mean this is a signal for the end of the slump. Never invest more than you're prepared to lose. Legally, I must inform you I am not an adviser, and this is only a hobby. You make the trades, I just state what I see speculatively.
Crytpocurrency
Demand Still Holding On Bitcoin, Rally Coming?Added to my position a bit here as it looks like the strong weekly demand area mentioned in previous posts is going to hold.
If price breaks lower you can see there is a super nice looking MN demand, I would be prone to add quite a bit more to my position if we can get down there.
But, it seems like the headwinds may be clearing for crypto's all around, we could be setting up for very nice gains throughout the rest of the year :).
Currently bullish on crypto, gold, silver, oil and REIT's...
GAMEBTCLet's draw a happy triangle here for GAMEBTC. Like many other alts GAME is also waiting for BTC to join the game.
Bitcoin is forming a triangle consolidationHello my friends!! Let's get right to it.
As you can see, BTC is forming a triangle consolidation which is a bullish thing to see.
If BTC manages to break above the resistance line of the triangle, It will go even higher towards the next resistance line at 7500 dollar. But if btc breaks below the triangle, it will go down to the first resistance line at 6670.
Give it a like, some love and a follow.
Greetings, Krypton
4th Corrective wave?I anticipate more sideways action during the next upcoming days.
As you can see we landed a perfect 1:1 extension from the pivot of the 1-2.
While digging deeper into the current waves, i see a potential corrective pattern of a higher degree that what can be seen on H1-H4. I will post the chart in the comment.
If you have something different, feel free to post it as a comment, it's always enlightening to see alternative counts.
BTC down trend continues Hello everyone,
Update on BTC. we moved down killing the long term bull trend ( 1D chart, check my trading view ) now the trend is down for the time being so:
Short positions is what its all about!
I'd expect BTC to retest its resistance , when is difficult to say but I'd hope it happens before we go below 7.1K~6.85.
still in a down trend even if we retest the resistance, so don't cheer for a long position yet since that is risky in a down trend.
why:
-Ichimoku indicating down wards movement.
- TK cross
- Volume since wedge 1 and 2.
- EMA 125 indicating strong move down
- EMA 25 for price trend
- higher time frame trends
- EMA 125 extend from price ( yellow arrow )
So what to watch for:
- EMA 25 price trend shift
- Cloud rejection(/entry) ( possible )
- TK cross
- EMA 125 as strong resistance
- Volume spike ( yellow box )
TLDR: Watch for a move up to remove the EMA gap, rejection afterwards for down trend continuation.
as always,
Happy Hunting!
Bitcoin not reverse fractal buy ?Minor error. Just Discovered reverse Williams Fractal was not so because one of the arrows had been concealed behind one of the yellow triangles marking times when I had published a post. I have therefore removed the second blue coloured Fractal pattern, including the finger that was pointing upwards and the question mark. Market is seeing both Fib support and resistance. It has crossed one of my Bollinger trend lines but its the weekend and will have to observe if it holds because there was not much force behind it and looks more like it crossed while price was going sideways. I have put back the lower Bollinger trend line. The important thing is that for a good break the price has to cross decisively rather than cross a trend line because price has been going sideways. I may also add one later from the 15 minute chart.
Big Price Move After A Lot of Chop!ETHUSD has been choppy as of late on the 15 minute chart, but it's showing constructive signs this morning with a big price move above 610. Volume is also surging and the main trend is likely close to changing trend directions. All signs point to a reasonable entry with an initial stop that could be placed around 600 on the 15 minute chart. Best of luck!
*All ideas are for informational purposes only. They are never recommendations to buy or sell.*
BTC REPEATING FRACTALS?? BULL TRAP?? ARE WE GOING DOWN TO 6K??Hello TradingView familia!!
This is my first post so please take this with a grain of salt!
Can we be seeing a fractal repeating for BTC?? I don't think this bull run that we're currently seeing has enough gas to keep the fire going!!
I'm looking to buy around the ~$6.4-$6.2K region.
What do you guys think?? Can history repeat itself?? Give a like!!
$ETH - Have we found our trend line? #EthereumEthereum looks to be running on a steady "assumed" trend line.
Bullish scenario: Last point of contact point saw huge gains, same could apply here.
Bearish scenario: Head and Shoulders pattern confirmed. Downtrend to ~62 fib retracement before the bounce.
Quantamize Machine Learning Crypto Signal IOTA 3/7Quantamize proprietary Machine Learning algorithms have generated a 3-day "Don't Own" signal for IOTA as of 3/7.
We will be updating and producing more signals today and posting performance as well - stay tuned!
Quantamize's machine learning algorithms produce signals on over 25+ cryptocurrencies with accuracy rates above 60%.
Any updates to this 3-Day forecast will be shared, as signals are re-run daily.
We will be rolling out this product for 25+ cryptocurrencies as well as 4+ crypto portfolios in the coming weeks. Our website is in the signature below or check out our profile (or simply Google -0.13% us). We are collecting emails to update users when we release our suite of cryptocurrency products - - sign up to receive an alert when the cryptocurrency products are released.
EURUSD testing major resistance, potential reversal! EURUSD is testing major resistance at 1.2364 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance) where a possible reversal might happen. Price may fall to its 1st support at 1.2236 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pull back support). If it breaks past this level it could possibly fall to its next resistance at 1.2161 (100% Fibonacci extension , L T 61.8% Fibonacci retracement , horizontal swing low support). We have also identified another resistance at 1.2403 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastic (89, 5, 3) is approaching its resistance at 97.7% where a corresponding reversal could occur.