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Cyrpto

Bitcoin on Sale! Adding to my long term stash.Nothing much has changed since my previous post on the dollar cost average, DCA, strategy for accumulating BTC. I've adjusted the green and yellow boxes a bit, and adjusted the Fib levels a hair. But, my simple long term strategy (many years out) is to buy 5.00 worth BTC every day, regardless of price, when it is within the yellow box. IF price goes into the green box, I will purchase 10.00 every day, regardless of price. If it drops below the green box... well, then all bets are off, and I"m loading up! In past comparisons, my performance and return on investment, ROI, is much better using a DCA strategy vs swing and day trading. It is a very simple strategy for me to use, doesn't take much time, and doesn't require lots of screen time. Its not sexy and requires a mature level of patience, as compared to trading. I still trade swings, and occasionally day trade, but this is my bread and butter play. Long term I'm super bullish, and can easily imagine BTC going into the 6 figure values. Wide spread adoption of crypto appears to be happening slowly, and geo-political and economic circumstances seem poised to raise BTCUSD value, but in the end I believe it is the market makers who ultimately control price. I hope you find this to be of some value, but please don't use this as any kind of financial advice. Happy Holidays!
COINBASE:BTCUSDLong
by dsteaves
Are you selling the bottom of ICP?I just wanted to share this ascending channel with the community. I have been following ICP very closely for the last few months and have noticed that the logarithmic lines of support and resistance inside this ascending channel have played off pretty well. As long as we remain in a bull market I do believe we will reach $158 at minimum by the end of December. My price target however is between $250-300 in the event of a FOMO driven blow off top.
COINBASE:ICPUSDLong
by CryptoNCoffee
9
BTC 4th Wave Done, Working on Its 2nd Wave of the Last Leg upBefore today's super bullish BTC sentiment, many people, including me believed there would be another leg down to complete an A-B-C correction to finish the 4th wave, and we were all targeting around $20,000 area. We believed in that not only because the overall bearish view on the stock market/global economy, but also the 5-3-5 golden rule in Elliot Wave, where we were still aiming another 5 waves down following the pullback to $53,000 on September 6th. However, clearly that's not the case, after today. We have broken above and stayed well above that $53,000 pullback or 0.65 fib-retracement resistance from the all-time-high at $65,000 to the low at $29,000. Theoretically speaking, as long as the rise stays below $65,000, it's still possible to complete that 5-3-5 correction rule for the 4th wave, then BTC can shoot up for the 5th or the final leg up. But with the extremely bullish sentiment for the past few days, especially while the stock market and traditional investments suffered for various reasons, we can at least say BTC looks very confident to reach back to its all-time-high again. Thus, I believe the 4th wave is finished at $29,000, and we are currently working on the 5th wave. Currently from the chart, seems like we have finished our 1st wave of the final leg up around $56,000, maybe there will be another small push to $57,000, maybe not. But seems like the 2nd wave pull-back is coming up, especially when the Chinese market has been closed for its national holidays, the pullback could happen when its market reopens. With the fib-retracement from the top to the bottom, the entry point should be around $46,000 to $48,000, at 0.5 to 0.65 Fibonacci points. If BTC can hold strong at that level and no catastrophic news by end of this week, then this scenario seems to have a pretty high probability to play out.
INDEX:BTCUSDLong
by BoilderRoomColdCaller
6
DeGRAM | BTCUSD long from levelBitcoin cannot fall below 42850, it is clear that someone is supporting it from below and there is no strong reaction to all the negative news for the cryptocurrency. The price continues to be redeemed and I wait until the price enters the boundaries of accumulation and from the level of 44000 I wait for the growth to the upper boundary of the flat. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
BITSTAMP:BTCUSDLong
by DeGRAM
LINK Long Term Idea - Personal FaveLINK Long Term Idea - Personal Fave - Lovely three wick rejection on the support which can only mean Bull season! The support remains strong at 13/14 and the immediate bounce back to bull can only mean we're going to 70's and above! Confirmations include S&R, EMA, Fib, Price Action, Trendline & Wick rejections. As always I only trade with a minimum of 5 confluences. Please like, share and comment - I am always happy to meet likeminded traders - Please check out my previous ideas. Thanks
COINBASE:LINKUSDLong
by TraderPaps
BTC to repeat its self?So it would appear by this simple and practically irrelevant lines that sometimes work and other times don't. As we can see by my relatively poorly drawn imaginary lines BTC has formed a simmilar pattern each time we have broken down lower. Now. Im by no means suggesting that this is any form of advice this is meerly a personal perspective I've whipped together over a cup of coffee . Now most people say that TA doesnt work in crypto and i can see and understand that perspective in most cryptos, but TA is a tool to find good physiological levels in which people will be looking at for entries. TA doesnt work in low volume markets unless you are looking at market cycles and possible fractals which is understandable. How ever the king of crypto has held the most volume pretty much consecutively since these markets began. Mainly due to the fact that its the largest and most well know, also granted that most other alts have a pair to trade against BTC. Therefor i belive that TA will work well (not perfectly) with BTC generaly due to how many people day trade BTC (not the best idea unless your a super fucking pro with balls of titanium). Im only opening my perspective to the public to share an oppinon. I know that bears will be jizzing on this chart. I AM SUPER BULLISH ON BTC. I dont think that mcafee will have to eat his dick beacuse i belive that his target could very will be reached, well maybe his first target (500k). Again let me reiterate this not a sure thing and i hope to fucking jeebus that this doesnt happen. But prepare your anus for every eventuality. Red lines on chart = resistance Green lines on chart = Support Horizontal lines i have found by identifying support or resistance by looking left Notice the similarity in the rsi before each drop. Pendants are getting smaller so this could be a good sign of a turn around, if we have a daily close above the red resistance line on the last pendant i would be happy to assume a trend turn around with more confirmations i.e candles. but obviously a break lower would confirm a further downward movement. a good short oppurtunity. (IDGAF If my spelling is off so you shouldn't ether) SPACEBOUND BITCHEZ
BITFINEX:BTCUSD
by SpaceB0und
LUNA -USDT 🌓🌔 nearing the end of it's descending wedgeHello traders and investors! Here we see LUNA-USDT coming to the end of its wedge, here we will either see it break above our lines depicted above, and create support as it moves onto our fib based extension targets, or it will break down from our support rectangle depicted above. This is a short post, let's wait and see what happens to LUNA for it's next impulsive move!!! Would love to know what YOU think about this decentralized currency mined to support TERRA blockchain😃🌚 🛑🛑THIS IS NOT FINANCIAL ADVICE🛑🛑 Always watch BTC as it has ~50% dominance at any given time recently, any sudden drop in BTC could greatly affect this token, always have a stop loss set for your safety Trade on !! Jazerbay 💗
Long
by jazerbay
19