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BTC Entering AugustNot financial advise, entertainment purposes only, my opinon~~~ Don't think I need to go into heavy deets here, coming to the end of my cycle prediction on the low end, 3rd retest of fib support, then we need to crack the 12.3k resistance, probably two more tries in quick succession. Next target is around $15,570 before retrace to $12.3k support/fib line. Failure there, 30% correction to 10,899 for a choppy September. Small possibility of hitting $21-22k in August could easily race off to $45k, or sink back to ~$5k if the parabola breaks. The more steadily we can get there, the less harsh corrections/bubble bursts like that should be. Retests of ATH possible in August, new ATH November. Worst case- giant bull trap and going back to $1k :(
COINBASE:BTCUSDLong
by MakeAManOuttaU
MATIC vs BTC: Breakout or Bull Trap?Blah Blah Blah MY opINioN, enterTAINment ONLY, not financial ADvise. If we get back to the 200s, I'm getting out for my break even. Thought it was bottoming out there, but continued to fall to the next fib. Are we at the end of a correction wave or wave 4 of reverse impulse elliot? If we break past next resistance fib and crack the .5, we may have a chance of seeing the .618 or ATH. Really isn't enough history with this coin to know. Not even bothering with a stop loss because I don't have much into it and IF IT DIES, IT DIES.
MShort
by MakeAManOuttaU
BTC: Might have Completed a Growth PhaseBitcoin has completed a couple cycles around the it's Square in price. The time counts also have been accurate with 1-2 days. Right now both the price growth spiral and the time count of 36 days (SQ144) have met at a perfect nexus. It looks like we've completed a cube perfectly in Price and Time. While I say short, this doesn't mean short yet . We've had the ending of a price and a time cycle but there has not yet been real confirmation. I mostly trade off lower low into lower high entry, you need to see the market prove that it's rotating and that new counter motion has begun. If we close above 91, there could be a bigger growth spiral in play. So with that said, the market is at it's peak right where Price and Time have balanced. This is a junction point where reversals can occur unless new energy is added into the system
BITFINEX:BTCUSDShort
by 1877
$BTC 31mar @cryptoKnee notes and channel watchSo BTC, Vol is meh weekly and monthly close Monthly candle has not closed in the range showed , 4100ish, since DEC...Weekly the last time the weekly had a higher close was in DEC possible coming up to some local resistance, based off 2 touch, so we will see. 4hr, still grinding that median line, may need a retainer..1hr, last update I posted that a LH was in, I was wrong and now we are nearing the last LH, for sure its a LH...Pretty sure..its been putting in many HL
BITFINEX:BTCUSD
by CryptoKnee
Litecoin halving 2019What Halving means? Halving is a term common among cryptocurrency miners – the process sees the reduction of mining rewards of cryptocurrencies slashed by 50%. The halving is the event, the moment when the mining reward is divided by 2, is commonly called "halving". Other denominations are used: "reward drop", "reward halving", or simply "the halving" or "the Halvening" which is a popular meme among bitcoiners. Litecoin Mining Reward Litecoin which runs on the same base code as Bitcoin halves its block mining reward every 840000 blocks or roughly every four years. The next halving of the Litecoin network is expected to take place on August 09, 2019 (ETA). We are going to see the second halving that will bring the coin reward down to 12.5 coins from the current reward of 25 coins. Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks). The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin. Below are the statistics miners need to keep in mind before the next halving (18th December 2018) Total Litecoins in circulation: 59,633,375 Total Litecoins to ever be produced: 84,000,000 Percentage of total Litecoins mined: 70.99% Total Litecoins left to mine: 24,366,625 Total Litecoins left to mine until next blockhalf: 3,366,625 Litecoin price (USD): $28.94 Market capitalization (USD): $1,725,783,909.16 Litecoins generated per day: 14,400 Reward-Drop ETA date: 09 Aug 2019 01:52:31 If you want to keep track of when exactly the Litecoin block reward halving will occur and its economic effects you can follow this idea that it will be updated regularly.
BITFINEX:LTCUSD
by anibalsantaella
1
Bitcoin: Relief or continued crash?At the beginning of the this week I still looking for some relief if we could keep above the 4100 area. That failed hopelessly, as we closed below the inside bar range that was signalled by the green reversal bar. I closed my short around 4000 (which was perhaps premature, but at that time I assessed the upside risk to be larger than the downside risk. View prior posts to see why I thought so.), I also did not re-enter from the indicators re-entry signal (the red triangle) because of the same reasons. Here I’m proven wrong, but that’s ok, I’d rather be wrong by not entering a trade than be wrong when entering a trade.. My outlook at the moment is that it is still safer to be on the sidelines than it is to be in the market. Trading short I feel is very dangerous at this point, as we are close to long term support (and the 200 week (and 50 month) MA). The chances of breaking that support directly after breaking the 6000 support are not something I’m willing to trade. Let’s move to the charts to get a better understanding of where we are, what the next couple of days may bring, and most importantly: if that is something I can trade. Weekly This weeks candle does not look good. The indicator signalled last weeks candle to be a possible reversal bar (bar coloured green), but as this weeks candle trades below last weeks low that signal becomes invalid. We still have a few days before this weeks candle closes, and technically I need a close below the lows of the reversal bar to invalidate the signal, so I’ll have to wait until Sundays close before the weekly chart can give me any more clarity. We are coming down to the 3200-3000 range, where we’ll meet the 200 week MA, which if it will possible (hopefully?) hold as support will perhaps cause a relief rally. Nothing but ifs and maybes here on the weekly chart, and ifs and maybes lead to hopes-and-prayers trades, and hopes-and-prayers trades make me very unhappy. Daily On the daily chart we can see a clean break of the IBR derived from the green reversal bar (and reversal tab) signal, which invalidates the countertrend signal. We have a strong (orange) overextension signal on todays candle, and the body and wick are completely below the 3 period EMA. These are all signs of a very overextended market, but that doesnt’ necessarily mean that the market is going to reverse (now). Todays candle is shaping up to be a doji/hammer candle, but we’ll have to wait for that to close for me to take any serious signal off it. There’s a good amount of distance between price and the trend line which again cause me to believe that the 3000 area support won’t break right now. We have an overextend market near support, not at support, but near it. And this makes it hard to interpret any signals in a clean manner. We may go down to support, but that may not happen in the coming weeks. We can bounce from here into a relief rally, or range here for a while before the market decides on a direction. The daily chart does not really provide more clarity on what the market is about to do, apart from displaying conditions of overextension. Let’s go bit deeper on the lower timeframes 12HR A quick look at the 12 HR chart, as it sometimes gives a bit more information than the daily chart. Here I’ve circled the green reversal tabs that the indicator prints, and on the 12HR chart you can see that these at least signalled some kind of relief from the drop. The indicator also shows me the same overextension as the daily chart: weak (purple signal), but entire candle is below the 3EMA. If this candle prints a green reversal bar signal, the break of the upper wick of the candle could signal a relief rally from here. But again, if if if.. This candle closes in 10 hours, and a lot can happen in 10 HRs, so there’s no tradable setup here. However, more signs point to relief from the drop than to a further crash. 4HR The 4HR chart lines up with the higher timeframes, showing overextension and possible reversal. wh Trading the 4HR chart on this indicator you should consider taking profit from the short you entered at 3740 or lowering you stop to the top of the reversal bar signal at 3420. Taking a countertrend trade here is possible, but risky as we’re not at support but near it. The setup would be off the orange overextension signal, green reversal bar and doji candle. The trigger would be if we break 3421, and then profit taking would be around 3670, or from bearish signals from the indicator. Placing the stop is tricky here, you could go for swing low (so around 3200), or below the LTS which would be around 2900. This makes the trade very risky, and if I were to take it (which I am not) I would play it with a liquidation around 3200. Not a stop, because I don’t want my stop to trigger there but only get filled at 3000, but a full liquidation. Also, a very small risked position size compared to the amount I risk on a trend trade. I won’t trade this because we are not a level of support (to me). If I would have seen the same thing happen at 3200 or 3000, I would defiantly trade the countertrend, because the signals give a a reaction from a level. And that is one of the requirements for me to enter a trade, according to the strategy. Signals aren’t enough, I need signals at levels for me to consider a setup. 1HR The 1HR chart again agrees with the higher timeframes. Overextension signals, reversal bar, and reversal candlestick all point to overextension. If you’re trading this indicator on the 1HR chart and decided to take the countretrtrend, you’d be triggered into a long now. A move towards the 3500 area does look likely here, or perhaps we may just linger around the 3300 for a while. You should only take this countertrend trade if, according to your analysis, 3300 is an important level of support. Conclusion All timeframes indicate an overextended market, but as we’re not a key level of support in my opinion, I can’t take a countertrend trade off any of the signals. If we reach down to 3000 and find signals there I will definitely look to go long. I think 3200-3000 is also the area where price will go, but I think that will probably not happen today or tomorrow. The lower timeframes may need to create some breathing room before price goes down again. My goal is not to look for an entry into every move bitcoin makes, but finding safe entries into high probability moves that will make you profitable in the long run. At the moment it too uncertain for me to forecast what will happen next. I don’t see 3000 breaking just yet, but it may take a while before we even get there. The safe place now is on the sideline, no point in risking the profit I took from the short. Shorts here should consider taking profit and tightening the stop, but going long here is too risky for me. If you enjoy these setups and analysis please like and subscribe. It’s the easiest way to support my work and get spread this content further :) If you want to tryout the indicator and strategy, follow me and drop a comment or pm and I’ll get you set up. Stay calm, and happy trading! More information on the indicator can be found below:
BITSTAMP:BTCUSD
by DariusZen
How to buy or sell Litecoin for Profit!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY 5 Litecoin Order Types Order Types a) Market order A market order is considered as a buying and selling order, which should be executed based on the current market prices. Market orders are utilised when execution certainty is prioritised by investors on the execution of price. Investor produces market orders by using brokerage service. b) Stop order/loss 1. The investor places a market order for the selling of any LITECOIN at a certain price level determined by the investor. This can enable the investors to limit the generation of loss in their investments or a security. The stop-loss order also instructs the broker to buy the security at a price defined by the investor. 2. For instance, if the investor buys the security at a price of $40, he may order the broker when it price comes to $45, this can enable the investors to avoid of loss as a result of decreased prices. c) Limit order A limit order determines a specified price level or even better prices to the broker, so as to buy or sell the currency within the price limits specified. Lower prices limits are determined in a buy limit order, which needs to be executed when the price gets lower. Conversely, higher price limits are provided in a sell limit order. However, this does not provide a guaranteed order for execution as the price limits are not defined, exactly. d) Buy stop order 1. This order is used in buying a security when the prices increase as compared with the level of current price offering. The order is triggered when the price of a Litecoin touches or goes beyond the price limit provided in the order. 2. The order can be accomplished automatically and this can enable the investors to generate profit when the prices go upward. e) Using leverage to trade Today, investors and different organisation use to advantage, in order to increase the returns on their investment. A broker who handles the account of investors provides the loan to them in terms of Leverage. Leverage is provided to the investor on the margin of his investment. If 100:1. Leverage determines that investor has invested $1000, and then this means the amount he can trade values $100,000. However, this can increase the investment risk, as a result of changes in litecoin prices. If the price changes are 1% or lower than that the situation seems to be less risky, higher price changes can lead the investor towards the huge risks. Follow your trading plan, remained disciplined and keep learning :)
BITFINEX:LTCUSDEducation
by SMPTrader
Cardano will continue downtrendI'm opening shorts on cardano. Maybe title is not relevant to my thinking, because it's not trend analysis. I don't like to call it fundamental analysis too, because I don't really believe on fundamentals of crypto markets, but thats just a "guess" and interpreting of situation on BTC and possibility of running ETFs by CBOE. I strongly believe that CBOE will run Bitcoin ETFs, because thats the istitution from the inside of the wall street. It's not some crypto exchange guys, that didn't exist on wall street few years ago. Now it's really big players coming to it, and they all knows each others, they graduated the same Universities and at the end they are all from Goldman or JP Morgan, so I can imagine that they are talking about it behind the scenes. So what is my game plan. Since I still keep my shorts on BTC (but soon - before 08/10 - I will reverse that positions) I'm starting to opening shorts on ADA and other altcoins in pairs with BTC. When big players will go with their huge money to BTC, it will for sure go up and as the results regular crypto players will want to enter that train and will transfer money from alts to BTC. Of course I will have both - longs on BTC and shorts on few alts and I hope alts will maximize my profit :)
AShort
by untechnical