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BTC 70-30 BEAR Levels stated for validation 6090 and invalidation 6800 support : ABCDE : volume declining points A - C hit points 0 - B - D hit E overshoots sell offs are more violent than bull PA supporting trend direction X primary WXY subwave structure is supported with structure and RSI second chart is older but shows prior subwave count W subwave ABC structure of X primary passes fib check Volatility is looming and we want to be prepared for PA no matter which direction we head, with that said I do lean bearish for the reasons listed above. I have one bullish outlook that i have tucked just in case levels are invalidated BULLISHLY .
KRAKEN:BTCUSDShort
by SatoshiHeavy
DASH Shows Us Incredible Strength!!Overall, DASH' has shown us as a pretty strong coin. The drops aren't so deep and the recoveries are faster and higher! Currently, we have two triangles, one is bigger (blue trendlines ) and one is smaller (orange). Over the weekend, DASH' has made a breakout from the smaller triangle and it found a resistance from the round number at $200. At the moment it has started to make a throwback, the throwback is healthy if we find a support from the orange triangle upper trendline. The trendline is supported with several EMA's (50, 100, 200) which all starts to work as supports. Actually, at the moment, this is a pretty rear case that DASH' trades above the all important EMA's on the four-hour chart it is a very strong statement! If the whole market starts to show us some positive signs then this retest area would be a perfect spot to invest into the DASH' but You have to watch what BTC' does, currently it 'sitting' on the "Descending Triangle" and we are ready to make a breakout from either direction so, the current market situation is a bit risky because we have mixed signs! If the bounce happens then again we bounce upwards to the round number level and overall this is a pretty strong level to beat. Why? Because: 1. $200 round number works as a resistance 2. July low works as a resistance 3. The trendline since 20.07.2018 works as a resistance So, a pretty tough level but if we manage to break upwards then the triangle pattern shows us that the next nearest target would be the next 'round number' $250 and definitely we reach there because DASH' has shown almost incredible strength compared to other top altcoins! ...and to give You a bearish view/confirmation, it is simple - at least a four-hour candle close below both triangles will guide us to the lower levels, so watch out if the price reaches into this area (around $175-$180) Hopefully, those levels and this analysis helped You out a little bit to confirm Your own analysis! Please, don't forget to hit the LIKE button to support us! Best regards!
BITTREX:DASHUSD
by UToday
2
OmiseGo (OMG) Shows Some Strenght After The Throwback!After the drop OmiseGo' shows us a pretty solid price action from the strong support and currently we are starting to fight with the round number ($4) and with the trendlines which are pulled from the 4h chart. The bounce came from the trendline which is pulled from the bottom (2018 low) and second touch 23.08. This trendline holds us almost perfectly! On the trendline area, we got after the drop a very nice candlestick pattern which is "Hammer" and doji after doji which also indicates that the trend may turn around. Also, we have a nice harmonic pattern called "Cypher" which matches exactly with the trendline! So, if the Bitcoin' starts to show us some bullish signs then we can be almost certain than OMG' starts to make higher highs! Hopefully, this quick overview helps You out a little bit to confirm Your own analysis! Please, don't forget to LIKE! Thank You for your support! Have a nice day!
BITFINEX:OMGUSD
by VaidoVeek
2
BITCOIN - Soon We Will Know The Short-Term Direction!Hello dear followers and other TradingView users! In the weekend we moved sideways on the very small price range - between the $8100-$8300! In the last topic, I gave to You some price levels what You need to watch but at the moment those levels are moved a bit lower and there are two bounce level opportunities where You have to watch what the price do! In those green boxes, we need definitely a strong bullish candlestick pattern to confirm that the bounce may happen! Bullish scenarios: *Breakout the strong resistance area around $8300 We have touched this level ten times and ten times we have bounced back from there (upper light yellow box called strong resistance)! So, this level looks like a pretty significant and if we find a power to break it, this will mean that we continue to climb the higher prices! *Bounce 1 (Upper green box) criteria: 1. Decent support (thinner green line) $7745 2. The smaller Fibonacci retracement level 62% 3. The minor trendline retest So, in this price level we have three confirmations but definitely, we need also a candlestick pattern confirmation because this level is a pretty risky and between the two major areas! First Target $8000 *Bounce 2. Lower green box) criteria: 1. Old consolidation box retest and this consolidation box created a very strong resistance which becomes now a support! 2. The bigger Fibonacci retracement level 38% 3. Round number $7500 4. The major trendline retest area And yes definitely we need also here a nice and clean bullish candlestick pattern to confirm that bounce because the 'ice' is very thin between the bullish bounce area and the bearish confirmation area so, be careful in this price level mistakes are easy to come! First Target $7750 Bearish scenarios: * Break and close below the strong support around $8000 (lower light yellow box) First target $7800 Bearish confirmation (red area): 1. We have broken the round number area $7500 2. We have broken below the main trendline 3. We are back below the minor trendline 4. We have a break below the support areas *We need at least 1h candle close in this area to confirm this! First targets would be around $7000 Hopefully, this helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment, I like feedback!
BITFINEX:BTCUSD
by VaidoVeek
57
BTC showing a decrease in bearishnessBTC UPDATE: Daily Chart: BTC showing some bullishness on the long chart. The chart below shows a confluence zone where the descending (bearish) trendlines established in December/January and again in february converge wih the much longer term ascending trend line. The lower ascending trendline can be a bit subjective as a new low would simply move it down, so we can't count too much on that until we see more data. The good news is that the recent jump upward has punctured the longer term descending trend line from december/jan highs, which means that--if nothing else--the bearishness is decreasing. We still could be travelling downward, but this is a good sign for the more conservative investor such as myself.
BITFINEX:BTCUSD
by algocowboy2030
1
What A Difference A Day Makes! Bitcoin!Anyone who has read my posts has known for sometime that there are a few prices we have to breakthrough in order for this to be considered a true breakout. Yesterday was exciting if you are a BTC trader- We hit the 5700s as I predicted - then very quickly broke through my downchanel and recovered to 6400 - blowing through the 6200 range. Did we scrape the bottom? There is a lot of reason to believe we did. The bulls pushing it higher confirms that the market price hit a nerve at least one whale. I've been talking for a while about the resistance and support levels. We are currently at one of them right now at 6400. Weekend trading tends to accelerate what is already happening. The spike yesterday was not a mistake. We will likely move sideways today until volume picks up. We should hit 6800 if not 7200 by the end of the weekend if we are on a correction course as it appears. I wouldnt be suprised if the pattern built a "head" at either 6800 or 7200 this would present a short position as the right side of the pattern traces . Any drop in the near future below 6200 would be an indication that the market isnt strong enough to stay ahead of the resistance. Until a pattern is confirmed I would be weary of a drop below 6200 and you may want to set a stop for anything you bought at the 5700 level. Will be correct after 7200? Possibly a minor correction - but we are more likely headed to between 8k and 9k before we see another pull back. The next pullback (if there is one) - will probably be the one that sparks the real bull run.
BITFINEX:BTCUSD
by rgeddes
Coinbase announcing charitable fund - BTC AI/ML Signalo Coinbase CEO has announced that the firm will be launching a charitable fund. The fund is called GiveCrypto and it will aim to raise USD$10mm this year. The fund plans to grow up to USD$1bn within the next two years. Coinbase CEO Brian Armstrong has said that he has been inspired by the Gates Foundation, Ripple, the Pineapple Fund and OMG’s donations. o The AI Machine Learning 3-Day Crypto Signal for BTC is Don’t Own and was published Tuesday morning. Learn how to use ML 3-Day signals when trading cryptos. The average accuracy score for the Machine Learning algorithms for BTC is 62.02%
COINBASE:BTCUSD
by Quantamize
BTC possible Bull move up to and maybe past 7000 to 7100 rangeBTC UPDATE 1 HR CHART: BTC has been recoving after it's fall to the 6100 range. The overall longer term sentiment is very much in question right now. I am leaning bearish in the mid term, but I see a possibility of a run past 7100 in the near to mid term. I do believe that a run past 7100 would likely eventually stop around 7900. If we go bearish after this recent bullish upward wedge, we would likely test 6K or even the strong support at 5800 and have new opportunities in the alts. Technically, I am seeing a combination of the following indicators giving me a decent probability of a bullish move in the near term as outlined in the chart.
BITSTAMP:BTCUSD
by algocowboy2030
BTC In Position To Rebound - Get Ready For The Bull Run!!!Yesterday we looked at BTC and I mentioned two scenarios (which usually bugs me about other peoples TA). I did make the case that we were going to rebound at the level - but I also drew a bear line which would indicate things may drop down a bit further (which is what happened). In the hours since, the chart has given an indication of where the market is set to go. The trades I setup yesterday were for buys - today is another day to take a buy position if you are in cash. Buying while the market is still bear is usually rewarded quite well. It looks like an inverse H&S is forming - you can see the left shoulder and the head highlighted in the chart. This means we should "move sideways" at this level before we start tracing the right half of the pattern and return to $7200. So whats the play? BTC is volatile which is why most of us like trading it. Unlike stock trading there are no rules - there is no regulatory body to report to. This has created a situation where large stakeholders (whales) seem to manipulate the market in tandem (collusion). The future of BTC will involve the institutions overtaking the whales - which will probably profit us all. In today's market we are still very much affected by whale trades - in this instance they are more likely to drive up the price (before they try to drive it back down again). The challenge is to not get caught in the "bear trap". The play right now is buy at $6450 USD and hold to $7200 USD which will likely take until Friday to complete. A whale could change the time frame very quickly - we could very well shoot past 7200 in a few hours. There is also the possibility of weekend traders triggering some big buys and boosting us up even higher. Trading BTC is about technical analysis, momentum and psychology. Is a 2k BTC in anyone's best interest (besides mine)? The chart says we are going up - the only question is - do we take the whale express or painstakingly carve out the right side of the inverse H&S? If anyone is questioning if this is the apocalypse - i'd be glad to buy your BTC from you at a discount! ** I am a full-time trader trying to provide some guidance to those who aren't. Please Like and Follow this post if you would like to see more charts.**
by rgeddes
8
BTC Doing What Was Predicted - Stick To The Vision!!!!!BTC did exactly as my analysis predicted - we have traced the right side of the H&S and will need to go a bit lower before the current pattern is done. Many if you probably bought some BTC between 7500 and 7600 - its been banding between these prices for a large part of the pattern. This is not a bad long position price. If you have been patiently waiting for the right side to trace all the way down to start buying - I recommend you wait a little longer - at least wait until around 7k - any spike in the meantime will be temporary and we wiill correct back down. There is a ton of buy pressure in the 6000's and beyond. I have always believed we will bottom in the 6000's again before we move back up to 10k. We are really close to some of my target prices. I've waited since May 29th to see this pattern play out. Once we hit my first target price I will release another chart showing whats going to happen next. My recommendation if you are in the cash is to split it up into a few "chunks". Money management is key to surviving these volatile times. My first buy will be at the bottom of this pattern ($7050) - I am predicting that the bearish trend will continue until we touch the 6000's - so I am holding back. At the end of the H&S pattern there is a very good chance we could see a small rally - but unless it breaks above 7800 I wouldnt think much of it. Stay patient and wait for the targets! Money management is important - your crypto budget should have at least 20% for Alt coins - this could help you grow your btc holdings even more. The projects I think are offer the most value and upside are LTC, XRP, ETH, EOS, SC, DGB, XLM and XMR. Be patient - Stick to your BTC projections - if you aren't confident - find a trade you are confident with! Most people never regret missing losing - they only regret missing winning - theres little difference between the two other than outcome. There is always a new entry and exit point - stick your vision - if you miss is this time you'll get in on the next pattern. ***If you find these charts helpful please click on the like button.. these are the charts I actually trade off.. Let me know if they help you!***
by rgeddes
Pesky BART & BTCFigured I'd do a little comparing here... so the strongest of the Bart Formations in the past few weeks, I went back to May 23rd just in the sense of working quickly. But it seems that these formations are 11hours in length at the shortest, and can last up to nearly a whole day. NOW, the last 2 successive Barts, and arguably the strongest in the past weeks, were exactly 19 hours in length. Starting @0700 and ending at 0400 the next day. Coincidence? Or are the whales tweaking their algorithm to find the best windows?
COINBASE:BTCUSD
by mikehobart