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but but... they said Bullrun???!! ThEy SaiD BotTom in! wink winkLast bullrun went from 300 dollars to 20.000 dollars in almost 2 years. Only reason that it pumped that high is due our dear sugar daddy BITFINEX. They printed shitload of tether and kept buying BTC's. In combination of the crazy ICO run that people invested millions in worthless and useless tokens that are almost all down 95%. When the pumping ended and the dumb money retail masses invest at 20k it became clear that BTC would enter a bearmarket. 6k became the support that held for many many months. Once it broke we dumped 50% in couple of weeks. Now Bitfinex has the claws of NY AG around their neck and their cold wallet is moving money out like crazy. ICO's are basically dead. the main 2 catalyst that pumped the price to epic highs are "gone". Thinking bullrun will start now is stupid and doesn't make any sense. I ask you what is the reason BTC will have massive bullrun? real world usage? adoption? please dude wake up. People like Willy Woo, David Puell and Murad telling us the bearmarket is over cus they invented some fancy looking indicator that predicts the bottom. the point is that BTC only has 2 previous bearmarkets. there is simply not enough data to check if the fancy new indicators are accurate most of the times. and of the 2 previous bearmarkets there is only 1 bearmarket that is almost similar like this current market. Rather trade what the charts are telling you now instead of comparing every piece of charts to 2014-2015 bear markets. Basic rule: Don't long resistance and don't short support. Ogaah boogah blah blah WhAt?? look at charts we are at major Resistance. I think we gonna see lower. Short it. close some at red box and short again when it has deadcat bounce. keep shorting the shit of it until there is a flat phase of accumulation and the biggest bulls are turned into steak.
BITMEX:BTCUSD.PShort
by EzCLAP
3
Golden cross is very near! Good sign for BTC overall!Hello crypto traders and hodlers, i have a great info for each of you :) The golden cross is really near and this means we turning the trend longterm in the bullish direction! This doesn´t mean that the price would never go more down, it´s more than likely that we generate a double bottom (near 3.100, +/- 500 USD). So if you want to go for the longterm hold like me, the next few weeks, maybe 1-2 month could be the very last chance to buy cheap bitcoin. No financial advise! Hope you doing well so far, it was a long way to the downside, many of you would lost some hope, but i think there is a so bright future in front of us :) If you want to see my longterm prediction, visit my other charts. Greetings and wish you all good luck!
BITFINEX:BTCUSDLong
by Crypto-Coin-Trader
7
S&P 500 TopI believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. I am calling a top in the S&P 500 and the charts pretty much speak for themselves. What is most important to me is the death cross with the 50 & 200 day MA’s along with the 200 flattening out after a multi year trend. I am also viewing the current range as a Wyckoff Distribution pattern. From here I would expect a breakdown of the ice line or one last dead cat bounce to retest the middle of the trading range at $2,700 - $2,725. The 50 day MA also happens to be waiting in that area and if that does get retested then it would provide a high probability short sale entry. Same goes if we get a daily close below the ice line. When we zoom out to the weekly the picture does not get any prettier, in fact it provides very important confirmation. We broke down the 3 year bull trend line and promptly turned it into resistance. The 22 week MA has rolled down, with the price below it, for the first time since the last presidential election. This week also just closed a bearish engulfing candle. According to Thomas Bulkowski: “the bearish engulfing candlestick serves as a bearish reversal in 79% of the 20,000 examples that I studied.”(1) I have been fully out of my S&P longs for over a month and now I’m fully entered into shorts. That is due to the price closeing below the 4, 9, 50 & 200 MA’s on the daily combined with a death cross with the 50 & 200 along with a bearish crossover with the 3 & 9 MA’s. This is confirmed with the weekly closing below the 4, 8 & 22 MA’s with bearish crossovers across the board. If you would like to learn how to use moving averages more effectively then I would strongly recommend subscribing to Tyler Jenks Hyperwave youtube channel and starting with the following video. www.youtube.com (1) thepatternsite.com
FOREXCOM:SPX500Short
by Sawcruhteez
Bitcoin Daily Update (day 230)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. I recently posted Bitcoin Bubble Comparison - 3 Day Chart . It provided new dates and prices for the bottom, however it’s still slightly too early to abandon my predictions from the previous Bitcoin Bubble Comparison ]Bitcoin Bubble Comparison: 1 day - 5 days = < $5,750 | bottom prediction: $2,860 by 10/30 | Calling for $35 ETH around the same time Previous analysis / position: “If we breakdown $6,370 then it would confirm the bearish harami as well as the hanging man. If that were to happen I will be prepared with a small stop order set to short $6,369.” / Short USDT:USD’ from 0.968 Patterns: Descending triangle / bearish harami Horizontal support and resistance: S: $6,410 | R: $6,454 BTCUSDSHORTS: Really started to look like they will break out of the triangle to the upside. Once volatility picks up so will volume and we should see unprecedented levels of short sellers. Funding Rates: Longs pay shorts 0.01% Short term trend (4 day MA): Bullish (price above MA) Medium term trend (4 week MA | 2 & 32 day MA’s): Bearish | Bearish Long term trend ( 32 Week | 50 & 128 day): Bearish | Bearish Overall trend: If daily closes below $6,438 then all will be bearish Volume: Surprised volatility didn’t continue after the volume spike on the 15th. Now we are back to painfully low levels. FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351 Candlestick analysis: Harami inside a harami. Can we get a 3rd matryoshka doll? Ichimoku Cloud: 4h cloud acting as strong support at $6,424 TD’ Sequential: Weekly red 2 will fall below a red 1 at $6,086. Placing a stop order there could be a good idea Visible Range: Gap in volume from $6,246 to $6,371 with 5 day look back Price action: 24h: -0.1% | 2w: +/- 0 | 1m: +2.95% Bollinger Bands: Daily MA acting as strong resistance Trendline: Top of descending triangle ~/= $6,725 Daily Trend: Chop Fractals: Up: $6,792 | Down: $6,057 RSI: Hanging around 50 on most TF’s. 4h is a little overbought Stoch: Recrossing bearish on 12h, going for retest on daily after creating higher high Summary: I am closely watching the red trendline on the USDT:USD’ 1 hour chart as well as prior historical support at 0.9642. As long as it stay below those areas then I do not feel very comfortable about holding a short on BTC’ or ETH’. Furthermore I am strongly expecting the lower wick from October 15th’s candle to get re explored, similar to what followed October 2nd’s candle. If it has another selloff then BTC’ and other cryptos should get another pump. If it stablizes then I will feel comfortable going back to my normal approach of 99% TA Nevertheless, trading is about risk reward and properly managing positions. If the r:r is tilted too much in my favor then I will open a large position regardless of what is happening with Tether and I will use a market stop loss if need be. I posted a chart earlier with a $35 target for ETH:USD and that is a prime example of something that is too favorable to pass up. In the mean time there is an incoming death cross on the 3D chart with the 50 and 200 MA’s. The first close below the 200 MA is what led to my most recent Bitcoin Bubble Comparison . Only other time this happened was in October of 2014.
BITSTAMP:BTCUSDShort
by Sawcruhteez
10
Inv H&S Breakout confirmed but may not surpass 100maTHe projected breakout is posted here just under 6.7k. At first that seemed like it would clearly allow it to surpass both the 4hr 50ma(in orange) and 100ma(in blue). However the way the 100ma is now starting to tilt upwards could prove to allow it to maintain resistance and get above the projected target price before the price action reaches it....the 4hr death cross is now solidly in effect and would tak a lot more bullish action to reverse. It's possible but until I see the price action surpass the 100ma and both flip the 100ma from resistance to support and solidify that support...than I have to anticipate that the 100ma will provide some solid resistance especially now that the 4hr rsi is nearing oversold levels. Of course still very possible we can get more bullish action to come. For now I'm still neutral but right when the inv head and shoulders was confirmed I was long to the projected target.
BITFINEX:BTCUSD
by DrDovetail
4hr death cross occurred + inv h&s still valid= wait 4 the breakThe 4hr death cross has occurred, however priceaction still hasn't chosen a direction. The inverted head an shoulders is still very much valid. Gonna have to wait for a clear break one way or the other and hodl int he meantime or if you sold sodl. If it continues to simply ove sideways all month somehow then we may very well be experiencing the purgatory phase that occurs right before the follow up bull run. For now, Neutral.
BITFINEX:BTCUSD
by DrDovetail
5
Humility in trading and lifeWhat's up guys, I am here to share a truth about life and trading (mostly life - it's more helpful) I was wrong for the first time ever on Tradingview (50% of the time to be fair). Yet, I am still massively up? How can that be? Because I reduce risk and am conscientious of my trades. Being wrong has opened me up to criticism and I more than welcome it. I love criticism as much as praise, even more so. I am not worthy of praise, but I am worthy of criticism as an imperfect being - and so I expect it and anything else would be fundamentally strange. The title of this article includes humility and indeed that is what I can laud about to you all the most. Someone called me arrogant on here and if I have come across that way, let me deeply apologize. I am not concerned with myself. Indeed, I am far enough along in my spiritual journey that I do not really fear death. I worship life, but I accept that I will die and that the world will go on because there are larger forces at play. Evolution will have more impact on humanity than I, or any human, ever will (Elon Musk is giving it a proper go by making a big leap towards commercial interstellar travel and colonization). Yet, in life, I hope to truly change people's lives and die and leave a legacy that will help all of humanity. It's the yin and yang of my life's philosophy: understanding the degree of infinitesimal value of my life, yet feeling a deep need to change the live's of others around me. You will find understanding reality has a lot to do with being able to be in a superposition yet not implode. All pain and suffering and joy and pleasure will end. I will be interred into the space we know as nature and truly become one with it. On top of this, the universe is always losing energy - our understanding of physics tells us - and so our demise as a species is as certain as human understanding can make it. With this knowledge, I can promise to you I am not arrogant. I would have to deny reality to be arrogant. I accept the reality I live in. If I have come across as arrogant, it is the nature of the teacher's role. I have teachers in my life, but for most of you, I am your teacher. You come to me for my authority and I share with you my knowledge. I only do this to help people. I do not do this to show off or fall in love with myself. To tie this all into trading, I have one simple phrase: your PERCEPTION of reality is NOT reality. The markets are independent of your desires and wills. It is chaotic and unpredictable from our vantage point. Do not feel you have to be right, you do not. Nature is not cruel, it is indifferent. It is indifference that is most terrifying to the masses of humans. Be willing to be humble. Be willing to be wrong. Be willing to learn. These are my lessons for trading and life in general. If I've been helpful, please like my work and follow me, it will help us both. (read my work if you do not understand WHY it helps you - I've spelled out my goals before) -YoungShkreli ps. I really (I say really because we were alone together for the first time) met someone today who is my clear mental superior and yet even I (little ol' me) could see profound gaps in his knowledge. This is why the exchange of ideas is important. We are all but small cogs in a VERY large system. To understand it all, we must confer and make use of the expertise of others. Dedicate yourself to finding the truth and learn. Find joy in the knowledge of others.
BITFINEX:BTCUSDEducation
by CantorTechnologies
14
Big Surge in Bull Volume Takes Us Back Up Towards the NecklineA much needed bullish volume surge breaks price action back up above the 4hr 200 and 50MAs and sends us back up towards the neckline of the inverted head and shoulder pattern. People are attributing it to the rumor that Blackrock is considering getting into crypto ETFs. Botht he 4hr stochrsi and rsi are super extended in the overbought zones..so I think our most likely scenarios here now are either consolidate through a bull flag pattern for a bit to bring those indicator levels back down or potentially form a bart and dip back down a little bit to cool off the indicator levels. I still feel confident we will break above the inverted head and shoulder neckline eventually but probably not until after the futures expire on the 27th. This bullish break came at a crucial time too as the 4hr 50 and 200mas were wanting to create a death cross and this break should hopefully keep any death cross brief and send it right back into a golden cross. Although I am long term bullish, all factors considered here leaves this idea in the neutral zone.
BITFINEX:BTCUSD
by DrDovetail
7