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Bitcoin: BTCUSD Grinding Higher within the ParallelsBitcoin BTCUSD Thursday Morning Stopped out of the long for 9 point loss overnight at 8172. Bitcoin is now trading at 8171 after a high at 8282 on Bitstamp. It's left quite a big rejection spike off the upper rising parallel of the continuation pattern it's been hammering out since yesterday's lows - it's just breaking the first litttle dynamic here as this is written and should find support off the lower parallel and try to rally again from here. It is doing, leaving a spike under price now as well as above. Which signals indecision and range trading inside the rising parallels for now. The spikes are making it difficult to trade at this point - but it's grinding slowly higher and is still positive above 8160 and more likely to push higher still to grind down the bears - but it's a battle with sellers likely to appear again between the 8213 line and the line above it and buyers at 8170-60, causing whippy trading conditions. But the near term bias is still up towards the upper parallel and eventually to the 8418 line. Downside from Here It has to break below the small rising central parallel to trigger another decline 90 point decline to 8074-8058 and the lower rising parallel where it should bounce again. We then need to see a break below the 8058 line to short again back to 7820-7800. A break below 7750 would in turn trigger another short to 7562.
BITSTAMP:BTCUSDLong
by sumastardon
1
WaBi Token DownWaBi Token has reached an all-time high against the dollar, hitting $5.9 price tag. But then the trend has suddenly changed from up to a downtrend. WABI/USD has already lost 78% since it reached its' peak and continues to decline. WaBi broke below the 76.4% and then 88.6% Fibonacci support levels suggesting the validity of a bearish trend. After a correction up, WaBi hit the 76.4% Fibs, that this time acted as a resistance that has been rejected. The downtrend is likely to continue and the downside target is seen at $0.4 area, confirmed by 327.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout.
WShort
by CryptoPAMM
GDOW: Global Dow Limit Down all over the WorldGlobal Dow: GDOW Limit Down Across the World The pattern here is similar to GOOG (without the double tops) and shows how all major market indices have fallen under the spell of the high-tech mantra. What's good for Google is good for the world, well, world markets anyway. Critical support for this index lies at 2967. The low so far is 2276 today. Come what may later today, this index has to hold closing values at 2967. It's probing the lower parallel and whilst it holds up the Global Dow (and therefore all major markets too) has a good chance of rallying from here, the perfect spot. But the 2967 level is effectively limit down for the Global Dow. A close below here will tip this index back into bear territory again, forcing back down to 2920 to begin with and then after a small counter-rally back down to 2887 at least and then most likely back to 2802.
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by sumastardon
BTCUSDT - Volume Analysis Prediction 3/26/2018The situation on BTC has changed a little bit. The price returned to the balance and reached its middle. What does it mean? 1. The market is not ready to grow as it should. 2. Buyers are not active enough. 3. In case of breakdown of this level, the price is waiting for an adventure down to 7400. Also there is one more level that can rebound the price - level 7700. In summary, we have 2 levels for buy positions - 7700 and 7400. Both levels are best worth considering with additional confirmation of volume (vertical or market profile). Stop loss in both cases must be 7295. If the price break down 7300, the potential support levels would be: 6500 (weak level, needs confirmation), 6000 (strong level) and 5700 (very strong - max volume of October 2017). At the moment, everything is in the bearish scenario, be careful. If the price bounces from the current level, you can try to buy on a rollback to this level with a short stop Glossary of terms Point of Control (P O C) – The price level for the time period with the highest traded volume . Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion. Balance - Accumulation Area. F L - flat level. T L - trend level. Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
by mooncatcherpro
BTC USD UP or DOWN ? Which Way it's gonna choose ? Hi Everyone. Welcome to this analyze of 4 hours BTC USD charts. Looking at what happened yesterday, it just confirmed that we following the H&S pattern. But as there is really low volume, we may break from it and go down to my Buy zone, or we can finish it at 10.5K. Confirmation of uptrend would be closing above 8.7 K . Confirmation of downtrend is gonna be closing below 7.8K Stay sharp and if you will decide to trade before confirmation use stop loss ! Don't risk. Thank you for reading, feel free to leave your feedback . This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
BITFINEX:BTCUSDShort
by Coder775
Vcash VS Bitcoin - Where Is The Bottom?Vcash continues to slide down since it reached the high on the 15th of January. It has already lost 55% to the Bitcoin, but where is the bottom? The Fibonacci applied to the corrective wave after the uptrend trendline breakout shows that 161.8% levels was broken and has been acting as a resistance, that was rejected twice. As the trend remains bearish, the nearest downside target is seen at 261.8% Fibs, that is 3400 satoshis. Perhaps this could be a reversal point for Vcash, unless the support is broken, which could send price even lower.
XShort
by CryptoPAMM
Bad scenario to BTC.Dears, O Bitcoin depois de ter rompido a LTB e que sem força e voltou abaixo da linha e acabou perdendo força compradora deixando somente um topo duplo. Depois de uma semana de queda forte o preço testou e perdeu suportes importantes encontrando um ponto de suporte proximo a retração de Fibo em 61.8% e acabou por fazer um pequeno "pullback" que acabou devolvendo praticamente todo movimento. Então no momento temos uma lateralização. Com uma volatilidade bem menor do que o esperado. Acontece que depois da formação de topo duplo temos agora uma BEARFLAG, uma figura que continuaçao, onde teriamos a continuidade portanto do movimento de queda. Podemos projetar o preço caindo mais uma vez abaixo dos 8k. O preço deve testar pra isso novamente a região de suporte em 8300 e tambem a LTA. O final da projeção de queda é perto de 6800. Por outro lado tambem podemos ter a formação de um fundo tripo nesse suporte de 8300 e a retomada de alta buscando a LTB com mais força e finalmente rompendo. Isso é nesse caso uma visão otimista para o preço. The Bitcoin after having broken the LTB and that without strength and returned below the line and ended up losing buyer force leaving only a double top. After a week of strong fall the price tested and lost important supports finding a point of support near the retraction of Fibo in 61.8% and ended up making a small "pullback" that ended up returning almost all movement. So it's not a moment, a last back-up. With a much lower volatility than expected. It turns out that after the top formation, as low as possible, a BEARFLAG, a figure that continues, where is a continuity, therefore the movement of fall. We can project the falling price once more below the 8k. The price should test for this time in the 8300 support region and also the LTA. The end of the fall projection is close to 6800. On the other hand we can also have a formation of a tripod bottom in the support of 8300 and a high resumption seeking a LTB with more strength and finally breaking. This is a case of an optimistic view for price.
BITFINEX:BTCUSD
by hmv.live