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How to play the breakouts!?!Lately, there has been a lot of buzz about BTC! Will it breakout or not? In the end, it did not as we predicted with the accuracy of a surgent in our most viewed post till now that you can find in RELATED IDEAS. Here is a nice school example of how ETH does the breakouts and probably similar pattern will be played in the near future. We will write more about that in the next posts but for now, let's focus on the lessons. A double top has been a pattern that ETH forms quiet often. Probably cause of false hopes when people just wait for ETH to do the same run as BTC and then hope gets denied or to say it better - run postponed! It happened before (2017), it happened in the near past (2019) and it will probably happen in the near future. In order to get the best return in time (RIT) and not only the best return on investment (ROI), it's important to know when to expect the moon so a trader can optimize his or her positions. Actually, trading is not about buying at the cheapest price, but buying (or selling) close to the time when the price will move the most. So when is that? In this example, it's clear that after breakout retest! People usually FOMO when the breakout happens but history shows that in most cases it will be retested. However, at the point of best entry (RIT), some start to get scared that the breakout was not successful. Some might even sell in panic (FUD - Fear, uncertainty, and doubt). This post is made in order to remember what to do and how to work with your emotions (fear, anger,...) when we are close to breakouts. Buy the retest! Patience is always the key. Keep calm, use the knowledge and you should be fine. Take care and GL! PS: You can see Elliot Waves count in this example also, but let's leave that for some other occasion. For now, it is just important to know that in this example wave 4 needs to be higher than wave 1.
KRAKEN:ETHUSDEducation
by Samoto
2
BTC Historical Growth TrendI see people posting charts showing BTC following a horizontal parabolic trend (the curved green line) where the price of Bitcoin reaches a stable valuation several years in the future. I present here an alternate view showing a general growth trend (purple channel) that extends back to the beginning of BTC on Bitstamp and represents 150% growth year-after-year on average. There are moments of exuberance/hype (green channel) where the price skyrockets only to be followed by a crash that brings us back into the channel or below it (red channel). I've based this general growth channel on the steady 2-year growth from early 2015 to mid 2017. Now we are back in the channel, although note that we are on the high side of it. I couldn't tell you whether we go up, down or sideways from here but I think it's important to have an idea of the general growth trend of BTC while we are still in an early adoption period. What happens next depends on whether BTC actually has technical utility such that it reaches widespread adoption and whether investors see it as a store of value, has growth prospects or is just a pipe dream. From my perspective, I see a lot of talented and enthusiastic people putting their time and money on the line to develop the cryptocurrency infrastructure and drive the success and adoption of the world's most significant digital currencies. I include Ethereum and other important altcoins in this mix. There are sure to be more attempts at government regulation as well as more interest from institutional investors and retail trading operations. There are pros and cons of both probabilities. Personally, I'm excited about what is on the horizon and I'm excited to be a part of it.
BITSTAMP:BTCUSDLong
by quickshoe
3
BTC in a bear market till 2020!!! (Updated)So finally the FOMO has ended, what a wild ride it was. It honestly blew my last prediction by a few thousand, still not in comparison to the 2017 bull run by no means but the delusion was strong. To be honest the 2019 run never had the momentum needed to replicate the 2017 run, nor create a new ATH. By taking the DEC 18th 2018 low and drawing 45 degrees from it as you can see on the chart the price stayed below the 45 degree angle the whole time until yesterdays June 26th 2019 brief moment above it. In the world of Gann it is a big deal if the cycle started below the 45 degree angle and never even rose above, it means there was never any momentum in the first place. Without the proper momentum that means there was never going to be a bull market, there never was going to be a new ATH, and the FOMO never had a chance. So since reality has set in finally we can continue with the bear market we were always in, and will continue to be in till 2020. On the way down I do see a few potential areas that will encounter strong support and more than likely an attempt to revive BTC, one being at the 7226.06 mark. At that mark there are several things happening there, the first and most obvious is the 0.618 fib, which was drawn from the DEC 18th 2018 low to the June 26th 2019 high. The second interesting indication of strong support at the 7226.06 mark is the 8/1 angle (orange) from the previous 2017 cycle and the 3/1 angle (purple) from the current cycle we are in. They cross at the 7226.06 mark and create a time cluster, which in the world of Gann is something to always keep an eye on. The extremely interesting thing about that level is both the 0.618 fib and the time cluster are at the exact price of 7226.06, so that is definitely an area to observe on our descent down. Once we pass the 7226.06 mark, and I am highly confident we will, we should not have any more bumps in the road till we get to the obvious low of the DEC 15th 2018 bottom of 3122.98. This will also be another level where they will try to revive BTC and create upward momentum, in my opinion they will not be successful. If we do manage to break lower that the 3122.98 mark, we should continue down till we reach the 1754.78 mark, at this point we could be have finally hit bottom, if so we will have ended the current cycle and will resume upwards momentum. In the event that the downward momentum is so strong, coupled with FUD, and the desire to acquire cheap coin. There is a possibility we could go even lower that the 1754.78 mark. The next few targets I have identified would be 883.74 and 730.34. Either one of these targets are highly unlikely, but we have to remember with BTC anything is possible. Regardless the bear market continues and we will not have a chance to see the possibility of a bottom till around late February of 2020 in my opinion. I do think we will see some strong downward momentum around DEC 15th-17th 2019, but I just think this will be the final nail in the coffin that will give us that last mighty push downward to reaching the true bottom that I believe will come in February of 2020. Cheers all, happy trading...
COINBASE:BTCUSDShort
by UnknownUnicorn2804040
13
$14,000 - REJECTION OR BREAKOUT? UNBELIEVABLE MOVE TO HIT BTC!Bitcoin has pierced through every single resistance level without considerable cool down and retracement. The 0.618/($13,500) retracement level is the last level to be conquered. If we break through this level then prices like 20,000, 25,000 or even higher are probably due to the fact that the market is in an extreme parabolic phase and does not care for any indicators. The top is indefinite and calling it is unbelievably difficult and extremely risky in these phases.. Resistance is very low above 14,000 and if the major levels such as 6,000 and 10,000 were completely obliterated without question or looking back then the same is very likely for 14,000. It is clear that resistance isn't something that the market realises or acknowledges right now. FOMO and aggressive whales have bought up the market way further than it needs to be for a sustained run. The current state of the market is unhealthy and could end badly. It is safe to say that the prior bear market exit was healthier and more orderly allowing for the more sustained price action. The Trading View community is full of greed and exuberance. This is quite symbolic of the 2017 bubble before it burst and capitulated over 85%. The market is dangerous at the minute to say the least. As a result, this may be either one the craziest sell-offs or price surges/parabolas ever in the history of Bitcoin given the price action in the short period of time it has occured. My thoughts are that we will see one of the craziest sell off's Bitcoin has ever seen and I look for a minimum 40% correction before re-evaluating the state of the market.
COINBASE:BTCUSDShort
by JayanVarsani
FOMO in GOLD? Barrick is looking extremely overbought and in a FOMO stage. Weekly charts still show there some upside left. However, historical RSI levels are way too high. Also, if price action turns at these levels and shows signs of resistance, price will cool off. There wont be any real break out until it pops out of this downward channel that appears to be forming. Exercise caution if you are going long. Gold has been in a multi-year bear market. Is this the beginning of a new trend or simply a FOMO rally?
NYSE:BShort
by bossmodetrader
Bitcoin Stopped Correlating to 2015-2016 Bear / Bull market It was a very close correlation for all of 2018 and into early 2019 between 2015 and 2018 bear market. But now that correlation has ended. As you can see we should have double bottomed on the 200 weekly moving average if we were still following the 2015 pattern, then have a 2nd golden cross and pumped 200% +. We skipped over that and have already pumped 200%. Thanks to tether printers. coinmarketcap.com We should also therefore stop expecting a massive sell off in the markets, tether is a major bitcoin support. Lowest price will probably not even touch 6xxx anymore. Even though this tether printing has the exact pattern of the bitcoin price explosion. FOMO Joe was able to return to the whales 1 dollar for every dollar the tether printer pressed. FOMO Joe already pumped bitcoin higher than the parabola did in 2015. Tether only had to print 100% more for a 200% bitcoin ROI . Our major support is going to be that red and green trendline . If we had correlated continuously we should see 250 - 350k by the end of this bull market. But now I suppose that target will be even higher.
BNC:BLX
by pacman7331
1
BYND. P&D. Don't be FOMO. It's already x3This stock already did x3 on the chart, do you need more, then you are greedy man. Take your profit at the end of the week, because this share 100% overbought. $TLRY did the same after IPO, if you believe that $BYND can do x10, you're crazy. Support ~ $100 Resistance ~ $190 If you are thinking to enter and buy a several shares, think twice please. No selling or buying advice. Just watching on BYND. I have the subreddit with the same name, if you wanna ask me or community, feel free to do that. Hit like, comment and follow for more profitable ideas.
NASDAQ:BYND
by MARKETKNOWS
Bitcoin - Weekly update for Sunday June 16th 2019Hello my fellow Bitcoinistas! We still have a several hours left in this week but I'm going to go ahead and post my weekly update for Bitcoin. For those of you following my work you are already very familiar with this chart. You know when we hit bottom. You know when we broke out of the large cup and handle. And you know when the 20/40 weekly MA crossed. You also know that in last week's update I was calling for a green candle this week that would entirely engulf the red candle of last week. Well, I'm going to go ahead and say that's how this week is going to end. Unless they can crash the price in the next 7 hours or so this week is going to finish green and engulf last week's candle as predicted. What does this mean? I think it means you need to put on your space suit and your helmet, hook up your oxygen, and get ready for the launch sequence. Let's start the pre-flight check-list now: 1. Bitcoin broke above the multi-week trend-line - Check! 2. Bitcoin came back to the trend-line for a touch-back - Check! 3. The touch-back printed a red weekly candle - Check! 4. The red weekly candle was engulfed by a green weekly candle - Check! 5. The 20/40 weekly moving averages have crossed - Check! 6. The gap between the 20/40 weekly moving averages continues to widen - Check! 7. I saw another segment on TV this morning about Bitcoin - Check! 8. The Bears are shorting their butts off trying to stop this launch - Check! Ladies and Gentlemen our fuel is 110% and we are ready for take off. Please throttle up main engines and initiate the count down. I'll see you on the other side of the moon. BBS out! In 10, 9, 8, 7,........................................... For clarity - If you are day trading this does not mean we are running North and never looking back. We could retrace at any time. I'm just saying that "In General" we are fueled up and ready to see new highs in the weeks and months to come. Since I am already long all I am doing right now it sitting back and watching the show.
COINBASE:BTCUSDLong
by BitcoinBearSlayer
3
Bitcoin - From FOMO to ROMO in 2019Good morning my fellow Bitcoinistas! As a write this post there is a special on Good Morning America talking about Bitcoin, Facebook, etc. etc. etc. The Winklefloss twins are on there saying that at one point they were trying to buy up to 1% of all Bitcoin etc. etc. etc. Their "Ah ha" moment with Bitcoin and why they started Gemni etc. This ties in perfectly to the title of my post. "From FOMO to ROMO in 2019" What do I mean? We all know that FOMO means the "Fear Of Missing Out" but my new phrase ROMO mean the "Reality Of Missing Out" There is a BIG difference in my mind. Fears can be, and in many cases are, unfounded or unreasonable, but Reality is Reality. As Bitcoin continues to gain global conciseness and more and more big players keep buying in, the "Reality" for others is that "we don't have any" or "we don't have nearly enough" or "this is a lot harder to get my hands on than I thought" etc. etc. etc. I truly believe we are at the starting point of ROMO. It may start small but at some point it will accelerate quickly. I'm not talking about traders and people that have been flipping Bitcoin for years, I'm talking about people, businesses, and other institutions. Their ROMO point will come when they have the epiphany that this crypto thing is here, it's real, and it's going to change the world as we know it. At that point it won't be an unreasonable fear like FOMO, it will be ROMO! It will be the new reality for many. They will be playing catch up and competing with everybody else who is also playing catch up in the crypto world. At any rate, that is my vision for what I see coming soon. Especially when Bitcoin starts hitting new highs like $20K plus. Then ROMO will set in for anybody who starts paying attention to what is going on around them and especially for those people in the world where their local fiat is failing or has already failed. I am perma-long with only a small amount of Satoshi left on the exchange to play with. I know my approach and goals with Bitcoin may be much different than that of many here. Some people are still trading for or against FOMO and that's fine. I hope they all can put as much Bitcoin in their pile as they can before TSHTF. But for me, I have already faced and addressed my ROMO moment by securing my seat at the crypto table today and into the future. That is and was my objective with the exchange and it is now complete. Anything I do on the Exchange with Bitcoin now is just me farting around for fun with no serious consequences attached. In other words you can take this post and any future posts with a grain of salt. Whether my charts, my future pattern calls, etc. work or fail I have little to nothing riding on them. Keep that in mind if you chose to compare any of my work to whatever you might be doing. As a side note, I will make this recommendation to anybody new to trading Bitcoin or any other digital asset. Only keep on the exchange the amount of your total position you actually want to trade. In other words do not use these exchanges as your piggy bank. Get a hardware wallet and keep the majority of your funds under your control. Only put out there what you are willing to lose should another Mt. Gox type event happen to an exchange. Don't risk everything you have by storing it all with somebody else. And that is my 2 Satoshi on the matter. Good luck out there! BBS Out!
COINBASE:BTCUSDLong
by BitcoinBearSlayer
1
Beyond meat short sellers are going to have to learn to codeShorting was already super expensive. But now, now that the company had their first quaterly earnings release since IPO, the thing is taking off. Sales rose 215% and are expected to grow tremendously in the future. Now I do not know how it works, but the company is not profitable. Earnings are something like -1$ per share or so. A growth stock. If they sell way more then they will be profitable? Maybe they have some flat costs that kill their revenue now but they wo'nt have these costs later on? I am just interested in following this story and added this stock to my watchlist. Going to explode. I hope short sellers had options hedging them or something :D Maybe we see an absolute explosion in share price followed by a short squeeze and an absolute explosion. Again. BUT I think with the shorting prices being so high and the shares being almost entirely held by insiders and retail investors (that do not lend shares for shorting because they are noobs & morons), there are very few bears in this market. Also... if most longs are full noobs/imbeciles... Looks like potentially a massive bubble ahead. With painfully obvious phases. And just keeps going up. And bounces on the way down "this was the bottom" and obvious stop loss levels. Looks like something we could call inefficient. Dumb money that make decisions out of greed and "beating wall street" and "showing to the man" (whatever that means). Downside should be limited if most people involved are retail baggies? Right? I am not an expert on this tbh. Should be a super easy one, easy edge just get in and be the first to get out once it stops going up, retail baggies won't be running for the exits, np. Another point for education purpose, best not to short sell hype stocks dominated by retail until there is a big complacency? Seems to make sense... This feels like looking at penny stock trading which is literally taking advantage of moron baggies that FOMO and not having the pros competition (since stocks are too small for the pros). When I look at noob stocks, I never see them gap down 20% like Facebook did a while ago. They do gap up, alot. But I never saw one gap down. But as I said I am not experimented with this. What they do though, is they consolidate for a really long time. Looking at Robinhood top hold here: Actually Bitcoin is the same. 0 institutional interest, they all think it is a ponzi scheme, full inexperienced retail and just bagH0DL all the time. Super boring, but once in a while it gets to a support and every time "this was the bottom". Once could make a strategy hunting stocks that are mainly held by unsophisticated retail investors and buying at supports before big rallies, or even simply FOMO buying... (the edge and the difference being of course the experience trader knows when to get out). I saw somewhere that Activision was a retail favorite. Idk this could be interesting... to be more diversified in the future. I probably just stick to currencies commodities and trade bigger and bigger eventually just use options to protect myself. And stocks just for investing in solid both growth & value companies. Like a one trick pony. 2 trick pony. Focussing on what I am good at, huge markets I don't need more. Modern portfolio theory sucks. I rather find rare perls and make big one sided bets.
NASDAQ:BYNDEducation
by MrRenev
Where do we stop? (ETC Correction)Well if you are a lot like me, you thought the correction was going to be swift and brutal, yet as it turns out we may have already hit the lows and the Bull Rally, fake or otherwise, may very well still be in effect! Just look at how even with extremely low volumes we are still trading in an increasing pattern with dips that lead right into 10% gains! Therefor we have to take into account that although we are absolutely still in a correction, and will be for likely another week, we might not see another 30% leg down, we might only see the local lows that were achieved early last week! This is why I have to price targets, the purple and yellow lines. The purple has us "triple bottom" or Double Bottom the lowest low so far ($7.35), the Orange has us correcting to the previous low ($6.7). I believe both are realistic expectations, but the likelihood is up in the air. Whales could come in tonight or tomorrow and absolutely assault the market with massive dumps and incredible volume, or low volume trading can have us ticking ever so slightly higher with higher lows and higher highs. Personally, I think the 7.35 range is the most likely to occur otherwise the 6.7 would have came within bow shot already. However, as I said, anything is possible in Crypto! What do you guys think?
COINBASE:ETCUSDShort
by Sephiroth4269
Ascending or Symmetrical Triangle.. BITCOIN, ROUTE TO ATH???I've posted yesterday an idea of BTC about the Ascending Triangle in forming for Bitcoin lines in gold. (link below) An alternative route is the Symmetrical Triangle (black lines) . With an 50/50 outcome. Targets in the chart. So if we may wish we prefer The Ascending one because the 70/30 rate. If the price will break 8000 seriously media will pick it up again and will create a fomo. Maybe it will create the route to all time high. Good luck trading --I appreciate your likes, thanks --Hit follow button for more ideas
COINBASE:BTCUSD
by Will_Wortel
Ascending Channel: Use it or Lose itMassive support on the ascending channel. We are wanting to break the top of our current Pennant resistance and if we do I think we will see strong volume and a push to $8,600/$9000 before a correction. Possible that we lose the support of the ascending channel and drop below to the $7,500 - $6,500 region for a nice correction/accumulation period. I think we will know if we are going to correct within the next 10 hours depending on how the yellow support holds up should we test it.. If we don't break out to the upside in the next two hours I think we will find support around the $7800 region before having one last shot. If that fails it's times to take profits and watch the weak hands tremble as we fall off the cliff that is our bottom support of the ascending channel. Either way it's count down to D-Day.
COINBASE:BTCUSD
by UnknownUnicorn2014765
Ready to find support? Remember what FOMO can do. I feel like we are at the end of what this run has to offer until we correct and find some support. We are setting up for a head and shoulders reversal on the smaller time frames. If the market is this bullish then I think it would be more bullish to see it find support on the 100ma around $6400 before we get a monthly/weekly close above $7400. Then again we could be at 8k tomorrow. I still see our last high being that $7,300 point on the 4th of September and our next high being this current one. The weekly close tomorrow is important but not as important as the monthly will be. This tether/bitfinex/binance news is just too much of a coincidence for me. If all of that resistance is broken that easily, then the support it holds can be broken that easily too. The weakest hands are of those who fomo'd in. F&G index: Extreme Greed NVT is screaming to dump. Who knows! Hope yall being safe with yo trades.
BITSTAMP:BTCUSDShort
by UnknownUnicorn2014765