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G20summit

LTC - USD | Update on G20 crypto summit Still believe brother! This is an update on my previous G20 LTC chart, We are following G20 and so far so good, Financial regulators of G20 reject efforts to regulate Bitcoin and other cryptocurrencies as of now, rumors has it. If this is true, i believe we'll reach $180 by then. I will follow on the progress and see volume, read news do FA research to combine with chart. Note, If something goes bad, stop loss. - Always safe trading. Yours truly, Crypto420
BITFINEX:LTCUSDShort
by Crypto420
BTC: Started new wave, or minor bump up from G20 news?I included a 4hr chart simply to show that the 4hr is showing long... BUT, hear me out, this may not be the case. So as you guessed, G20 summit was positive news for cryptos because as soon as the news came out, we rocketed up almost $1k immediately. So... We know that this spike up was obviously driven by news instead of fundamentals. Let's be honest here, anyone that has been following TA charts, or even TA posts on Tradingview for the past 1-2 weeks knows that there was a wide held view we would be breaking into the $6k zone sooner than later. I don't think that the fundamentals and the sentiment of the market have changed one bit. I think twitch traders will throw in a ton of money betting on the big news being the start of a new wave, and lose by going long. Think about this. This momentum can easily be reversed by the fundamental sentiment of the overall market. I would be at best hopefully optimistic that this is that final moment we have broken that overall downtrend and that "we are shooting to the moon". I guess we will see what the Asian markets do tonight because we could be hundreds away from $10k in the morning, or looking at a breakdown to the mid $7k level again for another damn week, and finally hitting that (I think inevitable) high $5k to mid $6k low that we were all technically expecting. My last two cents: hold off and verify the rally, don't go balls to the walls simply because of the news cycle. One small good news isn't always able to flip a market that is still very much in the depths of its bubble. ****SHOOT ME A LIKE IF YOU ENJOYED READING THIS!****
BITFINEX:BTCUSDShort
by Zulu_Kilo
BTC's fifth Elliott wave countI tried to count potential Elliott waves up to the final price range that according to this variation should be in the 2800-3200 $ zone. According to the count and fibonacci levels, we could see 6300-6700 zone as target no. 1, 4850-5050 zone as target no. 2 and, of course, 2800-3200 as the final target. It might take months to wrap up the slowest fifth wave, but this is just an exercise in analyzing bear market development. There is another option, that with yesterday's dip we've finished first wave of the new bull cycle. It's really mixed signal territory at the moment.
BITFINEX:BTCUSDShort
by OrionInTheSky
2
Ethereum could free fall to $300If Ethereum breaks the current support at $465, it could fall to $300 where there is strong support. RSI is oversold on the daily. However, it doesn't look like it is even trying to get back up. The G20 summit hype is really affecting the price of all cryptos. Ethereum held it's price last time BTC crashed to $6k but this time, it looks like ETH has taken a hit. Nevertheless, great time to buy and accumulate almost any coin but especially a coin such as ETH. Just my opinion based on what I see. Please do not act on it.
BITFINEX:ETHUSDShort
by GBBBKSA
G20 Argentina Prospective Regulation DiscussionSteve Mnuchin has stated an intent to bring up crypto regulation at the G20 Argentina financial meetings taking place March 17-20. Mnuchin does not believe that crypto markets represent a threat to financial market stability, but believes some form of regulation is imminently required and wishes to more closely monitor potentials for illegal activity. While the news from this event could go either way, I am hopeful for a positive outcome. French finance minister Bruno Le Maire is not quite as optimistic and intends similarly to discuss this at the summit, citing risky market speculation as a primary concern. I expect that on those dates we are likely to be at the top or bottom of the logarithmic pennant — bottom line established in March and June of last year, and the top being the downtrend from the ATH in December. Which, top or bottom, is likely to be decided by whether BTC price holds the 200-day EMA. I'm bullish on this prospect, and the 4hr indicators are oversold, but either can happen — the sell-off this week has had some extreme spikes in volume. Whichever side of the pennant, the outcome of this summit could be dramatic enough to force a breakout or it could be so banal as to have no effect. Just looking out for it!
BITFINEX:BTCUSDLong
by malamoot
Let's be clear. Nano/BTCHello, I'm back. Let's recapitulate the events in this wonderful world of cryptocoins: 1 - Bitcoin grew potentially 95% from 6 June until 20 February. At that moment every market was creating positive expectations, everyone was hopeful. It was exactly on February 20 that Nano showed in 3 days a booming growth of exactly 171%, everything seemed to be great. Behold, from 21 to 23, Bitcoin had a 17% pullback, just as the Nano reached its peak of 171% and the next day fixed 29% of its historic jump. 2 - From the 24th we can see loss of volume of purchase in both Bitcoin and Nano and when nobody wants to buy, the trend is the sale, despite the volatility the chart wanted to show us something, gave us a clue based on probability, both showed low trend geometric patterns. Nano promptly formed a pennant with drop projection to a tier of pricing that I sincerely hope I do not see. Dow Theory: The chart discounts everything, including the Binance hack, The Securities and Exchange Commission FUD. Bitcoin has finally formed an 'M' pattern with drop projection for the 6800USD as you can see on the chart: 3 - I warned in my last posts some fundamentals that stated that Bitcoin would grow significantly and then fall significantly.   In the meantime, regulators are poised to fill their pockets, after all US Treasury Secretary Steven Mnuchin in communion with heads of state from France and Germany will discuss exactly that in the face of the top 20 economic powers in the world. To a lot of libertarians, this is an ideological insult. For players it's just one more way to take advantage of the time to make money. The administrator of MT Gox has sold half a billion bitcoin cash and bitcoin between December 2017 and February 2018 to pay the creditors. He sold the first batch of 6k bitcoins on December 22, sending the price to almost $ 10,000 which later settled to $ 16,000. So he expected the market to recover to sell another batch of bitcoins, 8k on Jan. 17. What again produced the same effect, a crash hit the price of bitcoin. Kobayashi then makes another sale on January 31, this time for about 6k bitcoins. The vast majority of bitcoins were sold on February 6, which implies that they actually tried to stop the market by selling in the background. Total value of BTC sold are 43 billion JPY ($ 405 million). This leads me to believe that they sold enough BTC to pay the debt to the creditors and will not sell more BTC soon (they have not sold anything for more than a month). Today is Blockchain Africa Conference 2018 and cryptocoins are increasingly cheaper. While Nano continues in accumulation, chart information only shows us the trend channel, the respective targets that will be gradually reached as Bitcoin moves. I have no interest in operating under these conditions. Thank you for your time
NShort
by LuanCeli
2
You better watch the next move! Nano/BTC Overview. I warned you! After a period of leverage, Bitcoin came very close to the blue dotted resistance line (11665USD), reached the daily maximum of 11634USD, but ended the day in a dramatic fall back to 11300USD, just below the price level in 11400USD that started the day 05/03 that is marking these candles in hammer form. From that point on, we can consider the probability of a reversal, so we must read carefully what the graph has to say to us. Will Bitcoin reach its main target 0.5 Fib (12700USD)? For the health of the alts, Bitcoin needs to get there. And I believe it will. Bitcoin Chart 1hr time frame: These are my arguments: Despite the dramatic fall near the resistance of the 11600 and the market have demonstrated consistent sales forces, Bitcoin has been giving clues to how you intend to behave from the technical analysis. 1. Coming close to the support indicated by the green dotted line (11155USD), the graph shows reversal. This reversal is based on the hammer formed near the support area. 2. We can not forget the ascending triangle that was formed in the breaking of the resistance of the 11155USD. The projection of this triangle is 1500USD, precisely in our main target, 12700USD. 3. I believe that we are surfing the 5th wave of Elliot at the moment, the characteristics are clear: 4. G20 Summit in Argentina starts on March 17 and heads of state from the USA, France and Germany will take the table to the cryptos, although it seems a bad thing, do not be fooled, they have already stated openly that they do not see this new economy as a threat to the global financial system and has demonstrated a certain enthusiasm. Do your research, Google it: - G20 Summit - Steven Mnuchin - Bruno Le Maire Those are the main reasons why I believe Bitcoin will go forward and that is very important to the health of all Alts, including my dear Nano! Let's analyze the graph in the Nano, the H & S pattern has not been confirmed, but the pennat pattern supports the probability of falling and Bitcoin will give the proportion of that fall, which already surpasses the support indicated in the red dotted line 0.6 Fib (0.0012801), supporting each again the probability of falling to the next support in 0.5 Fib! If this happens, I advise you to review your strategy to avoid further losses. Reminding you that this is the way I work, I am here mainly to discuss ideas. Take your own decision. If you think I've been useful, the easiest and cheapest way is to leave your 'Like'. This will certainly help my personal and professional growth. If you have any constructive comments to make, feel free to, I'll be happy to discuss it with you. Thank you for your time. If I deserve your donation: BTC: 1Jj6bamTKjwWk1p4BnPTCcykAiQH85WVV Nano: xrb_1dnrfk8q9siwxqb351ddmkd19hfnijkh5iyt4tda37cojxh8ndfknmbfmw9h Eth: 0x8f09fa8b42c11204dc4c2eebed453781ff641014
N
by LuanCeli
12
Bitcoin, 11000.0 could be too strongGoing UP already? BTCUSD broke the Trend Line Resistance once again, which is fairly considered a bullish sign. We saw fluctuations around the Trend Line Resistance that confirms it is important for the global picture. And the price is above this line again. But, the last breakthrough (at 02.28) stopped at the 11000.0 level, now we the price is at this level again. And to prove that this time the breakthrough will ignite something more significant than last time we will need to see a strong move above the 11000.0 resistance. My opinion - lateral movement Uncertainty, associated with G20 is still present. Hence, the fewer points for the big breakthrough or dive until the summit. Also, the Reverse Head And Shoulders scenario is still relevant, so we still have a Neckline resistance zone starting at the 12000.0 level. All these factors are pushing too hard on the Bitcoin, so my opinion is lateral movement in the 10000.0 - 12000.0 in nearest term.
by BitcoinSymphony
BTC, too early to growThe main idea behind this scenario is that Bitcoin will not go into a bullish bias until G20 summit in March. "U.S. Treasury Secretary Steven Mnuchin has indicated he is planning to raise the subject of cryptocurrency regulation during an upcoming G20 summit to be held in Argentina in March."(coindesk) I expect that BTCUSD will go into lateral movement between 12000.0 and Angle Support of the global correction pattern until the G20 event. I expect a rebound in the 11000.0 - 12000.0 zone (below the Neckline of the Reverse Head And Shoulders Figure) and movement back to the 10000.0 level or even lower. Such stressful behavior also will be a good opportunity for big players to buy in on the low prices.
Short
by BitcoinSymphony
EURUSD: G20 summit key level supportI'm updating an old chart so you can see how the methodology worked here. EURUSD had a dramatic drop lately, but it has found support at a very important support level originated from price action surrounding one of the G20 summits. In these, typically we've seen attemtps to curb dollar strength, so they have worked well with EURUSD as reference and also, as potential turning points on the day of the events. FOMC and other fundamentally obtained levels are also very good with currencies, specially the Euro. When the most market participants pay attention, we obtain the most significant key levels for support and resistance. The RgMov trend analysis indicator shows us that the bulls are in control of the weekly and daily trends, and since both have hit important levels of support, we can look for longs now. You have a nice setup to go long here, risking a new daily low, and aiming for a retest of 1.1216-1.1261 at least. Good luck! Ivan Labrie.
Long
by IvanLabrie