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BTC Bear market will end between May and Oct 2019There is a clear pattern on log scale that the bear market will end in late May at a price of $2800. The graph shows that the dotted line continues to fall until the point it reaches the long term trendline going upwards. On the other hand, the same analysis has been done on a linear scale and shows that the Bear market will end in October 2019 at a price of $3000. My conclusion is that the bear market will end between May and October at a bottom price of $2800-$3000. Compared with the bear market in 2015 there are many similarities. An import similarity is that the bear market started 9 months before the halvening event in 2016. At current time this would be translated to August 2019. This would be a price of bitcoin just below $3000. However, some analysts such as Tone Vays and Tyler Jenkins predicted the bitcon price would fall to a $1000-$1500 range. Tyler for example used a different method to analyse and he used hyperwave. A good strategy would be to apply DCA in combination of price levels. If you have a bag of 10k available to invest in bitcoin this year I would invest it as follow, starting from 1st of April: Every first of the month - invest $500 (apr-dec = $4500) In combination with: At a price level of $3000 - invest $1500 At a price level of $2500 - invest $1000 At a price level of $2000 - invest $1000 At a price level of $1500 - invest $1000 At a price level of $1000 - invest $1000 And for the rest, just HODL! ;)
BITFINEX:BTCUSD
by laurie123
Trend is about to being tested on BTC..As it's well visible from the graph, the downtrend is dominant in this motion. However, as previously said, the big support in the 3.000$ area is about to act as a recovery start. In addition, there is a high chance to test the mid-term downtrend line, actually sitting at 3900. We strongly suggest not to do any action at this current prices, but a long from the 3200/3300 area up to the 3800 area could be a smart move. Of course, you should close the position in case the 3000$ support doesn't hold, and increase the size if we break 3.900$ resistance Happy trading BFCM
BITFINEX:BTCUSD
by BFCMInvest
BTCUSD - GO LONG!!!!just my take on the future of bitcoin. ignore all these HODL s**t talkers about how the price going up for $100,000, dont let them sway your mind, dont trade or invest on what you hear or believe, dont let your emotions get the best of you, TRADE ON WHAT YOU SEE, the demand for bitcoin has has only changed a small bit but that is because of the greedy people who bought at 20,000 and lost their money, they dont understand the fundamentals. the so called bitcoin bubble isnt a thing, bitcoin has not crashed, it is a retracement. now my rant is finished. wait for a breakout of the wedge and a retest of the trend line. and again don't let the deluded bend your mind, only invest what you can afford to lose, whether is is $5 or $50,000. nothing is ever guaranteed. -Pauric Finnegan
BITFINEX:BTCUSDLong
by pauric99
[WAN/BTC] WANCHAIN BOTTOM COULD BE THERE [ POT 20-100% PROFIT]#WAN / BTC ( Binance ) Buy Range : 0.0001550-1650 Stop loss : Below 0.0001400 ( Short-term ) , Not recommend ( Long-Term Traders ) Target 1 : 0.0001979 Target 2 : 0.0002337 Target 3 : 0.0003204 WEEKLY CHART : - No new lows on price action - RSI pointing up , making new higher low/high - CCI next to turn into green cycle - Stoch RSI looks so good - MACD performing very good DAILY CHART : - Clear Breakout of the Daily Triangle to the upside - Good Volume Spike behind - Supported By Ema20/Ma50 - Ichimoku cloud breakout and closing above it - RSI, MACD and CCI going to the upside - Bottom Candle Spotted CONCLUSION : WAN has stopped its falling on August where it seems bottom has been found. Im expecting very good profits on long-term for this coin and ill probably check my targets for new ones when these got reached. On the short-term bullish actions is showed but market still lacks of volume proper of Waves 1 after massive dump. I consider a very good moment to invest if you are able to. Good luck
Long
by MikeCryptoSignals
Something different about BTC now, long time?!Hi guys.how do you guys cope in this market now? so hard right? but i am here. winning percentage over 70%! anyway,right now trading btc is very delicate. but from that pump to 6700ish(bitfinex 7800), maybe short term we have more upside coming. as you see in the chart, btc always did something that we all know. it creates a high, but it keeps on creating high, until 4hr, daily rsi shows bear divergence. right now, there are many bears that think we go to 5k now. but, i do not think right now maybe. maybe btc try 6700~6800, even 7000 before big drop. in terms of rsi and price, i think we have completed the drop from 6800 to 6000(bitmex), and finished off the bear divergence problem in short term. it hit 6700ish, but maybe that can be just the start of a new run, even though it can be short lived. you see in the chart, btc will not drop 800 dollars or 1000 dollars without showing the climax of the peak. we bottomed short term at 6000, touched oversold zone,4hr. and we had the crazy move up. now you guys know i am fully bearish, but i do picked some good long picks that worked so many times. now usually this needs retracement down, but since it is hovering high at 60~70 rsi zone 4hr, and bitfinex is keeping its price above 6680~6700, can mean something. so i am currently bullish, even in short term. some reasons. 1. consolidation in a bull flag->people should not short, even though it comes down. 2. bitfinex maintaining 6680~6700 price. 3. buyers at 6400/6480, keeps bouncing up. 4.if start of a short run, after bottoming at 6000 with 4hr divergence, in theory we should see 67 again, and maybe 6800/7000. this bull flag started from 6200 zone peaked at 6700. usually if bull flag work, it would go up to the size of the flag. therefore, if we go from 6400 zone now, it may mean 7000 is incoming. of course, in terms of weekly, monthly chart, it is still bearish. and, it can always risk a big drop. this is the bitfinex chart. if we have dropped, we have dropped already. it escaped the triangle, under resistance of 1hr red cloud. if price maintains its current position, it can consolidate until the end of the red cloud and climb up. in 4hr, bitmex and bitfinex chart can be seen as a bull flag. if we go up, price could move like this. if we go up to 65 or 66~67, that means btc whales want to clear the downtrend line zone, go above first, then give some retracement to the downtrend line. notice that thin resistance lies at 25~26th. also do mind that ETH announcement incoming at 28th. we could go up very fast, or go down very fast. if we drop from here, above chart is the expected scenario. so short term, we have choices like the below chart. price can successfully defend 6400 zone, and go up after 10~18hours from now. or, it can drop from 6430/6440 to 6300/6200 zone again. i am already in longs at 6417. it can risk of dropping hard any moment too. therefore, buy from 6000~6400. stoploss is 5800.
BITMEX:XBT
by Turningmecard
2
Bitcoin,at the most important time of the year!Hi guys! i nailed pretty much every move, but this time no! i did think it will go up to 68, and 69, but after another retracement to 6300 levels. but, daily ichimoku clouds, which the resistance wall was thinner from 27th was the name of the game, and 2 weeks before i thought that would be a play that could come. a boost from 27th~30th. i drew a chart before in comments about the scenario that would play. anyway, my stoploss was cut for opening shorts at 6550. i need to be more humble. believing in indicators too much. so from today, and for the next week or so, is the most important time for btc, which will decide its way up or down. check resistance each level. we penetrated daily 50ma, now resisted at 100ma. we have the downtrendline resistance at 6820 and 6930, if we manage to go over that we have the falling wedge line resistance at 7150. after that daily 200ma is 7300ish, finally weekly ichimoku baseline is at 7800. i believe if we manage to surpass daily 200ma, it is a very good sign that market is reversing, if we manage to even surpass weekly ichimoku baseline at 7800ish, go up to 8k, pullback only to 7800ish, we will be very much likely reversing from then to upper levels. alts are jumping, especially ripple and stellar lumen, which indicates a good signal, so we can think that these alt coin bottoms can be put. however, many alts are still in their downtrend descending triangles, which, we cannot be sure with their confidence. as we see btc, its good to see this as a falling wedge pattern, which, in the end, will reward us. for that, i still think a drop to 5k~5.4k is still in the cards, BUT! if we manage to go over 7800 and to 8k, i believe the falling wedge had already made a jump, do not need much more bottoms from then. if we breakdown from here, below 6100, we will test 5k areas. so as i commented before, if we break above 7.1k, we can buy at pullbacks(better 7.3~4k), or we can wait for the market to drop more. if we see clear bear divergence we open shorts. 1~2week from now, will be very, very volatile, which, the market would go in one way. heavy drop, or heavy bull run. observing the indicators, which i cannot believe too much, tells that 6.8~7.0k area can be the top price for this move. but who knows. btc, we should never undermine, or your shorts get stoplossed. for now, i do think btc will try a higher high above 6800 in coming days. i need to take some time to observe more, see where the direction would take us. i will upload any trading plan, long or short in comments. please feel free to ask any questions. happy trading!
BITFINEX:BTCUSD
by Turningmecard
1
BTC to 7.8K? one pattern from the pasthi guys. today i will show you little correlation from the past, where whales try to invalidate the bear market by trying to penetrate the weekly 21/50ema. it is strong resistance, with that dead cross, bear market continues. now, we resemble as the past 2014 November so much. see november 2014. we had same 21/50ema kissing each other, trying to make a dead cross, but see how whales reacted to it. they shot through the 21/50ema resistance, went all the way up to 460, 470dollar almost to 500 dollars. that is the weekly ichimoku baseline that time. however, it failed to penetrate that but just dropped real lower from that time. at that time daily, it went up the ichimoku clouds. a moonshot. look at us now. we also have a 21/50ema kissing now, trying to deadcross. our ichimoku baseline is 7.8k at the moment in weekly. we have few similar data that matches now circumstances. 1. back in november, it dropped made a bearish engulfing candle 2.but it rebounded right back the week after 3.it didn't make a clear bull div, by making lower lows, but instead tried to make a hidden bull div, higher lows, but lower lows in RSI and indicators. 4. it had the same danger of being dead crosses, with low low volume, RSI at similar numbers, same ichimoku cloud above 5.it also made bottoms at 270~300dollar range before the shoot up. now, in daily we have same red ichimoku cloud, now, it is easier to go over that from 18~19th, or 28th, or 29th. 30th is ETF decision, so short may be in favor that time around. SO if we follow the same path, and we go for weekly ichimoku baseline, 100% same as past, 7800 can be the highest it can go! BUT FOR NOW, this is just an information for you guys to check and observe. because, it is quite similar now, so we can study this, whether it happens or not. shorts are way too high again, and maybe a short squeeze to up levels and down can happen. even if it happens like this, after november 2014, it dropped and went to hell. so its just an IDEA, I do not believe this, but i am little aware of btc move now, especially for shorting, i do think we need to be careful. i still think we are extremely bearish, but i do think this kind of squeeze can happen in crypto world, where, sometimes charts and indicators are not important, what whales want is more important. so for now, shorting at 66, 67 zone, needs to be careful, so i will update more. for now, this '21/50ema cross' event like the past, is just an idea, a happening that happened in the past, not that it would happen. now, this idea is little more inclined to 'unreal', but something to look out for. so the chart i have been uploading. so check green, purple, red lines. i think, btc is making a hidden bull divergence now, and i do think a shoot up to high levels can come until 19th. so watch out for this. trading plan remains the same. 1.open long 6420/6380/6350/6310 target:66~67 2.open short 66~67 target:i will update this, if lucky 63.5 area, but maybe just 6580. shorts are way too high again, i don't like this sentiment now.
BITFINEX:BTCUSD
by Turningmecard
9
BTC, marching for 6700 dollars! is this a bull reversal?Oh! trading BTC is difficult. yes, not only me, but many TA's thought the same. BTC didn't make the bottom, chart does not look right, it will drop to confirm a divergence..no but it didn't! in the past, btc has made so many runs, before this heavy bear market from Jan. It only needed to hit the bottom, whether it is oversold or not, for now, i think bulls have two desperate reasons. 1. close weekly candle above 67 to maintain life, bullishness. 2. to short it from above level 3. market cap, on balance volume touched resistance, so it needs to test upper resistance 4.long bull div on daily, weekly basis 5. 4hr bull div 6. alt coins hit bottom line of descending triangle, needs to test upper levels ok, so there are more reasons that it can go, but it didn't win over people who bet on dropping. because BTC did not create a perfect reversal sturucture like it did back in so many months! it usually has to make a lower low or double bottom or something to create a run upwards. but the weekly close, maybe ETF coming up, many things made btc to go up. anyways, i do think this is not the start of bull reversal not yet. my another crazy prospection for the coming days. okay, so now we see a rising wedge coming upwards. it seems not really healthy, you guys so rising wedges fall to the bottom real hard, like last 7400 to 6200 drop. so another rising wedge is being created now. so this pattern risks a drop at some point, needs to find bottom level again to go up. at this point, 1hr and many indicators are overbought, so i think the peak for today and early tomorrow can be 65.5/66 or upper 66 at the most. i think if it wants to challenge 67, it needs to recharge its battery by retracing to bottom levels. if it just go to 67, i think retracement will be VERY heavy, we risk going to 6200 and below to 6100, or lower. so btc, will try to be smart, not going again to the bearish zone, but try to make 6300 zone firm support and kick back up again. and at 17th it will challenge upper levels at 66~68, if that closes above 6700 17th, it will be extremely bullish from then, which will target 7k at top resistance line of yearly descending triangle pattern, if we break that, show signal of bull market,yes maybe bear market is over. but i do think it will fall heavy from 67 zone to bottom support line, to 59 or 61 we will see. i really think, if we break 7k and go up, that means we finally escape the bear market. i may stoploss some of my shorts but i will be fine, because that will be the start of the bullrun. but, now, it is very early to say any of these, we are still very bearish, i still think we need to test bottom levels, not only btc price but the market cap, and volume also. we are almost there i think. so this chart also is my trading plan, that i prospect. so i add short at up 65, 66 level, sell that 63, go long there, try to sell it around 17th daily close. if we go to 67 level today, or tomorrow, i will update if that happens. guys again, this is only my speculation, idea, so don't believe this have your own trading plan. 1. open longs 6280~6350 sell:65~66, 67 2. open short short term open 65~66,66.8/sell 6350/6288 17~19th(open short up levels, if we do not close over 6700 or 6800, we will see) for ETH open short 220~250/stoploss 320dollars target 190/170 so, happy trading!
BITFINEX:BTCUSD
by Turningmecard
2
BTC, kicking back up again! is the bottom put in?Hi guys. yes, we had a spark up! one thing i am doing, after some weeks now, is that i have two bitmex accounts. one for short, one for long position. so i went long with ETH, 171 dollars, sold many of portion at 191 dollars. for shorts, i am swing trading it, opened more upper 63 level, and 6430, plan to open more at 65 and 66 if, it comes. so i will make this quick for today. it does feel good btc spikes up. I REALLY DO NOT WANT TO SEE 5K, OR 4.9K, SO SO SO BEARISH, if we dip that much we would not have a good bounce even in the end of the year. so easy daily chart. major resistance if we go up 6450, we have 6590(21EMA), and 6800ish(50MA). so mostly likely a heavy correction comes, when btc sparks up even with good bull divergence at these areas. i would think that, btc can give a heavy correction now, from 6400ish, since heavy bear divergence is printed out here. but, it can also spark to 65 zone or high even without that. so these areas are long position sell targets also short position entry targets. directional movement, still downtrend, not much to say. last time in august we had same kind of dirty up and down triangle formation, it went straight to 59 after making a higher high, with an evening star candle. so be careful. weekly chart there are about 4 scenarios, that will close in this coming week. 1. we go sideways 63~65, close there->more drop incoming,bearish 2. we close this over 67(still indecision, but making bullishness), we close over 69(yes bullish) 3. we correct to 59, come back up and close at 63~65(still bearish, maybe more room to go up short term, we need to see) 4.we close below 63->bearish normally, when we have a bearish engulfing candle, and we want to make bullishness, we needs to close more than at least 50% of the bearish engulfing candle to be better off. for now, yes, still not confirmed with anything, we need to see. so looking for some indicators. parabolic SAR still says that downtrend is not over, but we might have tk cross, which is bullish, it will happen if we go up 65,66 stabilize. however, ichimoku clouds, bearish, we need to see. big resistance now. macd still confirming downtrends, cmf i think it needs to test more bottom levels. short term, we see that heavy resistance 4hr 50MA is 6455, we just tried to surpass that we failed for now. so correction could come,if we do not go over that. bear divergence still in play, very bearish next target is 6590/6600. if that does not happen we have a chance to fall right to 59 zone, low of daily bollinger band. 4hr also has heavy ichimoku clouds at 65zone now. so short term trades, we have to see, right now opening longs for swing trade is not recommended, but shorts, yes do open them at 64 zone, and 65 zone in coming days. that means i still think the bottom is not put in for btc, it still needs to retest 61, or 59, to confirm some divergence. also, the candle sticks, volume does not confirm that 61 was the bottom. we need a bullish hammer or pin bar at 4hr or daily to confirm a reversal. now, my trading plans are 1. open shorts 64, 65, 66~68. -if you have already opened at 63 zone and 64 leave that. you should have only invested about 25~30% percent of your money. leave 65~70% for upper zone. invest about 30% at 65~66, it should be the top i think, but always leave 30% for 67~68, we never know. this is a swing trade, wait with patience. we will target at least more than 400 dollar points profit with this. target:6100/5950,6000 2. open longs for short term. open longs 6290~6310 sell:6350/80/64.1~2/65+@ ->if the spike only goes to 63.5 or 63.8, need to sell right away i strongly recommend to go long or short on alts now, eth, or cardano, can be good bet.i think, ETH is confirming bullish good patterns here, eth can be better to go long at 170ish, or low 180dollars, scalping to 190ish, or even over 210~220 dollars, with about 20%~30% of your money. i will check. btc,long term opening long term entries will be 5950, or even below, this needs to be observed. that is about it, have a good one today!!
BITFINEX:BTCUSD
by Turningmecard
2
BTC, What would happen this month?bullish scenario!Hi guys. yes btc made a little upwards movement! i like it even though it is short lived! i sold some longs, shorts at 64/64.2 got filled in, but i sold some at 63.3 level now looks like it wants to come up more, to 64~65 zone, in next 12~24 hours! anyway, in the big picture, what would happen? would 5k 5.2k come? possibly, but, BIASED IN BULLS, i want to show you a possible scenario, that doesn't dip to 5.2 5.5 in the near future. this chart invalidates, as soon as 5800 breaks down in the coming days or weeks. so this scenario, has some proof now. 1. btc show bull div, in long, long time frames from months ago at 57~58. 2. we keep bouncing from that area, with daily rsi making higher high whenever the dip. 3.etf event always move the market in bullish way, if it dips too much to early 5k, belief will be lost 4.alts in descending triangle, would drop more in the future, but short term, many are too oversold, bull div on frames, need to make a little upwards channel in the descending triangle 5.btc looks like it might make a higher high in rsi 35~40 area, when it dips(that means now btc needs to go high to 64, 65,66 to recharge gauge until 14th) 6. weekly candle bearish last week, indicate more drop would occur. 7.every time the dip, we have higher bottoms(5750->5820->maybe 5900ish)->indicate triple bottom formation is in. usually third bottom is higher then the former bottoms HOWEVER, all this will be invalidated when it breaks 5800. that means this TA is GARBAGE instantly when it dips lower than 5800. so keep in mind. i will comment this ta as garbage if it dips lower then 5800.haha you see the chart, i have almost 80% conviction it will drop until the end of this week to 59/60 area. after that it would challenge upwards, but, come down zigzag. so september trading range might be 5.9k~6.8k. which is so gloomy now. early october, risk more drop too, we need to see. you see, this zone now, tricky, btc peak high comes down, volume drops, so price range is very tightening. so i think september is boring, and october could risk a real, real drop to 5k, or even below. because, we do see drops are mitigating, BUT, we also see that weekly bull div, daily bull div, is not yet no convincing, not really significant. if this is significant, we should have already have the bull run. so maybe a REAL DROP can happen in october, and early november, to confirm the real bottom. because long term uptrend line, in btc, still indicate a touch to 4.9~5k can be possible. like below. so short term,trading, is already as mentioned, we add up shorts. although, i have two accounts(long/short) so i do that too. so this can break down any moment, 1hr rsi is already at peak, which normally indicate 64is the top, but maybe another leg up to 64~65 zone can be possible, which, most likely should show a wick candle and retrace severely. even though, we have 15th etf event, which the bulls can pick up and go up. or 59 zone can come this week, before the weekly close who knows. so trading plans are. 1. open short 6400/6440/6470/6520 leverage more when it comes higher stoploss:6580 (if this goes over 64.8, retrace to 63.8~64.2, starts to be supported by 64, we sell shorts wait for more high) 2. open long 62.5~63 target:64 zone -little risky this call. we have to see if triangle bottom is supported happy trading!
BITFINEX:BTCUSD
by Turningmecard
6