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Kraken

Bitcoin Next Move Outlook for the second half of FebruaryOn February 7 we started to break indecision which lasted from the end of January. Now its finally confirmed that Bitcoin price will rise, at least for some time from now. RSI is still low around 60 on higher timeframes above H4. Uptrend is confirmed by quick breaking resistance levels which are subsequently confirmed from the upper side and price climbs by this steps up and up. Last week we also see rallye on different altcoinf such as ETH, MAID, XMR, and many others. However it soon turn out that all this false hope will end in tears. ETH will never make higher high and my prediction is that by the end of February it will decline back to price where it was and in the future ETH price will inevitably comes to almost zero.... CNY is depreciating and thus bitcoin price will go up. However there exists some tiny possibility that price rose only to decline even more - now on H4 and H2 and H1 we can see divergence between price and RSI however taking into account all other fundamentals and TA this very probably prove to be wrong what on the other hand only even more confirm the uptrend and make uptrend even stronger and thus the final price which we are heading to will be even higher. My current prediction is that we are heading to $450 level or above. Perhaps we can just see new price canal which is established between $360 and $460 with occasional price flashes more up or down depending on price pumps which occur on different exchanges. Very probably we reach $460 or CNY 3000 soon. I think now we are making another CNY 500 up from previous decline CNY 500 (which made a triangle which high was CNY 500). I am very bullish on Bitcoin long term and my short term predictions turned bullish as well. Unfortunately I sold most of my Bitcoins and now I must buy them back again so I am byuing on decline and selling on tops. happy trading Let me know what do you think in comments below :) How much profitable trades did you make?
BITSTAMP:BTCUSDLong
by SunnyMorning
XBTEUR: Republishing with weekly viewIn my last Bitcoin chart, I covered the monthly developments in the Kraken XBTEUR pair. Currently we're one week away from the end of the year, and closer to get more clues about the recent developments in price action. After this week's close, I'll be able to determine the direction in the short term, and after the monthly/yearly close, I'll have a much clearer picture of the main trend's progress. On demand from one of my followers, I used weekly bars and overlaid them with the MTPC indicator, since it provides us with an 'inside scoop' on the monthly price action while the bars are developing. Right now, Rgmov is in a strong uptrend in the weekly and next week is decision week for Bitcoin. If we don't see price move past 457.02001 in one week, it'll be of moderately high probability to see BTC price slump and head a bit lower in the intermediate term. I'll update this one when relevant. Cheers, Ivan Labrie.
Long
by IvanLabrie
BTCCNY: Bitcoin's following stocksI expect to see a bit more of a selloff in BTCCNY. The options expirations we had on Friday/Saturday implies no downside protection, and clearly the market already started to react to the record amount of puts that expire in the 1800-1900 region for the S&P500. BTCCNY has been following the stocks' direction since July 2015, which is interesting, and comes right after the LTC 'pump' and the suspicion that chinese investors were using BTC as a means to escape regulatory controls and move money offshore. Price action justifies this line of thought, clearly. This decline is a retracement in a larger monthly uptrend. You can check the related ideas for my larger picture view of the rally and targets, and also check out the signal I gave to my group today below: Contact me if interested in getting timely alerts for all the BTC trade setups that we cover. Cheers, Ivan Labrie.
BShort
by IvanLabrie
10
XBTEUR: Bitcoin's monthly signalsIn this monthly chart I have outlined the different support and resistance levels on the monthly chart for Kraken. I'm using this pair, since it appears to have real volume data and a more legit price action so to speak, unlike that of other exchanges with wash volume , rogue market maker activity and whatnot. The target for the first monthly signal has been long reached, and part of that trade could be closed there (as signaled by the chart). I had shared monthly longs to capture this movement before, but for btccny1.00% at btcchina and also bitstamp . Currently the trend is up and we have more and more evidence of continued strength. As long as price is supported above 324-354, it'll be more and more probable to see further continuation. I will update this chart when we get a new monthly long signal, with a defined entry, exit and stop loss. Potential targets are on chart and also the target for the currently active trend in pink. If interested, I'm running a Bitcoin trading signals group, contact me for more information to join. Cheers, Ivan.
Long
by IvanLabrie
10
BTCUSD/BTCCNY: Intermediate term trend signalThis chart presents trend signals for 8 Bitcoin exchanges, using the daily chart. If price were to move to the entries on chart before the daily close, it'll be a very high probability trade, considering the recent failure to move up, more than once, and the increased volume present on the profile distribution. Good luck if taking any of these trades, and remember to check out my private group information. See my twitter page for more info on how to join: ivan_labrie (first tweet). Cheers, Ivan Labrie P.S.: The long term outlook won't change unless price moves under 1548 in Okcoin, keep that in mind, so I will be going long in a separate account as well. I'll update the chart after the daily close.
BShort
by IvanLabrie
1
ETHXBT: Ethereum has a very clear triangleMy analysis of this pair suggests that Ethereum is about to break from a huge triangle present in the daily chart. The volume information tells us that the fair value price has shifted up and down 5 times already, in smaller and smaller swings, time and price wise. This is typical triangle behavior. The safest way to trade it is via a breakout, but I think it will just dive down, so, this is a short in my opinion. You can enter on breakout, but I'll leave my forecast for time and price intact. Cheers, Ivan Labrie P.S.: Contact me for access to my private groups, currently providing trading signals for BTCCNY futures, analysis on request, private tutoring and also Forex signals and coaching as well.
Short
by IvanLabrie
2