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Moon

Bitcoin on its way now to 50kAs predicted Bitcoin continued a short-lived correction wicking down to about 43.8k before now shooting back up and in the 46k range as of this writing. Altcoins have recovered just as strongly - ADA is crossing $2, ETH is still well over $3k. We are seeing as predicted support from the Bull market support band - a critical zone for bulls to defend if Bitcoin will go on to 50k and then 100k later this year or early 2022. I did not call for shorting as it seemed like it would be short-lived and many were liquidated last night. I trade for overall greater movements and do not function as a day-trader. I now expect Bitcoin to rise another 10% to 50.000. I expect it will hit it within the next week or so, and definitely before the end of August. Lots of analyses provide support levels that are too low. Almost always with trading set orders slightly higher than called support levels. Anyone submitting for 42k did not get their orders filled and now Bitcoin will have a strong green daily candle and with likely rise will be buying at much higher levels.
BITSTAMP:BTCUSDLong
by ffara
HOUSTON WE HAVE LIFTOFF!!!Greetings Earthlings, today you shall become Astronauts as you venture to the moon in your rocket ship. If you take a gander at the chart, you will see the biggest opportunity since Little Einsteins. WE'RE GOING ON A TRIP IN OUR FAVORITE ROCKET SHIP LITTLE EINSTEINS. CUM FLY WITH US AND PREPARE YOURSELVES FOR THE ERECTION OF PRICE TO SPLOOGE INTO THE STRATOSPHERE AT WARPED PENIAL SPEED. JUST BUY THIS STONK AND WITNESS THE GREATEST RETURNS OF THE 21ST CENTURY AS ITS CIRCULATING MARKET CAP RELATIVE TO ITS EPS DIVISIBLE BY THE REMEDIAL AVERAGE OF PI EQUATES TO THE BIGGEST LOPSIDED TRADE SINCE THE 2008 HOUSING MARKET BUBBLE ABLE TO GENERATE RETURNS OVER 1000X OF YOUR RETIREMENT FUND. WE HAVE A 100% SATISFACTION GUARANTEE FROM OUR PLETHORA OF CLIENTELE AND IF AT ANY POINT YOU CAN REFUND YOUR TRADE AT THE CURRENT MARKET PRICE AND BASED ON MY ESTIMATES you will more than likely breakeven as 99.99% of traders actually lose money and WE ARE O.01% THAT DO BREAKEVEN AND STAY IN THE MARKET AND IF YOU REALLY THINK ABOUT IT THATS ALL THAT MATTERS!!!!
Long
by Blayze
2
Just another look at LINKLink looking ripe for a real screwed up season. We're sure to see bears take full advantage of the high RSI and stuttering King (BTC) and may try to hard short LINK. Fortunately, the LINK community is one of the most die-hard, zealous groups of HODLRs we have ever witnessed. Maybe with the right pullback -- I'm personally going to accumulate if the price goes below 20 at all -- the slingshot to EW move 3 can get Link Marines the returns they are hoping for. Not advice, just practice and speculation. We worked backwards with this EW prediction. Feels right, but as usual, most things depend on BTC. The hard breakdown you see highlighted is a general rule of thumb. Breaking that median line and continuing downward is a bad sign, the opposite is true if it breaks upwards. Never Advice. GLHF.
COINBASE:LINKUSDLong
by Ignignokt
5
TrendTracers Weekly Market Analysis #10Small hiatus past weeks but we’re back at it again. tldr: This is not a price to FOMO buy. In fact if you didn't take profit near the last top now is a good time to do so. BTC Last analysis we predicted a test to 42k which played out very nicely. We managed to get in the market on the buy signal provided by our strategy depicted in the chart. We hit our first target at 42k and our second target is the 45k-47k area. The weekly trend is still considered bearish according to our system. Price is about to test resistance so it would not be wise to call for the next bull run here. The bullish case on the weekly chart would be a break of 52k. The bearish case would be rejection from current resistance and to cause maximum pain it could test below 29k. Another scenario would be a higher low formation within the last developed price range between 42k-29k. We are a bit weary this might be a FOMO top where inexperienced investors rush in to catch the next bull run. We notice a lot of bullish sentiment on the social channels while the market is still in a corrective state. BTC.D is creating an ascending triangle, we’re waiting to see it break above 50% or break down to test the lower end of the range around 40%. The latter would be considered bullish for altcoins and the market in general. ETH Ethereum is currently testing liquidity above 2900, it might squeeze to 3400. There is no reason to be completely bullish just yet because the market is still correcting on a larger scale. However this is a good time to start taking some profits if you are invested in ETH. ETHBTC broke up from the descending triangle depicted in the chart. It might test 75000 sat and start ranging. We have yet to see how price will react on the red order block in the chart. USDT.D/DXY USDT.D coming down nicely from the fakeout high it formed above 5.00%, which correlates nicely with the bullish movement of the market in the past few weeks. For now this is considered bullish for crypto. The DXY is still testing the resistance of the range depicted in the chart. A weekly close above 93, as stated in our previous analysis as well, will be bearish for the global market. TOTAL1/TOTAL2 Finally something to say about the TOTAL, although not much. TOTAL1 is within the distribution range, we don’t expect it to climb much higher. TOTAL2 however, still has some room to go up above the 1 Trillion indicating a small alt season yet to come. Did you guys make any profit or want our take on any coins? Please leave a comment+like and we'll review them! ~Trendtracers team
Short
by dab1rd
1
Bitcoin, Baseball, & the Lunar CyclesBitcoin, Baseball Superstitions, and the Lunar Cycles: Using the Moon Phase Indicator to Enhance Your Trading Success It is rather well known amongst the trading community that J.P. Morgan once stated, “millionaires don’t need astrologists, but billionaires do”. I wonder though… Do most traders know that Evangeline Adams, the financial astrologist he chose to consult prior to big plays, was also the same woman sought after by other high ranking executives and famous magnates of the time such as Charles Schwab? Not a bad coach to have on your team even if others might question her methods. When I first began learning about and living the trading life, it reminded me of baseball fandom and superstitions. I always felt a little bewildered that a community that prioritized statistics, analytics, and logic could have a magical underbelly of inexplicable traditions amongst its players and spectators alike. There are so many infamous rituals in baseball that are—often unintentionally—mirrored in trading. 

 Baseball: Never talk about a no-hitter while it’s in progress
 Trading: Never brag about a trade until you’ve secured profit 

 Baseball: Refusing to wash hats, uniforms or clothes during a winning streak
 Trading: Often not washing yourself, the loungewear you’ve putzed around in for a few days, or the coffee mug you are consistently refilling during a trading bender Whether you don’t believe in superstitions or you’ve never missed Sweet Caroline with the Sox, everyone can agree that there are always matters unseen at play. Some things in life, baseball, or trading are just left up to chance. While some players blame poor performance on their lack of ritual follow through others will credit their rally to a stinky, inside out cap. In this classic “chicken vs. the egg” scenario; there are no concrete, analytical methods to prove correlation nor causation, yet people believe in them anyway. Similar to the argument over the validity of superstitions is the classic trader argument over the validity of indicators. Some claim price action is king and all indicators lag while others claim that price action is largely driven or influenced by these same indicators. Chicken: meet egg. To quell the civil war in every classic sitcom, sport, or hobby there always has to be one outlier that seems to be universally despised, questioned, or teased, and in trading that *coveted* role belongs to the moon phase indicator. Does it deserve all of the hate that it gets? Well, of the many natural patterns integrated into trading, one of the most well-regarded is the Fibonacci sequence. Although some may argue fibs are more technical due to their mathematical nature, others may counter that fibs essentially provide broader, more general intervals that price simply likes to range between. Uniquely enough, the moon is not a lagging indicator as its cycles and intervals are all predetermined based on previous compiled data, much like fibs. For how much the market preaches about cycles, theoretically, I am surprised there has not been more interest or research devoted to the astrological relations to trading. Conceptually, and scientifically, I can understand the doubt since little to no data has been quantified into a validated format. Much easier to study seashells than planets. Last, but not least, there is a lack of uniformity over application; mostly due to its lack of use. The moon phase indicator used here correlates local bottoms with full moons and local tops with new moons. The swings between cycles seem obvious, and I believe they are more easily seen on assets that trade 24-7 such as crypto in comparison to other markets with designated trading hours because, like the moon, the market is constantly in motion. The moon phases are like playoff beards. Everyone can grow one.. but it doesn't "look right" on every face. If you are willing to believe in superstitions, and you can't call the chicken or the egg.. why not open your mind to the moon phases? After all, part of the reason why we're drawn to the moon is its mystery. Like many trading indicators you use, you may not know the logic behind it but, "hey, if it works!".... ;-) Whether you are bullish, bearish, or anti-goat (Go Cubs Go!), Bitcoin finds its spectators singing in the 7th inning stretch, wondering where the next 2 innings will take us. Will the the August 8th New Moon follow trend and print a local top, swinging us down to the 22nd Full Moon time where we will see a local bottom? Or, will the momentum from the July bottom (Full Moon) carry us up and into extra innings of a bull market for crypto? Unless you’re a billionaire like J.P. Morgan, whom happened to have an astrological consultant at his ready, I guess the Moon Phases indicator in Trading View will have to do. My technical opinions on BTC are as follows: I do not believe that BTC will surpass 50K (or hold any brief break into it) due to the primary factor of psychological resistance. In addition, the point of control within the 49s really limits a break into the upper trading range “block”. Due to certain cycles, I believe the end of March marked the high for BTC. Statistically, I am firm in my belief that trading with the moon phases have demonstrated the best r/r opportunities for trading Bitcoin thus far. **NOTE: The tops/bottoms are not often occurring on the exact day of a new or full moon; rather, it provides a nice 3-4 day range, providing you with GREAT opportunity to scale in.** Cross reference with confluence and setups are a cake walk. I do believe that the new moon continues to show local tops and full moons continue to show local bottoms, though sizes of the swings on previous blocks or fractals may vary. Uptrending swings (from the full moon leading up to the new moon) measure as larger movements while downward swings (from new moons to full moons) have been more mild in comparison. 

 Bullish Scenario: 
 From Jan 21 BTC has completed a pagoda pattern and has consolidated in this high 20’s/low 40’s range. You could consider the May ’21 to Aug ’21 patterns on the daily as a bullish megaphone, which would suggest that as of this weekend (PA from Aug 7-8) price has broken towards the upside. BTC is likely to retest the break, and if it can flip the low/mid range 40s as a support, I believe we see 47 or 48K with deviations into the high 49s—maybe a kiss at 50 if we turn out the rally caps. 

 Bearish Scenario: 
 BTC has been making higher highs but until recently was printing lower lows with the bodies. Untested old levels remain, but like many growth stocks (looking at you, Proctor & Gamble) it is entirely possible those levels get retested. Nonetheless, I could be wrong about the pagoda pattern being finished, with BTC wanting more retracement to the downside. Pending regulations re: crypto, the 20s may be revisited where—*SHOCKER*—like a veteran pitcher that still throws heat, big bankrolls were able to scoop it up at a bargain price. Neutral Scenario: 
 BTC makes it to some conference games through the Fall (pushing the ceiling at 50K) but can’t seem to make it to October. Price ranges, slowly consolidating until the off season comes. BTC can crush some brewskis, let its figure go and hibernate for the crypto winter, maybe making one or two appearances on TV or TikTok before revisiting us in the Spring. Blame it on the GOAT.
by amizzle
10
I Think Bitcoin Will Maintain Its Support ZoneBINANCE:BTCUSDT I think that Bitcoin will maintain the support area, and return to test the forty thousand levels, and if it fails again to break it, there is a possibility of a violent decline, and if it can break it, it will be a strong rise to the top, but now I do not see from my point of view a violent decline. I am thinking of buying when there is a false break of the support area shown in the chart This is not investment advice, but rather a personal analysis. Do your research before trading or investing Check My Previous analysis about BITCOIN it's intrested I wish good luck to everybody
Long
by SCALPOO
6