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Nixcoin

Zcash has a hidden cousin 💎 Noir ($NOR) Looking at the Zcash charts, one can see the magnitude of a properly implemented privacy coin: Zcash is clearly edging up higher and higer as people are either remembering or realizing that privacy coins are very important as a hedge. Nobody wants their portfolio to be caught in a trap caused by government regulations and privacy coins help prevent this. Zcash is and always was critically important with probably the best privacy protocol called zk-SNARKS. Though they are using two different privacy protocols, there is a somewhat related privacy coin which is completely under the radar called Noir. Calling this out for those looking for a hidden gem. The team is very actively developing and new exchanges are coming online. Take a look noirofficial.org Financial disclaimer in signature. DYOR. Good luck.
Long
by CryptocurrencyWorkingGroup
Bitcoins Breakout LevelsHere is my take on breakout targets for both Bitcoins. A couple of things to consider: BCH is stronger now, so if you're going long, consider BCHBTC for more gains. The pattern is BCH is of greater quality, looks more safe, whereas a downside breakout in BTC may lead into the pattern's broadening. Be sure to apply aggressive money management when working with breakout patterns. Move SL orders to breakeven as soon as the market allows for. The volume is so low these days, that it takes a couple of big traders to control the market (trigger your stops). Correlations in the market are very tight, so you may find similar patterns in many altcoins.
COINBASE:BTCUSD
by Nickonomics
7
Bitcoin (BTC): The Wave SetupNothing is happening in the market: volatility has become extinct and coins' trading fallen out of fashion. Range-bound bots and robotic humans absolutely prosper in this environment. The price was unable to break the 7700 threshold. For me this is a bearish signal. Indicators provide mixed signals, so let's examine wave structure. The move from May 29 is a 3-wave correction within a larger downtrend. A price drop below 7500 would confirm this scenario.
BITFINEX:BTCUSD
by Nickonomics
10
Bitcoin (BTC): Impulse Extension vs H&SIn the previous idea I laid out a plan to go short below 7320 key level. The price didn't go down that much and nothing was triggered. Now ought to consider both the bullish and the bearish scenarios and apply the breakout strategy. The Bull is activated on break of the 7700 crucial resistance. In this case impulse extension is quite probable. Bitcoin Cash setup would be triggered too: The bear is back in play below 7400. In this case H&S pattern will be active. Patience is key.
BITFINEX:BTCUSD
by Nickonomics
10
Bitcoin (BTC): The Last FrontierThe market takes no particular interest in trading these days: the volume is very low, volatility - non-existent. No wonder nothing has happened since the previous update. Still, this anemic price behaviour suggests that the bottom might not have formed yet. There are a couple of technical bearish considerations: The price failed to break resistance of the descending channel combined with the moving average; The bounce from April 29 took the form of a 3--wave correction; The Inv. H&S pattern will be invalidated below 7300. My strategy is to go short on the break of 7320 level. Key levels & bearish targets are drawn on the chart.
BITFINEX:BTCUSD
by Nickonomics
18
Bitcoin (BTC): Key Intraday LevelsNot much has happened since the last idea was published. We're still working with the Inverse H&S pattern, and currently the price is testing its neckline. The pullback may unfold further, so I draw a couple of important support levels: 7500 is the key point of control 7320 is the right shoulder level. If the price breaks below, the H&S pattern is invalidated, and we will most likely turn bearish Volatility is almost non-existent these days. Breakout strategies are less effective than usually, mind that.
BITFINEX:BTCUSD
by Nickonomics
3
Bitcoin (BTC): The Fractal Is Working Thus FarIn the previous idea we identified a bullish fractal - price behaviour identical to early April. Today the price broke from the channel confirming the setup. From the trading perspective, I was lucky to indentify optimal buy points on a pullback: Currently, there are two target zones for buyers, drawn on the chart. Oscillators and moving averages have confirmed the upside bias. Also, don't forget about XLM as it is following the script.
BITFINEX:BTCUSD
by Nickonomics
11
Bitcoin (BTC): Fractal Trading - Mid April RevisitedIn the previous idea we defined the breakout from the wedge as a trigger for going long. It worked out nicely pulling the price from 71xx to 7560: Now that the price reached the channel resistance, we wonder if the bottom was indeed formed. To confirm this I would like to see the break of the channel (7670 area). This setup is very similar to early April days. The price surge is identical, and the break of the trendline resistance confirmed the bull at that time.
BITFINEX:BTCUSD
by Nickonomics
13
Bitcoin (BTC): Finding the BottomIn the previous idea we defined the current reversal zone as 6950-7100. Overnight the price dropped to 7040, triggering some limit orders: I still expect the bottom to be formed in the next couple of days. There a couple of technical readings to consider: Key Support Area Bullish Divergence (RSI, MACD) Falling Wedge pattern Volatility Squeeze Pattern. When this pattern emerged last time, the price plunged. This time the opposite is expected. Breakout from the wedge may serve as a trigger for longs.
BITFINEX:BTCUSD
by Nickonomics
12
Bitcoin: Nix Daily Price UpdatePreviously, we anticipated new ATH and made bets on how much higher price will go. The pitchfork channel setup allowed for some 5%+ deals: Forecasting Currently, there is room for more growth towards $17 700 - $18 000 zone. This is suggested by wave structure, which looks incomplete - final 5th wave is due. The problem with this chart is that the segment from $17 270 to $15 960 is ambiguous. That's why I'm not sure that 5th wave has started. Trading The safest bet is to enter new positions within $15 100 - $15 400 range. This would allow for appropriate risk/reward ratios.
BITSTAMP:BTCUSD
by Nickonomics
2
Bitcoin (BTCUSD): How Much Higher?Previously, we made a bold attempt to short BTC with a tight stop of 3%. It was unsuccessful: Bitcoin futures debut at CBOE was grand. CBOE's website went down just at the launch, and the exchange had to halt trading twice to 'inhibit' the bulls. Currently the futures (XBT) are trading at 17 680 (+14.35%) - higher than Bitstamp and Coinbase prices. This contango is typical, but the price spread is shrinking by the hour. Forecating Back to the spot market, there seems to be little doubt that price will mark another all-time high soon. The question is: how much higher? The nearest target on the chart is 16 880 - 16 935, the next is 17 730, and, finally 18 075. Use the pitchfork as price channel. Random thoughts Bitcoin market seems to reflect the global shift of financial power from the Euro-Atlantic region to the Asia-Pacific. More strong price moves occur during the Asian session while we are sleeping and don't make charts.
BITSTAMP:BTCUSD
by Nickonomics
3
Bitcoin (BTCUSD): Correction Warning and LevelsPreviously, we entered a long position as part of "buying the dip" strategy. The trade was marginally succesful, as it didn't reach the second target of $16 147: Forecasting This time we are looking to capitalize on the next leg of correction, which began on Dec 8. If this correction progresses (yet to be confirmed), it is likely to take the form of either Flat (3-3-5) or W-X-Y (3-3-3), and push the price down to $12 800 and below. Trading The trade setup is based on Andrews' pitchfork. Break below $14 000 will activate it and set the first target near $12 800.
BITSTAMP:BTCUSD
by Nickonomics
5