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LONG ETH/USDRight time to open your ETH long positions, this time according to the news! 1. Beijing-based Huobi, a Chinese crypto trading platform founded in September 2013 and one of the largest in China announced that trading in CNY/ETH will begin on Wednesday of this week. Trading will start on 12:00 May 31st (GMT +8). ETH deposit and withdrawal will be available from then on as well. Huobi is offering the following incentives to commemorate listing of ETH: – From now to May 31st, if you trade BTC or LTC, you can get 5mETH for free. – From May 31st 12:00 to June 3rd 12:00, ETH trading commission fee is 0.01%. – From June 3rd 12:00 to June 8th 12:00, ETH trading commission fee is 0.05%. 2. Recently, OKCoin users have taken interest in the development of Ethereum (ETH) and Ethereum Classic (ETC), and there is an increasing demand for OKCoin to enable ETH and ETC trading. For the past two years, we have been constantly reviewing the viability of listing ETH and ETC based on factors including technical maturity, innovation, market liquidity, and compliance. OKCoin will officially enable Ethereum (ETH) deposit and withdrawal services on 22:00, May 31. ETH trading services will be officially available on 12:00, June 1. 3. 1 hour RSI is below 40.00.
KRAKEN:ETHUSDLong
by LSD
1
Bitcoin - Last Gasps of a Dying ManI know, "IT'S NOT THE TOP YOU IDIOT!", but here I go anyway lol. Easy for me to say that this is a top, being that i'm not invested either way but IMO I do have a unclouded and unbiased judgement So I'm looking at the 15500 level as a level where shorters shorted - that level is weak and needs to be run. 16200 level looks like a good level to reduce your longs right down or shut up shop completely. Fomo could take it up to OTE around 17700. After this i think we will see the next level around 9000 yuan reached pretty quickly where I will need to re-evaluate, but should see a bounce there I recon this last pullback will hold for a long time. I'll be joining the long term HODLers when we get sub 5000 yuan. Stay safe out there and remember greed will bite you in the ass eventually!
BShort
by SunnyBOT0
2
BTC WEEKLY CHART: "The Panic Zone" It's F'UglyThis has to be the ugliest chart I've seen in a very very long time. Where to begin... The top was put in when the US SEC ruled against allowing the Winklevoss twins to create a BTC backed ETF. They had spent the last 2 months accumulating asset to back the ETF and then dumped it all at once when it was obvious they should put their money somewhere else. That broke the steep solid red trend line I am calling the W.Voss trend. Price has dropped down to support at the second red dot trend I am calling the Chinese Insider trend. Price bounced off the trend and now all the helium has come out of the balloon and price has dropped back down creating a giant $120 sized "Dead Cat Candle". A DCC is a harbinger of doom to the Chinese Insider rally. The fundamental here is that the PBoC , China's SEC, has shackled mainland based BTC exchanges creating all sorts of problems for the Chinese investor to divest. On top of that, OKcoin is teetering on extinction. I would bet my valuable wooden nickle collection that the dotted red trend is kaputski. That leaves the 2 year rally as the only real long term support on the chart down around $850. So here's the real warning to y'all. The counter trend indicators are screaming SELL SELL SELL. The volume has been dropping for nearly 2 years. MACD is about to crossover to the dark side at its highest crossover point since the blow off top in early 2014. The Stochastic oscillator is showing that the current decline still has room to drop. It loosely predicts a decline to the feared PANIC ZONE. That implies a 2 year trend break and then a precipitous drop. Fundamentals: Bitfinex issued an announcement about a grand fork in the BTC hash chain. They and about 12 other exchanges differ with the major miners about how to proceed. Bitfinex leads the market in hedging their bets allowing speculation on the future of each fork. In the mean time investors are bailing into other cryptos. Etherium has taken off, up 300% or more along with several other winners. Not all the cryptos are winners. Litecoin continues to lose value. All of this indecision along with the government thugs have cast a huge dark cloud over all of us. Does this deter me? Not one bit. I'm looking to snatch up some cheap coin. I'm gonna wave my cowboy hat and ride this hydrogen bomb all the way to ground zero. YeeeeeHaaaaahhh.
BITFINEX:BTCUSDShort
by investigator
5
BTC WEEKLY CHART: "The Panic Zone" She's got LegsRead along while humming ZZ Top. This leg is formed much better than the blow off top leg 2 months ago. The only problem is volume is diminishing and that usually is a sign of the end. There are some contradictory indicators. MACD and RSI are showing this rally to has a little more room to grow. The angle of this leg is unsustainable and the price has broken through into territory which should display top side resistance. I would bet this part of the rally is more cup wall building and cups generally top below the left edge. Prudence would dictate that it's time to pull down some profit. The wild card fundamental is the PBOC and a potential court ordered exchange failure at OKCoin. The Chinese government just wants to get their grubby dirty rotten regulation hands all over this. I still don't think this is the cosmic moment for a colossal breakout. I am having fun with the ups and downs though. $900 by July is still in the cards although please note I was calling for $750 by February. I was only off by 30% but who's complaining. One thing is for sure, the main stream media is looking the other way. Not one peep about BTC approaching its all time high. Their all focused on the Trumpster and the street performers acting out the "cry-baby revolution". In the meantime the Euro is still crumbling. Greek debt is making a comeback pitch. Bonfires are ringing Paris. Stockholm is in flames. And, here's a new one, high levels of radioactive Iodine has been detected all over the Euro-continent. Looks to me like someone farted out a dirty home made nuke bomb. Cesium is power plant, Plutonium is H bomb, Iodine is medical. Get out your Geiger counters its time to wand before you eat. All kinds of Panic going on.
BITFINEX:BTCUSD
by investigator
5
Magic X-point 2 Triangles Fractal, again? OK. I think most of you know well what is my idea when you look into chart, but I must describe a little. Rules: 1. Lines are not accurate, because we don't need precision to show general idea of this fractal 2. I use Bitfinex 1d but I'm almost sure similar patterns cn be presented on Okcoin chart 3. I'm not sure it will go down, but whole fractal is pretty interesting to focus on it Observations: 1. Since 2015 we have clear uptrend with clear 3 sequences of strong impulse, correction, triangle, consolidation and again impulse. 2. We can draw channel - we don't need very accurate lines. Channel (white) is little broadening. 3. Tops of each 3 uptrends are very nice to see at RSI double/triple top on overbought. Time between top 1-2 and 2-3 are similar (200-230d). % of rising each new uptrend is also similar but goes down a little (around 100% to above 80% to above 60% of actual, 3rd impulse). 4. We have weaker volume each time (doesn't matter to idea of this chart but we can see it very clear). Most important points: 5. Each time after top we saw a "triangle 1.0" (triangle in 1st version). Upper line is grey, lower BLUE. (In 2nd uptrend, I draw 2 lines because to be honest lower line is accurate but higher fits better to our chart... but it doesn't matter and not changing anything to fractal) 6. We finished 2 cycles and now we have 3rd cycle in middle and in very important point. We saw that pattern: BTC formed triangle 1.0 and went down to form longer, new triangle (triangle 2.0). New lower line of tr.2.0 is grey. We can see that in new triangle, BTC is going to lower line of channel, near EMA 100 and 200 and we have consolidation with good place to buy and start of new cycle. 7. What is point X? We can see that X is place where triangle 1.0 have 3rd touch of higher line and have bearish continuation. BTC is going down and forming new triangle 2.0. OK. Do you see now? Now we are in point X in 3rd cycle. Very important moment. IF we are not going to move much higher soon, BTC will probably go down from actual triangle and will form triangle 2.0 with possible low around lower line of white channel, near EMA 100 and near ending of triangle 2.0. It would be 3rd time we copied that "pattern" or "fractal" whatever you want to call it. I'm not saying we will go down for sure but if we will go down from actual triangle we probably will copy pattern from early 2015 and mid 2016. But you know fractals are fractals: can't repeat forever. So even if we will form tringle 2.0 with X-key point now, I don't know if we'll copy buy are by lower line of channel and ending of new triangle. This is all very interesting and I'm dying to see what will happen. :) Thanks for reading, sorry for my engrish wrr:-)
BITFINEX:BTCUSD
by oldstout
Respect Gann: a BTC forecast for the first semester of 2017My Happy New Year prediction. A possible bullish scenario for Bitcoin until the summer of 2017 based off Gann lines. Gann lines got a lot of respect in 2016, acting as support and resistance at pivotal(!) moments. (8 I extrapolated the rally of June 2016 (the halvening - dum dum duuuum!) and applied that for the first semester of next year. Using Gann and horizontal support and resistance lines as a guide, I came up with a rather precise scenario. Happy holidays everyone and may volatility rock your boat in 2017!
BLong
by maqpie
A proper handle is needed to unleash the Green DragonContinuing with the downwards trend after the PBoC market intervention on the Chinese exchanges at the beginning of the month and followed by the elimination of the no-fee policy by the three major exchanges in China, I think bitcoin will continue to go down to around 4750 CNY considering it's bullish tendency is at pause. Bears are in control again but not for long. We need to create a proper handle for the massive cup we had for 3 years, 1 month and 18 days. A proper handle won't be ready within one month. I expect Bitcoin to complete it's first H&S (red) towards the end of January and then dump even more, which would create the second H&S (green) to bring bulls back in control and resume the uptrend. I expect this new uptrend to take us back to January's ATH around the middle of march (see chart) and then in the day of the spring equinox, the green dragon will be unleashed to take us to a new ATH, this time, around 13000 CNY or about 2000 USD at the time considering Trump's coming USD devaluation and China's continuing CNY devaluation in US-China's upcoming declared trade war. In conclusion, I remain long term bullish, short term bearish until reaching 4750 CNY (750 USD) and expecting a major uptrend around the spring equinox driven by news. Very likely the proper regulation by the PBoC will be the expected Green Dragon trigger. Of course, time will tell if this would work out this way or not, but have in mind that the handle will be much more consolidated and the uptrend much stronger if we touch the bottom a second time and make the handle three months long instead of just one. More info about spring equinox in Chinese culture: earthsky.org
B
by CoinMajesty