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BTCCNY: Potential rally to emerge from hereUsing the 1h chart we can study the downtrend's progress here on the recent pullback in BTCCNY. After rebounding from support, and having a strong rally, we started to pull back and dipped below the uptrend mode. This could be bearish if we don't go back above that level around 4300 soon. The 1h chart gives me some reassurance because we have hit the bottom target of the last 'Time at mode' signal on chart, and it seems that this is the timeframe in control of these developments. After the target is hit, we can expect price to go back to the mode at 4303, which could lead to a resumption of the uptrend from June 23rd's low. I'm long from 4100 here, contemplating 14% downside risk, but mostly, not willing to hold short term positions if we get a new low here. I'm aiming for at least 4885 in the near short term. Check out my updated track record here: pastebin.com If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers! Ivan Labrie Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask. Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
BLong
by IvanLabrie
3
OKCoin Quarterly Futures Lead PriceDuring this recent phase of volatility in the Bitcoin market I've begun experimenting with the futures at OKCoin. While I'm told most true Mooninites and Hodlers use full 20x leverage I've found no reason to go beyond 10x. It is still an attractive prospect to those that want to put entire accounts on the line to win the lottery (tomorrow). I wanted to see what I could learn about the differences between the prices of the two at any give them. Through observation I gathered a few bits of information: 1. Quarterly futures almost always trade at a premium against spot price. Typically 2.5% 2. Observation 1 becomes untrue in bearish conditions reaching parity and temporarily dipping below by < 0.5%. 3. Price movements are exaggerated in futures; bullish and bearish. 4. Futures price movements are more correlated to BTCCNY than BTCUSD. 5. Futures price sometimes leads spot price. From these observations I thought about two trading strategies. The first would deal with arbitrage in calculating the mean differential and using automated trading to take advantage of deviations in the premium. This would have to be automated and I am certain someone else already has advanced bots doing the work already. The second, more useful strategy for the human investor is to look for divergences on the swing timeframes. In this example I went back through the last bull run and analyzed the 4 hour chart for moments of consolidation. In two cases, on May 23 and June 10, BTCUSD spot price was in a tight range that broke the spot price high after the futures had broken their high. Going back farther on the chart I did see exampled of false breakouts where futures broke their high but then neither moved with much strength. There are also many examples of BTCUSD spot breaking its high at the same time futures break theirs which is not a useful divergence. This strategy is also only useful in periods of bullishness due to the typical forward looking premium so opportunities will be scarce. By incorporating additional technical analysis (price patterns or indicators) these divergences can serve as extra confirmation of bullish breakout opportunities.
BITFINEX:BTCUSD
by norok
Bitcoin top is inLets see where support comes from but those lows are vulnerable IMO. There are a bunch of uncleared stops below all the way down to 2300's. I'm guessing that that will be the first port of call before any convincing bounce comes about (which could be a very nice short. If I was still in coin, I would be playing the bounces both ways in case further momentum either way is seen, but I don't need to tell you that lol NOTE: MM has accumulated enough coins to do pretty much any price damage they want. Don't mean to scaremonger, but once you've seen how FX operates, Bitcoin is just another instrument to manipulate, but far cheaper to do so with
BShort
by SunnyBOT0
3
BTCUSD: Trend is up, only a matter of timeThe Bitcoin chart is one that speaks volumes when you read it utilizing the methods devised by Tim West. If we look closely we can see that the monthly and weekly trends are up, and that we have potential for a breakout in the coming weeks. Right now, the weekly is in a triangle consolidation but the breakout should happen relatively soon. We have 3 inside months in a row after the huge rally we had last year. I will update the chart when the rally is confirmed, technically, the weekly might trigger first, to then confirm the monthly uptrend which could fire an explosive rally, and possibly a new all time high for Bitcoin. With the block reward halving approaching, I suspect that might be the trigger for this rally. Disclaimer: I'm holding long term long positions initiated from lower levels, as well as holding ethereum as a fixed % of my holdings. I have shared these entries with my signals group privately. See my profile for more information. Cheers, Ivan Labrie.
BITSTAMP:BTCUSDLong
by IvanLabrie
9
BTC gets ready for the block reward halvingBlue zone on the right is where the block reward is going to halve, its a wide area because its uncertain when excatly it is going to happen due too difficulty and hash rate fluctuations. Bitcoin has been consolidating for a few weeks now, making the breakout explosive when it happens. The BTC community keeps growing every day, building bullish pressure. Just keep an eye on consensu drama near apex. Else, Welcome to the block reward halving pump.
BLong
by Mr_Net
2