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BTC rally looking for key levelslooks like the bulls came back for now with a nice 1k pump to break out of the channel to the upside with some really nice volume, To continue the bullish run im looking for a clean break above 11k and consolidation. 11k is just above the 21 Daily EMA and being back above that would be a nice bullish move for the next leg up there is a possible inverted H&S which if plays out could take us back up to around 12-13k. However a break lower would put in another lower high and id be looking to retest down to 8500.
BITSTAMP:BTCUSD
by platinumdubs
2
Trade-war relief - July 2019Trump and Xi Ping have come to a tariff truce at G-20 this weekend. Trump is now using Huawei (previously blacklisted, banned, etc.) as a bargaining chip, allowing TEMPORARILY, U.S. companies to continue doing business with China's Huawei. Here is a list of Top 20 U.S. based Huawei suppliers . I believe most of them will rally this month (July 2019). - Percentage number next to stock symbol is the revenue exposure to Huawei Intel (INTC) - 1% Advanced Micro Device (AMD) - 2% Broadcom (AVGO) - 6% Qualcomm (QCOM) - 5% Microsoft (MSFT) Nvidia (NVDA) CommScope (COMM) - 2% Texas Instruments (TXN) Seagate Technology (STX) - 4% Micron Technology (MU) - 2% Qorvo (QRVO) - 11% Flex (FLEX) - 5% Skyworks (SWKS) - 6% Corning (GLW) - 2% Analog Devices (ADI) - 3% NeoPhotonics (NPTN) - 47% Western Digital (WDC) Lumentum (LITE) - 11% II-VI (IIVI) - 8% Finisar (FNSR) - 8% Maxim Integrated (MXIM) - 4% Keysight Technology (KEYS) - 2% Marvell Technology (MRVL) - 1% Note: Trump can go back on the Huawei deal at any time.
NASDAQ:SOXXLong
by dorfmanmaster
1
2012 Rally fractal comparisonWell here it is again, the good old 2012 rally. So far, it still has some similarities. But unfortunately with fractals we can find similarities everywhere, so it of course will not magically tell us that this is exactly how the rally will look :/ But is still interesting to see. The gold fractal doesn't fit any more, because it would have needed to dump at 13k, but it just ignored that resistance. So therefore maybe this fractal is a more accurate one. With the Ledger X futures approval, and Bakkt not far away, I can definitely see this beast hitting ATH, or a bit above. Then a few months of sideways, until the big one then comes next year right for halving. However, we could also see BTC just continue to climb well above 30k directly from here. I am quite unsure, since BTC is ignoring any TA at the moment, hehe. But still fun to speculate.
BITSTAMP:BTCUSDLong
by SebastianofMoon
6
ETH – one of the 1st candidates to rally once BTC crosses $10KHi Guys. Still, ETH is much undervalued vs BTC. The price is still in the buying zone . This level is very strong resistance which is present since the end of 2017. It is very unlikely we fall below this level. As the crypto market re-borns a demand for coins should be growing . Ethereum is widely known with a large market cap and with a large community. They also have one of the best coding engineers and business people on board . So BTC is about to cross $10K . This is 50% of the top value. Zone above this level is considered by many investors as a safe level to enter . We think once we cross this level and we will be able to maintain there soundly the alt season will finally come . Take a look at the charts. Here are the details of the technical analysis : • The price is very low – one of the longest support • 400% gain is possible (mid/long term) • If you want safer trade to enter long when the price is above 0.042 BTC • WBM BUY/SELL Indicator – the price is oversold . This is a good moment to enter. • The supply is still strong . We need more demand. • The dynamic support was defended So Traders. Be prepared for a rally. It can take a while but ETH is a solid project and you can not afford to not have it in your portfolio . Did you like our analysis? Hit a like to support. Write in the comment section what your expectations are. Thanks for reading. MASSIVE Hugs! WBM Team.
Long
by WBM_Team
5
Monthly upper bband will be strong resistance at 12-13KIt has been a while since we've taken a look at the monthly picture. We can see that the monthly candle from May went effortlessly through the middle bband. This is a very strong sign. Also, the monthly stoch RSI, is going from oversold to overbought, which traditionally has always been the beginning of the new bullmarket. Therefore I think that BTC will not go above 12-13K in this run, as an upper estimate. We need a long while of sideways consolidation, with some dumps here and there, down to the 6-7k range. After a long while of slowly creeping upwards, we'll pick up steam again to get to new ATHs by the late 2020, early 2021. Peak sometime in 2021. 100k lower target, 200k upper target. Let's see :)
BNC:BLXLong
by SebastianofMoon
17
This could already be the correction akin to the 2012 rallyIn another view, in case we drop further, to the weekly middle Bollinger band at around 5300, we probably will see the birth of a new triangle with a longer consolidation phase. Of course, we could still see the parabola being finished like in this view: But below 7000, I'd say that this view probably is done for. This could have happened with a shorter dip and fast rebound, but this dump could develop into something longer. We have to wait and see how it will develop and how deep this dump will go. Going to the weekly middle Bband would be akind to the second 2012 rally, that's exactly what happened then. We'd get a few months of sideways consolidation, until a strong breakout to the upside. Even though some people still like to draw their huge arrows pointing down to almost zero at every dump, this market is clearly bullish now. One just needs to look at the huge volumes we had in this runup. Also, daily transactions are quite high and it won't be long until they make new highs. So, now BTC must decide if it does want to continue the parabola, or make the long sideways consolidation. I'm fine with either way, hehe :)
BITSTAMP:BTCUSD
by SebastianofMoon
NEO – bullish pattern – 35% quick gain possible.Hi Guys! We are sure many of you heard about NEO. It made 350X gain in 2017 . Will it repeat its success? Well, maybe it won’t be as much spectacular as it was two years ago but… Let’s take a look at the chart and indicators. • The current price level is one of the lowest ever. This is the accumulation time . • Ichimoku Cloud - The new bullish bar starts above the TenkanSen(red) and KijunSen(blue) and the bottom of the cloud. GOOD. • Weis Waves – The supply is falling down since the beginning of May. Nice amount of demand has shown up. • Bullish ascending triangle observed – our minimum target is 0.002300 • Further target possible – 0.002740 So this should give us a quick 35% profit according to the bullish ascending triangle theory . Wait till this triangle is broken up . What do you think? Are you on board? Thank you for reading. Hit a like to support. MASSIVE Hugs! WBM Team
Long
by WBM_Team
Important fib levels for the possible BTC correctionA short update on this possible correction here taking place using the fibonacci levels of the whole move 3100 to 9100 USD. We get 6800, 6100 and 5300 as the important support levels. I think it is realistic that it goes to 6100, 6800 seems a bit optimistic for me, and 5300 seems a bit too pessimistic. But it should play out kinda like this over the next weeks. Let's see if BTC surprises us again with an upward spike instead.
BITSTAMP:BTCUSD
by SebastianofMoon
11
BTC parabolic rise could lead to 20k in extreme caseI don't think that yesterdays dump was the end of this parabolic rise. BTC stabilized too fast for it being the end of this move. Plus, the perfect parabolic shape is just too painfully obvious to ignore. I see two important resistance zones, the upper monthly bollinger band at 12-13k, and the ATH resistance at 20k. There are of course other resistances, but those two are very strong. So, in the most bullish case, BTC could indeed go to 20k by the end of June. Then a few months of sideways after the dump, and drawing a nice giant cup and handle with the ATH. In the normal bull case, we'll see 12-13k as the intermediary top, dump to 7-8k, and consolidate at these levels until the upmove resumes. This all is highly interesting, and we could see BTC do something which it has not done before. A move to 20k directly from here, would not have a precedent, there is no fractal which is similar from the timing and velocity of the move. I find it highly fascinating. But the parabola still has one hole month left until going vertical, and we all know what can happen in one month :)
BITSTAMP:BTCUSD
by SebastianofMoon
23
BTC needs to touch daily MA200 again.Well, the idea is simple and short. Like in 2012 or in 2015/16, after this first rally of the new bullmarket, we'll need to retest the daily MA200. I've drawn a possible future daily MA200, taking the second 2012 rally, to which I see many similarities. BTC will at least go to 10k first, it could of course also overshoot to 12k or the like. However, we need a stronger correction to get down again from overbought levels on the weekly timeframe. I think a correction down to 5-6k will happen and is healthy. Afterwards, stabilization and consolidation in the 6-7k range for a few months, until the daily MA200 comes up so that BTC touches it, going sideways. Then, the next leg up will happen. That's my current view, if BTC sticks to the old rules. Which by the way, it might not, as we have seen with the "no capitulation spike" low at 3200 USD. So again, this is a probability for which I see a high chance. Many people don't get that trading is about probabilities. They are like: HAHAHA! You were wrong that time, you are a bad trader. Well, the best traders can't achieve more than a 60-70% success ratio. 30-40% will always be bad calls, best case. This stuff is about longterm strategy, readjusting fast, not clinging to beliefs, not being biased in any way. BTC does something unexpected, fine, readjust yourself, readjust your strategy, adapt to the new situation immediately. Don't cling to a certain picture because you don't like it that you were wrong. Only then can one have success in this market. That's my opinion, and that's at least what worked for me.
BITSTAMP:BTCUSD
by SebastianofMoon
8
Bullflag formation forming. Chance for push to 10kThis is a view, how a push to 10k might still be possible. Even higher imho possible. If we don't correct now, and the double top therefore doesn't materialize, as I feared today in the morning, we could indeed see an upwards break of this triangle. Highly interesting times we are witnessing. I am myself quite unsure now, that's why I post this differing view from today morning. Trade with care, BTC is berserk at the moment. The indicators are treacherous atm.
BITSTAMP:BTCUSD
by SebastianofMoon
16
Important support levels for this BTC correctionSo apparently BTC doesn't want to push for 10k just yet, and needs to rest a little. But how low can it go? We can identify important support levels by the Fib retracement for the whole move from 3200 to 8500, and with the volume profile. We can see that 6500 is the most important support level. If it holds, then we see a resuming of the rally from that level. If it should break however, I see the 5700 of not very important. The volume profile there indicates that it will offer weak support, and it will break down to the 5100 level, which therefore has a higher probability of happening than the 5700 level. So it depends all on wether the 6500 support will hold. Either way, I see this here as a necessary correction, because the weekly Stoch RSI has been on 100 ultra overbought for many weeks now. We will see a resuming of the rally in the coming months and pushing towards 10k and even beyond.
BITSTAMP:BTCUSDLong
by SebastianofMoon
BTC: The ultrabull caseI am more conservative on BTC normally and think we'll hit the ATH sometime in 2021, at around 100K, maybe 150K with luck. It's better to be conservative imho, than to be overly optimistic and then be disappointed. However, there is a slight chance, that BTC does something crazy, and this ultra bullish scenario would qualify as something like this for me. I don't think it's very likely to occur, but we should never rule something out in BTC. THis last bull move has been aggressive, and as it still doesn't show signs of slowing down, we can assume we'll certainly see 10k in this pump. But what if, instead of large dumps, we'll get 2-3 months of sideways, so that all indicators can cool off from overbought to oversold again, until the next pump starts from a very high level, say, 8k. This could develop into a crazy double rally like in 2013. First hitting the curved red upper resistance line, and then in the next try, break through it, and create therefore a new, aggressive exponential upper trend channel. I would put the probability for this to below 10%, and 90% for the conservative 100k in 2021. But it's still fun to think about these possibilities. Because in the end, BTC is like quantum mechanics: There are many possibilities that co-exist at the same time, a superposition of states if you will. And then, suddenly, BTC will decide for one of these many possibilities. But of course only if we look at the chart. Schrödingers Bitcoin so to speak :) But which path will BTC take? We shall find out in the coming months.
BNC:BLXLong
by SebastianofMoon
21
No, BTC is not done yet. One last push to 10k coming!And again, everyone starts drawing the arrows down, lol. Everytime BTC makes a pause, the traders come out and draw the arrows pointing down, to at least 6k now from 8.5k. The dump at 8.5k wasn't strong enough. The reaction was weak, as if the resistance wasn't even that important. The same happened at the mighty 7.5k resistance area, which tunred out not to be so mighty after all. And 6.5k? As if it wasn't even a resistance, lol ! So, BTC is preparing one last push imho, this would also fight the weekly picture. To 10k, then dump to 5-6k, and oscillating around 6k until it stabilizes at 6k and prepares for the next bullrun in early 2020, but this time, targeting the old ATH. Which of course it will break at some point in 2020, making hew highs.
BITSTAMP:BTCUSDLong
by SebastianofMoon
24