Get started

Rally

BTC is pumping !!! MOON !!!! LAMBO !!!! ....or is it?Well, as soon as BTC starts showing some strength again, I start seeing the funniest pictures on tradingview. People calling 100k this year. That is some real shilling right there. Yeah, let's make the newbies think that the ETF is a magical 100k+ machine, the ETF will just buy up ALL THE COINS, drive up the market volume magically x10-20, bring millions of new people into crypto withint the next few weeks, magically buy up the 1800 coins that are minded per day, and then buy even more coins, hehe. You see where I am going with this. Yes, if the ETF gets approved, it will be an awesome achievement for BTC, and very good in the long run, meaning from 2019 onwards. But the ETF needs some time to kick in. It WILL kick in, but not instantly, that is not how this works. For the next bullrun we need REAL volume, REAL people, REAL hype. The ETF cannot do this alone. By the way, I called such a corrective structure already months ago: Therefore I am not too surprised. I sit back and ejoy the show :) Short term I am bullish (1-2 weeks), mid-term bearish (5-8 months), longterm (1+ years) always bullish :)
BITFINEX:BTCUSDLong
by SebastianofMoon
Important resistance levels for this bearmarket rallyIn every bearmarket there are rallies, this one is no different. To find out how high this will go, we should not just look at the daily picture, because this can be misleading, but also the weekly picture. This one shows that the upper bound of 11k is very unlikely to be achieved. Why? The upper bollinger band AND the daily MA200 are in the high 9k's. I don't think btc has the strength to push through. This rally will have the effect of weekly MACD turning green for a while, but only slightly and weekly stoch RSI going to overbought, very fast. When weekly is overbought, we can resume our decline again. But I will stay long until at least the lower bound resistance line. If it goes through, one can go long again until the high 9 k's. So: Short term long, medium term short. But longterm BTC is always long hehe.
BITFINEX:BTCUSDLong
by SebastianofMoon
2
BTC – time to ride. Lot’s of negativity but we go upHello Traders! Still not sure where BTC aims? We like quotation from Barry Silbert, founder of Digital Currency Group which is one the most prolific investment fund. He said:” When the chair of the Fed says negative things about bitcoin, and Howard Marks says negative things about bitcoin, and Ken Griffin says negative things about bitcoin, and bitcoin doesn’t move, I think that’s a bullish sign” So this is so true. There so many “prominent” people who sow anxiety on and on that people don’t believe them any more. They are the face of the old, centralized system for those who have connections and are able to elbow their way. Crypto assets are different – owning them you can actually influence the way they go. This means power to everyone. How cool is that? This is normal for such people to defend their positions. They don’t want lose money and their influence. But this is actually happening. People are getting understand that. They don’t defend people. They defend themselves and their interests. That’s it. Looking back at the chart. Locally we are in the uptrend Gann Fan – strong uptrend – if you think of selling wait till we cross 1/1 line. Then reload. We have resistance at level between $7500 - $7800 to break. Once broken we will attack $8500 and $10000 MACD – positive convergence observed Volume Flow Indicator (VFI) – still room to grow – let’s see if we break last peak Chaikin Money Flow – we have a positive divergence So guys what are you hopes and expectations? What does you intuition/experience say to you? Do you have similar feelings as Barry Silber and us? Share them with us in the comment section. If you like our job don’t forget to like. In order not to miss any updates click follow! Thank you for your support. HUGE Hugs! WBM Team
BITFINEX:BTCUSDLong
by WBM_Team
Buy gold in .... 2032 ?!?!Well gold broke through an important support, which led me to look at the big picture on very long timeframes. It is interesting to see, that the first major gold rally, sparked by Nixon's lifting of the gold standard, has quite some fractal similarities with the second one, sparked by the gold ETF. Now, if we compare the two, we get to the conclusion, that if history repeats itself, we could see gold going sideways for a veeeeeery long time. Like very, very, very long. I identified the fractals with numbers for future peaks and circles for peaks that already happened. I hope to see a gold rally earlier, but the miserable performance of precious metals the last years doesn't make me too optimistic short-term or medium term. A rally will come of course at some point, but it could really take a while.
FX:XAUUSD
by SebastianofMoon
6
BTC monthly pictureIn the monthly chart, we're firmly in bearish territory after the bearish monthly MACD cross. There is a lot of momentum behind such a move and it needs time until we can get green again in the monthly timeframe. Looking at past history, and assuming that the timescales will be roughly the same this time, we can assume that we'll find the low in early february 2019 at around 2500 USD. It could be faster, or slower, we cannot assume that we'll definitely see the exact same speed unfolding this time. But as a rule of thumb, one can start buying bitcoin unter 4000, and really really start buying at 3000, hehe. At least I will do that, of course I don't wanna tell you how you should invest your money :)
BNC:BLXShort
by SebastianofMoon
4
A new relief rally?So BTC broke through the downtrend resistance and it seems that we'll be pumping for a while. Weekly and 3d is oversold, so this pump had to happen at some point. I am just surprised that there hasn't been a shakeout dump before that, only a slow grind down. Quite boring for BTC actually. And that despite that quite high longs. Well, that was an interesting surprise. I think we'll be headed back to 8k territory, and then at some point the bearmarket will resume again. This is a bearmarket relief rally and nothing more imho. We're not done yet with this bearmarekt, target still remains 3k imho. However, I am switching to short term long.
BITFINEX:BTCUSDLong
by SebastianofMoon
Siacoin/USD Falling Wedge and Bullish Divergence - rally to .03 Hi there, Siacoin has been forming another falling wedge, which might be perceived as a fractal price movement. The targets are similar to those of the last one. It is crucial that the price pierces the downtrend (dotted line), which should be settled approximately at the 0.384 Fibonacci Level, if I got the time frame right. There is a feint of a bullish divergence in the RSI, fortifying my opinion on the matter. Targets for my trades are in the 0.18 and 0.3 price range. Trade safe! Nik
BITTREX:SCUSDLong
by UnknownUnicorn1539772
BTC SHOULD LAUNCH EVENTUALLY. TWO INVERSE H&S. 1.68 FIB BOUNCEDBTC has two inverse H&S right now with targets ~7300 and 9600. We bounced from the very long-time 1.68 Fibonacci which matched RSI 30 on daily. Dips being bought, and we see a strong bulls reaction on every drop. If you already have a position, go get a cocktail and enjoy the summer, because it will take some time. I expect the right shoulder in the middle of July, so we have a plenty of time that we can spend on something way better than staring at the charts. Trade big targets, big timeframes, earn big. Don't waste the time on charts less than 1 Day. 4H only if you are bored and want to see a live show, but don't trade small moves. In the long run, fewer trades make more money. //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
COINBASE:BTCUSDLong
by LanaFL
35
BTC ... consider the possibilities before you jump in!Nice green candle ... nicest I've seen in a while ... but is that it, bears done, bulls taking over the bar? I wouldn't be too quick to assume that. Judging by the current wave shape from 61XX ... we need this wave up to be MUCH stronger to look like an impulse wave up. That rally, although interesting, has not broken the major resistance sitting at 6900. No doubt, shorts were squeezed ... and that helped push the price up ... and there are likely further shorts that will liquidate/close if we go higher ... but does that mean game over for the movement down? What I'm seeing is very similar conditions compared to when we hit 6736 after we bottomed out at 61XX. Longs to shorts ratio just about back to where they were back then, RSI had about the same action, and although volume on the initial spike up was larger than back on June 14, we have now fallen back to dismal levels. So what could be happening ... let's look at the possibilities: (a)see purple wave ... my main idea is that we are forming a leading diagonal (ABCDE wave), and we will bounce down to the bottom of the channel shown ... and after one more attempt to break the bottom of the triangle (shown in the dark red trend line) ... we start a new impulse down to the bottom anticipated by many around the 4k to 5k mark. (b) see black wave up ... maybe this is an impulse up, but I want to see this wave up go much higher before I'll settle on that one. The wave might not be over, but there's been almost a 200 point pullback since, and BTC needs to get it's act together soon to keep the momentum going. Otherwise, we'll simply get what we got back when the SEC news was released ... a rally that fizzled and died. (c) see black wave down ... maybe that's it for the bulls, and we don't bounce at the bottom of the channel ... could we be starting the downtrend to the local bottom now? It is a possibility, no doubt. That would mean we've completed a fairly lame ABC correction to 68XX, and trapped a few bulls, before BTC gets taken down. I am not falling in love with this rally. Technically, a short at the top might have been the best thing to do. The channel I've drawn will be my guide ... breaking out of that will provide further evidence as to where this is going. Remember, only a fool relies on one potential outcome. Do not use this info for financial decisions. For educational purposes only!
BITFINEX:BTCUSD
by MAGICMARK
30
NANO for a 40% ProfitDear Traders, I know NANO has been compromised recently and that make it dump about -54%. Now people are starting to buy here at 1.618 fibonacci support. MACD Cross Positively and RSI is low. We bounced here some days before so I think we have probabilities to bounce at these levels again creating a double bottom. Also I think we can rebounce here after creating a tweezers bottom. Happy trading everybody! TP: 7120 (+40%) SL: 4860 (-4.31%) Stop loss is set under past lower lows.
NLong
by Janpr99
2
BTC trading plan for the coming weeksSo, the way I see it, BTC is ranging further in this pretty long triangle that has been validated the last months. A wedge within a wedge is forming, and daily stoch RSI suggests that upside momentum is more probably than downwards momentum. I think that we'll see a small rally towards 9000ish, then further bounces between the resistance and support of this very long triangle. Then it will either break to the upside or to the downside and define the longer term trend for the coming months. A push towards 11700 would be a strong signal, however, even then a bearmarket could play out. If it does not manage to push through 11700, it will probably continue to fall further, making new lows. A push through 11700 is necessary to have any chances for a big rally this year. If the triangle breaks to the downside, a bearmarket is basically inescapable. One should not hope for one or the other scenario, but be prepared for both possibilities. So actually the smileys should smile in both cases XD. Shorting and having fiat on the sidelines if it breaks to the downside, and going long and buying if it breaks to the upside. Just see what happens and act accordingly. That's at least what I do. Cheers! P.S: I am shortterm long, and longterm neutral.
BITFINEX:BTCUSDLong
by SebastianofMoon
2
EURUSD Counter-Rally to Upper Parallel Before next DeclineineEURUSD 30th May EUR has finally reached the month-long downside target at 1.1558 just in time for the end of the May. It actually exceeded the target by 45 pips before reversing higher and creating the first strong green candles of buying intent the market has seen for months now. But the counter rally is running out of momentum now whilst DXY holds above 94. Initial resistance for EUR lies here at the 1.1676 line and extends to the line above at 1.1731. This range, bounded by the two lines, is likely to prove insurmountable in the very near term - it will need DXY itself to break below 94 to break the upper parallel here - in which case the bears will retreat further here too and it should then rally 90 or so pips higher still to 1.1821 on more bear closing before falling away again. That looks to be best case scenario for EUR from here though. (At the same time DXY should then fall to test the 93.36-93.12 range and then bounce higher again.) So long as 94 holds up on DXY the Euro is likely to remain trapped within the medium term downtrend of April/May and likely to fall away from the upper parallel once more when challenged. But this time around the next sell off from the upper parallel of the larger impulse wave has a reasonable chance of creating a double bottom around the 1.1558-1.1540 range when it does fall away again - so any fresh shorts taken out around current levels need closing down again here. Any subsequent fall below 1.1535 will then be needed to trigger fresh shorts from here back to the 1.1318-1.1287 range.
Short
by sumastardon
2