BTCUSD Intraday: bullish takeover if price back > daily openHi Traders,
begining of the month , so daily open equals monthly open.
Market tried higher earlier today and now bears are trying to push lower but....
both daily and weekly showing possible demand zone...
So looking to buy from intraday perspective...
All the details are recorded
Enjoy! and GL!
Satoshi
BTCUSD This week is important for bulls2.5 years volume profile on weekly graph shows us that we broke out to the upside through it and now retesting supply exactly at the POC (Point of Control), so I would be silly for not trying to long some Bitcoin here. However I am not a completely bullish (short term) as of yet, because...
BSV/USD - Shitshow continues (Thanks for 700 Followers)Hello friends! As much as i hate trading heavily manipulated (shit)coins, we do have a nice trading opportunity with Bitcoin SV (BSV/USD).
The price is consolidating in a Bullish Pennant. The decreasing volatility is pointing towards a breakout of this pattern (which also appeared before).
It's important to notice that we do not trade inside the pattern. We trade the breakout , which is less risky.
Therefore, we need the price to hit our Entry level, which also confirms a breakout of the pennant.
Our Stop Loss is located around yesterdays low - i prefer having a tight stop loss when something is peaking at 500% during 2 weeks.
Our target is located above our previous high.
We need volume for a breakout. I don't expect retail traders to jump on Bitcoin SV during a breakout. This will more likely be backed by random (shit)news and wash trading.
Let me know what you think!
cheers,
cryptobuller
Year long inside barAnd long may it continue!
Reminder:
But we all know which way BSV is going to go. The speculative frenzy will be intense .
BSV Short TermGot into this trade at $78 on Dic 17. Rode it all the way to TP $118 (actually hit $119). Probably will retrace now to $110-$113 and then continuation.
You may reload in those levels here if you sold some at $118-$119.
If you havenet now might be a good time. This one will shine in the next couple of months.
BITCOIN - First Battle of Bull Run - Part 12Bitcoin Price Lost and Found
Has this market not provided a wild ride the past few weeks? We’ve been everywhere except to the moon – however, if you were short, then you’d probably dispute that statement. In fact, shorters have had a wonderful holiday season. BTC tumbled into the mid-$6K region, a place that many a traumatized crypto hodler hoped never to revisit again. If you’re looking for some bright side to the situation, you don’t have to look very far. The all-important $6400 support has held.
Keep in mind that the last time support in that area broke down, we fell straight to $3,200.
As long as BTC can hold strong to this level, then we can start thinking about a trip back above water.
Bitcoin Dominance Creeping Higher
The cryptocurrency bear market has disproportionately affected altcoins. That is, of course, to be expected considering the second fiddle nature most play to Bitcoin.
That being said, BTC dominance up near the 70% mark is something rare enough in the past few years. Let’s be straight – altcoins are getting utterly rocked, manipulated, and discarded. For an Exhibit A display, look no further than the MATIC charts of late.
Altcoins are dangerously difficult to trade lately, which is pushing more and more money back into BTC or stablecoins. It’s an unsurprising trend pointing straight at the fear currently possessing the market.
B…b…But, What About the Halving?
Isn’t the halving supposed to make all BTC hodlers rich? Wasn’t the ride up to the moon supposed to have started by now? …What gives?
We hear you – and, to be quite honest, we’re not sure what gives, either. However, compared to past halvings, the stakes at this stage in the crypto game are WAY higher than ever before. The sheer amount of deep pockets in the market nowadays, along with the king-making rewards to be gained from playing the next halving right, make the approach less straightforward than ever before.With that in mind, you can count on the games to continue well into.
Q1. The question on everyone’s mind in this dangerously close standoff is:
How low will bears push before flipping the switch?
Bulls and bears are two sides of the same coin. Bears who are pushing for the lowest possible price today will simply step over the line and go long tomorrow once they’re satisfied. To that end, resist dogmas, narratives, and stay flexible. In times like these, your best defense is an open mind, a patient outlook, and slow movements.
Bitcoin to the Moon in 2020?
It’s officially the new year in every part of the world, unless you reside in a timezone we are completely unaware of. So, watch this space. Having said that, let’s do a recap of some of 2019’s top crypto moments.
Bitcoin Grows a Pair of Wings
Rising from the ashes of 2018 bear market despair, BTC was launched into orbit after a dismal period marked by a $3,200 price floor. In what felt like one fell swoop, Bitcoin took out ambitious target after target, going straight through overhead resistance until it had all but swept up the $14,000 mark.
For a moment, it looked primed to retest previous all-time highs, but that wasn’t to be. A retrace has reduced gains by nearly half, but the market has still seen hand-over-fist gains compared to this time last year.
Retail Investors Abandon Hope
Despite the incredible gains seen through the first half of the year, the green was mostly restricted to BTC and a handful of other assets. The altcoin market, by and large, has performed pretty poorly.
Conferences, mainnet launches, partnerships – none of these price-boosters of old seem to have the same magic anymore. There were some bright spots such as Chainlink, but such success stories were far from common.
Retail investors have seemingly lost interest in crypto as evidenced by the abandonment of spaces like Crypto Twitter, subreddits like EthTrader, and Telegram groups. Those who have weathered both the good and the bad have largely done so by tuning out entirely.
Will a run-up toward the Bitcoin halving in May change that? We’ll definitely find out.
Craig Wright Flexes on Hodlonaut, Gets Shut Down
Everyone’s least favorite Satoshi imposter crossed the line earlier this year when he started a legal suit rampage against his doubters. Amongst those doubters was Hodlonaut, a Twitter cat wearing a spacesuit.
After Wright threatened to sue and unmask Hodlonaut, the entire crypto sphere banded together in a scene reminiscent of the Avengers: End Game. To add a bit of comeuppance to the entire scenario, Wright was also owned in the court of law, where he was ruled against and ordered to hand over half his BTC to the estate of Dave Kleiman.
Bakkt Gains Steam
Despite its initial debut being widely panned as a failure, Bakkt has bounced back to claim higher highs throughout a turbulent (and mostly down) market.
In another telling moment, Bakkt’s CEO, Kelly Loeffler, resigned after being appointed to the US Senate, where hopefully she’ll continue campaigning for a crypto future.
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Here s a small explanation about why Im giving insight into my trades. Crypto is all about trust and transparency and that is what ID like to bring. Dont expect me to tell you how much crypto I actually own because thats none of your business. But I Will tell you how big my position will be in regard to my trading portfolio.
Secondly and actually the main reason im doiing this, is to proof to all the HALTERS out there that you can earn money with trading crypto. Most people are skeptical about trading because they heard horror stories about people who lost all their money. Follow my journey and let me proof therm wrong.
At the end of the day, the most important thing is how good are you at risk control.
Booking some losses during trading is perfectly normal, so im not afraid to show those losses. Most traders dont give any insight in what they because they perfectly know they suck and dont have a clue what they are doing in regard to risk management.
Risk comes from not knowing what you're doing.
Just like every trader, Ive seen ups and downs in my journey. I started trading stocks. And you can guess what that meant for my portfolio. Yes thats right, it was almost completely wiped out.
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BTCUSD Bulls.... ain't looks good, so 5500 next ?Hello,
if someone as positive about BTC as I'm can see weakness in the chart, something must be on the card.
Bulls have a huge problem with move back above the consolidations of early June 2019 and back above 7900/8000.
This can cause impatience among those who have recently bought and add supply.
Profit-taking at the end of the year cannot be ruled out among those who made purchases much lower.
All the above causes the danger of falling under its own weight even in the direction of 5500/5000.
reservations:
The negative scenario will be negated if we return above 8000 from a double-day CLOSE perspective.
Any positive info (e.g. German banks that will be able to offer crypto?) Can quickly change the market situation ...
And the fastest change is another positive info from China
greetings
Good luck
BTC/USD analysis, via 1 hour chartPrice has been very bearish lately, and it has been retesting that downwards trend line twice, creating a possible inverse head and shoulders pattern, indicating potential upside movement. Price has also bounced off the 7452 resistance, creating the neckline for the possible inverse head and shoulders. Let's see if it can complete it.
BTC Daily AnalysisHey traders,
Everyone and their mom is calling a $4000-6000 Bitcoin, I believe we're done falling.
It makes perfect sense that we hover around the support at 7500 until the new year. I'm very bullish on bitcoin, but I don't see it mooning anytime soon.
We should accumulate for December, meaning it might be another boring month. There's no bullish momentum right now, especially with the news its bearish. Price looks like it's done falling now. It's already broken the May downtrend and tested the 9950 resistance.
Price won't moon until it can successfully breakthrough the resistance at around 10,000 . The entire run-up to 14000 was just a test of this resistance we're now trying to break again. You just have to zoom out and look at the bigger timeframe
Yes, bitcoin is going to go up in the future, but it's not going to moon tomorrow, meaning you won't be able to quit your job tomorrow. Stop checking the price every 5 minutes, go enjoy life.
Next year, 2020, is the year of Bitcoin and cryptocurrencies.
Trading Group: t.me
As always please do your own research, I am not a financial advisor.
Bitcoin Dominance Update - Altcoin Season ComingAn update from my last Bitcoin dominance idea, where I called out the dominance would top out in September then start to gradually fall before alt season.
I say this with confidence, I don't see bitcoin going any higher than 74% dominance. In September it topped a little over 73% and has failed over and over again to break that.
A lot of people are calling 90% dominance, and I just gotta say you're delusional. The daily hold at 69.92% was the absolute top before the 2017 'Altcoin season'.
For those of you that look at other charts besides Bitcoin , this chart looks exactly like the DOW and the S&P , both failing to trend higher and are at a calm before they hit the fan. Just look at the chart, it could barely hold its own above the daily, and now it broke it's longterm uptrend stending from the beginning of this dominance bull market.
My prediction is the Dominance will continue to struggle to hold this level, and even test the bottom of the uptrend before it really starts to fall.
From there, it history will repeat and there will be another altcoin season. Taking a look at all of the altcoins, they have all slowly and steadily gained satoshi value against the bitcoin in the recent month. This will continue happening and we will be in altcoin season before we know it.
I'm not saying Bitcoin is going to tank in price, to be honest this month I believe price will do exceptionally well, but the altcoins will outperform it. Q4 has historically been very good to Bitcoin .
NEW Trading Group: t.me
NEW Signal Group: t.me
Binance Sign-Up: www.binance.com
As always do your own research, I am not a financial advisor.
Ripple - History Repeats ItselfHistory Repeats Itself?
I’ll say it again.
History...
Repeats?
Before continuing, we have to interpret what “repeat” means.
According to the dictionary:
According to the denotation of “repeat,” history can’t repeat itself. (And if you want to get technical and into chaos theory, neither can anything else.) Unlike lab-controlled experiments that can be exactly replicated (although not really), humans are life is always evolving and unpredictable and involves incalculable symbiotic relationships.
BUT, if we consider “repeat” as both a metaphor and in terms of its connotation, we can understand what people mean by “history repeats itself,” and it actually emerges as a useful conceptual tool. As Mark Twain put it, “History does not repeat itself, but it does rhyme.”
The vast, vast majority of people don’t in anyway think that history literally, exactly repeats itself. Such would violate celebrated philosophies of free will. When people say that history repeats itself, they are generally thinking of broad patterns. Another way to describe these patterns or relationships would be to describe them as cause and effect relationships. They are thinking about the existence of and continuation of
War, Poverty, Colonialism,Racism, Classism, or Social movements, to list only a few of the repeated/unending phenomena of human history.
A more specific example could be that every step forward in the long African-American Civil Rights Movement has resulted in new forms of discrimination. Lynching, disenfranchisement, and neo-enslavement (collectively called “Jim Crow”) replaced codified plantation and urban enslavement after the Civil War and Reconstruction era. Today, the “New Jim Crow” (a system where by at least 1 out of every 3 black men are confined in the Criminal Justice System) replaced Jim Crow after the Modern Civil Rights Movement of the 1940s, 50s, and 60s.
People remain “babies” on the evolutionary ladder – we are greedy, shortsighted, and quick to buy into fear of “the other.” Spending time trying to argue that history doesn’t repeat is ultimately not very productive for historians, a debate primarily involving semantic differences.
Furthermore, if nothing “repeated,” it would quickly become impossible to study anything. Much of what we study is about relationships between times and places. On the other hand, if we “dig deep,” language repeats all the time per se. If we had to relearn language every day, we would never progress. By saying “history repeats,” we are recognizing the ways in which we are bound to this world and products of it. This is not to say that nothing ever improves or changes.
As historians, we can and should use the real meanings behind notions that history repeats to help students enjoy and embrace the study of our world. Indeed one of the many reasons I enjoy studying History, as I tell students in my “What is History?” lecture, is that history is comforting and allows us to see the world as a more steady place. According to the news and Joe public, crime, poverty, you name it, are worse now than it ever has been. If we look at historical evidence, we can find that such fears are unnecessary. Likewise, every generation says the previous generation had it better or older adults long for the time when they were adolescents when the world was a better, safer place (I call this the Myth of the Utopia Past).
Finally, although human events can never come close to any kind of true replication, History belongs to both the liberal arts and the sciences. That History is a liberal art needs no explanation. That History is also a science, however, is where I tend to meet objections.
Scientists follow the scientific method. They follow a series of steps to ensure their work is the best it can be given current resources. Don’t historians do this? Historians come up with questions, look for evidence, analyze evidence, weave in secondary material, write and edit, edit some more, and then go through peer-reviewers both informally and formally. This is indeed the historian’s equivalent of the scientific method. Historical narratives or theories about the past are no more or less theories or narratives as human evolution or the big bang, for example. All scholarship involves theory and explanation based on evidence.
Likewise, for reasons I haven’t fully grasped or studied yet, science tends to have more credibility with the public. People tend to perceive history as always changing, unstable, and inherently biased by “crazy, liberal academics.” In reality, science changes just as much, is just as unstable, and has just as many biases. In other words, History and any of the specific branches of science are all social constructions- both the discipline themselves and scholarship produced. By promoting the study of the past as a science, perhaps historians would have more automatic credibility.
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They are expectations.
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BITCOIN - So, where to from here? Fundamentalist macro view!Fundamentalist macro view
In a macro sense, we believe that Bitcoin will be able to push for a new high as the latest price action is indicating a symmetrical triangle. This signal accumulation is still occurring. Moreover, BTC broke the $10k level, increasing its chances to visit $12.3k - $13.9k region. In general, any downside price action from the current price is more likely to be seen as a healthy retracement, not a reversal in trend. Another bullish indicator that historically finalized the end of past bear markets, is the famous Golden Cross moving average indicator that is currently occurring on the daily chart. Simply put, the golden cross is a bullish technical indicator in which a short-term Moving Averages (MAs) crosses above a long-term MAs. In higher time-frames, it is often utilized to determine whether a macro trend has shifted. This an event that has not happened since 2015, when BTCs price was $300. As we all know, the price of $BTC skyrocketed (roughly 66x to 20k) the last time a golden cross happened on the daily chart. It is crucial to understand that these indicators serve as confirmation of possible trend changes and should be utilized in conjunction with other technical and fundamental market indicators that exist in the space before executing any trades. Nonetheless, the golden cross bolsters the current bullish sentiment in the market. Despite there having been much more profitable weeks in the history of crypto, as of the time of writing, bitcoin is in a holding pattern at stuck in range $9k - 11k. While it may seem easy to conclude that the leveling off in volume signals a rapidly declining interest in cryptos flagship digital asset, we beg to differ.
At the height of the bull market late in 2017, 24 hour trading volume for BTC peaked at the reduced levels were seeing now after a monstrous increase in trading took daily totals well over the $23 billion mark. Many of us vividly remember the parabolic runs BTC was prone to in the past. However, this jump, though small-by-comparison, was more meaningful than it was valuable precisely because of its timing deep into the worst bear market in crypto history. The historic rise in volume and bitcoins subsequent rally confused many an observer not least because there didnt seem to be a clear narrative behind the move. To find likely answers, one neednt far away. We made a case for our theory that institutional accumulation was not only a thing - but has progressed far beyond what most realize. Diar.co recently went live with hard-data backing up claims that institutional products and trading volume have been steadily growing behind the scenes of a seemingly stagnant crypto market. Media coverage from both crypto and mainstream platforms of the latest BTC price surge has also culled interest from retail investors who have mostly sat out the nearly 1.5 - year bear market. Google searches for bitcoin reached their highest levels since the glory days of 2017 and the subsequent relief rally of spring 2018. Far from offering a conclusion about the direction of bitcoin in the next few days, all of these indicators taken together form a meta-level view that motivates us to take advantage of the opportunities the crypto market seems prepared to offer us. ts beginning to look like we might be able to call the $12-13k range home, but lets not jump to conclusions, lest we become homeless. But if you zoom out and take a wide-lens view, there is lots to be excited about. Bitcoin is beating yet another bear market that many naysayers predicted would put an end to the currency experiment started a decade ago by Satoshi Nakamoto. As written by Friedrich Nietzsche well before bitcoins time, - That which does not kill us, makes us stronger! -. With each passing day, bitcoins name recognition deepens and a new generation of tech-literate youth grows of age to embrace the digital currency. The curious openness expressed toward bitcoin by younger generations bodes well for cryptos potential to reach a mainstream adoption phase in the coming years. It may not happen tomorrow, but bitcoin and the rest of crypto can definitely do with a head start to prepare for the spotlight down the road. As the technology matures along with the audience that will eventually embrace it, we might be headed for the perfect storm - a confluence of circumstances that will prove that digital assets really are a multi-trillion dollar asset class. One clear example of the maturation of blockchain technology is the Bitcoin networks near ATH daily transaction levels combined with near ATL transaction fee levels. While it may not seem like anything is happening with BTC from a development standpoint, that couldnt be further from the truth as revealed by blockchain analysis of bitcoin TXs. When the late 2017 bull market engaged its thrusters, bitcoin famously left users with unbelievably long wait times and fees due to record levels of network congestion. It was an event that shook blockchain ecosystem investors as they realized that price was running far ahead of fundamentals. The extended bear market has cooled prices off considerably (to say the least), giving fundamentals like those just mentioned time to catch up and set the stage for the next bull market. Additionally, the clear signs of accumulation currently in play mean that bitcoin is not only surviving, but its thriving. Given a little more time and an injection of financialization from parties like Bakkt, Fidelity, we believe that now is the moment for taking a serious look at a restful BTC before it revs up again.
Billion Dollar Companies Utilizing Blockchain.
Forbes published a list of companies that are implementing blockchain technology with minimum revenues or a valuation of $1 billion dollars. Amongst the list, there are multiple traditional large corporations in the technology, finance, and supply chain industries such as Amazon, BNP Paribas, and Foxconn. Some notable blockchain / crypto, specific that made the list include Coinbase, BitFury, and Ripple. A Fifth of Institutional Players are Invested in Crypto. You may have noticed that Fidelity Investments loves cryptocurrency. With over $2.46 trillion in assets under their care, its reasonable to say that Fidelity knows a thing or two about where and when to be invested. Despite the bear market, Fidelity went ahead with crypto trading and custody products while executives at the company repeatedly went on the record to profess their love for the emerging digital asset class. Recently, Fidelity published the results of a comprehensive survey regarding the amount of exposure to held by institutional investors. Their report suggests that at least 22% of institutional buyers have at least some exposure to crypto currencies, like bitcoin, and that the next five years will see a huge influx of additional investment by major financial players. Apart from technical analysis perspectives, there are several bullish fundamental factors worth considering which are likely fueling the current surge. Fidelity Investment is Going Live With Crypto Trading Platform. Previously, Fidelity executives indicated that the platform was not only ready but that they were eager to set the platform loose upon a select network of loyal accounts. Major retailers like Starbucks, Whole Foods, Nordstrom, and Home Depot are now accepting cryptocurrencies like BTC and ETH using a payment processor called - Flexa -. The partnership marks a watershed moment for cryptocurrency as a payment method and could well represent a turning point in the industry. With Bakkt and Fidelity Investments inching closer every day to launching their game-changing products while people around the world begin to give crypto a second look, the sky is truly the limit - as clichè as that may seem. Bitcoins growing price reflects its maturation as both a network and a currency while its increasingly going mainstream in the finance world.
So, where to from here?
We believe that $9300 - 9k is an essential pivotal support and should hold in the near-term as price consolidates. If we break below the $9k level, expect a continued downside that could sweep the low $8500 -7500, and potentially lower. The point is, if bitcoin is going to continue its current run, buyers will need to start showing up in these higher reaches. Without that, price will consolidate here awhile before deviating from the trend weve enjoyed for the last few weeks. The why of that scenario rests with a significant development in Bitcoin FA (fundamental analysis) - the VanEck SolidX ETF decision was just delayed again. Without a major FA driving force like a potential ETF decision hiding around the corner, BTC price is fated by the charts. Sure, there are several factors in the distant horizon for Bitcoin like the Bakkt platform, another potential ETF, and the halving next year, but those are macro-view events with long time frames. In the here and now, were gearing up for what we believe is an impending alt season that may blow us all away with its force. Thats the hope - but its hope being lent to us by the charts. Essentially, we believe that the altcoin market has reached a macrocycle bottom and is ready for a substantial move to the upside. First and foremost amongst altcoins is, of course, Ethereum. We saw record trading volume on ETH pairs. As you may know by now, volume precedes price so, Ethereum will most likely lead the altcoin charge. Were positioned for that possibility and will update you further as the situation develops. SEC Puts Another Delay on Bitcoin ETF Decision In a repeat of all of last year, the SEC has again delayed deciding on the VanEck SolidX Bitcoin ETF proposal. The move was widely expected, and its doubtful that anyone was counting on approval this time around. Now that we think about it, its a little bit funny that the VanEck SolidX ETF delay has become a quarterly tradition in the cryptocurrency world. Every time a decision draws near, BTC decides to stretch its legs a bit. The new deadline for approval, rejection, is October 18, and at that point, theyll be all out of delays. Now they need to send a response. Approve or reject!!! After nearly two years of waiting, were finally getting close to decision time. If products by the likes of Fidelity and Bakkt are live and stable well before then, they should go a long way towards convincing the SEC that an approval is sound. Keeping an eye on crypto markets is hard work. The market never sleeps, requiring constant attention and unwavering focus from analysts, given how consistent and dedicated they are to keeping community moving with the market, and not against it.
Lets Play
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