Get started

TOP

Bitcoin by EXCAVOParabolic bitcoin price growth this year was a trap for the "bears". The explosive rise in prices is the usual short squeeze, which was initiated by cryptocurrency exchanges and big players, while real investors are waiting for a healthy recovery to start buying again. “Short-squash, devoid of any real volumes of investors ... I am waiting for this pump, managed by the exchanges, to end, and there will be a proper recovery. I believe that only then investors will come to the market, which will begin a real bull market. Short-squash occurs when most traders open short positions (lower prices, short). In an effort to knock them out of the market, large players began to buy huge amounts of Bitcoin, raising the price, forcing the shortsists to close their positions. This price movement is usually very fast. When most of the shorts are eliminated, the short squash closes, since there is no longer any sense to keep buying. We are now at this stage: “At the level of $ 8000-9000, the majority moved from short positions to long ones. This limited the short squeeze ... Currently, the bitcoin market price has outpaced the influx of organic investors. Never before have we seen such a divergence at such an early stage of the bull market. The analysis is not pessimistic, but represents a cautious approach to the explosive growth of prices. The conclusion is that, with a probability of 95%, the bottom of Bitcoin has already been passed in the current market cycle. If you like my work, please support it by clicking the LIKE button! Thank you for your interest!
COINBASE:BTCUSDLong
by EXCAVO
30
Has BTC Topped?BTC currently completed a 3 drive to a top, with FIB symmetry. Whilst also being in the middle of a a Right Angled Ascending Broadening Wedge, talk about fuckery. The bearish side of the wedge is, if price fails to reach the upper trend line, it's a big indication that price has topped, price should come back and test the lower support line, bounce, retest the support line and fall through it. The oscillators (RSI and Composite Index) are following their respective trend lines. The chart on the right is with a pitchfork added, it blows my mind that the fibs overlapped and crossed the 0.5 line at the exact place price topped out... No doubt we are bullish, but the weekly chart of BTC 2011 the bear market ended with divergence, that's how a bottom is in same here in 2014 - for the end of the 2018 bear market there has been no divergence (except on the daily) - the monthly chart for BTC in 2014 again ended with divergence - monthly chart comparison - both have made W bottoms, a bottom isnt sustainable if its made by a W as seen in 2014 (needs divergence) monthly C Index and RSI are both at their respective resistances - the RSI for the monthly is still technically in a bear market whilst below the 65 level On the bullish side of things, lord have mercy on the bears if we breach this 3 drive to a top, price will moon. The Fib Kid.
BITMEX:BTCUSD.P
by The_Fib_Kid
BTC Accumulation, it is long for the king I disagree with my colleagues regarding further downward BTC movement. Personally, I do not see enough arguments for this, but rather the opposite: a strong bullish trend, market maker accumulation for the desire of the crowd to sell, an increase in the number of shorts and also what is important - fixing positions by ordinary traders (see VSA). MACD has already dropped local overheating, and is ready to start a new bullish cycle. RSI is similar. By the principle of inertial analysis, we are also in the balance stage, and the level of success (7200) has not yet been broken, moreover, we have not even approached it. All this structure also resembles a triangle, or at most a flag. The only thing that really bothers me is a candlestick analysis of weekly TF, there we have a whole set of reversal patterns: Rickshaw (a type of doji, and bearish absorption) However, we also see a similarity of the “Clearance in the Clouds” model - this is a bullish reversal model, and it is desirable for us to close the week above 8100, so that there is more confidence in the strength of the bulls, and reduces the value of previous bearish models. Let's go back to VSA (we will then make a small article on this type of analysis) we see that all the straits are redeemed at an increased volume, followed by a candle up, based on the theory - the market maker picks up a position about smaller players, giving them the opportunity to sell. After this process, growth usually follows, since all the interest of the seller was bought out in the flat, and in the future just no one will sell the asset, which will give him the opportunity to grow further. I don’t see in this flat range a shopping climax, and this may in part be the distribution stage, this is indicated by increased volumes on bullish candles, but we cannot get into the heads of the owners of funds and banks, and find out their goals. We only see what the chart shows us, and I don’t see anything SHORET personally. Bitcoin is in the correction for the decline, it only changes the trends.
BITFINEX:BTCUSDLong
by IgorPorokh
22
LTC TOP? Couple of indicators says so.What's coin on guys? A couple of indicators are pointing LTC correction is on the way. 1. Price action combined with fibs has gotten LTC right in the golden pocket of previous range (61.8 – 65%) 2. Daily RSI bear div 3. Daily histogram bear div 4. Volume div 5. Top of the raising channel resistance 6. Rising wedge 7. BTC NVT still burnin' red 8. Market sentiment bullish again only because BTC bounced of of the neckline. LTC actually finished and confirmed cup & handle pattern with the target of around 90% of the previous move, but there is a lot more bearish indicators, so odds are on the side of bears, but never the less my stop loss will be very tight, just in a case whole market decides to fly again.
COINBASE:LTCUSDShort
by AjnoudaSikret
Bitcoin: BARR - Bump and run reversal (Bulkowski)Lead-in: angle not too flat, not too steep - visual assessment okay (scale varies, ~25-50 degree angle for reference) Bump: angle should be ~50% greater than lead-in angle Bump validation: distance from bump line to highest high should be at least 2x the distance of lead-in line to highest high Reversal: look for top patterns and descending peaks Run: once lead-in line support is broken, large decline occurs - sometimes retested and support becomes resistance
BITMEX:BTCUSD.PShort
by cerebralfx
1
How we correctly predicted Bitcoin's crashThe longest over expanded period period's 1.25 standard deviation was crossed and bitcoin has entered its compressionary period to restore the market to a state of potential energy. Trend cannot continue until the 225 period WAVE PM compresses below the 0.7 value, which should result in a sustained sideways move. This will be the beginning of alt season. When BTC goes up, alts dump. When BTC goes down, alts dump. When bitcoin does nothing is when alts have the legroom to thrive. I will be attempting to buy the dip on BTC and enter relevant altcoin longs at the same time. ENG RVN and XRP immediately come to mind as having high upside potential. For more information on the terminology used here,
COINBASE:BTCUSDShort
by DadShark
Bitcoin: Potential Bearish Divergence TargetsCoinSavvy here with a price update on Bitcoin . Things have changed, and I want to update my analysis and my trade game plan. I have exited my Bitcoin position as it closed multiple 4-hour candles below $8400 (see “Bitcoin: Higher Time Frame Breakout Series – Daily” linked at the bottom of the page) for my setup there. I had entered in around $7400 ever since the 3-day chart told me to enter when it closed above the 200-day sma (see “Bitcoin: Another HUGE Move is Brewing!” linked at the bottom) for my setup there. Now that we had a giant rejection at $9,000 I want to gather some information in case things turn over for real here. Tonight, Bitcoin closed the daily, 2-day and 3-day candle around $8275 but more importantly it put in a low right at $8,000. If we tick back down below $8,000 with these new candles, then that would be considered a local top which would print out some pretty nasty bearish divergence on these time frames with the RSI as we have higher highs on price action with lower levels on the RSI . When it comes to bearish divergence I have been seeing price tend to come back down to its 21 ema (bold white) so I marked these levels on this 3 day chart of Bitcoin with horizontals. Below are the levels and where they correspond to the other time frames. Daily - $7,850 This is where the 21 ema is on the daily 2 Day - $7,100 This is where the 21 ema is on the 2 day 3 day - $6,600 This is where the 21 ema is on the 3 day These targets are not able to be used until we actually tick past $8,000 and most likely want to wait for an hourly or 2 hour to close below that level which would indicate that this is a local top and now we have divergence to deal with. Bullish case : If this does not play out (quite yet) so if we start closing 4 hours above $8,400 soon then we must switch around the game plan to bulls business as usual as that would indicate that this overall bull trend upwards not quite done yet, however it is really starting to look like things are ready to turn around with all the medium time frame indicators turning bearish and the higher time frames starting to turn around. I have my eyes on something else at the moment (shorting the S&P ) and don't want to get too greedy with Bitcoin as it's been great to us so far so we will see what happens but I don't plan on entering a position for a while in Bitcoin as long as these divergences are playing out. Keep an eye out for both scenarios each time and it will keep you sane! I will post something about SPY and SPXS tomorrow afternoon Coin Savvy, signing off. Enjoy your night, enjoy the charts, and respect the technical analysis .
BITSTAMP:BTCUSDShort
by Coin_Savvvy