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Bitcoin: BTCUSD Saturday Update and Next Trade Points Bitcoin Saturday Update and Next Trade Points Bitcoin went into the weekend looking like it was just a matter time before it broke lower still. All that consolidation below structure to the left of price was saying that no-one wanted Bitcoin above 6666. By 22:00 gmt this level really had taken on major significance. The number of the beast or no, it was also now the dividing line between Bitcoin staying negative and flipping back to positive. Then at around 01:50gmt there was a massive whale attack. And although primed for just such an event this weekend, we've never seen an attack out of far East like this for months now. It was big volume - a serious attack. The trigger for the next long was a break above 6670. Since then Bitcoin has surged up to test the junction of the fixed and dynamic resistance lines at 6909 with an intra day high at 6917 on Bitfinex. Now it needs to consolidate some more and is doing so by unwinding in a 100 point range with support underneath provided by the 6817 line here. Can either close out here around 6868 for 218 points profit overnight or stay with it with a stop under 6800 for 120 or so profit if struck. Am doing former as it's the weekend, looking to re-enter long only once 6909-6950 range is broken above, looking for a rough 400 point rally to 7266 minimum and more likely to 7431. On downside support at 6818-6800 line must continue to hold up on retests today for Bitcoin to remain positive from here. A break below 6800 will tip Bitcoin back into bear territory and trigger the next near term short from here if we see it, back to 6666 - where it should bounce again. We are still stuck in the range with the weekend ahead. Unless 6950 can be broken above that looks likely to remain the case for a while longer this weekend - but with some decent near term trading opportunities ahead of us all the same.
BITFINEX:BTCUSDLong
by sumastardon
11
BTC - CLASHES OF GREAT LINES! READY FOR BIG PUMP OR DUMP!*I suppose that some things will happen between 22th of March and 29th of March. *New Scenario is being written by market makers and us. *Look at the FIBONACCI TIME (Blue Vertical Lines) *Green Resistance is a great breakout because it is ATH Resistance Line *Red Support is a great historic bulletproof line because it is has huge strength coming from 900 US dollars. *Sorry to say but I think bear will win this time again. 6000 K or 4400 maybe 2900-3200 is another will be our targets. *What happens does not matter... At both situation, Bitcoin will create news resistance lines or support lines.
BITFINEX:BTCUSD
by bakguc
3
BTC - TRUST IN "BEAR-PROOF" HISTORIC SUPPORT LINE! BUT ...*March is dangerous. Bear is still alive because : *BTC turned down from rising wedge and I think it will land around 9K-9500K... *Red clouds will keep Bitcoin a little more under it. *Volume is so low. *Bitcoin dominance hit %42 but no flow from outside the Market. *BTC absorbs altcoins ,but it is done money crossing from altcoins. *Bitcoin has eaten its tail until now. It is over and price correction is on the way. *If bulletproof historic supportline is broken then we will see first 5800 and 2900 (still possible!) *Dont buy any altcoins now! Please Check my graphics about altcoins with title "when to buy altocoins 1-2 ? "
BITFINEX:BTCUSD
by bakguc
BTC -WHEN TO BUY ALTCOINS?(2) PLEASE DON'T BUY ANY ALTCOINS NOW!Before this chart , I said : dont buy any altcoins until "confirmed" BTC/11400 or crosses BTC/12000. I hold full bitcoin , I hope you did not buy any altcoins. We witnessed that all altcoins had dumped. Now there is buy oppurtunity for altcoins if that happens: *If Bitcoin touches around 9000 *It bounces from there *Finally crosses 9500 *Then buy altcoins (only oversold ones you want buy before!!!) (Note: You can use this site to detect oversold coins>>>>> rsihunter.com ) These are the conditions to buy altcoins up to me. If Bitcoin does not fall to 9000 and goes up and crosses 10300, this chart must be cancelled and my first ''When to buy altcoins?" chart works again... Check it from my profile history.
BITSTAMP:BTCUSD
by bakguc
2
Heading: BTC/USD Follow Your Daily Updates here! Hello My Dear Supporters! Back again to make sure you don’t miss profits or opportunities. We have just closed our previous BTC/USD trade with profits on both sections. We are looking at taking a nearly identical trade here, using the same analysis. Its really this easy. Our analysis Friday (See below in related articles) was spot on with price consolidation below the 200EMA (Green Line). We have now seen a Break of the 200EMA and made profits from the resulting breakout. (A bit more would have been nice). Price has now pulled back the 200 EMA again and this time is also testing the 38.2 Fib level (Overlaid) and is starting to head up again. We have the chance to repeat the trade and use what we have learnt. We can see the current bar is now getting a long tail on the bottom as price rises, creating a Low-Test bar (Orange Arrow Below). If the bar closes above 10,400, then we can consider it Bullish. The Aggressive entry is to buy it there, its aggressive and HIGH Risk in this market. The conservative Entry is to wait and buy at the high of the bar with Stop Loss below the bar and the 200 EMA. Conservative Entry $10,640 or above Conservative Stop Loss $10,100 Targets Just before the yellow lines at $11,121 and $11,979. To make Dollars your decisions need to make Sense. Leave the aggressive entries to the pros. They know how to apply more discretion to trades and get it right. Remember tomorrow most of the bigger traders will be back and BTC is likely to bounce around a bit. Quote of the day I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful
COINBASE:BTCUSDLong
by DollarsAndSense
10
Bitcoin BTCUSD Sunday Update and buy pointsBitcoin BTCUSD Sunday After breaking lower early on in London on Saturday morning Bitcoin fell to a low at 10800 on Bitfinex feed - was meant to fall to 10750 at least once the break came, so not too good. Even worse, no buy orders were placed anywhere near the lowest levels...on the upside Bitcoin had to break above 11230 to trigger the next long, looking for resistance at 11336 which then needed breaking by the bulls to trigger a rally to 11646 initially and then on up through the resistance levels above it to an upside target at 12950. Having made that break Bitcoin did rally to 11646 level, spent 12 hours consolidating at these higher levels before a second surge of buying interest took it to a high overnight at 12190. Overall, Bitcoin is beginning to stabilise and absorb bad news by defiantly making higher lows with each new horror story to hit the market. These are signs of underlying strength. Institutions and traders are happy to buy the dips. Additionally, there is a bull case for calling Bitcoin up to 15770-15957 range on the back of a massive reverse head and shoulders formation, the neck-line of which was broken through yesterday. This pattern is a little sketchy so only the neck-line has been drawn in here, but the break came at the 11330 level on Bitfinex and has a minimum upside target of 4625 points, so 15955 on Bitfinex...time will tell In the nearer term Bitcoin is unwinding an overbought condition and can come back to 11646 again and potentially to 11500-11400 range at lowest before the rally continues. Look to buy the dip. Bitcoin is beginning to recover - but we still look to trade this monster rather than seeking to own it outright. So long as it keeps moving we can make a lot of points by following the breaks signalled by the charts, whichever exchange you happen to use
BITFINEX:BTCUSDLong
by sumastardon
2
$BYOC Releases Massive Acqistn News 1 of 3 to 4 Multi-Mil DlsBeyond Commerce released news of its first multi-million dollar deal worth $25.7 Million dollars yesterday after signing a business combination agreement with Service 800 www.otcmarkets.com The company currently employs 342 employees and has two offices in Hong Kong, one office in London and an office in the United States. However the best news yesterday was the latest filing by $BYOC showing over 500,000,000 Common Shares are locked up by Institutional Investors! Which makes the tradable float around $200 Million only www.otcmarkets.com The company will be releasing further updates in the coming weeks.
OTC:BYOCLong
by StockGuild
Bitcoin BTCUSD Bitcoin and Klondike Compared/Next Buy PointsBitcoin Weekend Update - Bitcoin and Klondike Compared - Next Buy Points After the selling climax reached post S Korean news Bitcoin, if it was to continue acting like text-book version of how a coin should move, was expected to rally back to the very start point of the rout and then consolidate. Overnight Bitcoin played by the book. Actually the high on Bitstamp was 14468, some 29 points under the actual point of rout, but not bad. This beast a proper thorough-bred. Earlier yesterday either you got stopped out at 13700 for 1000 points profit, or if using the 'other' service which cannot be mentioned by name under threat of yet another ban (see top left of sumastardon page, under big green S for more details of that if a Bitcoin aficionado) will have managed to exit very close to the top of the run yesterday at just under 14150 for some 1440 points profit, or 10% of Bitcoin in 12 hours flat. We can make some serious returns on Bitcoin without ever having to 'own' it for very long...too risky! Trading this monster is in reality way LESS risky than owning it. Since that trade we have gone long around 13600 and lost 60 points and gone long again from 13417-13370 range with the subsequent low being struck at 13391, right in the centre of the lowest downside target, and has since rallied overnight to retest the S Korea pre-news level to within those few points at 14437. If you closed out close to those levels that was fine trading and another 1020 points won...so up to 2400 points 'mined' in just 44 hours or so of frantically...twiddling our thumbs and hitting a button about 6 times. When you stop to compare the hardships we have to endure to mine a few points/dollars from the rich seam in the sky to those faced by the men who set out to find their dreams in, say, the Klondike gold rush it makes the head spin. The risks they took and the broken dreams they took home with them, if they survived the ordeal, bear no comparison. They were looking for something real (gold) and for the most part couldn't find it. We look for something 'unreal' and seem to find it everywhere. We don't have to cross oceans and climb 'golden staircases' in deepest winter risking our very lives to find it like some of our ancestors did. Could this have been you in another age? We can sit at home and watch Bitcoin and chill. Way more exciting than Netflix ever was or could be, no? But there's a deep irony there too. We are so damn lucky. Do we realise it? Well we really are making it 'real' in some respects. We are turning something that might still be unreal into something tangible and very real. Bitcoin = points = dollars. E=MC2 for miners. And so long as we hold the dollars who cares if it's real or not? That is not our problem. Our only 'problem' is spotting patterns in the seam and trading/mining them. That is all we should be concerned with, pretty much - as well handling tax returns - which should be quite large unless you're planning ahead... But back to the now, now. Bitcoin is consolidating overnight gains and now has to push on through that high from overnight and break above 14460 to really power ahead again from here, triggering the next long for 500 points to 14960 - otherwise we wait for lower values. First support is at 14081 but gets stronger at 13965-13900 range ...look to buy the dips still, Bitcoin is beginning to get back on its feet
BITSTAMP:BTCUSDLong
by sumastardon
2