BTCUSD Today's Trades from hereBitcoin BTCUSD Today's Updates/Trades
Bitcoin Coinbase Chart Update 09:30gmt 04:30est
Bitcoin made an overnight high at 6893, some 8 points shy of
the first upside target at the upper parallel before falling
away below the rising dynamic which then triggered a short
from current levels around 6844. But in the interim Bitcoin
has spent the night moving sideways in an unusually tight
range between the 6813 support line and the resistance line
just above at 6849.
It's therefore about as neutral as it's ever been in recent
memory. So can close the short is still in position here. It's too
neutral here to hold it really.
It has to break above 6870 to trigger a long with stops below
6840, looking for 6955 line and then 7150-7160 once 6955 is
broken above.
On downside so far Bitcoin is hammering out support above
the stucture sitting below it. Whilst it continues Bitcoin is not
negative and cannot be shorted. It has to move below the
6771 line here and the lower rising parallel to tip it back into
bear territory and to trigger another short back to 6698 line
initially and potentially much lower still.
14:30gmt 09:30est
Raise the stop to 5 below price on this long - the rally is so far
just a 1% pop and has only 30 points of upside left until it's a
sell again - it may get hit and likely will - if so can put a sell
order at 6955 with a stop 10 points higher at least and wait...
14:42gmt 09:42est
Can close out now - was wanting to sell but it's risky - if so put
a stop just 5 above this new high on Coinbase
If it breaks higher than that can get long/reverse with stops
below 6945. Tricky here now
15:46gmt 10:46est
this short is under pressure from stop hunting bots.
Can put a tiny dynamic under price which has a bot-like vibe
as it rises- should start to lose and flip lower once lost - can
short again/addor open fresh short once it does - or from blue
line at 6955 with stop 10 higher - ready to reverse long if hit
(as previous updates)
Update
ION looking great after announcing partnership.Ionomy studios announced this past Friday that they have partnered with Rekell Games and will be involved in a redesign of the popular game Rumble Arena!!
Jumping from coin rank 171 to 156 in the period of a week, USD value has increased more than 40 cents with a $7,188,296 increase in market cap since my last overview of the coin!
Community wise, support for the coin is growing and technical analysis seems to be confirming an uptrend. Following support on the 1-day chart and recently bouncing from the .618 price action has wicked through resistance at the .382 twice in the last few days. Breaking a number of resistance lines on the 4-hour chart price action has also broken through resistance on the the RSI. If support for Ionomy's innovations continues, ION looks like it could reach it's all-time high of $8.18 again by the end of the year...and then who knows from there!
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.
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.
ETH / BTC - WHEN TO BUY ETH ? *H&S form will drop ETH to the green zone.
*By the way green zone is the accumulation zone for me
*ETH has a very very low volume
*ETH is losing its dominance againist Bitcoin
*Ichimoku shows bad things will happen
*Unless good news is pumped to the market ,
I am a kind of shorter of Bitcoin so as ETH.
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 ? "
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.
BTCUSD Confirm 5th wave. It drop! UpdateHey guys.
Update on BTC.
The 5th wave seems to be present.
This tells us that BTC is going down.
BTC will go down area 4900 USD.
Usually, when BTC goes down, the alt goes down too.
I invite you to go see my other BTC charts.
For more update, add me on telegram: web.telegram.org
Let's get rich with me ;)
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
BTCGBP UpdatePublished new chart as last one was titled short, but was posting the updates on that.
We need to follow the patterns carefully, but we eventually got some upside from target area. Blue arrows possible scenario, one more thrust unto the purple and 786/88 fib levels and then back down, before finding support.
break below the green support line, look for downside
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