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BTC Possible TargetsAs you can see in the chart, bitcoin is clearly moving in a downward channel so possibly it can breakout to upper trend line 8700+ and then came down or can also keep sliding with the lower trendline. There's a long term gap awaiting to be filled at 7400 (good entry point for short term) and btc has to touch that level no matter it goes up for short term or slide. Than 6000-6500 is a very very strong support level which has the ability to change the whole bearish trend. If that level broke than definitely the next support or gap is awaiting at 5500 which can push prices up. This whole process gonna be very lengthy and trend reversal can happens somewhere around next year. But at the end Bitcoin is a dream for people like me poor and middle class, and it's toy for rich people to make money and manipulate market. Big whales can't understand how much it is valuable for us and what does bitcoin means to a middle class person. For them it's just bag of money but for us it's bag of our dreams which we want to carry on our backs for our children future no matter what does it cost us to carry the bag. We will not give up on it because except that there's no hope. It can be a source to buy lambo but it can also be a source for our children's doctor degree, engineering degree. It's the hope for a better future... better future for us for our family and kids. It'll not die and we should not stop believing as I was reading someone's idea and a very beautiful line he wrote "World has enough for everyone's need but not enough for everyone's greed. So don't be greedy for bitcoin you'll get only what you deserve so don't rush for more and invest only according to your dreams. I know it's personal but I want to share something, My son's 1st birthday is coming in Nov, and I bought a physical btc coin to gift him. I know it's too early but I want to give him hope and want him to save till it's 18th birthday and the most interesting fact is I've no investment in bitcoin none of other thing because of my financial situation but as I said I'll never give up it's the question of my son future and bitcoin is the only answer. Thanks for reading :)
BITSTAMP:BTCUSDShort
by Umarzia
9
After all is BTC break triangle???!!!I think BTC have been performing a symmetrical triangle. this triangle consists of 120 candles, so 90 bar needed to break one of those trends. A break of the downtrend is very strong. if it happen, can go up to 12k and then pullback to about 10k and under it and then rise to about 16k. if it breaks the 9k support, can fall to 7500 or even 6000. what is clear is that we should hold and see what happens in next days...in fundamentals because of BTC is safe assets for people (like GOLD), then in Wednesday if federal reserve decide to reduce Funds rate then BTC can go up, of course if FOMC chairman Powell don't any other decides!!!... so let's wait and see what happens in next days...
COINBASE:BTCUSD
by Zeotrix
Bitcoin Update#17 - Everything is hard before it is easy.Hi, today we are going to talk about Bitcoin and its current landscape. Like we previously saw on Gann, as we have vehemently affirmed for some time now, the importance of this level as former support (broke) now as a vital resistance for the price. Since the price already tested this former support, like rules the Universal price action law. Above we have possible zones where the bulls could set up a defense We observe the breakout of an Uptrend Line that if confirmed, could trigger a Bearish attack and for a consequence, the price could go to the Bullish defense at the supports bellow. Thank you for reading and leave your comments if you like.
Short
by Igor-Silva
8
Bitcoin and Bull NewsIn the market bullish news only publish here is one of them: Bullish news: Media: Bitcoin-ETF VanEck and SolidX will launch in a limited format without an SEC solution. According to WSJ, the launch of ETFs from VanEck and SolidX may take place on Thursday, in accordance with SEC 144A. According to him, securities will be available only to institutions. At the same time, there is no need to obtain regulatory approval. Retail investors will be waiting for the SEC decision. #ETF #Bitcoin
BITMEX:BTCUSD.PShort
by IgorPorokh
4
The Bitcoin Chart They Don't Want You To SeeAre we going to see a similar move like this after a big wick taking out both longs and shorts? I was going through my analysis and we broke down as predicted in my last two updates and we are getting very close to the 'secret bitcoin buy zone' on the weekly 21 EMA with our RSI resetting to our bull market support. If you haven't seen my 'secret chart' yet, head here to check it out. We're getting close to the bounce zone. I also gave a lot of reasons for confluence on my more in depth analysis here: I see, once again, traders calling for low $7000's and potentially even lower. I am not convinced we are out of the bull market yet as we haven't even had our 21 EMA retest that we've had on every single uptrend we've seen before and we are still far above the 200MA on the daily. This was just a fun analysis (I don't typically take fractals too serious) as I saw some eerie similarities in the market structure from last week that lined up perfectly with my $9100 buy zone. I like to post my thoughts for you guys anyway, whether they are right or wrong. It'll be pretty cool if it does play out the way I want it to though! :) Remember, if you're trading on a spot exchange like coinbase or binance, they are running about $20 more than leverage exchanges. So, make sure you calculate this. The only question is now, will it line up for the #6 part where it bounces hard off of that lower support zone that it has touched multiple times. It **IS** possible that we go to $8500 as there are a lot of things that give us confluence there like the CME futures gap, the 50% fibonacci zone and several other things. I guess we will have to wait and see if this plays out. As always, make sure you are managing your risk appropriately and let me know what you guys think in the comments. Here are some key levels I'm watching for. KEY LEVELS WE ARE WATCHING FOR: SUPPORT = Support Zone - $9333 - 9078 21 WEMA - $8968 CME Gap and 50% fibonacci zone - $8450 RESISTANCE = 100 DMA - $10,047 – Broke on 8th attempt Channel - $10,344 – BROKE and Trading BELOW Local Downside Trend - $10,152 9 DEMA - $10,047 20 DMA - $10,429 50 DMA - $10,510 Swing Fail Trendline - $11,064 Weekly Resistance Zone - $11,382 - $11,532 Thanks for reading guys! Love all the support and comments. Let's go make some money together.
BITMEX:BTCUSD.P
by jacobcanfield
127
WHAT DO A MEGALODON IN BITCOIN IS DOING RIGHT NOW?!!Welcome back everybody, Our first target at $10654 has been hit, bringing us 12.54% profits. Our second target at $10900.has been hit, bringing us 15.69% profits. Next supply zone is around $10363. If we can break above $11,100 - I can see a really volatile move towards the $12,137. Thanks for the support Megalodons. I appreciate you all! Let me know what you think about Bitcoin :) HAVE YOU SEEN THE BACKTESTING RESULTS ON THIS INDICATOR YET? IT IS 98.75% PROFITABLE ~Bo Megalodon Trading Enlightening the modern investors
BITSTAMP:BTCUSD
by MegalodonTrading
5
Trading Bitcoin in a Parabolic Curve - Possible $30,000 TopFirst off, I'd like to shout out a fellow trading view analyst @filbfilb who predicted with high accuracy a $20,000 top and a regression to the mean of $3,000 in December of 2017 by using a similar style chart of analyzing a parabolic curve on Bitcoin. I'm taking his concept and applying it to the current trend and 2019. There are so many macroeconomic events that are creating a bullish vaccum for Bitcoin right now: - Weakening world fiat currencies - Trade tensions - Federal Reserve Interest Rates - S&P500 looking toppy. - Economic sanctions. - Yield curves on bonds moving upwards. From the parabolic chart, it appears that we are currently breaking out of the Base 3, which is one of the fastest acceleration points for an asset. In 2017, we saw multiple 40% corrections in Bitcoin during its ascent to $20,000, but for 2019, we haven't had a single correction over 30% so far. This can be attributed to a lot of reasons, but a parabolic trend is where there are no sellers left as price rises due to supply/demand and it creates a vacuum where there is only buying pressure. You will see slight profit taking at different levels as each person/institution will have a set target range for them to exit an asset, but new buyers will typically step in. Based on Google trends, there is barely an uptick in retail interest so far, which means that this is being driven by institutional interest and not so much retail. I derived $30,000 top from my Fibonacci levels that I created over a year ago, which lines up with the 29.034 Canfield Fibonacci level. I had previously been anticipating a cycle high at the 46.979 fibonacci level at $52,000, which may be the cycle top. So to be clear, I am not claiming that $30,000 will be the cycle top for now, but will be a strong resistance level where we should see some strong profit taking and a potential parabolic break to the downside towards the .618 fibonacci retracement level around $13,500. If you don't remember those fibonacci zones, I derived them from the following equations beyond the 4.23 to track long term assets in an uptrend. • 6.854 = Any number in the sequence / 3rd number prior in the sequence • 11.090 = 1.6185 = Any Number / 4th number prior in the sequence • 17.944 = 1.6186 = Any Number / 5th number prior in in the sequence • 29.034 = 1.6187 = Any number /6th number prior in the sequence • 46.979 = 1.6188 = Any number / 7th number prior in the sequence • 76.013 = 1.6189 = Any number / 8th number prior in the sequence • 122.992 = 1.61810 = Any number / 9th 2.88% number prior in the sequence. This also coincides with an intermediate cycle top that corresponds to Positive Crypto's golden ratio multilpier as well that Crypto Hamster took and made into an indicator on Trading View (just search Golden Multipler) Strategy: Ideally, you stay in a long position until the trend breaks and if you are looking to short, I would do it with 1X at the resistance levels outlined above to create a 'synthetic cash' position to hedge yourself with a stop loss above each resistance point. RESISTANCE ZONES: $16,800 and $28000-$30000. Let me know what you think of my work and if you want to support me, give this idea a like and leave a comment below. Thanks!
BITSTAMP:BTCUSDLong
by jacobcanfield
96
Many Reasons to buy at around 7000Hello everyone, I have considered wave count in many ways, but finally found a perfect way to analyse the wave count. There are many reasons for buy at near about 7000 (If market goes to this level)- 1. Trend line support. 2. Previous 6800 support. 3. 38.2 fib retracement level at exact near 6800. 4. Bullish Alt bat or bat pattern formation. 5. And finally and most important Expanded flat Elliott waves correction pattern completion. If market goes above 8100 level then whole setup may be changed.
Long
by Dverma900
Break Out Possible While Everyone Is Bearish? (High Risk Trade)Good morning traders! First off, thanks for all of the support on my previous analysis and if you enjoy this one, please consider clicking like below to support me. :) Secondly, don't yell if this trade doesn't work out... look at the title (high risk.) We've had an interesting few days of bitcoin price action as low time frame traders are getting chopped up with lots of wicks going up and down after with the recent attempt at $9,000. I myself was very bearish around the $8600-$9000 level as volume was dropping off and divergences were showing up on most time frames. I even had my trading members move 100% to cash and close out all of their positions. At first, this received a lot of grumbling, but now they are happy as they've seen the recent price action and have saved themselves a 10% drawdown on Bitcoin. I initially had a target of $7200, which would complete the CME gap fill as well as retrace to the 50MA on the daily (which may still be valid), but I am seeing a potential retest incoming similar to what we saw May 15-17th. I wanted to get this analysis out so that you could see other potential scenario's rather than the doom and gloom on twitter and trading view. This set-up is easily invalidated and the risk is low as we know where our support level is ($7450) as well as the 200MA on the 4 hour. My disclaimer here, before we begin: Buying here is buying into a down trend and attempting to catch a knife, which is not usually recommended and not the most ideal set-up. So, exercise caution and make sure you use your stop losses in case my analysis ends up being incorrect. (that happens from time to time.) If you missed my previous analysis, please check it out here where I covered the bearishness around the $8800 level. Overall, I assumed that if we broke the 20MA on the daily, we would naturally retest the 50MA on the daily similar to back in 2017. Looking at the 4 hour, however, I see that we've got a lot of support on the 200MA on the 4 hour chart. This has held us up since February when we were sitting around $3500. Needless to say, this is a strong suport at the moment. High time frame, you can see that we are breaking down to previous resistance levels from the 2018 bear market. The previous break down hit $6400 and this recent break down hit $7450 with precision. My trade set-up: ENTRY: $7650 (already tagged) Stop Loss: $7400 (loose), $7600 (tight) Target: $8300 (I will trail my stop if the trade moves up hopefully tagging the low before pushing to retest the highs.) Risk/Reward Calculation: $650 / $250 = 2.6 RR Potential Loss: 3% (loose), .9% (tight) For those looking for the bearish scenario: From my previous analysis, the $7200 zone is a gap fill on the futures market. Again, this is higher risk as the set-up is not confirmed and is more of a 'buy the knife' trade set-up. Confirmation of bearish or bullish will be determined by the next move on this 4 hour triangle.
BITMEX:BTCUSD.PLong
by jacobcanfield
13
Bitcoin (BTCUSD) Bitcoin may be rejected at 8600+.I have been on a hiatus from posting charts after taking a pretty big loss back at 4250 levels, but after scalping and longing the bull market, the hurt is gone. My BTC holdings have gone up over 2x despite my failed trade at 4250s, which makes things feel much better. After consistently being wrong about Bitcoin price movements, (as I had the bear market mentality), I decided to stop posting bad charts and just scalp/trade without sharing any ideas. It took a lot for me to post this chart today, but I will post my previous private charts in the related ideas section so you can see my previous thoughts. I only decided to post this chart after I felt more confident about myself. Right now Bitcoin has moved upwards after a massive dump, but there is significant volume traded at 8600+, which should be resistance and could lead to a bitcoin drop. However, as this is a bull market, there is a high chance for it to just keep on heading up and ignore everything. I have placed short orders from the current price to 8800 with the hope of Bitcoin being rejected. Thanks for viewing! Posting another bearish idea after repeated failures of bearish ideas seems like the wrong thing to do, but I decided to post my current thoughts, and I happened to think this was bearish. I was bullish at 7800 before the move upwards, so it's not like I have a permanent bear bias. I am actually very bullish on bitcoin in the long term, as you can see from my longer term ideas.
BITMEX:BTCUSD.PShort
by HD1184K
2
Bitcoin Volume Going Lower, Breakout Next?Bitcoin volume continues going lower and even though we have quite a few bear signals coming from the chart, BTCUSD is still consolidating sideways and trading safely above EMA10. This is our view of what can happen next with Bitcoin. The bears have tried to push Bitcoin's price down without any luck and even though Bitcoin seems exhausted, it has been holding pretty nice lately. There might be another failed attempt to break to the upside, so Bitcoin can retrace and try again. On a sudden retrace, there are multiple levels that offer Bitcoin support. First, we have $7770 on the lower time frames, followed by $7440. If the drop is strong, then we look for $6999 next, which is the low from the 17th May red candle. The lowest on a flash crash we would see is $6400 before we have to look for additional information. This is just one of the most bearish scenarios that don't seem very likely at this point. Most likely Bitcoin will retrace a little bit to try again and break the last high. If $8,400 - $8,500 can be broken with good strength and volume, then you can expect BTC to visit straight almost to $10k, around $9999... Where do you think Bitcoin is headed? Share your thoughts in the comments section below... Thanks a lot for reading. Namaste.
BITFINEX:BTCUSD
by AlanSantana
4