Get started

Bakkt

The New Bitcoin Trend?Although timing has been difficult, I remain bullish and expect momentum to build on this move. Rallies back above $9,000 will no longer attract selling interest and there is little in the way of near-term resistance. Looking for more opportunities to buy into dips. BTC will be sticky ahead of the key Bakkt Floor and ahead of a breach there are better expressions of further downside in this view. Support in the near-term into $7,600. On the technical side, we are right back to the bottom in the range, the same lows we have been eyeballing all year long. For those tracking since the infamous "Bakkt Floor": Nothing has changed with the lows still holding. Bulls are not giving up and it will start sending loud messages to those who do not see the change in trend coming. A breakout of the dashed trendline will give enough to expose the important $9,000 resistance followed by my main target at $11,635 with extensions towards all time highs for the lottery ticket. Tonight's Tokyo session is key, however I sense the BTC longs have been sufficiently cleansed that we can now begin to trade this with a reactive stance. A rise in risk will be accompanied by fresh BTC demand. Best of luck all those in BTC and other Cryptos.
BITMEX:BTCUSD.PLong
by ridethepig
2
Saying what we are all thinking......Well.....It's obvious at this point. Bakkt friend buys future shorts Whale friend dumps market Bakkt friend pays back whale friend Whale friend buys more BTC at lower price Whale is also Miner so whale shutoff miners to drop the hashrate slowing the supply during high demand before the halving. This is what's happening, if I'm wrong.....then.....based on the weekly chart we are below the 20 and are on our way to $6,000 If I'm right, then we're going to be back at $10,000 within 2 to 3 weeks
COINBASE:BTCUSDLong
by ILL_Midas
1
BTC Fill 8.8K Gap Before Piercing Through Downwards Channel @10KAmazing to see bitcoin go up 40%+ in less than 24 hours. With it not closing above 10K, it leave plenty of room under this newly found resistance. On a lower timeframe, we had a cup & handle that failed to break out. What is needed is to stay above the 200 day MA long enough until the 15 & 50 day MAs are above it, which is fine. I expect a possible cool off down to ~$8.8 range. Would love for us to go flat here and slowly drive through 10K and bounce off of that a few times.
COINBASE:BTCUSD
by fthree111
2
BTCUSD: 2D timeframe implies the weekly downtrend is not overThis is a follow-up idea to my weekly forecast. We're curently short with expectations of price bottoming near 6404 over time. The longer term chart signal is invalidated if prices break the 6400 support zone strongly, so once we do hit it, an immediate rebound would be good for bulls. Stop loss is 5269 for the long term long entry, once we cover shorts. If that stop is hit eventually, then Bitcoin is dead for sure... Bakkt volume is gradually starting to pick up, my guess is it will explode once we hit the bottom. This coupled with udpates from the Mt Gox situation and other events that might happen by the end of October make me think we will see a big move. I would like to see Bakkt volume surpass CME, for a clear indication of bulls outpacing bears (since CME is cash settled futures market, it favors short selling...in fact, the ex CTFC chair Giancarlo was quoted today, saying how the Trump administration weaponized the BTC futures market to kill the bubble back in 2017, which in fact is quite feasible). I like it when markets offer such a low risk entry, after an over extended decline, with sentiment eventually becoming one sided. Bulls seem confident in loss here, from what I gather, so sentiment confirms further downside. I'm short and hedged, looking to add to short on a small reaction, and ride it down towards the target on chart. Cheers, Ivan Labrie.
BITSTAMP:BTCUSDShort
by IvanLabrie
Long Story Short (Part 3)While I've analyzed ETH/USD I realized that we could be in a WXY sequence, but due to disproportionate measurements by fib I can understand we may be at SUPER CYCLE ABC correction. If we will take a closer look at RED 'C' wave, we will notice it is a structure of 5 sub count wave as it spouses to be: One closer look at the last 5th wave will unfold an extended 3rd wave in Yellow which his sub count in thin RED: By this analysis, we are getting closer to the period of time which the big Impuls will ignite a new bull's period.
by josque
Long Story Short (Part 2)Hello to all crypto enthusiast, we are standing in a very interesting time in the crypto sphere, I'll try to make this idea as simple as I can, even if you are not familiar. with Elliot wave theory, you can get here a nice amount of information about it. I will start with a disclaimer, It is important to me to clarify that my analysis are not a recommendation of any kind, this is only my idea and you should do your own research! Collecting data: Facts - 1) our WXYXZ correction structure is over, you can see my analysis about it at ' Long Story Sort ' part1 and in the video I made ' The Similarities ETH vs BTC '. 2) An impulse wave is following a correction structure, it starts at 17.12.2018 and ends in 01.07.2019 3) our last correction is in a flat correction wave count. Flat corrections - (regular, running, expanded) Flat correction is made of (3,3,5) counting, correction wave are noted as ABC, the first wave (A) is made of 3 smaller degree waves, the second wave (B) is made of 3 waves as well and the third wave (C) is made of 5 smaller degree waves, that's why the (3,3,5). Regular Flat Correction - when wave (B) doesn't cross up wave (A) top and wave (C) is equal in length to wave A, you can measure that with fib ext Running Flat Correction - wave (B) cross up wave (A) top by 1.238% fib ext and wave (C) just above the end of wave (A) Expanded Flat Correction - when wave (B) cross the starting point of wave (A) by 1.238-1.382 fib ext and wave (C) moving beyond the ending point of wave (A) by 1.618 and sometimes even to 2.618 of fib ext Analysis: I will divide my analysis into 2 frameworks, the first is the color of the rectangles and the second is the color of the wave lines. Lines explanation- Black line - showing us the whole move of wave 2, the intermediate degree ABC Red line - presenting the Minor degree, which follows the one smaller degree of the intermediate and reveals the structure of each intermediate (black) wave Blue line - under bracks the structure of the minor (Red) and reveals what it made of Rectangles explanation- Red - framing the first correction A Yellow - divides the B correction to two halves, the first is about the expanded flat correction Green - the second half of the B wave Black line - the wave line is presenting the big picture, In my analysis, I choose to present a situation which the big move will be a regular flat correction, this desition made because the rule in EWT that says that wave number 2 will retrace 61.8% out of the first wave and as we can see for now, the bulls fight to keep those price level. with all that been said, the prices still can go to 88.6% and the analysis will be still valid. So if we understand that wave (A Black) is the beginning point of a regular flat and we know that in regular flat the length of wave A,B and C is approximately equal, so by measuring wave (A black) we can get to 355$ at the top of wave (B black) which eventually will lead us to the last target of wave (C black) to the same price level at the bottom of our current correction. Red line, red rectangle - this is genesis, which leads me to the conclusion that we are in the middle of a bigger correction, as you can see, the red line in the red zone in for ABC, but if you will take a closer look at the structure it self (blue line) you will find the structure of it is (3,3,5) flat correction structure. At the beginning of zone yellow, you will notice an uprise move to 230$ and then a crash to 160$, if the crash wasn't crossing down the support line of the uprising move we could conclude it is an impulse wave. but it crossed it down, and so it lets us understand the correction has not been finished yet. Blue line, yellow zone - By EWT definition of expanded flat, we can understand we are looking at one in the border between the red and the yellow zone. Yellow line, green zone - the rest of the analysis from here is a bit hard to determine due to insufficient data, it is not a simple task to understand properly the structure of the chart when we have only the EWT guidelines, but still I drew them just to represent the sentiment it will may go. I really hope I made it not to complex to follow and to understand, after all, it is a bit complex subject to understand and a bit complex idea, but... If you have any question regarding this or any other idea of mine, you are more than welcome to hit me up in the comments and I'll do my best to answer when it is possible ;)
COINBASE:ETHUSD
by josque
Possible scenario - extended flat There is a possibility we are looking at extended flat correction creation, we have to remember that on our bigger picture we are still at the 4th wave, extended flat are common correction on the 4th wave. Also please notice the fib ext I’ve added, the one from the left is representing the whole move ABC, in extended flat correction wave B reaches to 1.38% from wave A. Wave B is subdivided to ABC as well, by EWT wave A is equal to the length of wave C, the middle fib ext is representing the equlicity of wave A with wave C which validates our previews move cause, both left and middle fib ext projects for the same price target. The right fib ext shows us the final destination of the wave which is also determined by 1.38 of the whole move. This is only a hypothesis, the move is incomplete so it’s bit hard to completely determine, we just have to wait and see... Best of luck to us all...
BITSTAMP:BTCUSD
by josque
2
BTC/USD outlook for the next week or soBTC has some potential good short opportunities in the small bounces that really nicely line up with fib retracements from last year (2018), before plummeting down to a much lower region in the next 2 weeks to a month which everyone should be expecting I believe that before EOY BTC could be back making its way towards yearly highs.. With bakkt having succesfully manipulated the price down of BTC (WHICH I SAID IN MY LAST OUTLOOK many days before the bakkt launch). they could sell towards EOY or even early-mid next year. I believe that bakkt know that they have not drove down price anywhere near potential buying targets and long opportunities for themselves when they will be buying BTC as such high volumes, the evidence of this is that we have not seen any green candles on the daily or even any strong buying power in short time period since bakkt and imo price will be driven down till at least the 6,000-6,500 region minumum... Now is a good time to buy bitcoin, just wait a bit more for price to drop, on the other side if we do see ANYYYY strong buying power it could mean that bakkt traders have fufilled their targets so that is when we need to rethink our strategies, but also confirmed buying power instead of manipulation.. Let's not get caught out boys and girls!! Good luck everyone!
COINBASE:BTCUSD
by Thep1pc4tch3r
4
Bitcoin - Bakkt FLOPS & Hash Rate Crash - Part 4Bitcoin Breaks Down After weeks of indecision and what appeared to be a strong argument for $10K $BTC, bear pressure finally broke through the lines and took Bitcoin down hard. The carnage on the charts wasn’t limited to $BTC, however, as all the majors ($ETH, $XRP, $EOS, $XLM) took hits in the double-digits. The surprising and impossible to predict turn of events led to the crypto market looking more like a smoldering crater than an asset class with a bright future. Currently, $BTC is trading hands a shade over $8.1k while a select few majors, like $XRP and $ETH, appear poised to recover some of their losses. Bitcoin shed nearly $2,000 in value before the market had time to blink, leading market observers to seek answers.A flash crash of this magnitude hasn’t been seen in months. Given the relative stability of crypto’s leading digital asset across recent weeks, suspecting the involvement of concomitant factors is certainly warranted. While this week’s losses appear insufferable, they’re only the third-worst of the year. What we’re implying here is that on two other occasions in 2019, Bitcoin has taken a massive beating and recovered. Let’s take a look at what contributed to the market wreck this week. Bakkt FLOPS "Buy the Rumor, Sell the Fact!" There are a million ways to spin the Bakkt debut, but here is the reality. Bakkt flopped. Perhaps belly-flopped is more accurate here. What was a hotly anticipated date – Bakkt’s physically settled BTC futures debut – turned into a dud. It was kind of like finally lighting your favorite firework, watching the flame move down the fuse with indescribable excitement, then feeling speechless disappointment when the firework fails to go off. In its first 24-hours, Bakkt settled a mere 78 BTC futures which, ironically, settled October 2019 futures at below $10K. The immediate market takeaway from the hollow debut wasn’t too difficult to guess – big financial institutions aren’t all that interest in BTC. Or are they? We’re more inclined to think that the situation is a more simple than it seems. Institutions who are ready in the here and now to buy BTC can already do so using OTC exchanges. At this early stage in the crypto game, an institution willing to buy now is already adventurous and probably doesn’t need the Bakkt onramp. We’re not saying Bakkt is pointless, though. What the flop debut reveals is that even though mainstream institutions aren’t breaking down Bakkt’s door yet, they might do so down the line when BTC adoption and consciousness finds real legs. As a piece of infrastructure, Bakkt is incredibly important for crypto. The only thing is, it might be slightly ahead of its time. BTC Hash Rate Crash This is a quickly developing story that is still sans deep details, but here’s what we know! On September 23, the Bitcoin network hash rate plummeted 40% in what was one of the largest intraday hash rate drops in network history. The reasons behind the strange crash are still shrouded in mystery. A high hash rate means miner competition to validate blocks is healthy, which in turn makes the network more competitive and, thus, secure. An increasing hash rate is viewed as bullish, while the opposite is viewed as, well, bearish. Some have speculated that the hash rate crash was caused by a firmware upgrade to account for the network’s incoming difficulty increase. Jeff Brandt, a user posting to CoinTelegraph’s comments section, described his view of the situation: “The explanation is simple. The next diff increase in 2 days will push previous gen S9’s (roughly 50% of the network) below profitability. Last week an unrestricted firmware for S9’s was posted and every large farm operator is working at a feverish pace to get approximately 3 million machines updated. The new firmware has optimizations that squeeze the very last bit of efficiency out of the S9 lowering the watts/thash-sec from 96W to ~80W. Some machines can perform with no degradation to speed, while older machines must drop performance by ~30% to achieve the same results.” The Takeaway Three significant factors colluded to cloud the cryptocurrency market with a gloomy outlook. VanEck SolidX’s ETF withdrawal, a sudden hash rate crash, and Bakkt’s weak debut happened in nearly perfect unison, giving a sideways BTC the motives needed to break down. At this point, we’re watching and waiting for the carnage to slow. Technical analysis Another possibility is that we witnessed the conclusion of wave C in an ABCDE sequence. Meaning that 2 other ABC's will follow (and frustrate a lot of people) I wouldn't be surprised to see this happening in a falling wedge or something similar. Well keep you updated as this timely issue evolves. We go together Together we are stronger Share and like I am not Bearish long term. I am a Bull of Bulls. Thanks God bless you! =============================================================================== Twitter > twitter.com Telegram > t.me =============================================================================== CAUTION! DISCLAIMER Trading is risky. 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. But I pressed on, learned a lot about technical analysis and here we are. I have experience in trading stocks, options, and commodities . So you can assume that I know how to deal with risks. =============================================================================== $BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO #altcoins #bitcointrading @btc ===============================================================================
BITMEX:XBTLong
by ferGOD
8
One Lone Bull Amongst Millions of BearsWe have Broken and Closed below the 200 DMA. We had a confirmation Daily Candle close of indecision that failed to even reach the 200 DMA for a retest. Dominance is on it's way down after finding rejection at the bottom of a channel it rode for quite some time. The Weekly has only just tapped the 100 WMA but has long lost its 20 WMA and 21 WEMA. Bakkt has came in to smash the price down for better entries just like the CMEs. I know, I know... There is Every Reason In The World to be Bearish. BUT... I really like Harmonics. (Insert the cookie monster "I don't Know" meme) Sometimes with TA I feel like an old reporter, before all the major networks were biased and journalism become just a laughable taking point amongst our future selves. I report what I see. Does this make me a Bull? Does this make me a Bear? Does it mean I must be right? Does it mean I must be wrong? Honestly, does any of that really matter? Price will do whatever price will do and we will be there every step of the way, watching and learning and trying to build a future. Enough with the absolute nothingness and lets gets started, shall we? First, The Bullish Gartley - The Bullish Gartley is an advanced ABCD Pattern in the Harmonics Family. This is a 5-Point Reversal Pattern. These patterns are unique in which they carry with them some specific rules in which reversals or pivots can take place. The XA of a Gartley should be an impulse leg. A fairly straight forward move in price to either the upside or downside. The B point needs to reach at least a 618 of XA but cannot touch the 786 The C needs to be at least a 618 but must close below a 786 of AB Finally the D should be a 127 X of AB and as an added bonus, a 786 confluence of XA Ok, we did not get the confluence of XA Now the Targets for a Bullish Gartley are the 382 and the 618 of AD TP1, depending on timing could have confluence with an AC non-valid trend and even more insane would be the intersection from a support wick trend using our B as the anchor 2. TP2 at the 618 Would be confluence with the ATH-LL 50 Line. Ok, ok. Now for the Cypher... Much like the Gartley, the Cypher is a 5-Point Reversal Pattern also an advanced ABCD and in the Harmonics family. A Cypher differs in a lot of ways, especially the way it's calculated and the fibs that are used to achieve the correct results. The XA should again be an impulsive move up or down. I admit that this move down is not as sharp and smooth as I would like but I'll deal with the minor retrace. The B needs to be at least a 382 and must close below the 618 of XA The C needs to be at least a 127 X of XA but it must close below a 1414 X - I know, this closes at 1417... - While this does diminish some quality to the pattern we do allow for some cushion in both directions. The D Point should be the 786 of XC That's weird... The 786 D Point is ALSO the 50 Line from the ATH-LL Fib. hmmm Targets on the Bearish Cypher should be the 382 and the 618 of CD See some similarities don't you? Again, timing would be everything with something like this. The 382 with confluence from that same trend as the Gartley at the 618 with confluence from the ATH-LL 382. Ok, let's piece it all back together again... And there you have it...My Friday Night in a nutshell. Yeah, real party animal these days... So yes, thee is every reason in the world to be bearish but these are also very easy to manage. Entry at the D, SL under X for the Gartley and above X for the Cypher. Strike rates on these are fantastic so long as they truly are a correct pattern that follow the rules. The closer you follow, the better quality the pattern and the more likely to see TP1 and TP2. These can target all the way up to a 1618 X, which is what the Gartley did that was formed using the 2018 Low... Anyway, up or down, win or lose, profit or loss, I hope somebody learned something.
Long
by ChingasX
3
bitcoin in my opinion !OK so everything has floored, rsi, stoc, but NVT is toucning the trend line. IMO, if i was a betting man i think october 4th to 7th could see some moves, how ever!! if the NVT goes below the RED trend line its not good! REMEBER FOLKS, big massive btc moves come when the NVT goes green at the bottom, have a look people need to realise futures have a big say in price, the rise to 20k came off cme news that they where setting up a futures BTC platform. it tanked the day they started. bitcoin needs mass adoption and a use case more than anything. bakkt is just another futures platform, nothing more nothing less, bitcoin settled or not CME will still settle in cash. any-hooooooo just my opnion folks. pretty rough few weeks ahead but everything char wise looks like over sold. 8k bottom? i actually think under 8k POMP is saying live on tv that #bitcoin can not be manipulated .... WHAT AN ABSOLUTE KNOBHEAD THE EVIDENCE IS THERE TO SEE!!! AVOID BTC MAXI'S
BITSTAMP:BTCUSDLong
by MoggsUk
if we are ging off CME gaps, there are two unfilledlong if you are a true believer that cme fututes gaps need filling, if we are going off CME gaps, there are two unfilled if its true that bitcoin needs to fill gaps , which so far is true regardless of bitcoin maximalists refusing to say futures has a big say in Bitcoin price, Pomp, Vays will never even consider it!! Pomp uses people pension funds respect to vays though, he lays his cards out and will back it up anyway, these need filling if its now a rule ( unwrittan of course)
CME:BTC1!Long
by MoggsUk
2
NVT hovering on trendNVT is hovering on the trend line, idealy most bull runs have started when it hits the red dotted line. BUT like ive said many times, now that futures are a big part of BITCOIN its impossible for any ... ANY one to do a TA. IF TA works then IMO we need to bounce off that re dotted line, untill then it could be a slow decline if we also break below that long black trend line then BTC is in a bit of trouble and alts will follow just my opinion of course. bull case, money men still know that bitcoin can make them millions in a year, theres no reason why they cant drag it down then moon it again on a long to near or above ATH, but that could be a while,
COINBASE:BTCUSDShort
by MoggsUk