Bitcoin-usd
Bitcoin - Short Term Structure & EWBitcoin has just broken down from the rising wedge . On this chart we have potential Elliot Wave count - likely an expanded flat correction - ideal buy zone would be around 3962 - 4050 (retest of W4 / major Fibonacci extensions and zone of interest according to volume profile). Wave behaviour can be predicted by applying the Fib tool on the latest swing low and high - golden extensions: 1.618, 2.618, 2.618 are potential resistance zones and usually are good for shorting or longing. Failure to hold 4K level will likely result in 3560 - 3750 retest or another total breakdown.
BTC - Simple AnalysisWe're expecting some seriously low times for COINBASE:BTCUSD as huge selloffs are still happening throughout the community.
Seeing above average selloffs on various exchanges, and large transfers between wallets across the blockchain have spiked speculation, but the truth is still unknown. You will read about it in the news, and the public eye from those who are buying back in. When those have finished their selloff and cashed out, it will open up the ledger for more potential investors, with large amount of room to wiggle for the markets.. Ride those trends.
Over and out.
For the HODLersBitcoin seems to have taken a bit of a hit. I still think it's overpriced (you know what's my take on BTC) and next level to watch carefully could be around 3400$.
Anyway it's fun to see how if you bought Bitcoins last year around this time during the Thanksgiving hype where almost everyone in every family was talking about BTC and was investing something, and hold the investmenttill now, he/she is actually losing money!
So much for the HODL "strategy"
***As usual, not a trading advice of any sort. Merely my idea for informaional and educational purposes only***
$ETH #Ethereum - Quick TA - Day Trader ExplainsHello Lads and Ladies,
Let's get a quick TA down on Ethereum.
We can see here very well that Ethereum is quite weak and has been very weak in the latest drops, even made an unexpected low of $115.
Right now, likewise to the Bitcoin TA, we are basically in a bear flag or even a falling wedge and it is not looking bullish.
We can see that we have a strong support at 120$ but breaking it significantly, is really making me unsure of bounce here.
The broken support simply needs a close below it and its dropping again.
So, technically we have once again the situation.
4h
Bearish market structure -> short
Broken support -> short
Weak $ETH in a lot of trouble lately -> short
Momentum indecisive but nowhere near a long yet. -> short
StochRSI is above middle, very thin apart and in short mode, little drop and it opens up again. -> short
OVERALL -> SHORT
SL?
Close above orange line. -> Invalidation then.
TP?
Basically every 5$, if you want to be sure, make it every 3$.
Some hopium?
Expecting a big big bounce for Ethereum. It might be at the tip of the MS at 106$ I rather plan 100$ for the bounce.
Also have an order at 90$ for my long term Bitmex hold blockfolio.. would be juicy.
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Monero 1W - bottom in start of wave 5Several trendlines, pitchfork and 88.2% fib level come together at this low around 62 just above june 2017 top.
Is XMR at the bottom and will we see the start of a wave 5 now?
RE ; BITCOIN (BTC / XBT ) NEXT MOVE FOR TRADERS AND INVESTORS Evening All
>Above you can see I have drawn in past support levels in white faint white lines, which ofcourse becomes current resistance..
>Below you can see the faint pink lines which are showing you the current support levels
>We can see that almost always the Stoch RSI will almost always return back on top when bottomed out as above , the question is now when shall we long or should we short, I am personally waiting for the Stoch RSI to Cross bullish and then enter my long to an expected move to 6800(next resistance level), it has not crossed yet which could indicate a continued bearish momentum towards 4951...(which i also have longs laddered) thus what ever happens first i will not miss the move , im not going to short this as my bias is slightly more bullish but not against it yet as RSI has not show bullish momentum as of yet, if so short with a SL and good entry maybe 6600
>If those support/resist levels break you can see what price isexpected next by looking at next nearest support/resist line ...
I hope this has been as insightful for you as it has been for me
king regards
YS
Has THE road to HELL Started or BULLS ARE still IN THE HOUSE ? Important levels are marked in blue horizontal lines
we are so tight ranged right now , bulls are holding the 6050-6200 area strongly and BEARS are holding the 6500-6800 area strongly , volume is getting thin and thin which is not a good sign though , we will have a volume spike within few the days and move can be either side
1. A daily close above the 21ema (orange line) near 6380 will be a good signal for the bulls but that doesn't means bull run will start
2. a daily close above the 6800 level is what really gonna show the conviction from the bulls and that would be a great signal to buy
3. we are just a bit above 6200 support right now ,, we are are creating a series of lower highs in a small triangle (yellow) ,, so yes if the 6200 breaks now , we have to assume that all the conviction from the bulls have been faded away
3. a break below 6050 level if going to fade away all the bullish cases for me
RIGHT NOW we are at a LEVEL where we cant be too much bearish or bullish because the major levels have not been broken yet
" Bulls make money, bears make money, pigs get slaughtered. "
US GOVERMENT BONDS (US10Y) Reached Top (Crash Incoming)You can expect at least a 10% drop for the US10Y in the coming weeks and months, but most likely stronger.
The bearish divergence is very strong and it is showing up on both the MACD and RSI. The decent has already started.
Looks like the entire conventional market is about to have a massive crash. Time to move to crypto.
Thanks a lot for reading.
Namaste.
Evaluating bitcoin usd Hi there here we are evaluating BTC/USD for the first time We feel bitcoin will go down to 6450.00.
apan’s Financial Services Agency (FSA) confirmed that it is investigating the security practices at Zaif exchange. The agency has already begun examining the user protection systems installed in Tech Bureau offices.
FSA had served two consecutive warnings to the company – in March and June – to improve their business operations. The agency had also reached out to other cryptocurrency exchanges with the same advisory, reportedly in the wake of Coincheck’s 509-million-dollar-hack that took place in January.
Due to this hack we feel this is something that will make bitcoin keep dropping.
Please comment below!! if you have anymore ideas
DGB/BTC Digibyte possible breakout..Digibyte possible breakout is happening, 50MA is looking towards target 1 400 Sats and will push towards that area, second target is 440 Sats. MACD has crossed and is signalling buying power and Digibyte moves in a different way towards the rest of the market, many runs that Digibyte have had have been where the market is either falling or sideways movement.
BTC Existing Trend Possible Outcomes So I think we will see a retrace to the 20 and 50 MA or the 31% fibonacci retracement which support is the strongest even though these 3 levels are very close to each other around the 6560-6630 levels. From there we will go back up to test this resistant point again at 6730. If we have a convincing breakout from there which I am fairly confident that we will, we will then test the 61-62% fibonacci retracement level around the 6900 levels. If we see enough volume pile up at the 6730-6750 levels again whenever we are testing it again then this is a good sign we could breakout from this level and test the 62% retracement. If we enough volume at the 6900 levels(62% retracement from previous rally) then this is also a good sign we could test the falling wedge upper trendline. From there we are most likely to fall back down and test the 62% level as a support. If that holds and we go back up we will probably break that falling wedge upper trend line which is a humongous bullish signal if done in a convincing manner. From there we will test the 200 MA and probably get rejected if volume is not out of this world. From there we will then test the upper trend line again as resistance turned into support.
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Please like, follow, and comment with your idea below!
Thanks,
Chris