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BTC - key levels holding! Today we saw the symmetrical triangle break to the downside, with BTC finding a daily bottom of $9,536 and closing at the EMA 100 right around $9,700. Today’s price action came with relatively low volume, with bearish volume decreasing for the 3rd week in a row. Sure, BTC may breakdown here and fall down to its next major support level of $8,500, however, I think it is entirely too early to confirm that. In my mind, a daily candle close below the 100 period MA or a breakdown of the $9,536 support level is needed to consider this possibility. Key reasons for position - Daily close on the EMA 100 - $9,536 continuing to be a very strong support (look at the larger time frames) - decreasing bearish volume If we see a daily close below the EMA 100 this analysis becomes invalid.
COINBASE:BTCUSDLong
by mdcieri37
2
Uptrend or Downtrend - Has the Trend Reversed (BTC 30 MIN VIEW)IS IT A LONG-TERM UPTREND OR DOWNTREND - HAS THE TREND REVERSED The Bitcoin USD 2017 Long-Term Downtrend/Trend-Line is, 'The Only downward Moving Long-term Trend-Line Possible'... Downtrend Channels lead to Stronger more Dominant Long-term Trend-Lines that are more Condensed and Downtrend Channels are caused by Condensing and Consolidating Liquidity... BTC USD Probability Trend-Lines (Bitcoin USD 2019 Trend-Line Probability Map) Bitcoin 365 Day Net-worth Forecast $68,110.119 Based on Condensed July Long-term Trend-Line Forecast Start Date of Condensed July Long-term Trend-Line between July 7th and July 14th BITCOIN (BTCUSD 1 HOUR VIEW) Bitcoin USD 2017 Long-Term Downtrend Trend-Line (Was The Only Long-term Trend-Line Possible) Downtrend Channels lead to Stronger more Dominant Long-term Trend-Lines that are more Condensed and Downtrend Channels are caused by Condensing and Consolidating Liquidity... (In Previous Posts where I said Log-term Down-trend, I should have said, Dominant or Strong Down-trend Channel or a Wide Gap or Tight Gap Reduction Zone) Uptrend or Downtrend - Has the Trend Reversed (BTC 30 MIN VIEW) Uptrend or Downtrend - Has the Trend Reversed (BTC 1 HOUR VIEW) I hope you like my Contributions... Sincerely Bryan Christopher Amos ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BITTREX:BTCUSD
by BAmos63
BTC USD Trend-Line & Reduction Zone Map (BTCUSD 1 HOUR)BTC USD Probability Trend-Lines (Bitcoin USD 2019 Trend-Line Probability Map) Bitcoin 365 Day Net-worth Forecast $68,110.119 Based on Condensed July Long-term Trend-Line Forecast Start Date of Condensed July Long-term Trend-Line between July 7th and July 14th BITCOIN (BTCUSD 1 HOUR VIEW) Bitcoin USD 2017 Long-Term Downtrend Trend-Line (Was The Only Long-term Trend-Line Possible) Downtrend Channels lead to Stronger more Dominant Long-term Trend-Lines that are more Condensed and Downtrend Channels are caused by Condensing and Consolidating Liquidity... (In Previous Posts where I said Log-term Down-trend, I should have said, Dominant or Strong Down-trend Channel or a Wide Gap or Tight Gap Reduction Zone) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ I hope you like my contributions....
BITTREX:BTCUSD
by BAmos63
Bitcoin BTCUSD Still LONG 20.6.2019Hello to all watching my charts. Today also like yesterday nothing news in that chart. Still Long. Dont be bothered by advisers which maybe cry: "Short, Short"... I have added my short timechannel with 1/2 half of timeframe and its eays to check that in that timeframe the Long is coming Stronger and stronger. We will see the next days whether the pair brake out above my blue line channel, but so or so we look at a long situation - And if you want to support my work and my charts, please like them... Good trades Renkotrade
BITSTAMP:BTCUSDLong
by Renkotrade
The Week Ahead: BitcoinScenario A: The move lower looks more favourable at this level as the market is between 0.382 and 0.618 retracement levels for a while now. The price action is confirmed by breaking the Parabolic and the HMA crossover to the downside. Should the market break the 0.618 level, we could see Bitcoin go to 3578 and potentially 3472. Scenario B: Price rejects 0.618 and breaks through the 0.382 trading back to the 4000 level. This analysis is for informational purposes only and is not a recommendation, buy/sell signal, or advice in any format.
COINBASE:BTCUSDEducation
by AlphaexCapital
POWERLEDGER Breakout Scenario : Upto 200% profits for mid term.*Breakout scenario. **Bullish engulfing candle stick if close like it is now. ***50EMA showing a good bullish signal and 89EMA seems on the way too. ****A good volume development is shown on daily frame. ******RSI bullish sign. Short to Mid term accumulation opportunity : Entry Zone : 1900 - 2400 Distribution Targets Target 1 : 2833 sats Target 2 : 3434 sats Target 3 : 3919 sats Target 4 : 4404 sats Target 5 : 5095 sats Target 6 : 5974 sats Stop Loss : 1610 sats Profits expected in this trade might keep traders upto 30-45 days to reach all the targets stated above. Targets 1 and 2 expected to be achieved in upto 15-21 days. Good Luck. Legal disclaimer: Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA. You can give us your feed backs and suggestions on our effort in addition to this your questions here in trading view or in our telegram channel by the same name togetherweaccumulate.
Long
by cryptotalk_et
$BTC - #Bitcoin-Daily-Update #6 (extensive)- Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update What happened in the last 48h? After taking a couple of days off, it seemed to be exactly the wring time to do so. Our Stop Loss at 3400 got hit and we went straight for the dive towards 3200$. The guys in our private group, knew what to do and longed with a high leverage the 3250 to 3200 range. Literally caught the whole nice pump that we had right after re-testing 3200$. Apart from that the price got rejected at our previously mentioned support and resistance line at 3550. We are seeing now again the nice predictive Friday-Night-Dumps, followed by the low liquidity weekend. Since we have almost none volume, yet still having a slightly decreasing price and the only volume that we see is rather from pumping 50$ and dropping 50$ again. What I see is a really big indecision in the marked. A lot of dojis, a lack of volume and a really choppy pattern on the charts. Let's find out what happened behind the scenes and what we can expect pretty soon. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3820 3950 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -1.70%, but gained 3.80% MarketCap? Total MarektCap is 108 Billion - lost 13 - Of wich BTC is 59 Billion - lost 4 - With a Dominance of 54.7% - Today's dump seems to have downed more alt coins than just Bitcoin, Alts are bleeding. - Volatility? The 30d avg Volatility is 5.6% - +0.07 - Shorts/Longs? Shorts - 42.7k (SUPER-danger-zone) Longs - 27.9k (solid) - S +7 / L +1.0 - Funding? The last 3 funding rates added -> -0.45% - -0.40 -> gained insanely a lot - Momentum? The TJ-Momentum is still red but very low. As soon as we see it green, it will be a rising momentum and it will be a bullish sign for Bitcoin. Volume? We are STILL waiting for a big volume breakout, which would be above the orange average line. We had two nice dumping days with high volume which sky rocketed the shorts but the price didn't drop much comparably. We WILL see a big volume breakout very very soon. This will either bring us to 4.4k or to the 3k -2.9k range. TJ-MF/StochRSI levels? TJ-MoneyFlow -We are still below the 0 line. Yet the money Flow is heading down. This is again not favouring the direction that we are going towards right now. Once more shoring us a divergence. StochRSI (got a cross-down and a red cross) K(blue) - 69.5 D(orange) - 70 Divergences? Right now I am not seeing any divergences apart from the volume and Money Flow not supporting the trend. This is showing me that we are loosing steem off the downtrend, at least for now. Yet, this supports a possible uptrend. Market Structure? Right now I am seeing a very clear bullish falling wedge over the course of the last two weeks. We went from a steep weekly falling wedge into a pretty normal and decent falling wedge that we are in right now. The volume to it also plays out so it actually bullish, yet the patter itself is something what I do not like that much yet, which leaves us with the very las bullish hope of a monthly falling wedge towards the end of the year, keeping the support yet, taking the 4.4k wicks as our reference points for the resistance. Overall? We are definitely in a bear market and definitely have to fight the very strong bearish sentiment in the market. Moreover, we see a lot of dumps and breaking horizontal supports and a negative momentum, this is incentivising a lot of people to open leveraged short positions and endanger their capital with bad risk management and poor trade plans. This is the reason why we are seeing the shorts being at their all time high, which should be normal in a bear market. Calling for a short squeeze is actually dangerous and most of the people do not have anything behind it saying. They hope, but do not understand it. Let us understand it, what is happening right now. We have seen basically a 50% correction within the last month. This has a momentum to it and keeps pushing the price downwards, a lot of people are shorting and actually starting to short at this range. Why? because they did not have a plan and are coming into trades that are supposedly going with a certain trend. Completely leaving out the factor that every trend HAS ALWAYS a correction to it, it has a relief to it, especially when it is over-heated. This was the reason why I cashed out 50% of my btc holdings at 18k. When you learn how to read a momentum of a trend and see certain indications of a near trend reversal, there is almost nothing than a good trade set up is left for you to make the $$$. What I am seeing right now is certainly a stage in the middle of it. You can compare it to the BTC price going to 14k dumping to 10k and then continuing to 20k. This is exactly the set-up that I am seeing right now. We HAVE a very strong downtrend but are almost over-due for a retracement and a correction of this trend. The comparable 14k is our 3.2k to 2.9k range. Here is what I am seeing. A third test of the downtrend support of the falling wedge with a possible wick to the 3.2 - 2.9k range. Should we bounce there and achieve a close above 3434$ we will most certainly see the bounce and relief that we are talking about for weeks now. This will be a 50% bounce of the lowest price, w which should lead us to the target of either 4.4k or 4.6k. Since we have been rejected already at 4.4k, this would be very bearish and we would continue our journey back to yearly lows. A close above 4.6k would then let us to re-evaluate the situation and look for how strong the momentum actually is. Nevertheless, we have the opportunity to not hold the mentioned 3.2k - 2.9k range and dump almost straight through to 1.8k THIS YEAR. What do we want? We want a close above 3434$ for being bullish. We also want a dip down to 3.2k and below to fill up some nice long orders. We want to stay with our daily closes inside of the falling wedge. Position? Honestly, I would suggest simply setting up longs From 3250 to 2900 and let them fill up. Anyone who has really big guts and is feeling the short, stagger shorts to the resistance and short towards 3.2k, if 3.2k holds, reverse it, if it doesn't, see to reverse it at 3055. I myself am doing exactly that right now, since I believe that the test of the support will happen and we might have a small dip below, nevertheless, I am taking more than 50% out at 3.205 and reversing at 3.125. Let me know in the comments and leave a like if you like the infos and want to see it daily. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
5
BTC POTENTIAL FALLING WEDGE PLAYOUTBTC is currently showing a falling wedge pattern which is textbook bullish. Could potentially see a play back up to upper resistance levels shown on chart in the next few days. The following are some bullish points: - Pattern is a falling wedge - Stoch RSI is heavily oversold and beginning to trail upwards - RSI is still within wedge pattern and trailing sideways - FIB retracement is at the perfect 0.382 region for a nice rebound upwards ***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***
Long
by cryptonekoz
Trig +135% profitsTriggers is one of the coins that didn't showed a good pattern reverse since the falling market behaviour in early May. The project is one of the most gossiped one in its early stages but didn't showed the expected outcome. But this doesn't seem it will continue falling. Instead it got a good opportunity of gain as it is said in charts the more it goes dip the more it have an opportunity to go up. It showed a major volume spike in the binance trading platform. For short term traders its already late but for those who can hold the coin for some time this is a very good opportunity of accumulating since we have seen an engulfing bullish candle stick and if the candle stick can close above the falling wedge triangle on the 1D chart it will be a confirmation for a development of 5 waves elliotts wave pattern. Accumulation Zone : 350 sats - 450 sats Distribution Zones : Target 1 : 643 sats Target 2 : 915 sats Target 3 : 1135 sats Target 4 : 1354 sats Target 5 : 1667 sats Stop Loss : 200 sats Good Luck. Legal disclaimer: Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
TLong
by cryptotalk_et
3
BTC MID TERM BEARISH PENNANT SCENARIOThis is the bearish mid term scenario for BTC. On the mid BTC -0.35% could see lows of 6100 with minor wicks down to 6050. Critical supports of 6100 and 5800 still stand. Note: Note: My long term bearish scenario is still in play. - Pattern shows what looks to bearish pennant almost at completion. - RSI showing rising wedge (bearish pattern) Expect fall out of rising wedge to coincide with falling out of bear pennant. - Critical supports still stand at 6100 and 5800s - Local support of 6400 is now local resistance and based on how the daily closes we can anticipate if structure still stands. - EMA acting as additional resistance. - MACD histogram is shortening showing weakness in bullish momentum - Volume is dropping which shows upcoming price action to occur out of the pennant. ***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***
BITFINEX:BTCUSDShort
by cryptonekoz
1
BTC - DOES DIRECTION MATTER?Hey Everyone, I often look at the charts and they show pathways and sometimes more than 1... And right now that is the same in my life. I sit here and I am writing my 4th book, which has deeply personal sections in it, and wondering what direction to go, not just on the BTC chart, but in life in general. It's like you get to a cross-roads where you thought everything was planned out and all of a sudden you are not sure which road to take, both destinations are probably just as scenic, and filled with just as many ups and downs... then you realise... Trading is the same, you can sit here and wonder about direction or which way BTC is moving, or you can just make a trade and use the appropriate protection. Sure it's a good idea to know which direction BTC is travelling... but there is no guarantees... right? Sometimes even the best and most experienced traders get it wrong... (not that I have here yet) But I am sure you will all let me know when I do... And why are we trying to decide which way everything will move and plan out years into the future, why can we not just sit back and watch it unfold... one moment at a time, and live in that moment, breath and just be. Again this is the same in trading, no one here knows 100% if we are headed back to 20K by Christmas, or if tomorrow all the money gets pulled out and we crash, something like February 6th this year... What I am saying is take it ONE STEP AT A TIME... and become a surfer, and trade the waves. You can make money in a bear or bull market, and it's where you learn the most about trading... and yourself! Believe me trading will teach you many things... patience, when to keep your temper, and how to control that rush of adrenaline! And heart break when you lose a trade, or set your stop loss too high... But it's only money right? But money controls many things, where we live, what we are able to do, and sometimes if we don't have much money, whether we can eat or have clean clothes. And that is why there is so much emotion in trading, because it's attached to a dream or a goal, or just purely surviving! I have talked to many of you and for each and every person this is different. Work on 3% per day compounded and see where that gets you... 3 months, 6 months, 12 months from now. Or as long as you can if this is what you live off. THE TECHNICAL STUFF There are 2 clear directions on the chart right now. I believe we are in a 5 wave impulse - in the 3rd subwave of the 1st primary. If this is the case the 3rd subwave should hit around or just under $7,400 and then retrace as low as $6464 (it is possible to turn on a higher Fibonacci line) This is worst case scenario for this pattern. Then I see the 5th wave headed to the $7,700s. If this is an ABC pattern we will break $6464 and keep heading lower. I will update daily, and if you are a surfer, this will make the direction of the waves easier to know from day to day which way we are headed... just like life... when there is no clear direction... take it ONE STEP AT A TIME... So make sure you like the post to get updates! REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3
BITFINEX:BTCUSD
by LisaNEdwards
59