Bitcoin hanging on thread now Bitcoin is hanging on it slast & final major support. Will update you the next levels if it break down only after it breaks
Bitcoinfutures
Bitcoin to languish in a small range until breakoutWe may buy bitcoin for 13000 Target. Check our Levels that we intend to buy
Crypto Market Meltdown ScenarioBitcoin holds the key to crypto markets. Check the Key Trendline which holds the Key to "Complete Meltdown" vs beginning of a Rally to 13000 and 17000
Bitcoin Update: Down, Down, Down; We F'n Nailed It! What's Next?Don't Miss Our Next Huge Winner...
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Members,
Good afternoon!
In our previous update we told our subscribers that Bitcoin | BTC/USDT was overbought and seriously overdue for a big pullback.
We were 100% correct on our call to sideline our money to fiat/USDT.
...and if you followed our timely advice, then you had an opportunity to buy cheap Bitcoin or super cheap Altcoins today.
We personally added some BCN, ADA, QTUM, BCC and EOS on Binance Exchange near today's lows.
It is our expectation that Bitcoin will continue its bounce off today's lows to about $8,800-9,000 and this is where we plan to take our Altcoin profits.
Thereafter, we anticipate that Bitcoin will drop with force to the $7,900-8,000 range.
Charts speak louder than words, so please check out our BTC/USDT chart below to see the probably course for Bitcoin:
(*Click the chart above to make it bigger)
Also, if you were wondering why do we trade Altcoins rather than Bitcoin? The answer is simple.
Altcoins are more volatile and provide a larger profit margin than Bitcoin.
Remember - the overall direction of Bitcoin and other cryptocurrencies are extremely hard to predict, therefore we like to offer our subscribers both Bullish and Bearish perspectives.
With regard to that, we highly recommend that you use Stop-loss Orders to protect gains, as well as limit possible losses, when trading these highly volatile digital assets.
BTC - Possible Rebound levels? Quick Update.!Welcome everyone, hope you all are doing well.
Let's see a quick update on BTC.
BTC might fall down soon if 9.2k level doesn't hold, it's a good possibility. It would be good if this levels hold up because it BTC falls then altcoins will take a good hit and might need closing out on some positions.
Possible rebound levels can be 9k and 8.8k.
*MACD is showing Bearish Divergence.
*ADX is showing Bearish momentum.
Trade with care.
P.S: This is not an investment advice, and i am just learning. This is for educational purpose only. Invest you capital at your own risk.
Those who wish to achieve greatness,
never seek for permissions.
They follow what their heart says,
and do what their mind states!
Good luck trading.!
Peace.
Bitcoin weekly: April BTC futures last tradePrice
On April 17 BTC pushed off the 8000.0 resistance and started growing. Since Tuesday whole week went under the bullish pattern, breaking 8300.0 and 8500.0 resistance levels, which now considered as support. On Saturday BTCUSD tested 9000.0 resistance level, which now coincides with the 100-days EMA, but did not manage to break it and rolled back to the 8800.0 level. For now, the weekly pattern of the price looks bullish and ready to test 9000.0 resistance one more time.
Forecast
Due to the closing of CME Bitcoin Futures on 27 April (settlement date will be on 2 May) BTCUSD can experience increased volatility and unpredictable price hikes. Possible the occurrence of false dives and pumps above important levels. Boundaries for the upcoming week are 8500.0 - 9500.0.
Past week events
16 April - Blockbid Exchange (Beta Testing) Listing. Blockbid Exchange has announced that beta testing will officially launch on the 16th of April 2018. Bitcoin (BTC) will be listed in phase 1 of beta. There will be free trading during Blockbid’s beta: no deposit fees, withdrawal fees, trading fees or transaction fees.
17 April - Tax day in the USA. Many analysts attributed the recent drop in bitcoin price to the approach of US Tax Day. Till this day all cryptocurrency businesses had to turn their tax liabilities from crypto-currency into dollars. Also, a lot of analysts predicted growth for the BTC prices afterward.
Upcoming week events
27 April - CME Bitcoin Futures April 2018 last trade. There have been some vague concerns that because bitcoin futures are settled in cash, it might be possible for investors to push around the futures contracts at the close simply by aggressively buying and selling. Jan 17 BTC futures close at 10900 USD was a “win for bitcoin bears over the bulls”.
Bitcoin spotted a Notorius Fakeout ChannelHave a look at notorious Fakeout channel. Read the comments on the chart
Bitcoin Suppoer & Resistance Levels - Short TermBTC is playing a small Range & waiting for a breakout. 200 EMA and upslopping Trendline can provide an interim support around 7750 area which is moving upwards every hour. If we find support here we will bounce back to test the down slopping trendline. Only after a break above 8172, we will retest 8458 & attemot 8550 and onwards 8700-8913 Major Resistance Zone. final Upside Extension Target 9179-9350 Area. Downside Strong Support 7200, Minor Support 7515
Bitcoin - Short Term Range ForecastSo BTC managed to hold 6500 area and 50 SMA for now. BTC managed to break downslopping trendline on upside. For now the Short term outlook is neutral with an upside potential to 8458, 8700, 8912, 9179 & ultimate target of 9300-9700 Area. On the Downside 7150, 7450 should offer Support. Only if we break outside out stated zone, we will see some action but for now for a week or two expect to play this area. What next, well lets first break from here
Bitcoin Bulls & Bears will fight here - Must SeeBTC is holding broker Trendline Resistance at 8050 Area for now. BTC can pullback to 7555, 7450 & potentially to 7200 Area before bouncing towards 8450 Area with a possible extension to 8700-8950 before staging a pullback. 8450 Area should offer good fight. Bears may want to Target 5100 Area, on the other hands Bulls will try their hand at 9700 Area. Break of the Down Slopping Trendline is key for any bull case. If the Line breaks on Top Side 9700 is the last Bear stronghold. Losing 9700 will expose them to 11700, 13500, 14900
If Bitcoin Breaks on upside, Here is where its gonna stopBTC is trying to Break on the upside with SHORT Term indicators flattening out and selling pressure is easing. We are not out of the woods yet, but a SHORT Covering Relief Rally is on the cards if BTC Breaks & close above 7000 in 2 H1 candles. On the upside we have significant resistance around 7214-7315 Area in the form on 20 DMA, We may test 20 DMA area only to pullback to sub 7000 Levels & playing 6900-7200/7300 Range before staging an attempt to 7515-7650 which is where is should stop for couple of days before staging a pullback to 7000 Area (We will update pullback levels once we get there). DYOR, we may take a High Risk Counter Trend BUY Trade around 6900-6950 Area if we pullback there (Extreme High Risk, if 6889 doesnt hold than we may go all the way back to 6450 & beyond on bottom, so DYOR)
Bitcoin Must SEEWhile BTC continues to be weaker against broad indicators, it did something in last few sessions which indicates, unless we breakdown sooner below 6450, we potentially may have a SHORT Term Bottom in place. And if so the SHORT Term Channel May Look Something like this. Odds are against BTC Bounce but the potential Channel Breakout on the topside tells there is a story that cant be undermined. We wont be buying until confirmed Daily break above 7100. Saw something so thought to share. 7450-7700 continues to be tough area to crack.
Bitcoin F**K Bears & F**K Bulls ScenarioIf i am a whale, i would try to f**k both bears & bulls. I wouldnt give them easy profits like how they are getting it right now. I would go to 7450 & potentially 7775 & attempt even 8100 Area before i begin the free fall to 4500 onwards to 3400 Area.
Bitcoin Downside Scenario Zoom ViewThis is BTC H4 Zoom View for down side Scenario. This Scenario is relevant only if we close below 6450 in weekly candle
Bitcoin where next if 6515 is broken ?Bitcoin is holding 50 Weekly MA & Long Term Trendline. For now its hanging on thread & its just a matter of time before bulls give up. 6515 last Major significant support. 6000 Wont hold as Double bottom for long. It may offer a minor Support & small bounce only to give up the gains later. 4500 Area is first support followed by 3400 Area. If we flash crash to 3400, expect an instant Price Reversal to target 6800 Area over few days. On the TopSide 7000-7100 Trendline is the biggest Resistance for now. only if we close above 7250, the downside pressure will ease. Those who are assuming 6000 Double Bottom will hold are doing themselves a big disservice by ignoring over all trend.
Bitcoin Fresh Update 03.29.2018Hello dear Friends!
Just a quick review of BTC price movement, we are going to 7200$ support zone.
At latest reviews of BTC I was looking on Logarithmic chart, but today checked the Linear, look what I found - Possible rebound area is 7200$ and targets will be near 8000$
If you looked at ETHUSD analysis - we have on Ethereum 390$ price as a strong support and it makes me optimistic to overall crypto assets.
BTCUSD - $11,200-$11,400 support explainedVolume tapering off, a break under $11,200 can be a potential freefall.
Bitcoin - The YUGE bubble Some people believe that BTC is overvalued and some believe it's undervalued. The one who considers Bitcoin is overvalued is referring Bitcoin as a bubble but still want to buy it, whereas the one who considers Bitcoin is undervalued because it still has not reached the point of global adoption are the one who speculates the market. Whereas BTC chart is no different than others and every chart is different on each exchange. Honestly, only a strong person with patience can gain "Yuge" profit in the market basically from rumors and news. Obviously, it's all speculation before the market adoption.
For cryptocurrency, Twitter is working as the primary source of information while 90% investor really doesn't understand blockchain and probably 30%-50% more or less never invested in stock market.
Hopeless romantic :
Myth: Macafee will make you rich or otherwise he will cut his crap? Really?
Fact: There's no source of legit information, one Tweet from Macafee wouldn't make you rich.
Technologically novice :
Myth: Ethereum is better than Bitcoin?
Fact: UTXO are the currency while Ethereum is a smart contract, both have a different purpose.
Blame game :
Myth: Futures are manipulating the market.
Fact: They are hedging but still BTC contracts not worth more than just the Oil contracts. "That's how the market works" Accept it.
The bubble is everywhere, we can't say BTC is in the bubble or cryptocurrency is the bubble. The Blockchain is promising technology but still need to prove itself. For now, let's play the " YUGE" speculation before we get the final product for the generation "Z".
J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC) remarked,
“It strikes me that we owe it to this generation to respect their enthusiasm about virtual currencies with a thoughtful and balanced response, not a dismissive one.” He did urge, however, that regulators “must crack down hard on those who try to abuse enthusiasm with fraud and manipulation.”
