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Elliot Wave: BTCUSD "BITCOIN" Intraday Buy SetupBitcoin is now setting the stage for wave 3 of (3) of ((3)) advance. A significant rally should commence once the current correction is completed. I'm projecting that the upper trendline will accumulate sellers and signal the completion of wave ((3)). Looking to add more positions at $7450 area, while the key level on the chart is where we don't want price to breach while the correction is still unfolding. Also, kindly follow below link for subsequent intraday updates on Bitcoin. I will not be posting a standalone intraday like this. What's your take on Bitcoin? Do you trade it or just buy and hold? Kindly let me know in the comment and tag colleague traders that want to trade Bitcoin. Thanks for reading! Veejahbee.
BITFINEX:BTCUSDLong
by Veejahbee
2
Bitcoin LONG NOW 1 HR Chart#Bitcoin # Ethereum # Litecoin # ETHUSD # BTCUSD # trading #crypto Hello to all warching my chrarts Now as i told you yesterday the long chance has been here. Bitcoin climbed in my blue aerea ARROW (maybe you check that again from my previous post) And we are no in Long situation. AND whats in addition fine for that feeling my shortchannel system just jumped out of the blue channel to higher prices which confirms the Long. Good trades If you want to support my work and my charts, please like them... Renkotrade
BITSTAMP:BTCUSDLong
by Renkotrade
Bitcoin fall and further deflation of the entire market for 30%+Bitcoin is clearly attempting to break through and make new highs and continuosly failing to do it . Starting from January 13.th, we have obvious downward tendendcy (after making all time high), continualy had lower and lower rebounces like 20.000/11.700/10.000/8500/7400/6800. With all that said, Bitcoin as failing to breach 6750 in 4 attempts (while making "interconsolidation" on 6.4 inbetween, so obviously showing signs of serious weekness once again, therefore, as failing to make higher high (or at least lowe high in current situation), Bitcoin will go toward 6550 level (while continuosly rebouncing over it) and "alegedly" trying to push through 6620 and as failing to do so, it will make previous low 6400, trying to breach 6550 and as failing again sinking towards 6380 and most likely deeper while altcoins keeps on deflating. My recomendation to everyone, like everyone is leaving into USD ONLY while downtrend doesnt reach at least 6280 then 6123, so then after situation unfolds, we can make further conclusion because of accuracy. Do not rush with buys. Stay in USD, try to make swing opportunities 6464-6550, then 6380-6456, 6280 6365 and so on. But most simple way is just staying in US dollar while Bitcoin retest and makes NEW LOWS. Be very careful if trading under these levels. I will provide aditional information regarding the dropping levels, but this time, Bitcoin is most likely (almost certanly) goes to previous lows (6100) and falls futher in the manner 5400-5750. Therefore, your altcoins will be worth 40% less at least (becase Bitcoin deflates over dollar) for 20% and your altcoins additionaly deflates over Bitcoin for addititional value (therefore) USD output could be very low. Dont let yourself sink with your assest. Cashout on time (if you didn't do it so far) do it, and leave it falling. Don't listen to market makers and influencers. Those who brags most, does least. Good luck to everyone and don't rebuy prematurely.
Short
by milanjelic
111
Simply hodling prefork BTC That is 1:1 ratio of nr. of coins on both chains (BCH+BTC) I am hodling BTC for years (since 2011) and will continue to do so for quite some time. I have sold too soon and then had to rebuy in 2013. I am taking in title described strategy for at least a few of the following months for several reasons. - Dominant market cap (150 billions atm, 65%) - Very small corrections (little drama, good for health and emotions). - Very low volatility - Position does not care if money is shifting one way or another, but on the other hand fully absorbing new capital entering the market - Very strong and clean new ATH just recently - Very clear bull channel, while (legacy) BTC has very broken picture atm - Possibility of significant money continuously coming from Asia trying to overtake a place for hodlers of a future world reserve currency candidate. - At the same time we might see even more money coming from west as more institutional money coming in (CME and other future options, Coinbase opening doors for - Besides up to maximum 10 of most prominent alts, we are already seeing altcoin consolidation where most of them go to very low value (the ones where only use case is token trading and speculations, and no real world integration) - This strategy involves little risk in my opinion, while dumping (BCH), which is what everyone is doing might not be as much low risk as most think. Also usually dumping occurs in sprees (so hodler actually get very little of BTC for them). Sooner or later all the dumps will be absorbed (still waiting for coinbase, bitmex...) If things continue going as they are going now, that is BCH continuing gaining bigger adoption to the ecosystem, while BTC failing to even keep up with existing ones, I will be slowly shifting (probably in a year or so) the weight of ratio to the BCH side. Probably never 100% though. I definitely do not want to write away the leverage BTC legacy has in the form of most security oriented (bug resistant) development team. But on the other hand I think this rigorous approach is also giving them a Duke Nukem Forever syndrome. Slow releases with always 18 months away from that top notch fancy release which than never happen.
BITSTAMP:BTCUSDLong
by eye1