Bitcoinmoon
Bitcoin goes space x to the moon! Long Wow Tesla just bought 1.5 billion in bitcoin January. What's interesting about this move as well is that is that they have said they will start accepting payments in Bitcoin as well. When the richest man in the world makes a move like this every institution and leading company will be looking at following hence the fomo.
Furthermore Musk seems to have the ability to ramp this right up through tweets, making Tesla's 1.5 billion worth an awful lot more. I think in normal circumstances the SEC would get involved in the rampant tweeting of a security to inflate its price, but as we all know Bitcoin isn't classed as a security so there is little they can do about it. If Musk wants to try and fire Bitcoin to the space x moon he's doing a very good job. Personally I'm a big fan of crypto so I'm on his side anyway. I just don't want to see any novice traders get harmed on the way so thats my job to help where I can.
In my earlier trade I took swing profits at just under 45k, here I went in again when that channel was breached and i've drawn upside channels as potential resistance points, we could also draw fib extension points if we like, I prefer channel extensions. Its clear that this is a parabolic move so its anyones guess where it finally ends and is very high risk for amateur investors.
I'm going to keep this thread open whilst I am long in this parabolic move so press the follow tab above for updates. I'm also live on twitter where I posted the Tesla news just as it happened earlier today with some commentary. Follow me on there to if you like. Telegram channel is coming very soon. Thanks for all your love.
Let's see where price gets to tomorrow and we can talk about targets then, trailing stop loss is good for now.
BITCOIN NEW MOON CALLS SLIGHT PUMP AS ALWAYS!!!MOON ANALYSIS HAS NETTED MY ACCOUNT OVER A HALF MILLION DOLLARS IN THE PAST YEAR, LEARN YOUR SEASONS AND YOUR MOON/PLANET PHASES, I THOUGHT IT WAS HOCUS POCUS UNTIL THE PROOF KEPT PROVING TO ME I WAS THE MORON FOR NOT BELIEVING IN THIS TYPE OF ANALYSIS!
BITCOIN about to DROP - it's SO OBVIOUS!DON'T BE FOOLED INTO THIS BULL TRAP. look at the volume. back to basics ladies and gentlemen. i don't care what kind of intricate charts and indicators you all use... this ship is about to SINK.. and that is a fabulous thing. when price move ups & volume does the opposite, what does this mean folks? anyone? hello? can anyone hear me?!?! yup, you know it. SEE YA. don't be a fool. buy back when we see sub 4k for the ride of your life. may we see 2k? sure... likely? no. hold your cash. be ready for the opportunity of a lifetime. we only get these every so often. personally, holding all cash until we see that bottom red line on my chart. be careful fools.
-toastedcharm
BTC/USD LONG SET UP TO THE MOON)BTC/USD BUY LONG
ENTRY 1 $9,568
ENTRY 2 $9,368
SL $8,995
TP.1 10,040
TP.2 10,268
TP.3 10,540
TP.4 10,840
tp.5 11,000
Downside areas of potential technical support related to both of those levels include the 9269.57 and 9389.28 areas. Additional areas of technical support that traders pushed BTC/USD below during its depreciation late last week include the 10149.22, 10095.40, 9887.63, and 9816.32 levels. The current phase of price consolidation has traders evaluating additional areas of potential downside technical support. Notably, the 9010.07 level represents the 61.8% retracement of the move from 10545.43 to 6526.00, and may provide some buying pressure when it is tested. The reversal of the pair’s recent ascent through and above upside price objectives could see some of those areas become potential areas of technical support. These levels include 9370.10, 9322.05, 9203.36, 9169.41, 9078.05, and 8880.87 among many others.
BTC-XBT/USD If you haven't been following me...Hey there Crypto Lovers,
This is another post up by Crypto Gavin. Hope you are all doing well, cause Bitcoin is. If you haven't seen my first post with the next many months worth of predictions in it you need to go back and check that out and look at the difference between then and now with the graphs.
I have removed a lot of the text bubbles as we all know what exactly they are. They are the time markers corresponding to the key dates in 2017's bull run and bubble pop. As you can see we bottomed our downward trend just before Christmas, and as of the 5th of January (which would mark the confirmation of the bubble pop in 2018) has signified the bullish strength that i have been looking for in this market for quite some time now. And look at what we have had, 3-4 days worth of Solid Green Candles launching Bitcoin from the $6750 all the way to the top of $8450!
I had my longs in and i hope you did too. Trust me 3x-5x leverage is plenty when you consider the gains you see overall. DONT OVER-LEVERAGE YOURSELF AND GET STOPPED OUT EARLY OR WORSE... LIQUIDATED.
The Trend is your friend until the end. My Trends have been i would say damn near perfect for 6 months straight. Drops down to the $8050 mark which would be the low end of support that we would like to see and that hold strong and this trend is looking EXTREMELY BULLISH.
Drops down to the $7750-$7950 range would indicate some weakness in the volume and market overall as it would show almost all purchases and trades are being done by HFT bots.
Seeing that we are sticking above the $8300 range for now is holding very nicely but do note that our RSI is overextended now sitting at around the 79-80 mark, 70 indicating overbought.
What i would like to see is this trend cool off a slight bit, give the RSI a chance to come back down into a neutral level while going sideways for a while allowing any profits to be taken by bigger investors plus new orders or dollar cost averaged orders to be filled before a next leg up. I have 3 long orders set from the $8050 mark to the $8300 mark to be filled if we do decide to dip that low that will give me a roughly 3.5x Leverage on the trade and a liquidation point at about -$4k below current market price.
Dont be left out riding that Short Position all the way to Liquidation Town next to whiners-ville. Close it up and Put that Long in because we are in for the next Bull Run!
I will attempt to get another post out every week to keep an updated chart going for you guys.
All the Best,
CryptoGavin
(Remember all of these statements are to be used as educational content and not to be used in any way shape or form as financial advice. I am not a financial advisor, although i do most likely know more about Technical analysis and cryptocurrency than your financial advisor haha)
Exciting weekly close soon on BITCOINExciting weekly close soon on BITCOIN
I am pretty sure if this weekly close above or equal to 9111 it will generate a new green candle.
And maybe this is the week for the 10k. I am very convinced that we will se lower levels.
Please check my other post. (We are in a uptrending consolidation.)
Above $11.750 = Fireworks and rockets.
BTCUSD - ///Moonshot\\\ What now?Regarding my last update from Feb 24 an upmove was not surpising for me. But i didn´t expect this 1.000 $ moonshot.
Is the bear market over now? The bulls took an advantage and "killed" a lot of bears, we broke the strong resistance
with a mega candle, but we didn´t neutralize the dump days from nov 18. I think we have to be careful now and
should not buy in blindly.
I expect a consolidation at the current level and a final upmove with a maximum in the area of 5.600/5.700.
After this consolidation time bitcoin will come back to the support level near 4.200 $ and then we have to read
the chart again.
Please leave a like or a comment!
This is not an investment advice, i just want to share my thoughts and strategy with you.
Updated bullish outlookI'm still maintain idea from beginning at the year, that we are just started bigger bull run up to 18000 and it's accelerates very fast. Mainly people will realize one thing, that there really is and can be only than 21m BTC/USD and even if i do belive that bitcoin as a utility was fine at price level 200$ it will be attractive to more people at higher price.
At least this bull will driven not with pure speculation but real world adoption, and it think we would see third one before 2021.
Bitcoin to New HighsPast Bullish Ascending Triangle Resistance line to the recent ascending channel's support line. As price reached it on August 2015, it lifted into an uptrend. A new bullish pattern could form soon with target to the past resistance ...(can use Fibonacci extension levels from the Fibonacci Retracement tool)... that came after the support of the Bullish Ascending Triangle which had in December hit the ~$19,000 price.
BTC–we are in the uptrend tunnel. Positive regulations in Korea.Hi Guys.
As we predicted in our previous analysis we didn’t fell below $5800. You will find this analysis down below.
We are currently in a weak uptrend. Still lot’s of uncertainty on the market mainly due to lack of regulations.
There are some good news regarding above mentioned.
According to Korea Times, a number of lawmakers across all political options want to regulate cryptocurrencies and ICOs.
They even hold extraordinary session of the National Assembly between 13th and 16th of July to address the legal status of cryptocurrency and regulatory guidelines for crypto exchanges.
Their aim is to establish guidelines for all cryptocurrencies actors and further make it law.
Rumour has it that they want to proceed this new law before official G20 Summit which will take place in Argentina on 19-22 July 18.
If the rest of the countries will agree with them it might be massive break out.
The only thing which pauses financial institution from investing in crypto is lack of proper regulation. Stay vigilant during and right after summit in Argentina. It may be breakthrough.
Let’s get back to the chart.
Guys we are low but in slow uptrend channel. We bounced off from the $6250 and the chart crossed also SMA6.
Let’s wait till SMA6 crosses SMA20 for the confirmation.
Technical analysis details
Channel: Levels to break: $6500; $6700; $6950; $7200
MACD: We are heading for bull’s cross
RSI – strongly oversold – look at the history: each time this indicator is on oversold zone price of BTC goes up
Gann Fan – we are crossing 1/3 level heading to ½. Still too weak for safe trade
Weis Waves – not much demand yet – we have to wait.
To summarize – we have still one week till summit. We hope to get positive outcome from there. We are really low at Fibonacci scale.
It's time to go up finally.
Please do share your comments down below. Do you have also any expectations towards G20 Summit? Like it? Give a like. Want updates? Click follow!
Thank you for being here. It is great to be part of our community. :):):D
HUGE Hugs!
WBM Team