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Bitcoinpricetrendanalysis

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)
BITMEX:XBTLong
by Gamblers_Paradise
2
BTCEUR - Bear Flag, Short Position (7.150 to 6.080 EUR, -14,56%)BTCEUR - Into Bear Flag, Previsione for a Short Position from 7.150 EUR to 6.080 EUR, (-14,56%) BTC comes out of a very marked flag of about 73 days. The output, about the movement that took place later, clearly defined a FLAG POLE and a fairly marked BEAR FLAG is emerging which is now 26 days. By performing the FIBONACCI tracing on the flag pole and reporting the values on the output FLAG PATTERN you can highlight the TARGET LEVELS of the SHORT POSITION in ENTRY and EXIT. In the forecast, an imminent exit from the BTC BEAR FLAG is simulated at around 7,150 Eur. 1. Entry into SHORT at 7,150 EUR. 2. Monitoring of historical support at EUR 6,774. 3. Target 1 to 6.080 EUR ÷ Target 2 to 5.611 EUR. The FIBONACCI tracing signals the target level around EUR 6,080 equal to - 14.56%. Also possible a second target at EUR 5.611 defined by the width of the FLAG POLE. #surfthetrend #trendsurfer #gabrielestampa #bitcoinpredictions #bitcoinprevision #btceur #bearish #bitcoinbearish #shortposition #bitcoinshort #shortposition
Short
by gabrielestampa
This is why Bitcoin went Parabolic - Technical Analysis Prevails"History repeats itself", as they say - especially in the case of a market as predictable, albeit volatile, as Bitcoin. During the recent parabolic move in Bitcoin, most indicators have been screaming overbought and calling for a selloff. Despite these warnings, BTC has continued to move higher leaving most people scratching their heads and saying that technical analysis is "broken" and "doesn't work for crypto markets". What is the reason for it? Manipulation by whales? FOMO? Moon bois? Ironically, we can find the answer if we are vigilant and follow the most basic of technical teachings. As you can see back at the beginning of the 2014 bear market, Bitcoin was in a descending pennant formation, indicated by the dotted blue line. It then broke out as expected, only to give back the entire move and continue forming new lows. Similar to what happened in 2014, but on a larger scale, Bitcoin has been in a descending pennant formation since January 2018 - though this time the price has been "manipulated" in a way to conceal the descending pennant pattern that was forming. It's my hypothesis that BTC was artifically held up around the $6200 level during the second half of 2018, until it finally collapsed in November. This would also create "fake" resistance around the $6200 level, which would allow BTC to easily pass through it on the way back up. But I digress. Breakout of the pennant formation around $4000 saw Bitcoin explode upwards in a parabolic move to complete the technical pattern. So where do we go from here? Similar to the 2014 bear market, I expect Bitcoin to give back the entire parabolic move to revisit $4000 to $4400. As you can see, the NVT indicator is screaming for a sell off and I believe it will come swiftly. I do not know where the top is but I would say we are relatively close to it. I do NOT think Bitcoin will continue on as the 2014 bear market did to reach new lows, as we are too far into the bear market cycle. I am not trading at the moment and awaiting further confirmation of market direction before I enter into any trades. **WARNING - This is only speculation and does not constitute investment advice. Make trades based on your own analysis and opinions**
KRAKEN:BTCUSD
by genkidama8
UPDATE: Revised Lazy Trader for #Bitcoin profit $11,126,800.14Here are the NEW rules 1. We only use Weekly chart for buy and sell signals BUY: Weekly candle must be above the 20MA Stochastic RSI upward but not above 80 MACD at least 3 histogram bars in a reverse swing buyers momentum if all rules are met buy on the week start Sell: Sell 50% if Stochastic RSI has been above 80 and drops below - sell into the 2nd week of it being triggered this changes the outcome to $11,126,800.14 from $8,299,810.26 (buy back in if ALL BUY RULES ARE MET) if the candle closes below the 20MA sell the rest of the 50% or all #NOTE this can be highly more profitable with a bit of tweakingChanging
BITSTAMP:BTCUSDLong
by GlobalTrader_
1
Bitcoin testing $3500 , Bullish or Bearin long term trend line it is getting support around $3500 - $3600 , It tested it 3 times in last one month, Tried to break but bounced back if it holds here then we can see quick bounce back if not then we can se downfall to $100 to $200 more from here & we can see it to $3400 - $3200 Again $3750, it is facing resistance in long term trend line , tried to break but couldn't able to sustain thr for long term and felt, Now its like a Ping Pong game or a kind of spring, getting more and more squeezed to the end. $4000 is a resistance in short trend line and whenever it go thr then get rejected. So need to watch this also and trade, If it breakout after $4k then $4400 - $4850 will be the next resistance It just broke short trend line and felt from there which is not good sign but if compare to the long trend line BTC getting support which is quite bullish.
BITFINEX:BTCUSD
by bitcoinexpertindia
1
BTCUSD been repeating the downtrend retracement at 61.8% fiboFrom the chart, the 61.8% fibonacci level on the downtrend has been acting as the major resistant for bitcoin for the entire year so far. The next 61.8% fibonacci level will be at 6910 which is just around the current downtrend trendline, breaking this resistant could signal a major uptrend move. Currently strong support at 6000 USD so watch out for the entry around there and HODL if it manages to break the next 61.8% fibo at 6910. Breaking below ~6000 USD could signal a continuation for downtrend, but a failed break low could be a signal for a long position. I'll remain neutral at the moment and wait to see the price action for either side which should happen pretty soon.
BITFINEX:BTCUSD
by sanuwat25
Bitcoin might just be relaxing a bit, to continue down further..Bitcoin has shown some strength in the recent days, but it also has no reason to go up, except for a Short Squeeze. Why wouldn't I call it a reversal yet? Cuz we still need to cross previous resistances (as high as 10k) to say we're in bullish territories. Also, the strength if the green candles is quickly sizzling off, and the bears are probably just resting for sometime... I'd look to short in the range of 7800 - 8250.
BITFINEX:BTCUSDShort
by adyscorpius