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BITCOINTRADER

BITCOIN (#BTC): Let's look at what's happening with BTC.Hello Crypto Traders, After Friday's stronger decline, BTC bounced off strong support zone and price incresed to $9560. At this price level local downtrend resistance is located and BTC was reflected down to support at $9200. Now BTC moves in a very narrow channel between EMA50 ($9280) and EMA21 ($9320). However, the BTC is still holding above the Ichi cloud, which is a positive signal. MACD shows a change to Bullish (orange circle), but until the lines were crossed, the upward trend will not be confirmed. Today I want to highlight two important aspects: A) Ichi Conversion line (green line) - Now BTC is below this line. If we look into the past, how BTC responds to this line. Look for blue cyrcles - without significant volume, BTC was always reflected down. B) RSI - we are now approaching 50%, which is an important value if we get over, then it's a bullish signal. But let's be careful, again in the past, BTC reacted to this level with a significant price drop down (green circles). The game also features a "double top" pattern, price levels at $9560 and $9760. If BTC gets above these values, then it will test the magical resistance $10000 again. Personally, I do not see opportunities to trade now. I'll wait till the end of the weekend and then adjust to the new situation. If you want to trade - profits targets are mentioned above (double top patterns + 10K) and set up stoploss at $9100. Good luck. I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!
Short
by AsBobbyDigital
THE BIG SHORTHALLOOOOOO!!!! WTF IS GOIN' ON?!?!?!?!? I HAVE NO CLUE!!!!! Its been no secret....I'm short on BTC....so sue me. I think I may have a reason that goes "Beyond Technical Analysis" (said in faux deep voice). I was looking at that parabolic rise in the BTC moon mission and I was thinking to myself, "Way to miss out Krod, you had to HODL, huh?" And then it came to me...I could've SODLed at the top and just bought back in later, which I also didn't do......because 1. I have no clue what I'm doing and 2. MOON. Anyways, some suits pushed out news that they were going to start trading BTC futures on the CME and then the mother of all pumps happened. Not just in BTC but across the crypto board. I've done some actual diligence here and went and found the expiry dates of the current BTC futures contracts, well three of them at least. And the one that struck me the most was the one that opened for business on the 15th of Dec. If you opened up a short on that contract man oh jeez...can anybody say "Money Fights?" Anyhow, because I don't know what I'm doing I made some lines that correspond with recent prices and made them all different colors and ignored candles, who needs those anyways when you're going meta? And what is left is the painfully obvious fact that the same suits that got the CME to buy off on BTC futures are the same suits that opened shorts on the June contract and those suits are going to make like 230% or something crazy like that. Also, I figure that because the price hasn't dipped below the trend line in a while I'd go ahead and drop that in there. I see new lower lows inbound. At least until that June contract expires which may cause a huge dump down in an effort to absolutely wreck the "MOONING NOOBS" forever zooming in on 5 minute charts in an effort to find some indicator or pennant or whatever. I hope this helps some of you but only some of you, if you like it awesome. If not....well....I don't really care. I don't and won't ask for likes because charts are silly and you should probably go get some sleep, which is the only thing I recommend.
COINBASE:BTCUSDShort
by UnknownUnicorn1781136
4
BTCUSD - Bitcoin has a divergence in the force!Quick update on the BTCUSD markets for the short term. We can see that the market is clearly hitting against the ceiling at around 11600 – 12000. With the Bulls staying shy of the market we can see that the demand is dwindling and the CCI might switch over to Bear mode soon. On the short term I would advise caution to those speculating on the Bitcoin markets. We will see the CME futures expiring today and get a clear idea what the street is up to. Short term support for BTCUSD is at 9k – 10k. Medium/Long Term support could be as low as 7k or even lower. It is a good practice for traders to take a look at the 1day and 1week candles to asses complete situation the market finds itself in. Even though I believe this is still a very healthy correction for the market, many speculators/investors will reassess their commitments when/if $9k should break. Feel free to discuss this trade idea with us .
COINBASE:BTCUSD
by saintbitcoin