Get started

Bitfinex

Bitcoin Bulls Getting Nervous? After another face melting rally in the stock market, the cryptocurrency markets again traded sideways. Is it me or are crypto markets becoming the more rational and less emotionally traded market? Probably not. Crypto, however is my favorite leading indicator and to be honest it'll let us know whether the markets are going parabolic or could be tamed in the near future. Let's take a look at the shorter time frame picture of Bitcoin. Interesting Price Action Since its low around $8900, Bitcoin quickly ripped out in what seemed like a "falling wedge." Below you see the approximate target. Why this wedge is interesting is because I suspect this actually may be a leading diagonal of some sort. See below. Again, for leading diagonals you like to see wave overlap. What is one way to decipher this? Price action post diagonal. At the moment Bitcoin is consolidating. Lower time frame analysis will show that the current pattern is suggestive of a corrective ABC. See below. Notice the 5 wave move up and now we are correcting sideways. They call these ABC Zig Zag patterns. So..yes I am bearish. But before we end here lets look at the bigger picture and where to go short if needed. Below I highlight a two levels of resistance. I would not be short here as there is a high probability Bitcoin retests resistance #2. The optimal entry for a short would be at the resistance #2 region. I have a long term strategy for Bitcoin and that is not to get fooled for over eager bulls. I have a belief that this time around trading Bitcoin will not be as easy as it was in 2017. With that said, technically the Bitcoin chart is vulnerable to more downside especially if it cannot get beyond $10,000. Bias: Bearish .
COINBASE:BTCUSDShort
by DailyClose
Bitcoin (BTCUSD - Bitfinex) - Updated EW countBitcoin (BTCUSD - Bitfinex) has completed WXY instead of ABC mentioned in earlier updates. The choppy WXY correction having ABC in Y wave was over yesterday as three wave movement and a sharp rally thereafter indicates the change of direction. It is about to over A five wave up move from last bottom with one more minor high in 3 min time frame, thereafter B wave correction will start moving down. The fall in B wave will be good entry for wave C wave. Keep eye on invalidation level to retain the count.
BITFINEX:BTCUSD
by EWFcw
2
Bitcoin Sideways, Is It Over? The Next Move Will Be...Great Wednesday my fellow human and cryptocurrency trader, how are you feeling today? The content below was published 19-May... What's your take? Please use the comments section below after reading it... ---------- We've been looking at many of the Altcoins vs Bitcoin (ALTSBTC) pairs and many are set up to explode, meaning, they are about to jump in price. Here is a scenario that hasn't been considered often lately and that is Bitcoin Sideways. When Bitcoin goes up, Altcoins drop. When Bitcoin goes down, Altcoins drop. Remember the bear market? The best time for the altcoins market happens when Bitcoin is going sideways... When Bitcoin goes sideways the Altcoins tend to grow. Here we have an inverse signal, the Altcoins are getting ready to explode, so we can consider Bitcoin sideways for the rest of the month... or not? ---------- Previous chart from 19-May ---------- The Bitcoin sideways might be coming to an end... The trading volume is going really low... The next move can be really strong. Namaste.
BITFINEX:BTCUSD
by AlanSantana
Bitcoin Sideways, Is It Over? The Next Move Will Be...Great Tuesday my fellow human and cryptocurrency trader, how are you feeling today? The content below was published 19-May... What's your take? Please use the comments section below after reading it... ---------- We've been looking at many of the Altcoins vs Bitcoin (ALTSBTC) pairs and many are set up to explode, meaning, they are about to jump in price. Here is a scenario that hasn't been considered often lately and that is Bitcoin Sideways. When Bitcoin goes up, Altcoins drop. When Bitcoin goes down, Altcoins drop. Remember the bear market? The best time for the altcoins market happens when Bitcoin is going sideways... When Bitcoin goes sideways the Altcoins tend to grow. Here we have an inverse signal, the Altcoins are getting ready to explode, so we can consider Bitcoin sideways for the rest of the month... or not? ---------- Previous chart from 19-May ---------- The Bitcoin sideways might be coming to an end... The trading volume is going really low... The next move can be really strong. Namaste.
BITFINEX:BTCUSD
by AlanSantana
21
june 3th BTCUSD Bybit Bitcoin Chart Analysis Hello, “Make it simple, make profit” It’s BitcoinGuide. Don’t forget to “Follow” me and press “Likes”. I will begin BTCUSD Bybit Bitcoin Chart Analysis for june 3th . It is a 30-minute chart created yesterday. Separately, I didn't leave an add idea comment. Orange trend line, Breakaway of the blue support line After , Short stoploss were made. This a move, This is due to the difference in the balance of supplementary indicators that occurred on the weekend. (Not a gap difference.) It is a difficult to express in English, Sorry. Today's main section. It's a 12 hour chart. MACD deadcross waiting at the bottom. At the top, in the Monthly Candle Chart This is the section where the rising signal came out. Focusing on this part, I brought a trading strategy. Today's trading strategy. 30 minute chart. It's a neutral strategy. In large categories, 1. Check out the orange trend line. 2. Red path. And check the entry section in each section. 3. In the bottom, stoploss when the expression "I don't like" Breakaway. Good luck. Thank you.
BYBIT:BTCUSD.P
by BitCoinGuide
2
Bitcoin | RED MONDAY (Support & Resistance)We are of the same view here with Bitcoin (XBTUSD) printing a lower high and now closing below EMA10... Prices can drop lower. The immediate support is sitting at $9333 or EMA50, this is the next level to look at if Bitcoin moves lower. Followed by $9174 or MA200. Additional support levels are marked with blue dashed lines. The immediate resistance is now at $9750 or the last high. "Strong resistance" is found right above it in the $10,000 - $10,500 price range. We go bullish above this level (10/10.5k), bearish below. We are looking bearish on Bitcoin right now. Namaste.
BITMEX:BTCUSD.P
by AlanSantana
25
Bitcoin 50/50 TriangleAt Bitcoin, the next few days will be decided in which direction to choose. In the picture you can see Bullish triangle with a target around 11500$. To fulfill this scenario, BTC must still fall into zone 9250$, maintain it as support, and bounce toward UP. The bearish scenario is that the BTC falls below 4H BK231 (marked in orange), falls out of the triangle, and falls to a value of about 7,300$. Bitcoin would lose the bullish momentum and could gradually fall even lower. Currently it is 50/50, as BTC is located in the sideways structure. Do not forget check out our Active trades ;)
by Tradify_Labs
the bullish view atminfo : this TA is not a signal just a bullish view could be happen if we breakout 9200 again i can see fractal moves as btc now correcting but i noticed that its going to draw a nice falling wedge targeting the 11500 areas its not confirmed but if you seen it breaking out that channel again then it might be valid and the parabolic move may start again .. its not a signal please don't take action unless we give a note about it on other hand i can see bitcoin still have room to correct more at least to 8400/8000 areas also we can catch the 50% and 61.8% levels from the total parabolic move between 8000/7600 areas so your decision should be wise how to enter and when to !! best of luck boys and if you want to discuss the chart im always available to do that Cheers
BYBIT:BTCUSD.P
by HTISBACK