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Bitfinexbtcusd

We've reached a middle ground with BTC!This is what I mean by middle ground. Sure it wicked and everything, but that just gets everyone's ears to perk up and pay attention. People are calling their nerd friends and anyone in the crypto space... "Should I buy more or wait" Enter the middle ground. 50/50 right now. It's not going up and it's not going down. HAHA! That yellow line continues into 2019 of January where it stops roughly. 2 more months in this level or is (whale money) something coming none of us will expect. Crypto responsibly folks and don't give up on projects.
BITFINEX:BTCUSD
by RoryPants
Need more clarity on Bitcoin? Weekly, Daily & Intraday StructureHope this is helpful! If you ever feel lost, always take a step back and look at the bigger picture for a technical structure. I'm not here to tell you what is going to happen but these levels might help you find your way. Weekly: - We found support on 200 week moving average late 2018 - Support also had confluence with 200% of light red pitchfork which provided resistance back in 2016 three times (including one false break) before a clean break and acceleration in early 2017 - Resistance clear with confluence of 200% red pitchfork , MEDIAN line of blue pitchfork , red/maroon 0.786 fib retracement and $6000 psychological level which has been tested numerous times during the bull run and the breakdown (watch for strong reaction) - Looking for a weekly close above this level (with acceleration in following weeks) to confirm a bullish picture - On a clean break higher look towards confluence of black 0.618 fib (approx $7700), 300% of red pitchfork and 25% of blue pitchfork - If we have a strong breakdown or exhaustion lower look confluence support at 0.786 fib (approx $4400) and -25% line of blue pitchfork - Below that we have confluence of yearly open and 100% of red pitchfork Daily: - Can clearly see market movement around both 200% of light red pitchfork and -25% of blue pitchfork - Resistance and support levels same as on weekly chart but we can clearly see the market movement around these levels - Additional downside support comes with 200 day moving average (pink line) Intraday: - For the day traders the green pitchfork tells the story - While the median line has a false break initially, once the resistance was broken it has stayed above the 100% line - We are currently ranging between 100% and 175% lines of this pitchfork - To confirm momentum we would need to stay above the 100% level or risk a larger correction - On a break higher levels are the same as weekly/daily level so I am looking for a test of the 200% line of green pitchfork and if we can accelerate towards 300% of this structure - On a correction I am looking at finding support on the 25% line or median line which has confluence with black 0.786 fib next week as well as the December high (approx $4400) If you do find this helpful let me know and I will share some more charts!
BITFINEX:BTCUSD
by Ksh57
#Bitfinex/#Tether is the opposite of Mt. Gox #Bitcoin $BTC lossMt. Gox BTC were stolen from investors, inversely Tether may have lost USD to government seizure. To get out of Bitfinex or Tether you have to buy BTC. As it turns out that is a lot of extra buying hence the $350 premium on Bitfinex. It is kind of like the premium in Turkey or Iran also not well backed by USD. Likely not enough buying to take the price above $6150, might only be enough for the final push to $5800. Either way, it will not cause the bear market to resume course. After this run BTCUSD will likely set a higher low somewhere between $4400 and $4650 before making another run all the way to $6150 and beyond. In contrast to the last BTCUSD bear market, RSI divergence both bullish and bearish , have been seen in the majority of medium-term momentum reversals in the last year. I expect the price to stay within the range of this pitchfork . The longer it takes to move lower, the less of a move that will likely be. At the moment a higher low of $4400 to $4650 is definitely in play. Be a responsible person and make your own decisions about where to put your hard earned money. I am not a financial adviser and this is not financial advice.
BITSTAMP:BTCUSDShort
by blloyd
2
The Secret Bitcoin Accumulation Zones! (BTC)If you are a long-term investor looking for good entries this chart might be just what you need. Here we have an Elliot Wave count to determine where we are standing in the trend and from there we have the possibility to look at the targets of correction. In the Elliot Wave Theory - price has a tendency to retrace to the fourth wave of the previous five-wave structure and as you can see for yourself on the chart, price has already retraced to two previous Wave 4's in lesser degrees. (Note: The bottom of the fourth waves are highlighted in Black Horizontal Lines) . Have we already bottomed and are we in the last accumulation zone already? Nobody knows. If not, we will correct down to the previous fourth wave of the bigger five-wave sequence, completing a correction on the bigger scale since the beginning of cycle starting in 2015. We call this area, Buyzone 2. Always DYOR. This is not financial advice. /onefouronetrading
BITFINEX:BTCUSDLong
by OneFourOneTrading
1
Potential Bear Flag Could Soon Be Ready To Break BTCUSD 3 DayI think that this bear flag on both the 3 day chart and the weekly are at the point where a break could happen anytime. I'm leaning much more towards the downside as we are still in a bear market until proven otherwise and the probability of a descending triangle breaking downwards is much more like than a bullish move upwards. You never know until you get the confirmation of the triangle being broken! Be safe and always practice proper bankroll management regardless of your trading approach.
BITFINEX:BTCUSD
by b0mber7341
Bitcoin - The SituationWell well well our last trade was a huge success, now I am looking at the big picture and trying to figure out what could happen next. Now btc is trying to hold a bullish line back from years ago (See green line on chart) if this line breaks down I have little hope for a bullish move until 3-4k. Fractals and ALOT of TA is saying 3k SHOULD be huge support zone, so if we manage to go there it's an obvious buy with risk/reward on your side. I marked the best buy zone on my chart, note that closer to 3k is the best buy. If the current line holds it has great potential for 5k target (risky trade unless you got bellow 4.5k entry with a sl), personally I am waiting for market to show more clear signs. Only trade current line if you can babysit your position all day long. No need to rush to buy, weekly RSI is hinting that we will be here for a long time (3k-6k) Have a nice day! NOTE: This idea follows Bitfinex price.
BITFINEX:BTCUSD
by Nirland
2
My Take on Crypto's Future So essentially this video is just showing the first two big trends on Bitfinex and how the future movements are heavily based on these areas. One of these areas is the 6666 point which refers to a 2.618 on an old trend. My take on BTC is not good. It has to do with the lack of mining and increase of people selling out of BTC. I use to think of *big investors* coming to save the day, but why would they be waiting for BTC to drop. I feel like they want to see it go up so they can put money in it. If it looks bad, it will not come up. If it does not come up, then how is money made by the miners? If miners are not making their cut for a foreseeable amount of time, then will they keep mining? If the core miners of BTC stop, then what will happen? Are people looking to ETH or other coins to invest into instead of BTC? My feeling is that ETH will have a huge shoot-up once it hits around literally dirt cheap prices. This is not so much because of the fundamentals, but the idea that once BTC is not being mined or traded and has essentially "died" (low liquidity), People will then look for ways to finally put their money into alts. I think ETH can fill this short term roll, seeing as how it already has pairs to many alts and people just want it in general for its uses. As well as its future of moving to Proof of stake. This would be an amazing bottom to grab it at. If there is the possibility of things dropping to 0, I believe that "institutional investors" will wait for this moment. They have already made their money as I see it and are waiting for the next opportunity. I do not see a reason why an entity would invest into BTC until it is clear that it looks good. Why take the risk? One cannot simply sell off billions of dollars in a low liquidity market. Take this as you will for the price of the alts and what this would mean for them if one held on through this scenario; if this does indeed happen. Tl;DR Low risk trade. The idea comes from waiting for the scenario. If the scenario does not happen, then nothing is lost. But so much can be gained. I have been thinking of the idea of BTC (not Crypto) dying for a long time. It would be nice to finally see it happen.
BITFINEX:BTCUSD
by TrendLINEBoys
BTC Fib StrategyAs I have pointed out before, BTC likes to bounce at the .886-1.13 and the .618 retracement. Every retraced run has resulted in 100% accuracy of the predicted move within roughly 100pts of the retracement mark. The retracement for 2 runs ago gave a nice bottom pattern within 100pts, and now this leg up has come within 100pts of the .618. The strategy is to project the fibs at the swing points and take a position within 100pts. BTC is also in a triangle. If I had to guess I would say it will proly result like the last one (bull trap breakout and eventually breakdown).
BITFINEX:BTCUSDShort
by Gweilo