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Btc-trend

BTC Short term trend reversal on 4hr chartThe day chart's up but the 4hr is down so we could be moving back towards the $6600 range - believe it or not. It's going to be okay because we still need this double bottom to build up enough faith (and more accumulation). June 5th and 6th we should see it happen. This has been the 2 month pattern... From there we'll see. Not financial or psychological advice. "Whatever the mind can conceive and believe, it can achieve." -Napoleon Hill
COINBASE:BTCUSD
by Napoleon_Carnegie
2
Bitcoin near a change of pathIn the last analysis I've traced a zone around 7200-7600$ as a confluence area and the price actually stationed here for some time. This price level is important because if it fails to act as support, price could retest the lower triangle trendline and the daily support @6900-7000$ or go even lower for a possible triple bottom pattern @6400-6500$. This is what I think about the state of the last month bearish price trend. Going back to the present BTC recently had a strong reversal candle on the 4hr and this could give a couple of different scenarios: If the reversal candle is confirmed at the end of the day there could be enough confidence to move up but we need to see daily higher lows and higher high. Price will fluctuate into a small rising wedge and reach the upper triangle trendline, maybe a bit over since the first resistance is around 7900$. This will the critical point At those levels the price will face also the26EMA on the daily and probably be oversold on 4hr. This will surely bring some pullback and from here the buyer confidence will be tested: if price recovers and break above those level I think there will be a strong run up to 8600$. Otherwise, we may go down with some force and continue the bearish trend at least to 7000$ and the lower triangle trendline So 24-36 hours will be critical, on the daily chart is worth to pay attention to the MACD crossing as another bullish sign, RSI barely touched oversold (could be enough?) and STOCH is rising What is really surprising me is that in the last months we witnessed a trend cycle with a timing so precise that is almost uncanny. Someone speculates that this is completely mere manipulation, I can't express about that (it really could be) and for sure is another important aspect to take into account, especially now since we are close the 5-6 June. If this behavior is confirmed we could have still some days to trade and maybe see the short bearish scenario mentioned above, personally I'll wait a confirmation above 7800$ for placing a possible long position, this is a chaotic area within I don't suggest to trade if you are not really confident. In any case things continue to tighten and well see soon what direction will BTC take!
BITFINEX:BTCUSD
by Horrorcoder
1
[May 24th /BITMEX] Bitcoin Trend Analysis - 7260/7700 My last analysis was correct and we made huge profit guys! Cheers! Today, I gonna show how the trend will work. Let's simplified it. If the red support wall will break out, Bitcoin 0.57% price can be re-entered 7250/7200 over 70% possibility. If the red support wall won't break out, it can try to break 7700/7850 resistance wall. Position (with conservative sight) Short: 7560/7700/7860 (x 10-25 leverage) Long: 7340/7260/7100 (x 5-10 leverage) Open orders: 6700 long, 8148 short (worst case for bull/bear both side) So far, I would say the red line is more realistic than the green line. Bulls are trying hard to break out the 7600 wall, but it is still not that powerful. Lots of people and my friends asked how Bear always win the fight. I can confirm that one bear whale is equal to three bull whale. Think about it. Buy 1000 bitcoin 0.57% can push up 200/300 points, otherwise, Sell 1000 bitcoin 0.57% can drop 400/600 points If I am a whale, I prefer to throw away and buy again and throw it again. Because I can still make a huge profit. I know someone doesn't like my opinion, but be realistic. Ants CANNOT beat the whales. We have to follow their way to survive and make a profit. I hope you guys have a great day.
BITMEX:BTCUSD.P
by UVS_FX_Trade
A NEW TREND FOR BITCOIN?Bitcoin was finally pumped and someone put a lot of money in it. That company, person, hedge fund or whoever put that amount of money in bitcoin will not want to be dumped again (for sure) and will want to increase the value of Bitcoin. There are a lot of reasons why Bitcoin will not easily dump again: There are too many miners who will not allow that price go so low There is a lot of great news for Bitcoin and interest in Bitcoin is getting bigger and bigger Blockchain is the future of the next generation . When someone says Blockchain everyone thinks of Bitcoin like the first thing! We suggest Bitcoin to go up as there is a new trend. Bitcoin cross the resistance line that a lot of people were waiting for! Now we need to watch out resistance lines. The most important one will be at around 9 200 Dollars . It will all depend on whales how they want to play the game and mainly on marketing which plays an important role in these days. If it crosses this resistance line it can get a new ATH! People start to be FOMO and put all their savings in BTC and the "bubble" starts again. It is a cycle which keeps repeating every year. You can see the possible scenario of the Bitcoin. We are not waiting for institutional players that will put a lot of money in Cryptoccurency . People are really scared to invest again in Bitcoin because of a lot of scams like ICOs and so on. That is why they better place their money in USDT and wait until someone opens the market and will invest that amount of money. Moreover, people are scared to hold their FIAT because the value of money is partially decreasing and can be printed whenever the country or union wants. Thank you for watching, Your Exclusive Signals
Long
by exclusive_signals
Litecoin :- No Trade Zone LiteCoin (LTC) :- Trading within a zone of support and facing resistance everytime it hits the upper downtrend line of the parallel channel. The Downtrend Channel Breakout would signal a move to the previous highs and would confirm a Bull Trend for LTC. A breakdown from the zone of support would mean that we initiate our short positions as we would then be heading down to the weekly support regions of 141 Stay tuned for further chart analysis and trade updates.
by Akshath1994
Ok 2nd Try, why am i wrong last times ...Ok, after loosing 5 digits amount of money and making same i thought. ... What is missing, what am i not seeing. I deleted all of my chart and looked at it, from MACRO view only. No emotions and no double thoughts and no bias at all. Ok that is not true, no one is unbiased. Why am I doing that? Well i thought, fuck i will short this xxXXxx, last wave. Because hey Elliot waves theory says, there are 5 WAVES allllllways. But what if the last push down is not a 5 Wave, but an ABC correction, than we do only have 3 waves and an impulsive wave upwards ... Ok, thats why i thought hey ... do you 100% know, there will be a 5th wave down and are you betting 7 digits amount of € -0.14% on it? .... hmm no, so i removed all my orders and wait patiently. I also thought, i could short this bastard with 60 BTC 2.95% , and make 20% profit, based on Elliot Waves. ... But again WHY am i doing that? Because always, when something was crystal clear i lost money ... So i thought ... look different now ... and now i am doing ... What do you think? So if this is true, definitifly trading opertunities ... As always, if you only would know, how the puzzle may look like...
BITSTAMP:BTCUSD
by EdiTheTall
1
Good time to enter the marketIf at the beginning of the month the community of investors in crypto-currencies received a message from the authorities of some states about intentions to tightly regulate the scope of the crypto-currency, then towards the end of the month the events began to unfold more positively. - The recent meeting in the US Senate on crypto-currencies gave investors a reason to view the further development of events in a positive way, as it was more in the form of discussion of the issues on the crypto-currency market in general and what risks there are in investing. -At the roundtable with representatives of the EU authorities and shareholders of private companies, the vice-president of the EU Commission Valdis Dombrovskis told the press about serious prospects for financial markets and the need not to impede the development of technology blockades. - The Swiss Financial Markets Regulator (FINMA) published recommendations for ICO in which they disclosed the plans for applying legislation to tokens and how the organizers of ICO can receive feedback from the regulator. - The new head of the Central Bank of Taiwan, Young Chin-Long, made a statement that the Central Bank will carefully study the possibilities of blocking technologies to improve the existing infrastructure. All these events increase the likelihood that the meeting of the G20 on the topic of crypto-currency can take place in a positive manner for the crypto-currency market and at the meeting, there will be discussed more opportunities for the development of the sphere as a whole than options and tools for its prohibition and restrictions. The main coin of the market is cryptocurrency and concurrently the index on which it is customary to determine the mood of bidders - bitcoin, is trading above a strong psychological level of 10,000.00 which recently stopped the price from falling and became a strong price support level. This formation is considered by us as a serious reason to predict positive moods in the market and expect that the downward trend will be broken in the near future. It is worth noting that the markets are cyclical and if you analyze the results of trades on bitcoin over the past three years, then there is a certain pattern that can tell investors time to enter the market. In 2015, bitcoin after a decline from the beginning of the year in February (from 322.3 to 182.0) formed a strong support level at 215.00 which during the year was repeatedly tested at the price, but was not passed. As a result, for the year, bitcoin closed at 429.00 with an increase from the designated level of 99.5%. In 2016, bitcoin repeated the scenario and also after correction at the beginning of the year (from 458.8 to 359.2), the price was found at the beginning of February already at $ 370. During the year, bitcoin from this level increased by 169% to 996, 6. In 2017, the same situation: bitcoin from the beginning of the year is markedly adjusted (from 1139.6 to 779.5) and further on the results of trades for February new support is formed on a strong psychological level of 1000.00 and the year is closed by the growth of 1276.9% at the level 13769.0. Despite the rapid price jumps, now we can observe a similar formation. Bitcoin started the year with a decline (from 13769.0 to 6000.0), after having played a part of this drop and now trades above 10,000.0. This corrective growth continued just up to the upper boundary of the downward channel in which the price moved since December of last year. As a result, on the one hand, the price has support from the lower boundary of the long-term trend and support for a strong psychological level, with a pattern that has not been repeated once. On the other hand, the price tests the upper limit of the downlink. In sum, these facts give a high probability that the downward trend may be over, and the statements of high-ranking officials of states to promote the development of blockchain will signal the bidders to invest in promising and promising
BITFINEX:BTCUSDLong
by Pricemann