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BTC day chart - updated - Possible 5.5k bottom crash!Okay there's detailed daily btc chart and some good support and resistance lines. So pervious Bulltrap was at 9.5k and it crashed all the way down to 6k, now the 2nd Bulltrap was at 9k and we might expect to see bottom at 5.5k realisticlly and we could see it dip even more but lets make sure we dotn miss this great opportunity. All questions and answers about charts and price prediction as well as day trades / swings could be provided in real time on our discord server : discord.gg
by InstitutionalTrader
Senate TestimonyHi All! Enter position on Bitcoin FA: SEGWIT. Coinbase. Senate Testimony leaked. "ICO's need to be watched, but cryptos are spurring technological growth and must be protected." Proper capitulation prntscr.com We lost 75% of our Segwit rally gains. Want a bargain? + anti-negative: they already used all the "bad news" this time facebook ban, tether ban, credit card ban, one hack, two hack, three hack, four hack, ico ban, korea ban TA in the chart. Happy trading! ;) Do NOT PM for Goblin Town.
BITSTAMP:BTCUSDLong
by MarcelV
2
BTCUSD inverted H&S / 8k is the bottomJust to reiterate what I pointed out in my previous post: 8k is the bottom! Here's a list of reasons Trading: The "resistance" comes only from spoofing on GDAX. Most executed orders area buy orders. Whales that have sold at the top need to get back in to profit some more. Nobody benefits from "zero-dollar bitcoin", perhaps with the exception of "investment gurus" who want to sell you books. Sensational posts immediately get 10k+ views & all comments are flattering. Same on Reddit. When small investors are the most afraid, the market has reached the bottom. Trend: At the beginning of a market cycle, the sentiment is still bearish & news still negative. The market always work like this. Man makes news. What news is made & which part of it is emphasized depend on the market (or market makers / moneyed-interests). Cryptocurrency will surely have a bright future. To think that world leaders would resist it is foolish, like Louis XVI foolish. Power comes from riding the tide of history (like Napoleon) but resisting it. TA: We have not & IMO will not breach the long-term trend line. We have not & IMO will not breach 200D SMA. We have corrected equal % since breaching the neckline of the H&S as from ATH to neckline (see chart). We have fallen equal % since falling out of the bear pennant (see chart). That there's a second time we touch 8k (go briefly below) is natural (and mentioned in my previous post: see Related Ideas). 8k is the bottom.
BITFINEX:BTCUSDLong
by DrJLT
34
btcusd Tether fake pumps bursting Tether Bubble bursts will most possibly continue. Bursting bubbles usually brings price below the values when pump started. $700Million Tether were "printed" between January and November 2017 omniexplorer.info $700Million fake Tether coins pumped only in December 2017 pushing price from 8000 to 20000. Next $700Million were in January 2018 trying to hold the bubble at least above 10000 omniexplorer.info If 7500 Buttom holds we will reach 15000 till August In case $6500 bottom would be the minimum, then 10000 would be available in August But I am pessimistic that the worst case would be with $4000 as minimum, which is corresponding the real price of bitcoin without tether pumps This is then a normal linear grow and no more parabolic but still 10% per Month, which is huge in compare to any stock in usual markets and forex.
BITFINEX:BTCUSDShort
by viparmenia