Get started

BTCCNY

A Frightful Find - BTCA Frightful Find. As you can see, BTC has hit parabolic highs. Right after hitting resistance at 11.5k we imminently corrected to the current low of 8815. Many people are wondering if this correction is over, or if we are going down for a visit to the 100 moving average once again. Truly I am uncertain. However earlier today, someone posted a chart in the chat, which had manually drawn lines that took the shape of a cornucopia basket. I then wondered if there was some sort of technical analysis that could closely represent this. Shortly after I came up with the indicator above that takes the moving average and then multiplies/divides it by a set percentage, creating these channel bands. Which in this case is 75%. It appears BTC has formed what I call a moving average channel . While the band is widening, it appears that we have visited both the top and middle bands multiple times this year. Indicating that if this growth rate continues and history continues to repeat itself, BTC’s pumps and then dumps could get much more severe in the near future. Therefore, judging strictly by this chart, this correction could be far from over. DepthHouse – Moving Average Channel has been published for you all to see and try for yourselves. Maybe this indicator has uses elsewhere? If you find something feel free to post it in the comments below! Note: I am not short. I am merely posting this find for you all to see and analyze yourselves. I wish you all the best of luck! Be sure to check out my all my other indicators!
BITFINEX:BTCUSDShort
by oh92
21
BTC - How to Trade Last afternoon, BTC broke the neckline of a double bottom. This is a very good sign for BTC, as it means the bottom may be in... for now. After further analysis, it appears we have formed a bullish pennant and a possible ascending triangle just above the previous neckline. This is a very common consolidation phase after breaking above a neckline. Therefore I believe more upward movement is likely. However, there is always a chance we could break below the pennant. Which in this scenario there have been signs of a possible double top on some exchanges. IF this is the case, I will likely close all longs at the break of the pennant. I will then look to enter a short after a break of the bottom neckline. Summary: I am currently BULLISH . I plan to add to my longs at a break above the pennant, and will likely add more if we break out of the top of the triangle. IF we break out the bottom of the pennant, I will close all long positions and watch for a break in the neckline. I wish you all luck!! DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BITFINEX:BTCUSDLong
by oh92
3
Bitcoin falls from record highs, buying opportunities soon.The Bitcoin (BTCUSD) has had a major retracement after setting new record highs. The RSI signal is now giving early warning to buying opportunities, however there are still reasons to wait. Firstly, the price has found resistance at the 23% Fibonacci area and secondly the RSI has not fallen all the way to the lower, oversold levels. Once RSI touches the area signalled by the blue circle “Preferential buying signal”, then the odds become much greater. There are other reasons supporting purchases at these levels, the retracement has pulled down to the 50% retracement area, which co-incides with recent support levels we previously identified (). This then becomes one potential buying area. If the price drops to this area, indicated by the grey box and the RSI touches new lows at the same time, buying then at those levels becomes a highly recommended action. A shorter time analysis also has similar confirmations: Another reason to hold out from purchasing is that in the real bitcoin trading world where actual transactions are occurring, I have experienced very slow transaction times of ten to twenty hours. There is very high congestion on the bitcoin network. Others have reported delays of over a day. This has to do with the computational calculation speed. The time it takes for all the computers and bitcoin computational mining power to process the transactions. There are rumours that with China worried about capital flight into unregulated, uncontrolled areas, therefore are actually controlling the computational power of the bitcoin miners. At the moment the one Achilles heel of the bitcoin blockchain is that anyone controlling more than 51% of the blockchain can manipulate it. There are rumours that this is happening now, in a gentle manner, in attempts to clamp down on capital flight from the Chinese currencies (USDCNH) into the unregulated financial markets, such as Bitcoin, by turning down the dial on computational access. A previous analysis comparing the two currencies highlights unusual movements: However, the major trend is still in a strong upwards momentum. Prices may continue to rise from this point, so smaller trades with larger stop losses can still be made. Once price reaches the potential buying area (square box) then better entries can be made. The preference and recommendation is to wait for the RSI to reach much lower oversold levels then look again for buying opportunities to enter the market, so to wait for now. When the actual Bitcoin processing time also falls to more reasonable levels, this too will indicate selling pressure has lessened.
BITSTAMP:BTCUSDLong
by Quadricolor
BTC - Decision timeBullish Case: - Leveraged longs are closing but price is rising - CME news is bullish - The whole crypto market is in an ascending triangle and is bullish - Capital flow from alts into BTC for 2x - TD sequential monthly and weekly indicator suggests more upside - Targets would be 7k and upward after a retest Bearish Case - Touched rising wedge resistance - Longs are exposed and whales will go hunting - TD sequential is on an 8 on the 4 hour at the top of the trend.. 9 says take profits and you can see this has bene important in this trend - I would expect the coins to be bought back cheaper before the hard fork. - We are overdue a biggest pull back in the market but it will probably come after 2x.. or not at all! I am currently 100% in cash waiting to see what happens next.. sometimes the best trade is no trade until we have clear confluence! Ill try to keep you updated as things develop. Phil
BITFINEX:BTCUSD
by filbfilb
16
Bitcoin - How to Trade Support and ResistanceThe symmetrical triangle patterns are characterized by both rising support trend line and a falling resistance trend line . This pattern indicates a period of congestion as price ranges within a tight sloping support and resistance lines and indicates an imminent breakout. The future direction of the breakout can only be determined after the break has occurred. The breakout should occur with an expansion in volume , especially on upside breakouts. Let me know you feedbacks and don't forget to subscribe for regular updates. Thank you!
BITSTAMP:BTCUSD
by Crypto_Talk
4
BTC - Land of Harmony?During Bitcoins last retracement, the .5 fib level failed to break. Eventually leading us to the large leg up that we just witnessed. This was a very bullish move for BTC, as the downward trendine was now broken, and we have formed a higher high. Short term I am very BULLISH . I expect us to retest the top of the long term channel once again. However, I believe this bullish activity is going to be short lived . As we all know the top of the channel will likely hold a massive amount of resistance. Not only that, we have ABCD pattern that is forming on the 1 day chart, which just happens to fit perfectly within the channel. We also have a possible harmonic formation on the smaller time frames. Which is somewhat ironic, because its completion also rests right on the 1.618 Summary on my position: I am currently BULLISH. However, if we make it to the 1.618 we will likely hit a massive amount of resistance. Therefore I am preparing myself for another short position . I will try to update on my position as frequent as possible! I wish you all the best of luck! DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BITFINEX:BTCUSD
by oh92
1
BITCOIN TIME CYCLE ANALYSIS - $10-15K END 2017This 2017 time cycle analysis of fear and uncertainty (driven by BB/scaling debate) followed by resolution and new all time highs looks to repeat and set to continue through to the segwit 2xActivation which will inevitably create FUD. We look to be in a FIVE WEEK run up towards $7k in September ahead of Segwit rhetoric probably seeing some profit taking along the way, followed by another TWO MONTH consolidation and blastoff early November after hard-fork resolution giving us another FIVE WEEKS at the end of the year to an all time high of around $10k. BTC loves to dump in the new year so we could see that magic 10k 15k would be the absolute tops and a big sell off. Things seem to be falling in to place gents 4.61% . Enjoy and trade with care. Happy to discuss 1/1 viaDM Follow me on twitter for daily charts .
KRAKEN:BTCUSDLong
by filbfilb
19
HOW MUCH BITCOINS WOULD YOU BUY IF IT WAS AT 1$ AGAIN?? CLICK INbuying bitcoin has changed my life forever, i was blessed to know and invest in bitcoin at one digit prices. now im sharing my next big pick. a new coin is out, it's called bitnet, ticker is BTN ... currently trading at this exchange: coinsmarkets.com and main site for info is : bitnet-crypto.com the coin is about companies and indiviuals who are willing to invest their bitcoins at other stuff than bitcoin , such as real estate , tech companies, etc,.. this company search and provide the top investments you can make with your bitcoins. for example if someone want to purchase an apartment in Berlin, he will have to purchase bitnet coins, and bitnet team will do the rest of the work for him. that will drive the price of BTN up like crazy in long term. and that's why you should invest big in it, imagine big companies who are interested buying real estate and in startups with bitcoin and bitnet, each purchase of 50 btc and more will make btn price go above 0.01 btc, currently trading at 35k sat only early birds catch the worm! i suggest grapping a lot (20+btc worth) before it goes into a bigger exchange such as bittrex next! coinsmarkets.com
BITSTAMP:BTCUSD
by cryptomegabull
6
BTC - Falling DiamondsOnce again we have a possible harmonic! If you followed me through my previous post you saw the completion of a smaller ABCD pattern which ended at point B of the smaller triangle. That then resulted in a push all the way up to 5900 area. So as long as we do not push past the $6020 mark, we have a set-up for another ABCD pattern! My plan of action: IF we fall past the .236 I will add to my short. Since this is only a possible ABCD, I will likely then take profit at every fib level that provides any sort of support. I will then wait for another clean break to short again, or wait for a sign of reversal. My ultimate target rests at the bottom of the ABCD. This area will likely hold a massive amount of support so be ready! Lets hope that this turns into a very profitable trade! I wish you all the best of luck! DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BITSTAMP:BTCUSDShort
by oh92
16
BTC 4 HOUR TIME FRAME BEARISH CONFIRMEDBTC is showing bearish signs - going to short this baby and pick it up later. Los Angeles 10:06 PM. Couple things I would think about while trading BTC/USD. China re-opening one of their largest trading platform Huoboi on October 26th. RSI under 40. MacD showing huge divergence over the signal line. Chikou span crossed over the kijun sen indicating sell signal. (Downwards) I have a couple controversal theories about BTC that might play out before and after China gets back into the market. 1. Before China gets back into the crypto market, (because they have lost a large position in BTC due to Government banning Crypto trading in September) I think China is going to create FUD in order to drop BTC price to get in at a discounted position. If I was a Chinese whale, I would create some sort of manipulation in the market and enter the market like JP Morgan. Though Huoboi is open to trade on the Oct 26th it is definitely not promoted in any celebratory fashion. Very quiet opening. China government can decide to ban mining which would create FUD about the future of Bitcoin. China could announce their own digital currency that will compete against Bitcoin. -Doubt it but who knows! 2. No FUD instead China comes back into the market with institutional money, BTC breaks above the $6000 and everyone is happy. Everyone thinks their are geniuses for predicting that BTC to be $10,000. More headlines about kids becoming millionaires over night with an added gesture of Bitcoin best investment in the 21st Century . Bitcoin breaks $6000, reaches ATH with the help of China's volume and everyone is happy. Volume and price controlled by institutional money forcing Bitcoin to skyrocket. Damage was done. China is trading on other platforms and have no incentive to trade on Chinese platform. 3. Sometime after China re-enters the market, stock market is looking shaky and investors are interested in Gold and new areas. Crypto becomes legalized in United States and exchanges open up allowing institutional money to flow in the billions. Billionaires reap the benefits while the fish gets fried. With the legalized exchanges owned by Goldman Sachs and big banks, existing exchanges will be forced to comply to new laws and end up losing some of their business. Manipulation at its finest so that the legalized exchanges will flourish and the current ones will diminish. With centralized exchanges and big banks utilizing big money, decentralized exchanges are bullied by lobbyist and politics -development for atomic swaps and decentralized exchanges are pushed off and used by the banks on their back end. United States legalizes exchanges for Crypto owned by big banks and politics. More institutional money flow into the Crypto market. Last but not least, existing exchanges takes a hit from big banks and public uses for decentralized exchanges are pushed back 10 years. 4. Continued hard fork of Bitcoin - It will either shape up to be a diamond or be an aged whiskey diluted with too much ice. Hard forks are great when they are not being used to create new coins. This could be a something that is happening in the deep space of crypto that we are not thinking about. If you keep the original coin intact and continue to upgrade through hard forks Bitcoin would strengthen in value and become invincible to problems that are foreseeable in the future. But if you're looking to dilute Bitcoin, chances of replacing Bitcoin for the number one spot is easier when you keep splitting the demand. Bitcoin hard fork controversial upgrades to improve or to dilute the product. Replace Bitcoin for the number one spot with an existing coin or with another coin in development.
BITFINEX:BTCUSDShort
by WiThConFi