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BTCCNY

BTCCNY: News key level updateWe have a new key level, courtesy of Bitmain's CEO, who decided to tweet about his support and potential funding of Bitcoin Unlimited, an alternative to Bitcoin Core development, which could cause a situation where there are multiple Bitcoin block chains, dividing the community. Naturally, this scared some bulls off, and we had a selloff, but I think it's just manipulation, like most news from China turn out to be. Probably colluded with some other groups, like OkCoin, or other exchanges (like BitFinex), they caused margin traders positions to be liquidated, due to the amplitude of the move during low liquidity periods. I'm long, as depicted in my BTC publications, and used this chance to add to my position, increasing it from 30% to 80% account. I'll trim once we have a sizeable rally, and hold only my core 30% position until we hit my long term targets. Good luck, Ivan Labrie.
BLong
by IvanLabrie
8
BTCCNY: Update - Weekly trend intactBTCCNY is breaking above the recent key resistance generated by the news related to Chinese capital controls. It seems that the news were discarded as a rumor, and now investors have absorbed the selling, and are ready to bid prices higher. I'm holding a 30% long position now, since I doubled at 4918 and tightened my stop loss to 4870. My average entry is lower, so I'm holding a risk free trade, with a profit if stopped out. Target is 6555 at least, the retest of the Black Market Reloaded closing key level, or the weekly 'Time at mode' target at 7047.01. This could evolve into a longer term bimonthly uptrend as well, which is currently active, and implying way higher prices, so I will simply hold my position for as long as possible, only closing half of it at my weekly target zone, and trading around the core 15% long term long position from here onwards. You can see how the key levels and the 'Time at mode' analysis have been useful in trading this market, and predicting the turns, where to enter, where to add, where to place stops, etc. Review my previous publications for more information. Good luck, Ivan Labrie.
BLong
by IvanLabrie
11
Bitcoin Megabull Cycle - Resumes December 7-8My last few charts failed to pinpoint the exact Bitcoin top. Their were several potential tops at $680, $715, $750-760 to consider from. In the end Bitcoin formed the exact ascending triangle(s) we had seen in the $465 - $360 range. This pattern is not new for Bitcoin, as a matter of fact, the same ascending triangle pattern formed prior to the Megabull of 2012 after reaching a top at $14 as seen in this chart: Back to the current setup if you choose to take it: Bitcoin hit $750 roughly on November 2nd on all exchanges forming another ascending triangle, and it started consolidating for 36 days in a wide range of $765 - $650. The expected break out date and start of the Megabull rally is: December 7-8 2016 From there we will be able to continue our journey way higher as we head to the "moon". If we manage to hit $1100 Bitcoin could get higher due to increased media coverage and more interest / hype that will bring new money in to the market. Conservative targets are: $1,150, $2,800 Medium targets: $4,200, $8,800 per Bitcoin Extremely high volatile targets: $10,000 - 15,000 Check out my profile for my social media links and website. I am here to help. Feel free to ask me questions or Private Message me directly.
BITSTAMP:BTCUSDLong
by BitcoinGuru
19
Bitcoin Fractals and Bearish DivergencesOkcoin's quarterly futures has been quite bearish and the premium hasn't recovered after each dump despite the spot price recovering and rising. It's premium is actually now lower than that when the new quarterlies was opened. This is something worth noticing despite numerous good news which includes: 1. Segwit (which might never get activated due to BU hash) 2. Yuan devaluation (which is bullish for BTC. but hasn't prove to be so this time) My current sentiment is neutral to bearish. I would have been full bearish if it wasn't for the 2 points above.
BShort
by CryptoSqueeze
BTCUSD index: Buy dips, sell partially on rallies, rinse/repeatThe BTCUSD index chart here depicts an interesting price pattern, a cup and handle in the making. This pattern usually is powerful, specially when the signal coincides with a 'Time at mode' trend signal and is coherent with all the technical and fundamental observations we can make here. I don't personally use it for trading decisions, but it's certainly visible, specially if you look at the highest daily lows, and lowest daily highs on chart (refer to my educational piece for info on how to use that information). The weekly time at mode setup is shown in the related idea below, as well as my trade calls posted here lately. Cheers, Ivan Labrie.
OKCOIN:BTCUSDIDXLong
by IvanLabrie
9
BTCUSD Inverse H&S in progressBTC historically has major support at each of the key levels of retracement from its move down. The order book on all of the exchanges looks strong at $680 and the bears are thin up to 720. $645 is my lowest expectation, BTC rarely retraces this far. I believe the funimentals behind the move down were: - The "news"(/manipulation rumour) from zero hedge isnt really news at all.. - BREXIT parlimenatry requirement. - Gold has already recovered from the shock suffered the US election is incomming next week and i expect the bulls to return.
BITSTAMP:BTCUSDLong
by filbfilb
BTCCNY: Daily is neutral here, weekly bullishI'm monitoring the daily chart in BTC. We have a new fundamental key level to add to our arsenal. We need to see bulls form a daily low, that on close, sits above the 4828.24 mark asap, to signal that the capital controls news isn't killing the rally. This might take a couple days. For the time being I'm holding a 15% long position in BTC, and looking to trade short term dips without closing this core position, and rebalancing if need be. Good luck, Ivan Labrie.
B
by IvanLabrie
6
BTCCNY: Weekly uptrend signalBTC is about to confirm a weekly uptrend here, after this week's close. Unless something strange happens and price suddenly drops under 4310 cny, we can expect the signal to trigger an uptrend to 7047.01 give or take, to be reached within the next 8 weeks. I reccomend holding a 15% spot long position, if not already in, you may go long gradually as price drops next. If not long, or, if you booked some profits like we did, higher, we can enter longs again, if we get a dip to support, between 4600-4700, risking a drop under 4500. The uptrend would still be valid if price retested 4310, but it would make this intermediate term long fail, and postpone the start of this sharp rally we foresee here. Good luck! Ivan Labrie.
BLong
by IvanLabrie
19