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BTCCNY

BTC WEEKLY CHART: "The Panic Zone" THEY'RE BAAAACK! (more)Go back and read my previous published idea. I pointed out there is a huge difference between the Chinese Yuan/BTC chart and the BTCUSD chart. I thought I should show you the difference and speculate where this will end. First the previous devaluation the volume was very small relative to what's going on this time around. That's because the Chinese insiders profited nicely in their first experiment with Bitcoin. This time they are more than doubling down. The final day of the rally previously and the day the Yuan was devalued was the day of the Brexit vote. The news media hardly reported about the devaluation event. This time around it is a complete and expanded repeat. What event is coming up that will obscure the news the Chinese are manipulating their currency in a big way? THE US PRESIDENTIAL ELECTION DAY!!!!! Look for the Chinese to move out of Bitcoin in a big way as the Yuan is devalued again. I'm LONG for another week and look to get out while the BTCUSD price settles back to the major trend line I have illustrated in my previous charts.
BLong
by investigator
2
BTCCNY: trading plan updateDear followers, we have a good and fundamentally backed uptrend here, both boosted by the Winklevoss ETF, and Chinese investors fleeing from China as the PBOC might go with stricter controls in the near future. Price action, and fundamental key levels favor the advance, as well as the 'Time at mode' and RgMov signals discussed before. We can add to longs once again, in roughly 7 hours and 40 minutes from now if we get a dip, using a stop at 4400. We will risk 1-3% on it, and move all current stops higher to that price as well after this time elapses. I'll update the chart with further instructions later. Good luck, Ivan Labrie.
BLong
by IvanLabrie
2
BTC WEEKLY CHART: "The Panic Zone" THEY'RE BAAAACK!Actually "THEY" never left. The volume of Chinese Yuan moving into Bitcoin is off the charts. It's ten to fifteen times larger than the previous Yuan devaluation I noted with the May 23 "Chinese Insiders" chart tag. The current round of volume and valuation have not been completely reflected in the BTC/USD chart. The US investors are still asleep. There is huge upside pressure on the BTC/USD price. Here's what's going on. The Yuan is about to be devalued again. The Chinese government likes to pin the Yuan value to the USD. The USD has been rising against other currencies because of a perceived safe haven from problems with other currencies. My opinion is this perception is ill placed but that is not the topic of this discussion. The reality of the manipulated connection between the Yuan and the USD is that this makes Chinese manufactured goods too expensive and the Chinese government is about to take action to correct this problem in a big way. We have already seen China dump massive US debt. They did this just prior to the previous devaluations too. Hang on to your hats. We're in for a ride!
BITFINEX:BTCUSDLong
by investigator
how much bitcoin would you buy if this was 2012 again?!!bitcoin has been one of the best investments in the last 10 years, how much bitcoin would you buy if you had the chance to buy it at 1$ ? a new coin called ANS antshares has came out , and it has a deal with the largest marketplace in the world - Alibaba. this is pretty HUGE for the coin and for crypto in general. a Chinese bot has bought yesterday 250k$ worth of ANS at yuanbo exchange, this remind me of bitcoin bots when it was under 5$ . so that's a very investment to do and forget about for a year or 2. read more about the Alibaba deal here: siliconangle.com
BITSTAMP:BTCUSD
by altcoins_trading
5
BTCCNY: Analysis update - Uptrend's solid, need further proofI'm currently holding 15% of my capital in non-leveraged long positions in BTC after closing my leveraged longs for a nice 2.5:1 profit, or 10.375:1 if you factor in the floating drawdown while holding it. I reccomend holding if you're long, you can book some leveraged positions, but don't sell BTC you own, unless it exceeds 80% of your Bitcoin trading capital. Between 15% to 80% of it, exposes you enough to profit from the rally, without having too much risk. We have a great rally here, we broke the Brexit resistance, we broke above the previous downtrend mode, the level where bears and bulls battled for an extended period of distribution, where eventually the bears won, pushing prices down sharply. The drop, on the back of fundamentals, didn't cause major technical damage, so it was clear the trend is largely still up. We did buy BTC a few times so far, but mostly swing trades. We can now hold for longer term, since we have more confirmation that the trend will resume to the upside, showing new highs in the weekly/monthly. If you're not long, you can gradually build a 15 to 80% of your capital position here, buying it over the course of a week or a month. If trading with leverage you need to wait for the next shorter term setup, but right now, it's possible that market makers want to scare off retail longs, so we can get a retracement during illiquid periods. Just focus on this: we want to see a daily low, or a 3 day timeframe LOW, sit above the 4402 mark, ON CLOSE. I can't stress this enough. Once we see this, we'll know with certainty that odds favor bulls, and that we can see prices well above the previous high in the future. Good luck! Ivan Labrie.
BLong
by IvanLabrie
12
$BTC chart. Not sure...Im watching closely but have a slight tendency down, or one more up to the 47/4800 level and then down for a retest. Not sure how low, but I think in the worst case to sub 4000. usd/cny, all the positive we win the internet segwit news, even ltc starting its own auto fund it thing, everyone and their dog longing everything, the US going through an election with trump vs hilary. All point to buy as much btc as you can (they say). Anyway made me think to look for a bearish case. Why down? Fibs have good entry to short. Long sideways up without retrace down to test for the last few months. Why up? Vol up Rsi looks ok well see, Im a noob anyway so its not like ill take a rep hit publishing this.
B
by Noobincrypt
BTCCNY: You should be long by nowEarlier today I signaled it was time to go long BTCCNY once again, after booking profits from our earlier entries recently. You can see my fundamental research on BTC events and related news on chart. This is part of Tim West's approach, and a very powerful tool. My clients are long already, you can still jump in if not in the trade, just risk half and add on either a pullback, or a breakout above 4115.84. Stops can go under 3819.92 to be safe, and we can tighten them as we get further confirmation of the breakout here. Good luck, Ivan Labrie.
BLong
by IvanLabrie
5
Bitcoin long term Gann Fan and bullish channelThis is an update for my old post about the long term bull channel, see related idea. Channel has been adjusted and the triangle which played out can also be seen as a gann fan. Fib levels from all time high to bottom of bear market has been retraced to the 0.618 level. Bears aiming to test the support on lower channel line near the 0.382 level while bulls looking to break the gannfan resistance and test the all time high end of the year or in early 2017. I remain bullish.
B
by koryu