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Where to enter $btc to catch the new wave !$btc showed great strenght/momentum from <$4k to ~ $14 and we haven’t seen this kind of strenght ever since. What does this tell us? The move upwards was most likely the longer current trend and the current downward movement is a correction. This correction reached the 61.8% fib level, but as it’s a wave 2 it could reach new levels. It’s actually not so relevant where the bottom will take place ($5.2k is the next level with the purple dotted line as intermediate, strong, support). What is relevant to keep tracking when $btc breaks out of the current channel. An upward breakout would kick-off a new wave (3) up which should be stronger then the previous wave. As long as $btc moves within it’s channel, an alternative (bearish) count is still valid so the risk/reward of open positions is much higher.
COINBASE:BTCUSDLong
by Ralphho
TraderTroys S/R Cheat Sheet until the Halving.Hey Everyone! I love having material to refer back to, so I've gone and created the ultimate cheat sheet for all horizontal support and resistance along with two trend lines from the Monthly scale of $XBT's inception until now. Two points is a touch, a third is confirmation. They finally overlap, funnily enough during our next $BTC halving. We're yet to close on the monthly scale under this trend line. So will be one to watch! This chart is done on LOG scale, so fibs and trend lines on LOG scale. Also, take note that these trend lines only account for $XBT's chart, earlier price action has been ignored. Okay, Key To Reading The Chart: Green Block = Monthly Order Block Blue Block = 3 Weekly Order Block Gold Block = Weekly Order Block In order of closest to furtherest from Published date price action: All time low to all time high fib's All time high to 2018 bottom fib's 2018 bottom to 2019 top fib's Weekly Pivots 33% / 66% from all time low to all time high 33% / 66% from all time high to 2018 bottom 33% / 66% from 2018 bottom to 2019 high 25% / 50% / 75% from all time low to all time high 33% / 50% / 75% from all time high to 2018 bottom 33% / 50% / 75% from 2018 bottom to 2019 high 10% / 20% / 30% / 40% / 50% / 60 % / 70 % / 80% / 90% from all time low to all time high 10% / 20% / 30% / 40% / 50% / 60 % / 70 % / 80% / 90% from all time high to 2018 bottom 10% / 20% / 30% / 40% / 50% / 60 % / 70 % / 80% / 90% from 2018 bottom to 2019 high
BITMEX:BTCUSD.P
by The_Paradoxed_Prophet
1
The New Bitcoin Trend?Although timing has been difficult, I remain bullish and expect momentum to build on this move. Rallies back above $9,000 will no longer attract selling interest and there is little in the way of near-term resistance. Looking for more opportunities to buy into dips. BTC will be sticky ahead of the key Bakkt Floor and ahead of a breach there are better expressions of further downside in this view. Support in the near-term into $7,600. On the technical side, we are right back to the bottom in the range, the same lows we have been eyeballing all year long. For those tracking since the infamous "Bakkt Floor": Nothing has changed with the lows still holding. Bulls are not giving up and it will start sending loud messages to those who do not see the change in trend coming. A breakout of the dashed trendline will give enough to expose the important $9,000 resistance followed by my main target at $11,635 with extensions towards all time highs for the lottery ticket. Tonight's Tokyo session is key, however I sense the BTC longs have been sufficiently cleansed that we can now begin to trade this with a reactive stance. A rise in risk will be accompanied by fresh BTC demand. Best of luck all those in BTC and other Cryptos.
BITMEX:BTCUSD.PLong
by ridethepig
2
$BTC - Is up the only direction from here?Daily Kumo Support Order Block Support Weekly Pivot Support Multiple Fib Support Trend Incline Support. I'm long. Averaging in a long for financial freedom. Closer to 8k the better, already tapped into my buys twice. I am expecting price action to be shark like in nature however, with some liquidity grabs down to 7.7k, but my plan still stays, I think we're at our bottom for 2019. 6 Months from halving. CME futures close coming. BAKKT volume increasing tenfold. Fundamentals have never been better. Bitcoins reputation has never been better. Long for financial freedom!
COINBASE:BTCUSDLong
by The_Paradoxed_Prophet
1
Could we fill the CME Gap ?Since this massive spike it seems the bullish sentiment is expanding quickly. Which is excellent. Bullish sentiment is something that we need in order to continue the run up. However, when taking a closer look at the recent leg on larger time frames. It appears to be nothing other than a simple retest of the major resistance line down, and the bottom of the daily pennant that was broken down from just a few weeks back.. Until these lines are broken it will be very difficult for me to add leverage positions with confidence. Demonstrating the retest and major resistance: Since I not leveraged, I am doing my best to search for major support. At the moment, it seems that 8700 could be that level . Here's why: 1. At 8700 we have the 50% retracement from the recent top. Which is also the same retracement level that we hit this last bounce from the top. 2. Based on the range that we created the first weeks of October, 8700 should provide decent horizontal support. 3. Last but not least, 8700 also marks the bottom of the CME gap that was created over the weekend! Now I have never been a gap trader, however with the additional technical support, it seems like a good place for me to put my money. Also note: We have yet to break back above major resistance. Trade carefully. I hope you all enjoyed this article and maybe even found it a bit interesting! Wish you all the best of luck!
BITSTAMP:BTCUSD
by oh92
6
BITCOIN - BTC Strength and Alt Weakness = Incoming PumpThe weakness in the alt market after BTC's jump the other day makes me think BTC is priming itself for a final wave 5 pump to the top of the channel. I'm going to set a target price of ~$9300, but think we could hit resistance anywhere above $9,000. I think that will be a good area to exit if you are moving into USD. I will also have my buy orders ready for some exhausted alt selloffs ready to quickly rebound. If BTC takes off, be prepared for a strong alt selloff so make sure you're in BTC for the ride up.
Long
by jpbrown1023
When to Buy Bitcoin and sell, rebuy for next 5months?hi guys. today, another gloomy day since btc broke down 200MA. this indicates that btc will go for at least 4~5month of bear market before it will go back to 10k's. so, we all question. when to buy btc now? when to sell and rebuy? the answer is all in the monthly btc chart. as you all know, btc has followed almost the same pattern as always. parabola growth/triangle breakdown/retrace/consolidate and grow again. easy pattern. so now is time where, you have to look at long terms. expecially the monthly chart. see, after btc breaks down the parabola, and the triangle, there are two moving averages, and the down trendline all the way from the top. 9ema, and 21ema monthly. 9ema is blue line, 21 ema is orange line. so btc always bounces from 21ema up to 9ema at least once, even it is in bear market. after that it could bounce a bit more from 21ema, but it will break down. so, point now in october is there is chance for buying from 21ema(now at 6766), and sell above 9ema(now at 7800). the first bounce will be harder, i believe it will surpass 200ma(8300) and go to around 8800/9100 zone. now, that swing trade will come in october. i think around october 10th~15th, to November early. that 21ema is also the bottom line of the support zone from 9600, so that also boosts this idea. after the bounce retrace could come all the way back to 7k zone, and minor bounces can happen. however, in November or latest January, i think it will break down 21ema at 6800, and fall all the way down to 4000/5000 area. i believe that will be the final capitulation. and it will break downtrend and go up to 10ks. that will be good spot to buy. so simple right? this key rule i believe is fine to cope with. so one swing trade coming up now i believe. the price just broke 200MA at 8300. so do not buy in at 8k zone guys. of course, i do not think you would lose money in a month term, but try to buy lows from 7400/7500 zone to 6700,6800 zone. even if price cuts through 6700 zone, i do not think it will close under 6700 monthly wise. so my idea is this: buy btc or altcoins at 6700/6800~7500k areas in coming 2 weeks and sell above 200ma, i think 8800/9100. it might not even touch 21ema at 6800, 7k area, 7000~7500 could be the last. but knows, this crypto world. happy trading!
BITSTAMP:BTCUSDLong
by Turningmecard
BTC is bullish! Hi, mates! Local situation is bullish. The lows haven't been renewed. Each one is higher than the previous one. We see a volume decrease during the fall. Stop orders caught under $9900 (pivot from Sept 11th), as well as the price coming back to the main trading zone aren't favourable for the bears. They didn't manage to create a lower low at high timeframes. The price is in the local descending channel, which also supports the idea that it's a correction, not an impulse. We're expecting the market to go up from the descending channel towards targets above $14k. Stay tuned and follow us for updates.
Long
by WhiteBit_Analytics
BTCUSD IS BACK BABIES Without getting into too much detail right now I’ll come and update later on my tp 1.2,3 timetables & updates figures. I’m way too jaded right now to say anything other than: When in doubt, zoom out ! BUY BTCUSD!! Stop & 10,044$ though I believe we are on par for a new ATH settlknt slmewhre around 12.2-12.8K I’lleg again will update mich more than this layer just use the horizontals as always for yout-financiall experience rather friendship advice from one idiot to another; neither having no professional affiliation with any corporate entities (allegedly) Okay I’m drunk late cut to the chase: DISCLAIMER THIS IS NOT INVESTMENT ADVISE ITS A FUCKING FACT MATH DOESNT LIE. just joking y’all obviously this is not real advise so don’t take it wrong I’m working on my comedy act of pushing the envelope On pc culture
BITFINEX:BTCUSD
by a1mtarabichi
2