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ridethepig | BTC Market Commentary 2020.06.17📍 A highly interesting move for BTC would be followed by triumphal progress at the $9,000 lows again... The main feature of interest to me is the lows played on 11th and 15th June. It has a strong bid as a barrier and was well backed up, by the 2nd June lows. The next climax to the attack can begin over the coming sessions, what we need to be asking ourselves: What are the chances? Why would they buy that..? Start writing things down... If this goes up? Why would they sell it... write stuff down. You can build a powerful argument, getting under the back of a successful halving, confidence in governments and risk appetite etc. I hope this gives you a good idea of how to find cheap discounts - if you are a buyer, you start to look below... look for context; where am I? You can say you will pass on $9,000 but instead stick a limit in at $8,900 ... sure something can happen outside of markets on the virus front and we may have to work it out, it might be bumpy, but we can pan the idea, as long as we keep a cool head you can ride through the bumps. Lets get it done. I'll leave it at that....Hope it helps to make lives easier, keep at the grind and keep the feedback coming!
BITMEX:BTCUSD.PLong
by ridethepig
5
Bitcoin - H&S and then moon!?Bitcoin - H&S and then moon!? Hey guys, hope you all are doing great :) If you like my work leave a like and a follow. So today we are back with some Bitcoin Charting and we see a nice channel moving between 9400$ and 9600$. As well we see a high possibility for a head and shoulders formation with the right shoulder at 9460$. Of course for now, it is not confirmed, but you need to be prepared for this action. Until we see the breakout over 9600$, we will be in the noted channel. The RSI and MACD trends are also broken and we could find a support on macd in the zero black line. Lets see how it plays out :) I will update you guys on this scenario so leave a follow if you want. Best Regards, cryptography
COINBASE:BTCUSD
by cryptographyYT
1
Where Bitcoin Price is moving from here ?Hi all, I am back very quick with new bitcoin chart. In this I decided to explain various scenarios that could act and how we can tackle the situation. Daily Chart : From daily we can clearly say that the trend is extremely bullish however last candle is deceptive so from daily we can conclude that trend will result in upward movement if daily candle ends green along with follow up candle starting green. Else daily candle turning red is a clear sign of rejection whose trend will be based on larger time frames as discussed below. Weekly Chart: Weekly chart again little bearish but new week started green which can yield in a very positive upward movement however bad news is we can't conclude a week strength in few hours of weekly start so we are totally reliant on daily candle performance. So as discussed above if daily candle ended green along with follow up candle also starting green, weekly chart will boost the upward movement that will result in 11-12ks very soon however daily candle ending up red or follow up candle starting red can result in a good dip of weekly bars magnitude. Monthly chart: Monthly chart is Bullish so there is no need to expect heavy dips like 5k-6k range but we can see it may also retrace before next rise as you can see last 2 candles may favor tiny retrace (lacking retrace will beast mode bullish movement). So if you are a BTC holder just forget about btc trading and enjoy the normal work as it will only go up with or without retraces. My conclusion in simplified version: "Buy BTC if price crossed 9800(stabilized without a wick) else, Sell BTC if price hit under 9200(stabilised without a wick) as you can buy later down the price. If price stay in between 9350-9750, just stay out of the game. If there are quick wicks strongly avoid them from trading as volume is so low." My Guess : My guess could be wrong and not advised to trade, but based on some experience I can favor bears a little here but again if bullish scenario met as explained I will support the bulls and start buying. NOTE : Please feel free to like the chart and follow me if you like my work Best, Budha
BITSTAMP:BTCUSD
by UnknownUnicorn6209745
3
#BITCOIN The road to 10500$welcome everybody Please support the idea by pressing the like button Today we will try to know the coming price movement As we expected in the previous analysis, the price is still positive and has another rise, and this is what is happening now. See the idea below What now ? We also see that the price started to form a triangle if the price remains inside it will rise to 10500 And this is for sure the most important thing is not to breach the 8600 price and keep the price above it In relation to the Elliott waves, the price has not finished wave 5 yet Do not forget to follow the idea to receive each new update Take Care !
BITSTAMP:BTCUSD
by SALAH-LH
6
PAY ATTENTION TO THIS LEVEL ON BITCOINSo we are facing a retest of the red trendline. I've seen lots of people posting triangle bullish patterns (and that's ok.. ) but I personally think that we should focus on volume. And for what I'm seeing, volume is still decreasing. To me at least, that's bearish. The key zone for bulls is 9350$, let's see how the daily candle closes today. My personal bias is bearish, we are still forming lower highs on higher timeframes. Hashrate is still decreasing, the fib on the chart could play out if we can't break 10k. Safe trading
COINBASE:BTCUSDShort
by CryptoJohnn
Finall call to 11k in less than 3 weeksHi, All I am back with another new chart confirming 11k in less than 3 weeks. I had my last chart suggesting the same but we luckily retraced twice into 8800s where whales bought as you can see here: Since major players acquired BTC here chances for it to dump are very less untill they sell. In my opinion they may not sell untill they see lows like 8600s in which case when they sell we could see price in 7k range again. But good news is that as long as we stay above 8900s chances for 11k are as near as 3 weeks in my guess. Lets see how this will play out. Please press like and share if you find it helpful. Best wishes, Budha
BITSTAMP:BTCUSDLong
by UnknownUnicorn6209745
8
ridethepig | A Game Changer Break For BTC! Awful macro prints from Europe this morning, expectations of those betting on a quick V-shaped recovery will be rectified. BTC is entering back into play and offers protection on the risk side, it is evident that a compression range is about to blow, a break of $10,000 will trigger momentum as any remaining shorts are forced into retreat. The flows must be managed more skilfully as we enter into the next chapter in risk markets: buyers must not lose tempo here, making a breakout on the log chart is a game changer for BTC. For the flows, we are sitting at great value levels for a zig-zag is in play via $14,000 => 10,200 => 21,000 It is obvious now that the FED and other CB's are funding government policies, Keynsian economics is now at odds and we must begin to position for protection on the private side. This positioning in BTC is becoming a hedge against governments, and a "corridor swing" towards the $35,600 highs would mark the end of this impulsive third wave of a five wave sequence. The chart more or less exhausts all there is to say about the upcoming swing. We can tackle the intricate legs live in the comments if there is enough interest... Good luck!
BITMEX:BTCUSD.PLong
by ridethepig
#BITCOIN Weekly analysis - Ascending trianglewelcome everybody Today we will try to understand price movements in the long run We notice that the prices are still achieving bearish highs and there is no confirmed bullish signal We also have bullish lows, if we see the chart from a distance look, we will find that there is a bullish triangle complementing the trend Now it is not possible to judge the price that it will fall or complete the rise, we must wait for confirmation If it breaks through the top of 10500$ and a weekly candle is closed above it, it will be very positive
COINBASE:BTCUSD
by SALAH-LH
1