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Btceuro

Bottomless or reached bottom?Hello there beautiful person! How are you all feeling after a red week in stock and crypto market, with still even more red day today? Are you looking for buy-in, or selling to cash out? On my part, I did not expect this heavy drop in crypto this fast. I expected a drop, as I do with gold price before it goes up, but not this fast and so hard though. BTC/Euro is at a very interesting point right now at 5044, and it crossed a very large support line at 5268. The million dollar question is: will the price hover around that major support line or not? Next support line after 5268 is 3680, and that is the support line I think is the most likely bottom. However the optimist in me tells me that 5268 is the lowest low we will have this time around, until next bad news comes our way. Personally, my buy order got activated around 6500 so my cash is spent; and now it is time for me to watch this unfold. Wish you all a safe week, and dont forget to wash your hands well.
by egilagre
Bottom confirmed but not a bull market yet!BTC finally broke out of the descending triangle it was stuck in for the last 6 months. The recent price movement also broke the 200 EMA which is a good sign that we might have finally hit the bottom on 18. December at € 5.8k. Still that doesn't mean that we are in a bull market yet. The incoming retrace will confirm or disprove a bull market. If we can find support at a higher low than recent lows (say € 7k) this would be a strong sign that we're entering a bull market. If we fail to hold 7k I would expect a rather long sideways move or even a continued bear market for at least another month or two.
Short
by substance90
ridethepig | BTC Worm In The AppleBTC - Choppy trading persists - a touch of excitement as we break back above the prior downward sloping trendline from last week, however the market is mindful that $ shorts are becoming more widely expressed and I am awaiting the spillover into BTC via the next key risk driver. Expecting BTC dips to continue to be met with demand/covering interest and a close above 7250 is needed for us to get excited. Largely ignoring broader cryptocurrency gyrations and heavily XBTUSD, EOSUSD, ETHUSD and XRPUSD influenced, intraday. For the execution here we have infamous Worm In The Apple alerts triggered... In usual circumstances it will be a good opportunity for bears to load, however smart money who understand the macro flows in play will ping the lows into year-end. On the longer term chart we can comfortably lean on BTC: Thanks for keeping your support coming with likes and comments! As usual jump into the comments below with your views, charts, questions and etc.
BITMEX:BTCUSD.PLong
by ridethepig
1
Short or long? who knows, but according to the Technicals.... Hi again, and a hope you all are having a great start of the winter season and Christmas coming up around the corner. I cant wait to unwrap my gift from BTC and see if it is a present of joy or of terror. Now, looking back on my previous post and chart with trendlines, it seems that the market price is "slithering" it ways on the downside of that triangle. The good news is that it has not dropped far from the triangle, and that is a really good news. However, the support line in the triangle (at 6826 Euro) has become the resistance line. Changes: I have added a new triangle from the current price movement, and playing around if that is the new trendline. Regardless, I kept it to see at the comparison and time will tell. Chart: 4 hour chart of BTC/Euro pair from Coinbase Conclusion: The price have been below the original triangle (in black) since late November with a small peak over. In 4th December the price blew past the resistance line at 6826 Euro, with a sudden sell off. That sell off concerns me a lot, and seemed almost like a controlled "dump". Probably was not controlled, but regardless it seems like there are some big money at that resistant level that should not be forgotten. With this in mind, I think that it would require a lot of momentum (Like a big news event or something) to break that resistant at 6826, and it is a place I will add a watch on in tradingview . If this resistant line is broken, I do not think we will see a break out from the trendline (triangle in black); but continue its journey inside up to end of december. Why is that? Well, because we have not seen any much increase in volume even with good news that have been released, and there is no Technical Indicators (that I can see) that are a very "tell tell" sign of bulls or bears. The Coppock Curve has crossed into positive side which is a good thing, and both RSI and stochastic is improving; but it is too small of a change for me to risk anything. My strategy now is to put another buy order in at a very low level (5260 Euro), when my transfer arrives in coinbase, just in case it falls off. Why am i not putting in a limit sell order? -- Because it is too risky at this level. As i see it, it is just as probably for the price to drop and rebounce again, leaving my sell order at a nasty place where I have sold some BTC and now the price is back up again= loss. I would love to hear what you are doing right now though. Buying, selling or waiting?
by egilagre
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
BTCEUR, Let's see what direction it takes.TREND MACRO ANALYSIS ANALYSIS BTCEUR, The next level and waves of the market on Coinbase. This is a macro triangle pattern of BTCEUR until today. If bitcoin will go up to more the dynamic resistance (green direction) the operative level of the market for the next days will be in 11.600 and 13.417 Euro. Otherwise (red directions), if it continues in the bull pattern, but in a descending phase , probably will going to 8.000 and 11.000 Euro Let's see what direction it takes.
by gabrielestampa
2
Power of speculation - BTC 12% down in a bit more than 24hoursWe are obviously after a massive bull run which resulted that price dived into 9k EUR for some short time, but we had a nice bounce back to almost 11k. I have to admit that Bitcoin trade in the recent days wasn't very exciting, more like bears playing on shorts mostly, but without another big sell off, price wouldn't be going down that quickly, so what is happening? Speculation. Speculation is always present, no surprise. If you hold enough Bitcoins you can suppress any movements, trying to push the price up, by constantly selling similar or larger amounts than purchased coins - this is what is currently happening on Coinbase Pro. Let me know what's your view on that?
by devonuk
Bitcoin on ascending line - WARNINGBitcoin is currently on ascending line, so wait a bit with getting back to the game till we change the trend. I was suspicious from the beginning looking at Coinbase Pro, where I didn't see people trading but price and volume was going up - bots were buying step by step all on the way to the top, periodically selling some coins back - surprisingly not many people wanted to sell, so that journey was quick and easy. Yesterday life on Coinbase Pro came back, people started trading, like in old days before we crossed the last (real) resistance on 8400EUR. Not for long - as soon as we hit another resistance of 12181EUR (we had two more tries but resistance was stronger), the bull run started. How low can we go? I'm interested in your answers, comment!
by devonuk
Bearish Wedge Plays Out Nicely! Here's what they won't tell you!WOOOOAAAH ! What a time in crypto. As I have lined out here the bearish wedge played out nicely and what a good time it is to be short. Market sentiment was rather bullish and as expected a correction was due. What kills me is the moon fans that seem to never learn but instead follow their favorite YT personality. The 2 scenarios I saw a lot on here was we are going to the moon or I'm shorting at 6k. Yet, when traders seem to have the same idea the opposite occurs. With so many traders waiting for BTC to reach 6k to short, the market proves it's time to start shorting now.Being stopped out several times during this uptrend it was the smarter move to keep entering short positions. The problem with new traders is first they're long then they're short what no clear direction of which way this market may turn. the typical mindset is I see A GOLDEN CROSS and now it's TIME TO BUY. After seeing this huge mega candle we shall see where the market takes us before entering into a trade. Take care and trade responsibly. - Meta
BITFINEX:BTCUSD
by Metaskriptz
4
BTC USD SOON BOTTOM!!!! BTCUSD monthly view: From 1 february 2018 it s situated into a huge falling wedge which is a reversal pattern.What means this? When we break this pattern(wedge) we will see upward movements and BTC will be switched from bearish to bullish(We will see some gains in BTC+Altcoins) At the moment we have more room to drop,is very important to remain above neutral zone to be bullish in long term.To have a nice bullrun we need SMA/MA below PRICE to acts as support. RSI below neutral zone which will confirm this bearmarket and it s situated into a falling wedge. In near future market will not be too volatile. Stochastic RSI Oversold Keep in your mind,firstly is a falling wedge which is a reversal pattern so yes..we will not go to 50-300-600 or 800$.2nd important thing is RSI is situated also into a falling wedge if price will go to 600-700$ RSI will go below 15. 3th important thing,don t believe in big traders(With much subscribers) because can be payed to make huge FUDs and fake news. Guys only accumulate strong coins! Good luck
COINBASE:BTCUSDShort
by CryptoC77
7