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ridethepig | BTC Market Commentary 2019.11.28BTC - After a big wave of international BTC buying yesterday, the London open has been rather calm - foreign accounts continued their USD selling but in much smaller sizes. On the news front, in the evening there was a headline saying “Bakkt Bitcoin Futures reached a record high” - important for those positioning for Bakkt Bitcoin Options contracts on Dec 9th. Still patiently sitting on hands waiting for the breakout which looks ready to come in the next few sessions: We can comfortably lean on the long-term chart as long as the market remains above the widely mentioned 6200.x Overall, I want to be constructive on BTC given relative hawkishness in comparison to other major cryptos, expecting the bid tone to continue with dips being quickly absorbed by the market. Dips in BTC are likely to be shallow from here as we approach the Options launch. I remain bullish BTC, look for a break of 7800 in BTC$ to unlock the significant targets to the topside. Thanks for keeping the likes and comments coming and as usual jump in with your charts and ideas - Best of luck all those buying or tracking the "Bakkt Floor" !!
BITMEX:BTCUSD.PLong
by ridethepig
11
BTCJPY Long NOWMr. Pips says you can long BTCJPY with very little risk here. Mr. Pips' proprietary indicator shows you that the price was strongly rejected at My Indicators Main Trendline/Zone. This is a clear indication that the price is going to go up! There is no other indicator available that will show you these important price zones. This is NOT Murrey Math Lines. These are NOT auto Fib levels. There is no need to spend hours on end doing extensive research or trying to read news reports when you have the right tools at your disposal! Mr. Pips Quote of the day: "Man is a Tool-using Animal. Without tools he is nothing, with the right Tools he is all!!!" Mr. Pips wants you to have a blessed and profitable day! Disclaimer: All information provide by Mr. Pips and IgetPips.com is for educational purposes only and is not intended to be trading advice or trading consultation. You are responsible for your own personal finances and trades!
Long
by TheRealMrPips
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
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
BTC weekly chart. What can we expect?Hi, mates! We want to share our view at BTC. Weekly chart showing, that we are in Bull market. RSI is holding above 50. Reaccumulation continues almost for 3 month. Volume decreasing - typical situation in the end of the pattern. Triangle usually break to the trend direction. Many altcoins showed good reversal sings, volumes increased before pump on #TRX, #BTT, #XLM #ETH Q4 of 2019 will likely be even more bright than the Q1 and Q2, when crypto-investors and traders went crazy. Do you remember the euphoria, its smell, with shouting about growth sounding from every corner? Now the sentiment is negative, which is typical for an ending correction. Many see in it the death crosses, bearish patterns and other things that should drown the market in blood and liquidations. People aren't buying now, but they will later and at a higher price, when the euphoria strikes again. Follow us and our ideas, we will update ASAP and other coins review.
BITSTAMP:BTCUSDLong
by WhiteBit_Analytics
Game of Ladders - The Bull ScenarioOver the past couple weeks, we have seen overall sentiment of the market gradually switch to bear. Though this may hold true, I though I would share this bullish fractal pattern and possible trading opportunity. The chart above shows Bitcoin currently sitting just above a long term pitchfork support. This is the second time testing this pitchfork support which is happening in a very similar manner as on June 10th of this year. The arrows above are there to point out the similarities. Not only that, but the previous test of 9050 was a perfect hit of the .236 fib extension from the swing of 19k to 3k. Other Minor Reasons: - Currently above weekly S1 pivot support. - Volume Extension showing seller exhaustion The Trade: Entry 1: 9400 Confirmation: 11150 Entry 2: 11150 Target: 17000 Stop/Loss: 9050 With the overall sentiment changing to bear, this may not hold true. However the fractal and opportunity is here. I hope you all found this article interesting and maybe even a little helpful! Wish you all the best of luck!
BITSTAMP:BTCUSDLong
by oh92
9
Bitcoin Bear Needs a BreakAfter roughly 30% down, Bitcoin has formed a multi-day disjointed angle and a rough formation of an Inverse head and shoulders pattern. Thus creating excellent trading opportunity for those sitting on the sidelines. I apologize for the delay, at the time of this publication BTC was Testing Entry 1 displayed above. We may get lucky enough to test again, or possibly Entry 2 a little further down. The trade setup is as follows: The trade: Entry 1: 10255 Entry 2: 9931 Target 1: 11450 Target 2: 12490 Stop/Loss: 9200 I hope you all found this publication interesting and maybe even a little helpful. I wish you all the best of luck!
BITMEX:BTCUSD.PLong
by oh92
3
Bitcoin — will the collapse continue? From $12000 to $9000Why? Bitcoin — will the collapse continue? From $12000 to $9000 1) Bitcoin CME Futures We have one Gap from $8500 - $9000 in 95% of cases, the market usually covers such gaps with the shadow of a candle or the body of a candle. 2) FOMO right now is maximum and EXTREME GREED Bitfinex Longs and Shorts: Longs = 82.70% Shorts = 17.30% when you see such a picture the market usually goes against the majority! 3) Fear & Greed Index - 62 right now Yesterday = 83 (Extreme Greed) 4) Launch Binance Margin 2.0 (x3 Leverage) People buy or buyed right now Bitcoin and after that can close marginal long positions. 5) China Hang Seng Index (Chart Like Bitcoin) ;) I do not recommend using marginal positions !!! The best solution is to wait for the fall of Bitcoin or buy altcoins!!!
Short
by UnknownUnicorn285026
5
good traders prevent the worst chaos modestlygood traders prevent the worst chaos modestly mark my words! (not my charts) (your personal definition of chaos might just fit your mode.) once altcoins dump, then BTC might celebrate market share >60% for the last time! data.bitcoinity.org -Bitstamp (least shady trackrecord) :: significant for signigifcant TimeFrames! -itBit too, but fewer, bigger users. Might be significant for short TFs -no exchange rules crypto! (including Bitfinex Walls. May only matter for shorter TFs) -Bitmex: Largest volume = Fulfills some of the wishes, that other markets are not fast enough for. Use it to analyze day trader's ("gambler's") insanely short TF's. ( www.bitmex.com use my ref link on your own risk with a small portion of your money. Set stops and traling stops before you open positions. I may listen if you lose - but you dont need to in the first place, like the other 90% of people)
BITSTAMP:BTCUSD
by fineregex
good traders prevent the worst chaos modestly good traders prevent the worst chaos modestly mark my words (not my charts) (your personal definition of chaos might just fit your mode.) once altcoins dump, if soon, then BTC might celebrate market share >60% for the last time. data.bitcoinity.org -Bitstamp (least shady trackrecord). significant for signigifcant TimeFrames! -itBit too, but fewer, bigger users. Might be significant for medium(short) TFs -no exchange rules crypto (including Bitfinex Walls. Only matter for (very) short TF) -Bitmex: Largest volume Fulfills some of the wishes, that other markets are not fast enough for. Use it to analyze day trader's ("gambler's") insanely short TF's. ( www.bitmex.com use my ref link on your own responsibility with a small portion of your money. set stops and traling stops before you open positions. I may listen if you lose - but you dont need to in the first place, like the other 90% of people)
BITSTAMP:BTCUSD
by fineregex
Bitcoin Could be Due for a CorrectionCorrections are needed for more upward movement :) Bitcoin is currently grinding the top of the channel which has taken weeks to form. One would think that gravity should pull us down, however the news articles, forms and chatroom's seem to be full of people believing that this is a new bull era.. (which it could be) Looking at the TA: Bitcoin is currently sitting at TL resistance within the channel and wedge that it has been forming over the last several weeks. The chart also shows us sitting just above the 2.618 fib resistance level created by most the recent swing at the bottom. This level marks the completion of a bearish bat which if Bitcoin does not smash through, then we will likely be dropping south out of the wedge and maybe even the long term channel. My plan: I have already sold my holdings and opened several small shorts from 5800-5900. I am hoping to close these near the TL support which is around 5200 USD. IF the harmonic bat holds true, then Bitcoin could get a retest of the breakout around 4300. The major pairs in the market have seen nothing but upward movement for weeks. It is only a matter of time before we get a healthy correction. So just trade carefully and try be prepared.
BITMEX:BTCUSD.PShort
by oh92
3
Bitcoin | The Chart No One Is Looking AtThis is the most likely scenario for Bitcoin (BTC) in our opinion. DISCLAIMER: Axsonex are not registered financial advisors and no information we provide is intended as financial advice. It is our opinion and nothing more. This report is for informational use only. Trading and investing in Cryptocurrencies is extremely high risk. Ensure that you conduct your own due diligence before deciding to invest in any asset. We have not/will not be(en) paid to endorse this project. You are responsible for all actions you take as a result of reading/viewing this page.
by Axsonex
1