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Btclongs

About BTC'S SHORT x LONG x PRICE We will never know: Is the player alone in Bitifinex ? It is happenning at anothers Exchanges ? He could be playing at futures as well, been long at one perpetual, or a option contract. We can't know. that. The only thing we can do is Speculate about, and There it is: At First, we have to understand that he took the distributed market and applied a bilateral liquidity injection, in other words he went in long and short at the same time, as the market was distributed he gave in on the weaker side. So he took part of the profit from the short position, going long after. Then the market starts an Accumulation, with long positions increasing and short positions decreasing, while the market lateralized. After fully positioning himself in the long position, while the market went down a bit, he applies a FUD on the BTC, going heavily short when the price reaches the top of the range. It works. it knocks down the market !! But something happens. The price refuses to go down any further. It falls into the bear trap!! But he's a tough guy, he won't let it go! And he increases his short position showing strength. He plans to buy at FUD again i think ! Here is the proposition of what can happen: If the price touches the trap line again, at 37.300, it can push a little harder and try to FUD more... But at first this attempt was already lost. If he folds and turns his hand over, closing the 15k btc short position, he could put the price at 50k again, or even more.
BITFINEX:BTCUSDSHORTS
by OUTSIDERTRADER
4
#BTCUSDT Moving Sideways but this is what I expect.Hello guys, hope you enjoyed your weekends. I took a 2 days break which was much needed. Let's start this week with this BTC Update. Bitcoin has been trading under this descending channel since the last 1 week. Breakout to the upside can take BTC to 62k level. While I expect BTC to hit the 54.8k to 55.6k level again a breakout to the upside is possible. BTC is mostly moving sideways providing an opportunity for the altcoins to pump. Conclusion:- Unless BTC breaks and closed above the 21D MA a retest to the 54k to 55k level is highly likely. Do hit the like button if you like my updates and share your views in the comment section. #PEACE
COINBASE:BTCUSD
by Cryptorphic
5
BTC Weekly Outlook (FA&TA)“You are a child of the Universe, no less than the trees and the stars; you have a right to be here. And whether or not it is clear to you, no doubt the Universe is unfolding as it should”. ---- Max Ehrmann Did you pocket the 12k breakout? Cheers! I will be on vacation first week of November and might not get around to publishing the next weekly overview. So do consider the analysis here for the coming two weeks. As we are approaching the long established 13.5-14k resistance (much stronger than 12k), the question now becomes, is this the temporary top or will this resistance send us back to the land of doom. Our take is the former. Fundamentals are still looking solid, and daily RSI, MACD, Elliot Wave are all pointing to continued bullish momentum. Most importantly, retail future mkt sentiment is nowhere close to overly bullish, which generally occurs before large corrections. For the short-term, however, we are over-extended, hitting quite a strong resistance, and w/ a short-term EW sub count finishing 5 waves soon. This means, I will be considering some profit taking and will re-enter on conservative support levels. Key Fundamentals: 1. Smart money action: Grayscale raised $1.05 Billion in Q3 (its ATH quarter since inception). Do note, Q3 BTC price’s much higher than that of Q2. Along with on-chain proof of smart money accumulation & the 50% increase in USDT market cap since late August, there’s no doubt larger players are accumulating, and at 9k+ prices. 2. Miner action: BTC mining difficulty is now 10x higher than that of end of 2017. This means, firstly, the security of the bitcoin network is improving significantly despite the price decrease compared to the 2017 20k ATH. Secondly, miners are profiting ever since the March capitulation, and more miners are joining the game at the current price level (the 11%+ difficulty adjustment was made in September). 3. Market Sentiment: Overall market sentiment is now on the bullish side. On-chain data shows a potential cool down needed, which is consistent with the technical short-term bearish view. For the seller group sentiment, this group is still in a bull trend. Considering we are now approaching a key resistance level, a “decr. in supply” alert is likely for the next bull re-entry. 4. Margin & Futures Market Actions: Daily chart speaking, the margin market has been on the bearish side since the drop to 10k. With longing being a much easier strategy compared to shorting, it’s much harder for the market to have a bearish sentiment compared to a bullish one (left alone the constant interest rate component). In other words, prolonged retail bullish sentiment may not turn into a bearish price action and the price may go up higher with the sentiment being more over-heated. However, prolonged retail bearish sentiment often turns into bullish price actions. We are now net neutral. Do note retail margin sentiment was net bearish, neutral, then net bearish again before breaking 6k in May 2019. 5. CME Gap: Opened gaps everywhere, but not as significant compared to the other perspectives at this point. To me, the significance of gap filling is rather short-term. After a week, even though the gap could get filled, it’s extremely difficult to trade on as it’s impossible to know when the filling event will occur. Key Technicals: 1. Resistance now at 13.5-14k. Support around 12.35k. 2. Elliot wave: see chart above. As mentioned last week, I believed in a 70/30 probability between the bullish and bearish counts. With the current development, the bearish count is completely invalidated. Can we have an alternative bearish count? Yes, we could be in a leading diagonal finishing wave 5, but there are many issues with this count. Thus, a very small likelihood. 3. RSI bullish: Daily RSI looks bullish. Bull trend support (40) held, and we are finding support above RSI’s MAs and the 60 lvl. MA up-crossed. This is as bullish as it gets for RSI. (Be careful using bearish divergences in the coming weeks. They could keep forming with price getting higher. For scalping, at least use bearish divergences and EW together, or targeting only 0.236 retracements.) 4. MACD bullish: Daily no sign of losing strength yet. Please share your thoughts with us! =================================================== 🌐 We believe in the power of blockchain data analysis! ===================================================
COINBASE:BTCUSD
by Phi-Deltalytics
32
#BTC/USD Ready for $12k?Hello everyone. Thanks for coming by to my new Update on BTC. #BTC seems to be going a bit sideways for the next few days. The long term lower trendline support turned resistance is now broken and could easily work as a support. Other Important Support Levels: $8700, $8300 and 7982 which also happens to be the 200D MA. I think if we can break above the Orange Triangle we BTC will officially enter into a new BULL RUN. IMPORTANT RESISTANCE LEVELS: $9300, $10400 and $11800. If BTC manages to break above these levels we can easily see BTC reaching the $12000 mark after that we can witness a huge retracement. All that we need is BTC to hold the lower orange line as a Support. Break below this could lead btc to low 6ks and even 5ks. Unlikely but possible! Stay tuned I'll update other ideas with shorter TF for you to understand. #Please hit the LIKE button If you like my charts and follow me for such updates. Thanks again. #PEACE
COINBASE:BTCUSDLong
by Cryptorphic
6
#BTC Dominance weak! More gains for alts?Hello everyone welcome to this quick update. BTC had an amazing day yesterday. People who followed my 9k strategy when btc was hovering around 7200 must be in big gains. I sold 40% of my BTC around $9300 and bought back around $8500. Good scalp and increased by BTC stack. COMING BACK TO THIS CHART: Dominance is retracing so far and IMO it will either get a bounce from .382 level or .50 level which will eventually allow traders to make some more profits from Altcoins. I believe BTC COULD MOVE SIDEWAYS for few days which will provide room for alts to grow. I would suggest holding maximum percentage of your Portfolio in BTC. MACD -> Approaching bearish crossover MA 200 -> COINCIDES WITH THE O.5 FIB LEVEL SO THIS POINT SEEMS LIKELY to me to be retraced soon. I'll update more charts stay tuned and hit the like button if my work helps you in any way. Thanks again #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
#BTC Facing Important Resistance.Hello guys. welcome to this update.BTC successfully broke above the black horizontal resistance. Now it is facing resistance around the 7800 area. Break above this range and we can expect $8300. If it doesn't beak above the resistance then I expect $7500 to act as a major support level. RSI is concerning me for being bullish atm. If you're holding any longs either put a SL or take some profits. 7500 and 7277 which is also the 200D MA acts as a major support here. Let's see if it breaks the 7800 level. #PEACE
BITSTAMP:BTCUSDLong
by Cryptorphic
4
#BTC/USD 85D EMA STRATEGYHello guys, I'll keep it very short. 85D EMA is a very good Indicator which helps in getting into longs and shorts for BTC. You can see in the chart BTC is being supported at 85D EMA multiple times. It can help you to get into longs for the best possible price. It also happens to be the liquidation points for high leveraged traders. So if we break below EMA 85+ hoRIZONTAL SUPPORT LINE. I'll open short with a target of $7200. My long bids are also placed there. IMO that the best Long Entry we can get. Hope it helps. Please hit that like button. #PEACE
COINBASE:BTCUSD
by Cryptorphic
4
#BTC/USD Below $6800 or $7400?Hello everyone, Welcome to this quick Update. Although I am not trading this chart right now until we break above $7200 successfully. I would like to share my views on the current chart. I expect BTC to hold this green cluster of support. If it does, a rally towards $7400 is highly likely breaking the first resistance around $7200. I don't think this support could break easily besides we have been trying to break 7200 since the last 6 weeks. Important Support: 1. 50D MA 2. Black Support Trendline at 6900. 3. Long term Support : $6820 Resistance Levels: $7200 $7390 $7590 $8300. BE CAUTIOUS WITH YOUR TRADES. Use Stop Loss always... #Peace
BITSTAMP:BTCUSDLong
by Cryptorphic
RVN/BTC Long term AccumulationSince the last 6 weeks RVN has been trading sideways holding strongly the 200 Support region/. I expect RVN to make some moves soon. 6th May is its FORK which is poised to come out with positive outcome in miner's earning. To understand the deal you can read this : :https://minermore.com/docs/help/ravencoin_fork/ Technically the breakout above the triangle would take us to 275 sats easily. Why i am very bullish on RVN finally is that it broke above the 200D MA. The only problem is the red cluster of resistance.Very hIgh resistance to break at once. I don't think it will break at once but even if we reach that point we can make 15%+ profits without leverage. Stay tuned. #Peace
Long
by Cryptorphic
2