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Bitcoin Meme chart! Must readTAKE IT AS A MEME CHART! Why? Because it's completely f*cked up. You see how many times we broke the support? You go to the lower time frames you can draw more of them. This price action is not natural IN MY OPINION and I am not giving up on my Bitcoins, are you? I am also ready to buy BTC at the extreme lows.. 26 days to go before halving. Just avoid falling into the trap. I talk to the majority here, O already know the traders who even have the basic knowledge of TA know what they must do. This message is to the new traders or the ones who bought at the top! Also on serious note seems like there's a slight chance if we hold the current level we can test the resistance if the small falling wedge channel which coincides with the 200D MA. Stay Strong!!
COINBASE:BTCUSD
by Cryptorphic
2
#ETH/USD Held the support What's next?First of all I need you to know that trading right now could be very tricky so use SL while trading. Coming back to the chart, ETH held the support and going to the upside it might happen to be retest before making further lows just keep in mind, ANY CANDLE CLOSES BELOW THE 85D EMA would be the SL that we can go lower. Right now it seems it can touch the resistance line of the current expanding channel. Support remains the $156, $!49, $126, $110 and $103. Resistance: %165, $176 and $186.5 and $203. Trade accordingly. #Peace
BITMEX:ETHUSD.PLong
by Cryptorphic
Will we start a new bull run with this Golden crest Please like and comment. As there is no point to share info with you if you can not simple push button like :) There is a two-way possibility. Right now, BTC price goes up just because Market Maker pushing it up. Fomo will start again when we make a new ATH breaching 10500 and higher. We have already met the mini correction structure, and we can go up. Everyone wants to buy Bitcoin on an 8500 or lower, so there is a reason for Market Maker do not let the price go down. There is no volume with this small bounce, so the possibility that we will dive hard is huge. Breaching 9500 I will consider leaving the market for a while. Right now I am in a market: 2020-02-18 20:24:31 BTC/USDT Buy 9987.19 2020-02-18 17:23:03 BTC/USDT Buy 9789.43 2020-02-18 17:14:37 BTC/USDT Buy 9743.69 2020-02-18 17:12:20 BTC/USDT Buy 9750.34 2020-02-17 19:15:15 BTC/USDT Buy 9648.27 2020-02-16 18:59:42 BTC/USDT Buy 9733.37 2020-02-15 09:41:31 BTC/USDT Sell 10213.06 2020-02-15 09:41:31 BTC/USDT Sell 10213.06 Everyone should be cautious as this correction maybe not finished yet. Use a Stop Loss.
COINBASE:BTCUSDLong
by exkuji
1
LongsWe got to a interesting point where longs are pretty high while touching the previous high point. MACD is starting to lose momentum. RSI needs some rest as well. This could be the end of the first high. The next days will define if we will continue to go north or back south. Any way, it would be good if we get now into an accumulation zone where the 55 EMA could act as support. This would be a perfect timing for building the next high right around the BTC halving. The other possibility is that buyers ignore all the TA and enter the market causing a similar situation like we did in 2017. Even if many got burned the last time, I think too many don't know what crypto is. Those could FOMO like crazy.
BITFINEX:BTCUSDLONGS
by Shywado
Whale Reaccumulation Zone?Pattern suggests possible reaccumulation by a handful of whales on Bitfinex, where Longs skyrocket to all time highs on taps to the .618 and .65 retraces of the macro bull run which began back in April. Meanwhile funding rate on Bitmex remains fairly neutral, suggesting the Longs are from Bitfinex only. A long squeeze, if it happens, may not kick in fully unless we break the local low of $6618 (on Bitfinex). I remain short, but finding reasons to be careful.
BITFINEX:BTCUSDShort
by mastaplan
BTC Long Squeeze Incoming?BTC Longs on Bitinex have risen parabolically to at an all time high. Since 23rd November there has been an increase in Long positions equivalent to about $100m. Surely this is begging for an epic long squeeze? Not so fast.. here are three reasons why this parabolic rise in Longs might not be what it seems. 1) The rise is on Bitfinex only. Funding rate on Bitmex is fairly neutral. This could suggest that one or a handful of massive players are responsible for this move. Do they know something we don't? 2) The pattern suggests steady accumulation of $100m of positions, starting neatly at the local low on 23rd November, which also lines up with the Golden Pocket (.618 to .65 retracements) of the current macro structure, which could be viewed as a retrace before new highs. See my post from yesterday "Beware The Pump." Also, the three days of greatest increase since then match up neatly with re-touches to the .618 level also suggesting steady accumulation. 3) Assuming the first two points hold weight, the average accumulation price paid is probably around $7300, with some stops set possibly as low as $6618 (BITF). Either way, the bulk of a long squeeze may not hit until sub $7000, and so we may first need to get there without it. Still on balance, I remain cautiously short.
BITFINEX:BTCUSDLONGSShort
by mastaplan
2
BITCOIN|BTC Breakdown From Bearish Rising WedgeHello Guys !!! From Last Couple Of Weeks BTC Making Downtrend Moves.WE Saw It Reached New Yearly Bottom Somedays Ago.Then Its Pumped From 6500$ Level And Reached 7800$ Resistance Level..After That Its Again On A Downtrend Channel ..From Last 2 Weeks BTC Making Sideway Moves.Now Its Looks For Another Downtrend Move..Its Broken Down From Bearish Rising Wedge....If Next 4H Candle Stay Below 7500$ Then Next Target Should Be 7300-7100$ ..Lets See Whats Happen Next. Good Luck CSSTeam @cryptospecialsignal
BITMEX:XBTShort
by CssTeam
BTCUSD SHORTSaludos cripto-traders! Este día regreso con una predicción del precio de BITCOIN. Tenemos un patrón bajista desde que alcanzamos el tope de los 14.000 dólares, ahorita el precio rebotó luego de la caída alrededor de los 6.000 dolares y en estos momentos nos encontramos en el rango de los 7500-7600. Tengo una posición bajista porque espero que pronto haya un LONG SQUEEZE, luego de que esto ocurra tengo la expectativa de que el precio toque el rango de los 5500 dólares. ENTRY PRICE: 7600-7300 EXIT PRICE: 5500-5400
BITFINEX:BTCUSDShort
by mrkilmister
BTC 2hr Day trader opportunities both buy and sellWe have a good amount of divergence showing on the hourly, a nice dip on stochastics with our red ribbon support being hit for the 2nd time now. I see a short term rise to 9300 then down we go to 8700 near the 200 MA orange line I use. That is our next support zone which would be floor 2 and wave 2 on the smaller timeframe off the impulse. It this is a flag consolidation for a buy we can def. see some continuation from this impulsive move. In the short term we can still consildate and get both setups for a buy and a sell. This is a nice flag setting up but it can easily turn into some hourly W or M or head shoulder formation making that previous red ribbon support the left shoulder of an inv. head n shoulder formation. We wont know until it forms but thats why we speculate our situation. I don't think we are ready for another impulse without one more wave down. a break of the flag with another bullish consolidation will help support a continuation if we find support around that 127% fib zone. I can see decent support around 8400 - 8700 and thats a good spot to eye our bitcoin prices. The more we enter the pinch zone of this flag we will get more confirmation for a drip farther down or another buy run back to 10k for a re-test. As always traders. Stay safe manage risk. Think outside the box! Long ways to go for btc so no rush here.
BITSTAMP:BTCUSD
by AschraM
1
The 2hr of BTC.Just taking a look. Keeping my ideas open. I am looking for Stoch to show max seller pressure with 3x %K %D crossover points similar Oct. 23 - 25th range with another dip close to -472. I am looking for a 25 degree channel bottom curve to confirm another leg up on the 2HR timeline. This would give us a pullback to around 8,400 (61.8%) before another leg up to 11,357 pushing 11,500. This would be ideal to show around point B and also confirm the hourly trend is rising and staying above the purple thick line which represents the top of the bigger channel. Hope you like this idea, this follows today's post ideas on BTC I made earlier today. Please be aware we are still in a down channel and LINES ARE JUST LINES! They only help guide us with price movement and max range degrees/percentages based off supply/demand the market shows. This could have been am impulse back to the top of the channel but expand a little and FAIL back down continuing lower. Basically coming back up for 1 more breath of air before diving deeper in price. If that happens we fall back to the dashed line on the bigger channel. With the amount of recent volume and growth the bulls are in the lead against the bears in the short term. But we need to confirm this is a trend change out of the channel or just temp. momentum? Better to see slow growth than rapid and fast and I personally still want to see some lower prices but if this continues to create bullish accumulation inside this mini channel we can easily impulse again...and just a bit higher this time ;) The bear scenario: This is the HEAD of a head n shoulder pattern leading us lower. And this breakout is false and fails by end of the month. Lets see what happens!
BITSTAMP:BTCUSD
by AschraM
1
Another Heavy drop of BTC to 6k~7k area incoming.hi guys, welcome to another analysis of btc. first, i have to say, i cannot explicit how bearish btc has been, having not testing what it should have. most of the times, when btc falls down under 200ma daily, it tests 200ma, closes above, tests upper zone to 50ma, now at 9k areas. however, at the point now where btc has 50/200ma death cross looming, this seems very difficult at the moment. we have touched the 7700 support at 200ema(2day) for some times now, and it has managed to break above a bit. however volume of buying at support is coming low, even with the daily bull divergences. historically, when we have 200/50 ma death cross, which imply heavy drop to accumulation zone. scenario until next month, more likely mid november we have two scenarios. 1. 8200~8500->8100->8.4~8.5k->7400~7700->8.5~8.7k->6k areas 2. 8200-8500->8100->8.4~8.5k->7.7k->7.7k~8.2k->6k areas. first and the second scenarios have one difference. which is that it can give a low and go up again until early november. or, it can just get wrecked all at once. at any scenario, it is pointing downwards. however, i do think that from late october to early november we will see a short alt season, mainly with bitcoin cash(hardfork at nov 15th), so we have to look after that. so heavy drop can come from mid november, especially when president trump will sign the trade terms with china in apec 16~17th. a minor drop should come before that though. so now is time where, you have to accumulate shorts from 8250~8320/8.4~8.5k/8.7k in order. people say it would go up to 9k, but at the moment, i heavily doubt that would happen, the max top could be 8.6~8.7k area that i can imagine of. the risk vs profit stands on short side. we can sell shorts at at least low 7k area, or even lower in coming days, or coming month. when we reach 6k some area, it would be great to trade alt coins as btc would accumulate with small movements. from there, we have to analyze if this can turn over things and go for the halving run, or not. because, usually it takes more time then that. weekly chart, you see macd still retracing. there is no signs of real comeback. monthly wise, it looks like it will close under the conversion line at 8700. this would drag the price low. when btc closes above 8700 in monthly, we can think about reversing, but now, all we see is small bounces and more drop incoming. so short safe. we will have good times in the future. don't long so much in this region. of course, short term you can long at 8100 area, looking to sell above 8200/8300. now we have daily baseline resistance at 8250/8300 area which is difficult for trading. i still have shorts from 8700, and added up 8280. i plan to simply add up when price comes up. good luck.
BITSTAMP:BTCUSDShort
by Turningmecard
4
Short Term #BTC Outlook. Both Arguments PresentedBitcoin is in a very precarious situation right now. Either bulls step it up now or they will drop to 7.7 to 7.8k region where this Diamond Bottom would be at risk of failure (a failure that bulls just cannot afford since this will send BTC spiraling down to the 6.4k region. Something that my friend @Crediblecrypto has been calling for over a month. Read my comments on the chart. If you have any questions feel free to reach me at alex@bitbookkeeper.com
BITSTAMP:BTCUSD
by BitBookkeeper