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Btclongterm

BTC - Monthly BullishnessThe monthly chart is quite similar to back in 2016, where the bullish cross of the 10 SMA (red) and the 21 EMA (yellow) pushed the price a lot higher. BTC in 2016 had a long consolidation after an impulse up, and the price got pulled into the cross. Similarly to now, where after a huge spike in the price BTC has consolidated for a while (4 months so far) and is now being pulled into the cross of the two moving averages. - The monthly stochs were accurate in calling the bull market in 2016, and it is doing the same thing now in 2019. This also emphasizes the long term bullishness of BTC. This can be a positive sign, but can also mean that it will take time for BTC to start to gain momentum back to the upside. Also when you think about the halving next year, BTC has never surpassed its ATH's of the previous bull cycle, so this means we shouldn't expect BTC to pass 20K before the halving next year on the 13th May 2020. Let me know your thoughts below!
BITSTAMP:BTCUSDLong
by olleyy
2
BTC (Y19.P2.E26).Bottom.Is.In.Factural+MoreIts difficult to explain gut feel and as well as its difficult to explain what the difference between knife edge = bottom is in. Hence I might do a video explain why I think the bottom is in and its time to go long. Am I 100% convinced, you can't. Am I 70% convinced, yes. The other bit to the puzzle is "GOLD" price movement. If you follow my posts, you will see that GOLD is on the rise\forecast and many see both GOLD and BTC in the same class\category for anti Fiat or storage of wealth. BTC tends to lag GOLD and we can assume that BTC will soon follow. Why do I think the bottom is in? Many of you who follow me, notice I like to use fib.channels as I don't really support the notion that the majority of the time we have horizontal support and resistances. Mind you, there are times where it is applicable. I came to this conclusion when I looked at fibonnaci and the sweet of tools they have. One could also see that fib. rings, fib.gann.fans and fib.pitchforks tell you that horizontal lines don't come into play. Anyway, I was in the last month, using fib.channel resistance lines and they are working great for me. So today, I wanted to fine tune my lines around the double bottom picture, in the 4 hrly chart. Not macro but for micro trading. I thought let me extend this line on the left. So I get this. So one can see the channel made up with the BLUE lines (previous channel) and now the channel surrounded by the 2 black lines. When you look at the channel surrounded by the BLUE lines, when it breaks out of this channel, the price drops hard. However we have a different price behavior for the BLACK lined channel. The double bottom put the price back into this channel and is now holding stubbornly. I leave that for you to think about, what it means psychologically. Now look at the previous bottom in 2017\2018. Make the comparison The next thing I did, was to extend the fib.channel lines for the current price action and this is what I got. Note, I did not want to influence my trend line with bias as one can and does this. You will see that after all the discussions people post, we are actually doing what it historically did all the time. I will leave it there and let you come up with your own conclusions. As for other elements, I have the RSI, Stochastic also supporting the bullish sentiments. WEEKLY MACD > Has a potential of a massive Bullish Divergence Stochastic on the weekly, bullish divergence Another thing, the fib.Gann.Fan, removing the parabolic end components, also show confluence that this is a key fib. level bounce. Now for the last bit for the micro level, one can see how price is respecting this support line\channel. Note, as I said, there is a fine line between seeing the bottom and knowing the bottom, those who are willing to risk and take the chance get the most reward. I am thinking to articulate all this in a video, sometime tonight. Please give a thumbs up or a like if you agree or just appreciate the effort. Regards, S.Sari /CryptoProspa
BITSTAMP:BTCUSDLong
by ssari
3
Bitcoin - And then this happened...I hope you all have a greater appreciation of what were are doing and what we are accomplishing here. Good TA keeps you ahead of the game not by guessing but by reading the signs. In the previous posts, I have been insisting that the green trend line was the right one to follow and so here we are. Even when BTC was throwing signs that it was headed down I kept insisting to keep an eye on this line. To be clear this is a temporary bottom, our near target is the 50MA and our final destination is the 200MA (In white.) I have been saying this for weeks. What is going to happen after we hit the 200MA? BTC will either get rejected in the days after and go lower than we are now (very likely to hit the $4800 target), or we will surpass it with force and up we go. For now, we will just be looking out to hit those targets that were planned out weeks ago and continue to keep in mind that we are under a death cross, remember that it is not easy to escape its grasp. To get from under it we need to hit a great buy zone and heavy volume. So far we've hit an ok buy zone and we have normal volume. VERY IMPORTANT: Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of paying me for my time. Follow me and you'll know exactly which coins to buy and when to buy to maximize your profits. NOW, THE LEGEND; Support trend lines are green Resistance trend lines are Red Horizontal support lines are white, the thicker the stronger the support 50 Moving Average is yellow 200 Moving Average is white THE TREND: Finding stability THE OUTLOOK: A rally may be coming soon.
by cryptoGats
70
Bitcoin 3 years historical logarithmic chartI made an example of bitcoin logarithmic chart, with the existing uptrend which never broke. Becides that in chart you can see, that every week that passes, there is a higher "lowest point", and it grows per ~100usd per week. Since this is historical chart and as we see that bitcoin never disobey following that trendline. So million dollar question. When ATH? Chart says by the end of 2020, without any significant parabolic ride. If there will be a parabolic rally, then Bitcoin could reach over 50,000$ by the end of 2020. Buckle up, buy all low levels and find your exit strategy :-)
BITSTAMP:BTCUSDLong
by bloodgood
2
Bitcoin - important update, best case scenarios.We are at the stage where we need to start considering what the bottom could look like. Let's start by defining what a bottom would look like. A bottom is when an asset hits a trendline or horizontal support line and it then goes up and touches back down to retest that line but refusing to go below it. Let's look at the current candidates for support. BTC hit 3 lines at the same time as support, we now have to figure out which one line will become "Possible" continuous support. The likely outcome is that the rising green trendline will act as support, so if we are going to retest a line it will likely be that one. As far as resistance we also have the 50MA to deal with, if we conquer it we are 100% going to test the 200MA. As of right now, we are retracing, which is healthy, if we fall below any of the current support lines we are wide open to the possibility of hitting the $4700 area. Follow me and you'll know exactly which coins to buy and when to buy to maximize your profits. Hitting the "Like" button is like a tip, please don't forget to do so after reading this is your way of paying me for my time. NOW, THE LEGEND; Support trendlines are green Resistance trendlines are Red Horizontal support lines are white, the thicker the stronger the support 50 Moving Average is yellow 200 Moving Average is white THE TREND: Going Down THE OUTLOOK: Begining to see the end of the downtrend a rally may be coming soon.
by cryptoGats
16
Zooming out on weekly everything is clear !Sell the 55 weekly EMA (today roughly 8k) ...buy the 200 weekly MA wich is traditionally long term support . (today roughly at 5k but might wick under) I myself have a limit buy at exactly 4.45k /bitcoin ! My other DCA buy at 6500 was just filled the other days . If 200 weekly wont hold and start to close weekly candles under 200weekly MA then probably 3.1k (last bottom) wont hold either and price should dump into the low 2k`s ...(my last DCA buy is at 2.2k)
BNC:BLXShort
by Sam111
Bitcoin - The breakdown of the long term triangle - must see!So that you don't sweat every little up and down move, keep an eye on the bigger picture, it helps you look at crypto in a less stressful way. The above is the 1-week chart, it helps you see where BTC has been for the last few years and more or less see where it wants to go in the future. My goal is to jump in once we hit that green X at the end of the yellow line -- which is the 50MA -- with a percentage of my capital and jump in 100% if we hit that green x at the end of the white line -- which is the 200MA. The green line which is also the bottom of the triangle represents the difference between the bottom and a total meltdown of the crypto market. If BTC was to hit the last X which is also the 200MA it has to stop at the green trendline line, it can dip below it a few times but not for too long. What happens if it dips for too long? It will drown, it will take years for it to go back up and many of the smaller coins will disappear. This scenario has happened before to Silver and it is well-documented how it plays out. The redline or top of the triangle represents nothing but good times. If we go over it, it is a true indication that we are going to have a parabolic move up. I would think that there will be fuel for 20K for sure. One thing to note is that triangles are to be traded on a breakout. What does that mean? That means that you only put your money in once it has exited and gone over the red line. You never buy where we are right now(which is near the top) it is too risky, the odds of going down are high. In conclusion: This is how fortunes are made, not through FOMO. Slow down and don't rush. This stuff moves very slowly for the long term trader, If you do it right you'll stress less than your day trader counterparts, you'll also make more and keep more. Lastly, try to learn about charting during boring markets, you can join groups and buy signals but there's no one better than you to rely on. DON'T FORGET TO FOLLOW ME - STOP LOSING MONEY AND START MAKING PROFITS. NOW, THE LEGEND; Support trendlines are green Resistance trendlines are Red Horizontal support lines are white, the thicker the stronger the support 50 Moving Average is yellow 200 Moving Average is white THE TREND: Going Down, we have not made a new higher high THE OUTLOOK: Expected to go down, unexpected if it goes up.
BITSTAMP:BTCUSD
by cryptoGats
69
BTC - Broken Out of ChannelBitcoin has just managed to close a weekly candle above not only the down-sloping resistance channel, but also it has closed above all major moving averages -> accentuating the bullish picture. Weekly = Very bullish: - Weekly closed on a massive bullish engulfing candle and is well above the 10MA and 21EMA, as well as the channel. - The Weekly Stochs have confirmed a cross up around the critical zone. This region when bullish crosses are confirmed holds a lot of positive momentum for bull runs. Here is examples of most of the times when this happened in BTC history: Obviously the two in early 2018 didn't result in bull markets, but they did account to large gains.: - Weekly positive momentum is emerging on the MACD - Weekly RSI is broken out of the bearish control zone and is above the EMA. The Daily is looking very bullish at the moment: - After touching the heart-line of the channel BTC quickly created a huge bear trap. - The MACD is very bullish and has the same levels of momentum compared back in August. - RSI has broken into the bullish control zone and is way above the EMA. - Stochs are sky high. - The daily has closed two candles above all of the moving averages, this is extremely important, especially the 200SMA & 200EMA. 3D is looking great: - 200EMA and 200SMA did not break and held price action up (as well as the monthly 10MA). - There is a bullish cross on the MACD, last time was in December that called the entire move to $14000. - 3D RSI has broken out of bearish control zone, and is above the EMA. This also has some slight bullish divergence, which largely has played out quite nicely already. Most importantly, the 3D closed above the 21EMA & 50EMA with a huge bullish engulfing candle. Monthly is looking good so far... - Bounced off the 10MA after a bullish cross. (This has proven to call BTC's ignition of massive bullish momentum in previous cycles - 2016). - RSI came down and tested the EMA after being rejected by the bullish zone. - MACD positive momentum gaining. I want to see Monthly close above $9700 to confirm this price action. What I am expecting: - Bitcoin is out of the channel, and is currently cooling off being it's next leg up. - A test back down near the 21EMA and the Support of the Channel (around $9000). This also confluent with the Daily 200MA. - I cannot see bitcoin suddenly falling and crashing through all of the resistance it just broke out of, at most we will see a test around the $8800-9000 region. If no key areas are broken and closed below on a daily time frame, the only thing holding BTC back from taking off is time. - When it takes off my targets are $11400 and low $12000's first. But after 12.4k is broken nothing is stopping BTC from doing exactly what it did this year... Once the trendline from 2017 is broken, nothing is ahead for BTC.
COINBASE:BTCUSDLong
by olleyy
BTC - Bearish Break OutBTC just smashed through all of the support lines, this is not the best sign, but it is not the last of the support. I have had this downsloping parallel channel plotted out for a while now, and this seems to be very accurate. As you can see, BTC was recently bouncing between the 50% heart-line and the 75% cyan line. It couldn't break above the cyan, thus a sharp impulse downwards. - This would suggest more selling towards the .618 Fibonacci retracement zone, plotted between $6900 and $7250. This region is the box on the chart. - The white dashed lines are support lines from 2018 and are staunch support. These are $6800, $7070 and $7400. - I strongly believe that lower prices are coming, because the region 6900-7250 also lines up with the red heart-line of the channel. - The Daily 377 EMA (blue) has been broken that was the support holding the recent price up for the past 3/4 weeks. - The 2 Day 200 MA (white) and 377 EMA (blue) are coming in right around $6800 accentuating the strength of this region for being support. - The 3 Day 200 EMA & 200 MA which are pivotal for BTC, as if these are violated it will share a very bearish scenario... - The Weekly chart also has strong support, from the cyan 89 EMA ($7100 region). Reinforcing the confluences around that region, thus supporting my point that this area is going to be strong support at least for short and mid-term time frames. - The Monthly chart has both the red 10 SMA & 21 EMA, these plotted at $7100 and $6900, strengthening this area for support. I do not expect these MA's to be broken on the first pass at all, keep 6900-7200 in mind as a POSSIBLE LOW... - The Weekly Bollinger Bands have the bottom ring at $7300 area, so this region is likely not going to be broken straight away. To conclude, $6800-7200 is very strong support and I do not think it will break for now. There are too many supporting factors in that area for me to dismiss. Cheers for reading, hope you saw something that made sense to you :) Share your thoughts below!
BITSTAMP:BTCUSD
by olleyy
Bitcoin - What just happened?Ok I will interpret for you what happened and give you a point of view that will keep you safe. I only do longs I do not do shorts so I am waiting for it to go down so I can buy cheaper before it goes up. I believe the next leg will try to reach 15K and Bitcoin will try to retrace before it continues up. I believe BTC wants to go to $8,500 and maybe even to $7,200. In the unlikely scenario that we are done going down and to say that BTC is truly going back up, we need to look for a safe place to jump into it, so you either buy right after it breaks out of the triangle (the red resistance line) or you wait and see if it hits the red X. This will signal the first high, high and we would jump during the pullback to 61.8. The likeliest scenario is that BTC already ran out of steam after hitting the 50MA on the 4H -- which is also where my trendline is. It should start to come down now and hit the green trendline or go below it to the green x. Another indication is that BTC on the 1D timeframe has violated an important trendline. This is the long term view that shows that going down to $8,500.00 (50% retracement of the 2019 move ) and $7,200.00 (The 61.8 retracement of the 2019 move) would be healthy and maybe even needed. Both of these prices are marked by the green X's. THE TREND: Going down. THE OUTLOOK: Unsafe to buy BTC but safe to enter and buy some alts. Be safe and follow me to stay ahead of the curve.
Long
by cryptoGats