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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 SHORT-MID consolidation with LONG looking foggyAt this juncture, it is simply impossible to tell how price action will dictate BTCUSD as volatility is rampant and for what it’s worth when we couldn’t shatter the ceiling to break through to 13.6 K resistance I’ve been calling for a 6K Bearish Slump and selloff ever since we dropped from 10 K and yet no one wanted to hear it —- it’s funny how that works people just Want to hear that their coins and tokens are bullish and they’ll tune out any evidence to the contrary. Personally I don’t mind; While FOMO/FUD used to be An undetectable anomaly that would throw a monkey wrench in my portfolio has now become something I look forward to as an opportunist and through trial and error/experience I’ve learned that selloffs and bear markets (Especially those where a sudden reversal is in effect And everyone expected a bullish continuation therefore not expecting any bearish price action (catching the community with shock and awe) When this happens and everyone thinks BTCUSD will remain bullish yeah a massive -25% Selloff Follow suit I look at this as it nothing but an opportunity as the opportunist I am to accumulate mass BTC through pairings and yes I am fully aware I am losing a lot of USD and fear in the process yet my goal is never to accumulate more USD it is always to accumulate more BTC as I am playing the long game; something I recommend the rest of you do as well. So while my Crypto portfolio is about -40% in USD value (closing in half of what it was worth just a few short weeks ago) My BTC accumulation has increased by 28.7% and I could give two shits about the fact that I lost almost half USD because I gained another bonus 1/3 BTC for my portfolio by taking advantage of the FUD. Like a shark after school of salmon frantically trying to get out of dodge I am happy to buy when everyone else is dumping and whilst I don’t encourage other pairings unless you have several years experience forex swing trading crypto— The simple fact that pairings allow me to spot trendline breakouts and accumulate mass BTC (i.e. Last week when I spotted $VETBTC— check my twitter feed) right before the massive breakout and So unlike everyone else I do not stress when I see that USD value of my portfolio dwindling, because I am confident/adamant and firm on the LONG belief we will eventually cross over to $25K+ by Q22020. Being digital gold, you can see an obvious parallel in price action between actual gold XAUUSD & BTCUSD -- which seem to move in unison as both seem to do exceptionally well and both have their bear/bull markets directly correlated to how the NYSE is doing-- whereas on Wall Street with the NASDAQ hitting another all time high , (Which is wonderful for my stock portfolio) yet not as much for those HODLing BTC. People need to realize that as long as the economy is booming people have no incentive to turn to alternative autonomous banking systems or even bother to grasp the overall impact FINTECH will have as we delve deeper into the 21st centrist surveillance 1984 George Orwell’s surveillance state: The fact of the matter is as long as the economy is booming and people have faith in the Banking system and Wall Street there is no reason for people not to trust fiat currency. But just like Gold the minute the economy takes a turn for the worst consumer confidence drops and you’ll see a surge in individuals seeking alternative means of store of value on their assets and Alongside precious metals and other commodities this is where crypto; particularly BTC will make a huge splash. As for this publication; Given the statement above about the current state of volatility in the crypto market it would simply be an exercise in futility to try to predict a long signal we simply have to wait and see how things play out as there are many factors including China trade talks and USMCA that are in play. For this reason I’ve only provided a signal with TA for A shortsell-Mid for any of you EMA20 ++ swing traders looking to consolidate quick profits. Green lines are TP 1 to 3 with the yellows representing resistance and the blue represents pivot. As usual the most important horizontal, being the red, is the stop loss. Disclaimer The oped and figures provided in this publication are solely my conjecture based on my own experience, education and beliefs. This is not financial advise. Additionally, the figures above are provided under the presumption that the market shall consolidate and see its reversal in effect— though I am still conservatively bearish mid-long term I am convinced by the end of this quarter we will start to see some massive & very rapid parabolic movement upswing....but this is just one wizards opinion. @a1mtarabichi
BITFINEX:BTCUSD
by a1mtarabichi
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
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
BTCUSD levels and channel updateNo reason to write anything out when there is nothing new. Here is your channel bitcoin / digital asset investors Same levels same results are happening. Technical e z p z with bitcoin. Finally people are using the levels and copying them to share with others. If you are a new follower and have questions hit me up and review the old posts for your asset. If there is any particular digital asset anyone wishes for me to dig into for them I will just let me know :) Overall we nee to be 78% close to floor 1 before we get any real interest for buyers again.
BITSTAMP:BTCUSD
by AschraM