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Btctrading

The most challenging moment!Hello investors! BTC did some bearish movements during this weekend, and we are going to study it now. I always like to look at the hourly chart to search for some early signs of reversion, and it did a double top around $ 9.3k (blue line), and it lost the thin black line around $ 9.1k, which was support and resistance about seven times in the past. If BTC is going to test the $ 9.1 again, the price must trade above this pink line, which coincides with the 21 ema. If that’s not the case, BTC will seek lower supports, and the daily chart can give us more clues: BTC should react quickly because it has no immediate supports, just the $8k (red line) and around $ 7.5k (blue line). Also, the 21 ema is pointing downwards, the price lost the green trendline and it failed in surpassing the light blue line, which was something determinant in my view. Personally, I’m out of BTC now, I set a stop at my entry point, which was the high of the bullish engulf evidenced in the chart, and I’m just waiting now. I’ll focus more in my stocks, while BTC does nothing interesting to me. If you missed our last trades and analyses, the links to them are below. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Now, let’s see the weekly chart for some insights: Yes, BTC failed completely in escaping this descending channel, and it may drop all the way back to the ema if we don’t see a clear reaction here. Now BTC is at a very decisive moment, let’s see how it will behave this week. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
Time to book our profits? Not yet...Ok, so something weird happened today here! Some bears came out of nowhere and they left this massive candle. They managed to hit our black line, proving again that this is a strong support, but the price bounced back . It seems it doesn’t matter the bear’s power here, the bulls managed to retaliated back! So, BTC did a false breakout from this red line, and the live goes on. Some day traders earned a lot of money today, some lost (the majority imo), but we, the swing traders, are still here, without any major surprises. Let’s see the daily chart for more clues: It seems the price dropped just to find its support at the 21 ema and the light blue line. I already told you guys, that I wouldn’t be surprised if the price hit the green trendline again, and this wouldn’t spoil the bull trend. But, since you’ve reached this far, remember o follow me to keep in touch with our trades and analyses, and support this idea clicking on the like button! We are long since this bullish engulf evidenced on the chart, and there’s no change or surprises so far, our trade is going fine, and let’s see what BTC will do next. I don't see a clear reason to book our profits yet, especially since we are on a streak of winning trades, so we can take our chances here. In any case, the weekly chart is very bullish in my opinion: Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
12
We warned about the OPPORTUNITY!Hello everyone! So, BTC did some nice moves in our favor during the weekend, and as I said in my last BTC analysis, we can expect some volatility and erratic movement. If you are new here, I invite you to follow me, I do daily analyzes about BTC and some alts, and you’ll keep updated about our trades. Also, I’m sure you’ll find something interesting on my twitter, follow me there too. Now, back to BTC, today’s candle is a sign of balance, the bulls and the bears have almost the same strength here, and this candle has a name, it is a Doji. We are long since BTC triggered the Bullish Engulf, as seen on the chart, and now we are managing our position. If you missed our last call, the link to it is below. Now it’s not time to buy BTC, neither to short, we are just managing our position, when the time to sell comes, we will know. Let’s look at the hourly chart, as usual: The price found a resistance at the orange line, which is a previous top, and did a pullback to its supports, namely the blue line and the purple trendline. BTC respected its supports, and now it seems it found resistance again at the 21 ema. It is still a bullish trend, and there’s nothing for us to worry about right now, and our trade is giving some good profits already. So that you don’t miss any of my future calls here, remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
6
BTCUSD BITCOIN Technical Analysis: Top of Ascending Wedge!!BTC seems to have formed an ascending wedge formation since the sell off on 10 May 2020, which is traditionally a bearish omen. Now, BITCOIN BTCUSD is currently testing the top resistance of the wedge @ 9930, for a breakout above it, look for an hourly closing candle above 9930 - 9950 region for a BUY opportunity. From there, we look for BTC to retest the major resistance @ 10000. A rejection by the wedge top would bring u to the nearest support @ 9550 - 9600 region, which coincidentally overlaps with the 50 moving average (MA) line, further strengthening this base as a strong support, offering us a quick SHORT opportunity. Therefore, I would not suggest buying in at this time, but wait for the pullback to the bottom of the wedge then rebound confirmation OR a breakout above the wedge with bullish candle pattern confirmations. As always, trade carefully and with stop loss orders. Feel free to like my post if you like what I shared, thank you! Best Regards, GOLD D ROGER A humble, beginner trader
BITSTAMP:BTCUSD
by Gold_D_Roger
EYES ON THE PREY!Ok, so BTC reached our first target yesterday, and today it’s doing some natural correction, and this is expected. If you missed my latest analyses, the link to them are below, and remember to follow me to keep in touch! My twitter has some interesting stuff too, go there and check it for yourself! At his moment the bears are struggling above the blue line zone, and the price is moving sideways, doing what could be an accumulation or distribution, we don’t know for sure . In any case, let’s see the daily chart: The volatility is increasing, and the candles are getting bigger, if you compare with previous days. The good news for the bulls is that BTC found a support at the light blue line again, and the candle left a shadow behind. But, as I said in my previous analysis, I wouldn’t be surprised if BTC did a pullback all the way down to the green trendline again, and the bull trend would still be very strong in my opinion. Also, it’s nice to notice the candlesticks patterns I pointed using the black arrows, because we traded them all! Again, all the links below. Now, let’s see the weekly chart: Last week BTC failed in close a candle above the descending channel that has been haunting us for almost a year now, which was quite disappointing, but now it seems the bull have a real shot here. I’m naturally an optimistic person, yes, but I have a special feeling about BTC. If we escape this descending channel, the main target for this trade is the U$ 14k again (blue line), which means a 40% upside. I’ll not even talk about the U$ 20k, let’s keep our eyes on the prey, not the horizon , but either way, BTC has a lot of potential! Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
First target: REACHED.Hello everyone! The bulls are on fire here! In my last analysis I told you guys I wasn’t expecting a fast recovery here, despite being long, and I was ready for some sideways movement. Fortunately, I was wrong ! And most important, BTC hit our first target, which is the green line. Also, if you missed my last analysis, the link to it is below, and remember to follow me to keep in touch with our trades and analyses. My TWITTER has interesting content too, go check it ! Now, BTC hit its first target and you could’ve sold your position if you are a swing trader, like me, and wait for another opportunity, and that’s fine, but I think it’s worth to wait for a bearish sign, because in my opinion BTC still has a lot of potential. It’s interesting to notice that it found support at that blue line, which was previous bottom in the past, and the price is getting closer to the 21 ema, while trading between the green and blue lines. Maybe it will form a pennant here, but we must wait a little more for more confirmation. Now, let’s see the daily chart: We see that BTC is trading above the green trendline, the 21 ema and the light blue line, and that means the bulls are very strong here, and as I said, I didn’t expect that. In my opinion the price could sink all the way down to the trendline or the 21 ema and the bull trend would still be strong. The real challenge here is to keep the price up and trade above the pink line, then we will see another pivot that can lead BTC far beyond the U$ 10k. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
2
INTERESTING BOOKSRemember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
7
BTC - An opportunity!Ok, so BTC hit the black line again, and now it’s time for us to know if the bulls will manage to pass through this resistance. But first I invite you to follow me to keep updated of our trades and analyses, I’m every day here, talking about the market and my trades, so you are welcome to join us. Check the links to our latest trades below this analysis. I find this black line in the hourly chart quite important, since it was support and resistance in the past, and now it seems it will be another resistance. The good news is that the price is trading above the 21 ema, and it may support the price, along with the blue line (previous top). Now let’s zoom out and see the daily chart: BTC hit the pink line and did a Harami, which also was a double top in the hourly chart that triggered our last trade here (link below), and now it triggered a Bullish Engulf, above the 21 ema, above the green trendline. The last two red candles here left some big shadows, which is amazing . It means the bears put some real effort in their attempt to drop the price, but they were ultimately defeated by the bulls. It’s a long trade in my view, but as I said in my last analysis, I’m skeptical about a fast recovery. I think it would be nice if the price “rest” for a while, and it could even lose the green trendline and hit the purple or blue lines without ruining the bull trend. That’s my view, and like it if you found interesting! Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
3
Will the BULLS come after the HALVING?That’s the pullback we all wanted! And when I say “all” I mean even the bulls or the hodlers, for the price needs a rest sometimes, and the asset needs to become more attractive to the eyes of those who are out. Then, new buyers will come, and the price will have the strength to rise again. What we saw this weekend was a mini crash, because of all the expectation towards the halving, and with such volatility comes the opportunity . Notice the long shadows it left after it hits the green trendline, this is a sign that the bears couldn’t sustain a fight here, and they were dragged out of the battlefield by the bulls. Now it seems is doing a bullish engulf. If I were still short in BTC, I would get out if this pattern is confirmed. I was short recently, as I said in my last analysis (link below), since the price confirmed a Harami under a resistance and a double top in the hourly chart. Also, I invite you to follow me to keep on track, I do daily analyses here and you’ll be updated of our trades. Now let’s see the hourly chart: See that thin black line, that is an important zone to be surpassed, and above that point is bull territory. Also, notice how that red line served as support, and how it almost didn’t - it was so violated that it almost doesn’t makes sense anymore, but I’ll face it more as a price zone around that red line than a specific point. And that’s all thanks to the volatility the halving gave us. In my opinion, BTC is a long trade, but we will have to be patient and I’m skeptical about a fast recovery here. Nevertheless, this mini crash gave us an opportunity here. Be safe, be calm and patient. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
The OBVIOUS trades are the BEST ones.Since our last long trade (about 10 days ago!) I thought it would be a good idea to wait for the next interesting move. The links of our last trade, the entry point and target, are bellow. We did catch a bull trend from U$ 7k to U$ 9.2k, and if you missed it, remember to follow me to keep updated of our trades and analyses. And just as I warned, BTC did a classic double top pattern (which seems to be an Adam & Eve type) under that pink line we draw earlier (previous top), after the price fails to stay above the ascending channel. And that’s the kind of obvious trade I like! I warned about this trade in my last BTC analysis, and again, link bellow. You could’ve shorted when it confirmed a pivot, or wait for a pullback, but keep in mind that Adam & Eve double tops have a pullback rate of 64%, so, there’s a chance it won’t happen sometimes (in this particular case happened, so there’re no excuses here). I’m out already, I’d put a buy order at U$ 8590 (red line). I saw an opportunity to hedge my positions in other cryptos with this move, and in the end, I even could manage to profit a little with all of this. More details about it in future analyses, keep in touch! But for now, let’s see the daily chart: A Harami under the pink line, that’s the kind of dangerous sign the bulls should be afraid. Also, it was triggered when the price lost that blue line (harami’s low), which is the same point it did a pivot in the hourly chart. Coincidence? No, this is the bears coming. Now we should just wait for the next move. The next supports are the trendlines (green and purple) and the blue line at U$ 7,481 (previous top). Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
BTC - A Brave New World?BTC just reached a relevant point, that pink line, which served as resistance in the past, and now the bulls seems to be struggling a little here. That’s ok, it still is a bull trend, but if BTC must experience a pullback, now it’s a good time for it. I wish I could buy it again after a pullback, but I don’t know if that’s going to happen any time soon. We were long from U$ 7k to U$ 9.2k. If you missed our last trade here, check the link bellow and follow me to keep updated. I’ll confess that I didn’t take this price zone as relevant at all, I thought BTC would go straight up to U$ 10.5k, but I was wrong. The question is how strong that pink line could be? We can investigate a little better using the hourly chart: The price did a breakout and now is trading above the ascending channel, and what’s even more impressive is that it found support at the superior part of the channel, along with the 21 ema, which is outstanding, it happens only when the trend is very strong . But we see that BTC still has to surpass the pink line, because if it didn’t, the market can interpret as something like a double top in the hourly chart, and the pullback can be sharp. Now, let’s see the weekly chart: BTC is breaking free from a descending channel that haunts us for almost a year now, and the raise in volume is exciting. Now, let’s see if the bulls will keep their strength, and if that's the case, will be a brave new world for BTC. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
BTC (Y20.P3.Video5).Here are the signs and when to enterHi All, This video is technical analysis but also a training video in some ways and\or a guideline on what to look for to enter this pullback. Newbies, don't miss this lesson. I might be a good idea to do a followup video later on and talk about the lessons learnt, so those who are interest, please say yes below. I'll leave at that as the video explains the key points on the BTC price chart and what to look for and why? Cheers, S.Sari. 4 HRLY chart with moving averages as support + looking at the indicators reversal sign 12 HRLY chart with moving average as support + looking at the indicators reversal sign Overall lines Why the daily is not considered
Short
by ssari
7
BTCUSD Technical and Fundamental AnalysisA very Good Morning to everyone! Hope everyone achieved their take profits today = ) and remember to like and follow if you enjoyed what you see! On the daily D and H1 Time frame, BTCUSD seems to be doing well as I expected, breaking out of the channel with strong buying pressure as described in my previous post. Now we look towards for BTCUSD to retest @ 10300 resistance line, a safe LONG opportunity would see us a closing BULLISH candle pattern above @ 10350, and for more moderate traders who want to be really safe: a close above 10500, a peak that was last touched but rejected in Mid - Febuary 2020. To watch for: - A close above 10500 --> LONG opportunity to next resistance levels @ 12081 and @ 13000, the historical highs that were last touched in July-Aug 2019 but proved to be a major resistance level to be retested again - A rejection at the 10400-10500 level (nearest minor resistance level) would see us a SHORT opportunity to targets of nearest support level @ 9518 or even lower @ 8500 --> Would wait to see a rebound from those levels after that in that case (Personally I would not take any short positions with the halving only a few days away, do not want to risk a sudden spike or bull run) Technical Indicators (LONG/BUY): - MACD showing us a bullish green - Stochastics pointing out a very BULLISH pattern with points high above the 80 benchmark --> 91.88 at the moment Overall, the odds are in the favors of a strong BULL. Here are my two cents for BTCUSD, hope y'all enjoyed what I shared. Feel free to comment and feedback! = ) Regards, Gol D Roger, A humble beginner trader
GEMINI:BTCUSDLong
by Gold_D_Roger
6
IMPRESSIVE! The BULLS don't take a BREAK!Hello everyone! The bulls are strong here on BTC! They managed to keep the prices up, even after a very strong bullish trend, which is impressive. We did catch that bullish trend by the way, we were long from U$ 7k to U$ 9.2k, and you can check how we did this trade in my previous analysis, links bellow. Also, remember to follow me to keep in touch with our trades and analysis . You guys know my trading style. I’m a swing trader, I like to surf a big wave, instead of day trading and trying to earn money from the noise; Also, I use a no-indicator approach, the price and the volume tells me everything; And I use 3 main time frames to support my decisions. I’m a simple trader. Now I don’t see a huge opportunity on BTC, and in my view there’re more interesting assets to trade right now. But BTC keeps doing some very technical movements, let’s see the hourly chart: Now, BTC seems to be trapped inside an ascending channel, which is good news to the bulls. There’re clear supports and resistances, and if the bulls keep the prices above the U$ 9,485 it will be phenomenal. Speaking in phenomenal, if we look at the weekly chart, we can see the huge potential BTC still has. Just take a look: I think there’s nothing to say here. We may see BTC hit the U$ 20k if e escape that descending channel, and it seems we will do that. Keep your eyes open here! Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
5
Bitcoin Bull BreakBTC bull break from the rising wedge, testing a little resistance in the $8150 area now then we're free untill $9250. RSI's are getting overbought as the move keeps going with little to no consolidation. First 5 minutes oversold after a bull run is key for a short term bounce. Bulls who entered in the breakout should plan the stop-losses, if you're going with the daily, 4 hour, 1 hour uptrend. With no resistance till $9200's the price can move easily as shorts have no point to put a stop-loss. The EMA 12 has been a rock solid support in the 4 hour.
by diegovelasques
BTC Finally making its move!Ladybugs and germs, We have a pattern within a pattern within a pattern. We are back in the upward wedge, which has formed in a declining wedge, which has formed in a symmetrical triangle. Looks like BTC, after shaking out leveraged longs with its move to $6,400, is now headed to .... drum roll... the 50 weekly moving average (in green), where I believe it gets rejected. I think that it probably gets there when the 50 intersects with the top of our channel. At least that's what the Stochastic RSI is telling me as well as the RSI. The stochastic will probably make it to 61 and then get rejected. Similarly, the RSI looks like it's going to hit 55 before being turned away. So, based on this weekly chart, I think that it's good to be long for the moment. At least for the next $1K in price action. Interestingly, this rally looks to continue until the halving, on or around May 12. And then... in good ol' buy the rumor and sell the news fashion: probably a dump. To where? I don't know, but the 200 Weekly is as good a target as any. By that time, it will probably be at around $5,800 - $6K. Finally, we will probably be in the symmetrical triangle until the fall. The vertical line is my estimated break out (or break down!) date, out of this triangle. Happy trading and stay safe!
COINBASE:BTCUSDLong
by LTSInvestor
1
The Different Ways To Trade The StochasticsCryptohopper Newsletter The market has been very volatile over the past month with Bitcoin crashing 65% to 3,800$ . The price has since made an astonishing 80% recovery in one week from March 13th until the 20th. Following the recovery to almost 7,000$; the price has continued to range between 6,900$ and 5,600$. During the crash, many traders have attempted to buy the dip, just to see it dip even lower. Today we will explore how you could mitigate this risk by using stochastics with region crossover. Without further due, let’s get into how you could have traded this past month by using the normal stochastics and the stochastics with region crossovers. Different stochastic strategies There are many different ways to use stochastics. Today we will explore 2 of them, along with their advantages and disadvantages: Stochastics oversold: This strategy involves getting into a position when the stochastics drop below 20. This strategy works better when the broader trend is in your favor, as it is expected for the price drops to be shortlived and to continue moving higher. The advantage of this is that you will be getting in at the lower prices in an uptrend. This strategy can be very dangerous during a market crash though, or when the price is bearish in general as you will be getting in the trade, while the price will continue to drop further . This can be seen very well in the first three trades where the price continued to drop lower even though the stochastics were already oversold. Stochastics with region crossover: This strategy involves getting into a position once the value of the asset in question rises again above 20. This strategy can work very well in a downtrend but also in an uptrend depending on the severity of the pullback. In a downtrend, this strategy increases the probability that you are entering the trade only when the momentum is back in your favor. This can be seen by the first three entries in the graph where the buy point was 7%, 8%, and 16% lower than with the oversold strategy In an uptrend, if the pullback is very large then this strategy will again ensure that the price will not continue [/b its descent once you enter. However, if the pullbacks are not very severe, then you will enter at a worse price point. Overall the stochastics with region crossovers is more conservative and can lead to higher profits when the markets are volatile, as it is the case right now. Join us at Cryptohopper, where you can automate both of these strategies along with many others!
Long
by cryptohopper
1
BTCUSD, I EXPECT A TURN IN THE MARKET!!Hello guys. This is my idea about the BITCOIN market. I expect a turn in the BITCOIN market !! 9 MARCH! Why i think that? 1. We see a parallel uptrend channel that as broken 2. We got a retest before the breakout of the uptrend channel so normally the real retest will come.. 3. The last 5 years i did research and a learn al lot about Gann trading.. with succes! REMEMBER: 9 MARCH TURN IN THE BITCOIN MARKET ON DAILY CHART. I hope i can help some people with sharing my idea about this market.
BITSTAMP:BTCUSD
by THE_ANONYMOUS_WINGMAN
What if BTC stayed SUB-8K for NEXT 5 YEARS?! Ultra Bear Scenar.What if we didn't see these prices again for five years? Do you think you'd stay in Bitcoin for that long? Why? Why not? I seem to recall seeing a chart somewhat similar to what I've done here many moons ago, but I don't recall where or how. But it paints quite an "interesting" picture to put it mildly... Bitcoin seems to Love patterns - sometimes called "fractals..." This isn't something I'm going to go into too deep here, but, it is my belief that the trajectory outlined above is one which any reasonable mind could deduce and conclude, based on simple reason and observation (and a little creativity :) Basically what we're seeing in this chart is my inferences based on the previous patterns and moods of BTC: showing we might be entering a serious if not the "final" stretch before we travel up to that final plateau of 100k. But it appears the journey there may be panning out quite a bit different than I I had anticipated... Though, if I'm honest, almost the very moment I drew this chart, and saw what it seemed to be telling me, you wanna know what I felt? I felt Relief... Why? Because it just seem to make so much sense... As unpopular or "unexciting" as a 4 year Bear Market may be, it surely isn't something any hodler of said asset would probably want to hear.... BUT, I truly truly believe that if this thing is to be around for the real long haul, this could turn out to be a very, very plausible scenario. I like to call it "the battle of the halvenings" (denoted by the Vertical Orange bars...) And this "dead zone" looks like it will basically persist between the next Halvening event and the following one happening in around the winter 2024, possibly not even reaching our Present Levels of 7.8k USD for another year after that ! It is true these "calculations" are certainly rough; but, they are close enough to get the idea, surely. How could this be good, you say? Well, it will be a REAL period of "relatively" stable currency, for one - evening out at around the 5K median or so... Also, this would give plenty of time for True, not only adoption, but actually Building the technologies to be adopted. After all we're Just now really seeing the space truly start to spread its wings... During this time a Stable currency with a period of "head down, eyes forward," in the scheme of things, five years is Nothing.... I'd love to hear others' thoughts on this... Tl;dr: Bear Market next four years between the Halvenings... Won't see 8 again for years... Old ATHs not returned to (i.e. 20K USD BTC) until Summer 2027ish, and then soon after, 100K by that Fall.... Am I off? Wayyy off? Little off? Iknow I'm "off," but, you know what I'm mean, ya'll... ;)) Thanks for reading!! Donations: BTC: 17NMvqjzNqjLrANAU6YPdfUa1kmnzKDwhp ETH: 0x58535641d4977684e5FbE82249b2eB6505a16953
BITSTAMP:BTCUSDShort
by gjones15
4
"We're goin Down, ya'll!" (But then back up with mega force :)I suppose my prior analysis was reasonably close (even though being still pretty new I ended up doubting myself, fomoing out, and messing up the trade :/ learning once again that if I just would have held off it probably would have worked out. Not to mention not having to have paid all those pesky exchange fees, etc. :/) Anyway. So the (inverse) head and shoulders didn't complete as expected; we're going back down. If we look at both the Price, and the Relative Strength Index or RSI, we see that he former had formed a First Lower Low, and as designated by the Red Line, I expect it to now complete a Second. This I expect we'll drop down to just above the $6300 range to create that Second Lower Low in PRICE. The reason I'm pointing this out is because if we compare BTC's Price Action to its RSI, we'll see that the latter is itself forming Higher Lows. And we know if we have: Lower Low in PRICE, combined with Higher LOW in Indicator (RSI), it is a perfect setup for a Standard Bullish Divergence. So it is my estimation that If Bitcoin's price were to drop by about 1000 dollars to around the 6300 USD range, this would also likely drop the RSI about a similar distance (see chart). Creating a Third Higher Low on Rsi. So looking at the chart we see: if Bitcoin's Price drops to around the 6300 USD level, bringing with it a commensurate decline in the RSI, this would create a "textbook" setup for Standard Bullish Divergence. At this point Bulls would be in "possession of the ball" so to speak, and in prime position to do a take off to the MOOOOOOON!!!!! (Or at least ready to check the engines ;) tl;dr: Short till ~$6300; then Moon! (back to above 8K - at which point we'd take another serious re-appraisal :) Happy trading! (This is all speculation and not professional trading advice. Merely some observations and personal opinions which may or may not be of interest to others.) #BTC #bitcoinforecast #cryptotrading
BITSTAMP:BTCUSDShort
by gjones15