Get started

Btctrading

Renko Bricks Seemed to have Panned Out!As we are seeing in the recent day or so, it appears the double bullish divergence called has played out after all - resulting in an over 6% rise in price at the time of this writing. So let's stick with what works, eh? Returning to Renko, just plotting out some possibilities seems to show this bullish trend extending Bitcoin possibly up into the $7800 -$7900 range over the course of the next few days to a week. And this is exactly what I'm thinking will occur. I've put my money where my mouth is for the time being at least, and am sticking with my long position. Happy trading, all!
Long
by gjones15
BTC (Bitcoin) analysis 14.11.2019Bitcoin climbed above the $9,000 mark on Sunday, November 10 and ended the session at $9,029 with a 2.5 percent increase for the day. Still, it was 1.9 percent down on a weekly basis. The most popular cryptocurrency opened trading on Monday, November 11 with a huge red candle on the daily chart after bulls were once again rejected around the above-mentioned critical level. The BTC/USD pair erased 3.5 percent of its value and stopped at $8,718. It entered a downtrend on November 4 and we were already looking at the 50% Fibonacci ($8,465) as the next support zone. On Tuesday, November 12, the coin was trading as low as $8,555 during intraday but managed to close with a slight increase to $8,809. Bulls returned to losing ways in the mid-week session on November 13 when BTC dropped further to $8,749. We are obviously in a downward channel, still, I'm bearish to neutral in the short-term given the current setup. We already saw BTC trading in a similar way in the $8,500-$9,000 zones before. The 50% Fibonacci level is still in place as we expect a further drop to mid $8k levels and consolidation before going up.
BITSTAMP:BTCUSD
by FutureBlockchain
BTC- Short timeframeThis is a continuation of my first ever post minutes ago.. this are my targets.. my resistances at red and the bullish support at black where i will be rethinking on my bearish sentiment if that line doesnt get break down in the short-mid term.. in the end im thinking simple as i always try to do so in trading ... if my short time frame resistances dont break in short term like the 8.9k and 9ishk i belive we will get pushed down to that channel of 7.8k - 8.7k again and confirming my theory that the bearish market is still a few months away of ending .. Simple strategy 8.9k - 9k resistance if btc cant pass from this shortly we mostly will se a down movement to 8.4k or 8.5k and after that 8.7k becomes resistance and the stair pattern like this to the previous low of 7.4k where i think we will break down with capitulation fase of bear market to 5k-4.5k and start the new steady and rising bull market .. Please comment your opinions good or bad about this .. it can be TA opinions or fundamental oppositve or in favour i just want to discuss this view with others.
BITSTAMP:BTCUSDShort
by heartstonned
Bitcoin (BTC) already looking at $10k and $10,500BTC successfully rebounded from the 61.8 Fibonacci level on October 23/24 and after registering a small loss to $7,433 on Thursday, October 24, The work week ended with a bang as the BTC/USD pair formed one of its largest candles ever and added more than $1200 to its value. The 16.5 percent increase helped the leading cryptocurrency to reach $8,658. On the first day of the weekend, Saturday, October 26 it extended the gains and moved above $9,000 to close at $9,253. The coin added another 6.8 percent to its value and was trading as high as $10,344 during intraday. Bitcoin was trading higher on the last day of the week and reached $9,550 closing the 7-day period with a 16.5 percent of increase. Bulls need to consolidate above $9,700 and attempt a move towards $10,000 and $10,500 in order to confirm mid-term bull run.
BITSTAMP:BTCUSD
by FutureBlockchain
Bitcoin (BTC) still in no mans land - price analysis 21.10.2019On October 17, bitcoin regained its position above $8,000 and ended the day at $8,070 as the major support level did not crack under bear pressure. On the last day of the workweek, BTC hit $7,800 during intraday, but limited loses to $7,950. Neither bulls nor bears were able to take over control and establish a solid trend. This was even more obvious on the first day of the weekend, October 19 when bitcoin closed with almost no change after trading in the wide range of $8,100-$7,880. It recovered to the levels above $8,000 on Sunday, October 20 and closed the day with a 3.4 percent of increase to $8,239. BTC remained flat for the 7-day period. The short-term downtrend is broken as BTC successfully rebounded from $7,800. If bulla ger again rejected at $8,300, we can expect a drop to sub-$8,000 levels. If not, it will require additional efforts from them to consolidate above the mentioned level and form a trend.
BITSTAMP:BTCUSD
by FutureBlockchain
Bitcoin Entered Decisive Phase $20,000 or $6000Bitcoin is pretty much harmonic in past few month. Many Bat and Gartley patterns are successfully printed on the chart. This time bitcoin is showing the formation of Bat pattern which is mostly likely to touch two very important levels 11300 and 12000. Intresting facts is that last two pattern printed by bitcoin are both bearish patterns which is holding support levels around 9500. This support and resistance levels (showin the chart) are also forming descending triangles roughly which is makes my analysis more contstructive. What I advise is that we should hold bitcoin for atleast 11300 level because bitcoin is about make a bigger move in this year end which will be defining the next year support level. Dont hesitate to hold bitcoin inspite of daily +-$500 movements. I believe the same scenario of 2017-2018 will be repeating it self, bitcoin will be touching greater price levels after breaking out from the descending triangle pattern. I am keen to hear from you, what is your idea about bitcoin in last quarter ? Good Trading Calls : t.me Group Talk : t.me Contact Me : t.me
BITMEX:BTCUSD.PLong
by Good_Trading_Calls
Bitcoin has three options...There's multiple realistic options that I can see happening but these two are what I'll be looking at. We bounce off the 22 EMA go for a retest of the short term top. We will see either a rejection (red) or bull break (yellow) with bulls targeting the meme number of $15k. From there it's anyone's guess as to what will happen. Personally, I feel a consolidation period coming within the next two months before the show really starts this fall/winter. The third option would be a bear break and from there I'd be monitoring volume.
BITSTAMP:BTCUSD
by tired_man_willis
2
Bitcoin Full Elliot Wave Analysis (BTC)Bitcoin long term analysis. You can see my whole setup from the all time high. It might be too chaotic and messy to see, sorry for that. But if you know Elliot wave count, I do not think there will be a problem. After the all time high I suppose WXYXZ full correction happened. Before finishing the Z wave $6100 area was holding the price very long time, but when it break the support with triangle correction patter it made a huge dump to $3200. For me, Bitcoin finished its WXYXZ correction on $3200. Recently it broke the resistance line and huge spike has occured. I see it as impulsive wave and need a decent correction to enter long position. It might be the start of the next huge movement, but need the break $6100 area, previous support, as confirmation.
Long
by Purvee
1
5-week pull back just started on BITCOIN! When and where to buy!Well you can't say you weren't aware that today's red candle was coming. All the signals were there and I tried to put them into context for you: Either with the 1D RSI - or - The 1D MA200 Today is no different and I have another indication showing why I am waiting to buy more lower ahead of the new bull cycle. On the 1W (weekly) chart, the RSI reached 58.000 every single time following the bottom of the bear cycle. Each time that happened, it aggressively pulled back. In 2012 by -47% and in 2015 by -37%. Since the sequence is descending I expect a slightly less this time. What is even more important is that the RSI rebounded around 44.500 in 2012 and 41.000 in 2015. Practically this tells us where to buy when the current pull back is completed. It is worth mentioning that the duration of both pull backs was 5 weeks. The combination of the above is telling me roughly when and where to buy again. Bear Cycle's bottom ---> Weekly RSI to 58.000 ---> Pull back ---> New Bull Cycle Do you agree? I welcome every opinion, especially opposite ones, on the comment section for a heated discussion! See my two recent studies that were an early signal of today's price drop:
BNC:BLX
by TradingShot
23
Yet Another Great Shitcoin For Quick Profit - MDA/BTCWe see the global Triangle formed on this awesome coin's price. It's new, we see nice volume entered and left during autumn of 2018. Now, using Fixed Horizontal Volume, we see obvious volume accumulated near the bottom line of triangle, that can't be avoided by experienced trader. BUY ZONE : 20600-21200 Why here? Bottom line of the triangle, huge horizontal volume, 38.2 Fibo Level of previous growth. Awesome enter point. STOP : 20577 agressive, 20469 safe Use second one if you wanna insure from local price punctures TAKE1 : 22488 - first Fibo level (78.6), short-term TAKE2 : 23857 - second Fibo level (61.8) + triangle top line + strong horizontal line - THIS TAKE PROFIT LEVEL IS OPTIMAL Breaking TAKE2 we'd break the triangle up and come into the new growth phase with huge possible profit. Would advice you, guys, to set up 3-5% trailing stop after that and let this rocket go :) How To Always Be Ahead Of The Crowd? Entered this trade with my premium subcribers at 20600-20700 zone some time before. Wanna join for FREE? Type me in Telegram @DenisSmalianyi or send mail to cryptohacks.pro@gmail.com and I'll give you a one week trial for free
MLong
by Densmol
Is $100,000 possible for Bitcoin before the next Halving?Although the Fibonacci Channel says it is, since the price is currently on the support, Bitcoin's historic price action shows that the parabolic curve will continue to dictate the direction, until it breaks (either way) or becomes asymptotic. We can't yet confirm those scenarios. What we can confirm is the behavior before each Halving. Halvings tend to initiate new bull markets on BTC with parabolic growth. Before those the price accumulates and distributes, the phase we most likely are in today. What we can also evaluate is the decelerating rate on both the Highs and Lows. So I assume that the next High will again have a lower growth rate than the previous one (thus extending the curved pattern), which makes me believe that $100,000 is not possible for Bitcoin before the next (3rd) Halving. It can be achieved though by late 2021. Let me know what you think in the comment section! See another similar study based on the RSI: The argument based on the Fibonacci Channel:
BNC:BLXLong
by TradingShot
3
Update: $BTC is Going Back to 7K! Here is Why...This my update from my latest BTC update (you can get it here: ). I wanted to do it in a higher time frame which is 4HR and before was 1HR. As the boxes is not relevant right now but the RSI level and 2 others indicators are looking pretty bullish sign at the very moment. Including the price action supporting so. There will be a 40:30:30 for my bullish:bearish:side way (ranging 6200 - 6600 in couple of days/weeks as this chart stay valid), at the moment I see that we might probably heading towards 7K because of the first is majority of the market really glad if we're doing so and there are a lot of positive sentiments lately that indicates and supporting this might happen. We'll see it at the end of this month by the way. Will re-asses my chart if it's get invalidated by bearish momentum, if we just break 6200 - 5800, it will be quite down ward for me. On top of all, the bearish sign coming actually from the market maker, which are having a lot of of this holding / fiat to moving the market up and down, and there are tendencies moving the market down. Even tho there are actually those market makers who can make the price going up, but they just don't want to risk it all since they also get beaten by another market makers probably, so it's better for them to watch from the sideline and waiting for the trend change. It's safer than betting against the market. It's already a month after our a dead cat bounce crawling from the bottom to the top of 7200-7400 and then dumped so well back to 6100 in a matter of second. This is what I'm defining as market makers (: So, trade safe! Support me by follow, likes and sharing this idea. Cheerio!
COINBASE:BTCUSD
by blockchaindedi
Bitcoin about to surge up, retracement before going long!BITFINEX:BTCUSD Past Trend Bitcoin has finally passed through the bearish market and is now in the clear for a bull run, the entire crypto market as of now is seeing green across the board for the second time within a 7 day time frame. Bitcoin has also crossed all 3 moving average time frames that which I typically use (25,50 & 100 periods). This is all extremely positive indications for Bitcoin - indicating that the bearish run from the highs of 24th July 2018 has finally ended and that it is time to start looking for long positions in the market. Price Targets We should be looking for Bitcoin to retrace to the ~$6400 range before entering a long position for the ride up to the next Fibonacci level ($7260), a solid 11.52% from the intended entry level of $6479.9. Do keep in mind that resistance will be encountered on the wave up at the $6794.4 range (indicated by the red rectangle). RSI RSI is currently sitting at the 67.59 mark - right below the overbought level. Thus validating the retracement to the ~$6400 levels before our 5th wave up to the intended price target of $7260. We can also suspect that RSI levels might bounce off the RSI high of July 17th 2018 (4 Hour chart) when heading into wave 5. Wedge Price broke out of the wedge to the resistance levels of $6794.4 and we should expect there to be some resistance continuing forward in the market. Price could retrace back within the wedge before making another attempt on the ceiling, before breaking up toward the ~$7200 range. Momentum As of now, Trix is looking highly favourable for a long position having all four averages having crossed the baseline into an uptrend momentum range. Keep in mind the wedge surrounding the averages, having formed from the low of 18th August 2018. We can expect momentum to slow down temporarily over the next 2 days whilst ramping up to take out resistance at the ~$6800 level. Elliott Waves Price action has completed wave 3 within the past 4 hours and we should expect wave 4 back down to the ~$6400 range over the next 2 days before continuing back upward. Wave 5 should take us to the $7260 mark before retracement and sideways movement in an ABC pattern. Things to keep in mind Price could continue moving up (then wait for next retracement down before entering position). Otherwise Entry - $6470 Price Target 1 - $6794.40 | %4.37 | (Fibonacci level 1) Price Target 2 - $7260 | %11.57 | (Fibonacci level 2) Overview Bitcoin looks like it's about to embark on its bullish run for the first time in a month, which could be the beginning of the way back to $20,000 (fingers crossed). Look to enter after the retracement, either when it is back down to the ~$6400 range, or after it has moved up further and retraced (unlikely). ------------------------------------------------------------------------------------ ElNOIV
BITFINEX:BTCUSDLong
by NOIV
BTC- Go ZoneHello cryptobabies, welcome to today's amazing analysis. The correction came in at a low of 8659. I had limit orders set at 8659 with two different exchanges and am sitting nicely. The descending wedge broke out and BTC has now definitely finished retracing the 4th wave and as planned in 5th wave right now. As you can see the 5th wave will itself comprise five 2 smaller subsets of waves. On the 15 min chart we have subwave 3 ending at the conservative side of the 1:1 Fib level. The confidence in getting to $10k sits with the stability and progress of the Elliott waves. If the posted high for the 3rd subwave surpasses the $9500 then an even more optimistic target can be assumed. BTC is currently in a textbook rally and bulls are gaining traction in market cap volumes and trade. Getting in at any price under $10k will soon become the motive to buy more BTC and so on. If have seen a few alternative bear analyses but its all fluff and always sitting in a no trade zone. Anyways good luck with it all out there, and take care.
BITFINEX:BTCUSDLong
by UnknownUnicorn2742699
1
BTC - Busting down the doorHello cryptoheads, whats up? I told you I would call back when the correction is near complete so here we are. The wave count has come in text book style with nice symmetry and evenly spaced pivots. As expected the correction will not be deep and is hovering the .382 Fib line. We are still waiting for a fifth and final subwave down to complete the wave series and the descending triangle. Once complete we should see a breakout on the upside and on the path to $10000. There is no mistake there will be a fifth wave up. On the whole being conservative I would say BTC will be testing 75% of the ATH price by end of june. There are many bullish aspects to the market and it will continue to recover.
BITFINEX:BTCUSDLong
by UnknownUnicorn2742699
5
BTC it not as bad as it looks.....the only way is upBTC First let me start by saying that some dire warnings made by so called experts are just nonsense and there is nothing technically that should warrant doomsday predictions. Yes the market is downtrending and coming up to some critical levels but they are normal cycles. BTC is a pure fintech product dynamically existing in the market. The 5 wave count up to $10000 is actuallystill in play. We are still in wave C and correction of wave 1 and its looking like there is some support at $7800 and a C wave will normally will hit the 1.618 fib level sitting at $7600. The problem here is while it should support if it shatters through then there is little support until we get to $6000. I think it is not probable as BTC does not let you buy at the very low twice in a matter of 2 months. There are 2 possibilities from and here they are. Firstly the bullish scenario....Wave C will not extend and be exhausted at the $7600-$7800 zone. The more it acts as a support and keeps touching as time goes the more likely it will bounce as the bears will have tested it and run out of steam. We are sitting on the golden pocket zone of (.65) of wave 1 and usually acts as a support for the Wave 2 retracement. A move up to $8500 (61.8 fib) will confirm Wave 3 of the primary wave count is forming. If there is a doji on the current 4hr a possible reversal can occur. Also a break above the channel is a positive move upwards. Secondly the bearish scenario, the levels hit the purple line and Wave C extends shattering through to the yellow long established support line which we have to respect. However, it gets to the yellow support line watch for a bounce or further drops to the next support at $6000 are possible. This can move quickly and if it hits the bearish zones and drops the bounce will also be quick so I suggest you make your mind up if you want to buy the dip and set some auto buys. Chins up and happy trading.
BITFINEX:BTCUSD
by premiergeorge