Get started

Charting

$BTC Weekly View: The Bear Market That Never Was.It's easy to lose sight of the bigger picture. I don't really use Ichimoku to trade but I find it useful when I want to take a step back. I made this chart as a daily reminder to keep the big picture in perspective even (perhaps especially) when trading smaller time frames. We could still break lower from this weekly consolidation but in my opinion it's looking less and less likely. I hope this chart might help anyone who needs a little perspective from time to time.
BITFINEX:BTCUSD
by cryptopiggy
XMRBTC Testing All Time HighNot much to say here - 28k-30k sat range proves to be a tough resistance line, even after a nice pop middle/late last week. Volume way down on the current red daily is a good sign, even though the drop has been significant in the short term. I have ZERO idea how to draw a trend line on this, so we'll sit on the resistance lines and pretend we know what we're talking about. Bull: Sky is the limit, but 30-32k sat range is going to require a great deal of volume. Bear: Test 24k again, probably falling as low as 18k if it fails.
by JoeyGrams
6
ADABTC Meets resistance at 3200 sat levelADABTC meets some resistance where there was matching violence in a bear trend back in Feb - not much volume on these alts compared to "altszn" last year, so this isn't a really big deal in my opinion. Still a nice accumulation zone in all likelihood. Still bullish, and apart from the chart, we all know alts will rise again sooner rather than later. Bear Short Term: Fail to fins support at 3200 sats, falls below 2900 sats over the next day or two, fall to 1800 sat range for retest early June or sooner. Falls below the 50 day MA sometime in April, bull's weep have to return their altszn merchandise. Bull Short Term: Steady rise, consistent volume, test 4200 sats before May 12, find heavy resistance in the 5300 sat range. Take profit, take off your winter tires and go buy a pair of flip flops.
by JoeyGrams
Is $5k the Bitcoin bottom?Wanted to share my perspective on the recent sell-ff and areas to watch for support bounces to the downside. No one can predict exactly where Bitcoin is going to go and if you hear someone say they do run far far away. I am simply putting together potential levels based on TA other traders are going to be watching as well which can create a "self-fulfilling" prophecy. More than likely I feel Bitcoin will re-test the 6000 lows that were made in early February. Simply put Bitcoin will either put in a patented double-bottom pattern (a common scenario that happens in traditional markets) OR if the 6k lows are taking out the 5k test will find massive support. On this daily chart, the 78.6% fibonacci retracement just so happens to sit right on the 5k level which was a key resistance break/benchmark in 2017. Regardless if that ends up being the "absolute bottom" there will most likely be a nice swing trade opportunity especially if the flush out happens on high volume/velocity.
BITFINEX:BTCUSD
by mrfrush24
Looks like a tough ride ahead for BITCOIN !! Brace yourselves!!Hello fellow crypto traders!! Let me get right into it! Bitcoin prices has been dropping since it's all time high top. Coincidentally (or not), the all time high date was the day that CME futures started. From then, we have so far dropped from 20k down to 6k and bounced. But that bounce had retraced quite a bit and it seems that BTC is heading further down from here. The 50 days moving average is going to cross over the 200 days moving average in the next few days and that usually signals a bearish outlook for the medium term. CCI index also shows consistent strength in the selling and not looking to ease any soon. Then, we also have the large head and shoulders formation confirmation where BTC had pierced thru the neckline. We shall see if it can return back up above the neckline and save itself or simply resigned to it and the neckline becoming a resistance. Based on an educated guess, I and seeing BTC heading towards the $1000-$2000 levels before the bear market is concluded. This chart is only for educational purpose and all opinions are expressly my own. Good luck!
BITFINEX:BTCUSD
by ritsol
2