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CRPTOCURRENCY

ETH/BTC 7/9/2020Welcome to this analysis of ETH/BTC. ETH/BTC has been in an uptrend since February after breaking out of a 6 months long double bottom reversal pattern. Since then it went sideways and consolidated for a bit more than 3 months, from the 8th of February till the 3rd of Jun. The consolidation looks like a symmetrical triangle pattern which is a continuation patter in this case. On the 3rd of Jun, the price broke out of the triangle, since then it has made a month-long rectangle range continuation pattern outside the triangle that got confirmed by a breakout and close above 0.02560 Sats. The overall structure looks like accumulation over time with a series of higher highs and higher lows and bullish continuation patterns. The target of the Symmetrical triangle is around 0.03180 Sats. The first major level of resistance above the price is the red box an around 0.03 Sats zone. The Price can reach those targets as long as it does not break below the rectangle pattern. This trade idea has 6 rewards to risk ratio. Good luck trading :)
Long
by Trader_Shayan
1
BTCUSD 9713.81 -0.36% LONG IDEA Good Day Everyone Here's an idea on BTCUSD pair, the ascending channel holds still on the 4H chart broke out of a descending channel withing the bigger channel retested the structure / level possibly signaling the bull are in control looking at higher time frames the sentiment is still the same the bulls are in control on the crypto hence will be looking for long entries on the pair as remains on Hunt for $10K as Holding Sentiment Gains Strength... _________________________________________________________________________________________________________________________ Target 1 - 9948.29 Target 2 - 10252.18 SL & ENTRY - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING ___________________________________________________________________________________________________________________________ IF you like the idea kindly leave a like, leave your idea in the comment section on the pair any comments welcome.....
BITSTAMP:BTCUSDLong
by PULEMokhothu
4
Break current triangle followed by lengthened market cycleLooking at logarithmic progressions has me thinking that it might be possible that we find support on the line we just broke followed by establishing a slightly higher high followed by undulating smaller pump/dumps that correlate with past events. We form a new upper resistance and therefore a new structure, we break out of this 4-5 years down the road. The market cycles are going to level out as time goes on in terms of highs and lows resulting in a more stable coin IF BTC doesnt become obsolete before then. I think this summer could be good for BTC and the market. Economy will open up, containment of virus will differ depending on country/state/province. Summer usually knocks case numbers down for respiratory illness due to high temps, humidity, and elevated levels of vitamin D, physical activity, spending more times in open spaces. Offices also won't be in a hurry to open back up due to the inability for them to justify moving admin and other office worker resources back into huge office buildings when they can just as easily work from home. Also, the logistics in using elevators, lobbies, and other areas while maintaining any level of social distance is extremely daunting and expensive. I think these factors will result in a less "spready" second wave. This adds up to the irrational, illogical market continuing to pump over the summer. The second COVID wave , in the fall/winter will likely bring another market correction with it, which will drag BTC with it. Also, ppl are on the media at these protests yelling "buy BTC, fight the power" at the camera, any publicity is good publicity, I guess. Summer=Pump, Fall/winter = Dump and or consolidation I think we'll continue to undulate, consolidate, slowly ascend into breaking a larger, future structure. Big, rambly, speculative, but I think a lot of what happens in all markets will be the result of COVID and COVID related responses from govs/industry. These are sort of predictable based on what we know about similar viruses and how govs and market has responded up until now. Whatcha think?
BITSTAMP:BTCUSDLong
by Tobi_Wan_Kenobi
Big picture for BitcoinHello friends, Before I get started - please leave a comment or a like to support more posting. :) I hope this finds you well. Although I'm bearish at the moment on bitcoin. The overall trend is UP. I believe as we work through the lower lows with the S&P 500. (which bitcoin runs with) We will work through the lower lows for Bitcoin as well in the up coming months. In coming months we will eventually get to higher highs as things get back to normal. Do YOU smell the blood in the streets? Happy trading friends. thanks, ---------- Disclaimer - This is not a financial advice - Pure chart speculation.
BYBIT:BTCUSD.PLong
by Jeffery-Callis
BTC.DCleaned up the BTC.D chart, as I feel now that bitcoin dominance is in a consolidation phase along side BTC price action. The D1 BTC.D chart has a falling wedge that is right below the 200 ema. I am almost 99% certain it will break up leading to another pump in dom & price of bitcoin. 68% will most likely take a few attempts B4 finally failing as BTC breaks up along with dom & heading towards the 200 ema weekly chart. There is some room for downside here to $5,500 level but thats really all I see and will probably be a great buy for a TP of $9600 next major area of resistance.
CRYPTOCAP:BTC.DLong
by Big_Mike716
If this is not textbook Wyckoff's theory what is it then ?In the last couple of days, I was overwhelmed with panic theory and I almost believed in emotional selling and a huge drop in the Bitcoin price. As soon as I saw the Bitcoin price is rising against the flow of all markets I understood something is not right and after visiting my charts again I was wondering how could I not see this. As you might know crypto market is not as big as other markets and most of the volume you see is faked by exchanges and the smaller the market gets it's easier to manipulate it. First of all, you can see how they used the panic state to drop prices as sharp as possible and absorbed all the selling in phase one then followed by the accumulation phase and buying climax plus low volume test at the end. If you are familiar with Wyckoff's theory you can see the phases completely. 1-huge fall in prices using news 2-accumulation phase 3-buying climax 4-breaking accumulation phase 5-low volume test Please let me know your thoughts in the comments.
GEMINI:BTCUSDLong
by arnemati
2