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Crpyto

Channel Down + Triangle Pattern (1day charts)Ethereum has continued in its downward channel, we had a nice bounce off the top of the channel at 128 and then we saw the price drop down and not push through the downward sloping resistance line. We are now currently in a symmetrical triangle that is looking like it will break to the downside. If it does drop to the downside, there is a big possible profit ratio if it comes down to the next biggest resistance at 84, and as much as it's probably being hopeful (I will be short), the next profit target for me would be around 60. Could be a good entry once the triangle pattern breaks to the downside and closes, but as we've seen there has quite often been a move higher before going lower, something to watch out for. Either wait for the drop outside the triangle pattern and open a short position on the retest/bearish candlestick pattern, or wait for the move to the upside and open a short when you see consolidation at the top. Right now ETH is looking bearish, but an early entry could wipe out any profits. *The blue lines with arrows are suggesting 2 possible bearish scenarios. Please leave a comment if you want to have a discussion about this, or if you think I'm wrong!
BITFINEX:ETHUSDShort
by charlesyo
BTCUSD approaching support, potential bounce!BTCUSD is approaching our first support at 3610 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a potential bounce might occur pushing price up to our major resistance at 4302 (horizontal swing high resistance, 61.8% fibonacci extension). Stochastic (34, 5, 3) is approaching support where we might see a potential bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:BTCUSDLong
by easyMarkets
2
ETH trade - easy crypto trading Bottom / Top Finder Look how easy it was to make money on ETH trades today. I used the Bottom / Top Finder indicator from CryptoRhythms Step 1. Contact Jamie (the heirophant) here on Trading View and get his great indicator Step 2. Load up your favourite chart and add the indicator Step 3. When signal is sell, click SELL on your favourite exchange Step 4. When signal is buy, click BUY on your favourite exchange Step 5. Enjoy profits note: SELL and BUY boxes added as a guide in this idea. mention Flinty for a discount
BITMEX:ETHUSD.P
by paulflint
Bitcoin Bull Bear Cycle PatternI was curious Bitcoin's market cycle. If this uptrend is valid current chart pattern might work. (If current price can not hold the support line of uptrend, this chart will be useless) Since beginning of Bitcoin till now, the market had three times of bull market and three times of bear market. Each bull market's profit percentage decreases over time. For example, First bull vs Second bull = 16% of first bull profit. Second bull vs Third bull = 25% of second bull profit. with this pattern we can guess Third bull vs Fourth bull = 38% of third bull profit. Like I said if Bitcoin price can hold current price range, we may expect price could hit around $275000. Previous top price (01 Dec 2017) exactly touched 50% of the trend line. If next top will hit another 50% of the trend line, we could expect to see next top on 01 Jun 2020. Same thing apply to bear market pattern. Just my personal view, my target will be $275000 on around Mid 2020. bull profit cycle: +317900% -> 51600% -> 12800% -> 4760% (maybe?) bear loss cycle: -93% -> -86% -> -71% -> -55% (maybe?) p.s. nothing too serious, this is not my final target, I approached for fun and curiosity.
BITSTAMP:BTCUSDLong
by GiraffePiWorld
1
BTC analysis Oct 16 | Stop before the drop | Bulls not defendingGood Morning TV! First of all thank you so much for watching my videos and giving me support through the months. I do these analyses to ensure that you make better financial decisions with your money in the crypto market. None of this is investment advice but it is advice from someone who has been in the ebb and flow of markets for 11 years now. I come from the traditional markets and even I have been surprised by the amount of false exuberance and enthusiasm in a space when the market is clearly giving you bearish signals. There is no glory in losing money. It's okay to wait for proper confirmations and signs to enter a market even when you've missed the bottom. The best traders in the world do just that--wait for confirmation for the market to give you confirmed trend signals. And I am telling you that Bitcoin has not given you any indication that a bottom has been created or that we're starting to go up. Even factoring in the large Tether FUD move from few days ago shows you we've come back down to old resistance levels ($6800). People fail to realize that retailer money does not move the market, at all. It's always the smart money, whale money, institutional money that moves the markets. And let me tell you that they have left quite a while back and they're not back just yet. On the contrary, I've said multiple times that they've probably acquired a significant amount of BTC to further dump the market. Those who do not understand institutional order flow don't realize that these folks have the capability to be under water for a lot longer for the time being to create liquidity from retailers only to rebuy your Bitcoin a lot cheaper. This is classic engineered liquidity. You can look up case studies of this by a simple Google search or basic market research. With that being said, I am 80% still convinced that there is further downside to go because of a few things 1. Too much bullish sentiment still left in the market 2. Capitulation has yet to happen 3. Bulls have not defended current OB strongly enough to create a higher high (prev. swing) to initiate some signs of reversal 4. The current PA clearly tells you that a majority of bulls who opened their positions around $6k area are not defending their demand zone strongly enough. They've either left the market completely or will have their stops triggered around $5500 and let prices sink to next OB ($3000-$4800) for fresh demand and new buyers I lean bearish into 2019 unless we break beyond the targets stated in the video: $6800, $7500, $7900, and finally $10.4k. After this the skies are clear for the bull run. Until then, stay vigilant and don't get caught up in the hopium. Cheers!
BITFINEX:BTCUSD
by TheAlphaTrades
42
$ZCL Long positionUsually I look at the shorter time frames and look for day/swing trades but this might be a long I open up soon. ZCL back into the strong accumulation zone that previously broke up 500% in 4 days. Insanity. Not necessarily getting a bag yet since the last accumulation zone was about 48 days and now present accumulation zone is on 30 days. Not typically a long type of trader but this chart looking really pretty. Time to do some fundamentals and decide whether or not it is something that can spike again. First target is 80% up from current price, at the 96560 Satoshi range (Resistance). If 44423 Satoshi Support breaks we fall into the next accumulation zone.
ZLong
by TradeTravelTeach
7 Reasons Bitcoin Is Bullish in Less Than 1 Minute. Hi Guys! So lets take a look at the Daily chart here. Looks like Shit, I know - BUT There is a positive takeaway. If we look back at the charts over the course of the past 365 days we see a trend that has repeated itself , quite expectedly on 4 other occasions. So the question is: DOES HISTORY REPEAT ITSELF? The LOWER Yellow line is a support line from which BTC has bounced. So how do we know the bottom is in? 1. Bitcoin has defended VERY well at 5900+ 2. Each time BTC has touched the BOTTOM of the BOLLINGER BAND (yellow arrow) AND that touch has correlated with an OVERSOLD STOCH (yellow circle) we have bounced back to an uptrend. This FACT has held true since Jan and I see no reason for it to NOT continue. WHERE DO I SEE THE BOTTOM? $6080-$6120 WHAT HAPPENS NEXT? Well I fell 90% confident we will bounce off this bottom in the next 48 hours and head back to $7k. BUT we need volume!!!! Now comes the interesting part. IF we break $5900, we will go to $5K and the likelihood of a further retract picks up exponentially. However I do not see that happening... WHY? Lots of reasons. 1. I see Bitcoin as being in a downward Elliot Wave and this squeeze should pop to the upside. Why????.... 2. Bitcoin has almost ALWSY supported its price at or above the price to mine 1 BTC (Currently $5800-ish) 3. BAAKT is kicking off on Oct/Nov and they will have a daily settled ETF. This may not have an immediate impact ton the price but it will open the floodgates of trust for institution investors and the SEC should be able to use the BAKKT ETF as a beta-test that they do not have to be accountable (directly) for. 4. Did we see the NEW SEC Commissioner? Hes bullish on Crpyto. That makes 2 of 5 and likely the extra push we need to get ETFS approved. 5. Unplug from the Matrix and look around. Bitcoin is becoming MUCH more widely known and accepted as a part of life (Hell Walmart is selling BTC Coin candy) and while I am under no illusion that that will change the price of the asset, it does speak to the fact that more exposure, means more adoption and more (slow to enter) money. 6. There is a tremendous amount of Financial institutions that are exploring,. launching or working on a blockchain enterprise solution. This will further spread the value behind blockchain and , thereby the Godfather of them all Bitcoin. 7. We are seeing a massive exit of get rich quick money and now slow-n-stead accumulation is happening. 8. Ok, this was longer than 1 minute. and YES I am bullish on BTC so my charting may be biased. This is not financial advice, just sharing my thoughts. If you like it, please give a thumbs up and leave a comment! Love to hear what my fellow Cryptowarriors have to say!
BITFINEX:BTCUSDLong
by Bruce_Wayne
11