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Cryptocurrencyanalysis

BTC/USD Looking At The Log Chart On The Daily TF June 11 2018Looking at the log scale on the daily timeframe, we see that price is still retracing some of the parabolic move that happened during 2017 especially. A Triangle pattern has been broken to the downside and the SMA200 moving average is also rolling over. This could lead to a sharp sell off and a move back to the trendline marked in the chart, which would perhaps coincide with the Yearly S1 pivot just abov the 3000 mark. The trendline could be the ultimate support for a deeper correction. But the current breakout could also be the bearish tendency to test the Monthly S1 pivot, which stands just below price now, around 6300. A close below the Feb 6 low at 5920 would be a signal that more downside is coming. Note that the log scale reflects the price movement in % rather than absolute price changes, so it can be wise sometimes to take a look at it, especially if markets are correcting strong or even parabolic moves. Overall, price broke below the Yearly Pivot point, early this year at 11500, came back and retested it from below and after that it has retested the broken SMA200. Price is approaching the horizontal support at 6000 and if broken next horizontal support may be the 4900 high from Sep 2017. Below that we are looking at the 3000 level with the trendline and the Yearly S1. On the upside, if price bounce and close above the Triangle, it will relieve the immediate downside pressure, and we could see a smaller rally back to the SMA200 for a start.
BITSTAMP:BTCUSD
by CapMoore
1
2018-6-8 BTC LONG (short term)BTC 1h chart is showing a reversal pattern (falling wedge) + a reversal oscilator pattern (bullish hidden divergence). Most indicators are still bearish, but I'm trying to catch a reversal here, so this is not a problem. If BTC managed to break up the pattern in current candle I'll not be entering the position because the R:R isn't good enough, I'll be waiting it to go a little down so I can enter with less risk and with a better profit target. Looking a bigger time frame, at 4h chart we can see the same bullish hidden divergence, we also can see that we still have an important support (green line) and have been failing to break a big resistance (red line). Both lines are forming a bullish pattern called ascending triangle, but we will need more buying pressure to break it. Stop-loss: $ 7490 Entry: $ 7557 Profit: $ 7727 Money management Volume: 8% of main capital Risk: 0.9% Reward: 2.25% This is my trading record. Never forget $DYOR Do your own research
BITFINEX:BTCUSDLong
by UnknownUnicorn288635
1
Tether Printing and Bitcoin PriceOn Friday May 18 2018, Tether printed another 250 million tokens, bringing the total supply to about 2.5 billion USDT. The last print was for 300 million tokens on March 20 2018. And the previous before that was for 100 million USDT on January 23 2018. It is no secret how Tether and Bitfinex are intertwined, as a simple search will reveal those involved with them. It is also no secret that there is a lot of distrust in whether USDT is in fact backed by United States Dollars on a 1:1 ratio, the market currently values it as such. Another concern about USDT is the ability to influence the overall crypto market one way or another. 300 million or even 100 million dollars worth of orders strategically placed on a single exchange, like Bitfinex, can literally move the market. You can read more about this at procinctu.info As for the chart, I just wanted to show the price of Bitcoin in correlation with the printing of Tethers. I used Kraken instead of Bitfinex on purpose, to make the data independent. The thicker lines show larger prints, the thinner lines show smaller prints. Also, this is on a daily chart, so it does not include volume spikes and movement on a smaller time frame, which probably would be more beneficial. But this is just to show in general the Bitcoin price and Tether printing alongside each other. You can track the Tether printing for yourself at omniexplorer.info Travis JMJ - UIOGD
KRAKEN:BTCUSD
by Procinctu
1
Reversal Area on BTCMy short has been closed and I am now looking for the most opportune time to enter a BTC position. 1st - I had market bought in to make sure I have skin in the game incase whales push. 2nd - I have 2 positions I am looking to fill & accumulate at which are shown in the chart. I will be trading a large Falling Wedge pattern. The bottom support has only hit 2 times so it should technically hit a 3rd time before breaking out. However, in anticipation of whale manipulation, I will be accumulating my position at different spots. We are seeing Bullish Divergences on the higher timeframes but STRONG bearish divergences on the lower timeframes. The goal isn't to buy the absolute bottom, but to create a safe, good position that will bring in profitable returns for when the reversal comes into play within the next day or two. If you'd like further discussion on my analysis, feel free to come join us in Discord via my Website link shown below on my signature. Cheers! -Wolfie
BITFINEX:BTCUSDLong
by TheWolfofPoloniex
When everyone stops to breath, it's time to load up!Dear Fans and Expositioners! When people stop to catch a breath, it's your chance to move ahead. I see a lot of peeps taking profits, and this is just 8 days before Consensus . Go figure? When people drop their precious ETH, it's time to pick them off the street. It's Christmas all over again. Are you scared of the dip? Do you fear it's gonna go further? Who cares. Is there any other liquid asset class today that could potentially return a 10x or 20x over a 2-3 year period? No there isn't. Crypto is the only game in town. Smart money knows this. You can trade bonds, stocks, gold or oil if you want - but this 'aint going to come around again. My-TA-sucks absolutely. Enjoy the ride.
BITFINEX:ETHUSDLong
by myTAsucks
Bitcoin - the unknown downtrend continuation? I found it! Yes, there is always a hidden trend in a chart, that isn´t just about connecting the highest higs and lowest lows. There is something in the middle, but the price clearly respects that. Just check the picture, there is ALWAYS a reaction, when the market gets to the border of this downtrend. I have marked it with orange lines, so you can clearly see that it isn´ t some accidental downtrend, but it is each case! Even these days, when we are by the rezistance line of the channel, we can see clear bounce down from there. So now what? I won´t lie you guys - nobody, really NOBODY knows. at this moment we don´t know what will be reaction for the border, but we see a re-test of this level, so there is a high chance that we´ll get through it to the upside, but even if we do, I am not buying, we are in a middle of mine field. There is so many major rezistances, that it seems more like one HUGE rezistance and I am not buying into this. In my opinion there is a really going to be one more whale dump, because this opportunity is just great for them. And when this happens I don´t want to own BTC because believe me, it will hurt a lot. Most of altcoins are actually going pretty good and I believe they have seen the bottom, but not BTC, no. Have an awesome trades and don´t forget to give me a like. If you want to get such an awesome information regullarly, that NOBODY ELSE GIVES YOU, please follow :)
BITFINEX:BTCUSDShort
by Blockspacecz
4
EOS BTC Price Prediction from 4-22-18There is an aggressive run but the growth is following standard fib consolidations. I'm expecting the price to increase a small percent followed by another consolidation towards the lower-bound trend line. Let's see how long this run lasts! I'd recommend setting 5-8% stop losses and re-buying if the current or next consolidation turns into a 1-2 day channel without a large swing. EDIT - Red text should read "29th," not "95th" as there is no 95th day in April).
Long
by thays
ETHEREUM - Bears triggered04.04.2018 ETH - Selling off in today's market, has definitely triggered the intraday breakout/breakdown bears ! Price initially began to break down at around 4am this morning, after failing to trade/close above the 200ema and was rejected for 2 bars, before entering a consolidation & flag pattern !!!! Price continued to break down further this morning.after failing to hold the equidistant price channel support and ascending trendline support from the swing low around $343. Normally we expect price to exit / selloff aggressively after breaking down from the flag pattern - which it has continued to do... The question is: where is Ethereum heading next? Price is currently trading around 366, with immediate support @ 345. The support level dates back to previous resistance on 15.10.2017, IF Price does fail to hold at thie support level and find traders to lift the offers, then we could see further DS to test $273, $186 respectively...... Info@intelligenttradingacademy.com Cryptocurrencies | FX | Equities | Indices
COINBASE:ETHUSDShort
by UnknownUnicorn2262924
Bitcoin - Where is it heading next?04.04.2018 Bitcoin - Hourly time-frame. Bitcoin has continued to selloff during today's market action, failing to hold/trade above the 200ema support level and intra-day ascending trend-line from the recent swing low. Price has now broken below this level after a period of consolidation and a confirmed H&S (Head and shoulders pattern). The question is, where is Bitcoin heading next after failing to hold these key levels?. Looking at the support levels & zones the next area of key support zone is between/around $6450 - $5900, which is a support/resistance level dating back to 22/10/2017. We are currently trading & holding on the 1 Hour Fibonacci retracement at the 382/50 levels. If we cannot hold the 50% Fibonacci retracement support level, you could expect price to descend further to $6700 - $6800. Key support levels are $6450 - $5900, if we break below here, we expect the market to range / consolidate for a while before looking to test the Lows of February around $6000 - $5800
BITFINEX:BTCUSDShort
by UnknownUnicorn2262924
1
A hidden GemCND looks like it is forming what my friend Dan Jeffries likes to refer to as the Ultimate Crypto pattern - downtrend followed by sideways accumulation and then a pop up. It is still in the accumulation phase and I hardly see anyone in the space talking about it right now. Which tells me the Market Makers are still building their positions. This is your opportunity to build one with them and see the kind of insane profits the 2015-2117 Crypto investors saw. CND is currently bouncing against a stronger long term support from before the last big rise. Retraced almost the full value from its previous low, but has still formed higher lows. MACD has curved bullish in accumulation, OBV looks good with a sustained rise in buying pressure since the capitulation wick into liquidity. Holding value against BTC over the past few weeks. Stoch in a confirmed bullish trend with several higher lows. CMF bullish trend that has not broken positive yet. There is just a lot to like here. Possible liquidity dips down to a double bottom - Price must hold above 750 sats Watch out for a break of 820 sats - bearish continuation possible if this happens. First target is 1600 sats but you can play it safe and collect profit wherever you want From an FA standpoint a $1 token value is likely - currently $0.07! -Total supply 2billion tokens. WItha $1 token value this product would only have a $2 billion market cap. Hybrid AI market analysis as good or better than systems used by Big Investment Banks and Hedge-Funds. ICO 6 months ago with consistent higher lows since. Token holding unlocks tiers of information from the system giving a real world use case and reason not to sell the token. This is one of the many fantastic products being built in the Blockchain space right now that is going to make its early investors fabulously wealthy. Enjoy This is not financial advice. I am not your adviser. These are my ideas and what I am doing. Sharing for educational purposes only.
CLong
by Nevermorejk
1
#1 Crypto Daily BTC/USD Any Bullish Signs? Jan 27 2018It has been a week of consolidation were price has been going sideways in the range 10500-11800. There is a Hammer candle still active from Jan 17 when price almost traded the Monthly S1. Overall, trend is bearish both using Ichimoku and MACD, but the last week this hasn't been reflected in pure price action, a situation that can be called bullish pressure. Since price did retest the Cloud after the breakout, it would be normal to see more losses and a continuation down. Thus, the picture is more in line with a deeper correction than an actual shift of trend. What bullish signs are there, except the non trendconfirming price action? We can see the MACD indicator about to make a cross. If price breaks out of the tight range it is in, and close above the 12000 mark, chances are we will see more upside on the back of a bullish MACD signal. Next resistance above 11800 is the 12600 Cloud resistance and S/R level. Bulls would very much like to see a close above the Cloud and the Kijun Sen (white equilibrium line) which would put the upper end of the descending channel in focus, as well as the upper Cloud. A close below the 10500 level from here will again expose the 9000 support level. The quiet price action of late with several dojis will normally result in a moment of increased volatility as built up energy is being released. Volatility has fallen back to the levels we saw 2nd week of Dec last year (ATR(14)) around 1500. This was then a resistance level before volatility increased up till Dec 22. Let's see if it will act support now.
BITSTAMP:BTCUSD
by CapMoore