Perhaps the long-awaited consolidation of BTC has already begunThe formation of the consolidation form begins. In other words: “pause” in the trend, when market participants “gain strength” to continue it. This may be a pennant or a flag, it does not matter. It is important that this will be another confirmation of growth in the medium-term policy.
If the basis of the data on possible figures, it usually happens in equal magnitude of the previous movement. From here and the resulting levels of $ 10,000 - $ 10,500.
Of the minuses of this scenario, we only have a protracted consolidation (it may well last until the end of June). But again, this minus is blocked by the inevitable growth of altcoins with such a development of events.
As a result, we have an absolute predominance of warm colors in the picture of the market).
Cryptowolfsignals
Delaying ETF does not stop BTC growthMay 21, that is, tomorrow there will be a meeting on ETF. It will be postponed as always and will hardly be able to somehow affect the BTC price reduction.
Firstly, because everyone knows that they are likely to postpone it.
Secondly, because during the uptrend, the "negative" news of the FA has a minimal impact on the asset price (as well as the "positive" news during the downward trend).
It is possible to close the gap on CME at $ 7,180, but for further decline, more serious reasons are needed. But if a miracle happens and the ETF approves, we will see unprecedented growth to $ 10,000 - 11,000.
Wait is not long.
The risk of falling BNB is 70%The long-awaited correction of the BNB has finally begun. At the time of the publication of forecasts, it already has more than 20%. Most likely, it will be only 15-17 dollars. The investment attractiveness of BNB has grown so much lately that it could change the natural course of events.
It's funny that only the news of the theft of 7000 BTC from Binance wallets was able to launch this process. The last time such “thefts” occurred in July 2018 after which the BNB fell by 70%. Coincidence?!
Why is BTC going up yet?11% of the US population owns the main Bitcoin cryptocurrency (BTC), according to a new survey published by Blockchain Capital on April 30. The survey was conducted in six key aspects: awareness, familiarity, perception, conviction, propensity to purchase and possession. The figures have risen significantly since the same poll in October 2017 despite the “bear market” 2018.
These indicators are growing and will continue to grow with the development of the infrastructure of the blockchain sphere itself around the world. Higher awareness = higher trust = more frequent use by the public = higher asset rate. With such dynamics, Bitcoin cannot fall in price in the long term (hello to HODLers).
Considering other factors of long-term growth, perhaps a new “bull cycle” really begins ?!
Soon backache for BTCConsolidation, which lasts from 26.04, is approaching its logical conclusion. At the weekend, the price could not determine its direction, which means it will do it within a week. Growth factors are futures GEP and small divergence. On large TFs, everything is quite difficult, since the paterns are not allowed to work out the fundamental and manipulative factors.
BTC. Will we continue to grow ?!Bull potential is not yet fully exploited. I think that now we are gaining positions for growth. Perhaps we will also correct the resistance zone between $ 5300 - 5370. The intermediate goal of climbing is $ 5800, but we can potentially break through $ 6000. The power of the impulse is difficult to predict as there is still a divergence with the STOCH indicator.
Local fall of the BTC can not be avoided? ..There is a high probability of retest $ 5000 . The accumulation of sales volumes at levels $ 5090-5110 will make it much more difficult to hike prices higher. The imminent fall in prices from these levels, so far does not meet any resistance from buyers. If the situation does not change in the near future, the local minimum is likely to be updated.
Why is it possible for TRX to grow fast ?!The situation with TRXBTC (Binance) seemed interesting. Since the end of January 2019 he is still in
fall phase, without serious correction in the opposite direction.
Although the reasons for growth in this asset is more than enough.
Fundamental factors:
1. Partnership with Tether, which will lead to the release of USDT tokens based on the Tron blockchain. The launch should take place before June 30, 2019.
2. The appearance of Tron on the 2nd place of the cryptocurrency rating of the Center for the Development of the Information Technology Industry (CCID) of the People's Republic of China. In general, in evaluating the CCID, the TRX assigned an overall index of 145.6. For comparison: in Ethereum it is now equal to 139.2, and in Bitcoin - 104.5.
3. A rather large share of influence in the cryptocurrency media space with constant releases of news about major cooperation with Tether, Ethereum, BitTorrent, and so on.
Technical factors:
1. Bullish class A divergence on the D1 timeframe indicates a high probability of growth.
2. Inevitable rebound from MA (200) on the same D1 in the very near future.
3. TRX is one of the few coins of the first 20 with coinmarketcap.com, which did not give any significant growth in 2019. This allows us to hope for growth, especially in conjunction with the above factors.
A fairly unambiguous picture emerges, but one should not forget that there is almost no uniqueness on the market. Much depends on the decisions and statements of developers, as well as on the general situation in the cryptocurrency market. Definitely worth allocating under TRX a certain share of your cryptocurrency portfolio.
LTC (Bitmex)LTC (Bitmex)
Begins correction for this instrument. The price is inside the rising channel starting from January 20x, January 2019. It is necessary to go beyond this channel to accumulate positions in the range from 0.013 - 0.0115. Locally, a corrective figure was also drawn.
We will sell from the level of 0.014.
Goals: 0.013 | 0.0122 | 0.0115 |
EOS (Bitmex)EOS (Bitmex)
A nice figure of continuation of the trend on 1D was drawn. Potentially, we can fully work out the value of the "flagpole" and reach 0.0012. But now there are quite big problems with volatility in the majors. Any bullish impulse suggests itself anyway. We will keep abreast of events!
XBTUSD 4H (Bitmex)XBTUSD 4H (Bitmex)
We have a descending triangle. The lower boundary of the triangle forms a horizontal support line, repeatedly tested in the past. The amplitude of oscillations inside the triangle is reduced. High probability of breaking through the lower boundary.
Then we should expect a decline to the level of $ 3900 - 3860. It is likely that before that we can go above the current local maximum.
Celer (CELR) on the Binance exchangeFrom day to day, the listing of Celer (CELR) on the Binance Exchange will occur. For now, everything goes according to the scenario of the two previous listings via Binance Launchpad.
Chances are high and for the 3rd time to repeat the "bullish race" on BNBUSD. This time, the price could go as high as $ 20 per asset. I advise conservatives to buy from the level of $ 16, and those "who like it hot" can start at the current price.
#BTC on a 1-day scale, we are within the Ichi cloud#BTC At the moment, on a 1-day scale, we are within the Ichi cloud, and in order to determine the future direction of the market, we need to go along the upper edge of this cloud, which will make it possible to touch higher resistances, to the 4700-5000 range. If we still go down and test the bottom look of this cloud, we will consider the discovery of longs.
STEEM / BTCSTEEM / BTC
The price breakdown of the resistance level, which became after that the support level, and fixing above it indicates the possibility of the price hike higher after a local return to it and a rebound
Entry price 0,000147
TP1 0.000161
TP2 0.000172
TP3 0.00018
Stop Loss 0.00011
Transferring to breakeven after 0.00017
#BTC The price is now in a confirmed uplink#BTC The price is now in a confirmed uplink channel, formed in the 20th day of January 2019.
If the "bears" do not concentrate their forces on the breakdown of the level of 3850-3800, then we may see a further price increase within the channel. Depending on the nature of the growth, we can expect an ascent to 4000-4250, where large volumes for sale are located. It is sad only that waiting for any of these scenarios can take from several days to a week.
#BTC With a high degree of probability, we will see new lows.#BTC
If we talk about the fractal, then we can see the removal of stops near or above 4500
Until we broke through 200 ma about some turns and “to the moon”, it’s too early to talk, be careful.
Positive is still small, with a high degree of probability we will still see new minimums.
Bitcoin technical analysis. BTC-USD on February 12, 2019Despite the visible bullish figure on a 2-hour scale, the larger market is very neutral. We have good support around 3450 (Bitmex) and very significant resistance slightly above the 3700 (Bitmex) mark. To determine the future direction of the market, we need to go beyond the current flat, in which we have been stretching since January 10. On a more global scale, it is now difficult to predict whether we will go to previous heights or will strive to get new lows, with the current volatility we can continue to move for a long time at current levels.
Bitcoin technical analysis. BTC-USD on January 29, 2019If we consider the possibility of a positive scenario for Bitcoin, then we can be in the lower part of the market cycle and we see the formation of a downward wedge, a pattern that indicates the possibility of further upward movement. Now we can observe a false breakdown (bear trap), but it is worth noting support areas that can hold the price well, and a further rebound can overrun the test of the upper edge of the wedge, the breakdown of which will allow the market to move higher up to the main resistance now. This scenario may take a longer time than the graph shows, but the potential to rebound to the Fibonacci levels of 0.618 and 0.786 remains in force and should not be neglected. Since most of the “crowd” is waiting for a drain, the market maker can expand the market without this drain, it is always worth remembering that very often the scenario of which is least expected. There may still be a few months of uncertain price fluctuations, but in the long run, Bitcoin shows very good potential.
XBTUSD trading idea for BitMEXPending stop orders for a pair of BTCUSD:
Risk per trade: 3-5%
Leverage: 15x
Long entrance: 3443; Stop loss: 3378;
Target 1: 3475;
Target 2: 3508;
Target 3: 3573;
Short entry: 3378, Stop Loss: 3443;
Target 1: 3345;
Target 2: 3313;
Target 3: 3248;
After taking the first goal, we move the position to breakeven.
Will there be a Bull Run?The market situation is increasingly beginning to resemble the beginning of 2015. Then, starting in February and ending in June, we observed an almost exponential decrease in monthly volatility. After that, the long-awaited "Bull Run" lasted more than two years. Now, in 2019, we may be seeing an accelerated version of these cyclical events. In December 2018, a sharp drop in volatility was observed, which also continued throughout January 2019.
Looking at these similarities, the theory of 4-year cycles of Bitcoin price movements, authored by Bob Lucas, seems more and more truthful. Based on his theory, in 2019 we will observe the beginning of a new cycle, characterized by an asset growth of 70-75% of the total time, with a maximum value near the end of the upward movement.
Bottom line: if Bitcoin is still cyclical in its movement, then in the next couple of months the sideways movement will continue. We will observe small fluctuations in volatility with a bias towards its fall. Bitcoin price should NOT fall below $ 3,100-3,000. And in the future will begin to slowly gain "bullish" momentum. Perhaps due to the informational and utilitarian development of the global cryptocurrency sphere, you and I will observe a more accelerated version of the previous cycles.
XBTUSD trading idea for BitMEXPending stop orders for a pair of BTCUSD:
Risk per trade: 3-5%
Leverage: 15x
Short entry: 3522, Stop loss: 3571;
Target 1: 3497;
Target 2: 3473;
Target 3: 3424;
After taking the first goal we move the position to breakeven. Non-activated deposits are removed at 00.00 Moscow time.
Today, only in short. Therefore, do not forget to set the trigger when installing a Stop Loss.
Litecoin to Bitcoin may continue to growLTC in relation to BTC looks very positive. The breakthrough was rather impulsive, after which we observe a regular pullback. A very good sign that resistance becomes support and the price does not go lower, if support continues to hold the price, it’s very likely that LTC will show a positive movement in the next few months. If the momentum is not lost, then it is worth considering the hold.