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Bitcoin: Tripple Top: Bearish Movement!!!Hello, the latest analysis was cancelled to take other confirmations, for now, we see that bears want to sell Bitcoin, guys, that is another point to take noticed it, tripple top it's mean a change of trend, in tat case is for micro-trend. So, we see a tripple top in H1 timeframe with a possible entry in short in the $!1,870 USD, its confirmed. So, beware to put longs position in Bitcoin The trend could be influence in Daily that we are overbought and bears want to sell Bitcoin at below of $!2,000 USD as key resistance in weekly
COINBASE:BTCUSDShort
by harisonhbn9718
2
DXY Falling out of Broadening Structure (Bullish for Crypto)From the period of 2017 to 2018 you could see a large drop in DXY (which occur ed the same time as the crypto bull run of 2017). This caused the crypto market to increase in market cap by hundreds of percent. We are once again in one of those situations today (see the obvious broadening structure that DXY has recently fallen out of. It is my believe that as long as the dollar continues on a downward trajectory this should serve as a bullish indication for dollar denominated assets. Watch for a bounce towards the end of the year 2020 (we should get a significant bounce in the dollar at some point; which would cause money to leave the crypto market in that scenario. THIS IS NOT FINANCIAL ADVISE, ASSUME YOUR OWN RISK; Y'ALL ARE ADULTS.
TVC:DXYShort
by DuubDigital
4
ETHBTC Still Testing Top Of Significant Channel Trading is a game of risk management.... and lots of patience. The low time-frames are compelling because we have the instant gratification (or despair) of seeing our positions win or lose. Higher time-frames visible change much more slowly. Days ago we alerted you to ETHBTC reaching near the top of a trading channel (as shown in pink). The picture still looks the same. The price structure does not suggest a decision in the market yet. Up or down. Fast or slow. So we wait... patiently, observing, checking different indicators, considering scenarios.. and yes, checking lower time-frames for clues of momentum. The scenario remains... a drop of 14% from current price ratio down to the significant horizontal (shown white) to re-load Ethereum for a continued bull run against Bitcoin in the coming weeks. Why are Ethereum and Bitcoin significant, even when altcoins show higher price volatility? Because the rest of the market is very much influenced by the big Gorilla's in the room. If only there was a platform to help navigation the volatility with proven fully backtested signals? :) Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
by Sparkster
1
Ethereum at historical significant levelHi Traders.. Ethereum seem to be breaking out of a historical significant level that sparked the last parabolic move to the upside and was also significant when the level broke on bear market and ether lost 79%. At the break of this level we could see Ethereum leading a bull market. The breakout seems to have happened already but to confirm anything I'd wait until this week's weekly candle close above the level and search for good trading opportunities. What do you think? Comment, LIKE and Follow.
BITFINEX:ETHUSD
by TradingWithTheTrend
DASH / BTC - an expected breakthrough but to where?I've been monitoring Dash the past weeks and I see a huge potential, especially as it seems a bit left off from the rest of the alt rally that we have been witnessing. The diagram shows a very weird progression since the last impulse and I've been pondering where the fuck to place the abc correction so there are 2 possibilities in the short term: 1. Either we have set the C wave and we should expect an upwards impulse or 2. We are in the C wave now and after it finishes above the start of A wave, we would have a down impulse to set the bigger C wave from where we should shoot up. So either way, I had entered previously at about 75k btc and will ride to the circled zone from where we should scrutinize the price action and determine whether we continue up or go down to complete C wave. External factors: BTC/ SPX correlation seems to have cooled off and BTC is a big boy again doing its own thing but still - I am short Nasdaq for a while which means that the overall market may tank, if it takes BTC with it, confidence in alts could go away and we will go in the red. So keep it a quick trade with a bit more looking after the position.
Long
by badbeatnuts
2
BTC (Y20.P3.E21).Macro.Why I am still bullishHi All, As time passes, we get more clues to the probability of the price action. Here I have summarized the main reasons apart from previous posts due to new perspectives from a number of sources. a) Elliot wave theory 1 -5 (as per main chart of this post) b) SP500 recent price action \ correlation c) BTC historical evidence ======================================================================================================== a) Elliot wave theory 1 -5 ======================================================================================================== Observations: BTC price action correlates well with the Elliot wave theory for the impulse wave between 3 to 4 as a complex correction wave which is a shakeup of week hands, as shown above. There is an another probable complex correction wave for 3 to 4, which has a dip followed by a strong rally\bounce to point 5 (this could equate to 8500 range) Note: Weekly Phoeix RSI is poised for a leg up with bullish energy rising while price action was sideways (ref X.Charts) ======================================================================================================== b) SP500 correlation ======================================================================================================== In past posts I have extensively covered the correlation between the two with their pivot points or key levels with BTC price action, so I'm not going to go over that. However recent price action on the SP500 gives us clues to the bullish nature and hence BTC correlation, it seems perfect timing. Here, let me explain. Note this chart of the Sp500, how price action was rejected x3 times at the weekly resistance level. Now look at the 2nd chart where SP500 future contract (CMF) chart and the gap, which was filled last week. When price drops to cover a gap, its seen as a bullish move. Combine these with the current level, we also see a bullish pattern ======================================================================================================== c) BTC macro TA (ref A.Charts) ======================================================================================================== Observations: ** Monthly candles with large sell off (as per chart below), then finding the bottom, and when we have a event with a large monthly rally, the next bull market\phase starts. ** Lead in trend line with the additional HALVING and followed by low volatility ** Price action above the Weekly 21 EMA and\or Monthly 10/21 EMA Note the 10/21 EMA ribbon and how price stays above it, in conjunction with the other information, it gives amble weight to a bullish perspective ======================================================================================================== BTC support and resistance levels based on monthly charts Previous post Please give me a tick or like for this post. Regards, S.Sari
BITSTAMP:BTCUSDLong
by ssari
7
Bitcoin Volume Drop Inner Trend Line Form, 3 TouchSignificant drop in Volume in the last 24 hours from 17 Bill to a measly 13.7. Coinciding with this is the third print for a trend line to form within the price structure of price region spoken of in last few write ups. > Note that some traders will draw from the wicks (I hold more significance here as that's where price has printed): With others using the bodies fro more solid ground: If price continues to drop the values of resistance will change over time, so be aware of both. As per yesterday the same remains the same. However as broken the swing high, now price needs to find strength to break the swing at 9800 which is going to be a mean feat considering current volume and dynamics at play. Resistance from above remains the same, see below link to that more expansive write up. Happy Trading :) Bitcoin to Date Daily Current Price: $9256.0 USD Daily Change %: -0.67% Market Cap: $170,764,298,068.75 USD 24 Hour Volume: $13,762,327,897 USD Population of the World: ~7,796,526,622+ humans Today’s Bitcoin Total / World Population: ~ 0.002363287837329 Satoshi’s / $21.57 USD per person Overall Approximate Bitcoin in Circulation: 18,426,344 BTC Approximate Bitcoin Mined Last 24hr: ~ 900 BTC Approximate Bitcoin Left to Mine: 2,573,656 BTC Road to 21,000,000 Bitcoin Mined: 87.74% Current Bitcoin Dominance: 64.65% 📈Support & Resistance📉* Support Levels 1st Support Zone: 8963.6 2nd Support Zone: 8666.7 3rd Support Zone: 7840.4 Resistance Levels: 1st Resistance Zone: 9889.2 2nd Resistance Zone: 10285.8 3rd Resistance Zone: 10781.2 Price Level Consideration Approximate Days Until Halving: 1401 Days (Pending Timezone / Blocks Mined) All Time High Half Way Point: 9942.5 Prominent High: 13767.4 Prominent Low: 3994.1 🐃 Bulls Verse Bears 🐻 🐃 Bullish Above: 10485.8 🐻 Bearish Below: 6474.1 Monthly & Weekly Opens Monthly Open: 9171.5 Weekly Open: 9084.0 Current Price Zone: ACCUMULATION ZONE Biggest Bitcoin Transaction of the Day** 1. 🚨3,500 BTC ($32,382,992 USD) transferred from Unknown wallet ➡️ Xapo 🚨 2. 🚨2,300 BTC ($21,425,900 USD) transferred from Binance ➡️ Unknown wallet 🚨 3. 🚨2,000 BTC ($18,613,810 USD) transferred from Coinbase ➡️ Unknown wallet 🚨 Largest Cryptocurrency Transaction Today: 🚨 🚨3,500 BTC ($32,382,992 USD) transferred from Unknown wallet ➡️ Xapo 🚨 🚨 Gold***: $1,794.62 USD -0.01 -0.00% Silver***: $18.28 USD +0.01 +0.04% —————————————————————————————————— *📈Support & Resistance📉: These are typically zones & not exact price levels depicted by the lines. Keep in mind that price may respect and repeatedly touch several times on smaller time frames. **What you won’t see on exchanges: This is purely to reference that traders watching the charts are neglecting the ‘Transaction Sentiment’ of large (🐳 WHALE) transactions from wallet to wallet and OTC execution send transactions (new/old wallets). TIP: The amount/s transferred daily tells a story of flow to potential market dynamics that may transpire. *** Personally I HODL Gold/Crypto over having a majority of Fiat currency 💸. Previously before trading crypto in 2015, Gold was one of my main charts thus I look at the price regularly comparative to Bitcoin. Created & published by Des Landen Landen International Trading Playlist: Sail - Awolnation
BITFINEX:BTCUSD
by LandenInternational
1
Bitcoin, return of volatility ?Hello avid investors and traders out there, I will make a little study market of Bitcoin. Bitcoin is in weekly consolidation for the 9th consecutive week and last week's candle closed in doji for the third time in a row. Suffice to say that nothing has been going on for 1 month and a half because the price is still in the range without giving any indication on the continuation with a 50/50 chance of breaking up or down. The price is drawing a “pennant” triangle. The Pennant is a chartist figure of consolidation, very generally if it comes from an upward movement, it is statistically more likely to break on the upside. On the other hand I always distrust this figure which very often gives false signals either by breaking first by the top, by drawing what is called a fakeout (break out which fails), or by breaking by the bottom of first and then cross the upward triangle. Lately the traditional markets have not decided either. With each bullish momentum, there is a bearish momentum and the gaps to be filled move. The whole reacts significantly to each economic news whether "positive" or "negative". Until the traditional markets decide to resume the uptrend or start a real correction, there is little chance that the Bitcoin market will come out of this consolidation. Furthermore, the correlation between Bitcoin and risky assets like # Sp500 is extreme ... I recalculated the Expected Move option contracts on July 31 to see the volatility this month, according to traders and option investors. The EM calculation predicts a movement of 930 points which still leaves us in the range. I remind you that the ME is a statistical analysis which makes it possible to obtain a cone of probability. There is a 68.2% chance that the price will close in the cone until the end of the contracts. According to the ME, there is still very little volatility to predict. Traditional markets are likely to be quiet this summer like everyone else, so implicitly, there is a good chance that the Btc will be too. At the start of the evening yesterday, Bitcoin tried to cross the $ 8,900 to encourage a large number of sellers to shorten. The bearish movement did not last long because yesterday's day ended with a huge daily hammer. As a result of this movement many shorts were trapped in what is called a "Bear trap". Many shorts were trapped, resulting in many liquidations which allowed the rapid uptrend this morning. In Daily time units the price of Bitcoin has trough above the previous one, the first signal of a possible trend reversal. I remind you that last week Bitcoin went into a daily downtrend. To have a structured short-term plan, I usually frame the last peak and last trough in what I call a decision rectangle. A bullish crossing would lead me to seek purchases while a bearish crossing would certainly lead me to seek sales. If the last low of 8920 is maintained and the last peak of $ 9,300 is crossed upward, it is likely that the price will go to seek the $ 9,800, significant resistance. On the other hand, if the trough is crossed downward, there is a good chance of first looking for the weekly resistance of $ 8,600. If this weekly support is crossed, the rebound zones likely to serve as supports remain the same as last week. As long as the $ 6,000 level is maintained, Bitcoin still has chances to maintain its bullish bias and try to cross the $ 10,500 again. On the other hand, I doubt that the crossing of this resistance 10 500 will take place before the summer. Follow closely the news of traditional markets and the trend of the SP500 because in the short term it is he who will dictate the conduct of Bitcoin
COINBASE:BTCUSD
by Captaintrading
ONT.BTC (Y20.P3.E1).More to goHi All, Looking at the recent pullback, and acknowledging that the drop or rise in BTC with these impulses has given us many mini Alt seasons. So lets make the most of it. Based on my lines and a breakout from the wedge and a pullback to the 0.5 fib level, can possible allow the flagpole target to be reality. We still have a nice uptrend formation, one of the better structures for the Alts. As per the chart, my 1st target is 0.000074 - 0.000075 2nd target, for the inverse H&S, chart below The only issue I have with this setup is the 2 wicks on the 12 HRLY as it makes the stop limit loss more than I like. Please give me a like or tick for this post. Regards, S.Sari 12 HRLY chart - displaying major levels As the friend said, a inverse H&S as well as the main target
Long
by ssari
6