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BTC great support @ $8400, $5k downside, Market reversal in Dec?BTC was riding a 3 month descending channel and recently finally broke up out of channel but has since come back down to test support at the previous top of channel resistance. We are holding support right now and this pattern is also very much in line with what to expect on a break out, test support first, then run. This also could end up, yet again just being a new, slightly higher descending channel. There is a chance we could break back down into the old channel and bottom of that channel could be as low as $5k (improbably but possible) but we also see a lifeline of strong historic support at $7800. If we retain a descending channel or break downward to $7800, we are still facing a critical juncture in December around 12 or 19 December. The line you see intersecting the current trend line at this date is where we intersect with the overarching trend that started beginning of this year. If we come up off the trend line it could postpone that intersection. To go below that initial trend line is a strong signal of reversal of our nearly year long bull run. What we really need is for BTC to make it over $14k again so we can confirm the long term market overall as bull. Order books do not suggest we are in oversold territory yet which is usually accompanied by an increasingly positive MDR> vcdepth.io Overall I want to believe that BTC will hold this current support trend line but more so I want to believe we will not cross below the original trend line. I am bullish BTC though currently cautious. This is not investment advice, DYOR.
COINBASE:BTCUSD
by EncryptShawn
2
Bitcoin #BTC 8 November 2019 #Dailychart #Bitcoinprice #PricemovHi there, Another try to see where it goes. The last one i did was pretty good and very close, so let's see what will happen now :-) To me there are 3 possibilities, marked with 1, 2 and 3 The 1st possibility is what i think will happen and this is why these arrows are solid and possibility 2 and 3 dotwise. Looking at the RSI and the Volume going down, i see we will hit a support line soon again. Most likely it will bounce from 7800 but i also see a way to 7500, since there is not much volume and RSI has a nice long way to go downwards. There will be a Bart Simpson formed i think, so it will go up after a drop to 7800-7500. This could be to get more strength and room, to break out around Resistance 9900 or even to 10.900. The 2nd possibility is that it will go down to Support line 7800-7500 and then bounce up to the trend Support line. When thi sis hit again, it can go down again to 7800-7500 wherw after it will break out towards once of the Resistance lines (P2) Since it is one of the possibilities, one has to keep it in mind and adjust when needed. The 3rd possibility is that when it goes down towards Support, it breaks through and will fall towards 6200 or even 5850-5900. To me this is not very likely, because i am bullish about #Bitcoin. The way you look at it, it is almost only Descending Triangles and these are know to be bearish. The also can be Reversal and cause an outbreak the other way. So let's hope all will go up instead of down!
by Xerokas_Charts
BTC may be going lower than you think 14/10/2019Looking at the daily chart BTC is in a descending triangle.. BTC entered it in mid Jan 2019 (at 13,786.41) and is staying within the guide lines pretty well. The triangle is due to end in mid Jan 2020. (at 5,850.63) If BTC stays within the triangle and breakout to the downside it could take us as low as 2K if it breaks to the upside BTC will be making up for loss time... I will be Keeping my eye on this and all buyers should be keeping their eye on it too.. You can really use this to your advantage... Happy trading
BITMEX:XBTLong
by testyourskill
12
$9k will breaks us out of 2 month descending channelIf we can manage to break and hold $9k, it would be extremely positive price action after two months of repression in this dominating descending channel. If we receive more news like the news from China today, we could break right through it. More likely though, based on previous resistance at top of channel, $9k will be really hard to break. If we dont break it now, dont worry - it looks like $8k support is likely to help us pierce through the top of channel sometime in November as the price action is forced to choose one dominate trend or the other. Breaking and holding $9k will make our next hurdle breaking June highs which will confirm that we are actually in a massive upward trend versus sitting at the beginning of a 3rd and subsequently smaller wave which is still a real possibility.
COINBASE:BTCUSD
by EncryptShawn
Possible change in macro bull trend by the end of this week?BTC has been on a bull run for the past few months. That candle from 9.4k utterly destroyed any bull hopes i had left. Currently the 4h has tested the 8.2k resistance which has held well. The weekly RSI 50 level currently stands broken. If the trend is strong it oughta continue much lower without testing 9.4k again. Short 8.2k , manage trade on lower time frames for a bit till btc puts some distance from this level.
BITMEX:BTCUSD.PShort
by one-two
3
BTC-USD DESCENDING TRIANGLE TOP REVERSAL ?The slightly rising trendlines used in price projection are estimates of the dominating angle where price reacts most to these trendlines. Descending triangles can be also top or bottom trend reversal patterns. In this triangle price projection is made from all time high to 0.1360 projection distance. The almost horizontal bottom of the triangle is at 0.618 projection level -- and the price projection down is at the 1.618 level. That level meets major previous bottom with the lowest parallel trendline . Price reactions at 0.786 and 1.00 projection levels should be confirmations of that the trendlines angle is correct. If price breaks upwards from the triangle -- the price projections down are falsified.
BITFINEX:BTCUSD
by Oinkman
Next for BITCOIN: was it a bear trap??Hi all, First of all thanks for the likes and dm's about the BTC idea from yesterday. Appreciate that :) In front of you the 4hr chart of bitcoin. Yesterday I published a possible descending triangle formation, but after the move of 12hr ago there is also another possibility. The strong support and strong resistance where broke LIKE NOTHING. That was a great bullish move (Broke s/r) . This could be a bear trap..... So the symmetrical triangle could be still active. If it is indeed a bear trap the price must bounce quickly and strong on the strong support. The next hours are important. If it bounce, btc will stay in the new triangle for the next days. But... If it fails to test the strong support it will go back to the 9400 area. If that happens the descending triangle will still in play, in the chart you see a light grey line what will be te support of the descending triangle. The idea of yesterday of the descending triangle: Please leave a like to support me and click on follow for more idea's Thanks!
COINBASE:BTCUSD
by Will_Wortel
2
0x ZRXBTC 100% Potential Profit on Binance Right NOWD4rkEnergY is Santa Claus. Normally he is not allowed to give you all this Free Present to you, hence my Family is paying for the service. But once in awhile I feel I also need to give back to you guys, who have been following me and supported me for a while. The last couple of days I have made; -105 % ROE on a XBTUSD signal in less than 3 hours. -80% ROE on a TRON signal from yesterday -30% on a RLC Signal And then I havent count almost every single BTC-signal I have given to you the last many months. But anyway. HEre you go. Good opportunity here, and good odds. Huge Descending Wedge. Please give a LIKE for ALL the work I do to help you become a better trader, and make money! LIIIKE! D4 Loves You <3
Long
by D4rkEnergY
14
3,013% Potential Profit - NO BS! STEEM:BTC on Binance!D4rkEnergY is ONCE again back with more wisdom and love to crypto community, and especially to his followers. This time we are looking at STEEM:BTC -its not often we do it, but we are here looking The Monthly chart! First of all: This is not a joke. TA supports in fact this possibility with the more than a 1 year long descending wedge, which is a Bullish formation. If you want to try out this signal, only put a very small percentage of your total portfolio in this trade. Maximum 1-2 %. Notice how we have a smaller wedge (in purple) inside the bigger wedge. We will drop down, but then we might catch one of those longs spikes, which STEEM tends to do. 1,000 %(!!) Increase in Single Month Before some people might shout BS, we can see, that is has before gained more than 1,000% in one month. So here you go!! With Love from D4! I hope you will give a LIKE for all the content I provide you! Thanks in advance!
by D4rkEnergY
5
SIGNAL OF THE DAY! Is it a She or He? ADAM19 about to make 58%!Ada a beautiful, and she has made us a lot of money. But on Bitmex its a he. His name is ADAM and he is 19! Those teenagers can be crazy, and it seems like, that is what we are about to witness. We are SO Close to break out of this descending Wedge, low RSI, bullish momentum gorwing, which potentially can make you 58 % - With 10x Leverage its 580 %! Just saying. Remember a Stop Loss, and the Trade is ACTIVE Now! D4 Knows Everything! Throw a LIKE for good karma!!
ALong
by D4rkEnergY
10
POLY/BTC on Binance: Potential 113 % Profit (Whales are helping)Trade is ACTIVE. This is a Super Trade - Good Risk Reward Ratio. Go in an buy instantly. Whales might be helping you very soon. Notice the clearance to the right. We have some confluence resistance above our head, but if we manage to go through here, we will go HIGH! I just made money on this signal earlier: RLC/BTC - Litereally 20 min. after the whales pumped it and we hit our 3rd target. D4 Knows Everything PS. Give a LIKE, and you might be ONE OF THE CHOSEN ONES!
PLong
by D4rkEnergY
10
Bitcoin-Whales Are Toying With You Again and Again! First we saw how the BTC-Dominance increased from 50%-60.1%. That was were OUR FAMILY made a lot of money when we went from 5k to 8.4k USD. Then - literally out of the blue - we dropped 4 % in BTC-Dominance and everyone was shouting Altcoin season. Altcoins fared better than Bitcoin, BUT it was only for 2 days. So What is Going On Trading at Key Levels which 8,000 USD is, is ALWAYS super toxic. Whales are having a blast. They stop hunt again and again. I think its around 40 times we have been back and forward 8,000 USD (Key Zone 7,900-8,100 USD). For reference look at my latest chart. So what happens is, that when we are getting closer a key level the optimism rises, and that was why we saw the Altcoins going bananas. But when Bitcoin then cant choose a direction, investors starts to worry, why they again leave the altcoin market. Interesting BTC-Dominance Movement The BTC-Dominance movement lately is very similar with happened before the Parabolic Bull Run in 2017. I have my reasons to believe that we MIGHT see a Parabolic Bull Run like in 2017. In fact we have moved way faster and steeper, than what we did back then. Whales have changed their plan - and the move from 5k to 8.4k USD went faster than expected. BUT... ...before all this happen you will experience that the whales will continue to go back and forward, up and down, just to kill you and take your money. So Watch Out! D4 Please give a LIKE!
BITMEX:BTCUSD.PLong
by D4rkEnergY
6