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Whats all the fuss about ? BTC (FINEX) INTRA-DAY BREAKDOWN - 19/12/18 Welcome to another episode of our favourite show - bitcoin brought to you by FELIX! Hi, guys. I stated in my last BTC (finex) breakdown that I would be concentrating more on FINEX as it is a bullish price leader for BTC and most often we see the first signs of bullish activity on FINEX. This decision is mainly to do with the fact that I have been stating from last week that the ALTs should expect a pump next week (well now this week) and this pump theoretically needs to be driven by bitcoin, but I definitely was not sure about the upward capacity of BTC at the time, mainly due to the fact that I have had my bearish goggles on since 9k ATLEAST and this has fared very well for us as a team. We will look at BTC price action from a top down perspective and see what all the fuss is about once again about clueless people screaming that its bull run per usual - BUT MANY A TIME THEY HAVE BEEN WRONG AND WE WILL EVALUATE THIS SITUATION PROPERLY SO WE DO NOT GET CAUGHT UP IN ANY FOMO DRIVEN PRICE ACTION. WHAT CAN BE SEEN ON THE DAILY CHARTS FOR BTC ? - On the daily chart for BTC (FINEX), we can see that BTC saw a rejection from the 4050$ price mark on finex and on our momentum indicator of RSI, we can see that we used the highlighted zone on RSI at 37 level as support on the daily (price was at 3150 on MEX at that point and I gave you guys the long call from 3150$ but thought that we would see traditional price action play out and we would see a rejection from 3427$ on MEX) and this led to a test of our previous support zone highlighted by the green box. None the less, RSI in most cases for BTC on the daily rarely ever breaks into overbought zone during this bear market. - If we are to be overly bullish and take a look at the RSI/ROC momentum indicator on the daily time frame for BTC, we can see that RSI/ROC on the daily is much more bullish than RSI. Even if we were to drop slightly on BTC, we would find support pretty quickly (shown by the ascending blue line on RSI/ROC on the daily timeframe) and we would find support at the 53 level on daily RSI/ROC. This would go in line with intra-day price action that we see on smaller time frames such as 4 hour and 1 hour. - You may be asking yourself, where do I see maximum upward movement ? Well, this is a good question because we can take a closer look at smaller time frames for bearish deviations but on the daily I believe bullish action is ultimately going to be MAXED OUT at 5200$ and this is where we meet previous support trend lines that we have previously fallen through at 4950$ and this led to a rapid meltdown to 3250$. BUT, most ultimately, 5200$ is where we meet the RED downtrend line, which has kept us bearish since 9k retest from 6k over summer 2018. Therefore, if 5200$ level is broken upwards, then the bulls have even more reason to celebrate. BUT, remember, this does not implicate or mean that BTC WILL GO ON TO TEST 5100$ BECAUSE THERE ARE MANY BARRIERS BEFORE THAT, WHICH COULD EASILY CAUSE MELTDOWN AGAIN AND WE WILL DISCUSS THIS FURTHER ON OUR INTERPRETATION OF THE SMALLER TIME FRAMES. - REALISTICALLY SPEAKING, I EXPECT FINEX PRICE TO TEST MAXIMUM UPWARD POTENTIAL OF 4435$ BEFORE SEEING MAJOR KNOCK BACKS TO OUR DOWNWARD TARGETS. If this occurs, then that would also mean that XBT will go on to test EMA at 4150$ and the ALTS we focus on will hit the upward targets which we have set before melting again. - Looking at our momentum indicators on the daily charts, a upward rise to 4435$ would lead to RSI/ROC finding support at the indicated levels in line with the ascending trend lines drawn on this indicator for the daily and RSI/ROC will test 65 level on DAILY before seeing significant bearish activity driven by bitmex once again. - Lastly, for the daily, it is also possible that we get wicks to as high as 4723$ in order to meet DTL properly and see significant rejection. IF this occurs then we can say that MEX will test previous MAJOR SUPPORT FLOOR OF 4382-4400$ before significant rejection to our downward targets. - REGARDING THE POSSIBILITY OF OUR DOWNWARD TARGETS OF 1750$ IN THE END BEING ACHIEVED, THE MAIN BULL REGION TO BREAK WILL BE 2950-3.3K AND A BREAK OF THIS ZONE WILL MEAN ASCENDING SUPPORT TREND LINE ON PRICE CHART FOR DAILY, WHICH HAS HELD FROM THE BEGINNING WILL BE NEGLECTED. WHAT CAN BE SEEN ON THE 4 HOURLY CHARTS FOR BTC ? - On the 4 hourly charts for BTC (FINEX) we can see that we tested 4050$ (a previous price floor) and we saw a rejection from this zone. On the 4 hourly, we can see that EMA 200 is currently at 4150$ for finex, and on a 4 hourly open, we could see a wick up to this zone before rejection. This should wipe out a lot of fomo shorts if it does occur. - None the less, on the 4 hourly, we can see that we are at somewhat of our first obstacle to obtain more upward momentum. A rejection from 4050-4150$ will lead to a downward meltdown to support at 3800$ for FINEX and support being found at 3610$ for MEX before any further upward action is possible. It is also possible that we drop below 3800$ and find actual support at 3750$ for FINEX. This should reset our smaller time frames to bullish zones on our momentum indicators. In addition, if this does occur, I would stay out of the short and instead wait for LONG opportunities at 3750$ and at this point, 4 hourly RSI/ROC will be at 56 level and this will be in line with ascending trend line on this indicator which has historically given support to price - which should give BTC the well needed pump to our upward targets of 4.4k for FINEX on a conservative level and 4.7k on a more risky bullish price level in order to properly meet DTL. - IF SUPPORT IS NOT FOUND AT 3800$, THEN FROM A CONSERVATIVE STANDPOINT YOU CAN EXPECT FURTHER ACCEPTABLE MELTDOWN TO 3650$ AND UNTIL 3650$ IS BROKEN TO THE DOWNSIDE, THERE IS NO REAL BEARISH ACTIVITY. PLEASE DO NOT CONFUSE THIS WITH 3750$ AS THIS IS A MORE CONSERVATIVE ESTIMATE AND 3650$ IS MORE UNREALISTIC REALLY BUT STILL POSSIBLE TO PROVIDE SUPPORT AT THIS LEVEL. WHAT CAN BE SEEN ON THE 1 HOURLY CHARTS FOR BTC ? - As I stated on the 4 hourly breakdown, there is still a chance that we could see further wicks to the upside up until 4150$ before the bulls run out of real momentum. How is this validated on our 1 hourly chart ? Well, we can see that MA is being used as support on the latest one hour open at 3pm GMT and hour before close and a break above 4050$ on FINEx will cause a lot of fomo but we cannot take a bullish trade for now unless 4150$ is broken to the upside. - We can also see that momentum indicators such as RSI are at common hourly support levels of 56 and RSI/ROC is at common support level of 56 too and tendency to test 65 level before a meltdown is high - this correlates with an increase to 4150$. If you are brave and want to short (I would advice against for now), then 4150$ wick would be your thing with support targets at 3800$,3750$ and 3650$. - None the less on the hourly, we can see that EMA is currently at 3500$ and will probably meet candle sticks to be used as support at 3650$. This should lead to 43 level on RSI/ROC being used as support for the next move to 4.4k for FINEX! For RSI, I would say on the hourly, we should eye up 37 level for support. I WILL BE AT MY DESK TRADING ALL DAY, SO WILL GIVE INTRA-DAY CALLS FOR PRIORITY USERS ONCE THESE LEVEL ARE HIT OR REJECTED - WE DONT CHASE THE TRADE, WE LET THE TRADE COME TO US! HAVE A GOOD DAY AND I HOPE IVE REDUCED YOUR FOMO ;) PLEASE SEE RELATED IDEAS DOWN BELOW ;) & don't forget to stay up to date with our calls by following our Instagram and telegram channels down below AND ON OUR TRADINGVIEW PAGE - CALL AFTER CALL CORRECT!
BITFINEX:BTCUSD
by UnknownUnicorn1824771
What happened to BTC and where to next?Hope you all were safe during the dumpage. Let me try to explain what happened here on the daily time frame. Check out the red level and later the green daily support block and try to notice what happens each time the price goes down to it. When we have repetitive pounding on an important support, but the price makes a lower high each time, it signal that the buyers are getting exhausted(smaller bounces), so eventually there are simply not enough buyers left and the price simply smashes through. This is a fairly common occurrence on any time frame, and can happen in both directions. Have a look for yourself, try to find a support or resistance level that got smashed. You'll notice that in a lot of cases this "pattern" played out before the smashing. Now, where are we headed? I know there are a lot of perma bulls out there, me included, but from a purely technical standpoint, it would make sense that we should come back to our broken support level and retest it as resistance, then head for the next support level that I can see around 4970 level. After that, who knows, we might get a big enough bounce to kickstart the next bull run. So I guess we'll have to wait for that ;)
BITFINEX:BTCUSDShort
by UnknownUnicorn3664665
3
Ripple (XRP) vs Bitcoin (BTC) Trade (210% Profits Potential)Earlier I shared a trade for Ripple (XRP) against Tether (USDT). Here is Ripple vs Bitcoin (XRPBTC). We are going straight into action. Upcoming events for Ripple (XRP): - Uphold Listing (24 May). "You’ve been asking & we are excited to announce full support of $XRP will go live on Uphold May 24." Uphold is an exchange. - ASROC Conference (16 June). "ASROC is a event and summit that solely examines trading of tokens, bitcoin, ethereum and alt coins," in Los Angeles, California. - BAIConf London (18 June). Blockchain Alternative Investment Conference and Exhibition from Jun 18-19 at 8 Northumberland in London. Ripple (XRPBTC) Trade Analysis by Alan Masters TRADE INSTRUCTIONS Buy in: Up to 0.0000835 Note: Wait for the price to decline before jumping in. Ripple (XRPBTC) Targets: () 0.0000940 () 0.0001010 () 0.0001098 () 0.0001256 () 0.0001487 () 0.0001676 () 0.0001946 Stop loss: 0.00006700
Long
by AlanSantana
37
Verge (XVG) Ready 4 More (240% Earnings Potential)Verge (XVG) is ready for action once more. This altcoin does not need any introduction, it started to go up basically before every other coin and it went up massively. After a long retrace, Verge looks ready for some additional action. Let's start by taking a quick look at my daily chart and then getting into the details of this trade right away:  Verge upcoming events (these are factors that can affect a coins price possitively): - Verge (XVG) - Block Reward Halving (9-May). - Verge (XVG) - Amsterdam Meetup (9-June). - Verge (XVG) - Verge Social Network Launch (30-June). Verge (XVGBTC) Trade Analysis by Alan Masters TRADE INSTRUCTIONS Buy in: Up to 0.00000900 Verge (XVG) Targets: (1) 0.00000949 (2) 0.00001138 (3) 0.00001272 (4) 0.00001352 (5) 0.00001443 (6) 0.00001631 (7) 0.00001748 (8) 0.00001937 Stop loss: 0.00000690 CHARTS, SIGNALS & INDICATORS I think that Verge is getting ready for another run. On the 4 hours time frame chart we have: - MACD bullish cross over. - Trading above downtrend line as well as above the EMA50, 100 and 200 lines. - RSI going bullish and showing plenty of room left for growth. - The STOCH indicator is also bullish. - I don't know what else to say, it looks like it will go on another run soon. Would you say the same? - Now... Let's trade! An Old Friendship, A New Day! Here comes the old, visiting at your home. It comes with a new story, about how to live the present, about how in his past he did wrong. The new day shines and says, that's ok, nothing is wrong. Just keep on focusing on today, the old days are already gone. The old friendship looks stranged, but the feeling can understand. He has already gone through everything, he is ready to accept the change. When the moment of truth comes and the friendship wants to change its name, you just tell him that he is not old... Because he already took the first step... He already started to change! Smile my new friend... This Is A New Day! Namaste.
Long
by AlanSantana
90
Bitcoin vs USD: Wake Up! Boom Up! What's Up? ... BITCOIN!?Bitcoin just woke up today and had a huge boost in price. Take a look at the last candle... What's your opinion about this "pump"? What are the "news" and events that you consider caused such a huge increase in such a short period of time? (Please share your opinion with us in the comment section). The volume is great as well and this can be the start of something nice. Let's see how it goes. You can see the blue lines on the right at the chart above, as some of the levels where Bitcoin will face resistance when going up. Let me detailed them for your... Bitcoin resistance levels ("targets") (1) $8400 (2) $9500 (3) $11750 (4) $13500 (5) $14600 (6) $19891 (All time high) Note: These price levels are not exact. Resistance can be faced within a 10% range below and above each target price. Enjoy. Thanks a lot for reading. Please, if you enjoy my trade analysis, or at least some of them, feel free to like, follow, share and comment. This will help me grow... And I honestly appreciate your support. Namaste. Oh, and remember, that it doesn't really matter what happens... YOU DESERVE THE BEST!
BITFINEX:BTCUSDLong
by AlanSantana
162
My Daily Bitcoin Chart - $50,000 BTC??? (For your entertainment)I want to share different today. I want to share my daily Bitcoin chart with you, simply for your own entertainment and maybe some learning... It is up to you what you do. I am really hoping that you can enjoy it. Let's see what I have ready for you. In this chart you can see some important support and resistance levels, in the short and longer term. Also a possible sideways channel, which I want Bitcoin to trade in, this would be good for the long term value of this coin, and this will help materialize our dream of getting to 50k Bitcoin at some point (end of the year). Or this this too optimistic? Well, $5,000 per Bitcoin at the end of 2017 was really optimistic as well, and we ended up with $20,000 and now people cry when the price goes down to $8,000 for one day. You see how this works? BITCOIN IS GREAT! Ok, back to the chart: - Support levels, according to my tools and daily chart on BitFinex: (1) $8,200 - $8,400 (2) $7,200 (3) $6,000 - Resistance levels, according to... Me, Alan Masters: (1) $9,250 - $9,600 (2) $10,420 (3) $11,800 (4) $14,600 (5) $16,950 (6) $20,000 Is that it? Yes, that's it. But let me share something first, before I move on to do some money making work. ### MESSAGE: What is money? Sometimes we get really confused about money and how to achieve it and receive it. Sometimes we have many opportunities, but somehow we tend to miss it. Imagine visiting Trading View and having access to several different trades. You browse through the pages, you are looking for something that can make you earn. You make a list of 5 different coins/trades, that you would like to join. You base this on your own understanding, the analyst and the name of the coin. Ok, you've made your decision, this is the one where I will put the most. All the trades that were ignored start to make money, but the one I chose, somehow, starts to go wrong. What the heck is money and why do I have to choose the "wrong" trade? This is the question that will come to your mind, when you figure out that you always go the wrong way. Money is energy, and that is the first thing to understand. So if you want to increase your holdings of money, you have to start by working on yourself. NAMASTE.
BITFINEX:BTCUSD
by AlanSantana
138
Bitcoin Is Now Breaking Strong Resistance (END OF CORRECTION?)Bitcoin is now challenging strong resistance, which is the trend line (red dotted) created from the all time high reached on December 17. This resistance point is sitting around $11,470, on BitFinex, and Bitcoin reached $11,660 today but the price quickly retraced. At this moment, based on the daily chart time frame, we are trading near the 50 SMA price line (pale blue), which is at $11,350. Trading above this price level today can turn it into a support, where we can finally move above the "strong resistance" and establish a new uptrend. On a different note, I am having this strange feeling about the market. Bitcoin is going up, slowly, steadily, but this does not correlate with the general sentiment I am getting, and seeing, coming from people all around. Are the bots in control? Who cares, we need to break resistance and remain above it. And this is exactly how things are looking so far. Bitcoin is looking very bullish, everyday more. - We still have plenty of room for growth on the MACD and RSI, and if we continue on the trend we are in now, we are definitely going to close above the strong resistance line. This would negate the primary resistance and the descending trading channel we have trading within since Mid. December. We can establish a new strong uptrend. - EMA7 (purple) crossed recently the EMA21 (blue) price line, this is a bullish signal. And the price action keeps on going up regardless of how many analysts predict that Bitcoin is going down even now that the trend is clearly up. Remember that these markets are really unpredictable, we can read signals but the market decides what is really going on. - We are also trading above the EMA50 price level (not shown), which soon will be crossed by EMA7 & 21 if this uptrend continues. This will both serve as a strong positive signal and support level if the price were to start crashing down. If we close above the strong resistance line, Bitcoin will be signaling huge strength, and we can prepare for another run up straight to the $13,000+ levels. - We also had a positive candle yesterday, which is a good signal to remain on the trend in which we are now. - We are trading on a tight ascending channel (green). My general feeling is that Bitcoin needed to correct once more, that there wasn't enough momentum and that it could crash down anytime, which still can be true, but the facts are different. Bitcoin is going up, keeps on going up and now it looks like it is going to continue going up. So based on the chart above, and the signals just mentioned, Bitcoin will continue its climb, challenge the strong resistance and close above. If this is the case, you can open new positions so that we can go and challenge the next resistance point. Thanks for reading this analysis, you know for sure that I always appreciate your support. Feel free to like, share and follow, there is more to come. Namaste. P.S. Once Bitcoin has established its new uptrend and the market sentiments moves to stable / up, we can start trading Altcoins low risk, useful for beginners, once more. Please allow time for this mood change to become fully apparent.
BITFINEX:BTCUSD
by AlanSantana
256
Come on Finex, open the gates!Today I have what I believe is a sleeper. Giving me a good risk/reward ratio. We only need Bitfinex to open their gates. Fundamental First of, we are getting a good deal at this level. Aventus raised 20 million in ICO ( 7 September ) and is now sitting on a 24 million marketcap. Considering the massive increase in the overal market since ICO, Aventus has underperformed big time. Could it soon be time to see some gains on this coin? I think so. It's a relatively new coin with a niche product. It's ICO lasted only 7 minutes, so it sounds to me that the appetite for Aventus's concept is high. And very importantly, it's on Finex! Largest exchange we got ( if you don't count Bitmex.. ) The problem with Bitfinex right now is that they are not taking new sign ups. Much of the new money that wants to speculate aint able to get on the exchange. So that's the reason I think for the poor performance lately on some finex coins. ( Compared to the rest of market ) However, those gates can open whenever. Aventus is a ticketing software which aims to make the world of ticketsales much easier and profitable. If they will able to capture the ticketing-market with this, I dont really know. Aventus is a sort of coin I dont know how long I'll hold. Will just keep following, watch the progress and decide my actions along the way. The team looks aight though and I have some faith in the project. Technical So new coin, not very much to go on. But I have found some fibs and a target area for the time being. Which would be between 12.6 USD and 13.5 USD. Still looking like an uptrend and much room for growth. And should I be wrong I think its unlikely to go down more than 2.5-3 USD. Providing a nice risk/reward ratio. Will update idea along the way, as usual! :)
ALong
by Kryptokelly
28
WAIT FOR RIGHT PULL BACKPrice moved in 3 long body 15m candles from 2460. to 2887. - needed to rest. Price far away from ma's, needed to center back toward 50 sma. Macd was far away from 0 level line indicating possible short pull back coming. I will switch to a 5m chart to watch for the right pull back. 5m pull backs can be powerful because they can retrace back a lot of price. I watch how price reacts to the 50 and 100 sma to see if they create support. This pair price has fallen back to the inner range top resistance level as support. Now we watch to see if price re-enters inner range or moves back above the 50 sma. I will have a bull stop above the 50 sma. I also will have a sell stop @2500.0 just below the inner range top and 15m 100 sma.
B
by Tradingstrategyguides