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BTCUSD AnalysisWith the market debating weather 10,000 is overpriced or underpriced for BTCUSD it's important to see all possible outcomes to find trades. With myself believing bitcoin is worth more than 10,000 I'm looking for cheap buys. Remaining in the positions of BTCUSD Part 2 I can see price going up from its current position however some of the position was decreased to decrease losses. This chart shows the major moves we could see but, doesn't include all for the sake of neatness. This analysis is solely my own and shouldn't and the use of the analysis is under the risk of the trader. For a deeper analysis into smaller moves feel free to send me a private message
BITFINEX:BTCUSD
by DarkMessiah777
BTCUSD Buy Part 2With the positive sentiment in the market there seems to be a very probable continuation of the bull market, and with unemployment at it's lowest wages will be likely to increase and spending will increase as well. This could further push the value of bitcoin higher however with the English bank disusing rising interest rates there exist the possibility of the market drooping. This is quite easy to understand since the increase in interest rates would decrees the influx of money into the economy which would deflate the price of products, however with concern about inflation given the unemployment statistics the market is still likely to rise.
BITFINEX:BTCUSDLong
by DarkMessiah777
BITCOIN FORCAST * *POTENTIAL DOUBLE BOTTOM*Hey traders, Heres a couple of possible outcomes for the current situation regarding bitcoin. Situation #1: We can get a solid bounce on the 618-382 which would be a the most bullish scenario establishing a higher low on the 4 hour daily chart. Situation #2: we can get the bounce but it wont be strong enough to break the downtrend lines and fall down. or break the downtrend line then fall over. creating a double bottom Situation #3: maybe some sides ways trading. a lot of markets usually see a period of consiladions after huge crashes but we know one month in crypto is a year of tradional markets. Situation #4: Total loss of supports and looking for new lows Im out if the 618 doesnt hold and seeing where it goes. At the end of the day bitcoin is gonna do what it wants to do. Thank you , trade safe! *edit* meant to say "higher low" on the chart text
COINBASE:BTCUSDLong
by toaby
4
BTCUSD - BOTH LONG AND SHORT OPPORTUNITYBITSTAMP:BTCUSD Hello Traders, I have an price action analysis for both bitcoin buyers and sellers so stay tuned. For Buyers: Idea no.1 : Look to go long on pullback to support zone of 9005 - 9023. StopLoss : below Support zone. Take Profit : 12500 Idea no.2 : Look for Breakout of 12589 -13059 and Go Long. StopLoss : Below 12000 Take Profit : 16000 For Sellers: Idea no.1: Go short on move to Resistance zone of 12589 - 13059. Stoploss : Above Resistance zone Take Profit : 10000 Idea no .2 : Go Short Once Candle Close below 9000. Stoploss : 9500 Takeprofit : 7000 Kind Regards, Yalmaz Dogar
BITSTAMP:BTCUSD
by SimplePA
The bleeding stops tonight! 60 day BTC cycle over. 18.4k Next WkOk. Let me explain what is going on in this noisy chart folks. I am sorry for all of the lines. The lines that I would like to explain are: 1) The two up-trending blue supports near our 50 day MA. These should stop us tonight. If we break through the first, we still have another. They are both very good support. Break 'em and we're going down to 11k. However, I don't think this will happen. 2) The purple lines in the bottom of the RSI between the black vertical. The reason I don't think we'll break our support tonight is because all throughout 2017 BTC has followed a pattern that I've noticed: 60 day cycles (on average). For the first 40-45 days of this cycle, BTC trends up. Massively. For the remainder of the cycle (the last 15-20 days) BTC trends down. This has happened repeatedly. I've measured these 60 day cycles with those purple lines that I have orange arrows pointing at. The black vertical lines mark the beginning and ending of this cycle. Tonight marks the end of another one of these 60 day cycles. My hunch is that by tomorrow morning the bulls will show up in full force again. 3) The vertical purple lines: These are fractals. I have measure the up-movement of the last trend from BTC's lowest point to highest. We then formed another clear downtrend channel. Perfect! A good sign that fractals will work in our favor to show us our next short term target. I clone my first fractal and set it at BTC's current low within that down channel (bottom-most of the 4 red bars). This shows me that our new near term target will be anywhere from $18,400-18,800. I suspect we hit this target sometime next week. Get your buy orders lined up. We are in the buy zone now. Happy trading all!
BITSTAMP:BTCUSDLong
by stewdamus
33
XauUsd September OutlookWe are expecting the yellow metal to continue its uptrend till the last week of September, that's when we can see some sort of sell off coming in.And that would make it a short term top for Gold.Gauging from the speed of up-move the prices could go to the levels between $1360-1380, that's 2-3% rise from current levels. The severity of selling would have to be seen to anticipate, how long will the downtrend continue and whether it will be a pull-back or change in trend. We will update when changing dynamics necessitates so.
FX_IDC:XAUUSDLong
by UnknownUnicorn1307339
2
Litecoin - Moving exactly as expected. $75 target. Your levels.In my last post, I posed the idea that we were forming a new larger triangle. I expected that we'd bounce around a bit between our $50 support level and the top of this new triangle before building up enough energy to break through our previous all time high. This we did! And to my surprise this price action occurred even sooner than anticipated! We are now well on our way to that $75 target that I've been calling for for several months now. Congratulations to all those who maintained stamina and faith in Litecoin while it was stagnant and it seemed as though ALL other coins were moving. It was hard. Trust me, I know. But your patience is now rewarded! So Congrats! Your levels now are easy to remember. You've got two supports below you: 1) $57.75 2) $55 Possible strategy idea: You wouldn't be wrong to sell here (currently around $65). I am thinking about selling here, waiting for consolidation, and repositioning when we dip back down to $57.75. However, that is somewhat of a risk as we don't know how high we'll go before the buying resides. There is a good case for this strategy however. Here's my case: Near the top of my bull channel Above top of Bollinger Band RSI overbought That is one long candle! The choice is yours of course. But do let me know how you proceed. Will you play it safe and HODL? Or will you sell and reposition at a better price? I'm curious. Please let me know in the comments below.
COINBASE:LTCUSDLong
by stewdamus
22
If Bitcoin does this, we'll go to $4800+Let's play a game. Count the ascending triangles. Do you see them? There are 3. The first two are history. We obviously broke out. We are working on the the third and final. If we break above and close higher than this last triangle, we'll go to $4800. The second ramification of this potential breakout would be the formation of a new BULL channel. I've outlined it in BLUE. This is obviously a steeper and much faster paced upward slope. Confirmation of this final target before consolidation is a close above the third ascending triangle. Watch closely. I will put nothing past these BULLS. ...But then consolidation. Caution is advised. It's coming. Happy trading all!
BITSTAMP:BTCUSDLong
by stewdamus
5
Bitcoin Bounced - Now What?So, we bounced before and on the 4th as expected. But now we're up against that $2600 ceiling again and can't seem to close above it. As we continue to struggle with these upper levels, it is becoming increasingly clear that the market is not willing to do much more here before BIP 148 on August first. I've said all along that I'll remain bullish as long as we continue to remain within the green channel on my chart. However, it is looking more and more like we are going to test channel support once more, and if we do, I am not sure how much longer we can hold until breaking through. Long story short. It's uncomfortable down here near the bottom of our channel. But it's this simple. Above the bottom channel support = hold. Below the channel support = sell. And for me personally, I will probably sell and sit on the sidelines and observe until these forking issues all look to be resolved. Until then, have fun trading my friends.
BITSTAMP:BTCUSDLong
by stewdamus