Get started

Goldenpocket

Whale Reaccumulation Zone?Pattern suggests possible reaccumulation by a handful of whales on Bitfinex, where Longs skyrocket to all time highs on taps to the .618 and .65 retraces of the macro bull run which began back in April. Meanwhile funding rate on Bitmex remains fairly neutral, suggesting the Longs are from Bitfinex only. A long squeeze, if it happens, may not kick in fully unless we break the local low of $6618 (on Bitfinex). I remain short, but finding reasons to be careful.
BITFINEX:BTCUSDShort
by mastaplan
BTC 2019-11-22 - Golden Pocket and Lower Channel ValidationHey guys, I hope this post finds you all well and trading safely. I just wanted to post this update about BTC's unexpected movements recently. From reading the other TV posts, there's been a lot of talk about the support levels and bounce zones. I haven't seen another post on the Golden Pocket 0.65 fib yet, so here we are. We just reached this level this morning on 11-22-2019. This move was TOTALLY unexpected this soon, and I caution you all to trade well and use extreme risk management. However, I have been holding shorts since $9.4k and uncertain of what to do since we had not seen any majorly bullish action on the RSI while STOCH stayed extremely low on longer time frames. This is where I am now looking to close my short positions. Future: There is NOT much historical support near and around these levels and it kind of feels like the markets are suspended in midair at the moment. However, with a move down this large, watch for a nice bounce back. This should show itself in the RSI trend line as a lower high with a lower low/same price as far as price action. Be cautious when entering longs as this point without confirmation. Happy trading! I am a simple market analyst - not a financial analyst fortis Fortuna adiuvat - fortune favors the brave
BITSTAMP:BTCUSD
by jollygreen
BTCUSD Golden Fibonacci Level | Relief Rally Imminent?Hello Traders, Today’s chart update will be on BTC, where is has retraced to a key Fibonacci level, known as the golden pocket. Bitcoin may put in a relief rally due to the sharp decline in price action, which has overextended a number of indicators. Points to consider, - Trend in a bearish structure - Local support at key Fibonacci level - Local resistance in the middle of the channel - Stochastics at lower regions - RSI oversold - EMA’s giving price resistance - Volume low after impulse break The overall trend in Bitcoin has been bearish; price action has put in consecutive lower highs and lower lows. Bitcoin has recently found local support at a key Fibonacci level known as the golden pocket (between .618 and .65). This level is in confluence with trend line coming through, signalling that buyers are strong. Local resistance is found at the middle of the channel, a possible area for Bitcoin to test. The stochastics are currently in lower regions, can stay down here for an extended period of time, however, lots of stored momentum to the upside. The RSI is currently overextended; an oversold bounce is probable from such conditions. The EMA’s is bearish until we see a cross, it is yet to meet price at current given time. Volume is declining after impulses; an influx in volume bearish and or bullish is imminent from current levels. Overall, in my opinion, a relief rally would be imminent due to strong technical confluences from current support level. A rally will allow indicators to cool off; .i.e the RSI, and allow price a retest of the middle channel… What are your thoughts on Bitcoin? Please leave a like and comment, And remember, “The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
BITFINEX:BTCUSDLong
by AzizKhanZamani
61/80% golden pocket fib retracement with the precision bounce.As anticipated we got some bounce love from the golden fib retracement level at 61.80%. However it has not bounced us high enough to reclaim the 1 day 50ma(in orange) as support just yet...Reclaiming that support is pivotal..If we can't flip it back to solidified support within the next 3-5 days then the bull market will likely be over...hopefully we will see a huge bounce here. We still have a gap on the CME futures chart at around 11.8k or soo so I'm still holding out a slight bit of hope that we can see a big bounce here.
BITFINEX:BTCUSD
by DrDovetail
2
GOLD 1W & 1D perspective. Hello traders, This is my first public speculation on gold so take this with grain of salt like any opinion but this its what I see . I normally trade cryptocurrencies and post about crypto but some assets I can trade with BTC and AU its one of them. I did made some profitable trades going long in long trades and going short on gaps. I'm not a big fan on going short unless we are in bear market and its obvious direction in long perspective . I have strong feeling that gold has bright future with current market situation . If you are new to my post I'm invested in BTC witch I got in early when everyone was scared to enter and posting Doom scenarios. I on the other hand have bean accumulating and planing on staying that way for some time and have goals in mind but that is different story and not the topic . So as we can see gold its barely holding to 1M pivot and hitting weakly support levels. It can go up a little from here but in longer perspective I believe drop its coming , We are leaving high node area and not much action under until the demand area . I'm looking on golden ratio level to bounce from and I think this will most likely happen under current price moves. Gold had nice run witch its not over but its time to pull back IMO and check the demand area to confirm more uptrend , If we just keep going up from here that makes thinks even better. Traditional markets are Hot and extremely hard to get grip on even for the best speculators out there . Can DJI hit new High who knows. 08 recovery happen way to fast and IMO and was not covered by anything beside FED constant print and throwing USD to the market to make it look good, will see how long they planing on doing that . With that in mind we all know how historically people flea to AU when market hits the fan . Long story short Im looking on going long from golden pocket and I will be watching that area to enter longer trade . Making more Digital gold with traditional assets its my long time goal as investor. People always say buy gold and I say buy gold mines .. ( Yes I buy mineral rights and keep doing it. I love prospecting there for I have no interest buying gold at all when I can go and dig it out ) As always only think you control its how much you loose so Risk Management its everything in this game . Please share your opinion and let me know what you think .
TVC:GOLD
by PTO
Descending Triangle BreakdownIt may happen tomorrow or it may string us along until the end of the year but it would seem this descending triangle has the potential to drop back down to support from LAST YEAR'S descending triangle. If this takes as long as before and we end up consolidating well into it's apex that would give time for the 200 week MA to move up and create strong support again as well (just like last year). This also makes sense with the Fib retrace because dropping to last years support would put us in the "golden pocket" between the 61.8% and 65% lines. I drew the fib using monthly candles which is why it falls a little short from the top of the triangle, but considering how volatile price action was around that top, I feel it's a good spot. I am short until we reach the buy zone between 8500 and 5000 (I doubt it will fall past 6400 & 6000 though). Then I will gradually transition long for the inevitable run back up as we approach the halving next year.
BNC:BLXShort
by galamity
2
$BCHSV / USD Nailed the Golden Pocket! Could we see median hit?$BCHSV hit the Golden Pocket (fibs btw 0.65 and 0.68 retracement) with great precision! Is the a conscience? Or could we see a big move to the upside? Place your bets now traders! I would put a stop loss at ~$120.00. For a more brave trader, or with smaller positions, $115 or $100 might look like a better stop area. With this coin not being as liquid as others, it might prove easier to get stopped prematurely. Trade smart, good luck! Don't get in a pickle! Yo boy, Pic
BLong
by The_Shill_Pickle
2
BTC; flag break or golden pocket longbtc is on a tear and seems unstoppable. Overall trend on all timeframes is obviously up so we are still looking for fresh longs. Currently we have a flagging range which we need to break out of to start the test of the previous high made on the htf charts. However we did not test previous resistance as support and I'm expecting a test of this resistance area (which should now act as support) to fall in line with the golden pocket box on the 15min chart. longs: on break of flag zone up or if we reach the golden pocket box. target previous high: $13800 If we manage to break previous high we expect to see 17k btc... exciting times! ----------------------------------------------------------------------------------------------------------- More frequent analysis is done through our discord group: discord.gg Want to learn the trading strategy? coinstreet.limited/product/e-learning-elephant-wave-theory/
BITMEX:BTCUSD.PLong
by Kroesmeister
1
NXT / BTC - 2,789%+ PROJECTION FOR 2019 - CryptoManiac101NXT / BTC TA Yes, this is not one of those coins you invest in with goals of having it widely adopted and being used in the future. Don't get me wrong. BUT! This is a coin that you invest in when it's at it's lowest point and in demand zone with goals of having it pumped on the next Bitcoin bull run. We've caught this one last year as bull run started for over 1,500% return and it's looking like we might have another, bigger run up going into mid to end of this year. Yes, not an overnight get rich scheme, but history does repeat itself and this time won't be any different This is not financial advice, but this is what we have done and will be doing.
Long
by CryptoManiac101
1