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MOON or HELLHi guys! I wanna share my analysis with you, I do hope you find it helpful. If you liked it please leave a like and If you have any questions leave a comment below!:) BTC is now in a clear bear market, price action is negative and the sentiment is also negative. Will it moon or we gonna crash? No one knows. Anyone stating that it is 100% gonna go up or go down is just a gambler. In the past days BTC's price decreased very heavily. Moving in this descending triangle , most people expected that we gonna go down to 6.5K and not to break the April low at around 6.4k then move up to the BLUE trendline at around 8.5k. That sounds like a perfect trade that everyone sees and that is why these seemingly easy and obvious scenarios do not play out. If you want to be a successful trader you should always go against the crowd, but the timing is key. We have key support levels at 6k 5.5k and at 5k. These round numbers, previous lows or tops are the key supports for the next days, weeks or months. I do expect to break below 6k. That would scare a lot of trades causing even more panic sells and probably also incresing the number of shorts. As you can see below, short positions are increasing exponentially. You can also see that short positions are very overbought. If the price falls below 6k it is uncertain which support will hold or break, but when we reverse it should be rapid. The increasing number of short positions and then the reversing price could end up in a short squeeze. Just like on the 12th of April when short positions dropped almost 50% in one day and the price os BTC increased by 20% in one day. If we do reach 5k and it can't hold which in my opinion is very unlikely, then it is gonna be tough and gonna take a lot of time for BTC and for the whole crypto market to recover. 5k is not only a previous top that acts as a new support, but is very important psychologically too! On the 4H chart you can also see that the rally yesterday retraced the price to the 0.382 fibb which is a very important resistance and bulls did not manage to break it. It is possible that we gonna form a reversed head and shoulders where the RED trendline is the neckline. In case of breaking above the 0.318 fibb on the chart above at 6750 usd than our next target is at 7 and 7.5k-7.6k as you can see on another chart below. The engulfing candle and the oversold RSI could lead to this possible short term reverse. In this falling market price averaging is a good idea since buying at the very bottom is almost impossible, because nobody knows where it is. ***It is not a financial advice. Always do your own research before investing into anything!***
BITFINEX:BTCUSD
by KryptonuQ
Short Squeeze is coming. Go Long Or Go Home.Hi friends, BTC keeps dropping. Heavely. BUT! As you can see as price keeps dropping, btc shorts positions keep increasing in a parabolic way. Why is it good for the smart trader? We can see a bullis divergence on the 2H chart. RSI is also very oversold. Therefore it is very likelyy to bounce from the bottom of our triangle. If we manage to close daily above our April-low then it is very likely to turn upward. So back to the shorts: As price gonna rise, people start to close their short positions in order to cut losses. Because of the large amount of shorts, as people start to close this huge amount of short positions and add to their long positions price gonna rise even faster. Bouncing from this key area would probably reinforce bulls and bring smart money in. You can also notice that at the april-low at 6.4k short positions were rising very fast just like now. Then on the 12th of April you can see a huge dropp in short positions and at the same day a tremendous bullrun. I do expect the same short sqeeze this time as well. The short squeeze in April: You can see below on the weekly chart Stoch RSI is also very low and seems bending upwards. The best case scenario would be a reversed hammer which would also confirm the reversal! If you like this analysis please leave a like, it means a lot to me! ***This is not a financial advice***
BITFINEX:BTCUSDLong
by KryptonuQ
5
LONG BTCUSD based on wall street cheat sheet.If you don't know what the Wall St. "Cheat Sheet" is, please google "Wall Street Cheat Sheet" What the Wall St. Cheat Sheet is, its the psychology of the a market cycle, when we start with the market cycle, we go start with disbelief, then as it rallies, we experience hope, optimism, belief, thrill and finally at the peak we get euphoria. As the market starts to break down, we get complacency, anxiety, denial, panic, capitulation, and anger. once we hit depression, that is the point of maximum financial opportunity. (the lowest point before the market cycle restarts) and after the "depression phase, we start again, with "disbelief" and so forth. we see some similarities of this in the 2013 bear market, and the current (2018) bear market. See chart for notes. steemitimages.com
BITSTAMP:BTCUSDLong
by AndrewHo1
Bitcoin (BTC) MA Death/Golden Cross Analysis (Part 15) --> +42%And we're long again! We had a very nice short position here for a while, but BTC finally made a breakout above the MA! The stats for our last segment are: Segment 8 05/19/2018 - BUY $8,200 05/22/2018 - SELL $8,300 05/29/2018 - BUY $7,450 Beginning ($): $14,200 Ending ($): $14,200 Beginning (BTC): 1.71 Ending (BTC): 1.91 Segment 9 05/29/2018 - BUY $7,450 TBD - SELL TBD TBD - BUY TBD Beginning ($): $14,200 Ending ($): TBD Beginning (BTC): 1.91 Ending (BTC): TBD We've almost doubled our BTC investment since we've started, and we're up 42% against USD! I know this isn't the moon shot that a lot of crypto investors look for, but these gains in traditional capital markets are insane! We've set our stop loss at $7.2k just in case BTC continues to fall. Otherwise, let's hope for a bull run here, because our gains against BTC will compound our USD gains!
BLong
by dsgorthy
The Perfect Trade.Hi friends, Looking at the 4H chart, we can see a divergence on the RSI that indicates a possible reversal. The turning point should, be the blue trendline at 7k - 6.9k. Looking at buy orders there is a significant buying power between 7k and 6.9k. I do think everyone is waiting for this buying opportunity. If we make this reversal, then the target price is the other blue trendline above at 9k. After a small pullback from there, I think we gonna break out from this triangle upwards. ***This is not a financial advice. It is only for educational purpose.*** If you think it was helpful, please leave a like, it means a lot to me. If you have any questions, feel free to leave a comment below.
BITFINEX:BTCUSDLong
by KryptonuQ
Bitcoin (BTC) MA Death/Golden Cross Analysis (Part 13) --> 42%Welcome to the 13th installment of my analysis series! We've been on a short for a while now, but it looks like we're ready to go on a long streak. The RSI is right in the middle, and we've crossed our MA here. Remember, we're minimizing risk using this strategy, so we may lose money on this leg. We're tracking the following statistics to monitor the performance: Segment 7 05/02/2018 - BUY $9,200 05/06/2018 - SELL $9,600 05/19/2018 - BUY $8,300 (note $300 false-long loss) Beginning ($): $13,950 Ending ($): $14,200 Beginning (BTC): 1.51 Ending (BTC): 1.71 We saw some decent gains against BTC on the short segment. We're up 70% against BTC and 42% against USD, so let's keep this run going!
BLong
by dsgorthy
Perfect Fib Retracement with a Perfect Buy Indication on TD 4hr.Looks like we have a perfect 5 wave pattern happen after what seemed to be a crash that lasted forever relative to previous corrections. There was also a perfect fib retracement back with an ABC correction pattern. So far we have started the first sub wave belonging to a 3rd wave count which is usually the strongest. Its time to load the boat if you haven't already. This little pull back was nothing more than an attempt by the market movers to take out stops on longs that I am sure were starting to annoy those that stand to benefit from derivative losses. But this is why we must stay on our toes never getting too comfortable with the price action. All that being said, I don't expect BTC or the crypto market to get any slack from the authorities with the among of geopolitical turmoil that has been going on lately causing legacy markets to inch lower and lower as the weeks go by. This money I believe wills tart hitting the crypto market when the masses finally start figuring out that which Deutche Bank senior analysis have been saying on Fox News over the week end(Currency Devaluation and unpredictable markets). Also everyone needs to be aware that big players habe entered the market which will cause an inevitable shift in price action and its behavior moving forward. Expect a lot of Bull and Bear traps moving forward as well as concentrated dumps during low volume trading hours. Crypto is a whole other animal than it was last year. Good Luck and God Speed Gents Mr. Manbearpig
BITMEX:XBTLong
by MrLucifer7
BTC to bounce back UP above Overall Trendline?After the last Up squeeze, BTC/USD is currently moving on a relief (retracement) movement. It respected perfectly 8355 pivot level (resistance) to bounce down and now is about to face the Overall trendline which can be considered now a support level (was a resistance). If it can bounce back up from the Support level (around 8150) I would definitively take a long position with a tight stop Loss. (Manage risk before all) If it never reaches back 8150 level, then no trade Timeframe 4 hours MT Alberto
COINBASE:BTCUSDLong
by KarySah
Deeper view on BTCUSD...The future of bitcoin?Hi guys! In my previous publishment I went bearish doubtlessly. Despite the fact that I'm still bearish I wanna show you both scenarios and my thoughts on it. Let's jump in! Going back to the late november/early december when the hype started everybody started to talk about bitcoin. When you went out with your friends to your favourite pub and after a few drinks you were all talking about bitcoin. But you heard about it in the school, in the university, in your workplace...literally everywhere. Few of you started to put a little money not even knowing what is was, guys with bigger balls put a lot of money also not knowing what it was. The price started to go up and in media every NEWS was about bitcoin. The price started to move higher even faster and faster and you told your mom your dad your friend to even your grandma to buy bitcoin. Everybody loves quick fast money, hah? And it was too good to be true...FOMO (fear of missing out) came in. A lot of people missed the opportunity to buy at low price. People saw that the price was rising, but every time the price made a new ATH (all time high) it was said to be the TOP. But bitcoin was keeping to make ATH's and it seemed that nothing can stop it. At this point people who hadn't invested started to think about it: what if bitcoin keeps moving up?...I can make a quick money, it is not late yet! Sadly the media was also trying to encourage people to jump in and invest money, a lot of famous people predicted that at the end of 2k17 it is likely to go 30k 40k 50k...so people thought why not jump in at 14k USD at 16k USD at 18k USD at even 20k USD. If the price goes up 50k why not buy at 20k?...I can still double my money,...they thought.... The problem was that people who bought at the start of the year or at 5-8-10k started to realize their profits. And the price started to go down. People who bought at the very top held the money for a short time thinking that it is another little pullback then TO THE MOON again. We also had a cute little bulltrap when the price fall back to 10k then went up to 17k. But the price just kept going down. And grandmams, moms, fathers and other newbie investors started to quit the game and PANIC SELL. It was so obvious that it is gonna happen. Everyone who said it was not a bubble is just ridiculous. Bubbles always happen and bubbles are good if you know how to ride them. But newbie investors have no clue about bubbles. All the whales who bought in early benefited from the pump that media created. And of course whales own and lead media... Another reason that was it so obvious that is was just a bubble? Just think about it: Why did you buy bitcoin? Because it is a new technology, it is awesome, it is gonna change the world? Or you wanna buy or sell things with it? Of course not, hahaha stop kidding me guys, of course not. The reason is simple: you wanted to MAKE QUCIK FAST MONEY. The amount of people who actually bought bitcoin to use it as a store of value or beliving in the technology or wanted to be part of a revolution is very little...I mean very very little. Of course who bought in early wanted to realize profits. And of course newbie people who bought late panic sold when they saw the price falling because they couldn't handle it psychologically. In my opinion longterm the price surely gonna go up. Slowly but surely cryptocurrency gonna take over fiat, but I think it is gonna take a very long time. The biggest problem now as I mentioned that people now don't buy bitcoing or other cryptocurrencies to buy or sell things with it. The reason is only money making. When people can overcome this barrier that's gonna be the time for cryptos. And it cannot happen without stablizing the price. Technical analysis will be in the comment because the number of character I can use is limited.
BITFINEX:BTCUSD
by KryptonuQ