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BITCOIN SOON TILL MOONHello budies,unlike other markets predictability and so called bitcoin relation to s&p 500 or others i belive bitcoin is not technically and specially on low tf s predictable but fundamentally.the large market cap of btc almost creates limitations for manipulation of whales but exchanges smart platforms are designed so perfectly that can benefit most of traders s/l ,liquids and so on.the reason that pesuades me to belive that most TA are not reliable is that cryptocurency traders mostly are observing the same price movements on their screens and mostly share the same knowledge of TA.a good strategy considering all probalality and avoiding emotional trading leads owners to have a good plan and benefit most of price movements.
Long
by HaghighatiMaleki
KEY WEEKLY - UPDATE 12/22/2020 - There's a Bull Run? Had No IdeaWe're still seeing consolidation! This is a very long period of consolidation, obviously, which generally means a bigger move when it eventually comes because you have that much more accumulation that's taken place. More sideways movement means bigger eventually up movement. (hopefully that holds true here at least lol) We did see our first substantial buy volume in some time on last weeks candle, though it was snuffed out fairly quick into this weeks. That said this week is very young and the alt's are moving like we stole them so there's an alright chance this candle or the next we'll start seeing a breakout. We're closing in on the end of our wedge, so we gotta move somewhere! I don't think we'll break down from here, Just can't see that in the cards with how many opportunities it has had in the past... well quarter really. But if it does our support levels are marked in yellow. RSI is in an interesting spot, showing some strength for the first time since Mid September before stalling just outside oversold. MACD is fairly neutral: strong position but stalled in a bearish cross. Short term targets marked green on a breakout if you're trading it that way. If you're holding long term top TP would be good to secure SOME profit, but likely much more headroom long term (see prior ideas for potential targets there.)
KLong
by cryptosince1963
14
BTC/USD - WE ARE GOING TO THE MO---- wait a second...Played around with the fib channels on the largest time frame I could find on TV and guess what, it does not look good from here. This chart is telling me to short until 1.5k. The tether news is causing a lot of speculation. This is exactly the time not to try to make assumptions of what might be going on, in terms of the news, and instead check your chart to make sure you understand the overall trend. By this I mean get the biggest time frame you can find and chart it. I hope this chart doesn't play out, but its better to be defensive when trading in my opinion. I heard a great quote today: "once you stop losing money you'll start making money". Good luck everyone. Target 1: $1500 The red line indicates my target. This is a log chart. This is not financial advice. All charts shown on my page, including this one, are just for fun. If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
BITSTAMP:BTCUSDShort
by Halams
1
BITCOIN: BTCUSD Stay LuckyBitcoin Update Looking at later price action we very lucky to pinch a 400 point win as the US woke up at 7am est. From there it was all down hill. Due to FOMC meeting and all those lesser fiat currencies that flip around on a dime on such days Bitcoin got left as a buy above 16100 and a sell at 16447, looking to buy again at 16000 'or as near as possible'. In the event the subsequent high was 16500, 53 points higher than the sell and the next low was at 16014, 14 points out from the perfect re-entry point. This second trade netted about 340 points to add to the 400 won earlier. Now we had a second chance to make another 330 points as Bitcoin rallied from 16014 back to 16447 again. And day traders will have have had an absolute field-day: once they spotted the range they could have nearly doubled the 1070 points we have taken in those three trades by shorting each run, as well as just buying the dips as we did. In a flat market today was a near perfect day for being a day trader in Bitcoin. As this is written Bitcoin is breaking lower, testing any weak bulls still left long from higher and coming down to steal their stops under 16000. No interest in buying though. Maybe if 15169 gets tested later it might be worth looking at if it holds up there (with stop no more than 100 points lower) - otherwise we can bide our time. We still only need to pull 1000 per week out of Bitcoin to own it outright in 17 weeks. We average twice that amount. Let's hope it continues as long as Bitcoin does. And when that day comes, just pray we're short or flat. Notice we never own Bitcoin for more than a few hours at a time, apart from that prime cut that got slammed in the freezer at 7k? Because one day Dimon might be right. On upside next buy
BITSTAMP:BTCUSD
by sumastardon
2
Copper huge long opportunity!If weekly candle closes at 2.67+, the weekly downtrend ( from 2013 !!) will be broken, and with the 4H stoch-rsi turning up, its very possible. The weekly Stoch RSI is also turning back up, so momentum is yet to come. Daily indicators are neutral. Right now, the big resistance area is obviously 2.74. IF we pass this level the algo's will probably pop it to $2.8+ very quick. Copper has been consolidating between $2.5-2.7 for the last 2 months and looks primed for a breakout to $3. Combined with Trump's pledge for more infrastructure and his wall, demand will only go up. Short term, union workers at BHP Escondida, the world's largest copper mine in Chile, are also likely to strike next week over their low pay, which would be a catalyst for the breakout (thru supply disruption). Here is an article about it: www.mining.com Am currently long 5 contracts but might reduce because of possibly scary weekend gap. Good luck :)
COMEX:HG1!Long
by CaffeinatedCryptoo
1