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BTC Time and Price Analysis In this analysis I will go in the order of long-short term charting and try to explain in depth as simple and short as I can, feel free to comment below , Enjoy. So first off, what we have here is a WXY correction(Double three combination correction)e.g www.elliottwave.net And we currently have an ending diagonal triangle forming as of now e.g www.futuresmag.com Now we proceed to our price targets of the year , we now find the possible fib retracement targets Btc has for 2018 with the use of trend based Fib Taking the highs of 19k, lows of 6k , and the retracement up to 10k to find our possible last target for wave Y, which lies at the 0.5 retracement of around 4900 We then use the highs of wave b, lows of wave c, and highs of wave d to calculate possible fib retracements for our final wave E which lies at the likely target of 5160, Hence my recommended buy zone is from 4900-5160 for long term hold. Time analysis We now dive into time analysis where we take the swing high of wave b, swing low of c , and swing high of d to find the time approximate for wave E, a minimum target of 1:1-1.618(common retracement) is given in this chart which is from around September 13 to October 13. The 1.618 time retracement coincidentally meets with not only the trend line that led me to the assumption of retracement of 4900 but also meets with the 1.618 time retracement area. Hence in a nutshell my targets for lows of this year are anywhere from 4900-5100 area and i believe it will happen around October periods Hope it helped you !! Happy trading. DISCLAIMER:I am not a financial advisor and these are just my own personal opinions to give you more exposure to your last decision on whether to short or long Thank you .
BITFINEX:BTCUSDLong
by noobtrade232
Bitcoin is Yelling 'Get Off my Lawn!' You better listen to old man Bitcoin, he is not playing any games today! It’s pretty clear from the chart above that the market made their decision definitively. If you remember from the last price analysis that we did, we mentioned that $6.8k-$7.2k would be the zone that would lock in the price of Bitcoin until there was a strong movement in either direction. In the author’s estimation, they surmised that the price would actually bounce upward, however, the author was wrong on this account and it appears that the price has broken down south of the $6.8k mark. This was another major resistance/support point for the price of $BTC in the past. Looks like the RSI(14) has dropped straight down to the oversold category from overbought without one hitch or fork. This is what you would expect to see after a classic dump. Which should lead one to the understanding that Bitcoin was pump and dumped. Doesn’t get much more blatant than that. What you’re observing above is not the natural progression of RSI. This is manipulation at the highest level and something that traders should be distinctly aware of. However... It’s your responsibility to hedge. This possibility that the price would either move up or down was discussed thoroughly in the last analysis. Make sure that you always have a “backup plan”.
BITFINEX:BTCUSD
by librehash
1
Bitcoin Price Analysis: Bounce May Finally Be in OrderAs you can see the price drop is looking a bit over-extended on the 4H chart now (finally). It’s hanging outside of the bottom of the Bollinger’s Bands, which means that an impending price increase is pretty much fair game from that point. RSI(14) has been shooting down on the daily chart for $BTC #Bitcoin. Typically, there’s some sort of bump in the RSI before it hits the other end of the spectrum (from oversold to overbought and vice versa). It’s important to understand though that the RSI is not yet oversold at this point, and we are still in a bear market. However, more often than not, the RSI tends to take a break shortly before continuing forward. 12H-RSI(14) for Bitcoin The 12H just touched the oversold range. 4H RSI(14) for Bitcoin Even more oversold on the 4H. Let’s check out the price activity over the last 24 hours, because a lot has happened. So, the price has depreciated by 7% over the last 24 hours, which is pretty substantive. It broke straight through the $7.2k support that we outlined in one of our former price articles and is now just below $7k as it looks to be making that push toward $6.8k as we predicted it would a few days ago. RSI is actually rushing on the 1H chart here though after it rushed forward toward the $7k support (which has held pretty well thus far): Let’s answer a couple of questions before getting into the other reasons for why there is reason to be somewhat bullish on the price of $BTC at this current moment. Those yellow rectangles that you see on the chart above represent the $6.8k critical support point that Bitcoin is getting ready to test. That diagonal line that the price looks destined to coincide with also represents that former uptrend from June 28th to the present moment. Above is a depiction of what the author is proposing the future price action will be. Given the converging support points as well as the oversold RSIs, it seems as though there is a likelihood that there will be temporary period of relief for Bitcoin bulls and a potential bounce from this $6.8k point. However, bulls should not get too enthusiastic, because there is still a substantial distance for Bitcoin to travel. There is a potential upside of 16.26% on this move. This long-term downtrend resistance stems from the $11.5k peak that occurred in March. However, Bitcoin would need to pass some heavy resistance points before actually being able to reach said “max” R/R. **Assuming That This Bounce Does Not Happen** To state that this will not happen, is to state that the price would drop below that critical $6.8k support point. That mean that the price would ultimately end up at $6.5k. Conclusion This was a very carefully crafted price analysis, because this move that was explained in the graphics and words above may be a few days away from manifesting itself and the move itself may take a few additional days/weeks to manifest. In fact, this scenario may not come to fruition until September. To clarify any confusion, the author still firmly believes that the price of $BTC will continue downward after the bounce occurs.
BITFINEX:BTCUSDLong
by librehash
2
$XRP Looks Like It's About to Run Away As you can tell from the very first chart, $XRP looks like its ready to take off on a rocket ship soon. Above you can see a chart of $XRP on the $BTC pairing. As should be obvious, you can see that $XRP has been sort of going crazy lately on this pairing ever since approximately July 30th/31st. Now, please take note that this is just the 1H Chart that I’m looking at, and this mini uptrend has only prevailed for approximately 4–5 days, which is hardly any length of time, even in crypto. However, from what I’m seeing, this is bullish for $XRP holders. This picture above shows the strong uptrend that $XRP has been on in the last few days on the 1H chart. Let’s throw on top of it that it appears as though a bull pennant has formed (and been successfully broken) on this chart as well, which is a very good sign. However, one major point of concern here is the declining volume over the last couple of weeks: Now let’s examine why in the world $XRP has been experiencing such bullish price action against $BTC. To Do So We Need to Look at the $XRP / USD Chart First As you can see in the picture above, the price of $XRP on the USD chart has met against that super long-term resistance point of $0.40-$0.43 as it grinds at the apex of this VERY lengthy triangle pattern. Now, Let’s Check Out the Price Movement for $BTC / USD The price of $BTC appreciated between 7/19–7/26 (15.54%) and between 7/30 to present the price has dropped substantially (-13.08%). Now, Let’s Go Back to the $XRP/BTC Chart and See How This Coincides: Should be pretty obvious what’s going on here. This is why the combined short on $BTC + the long on $XRP was advocated in the past from me. Strategy/Conclusion Given the fact that this is what the RSI on $BTC looks like at this present moment in time: It feels like a continued long on the $XRP/$BTC pairing would be a wise idea. However, if I were a trader entering this trade, I’d set a stop loss at $0.40 on $XRP. If it breaks to that point, you’re in danger zone.
Long
by librehash
1
Ripple Looking Ripe for a 'Long' GambleAs you can tell from the very first chart, $XRP looks like its ready to take off on a rocket ship soon. Above you can see a chart of $XRP on the $BTC pairing. As should be obvious, you can see that $XRP has been sort of going crazy lately on this pairing ever since approximately July 30th/31st. Now, please take note that this is just the 1H Chart that I’m looking at, and this mini uptrend has only prevailed for approximately 4–5 days, which is hardly any length of time, even in crypto. However, from what I’m seeing, this is bullish for $XRP holders. This picture above shows the strong uptrend that $XRP has been on in the last few days on the 1H chart. Let’s throw on top of it that it appears as though a bull pennant has formed (and been successfully broken) on this chart as well, which is a very good sign. However, one major point of concern here is the declining volume over the last couple of weeks: Now let’s examine why in the world $XRP has been experiencing such bullish price action against $BTC. To Do So We Need to Look at the $XRP / USD Chart First As you can see in the picture above, the price of $XRP on the USD chart has met against that super long-term resistance point of $0.40-$0.43 as it grinds at the apex of this VERY lengthy triangle pattern. Now, Let’s Check Out the Price Movement for $BTC / USD The price of $BTC appreciated between 7/19–7/26 (15.54%) and between 7/30 to present the price has dropped substantially (-13.08%). Now, Let’s Go Back to the $XRP/BTC Chart and See How This Coincides: Should be pretty obvious what’s going on here. This is why the combined short on $BTC + the long on $XRP was advocated in the past from me. Strategy/Conclusion Given the fact that this is what the RSI on $BTC looks like at this present moment in time: It feels like a continued long on the $XRP/$BTC pairing would be a wise idea. However, if I were a trader entering this trade, I’d set a stop loss at $0.40 on $XRP. If it breaks to that point, you’re in danger zone.
KRAKEN:XRPUSDLong
by librehash
1
$OMG Might Not Be a Suitable Entry for Weeks The chart above is the daily for $OMG. Short-term downtrend still holding steady on the $BTC pairing for $OMG. Lots of red candles at the end here. RSI = dramatically oversold. Remember, we are in a bear market, so it can remain oversold for as long as it needs to be oversold. In other words, don’t adopt the fallacious trading logic (in a bear market) that says, “Oh! It’s finally hit the oversold point. That means that we must be due for a bounceback now!”. This mentality will get you savagely wrecked. Volume at the bottom here isn’t doing any favors either. Actually, if you look closely enough, you can see that it appears as though the sell volume has actually increased over the last few days for $OMG and, in general, it has been a lot higher than any of the buy volume candles on the currency, currently. I haven’t personally tracked the sentiment in the community right now, but I would imagine that it is not very high at the moment. Volume ain’t looking much better on the 4H either. You can clearly see that the buy volume is descending on this chart, with the body of the last candle that’s forming currently right now not exhibiting an open that is dramatically above the close of the preceding close (Heikin Ashi bars). This is probably what can be attributed to the slight rise in the RSI, but overall there’s nothing to write home about when it comes to $OMG. I’d have to write this down and write this off as a hard pass. I marked this idea as a 'short' technically even though there are really no viable ways to short unless you find yourself a lending platform that will allow you to do so.
OShort
by librehash
Looks like $7.2k will be the next stop As the chart above shows, $7.2k is the next likely stop for Bitcoin. Right now the price has consolidated upward toward the $7.4k range for $BTC. One of the main factors that I personally attribute to this is the fact that $BTC got a boost from CMC this morning from their exchange API messing up (so they say). Basically what happened was that that their exchange API falsely reported prices that were vastly inflated from what they were across multiple exchanges. For example, CMC reported that the price of $BTC was hanging at $8.4k, and that $ETH had hit $500, $BCH was at $800...etc., you get the picture. So, I believe that this had a sentiment effect on the entire market because people were perceiving the prices to be dramatically higher than what they really were, which resulted in some amount of FOMO buying and selling. Despite this random (not so random in my opinion) API malfunction (due to their connection w Bitforex), I think that the price has jumped to $7.4k. I anticipate, based on the RSI and other factors, that the price will eventually continue its path downward for the next 2-3 weeks at least (in terms of overall movement; there will be some leaps here and there I expect).
BITFINEX:BTCUSDShort
by librehash
1
NZDUSD is on the bottom of the channel - LONGFrom some time NZDUSD is at the bottom of the channel. The golden rule of trading (doesn't matter if it's currencies, stocks, cars, video games) is to buy when it's cheap and sell when it's expensive. When you are buying TV - you know which one is cheap, and if you are doing little research you can say that some time ago the price was higher/lower and on that basis you can decide if it's worth to buy it now or wait. The same situation is on forex. The price of NZDUSD seems to be low right now, so for me it's time to buy and make 5-10% here ;) And that's why I'm planning to open L at the beginning of next week. I will put my stop-loss on 0.665.
Long
by untechnical
2
ETHEREUM CLASSIC PRICE ANALYSISECT is one of the project still holding firm defying the Bears. With Coinbase announcement to start the process for listing ETC, there has being a strong hold, Prices drop synchronous with falling crypto marketcap but returns higher from the previous highs. Also, there is speculation of a surge should the SECs approve BTC ETFs. Recent bear slide has pushed the price to $16 and may continue lower during the weekend but a bull rally is expected to push the price to $20-$21.
KRAKEN:ETCUSDLong
by Santiago1
BITCOIN CASH PRICE ANALYSISPrice pattern of BCH often seem same as the of ETH. The bears continue to slide the prices despite positive news that Robinhood’s zero fee crypto trading platform has added support for Bitcoin cash. As mentioned from previous analysis about the vulnerability of the network, this con also impact on a further price fall. We expect price to hold at previous support of $606. Meanwhile Roger Ver is back again on his attack on the Bitcoin network claiming that "Bitcoin Core and Blockstream have intentionally degraded the user experience of BTC and caused people to seek out other coins to use as a substitute".
KRAKEN:BCHUSDLong
by Santiago1
ETHEREUM PRICE ANALYSISLooking at the price action today reminds me of the first analysis . Prices rallied during the short bull excitement but began to fall as the bears returned. Looking at the chart, prices are expected to find support at $405 as price may continue to fall during the weekend. A break at this support will send the smart contract platform token seeking support at $362. Recently Joseph Lubin, co-founder of Ethereum, announced in the RISE conference held in Hong Kong, that the Ethereum blockchain has now entered the second phase of its development which will focus on the development of solutions like Plasma and Sharding.
KRAKEN:ETHUSDLong
by Santiago1
BITCOIN PRICE ANALYSISWith the bulls lacking strength to push bitcoin price to $7000, the king of cryptocurrencies has been found sliding again. A continuation in price fall during the weekend may find a support point at previous low around $5803. A break from this support may send the king looking for cover at $5000 or just below. Though most investors wouldn't want that, one of them namely Katy wood founder and C.E.O of Ark investment in an interview with coindesk, stated that its healthy for the ecosystem.
COINBASE:BTCUSDLong
by Santiago1
BTC technical price analysis for the foreseeable futureBTC ranging still albeit looking bearish, a little bounce here till it falls down to that long standing support line. I expect it to bounce there and create another higher low. The point of interest will be the next push up, if it fails to create a higher high and that lower high fractal is created I expect a fall down to the that gold zone (major support/confluence zone). If it gets there you would need to reassess the sentiment in the market as well as volume, downward velocity and market formation. I would expect it to really test that purple trend line down in the that confluence zone, I would definitely expect a bounce in this zone however.
BITFINEX:BTCUSD
by dilsy111
Long after crossing SMA100EURJPY looks quite bullish. I have one long position I opened below channel bottom, but I'm not that sure about that decision, so I will wait with building bigger position until chart will cross SMA100. So here is my game plan: I will open long above SMA100, and if I'm right I will keep position to orange dashed line I put on chart. I'm not convinced to keep position to the top of the channel - it looks too expensive for me, but if chart will behave like it is ready to go there - i will build another position above orange resistance level. What if I'm wrong - I think I will close position when chart will cross SMA50 and SMA20 and wait for other opportunity.
Long
by untechnical
DNT... breakout imminent coming days? Or double top?DNT is a fast mover today. Broke out of the horizontal resistance, and may go on to retest the recent high near 1067 satoshis. But I must war, it is still in the range to form a double top. It may need more time to consolidate as well, there is low volume, and this was a strong upmove. However, I can see it reaching this price target within coming days. It's a good swing trade setup. Stops can be placed just below the blue support line, near 660. I also want to say that support seems to extends from 880-865, not on a single line. I have also noticed a cup and handle formation, though this chart is on the 1 hr, keep in mind. But it's not the "cup and handle" that matter, it's the idea behind this formation. There was a potential (rounded) bottom formed, followed by an upmove, and now there is a lesser period of consolidation. If DNT closes above the previous high, that would signal a higher high, and a higher low. All it needs is a bit more volume and there she goes. But beware, until we breakout, this could theoretically become a double top (bearish), though I believe it is the less likely scenario Still, patience is king. Wait for the breakout with confirmation. There is a strong upmove, and if you have money to lose, try your luck. But you are an educated gambler, not a trader!
Long
by darth_bitcoin
BEPL Chart Analysis - for Short to Medium TermBEPL looking like in Consolidating and Forming the " Descending triangle " pattern on day charts. Price recently got rejected from 50% levels recently and moving side ways with lower levels. Although its making strong support at 155 - 160 levels, but looking at overall trend and nifty , price likely to break the support. This confirms the bearishness and confirmation of "Descending triangle" pattern breakout. The first demand point will be 135-140 where we can expect minor retracement. If price fails to hold above level, we can see 110-120 levels, which happens to be Major demand point and we can expect price reversals strongly. Investors are advised to Use "Buy in Parts - Buy in Dips" strategy until they see a clear hold of mentioned levels.
NSE:BEPL
by chanakyak