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A 13K ScenarioA 13K scenario. Based on my analysis, bitcoin has a future. Yes! Keep you eyes in February 2020. I've just posted a similar idea few minutes ago for the Kraken exchange. Based on what I see on this Bitfinix Weekly chart, Price should reach at least 12300 USD and possibly go and reach 13200 USD because I'm seeing what I'm calling candle calls on this week chart. And there are 3 bullish candle calls here (4 ones on Kraken exchange). But be aware, there can be a possibility for the price to retrace to 6000 before reaching +13K. 6000 USD will be the floor from where a big jump may occur. In that case, it will be a 2 to 2.2X price up move. But let's hope not. Another thing to watch is the USDT supply, it we see a significant increase on it,then it will tell people are preparing to buy many, and will be a real start for the up move to 12300-13200 USD target. Above that target I cannot know yet what will be the next big move of Bitcoin In a previous idea, I told the price will move down to 6500 max, let's hope it's that bottom and won't go there anymore. I will not trash my bitcoins out, I'm convinced of a bright future in 2020. I'm not afraid of a 6K down move. I HODL. Don't take my word for granted. Do your analysis, analyze again, then trade at your own risks. Don't hesitate to subscribe to get new ideas, as they come. Also I would appreciate if you hit the LIKE button Thank you PS: sorry if I double posted this idea. I've always posted all my BTC ideas for Bitfinex. It's just I'm no more trading there, but on Kraken exchange, and forgot about that while creating the idea.
BITFINEX:BTCUSDLong
by Atemak
1
13K in february?Based on my analysis, bitcoin has a future. Yes! Keep you eyes on February 2020. 13200 USD is really feasible, because I'm seeing what I'm calling candle calls on this week chart. And there are a lot : 4 bullish candle calls. That's incredible to see so much of them now. But be aware that there can be a strong possibility for the price to retrace to 6000 before reaching +13K. 6000 USD will be the floor from where a big jump may occur. In that case, it will be a 2.2X price up move (+120% gain). but let's hope not. I hope we already hit the bottom. Another thing to watch is the USDT supply, it we see a significant increase on it, then it will tell people are preparing to buy many, and will be a real start for the up move to 13200 USD target. Above that target (13.2K) I cannot figure out yet what may happen. In my previous idea, I told the price will move down to 6500 max, let's hope it's that bottom and won't go there anymore. I will not trash my bitcoins out, I'm convinced of a bright future in 2020. I'm not afraid of a 6K down move. I HODL. Don't take my word for granted. Do your analysis, analyze again, then trade at your own risks. Don't hesitate to subscribe to get new ideas, as they come. Also I would appreciate if you hit the LIKE button Thank you
KRAKEN:BTCUSDLong
by Atemak
Bitcoin: only a small rally, not turnaroundStill bearish on Bitcoin for the broad picture. 4H pin bar formed after a wild rally last night from 6800 to 7500. When there're too many shorts, a bounce justifies forcing the bearish side to liquidate their massive short positions. The overall trend is still down. For the technical part, daily RIS is turning up but on 4H chart, RSI has reached over 60. I believe the daily RSI will still wander below 50 for a long time in that no major break out volume take place.
BITFINEX:BTCUSD
by UnknownUnicorn3838311
Entering the Bears realmBase on my analysis, Prepare for a plunge below 7400. More precisely around 7320. For now it's locked in a range, but since yesterday, there was a confirmation (MA crossings) telling we're in another mood now (bearish) If price goes below 7300. It may enter another range that would make the price drop to 6500. It's time to place a SHORT (sell) margin trade. don't take my words for granted, make your analysis analyze again, then trade at your own risks. Don't hesistate to hit the LIKE button and to subscribe. Thank you
BITFINEX:BTCUSDShort
by Atemak
2
Short - term upside for Bitcoin likely in the next few daysWelcome, don´t really know if I would call it a rally or a bounce but I do think we have some upside here, this is why: 1. after those two wicks stopped out and liquidated people left and right, price still closed well above the bottom of the bullish orderblock - the demand has not yet depleted 2. we have a swing failure pattern on a 4 hour chart: whenever that happens I usually look for price to run the other way 3. we also have a three - drives bullish divergence on the 4 hour time frame as well as a confirmed bullish divergence on the 12h 4. btc dominance looks bouncy All in all, if this will turn into a legitimate rally or just a relief bounce remains to be seen but a trade is here nonetheless. My primary target is a run above the previous swing high. Feel free to follow me on Twitter as I post a lot of exclusive content there: twitter.com Take care.
BITMEX:BTCUSD.PLong
by Mansasuma
S&P 10 year trend, a case for 3800 upside, 600 downsideI use the S&P versus DOW and Nasdaq in order to cast a broader net across more assets however, the other markets seem to echo similar despite having choice selection of underlying assets. For the last 10 years since the recession pounded the markets, we have maintained a clear ascending channel exhibiting strong support and resistance trend lines. The trend line held to mid-channel nicely through 2017. The USG gave corporations a $500B USD a year tax break at the beginning of 2018 and the markets rallied but still fell well short of top of channel. As we saw bolstered earnings quickly dissipate over the year, the S&P came back to its comfort zone, mid-channel until the 4th quarter when trade wars escalated and markets struggled (breaching support at levels not seen since the recession). In an effort to prevent the stock markets from turning, the feds started printing money (QE) & reduced the prime interest rate 3 times this year(2019). These are tools we had last relied on heavily during the height of the recession. With each rate cut, we see a small and repeatedly diminishing wave up. It appears as though, despite all the fuel the government is feeding the market, it just doesn't seem to be enough. There have been a lot of false alarms for a trade deal between the worlds two largest economies but once its inked, it has a high probability of fueling the fire. There is a great chance that an America/China trade deal along with significant reductions in global tariffs could catapult the S&P to 3800 for 25% gains from today's value (along with global markets). It looks like the US has to make a trade deal with China soon to prevent the markets from souring on us. In the event a trade deal isn't inked soon, it seems like the bears may take over and who knows how far the markets will retrace - 40%(S&P@1800), 50%(S&P@1500), 60%(S&P@1200)? How about this, scary (possible not probable), definite possibility >>> We may be seeing an overall downtrend forming, indicated with a light grey line at the bottom of the chart. If this a hard trendline forming, we could see S&P spiral out of control down to 500-600 before it finds support. Disclaimer: I am currently holding S&P ETF options and see a great opportunity to straddle here.
SP:SPX
by EncryptShawn
BTC ... Close Enough? Now Up?Hey everyone. It's been a while since I've last published, although I have been actively charting. I assumed we would create a traingle pattern and then have a wave E breakdown in my "internal" updates. I wish I would have published that idea, because it came pretty close to my target. I did pass that onto a few close friends and published charts on a great Telegram Group I'm in (Chart-Attack Crypto~Chat). Anyhow, my last published idea had a target of 77xx ... we got pretty close to that. Here's the idea: You'll see on this chart, drawn in a blue line the triangle created, and then a wave E breakdown to a log trend support line ... it went below that and now is testing it as resistance. So where to now? Up, down, sideways? Here's my thoughts ... I think, if we are to assume the current low of 77xx is like the 31xx bottom we had last year ... then look at how that bull rally started. Lots of sideways, accumulation ... then up. I wouldn't be surprised if we have a hard time cracking that log trend line now, and then the bears attempt to bring BTC down to and crack 77xx again, but fail. And then some more sideways in the 8000's. I see, towards the end of November, my gann boxes showing a major time fibo ... so does that mean we will take off sometime end of Nov? If it does, look at my chart. That elliptical resistance curve (pink) ... could that be the point we reach ... it says forget about 20k (although I think there might be a pause there) ... we could go much higher! IF I'm wrong here ... in my mind it could spell disaster ... Imagine 20k to 3.1k is WAVE A, 3.1k to 13.7k is WAVE B .... and now we are making WAVE C ... which could take us to 1k or 2k. I'm not sure if you realize, but that is basically what is in front of us right now. I don't think BTC has anywhere else to hide. Either we break the ATH, or we are going very low in my opinion. Nothing in-between. At the moment, given this has corrected EXACTLY as I plotted months ago, I'm seeing this as a very normal correction, and we are still in a bull cycle. We haven't even corrected 0.618 yet (at around 7200). So I'm siding with the BULLS! For educational purposes only. Do not use for investment, trading or financial decision making.
BITFINEX:BTCUSD
by MAGICMARK
2
Keep an eye on XLM if XRP rallies.XLM/BTC, much like XRP/BTC, is currently trading above its 10 week moving average for the first time in months. With XRP/BTC looking pretty bullish on a weekly basis, XLM is likely to follow any rally higher by XRP as these 2 coins tend to move together. Also, for any crypto traders out there, Binance just launched their US exchange (Binance US.) If you need a link to go sign up, click here--> www.binance.us MA Guide (All Weekly for this post): 10 MA in Orange. 20 MA in Pink. -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Long
by Deftsuo
XRP/BTC setting up for another large rally?XRP/BTC is potentially setting up for another large rally. Price has reclaimed the 10 week moving average and is trading above it for the first time in nearly 9-10 months. Price has also tapped a historic price level around 2300 sat's that has been a key pivot point throughout XRP's history. I am keeping an eye on this one and it could be setting up for another huge rally. I wouldn't be surprised to see the 20 week MA get tested and knock the price back down a bit before consolidating then making another attempt at breaking it. Ultimately, this setup on the weekly view is shaping up to be quite interesting. Also, for any crypto traders out there, Binance just launched their US exchange (Binance US.) If you need a link to go sign up, click here--> www.binance.us MA Guide (All Weekly for this post): 10 MA in Orange. 20 MA in Pink. -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Long
by Deftsuo
BUY Opportunity NOW (+3% gain)Base on my analysis, the "Niagara fall" movement of Bitcoin of the last hour is a panic sell that won't sustain. I've seen a trigger on my indicator that tells it's the bottom of the fall and a sudden rise is already in place. I've placed a SELL trade 2 hours ago, so I'm now at +9.91% benefits. (Price is at 8679 USD when I wrote). I'll stop immediately this trade to take the counter trade ==> BUYING. I don't say the fall is fully over, but a Bullish small cycle has begun right now. At least +3% increase Don't take my words for granted. Do your analysis and trade at your own risks. IF you like my ideas, please thumb them up. You can also follow me for future ideas. Thank you
BITFINEX:BTCUSDLong
by Atemak