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Bitcoin LONGBitcoin shorts on bitfinex are approaching their all time high, what does this mean for the price of btc??? I think we are going to have yet another short purge. I expect a big green dildo to 6,620 at least. Not your normal fractal, but trading against human phycology is an indicator on its own. Like do the opposite of what cnbc says do lol. If you follow the herd, youll end up like the herd. 90% of traders lose money, right? So why would you follow them??? Thank yall for reading, more analysis to come :)
BITFINEX:BTCUSDSHORTSLong
by bthechad
XRP possible last opp for a good short Looking back into the history and the pattern similarities I think the price may pop up to the trend line as it did before and then bounce down(see blue boxes and green targets). That's a great opportunity to get in a nice short pos (.0006240). Afterwards, this time I think there will be a consolidation period, rather than the radical pump up. That's the two lower yellow lines you see with the dotted white line right down the middle. That will be my trading zone/range
by Kick_Back_Time
ETHUSD Buy Demark Setup PerfectionGoing Long ETHUSD -2.44% -2.82% with a Demark Setup Buy Perfection signaled on the 12 hour chart and a move above the high of the 9 bar at 415.89 -Long at 415.89 or better (got filled Saturday morning at 405.96) -Stop with a *12 hour bar close* below 399.13 (the 12 hour candle must close below this level to signal liquidation, merely going below does not stop me out of this trade). Currently BTC as below 7000 but sitting on the 61.8 level for support, 6500 is the next support if it doesn't turn around here. This is weighing down all crypto at the moment. This weekend should be pretty volatile, try not to puke! That being said, I am only focused on trading these Demark Setup Perfections as the backtests have proven exceptional. Will look to add to this position if it moves in our direction.
BITFINEX:ETHUSDLong
by ChrisD_Macro
1
BTC Update 04.08.2017, long opportunityOnce again Bitcoin is approaching a critical level based on our previous analysis. The Golden ration number from our previous call at $6815 is within reach. Now we stated numerous times it is a very key level on the trend bitcoin will be taking now. If this level holds which is our assumption, we will be heading up to test previous highs and also new resistance where the red arrow points. If we lose the critical support however, the bearish scenario will be in play and it will take us sub $6000 with a high probability to hit even lows of sub $5000. Our recommended trade here is ladder longs in the green rectangle area and HOLD them. Only SL if we break below $6650 since there will be a pretty high chance to rebuy BTC Alot lower. Trade safely!
BITFINEX:BTCUSDLong
by AlphaTradeZone
1
BTC : Logical slip lower in classic post-bear basingAs I suspected in last update, this first run above then down to the 150 day moving average as support did not hold. It was an important battle move for the bulls, but more time is necessary. Today we logically slipped down a bit, to find the 50 day moving average in the blink of an eye and of course it aligns with logical horizontal support. So again... will it hold? 50/50 are the odds I'd give it. Our long side eyes want to see it hold, but ultimately it's a coin flip. To be honest, a break and fall back to test that H&S neckline is just as likely and that would have a long term positive affect by washing out a few (or more than a few) more weak hands. This is classic technical basing following a harsh period of bear dominance
BITSTAMP:BTCUSD
by quentin.bomgardner