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Make sure you know what you're buyingHave you ever heard of the XRP army? Most likely not, since they no longer exist. Once upon a time there existed a group that believed XRP was going to $589 I believe? Others could say the same about me since I actually believe 1 BTC will = $1,000,000 + I know what I'm buying when I buy bitcoin. Not sure people understand this ada token is but a promise that has now been priced in. Where does price go from here? Who knows. Heck, it could go up more for all I care. The risk vs reward though is atrocious. Early was 1 year ago. Exit liquidity.exe This is the game..
KRAKEN:ADAUSD
by Bohrbtc
4
BTCUSDT - Bad News, but Bitcoin stays strong? Big move ahead?BTC had a weird week. I know how you feel BTC. I know how you feel... Before I go further, I'm sure you all heard the news today that shook the markets around the world... That's right - John Mcafee was arrested in Spain! How will the world ever recover?? I jest of course, somewhat, Mcafee did indeed get arrested but I would imagine only he would attribute todays market movement to that. Indeed, the true reason seems to be the that stimulus talks were thrown out the window in the states. Is Trump holding the markets hostage to seal his reelection? Do I like conspiracy theories?? Who knows. Anyway, we're currently sitting right on fib .786, in what's looking like a consolidation triangle. With us being right at the tippy tip. Consolidation is a lack of volatility, or a settling of price movement if you will. When BTC does it's weird jumps, they almost always hit after low volatility. I've marked these points of lower volatility, notice they all correspond to big jumps in either direction right after. That means we might see a move soon. We saw the markets across the bored continue their descent today, bitcoin kind of stalled out right at the lower level of this triangle. Maybe down isn't the direction it's going? Indicators: MACD has a shrinking bull deviation and is on an upwards trajectory. Stoch Strong, but not yet in overbought. momentary bear cross without much price movement yet. EMA Right on EMA 100 right now as support. Volatility has been declining. This has been a big indicator for a sudden move coming in the past. OVERALL Honestly, I was surprised by the support BTC had during todays dump. While previously surging alt coin market shedded gains across the board, BTC stayed strong above 10500. Given we look to be at the tip of the spear, best best is to see which way it plays out. We're still in a bad spot for buying in, no real confirmations of movement in either direction. Although the lack of downward movement is promising, as we all hopefully know, absence of evidence is not evidence of absence . Potential landing points are marked on the chart. A big move is coming, trends say up if this lower end of the ascending channel holds. -- "I have never seen a greater monster or miracle than myself." -Michel de Montaigne -- I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
by cryptosince1963
Bitcoin: BTCUSD Looking Up Again...Next Buy-Points Today Bitcoin: BTCUSD Looking Up - Next Buy Points Today Having spent the overnight session in far East with no buyers or real interest Bitcoin drifted as a consequence. But the good news was it didn't crash ...that is a massive positive sign that whilst it was getting tired overnight, it wasn't getting rejected and sold off - just neglected more than rejected. Good for the bulls here. Overnight it has also completed a 4 sections down move, similar to previous down-moves in this run though not so well defined as the last couple, but still similar. And now in London it has been bought once more. Usual 'Tokyo Drift' overnight then met with some serious buying out of Europe at 8.30 utc. This break-out, although consolidating now, is a good one by the looks of it. To break out from here and try to leave all the structure to its left is the first really bold move Bitcoin has made for a couple of days - all price action up to this point has been consolidating in nature - it's done well and the bulls are beginning to win this 800 point argument that's been raging for these last 2 days. But right now it's showing spikes on the 15 minute chart on Bitstamp and is liklely to come off some more - the pattern we were looking for has emerged overnight and been broken decisively to updside by this morning's price action - if day trading you will probably have already bought the break out and now will likely have sold (spikes showing and it's hit clear resistance line on Bitstamp too) If so, good trading! And if not, it's OK too, it's been and gone and there will be another one coming soon - and so we look to buy the dips again
COINBASE:BTCUSDLong
by sumastardon
1
IOTUSD 3H CHART IOTA ENTRY LEVELSIn the last post, a symmetric triangle was identified, after resistance break an immediate target was achieved, at next major resistance. However, this resistance zone was not pose any resistance at all, so we could see a price rally to higher levels, and DMI confirms it. RSI and Stochastic (not shown) look overbought. Market is currently struggling at the 0.786 Fibonacci Extension level. This could be a new entry level if broken towards the next resistance level at 1 Fibonacci Extension. Next major resistance zone begins near $0.57. It seems unlikely to reach this level short term. Trades could be opened right now at a 1.79 Risk/Reward ratio or even better, wait for a short term reversal and entry after uptrend is confirmed again. This would increase the Risk/Reward ratio.
BITFINEX:IOTUSDLong
by WaineNZeddmo