Get started

To

The Bloodshed Is Probably Not OverHello everybody, welcome to my first ever public idea. Who knows, maybe there will be lots more in the future, or if I embarrass myself too bad right now today then maybe not! Anyways, I'm thinking that April could be bloody. And I'm feeling optimistic about May and June. This analysis is based off of Elliot Waves, seasonal patterns, and my personal optimism about the future of cryptocurrencies and Bitcoin in particular! Hold on to your britches folks. Things could get interesting!
Short
by OneKRicher
BTC bears run almost overDear crypto friends, I hope you sold you btc following my previous TA so that now you have some fiat to invest in the buy that I have highlighted. (Remember buy low and sell high) So, as we can see there was a 1-2-3-4-5 downtrend because of several factors, Binace ban in japan, rumors about pedo-pornografic material in BTC (old one actually) and so on. This is a classic scenario for a strong downtrend as we saw yesterday and during the night. Currently we are still expecting a further downtrend to the major support area (green) it could even not reach that level therefore the suggestion is to anticipated your buys. The RSI downtrend is almost over and the MACD is oversold which leads us to be strongly positive about a bounce back. Stay tuned and like if you enjoyed the TA. *this is just my opinion I'm not a professional advisor! Make your choices wisely and manage your risks!
BITFINEX:BTCUSD
by thegio
Bitcoin BTCUSD Trying Hard to Change Trends Today Bitcoin BTCUSD Trying Hard to Change Trend Bitcoin broke above the 9537 line here and then moved up to testthe upper parallel, making an 02:15gmt/21:15est high within the first hour of far East opening before falling away \again to an 08:15gmt/03:15est low right on the blue support line at 9373 before bouncing again on European interest at the lower levels. Now it's bounced to touch the first line of resistance at 9537 once more and day traders are taking a fast 200 point win and cashing back out again many of whom have shorted at the usual 06:00gmt traditional short time and made 200 down and now 200 up again. At the moment Bitcoin is still in day-traders' and scalpers' territory with no killer swings to trade as yet. It's still trapped in a downtrend but is at least trying to form a higher low so far today and therefore showing first signs that this downwave is running out of downside momentum. In very near term it's gone into a small continuation pattern and is trying to break above the 9537 line where fixed and dynamics converge - tiny pins below and above price forming on 15 minute chart meaninga big battle is raging below the surface here. Things only begin to turn positive again now when the 9537 line is retaken and held by the bulls - that will likely lead to a test of the upper parallel again at 9682-9715 - and then the big test...Bitcoin has to break and hold above the 9715 level before the last bear will back off. It would be yet another brilliant escape act by Bitcoin if it can manage this at any point today, attracting every bull still left in town back to the game and should be followed higher if we see this price action develop. But until then Bitcoin is effectively trapped at these lower levels and the downtrend remains in force - but it's not super- bearish here, just mildly so - and so we need to watch it here to see if it tries to break above the smallest parallel of the continuation pattern - if so can follow with stops below 9480. Otherwise we wait for lower values still.
BITSTAMP:BTCUSD
by sumastardon
10
WTI Uptrend Decisively Broken - Look to Sell the RallyWest Texas Intermediate WTI USOIL WTI fell exactly 50c short of the upside maximum target before topping out and falling below the the lower parallel, thereby flipping WTI from still positive to negative - on a dime. Since then it's fallen away seeking support from nearest structure to left - and found it at 58.14 - the top of the structure to left. It's been hit by a double whammy of rising DXY and falling major markets. Although it's hit support and can rally as high as 61.51 from here this decline is not done yet. Those big reds on exit of the parallel show powerful rejection now. Last week's price action has switched the game from buying dips to selling rallies once more. And if major markets begin to unravel and fall further from their lows of last week WTI and Brent will follow suit in sympathy. A fall below 58.10 on WTI should trigger further selling back to 55.90 at least and once this fails to 54.95, spiking as low as 53.84. The 50% retracement of the bull run lies at 54.32. Look to sell the early rally if we see one - and if not sell on break below 58 with stops above 59.10.
TVC:USOILShort
by sumastardon
Bitcoin BEARS still in control - How low will she go?Hello friends, Bitcoin didn’t waste any time confirming my previous analysis. Prices pushed pass $8400 and quickly rose, however the price action was no good and we quickly retested $8400. This does not come as a big surprise as we know the 1week candles still show massive bearish pressure on the market, as well as the confirmation of the longer term down trend line. The bulls did a good job, but as we can clearly see there is more work to be done. The support at $8000 is failing now and at $7800 we will see the newb traders selling their $8400+ bags at a loss on the way down. Remember that the trend is our friend and we will trade accordingly. I thought we had a nice diamond bottom forming and a good chance of a reversal. However my support zones didn’t hold and it shows that the bulls are in for another beating. Support is around $6000 for me on this drop, but I will keep some dry powder for the $4000 – $5000 zones, longer term speaking. Lets be patient and see what the market does. We have a massive bullish divergence on the longer term chart, which will cause a massive price surge to the moon side. This could be anytime from now till April by my best guess. Feel free to come and ask our advice on Discord . Safe trades.
BITFINEX:BTCUSDShort
by saintbitcoin
S&P 500 Index: SPX looks ready to rally back to highsS&P 500 Index SPX This chart shows an island reversal at the top, created by the first exhaustion gap atth etop of the chart, followed by a continuation or breakaway gap which led into yesterday's waterfall decline. we wer e looking for a decline to 2607 - the low was 2593, some 14 points out. Close but no cigar. As with the Dow this index has collapsed 10% (2584 is 10% off the top), within 9 points exactly. In 2 days. Fast, sharp two day declines are a sign of a strong market. Additionally, the S&P has touched long term dynamic support at the nadir and has left spikes off it. Can get long again on dips now looking for a retest of the highs. Stops below 2640 for smallish loss if wrong from here.
SP:SPXLong
by sumastardon
Bitcoin: BTCUSD Next Sunday Trading Buy and Sell PointsBitcoin Update Next Buy/Sell Points Coinbase Last Long Shot here but be ready to Reverse if signal is given 10:41 am GMT: Retest of neck line and OK whilst above 8700 - can buy dips back to 8720 with stops below 8700 on GDAX 10:48am GMT: Coming back now and still within the paralells - buy as low as possible to 8720 for small loss if wrong here...with stop under 8700 - but be ready to reverse short if 8700 gives way for 8300-8100 - with stop above 8750 10:50am GMT: The alternative is to wait until the little parallels controlling this downwave are broken on upside, not spiked, broken and then survives retest from above once broken. One higher risk, this one less so - 8720 now so small risk on stop. For further details please see top left of sumastardon page, above
COINBASE:BTCUSDLong
by sumastardon
Bitcoin: BTCUSD Trying to build base: Next buy and sell pointsBitcoin BTCUSD Next Buy and Sell Points The weekend rally ran out of impetus by Sunday night with no impetus still from far East. Since then Bitcoin has zig-zagged back down in a continuation pattern, finding support from just above fixed and dynamic support junction at 10772 on Bitstamp chart and bouncing back up to test the parallel above it before recoiling once more. Whilst this price action is therefore still providing a great space for day traders to trade within the parallels, it's not much help to swing traders as yet. But the near term double bottom and the dynamic support below price at 10772 has turned Bitcoin neutral in the very near term and given succour to the bulls for now, creating the little rally we've just seen. The bears are fighting back from 10987-11000 range and whilst they can hold price under here they remain in control still. Aggressive bears continue to sell from tests of the upper parallel and aggressive bulls buy from tests of support just above 10772, creating this stale-mate within this range for all but day traders right now. Next Buy and Sell set-ups for Swing/larger Trades: Bull case: Bitcoin is trying to base out here and 10772 is best place to do it from. If so it will bounce from 10875 first support and from 10772 at lowest now and then break above 10987-11000 and hold on any retest once broken above...that price action will flip Bitcoin back to positive and we can look to buy with stops below 10950/the parallel once broken. Bear Case: (beginning to lose it, especially if 10875 holds now) Bitcoin has to break below 10772 by 20 points or more to trigger a short back to 10547 initially, then to 10262 and then to 9912 in all likelhood.
BITSTAMP:BTCUSD
by sumastardon
3
Gold: XAUUSD Look for potential top this weekGold and the Dollar XAUUSD and DXY The dollar's decline is close to finishing. Likely to be one two spots outlined below - so this is likely also to be a big week for gold, oil, and across US pairs too. Look for buy set-ups on dollar pairs and sell set-ups on gold, silver, copper and oil... As DXY tries to climb and hold above a little dynamic that underpins price from the lows,so gold is held back by a similar dynamic resistance line from the highs on the chart to left. DXY is close to changing back to positive, either from here, at 88.44 or from 87.70 at lowest. This is likely to happen this week. It means that gold also is likely to reverse from current levels, or from one last burst higher from here at best. If it's to reverse here DXY will have to break and hold above 89.53 - in so doing it will have broken key fixed resistance and the upper parallel which has controlled the current down-wave from inception and so will flip the dollar back to positive and gold back to negative again. This should be reflected by gold falling below 1341, giving the first confirmation that the trend has changed back to negative in the near term and triggering a fall back to 1306 in all likelihood. However, if 88.44 fails to hold during the course of this week it will tip the dollar into what should be one final selling climax which should culminate at around 87.70 at the extreme before DXY finds support and begins to rally again. This will carry gold to 1375 and at an extreme to a 1389 high.Look to close out remaining gold longs here, and some will consider shorting if we see this price action develop later this week - rejection spikes appearing on the 1, 2 and 4 hour charts will tend to confirm that gold is changing trend (the longer the better if looking to short here) and a break below 1341 will further confirm, triggering a short back to 1306
FX:XAUUSD
by sumastardon
1
Bitcoin will probably keep going up from hereBased on the existing trend I think bitcoin has bottomed out and is heading higher soon, but maybe not at the same pace as previously during the run from 3k to 20k. The thick line is resistance now and was previously very hard to breach. The slope is positive though so there is no need to pass this resistance to keep going up. The FUD has been immense but bitcoin is not DEAD. After a dump like this I think price will go sideways to shake out impatient people. TLDR: The local bitcoin bubble has been popped (as many times before), and I think the price is already recovering.
BITFINEX:BTCUSDLong
by spelgubbe
Bitcoin: BTCUSD Reality BitesBitcoin Update Reality Bites This is the Coinbase chart of Bitcoin and right now probably the most reliable, but you might prefer Bitfinex or Bitstamp (next uploads for those 2). This chart shows the massive failure of the head and shoulders set-up with a tiny pin just violating the upper parallel before catastrophic failure - this chart was good and true - no false break, just a small pin of deadly intent from the high. This is my bad, certainly not the chart's. Not only was the call over-cocky/confident but it had no plan B attached. That is unforgiveable, a sackable offense. Yes, it's so easy to say now, but that failure was screaming get short on the break-down and now look at what that failure has done to Bitcoin since. Abject apologies. China's continued actions to curb Bitcoin trading is putting a dampener on liquidity - who would challenge that government unless a whale with an account a long way from China? Pretty much as soon as it went 'mainstream' it's been fighting off mainstream realities ever since. Reality bites. Hard. That massive pin bar of selling intent from under 12472 tells us how strong the downward pressure remains here. Bitcoin is unloved right now, but needs this flush out, sadly, of all those Jonny-come-latelys who arrived at the party way too late in the evening. Markets are cruel. Reality can be too. We have to follow the chart and not our hearts. You got the picture. In nearer term Bitcoin is trapped within the larger set of parallels shown on chart and trying to rally now from the long term dynamic that, on Coinbase chart only, has underpinned all declines so far at 9926 where longer and shorter term dynamics intersected last night...Bitcoin is not dead and buried whilst it can hold up here at 9930...and below here is the parallel at 9726 now which should halt the decline if the longer term dynamic fails ...but this lower parallel must hold up on all retests from here. failure to do so would be catastrophic for the bull case at any point, tipping Bitcoin further into the mire an signalling that test of 8300 that so many are willing Bitcoin to see before looking to buy. It's a speccy buy down here with a stop below the low at 99900 on Coinbase feed back to 10700 - but will need to break above here and hold to reach next upside target at 11330-11433. A move up/down though resistance/support line is likely to lead to a test of the next, though dynamics almost always weigh heavier than fixed lines of support/resistance. It's already rallied 500 oints as this is written and is now testing the underrside of resistance and likley to come off again...needs to break above 10730 here to be able to push on higher to next line in sand, as per chart. For those who like pattern spotting there have been three or four very good sell points off the Coinbase chart. Maybe 80% of the few people who read this will have Bull hats on, are inherent, full-on bulls. Only 10 to 20% will be bears. If one or the other we will miss 50% of all trading oppotunites, roughly. Who was looking for sell signals recently (after that RHS failure) ? No, because most of us are bulls we're only looking for positive signals. Try to be dispassionate about Bitcoin - that is not easy, being as we're humans. We're programmed to want to join the herd. A bison gets FOMO too, that's why he wants inside the herd and not out. Penguins too. But we are not penguins. We need to stop acting like one. Agreed? We need to be like doctors who will get sued for giving the wrong diagnosis, however bad that might be. The patient wants truth not platitudes. That's how we need to view Bitcoin. If we love it too much we cloud judgement and lose trade opportunities. So strive to be dispassionate. Or it will cost you roughly half of all opportunities. Look at the trail Bitcoin has left...get down off your horse and look...look how good those sells were on the breaks...how the first two break and then come back to retest the little dynamic
COINBASE:BTCUSD
by sumastardon
14