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inverted widening triangle, continuation of trend, read more-->as for right now indicators showing a very bullish signal on daily, rsi overbought rsi stoch bottom However this time its better not to folow these view indicators as sentiment is overruling in favor for the bears. regardless i think we are in a inverted widening triangle pattern, wich often leads to continuation of the trend, in this case downwards we found a bottom at D sitting at the price of 5860 & just hitting the longer term support of previous bottoms at this zone marked as green i am expecting bitcoin to move to 6.5k zone, 2 reason for that is daily rsi and stoch reset, it needs to get out of the oversold territory before going down more, 2 it would fit in the pattern we discussed above here. if this pattern finishes i do say we drop down more to the 5.3k zone were bitcoin can find some strong supports back from 2017, it also puts bitcoin back to a spot before the big parabolic move started, so im tempte to say that this is as low as we will get this year for bitcoin. if you like this idea please thumb up and follow me ;) much appreciated!
BITFINEX:BTCUSDShort
by NGenetics
30
Watch Out When Breaking $10,000Watch Out When Breaking $10,000 Since everyone expects a bull market as soon as we break the $10,000, I imagine the drop will come much sooner than expected. So I could very well imagine that the market is going to fool everyone like everytime. Therefore, you should take care very well. Again and again I read in the comments of 'Top Authors' that people will do the opposite of what they do. What is happening? It happens exactly the opposite. I do not want to talk bad to anyone, but many are very easily manipulated by the market. As a smart whale, you would do everything to be able to benefit yourself or right? That's why they do the opposite of what the crowd does and it works every time At the end, I would like to say that this idea might be wrong. You decide in the end about what you do. This should only be a warning. It may be right or wrong. The market decides what happens. Note: The red arrow only indicates the direction it could go if it's a fake out. As a result, there is no specific target, as we still do not know how far down it will go when this scenario is happening.
BITFINEX:BTCUSD
by EWHALE
16
CRITICAL POINT FOR BITCOIN-BULL CYCLE?Let's discuss about these extraordinarily identical patterns. I'm not really into making correlations to past events but it's clearly visible that we're experiencing a flashback to 2017. The first chart is as of now and on the second one you can see the correction on 2017 and how the bull cycle started on 2017-september. You may say; well, that doesn't mean it will happen the same way. But it did until now. Look at the highs and lows I mentioned on the chart and and even check what happened BETWEEN them. Do you see that even those parts between them match perfectly? Except their speed and strength. That's what changed now. We were all the same back then,what is changed is the strength of our emotions. Well, everything went perfectly with the previous chart-and according to it,we're in a position where everything could shift back to where it was, as it always did since the beginning. You must have noticed that even your favourite traders say they are confused and occasionally refuse to do short term trades, or just get wrong? Yeah, those big guys. That's the first time they are confused. Because the market is confused. Clearly seen by the obviously low volume and consolidation here and guess what, when you go on a telegram group and look at the conversations on 20-25'ish of September of 2017, you can see people saying how bitcoin will dip even further, how it's about to death cross and how btc is dead-just when btc started its bull run until we've seen 20k. If you noticed,this last wave is still the same as the last wave on the second chart(just a slower one),you can see as the lows of those two waves look alike. If the charts continue to act in the same way,we will probably start the bull cycle in days matter of time at max. But it might not be clearly visible until it forms up. We'll know when the price starts increasing steadily. Let's simplify this. The market doesn't have a switch with Bull and Bear buttons. Maybe thinking of it like a slow phone would help. Well,turning it off could be fast. But when you try to open it, it will take time to reset all the software and get it running. We might be that phone. Who isn't? We are completely off now(finally) which means we won't be volatile until someone turns us on, and somebody has to turn us on(literally). Once we have that push in maybe days,max for weeks time, we will slowly regain strength and recover.
BITFINEX:BTCUSDLong
by candlesticker7
3
We waiting, swimming in the lowlands before assault?We see a clear trend marked with black dotted lines. We can also notice that sometimes our chart drifts down (1), sometimes in the middle (2), sometimes at the top (3) between designated trend lines. I decided to look at this situation and calculated the time, as long the graph persists in designated areas. The calculations show, that the lowest trend (1) was for some 50 hours, on the middle (2): 75h, on the highest (3): 75h. To the full balance, we miss like a twenty four hours (information from 12 o'clock) of drifting in the lowlands in the current (1) trend... Well, I can say only: "May not! Faster, faster please !" Amongst all of this time, it was also over 24 hours above trend line, maybe it foretells a breakthrough of the current trend down by more than a day before we finally move up? Again... "I hope not" ;) Time will show us.
BITFINEX:BTCUSDShort
by seb8
BTC -WHEN TO BUY ALTCOINS?(2) PLEASE DON'T BUY ANY ALTCOINS NOW!Before this chart , I said : dont buy any altcoins until "confirmed" BTC/11400 or crosses BTC/12000. I hold full bitcoin , I hope you did not buy any altcoins. We witnessed that all altcoins had dumped. Now there is buy oppurtunity for altcoins if that happens: *If Bitcoin touches around 9000 *It bounces from there *Finally crosses 9500 *Then buy altcoins (only oversold ones you want buy before!!!) (Note: You can use this site to detect oversold coins>>>>> rsihunter.com ) These are the conditions to buy altcoins up to me. If Bitcoin does not fall to 9000 and goes up and crosses 10300, this chart must be cancelled and my first ''When to buy altcoins?" chart works again... Check it from my profile history.
BITSTAMP:BTCUSD
by bakguc
2