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Xbteur

Bitcoin and the CrytoMarkets. Pivot Points and Market DirectionAfter weeks of continuous indecision and rolling between bullish and bearish perspectives over and over, the time has come for a decision point to be made within the crypto markets. The direction the market takes this week will influence the current year. I am still very undecided over where this is heading.\u2028\u2028The chart is self-explanatory wether the current downtrend will be over or not considering the breakout of the pivot line (orange). If the pivot line is not broken, I expect a downfall of the market to levels close to 4300 USD and the creation of a similar Harmonic Pattern as the one shown in the graph. If it does manage to break up, I expect price to reach the first target around 13900 USD. Second target around 16500.
BITSTAMP:BTCUSD
by CoinMajesty
12
What happened on Kraken on January 13th?As a complete beginner, am starting to try to find my way among exchanges, charts, TA, and other stuffs. I would like to understand what happened on Kraken the 13th of January, 2018, with XBT (BTC). On the daily XBTEUR chart, we can notice an insane candle jumping up to 20k EUR. Seems there is a high high shadow on the XBTUSD that day too. Volume doesn't look crazy that day. Would some be able to explain me what would that mean? Any mistake from a retail trader, like mistyping, or something like that?
by cblab
8
Will BTCUSD see 20K again!?!?!For now it seems the trend is ascending but after the breakout bulls stopped to buy for a while and so an inside bar pattern formed that shows us there is a consolidation in lower time frame is happening. Also it tells us still nobody won the battle between bulls and bears but we can find it out if the price close above or under the high or low of the mother candle. I believe that bulls might win the battle and the ascending trend will continue but if you wanna enter the market the best entry would be above the mother candle and stop loss would be around the lower of it.
BITSTAMP:BTCUSDLong
by Apeioum
BTC Diamonds are Back!Once again have a near to perfect setup for an ABCD pattern! Therefore, IF 12,900 is truly the bottom of this leg, we should see a leg up to 15,000-15,500 none the less. IF BTC fails to break past 15,500 there is a very good chance BTC could turn into a 3 drive pattern. This could take us down into the 12,000 range before finding possible support. One thing to consider is that BTC Futures is just around the corner. Making this market very unpredictable especially at these record highs. We have been very blessed this last month, but every once in a while we come back in touch with reality. Winter is coming, the only question is when. I wish you all luck & please trade carefully! DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
by oh92
1