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BTCUSD - Difficult Price Correction (wave) 25/02/2020Hello friends! The dynamics of Bitcoin price behavior has complicated the correction model. In the current situation, it is worth working carefully. At the moment, it is worth taking a wait-and-see attitude and looking for an understandable model for the completion of the correctional movement. In our opinion, the price of Bitcoin with a high degree of probability may decrease up to 9000-8000. In the near future, the Bitcoin Halving event is expected, which could trigger the end of the correction and a sharp increase in the value of Bitcoin . We recommend looking for levels to buy below 8700, and levels to sell above 9800. Good luck to all!
BITSTAMP:BTCUSDShort
by UnknownUnicorn3511625
3
BTC Losing Strength Across Multiple Time Frames - Saturday Feb 8Hey guys, I hope you are all having a great Saturday! I was looking at BTC across several different time frames last night using a four screen method and noticed that the market is losing strength up to the 2 day time frame. Chart Time Frames: 1, 8, 21, 48 Hours Indicators Used (top to bottom per chart): MACD RSI Keltner Channel Quad short-term EMA (8, 13, 21, 55) Dual long-term EMA (200, 300) Indicator positions: RSI: Losing strength with a lower high signal line and higher high price action. This is seen across 1, 8, and 21 hour time frames. Waiting for confirmation on longer-term 21 hour time frame. Keltner Channel: Price is located at the TOP of the channel on the 1 hour time frame and ABOVE the channel on the 8, 21, and 48 hour time frames. MACD: Histogram decreasing on all time frames with signal lines above 0 (on the positive side). Trade Positions: I am looking for potential short positions as the market pushes against the current resistance levels. Look for things like the MACD histograms ticking towards the negative side with EMA break downs on the 1 hour time frame which could cascade into the longer-term time frames. I would also like to see the 21 hour RSI confirm the lack of strength in the market with a lower high with higher high price action. Happy trading! I am a simple market analyst - not a financial analyst fortis Fortuna adiuvat - fortune favors the brave Learn to trade: cliftrade.com
KRAKEN:BTCUSDShort
by jollygreen
6
BTC in 2020 (waves) 11.01.2019Hey to all! Bank of America Merrill Lynch recognised Bitcoin as the best investment asset for the last ten years and 2019. The dynamics of the Bitcoin exchange rate depends on the rhetoric of representatives of regulatory bodies and representatives of the authorities. There is positive news for the crypto industry that can strengthen the position of Bitcoin in 2020. For example, US Congressman Paul Gosar introduced a bill aimed at clarifying the regulation of cryptocurrencies. The law was called the "Cryptocurrency Act of 2020". It defines how US financial regulators should regulate the cryptocurrency industry. The bill divides crypto assets into three types: stock commodity, stock securities and cryptocurrencies. The bill proposes a “Federal Regulator” for each of the categories: Commodity Futures Trading Commission (CTFC) will regulate the first, the Securities and Exchange Commission (SEC) the second, and the Financial Crime Prevention Network (FinCEN) last. On December 20, Republican Warren Davidson, an Ohio congressman, and Democrat Darren Soto of Florida introduced in Congress "Token Taxonomy Act". If the bill enters into force, then cryptocurrencies will cease to be a phenomenon that the Securities and Exchange Commission (SEC) is entitled to regulate. The amount received for creating a block of Bitcoins is reduced by about half every four years. Until the end of November 2012, the reward for the found block was 50 Bitcoins. Over the nine years of the existence of Bitcoin, this figure dropped to 12.5 Bitcoins. A new Bitcoin halving will occur around May 17, 2020. After this event, the block reward will decrease from 12.5 BTC to 6.25 BTC. This reduction was initially laid down in the Bitcoin program code. It is assumed that a decrease in supply will lead to an increase in demand and, accordingly, the value of BTC. 2020 may be better than of 2019. The rally of bulls should be expected from February to June. Maybe by then, the regulators will approve new laws. In the seasonal cycles, the “bearish” phase falls from June to October. If in January the price remains to trade above $ 7,500, then by the end of the year, growth is expected above the high of $ 13,920. Good luck to all!
BITSTAMP:BTCUSDLong
by UnknownUnicorn3511625
11
BTC and Christmas holidays (waves) 27.12.2019Hello friends! The price updated local lows and formed a momentum in wave 1. We recommend considering conservative purchases from the support level at the price of 7000. Alternatively, the price may continue medium-term consolidation to form a larger correction model. In general, in 2020, our fund expects the end of longs correction of priceies in the cryptocurrency market and the start of bull rallies for many cryptocurrency assets. In high-level financial circles, information about impending risks for the stock market begins to slip. If the information is confirmed by price reductions, then we can expect an increase in the demand for cryptocurrency assets, which can trigger a good increase in the capitalization of the entire industry. We wish everyone in the new year an increase in the value of investment portfolios and the fulfillment of your most cherished desires! Good luck to everyone in the new year!
BITSTAMP:BTCUSDLong
by UnknownUnicorn3511625
4
Good opportunity to buy BTC today (waves) 16.12.2019Hello, friends. We are pleased to announce that there has been a shift in the volume of limit orders, and also a graphical wedge model has begun to form. The fundamental nature indicates a complete decrease in demand for the purchase, which may open up a sharp prospect of price increases. We advise you to look for a purchase at the level of 7000-6900, and also to buy at a local correction after the price leaves the "wedge" model. Good luck in trading!
BITSTAMP:BTCUSDLong
by UnknownUnicorn3511625
9
BTC 2019-12-09 Triangle: Bullish Reversal or Contracting?Hi guys, Today presents an interesting situation with the triangle that is forming. Granted, there have been large volume spikes and market volatility which makes the actual ABDCE count hard, but I think it is still there. The two primary options are either be a bullish reversal triangle triggering a movement upwards or a contracting triangle with a large move downwards. I am leading towards the downward direction at this time with a short position active. Be careful to manage positions well if you are playing this market. Anything can happen with a push in either direction. Which triangle do you think it is or is it even a triangle? Is something else is forming? Let me know in the comments! Time Frames With Indicators: 1-2 hour: RSI is stuck in the middle range. STOCH is showing bullish signs with price action. MACD was riding above the histogram for sometime and has room to move down. 4-12 hour: Bearish signs are there noting recent lack of volumes, price action, and strength because of the recent downturn and lack of movement last night. I am a simple market analyst - not a financial analyst fortis Fortuna adiuvat - fortune favors the brave
BITSTAMP:BTCUSDShort
by jollygreen
A difficult situation. BTC price overview (waves) 03.12.2019Hello friends. The situation is somewhat difficult to understand for an ordinary investor and trader. It is very likely that the price will test the level of 7000, after which the beginning of the price up correction. The main zone of high demand for both the buyer and the seller is in the price range 7300-7500. Fixation above the specified range will trigger a sharp growth impulse. Fixing the price below the specified range will send a quote to the level of 6000, possibly lower. Be careful in your actions and good luck!
BITSTAMP:BTCUSDShort
by UnknownUnicorn3511625
4