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Bitcoin will make a decision soon, Dont Pick your side yetSo as we clearly seen the bull divergence executed with a over extended great rally, however the rejection at top of the channel clearly failed to break. Bitcoin can Clear over head resistance and go to for new highs Or gets rejected here heavily and that will send btc trembling down with the best case as range if btc clear overhead its a good long, if btc confirm rejection here its a great short down I will personally wait for confirmation of either side before picking my side longer term, for now enjoy the great bull rally and lock your profits if you haven't already
by UnknownUnicorn2012266
2
BTC Possible TargetsAs you can see in the chart, bitcoin is clearly moving in a downward channel so possibly it can breakout to upper trend line 8700+ and then came down or can also keep sliding with the lower trendline. There's a long term gap awaiting to be filled at 7400 (good entry point for short term) and btc has to touch that level no matter it goes up for short term or slide. Than 6000-6500 is a very very strong support level which has the ability to change the whole bearish trend. If that level broke than definitely the next support or gap is awaiting at 5500 which can push prices up. This whole process gonna be very lengthy and trend reversal can happens somewhere around next year. But at the end Bitcoin is a dream for people like me poor and middle class, and it's toy for rich people to make money and manipulate market. Big whales can't understand how much it is valuable for us and what does bitcoin means to a middle class person. For them it's just bag of money but for us it's bag of our dreams which we want to carry on our backs for our children future no matter what does it cost us to carry the bag. We will not give up on it because except that there's no hope. It can be a source to buy lambo but it can also be a source for our children's doctor degree, engineering degree. It's the hope for a better future... better future for us for our family and kids. It'll not die and we should not stop believing as I was reading someone's idea and a very beautiful line he wrote "World has enough for everyone's need but not enough for everyone's greed. So don't be greedy for bitcoin you'll get only what you deserve so don't rush for more and invest only according to your dreams. I know it's personal but I want to share something, My son's 1st birthday is coming in Nov, and I bought a physical btc coin to gift him. I know it's too early but I want to give him hope and want him to save till it's 18th birthday and the most interesting fact is I've no investment in bitcoin none of other thing because of my financial situation but as I said I'll never give up it's the question of my son future and bitcoin is the only answer. Thanks for reading :)
BITSTAMP:BTCUSDShort
by Umarzia
9
After all is BTC break triangle???!!!I think BTC have been performing a symmetrical triangle. this triangle consists of 120 candles, so 90 bar needed to break one of those trends. A break of the downtrend is very strong. if it happen, can go up to 12k and then pullback to about 10k and under it and then rise to about 16k. if it breaks the 9k support, can fall to 7500 or even 6000. what is clear is that we should hold and see what happens in next days...in fundamentals because of BTC is safe assets for people (like GOLD), then in Wednesday if federal reserve decide to reduce Funds rate then BTC can go up, of course if FOMC chairman Powell don't any other decides!!!... so let's wait and see what happens in next days...
COINBASE:BTCUSD
by Zeotrix
Bitcoin Update#17 - Everything is hard before it is easy.Hi, today we are going to talk about Bitcoin and its current landscape. Like we previously saw on Gann, as we have vehemently affirmed for some time now, the importance of this level as former support (broke) now as a vital resistance for the price. Since the price already tested this former support, like rules the Universal price action law. Above we have possible zones where the bulls could set up a defense We observe the breakout of an Uptrend Line that if confirmed, could trigger a Bearish attack and for a consequence, the price could go to the Bullish defense at the supports bellow. Thank you for reading and leave your comments if you like.
Short
by Igor-Silva
8
Bitcoin and Bull NewsIn the market bullish news only publish here is one of them: Bullish news: Media: Bitcoin-ETF VanEck and SolidX will launch in a limited format without an SEC solution. According to WSJ, the launch of ETFs from VanEck and SolidX may take place on Thursday, in accordance with SEC 144A. According to him, securities will be available only to institutions. At the same time, there is no need to obtain regulatory approval. Retail investors will be waiting for the SEC decision. #ETF #Bitcoin
BITMEX:BTCUSD.PShort
by IgorPorokh
4
The Bitcoin Chart They Don't Want You To SeeAre we going to see a similar move like this after a big wick taking out both longs and shorts? I was going through my analysis and we broke down as predicted in my last two updates and we are getting very close to the 'secret bitcoin buy zone' on the weekly 21 EMA with our RSI resetting to our bull market support. If you haven't seen my 'secret chart' yet, head here to check it out. We're getting close to the bounce zone. I also gave a lot of reasons for confluence on my more in depth analysis here: I see, once again, traders calling for low $7000's and potentially even lower. I am not convinced we are out of the bull market yet as we haven't even had our 21 EMA retest that we've had on every single uptrend we've seen before and we are still far above the 200MA on the daily. This was just a fun analysis (I don't typically take fractals too serious) as I saw some eerie similarities in the market structure from last week that lined up perfectly with my $9100 buy zone. I like to post my thoughts for you guys anyway, whether they are right or wrong. It'll be pretty cool if it does play out the way I want it to though! :) Remember, if you're trading on a spot exchange like coinbase or binance, they are running about $20 more than leverage exchanges. So, make sure you calculate this. The only question is now, will it line up for the #6 part where it bounces hard off of that lower support zone that it has touched multiple times. It **IS** possible that we go to $8500 as there are a lot of things that give us confluence there like the CME futures gap, the 50% fibonacci zone and several other things. I guess we will have to wait and see if this plays out. As always, make sure you are managing your risk appropriately and let me know what you guys think in the comments. Here are some key levels I'm watching for. KEY LEVELS WE ARE WATCHING FOR: SUPPORT = Support Zone - $9333 - 9078 21 WEMA - $8968 CME Gap and 50% fibonacci zone - $8450 RESISTANCE = 100 DMA - $10,047 – Broke on 8th attempt Channel - $10,344 – BROKE and Trading BELOW Local Downside Trend - $10,152 9 DEMA - $10,047 20 DMA - $10,429 50 DMA - $10,510 Swing Fail Trendline - $11,064 Weekly Resistance Zone - $11,382 - $11,532 Thanks for reading guys! Love all the support and comments. Let's go make some money together.
BITMEX:BTCUSD.P
by jacobcanfield
126
WHAT DO A MEGALODON IN BITCOIN IS DOING RIGHT NOW?!!Welcome back everybody, Our first target at $10654 has been hit, bringing us 12.54% profits. Our second target at $10900.has been hit, bringing us 15.69% profits. Next supply zone is around $10363. If we can break above $11,100 - I can see a really volatile move towards the $12,137. Thanks for the support Megalodons. I appreciate you all! Let me know what you think about Bitcoin :) HAVE YOU SEEN THE BACKTESTING RESULTS ON THIS INDICATOR YET? IT IS 98.75% PROFITABLE ~Bo Megalodon Trading Enlightening the modern investors
BITSTAMP:BTCUSD
by MegalodonTrading
5
Trading Bitcoin in a Parabolic Curve - Possible $30,000 TopFirst off, I'd like to shout out a fellow trading view analyst @filbfilb who predicted with high accuracy a $20,000 top and a regression to the mean of $3,000 in December of 2017 by using a similar style chart of analyzing a parabolic curve on Bitcoin. I'm taking his concept and applying it to the current trend and 2019. There are so many macroeconomic events that are creating a bullish vaccum for Bitcoin right now: - Weakening world fiat currencies - Trade tensions - Federal Reserve Interest Rates - S&P500 looking toppy. - Economic sanctions. - Yield curves on bonds moving upwards. From the parabolic chart, it appears that we are currently breaking out of the Base 3, which is one of the fastest acceleration points for an asset. In 2017, we saw multiple 40% corrections in Bitcoin during its ascent to $20,000, but for 2019, we haven't had a single correction over 30% so far. This can be attributed to a lot of reasons, but a parabolic trend is where there are no sellers left as price rises due to supply/demand and it creates a vacuum where there is only buying pressure. You will see slight profit taking at different levels as each person/institution will have a set target range for them to exit an asset, but new buyers will typically step in. Based on Google trends, there is barely an uptick in retail interest so far, which means that this is being driven by institutional interest and not so much retail. I derived $30,000 top from my Fibonacci levels that I created over a year ago, which lines up with the 29.034 Canfield Fibonacci level. I had previously been anticipating a cycle high at the 46.979 fibonacci level at $52,000, which may be the cycle top. So to be clear, I am not claiming that $30,000 will be the cycle top for now, but will be a strong resistance level where we should see some strong profit taking and a potential parabolic break to the downside towards the .618 fibonacci retracement level around $13,500. If you don't remember those fibonacci zones, I derived them from the following equations beyond the 4.23 to track long term assets in an uptrend. • 6.854 = Any number in the sequence / 3rd number prior in the sequence • 11.090 = 1.6185 = Any Number / 4th number prior in the sequence • 17.944 = 1.6186 = Any Number / 5th number prior in in the sequence • 29.034 = 1.6187 = Any number /6th number prior in the sequence • 46.979 = 1.6188 = Any number / 7th number prior in the sequence • 76.013 = 1.6189 = Any number / 8th number prior in the sequence • 122.992 = 1.61810 = Any number / 9th 2.88% number prior in the sequence. This also coincides with an intermediate cycle top that corresponds to Positive Crypto's golden ratio multilpier as well that Crypto Hamster took and made into an indicator on Trading View (just search Golden Multipler) Strategy: Ideally, you stay in a long position until the trend breaks and if you are looking to short, I would do it with 1X at the resistance levels outlined above to create a 'synthetic cash' position to hedge yourself with a stop loss above each resistance point. RESISTANCE ZONES: $16,800 and $28000-$30000. Let me know what you think of my work and if you want to support me, give this idea a like and leave a comment below. Thanks!
BITSTAMP:BTCUSDLong
by jacobcanfield
96