BTCUSDC trade ideas
BTCUSDC PENNANT FORMATIONAfter last nights scare, we seem to be holding the bottom line of the pennant at the moment. Check the volume for the next possible move.
~LK
BTCUSDC Head and Shoulders - 1hr Chart Is this a Head and Shoulders forming on the hourly? Would love to know your thoughts.
Bitcoin Oversold, The King will RISEToo many bullish fundamentals going on looking forward. Institutional investors are putting skin in the game soon.
John McAfee gave a prediction of Bitcoin reaching $1 mil by the end of 2020!!!
Just my opinion :)
BTCUSD Signal Our recommendation for Bitcoin is to sell for several reasons:
1.As you can see in the chart above, the price is below the Ichimoku cloud that means we're in a downtrend and it's better to trade with the trend
2.We see very interesting support that has been supported twice in the past and has survived So we believe the price will want to go and test this support (3120-3200)
Sell Bitcoin: 3432
Stop Loss: 3550
Take profit: 3200
BTC - The State of our BTC - UNION [SOBTCU)I am seeing a lot of people making calls on BTC based on useful TA and insightful written analysis. But to keep it simple let's take a simple look at this complex price action. If you follow me you know I use a dotted Orange Trendline as the Primary Trend. Once the Primary Trend is broken I use it as a reference for support and resistance as seen in the chart. I made the supporting trendlines. So let's see what's going on:
My fellow crypto-Trader's this is the State of our Crypto-Union. It appears from the chart that the following is obvious:
1) The price action is using the Primary Trendline as resistance.
2) BTC is trading in the lower in the lower triangle using an artificial trendline as support to demonstrate a potential volatility squeeze (presumed).
3) As I type this the BTCUSDSHORTS are rising.
4) On January 22, 2019, the price was squeezed down to $3433 to flush out the long positions (classic big money manipulation to drive the price lower).
5) On January 27, 2019, another attempt is made to drive price lower driving out the new long positions (still trying to drive the price lower).
6) on both squeeze's the price recovers to about $3533.00 or within $3.00 of each other. This demonstrates buyers still willing to take positions near $3400.00.
So WTF? BTC shorts rising; BTC using the primary trend as resistance and volume is drying up -- all seems BEARISH! BUT, LOOK AT THE YELLOW RECTANGLE? We are trading in a $220 dollar range and just below the mean of the rectangle. So, is this BEARISH? It appears BTC is range trading with a slight bearish short-term trend. If the artificial trendline holds as the support, we could see a VOL squeeze with a Bearish move.
I am an innocent bystander watching how this turns out because a major move will no doubt ripple through the other major crypto's. I would not even consider taking a position, Long or Short. If anything, look to the trendlines to enter Long or short position strategies. CYA ( Cover Your A$$) this may be a wild ride. I still have a price prediction of 3k by February if you want to know what I am thinking. I would look to LTC and XRP for some excitement... ETH is showing some crazy vol moves as they try to drive the price action lower.
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Best,
Biff
Bitcoin falling to $3250 again!Bitcoin falling. There is no actual volume that is needed, and last "Lightning network" news faded. There is no news, or reason why it should go up.
It will go down to $3250 and if it falls down, it will go under $2800, but it probably go up from $3250, and we expect Lighting to make more exciting news (In middle of January), and people maybe actually start to use it, and then we can expect real "price jump". Until very good news, there is no good reason for BTC to go up.
BTC back at it again AYE CARUMBA GET READY FOR THEM NUTSAccurate prediction so far twice in a row no clue what im doing follow for autistic number jokes!
BTC ON TRENDBTC is at a crucial point in this cycle. ABC or Extension.
An extension into a new cycle would be very bullish.
Sitting right on the trend now the next 6 hour candle is crucial.
Dont be fooled by a bounce back to $4100 as. we may be in. an ABC.
Not a time to buy yet. We need more confirmation of what is going on here.
Hope you caught that wick.....Hope you got luck and caught that wick at the bottom... Def some type of manipulation...
BTC meets support of the Gann Fan... Will it hold?Wanted to highlight a support that some may not see. Drawn from the thus far bottom, these are the Gann Fan lines for bitcoin. There are many touches within all of the lines, so I think it is very reliable... Further, I can not interpret the price movement as bullish at this time, as the action should be above the 1/1, not below, and not only below, but testing final support. Not good for bitcoin if it does not hold.
Of course, you could draw the 1/1 line at 2/1 and have another support level from this angle. Hope the perspective helps in your setups.
Travis
JMJ - UIOGD
