COINBASE:BTCUSD   Bitcoin / U.S. Dollar
First, I should note that this is my first idea after a long hiatus. It was very necessary and somewhat overdue but it's good to be back. Nothing like it. Panicked/Fat-fingering Mt. Gox trustees, Binance "Hack", and news of a Coinbase Index Fund to welcome me back into the crazy world that is Crypto.

COINBASE:BTCUSD             is doin' thangs. Bears seem to be in control at the moment and FUD is in the air. No use in calling DOOM though. This is the way of BTC             . It goes up, then down and sometimes we can make a buck or two as long as we don't get caught on the wrong side of things. I'm slowly easing into the TA; there are a lot of variables that have yet to settle

EWP: trying to figure out if its a truncated 5th wave .
Volume: often precedes price so that enormous sell volume is not reassuring for bullish scenarios.
Daily: price is testing 200SMA support on the daily.
Weekly: possibly bearish engulfing candle forming...

so I've tossed my ideas and details on the 4hr chart Check it out, share your thoughts and trade smart.

BTC has hit the first target of this possibly downtrend twice, forming a double bottom. This is likely what led to the FOMO that sent price shooting into the $9.7 - $9.9k range but former support at $9.6K has become new resistance and seller have driven BTC back down to its current support level of $9.2k. Though this support level is promising i would be wearing of opening longs in this ranging period as the strength of the selling seems to suggest there is more down to come. That combined with the possibility that this could also be a B Wave of the correction from $11.7K would suggest that optimal buying levels would be in the $8.7K to $7.6k range

BTC has hit the second target of this downtrend and bounce back for a resistance retest. Though the downtrend has shown no signs of being complete there are possible scalp opportunities appearing. Leveraged Longs and Shorts on Bitfinex are at ATH levels and a MA Cross on the 4HR would suggest there is more volatility to come. Over-leveraged Bulls or Bears, when forced to cover or close their positions will drive price in one direction with the same intensity as the rise to $20K. The question is which side will win? More info in the photo. Thanks for keeping up with the updates
There is no FUD. Dont be sheeple people. People Lost coins others mad major money Binance through api was compromised.

The FUD is a real deal. What do u think Bitmain, owners of bitconnect, or any other bad actors of exchanges not selling major BTC? They most def are.

FEAR bitmain,bitconnect, and other btc holders
UNCERTAIN about how many billion of usd they hold together
DOUBT Your holding and you will leave with some money. Dont look at"That could be me" IT CAN'T

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out