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Bitcoin-price

Some considerations on my bitcoin model indicatorIf you want to see this chart use the ticker BNC:BLX, weekly timeframe and apply to the chart my last updated indicator "My Bitcoin Price Model v1.0". As i said in my previous published idea i've found that bitcoin follows 2 gaussian PDF ( probability density function ) mixed togheter or GMM (gaussian mixture model). In this chart you can see the first one which characterizes bitcoin when big whales or manipulators aren't inflating the price. Bitcoin price follows the centerline of the PDF never exceeding the upper/lower third deviation line as it should be when there is strong homogeneity in market participants ability to move the market . This is what i think at the moment, the price right now is above the 1st PDF third positive deviation line so i've to conclude that big hands are sustaining the prices after initially moved the quote from the fair price up to the mainline of the 2nd PDF (turn it on from indicator settings and look by yourself). BTW there is not much difference from the 2nd PDF price levels and the overall GMM model (look by yourself turning on both PDF levels). Here you can see a pic of the 1st PDF plotted on the chart: btctrading.files.wordpress.com If you want to better understand what I'm saying I strongly recommend you to take some time to learn Gaussian probability functions on wikipedia. Ask me anything here or on Twitter! Softwware used is Stastistica v12 (2014) from StatSoft.
BNC:BLXLong
by UnknownUnicorn30297
2
Bitcoin Price Model v1.0 updated lines (read carefully below)Analyzing the difference between the Bitcoin price and my FairPriceLine (a price regression of the most important bitcoin bottoms) , I found that the distribution of the price follows two probability distributions (i used the GMM or GAUSSIAN MIXTURE MODEL), one when the market is calm with very low levels of price deviations and the other distribution when the market tends to be overvalued with larger price movements. I ditched the previous attempt using Johnson SB distribution function. For now, you can only see the COMBINED distribution of the two along with 3 levels of price deviations, 3 above and 3 below the central average of the distribution. You can however, by acting in the indicator settings, turn off these levels and put back the previous ones (FairPriceLine, Midline and TopLine) . The 1st negative price deviation is almost identical to my FairPriceLine, the second and third negative price deviation has never been tested by this market that is fundamentally bullish. The Mean Line is similar to the previous MidLine that has been obtained doing a price regression of all bitcoin historical data since July 2010. The TopLine just moves between the third positive deviation line and the second one. Next step is to add the possibility to plot each DISTRIBUTION PRICE DEVIATION LEVELS individually and evaluate them.
BNC:BLXLong
by UnknownUnicorn30297
3
what are U think?!?!Bitcoin started a good day, but what's wrong with it now? Bitcoin now has a pattern of two peaks in a one-hour time frame with a broken neckline. If the price of a candlestick is below the roundabout, it may be possible to reach the price 10200$ But if the price goes up, one can hope that the price will continue to grow and reach that price 10440$ But on the other side there is a negative divergence between the price chart and the RSI which warns of a fall in price. Whats your idea?!
by puyaiiii
Bitcoin Achieves the Mark of $12k, the value Can further AccelerThe value is Bitcoin is getting back on track again these days after the bearish correction of the previous month. The value of Bitcoin is showing strong bullish momentum in the market and today a few hours ago the value of Bitcoin reach around the value of $12,000. Some of the experts and crypto investors are thinking that this sudden increase in the value of Bitcoin is due to the economic feud between the United States and China. Still, some of the analysts and analyst Josh Rager is expecting that currency can again experience correction and value might fell back. Today, the value of the Bitcoin was trading at the value of the $12,273.82 at 15:44 UTC, the market capitalization of the currency is $219,220,416,159 and the 24-hour volume of the currency is $22,993,616,607. But, Rager was right and the value of currency drop again and now at the time of writing the currency is trading at the value of $11,639.66 at 18:30 UTC, the market capitalization of the Bitcoin is $207,896,907,378 and the 24-hour volume of the currency is $23,564,681,811. Rager stated, “I do believe BTC needs to have slight pullback sometime.” Some of the experts or analysts were still thinking that the bulls have taken over the Bitcoin and the value of Bitcoin will achieve an increase of $13,880. But, Rager also explains this in his tweet, “Bitcoin is clear skies on the weekly and monthly chart. Not much stands in the way of previous $13,880.” Still, when the value of the currency was around $12k the bitcoin experienced the high of value around 4-5% and the bitcoin dominance is continuously rose around the level of 68.5%. The last time the dominance of bitcoin was high in 2017. On the other hand, the global stock market experienced a setback and Dow Jones suffered the loss of 1,000 points in Monday’s session of trading. This happens following China’s action at Donald Trump’s threats regarding trade war with China. China itself allows it Yuan currency to decrease around the important $7 level and this followed an enormous capital flow out of the currency of China. The experts think that some of the Chinese currency flowed into the cryptocurrency Bitcoin is the previous 24 hours. The CEO of Circle, Jeremy Allaire encourages the virtual currency bitcoin for being the global macro uncertainty. He stated, “Humanity has now created a non-sovereign, highly secure mechanism to store value that can exist anywhere that the internet exists. It’s uncensorable, it’s unseizable.” News Source: TheCoinRepublic
COINBASE:BTCUSD
by TheCoinRepublic
Bitcoin key levels - is bottom in?Just a short explanation since lot of things are said with trend lines . With this higher low BTC broke the trend of lower lows. It enables us to create upward channel using previous price levels. If we add fibs channel into this, confluence of trend lines and fibs channel marks key levels bitcoin has to break. I'm expecting 200-400$ dips at each key level btc comes to for the first time since trend of lower lows ended. 4H close below lower green trend line would invalidate this theory. Buy the dips if not invalidated, good luck !
BITMEX:BTCUSD.PLong
by UnknownUnicorn4750354
Bitcoin Price Prediction Of The YearWhen I'm falling down Will you pick me up again? When I'm too far gone Dead in the eyes of my friends Will you take me out of here? When I'm staring down the barrel When I'm blinded by the lights When I can not see your face Take me out of here Take me out of here Take me out of here Take me out of here All I believe and all I've known Are being taken from me back at home Yeah do your worst, when worlds collide Let their fear collapse, bring no surprise Take me out of here Feed the fire Break your vision Throw your fists up Come on with me Feed the fire Break your vision Throw your fists up Come on with me Feed the fire Break your vision Throw your fists up Come on with me Feed the fire Break your vision Throw your fists up Come on with me Just stay where you are Let…
BITMEX:BTCUSD.P
by UnknownUnicorn4362262
Bitcoin Key Support Levels IdentifiedBitcoin has had some decently sized upward movement in the last week. Here are some key support areas to look for a buy at. The main support area currently being tested is the price of 8800 - 8900. If that breaks then we will like see a retest of 8200 and then 7500 (if 8200 breaks). These are some good levels for new money to get invested in for mid term trades. Beware of a correction to below 7500 though, this would bring us to levels of 6000+ most likely. Also, the uptrend presented might be a very good spot to take a long, especially if the price hits it when the line is at a level of 8800 (level of support). Thanks for reading! Please donate if you like what I do! :) bitcoin: 1NTkRex1gE2iJ63sFQHNpFYkBoeZ3w69FZ bitcoin-cash: 1GYPijuWfRYtaWmFbPsFjWsozEP3ZXaheq ethereum: 0x56E49FB49221623C8FC7BE27C49E6d7Ff8d02c70 burstcoin: BURST-S9HQ-84BX-CXX8-4RKBC
COINBASE:BTCUSD
by stupendelious
BTC movement-Closer to a pullack than testing 9600$ #btc #btcusdHello guys I hope you had a great weekend, Let's see the latest price movement of btc and what assumption we can make from it. The triangle that is formed in the daily chart shows us that the price of btc appear signs of exhaustion. After the big green candles price is moving more parallel to the lower line than testing the upper line of the triangle. In fact we can observe five pretty big breaking points of the lower line, signs of the exhaustion I wrote above. Its fair to say we can anticipate an even bigger breakdown of the lower line after the continuous testing of it, which can lead initially to a retesting of 8000$. Let's observe our assumption both with a short term fibonacci retracement and a long term one. The short term fib retracement formed from the latest big price movement (9090-7975$) shows in the beginning a bullish rebound of the price, managing to cross the 50% fib - 8534$ and almost touching the 78,6% fib - 8854$ where it got rejected though yesterday. At the latest price movement on the other hand we see a bearish posture forming and the price gets a pullback under 50% fib 8534$ and even momentarily crossing the 38,2% fib 8402$. If this bearish posture continuous and if it clearly breaks 38.2% next pullbacks targets are at 23,6% fib - 8239$ and at the lowest recent price of 8000$. As far as it concerns the long term fibonacci forming between the ATH and the lowest price after 2017, we can see that the 38.2% fib is at 9575$ where price seems to have big difficulty to reach and at the same time showing us that a retest of 23,6% fib at 7137% maybe is more possible and even more healthier in order to gain momentum before it moves back to break 9536$ or higher. At this point I have to say that IMO a even bigger retrace won't be a bad sign but a healthy sign for the price to gain more strength and confidence for the big movement connected to the time line of the halvening and the price involvement to this event. Let's see how it goes from here and update our thoughts in a later time.
COINBASE:BTCUSD
by CryptoHora
Bitcoin - Distribution or Re-accumulation?Hi traders, I hope all is going well with everyone. Bitcoin is currently in a trading range (sideways trading) for the past 10 days - trading between $8200 ( supply zone ) and $7050( demand zone ). I can see some major signs of weakness that Bitcoin price is showing. For example, the major rally from $7200 to $8100 with volume strength but prices failed to make any new highs and bitcoin, therefore, fell to $7400. Current support is at $7450 (marked in green) For now, it is fair to say that bitcoin will correct to $7700 . Again, we need more volume and price action data to confirm if this is a distribution or re-accumulation. Best of luck and have a great weekend: )! - Abdulla
BITFINEX:BTCUSD
by abdullatrader
8
Humpty Dumpty sat on a wall ! BITCOINRight now we are sitting on a very intresting turn. RSI (4h) is very bullish atleast short term and the pattern formed is straight Bear. Right now it very hard to pridict what is going to happen. In my opinion even if we have a drop it must not drop 3100-3200, as 4h RSI will break the chart in hat case. lolx. But intrestingly daily RSI has a lot of space for drop aleast till 2800-2900. So right now we will expect a small drop may be till 3450 and than a small bounce with highly sensitive RSI in upwards direction (a hobbit level Bull rally) and than eventually a fall below 3000 in next 2 weeks but there is no sign of a bull rally in forseeable future. Best of Luck! . Like it ? than Like it! :)
BITFINEX:BTCUSD
by Crypto_Leverage