Get started

Bitcoin-price

Bitcoin BTC - Sentiment Change or Trap & Alt CoinsIt seems a change in sentiment might be initializing as we see a change from sharp jagged rises (circled black) it can be seen as positive or negative depending where your portfolio lies i guess. Time is Bitcoin's friend at the moment as it provides the ability for technical analysis to "catch up" and turn positive. The previous February rise I saw as more sustainable steady growth but at present TA adds alternate layer of support, which should become profit sell resistant as momentum grows along with price and volume, these terms seem to be too closely linked lately which needs to be watched closely as can change on dime. I would say the Tax Drop had priced in already and the rise in Alt coins after the date would be indicative of this. If we apply Fibonacci Retracement levels on the current price action showing aligned correction areas (dark horizontal lines) TA indicates the uptrend gaining momentum in which would naturally lead to larger volatility hence profit taking and larger losses, its all a matter of risk/time span of trade in this environment as seems pullback is inevitable but TA cant predict whale manipulation. Looking at supports within supports, the 4HR 50MA will act as support heading upwards but will only need loss of volume or profit taking to drop below and bring the 100EMA into play, this support has been difficult for BTC to stay above and usually needs large volume to onset the price drop. Below this we have the Weekly 50MA which has proved to be quite resilient in its bottom base level support, as it is moving away from the 200MA quite rapidly leading to the path of least resistance upwards and strengthening the chance the uptrend could use the Weekly 50MA as support before commencing. Bitfinex, seemed to initialise the price jump which isn't the most trusting of exchanges and ill leave it at that. I would see profit taking at points along downward trend line but this unpredictability means it is difficult to analyse whether these dramatic gains signify an upturn on previous spikes. Volume/price quickly weakened on previous attempts although this time volume is holding. Alt coins, first sign of alternate reversal is speculation, Verge (pornhub announced) Vechain (partnership with the world...they have a lot partnerships), Ripple should be announcing soon, which have been holding off and seem to think markets ready to absorb. Although the reversal wont be successful until it re-enters the green upward trend which investment know, and believe they will be the stepping stone to full reversal. Alternate Thought: Seems the Cryptocurrency Market isn't strong enough yet to withstand a Stock Market crash as Gold, Fiat maybe Bonds seem best bet in this scenario, I believe the market needs working product to become a safe commodities in these times and this would probably be Nano as they have pretty much finished what the intended purpose was, a simple digital currency with scalability or by the end of 2018 BTC as lighting network (Sigwit V0.16 needs to be market adopted first) bulletproof, increased awareness will all be released in Q4. BTC is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSDLong
by CerealTrader
Bitcoin BTC - Fate Decided In 24HRSJust a thought more then directional analysis: Using the Weekly to find support levels as below $6000 being untested for the short-mid term, The Weekly 200MA seems to be the strongest Moving Average support, as attempts to break have resulted in "short term" reversal with intended volume, this a positive sign showing traders are anticipating double bottom or slightly above as the trend line rises away from the downward channel, this does not mean Bull capitulation wont result in a lower low, e.g $6000 but we will see increased price action one way or another as this cross-over forces a direction. So where is BTC going to end up? Within the next 24hrs will go along way to determining the direction BTC will delicately tread over next few months (layers of resistance above, break in clouds at $11500) Black dotted line in above graph shows a path which leads to potential breakout from the downward channel hence the giant leap to confirming a reversal..............Yes I put it out there. 24HR volume > 7 Billion is needed to for the Green arrow to initiate however the longer BTC price maintains above Weekly 50MA and the Trend Line, the more prominent the gap becomes instilling this position. 4HR 50MA will become variable in this scenario later within the week (rise above or added pressure to force price lower, market conditions would most likely determine this) Convergence support of the Weekly 50MA and Trend Line will help but without volume increasing (would like to see 24Hr 8-9 Billion) and being that BTC has fallen below these supports previously, we are likely to see capitulation to lower support (W50MA/Trend Line/$6000) BTC 24HR Volume seems to be problem as lately its been limited at 7 Billion in moments of trend reversals, its possible $$$ have been waiting for trend reversal to mature before entering, this scenario would dramatically raise volume and add pressure for price reversal although I believe BTC may have to fend for itself to $11500. P.S Recent trading on Bitfenix show large bot action limiting price action while holding off tsunami of Sell Orders, would be interesting to know why? Is it, short BTC, which is risky as indicators have evolved yet, although low volume means price manipulation with least resistance downwards or a sign of net-longs appearing. Futures CBOE (14th April/CME 27th April) Looking for decrease in open Interest/Positions (previous post "Bitcoin - Analysed From Future's Traders View") in which CFTC statistics released tomorrow, could indicate short sellers are reluctant to enter market and net-longs have liquidated positions from $10000 - $12000 (margin requirement of 30 percent CME) which will slow/stop the downtrend. CerealTrader BTC is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSDLong
by CerealTrader
1
Bitcoin - Bear Flag 1HR Still A PossibilityWe wont know if we have a established bearish flag pattern on the 1HR until price breaks outside the lower flag channel. At that point, possible trades with stop losses above the upper flag will provide a low risk exit. Low volume, Fibonacci Level $8000, StochRSI Currently oversold @ 80, are aligning to force prices down although the RSI and MACD have room to play and may prolong the flag pattern hence breaking down the formation. BTC is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSDShort
by CerealTrader
Bitcoin bubbleWe all base our future expectations on past price action. But you forget one important thing. Bitcoin attracted some really smart people, professional high speed traders. These guy are mostly BEARS. It will be a way more balanced price from now on. And once the parabolic magic thing is gone, so are the average investors. Look at the google trends: "bitcoin price". Going lower as the bubble deflates. If these bears can take a break, smart money will start to pump it again, people will start talking again, price will go in a different market cycle. The greed will kick in again and go parabolic, then pop again as the bears start doing what they like.. . Please, stop watching those videos about prices going up to one million. This is the only way to bring new people inside. A get rich fast scheme. Good things never happen guys. The market is made to take money from you. At this point, you should in MY opinion be all cash, because its clear that only the traders are left in the market. The bears will soon start to eat each other then move to another market. As the volatility touches a stand still point, the big red capitulation candle, a really big one should mark the sought after bottom.
BITFINEX:BTCUSD
by SorinBlajan
Bitcoin - Golden Cross/Death Cross/Every-CrossTook both the 50MA/200MA & 100MA/200MA within 1hr, 4hr & Day time-spans. Assigning valves to each 50MA/100MA/200MA. Extremes such as DAY and 50MA/200MA cross-over indicate longer term views decreasing likelihood although registering a more powerful indicator in place as the 1hr & 4hr fluctuate positive/negative multiply times within the DAY cross-over time-span. Golden Cross - Yellow dashed arrow. Death Cross - Red dashed arrow. Green Line - Positive view including corrections on drops , dependent on volume. Black Line - Negative view only correcting on bottom. Blue Line - Little or no price action. This isn't seen as future direction, I have other graphs published for that but shows how busy the current market is with TA ( I could include Flags, H & S....) BTC 0.85% -2.62% is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSDShort
by CerealTrader
4
BTC Update 25 MAR. HUGE critical area.Imminent approach to $8400-$8470 is coming for bitcoin. After that, it will enter a critical area of huge proportions. Basically it can go anywhere from there. Personally, I WILL stay as far away from that area as I can. There are three major scenarios at play here: S1) GREEN ELLIOT WAVE It will reach 8470$ and bounce back up 'thus confirming the GREEN EllliotWave Must barely touch critical area no. 2) S1.1) OR it HITS $8600 area and bounces dwon again,'thus forming scenario S3) S2) YELLOW ELLIOT WAVE HUGE Second EW to be made. Can start anywhere in critical area no. 2. S3) RED ELLIOT WAVE This might just be another ABCDE correction, which is forming a descending triangle. Higher bounceback area might produce a ascending triangle, but it would be too messy to chart. Also might start in critical area no. 2) S4) ALL ELliot WAVES FAIL. (highly unlikely scenario). And we are returning to $7300 S5) Not everything fails and yellow EW bounces back at $7800 to make a nice 3rd WAVE. (but I doubt this one as much at S4 ) Critical Area No. 1 is where the fun starts. Either will stay in triangle trend, or it will break to form Elliot Wave. Make sure to follow me here, for more updates on this chart.
BITFINEX:BTCUSD
by reynar
RSI confirmation. New 60 day BTC cycle has begun! Target 28k!$12600 support has held and our new cycle has begun! Yay! Take a look at the chart. With the extended consolidation, it became necessary for me to update my targets. This extended consolidation allows me to also extend my target(s). Notice I have two now. So, what is going on here is that it seems we are in a wedge. Elliott Wave dictates an ABCDE touch and then break out. However, some of the time (I do not know what the statistic ratio is? Maybe a comment warrior could help me out here), we will not experience the last wave. This is why I have two orange arrows pointing out of the triangle. We have two possibilities: a) Hit the top of the triangle and break straight out or, b) After hitting the top, we go back down, bounce off of the bottom and then break out. Because of the downtrending resistance noted in the RSI chart, I expect the latter possibility to become more probable. However, as often is the case, Bitcoin could surprise me again and just shoot right through. Revised targets are: #1 - Just short of our last ATH. Take some off here. #2 - $28,000 or the beginning of March, whichever comes first. Why the beginning of March you asked? Check out the cycles again. Notice we are right on queue and headed up again. This means, we should have about 45 days of uptrend movement before we start heading down again for the last 15 days of the cycle and right into mid-March. Always keep this cycle in mind. BTC is pretty consistent with it. Happy trading friends!
BITSTAMP:BTCUSDLong
by stewdamus
4
Using $tandard Deviation With BitcoinOur EMA (the blue line) is a great support and resistance line for an uptrend or downtrend in price action. We can use this to our advantage. After a bit of studying the price action, I found that during down trending price action, if one of the red candles deviates from our EMA by around $1000, it is almost always likely to jump back to the EMA. I indicate this with the yellow arrows. I found this method to have even more validity if the red candle does not start off by touching the EMA. I've found that using smaller time frames for deciding where to jump in is helpful. How do you know if Bitcoin is in an up or down swing? See my previous idea:
COINBASE:BTCUSDShort
by Tgreenfi08
Status (SNT): Possible 140% return!Hi everyone, Price has broken out and retested previous resistance (Green zone). We now have a good breakout-setup, where the market can reach the D-leg of a (possible) AB=CD pattern. Most likely, there will be some profit taking at those levels, before the market moves to the 1.618-extension of the AB=CD-structure. We might see another drop to the Green-zone, before breaking out! Buy the breakout of the descending trendline. - Trade with care
SLong
by ThetaNomad
13
Bitcoin Heading North In The Beginning of The New yearBitcoin price printed a high of around $435.94 during the early hours of 2016. Despite the fact that the market’s bulls were successful in breaching the $431 level, which has been resisting advancement the past couple of days, price correction pulled the price down to a low of $427.17 a few hours after printing the day’s high. So, can we see bitcoin price rise to test the resistance around the 23.6% Fibonacci retracement level ($446.5) during the upcoming 24-48 hours? I detected a bullish reversal signal on the 1 hour BTCUSD charts from Bitstamp. Check it here:
BITSTAMP:BTCUSDLong
by tamersameeh77
Bitcoin Price and On Balance Volume (OBV)While it is well and good to create charts, monitor indicators and attempt to discern the direction of the Bitcoin price, it is easy to get buried in complexity and blinded by bias. That is why the On Balance Volume (OBV) is so valuable. You can read more about it by following the link below: www.investopedia.com Essentially OBV allows you to eliminate a lot of the noise from day to day volume movement and get a clear idea which direction it is headed in. Price and volume are highly correlated as you can see by looking at the chart. On the OBV, I have added a horizontal black line where OBV has clearly pivoted recently. OBV isn't going to help much in determining price so much as price momentum. Prices below the horizontal line tend to be lower (but aren't always) than the prices below the line. This is relative. For instance, you shouldn't apply this months back. You use it to look at more recent price action not to compare today to several months ago. You'll notice that OBV is below the horizontal line and has not moved dramatically lower. This helps explain the recent flat Bitcoin price. The OBV should also help - in conjunction with other patterns and indicators - when to buy or sell Bitcoin. For instance, it may not be a great time to go long Bitcoin since the direction of price isn't clear. Should the volume continue to decline, then price will likely decline with it.
BITSTAMP:BTCUSD
by TerryKinder
2