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Btctusd

Levels you need to watch on BitcoinWith the S&P now potentially rolling over, that represents a risk-off environment for the time being. At the same time, Bitcoin is now at resistance on a long term basis (pay attention to the arrows). For long term investors, getting long in the blue circle is the entry range to keep an eye on. The most ideal scenario bulls could see is price being rejected here and consolidating for about 3-6 months around the blue zone. That would provide the energy needed for a strong run to the upside. I am paying close attention to this relationship below. While I'm treating Bitcoin independently, I still want to have my eye on how price reacts to overall market conditions.
BNC:BLX
by Lanmar
BTC (Y20.P1.E10.v2).What's NextHi, continuing on from the previous post, I'm looking for some confluence to go long with the identified\ outlined key support, resistance and trend lines. I thought I use the Harmonics toolset to explore (Gartley, Crab, Bat, Butterfly and Shark) for a scenario with what we have been given on the charts. Obviously some assumption are made here, eg. we have hit the top in this run and now we are looking for a good area to bounce and also consolidate for the short and to go long. I also find this helpful to back up my lines. Using the BAT bullish model, I have come up with this scenario. Give or take a few candlestick wicks we might fit one of the harmonics into the lines I had in the previous post. I didn't envision in the previous post how we could touch the bottom trend line without going bearish, so this explains it well I think. Anyway, I thought I put it out there as it helped me, and it might help you. In 2012, 2017 and now, the bottom has always been found around Dec - Jan, so it give me no surprise after doing this chart that I also can potentially get the time scales right. On this chart I have the next bottom by the end of this month (Jan. or early Feb) Thanks. Please don't forget to give me a tick\like, as I would appreciate it. Regards, S.Sari /CryptoProspa
Long
by ssari
BITCOIN LOOKING FOR NEW LOCAL LOWSHello friends! Well Bitcoin is having a tough time staying alive, giving just enough boosts for small hopium addicts to stay in this sustained downtrend while big bags make sneaky exits. Looks like bitcoin bulls missed their chance for any REAL upward movement, as demonstrated by my green arrow. Now facing CRUSHING resistance in the 8k - 8.3k region , but almost equally strong support in the 7.8 - 7.9 region. It’s my prediction that these levels could break to the downside, maybe even significantly so, before we see interest from buyers again. Please leave a like if you agree or found this helpful. Always use proper risk management. And good luck! Right now we are sitting at support about 7930. I will wait until the top of this bounce (to the best I can) before I place my short. It’s normally a bad idea to short support. Happy trading! Please join me on my free discord for round table discussion and to follow my daily calls discord.gg Disclaimer: I am not a financial advisor and this is not financial advice. For entertainment purposes only.
Short
by peakindicator
Bitcoin (BTC/USDT) Global Plan for Bitcoin Next Target is $7500Previous target was completed: $11800.00 Next target $7500.00 (Global Plan Bitcoin) 1) Bitcoin CME Futures We have one Gap from $8500 - $9000 in 95% of cases, the market usually covers such gaps with the shadow of a candle or the body of a candle. 2) FOMO right now is GREED Bitfinex Longs and Shorts: Longs = 76.15% Shorts = 23.85% when you see such a picture the market usually goes against the majority! 3) Fear & Greed Index - 64 right now Last month = 84 (Extreme Greed) 4) China Hang Seng Index (Chart Like Bitcoin ) = ;)
Short
by UnknownUnicorn285026
4
OMG BTC when will it stop?Thanks for viewing, I recently heard a quote about gold along the lines of; if you are concerned by dips in price of gold, you don't really understand gold. I take that to mean; if the dips in the price of a rare and limited commodity with strong and lasting demand are able to panic you into selling - then you don't really understand the benefit of owning it in the first place. That is the way I feel about gold, silver, and now BTC as well. Throughout this year and last year the number of wallets accumulating BTC has increased to record numbers. A lot of people are willing to weather the short-term volatility in order to ensure they hold the amount of gold / silver / BTC they are comfortable holding. That said, I think the price declines for BTC are showing signs of easing and potentially reversing. My wave count is one among many - but I will keep this brief. Lots of pretty colours, lines, and boxes was my way of mapping one scenario; If that scenario is correct price will not go below the lower limits of the box. That box is equal to the length of what I argue is a complete wave 3 (of wave (C)) that failed to extend to the 1:1 extension of what is labelled as wave 1. If this is correct, this doesn't invalidate EW but only indicates that wave 5 will be the shortest wave. If this is the case, then we are at or almost at the limits of the price dip. The MACD histogram is trending up, there are also signs of a MACD MA cross-over immanent. There is bullish divergence on the RSI. If my count is correct there was only a slight and very brief incursion of wave 4 peak into the wave 1 territory - small enough that I can easily live with it. Other counts would show a much larger, longer-lasting - and hard to justify price cross-over. My feeling is that we may be at or near to a good point to "buy the dip" (often heard but difficult to pull the trigger on in practice) of a medium-term or long-term hold or swing position. That is what I am looking for. Good luck everyone
Long
by flyinkiwi10
Bitcoin small up trend (For Couple days) maybe target is $11800Bitcoin small up trend (For Couple days) maybe target is $11800 Correction zone 0.618 Fibo: $10130.00 --- If you are trading Bitcoin, my recommendation: Buy Limit = $10150.00 — $10200.00 Target zone = $11800.00 — $12000.00 Stop Loss / Stop Scenario = $9040.00 --- After that i see next moving down and use Global Plan $7000-$7500. Global Plan (Bitcoin): What awaits us about Bitcoin? - The first stage is $8500.00 — $9000.00 (correction is expected to $ 10,000) - The second stage of testing marks $ 7000.00 — $7500.00 (global U-turn) - The third stage (50 on 50) overcoming of marks in $6000.00 (panic) (Testing and closing the gap in the GBTC stock market) --- What about Altcoins: Good time for BUY :) Short-term = around +15% — +28% (Couple days) Long-term = around 200% — 300%
BITSTAMP:BTCUSDLong
by UnknownUnicorn285026
4
Bitcoin — will the collapse continue? From $12000 to $9000Why? Bitcoin — will the collapse continue? From $12000 to $9000 1) Bitcoin CME Futures We have one Gap from $8500 - $9000 in 95% of cases, the market usually covers such gaps with the shadow of a candle or the body of a candle. 2) FOMO right now is maximum and EXTREME GREED Bitfinex Longs and Shorts: Longs = 82.70% Shorts = 17.30% when you see such a picture the market usually goes against the majority! 3) Fear & Greed Index - 62 right now Yesterday = 83 (Extreme Greed) 4) Launch Binance Margin 2.0 (x3 Leverage) People buy or buyed right now Bitcoin and after that can close marginal long positions. 5) China Hang Seng Index (Chart Like Bitcoin) ;) I do not recommend using marginal positions !!! The best solution is to wait for the fall of Bitcoin or buy altcoins!!!
Short
by UnknownUnicorn285026
5
Bitcoin from $12000.00 fall to $9000 and $7500?Why i see fall price for Bitcoin? 1) Bitcoin Futures CME: We have last one gap on the price $8500-$9000 2) Longs/Shorts - Bitfinex Longs = 68% Shorts = 32% 3) FOMO + Crypto Fear & Greed Index have status EXTREME GREED = 76 4) Bitfinex, Binance You noticed that as soon as the start of marginal positions on Bitcoin bitcoin occurred with 14k it flew down. In the coming days, start up marginal positions on finance. And it seems that all the people who buy them will be liquidated and the exchanges will earn again, then the news and discussions will begin that we are going to 3k again. 5) China Index Hang Seng (Same chart Bitcoin) Index outperformed to rise to 0.618 and did the same bitcoin and then fell. The index fell 30 days to a value of 0.236 fibo. If you look at all sides, then this scenario starts to coincide with me and I will wait for the target points and make purchases in two places. 0.236 for Bitcoin is $7100.00 My targets: 1) $9000 = 50% Buy Limit Order 2) $7000-$7500 = 50% Buy Limit Order
Short
by UnknownUnicorn285026
8
Bitcoin a small correction to remove Margin buyers May 31, 2019Bitcoin a small correction to remove Margin buyers (May 31, 2019) A quick rollback and purchase low major player doesn't want to derail the price. Here rather is the removal of marginal positions of buyers. - Before that, we had a market overheated purchases of about 70%. - Now after helicopter 58% of buyers on BitMex. - In General, it was possible to make a correction and eliminate buyers for a major player. - We have an upward triangle and according to the rules we have to climb up in percentage terms with the breakdown and consolidation. When will a major correction is only to guess. I still believe that after this growth, we need a correction of 30% and in the area of $6000.00 This area is around $9500.00-$9600.00
Long
by UnknownUnicorn285026
Bitcoin setting up shooting star candle on the weeklyCiao Traders, I would keep an eye on the weekly chart of BTC, it looks like a shooting star candle is forming on the weekly. What is a shooting star candle? The shooting star candlestick is a chart formation consisting of a candlestick with a small real body, and a large upper shadow. This pattern represents a potential reversal in an uptrend especially when followed by red candle. It is also one of the four reversal candle types in candle theory: morning, evening, doji, and shooting. So this is not a short signal as yet but it may become in the near future, lets wait for the week close and next week candle, a pull back to moving average support can be on the way.
KRAKEN:BTCUSDShort
by Plethron1