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Longbitcoin

Great buying opportunity approaching on Bitcoin (BTCUSD)Bitcoin made a huge drop today but is it time to panic yet? The Crypto Fear & Greed Index is showing there is extreme fear in the market, which is typically a good time for the smart money to look for a buying opportunity. Looking at the charts we can see a several areas of support converging on the $6,700 range: 1.) The price has already touched and bounced off the bottom of the downward channel, which has yet to be broken during this downtrend. 2.) On the weekly chart, there is structural support ranging from $6.1k to $6.7k. The 0.786 fib retracement from the ATH down to the 3k bottom is also right around $6,700 (another popular buying area for smart money) Additionally, the volume profile tool shows a high level of trading activity at this range. 3.) On the monthly chart, there is a diagonal support line stretching from late 2015 to present time, and the last time price reached this line, the huge bull run of early 2019 followed. 4.) From a fundamental standpoint, this zone is also the Miners bottom range as highlighted by trader filbfilb, who perfectly called the last miner’s bottom around the 3k range. See here: 5.) Let's also not forget about the bitcoin halving bubbles, with the next one approaching in May 2020 I feel very confident with this idea playing out and I am scaling in my buy orders into this price range. I am not expecting this to play out quickly, and it would actually be better to see a period of consolidation in this range before moving up rather than the fast spike up we just saw last month. I hope this idea was useful for you, if so please give it a like and follow to see how this plays out over the next few months. Thanks!
BITSTAMP:BTCUSDLong
by tommyf1001
10
BITCOIN ABOUT TO MOVE UP!!BETTER BUY SOME BITCOIN NOW BEFORE NEXT MOVE, I HAVENT SEEN ANYONE SHOWING THE 21 WEELKY MA. LOOKS PROMISING, I KNOW THE MACD LOOKS BEARISH BUT IF YOU ZOOM IN ON THE MACD IN LAST BULL MARKET ITS DONE THE SAME THING, IT BARELY CROSSES THEN CROSSES BACK OVER WHEN BOUNCING OFF THE 21 WEEKLY MA. LONG TERM CHART ON THE WEEKLY BUT MORE PROMISING ON BUYING OPPORTUNITY. BEEN LONG SINCE THE HIGH 3K IN FEBRUARY. BUY YOUR TICKETS TO THE MOON NOW BEFORE ITS TOO LATE.
BNC:BLXLong
by Crypto_Gardener
2
BTC BITCOIN Weekly and Daily indicate a further Decline$BTC #Bitcoin Price Update 10.09.2019 Bitcoins Price is now a hot topic and I want to give my technical perspective on current Price action. On The Makro point of View Weekly Stoch still heading down, but we are now trading above the 10EMA but lost the 10SMA. Locking into the lower TimeFrames currently the Daily Candle is now trading below yesterday`s Candle. Daily Stochastic is Crossed Down. Daily RSI is losing the EMA and Trending towards bearish Control Zone. If we takeout yesterday's Daily Wick to the downside (10060) a possible acceleration to the downside is more likely. On Lower Timeframes for example H4 we have similar Signals which could indicate a further descent towards 9,8k. Again I do not recommend opening any short or long trades blindly without proper Position Size and Risk Management. Bitcoins Price gives you now a clear Support and Resistance lines where you can Manage your Trades of, everything between should be a clear no Trade Zone for you. Be Smart, set your alerts, have your StopLoss in place and Trade Safe. =========================== you can follow and copy my Trades on eToro My Etoro Profile: www.etoro.com Etoro Registration Link: etoro.tw
BITSTAMP:BTCUSDShort
by koboltrading
MAJOR CORRECTION HAPPENINGHi guys! As I predicted in my previous analysis we had a fakeout to 9k pulled back immediately. After we broke out of the falling wedge we bounced from 8k (VPVR resistance) and then we tested the wedge as a resistance at 8.8k than we started to fall. Everything goes according to plan so far. As I mentioned before the key moving averages are the 50 and 100 MA based on the previous bullrun in 2017. I am also keeping an eye on the fibb levels and the huge VPVR resistance at 6.4k. A correction to 6.4 would make the most sense. I will probably start to average in from the 7k-6.8k range. I will keep you guys updated. ***It is not a financial advice, It is only my own opinion*** If you have any question, leave comment, and if you found it helpful don't be afraid to hit the like button!
BITSTAMP:BTCUSDShort
by KryptonuQ
The Perfect Trade.Hi friends, Looking at the 4H chart, we can see a divergence on the RSI that indicates a possible reversal. The turning point should, be the blue trendline at 7k - 6.9k. Looking at buy orders there is a significant buying power between 7k and 6.9k. I do think everyone is waiting for this buying opportunity. If we make this reversal, then the target price is the other blue trendline above at 9k. After a small pullback from there, I think we gonna break out from this triangle upwards. ***This is not a financial advice. It is only for educational purpose.*** If you think it was helpful, please leave a like, it means a lot to me. If you have any questions, feel free to leave a comment below.
BITFINEX:BTCUSDLong
by KryptonuQ