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BTCUSD Is it possible 20k again ? Lets check daily chart...Hello, I know, I know I am risking myself to bulls, especially to those who have made purchases well above 30k (although probably not only). Let me just remind you that my bullish attitude reaches prices well above the last highs, and it is always worth having PLAN B After breaking above 20k, we didn't really have any retest from higher TF. After breaking 30k and a strong continuation of gains, a quick correction brought us back to 30k. This time bulls were able to hold 30k The latest bounce did not move through the previous highs and perhaps a 30k retest is underway again. There is a chance for another bounce, which % wise will be close to the first (see chart) ... And then possibly a drop below 30k under its own weight, and its size will be close to the biggest move after breaking 30k (see chart), which can easily lead us to the area of 20k. Possible shorts only after the second raise (failure under latest highs ) :)), and then breakdown below 30k at the end of the day Good luck
Short
by ForexClub_pl
1
A HUGE SCALPING POSTITION SET UP FOR ETHUSD NOW PLAN - Wait for the completion of the right shoulder formation to get into the trade. Those who wish to scalp can TP1 at 1056. - Those who wanna hold their position to the TP zone of the "HEAD AND SHOULDER" at 990, put your stop loss at entry once the price surpasses TP1. This trade would make a 850% profit. INFO - Huge volatility expected while breaking into the green box at 990. - If the price closes above the green box, then it is high likely that we are going up. Otherwise, we are still going to our target price. Signing off, THECRYPTONIZER
COINBASE:ETHUSDShort
by Thecryptonizer
8
The Value of the SatoshiI feel the Satoshi (Sat) is often forgotten about and think it's vital in valuing Bitcoin. Why? First a small recap: Bitcoin is a currency. 1 BTC = Sat 100,000,000 Total Possible BTC = 21,000,000 (Due about 2140) Current Mined BTC = 18,750,000 (approx.) Current BTC Price = $40,604.36 Current Sat Price = $0.00004060436 Take a look at the Sat price: $0.00004 ... Not much use to anybody right? Now if the value of the Sat was at $0.04 then on a day to day basis, it would be useful. Think in terms of the dollar and the cent or UK pounds and pennies. The numbers after the '4' are still needed for making microscopic valuations similar to 1000th of a cent and so on. So why is this important? Nakamoto picked the number of Satoshis to 1 BTC to be 100,000,000. A figure any higher would be a waste, save for mathematics the last digits would never be used (as a currency) and any smaller number and there would be a shortfall, the missing 10th of a cent so to speak ("Where's my missing pen top!") :) Incidentally, if the price of Bitcoin was: $1,000,000 then 1 Sat would equate to $0.01 ! With the above analysis I think we've still got a long way to go! :)
COINBASE:BTCUSDLong
by Paul_Erasmus
BTCUSD Looking to buuy deeper dip...Hello, Usually, important info / rumors appear in very sensitive places, which lead to a strong market reaction. It was no different now in the case of BTC and rumors related to possible regulation in the US under Mnuchin. From the mid-term perspective, an attempt to push Bitcoin to 15k cannot be ruled out, but it seems that this could be a buying opportunity. Longs on a deeper dip around 14k and again around 12k Stop below level 9950 Targets: 30k and 35k Good luck
Long
by ForexClub_pl
2
ONE/BTC Approaching Major Support!Hello Community! Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more! Lets keep it simple. We can see ONE/BTC approaching a major support zone around 25 satoshi's. It is also trading in a triangle as seen by the green lines. Those lines are S/R of their own. Wait for a bounce with a higher low for confirmation before entering. If it does bounce successfully we can anticipate a run to the next major s/r around 50-60 satoshi's which would be a 100% gain. Don't forget your Stop loss and calculate entries on the lower TF''s. Let's watch closely. This is not Financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Simplicity Win
OLong
by rnaofs
LSK/BTC Approaching Major Support!!Hello Community! Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more! Lets keep it simple. We can see LSK/BTC approaching a major support zone around 654 sats. Wait for a bounce with a higher low for confirmation before entering. If it does bounce successfully we can anticipate a run to the next major s/r around 1200. Don't forget your Stop loss and calculate entries on the lower TF''s. Let's watch closely. This is not Financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Simplicity Wins
Long
by rnaofs
ridethepig | The Long Road Turns to JoyIn the realm of 2020, the struggle for freedom is identical to the struggle to shake off the latest resistance which is still bothering us, and for that reason our problem is reduced to a timing problem . 📌 We are going to dig deeper into the concept of liquidity warfare, as applied to that of positional game theory, as applied to swing trading. The attack is just a matter of "when". The transition with "The Great Lockdown" is playing out as expected. Unemployment Claims are still maintaining pressure on the Global Economy and by doing so put the ideal of an advantage towards retail participation and a liquidity trap or bubble of posturing in Bitcoin. This advantage can be exploited either by riding the inflows towards large cap crypto's or the mid caps to a lesser extent. The notes taken from our earlier Dollar macro chart, which is playing out accordingly to plan (i.e Powell artificial dollar devaluation) will give us an example of the shift away from government backed currencies. See the following chart, we are witnessing a digital migration as the stem game for a new monetary philosophy. Get long scarcity . This sort of tendency, which toys with the idea to roll up the whole transition, should come as no surprise with the timing with confidence in the public sector is collapsing, and a shift of capital towards the private sector unfolding right on time for a decade of privatisation. It is now important to take a retrospective look at Volatility after the earlier moves. VIX could and should have moved in the calmer waters, but sharp speculators are itching to complete a capitulation move towards 85 which is concerning for the more short-term view on BTC. The plan was: 1️⃣ Long Vix @ 11 in 2019 2️⃣ Covered @ 85 possible temporary top, e.g a retrace towards 25 was to be played 3️⃣ Long Vix again to advance in triumph It is important to understand the effective relationship with VIX, confidence and economic cycles. When risk is being strangled it makes absolutely no difference to the BTC supply side; consequently what is really important for us to track is confidence in the public sector and whether and to what extent the latter causes inflows towards Cryptocurrencies. To illustrate the inner flows, we should consider the following cup and handle as a base towards the 3rd impulsive leg. After Bitcoin significantly broke out of the log chart, we are unlocking the highs once more with $20,941, as a minimum target. What would be a risk to the move? Well, we have a lot of work still to be done in the $10,000 - $9,000 area, for good or ill, to leave scaffolding around the base. I am actively looking to buy this dip and eyeballing an ambitious momentum swing towards the highs. Thanks as usual for keeping the feedback coming 👍 or 👎
BITMEX:BTCUSD.PLong
by ridethepig
9