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Bitcoin and the Tether Fraud ..?! We are looking at the difference in price between BitFinex ($5400), CoinBase ($5100), and that's because on Bitfinex BTC trades against Tether not the real USD, and as the USDT price falls, the gap gets bigger. We are looking at almost $240 USD in price difference, and each time we have this, things tend to go sour for Bitcoin ( BTCUSD) Looking at the current price action , it looks like we are going to melt, because logically having this gap, plus the tether problem, is not a great sign for Bitcoin, but for the moment on the Coinbase ( you can use bitmex, its the same ) chart, we are moving on a channel ( check upside and downside rectangles ) Taking into consideration that we just tapped the lower rectangle, I'm on a short-term bias to the upside, and currently on a Long trade, looking for the price to continue to the upside. Downside targets, $4900 -$5000 - Would be taken into the consideration, if confirmed.
BITFINEX:BTCUSDLong
by UnknownUnicorn3394555
3
BIG MOVE UP for BITCOIN? Or not? Russia buys BITCOIN next month?Hello traders! I'm out of time so only keyfacts: We see next things in my chart: That an Symmatrical Triangle has formed with an uptrend RSI, if it continious it results in break out and will be the road to higher green support line. If it break down it will create a big down move to lower support. Current RSI uptrend is building uptrend (bullish signal) Previous RSI was downtrend it resultud in big move down Big move up or Big move down may happen begin february (until 11) There are rumours that Russia will buy Bitcoin in februari because of sanctions from US and EU IF YOU HAVE QUESTIONS LET ME KNOW IN COMMENTS leave a like if you appriciate this idea
BITFINEX:BTCUSD
by Will_Wortel
12
BTC: Bounce Here Or Down To 3KWhat a truly depressing year it has been for crypto. Oh well, I've thought for a long time that we missed the correction at 10K and that we would pay for it, and we are, big time. Among other large factors of course. Anyway, I dusted off this old chart that I hoped I would never have to use again showing strong support zones. Support zone 1 held really strong for a while. I want to commend the bulls for all their hard work. But recently the sell pressure was too strong and we blew through that zone. Now the price is testing the bottom of support zone 2. If that fails I believe we are going back to the fabled 3K. Stay safe people. Stay strong. This is not the end, but the beggining.
by Brisben
HMNY bottomed [500-150% PP]Im a the legend of finance, the master of charts. We are down 94%, touched support, and fools are still shorting this? Buy now or regret for the rest of your life. Update: MoviePass went up by a MASSIVE 100% since I posted this idea. Just in the last two days, the price has increased by a massive 47.7%. As a whole, the stock market is skyrocketing. Bulls are reentering the market with strength... Should have listened... But it is not too late. The bulls are clearly strongly dominating the market. After such a V shape recovery I would call it rather safe to go long. 90% odds we go up. "Master? Master? What's going on?" "Hello? Mr legend? Where are you?" Ok but seriously, if you think MoviePass will survive NOW would be a more logical time to buy. I would not for 2 reasons 1 I know nothing about the fundamentals and do not want to bother reading them and 2 stock market probably goes in a recession soon. If MoviePass still exists and has projects and revenues and all that stuff and still priced a few cents THEN hell yeah I'd buy some. When it goes up 1 million percent vertically it's time to sell/get out, and when it drops savagely - not slowly - it is often time to buy, unless the thing dies. Let me just copy this text here: "About 1000 AD, Ibn Sina came up with the idea that an object moving in a vacuum would just keep moving forever without slowing down. In the 1700s, Isaac Newton figured out a way to prove this was true using mathematics. If you were out in space and you gave a rock a push, its momentum would keep the rock moving at the same speed in the same direction until it bumped into something. On the other hand, if you put a rock in space and left it there not moving, its inertia would keep it right there, hanging in space, forever (or until something bumped into it or it came under gravitational or magnetic pull). Unlike Space, on Earth objects slow down due to friction and/or gravity. In the markets, trends slow down in part to the 2nd Law of Thermodynamics one could argue, but for the more readily apparent reason, we will simply narrow our focus to the opposing market forces. Outside the 2nd Law, a unique thing about a momentum move in the markets is that prior to slowing down and ultimately reversing direction, it will quite often increase in velocity towards the end of its move." This is valid for EVERYTHING. In the markets very often moves become stronger and stronger before reversing. When things become extreme, there will often be at some point a sharp bounce (big money coming in or whatever reason) and then it goes down with weakness 2nd Law of Thermo etc. I know most people are interested mainly in magic beans, and I am too, it is a new market, we had 500 years of stock market we can NOT look at it for a few months, but magic beans? They v only been around for a few years. We do not even need volume here, if we check magic beans (sorry xd) on the H4 chart since daily and weekly are kinda meh, we can very very clearly see where the selling is strongest. I am not sharing my indicator, MAKE YOUR OWN. I just cannot find something "built in" that actually shows trend strength. You can see it with human eye anyway, but I don't get why it's so hard? You can use the boredom indicator I published recently, kind of the same, and reliable. Here is the post. It is not perfect, the values are going to depend on the market... Here it has shown on the daily areas of extreme over-euphoric or over-panicked moves: I expect we get this ballistic missile move down from 3000 to 750. In a looooooooooooooooooooooooooong time (stupid brainwashed bagH0DLers). If they never sell ===> Their money is lost as it remains frozen forever. If they sell ===> They lose money but get some of it back. The choice should be simple. If I was to invest I would wait for the stock market to get a whole lot more bearish. My top rule is: always go against the STRONGEST OPPOSITE MOVE BUT! IN THE DIRECTION OF THE HIGHER TF MOVE. For investing. For trading probably works too but I don't try to do that. Also, once buyers or sellers have shown their hands, don't want to buy in a super strong selloff down 70% and down another 70% 4 hours later right? :D You can still find videos and posts of people explaining why investing in HMNY is awesome, most of them deleted that but some are left, they all went silent, no one is talking about that anymore... In the 1-5% of cases they end up being right, they are going to tell everyone, and I mean E V E R Y O N E. They are going to step on stages and talk to crowds, they are going to give investment advice, etc etc. But the 95-99%? They stfu like the lil obedient sloots they are :D Lmao. If you don't have the "fear of missing out" you will lose so rarely and get so huge winners. Bad game, finance is boring, TOO EASY I barely flinch.
HLong
by MrRenev
BTCUSD (1W) LOG: Why is it right to buy and hold Bitcoins?I've waited a long time to publish this new analysis. The signals were too unclear. Therefore, I was patient until the picture clears more up. Now, a large number of indicators point the way to where the Bitcoin could go. I have based my current analysis on a number of assumptions and extrapolated them for the future. Especially in view of the 3rd halving in mid-2020, I believe that a quite possible long-term forecast can be made. The key question is, have we already seen the highest price at the Bitcoin. Was 20,000 USD the ATH? Many agrees: No, that was still the highest price. So if USD 20,000 wasn't the highest price, what is the highest limit that the Bitcoin will approach at some point? This is where we should look at the Halvings... The 1st Halving was in November 2012. After that the price increased extremely. Likewise it was so with the 2nd Halving in the middle of September 2016. Then the rally starts up to the current ATM of 20,000 USD. Let's take this fact as a basis and look at the situation of the miners. Then a target of over USD 150,000 could be possible after the 3rd halving in May 2020. My analysis is based on a logeritmic chart and the trendlines are also adjusted to the logeritmic course as elypses. Linear trend lines would distort the picture here. The question is now. Where is the current low point of the Bitcoin? Many see a low based on Fibo at perhaps near 3000 USD or 2000 USD. I don't see it that way. Bitcoin can become even cheaper. At about 5,800 USD the bottom could be. But that doesn't have to be any more. We may already have seen the lowest mark. On the basis of my technical analysis, we could expect a sideways movement in the coming months, with an interim high at the end of 2019. After the 3rd halving we can then safely expect a strong rise again. Until then, good profits can be made with swing trading due to the sideways movement. So. Should I buy Bitcoins? And when? It's like gold right now. We can expect a correction on the stock markets, so where does it make sense to invest? I now hold my Bitcoins again and buy again and again at a good price. Here the close-up view: ... Let's see what happens. Happy trading. :-)
BITSTAMP:BTCUSDLong
by BTCINVESTING
34
I was kidding when I said the price would become horizontal.I thought BTC moves could not get anymore boring last time. My bad, it can XD I always knew it could. On its way to a bounce with an angle of 0° next. When there is not a single buyer left, we will very very slowly go down? Or mega dump? Any crypto trader that still has not moved to something else (EURUSD, gold ...) what are you doing? When on trading view I see all the top trading ideas being about crypto, while in this market there is zero money being moved I wonder??? Every one been trading with 2500$ for the past 12 months? Boring useless scam market. Nothing to see here. The fools that believed in this ponzi got milked there is barely a few drops left. Get out, go trade something else. Even out of curiosity it is a waste of time to look at this crap. Set an alert to see when it moves, and quit wasting time watching this pointless joke. Greed is proportional to people's stupidity and for one to fall for a magic coin ponzi and not realize you got played after several months, one has to be incredibly stupid. The pirates on the sinking ship are NOT going to let go of their bag of gold. Someone is going to come rescue them they just feel it in their heart. Wall street will magically appear out of nowhere with giant cruise ships and helicopters, they will have warm clothes and jaccusi's on their ships and all you can eat buffet's and all the pirates are invited - with their gold - of course, free of charge on the ships for the ride of their lives! (omegalul can you be more delusional) There is also going to be bears juggling, lions jumping in circles of fire, and young naked women here to feed grapes into the mouths of all the baghodlers. Maybe I'll post an idea every 2-3 weeks about crypto (usually when I say this it is when it starts movign alot hehehe nice one). Boy am I glad I moved to forex back in April :D PS: Ever talked to Jehovah Witnesses? Ever been with a group of them? "Oh yes the great tribulations are coming any time now" "We reached the point where we can go no further, I won't be surprised if the rapture comes this year". They have been saying this for 150 years. For real no joke. The group stopped making official calls for the end at some point, but they still expect it "tomorrow". 150 years. So... you know what that means :D Witnesses were right about 1 thing though... people stopped believing in god and now worship money o.0 They...literally... started doing this... The Bitcoin cult... insane. Does not mean the end is near, like god gives a fuck what some retarded monkeys do XD
BITFINEX:BTCUSD
by MrRenev
9
Daily ponzi hate: Brace yourselves :)Brace yourselves, the authorities are starting to take actions. It always takes them time to act, but once they do it is an amazing slaughter. Lmao at the guys from Riot Blockchain that thought they could pump and dump shares like Bitcon gets pumped and dumped. CNBC actually did something good for once and pointed out they were crooks. How funny is it that the criminal CEO from that company acted offended back then :'D Sorry bro, blatant pumps and dumps in the stock market get detected and the ones responsible get punished, not like crypto (yet). There has not been much for the first half of 2018 and all the scammers thought they were safe :) But it has begun, BRACE YOURSELVES. They are ALL GOING DOWN AND THEY ARE GOING DOWN HARD! PERFECT. The complacency of all the criminals "I risk nothing" is over, just like the complacency of the crypto bagH0DLERS is over "the next bull market is imminent", and we are now entering anxiety - heavy anxiety. I doubt they even sleep. Everyone involved in this whole ponzi scheme is about to get crushed so hard :) Here are a couple examples: www.cnbc.com www.zdnet.com www.moneycontrol.com www.cnbc.com www.ccn.com The SEC is hiring people to regulate the criminal infested crypto market. Please let me know how this means an ETF is imminent and how good this is for Bitcoin price :) www.ccn.com I just hope I do not miss the Tether bang :)
BITFINEX:BTCUSDShort
by MrRenev
3
The BTC fight for 6000 continues: Bulls are still aliveAfter yesterdays dump I was supremely confident that we would be testing our local low of 5850 again. Boy was I humbled. After adding to my already considerable short at 6300, after the wall at 6310 fell (and what an epic battle that was, the volume was just insane) I was suprised to see how bears ran out of fuel at 6245. Fortunately I had set a stop loss for the amount I had added at 6310, so not a lot of harm was done, only lost a few bucks. What was indeed surprising was the huge rally while I was sleeping (sneaky russians I guess....?) which managed to get the price back to the average of yesterday. From a netrual point of view, I would say that lower highs and lower lows are a strong case for bears, but you have to start wondering if after: - EMA9 crossing down on SMA20 - Low volume all weekend - Failure to break the local top at 6600ish, and then failure to get there again - Low volume after pumps - Breaking decisively down the HUGE ascending triangle I've been following for weeks - Breaking down with HUGE volume the battle for 6310 AND STILL NOT DUMPING TO A NEW LOW, Maybe... maybe the bulls are just not willing, no matter what, to let this one fall. In two days time we should have an ETF decision, which has shown to be a strong fundamental that affects greatly the price. Which way, that's the huge question. I am a little bit underwater and will probably be setting a tight stop loss, since I'd rather leave money on the table after the ETF decision, than eat up a huge green candle that takes a chunk of my trading stash. As for AT itself, after yesterdays shenanigans, We are still looking for any figure to form. Before going to sleep I drew the solid orange line to check if it could act and resistance and it did, and very well. The dotted orange line at the bottom of the triangle hasn't been tested since I drew it, so it might be off, but it would definitely make sense. For now, we found a smaller triangle which I also marked with a solid orange line. That one should be resolved in no more than 8 hours, but most it will likely sooner. As all symmetrical triangles, it could go either way. If it goes down, I have to expect yesterdays battlefield at 6310 will still form some kind of support, below that who knows. I've been claiming for 6120 and then 5850 for a week, and bulls have shown me that they can do better. You also have to consider that ema9 has crossed sma20 on its way up (marked it with a green arrow), which is very bullish to me, but since we didn't dump enough after last time tose two crossed down, I do not expect it to have a huge impact.
BITFINEX:BTCUSD
by Motrok