BTC now and BTC in 2019 yearsBitcoin is in a falling trend.Waiting for the bottom in the area of 1100-1300 dollars until September 2019. Next, a new bullish growth cycle.
Btctrend
Monday BTC news comingG20 leaders had called for taxes on cryptocurrencies during the summit weekend in Argentina.
That is of course lead to the fact that Bitcoin and other first cyptos all slipped on Monday in Asia.
After the latest more or less good news about stabilizing Bitcoin, it lost 5.04% to $4,041.3 by 10:31 PM ET (03:31 GMT) on the Investing.com index. Quite a siginificant drop, compared to the Ethereum down -4.59% and XRP - 3.37%
Bitcoin continues to fluctuates around $4000 range after losing roughly 40% of its value since mid-November.
Today in the morning (03/12) , it was reported that members of the G20 agreed to work on international effort for the regulation standards on cryptocurrencies to put it in the line with standards stipulated by the Financial Action Task Force (FATF).
The move is seen as an effort to curb tax evasion by investors and traders of crypto-assets.
Overall, the efforts of G20 finally will go only for the best for the majot crypto and conisdering such announcement, the BTC could be expected to raise in price this week. But not goving long-term predictions, I would say today it would continue the hold around $4,200.
BTC Short TermRetrace down before pop up to next level seems probable. Nice little scalp or entry. 6400 will be a big point. Could see rejection to a continuation of downtrend. Or could gain it and stay on course with the 6900-7100 target.
BTC Short term retracement $6100Btc/usd trend analysis: 3 resistances converging in the same zone, the Price touched $6421/$6431, where the 21 Ema of the daily Bollinger bands is and got rejected, there is also a yellow line resistance in the same spot, this line is the main downtrend line that it has been rejected the entire year, a little above that one we have another thin black deciding line that represents a small downtrend channel since September 22.
In resume I expect a retracement to the low side of the BB and the blue line I've been talking about many days ago which is now between $6025 and $6070 (this can take a few days)
- Trading Advice: Don't base your trade on the analysis, you have to make a strategy or a trading plan based in that analysis and always consider the possibility that if the analysis fail what would you do?
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BTC MARKET UPDATEToday we will review one interesting pattern in trading, which appears rarely in the world of technical analysis. The pattern can be seen below on BTC D1 TF is called a compound fulcrum. The pattern consist from inverse H&S and H&S patterns inside a wedge.
This is a very bullish pattern and sign for atleast local reversal. BTC is currently at a point where it has to make a major move.
BTC D1 TF (Bitcoin Compound Fulcrum pattern)
The similar patterns we've seen in the past, for example copper. Between 1975 and 1979, Copper Futures entered a compound fulcrum which is very close resembles the one we see in the case of BTC. As we see Copper Futures price made 2x after compound fulcrum.
ibb.co
Copper Futures 1974-1979 (Compound Fulcrum pattern)
Capestone Turbine Corporation (CPST) daily chart below shows that compound fulcrums have also been seen in stocks. Between August 2013 and December 2013, we saw CPST trade in a compound fulcrum. Towards the beginning of January, the price shot up to the top of the wedge and then broke out of it to continue a new bullish cycle and also made 2x rise.
CPST D1 TF Aug 2013 - Jan 2014 (Compound Fulcrum pattern)
So now lets discuss what target is by BTC according to compound fulcrum pattern.
Before reversing trend to bullish BTC should breakthrough EMA21 (7000$) and EMA50 (7180$) on weekly timeframe (BTC W1 TF), then the road to bullish market will be opened.
According to our previously mentioned DIAMOND pattern we have the target at 7800$. Now lets add target by compound fulcrum: first one at 8500$ and then second at 10000$.
BTC D1 TF (Targets by BTC Compound Fulcrum pattern)
SUMMARY
I have a feeling that soon we can see bullish rally without returning back to 6k$ level. Previously I've supposed that BTC will rise to the area at 7200$-7400$ and then drops back to 6300$ or even lower to 5850$, but now I'm in doubt about falling back.
Anyway hope you have opened your LONG positions and after each rise we will update stoploss.
And important remark: dont expect non-stop rise till 8500$ or 10000$, the rise will be with bounces at restistance levels at around 7050$-7200$ (EMA21 and EMA50 on D1 TF / Kijun on D3 TF) and at around 7700$-8200$, depending on how fast the rise will be, BTC could probably bounce from lower border of Ichimoku cloud on D3
ADABTC: Tell me what you all think?Hi All,
It's all in the chart
ADA Short: short-term
ADA Long: long-term
ADA will be added to coinbase
ADA code is finish but will go through different Iteration and Extended UTXO Model
Server Model Haskel: Match and Coordinate or speed up Computation for ADA bussiness logic
ADA in my humble opinion is my #1 platform.
I do not focus on right or wrong; instead I focus primarily on being as objective as one could possibly be.
However; I also realize I may be biased towards ADA because I come from academia background.
Hence, take my stance with a grain of salt.
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People...
BTC Reversal levelsLower volume than prior uptrend indicates weakness, if you take a look on the weekly chart you can also see bearish engulphing candle that took off 3 weeks of uptrend in just one candle, in fact 85% of the retracement was given in 24 hours, this is something that we can't ignore, selling preasure was way too high, and it will probably show up its power again between $6740/$6850, zone where we have a Strong horizontal resistance, plus 100 daily ma and 20 daily ma of bollinger bands. For now there are no signs of reversal, no bear divergences in smaller time frames either, this reversal is most likely to happen in 2 or 3 more days, before the weekly candle closes on sunday 16.
ADABTC: Check it outHi All,
Hope all your trades are going well
It's all in the chart ADABTC
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People...
BTCUSD: Prepare for retracement Hi All,
Hope you all are making good gains, but be cautious.
It's all in the chart
BTC may have another leg up before the dump continues.
Allow the market to come to you, don't go chasing the rabbit.
Prepare a checklist, stick to your analysis, forget the noise.
Successful people in General, always have a plan and stick to them with conviction.
There's a high probability that this was just a short squeeze in order to liquidate the shorts.
Volume Weighted Moving Average (20) Target: 7450 - 7600: Sell
I must be crazy not to be buying the narrative that we are in the bull market,
Or maybe it's just the contrarian in me, since BTC has yet to test 5000 level.
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People...
Long term bitcoin trendBitcoin is close to some key trend lines on the weekly, the bear market could be over by november this year or could go into a very bad bear market but right now its to early to call just another thing to watch out :D
Decision time for BTC- Interesting Bear and Bull FightHello all,
BTC is testing 6700 trend line resistance multiple time in this week. 200 MA is also is nearby. BTC need volume to breakout that psychology barrier to start a new bull trend.
BTC major support is on 5800.
VETBTC: Ready for FreefallHi All,
It's all in the chart, simple idea for VETBTC: Accumulation Period
My apologies, been traveling, have not had time to publish my ideas
Focus on Trend, with conviction: Retracement for VETBTC to the Blue-Box
Target#1: 0.00000125
Target#2: 0.00000118
Target#3: 0.00000114
Target#4: 0.00000101
Target#5: 0.00000097
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People...
BTCUSD: Crazy MindHi All,
Hope all your trades are going well.
It's all in the chart. Current BTC is trading within it's channel.
Be sure to Follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People...
ICXBTC: Time is Now, Do Not Allow FUD To Play With Your Mind
Hi All,
Transformational news for mass adoption without the need for ETF: Bakkt; Assets Backed Platform, similar to (XAUUSD) ETF.
This week, Crypto Sphere received very bullish News from Intercontinental Exchange (ICE), which is planning to launch their own (BTC) trading platform. And yet the market continues to Bleed slowly, which I cannot comprehend. I would very much like to Invite all investors and traders to look at Crypto potential landscape from a macro perspective. ICE Plan to create (Bitcoin) infrastructure as crypto transfer service, which could be utilize by Investors, Merchants and Consumers. They believe the services could inherently bring mass adoption, due to marketing for the Bakkt platform. ICE also partnered with (Microsoft) and (Starbucks). The Bakkt platform will be a regulated custodian service. They will be offering there services to Investors, Merchants, and Consumers as Custodian for payment Finality similar to credit card payment solutions i.e., (VISA INC) (V) and (MASTERCARD INC) (MA) and also One day physical delivered (Bitcoin) Future contract, which is bullish. I would like you also take into account The very nature of having ICE into the Crypto sphere, would bring in Compliance and robustness to the ecosystem.
Mainly because the Average investor Prefers to use establishment which they're familiar with such as New York Stock Exchange, (NYSE), which is highly credible in the eyes of regulators and investors. There are currently more custody solutions that have been created. New exchanges utilizing different type of implementation. The name (Bitcoin) being Synonymous to the masses as digital (Gold) or a store of value. Pre-existing businesses are now looking into the block-chain to retain their customers and or users. These are the current companies looking into deploying block-chain solutions via (Ethereum) block-chain; Amazon, (Amz), (Facebook), ALIBABA GROUP HOLDINGS LTD (BABA). As of writing, there are 3000 lightning network nodes, And I'm fully aware lightning network could in a sense centralize (BTC) to only Affluent individuals and Banks, which I do not care for.
Stated all that to say, the current infrastructure is being develop and deployed. I would suggest individuals not be so focused On the short term price action for (BTC). Because once (BTC) Infrastructure has mature then, there will be mass adoption. Just because the price went down does not mean that underlying instrument, Behind (BTC) technology ceased to exist. I also understand we have to go through the regulatory framework In order for us to get More institutional investors and the masses Into our crypto sphere. So I say be patient my friends. Remember, in order for any commodity to have intrinsic value, Institutions and the masses would first want to see the overall value it could potentially bring into their Portfolio and life. The so call, what is in it for me approach.
To conclude, My initial stands for what Bakkt is actually doing is quite brilliant. They Essentially are creating a Fiat gateway for Investors, Merchants, and Consumers. This will permit institutions to buy and sell physical (Bitcoin). Bakkt is essentially becoming the middleman. Hence, Bakkt is becoming settlement layer for payment provider similar to; (VISA INC) (V) and (MASTERCARD INC) (MA). Bakkt is effectively removing the volatility which we Experience for merchants by settling payment off-chain after each purchase. Having an established player such as (NYSE) in the ecosystem Supporting crypto brings in credibility to the space. Bakkt could essentially bring in new businesses that would have elected not to participate in the crypto sphere due to the volatile nature i.e., (Starbucks), but would like more Consumer base and Increase revenue. Always take into account Transactions bring value Not speculation. Reason why the true value of any token or coin is mainly predicated on the Masses Utilizing the network, which in a sense could create a network effect i.e., (Facebook).
Be sure to Follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People...
BTC Breakout TA 7-24-18Although BTC seems to be shying away from my 4100 target I did call the recent downside to 6k (within $90).
*Check last post for proof.
BTC is breaking out of the purple symmetrical triangle that tons of people tried to long and got REKT on.
If this daily candle can close above the purple trendline this is huge because I cannot see any higher
trend resistance.
I am still not really bullish on BTC until it forms a well established uptrend line from the downside.
Re-mounting an older uptrend line would be ideal.
Until then I am still projecting a tap at the long term uptrend line in the 5-4k range.
Times like these show us why we need to be unbiased technical traders. Trade safe.
MEMO TO THE WALESwe can still make money. not evrebody it s dumb money guys. in one year i will be in your club :)
Secret path of the bearish 90% trend for 2018 till mid 2019 , Reaity chek : the year it s bearish the trend it s bearish, under 10k we are very bearish this means even if we go to 8k 9k it s not bulish at all. stay friend with the friend stay bearish and with no big leavreage and you are good. Bless you.
Contribution for future secrets: BTC : 13Z7aqeP7im52jXkrxMmPbi4rPye1vTpBK
Big trend clash coming in September Red line is logarithmic bull line for all time. BTC has never broken this trend.
Yellow dotted lines are local support levels.
Diagonal wedge in green dotted line (we've never closed below this during 2018, might do today).
I'm thinking we do a fakeout to 5.8k, come back up and pop to 7.9k, before mosying down and slow bleeding to 4.6k - 5.1k til September 20th when the 2018 bear line meets the global bull line. Funny enough this meets perfect with the critical support level of 5050.
Bullish Spinning Top Candle 1day chart Retest of Resistance Line'BOOOOOLISHA'
Sorry im back quick update i thought i would quickly fire this up i see a bullish spinning top candle
on the 1 day chart i will look into this more in a few hours and throw some more charts up and see
if we can see any change in trend any time a bullish spinning top candle shows up it normaly means
the start of something big.
Now i do not want to get peoples hopes up too much as im not out to do that im here to try and help
some of the newer traders im new myself but im learning just like a lot of other people on here im
also busy programming a project for the btc community.
The chart i have thrown up jst in case anyone missed it especially new traders this candle normaly
means a big change in trend we see this a few times, i saw one of these back when bitcoin went
to 20k it was at the very beginning of the bull run near the beginning..
I want to take a much closer look in a few hours so expect some more charts and updates along
the way good luck all i will obviously include some TA in the charts with a update on news and
anything else i feel relevant, i think it is obvious why there has been so much SHILLING
going on and people are starting to see it now, which is great news as new traders wont fall
for it so much..
Social engineering is one of cryptos biggest downfalls you can make any chart look bearish or
bullish even if there not in a bearish or bullish state by the Time Frame.Enough raviting from
me i will leave you guys with the knowle we have bounced off the main bottom support zone
in blue and now we have a daily bullish spinning top candle.
Big things are coming this week end most of you would have seen the massive sell offs that
happened today and yesterday i believe these where whales dumping there btc to buy back
in there only waiting for confirmation this is my opinion so don't forget to use your own TA
im out to try and help.
I will keep this updated but definitely a massive booooooolish sign.I want to check the
EMA and RSI and also try some new indication methods.I will be back with an update
in a few hours.
Thank you to any one who supports our work we have alot of projects on the go at the moment
and we are trying to fit this into our schedule
BTCUSD TRENDLINE BREAKOUTZONEGUYS KEEP WATCHING GET MORE MONEY...
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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BTCUSD Trangle pattern 1245 waves and ABC retracment possiblity chart speak for itself i wonder if we break out of this wedge and we start a bull run it could
also go down and do an extended ABC, i think the break out of this triangle might be a big
bull run moment or we extend our ABC again until we break the trend.
Good luck to bears and bulls :))
BTC how it will continue from here ???I found something really interesting the way the market moves in the different years starting from 2015 to 2018. The have been a 3 way cycle of buying power with trend characteristics. As I was thinking before that is just a regular retracement before breaking higher. 50% fibs from 200$ and 61.8% from 3000$. I am wondering how hyperbolic the trend will continue if the banks and the big money start to invest in crypto. All the mass media bloomb etc. were highlighting so much the crypto exactly before the correction isn't it a little bit strange how everyone started to talk about the crypto world little bit before Christmas... In my opinion if we continue with new bullish power and faith in the cryptoworld by end 2018 we can easy get to 80-90k$ per bitcoin. 2017 was the year of the BTC 2018 I think will be the year of ETH so many projects will be developed and enhanced by ETH network. OMG my favorite coin 50% of portfolio is in OMGs. While BTC for crypto is like USD for FIAT. Necessary for the velocity. GOOD LUCK all please share your opinion how the trend might continue and why? :)
