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BITCOIN - 8 BUY Confirmations on The Current Price Level!!Hello, followers and other TradingView users! Technically, here we get probably the delayed short-term bounce for day traders! Bounce criteria: 1 . April low works as a support - $6425 2. Trendline from the wicks since 15.09.2017 (three touches, today was fourth) 3. Fibonacci retracement area, not the perfect one but between the 62%-78% (Pulled 24.06.2018-29.07.2018) 4. Fibonacci extension level 161% (Pulled 20.07 - 25-07) 5. On the 4h chart - RSI Divergence & RSI is on the 'trendline' 6. Current price action shows us on the shorter timeframes nice harmonic corrections between the Fibo levels. 7. We have completed the 5th wave on the Elliott Wave theory 8. ABC pullback gives us same length 'legs'. On the Elliott Wave, those are 3rd and 5th waves Hopefully, this helps You out a little bit to confirm Your own analysis! DEFINITELY make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment! To get updates - click the FOLLOW button and don't forget to LIKE! Thank You for your support.
BITFINEX:BTCUSDLong
by VaidoVeek
44
SEC ruling on ETFs postponed-denied scenarioGoing short around @ $8650-8700 - continuation of the current parabolic growth after market crash is extremely improbable - there is 90% chance that ETFs will be postponed by SEC to 2019 or denied altogether, reason being that it usually takes a very long time to be approved for ETF, for example, it took 23 years for Gold to get approved. - 200 MA Daily resistance coming from the top - RSI showing high overbought levels - Pitchfork drawn from the top of last candle just before the 2014 final selloff(capitulation move) aligns perfectly with $86000-8700 resistance that we've hit yesterday and believe will act as further resistance
BITSTAMP:BTCUSDShort
by Eye_of_Providence
BTCUSD - Prediction w/ bearish batBTCUSD has made a clean break of the inverse head and shoulders to make a higher high somewhere following a lower low which has triggered a huge bias change amongst online traders I follow on reddit/twitter. Though I dont think this means we will break above 10k any time soon, there is reason to believe we are finishing the bear market. The RSI has not been above the orange resistance we are facing currently in 2018. The OBV has not broken above the downtrend line that was broken a few days ago since 19k was reached. The ichimoku cloud is about to turn bullish and we have already had a bullish Tenkan/Kijun cross. Given that I think this is a reversal in the making I won't be looking for long term shorts. I was stopped out of a long on the right shoulder forming... that one hurt my feelings. Now looking for longs in the green boxes. I think a retest of the neckline is very unlikely.
BITFINEX:BTCUSD
by actavis89
Scenario to be aware of Just wanted to throw down a quick scenario; There's a few things that have been bothering me throughout this recent uptrend. Firstly volume, it's been very far between with large pumps followed by a total drop off, more concerning to me is that these pumps happened at the same time of day twice, my rule of thumb for Bitcoin patterns is that twice is a coincidence, three times and everyone notices, the fourth time never happens. Secondly I don't like the number of harmonics failing over the last few days, of course you cannot expect even most harmonic patterns to break as expected but they are often a good indicator of buyer and seller behaviour so I dislike the number that have turned around with quick spikes of volume which then disappears again. Where we are right now we should drop if you took things at face value, this strikes me as too obvious and when combined with these injections of volume it makes me wonder why we aren't seeing the same selling pressure rather than a slow bleed out. Then we have the head & shoulders idea, I don't like relying on these patterns as once again it's just too obvious to spot, in my mind head & shoulders patterns are more of a natural formation in retail driven markets, which of course this is in theory, but there's nothing at all about this entire upwards move that shouts retail buyer. Retail buyers do not buy all at once at the same time on consecutive days then stop all together. This leads me to the possible play that I am leaning towards right now - We will invalidate the H&S by making a higher right shoulder, we will then create another flag before rising again to meet our trendline. Only then do I think we will see some serious selling volume enter just as buyers believe we are about to break upwards, this can be followed by a retest of support around the $6,150 area... after this point I am not even going to guess what will follow from there, and anyone claiming they are not employing a degree of guess work is most likely full of sh*t. This is of course entirely conjecture without confirmation and could be invalidated in the next few hours, but there's something rather odd about the last 24 hours price movement and this is making me lean towards the above scenario having a good chance of playing out. Hope this has helped give some ideas if nothing else, as always do your own thing and never trade purely based on what you've read on here regardless of how many VIP members they've suckered in.
COINBASE:BTCUSD
by MikeLeChat
1