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Decesive moments for the btc/usd pairHi people and alike, I woke up this morning noticing that the stop loss I placed at 9.5k before going to sleep, worked out fine. Bitcoin has dropped almost a thousand in half a day as per UTC. I'm now waiting to see if my next trade is going to be short or long. Maybe I'm too stoned but I'll wait to see what happens with the price and the whales. and if they want to hold it above the 8.6k or not. Remoras would just have to wait now, if they want to survive. Nickles and dime folks! Analyzing the 1D chart, the 100-day MA (in blue) is now working as resistance. Yesterday it was the support of the short bull rally. One and one is two, so it's really important that btc closes near that 100-MA today, if bulls want to get out of the big bearish market we're still in. But, why is it so important? Because the 100-MA is coinciding with the .236 Fib Retracement (which goes from the February 6th lowest to the ATH). If the price manages to get back to the 100-MA level today (around 9.1k), would mean that the mini up-trend rally is still alive. Furthermore, it's important that the 10-Day MA (in red) keeps heading upwards and doesn't slop downwards. But if not... Having said all that, maybe I'm too stoned but I'll keep on learning or trying to. Peace out.
BITFINEX:BTCUSD
by Oboogie
1
Does it get any easier? Friday QuickpixGood afternoon peeps, Hope this note finds you well on this wonderful Friday. As we can see on the the 1H chart for BINANCE:ICXBTC , we've broken the bull flag pattern and are attempting to find support above the high of the flagpole (4192sat) after testing the .618 fib extension. Keep an eye on this chart as this breakout could push us to test the 4580 region which would complete the cup portion of the cup and handle patter we are currently forming. *This is purely for observational and learning purposes - Do not take any of my comments as recommendations to buy or sell, rather, observe and take my tips with a grain of salt* PERSONAL TARGET: 4445-4490 sat
Long
by malevolent12
1
BTC bull run - the dance is almost over!Dear Crypto addicted, fan, lovers, haters, whatever, in the past days huge capital injection to raise BTC from the annoying sideway 6.5-7k to 8k peak, volume also temporary increased from 4-5MM to 9MM per day. Is that a reversal of the downtrend to an unexpected uptrend?? I don't think so, we currently are still below the channel top of the main downtrend coming from 20k. (log and linear) RSI and MACD are strongly signing for a down correction, BTC is overbought and RSI is diverging. This scenario is very similar to the one we experienced couple of weeks ago. We are expecting a second green leg to around 8.5-8.7k and then a very strong correction. So very probable a downtrend in the next hours. Stay tuned and like, share comment if you enjoyed the TA. *this is just my opinion I'm not a professional advisor! Make your choices wisely and manage your risks!
BITFINEX:BTCUSDShort
by thegio
2
Bitcoin (Mid April). Still Bearish. Don't Fall for Bull-TrapThis is my update for Bitcoin in April. I do understand the idea of buying Bitcoin on the weekly swing trade since it is near reaching the 8.5k-9k resistance area it has reached many times before. In the very short term, we do see a bullish ascending penant and it could very well turn out to be an inverse head and shoulders. But the RSI is questionable, and is already near the top, and falling a bit. Those in it to hold mid to long-term should still wait before reinforcing. Look at the grand pattern. It's still a parabolic rise followed by a descending triangle. Bitcoin's periodic rises throughout this winter and early spring haven't been nearly as much as its hemorrhages to the point where it's a plain descending pattern. This very recent jump is not the real bull-run. Odds of seeing 12k this or next month are slim and odds of seeing it go beyond that within that period are virtually nonexistent. We may go up to 9k again, but Bitcoin is still poised to go to 4000-5800. If you've followed this page for the past few months, you know my projection for the market hitting rock bottom is estimated to be late April throughout May for a while. No FOMO.
BITFINEX:BTCUSD
by dfsemeraro
Will Bitcoin repay the loan or can bears accept a double bottom?So I still think we have to dip down as hard as we spiked in order to please the bears and get this price back down to where the whales will jump back in and repeat the cycle. On the other hand, sometimes loans can be paid off short. Looking at it from a non technical standpoint, some may say a double bottom combined with the extended amount of time we have spent trying to get there makes us even. With that said, I present 2 options: 1.We bounce off the double bottom and take a nice ride up. My charts shows some reasonable fib levels to bounce at. 2. We continue to fall until the spikes have been exactly repaid and then we are allowed out of jail. My number for the low is calculated from 2 things. 1. I feel that the high from January 6th equals the low of February 6th = repaid. The ATH from December 16th needs to be repaid (with some blood in the streets). The difference between the highs of Jan 6th and Dec. 16th is $2700. (17200 and 19900). Subtract 2700 from the first low of 6000 and we get 3300. 2). 3300 has strong support from a reversal back on September 15th, 2017. This seems logical to me from both a TA and FA perspective. We all know whales control the market. And no matter what our fancy tea leaves say, they will make the moves they want when they want to make them. So, thinking like an arrogant, "nothing impresses me", filthy rich whale, I would probably think: "I bought in last time when they announced futures trading was coming to Bitcoin... around $5000. I got a 4x gain and then bailed out at $20K. This time I want MORE PROFIT. I will wait until this hits 85% off ($3,000) and then ride it all the way past 20K for a nice 10X profit ($30K) and then dump it again. If that plays out, me buying in at $3300 will be great!! I will take that 9x any time! ok, so that last part was a stretch, but I am SURE some whales have that thought in mind. They always want MORE POWER. That means huge gains like more than double what they did last time, and why not a nice even number like 10x? My ideas have a chance just like other people.... I can't wait to see how it plays out!
BITFINEX:BTCUSD
by davidflana
BTC Stophunters!Stophunters are real quys, perfect example of a beautiful flag setup dipped hard below support right before the breakout. You could tell that once we got huge sell volume on the 2nd smaller flag the run was over for the most part. That's where clean flagging turned into choppy channeling. Keep strong hands manipulation is strong atm. Rising wedge currently breaking out most likely a bull trap as the second half of this Bear Flag is much smaller than the first leg down.
BITSTAMP:BTCUSDShort
by Gweilo
BTC Stophunters!Stophunters are real guys, perfect example of a beautiful flag setup dipped hard below support right before the breakout. You could tell that once we got huge sell volume on the 2nd smaller flag the run was over for the most part. That's where clean flagging turned into choppy channeling. Keep strong hands manipulation is strong atm. Rising wedge currently breaking out most likely a bull trap as the second half of this Bear Flag is much smaller than the first leg down.
BITSTAMP:BTCUSD
by Gweilo
1
Switch your chart to log scale...Have a look at this. Log scale makes this "breakout" look like a who cares break of the 50 ema. Seems like a dangling carrot sent over by the bears... We are still in the downward channel shown inside the blue lines. If we get above 7300, that might raise an eyebrow. Even then we are still way below the main downward trend line from the ATH shown in green. Just seems like the bears are trying to trap some silly bulls into buying so they have someone to buy their sells. I still think this market goes nowhere until we are below 6K. I'm a silly bull waiting to buy.... come on bears! Bait me in with some juicy sub 6K worms and I will bite!! And get ETH below $300 while you are at it, and we can have a big thanksgiving meal!!
BITFINEX:BTCUSD
by davidflana
CRUDE OIL / Elliot WavesIm the Wizard of Farts and Charts and dropping knowledge as it seems no one can count simple EW patterns here. People are guessing their trades and not understanding wave structures. Let me show you how poop is done. I almost cry when I look at the stuff people post in here and Im sure lot of people are losing their money. This Crude Oil thing started with a so obvious H&S pattern that I almost laughed when I saw it in the making. Then we got into doing some complex correlation waves that are still in the making. THIS INFORMATION IS NOT MEANT TO BE USED AS A FINANCIAL ADVICE.
TVC:USOIL
by Chartmanderr
2