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VERY IMPORTANT! How to see if a rally is Real or Fake!So many people blame the unpredictable price moves on the whales. (As if the whales aren't investors, too). In lack of better words these people are blaming the unknown for their failure to understand the market's environment. Not to mention spending hours or days over-analyzing a fake rally that is 100% going to deflate So, Dogecoin Shill, what do I do to become a super advanced trading master like you!? Google trends. Go to trends.google.com, type in bitcoin. The bitcoin chart on google trends looks identical to the 1 year chart of bitcoin. As bitcoin's popularity increases, new money comes in and drives up the price. The charts have had one noticeable inconsistency in the last year, which is this recent rally. Bitcoin's price went up 50%, but the popularity stagnated and actually decreased a bit. I took short position at $9k, and tried to post something here at the time but couldn't do it (I'm still figuring out this website) , and I apologize to my followers for that. If you were following me before, I predicted this recent rally in early April when i went long. Leave a like and follow, I do not post on here unless I am extremely confident in my predictions, and if I've already taken the buy or sell position. Peace! -Doge
BITFINEX:BTCUSDEducation
by Dogecoin_Shill
5
BTC/USD - SHORT Price action is very similar to the middle of March 2018. As we declined from 8.5k down to 8.2k we created the same bullish divergence with the RSI as you can see with the yellow lines. Similar pattern on current day. The RSI itself when we bounced on March 15 from 7.8k->8.5K was 50 on the 4HR. We are currently at 50RSI on the 4HR and we bounced from 7.9k->8.5K. The RSI then dived down to 30 and made a low of 7.3K. If we fall here from 8.4-8.5k high we can fall down to 7-7.3K which is right near the bottom of the giant triangle we've been forming since January. Look back at the end of march. We then bounced to 9.1K which happens to be the upper resistance of the January formed triangle. If we reach there, we will see if we reject or breakout.
BITFINEX:BTCUSDShort
by SolanaTradez
BTC Fails at 8700, Test Down at $6800 USD Coming Soon!BTC failed to find the steam even with Consensus - to push up past the $8700-$8900 USD level yesterday and this morning (EST, anyways). What now for the monolith? Previous violence at and around the 8k level - April 12-18, 2018/March 14-26, 2018 albeit a little less obviously - tells me that the next support line will be at that level. I suspect that, given the lack of price finding between $6900 and $7800 or so on the April 12 candle, the price will likely settle in somewhere around $7300 USD (just above the lower trend line) before moving back up to the same $8900 level and trying to find the heart to push to 9200 and beyond following that. If BTC fails at the 8900 retest - say, somewhere around the middle of June, or a tad earlier - we're looking at price action falling below the lower trend line and starting a new, fairly convincing bear channel/trend. For now, I'm staying put - I need to be convinced that BTC has the juice to stay above 9k before I feel good putting any more fiat into the game. In the meantime, I have bids at $7500 USD all the way down to $6900 USD - try to get the most bang for my buck during this little dip.
BITFINEX:BTCUSD
by JoeyGrams
Next Possible Litecoin Buy Zone Identified - $112-$132Well friends. I think the charts have done a beautiful job in helping us to identify these Litecoin "Buy Zones" over the last several months (see history in Related Ideas below) and once again the charts are showing me a possible scenario. Keyword "possible". Obviously, the H&S pattern that I've outlined in the chart has not played out yet and very will might NOT. So, once again, this is simply a possibility. But I do feel compelled to share it as, depending on the course of price action this next week, we could see it play out precisely. You can see that a left shoulder and a head has formed on my Litecoin chart so far. This is a four hour chart. Both have been confirmed by volume. The selling volume may indicate further selling action will ensue next week when volume generally returns and occurs more frequently. I have estimated the neckline, drawn the distance fractal to the top of the head, duplicated this fractal, and then moved it to the estimated neckline break. Notice this distance falls exactly to our old triangle base (6 mo. PURPLE TL)! Interesting. I think this is a good bottom for our new buy zone. If you see this pattern start to look more and more probable in the next few days, followed by confirmation (a break of the neckline) and you're wanting to play the trade, I would start to cast your buy ladders anywhere from $112 to $132. This will be our new buy zone. You could then hold for the long haul OR use the levels I have already indicated in several of my past posts as future selling targets. They are $162, $172, and $219. I'm 50/50 in cash at this point and preparing for both bullish or bearish price action. While I'm cautiously optimistic for the future of crypto, part of me says that we are still not out of the woods yet. Long corrections, generally take long correction time and not all indicators that I see are bullish yet . Happy trading friends and let me know your current sentiment/ideas in the comments below.
COINBASE:LTCUSD
by stewdamus
BITCOIN gets spanked by cryptodadgood day ladies and gentleman, lets look at btc. the 4 hour chart has formed a head and shoulders patten which is currently breaking down, the elliot wave failed on the 5th wave.. it is wise to observe that the manner in which btc rallied out of the long term downtrend is super unhealthy for long term bullish movement and we can start to see this reverse now. we can expect to see some resistance from the top of the long term downtrend to form a new support.depending on how long btc takes to break down, we can expect 7600 -7400 range to be the most significant drop that btc can make and can possibly lock in our bottom unless we rebreak the channel, that would be VERY BAD for the long term growth. if you found my analysis insightful, informative and educational, please follow and share, if you didn't, please keep it to yourself its rude to gossip. cryptodad161 out!
BITMEX:BTCUSD.PShort
by reuben161
Bitcoin - First time in 4 months that I'm turning bullish! Though I'm not 100% bullish yet, I can honestly say that this is the first time in 4 long months that the charts are showing me some positive signs of turning bullish. Here's what I see: #1 - A break above the top of our long 4 month down-trending BLUE channel. This is the first time BTC has made this break. Barely, but the green shoots of BTC spring are showing. #2 - Our long-trending (+1yr) BLACK support has NOT been broken. This has held us up since MARCH 2017. #3 - We broke back above our 300 day moving average. This can now act as strong support for us. I think that this is the first time since December I have able to list at least 3 strongly positive signs that may be showing us Bitcoin may be starting to turn. Keep in mind, longer term trends needs a longer turning radius. I don't believe we will just turn on a dime. But if we can keep from re-entering this bearish channel. it is definitely a positive sign for good old BTC. The one thing we need to keep a close watch on this weekend is a re-entry back into the bearish channel. We still have not really had good confirmation on the daily that we are completely out of our bear channel. I believe if we are to completely clear this bear channel, BTC must break back above that 54 resistance on the RSI. And, we need a close above 7.9k and the close of Sunday's candle to stay above 7.8k for this confirmation. My sentiment remains neutral to cautiously optimistic at this point. Starting to turn bullish. Peace and happy trades my crypto friends.
BITSTAMP:BTCUSD
by stewdamus
9
OAS - Looking for a BreakoutOasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves. It also operates midstream services and a well services businesses. The company sells its oil and natural gas to refiners, marketers, and other purchasers that have access to pipeline and rail facilities. Oasis Petroleum Inc. was founded in 2007 and is headquartered in Houston, Texas. The company have strong fundamentals, Oasis Petroleum adds more acreage in Delaware Basin for $ 946 million. The company maintains that they have bought the land at a cheap price given the price of oil that remains above 60 dollars. They indicate that the price of the land with the operating costs indicates a price of $ 50 per barrel. After buying the land with the sale of shares investors believe that the price of buying the land is very high.
OLong
by ciscosimon
Could ETH/USD be forming a double bottom??? Time to get ready?Does this look like ETH is forming a double bottom? If so it could signal a reversal. Time to start watching this after the long decline I think. Watch for the final formation of the second bottom and then stand by for the breakout above $414 . A conservative target is $484 . Stop below the bottom of the "buns" at around $360 If this is indeed a true reversal then strap on and enjoy the ride! As usual these are just my thoughts. Do your own research and don't blindly follow anyone especially me. Please LIKE if this makes sense. If you no likey please leave a comment so I can learn why this is wrong. theredbaronZ
BITFINEX:ETHUSDLong
by theredbaronZ
1
HEATING OIL, CHANGE IN TREND!Alright, so I was actually expecting Heating Oil to go higher, however this didn't happen. I believe that prices could potentially go down to lows of 1.8800 however I would be very careful as prices are approaching our ''V'' Have a strong look at your volume indicators guys as prices approach our key level (1.9000) We could see a sharp reversal as prices approach the 1.9000 level, HOWEVER. Prices could of course reverse and take out our prior high at 2.0400 , to then reach lows of 1.8600. Let's wait and see what happens guys!
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by Graignm09