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Bitcoin Bullish or Bearish ???Hi all !! Good day !! Hope you are doing well !! Bitcoin has formed two different patterns:- --------------------------------------------------------- 1. Ascending Triangle (Bullish) 2. Rising Wedge (Bearish) Bullish Points:- --------------------------------------------------------- 1. Formed Ascending Triangle 2. High Lows 3. Resistance 6.9k broken 4. Possible Bump & Run Breakout Bearish Points:- --------------------------------------------------------- 1. Formed Rising Wedge 2. Declining Volume 3. 50 Simple Moving Average Resistance 4. Bump & Run Resistance I'm waiting for the confirmation for breaking above the Bump & Run Resistance to be bullish or breaking below the uptrend support line to be bearish. I'm slightly inclining to the bearish side due to lack of volume. For more updates, follow me here . ~RPS~ Legal disclaimer: I am not a financial adviser. The advice here given is not a financial advice even though my excitement might make it look like such. When I say: "Buy/Sell now!" or "Do's and Don'ts" or something like that — it is my personal opinion. I do what I believe is right and at the end of the day I am just a person, not an expert. You trade at your own risk and nobody can guarantee you results. I post because I care.
BITSTAMP:BTCUSD
by praveensam001
Bitcoin Major Move Coming This Week - 3500 or 9100 ???Hi all !! Good day !! Hope you are doing well !! Most of the markets have crashed a lot in the month of March. The news media is trying to relate the pandemic COVID19 infection is the cause of panic selling. This is not true. The fundamentals and technical's failed to push the market price higher where professionals (smart money) look for it to trade or invest. Lot of buddies & followers contacted me that most of my SELL/SHORT calls in my previous posts saved them from huge losses. I'm happy that i could help them and looking forward to share more posts. Let's come to the bitcoin technical analysis. If you have confusion where the price will go, and, whether to go LONG or SHORT, don't worry; you have come to the right place. Currently, price action of bitcoin formed an Ascending Triangle which is a bullish pattern; sometimes it reacts as a continuation pattern. We have three probabilities of price action in the next two months, but we will get the confirmation of those probability moves within a week. Bitcoin has formed resistance zone between 6800 and 6950. 1. To push the price higher, bitcoin should break the resistance 6900 to hit my target 9100. 2. Meanwhile, when it does, watch out for a fake out move; the price many go till 7150 and come back quickly into the ascending triangle which is extremely bearish and take out previous low 3780. 3. When the uptrend support line is broken without breaking the resistance 6900, we will fall into the huge buy zone between 3000 and 4500. This is a huge range. I don't have enough data to tell the exact level. I will keep you posted in the comments section when I find the closest buy level. For more updates, follow me here . ~RPS~ Legal disclaimer: I am not a financial adviser. The advice here given is not a financial advice even though my excitement might make it look like such. When I say: "Buy/Sell now!" or "Do's and Don'ts" or something like that — it is my personal opinion. I do what I believe is right and at the end of the day I am just a person, not an expert. You trade at your own risk and nobody can guarantee you results. I post because I care.
by praveensam001
BITCOIN-BTCUSD Trading Strategy-1This Trading Strategy is for BTCUSD which is traded on BITSTAMP exchange. The aim of this strategy is to ride the market with its ebbs and flows. Link for the strategy: The strategy works best on 1 Hour timeframe. The results may very different depending upon time-frame and date range of your choice and different exchanges. Parameters details: 1. Trade Trigger - You can adjust it depending upon your risk management. Default value is 20. 2. Partial Profit Points – Part profit booking points. Default value is 350. 3. Lookback Period 1 – Default is 11. 4. Lookback Period 2 – Default is 5. The default trading quantity is 2. I have added functionality for part profit booking which increase profit and always keeps you in trade. Book 1 lot for certain points (350 points gives better results) and continue other with 1 lot till the position reversed. I have tested this indicator on 1 Hour time-frame on BITSTAMP exchange and the time period is maximum available on Tradingview. Period : 02/01/2019 to 30/03/2020. Points = $  17720.56 No. of trades = 129 % Profitable = 44.96% Profit Factor = 2.464 Sharpe Ratio = 0.674 For free trial, send me a private message in order to access this script. Thanks © allanster for Date Range functionality and ©LonesomeTheBlue for non-repaint concepts. Disclaimer: This script/strategy is for educational and information purpose only. The author of this script/strategy will not accept any liability for loss or damage as a result of reliance on the information contained in the charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.
BITSTAMP:BTCUSD
by AdityaTechTrader
Is Bitcoin correction really over, or is it a Bull trap?isn't that happen too quickly, i mean just before around 40 days bitcoin prices pumped meteorically from 4200 to 4800 on a rumor of a fake news which was circulated as april fool joke that SEC approves Bitcoin's ETF, and weird thing is that no one panics even after this news was refute. recently we've also seen the tether fud which could have great impact on prices, but simply nothing happened, prices just kept gone pushing higher and higher. clearly big money is buying aggressively right now and most likely this volume is coming from stock market. recently S&P500 has made it's ath around 2950 and lots of investors are taking advantage of this rally and cashing out their profits, why? if you look at current situation of geopolitics you'll see the US-China trade war and tensions between US & Iran both of this situation has put the markets under heavy pressure and fear, fear of a war in middle east and ongoing trade war with China. so which must be the best asset for this freshly released money from stock markets? clearly Bitcoin, three imp reasons, undervalued, high liquidity and massive growth potential due to limited supply. obviously gold, silver and other precious metals are also good option, but Bitcoin is Bitcoin. now am not saying that this is the major reason of bitcoin's rally, that's my own hypothesis, but this could be a major reason most likely. now for a minute if we assume that above theory is the major cause than this rally is the result of fear in stock markets. that means big money which is cashing out could be wrong, and i think probably this rally will end up like a bull trap and we'll see another major low in future, i'll explain it but first don't assume that i am bearish on Bitcoin definitely not, actually most of the analysts including me will tell you that the next major bull run in Bitcoin has started and it confirmed after prices broke and hold 6450 level, and am 60% sure on this, but now we're looking on other side of coin. this rally in bitcoin could fail if stock markets keep moving forward which mostly depends on geopolitics and policies of trump administrations. now I personally think that Donald Trump won't take decisions which are not in favor of markets and economy, coz he had already said earlier that, "war in middle east was a big fat mistake", i think Trump is putting pressure on China and Iran, so he can make better deal with his own terms. you'll get this point if you read the book "The Art of The Deal" by Donald J Trump. if you read this book you'll see that Donald trump likes to create leverage, he likes to have psychological advantage over his opponent. note this points from the book, "My style of deal making is quite simple and straightforward. I aim very high and then I just keep pushing and pushing and pushing to get what I'm after" "The worst thing you can possibly do in a deal is seem desperate to make it. That makes the other guy smell blood, and then you're dead" clearly from above points we could assume what Trump administration is actually trying to do, they keep pushing and pushing with trade war and sanctions against China and Iran, until they became so desperate to deal with the US. If Trump administration succeed to make a fair deal with Iran and China, which I hopefully they do, than stock markets will again start to emerge and most likely we could see a huge dump in Bitcoin. now moving towards the chart as you can see that we've completed the first supercycle of Bitcoin and now most likely we're in ABC major corrective wave. now if the ABC corrective wave has ended on 3200 level in Dec 2018, note that this whole major correction took 364 days to complete, whereas corrective wave 4 of 2014-15 took 630 days, that means wave 4 was 1.73x larger than whole ABC corrective wave, now it's not violating the Elliot wave rules but usually that doesn't happen, you'll also notice that ABC corrective wave was the shortest correction -84%, whereas wave 2 retraced -93% and wave 4 retraced -86%. talking about the moving averages you'll see that in wave 4 (2014-15) prices drop to 200 SMA than rallied to 55 EMA and fall back to 200 SMA retested support levels and then rallied for wave 5. but nothing like this happened in 2019, prices fall towards 200 SMA and then rallied, break 55 EMA, most of the analysts were expecting a drop from 4200 level to retest 200 SMA, but that doesn't happen. now things like this in chart analysis creates doubt on price movements, I see there's a probability of a double zigzag formation, and probably we're now in wave X which goes against the trend and end up as a Bull trap. a normal Wave X goes upto 61.8% of total ABC corrective wave or the wave W, which in this case is around 13500, so the current price movement can go upto 13500 level and if the wave X ends up there than a new wave Y will start from there. usually major corrective waves ends at the top of wave 3 or the bottom of wave 4. but I think that the top of wave 3 around 1100 could be the end of wave Y, or the major bottom of Bitcoin, but if this theory is correct than this whole process could take upto 2 years to complete, and than probably we could see the next major bull run in Bitcoin. thanks for reading, this is Husain Zabir signing out...
BNC:BLXShort
by Husain_Arkghazi
38
BITCOIN BTC EXTENDED BEAR MARKET !!!Hi all !! Good day! I have been posting to warn the retail investors foreseeing the risks in the markets. Here is BITCOIN for you. I have plotted how the BTC market could choose to behave over the period of time where no-one can predict. But I believe the downside target is between 750 - 1150 USD. With this target, I have tried different patterns and waves. And, the one in the chart perfectly fits my downside target. Peak Price: 20,000 Current Price: 5,060 Price Fall Target: 750 - 1150 I wish this shouldn't happen. Yet, i can't deny the fact what i see in the chart. For more updates, follow me here . ~RPS~ Legal disclaimer: I am not a financial adviser. The advice here given is not a financial advice even though my excitement might make it look like such. When I say: "Buy/Sell now!" or "Do's and Don'ts" or something like that — it is my personal opinion. I do what I believe is right and at the end of the day I am just a person, not an expert. You trade at your own risk and nobody can guarantee you results. I post because I care.
BITSTAMP:BTCUSDShort
by praveensam001
Bitcoin, Altcoins Market & Halving Prediction | Next In Q1 2020?We are seeing some really good bullish action from Bitcoin and many are wondering what will happen next! The altcoins have been growing in the tune of 100-200%, and many growing 300-500% and even more... As these many altcoins pairs and project correct/retrace, money flows out and moves to Bitcoin as Bitcoin grows. The Bitcoin Halving event is expected to take place in May 2020. Now, even though the halving is always viewed as a bullish event, what happens before it is a strong drop/crash in prices. So we are seeing Bitcoin prices move up now so they can have one final strong bearish leg before/during halving, in order to produce strong long-term sustained growth afterward. When the current bull rally ends and a peak is reached for Bitcoin, the retrace/correction follows and that's when the turn for the altcoins will come. If it takes Bitcoin 3 months to complete the final bearish wave, just as an example, you can expect 3 months of astonishingly strong altcoins bullish action. This is just a general market prediction and not a technical analysis nor a signal to take action. For any buy/sell decision, remember to do your own research and always have a plan before you decide to trade. This is Alan Masters... Thanks a lot for your support. Namaste. -- Previous analysis -- We've Seen This Pattern Before! Bitcoin Can Hit $9,000+ Next Bitcoin's First 2020 Very Strong Signal, Bullish Engulfing (Q1$) Bitcoin Breaks Another Barrier (Signals) | $7700 - $7990 Next!
by AlanSantana
Bitcoin To $10,000+ In Dec. Pt.2 | Altcoins Market UpdateBitcoin (BTCUSD) starts to bounce and we have good volume coming in. Our last trade idea mentions a $10,000+ Bitcoin in December 2019... You can take a look at it here | Bitcoin Going To $10K December | Will It Go Lower First? BTCUSD Early Bullish Chart Signals Above-average volume coming in for the bulls (Needs daily closure for confirmation). Hidden bullish divergence on the RSI. Reversal candlestick being printed... These signals still need more time for confirmation, but Bitcoin is looking like its ready to change course and start to climb up. Conditions for change Naturally, if the last low at $6515 is broken, the above signals become invalid. Altcoins Market Update The Altcoins market continues to grow. Today we are having some really, really massive bullish action for many altcoins pairs. We saw this coming months ago and appreciate your continued support... Now we can enjoy the profits. Much more will come, here are some charts with recent results: PATIENCE IS KEY! ------------- DATABTC (+1387%) KEYBTC (+360%) SNMBTC (+205%) NAVBTC (+156%) WPRBTC (+12%) You can expect the altcoins vs bitcoin pairs (ALTSBTC) to continue growing for a very long time... This is Alan Masters... Thanks a lot for your continued support. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
2
Will Bitcoin Bounce And Move Higher Right Now? | Here Is Why!Bitcoin (BTCUSD) hit a low on the 30-Sept. and has been moving higher, slowly, since... A peak price was hit yesterday (11-Oct.) at $8,820 with a long-wick/huge rejection candlestick. But still, we believe Bitcoin will bounce and move higher, why? The volume on the drop is really low... Bears are lacking strength. If Bitcoin drops some more and there is still no volume, then the bounce is guaranteed. The RSI is still doing good above 40. Not strong but still good if above 44, right now it is 47.97. Note: The blue rectangle is the potential sideways path for Bitcoin if it decides to do some sideways consolidation. Multiple scenarios are drawn on the chart... Where do you think Bitcoin is headed next? Share your thoughts and charts in the comments section below. Thanks a lot for reading. This is Alan Masters. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
Bitcoin Changes Sentiment | Bullish Or Bearish Now? | AltcoinsIs the Bitcoin (BTCUSD) chart changing? Have we gone from bullish to bearish short-term after we hit 3 targets for our last BTCUSD trade? Let's take a look... Feel free to hit like if you want to now show your support. ______ On the chart above we have the 'UPPER TRENDLINE' and 'LOWER TRENDLINE'... This is the range in which Bitcoin is trading right now. First, keeping it simple: 1) If prices move above the 'UPPER TRENDLINE', Bitcoin can move higher and reach our next target at $8550 and beyond. 2) If prices move below the 'LOWER TRENDLINE', Bitcoin can move lower and test the last low at $7720. 3) If Bitcoin can't break either trendline, we are likely to see its price moving within the range mentioned above... This is likely to happen since the altcoins are growing and Bitcoin sideways is good for Altcoins growth. Bitcoin continues looking good, solid and strong. This short-term analysis has a few mixed signals, so we have to wait to see what the next move does... In the meantime, many altcoins are having a very strong wake-up call... Altcoins Market Update I mentioned several months back about the altcoins hitting a low and starting to grow for months to come... All those altcoins that hit a low back in August 2019, have been either consolidating or growing since their new ATL hit. Now, there are some altcoins that are still going down and recently hit new lows (late September), but these pairs as well are now consolidating and many are having strong moves up. The altcoins market continues to heat up... If you missed one opportunity, do not worry, many more will come. Even if you see huge growth, remember that this is only the beginning... And if you are reading this now, buying/trading, then you are already a winner, since you managed to catch the bottom of the altcoins market before the next run. Thanks a lot for your continued support. Namaste.
BITSTAMP:BTCUSD
by AlanSantana