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Bitcoin IN Weekly Update (Bullish vs Bearish Potential)Let's take a look at Bitcoin weekly... Our analysis while looking at the weekly time frame/scale; one week per candlestick... Feel free to hit like now and let's get started... Bitcoin Weekly Chart Analysis by Alan Masters Brown dashed trendline: 1) First, let me call your attention to the dashed brown line above. This week candlestick is challenging this trendline and trading above it, a close above this level would give Bitcoin further bullish potential (increase its value/grow in price). A close below and we are likely to retest lower levels at $10,900 and possible $10,150 as well. EMA10 & TD Sequential: 2) EMA10 was tested and held nicely as support. Trading above EMA10 tells us that Bitcoin remains strong and we look to the side of the bulls. The TD Sequential started a new positive count. This is a great signal especially if the week can close above $11,480. Strong RSI: 3) The RSI is really strong at 70.39 and can move higher. We can see an ABC correction after a double top, after this correction another move up can show up. MACD showing bearish divergence 4) The MACD is on the bullish side and allows for additional growth, but, it is printing now bearish divergence. This divergence can be eliminated with a strong big green candle or it can become stronger... Right now it isn't as relevant, it all depends on how the week closes. My feeling of the market and charts The overall feeling I am getting is that Bitcoin (XBTUSD / BTCUSD / BTCEUR or BTC in general) will try to move higher, do some new peaks and consolidation sideways... There will be some bearish action but not as strong or long-lasting as we got used to in the past 2 years... Things will change now for the better, overall, and after September, we will see nice growth for the altcoins while Bitcoin remains strong. Strength will be the name of the game There will be ups and downs, as it is normal in every way, but the altcoins market and Bitcoin will be known by their growing strength... We might perceive it as weak sometimes or that some government can take it all away, but as the days, weeks and years continue to pass, strength will be the name of the game... "Bitcoin just became stronger". "Bitcoin is becoming solid, the market is gaining mayor strength". This is Alan Masters. Thanks a lot for reading... Namaste.
BITMEX:BTCUSD.P
by AlanSantana
bitcoin same old game once againhey guys, bitcoin price charts in small time frames are one of the most tricky things in technical analysis, seriously trust me, ive personally experienced this thing as an elliot wave analyst. but there're some patterns which appears again and again in bitcoin's chart, for example like the upper one. i've seen this tricky pattern a lot of time in bitcoin movement, first you get a double bottom and then a double top, and this pattern worked so well to rekt traders, when prices forms a bottom and then comes again to retest it lots of folks gets confident to break that level and go below, but then suddenly prices gets pump from those level and fomos looses their money, just opposite to that when prices forms a top and then again march towards that level bulls get so convinced to break and go above that but suddenly prices crashes, so in this of situations its better that we should wait for the price action confirmations. here we also getting a double top formation, basically we're now in flat correction which is normal behavior of wave 4, am still bearish as i've predicted in my analysis and remain bearish unless we break 8150 level, but there's a high probablity of going lower, as we'll soon move into wave 5, which could push the prices below 7000. thankyou
BITMEX:XBT
by Husain_Arkghazi
Bitcoin's Next Move (Short Term Keeping It Simple) Altcoins (IN)I will make it really simple for us (me and you) right now. Here is how this works... But wait, make sure to hit like before we get started... Ok, thanks a lot for the support, let's continue! We have been looking at EMA100 as main resistance, which is the blue line that has rejected Bitcoin's growth several times in the recent past. Looking at this moving average, we can come up with a few simple scenarios: 1) If EMA100 can be conquered, a close above it with good strength and volume. Bitcoin moves up and challenges the next resistance at $4300. If this one can be broken then $4640 is next. 2) If EMA100 can't be broken, Bitcoin goes back down to test EMA10/50. Pretty simple. My view: Volume is starting to grow on a Wednesday. The daily candle still has 11 more hours. So there is a big chance that Bitcoin can break EMA100 and continue with its move up, but instead of guessing, we will let the market decide. The RSI is really bullish now sitting at 60 and going higher. Altcoins Market Update Our altcoins continue to bless us with massive profits. I am sharing 10 charts daily with many different opportunities, make sure to visit my profile every day, hit like on everything and profit with us. Your support is truly appreciated. The biggest gainer is Everex (EVXBTC) with 460%+ profits in just 2 days. See all the details here: ETHOS (BQXBTC) is yet to move but has huge potential: Viberate (VIBBTC) gave us over 140% profits already: openANX (3rd Round), over 220%: Finally, let me share with you my latest Masters Level BitMEX trade for EOSM19, which generated over 147% ROE within 24 hours of sharing (more to come): More altcoins: Time New Bank (TNBBTC) +105% Tieron (TNTBTC) +61% Nuls (NULSBTC) +72% YOYOW (YOYOBTC) +35% Feel free to leave a comment if you have any questions or want to share anything with us. Your opinion is valuable and highly appreciated. This is Alan Masters. Namaste.
BITFINEX:BTCUSD
by AlanSantana
Bitcoin looks choppyI have chosen this ABCDE triangle wave as my primary count on the daily time frame, which also looks like an ascending wedge pattern wise. Ascending wedges are usually a bearish reversal pattern but can be used within a larger movement. So, technically my downside targets are near the wedge bottom ( USD 3100-3200 level) , where it'll be crucial to watch if the support holds or not. But , my current play on the shorter frame is long position with targets around USD 4350-4400 levels, where my E for this potential ABCDE ends. Although , its a riskier trade but I have a tight SL if the wedge breakdown is in play from right this point onwards. There's no such thing as being sure in the markets. Wedges can break from the upside too and that would be considered as very bullish. In that case, i'll spread my asks in USD 4900-5200 ranges with a tight SL. Still i ain't dreaming of such miracles atm . Count wise i'm banking on a small wave down after this potential ABCDE towards USD 3000 level , which might give us a small Y of a larger WXY down. This is my bullish scenario ofc. My Bearish case would put it around USD 1500 levels before the end of this correction.
KRAKEN:BTCUSDLong
by XtinCt
XBT/USD Short term viewBitcoin has been showing strong uptrend and has bounced strongly from the demand zone of $3100 level. Bullish Case: If it manages to break the $4100-4200 level in the coming days then it will continue its bullish trend till next resistance $4700+ level. Bearish Case: If it doesn't break the $4100-4200 level then we might price see price dipping to <$3500 level. It can also range between $3200-$4200 level before making significant move up or down. With Bakkt launching BTC contracts on 24th Jan'19, we might see a price jump but not necessarily.
BITMEX:BTCUSD.P
by coinswitch-trading
Bitcoin Price Action BULLISH +Altcoins Market Update -MOST READ!Good Day LOVE... And it is... (Note: This is the analysis that I shared before Bitcoins breakout) Hit LIKE and we start with some phrases coming out of the money people in this reality... And these people have lots of money; let's see what they have to say to newcomers like us (crypto-traders): "Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell." - Sir John Templeton "If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes." - Warren Buffet "Our favorite holding period is forever." - Warren Buffet (Good thing we agree with Mr. Buffet). And one more... "It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." - George Soros "Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected." - George Soros Market corrections, although they can be hard for many, specially beginners like us, are actually very healthy if you believe in the future of Bitcoin and Cryptocurrency... Why? Because we have to get rid of speculators and weak hands so that our market can keep on growing. So it can be painful now, but trust that growth is on its way... Namaste. NOW!... Let's to get started with this Bitcoin analysis. Bitcoin ( BTCUSD ) is looking at a falling wedge , we have good chance to break up but certain conditions need to be met first; we need a strong breakout and to start a close above EMA10 (green line). I say we have good chances because many bullish signals are starting to build up... So let's take a look at those. BTCUSD Bullish Signals Showing Up on the chart Decreasing momentum from the bears. Bullish divergence showing up on the MACD. Strong decrease in trading volume . RSI as oversold as it can get. (I once mentioned that Bitcoin would reverse when the RSI hit oversold... Oversold can be 15, 20, 25... But for Bitcoin this is beyond... take a look at the RSI and notice that it is the lowest that it has gone. This doesn't mean that the bear market is over, but it is surely a signal that we are really, really close - this is what I meant by oversold ). We have a 'falling wedge' pattern which is bullish . We might break this pattern "passively", sideways, before the move up... Our main resistance is the wedge trendline as well as EMA10 which hasn't been touched in the past two weeks... I haven't personally seen Bitcoin this depressed since 2014. But just as you have seen on TV, the quote goes as follow, and it is true... "Buy on fear, sell on greed." Chart & Price Action ( BTCUSD ) We find resistance on red rectangles, and yes, we find support on green. If you are on the bull side, you want a break of the falling wedge followed by EMA10 in order to start a meaningful move up. While if you are a bear, you would want a break of $3215 in order to continue this bear run. We also need to consider the possibility of some sideways action in the next few days... Since these markets are highly manipulated (like all markets) then all the signals can easily break, yet we have some really strong bear action, a relief rally is on its way. And what about the LONGS and SHORTS? Even though LONGS are increasing massively, 34% in the past two weeks, we have SHORTS near All Time High it is very likely they are about to get squeezed. (76% up since October) You know how our very simple strategy works... We get to buy low near the bottom, in order to sell high when the price goes up. It is no good idea to SHORT an altcoin/asset when the price is near a very strong support. Since Bitcoin has deprecated massively, the wiser choice is to go LONG. Continue reading below as this article goes on...
BITFINEX:BTCUSDEducation
by AlanSantana
Bitcoin Stop Loss Hunt... Or Bearish Downturn?Good afternoon traders! This is why you don’t long into resistance or short FA bullish. For the last 3 days I have insisted we stay flat and I’m extremely glad to say this is the only bitmex group root :tm: Bitmex Gains that has not been impatient to get into any plays that are clearly not there. And still if you didn;t join the group message me and i will help you out over the Telegram @SID_CySec I have been uploading daily analysis and market breakdowns for what the current market sentiment in premium while staying flat. If you are in a bitmex group that has been calling plays the last 3 days, I recommend you see yourself out of that group. They do not care about risk management and your capital.
BITMEX:BTCUSD.PShort
by God_Of_Profits
BTC Positive. Bull charged.Everything looks positive right now for BTCUSD as far as the technical indicators go. Beginning of "E wave". (ABCDE) 50day MA about to cross 100day MA. MACD turns bullish (Orange crossed blue). RSI uptrends. 8900 and 9800 are important levels to keep an eye for in the next few weeks. 8900 if broken confirms long-term bullish signal. (By 16-20th June) 8900 if bounced 5400 is in range. (By Mid of July) 9800 if bounced down can result in short-term correction. (By 2-6th July) 9800 if broken prices can reach ~12250 (By Mid of July) Thanks for your time. Happy trading. Personal Request. Hi guys, I am a crypto enthusiast and a Data Scientist(underpaid Indian) I have been active in crypto space since last August and I have been active on tradingview for more than 6 months now. I have recently quit my full-time job to pursue my higher studies which starts in September. I have been struggling with my finances required for it. I kindly request you all if possible please do make donations to support my education. Every drop helps. Please do make even if it is as less as a dollar. I am in a shortage of about 3700 Euros. You can reach me at sandeshgds@yahoo.com Thank you and I promise to post technical analysis and share my knowledge atleast once every week. Please accept my apologies if the above personal request was inappropriate. Donations: BTC - 34kiRPBp6pa71NUmr8NUfKuTqZk6fZPjHm ETH - 0xbacc83435b5576683fa151b6b794287fdf98a80e LTC - LWoRHbfL4CGgmeBQ1cMjsWFwthECKbtWWW This analysis is solely based on my knowledge and understanding of the market and not to be considered as financial advice.
COINBASE:BTCUSDLong
by Kingler
4
End of Consolidation. Next cycle underway.It was a crazy run downhill for Bitcoin this year. Most people(New investors) thought this could be the bubble and BTC will stumble and bleed. Things like these are said and proven false for over and over again. Especially, by the important financial figures out there. Looks like this is the end of the cycle from accumulation to crazy momentum uphill. Recently, BTC has failed to breach $9800 fib. But, A sweet triangle has formed and it is also the end of D wave (ABCDE wave). The Bull run is imminent at this point in time and the next cycle is about the get underway and the time is ripe for the new investors to step in. With the amount of attention crypto has received lately next cycle will be massive. However, There are 2 possibilities going forward. 1) It can drop to $7800 mark again and the steady rise follows it. 2) As it has already shaped up with 2 green candles straight could see a day or two of red and rise after that. For both the cases. We could see the top of around $12250 - $14260 in a matter of 10-15 days. Happy trading, Thanks for your time. Drop a like if you liked my analysis. I accept donations: BTC - 34kiRPBp6pa71NUmr8NUfKuTqZk6fZPjHm ETH - 0xbacc83435b5576683fa151b6b794287fdf98a80e LTC - LWoRHbfL4CGgmeBQ1cMjsWFwthECKbtWWW OMG - 0xbacc83435b5576683fa151b6b794287fdf98a80e This analysis is solely based on my knowledge and understanding of the market and social network patterns and must not be considered as an investment advice.
COINBASE:BTCUSDLong
by Kingler
3