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Bitfinex

Could This Bullish Break Take XLM to .95?!Let's break down what I see on COINBASE:XLMUSD on the 4Hr Chart! Based on the Rally from the Low @ .089 to the Multi-Year High @ .633, we can see Price fell into a Pennant Pattern, First making a Retracement to .425 or the 38.2% Fibonacci Level to find Support then found Support again at .505 or the 23.6% Fibonacci Level. Price has given us a Break of the Falling Resistance and upon the opening of the 4H & 1H Candle, Retested the Break of Falling Resistance. Now the Rally generated from the Low @ .229 to the High @ .633 was a ~ .40 or 175% increase. -If Bulls are able to hold Price above the .50 - .54 area, that .40 movement or potential 74% increase in Price from the Point of Break could lead us to the Potential Target of .95!
BITFINEX:XLMUSDLong
by Novi_Fibonacci
1
🅱️ (₿) Money Tightening vs Money Easing | Nothing Else PossibleFriends, please, spare a minute and let me ask you a few a questions... You are a hard-working, very smart, likely good looking, adult-human being... First, how are you doing this Saturday? I hope everything is good with you. Now, back to business... Money tightening and money easing... Is that really it? Has our reality shrink to just this, our thinking, our perception? Has the world of market analysts been reduced to this, just one option, nothing more? One option only, nothing more... There is either money tightening or money easing, the rest is impossible!!! Really? Have we gotten to the point where the only thing that can possibly affect our highly messed up, highly indebted, highly intertwined global financial markets is money tightening and money easing? No other possibilities? Have we been so brainwashed by the media and politicians that we cannot even think about one different potential scenario? Change! Nothing folks, really? Let me tell you something... Whatever it is that you are believing based on this exceedingly narrow view is not going to happen, what is going to happen is going to be something different. The world money supply is infinite. Bitcoin doesn't need 0.0000 whatever percent of whatever interest rate to this or to do that, the owners and creators of Bitcoin created this network with a very clear purpose in mind... They are playing the game but don't be fooled for one minute that the only possible scenario that can happen in this situation, in this lifetime is what the mainstream media has to say. When has the mainstream media been right about finance? When has the mainstream media been right about anything? When has any politician made an accurate financial prediction in the history of this universe? And now you are going to follow blindly whatever the dinosaur media has to say? Things will change... Get ready, adapt and prepare. Are you going to get caught off guard? 🅱️ ₿ If 2018/19 Repeats... The Bitcoin Bottom Is In ($48,000 Within Months!) Namaste.
BITFINEX:BTCUSDLong
by MasterAnanda
15
🅱️ ₿ If 2018/19 Repeats, The Bitcoin Bottom Is In, $48K Next!Here is the chart for what happened back in 2018/2019... I have many friends saying that they can't see a bitcoin bottom, $11k or $6k, before July because the relief rally is going to last longer than what we will expect, taking Q1 and Q2... But if the relief rally goes for Q1/Q2 2023 then we will get a strong wave that will end in a higher low rather than a lower low, just like it happened back in 2018/2019... If this pattern repeats, the bitcoin bottom is in... Let's have a look. Feel free to Boost/Like! 🚀👍 Bitcoin 2018/2019 Chart #1 | We have the capitulation event that lead to a new low in Dec 2018. #2 | A consolidation phase takes place. #3 | A strong relief rally takes place until June. #4 | A higher low after the strong relief rally. #5 | Beginning of long-term growth (2020). Bitcoin 2022/2023 Chart #1 | We have the capitulation event where prices are cut in half and leads to a new low in Nov 2022. #2 | A consolidation phase takes place. #3 | A strong relief rally takes place until June. (This would push prices to $48,000 if the pattern repeats). #4 | A higher low after the strong relief rally. #5 | Beginning of long-term growth (2024). Here is the chart: This is just bear speculation of course but it is possible... Q1/Q2 2023 bullish and the rest is history. We were focused on a relief rally Q1 only this year but hey... Let's open our perspective a little bit and also consider the good side since we are bulls after all. We are here because we like bitcoin and Bitcoin has always done better than anybody expect or can predict, bitcoin always surprises and steals the show. Namaste.
BITFINEX:BTCUSDLong
by MasterAnanda
89
BTC. 39.5k-->42k-->38k-->Moon?Summary of 20 minute video: PA looks horrible as usual. We never seem to hit the targets that need to be hit for the price to go up. I am still bullish on BTC, but the buy spot was the week start of Nov 20th, not now. Anyway, I think we go to 42.6k, then 39.5 (oversold wick because of stop losses and then come back above ~40,300 and find support on the 12HR 500 hull and pushing back to this 42k level before dropping again. The reason why I would assume that the price would drop again is that the week timeframe looks bad at the point and may need to come down. Really from there I still think its a matter of coming back up to drop down towards the day time frame hulls. They are currently at 36k and 36.8k, but are increasing at a rate of about 120 dollars a day. So it will not take long for them to get above the week TF hulls (37k and 37.6k) to provide good support and finally move upwards. I did not mention it, but I do think the dollar should have dropped more. It is currently hard to see it really pushing up too much and back into the Week TF hull range. Thus, I wouldn't be surprised if the dollar goes back up, just to fail again. aaaaanyway. I go more into detail in the video.
BITFINEX:BTCUSDShort
by TrendLINEBoys
What Leveraged Bitcoin Is Doing In This MoveA derivative indicator I have used for many years to analyze Bitcoin is the BITFINEX:BTCUSDLONGS symbol on Tradingview which displays the number of Bitcoins held in Leveraged Long positions on the Bitfinex platform. This is an indicator of the aggregate long positions held on margin on the platform. It can be used to see what speculative position holders are doing. Recently, during this run up in the price of INDEX:BTCUSD it seems that the Leveraged positions have begun to unwind by taking profit. They are down -23.5% as of today from the start of November 2023. Analyzing this chart is different to On-Chain Analysis because the Bitcoin involved are all stored internally at Bitfinex. No new Bitcoin are created (because they cannot be) by taking these positions. Rather the Bitcoin that are custodied on Bitfinex and put up for the ability for other traders to borrow and the owners to earn interest are involved in the count. A few takeaways: After months of holding leveraged long positions these traders are taking their profits into this move. By having less exposure on margin the risk of a liquidation event (and liquidation candle) is diminished. Leveraged Long positions are net negative meaning that leveraged positions are not the cause of this upward move.
INDEX:BTCUSD
by norok
9
WBT vs LEO | +850%?? | WhiteBIT vs BitfinexDon't show it to anyone, so that there is someone to sell it to at a high price! Decided to compare asset charts to both BTC and USD pairs. It’s interesting that even the charts with BTC pair are very similar: in terms of timing, visually, etc. LEO — token from bitfinex that makes a buyout of tokens and burns them WBT — a token from whitebit, makes a buyout of tokens and burns them LEO — does not have a futures pair, only spot WBT — has no futures pair, only spot LEO — BUY signal on Real Charts from the SemanticRSI indicator after the first correction. After that, there was constant slow growth (I think due to the constant redemption of tokens). Then strong growth in the active market +850% WBT — the same signal LEO — launch in 2019 at the bottom of the market WBT — launch in 2022 at the bottom of the market Interesting: perhaps strategic m-making is like in football, there are certain strategies of the game that are chosen according to the technical and fundamental characteristics of the team Details: assets don’t have much liquidity. You may say "this is a problem!". However... study the trading volume of LEO. You will see that during the period of slow growth, the volume was ~$15 million/day, and then it grew as actively as possible throughout the year with a volume 10-15 times less. PS: +850% growth for WBT is a price of $50+ 😳
Long
by sholi_software
TRB CAN FALL SAME AS SOLANA AND BNX DID.. Below $100Thanks for reading this update, remember that this update is not trading advice, but a chart view of what we expect. We expect that TRB is going to break down in the coming time, there is nothing riskier in trading than the fomo volume. We have added before about the increased volume since this coin is a t $48 , the most TRB Volumes that are running now are from Bika . And Bika is not a holding platform. Binance was also the top holder of BNX.. By this previous update, we did expect an increase before it happened from $48. Since today and depending on our study on this coin seems that it has a high chance of falling, we expect that it can fall below $100 The same effect that BNX and Solana have done before, this coin can do similar. Further, this coin doesn't have a maximum supply, which means there can be added unlimited new coins that can affect the price action, and the exchange that did pump this coin is known to take profit exchange. Trading TRB is very risky, it can have a time of pumping when the price time frame of increase is over, and it can enter into a fall. Our study is done with high tools, including the technical view of the coin and the data of whale transactions and volume range study.
Short
by SatochiTrader
2
BTC ON THE RISK ZONE BACK TO BELOW 30K (CRASH)BTC did increase with the least news and confirmed the important level of 30500, BTC still has a high risk for breakdown since the last world trends and Dow Jones expects on range that can meet the corona times effect when the USA charts did crash. For day trading BTC could be an option, for holding we expect that there is a good chance BTC can get a recovery below 30K again. Not every increase is a confirmed increase, some times a new increase brings more high breakdown volumes. Every high BTC crash did start with a break increase. Thank you for reading our update. Please remember that this is not advice for trading.
Short
by SatochiTrader
6
Bitfinex's LEO Token: An Unconventional Investment OpportunityAs I made a case for FTT and have made a case for COIN and GBTC before, I want to keep sharing some unique charts and cases. Again, my FTT idea was banned (from a little mistake), so I just reposted it and want to continue with more special cases. By special cases, I mean stuff that looks weird, infeasible, or tricky, where sentiment is leaning against my case, while there could be a significant catalyst that helps the trade. In my previous ideas, I went deep on some of those, and in the idea below, I shared some extra ones, like LEO. For example, FTT had people very negative about FTX being bankrupt, yet FTX might be revived, boosting the token's price. COIN had everyone bearish due to the SEC lawsuit, yet it's pumping hard, as most of the news was priced in, and Coinbase might win against the SEC. GBTC had a massive discount as everyone was bearish and worried, yet an ETF is coming. So what about LEO? LEO is a token created by Bitfinex, an exchange token with some 'special' rights. Those rights are that if Bitfinex gets the 2016 hacked coins back, it will distribute 80% to LEO holders. The FBI caught the hackers 1-1.5 years ago and is sitting on those coins. I assume that it will eventually give Bitfinex the coins back. If they don't, LEO will crash, but if they do, LEO could easily do a 2-3x from here. As you can see in the chart above, if the price of LEOBTC goes up to the highs it reached when the FBI caught the hackers, that's a 150% increase. Is it reasonable? The current market cap of LEO, in BTC terms, is 120k BTC. The hacked coins were 120k BTC. 80% of that is 96k BTC will go into buying back LEO tokens, and the rest to the Bitfinex team and shareholders. I expect that Bitfinex will get a big boost from this. As Binance is in a bad state, Bitfinex could capitalize on this opportunity. They have been making tremendous progress on many fronts, and I believe that this could be a significant catalyst. Giving 3B back to LEO holders and Shareholders is massive. The publicity will be huge too. The main issue against my idea is that LEO is the second biggest exchange token, yet Bitfinex isn't in the top exchanges by real volume. That means that, to a large extent, LEO has the return of the coins priced in because its price would otherwise not be so high. In my opinion, there is a chance that they will give the coins back to Bitfinex holders, potentially before the launch of the ETF, to cause selling pressure on the Bitcoin price. As BTC faces selling pressure from several 'sides' (Mt.Gox, US gov, Bitfinex, Bankrupt companies), prominent players/whales may use that opportunity to scoop cheap coins before the ETF launch.
BITFINEX:LEOUSDLong
by BitcoinMacro
EOS/USD 1W. Basic trend. Potentials and manipulations.Here's the EOS/USD 1W Chart on Bitfinex(long history). Right now we can see the horizontal channel forming. In this channel harmonic pattern on daily TF formed and worked out the first target, which is the middle of this local horizontal accumulation channel, in terms of 1w TF. Now we're near the support of this channel 0.86$. Recently the big amount of EOS were deposited on the exchanges. Showed the classical potential manipulation - look. On the bottom we have the support zone. Also it's 0/61(16)$ zone which often acts as bottom. This 0.61$ zone is -25% from the current support which is basic percent for pulling out stop losses. Though, if the market gives an "opportunity" it can dump further. The global support is 0.5$. This is also a possibility. And if on the moment it's very scary - the price can drop up to 0.36, which is also -25% but from the main support 0.5$. It will be 0.36 $ zone. Still, the potential is very good. Shown the potential distribution(local distribution) zone on chart. Those are - 2.5$; 5$ and then maybe 15$ but probably not in this local cycle. You can potentially work martingale in this type of situation, which means buy more if price drops.
BITFINEX:EOSUSDLong
by TradingTsar
6
✴️Ethereum Classic Will Also Recover (222% Possible Higher high)Volume is one of the strongest indicator and can help you clear any doubts. Ethereum Classic (ETCUSD) hit a higher low compared to June (5 months ago) but how to know if it will recover here or continue lower? Here we use the volume indicator. Notice how trading volume continues to diminish, it goes lower and lower. That's your signal. It means the current trend is losing strength. Since the mid-term trend is bearish, as it loses strength things can turn and ETCUSD reverse. Higher lows can lead to higher highs. Over 222% possible on a higher high. Easy 50% to 80%+ on a bounce. You still need a plan to trade and your own research. The support levels are marked with blue on the chart and can be used as a stop-loss. These analyzes are not intended as financial advice. Thank you for reading. Remember to boost 🚀 Namaste.
BITFINEX:ETCUSDLong
by MasterAnanda
3
🅱️ (₿) Bitcoin Monthly Points To $23.1K to $24.1K Minimum...Bitcoins monthly RSI hit its lowest level ever in December 2022 and is showing a hidden bullish divergence that is 7+ years old, since 2015. Here is the chart: Looking at the moving averages, the Fib. extension numbers and the current monthly candle, we see the potential for a bounce/recovery/relief rally that will push prices up to $19,200, followed by $21,495 and finally around $24,150. The main range we are aiming for in this monthly timeframe is $23,125 to $24,200. It can go higher and hit $27,000 but we will have to wait and see... What sort of developments/events will show up that will push prices up. One things is certain, when bitcoin start going it won't look back, it will go on and on and on. Namaste.
BITFINEX:BTCUSDLong
by MasterAnanda
2
60k July forecast - and the end of Bitcoin Cycles is coming.The Bitcoin cycles get really repetitive once you layout the movements like I have here we start to see the patterns it creates. I don't daily trade I don't recommend you to either, open your mind to a further time frame and setup prior to these movements giving you freedom to use lower leverage if you do trade. I use the L-MACD (Logarithmic Moving Average Convergence/Divergence) with a simple trend line plotted at .20 points, what we can notice here with the momentum oscillator below 0.20 points is where Bitcoin trends for a good amount of months before making a fast rapid return to the average of the 0.20 trend line. A return the trend line repeating historic movements would put Bitcoin at around $60,000 by July-Aug 2023. Note the future bar lines are to be used for total days of movement prior to a bull market not the dollar values. Where I positioned the red pin is where we should expect a red X to occur with momentum shifting from bearish to neutral, neutral then to bullish. What people really forget about previous cycles is the 1/2 years prior to the peak of the market a very strong accumulation occurs, its happening right now. Don't be misguided by the second peak in the market it is irrelevant to the overall growth and movement of Bitcoin, every cycle has its theme and painting of a different picture but ultimately resulting in the same movement and growth into the next cycle. When we return to $60,000 by July-Aug what would the high be in 2025-2026? lets take a look at previous psychology ----------------------------- 2011 $2.17 x570 2013 $1,240 ----------------------------- 2015 $164 x120 2017 $19,770 ----------------------------- 2020 $3,800 x18 2021 $69,000 ----------------------------- 2022 $15,000 x72 2025 ? ($1,080,000) ----------------------------- Elephant in the room, end of cycles is it coming? sadly yes. I hope we all can see the world past 2040 where "Bitcoin Cycles" will be seen as a period where this all started, kids of the future will wish they was around to see this unfolding in real time, some of course will think they could have made fortunes from it. Although Bitcoin Cycles will end, bull & bear markets will not. Eventually Bitcoin will be worth $25,000,000 a single coin a lot compared to today's value right? but even a 1x of the future puts $25,000,000 to $50,000,000 that will be the new growth over decades. The period where large financial institutions and wealthy sovereign states make the leap of allocating and becoming a holder of Bitcoin is where we will likely see a gigantic move unlike any other previously, this allocation once regulation is fully in place will shoot Bitcoins price beyond your imagination, this will sadly mark the end of the Bitcoin Cycles era and begin a new phase where bull markets last 10 years and bear markets 5 for example. The final point to make here, we all have this information right in front of us, the network works and continues to grow stronger, governments are adopting Bitcoin, Gary Gensler marks it as a commodity, the largest institutions in the world have noted they are going to allocate with their funds and with clients once regulations finish the frame work. Fidelity 4.5 trillion USD AUM Blackrock 10 trillion USD AUM Charles Schwab 7.13 trillion USD AUM to name a few I see projections for cycles that even out around 2040, but what if this happens in 2030? that would mean a gigantic parabolic move comes before 2030 and Bitcoin could be in a bear market till 2035, 2020-2021 based on history with Bitcoin was the smaller cycle, the next cycle should be bigger and possibly could be the last. Good luck and HODL.
INDEX:BTCUSDLong
by FederalXBT
3
🅱️ No Volume, Bitcoin Hits New 10 Years Low | Weekly MACD Bitcoin's weekly MACD has only been below zero a few times in its life... Here we see this event happening between May 2018 to April 2019. From April 2019 Bitcoin grew until November 2021... OK! Here is the chart: The weekly MACD for BTCUSD hit its lowest level ever in July 2022 and now is trending up as if it is the end of the world. It is reaching up to heaven. The lower low on the MACD gives up a strong signal but we won't go into it. The MACD histogram has been green since August 2022, alerting those who are on the lookout. We can draw a trendline on the MACD from the top of April 2021 and we can see that this downtrend has been broken. We can even call it a falling wedge pattern: The MACD is set to go bullish soon... As the MACD goes higher, Bitcoin's price will grow. The MACD is a lagging indicator, so it is lagging behind the current price yet it gave us the signal in July and August when it started to go up. Next weeks candle is expected to be stronger than this one... Or crash to hell and new lows? Namaste.
BITFINEX:BTCUSDLong
by MasterAnanda
65