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Bitfinexbtc

How I Traded/Analyzed this last week 95% CorrectExcuse the breaths, I believe I have bronchitis. I use the replay feature to go over what I was looking at over part of this last week. I think it is pretty insightful and at the same time, shows how even though I have been right almost 100% on recent "if x does x scenarios" there are definitely times that I look at the chart and say: "I'm just not sure what is going on?" and need to wait to see what happens. I hope this is helpful and gives some insight. I think my way of trading is one of the easiest to pick up and is pattern recognition friendly, but because I do not have a lot of indicators, there is more importance on the movement of everything itself and somewhat the "fundamentals of the market" as opposed to the fundamentals of a crypto coin itself. Mainly, I ask myself "What pattern and movement will make this look the most bearish and bullish. If i had billions or millions of dollars, I would only reinforce the spots that look good for me, but I might also reinforce the spots that will make it look bad for the other side. So maybe a heavily weighted bear was buying BTC earlier to keep the price near the resistance, but not pushing it past that spot. Now they are creating more bears. Sometimes it is more bullish to go past the current price if the price just drops.
by TrendLINEBoys
BTC ADA TRX Update13 Minute update on these coins. This is what I think will happen and how it will happen. It is def worth the watch, even if you don't want to listen, briefly go through the video and look at what I look at. It is simple and informative AS LONG as you know how to interpret it. I've been right almost every time this last week. This guess on the movement is pretty ambitious though. So I am a little worried about it being wrong. Though, if one can read the dbl hull avg and the 200 smma (I forgot what it stood for =]) , any deviations should be easy to see.
BITFINEX:BTCUSD
by TrendLINEBoys
Bitfinex Completes Chainswap with EOSFinexBitfinex, a cryptocurrency exchange, in conjunction with EOSFinex, reported a complete chain swap. They successfully convert $5 million worth of Tether (USDT) stablecoins onto the EOS blockchain protocol. Based on a press release on October 5, the firms want to give the EOS DApp ecosystem with a stable and liquid store of value. And they aim to diminish the risks of digital assets’ volatility. CTO Paolo Ardoino stated, “Promising projects aren’t getting the light of the day with current congestion and volatility issues on other chains. And that is why there’s higher DApp usage on EOS.” He also added that EOS lacked a stablecoin, which might support these projects to manage exposure to price volatility. On the announcement, currently, peer-to-peer micropayment infrastructure of EOSIO powers 49% of the top 100 decentralized applications (DApps). And it is also of the top seven of the top 10 DApps with the highest 24-hour transaction activity. EOS Blockchain Protocol Meanwhile, in a report on October 4, users of EOS blockchain protocol have been experiencing recurring issues with network access. And this has been occurring for the past few weeks until now. In addition to that, a pseudonymous smart contract developer and security engineer Dexaran wrote an article recently. And they described the probable root of the problem. It is an inexpensive technique that lets hackers congest the network. Also, it could set into a low-efficiency mode, with a few dollars worth of EOS. Apparently, the said exploit gave the hacker a chance to steal over $110,000 in cryptocurrency. And it was from an EOS gambling application EOSPlay earlier in September. But EOS’s parent firm Block. one executive became unfazed. They even argued that the network is running properly. Moreover, stablecoin firm Tether and its affiliate exchange Bitfinex recently said they foresee a lawsuit – alleging USDT token being involved in market manipulation – as the result of yet unpublished researched.
CRYPTOCAP:USDT
by Financebroker
Need more clarity on Bitcoin? Weekly, Daily & Intraday StructureHope this is helpful! If you ever feel lost, always take a step back and look at the bigger picture for a technical structure. I'm not here to tell you what is going to happen but these levels might help you find your way. Weekly: - We found support on 200 week moving average late 2018 - Support also had confluence with 200% of light red pitchfork which provided resistance back in 2016 three times (including one false break) before a clean break and acceleration in early 2017 - Resistance clear with confluence of 200% red pitchfork , MEDIAN line of blue pitchfork , red/maroon 0.786 fib retracement and $6000 psychological level which has been tested numerous times during the bull run and the breakdown (watch for strong reaction) - Looking for a weekly close above this level (with acceleration in following weeks) to confirm a bullish picture - On a clean break higher look towards confluence of black 0.618 fib (approx $7700), 300% of red pitchfork and 25% of blue pitchfork - If we have a strong breakdown or exhaustion lower look confluence support at 0.786 fib (approx $4400) and -25% line of blue pitchfork - Below that we have confluence of yearly open and 100% of red pitchfork Daily: - Can clearly see market movement around both 200% of light red pitchfork and -25% of blue pitchfork - Resistance and support levels same as on weekly chart but we can clearly see the market movement around these levels - Additional downside support comes with 200 day moving average (pink line) Intraday: - For the day traders the green pitchfork tells the story - While the median line has a false break initially, once the resistance was broken it has stayed above the 100% line - We are currently ranging between 100% and 175% lines of this pitchfork - To confirm momentum we would need to stay above the 100% level or risk a larger correction - On a break higher levels are the same as weekly/daily level so I am looking for a test of the 200% line of green pitchfork and if we can accelerate towards 300% of this structure - On a correction I am looking at finding support on the 25% line or median line which has confluence with black 0.786 fib next week as well as the December high (approx $4400) If you do find this helpful let me know and I will share some more charts!
BITFINEX:BTCUSD
by UnknownUnicorn803510
Bitcoin Bears Coming Out Of The Woods...Good morning traders! We've added a new tool for you in the Bitcoin playbook. This is called a pitchfork, which has been one of the most accurate indicators on Bitcoin since early August. If you're wondering where all those random bounces are coming from, then this chart will give you all the info. Using a combination of the pitchfork and the fib levels from my previous analysis, we can see exactly why Bitcoin is doing what it is doing. The Median line of the pitch fork (dark black line) has been acting as an incredibly strong support for Bitcoin as it moves in a bullish channel. We can also see that the .618 (red zone) has been acting as strong resistance throughout this bitcoin rally and is now acting as support. Bitfinex is driving a majority of the price action, while other exchanges are not following suit. Price was rejected at the .382 level while there is a divergence on the 4 hour RSI (which we saw two days ago when price dropped to the median line.) We saw shorts move up 50% yesterday on Bitfinex as price was rejected from the .382 fib level. Shorts are not high enough yet to cause a short squeeze in my opinion. We are still in the rising wedge formation. Everytime price has gotten to the top of the pitch fork, it's been a great shorting opportunity. So with the rising wedge, the increasing shorts and the bearish divergence, we will most likely see a retest of the median line around ($6970.) SHORT TARGET: $6900. Tomorrow is labor day, so the futures market should still be closed, but when it opens we may get the gap pull back we were looking for. We don't typically like to trade weekends as volume is low and volatility is much higher. Hopefully this chart helps you in your trading. Make sure you like and comment with any questions.
BITFINEX:BTCUSDShort
by jacobcanfield
19
Bitcoin 4h - Bulls and Bears preparing for battle!Here is my bitcoin 4h showing targets for longs and shorts, I believe we are setting up for some major moves in the coming months. There is potential for a cup if the .382 holds, which would be the super bullish scenario . If we break 7190 after not holding 7280 range, then it is more likely that we retrace to previous resistance at 6800 range. If we get to 6800 range it is going to be the make or break. Trade safe, hope this can help you in some way!
BITMEX:BTCUSD.P
by MaxxCharts
BTC USD BITFINEX 4 HOUR !!!Strong high volume bounce just after the 4 hour bullish buy zone (swinging just below and closing above) reminded us to always leave some room with stop losses just in case we swing a bit lower, perfect example here to check orders books and look for big buy walls placing just underneath in this case 8190. If it falls through and stops you and still bounces and continues up its just unlucky, i do not suggest keep adjusting stops as when will it end ? you could just keep adjusting hoping for a bounce soon and that would HOPING!! Strong Bullish engulfing candle suggests some follow through i don't expect it to fail at the first orange 1 hour bearish sell zone but you never know! We are looking for good Risk Reward trades Perfect short trades will be BTC reaching a horizontal bearish zone like 8900 9000 and also touching the diagonal down trend line (that circle) Stop loss just above the 9000 Target will be depending on the pull back ( how fast we are pulling back ? bearish volume ? lack of buying ? If the bulls look weak on the pull back again falling through 8200 wouldn't be a surprise Obviously the perfect trade set up is rare i will update with smaller time frame 1hr,15 min chart setups for short positions, as i am typing this we look to be falling from the first bearish 1 hour zone (orange) Bullish trades Missing the bounce last night will leave it hard to find any good entry now, but i will update if i see any type of bullish setup which i doubt will happen
BITFINEX:BTCUSDShort
by Zaklowe1
BTC BITFINEX 4HOUR ZONES !! Possible Trades This is my first chart post i am by no means a charting wizard!! just simple ideas which i sometimes forget and it also helps me if i write them down and go over them myself :) A sell off like this with the bulls having very little control or ability to have any type of decent looking bounce cant leave many people confident to buy the next dips. The strong high volume bounces with reversal type candles and follow through look like they just ain't happening , with that being said #BTC has to have a nice bounce soon doesn't it ??? The 4 hour zones which we all should be anticipating some sort of decent reaction are 8450-8300 then 7900-7750, losing the last zone looks it could cause chaos with only a possible 4 hour and daily swing high turning into support 7500ish after that the best scenario looks like it would be consolidation for weeks or in between 7500 and 6000. A possible bullish trade today with decent R/R will be dropping below the the recent low without much follow through or bearish volume, dipping into or just above the green buy zone and then closing the hour back above 9510 leaving a swing failure/ bullish reversal candle on the 1 HOUR GRAPH, Stop loss would be below the previous candle and Target will be depending on the volume and overall strength, First resistance 8700, 8900,9000,9200,9400. 9400 Looks like a long shot and doubt it will happen without coming back down to form a higher low on the 4 hour but we do have this consensus news so you never know!! Bearish trades don't have the best R/R at the moment, but obviously shorting at the resistances will give you best R/R, shorting breakdowns now is risky as a bounce is possible any time soon The bearish trade i like most is if the next bounce plays out at 8450 #BTC manages to get into the 8900 9000 range, again depending on the state of the bounce, Was it strong ? high bull volume ? not much selling ? or did we crawl up ? low volume ? if we crawled up reach this box and look like #BTC is struggling then short with stop slighty above say 9070 just in case of a spike. Target will yet again depend on if the bulls are fighting back or look weak, !!! #BTC could easily go to lower lows with the look of the graph at the minute!!
BITFINEX:BTCUSD
by Zaklowe1
BTC still on bullish sideHi everyone from TV community, as I said, i'll continue doing trade analysis (TA) about bitcoin and another cryptocurrencies, until I broke or get millionaire (even if I get millionaire I'll still make analysis as reward for community hehe). So let's talk about BTC. This few days ago I was really believing that BTC would pass $10.000, until he found a huge resistance and step back, this made me loose a couple trades, I was entering on long positions, and I really not expected that fall on BTC, so it makes me sit on the computer, open some graphics and try to identify where was my mistake, we're humans, we loose sometimes and the deal of trade is maximize earnings and decrease losses, if u do that u might be very as successful on crypto market, cause the winnings are very high. After bitcon entered on the uptrend channel, crossing the daily downtred channel (yellow line) the price was bouncing on BB (bolinger bands), wich give as a reversal sign, but I did not consider that on my analisys, after the fall we're looking at a bearish flag (purple lines) but I don't think that this bull flag will end up, cause btc would enter again on the downtred channel (yellow line) and the market are bullish right now, and I think that enter again into the downtrend zone will not happen, so this zone between the downtred zone (yellon line) and the price (yellow circle) it'll give us serious responses about BTC price, that in my opinion still bullish and going to find $10.000 target this next week. About the indicators. ADX/DI - Is neutral, we've a cross down few days ago but now is stabilized RSI - Are in a great zone to give space for BTC go up next fell days, 39 is a good point cause it have until 70 to stay going up MACD - Also as ADX this cross has happen in a few days ago, now is also stabilized and winning some power to go up That's it my friend, I hope that my analysis helps you to take good choices and make you win some money If you want to stay noticed about bitcoin and other cryptos follow me and like the ideas. Thank you and good trades
BITFINEX:BTCUSDLong
by viczampa