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Btcdeath

Big picture, 1h, descending wedge.This is a rehash of a chart I posted on April 4th. This time I changed the timeline from 1 day to 1 hour. You can see a bit more detail this way. The chart is very simple. All I'm looking at here is how the price action is moving within this descending wedge and analyzing how strong prior supports have been and their association with fib retracement levels. As you can see, we did briefly breach the upper boundary of the wedge. But I don't think this is enough to truly reverse the trend. It is a good sign, however. Bulls are becoming exhausted. Support at 6500 is very strong. And we are just a few days away from seeing if this wedge is valid. What we truly can't guess is whether the price will break upwards, or downwards once the wedge is complete. Seeing as to how the entire market (even BTC bulls and shills) are talking about selling, I'd say that there is a decent chance of a trend reversal. And then a very long Cup and Handle may begin to form. We'll see. We are also seeing that the alt market is getting sick of being pushed around by the price of BTC. So, it's time for BTC to either be abandoned entirely so the superior tokens in the marketplace can thrive, or it's time for BTC to adapt and the price to at least stabilize and trade sideways / improve. Otherwise a day will come when it's too late and every other coin abandons BTC as their primary trading pair in favor of Tether or fiat. This would seal BTC's fate as the inferior token (which it is) and the market would move along without it. But this solution (which appears to be inevitable) will be a very long and drawn out process. It would be much simpler if we continued to use BTC as an intermediary token for the time being. In order for that to happen, it needs to break to the upside. If it's incapable of breaking upward, I'd go full Bear Mode on it. The lower BTC gets the more likely it is that it will not be able to recover. And, the more likely it is that Tether and fiat will just fill BTC's role and we can finally be free of it's toxic influence over the markets. People are noticing, and getting very tired of BTC's market dominance. More people are coming to adopt my view of BTC (as an inconvenient requirement to acquire superior coins). If BTC falls below 4,500, I won't be trading it anymore and I won't buy back into it. Instead I would have to keep my money in fiat and wait for the coins I actually want to invest in to become available for purchase using fiat. This could take years. Hopefully the faster method makes us all a bit of money. Good luck out there. Also, remember to Keep it Simple (stupid). :-p
BITFINEX:BTCUSD
by VanBenno
BTC - Stepping Back Taking a step back from all the short term ups and downs its looking like as long as we hold the 200 MA - which is a horizontal support level which also happens to be at the 0.835 level just as we did in the last spectacular bull run we will be fine. It looks like the bottom has already been put in, or will be very shortly and probably not under $3k - Or, if it is it shouldn't be for long. Probably a short spike day through the 200 MA for a few days (I Hope). I don't see $1k's like all of crypto Twitter is saying. Faaaar too many people now running around saying it like they've just known all along haha. Usually when everyone is saying something they are wrong. I believe this to be one of those cases. Usually if you are seeing something happen it's already too late to the game.....don't be a sheep. Of course, I could be very wrong too and we could just fall straight through the 200 MA and not see above it for the next decade.....or ever.... Time will tell, but the magic fib level historically seems to be the 0.835 - and we're already there with a cross on the Stochastics to the upside.... Fingers crossed - But I'm all in...................... 100x YOLO BABY
BNC:BLXLong
by Bond_OO7
BTCUSD TRIANGLE re-test?? BTC was situated into a triangle with a buy pressurse from bulls slide but they topped at 4045$+. Bears was keep this momentum and made a breakdown from this triangle and now is sitting into a big support at 4h timeframe Macd is below neutral zone-0- with a huge bearcross, RSI it s oversold and Stochastic also.About VPVR between 3771 and 3879 is a lot of resistance and a breakdown below this 3779$ will take us to 3453$ From here i m expecting a re-test of this triangle around 3876-3920$ and after probably will break down IF bulls will don t step in. From this chart very simple is to make a bearflag with triangle re-test and after make a breakdown.We will see how will play out.At the moment i m only watch market
COINBASE:BTCUSD
by CryptoC77
BTC USD BOTTOM SOONPlease give me a like if you have the same opinion BTC USD it s near the 1 MONTH Deathcross after we will reach the BOTTOM,same will happened in 2010 and also in 2015(january) MACD it s still overbought for a long time and RSI is below neutral zone We need MACD to going at neutral zone which is 0 and curbate slowly up to remain an overral/globally bullish market Huge support is at 2900-2100$ and this will be the bottom in my opinion because: -Triangle target is 2800$ -This will be the 86%+ decrease RSI near all time low
BITSTAMP:BTCUSDShort
by CryptoRomaniaTD
30