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Btcsd

BITCOIN is creating a potential Cup & Handle formation.BTC is currently, potentially creating a smaller Cup & Handle formation. (In white) And, a potentially larger Cup & Handle formation. (In Blue) Bitcoin has been on an absolute tear the past few days, and these formations could come into play down the road if price action continues to fill them out. Whether it will be the smaller (White) Cup & Handle, the larger (Blue), or a Cup & Handle pattern at all remains to be seen, but will become clearer in the coming weeks/months. These formations are speculation at this point, but I just wanted to point out the potential for each to occur down the road if the current trend continues. Good luck, and always use a stop loss.
Long
by MetaShackle
Bitcoin : US Dollar - Marked RecapHello guys, hope you're having a good day. After a pretty successful week where all the targets on BTC:USD which were covered on the previous article has been finally met, let's get into another breakdown and try to predict further potential movements on this pair. Starting off with the weekly time-frame after rocketing to the 9500 level, you can see that this particular resistance did hold pretty well that resulted with a reversal back to 8700 support a break of which will be taking us all the way to the 8000. However judging by the importance of the 8700 support, I believe that we should be anticipating few spikes to the upside before going lower to retest the 8000 level where I believe bulls should kick off and take a full control of the market before the 2019 EOY. Taking it down to the daily time-frame we finally broke below the consolidation area which we struggled to break out from for days, that resulted with a retest of the consolidation zone and an immediate meltdown to the 8700 support. If we maintain to hold above this support I believe we will be heading towards 9000-9200 for a retest - thus correlating with the weekly analysis mentioned above. However if we see a clean break and close below 8700 on the daily the 8000 level will be closer than ever for an one last retest. Stay tuned to our telegram channel for updates!
BITFINEX:BTCUSD
by UnknownUnicorn3394555
BITCOIN is eating ALL ALTS FOOD!! ARRRRRGEverytime Bitcoin goes UP, ALTS go up just a little, and Everytime BTC goes down, ALTS go down a lot! If you don't believe me check your favorite Alts and you will see (of course there are a few exceptions, but not for long) Knowing this if bitcoin has a big drop, lets say to around +-$4100 or even lower, to +-$3400 what will happen to those ALTS that are already in the 2017 lows before the bull run of that year? They are gonna go almost to ZERO! and what will happen to the ALT if the miners abandone that coin? ...high chances of %51 % attack? ... developers dump? The ALTS that I see that have more risk of going to ZERO or almost ZERO are all the PREMINED ALTS (Including Tokens), with the premined coins you are putting the all your faith in the developers. Do you know them? why are you trusting your money in people in other country that you don't even know! the point of crypto is to being decentralized! What do you guys think? Leave a LIKE if you agree and FOLLOW ME This is only for entertainment purposes, not financial advice.
COINBASE:BTCUSD
by TWIMARKETCAP
2
Bitcoin volume increasing, suggesting upcoming breakoutToday Bitcoin is trading under highest volume of the past 19 days, and currently it stands at 27k BTC. Yet, the day is not over and volume might increase even further. Now BTC/USD is testing 78.6% Fibonacci support at $6258, which so far is being rejected. Overall, there is no clear direction established by the Bitcoin, as it remains above the $6000 support. Fibonacci retracement indicator, applied to the uptrend trendline breakout, shows that Bitcoin rejected 38.2% Fibs at $6100 where it produced a double bottom. BTC broke below the short-term uptrend trendline today, although the Fib support remains respected by the market participants. It would be important to see the daily closing price. Close below $6258 would send Bitcoin towards $6000 area once again and break below $6k, might result in price drop towards the $5535 support that is 23.6% Fibs. While daily close remains above the $6258, price is expected to rise towards the $6560, $7020 or $7670 resistance level. A different scenario will most like take place if daily close will be below the $6258. In that case, BTC can continue moving lower, potentially testing $6000 once again. However, break and close below $6k can extend the downtrend towards the $5535 support level that is 23.6% Fibonacci retracement level. In short, there is no clarity on the direction of the Bitcoin, whether, short, medium or a long-term. Nevertheless, as the volume is currently increasing, this tendency is likely to continue and a breakout should be expected. Only time will tell if it is going to break to the downside or the upside.
BITFINEX:BTCUSD
by CryptalDash
BTC - A perfect close below resistance + 4 bearish divergencesDear all, Here is an update on the daily that just closed. BTC has nicely or even perfectly closed below resistance... In the meantime RSI is overheated and is now showing 4 hidden bearish divergence points while price is forming a double top. Needless to say that the next days shall see some red around the charts. Especially since we did not witnessed any "fresh money" entering this bull run. It was only driven by a money transfer from alts to BTC. All the Best from the Crypto Space Alteroc Not a Financial advise, be a better trader tomorrow than you are today by DYOR If you liked the idea press the like button :)
BITFINEX:BTCUSDShort
by Alteroc
6
Bitcoin is growing fastWe are already after the Bitcoin fork, as a result of which the new cryptocurrency has been created - Bitcoing Gold. Its current price is 135 $ and over the past 24 hours it has grown by almost 23%. The Bitcoin rates after reaching our assumed TP at 6200 $ went into correction phase. We see that the current correction probably ended its decline after achieving the same range as the previous correction (blue rectangles). Today, the capitalization of the entire cryptocurrency market is over 173 billion USD, with Bitcoin's dominance at 56%. The top ten in 24 hours is growing. Interestingly, Bitcoin Cash, like Bitcoin Gold, is growing at over 21.5%. Going back to BTC, we are in the middle of the range of correction and its price fluctuates in the area of 5800 USD. Going to the 30 minute interval, you can see that after a growth impulse from the assumed end of downward correction (5400 USD), the price has drawn a correction in a form of a flag. The range of this formation gives us another level where the price should reach within a few days - 6350 USD. Below scenario to join the growths - buy after breaking the 6200 USD resistance and its test. As you can see during the writing of the analysis, the price has moved upward on a large volume, which gives us confirmation of the direction of growth. In the last analysis we reported one of our long positions. At the moment, it is still in the game, but we have moved our SL from BEP to 5400 USD.
BITFINEX:BTCUSD
by jpktraders