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Bubbleburst

XRP/BTC Analysis - Stuck in the middle with youObservations: XRP/BTC was in a downtrend for some time, spent about 2 months in what looks like accumulation, broke out of that on high buying volume (that was very much a whale move disguised under the pretext of a 'buy the rumour sell the news' event) and is now trading in a range that mirrors the swing highs and lows of the original downtrend. Wild speculations: + While Ripple is always impacted by Bitcoin, it does look like a chart that has ended it's bear market and is consolidating before a big move. It will most likely range for some time before deciding on a direction. Shorting or longing the top or bottom of this range would probably give you good profits, much like a Forex chart. + Ripple could surprise us by showing bullish moves even in the midst of Bitcoin's continued macro downtrend. There's enough hype around it as a rival to Bitcoin that I can imagine whales could manipulate the price to suck in more retail money on independent moves from BTC (this is not based on the chart but merely my own bias and interpretation). + It would be interesting to compare this XRP chart with Bitcoin's ultimate trajectory. I wonder if alts such as this are a leading indicator of where Bitcoin will ultimately move. If so, it would indicate we'll see more drawdown in BTC before it starts ranging in a region of 83%-85%. If we had a 2000 bottom for BTC, that would create a range of 2000-3700. Or 3000-5500. This seems like a fair bet for 2019-2020. Chart analysed: XRP/BTC Daily Indicators: RSI, Support/Resistance, Volume
by emotionallydetached
Falling or growth?Hello! The situation on the Bitcoin continues to be not very good . We observe a strong discharge, which practically does not stop. Where are we going? If we pursue the indicators, it would be ideal to get a sharp rebound of 100-200 points from the current, after which it will sink to 3000. Then all the timeframes on the indicators will be unloaded and a confident fall correction can start. We waited for a long time this correction, but we still don’t get it. And we will not get it until the price finds a confident level of support , and in such a situation it may not find it for a long time. And no, we do not say that the decline will continue up to $ 1,000, we just say that a more or less confident position in long can only be recruited when the price stays at least steady. If viewed locally, it is likely to be flat. Flat in the range of 200 points in order to gain strength for further movement. It is a pity only that there will probably be movement following the trend, but it is descending here. Now it’s quite risky to take large positions, because the market shows crazy things because of a lack of liquidity. Thank you for your attention! What do you think about the market? Welcome to comments!
BITMEX:BTCUSD.P
by WhaleIndex
UPDATE: Bitcoin macro view, non-linear regressionThis is an update to my earlier post: When I shared that chart, I emphasized that it was merely enternainment and it didn't have any predictive value to me, AT ALL. I still have this point of view. Even though it might work out in the end, it must be understood that what I'm drawing here is some next level chart fitting . Humans have a tendency to see patterns where there are none, which might very well be true here as well. So, with that out of the way, you'll notice we are getting closer to our baseline curve. I said in my previous post I'd be starting up my weekly buy ins again if we ever got closer to that baseline. So far I haven't, partly due to fear. I still believe in Bitcoins long-term value proposition, but buying after big drawdowns reguires balls of steel that I apparently do not have. Price is still more than 4x above my last buy, and roughly 8x above my average buy in. For those paying attention to the details: yes, I have adjusted the curves downward a bit (if you hit play in my old chart, youll see the price is closer to baseline than in this new chart). I'm not entirely sure how to draw these. I;m unsure of the regression model parameters, so I'm eyeballing it a bit as well. Baseline currently sits at around 2500 dollar. I have it even lower in another chart of mine . As I said, next level chart fitting.. Guess we'll have to wait for a few more months, so we can retrofit these curves ;). Long term: bullish . Short term: who the hell knows.. Stay safe everyone!
BNC:BLX
by frankmorel
3
Oh How History Rhymes... But So Quickly?I use historical analysis, not to base my decisions, but to see the options laid out on the table. The market is the magician; if you watch the trick unfold before your eyes - before you know it - you missed the slight of hand. FYI, I believe crypto will play a huge roll in our daily lives and I am long term bullish. I make calls with big play(er)s. There is no shortcut. Trade the chart and do not try to outsmart the market. I'm posting, simply to see if there is value to gain a following or not. We'll see... but might be my one and only post. Those who have eyes should open them. 1. Fundamental Analysis: Crypto is pathetically hanging on with a prayer, in hopes of EFT or SEC approvals, flood of bullish news, and institutional money… literally the exact opposite of why crypto should grow. Most retail traders are bullish “HODL till I die”… Huge red flags. 2. Technical Analysis: The trend is your friend and the stock market is in full bull mode with no sign of reversal. Yet Crypto is in full bear mode with no sign of reversal. Crypto is not the exception to the rule and needs a correction before it can head back up to breaking "All Time High". What Do I See? Two large bear flags in a row (orange rectangles) Low volume, and lower volatility Bollinger is making a final squeeze at the end of each triangle with the basis (median) pointing up shorts vs longs repeating Bart formations = squeezing w/o volume Overall sideways for 1.5 months (green box) We have broken down on the (bearish pink) triangle Purple grind line at the end of each triangle (currently forming) Bulls have much resistance to break through. Bears can just wait it out... I suspect we will make a wick to $6025 within a few days, then watch for the drop to ~$5900 = bubble has blown = lower lows/lower highs for a bit till we find a NEW bottom. COINBASE:BTCUSD Alan Greenspan - You can spot a bubble. They're obvious in every respect. But it is impossible for the majority of participants in the market to call the date when it blows. Every bubble by definition deflates. But when that deflation occurs, it requires a point at which the vast majority of market participants do not expect it to happen. Almost everybody is bullish, expects the market to go up, and is fully committed. At that point if you took a survey of what the outlook was, you'd get an overwhelming positive response the day before it falls on its face. -racethehair
COINBASE:BTCUSDShort
by racethehare
pop goes the bubble.i checked this on the 6 monthly as well and boy it looks parabolic as hell. This is the monthly chart though. The signal is clear as bloody day for me. Finally my monthly indicators are literally ALL in unison. Simple bearish divergence on the RSI. Simple bearish divergence on the fast oscillator and collapsing close to the zero line - scary. Simple bearish divergence on the slow oscillator. Simple bearish divergence on the histograms on both fast and slow oscillators. It's as if the stars are lining up. I don't know about you. But I'm GTFO stocks rn. Come back in when poop hits the fan.
TVC:IXICShort
by EnZo
9
Bespoke - Billionaire pumped CBD stock watchBespoke is a CBD Oil from HEMP stock with all the dressings to grow, but was bubble busted over the past few weeks. Watching to buy only when 1) MACD crosses 0 and 2) CCI going into upward buy point (see earlier circled period ), or see area's for shorting. This stock simply was overvalued, oversold, and over-pumped by billionaire hoping to get rich pumping newsletter to pushit, oh 2 words eh?? Would love to hear from anyone who has Bespoke as short-long investment, okay to rant here briefly if long. I can not emphasize the value of CBD oil and such stock will have to reduce opioid and pain meds as first wooded box stand comment. Thus my preferred watch is CVSI , GWPH , CBDS , CRBP , PMCB , ,and CARA. BSPK CBD Oil from HEMP is more profitable than from Cannabis as #2. Third is that HEMP can contain trace THC, but is below 0.3% and often removed with waxes in most distallation processes by alcohol, albeit expensive. Which HEMP is legal in all 50 states and all of No. America and Europe, why HEMP was made illegal before if like taxing money that smells like it's been taxed before, dumb. This is for watching only, so follow, like and share if you follow this sector with @pokethebear. @MarxBabu for longbuylongsell (buy on blue 4h/1d, sell on black charting. @Tradingviewpoints
OTC:BSPK
by Pokethebear
Basic Analysis for ETHUSD based on Bollinger Bands.Hello everyone, This is my first educational idea on Tradingview and I hope it would be useful for many, your comments, supportive ideas or the counter ones are welcome. I admire sharing ideas in respectful way, after all no one has the whole image, and who claims that is not truthful with themselves, whoever they are. Let me introduce myself first, I'm a blockchain enthusiastic who believes in the concept of decentralized networks, not only for money transaction solutions but also in the technology itself, what blockchain technology is capable to provide is massive. I'm not an experienced trader, I just started trading my self for less than 1 year, but I like analysis and looking at the bigger image, I usually go long with an appetite to hodl, usually it pays off, even if you bought at the peaks. However, the crypto market is still lacking regulations, thus why we have this massive fluctuations in this market which is very profitable (at least for many) and also may lead to catastrophic situations if we don't double check on all factors surrounding any buy or sell order. This basic analysis is based on a simple idea of Bollinger Bands on the weekly chart of ETHUSD, as we can see on the chart the down trend which is marked by a red "bubble" is almost finished, we just started a new yellowish in color bubble, but this bubble is still young and lacking the right momentum for a massive bull run like the one we had by the end of the last year, in my opinion side ways trade will keep playing for the next 3 months (maybe less, maybe more) in values between 300-400$ before a breakout. This expansion and deflection of the bubbles implies on all cryptomarket, including BTCUSD pair. The main question is, for how long this bottle neck would last? Did we get through it or not yet? I don't think there would be a breakout for the next major uptrend before touching the 350$ levels again, it's the next main support for ETHUSD on the weekly chart, which is a strong support zone and it was active many times especially in the end of the last year. However, that level could not be the bottom of Ethereum, after all ETHUSD started in way less values last year, from 7 to an impressive figure of 1400$, this led to drawback in the market and we are experiencing that right now. We don't know yet how far in terms of price and time this correction would last, but I don't think ETHUSD would go less than 3 digit number in the foreseen future. After all Ethereum is a protocol and it has many implications that would be useful for businesses and organizations, it gained a lot of attention and after the rally last year which gained a lot of exposure that won't wear off easily. This idea is not obsolete nor complete, but I would like to add updates to it when the market starts to show where is it going exactly, your comments and arguments would be very valuable and feel free to express in the comments section. This idea is published for educational purposes only, and it shouldn't be considered as a financial advice.
BITFINEX:ETHUSD
by F_Dibs
Bitcoin forecast: the downtrend is NOT overSo, where are we right now? Everyone is acting like Bitcoin is doing unpredictable things and are getting liquidated. In this market context, which is a bubble burst , we have to keep in mind a couple of things before entering trades: What drives a bubble burst is market-psychology and an alternance between hope and fear : an alternance between FUD and FOMO. While inexperienced traders and emotional investors who bought the top are trying to "cover their losses" or make quick and "easy" gains using heavy leverage on small timeframe trades, experienced speculative traders are using them as fuel, and making them fall for FOMO and FUD. Shorts were at an all-time-high (which means that there are a lot of liquidations and stops to hit, this can give a huge momentum for an upward movement), we were getting dangerously close to the apex of a symmetrical-triangle, the order books were getting thinner by the minute and alt-coins have been rallying for a few days, this creates the perfect setup for a quick pump. In the context of a bubble burst, entering short term trades with heavy leverage is very risky due to the higher than usual volatility. Most inexperienced traders with poor money management will burn their accounts during such times if they use high leverage in short term trades. Now, what am I anticipating? I am anticipating a new wave downward a bit slower than the previous one which should hit a new low which I estimate to be around 4k8. In my opinion, we could have a trend reversal if we break the previous top around 8k8-9k (which is also where the desistance on the daily log chart is). Obviously this should not be taken as investment advice and this is just the scenario that I'm betting on right now. A trader will NEVER have 100% accuracy, what makes you earn money on the long term is a decent risk-management, not a god-tier accuracy.
BITSTAMP:BTCUSDShort
by TDesormiere