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Hopium

Bitcoin's Sym Triangle is still green lit, for now...The sym triangle Bitcoin is in the process of forming is still progressing nicely. We dipped under 6k and then strongly bounced off the last possible trend line for this pattern to be legit, with of course, those very nice hidden bull divs on the DMI, Momentum and RSI giving you a heads up that we might not fall too far. For this to now prove to me that we have a chance, we have to get to the top range of the pattern somewhere around 6700... failing to do so over the coming 72hour period will probably spell the end of this pattern for me. So far it's ok though. Target for a breakout to the upside is still around that 8,200 region and if we breakout to the downside then we're looking at about 4800. Over to you Bitcoin, very important pattern at a very important time.
BITSTAMP:BTCUSD
by Richyboy36
BTC USD Simple and Clean Levels of Our Precious PonziBinance BTCUSDT its simple 90XX above closes pumps hopium 117XX+ makes people wild!!! Bear case Btc loses 1 resistance every1 will go 5K -1K calls...like always Imo even 7850 and wicks to below is fine! It doesnt mean we cant short it before! Retests of lost lvls are good to short to me. When we close below 7850 i'll close every position i have on crypto market and watch a bit. I believe that level is not a good place to open fresh shorts!! BTC might punish late bears like always.
Long
by badmilkshake
Is Hexo trading in another descending triangle / bear flag?I am dubious as to why Hexo doesn't have cannabis beverages on shelves in Quebec where "only" Hash & Cannabis Beverages are allowed as 2.0 products, or elsewhere in Canada when they have a Alcohol company like Molson backing them & involved in a JV via Truss? I just don't see why this pattern would play out bullishly when the company is diluting shareholders & raising money below the trading price? Does Hexo have a trick up their sleeve that will surprise the market besides overpaying for the Newstrike Brands buyout & growing unlicensed Cannabis, I think so, but it's not a surprise for the Hopium addicts, be prepared for more disappointment as Hexo slowly bleeds into the penny stock range where they started & belong! The 200 Day MA doesn't want to let Hexo break above it, very note worthy as the RSI looks like a H&S & Hexo has created nothing but lower lows since my previous chart linked to this one.
TSX:TLRYShort
by ScotianBot
2
A dose of bullish hopium for all... Bullish cross on monthly. Greetings traders, hustlers, busters, movers and shakers hope you are having a safe and profitable day. We have very interesting thing happening on the monthly chart and perhaps this is giving an immediate indication that case of the bears might not be strong enough to drag us to the new prolonged bear market. There is 10 and 21 SMA bullish cross steering at us on monthly since the 1st of October and historically both bullish and bearish versions of this cross has played out nicely before and had a significant effect on the direction of the overall trend. Being a diligent and risk-averse trader that I am I see several problems with this cross and have to get this off my chest before I proceed with the session of bullish mental masturbation. Problems with the cross: 1. We only have 4 cases of these bullish and bearish crosses happening on monthly and to be honest, I am not sure if this is enough to base the assumption about the future price action. 2. The ideal bullish cross should have both SMAs trending up. In this particular case, 10SMA is up and 21 SMA is neutral more than anything. I guess, there is still merit in this cross since the previous cross ( was not an ideal as well. 3. During the previous bullish cross Stochastic was trending up and was out from the bearish zone, however in the latest case we need to see about 800 to 1000 dollar move to the upside to undo the fresh stochastic cross. 4.. For me, it does not look like RSI is being rejected from the critical zone, however, again, roughly 800 USD move to the upside will result in well-demonstrated rejection and align all the stars for bullish continuation. This being said, I don't think we are going to see 800 usd uptick to the upside and we are not going to see freshly crossed stochs being undone anytime soon. Question that bags to be asked is following, do we see the cross play out without confluence from the stochastic and RSI? I guess we will see that soon enough. More likely scenario ATM is that, we test the cross before the end of this month and get rejected from it hopefully with enough inertia to pick-up some bullish momentum as we approach 8.5K level again. Stay safe people, subscribe to my user for more updates and let me know about your thought in the comments. Please note that this cross has started a very lucrative bullish market before and we don't have any legitimate reason to suspect that this is not the case now too.
BITSTAMP:BTCUSDLong
by akublashvili
Another Short Term Update On Our Total Market CapUpdate: changed my lines around a bit and through in a schiff pitchfork for reference to levels. Looks like we are going to be consolidating at this price range for the next ~3 days. What does this mean for Bitcoin and the ALT coins you may ask? We most likely will see a rebuild up of Bitcoins markets cap putting its price back up t ~8,800-9,200. If Bitcoins prices breaks the 9,200 resistance level, we may see more movement up here, followed by a recovery in the market. Butttt... the market seems to very weak right now with large amount of wash trading going on ("Wash Trading" = Creating fake volume on the market to show strength where there truly is only weakness). I expect more Dumping from BTC on Monday the 29th, if and when the total market cap doesn't recover to ~245-260 Total market cap. (Which is highly unlikely, not impossible though) First target for dump 7,100-7,300 (Reversal at 7,300/ continued dump at 7,100) Second target 6,300-6,600 (Reversal at 6,600/ continued dump at 6,300) "Second target may not hit until ~5-7th of October" ALTs?... Most likely are going to see a continued dump until Bitcoin holds/ finds a reversal. (May still bleed in this scenario do to everyone FOMO buying btc). or find an increase if Bitcoin dumps while simultaneously we see more total capital is hitting the market (Strong sign of a reversal coming in my mind at least). Minor ALTS under the 400 ranking may find pumps during this process, but those are just high risk gambles in my mind. (These are the true Shit coins on the market and will most likely die off after a recovery happens).
CRYPTOCAP:TOTALShort
by CapitulationCalls
4
BTC/USD "The Moon Shot Theory"This morning as I was looking at some charts, I came across an older chart I posted about that had Dec 17 2017 pinpointed. December 17th was the date we hit the ATH of the infamous bull-run. I thought to myself, December 17th is coming up and things are looking more bullish to me than before. What if make a yearly low right around the same time a year ago when we made an ATH. That would be ironic. Imagine if we hit the bottom, on relatively the same date as hitting the ATH a year prior. Looking at the chart above we have many things lined up that all agree with my bullish views. - Falling wedge (bullish reversal) - EW theory lining up with a potential reversal - Previous price action support zone at falling wedge support ($3000-$3100) - All time high in Bitcoin shorts - Dec 17 2018; Exactly 1 year after ATH is hit, we make a new low and take off out of the wedge) - Dec 17 lines up near the apex of the wedge, where we can see a valid breakout - Fractal from 2014 lines up with the week of December 17th being the bottom before starting to rise in price again Last year on December 17th 2017, the trend reversed. Wouldn't it be Ironic to see a new 52-week low established on the same day 1 year later and reverse the trend once again. *This is just something that had crossed my mind earlier this morning and thought I would share. It is not completely out of the question, just may be a bit far fetched.*
COINBASE:BTCUSDLong
by nickd534
7
BTCUSD potential accumulation in progress + additional thoughtsGreeting to everyone! Time flies, I haven't posted much recently, but this chart seems important to me, so I decided to share it. Some may call it hopium, but I WANT TO BELIEVE! :) The current BTC state reminds me a lot of Wyckoff accumulation method. So this is <<>>. d.stockcharts.com Also, the recent BTC crash didn't affected ALTS much (yet). Now we can 1-2-3x long - just use low leverage. I am prepared for <<>> 6k support becomes resistance and many more months sideways and accumulation between 3500 and 6000. So I've layered low leveraged buys down to 4800-4500. We had a long sideways period, so the upcoming weekly and monthly close will be very important. 6k support finally felt after so many tries, at some point it will be tested from below. Reaction will be interesting. Most likely will short hedge once we approach the level as everyone and their grannies. ;) Stay safe, don't over-leverage and don't forget this is not a call and I am NOT a financial adviser.
BITFINEX:BTCUSDLong
by Cryptonia_m
3