See nothing has changed in this market during my absence. It made that push up as mentioned, but of course a nasty move down as well right after. Now at this point, i find it more difficult to judge what the next step will be short term and mid term.
I think we might see a slightly bigger correction, so making an ABC, ideally towards that green zone. But the correction could be over already as well and maybe we move up again coming days (think 8300ish should be the max then).
What i mentioned in previous updates, for the very bullish version long term, we dont have much room left in time. Meaning, if the market wants to see 10k+ prices coming month or 2, think we need to break above 8800ish within a week or so. I have drawn it in the chart below, to give an impression of what i think needs to happen to see it succeed. Of course its just a guess and things can go differently, but i think in general it has to be like this (especially the time frame, if it happens, it needs to happen fast and strong and good volume). Otherwise just forget about it.
In general, anything below 8700/8800 can still be considdered as a basic retest of the big drop we had few weeks ago. So the rejection we had few days ago, could mean bears are still in control. Therefore, bulls need to make sure they make a higher low coming days, to keep the super bullish version alive (one i mentioned above) but also to prevent lower prices. Think if we drop below 8000/7900, chances will be big we might visit 6K prices or low 7K.
So in short, can go both ways short and mid term. If 8800ish breaks, think bulls stand good chance for breaking the basic retest zone of the big drop. If 7800ish breaks, big chance we continue to drop (not necessarily bear market).
What i think, is as shown in the chart, making another drop (or double bottom) in the green zone before going up again. But not ready yet to say i am bullish mid/long term. When breaking 8800, i might give it a serious thought. Untill then, i have a bearish standpoint (as i have had the past months), but being objectivelly and knowing a change can happen
https://www.tradingview.com/x/iX3rDXCK/
ߋ botje11
I think we might see a slightly bigger correction, so making an ABC, ideally towards that green zone. But the correction could be over already as well and maybe we move up again coming days (think 8300ish should be the max then).
What i mentioned in previous updates, for the very bullish version long term, we dont have much room left in time. Meaning, if the market wants to see 10k+ prices coming month or 2, think we need to break above 8800ish within a week or so. I have drawn it in the chart below, to give an impression of what i think needs to happen to see it succeed. Of course its just a guess and things can go differently, but i think in general it has to be like this (especially the time frame, if it happens, it needs to happen fast and strong and good volume). Otherwise just forget about it.
In general, anything below 8700/8800 can still be considdered as a basic retest of the big drop we had few weeks ago. So the rejection we had few days ago, could mean bears are still in control. Therefore, bulls need to make sure they make a higher low coming days, to keep the super bullish version alive (one i mentioned above) but also to prevent lower prices. Think if we drop below 8000/7900, chances will be big we might visit 6K prices or low 7K.
So in short, can go both ways short and mid term. If 8800ish breaks, think bulls stand good chance for breaking the basic retest zone of the big drop. If 7800ish breaks, big chance we continue to drop (not necessarily bear market).
What i think, is as shown in the chart, making another drop (or double bottom) in the green zone before going up again. But not ready yet to say i am bullish mid/long term. When breaking 8800, i might give it a serious thought. Untill then, i have a bearish standpoint (as i have had the past months), but being objectivelly and knowing a change can happen
https://www.tradingview.com/x/iX3rDXCK/
ߋ botje11
️
#BTCUSDT
Hey family,
We should all prepare for something of this nature.
We have better days ahead but at same time a serious worst moment ahead also.
WCSE Team will always keep you posted as market develop.
https://www.tradingview.com/x/x1oqdTWo/
ߋ wcsechannel
#BTCUSDT
Hey family,
We should all prepare for something of this nature.
We have better days ahead but at same time a serious worst moment ahead also.
WCSE Team will always keep you posted as market develop.
https://www.tradingview.com/x/x1oqdTWo/
ߋ wcsechannel
This is the problem the bulls are facing, that the past weeks was just one big ABC correction and that we continue to go down from here on out. Things like this (Elliot Wave), many times can be judged AFTER the fact, but sometimes we have clues to determine which one it is. For now, we need that push above 8150, that would be a very good first step.
For the bears, in theory we can drop to 7800 and still be bullish, but for me the 8000 was a level and think the 7900 is the real max. As i mentioned few days ago, if those levels break, we have to assume much more down side pressure is most likely.
Reason why i say 7900 should be the real max (where i said ideally 8000 max), is to see a clear higher low, to see bulls are eager to step in and buy.
https://www.tradingview.com/x/228dkeev/
ߋ botje11
For the bears, in theory we can drop to 7800 and still be bullish, but for me the 8000 was a level and think the 7900 is the real max. As i mentioned few days ago, if those levels break, we have to assume much more down side pressure is most likely.
Reason why i say 7900 should be the real max (where i said ideally 8000 max), is to see a clear higher low, to see bulls are eager to step in and buy.
https://www.tradingview.com/x/228dkeev/
ߋ botje11
Is #DeFi Blockchain’s Killer dApp?
Over the years, talk about what blockchain’s best use case is has turned from gaming to cloud computing, and over toward more obscure possibilities.
As time goes by, however, it’s become apparent that money is what blockchain does best, especially when that money, and the way it’s invested, is decentralized. #DeFi, short for decentralized finance, has emerged as blockchain’s leading use case, but that should come as no surprise.
Examples of decentralized finance have abounded for years, but what has been missing all along was the short and sweet hashtag reference. Decentralized exchanges, projects like OmiseGo, and platforms such as Cardano all contribute to the overarching spread of #DeFi.
The significant difference now, as compared to a year or two ago, is that the #DeFi ecosystem is much more clearly defined. A large part of that definition results from the decentralized loan space being spearheaded by projects like Compound, MakerDAO, and Dharma.
Some centralized players are bringing light to the space too. Nexo, Genesis Capital, and Celsius Network are raking in big bucks doing the crypto lending thing, which, though not decentralized, locks more value into the crypto-financial ecosystem.
While crypto loans have been the linchpin of #DeFi up to now, we’re witnessing the broadening beginning of what feels like a true financial renaissance. Yesterday, MyCrypto.com reported a new milestone reached with 2.2 million ETH locked into the #DeFi space. At current ETH prices, that’s just shy of $400 million secured into decentralized lending and derivatives dApps.
Market Update
No big changes since our last report, with Bitcoin (along with other major blue chip assets) remaining range-bound.
After BTC/USD swept range highs a few days ago and gave the market a moment to dream, it’s now appearing weighed down and headed back for range lows based on the 4hr.
The good news is that alts vs. BTC seem to be enjoying the subtle swinging, as is evidenced by their slow climb against crypto’s leading asset. We’re leaving room in our short-term outlook for BTC to surprise us by moving bullishly, in which case we’d look to reduce our altcoin exposure.
ߋ bitcoinbravado
Over the years, talk about what blockchain’s best use case is has turned from gaming to cloud computing, and over toward more obscure possibilities.
As time goes by, however, it’s become apparent that money is what blockchain does best, especially when that money, and the way it’s invested, is decentralized. #DeFi, short for decentralized finance, has emerged as blockchain’s leading use case, but that should come as no surprise.
Examples of decentralized finance have abounded for years, but what has been missing all along was the short and sweet hashtag reference. Decentralized exchanges, projects like OmiseGo, and platforms such as Cardano all contribute to the overarching spread of #DeFi.
The significant difference now, as compared to a year or two ago, is that the #DeFi ecosystem is much more clearly defined. A large part of that definition results from the decentralized loan space being spearheaded by projects like Compound, MakerDAO, and Dharma.
Some centralized players are bringing light to the space too. Nexo, Genesis Capital, and Celsius Network are raking in big bucks doing the crypto lending thing, which, though not decentralized, locks more value into the crypto-financial ecosystem.
While crypto loans have been the linchpin of #DeFi up to now, we’re witnessing the broadening beginning of what feels like a true financial renaissance. Yesterday, MyCrypto.com reported a new milestone reached with 2.2 million ETH locked into the #DeFi space. At current ETH prices, that’s just shy of $400 million secured into decentralized lending and derivatives dApps.
Market Update
No big changes since our last report, with Bitcoin (along with other major blue chip assets) remaining range-bound.
After BTC/USD swept range highs a few days ago and gave the market a moment to dream, it’s now appearing weighed down and headed back for range lows based on the 4hr.
The good news is that alts vs. BTC seem to be enjoying the subtle swinging, as is evidenced by their slow climb against crypto’s leading asset. We’re leaving room in our short-term outlook for BTC to surprise us by moving bullishly, in which case we’d look to reduce our altcoin exposure.
ߋ bitcoinbravado
️
#BTCUSDT
Hello family,
We should exercise good patience with BTC, weekly have something to tell us.
https://www.tradingview.com/x/4koQ3dzv/
ߋ wcsechannel
#BTCUSDT
Hello family,
We should exercise good patience with BTC, weekly have something to tell us.
https://www.tradingview.com/x/4koQ3dzv/
ߋ wcsechannel
️
#Updates
#BTCUSDT
Price breakout of bear flag inside the falling wedge body.
We has two (2) possible scenario here with different potential reversal zone (PRZ) which are 9850$ and 7765$.
We should keep a close eyes on these level.
https://www.tradingview.com/x/AlgN1GBi/
ߋ wcsechannel
#Updates
#BTCUSDT
Price breakout of bear flag inside the falling wedge body.
We has two (2) possible scenario here with different potential reversal zone (PRZ) which are 9850$ and 7765$.
We should keep a close eyes on these level.
https://www.tradingview.com/x/AlgN1GBi/
ߋ wcsechannel
Remember that ETH chart and that zone i mentioned. Still potential there as well for a low. Not really a wedge (because of that wick), but maybe it was noise so it could be one though. Next to that, also potential small double bottom. Think it might drop a bit below the green even if it happens. But because the risk is so high, i would wait for a decent bounce up (also normal buying move up) before getting bullish. Simply because the risks are extremely high that a big dump might happen. So at this point, too much of a gamble IMO
https://www.tradingview.com/x/zVMcPBwk/
ߋ botje11
https://www.tradingview.com/x/zVMcPBwk/
ߋ botje11
BTC: The Same Pattern is Going to Play out?
https://www.tradingview.com/chart/BTCUSD/89iS3izS-BTC-The-Same-Pattern-is-Going-to-Play-out/
️Don't forget to subscribe to our Trading View profile & press the like button. We would appreciate it.
BTC: The Same Pattern is Going to Play out?
Looking at this chart you could admit that there are two structures that are very similar.
Let's look at the first one: Downward Channel 1. We broke out of this channel in a violent manner within two daily candles and got stuck in a range around 0.618 Fib, forming a Bull Flag . Notice that we had a wick out of the flag. Eventually the Flag broke out and reached its full target at 8650, just where the second Downward Channel starts. Another interesting part here is that we perfectly reached 1.618 Fib extension from the beginning of the Downward Channel 1.
Looks like now we have the same formation: Downward Channel 2 + violent breakout within 2 daily candles, reaching 0.618 Fib, establishing a Bull Flag + a wick out of the flag. So, if we follow the pattern, we will break out of the Bull Flag and meet its full target at the same level of 8660 and we can even overshoot it like the previous time and reach 1.618 Fib extension, which is sitting at 906
ߋ cryptobullet
https://www.tradingview.com/chart/BTCUSD/89iS3izS-BTC-The-Same-Pattern-is-Going-to-Play-out/
️Don't forget to subscribe to our Trading View profile & press the like button. We would appreciate it.
BTC: The Same Pattern is Going to Play out?
Looking at this chart you could admit that there are two structures that are very similar.
Let's look at the first one: Downward Channel 1. We broke out of this channel in a violent manner within two daily candles and got stuck in a range around 0.618 Fib, forming a Bull Flag . Notice that we had a wick out of the flag. Eventually the Flag broke out and reached its full target at 8650, just where the second Downward Channel starts. Another interesting part here is that we perfectly reached 1.618 Fib extension from the beginning of the Downward Channel 1.
Looks like now we have the same formation: Downward Channel 2 + violent breakout within 2 daily candles, reaching 0.618 Fib, establishing a Bull Flag + a wick out of the flag. So, if we follow the pattern, we will break out of the Bull Flag and meet its full target at the same level of 8660 and we can even overshoot it like the previous time and reach 1.618 Fib extension, which is sitting at 906
ߋ cryptobullet
#BNB UPDATE
To continue the up-trend the coin needs to break through the resistance at the 0.00233 level. Only in this case you can continue hold $BNB. While the price is located below this level, the probability of going lower to re-test supports remain at the same (high) level. If you want to hold BNB for long-term, there is no point in sales.
Link to the TradingView idea: https://www.tradingview.com/chart/BNBBTC/glg0caeb-BNB-Below-the-Resistance-What-to-Do/
ߋ cryptoklondike
To continue the up-trend the coin needs to break through the resistance at the 0.00233 level. Only in this case you can continue hold $BNB. While the price is located below this level, the probability of going lower to re-test supports remain at the same (high) level. If you want to hold BNB for long-term, there is no point in sales.
Link to the TradingView idea: https://www.tradingview.com/chart/BNBBTC/glg0caeb-BNB-Below-the-Resistance-What-to-Do/
ߋ cryptoklondike
Bitcoin Action
https://www.tradingview.com/chart/BTCUSDT/41qLtaOG-Bitcoin/
Bitcoin
Hello everyone
Today I wanna show you my view of BTCUSD and situation on the market
We move inside the falling wedge , we just reached the price of 7280 is a good support and at this point several indicators intersect:
1. 61.8% fibonacci level
2. Falling wedge support line
3. Diagonal support line formed by 4 points
I think we will continue to move inside this wedge and even a possible false break up this wedge
Soon we will talk about the New Year rally, which is likely to be in the black triangle in the range 6800-8400
Now you can observe the intersection of the two main MA 200 and 50 - and this is called death cross - a signal for falling
After that we will break the line of support - the black line
Most likely we will continue to move down to the zone of the largest volumes of 6600-6200 where you will see a flat, and there is even a chance that we will break this strong level down, and this will cause panic in
ߋ excavochannel
https://www.tradingview.com/chart/BTCUSDT/41qLtaOG-Bitcoin/
Bitcoin
Hello everyone
Today I wanna show you my view of BTCUSD and situation on the market
We move inside the falling wedge , we just reached the price of 7280 is a good support and at this point several indicators intersect:
1. 61.8% fibonacci level
2. Falling wedge support line
3. Diagonal support line formed by 4 points
I think we will continue to move inside this wedge and even a possible false break up this wedge
Soon we will talk about the New Year rally, which is likely to be in the black triangle in the range 6800-8400
Now you can observe the intersection of the two main MA 200 and 50 - and this is called death cross - a signal for falling
After that we will break the line of support - the black line
Most likely we will continue to move down to the zone of the largest volumes of 6600-6200 where you will see a flat, and there is even a chance that we will break this strong level down, and this will cause panic in
ߋ excavochannel
BTC Update: Big dump!
Bitcoin breaking down
A total of 250Mil longers got liquidated on this dump, that's a lot of hurt in the market
I'm looking at 6790 as the BOTTOM if we get there with an invalidation of 6720
Doesn't mean we can't bounce from here, if we do we'll see 7800 and 8200 as immediate resistance
I'd love for BTC to create a range of 6800 and 7200 which would create a range for 7% moves in which to trade with, that's pretty good.
I'll most likely not touch BTC for this week as I'll wait for the range to form, in the meantime some alts have dipped a lot for some good buys and it's possible to capitalize on that opportunity
https://www.tradingview.com/x/oj00iO43/
Enjoy our analysis!
ߋ news_4ctrading
Bitcoin breaking down
A total of 250Mil longers got liquidated on this dump, that's a lot of hurt in the market
I'm looking at 6790 as the BOTTOM if we get there with an invalidation of 6720
Doesn't mean we can't bounce from here, if we do we'll see 7800 and 8200 as immediate resistance
I'd love for BTC to create a range of 6800 and 7200 which would create a range for 7% moves in which to trade with, that's pretty good.
I'll most likely not touch BTC for this week as I'll wait for the range to form, in the meantime some alts have dipped a lot for some good buys and it's possible to capitalize on that opportunity
https://www.tradingview.com/x/oj00iO43/
Enjoy our analysis!
ߋ news_4ctrading
Price analysis BTC, ETH, XRP (10.25.19)
BTC / USD. Yesterday morning, sellers decided to continue to decline to the zone of minimum environment and sold support for 7400.00 USD. However, they managed to get only to the level of 7356.00 USD. Buyers immediately restored the pair to a narrow area of consolidation above the support level.
️ Today, consolidation in this area will continue. Now, buyers can make a return attempt to recover in the EMA55 (7600.00 USD) area during the day, but we believe that at the end of the day the price will return to its narrow range.
ETH / USD. The price of Ethereum after a deep fall is trying to recover. Technically, this can be seen on the hourly time frame as consolidation in a barely noticeable ascending corridor with rising lows and highs.
️ We believe that today buyers can test the upper limit of this channel and gain a foothold in the field of average prices. However, the lower border of this corridor is rather weak, so by the end of the week there is a chance of a breakthrough of this weak support level.
On the hourly chart of the Ripple price, you can also fix an upward channel in which the pair is recovering quite intensively (the angle of rise of this corridor is 50 degrees).
️ Yesterday, the price of XRP tested the resistance of 0.280 USD. This morning, another attempt is being made to re-test the upper boundary of the rising channel.
There is no guarantee so far that sellers will be able to overcome the resistance of 0.280 USD. Most likely the pair will continue to consolidate at the level of hourly EMA55.
ߋ bitco_novosti
BTC / USD. Yesterday morning, sellers decided to continue to decline to the zone of minimum environment and sold support for 7400.00 USD. However, they managed to get only to the level of 7356.00 USD. Buyers immediately restored the pair to a narrow area of consolidation above the support level.
️ Today, consolidation in this area will continue. Now, buyers can make a return attempt to recover in the EMA55 (7600.00 USD) area during the day, but we believe that at the end of the day the price will return to its narrow range.
ETH / USD. The price of Ethereum after a deep fall is trying to recover. Technically, this can be seen on the hourly time frame as consolidation in a barely noticeable ascending corridor with rising lows and highs.
️ We believe that today buyers can test the upper limit of this channel and gain a foothold in the field of average prices. However, the lower border of this corridor is rather weak, so by the end of the week there is a chance of a breakthrough of this weak support level.
On the hourly chart of the Ripple price, you can also fix an upward channel in which the pair is recovering quite intensively (the angle of rise of this corridor is 50 degrees).
️ Yesterday, the price of XRP tested the resistance of 0.280 USD. This morning, another attempt is being made to re-test the upper boundary of the rising channel.
There is no guarantee so far that sellers will be able to overcome the resistance of 0.280 USD. Most likely the pair will continue to consolidate at the level of hourly EMA55.
ߋ bitco_novosti
In a pattern similar to the five stages of grief, cryptocurrencies appear to be going through the ‘five stages of acceptance’ in mainstream society. First there was pure ignorance; then dismissal; followed swiftly by skepticism; then limited or restrictive toleration; and finally, we hope, acceptance.
https://telegra.ph/Permissioned-Digital-Currencies-Cryptos-Biggest-Challenge-10-25
Have questions?
Just write us and we will answer you... @tanocarridy
ߋ highestsignals
https://telegra.ph/Permissioned-Digital-Currencies-Cryptos-Biggest-Challenge-10-25
Have questions?
Just write us and we will answer you... @tanocarridy
ߋ highestsignals
Telegraph
Permissioned Digital Currencies. Crypto’s Biggest Challenge.
It feels that the asset-class may be about to enter the next stage of acceptance: limited or restrictive toleration, including mainstream entities – governments and private companies -beginning to trial and test the technology as well as devise their own…
These are short term targets, mid term I Remain bullish with a possible target of $11.400 in November/December
ߋ bitcoinwizard1
ߋ bitcoinwizard1