BTCUSD daily price action | Page 19 | Crypto Craft

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BTCUSD daily price action

  • #361
  • Sep 6, 2019 9:35am Sep 6, 2019 9:35am
BTC: Price: $10,900 | MCAP: $195 billion | 24-Hr Volume: $16.49 billion

Short-term trend: Cautiously Bullish

Bitcoin rose above $10,800 confirming an upside break of a recent trading range of $10,400 to $10,800.

Usually, traders wait for confirmation of the breakout in the form of an hourly, 4-hour or sometimes a daily close above the upper edge of the trading range. Bitcoin, however, moves by $1,000 or more in a matter of just a few minutes. So, investors who wait for a confirmation on closing basis often miss the bus.

BTC will likely reach the target of $11,100, as the range breakout is backed by an uptick in buying volumes. Further, the daily chart is reporting bullish conditions – the cryptocurrency jumped 6 percent on Sept. 2, confirming an upside break of a descending triangle pattern.

BTC's range breakout indicates a continuation of the rally from the recent low of $9,360. A more reliable indicator of bullish revival would be a UTC close above the lower high of $10,956 created on Aug. 20.

A bullish close above $10,956, if confirmed, would open the doors to $12,000.
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  • #362
  • Sep 6, 2019 10:46am Sep 6, 2019 10:46am
Quoting TMR
BTC will likely reach the target of $11,100, as the range breakout is backed by an uptick in buying volumes. Further, the daily chart is reporting bullish conditions – the cryptocurrency jumped 6 percent on Sept. 2, confirming an upside break of a descending triangle pattern.
I’m in. Watching for that breakout. Long at 10,900.
  • #363
  • Sep 6, 2019 11:14am Sep 6, 2019 11:14am
Quoting TMR
Usually, traders wait for confirmation of the breakout in the form of an hourly, 4-hour or sometimes a daily close above the upper edge of the trading range. Bitcoin, however, moves by $1,000 or more in a matter of just a few minutes. So, investors who wait for a confirmation on closing basis often miss the bus.
Absolutely! Even technical traders have to think a bit longer term when it comes to BTC.

That is not to say it does not get stuck around a $1k support/resistance level for a while but those are generally the times when there is no breakout. You have to be ok taking more risk trading these BTC levels
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #364
  • Sep 6, 2019 1:33pm Sep 6, 2019 1:33pm
Quoting alphizo
{quote} #BTCUSD - #DOWNTREND #Bitcoin short term Trend is #BEARISH Sell @ $10 340 | 1.00000000Ƀ Updates Bought @ $9500 (29th Aug) Sold @ 10 340 (3rd Sept) Profit: $840 per Btc Join Group https://t.co/l8OwqqCmr6

still in play
PA/Algo trader... Flow with the tide, not against it
  • #365
  • Edited 4:32pm Sep 6, 2019 3:45pm | Edited 4:32pm
Quoting alphizo
{quote} still in play
Good man.. it went the other way (first), so contrary to the one you predicted (at first), but it seems you are (now, still) in the profit atm? Could you share your TP level, at least in the ballpark?
Can you afford to take that chance?
  • #366
  • Sep 6, 2019 4:13pm Sep 6, 2019 4:13pm
Wow, cryptos getting pounded across the board this afternoon. wtf happened? This price action is really turning me bearish short term. Stay safe out there people!
  • #367
  • Sep 7, 2019 3:29am Sep 7, 2019 3:29am
Quoting alphizo
{quote} still in play

#BTCUSD - #UPTREND
#Bitcoin short term #Trend is #BULLISH

#Buy/#Long @ $10350 | 1.00000000Ƀ

Updates
Buy/Long @ $10350 (7 Sept)

Trend is Bullish, buy dip if price moves lower... Trend is your friend

Have Fun Guys

Join group
https://t.co/l8OwqqCmr6
PA/Algo trader... Flow with the tide, not against it
  • #368
  • Edited Sep 8, 2019 3:27am Sep 7, 2019 3:35am | Edited Sep 8, 2019 3:27am
Quoting auricforecas
{quote} Good man.. it went the other way (first), so contrary to the one you predicted (at first), but it seems you are (now, still) in the profit atm? Could you share your TP level, at least in the ballpark?
Yes, price will always do what it will do along with trend, the trend was bearish n price dropped..

#Bitcoin short term #Trend is #BULLISH

#Buy/#Long @ $10350 | 1.00000000Ƀ

Trend is Bullish, buy dip if price moves lower... Trend is your friend
PA/Algo trader... Flow with the tide, not against it
  • #369
  • Sep 8, 2019 3:56am Sep 8, 2019 3:56am
#BTCUSD / H4
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  • #370
  • Sep 8, 2019 4:40am Sep 8, 2019 4:40am
Bitcoin:

I still prefer this count/outlook as a wave "iv" since the high end of june.

Sixer
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  • #371
  • Sep 9, 2019 8:07am Sep 9, 2019 8:07am
BTC: Price: $10,420 | MCAP: $186.93 billion | 24-Hr Volume: $15.67 billion

Short-term trend: Neutral

BTC's drop lows below $10,100 seen earlier today was short-lived and prices rose back above $10,400 an hour ago, confirming a falling wedge breakout on the hourly chart.

Therefore, the bearish view put forward by Friday's big bearish engulfing candle stands neutralized.

The outlook would turn bullish if and when prices print a UTC close above $10,956 – a bearish lower high created on Aug. 20.

Also, if the falling wedge breakout fails in the next few hours, the prospects of a slide below $10,000 would improve. On the downside, key support is located at $9,755 (Aug. 22 low) and $9,320 (Aug. 29 low).

Long-term trend: Neutral

Bitcoin's monthly chart shows a double inside bar pattern – August’s candle falls within July's high and low and July’s candle is engulfed by June's high and low.
Double inside bars indicate indecision and lack of volatility and are considered a sign of bullish exhaustion, if they occur after a notable price rally, which seems to be the case here.

Also, the selling volume witnessed in July was the highest since March 2018. So, the long-run outlook stands neutralized.

A break above the high of the first inside bar ($13,200) is needed to revive the bullish outlook and a move below the low of the first inside bar ($9,049) will confirm a bearish reversal.
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  • #372
  • Sep 9, 2019 1:35pm Sep 9, 2019 1:35pm
shorting since 17min ago.. will publish TE soon
Can you afford to take that chance?
  • #373
  • Sep 9, 2019 1:46pm Sep 9, 2019 1:46pm
We may be looking at a reversal in the BTC dominance trend right now. I think this is good news for BTC bulls because other cryptos have started to finally move up despite a bit of downward movement in BTC. Usually, this just means there is some cycling of crypto portfolios and now could be a good time to buy BTC.

Personally I am hoping the move in BTC dominance is more retrace than reversal though because I have a couple of synthetic trades that are moving against me .
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  • #374
  • Sep 9, 2019 2:32pm Sep 9, 2019 2:32pm
Quoting Sixer
Bitcoin: I still prefer this count/outlook as a wave "iv" since the high end of june. Sixer {image} {image}
So do you predict the eventual breakout up as well? Or did you just trade the move lower in the short term?
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #375
  • Sep 9, 2019 4:19pm Sep 9, 2019 4:19pm
Quoting auricforecas
shorting since 17min ago.. will publish TE soon
Ok "paid of" the spread/comission... at robofx.. about 0.5%.. now the question is how much profit do I take... at 50:1...
Thinking about pulling at 10,200
Can you afford to take that chance?
  • #376
  • Sep 9, 2019 8:34pm Sep 9, 2019 8:34pm
Quoting Sixer
Bitcoin: I still prefer this count/outlook as a wave "iv" since the high end of june. Sixer {image} {image}
Hell of an overlay there! I definitely see it going down to that support level, and the hope for the positive breakout.
  • #377
  • Sep 10, 2019 12:40am Sep 10, 2019 12:40am
Which outlook do you favour ?!

Sixer
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  • #378
  • Sep 10, 2019 3:34am Sep 10, 2019 3:34am
Quoting Sixer
Which outlook do you favour ?! Sixer {image} {image}
If 10K support holds, the first outlook. If its breached, the second outlook.
Money = Labour coupons
  • #379
  • Sep 10, 2019 4:00am Sep 10, 2019 4:00am
Quoting Sixer
Which outlook do you favour ?! Sixer {image} {image}
Great chart !
Actually this outlook does my favor:
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  • #380
  • Edited 4:17am Sep 10, 2019 4:07am | Edited 4:17am
Take into account that the Bitcoin Hashrate surges:

https://atozmarkets.com/news/bitcoin...00-quintillion

Sixer

Edit:
Bitcoin follows Hashrate ?

https://blockgeeks.com/bitcoin-hashr...eeks/?ref=quuu
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