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 {image}
Member
- #381
- Sep 10, 2019 6:28am Sep 10, 2019 6:28am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
- #382
- Sep 10, 2019 6:48am Sep 10, 2019 6:48am
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
Can you afford to take that chance?
- #383
- Sep 10, 2019 6:50am Sep 10, 2019 6:50am
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
Can you afford to take that chance?
BTC: Price: $10,270 | MCAP: $184.33 billion | 24-Hr Volume: $15.30 billion
Short-term trend: Neutral
Bitcoin is trading tentative above $10,200 a day after failing to capitalize on a bullish breakout on a intraday chart.
BTC rose from the one-week low of $10,060 to $10,542 in the European trading hours yesterday, confirming a falling wedge breakout on the hourly chart. The breakout implied an end of the pullback from recent highs and a resumption of the rally from the Aug. 29 low of $9,320.
The bullish setup, however, failed to draw bids and prices fell back to $10,250 at 16:40 UTC. Also, the outlook will remain neutral as long as prices are holding above $10,060.
If prices break below $10,060, the bearish setup seen on the daily chart below would gain credence, possibly leading to a deeper drop to $9,750.
On the higher side, a UTC close above the bearish lower high of $10,956 (Aug. 20 high) is needed to confirm a bullish revival.
Short-term trend: Neutral
Bitcoin is trading tentative above $10,200 a day after failing to capitalize on a bullish breakout on a intraday chart.
BTC rose from the one-week low of $10,060 to $10,542 in the European trading hours yesterday, confirming a falling wedge breakout on the hourly chart. The breakout implied an end of the pullback from recent highs and a resumption of the rally from the Aug. 29 low of $9,320.
The bullish setup, however, failed to draw bids and prices fell back to $10,250 at 16:40 UTC. Also, the outlook will remain neutral as long as prices are holding above $10,060.
If prices break below $10,060, the bearish setup seen on the daily chart below would gain credence, possibly leading to a deeper drop to $9,750.
On the higher side, a UTC close above the bearish lower high of $10,956 (Aug. 20 high) is needed to confirm a bullish revival.
Money = Labour coupons
What's up with bitcoin poppin on the Bolton news earlier? I don't really recall that kinda 
ever mattering. Institutional algos??
ever mattering. Institutional algos??
BTC: Price: $10,070 | MCAP: $181.25 billion | 24-Hr Volume: $16 billion
Short-term trend: Bear Trap
Bitcoin’s drop from $10,949 to $9,855 (Wednesday low) may be a bear trap, as selling volumes have dropped throughout the price pullback.
As seen in the chart below, the red bars have produced lower highs, meaning the selling volume, or pressure, has eased along with the price. A low-volume decline is often short-lived and ends up trapping the bears on the wrong side of the market.
Also, the pullback seen in the last few days has taken the shape of a falling wedge on the 4-hour chart. A breakout, if confirmed, would open the doors for re-test of recent highs above $10,900.
The breakout looks likely with the 4-hour chart moving average convergence divergence (MACD) histogram reporting a bullish divergence – higher lows contradicting lower lows on price.
The bullish case would weaken if prices drop below the previous long-tailed candle’s low of $9,855 with a solid rise in selling volumes (red bar breaches falling trendline).
Short-term trend: Bear Trap
Bitcoin’s drop from $10,949 to $9,855 (Wednesday low) may be a bear trap, as selling volumes have dropped throughout the price pullback.
As seen in the chart below, the red bars have produced lower highs, meaning the selling volume, or pressure, has eased along with the price. A low-volume decline is often short-lived and ends up trapping the bears on the wrong side of the market.
Also, the pullback seen in the last few days has taken the shape of a falling wedge on the 4-hour chart. A breakout, if confirmed, would open the doors for re-test of recent highs above $10,900.
The breakout looks likely with the 4-hour chart moving average convergence divergence (MACD) histogram reporting a bullish divergence – higher lows contradicting lower lows on price.
The bullish case would weaken if prices drop below the previous long-tailed candle’s low of $9,855 with a solid rise in selling volumes (red bar breaches falling trendline).
Money = Labour coupons
- #392
- Sep 11, 2019 12:03pm Sep 11, 2019 12:03pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
Can you afford to take that chance?
- #394
- Sep 11, 2019 12:31pm Sep 11, 2019 12:31pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
Can you afford to take that chance?
BTC: Price: $10,235 | MCAP: $183 billion | 24-Hr Volume: $14.52 billion
Short-term trend: Cautiously Bullish
Bitcoin is looking north with the 4-hour chart reporting a falling wedge breakout, a bullish reversal pattern.
The breakout has opened the doors for recent highs above $10,900. Supporting the bullish case is the moving average convergence divergence histogram's move above the zero line.
The case for a rise to $10,900, however, would weaken if prices drop below Wednesday's low of $9,855, although, as of now, that looks unlikely.
Note that a UTC close above the Aug. 20 high of $10,956 is needed to invalidate the bearish lower highs setup on the daily chart and revive the bullish view.
Short-term trend: Cautiously Bullish
Bitcoin is looking north with the 4-hour chart reporting a falling wedge breakout, a bullish reversal pattern.
The breakout has opened the doors for recent highs above $10,900. Supporting the bullish case is the moving average convergence divergence histogram's move above the zero line.
The case for a rise to $10,900, however, would weaken if prices drop below Wednesday's low of $9,855, although, as of now, that looks unlikely.
Note that a UTC close above the Aug. 20 high of $10,956 is needed to invalidate the bearish lower highs setup on the daily chart and revive the bullish view.
Money = Labour coupons