BTCUSD daily price action | Page 26 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

BTC/USD

Similar Threads

Bitcoin (BTCUSD) 2,224 replies

BTCUSD CFD Spreads 6 replies

BTCUSD Historical Data 0 replies

The fall of BTCUSD -cash it 77 replies

BTCUSD Strictly Pivot levels 168 replies

Attachments: BTCUSD daily price action
Exit Attachments

BTCUSD daily price action

  • #501
  • Oct 9, 2019 9:46am Oct 9, 2019 9:46am
Quoting cityRat
{image}
What happened? Anyone?
  • #502
  • Oct 9, 2019 1:23pm Oct 9, 2019 1:23pm
Quoting vanillaice
{quote} What happened? Anyone?
My expert analysis says the price went up, don't fight me on this!
  • #503
  • Oct 9, 2019 5:13pm Oct 9, 2019 5:13pm
Quoting vanillaice
{quote} What happened? Anyone?
Hum....

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 876 KB
  • #504
  • Oct 10, 2019 10:48am Oct 10, 2019 10:48am
BTC: Price: $8,520 | MCAP: $152.98 Billion | 24-Hr Volume: $20.91 Billion

Short-term trend: Bullish

Bitcoin clocked two-week highs above $8,700 on Wednesday and looks set to extend gains further to $9,000, having shown resilience following the U.S. Securities and Exchange Commission's latest rejection of an exchange-traded fund (ETF) proposal.

BTC's resilience has kept the doors open for an extended price rally amid the Fed’s move to expand its balance sheet. Technical charts are signaling scope for a rise to $9,000 in the short-term.

Bitcoin jumped 5 percent on Wednesday, confirming the impending trend reversal signaled by Monday’s bullish outside-bar candlestick pattern.

The MACD histogram is now producing higher bars above the zero line, indicating a strengthening of bullish momentum.

Further, the 4-hour chart is reporting a double bottom breakout. The short-term bullish case will remain intact as long as prices are holding above the higher low of $8,110 created on Oct. 9.

Long-term trend: Bullish

Bitcoin's long-term outlook is bullish, as mining reward halving is due in May 2020. The bullish case looks stronger if we take into account the strengthening narrative that the top cryptocurrency is a digital gold and a hedge against inflation.

Many observers believe the negatives interest rate era could force traditional investor to pour money into cryptocurrencies. After all, BTC is the best performing asset of 2019 and possibly of the decade.

Technically speaking, the bullish case seems to have weakened following last month's sell-off. Bitcoin closed below $9,049 on Sept. 30, confirming a bearish inside bar candlestick reversal on the monthly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: unnamed (5).png Size: 110 KB
Money = Labour coupons
  • #505
  • Oct 10, 2019 10:49am Oct 10, 2019 10:49am
Example of Judging the #Bitmex #XBTUSD Market Action using the Price and Buying/Selling Volume

Attached Image (click to enlarge)
Click to Enlarge Name: nFQ6wlY.png Size: 232 KB


We Have 3 downwaves A-B-C. All downwaves were finished around 8475.
1) Study the Profile of Each wave - They have "b" Shape.
2) Study the Selling Volume - We have a lot of Spikes in red Delta and Red Clusters around 8475.

So, we got signs of hidden strength around 8475. It seems that Professionals Accumulated the falling flow of coins using Buy-Limits.

Study the wave D. Here where Strength turned Real. We have breakout above the resistance line.

So, Bulls are producing big efforts to push market up from 8475 level. If they fail, this level will act as resistance.

OK, this all great. But how you can trade this situation?

Turning delta from red to green (circled blue) around SFDB line - is a rational setup to join the bullish campaign.
Oleg Alexandrov, market analyst. Find me in Google
  • #506
  • Oct 10, 2019 11:06am Oct 10, 2019 11:06am
Quoting vanillaice
{quote} What happened? Anyone?
Round four of quantitative easing indications.
Money = Labour coupons
  • #507
  • Oct 11, 2019 3:58am Oct 11, 2019 3:58am
Bull flag breakout rejected due to:

-Low bull volume on the breakout

-Market over exuberance

-Leveraged long positions getting liquidated

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 27 KB
Money = Labour coupons
  • #508
  • Oct 11, 2019 10:47am Oct 11, 2019 10:47am
BTC: Price: $8,335 | MCAP: $150.52 Billion | 24-Hr Volume: $19.23 Billion

Short-term trend: Bearish

BTC's quick pullback from a 2.5-week high of $8,830 to below $8,400 this morning has invalidated a bullish breakout on the 4-hour chart seen Wednesday, as seen below.

The failure to hold above the 200-day moving average (MA) at $8,654 has also weakened the bullish outlook on the daily chart and may have shifted risk in favor of a drop to $8,000 in the next 24 hours.

Bitcoin crossed the 200-day MA on Friday and jumped to highs above $8,800, however the breakout was short-lived and prices fell from $8,820 to $8,356 in the 60 minutes to 06:00 UTC.

The failure to hold above the long-term average may embolden sellers, possibly leading to the deeper slide to $8,000.

Long-term trend: Neutral
Attached Image (click to enlarge)
Click to Enlarge Name: EGkvQXcVUAA0mKq.png Size: 55 KB
Money = Labour coupons
  • #509
  • Oct 11, 2019 4:11pm Oct 11, 2019 4:11pm
Quoting TMR
BTC: Price: $8,335 | MCAP: $150.52 Billion | 24-Hr Volume: $19.23 Billion Short-term trend: Bearish BTC's quick pullback from a 2.5-week high of $8,830 to below $8,400 this morning has invalidated a bullish breakout on the 4-hour chart seen Wednesday, as seen below. The failure to hold above the 200-day moving average (MA) at $8,654 has also weakened the bullish outlook on the daily chart and may have shifted risk in favor of a drop to $8,000 in the next 24 hours. Bitcoin crossed the 200-day MA on Friday and jumped to highs above $8,800, however...
I agree we are likely headed back to 8k but I would consider that a neutral outlook short-term since we're just bouncing in that range like you said. I guess we see it the same, just have different time considerations.

Long-term I don't have much of an idea but when we see a sustained breakout either way, I see it ripping that way. I'll try to catch that wave when she comes.
  • #510
  • Oct 14, 2019 8:05am Oct 14, 2019 8:05am
Cuurently bearish intraday
Attached Image (click to enlarge)
Click to Enlarge Name: BUvwsVi.png Size: 101 KB
Oleg Alexandrov, market analyst. Find me in Google
  • #511
  • Oct 14, 2019 8:41am Oct 14, 2019 8:41am
BTC: Price: $8,260 | MCAP: $149.5 Billion | 24-Hr Volume: $15.03 Billion

Short-term trend: Bearish

Bitcoin has moved above the widely tracked 20-day moving average for the first time in nearly a month.

BTC's outlook remains bearish with prices holding well below the 200-day moving average – a barometer of long-term market trend.

The short-term bearish case looks stronger if we take into account the fading US-China trade tensions. Many observers had called a big move higher in BTC due to escalating US-China trade tiff.

A re-test of recent lows near $7,750 is not off the table.

Long-term trend: Neutral

Bitcoin's long-term outlook is positive, as mining reward halving is due in May 2020. The bullish case looks stronger if we take into account the strengthening narrative that the top cryptocurrency is a digital gold and a hedge against inflation.

Many observers believe the negatives interest rate era could force traditional investor to pour money into cryptocurrencies.
Attached Image (click to enlarge)
Click to Enlarge Name: unnamed (6).png Size: 107 KB
Money = Labour coupons
  • #512
  • Oct 14, 2019 2:48pm Oct 14, 2019 2:48pm
BTC seems to have found another, smaller consolidating triangle at this lower level (after breakout on Sep 24). Not much movement on the daily time-frame but some room to play on the lower TFs in the interim.
  • #513
  • Oct 15, 2019 8:19am Oct 15, 2019 8:19am
BTC: Price: $8,300 | MCAP: $150 Billion | 24-Hr Volume: $14.78 Billion

Short-term trend: Bearish

BTC has been restricted largely to a narrow range of $8,250 to $8,450 since Oct. 11.

The 4-hour chart shows the consolidation is preceded by a failed breakout and a rising channel breakdown – a bearish setup. Further, the cryptocurrency is struggling to rise above the 200-day moving average, a barometer of long term trend.

BTC risks revisiting recent lows below 7,800. The bearish case would weaken if prices rise above the 200-day average, currently located at $8,739.

Long-term trend: Bullish

Bitcoin is lacking a clear directional bias amid the US-China trade truce and the resulting improvement in the risk sentiment in the global financial markets.
Attached Image (click to enlarge)
Click to Enlarge Name: BTC-4-hour-chart-1-728x313.png Size: 73 KB
Money = Labour coupons
  • #514
  • Oct 15, 2019 9:10am Oct 15, 2019 9:10am
BTCUSD is relaxing right now
Attached Image (click to enlarge)
Click to Enlarge Name: RG8nDLE.png Size: 193 KB
Oleg Alexandrov, market analyst. Find me in Google
  • #515
  • Oct 16, 2019 8:11am Oct 16, 2019 8:11am
Quoting olegchartist
BTCUSD is relaxing right now {image}
Bears are in control at the moment.
Money = Labour coupons
  • #516
  • Oct 16, 2019 8:16am Oct 16, 2019 8:16am
BTC: Price: $8,000 | MCAP: $144.22 Billion | 24-Hr Volume: $16.10 Billion

Short-term trend: Bearish

Bitcoin has come under pressure in the last 24 hour and looks set to retest recent lows near $7,750.

Technicals are reporting a bearish bias. Notably, the weekly Chaikin Money Flow (CMF) which incorporates both prices and trading volumes to gauge buying and selling pressure, is currently printing a value of -0.14 – the lowest since mid-February.

A below-zero reading indicates that selling pressure, or the capital flight from the bitcoin market, is much higher than the buying pressure or inflow.

The indicator shows the market is now at its most bearish since February and the path of least resistance for bitcoin is to the lower side.

BTC risks falling to $7,750. The bearish case would weaken if prices rise above the 200-day average, currently located above $8,700, although as of now, that looks unlikely.

Long-term trend: Netural

The tug of war between the bulls and the bears ended with a 20 percent drop in September. Further, the weekly relative strength index is now reporting bearish conditions with a below-50 print.
Attached Image (click to enlarge)
Click to Enlarge Name: unnamed (8).png Size: 203 KB
Money = Labour coupons
  • #517
  • Oct 16, 2019 8:26am Oct 16, 2019 8:26am
Quoting TMR
BTC: Price: $8,000 | MCAP: $144.22 Billion | 24-Hr Volume: $16.10 Billion Short-term trend: Bearish Bitcoin has come under pressure in the last 24 hour and looks set to retest recent lows near $7,750. Technicals are reporting a bearish bias. Notably, the weekly Chaikin Money Flow (CMF) which incorporates both prices and trading volumes to gauge buying and selling pressure, is currently printing a value of -0.14 – the lowest since mid-February. A below-zero reading indicates that selling pressure, or the capital flight from the bitcoin market, is...
Attached Image
Member
  • #518
  • Oct 16, 2019 8:32am Oct 16, 2019 8:32am
Attached Image (click to enlarge)
Click to Enlarge Name: yL9NTnO.png Size: 208 KB


Current overview
Oleg Alexandrov, market analyst. Find me in Google
  • #519
  • Oct 16, 2019 8:49am Oct 16, 2019 8:49am
Quoting vanillaice
BTC seems to have found another, smaller consolidating triangle at this lower level (after breakout on Sep 24). Not much movement on the daily time-frame but some room to play on the lower TFs in the interim.
Slaughtered . We are broke the 8k mark and the short term support I had been eyeing. Where do we go from here?
  • #520
  • Oct 16, 2019 11:19am Oct 16, 2019 11:19am
I'm not one to short BTC, but I wouldn't be surprised if she went down to S1 @ ~7900.
Attached Image

Quoting TudorIoan
{quote} {image}
0 traders viewing now