BTCUSD daily price action | Page 36 | Crypto Craft

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BTCUSD daily price action

  • #701
  • Nov 18, 2019 3:15pm Nov 18, 2019 3:15pm
Bearish short term on daily time frame. First target 7541 if it breaks that 6000
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  • #702
  • Nov 19, 2019 7:42am Nov 19, 2019 7:42am
It's plainly bearish on Daily.
Repeat after me, BEARISH!
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  • #703
  • Nov 19, 2019 7:49am Nov 19, 2019 7:49am
Quoting TMR
BTC: Price: $10,000 | MCAP: $178.83 billion | 24-Hr Volume: $16.74 billion Short-term trend: Neutral Bitcoin is looking north, having confirmed a bullish doji reversal on the 4-hour chart with a move to $10,000 yesterday. The cryptocurrency also confirmed a descending triangle breakout on the 4-hour chart yesterday. The pattern is still valid and has gained credence with buying volumes hitting highest since July 19 in the Asian trading hours today. BTC, therefore, could rise to the 50-day moving average, currently at $10,500, in the next 24 hours...
looks great for real, that a great put up nice piece of info. thanks cheers keep sharing your knowledge in this awesome platform
  • #704
  • Nov 19, 2019 8:05am Nov 19, 2019 8:05am
We have a red zone of balance on the background in the region of 9200. It was a balance that was supported by demand from positive news from China. Resistance was provided by the line of the descending channel and the entire huge zone of weakness, which developed during the summer and was broken down on September 24.
A red circle indicates a destroyed balance. Down-bars on rising volumes marked the beginning of a downtrend that is currently in effect. This down trend is limited by the lines of channel A and B.
After a series of traps, the price reached a round level of 8 thousand. I assume that a breakdown of this level will occur soon. This will cause some panic. Please note that many “stop-loss” buyers are “hidden” under 8k. Therefore, we will see a down bar on a huge volume, and then - a technical rebound up. For example, to resistance line A. Then there will be another attempt of bears to struggle through level 8k. If it turns out to be successful, then the price drops to 7.3k. This will be good news for the bears.
This is my main scenario.
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Oleg Alexandrov, market analyst. Find me in Google
  • #705
  • Nov 19, 2019 8:13am Nov 19, 2019 8:13am
Quoting olegchartist
Then there will be another attempt of bears to struggle through level 8k. If it turns out to be successful, then the price drops to 7.3k. This will be good news for the bears. This is my main scenario. {image}
Bulls seem to be defending $8K at the moment. I agree we may see $7,400-$7,300 if we drop below $8K.
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  • #706
  • Nov 19, 2019 8:22am Nov 19, 2019 8:22am
BTC: Price: $8,050 | MCAP: $145.45 billion | 24-Hr Volume: $23.51 billion

Short-term trend: Bearish

Bitcoin has confirmed a bear cross of the 100-day and 200-day moving averages (MA) leading to expectation of a greater drop in its price. Major support levels at $8,000 followed by $7,400.

The last time these two averages crossed on the daily chart was back in early 2018, when BTC fell by more than 60 percent before finally bottoming out at $3,122 on Dec. 15.

Hourly RSI is currently sliding below the 40 level and hourly MACD is losing momentum in the bearish zone.

Long-term trend: Neutral
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  • #707
  • Nov 19, 2019 8:58am Nov 19, 2019 8:58am
Market Capitalization it's an "inflated" lie, and you know it!
Spare me, ...courtesy, politeness it's hypocrisy when you're lying!
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  • #708
  • Nov 19, 2019 1:43pm Nov 19, 2019 1:43pm
Quoting olegchartist
After a series of traps, the price reached a round level of 8 thousand. I assume that a breakdown of this level will occur soon. This will cause some panic. Please note that many “stop-loss” buyers are “hidden” under 8k. Therefore, we will see a down bar on a huge volume, and then - a technical rebound up. For example, to resistance line A. Then there will be another attempt of bears to struggle through level 8k. If it turns out to be successful, then the price drops to 7.3k. This will be good news for the bears. This is my main scenario. {image}...
I'm not so sure that we are ready for the big breakout yet. Definitely can see your prediction happening and causing some volatility short term but I would expect it would then fall back within the range for a larger breakout later on. Whatever happens, we should expect some volatility coming. You can cut the tension with a knife!
  • #709
  • Nov 19, 2019 2:46pm Nov 19, 2019 2:46pm
I'm back in, 82 & 81, 30 min has been +ve for the last 15 bars at the bottom end of the boundaries, taking from the chart I can only act on what I see, as ever, good luck all.
I don't need to be good at the game, only good enough to beat my opponent,
  • #710
  • Nov 19, 2019 2:47pm Nov 19, 2019 2:47pm
Quoting detector
I'm back in, 82 & 81, 30 min has been +ve for the last 15 bars at the bottom end of the boundaries, taking from the chart I can only act on what I see, as ever, good luck all.
Brave soul, I hope you're right though!
  • #711
  • Nov 19, 2019 2:53pm Nov 19, 2019 2:53pm
Quoting Hasher
{quote} Brave soul, I hope you're right though!
H, thanks, is it due a break, not sure, neither the last stellar rise we had, been wrong before but acting on only what the chart dictates, it's a buy for me, could be licking my wounds, however the last profit still acting as many opportunities, never liked a conflicting view, would like all to be on the same side, good chess, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #712
  • Nov 19, 2019 4:20pm Nov 19, 2019 4:20pm
Seems the daily is on the 200 ma, last 2 bars touched/made contact, we seem to have a make or break from here, indicator lows at the same level as 117 bars back, the price hit 13k mark on revival, if the same patter occurs it will be stellar, many bears sitting on positions that could be triggered, as always good luck.
I don't need to be good at the game, only good enough to beat my opponent,
  • #713
  • Nov 20, 2019 9:00am Nov 20, 2019 9:00am
BTC: Price: $8,065 | MCAP: $145.97 Billion | 24-Hr Volume: $21.33 Billion

Trend: Bearish

BTC looks set to test support of the ascending 10-month moving average, currently at $7,714.

Initial support is at $8,000. If there is a daily close below $8,000, the price could retreat to $7,850 (38.2 percent Fibonacci retracement of $3,122-$13,880).

Daily and three-day RSI and MACD are reporting bearish conditions.

Hourly RSI is currently sliding towards the 30 level and hourly MACD is losing momentum in the bullish zone.

Long-term trend: Neutral
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  • #714
  • Nov 20, 2019 12:09pm Nov 20, 2019 12:09pm
Seeing some movement so got something right, just needs to extend the rise.
I don't need to be good at the game, only good enough to beat my opponent,
  • #715
  • Nov 20, 2019 3:43pm Nov 20, 2019 3:43pm
Quoting detector
Seeing some movement so got something right, just needs to extend the rise.
Me looking for this movement. We seem to be at a major support level so I am waiting at the moment.
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  • #716
  • Nov 20, 2019 3:53pm Nov 20, 2019 3:53pm
Quoting vanillaice
{quote} Me looking for this movement. We seem to be at a major support level so I am waiting at the moment. {image}
V, like it, maybe I was a one trick pony and had my few hours of fame when the last rise came and I caught it, LOL, 7900 seems to keep things on their toes, maybe something from here, just about lost the will, anyhow, the 200 still there and indicators saying "up" will someone let the price know, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #717
  • Nov 20, 2019 4:08pm Nov 20, 2019 4:08pm
Quoting vanillaice
{quote} Me looking for this movement. We seem to be at a major support level so I am waiting at the moment. {image}
Keep then lenses clean, you might just need em.
EDIT
first target 8400 then 9000
I don't need to be good at the game, only good enough to beat my opponent,
  • #718
  • Nov 20, 2019 5:15pm Nov 20, 2019 5:15pm
Quit the long position, sorry all, feel like an abandon ship, carry on without me, sorry, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #719
  • Nov 20, 2019 6:35pm Nov 20, 2019 6:35pm
Quoting detector
Quit the long position, sorry all, feel like an abandon ship, carry on without me, sorry, D
I don't blame you really, I still feel like the price could go either way but I'm feeling more bearish in the short term.

Get 'em next time chief!
  • #720
  • Nov 21, 2019 8:40am Nov 21, 2019 8:40am
BTC: Price: $7,870 | MCAP: $143.76 Billion | 24-Hr Volume: $19.29 Billion

Short-term Trend: Bearish

Bitcoin has slipped to a one-month low of $7,870 and looks set to extend losses with the hourly chart reporting a high-volume contracting triangle breakdown or a bearish continuation pattern.

Key indicators like the daily and three-day chart MACD histogram and the relative strength index are also reporting bearish conditions.

Therefore, BTC risks falling to support of the three-day chart 100-candle average at 7,714. That would be the first test of the key average since the end of April.

Stocks are also losing ground today with the futures on the S&P 500 reporting a 0.25 percent drop at press time. The risk-off tone is likely due to reports stating that the phase-one of the U.S.-China trade deal is unlikely to happen this year.

Long-term trend: Neutral
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