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Bitfinex

BTC - 08 December 2019 - What are the Bulls up to?Bitcoin seems to be having a weird bear season while most of the people were certain for the moon to arrive. I am seeing tons of similarities with this period to 2018 bear season and 2015 bear season. I do not see an ATH likely in 2020 - however when it comes to crypto and stocks everything is likely... Considering a bull trap, it is likely to see 8300 which is our 50 MA daily and even 9k which is our 200 MA daily levels. If the trap is convincing enough BTC can move up until 11k before the next crash. But still I will go with the 8300-9k scenario. 7100 USD is the invalidation of this analysis - not with a wick with a nice candle body. Not a trading advice always do your own research and have a great day everyone!
BITFINEX:BTCUSDLong
by dacto
8
IOTUSD Mid Term Technical Analysis | IOTUSD Formed ButterfLyThe descending triangle and firm support: On bitfinext week chart since Sep 2018 the 20th ranked leading cryptocurrency is moving within a descending triangle , during this period the price action is hitting second time on the support of triangle and also at the lower bands of Bollinger bands . One of the main reason that the priceline is not able to breakdown the support sofar is that the volume profile of complete pattern is showing very weak interest of traders at the support of triangle therefore whenever the price action hits the support the selling interest gets weak and the bulls take charge and take the price action up to the resistance of this triangle so this time again we can expect the bounce upto the resistance of triangle very soon. The ichimoku bear cloud is also getting squeezed. The oscillators and MACD: The relative strength index ( RSI ) has entered in oversold zone indicating that the sellers will be weak at this area and if we see the moving average convergence divergence then it is still bearish and fast length and slow length MAs are moving sideways but soon they can give bull cross signals, the stochastic RSI is also oversold and it can also give bull cross very soon. The harmonic move: If we zoon the corner of the triangle then we can clearly see that the price action has completed the formation of bullish butterfly pattern which can lead to breakout of triangle lets have a look at this pattern. After initial leg the A to B leg is retraced upto 0.786 Fibonacci then B to C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg then final C to D leg is retraced between 1.27 upto 1.618 Fibonacci and here we have all legs driven as required for perfect bullish butterfly . Now we are in potential reversal zone of this pattern and from there the priceline should move up between 0.382 upto 0.786 Fibonacci projection area of A to D leg so this move has capacity to give upto 66% profit but if the candles sticks will be closed above 0.786 Fibonacci levels then the price action may have breakout from the resistance of this descending triangle’s resistance so we can set our buying and sell targets as below: Buy between: 0.2025 to 0.1713 Sell between: 0.2267 to 0.2858 Regards, Atif Akbar (moon333)
BITFINEX:IOTUSDLong
by moon333
Bitcoin In The Channel TrendsHey, everybody, I'm the developer of an artificial intelligence buy-sell robot called Mikabot. In the light of the information provided by the new "Channel Bender" module, I added dark horizontal areas to the chart. You see the dark horizontal areas in the graph. These areas work as a trend and are the resistance and support of the channels. The price of Bitcoin will probably find the new direction trapped between these trends. Let's see what happens.
by TraderMikabot
BTCUSD trading plan for next daysHi, traders. The wide balance with the range 6514-7384 goes up and the price hold above. Is very good for buyers. Now the price is consolidating inside the new mini-balance 7369-7658. Until we see a true breakout/breakdown of this balance, we should trade inside this balance from the borders, especially after false breaks. For now I see 3 options how is would be be next: 1. This mini balance goes up. The price will show a true breakout of 7658 and holds above. This will open a road to 8258. 2. The price decline to 7314 and rebound from it (false break with a tail) and then goes up test 7658. 3. The price decline to 7314 and make a true breakdown. In this case we will see a drop to 7150 or even 6915.. Watch the price action on balance borders and especially on 7750 - it's level for change mid-term priority.
by mooncatcherpro
DETAILED BTC - 27 November 2019 - Where are we heading?Death Cross - BEARISH We officially had our death cross on the 25th of october 50 ma - 100 ma weekly crosses - NEUTRAL Even though it seems like we are going to have a cross, we are not able to hold above this Last time we had this cross was the beginning of the bull market BUT the price action was above the cross, so I can not count this cross neither bull nor bear.. 20 ma and 21 ema weekly - BEARISH We are both below these moving averages which is SUPER BEARISH. These two are themost powerful support points for bitcoin in a bull run, bitcoin does not tend to go below these moving averages, however in todays market we are way below them... 100 weekly MA - BEARISH We have holded above 100 ma for a long time however last weeks crash sent us back below this ma which is super bearish. Our weekly candle has this ma as a strong resistance. 100 MA - 150 MA daily - BEARISH Since late september we have been below these two MAs, with the october bull trap it seemed like we were going above them but the candle bodies were not able to close above, so we are still on track, 24 percentage below these averages Weekly Gaussian Channel Price was holding above the channel for a while but now we have entered in the channel which does not generally happen in bitcoin bull runs. Of course touching the channel and holding it as a support is likely but inside the channel is scary, Daily Gaussian Channel - BULL We see that the price is below the channel right now. We had this trap back in 2013 as well. Daily Gaussian Channel - BEAR If this is not a bear trap - which is more likely - we see a pattern just like the old bear seasons, price hanging around the channel crashing and pumping.. Going way below the channel. Weely RSI - BEARISH Weekly RSI is not looking good at all. We are having lower lows and lower highs. Daily RSI - BEARISH Bitcoin was doing great with higher high and higher low RSI levels for a while, however the trend has been broken 10 days ago and we are back to lower lows. 65 RSI is really important for the bullish reversal, which is our previous high. We need a higher high RSI with a higher high Price action for the bull run. ADX Daily - BEARISH Trend has turned Bearish on 20th of November and it is gaining power which is not good. ADX Weekly - NEUTRAL Weekly bullish trend has ended for the ADX weekly. Now there is no exact trend, everything seems neutral considering ADX weekly
BITFINEX:BTCUSDShort
by dacto
3