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Midterm

Retest of 10.9k Possible Mid Term. Then What? Bitcoin daily shows strength closing above the .382 fib. A retest and sell off from 10.9k is likely and would confirm the descending triangle. If the descending triangle is confirmed and then sells of, breaking horizontal line support, I would be looking for a short to 8.8k. After that, 7.5k could become new support for another swing high. If the triangle is broken to the upside in the next few days, a retest of the 12.1k area is likely and could set us on the way to a new ATH.
BITMEX:BTCUSD.P
by bitboi
Bigger picture of where BTC is goingSome people keep asking me where we go, but the thing is as I previously explained, it is all about probability, no one can be sure on any of the time terms (If people really knew to predict every BTC move they would be very rich and famous in doing so), but my probabilities atm are: Short term? no one can be sure... we are in a symmetrical triangle as I showed previously... any break below it or above it will determine the short-mid term mood.. mid term? historical phases (last parabolic run, and the first time we hit 1k+ and had a big correction before the explosion) show that we have still a big correction, also the rise of the current parabolic was due to tether manipulation and exciting bots, also i didn't see real volume buying power, sentimental's aren't really that strong, and in fundamentals the technology is way behind so I don't see any institutions nor adaptation in at-least next 2 years... also if we explode with another parabolic move upwards then the crush is going to be much worst then I expect now, so mid term if we wont create ath, then we will see a 1-5.5-8.2k again (1-3 if tether dies, and 5.5 because we need to reset the current parabolic like we did with the previous, or at-least correct it to 0.7 fib' which is +/- 8.2k)... also excitement, and other values of moon boys give me the same vibes as it was when we got to 18k last time, and when we got to 1k for the first time way before that (both had long term corrections which no one believed could happen)... long term? I can see Bitcoin between 1-10m$ if the technology matures and succeeds, this is the stable zone for Bitcoin where 1sat = 1cent, when BTC replaces all fiat in the world (Or stays above all of them), when only multi billionaires can hold 1 whole BTC, when all BTC cap can hold all gold in the world and so on... Hopefully this answers your question.. Things can always change, by this is basically the vision which I hope to see..
BITMEX:BTCUSD.PShort
by Hedgehog_king
EUR/CZK 1:2 Risk Reward Ratio (potentially more) SHORTEURO pairs have been in a downtrend for quite some time already, while most have had a recent retracement leaving you thinking that you might have missed out and the wide stop losses arent worth it, its worth looking into more exotic and not as popular pairs that still havent reacted or are yet to touch the critical price points. The entries for this specific trade are quite basic and easy to understand whereas exits you have to be a bit more creative with Entry : Top of the trendline TP (1) : At 1:2 Risk Reward Ratio, or 50 Day moving average TP (2) : The support area marked at the bottom OR below (watch for breakout, if successfully broken keep the trade at your own risk until you determine or see a retracement (1D wick, incredibly oversold RSI etc.) Stop loss is not based on any pivotal points and is strictly based on reasonable percentage, we're not allowing a lot of room for error because the trade is based solely on the trendline, meaning that if/once its broken, we no longer want to participate/stay in the trade. RSI indicators are also showing overbought.
Short
by Xelhua
1
70% midterm potential on EthereumI'm not sure if you were around when ETH made a double top around $400 but I do remember it like it was yesterday. At that point, a friend bought it nearly at the second double top price. Just a few dollars below that. He did not listen and as a novice "crypto investor" he wanted to be smarter then experienced ones and even than the market itself. Traders that have been around for some time know that it's the riskiest to buy just before the breakout happens unless you have really solid ground and knowledge about why you are so sure it will. By solid, I don't mean "BTC went to ATH, so ETH will do it now also". It did not! At some point, he and his portfolio were down. Emotionally and financially. At least he did listen and did not sell at the bottom but he waited for some months before ETH broke $400 mark and for him to finally be in the profit zone. He bought high and nearly sold low. Instead of buying low and selling high. Right now ETH is relatively low. I wrote about that in the "Catch short term potential on ETH!" post that you can find in the links to related ideas bellow. This post is more about midterm potential. Maybe 70% is not much for somebody but if we do compare that to other financial markets it's great for a few weeks. Even for a few months. And the beauty is that you can buy it, put automatic sell order on the next strong resistance if you are happy with that profit target and forget about it. Financially and emotionally. As you can see there is a nice cup and handle pattern forming. It's should take us really close to that $400 resistance again. However, it all depends on what game you are playing but if you devote some funds to short-term play, others to midterm gain and leave the rest for longterm potential your emotional wellness can be well served. At the end of the game, health is more important than money and going thru the same stress as my friend did is for sure not good for your energy and well being. Sometimes even the close ones can get sick of you being under the stress all the time. You might get a bit more money but you might lose something even more precious. Is it worth it? PS: It's just an idea. It's not investment advice!
KRAKEN:ETHUSDLong
by Samoto
Why will Ethereum break up from triangle!It's quite clear that consolidation is happening inside the triangle. Here are the reasons why it will most probably break up and not down: - we have strong support from previous top (possibility of a false break down) - support is stronger due to additional Fibonacci levels, that worked nicely as support before (colored lines) - convergence on indicators is clear (higher lows on 4h) - we have similar movements as on previous lows (check WT_CROSS from LazyBear) - MACD spike on 1day graph was strong so the probability of local bottom is high (last spike down) - CCI is similar to previous dips (azure blue) - it will follow the market which is set by BTC that is bullish ATM I've also put down some resistances with first target RWR ratio if you want to play it really short term. If you like my work put like button so I will post more of it publicly. Thank you very much for your support! Enjoy! PS: It's just an idea. It's not investment advice!
KRAKEN:ETHUSDLong
by Samoto
5
Bitcoin Dominance On New Side-way Trend Coming!!!As you an see in above chart bitcoin dominance has broke the previous side way trend and now journey started towards a lower level side way trend as you can see since the ATH, btc dominance is falling down step by step altough steps are small but putting major impact on price. It seems hard for btc to reclaim new previous upper level dominance. I think if btc dominance fell below 67.36 even lower level after going few days in side way it might start alt season. During that time BTC will fell below the $8500 support and the next support will be around 7.5k which can boost the dominance again. Please Note: I've plenty of things to explain but because the lack of English language knowledge I can't explain. Don't mind my mistakes :)
CRYPTOCAP:BTC.DLong
by Umarzia
[Lessons from history]: BTC will push after consolidating!Bitcoin has been moving strongly in last weeks, but let's look out of the box for a minute. Seems many people have been focused on super short term graphs and gains while this great volatility was happening. However, even in short term trading, there are phases of growth, dips and consolidation before the next push. Look at the big picture can reveal some small important details and the other way around. Checking higher timeframes, pattern and trends helps you improve short term view. It's always nice to get a view from history. It doesn't happen in exactly the same way but usually, it does repeat itself in similar patterns. I propose to check up this graph closely and you might notice some similarities and differences from 2016 and now. We had a consolidation phase and then the push started: - price has grown nearly the same % - it has also fallen in similar % - Fibonacci level 50 holds in order for bulls to stay in place - volumes had 2 spikes - ... - ..and human psychology haven't changed much either. What do you expect next? Here is my view: Most probably we will be now consolidating and more or less oscillating around a certain price before the next big push up comes. Few % up or down is nothing in comparison to what and where we can expect Bitcoin to go if history repeats itself. That doesn't mean we wong go up or down in the short term, but it can be risky trying to catch the fish when it starts to swim fast again. Will you trade it and try to catch short term gains and/or will you mostly invest by buying the dips and getting a discount on the price? Don't forget that some traders make less than the ones that just hold the position (in the bull market). PS: It's not investment advice. It's just an idea! ;-)
KRAKEN:BTCUSDLong
by Samoto
0x - ZRX as bullish as it gets...Dear readers, this is by no means a genious technical analysis in any way - Iam aware of that. So put aside the TA teacher in you and just accept this as a friendly reminder - to not miss the chance on this awesome opportunity. In my opinion 0x is going to explode very soon the same way Chainlink did already! The fundamentals are awesome...: - team - tech - partnerships - exchanges - adoption Everything is on point! Yes - we may fall some Satoshis from here - yes maybe this is not the perfect entry point. But how important are perfect entry points? 1. Almost nobody catches them (even if many out there tell you so). 2. Who cares about the perfect entry, when you booked your 2x or more? This is no short term view - this is a mid term to long term hold to me. The line I painted may be misguiding, do not look at it like this is the way it has to go - its just a rough estimation to paint you a picture for your imagination. Still this is no financial advice - I would never talk somebody into putting his money into this insane high risk, high reward crypto space. As mentioned before - this is just a hint, if you like it - good, if not - fine with me as well. I wish all of you the best of luck - and have a nice day! If possible enjoy it outside and leave tradingview, coinmarketcap and all the exchanges behind at home - at least until the sun goes down ;). Cheers !
Long
by eminenceheld
1
GXS : Upto 100% Profits for the Mid Term.#Accumulation_Recomendation Pair : GXS / BTC RSI : 55 Note : GXS was one of the alt coins that doesn't show that much reversal pump up move when most of the alternate coins showed a good spike in Mid May. It showed a very good sign on the daily time frame with a engulfing bullish candle stick creation and VOLUME, MACD and RSI all showing a bullish trend start. Accumulation Area : 1400 sats - 1550 sat Distribution Area Short Term: Target 1 : 1650 sats Target 2 : 1721 sats Target 3 : 1885 sats Target 4 : 1721 sats Target 5 : 2013 sats Mid Term Target Target 6 : 2249 sats Target 7 : 2485 sats Target 8 : 2618 sats Target 9 : 2822 sats Target 10 : 3250 sats Stop Loss : 1230 sats Risk : Medium Capital Accumulation : 4%
GLong
by cryptotalk_et
ETH/BTC possibly just hit bottom and it may going up! ETH/BTC is forming a descending triangle, with a strong support at 0.02x zone, and soon the price can break it and maybe going up, why? Because now BTC is going up and up (for some days) but soon BTC/USD can be SOOO overbought, and a lot of traders may sell it for USD (for taking profits) or Alts (because now they're so cheap), and ETH is our first choice. So, this is my trading plan (mid term, like 1 to 6 months): LONG , entry at 0.026, margin 2x With a tight stop at 0.024 1st target: 0.04 2nd target: 0.06 3rd target: 0.08 4th target: 0.1 Sorry for my bad english, is not my native language, but I try my best. Regards!
Long
by jesus360
Current outlook at a new Bullish Cycle and Elliot Wave Cycle.Hi Guys, I have been fairly quiet since the long sad winter of crypto. However, I did accumulate quite a bit of Bitcoin in last December at the Average price of 3450USD. As everyone, I am also astonished about the turn events of BTC. Yes i feel like i have caught the bottom, but i expected atleast another year of slow accumulation Sub 6k This post today is to indicate a Scenarion of a New bullish Elliot Wave cycle in Bitcoin. Now if it is a New cycle we should count as a fresh start by counting 1 Major Wave (Pink) and one Minor Wave ( Blue) The Green Waves are correction Waves withing corrective waves in Pink. Scenario 1: Wave 1; Ends at 8,520 USD Rejection Wave 2 Starts; Flat correction. A to 6,800 USD B to 8,500 USD C to 6,800 USD Wave 3 Starts; Target : ( 1:1 Ratio of Wave 1 Minimum) 11,840 USD Wave 4 Starts; Steep Correction 8,520 USD Wave 5 Starts; Target : (1.618 of Wave 1) 15,600 Scenario 2: Wave 2 is a steep correction instead of Wave 4 Correcting to lower levels (5,800 Usd or worst cast 4,250 Usd), and Wave 4 is a flat correction that correct to higher levels 9900-10kUSD This is my current forecast at current price action and market sentiment :) This will change with nw price development and news. Good Luck fellow traders This is the current forecast at current price and sentiment
COINBASE:BTCUSDLong
by Dyviumld
1
ETH correction needed!ETH is around $195-$200 range. we are finding resistance around $200. I believe a correction to $260 is needed as ETH is lagging behind LTC and BTC i expect ETH to go up with higher highs and higher lows. there will be some falls while we go up. ETH is looking very bullish but if we turn down on $200 i will expect $185 then $170. DO NOT take my advice research it first! RESISTANCES: $200 $220 $256 $302 SUPPORT $185 $175 $160 $155 $149 Want more news? look at my cup and handle for LTC. Future of BTC. And my XRP news BCH.BAT.XLM news coming soon! Peaceee!
BITTREX:ETHUSD
by CryptoKidX