CryptoBullet
Bitcoin Dominance is now at 17 Month High around 62%. 🎯 The target of the channel breakout is almost reached. As long as resistance holds, BTC paired ALTs can recover 20-40%, but if it breaks higher than we'll meet the Bullish flag target, which is way…
❗️Look at that: Bitcoin dominance got rejected right in the area we pointed out 4 days ago.
Read what we wrote carefully: "High chances right now we are seeing the temporary top of BTC dominance".
So now BTC dominance officially goes off a cliff 📉
Also we warned you that Altcoin party was coming and it would be amazing. Hope you took into consideration that analysis and ride alts too.
Read what we wrote carefully: "High chances right now we are seeing the temporary top of BTC dominance".
So now BTC dominance officially goes off a cliff 📉
Also we warned you that Altcoin party was coming and it would be amazing. Hope you took into consideration that analysis and ride alts too.
#BTC daily
That flash crash candle reached right the resistance zone and got a strong reaction of buyers who stepped in. Alts held up relatively well from that drop (good sign).
Did we really imagine that 6400, the area most traded for BTC in 2018, would never be tested as support? Quite content with it happening fast and on a mega wick.
📈 Today we see a nice recovery candle, that gives credence to bullish continuation.
Everyone wants to see when we top on this irrational rally. So let's show you our guesses from the TA perspective. Let's take a look at the weekly chart
That flash crash candle reached right the resistance zone and got a strong reaction of buyers who stepped in. Alts held up relatively well from that drop (good sign).
Did we really imagine that 6400, the area most traded for BTC in 2018, would never be tested as support? Quite content with it happening fast and on a mega wick.
📈 Today we see a nice recovery candle, that gives credence to bullish continuation.
Everyone wants to see when we top on this irrational rally. So let's show you our guesses from the TA perspective. Let's take a look at the weekly chart
#BTC weekly
The weekly chart looks bullish and in terms of the time it shows 2 more weeks of upside. Weekly volume also looks amazing.
📌 Now let's talk about the price and where it's going.
👉 A weekly close above 8000 continues to be strong bullish.
Now BTC is heading toward the $8200 resistance.
👉 A close above $8200 on the daily/weekly would be extremely bullish and would target 9-9.5k, but might consolidate prior. If it doesn't close above 8200 and we get ranging, that would be good for alt coins. Alts love a BTC consolidation and as there are many bullish set ups across the board, it can result in alts rally.
💡Why 9-9.5k? It's 0.382 Fibo (which is a reasonable level of resistance) + it's an important horizontal level.
The weekly chart looks bullish and in terms of the time it shows 2 more weeks of upside. Weekly volume also looks amazing.
📌 Now let's talk about the price and where it's going.
👉 A weekly close above 8000 continues to be strong bullish.
Now BTC is heading toward the $8200 resistance.
👉 A close above $8200 on the daily/weekly would be extremely bullish and would target 9-9.5k, but might consolidate prior. If it doesn't close above 8200 and we get ranging, that would be good for alt coins. Alts love a BTC consolidation and as there are many bullish set ups across the board, it can result in alts rally.
💡Why 9-9.5k? It's 0.382 Fibo (which is a reasonable level of resistance) + it's an important horizontal level.
📰 BREAKING: AT&T Now Accepts Cryptocurrency Payments. This is a pretty huge news for #crypto
Adoption is spreading
https://about.att.com/story/2019/att_bitpay.html
Adoption is spreading
https://about.att.com/story/2019/att_bitpay.html
#BTC
🐂 BTC is in a very strong bull trend and it's hard to deny that. When the price is above the short-term moving average, the shirt-term moving average is above the intermediate moving average, and the intermediate moving average is above the long term moving average & when all these MAs are moving up, that's the definition of a bull market.
❗️But don't fool yourself. Anyway there's going to be a pullback. It's coming and is very close, but it seems that one more leg up is going to take place. The weekly chart shows that two weeks of upside left.
👉 Nothing has changed since the previous BTC analysis. We are looking at 9-9.5k zone as one that can potentially reject the price and be the top for this irrational BTC rally.
💡Currently BTC is at a very important point. The price is forming an ascending triangle. BTC is consolidating and the more it consolidates, the bigger & harder the push will be 💣 If we do break above the resistance at 8210, than things will get very exciting & high chances to meet the triangle target of 9400. We do foresee Bitcoin moving up.
📌 Important: BTC CME futures expire on the 31st of May. There's probably gonna be a lot of volatility on that date.
🐂 BTC is in a very strong bull trend and it's hard to deny that. When the price is above the short-term moving average, the shirt-term moving average is above the intermediate moving average, and the intermediate moving average is above the long term moving average & when all these MAs are moving up, that's the definition of a bull market.
❗️But don't fool yourself. Anyway there's going to be a pullback. It's coming and is very close, but it seems that one more leg up is going to take place. The weekly chart shows that two weeks of upside left.
👉 Nothing has changed since the previous BTC analysis. We are looking at 9-9.5k zone as one that can potentially reject the price and be the top for this irrational BTC rally.
💡Currently BTC is at a very important point. The price is forming an ascending triangle. BTC is consolidating and the more it consolidates, the bigger & harder the push will be 💣 If we do break above the resistance at 8210, than things will get very exciting & high chances to meet the triangle target of 9400. We do foresee Bitcoin moving up.
📌 Important: BTC CME futures expire on the 31st of May. There's probably gonna be a lot of volatility on that date.
CryptoBullet
🔥🚀 BTC is above 9k !
It turned out to be a pretty beautiful liquidation of both shorts and longs
So what now?
Long wicks of the candles and the fact that we are trying to break above 8300 is slightly bullish. BTC needs to stay above 8200.
📌 Important: BTC CME futures expire in two hours. We could see some more volatility.
Long wicks of the candles and the fact that we are trying to break above 8300 is slightly bullish. BTC needs to stay above 8200.
📌 Important: BTC CME futures expire in two hours. We could see some more volatility.
Guys, check out our BTC analysis on TradingView!
📌 We really advise you to subscribe to our profile to be sure that you won't miss any important updates. Also, if you like the idea, don't forget to hit the Like button!
https://www.tradingview.com/chart/BTCUSD/KpSUPIgR-BTC-is-Due-for-a-Pullback/
📌 We really advise you to subscribe to our profile to be sure that you won't miss any important updates. Also, if you like the idea, don't forget to hit the Like button!
https://www.tradingview.com/chart/BTCUSD/KpSUPIgR-BTC-is-Due-for-a-Pullback/
TradingView
BTC is Due for a Pullback for BITSTAMP:BTCUSD by CryptoBullet
We broke right through the high volume nodes. Firstly at 4k, than at 6k and finally we worked our way through the last major high volume node at 8k. So, that tells us that we are above the major areas of horizontal resistance. This is very intriguing. Pay…
On the 30th of May we published a BTC idea on Trading View. Here it is👇 Just press the play button and see how our targets got reached 🎯
https://www.tradingview.com/chart/BTCUSD/MO94E1PA-Will-the-Rsing-Wedge-Start-the-Correction/
https://www.tradingview.com/chart/BTCUSD/MO94E1PA-Will-the-Rsing-Wedge-Start-the-Correction/
TradingView
Will the Rsing Wedge Start the Correction? for BITSTAMP:BTCUSD by CryptoBullet
Since the correction is coming, it can start with the rising wedge breakdown.
In order to avoid a nasty outcome, we should stay above 8400.
Otherwise the rising wedge targets here we come!
If you like the idea, please, hit the Like button and subscribe…
In order to avoid a nasty outcome, we should stay above 8400.
Otherwise the rising wedge targets here we come!
If you like the idea, please, hit the Like button and subscribe…
⚠️ Make sure you have already subscribed to our Trading View profile. There’re more trading ideas waiting for you!
For example, here's an idea on Harmony (ONE), which was published 2 hours ago. And guess what? First target already reached for 9% profit! Press the play button and see.
https://www.tradingview.com/chart/ONEBTC/H6FtcI6Q-All-eyes-on-Harmony-ONE/
For example, here's an idea on Harmony (ONE), which was published 2 hours ago. And guess what? First target already reached for 9% profit! Press the play button and see.
https://www.tradingview.com/chart/ONEBTC/H6FtcI6Q-All-eyes-on-Harmony-ONE/
TradingView
All eyes on Harmony (ONE) ! for BINANCE:ONEBTC by CryptoBullet
ONE/BTC is about to complete the Cup & Handle pattern.
Wait for a breakout. If the resistance at 330 breaks, get ready for the targets!
If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates. …
Wait for a breakout. If the resistance at 330 breaks, get ready for the targets!
If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates. …
Check out our #BTC update!
❗️Don't forget to subscribe to out Trading View profile.
https://www.tradingview.com/chart/BTCUSD/tHyztFNh-BTC-Update/
❗️Don't forget to subscribe to out Trading View profile.
https://www.tradingview.com/chart/BTCUSD/tHyztFNh-BTC-Update/
TradingView
BTC Update for BITSTAMP:BTCUSD by CryptoBullet
200 MA on the 4h chart turned out to be a really strong support (currently at ~7580). Just few minutes ago it was tested again. If we loose this level, we are going to accelerate down since there is no support. It's open air utill 6-6.5k area.
What about…
What about…
Here's our new trading idea on ENJ/BTC! Check it out 👇
https://www.tradingview.com/chart/ENJBTC/7cLSJrjP-ENJ-BTC/
https://www.tradingview.com/chart/ENJBTC/7cLSJrjP-ENJ-BTC/
TradingView
ENJ/BTC for BINANCE:ENJBTC by CryptoBullet — TradingView
ENJ/BTC
Looks like it has found strong support at the 0.786 Fib in the form of a Double Bottom
Needs to close above the 200-Day MA
Targets on the chart
If you like the idea, please, do hit the Like button and subscribe to the profile in order not to miss…
Looks like it has found strong support at the 0.786 Fib in the form of a Double Bottom
Needs to close above the 200-Day MA
Targets on the chart
If you like the idea, please, do hit the Like button and subscribe to the profile in order not to miss…
💡Let's take a look at BTC rally from the on-chain volume perspective.
[ Never before in finance we had an asset which has completely different volume analysis, because every coin is tracked and along with trading volume there is on-chain volume. You can analyze the holding of that asset and how it privately changes hands ]
Investor flow is measured by NVT
⚠️ Look at how high the price of bitcoin got versus a flat NVT on the current BTC rally. And look how high it got in 2013 & 2017. Never before have we seen such a divergence so early in the bull market. According to this on-chain metric, BTC is grossly overbought right now.
So, from this point of view, this exchange driven pump is going to blow off. We should have a proper retrace and only then real investor flows will come in and drive the true organic bull market.
[ Never before in finance we had an asset which has completely different volume analysis, because every coin is tracked and along with trading volume there is on-chain volume. You can analyze the holding of that asset and how it privately changes hands ]
Investor flow is measured by NVT
⚠️ Look at how high the price of bitcoin got versus a flat NVT on the current BTC rally. And look how high it got in 2013 & 2017. Never before have we seen such a divergence so early in the bull market. According to this on-chain metric, BTC is grossly overbought right now.
So, from this point of view, this exchange driven pump is going to blow off. We should have a proper retrace and only then real investor flows will come in and drive the true organic bull market.
POLY/BTC
The chart looks really interesting.
Look at the volume profile: we are at the highest volume node; the point of control has been retested so many times that it seems once we surpass it, the firework will start.
Some hot news could easily drive it.
CMF & RSI show strength on the daily
Volume increase while trading in a tiny trading range, which testifies accumulation.
Should not close below lows. That would be bearish.
Upside potential is huge. 🎯 Targets on the chart are conservative.
The chart looks really interesting.
Look at the volume profile: we are at the highest volume node; the point of control has been retested so many times that it seems once we surpass it, the firework will start.
Some hot news could easily drive it.
CMF & RSI show strength on the daily
Volume increase while trading in a tiny trading range, which testifies accumulation.
Should not close below lows. That would be bearish.
Upside potential is huge. 🎯 Targets on the chart are conservative.
💡NEO/BTC is forming an ascending triangle.
NEO many times bounced off of the rising support of the triangle, constantly creating higher lows.
The ceiling was tested many times, so next time 0.00163 expected to fail.
🎯 Targets for a breakout to the upside on the chart
Breaking down invalidates the pattern.
⚠️ Always practice risk management.
💣Fundamentally NEO prepares for something big. NEO has so little attention today with this new coins, but accumulation we've seen on NEO looks impressive. NEO 3.0 coming next year can potentially be a game changer.
NEO many times bounced off of the rising support of the triangle, constantly creating higher lows.
The ceiling was tested many times, so next time 0.00163 expected to fail.
🎯 Targets for a breakout to the upside on the chart
Breaking down invalidates the pattern.
⚠️ Always practice risk management.
💣Fundamentally NEO prepares for something big. NEO has so little attention today with this new coins, but accumulation we've seen on NEO looks impressive. NEO 3.0 coming next year can potentially be a game changer.
Check out our #BTC update!
❗️Don't forget to subscribe to our Trading View profile.
https://www.tradingview.com/chart/BTCUSD/e6EdgBvz-BTC-What-s-Next/
❗️Don't forget to subscribe to our Trading View profile.
https://www.tradingview.com/chart/BTCUSD/e6EdgBvz-BTC-What-s-Next/
TradingView
BTC: What's Next? for BITSTAMP:BTCUSD by CryptoBullet
BTC had a very strong weekly close printing a bullish engulfing candle. Back in 2017 this led to continued uptrend.
So, this morning’s action is showing signs that that BTC will be going higher.
We managed to call the top on that doji candle and TD-9 just…
So, this morning’s action is showing signs that that BTC will be going higher.
We managed to call the top on that doji candle and TD-9 just…
📰 Russia to adopt the country’s major crypto bill “On Digital Financial Assets” within two weeks and they will pass a separate bill that will govern the ICO industry.
💡 This is good for WAVES which is the biggest crypto project coming from Russia. Also should mention Vostok - a universal technological solution for scalable digital infrastructure, which was developed by WAVES in 2018 at the request of organizations in the industrial, public and financial sectors, and are now working with major Russian government customers.
📈 The chart looks promising since WAVES is at a historical demand zone. A bounce off of it can take us 50% up.
💡 This is good for WAVES which is the biggest crypto project coming from Russia. Also should mention Vostok - a universal technological solution for scalable digital infrastructure, which was developed by WAVES in 2018 at the request of organizations in the industrial, public and financial sectors, and are now working with major Russian government customers.
📈 The chart looks promising since WAVES is at a historical demand zone. A bounce off of it can take us 50% up.
Recently Facebook announced details of its new cryptocurrency called Libra.
In your opinion, Libra is:
In your opinion, Libra is:
Anonymous Poll
38%
another fiat shitcoin / fake blockchain
47%
Global Coin (aka BigBrother Coin) to reinforce the control
15%
innovative cryptocurrency for people
📍Target launch for the Libra is scheduled for the first half of 2020.
Reminder: BTC halving is supposed to occur in May-June 2020
🤔 Just a coincidence or perfect timing the market ?
Reminder: BTC halving is supposed to occur in May-June 2020
🤔 Just a coincidence or perfect timing the market ?
📌 Libra's primary value proposition is a stable coin that is scalable.
Seems like their competitor is Tether or Ripple, but..
Here’s the thing: they are not competing with any of them, because Tether is the US dollar, and XRP is not stable (it has its own price discovery on exchanges).
👉 They are competing with IMF special drawing rights (SDR). It’s closest thing to it.
The only difference between the Facebook basket stabilized coin and the IMF version is that Libra is supposedly private money and SDR is supposedly public money. It would be nice in a world where there is one public money (like SDR), and one private money (like Facebook token with 100 other companies invested in that token).
❗️What we do not definitely need is Google’s money to compete Facebook’s money to compete with Amazon’s money. If you are a globalist, you would like those private companies to kinda merge together and give the world a single private money. And then you want the world’s governments to get together and give the world a single public money.
We need another cryptocurrency the way we need another language in the world (we don’t need it).
Seems like their competitor is Tether or Ripple, but..
Here’s the thing: they are not competing with any of them, because Tether is the US dollar, and XRP is not stable (it has its own price discovery on exchanges).
👉 They are competing with IMF special drawing rights (SDR). It’s closest thing to it.
The only difference between the Facebook basket stabilized coin and the IMF version is that Libra is supposedly private money and SDR is supposedly public money. It would be nice in a world where there is one public money (like SDR), and one private money (like Facebook token with 100 other companies invested in that token).
❗️What we do not definitely need is Google’s money to compete Facebook’s money to compete with Amazon’s money. If you are a globalist, you would like those private companies to kinda merge together and give the world a single private money. And then you want the world’s governments to get together and give the world a single public money.
We need another cryptocurrency the way we need another language in the world (we don’t need it).