ショート

BTCUSD: Trade-Points Today

アップデート済

Bitcoin Sunday Update and Trade-Points
The counter-rally high early yesterday morning reached 7678,
just 5 points under the 7683 stop line as Bitcoin spent 24
hours moving sideways before plunging at midnight Gmt/19:00
Est as Japanese markets opened.
US trading volumes have hit new lows, falling from 50% last
year to 35% in April and now under 15% of trades are in
dollars. The American retail buyer may return some day but
for now Bitcoin's fate lies in Japanese and far Eastern hands.

And sure enough, price barely moved all day yesterday until
Tokyo opened at the zero hour. And as soon as it did, Bitcoin
began to fall away again.
So far the low today is 7268, a little below the 7281 support
line on Bitmex but the rally is feeble and unlikely to get far
above 7355-7385 range before falling away further to test the
longer term dynamic which is now at the 7183 level. Any
failure to hold this line during today will force Bitcoin lower
still to 7056-7050 initially and then once this gives way to
6493 where it should attempt to bounce again.
Shorts triggered on the break below 7579 line overnight can
stay short for now looking to close out on the test of the
longer term dynamic at 7183 and ready to enter short again
once 7175 is broken with stops above 7200 looking for a retest
of 7056 on Bitmex next, as above.

Bitcoin Update Bitmex
The two left-pointing arrows show buying at around 11:00 gmt and at 13:00 and selling from 00:00-01:00 with the green up-pointing arrows at 01:00 and 06:00gmt marking the beginning and end of the Far Eastern sessions.

Bulls from here need some US interest as they start to wake up Sunday.
First resistance looks to be at the 7289 line, getting stronger at 7355-7380. It looks unlikely to make it much higher than here though. If wrong at this point and Bitcoin can find buyers enough to break above 7380 will probably have to buy (if it does it slowly enough!) for minimum 100 points to 7453 and maximum to 7579 before it comes off again.
Downside from here - still weak below 7355-80 range, as per last comment above

If you don't like the idea of margin trading one other way to achieve higher gearing without the attendant risks of margin trading is to trade BCHUSD and BTGUSD when Bitcoin itself breaks an important pattern - today Bitcoin is down 3% or so but Bitcoin Gold and Cash are both down between 5 and 6%.
They are also often useful for confirmation signals across the 3 different coins.

BTGUSD

BCHUSD
Three good triangle patterns on BCH, BTG and BTC too

Bitcoin Rules All. Bitmex

Sunday 17:00gmt 12:00est High Noon*
ETHUSD Updated Chart

Alts Chart Updates
Most are making continuation patterns after Bitcoin's last decline overnight before they fall away again later.
This pattern only changes in the nearer term if the upper parallel of each pattern is broken above on rising volumes - which should then create refief rallies and force more bear closing if we happen to see it develop later - but unless we do this pattern is ultimately still bearish.

Bitcoin Bitmex Update
If this thing is going to halt it should be here at 7090 and down to 7050 - can drive stops low to just above 7120 and be ready to hit again on a break below 7050 or from 7200 later using the profit if hit as next stop.

Am dropping stop to 6825 - if stopped will look to short from higher again

Stop at 7120 not hit yet - dropping stop to 6825 - if stopped will look to short from higher again - still looking for 6495 -64876 at moment.
Next support below here is at 5887.

*for more active traders: For fastest updates in real-time, please see link at top-left of main page -

Monday
11:51gmt 06:51est
Bitcoin Futures Update
Short Tern Neutral Again but not out of the woods yet

Bitcoin futures - manipulation of prices ...maybe they could start with yesterday's opening action. If this data is to be believed it opened at 7120 and then fell in a straight line to the first support line at 6665 here before making a feeble bounce to 6810 and then falling again, this time to the 6604 line after a low at 6610. This level is a minor spike low from structure to far left of chart and shows how these old spikes often turn out to be quite meaningful later on in the game, even if they seem insignificant at the time.
On this chart Bitcoin is now moving in a 200 point range bounded by near term resistance at 6815 and near term support at 6610.
There's quite a big rejection spike from 6815 - curiously this is just below stops on final shorts from yesterday.
Its best hope now is for it to hold up until US opens and to find buyers enough from there to break above 6815 on Futures - that counter-rally should be worth following back to 7048 and 7200 at best if we see it develop later.

But at the moment Bitcoin is drifting on lack of interest either way, nearterm neutral but will remain vulnerable whilst unable to regain and hold the 6815 line here.
It now has to break below 6600 to trigger a quick break lower to 6481 (often the only way to trade it to place orders and limits on Bitmex beforehand most likely. The spikes often show imprints in the trail where other traders have done the same thing...).

On the downside 6481 must hold up today - any failure to do so will likely flip Bitcoin down to 5887 next. So 6481 is most likely the point that swings and day traders are likely to short more aggressively when broken with stops above, no higher than 6620.

Bitcoin Coinbase Chart Update
Synchronicity
The extent of the range is a little wider here, bounded by reistance at 6860 and support at 6666 - not bad for the number of the beast.

The low was 6000 and now 6666 (on Coinbase only) - kind of neat that it struck on the day after all the futures investigations were announced - but not on Bitfinex, which has the wildest swings of the lot.