Hello everyone and welcome to my public channel.
I decided to begin my idea stream with the master, the king, the big-boss of this market: BITCOIN :) Yeah, that you want it or not, BTC/USD is ruling this market. :) So here is the analysis.
As everyone is shouting out loud that it's the end of bear market and sees a new bull-run for 2019 I think we are not quite there yet. I believe very much in bitcoin for the long term but I think we may go visit the below 3k levels. There are quite some supports there, maybe 2600-2800, or 1600-1900, maybe even 700-1000 but I think globally the buy-optimism is getting stronger and bulls begin to slowly come out of their 2 years hibernation :D
I'll do another chart later to illustrate my thoughts.
On the shorter time frame I think bulls are a little too weak right now to pump bitcoin in the next hours. We are in a big triangle but still on a little uptrend. RSI is forming a big divergence. I think for now we may revisit the 3800's levels but if this breaks the next stop is around 3600 and I even think we could see then much lower levels (even breaking 3k's). Maybe we will see a last pump this weekend to complete the divergence and we should head down for what I believe will set the low for the next weeks/months..
You liked my analysis and want more? Please press the Like button ;)
Use this link to register on BitMex and enjoy -10% on trading fees for 6 month: www.bitmex.com/register/1rb1a0
If you want to trade ordinary markets with BTC , WCX is a promising trading platform, with leverage: wcex.com/?ref=MobJKN...
I decided to begin my idea stream with the master, the king, the big-boss of this market: BITCOIN :) Yeah, that you want it or not, BTC/USD is ruling this market. :) So here is the analysis.
As everyone is shouting out loud that it's the end of bear market and sees a new bull-run for 2019 I think we are not quite there yet. I believe very much in bitcoin for the long term but I think we may go visit the below 3k levels. There are quite some supports there, maybe 2600-2800, or 1600-1900, maybe even 700-1000 but I think globally the buy-optimism is getting stronger and bulls begin to slowly come out of their 2 years hibernation :D
I'll do another chart later to illustrate my thoughts.
On the shorter time frame I think bulls are a little too weak right now to pump bitcoin in the next hours. We are in a big triangle but still on a little uptrend. RSI is forming a big divergence. I think for now we may revisit the 3800's levels but if this breaks the next stop is around 3600 and I even think we could see then much lower levels (even breaking 3k's). Maybe we will see a last pump this weekend to complete the divergence and we should head down for what I believe will set the low for the next weeks/months..
You liked my analysis and want more? Please press the Like button ;)
Use this link to register on BitMex and enjoy -10% on trading fees for 6 month: www.bitmex.com/register/1rb1a0
If you want to trade ordinary markets with BTC , WCX is a promising trading platform, with leverage: wcex.com/?ref=MobJKN...
Comment:
It's possible that we pump right away to 3900, even 3970-80 but I think this would then be a really bad sign for bitcoin. Only a clear break of the 4200-4300 levels would change my views
Comment:
Even with this big candle (from my point of view just a stop-hunt from the wales) I think we are still inside that triangle. Many analysts are calling for a long as they interpret this candle as accumulation but I don't see enough volume to take us over 4k (bitmex I mean).
Here:
you can see that BTC is still struggling with the 200MA (in black) on the 3h chart, RSI neutral, StoccRSI says we could go up but with this volume there is no way we stay for a long time over 3980... that said maybe a clear break of 4135 level would attract more buyers, let's see. For now I reamain neutral/bearish for the short term.
Even with this big candle (from my point of view just a stop-hunt from the wales) I think we are still inside that triangle. Many analysts are calling for a long as they interpret this candle as accumulation but I don't see enough volume to take us over 4k (bitmex I mean).
Here:
Comment:
I think the 30min chart says a lot. YES, this triangle begins to look like a (very ugly) inverted H&S but neither the volume neither the TA are telling me to take a long position. In opposite, I will probably begin to slowly build a short position. I'm just being patient. I think the triangle will break up maybe this weekend and we go one more time to revisit 4100-4300 levels before to go down (at least to 3500-3600, maybe less). If we break 4250-4300 levels - and I'm talking about a CLEAR break (4h/6h candle) then we should see but for now I think I'll just let the divergence play out or short if the triangle breaks (less likely now but still possible in this market).
Good luck ;)
I think the 30min chart says a lot. YES, this triangle begins to look like a (very ugly) inverted H&S but neither the volume neither the TA are telling me to take a long position. In opposite, I will probably begin to slowly build a short position. I'm just being patient. I think the triangle will break up maybe this weekend and we go one more time to revisit 4100-4300 levels before to go down (at least to 3500-3600, maybe less). If we break 4250-4300 levels - and I'm talking about a CLEAR break (4h/6h candle) then we should see but for now I think I'll just let the divergence play out or short if the triangle breaks (less likely now but still possible in this market).
Good luck ;)
Comment:
Booooooring :) still in the triangle..
Comment:
and still struggling with that 200MA..
