Bitcoinsignal
BIG WIN ON PREVIOUS IDEA" Profit from the next one LIKE & COMMEWell my previous idea was a big hit and am happy to give my private group to 10 lucky winners who "LIKE, COMMENT & FOLLOW" then you DM your telegram Id to be added..
Let's talk about the current move, In my previous idea I gave the exact time what will happen to BTC no one will do that no one! We formed an H&S inverse setup now we a trading above the neckline, if price fix below the neckline then we might be looking at testing the lower channels and if they don't hold then we expect the big spike. However on Mondays things get nasty so if we don't dump in 4-5hrs from now then a dump from those hours can lead to a big rejection which will take us above $10k region.
Wait for PA to take these, nevertheless I give my members exact call and how we will pay these step by step along side with me.
If yiu find these idea helpful go it a LIKE and COMMENT below!
BTCUSD local SIGNAL (LONG)Everything on the chart.
This is a signal from my basic BTC analysis for those who have not yet opened a long position.(link on my related idea will be lower, with a description of all the details)
If you are not already in a position, there is a chance to enter, on a small correction.
cancellation of growth consolidation under 7300
buy zone: on the chart
target zone: 7900-8100
stop: 7225 (depending of your comfort stop-loss)
risk-profit: 1 to 4
Please support my work by clicking the LIKE button and following the Trading View profile.Thank you!
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY THANKFULL for your donate. Also open to your suggestions.
XBTUSD: Climbing StrongBitcoin is confidently climbing to the first resistance in the $6000 area.
I don't think this relief rally can pass this level at the first attempt and I'm going to short around $5900.
Information is just for educational purposes, never financial advice. Always do your own research.
Bitcoin - The big secret revealed!Let's start with this; Why do I seem to be ok with BTC going down if I do not short BTC? Because after every parabolic move comes a big drop, the bigger the drop the bigger the next parabolic move. The best thing to do is to catch it near or around the bottom. Why is that? Simple, you'll triple or quadruple your money. As you can see it will be highly beneficial to see BTC go further down.
This is a very predictable cycle and the crazy thing is that all you have to do is learn minimal TA, be patient and wait until the obvious bottom is formed. What typically makes you NOT buy the bottom? When you listen to flawed TA, typically the analyst says "We are going to 2K" or BTC is dead and we're going to $600, which makes you avoid buying at an obvious low point. I heard this last time and as I was loading up at around 3K most new traders were waiting for 2K or $600. The truth is that no one knows where we are going, BTC is manipulated by the very exchanges where you trade and they are incentivized by a different motive, but they do stick to a certain set of rules and we can look for the entry points that we know they are likely to use as a bottom according to those rules. If you manage to control your urge to put your money in at some random entry point you can get into the tempo of buying the beginning of the parabolic move and sell towards the top. That alone will consistently at the very least double your money and at one point you can make a living.
As far as what we see on the chart above; The Green X which is "The optimal buy zone" would be a good place to commit some more capital, it is a logical place from where to take off, but we could try to go lower to entice even more buyers, which is why I would only advise using only a percentage. I see the $6500 area developing as a very strong entry area as well.
I will teach my system which starts with you trading a small amount and learn how to double it. Once you understand it very well you can trade a larger amount. For now, your job is to protect your money, it's hard enough to make it, don't give it away.
Follow me and you'll know exactly which coins to buy and when to buy to maximize your profits.
Hitting the "Like" button is like a tip, please don't forget to do so after reading.
NOW, THE LEGEND;
Support trendlines are green
Resistance trendlines are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white
THE TREND: Going Down, we have not made a new higher high
THE OUTLOOK: Expected to go down, unexpected if it goes up.
Bitcoin - What is going on? What's Next?I was able to find the range that we are stuck in a couple of weeks ago. Let's continue to stay weeks ahead and let's plan for what's next. The way I see it these are the two likely scenarios:
1) If we stay around $8300 and then bounce up to retest the 200MA then we'll possibly go over it and onto the $9500 area (Which is big because that will signal a healthy retrace and advance.)
2) If we go down to $8100.00 or below then we are going to retest the bottom and possibly pierce it ( which will signal that we are going to $7k - $6500.) The range that we are stuck in is very strong both support and resistance have reinforcements and backups so it is hard to see who will win until a few more moves, but now you know the important milestones and what to look for in the next few hours or couple of days.
My personal view is that we have tested and retested the 200MA enough times that a big drop is due.
A little heads up.
In case you were wondering my lines of support and resistance are always there on the chart but I fade or brighten them as they become relevant or irrelevant.
Death Cross of Death
Also, as I have been saying for weeks the impending crossover of the 50MA sliding under the 200MA will affect the price negatively. Find below a link to a detailed post I did about the dreaded death cross on the 1D timeframe (Link name: Be careful, this is about to happen). The point is that If we avoid it by somehow moving the price up by a lot then we are good, but if we stay the course it will happen, we might go up temporarily but we'll be inevitably going back down. The strategy here? Use this opportunity to catch alts at even lower prices, maybe as they double bottom.
The push up in price is due to money suddenly coming in(15billion came in and went out in a few hours), why is it coming in? To avoid the almost inevitable death cross here in the total market cap chart. Take a look at it and keep an eye on it.
The Genious of Support & Resistance
The chart above is a clear example of why support and resistance is the only technical Analysis strategy worth learning. The trendlines are now validated by the most important moving averages (the 50MA and the 200MA) I drew these trendlines a couple of months ago and here we are still using them. Elliott Wave Theory is a cruel joke, candlestick patterns are sometimes useful but not reliable, learn support and resistance and you'll make money, learn to have patience and you'll be rich, follow me and you'll learn how to combine both of these things.
Wisdom
In investment banking, there is a secret called the "90/90/90 Rule" which means that 90% of investors will lose 90% of their money in just 90 days. Just remember that large institutions are after your money, so don't make greedy unplanned moves, they are counting on you doing just that.
NOW, THE LEGEND;
Support trendlines are green
Resistance trendlines are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white
THE TREND: Still going down but near the bottom
THE OUTLOOK: Almost safe to buy BTC but let's wait just a little more.
Bitcoin Bears - Could We see 9400 again? Likely.Not so much a call but an observation. I feel we are going back to that box again. Not 100% confident on calling it a short just yet though. So let's just wait and see. If you have been short from higher positions you should be comfortable and in nice profit with stoploss locked in.
Bitcoin - This is an important update!Bitcoin was able to post an important up move that generated the first higher high in a small timeframe in a while. Bitcoin still has a long way to go and some obstacles to overcome in multiple timeframes for us to say that we are headed up. Let's go over the battles that BTC must fight. First, A while back on Aug 22, I showed you that when price crosses down below the 200MA on the 12H it tends to stay under for months. BTC did crossed down the 200MA on the 12H just five days after my warning on the 27th. Check out the link to that post below. As you can see the meltdown is not in one shot, it goes under and then above and under... Until it completely melts down for months.
Second, The green trendline on the 12H has now become resistance, that green line represents major resistance, it actually is the secondary trendline. BTC needs a lot of strength to be able to penetrate and stay above this line, so far it has stopped right on that line. In this timeframe in order for BTC to post a higher high we need to go over the channel line (faded red downtrend line) and around 12K, and that will not be easy. So far in this timeframe, we are still going downhill.
Third, In the 3D, we need to go above the pink trendline and the 10MA which is currently zapping the price. To post a higher high we need to go to 12.5 or higher which may not be easy. In other words, we are still headed downhill until we go over and above the obstacles covered here.
Bitcoin - How to find the battle zone and read it correctlySo the difficult thing about trading is trying to figure out the timing of your entry and exit. Is price low enough right now? will it go lower? The best thing to do is to learn to interpret the charts. To get the right clue you must find the timeframe and moving average where the battle is happening. In this case, the battle is in the 12H (12-hour timeframe) with the 200MA (200 Moving Average) If price closes below my black lines -- which the horizontal one is strong monthly support and the 200MA is the one coming from below -- it means we are going down. If price stays above the black lines it means that it will become strong support and may be used for an up move soon. We can not ignore the fact that we continue to close below the old trendline (the green line) which adds to the downside momentum, also we are lacking volume / Buyers. Would I jump in even though we are sitting on strong support? No, why? Too many red flags indicating a down move. If it goes up I will jump in on the pullback.
So what you need to watch to know what will happen becomes very simple. If we close decisively (a long candle down) or three times below the black lines we are positively going to drop to the next battleground which will be the 50MA on the 3D at around $8,400.00.
Stay safe and don't forget to follow me if you like simple and actionable TA.
Bitcoin to $5600 ? **BULLISH**Bitcoin seems to be looking slightly bullish at the moment but its never safe to catch a falling knife. Strong confirmations are good to know if its a real trend or a bull/bear trap.
In this situation, Bitcoin seems to be forming an Inverse Head & Shoulders with target leading up to price levels of $5600. This target has strong correspondence to a relevant and important interim support level that was hit while shorting on the way down from $6,000 causing the $5600 range to be a Key Level of Significance.
Things to look for:
If it breaks $4400, I will have a position open to enter at this range with a stop loss around $3800 - $3900
Good luck trading !
Premium trade signals
www.AlphaSniperCapital.com
28 Aug 2018 - BTCUSD - Price analysis, market report.Brought to you by CryptoSignals.Trade
Quick update on the Bitcoin market vs the US Dollar, after resistance broke yesterday, the bulls pushed the prices up to $6940, before the bears answered with some selling to do. Correction in the market here is quite possible as we are facing our next resistance zone, which is $7000 – $7200. Lets take a look at the BTCUSD 1hr chart.
On the shorter term the price action is testing the top of my bullish channel indicated on the chart, this also happens to be the next ceiling, bulls will have to push prices past $7k to get the fomo going in the market.
We can see from the momentum indicator that we could turn bearish soon, on the shorter term speaking. Traders on leverage would be booking some profits and looking for the possible quick short, please note, higher risk trading.
Should we face a correction here before we go higher, I would put support at around $6750 – $6800 on the short term, and $6600 should act as support on the medium term should the above mentioned levels fail.
Should no new fundamentals creep in to spoil the party, I am expecting a bit of consolidation in this price zone before moving up. Trading range to look out for, $6750 – $6950. Should we consolidate above $7000, I would expect the market to possibly test $7200.
On the flip side, should the bulls fail to keep prices above $6900, we will see some more corrections in the market. Safe trades.