We closed above the 10 SMA weekly and trading above the 10 SMA weekly (orange line.) Next resistance is the 20 SMA around $5.00; but I doubt it'll stop there. My signal is once we close and trade above the 10 SMA weekly for EOS/USD, it's a buy signal and hodl. That's it folks. I am long EOS and will be holding it for a while.
I'll give you a more detailed analysis than my previous post. BTC is preparing its cross and it'll consolidate a bit longer within this range to frustrate everyone a little more. After retesting previous high, expect a draw-back down to the 50 EMA to test support. We're only beginning the first phase of the bull market. This first phase is to shake everyone out...
There's a couple of ALTS that looks ready to fire off. In the crypto market, what you want to see is Bitcoin Dominance drop and BTC price to remain sideways. At the current time, BTC price is sideways. BTC dominance has not dropped just yet, but as you can see for TRON. We're on a horizontal support with WEEKLY CCI curling back to the upside and crossing the 50...
The entry is to accumulate when price gets closer to the red line (20 SMA Weekly.) Most people are drawing the symmetrical triangle, you can draw it however you want. But I've been looking at this as an ascending triangle with the bias to the upside. We're still in consolidation, so don't rush it. The signal is to wait for the Parabolic Sar to flip bullish...
I've been following BTC for a while. I haven't updated because nobody checks this tradinview page of mine, so I don't really update as frequent. If you followed my other platforms, you'll know that I was calling for downside previous to what I've posted here on tradingview. Anyways, here's the macro picture of BTC. Very easy to follow. The signal? Just wait til...
Bulls have been shaken out of their positions, futures premium are decreasing in value. Is it time to long? 12HR is showing support on 21 EMA with its horizontal support. Must close a candle above and open above to confirm. 4HR is showing bullish divergence (not confirmed yet) Once confirmed, if 4HR can close above the 50 EMA with another candle open above that...
A lot of folks are looking at the same thing, the symmetrical triangle. What happens when everyone looks at the same thing and expecting a bull break out? It does the opposite. I am starting to lean more bias down side to flush these bulls out of the market and then up-and-onwards we go, back up. There's bearish divergence on the daily. Today, within those...
I'll keep it simple. I am still long since 9,800 and have been holding since the golden cross has played out. We hit our first resistance on the 2-Day time frame around 12.2k - 12.5k. The second resistance if we break above 12.2k with a candle close/open is the local high for BTC around 12.5 - 13k. The blue box is the next target I am looking at to possible...
We currently broke the 10 SMA on weekly and closed below. For those who want confirmation for an actual break of the 10 SMA, you'll need to wait for the next weekly candle to open below before taking a short. Because price can close below, but open above the following week. For those who feel itchy for a trade, shorting under the 10 SMA weekly after the retest...
I've tried to clean the chart and made it more easy to understand and to read with less paragraphs. This is just a scalp idea, it is not for a long term hold position. Like I stated before in my previous analysis, any rally BTC make will be sold into as we're in an active mid-term down trend on the weekly. My target for this short term scalp is around 9.7k-ish. ...
These are the interest of areas, where the 21 EMA weekly resides. As this week candle close fairly soon, the EMA will move up higher into the mid 8000's range. There are many confluences in these area that traders and investors are looking at for a possible long term HODL position. Notice I said possible, not guaranteed. I've posted a chart last week voicing...
Longing here is risky due to the mid-term trend is down, not up. Taking a short after a rally will be more in your favor. This trading idea is more for the scalpers and for the public to have an idea what BTC is doing. I'll keep it simple. Yellow line - 21 EMA Pink line - 200 MA Purple line - 200 EMA Orange line - 10 SMA On the 8 HR time-frame, BTC is still...
So on what i see happining in the next few months (ETF Pending) is that we should see a break down of this triangle which should lead to next month taking us to new lows for the year most likely our first stop will be around the $5000 to $5500 mark. which is around the 30 month moving avg. we should play around there for a month or so before we test a even lower...
Short answer is no. In my last post i stated that bitcoin has had a bottom, and 3630. We'll after further analysis i found that we are simply just completing the 4th wave, before we go for our 5th wave. Bitcoin is gonna drop, from 4200 and all the way down to 3020, for the completion of the 5 waves, before going up.
XBTUSD went down to 4190 where we found a support for the moment. There was no big retracement, so I presume one might happen in the upcoming days. Im playing long for a retrace. This a counter-trend trade, so SL is mandatory! Remember, at any given moment anything can happen, the price is never too low nor too high. Max leverage recommended: 1:10, ideally 1:5....
We trade Bitcoin($BTC) Futures on Deribit. It is TEST our indicator and trading strategy... www.youtube.com Deribit 10% discount LINK: www.deribit.com Users who have signed up with a valid affiliate link will receive a 10% fee discount for 6 months Friendly advice: if you do not understand how to use it, you better refrain from trading