BTC (FINEX) INTRA-DAY BREAKDOWN - 19/12/18
Welcome to another episode of our favourite show - bitcoin brought to you by FELIX!
I stated in my last BTC (finex) breakdown that I would be concentrating more on FINEX as it is a bullish price leader for BTC and most often we see the first signs of bullish activity on FINEX. This decision is mainly to do...
Hope you all were safe during the dumpage.
Let me try to explain what happened here on the daily time frame.
Check out the red level and later the green daily support block and try to notice what happens each time the price goes down to it.
When we have repetitive pounding on an important support, but the price makes a lower high each time, it signal that the...
Buy in: 0.00000750 – 0.00000790
Stop loss: Close daily candle below 0.00000700.
More opportunities will always come your way... Oh, and remember...
YOU DESERVE THE BEST!
Earlier I shared a trade for Ripple (XRP) against Tether (USDT). Here is Ripple vs Bitcoin (XRPBTC).
We are going straight into action.
Upcoming events for Ripple (XRP):
- Uphold Listing (24 May). "You’ve been asking & we are excited to announce full support of $XRP will go live on Uphold May 24." Uphold is an exchange.
- ASROC Conference (16 June). "ASROC is a...
Verge (XVG) is ready for action once more. This altcoin does not need any introduction, it started to go up basically before every other coin and it went up massively. After a long retrace, Verge looks ready for some additional action. Let's start by taking a quick look at my daily chart and then getting into the details of this trade right away:
Bitcoin just woke up today and had a huge boost in price. Take a look at the last candle...
What's your opinion about this "pump"?
What are the "news" and events that you consider caused such a huge increase in such a short period of time? (Please share your opinion with us in the comment section).
The volume is great as well and this can be the start of...
I want to share different today. I want to share my daily Bitcoin chart with you, simply for your own entertainment and maybe some learning...
It is up to you what you do.
I am really hoping that you can enjoy it. Let's see what I have ready for you.
In this chart you can see some important support and resistance levels, in the short and longer term.
Bitcoin is now challenging strong resistance, which is the trend line (red dotted) created from the all time high reached on December 17.
This resistance point is sitting around $11,470, on BitFinex, and Bitcoin reached $11,660 today but the price quickly retraced.
At this moment, based on the daily chart time frame, we are trading near the 50 SMA price line...
Price moved in 3 long body 15m candles from 2460. to 2887. - needed to rest.
Price far away from ma's, needed to center back toward 50 sma.
Macd was far away from 0 level line indicating possible short pull back coming.
I will switch to a 5m chart to watch for the right pull back.
5m pull backs can be powerful because they can retrace back a lot of price.
Best Range Trading Strategy is...?
My preference is find the support/resistance levels and enter their breakouts with the break-hook-go strategy on the 15m chart.
I also watch the Macd for direction, pullbacks, & momentum moves.
What is your Range Trading Strategy - share with us in the comments below.