Yesterday, the ETH could truly breakout from the wide balance (192-235) and start the uptrend.
But instead, the breakout was false and the price returned back into balance. And close to the Asian session the price showed a bearish initiative.
At the moment, for the bulls to take control again, the price needs to breakout 2 levels - 231 and...
The long/short ratio has recently rocketed to 3.80 while it has never been above 2.30, not even during late 2017. This means there currently is a 3.80 USD long position for every 1.00 USD short position on BITFINEX. Big price movement could soon follow as the market is so one-sided with the sentiment looking extremely bullish.
Continue to update BTC structure from previous posts. Bitcoin price is reversing in Descending Wedge (Falling Wedge) with RSI giving us Bullish Divergence signal. Projected take profit targets near 12000 and 12700 dollars.
As we saw price started to surge from 13200 («B» wave purp) with Bearish divergence on RSI and Ascending Wedge (Rising Wedge) breakout. I...
I found a quick short setup here. Now that we can margin trade on Binance, I am compelled to test it out!
I am grateful for comments, likes and shares. I can also be found on twitter @PonziThy
All the best,
Commodity : BITCOIN
Trade Type : LONG
Trading Against : USD
Exchange : BITMEX
Entries : Double-UP Entries throughout both the Buy Zones
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-7 Days
Candlestick analysis and Time frame strategy in the cryptomarket are things that you cant miss. Follow me for more sniper entrys and if you like my trades give this analysis a thumbs up, you help me a lot with that.
Margin trading is perfect in btc and xrp because you can find key levels plus candlestick analysis to be more confluent with the market. A very good ratio benefit to begin the week. If you like my analysis give this one a thumps up and follow me. Namaste.
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Volume Profile Resistance starts at $6000
78% Fib is at $5800
RSI and MFI are almost overbought, which could be reset by travelling to the bottom of the current...
Check out the ALL Longs vs Shorts Indicator, Click Here
It can display any pair's Longs/Shorts on BitFinex
The amount of Bitcoin short positions on Bitfinex fell by 20% this morning following a 6,500 Bitcoin short order being closed.
Usually a move of this magnitude would move the Bitcoin price up, but it didn't break $5,350 level of resistance.
The lack of...
Hello my Crypto friends! Look what i have discovered today... YES a repeated pattern
nearly identical to what we saw almost a month ago. I highlighted the uptrend in BLUE and
downtrend in RED. The current 61.8 fib support level is at 138 which is a very KEY support level.
If we break through $138 expect bounce of trend line as $138 support would turn into...
We have been in the process of forming this symmetrical triangle for almost 3 months now. Many call it a Bear Pennant but according to traditional pennant rules, it can't be longer than ~ 3 weeks. Though this is crypto, but it should be faster moving if you want to use that argument.
In either case, I have been tracking...