Hello Traders, Going to be quick with the intro and summary here as this is a short term play and just shows where you can recognize the breakout points for a short term bull run or short term bear run. Overall Im leaning towards a correction to 8700/8600 ideally, and then an attempt over a mid term time frame to 11,600. Hope this chart helps you recognize...
It's all on the chart. Quick afternoon update. $BTC
Wow, trading in crypto currencies is a lot like being in the trenches during a war. Speaking from personal experience you can spend endless hours in the dark and the quiet when nothing is happening and suddenly BOOM it's all in your face. Just as in warfare, some of you may need to check the condition of you shorts after things go boom. I never trade on margin...
BTSUSD Short 7200 max price, after will stay a bit in of range 6500 to 7000. Until it will brake support and go below 6500. Next step... we will see)
On the hourly we can see that a nice ascending triangle is forming. 1/ We have confirmed 3 touches on the support and multiple flush touches on the horizontal resistance. I anticipate that this will be a small breakout given the overall bearish market. 2/ Given previous price action we could potentially test 8.5k but this will depend on buying power. If you...
We can see on the hourly that a bearish pennant has formed quite nicely - with 3 touches on the upper trend line and 2 now (awaiting this hourly close) on the support line. NB: trade will be negligible if candles fall outside of the pennant. That said: 1/ Long from support line to overhead resistance 8.25k (if feeling risky, 8.4k) - this has nice confluence as...
I'm pretty confident we've seen the last of the bearish BTC trend.. Maybe a few rough retracements, but as far as negatively influencing the Alts go, I think that's done.. This is a very good opportunity on a slow and steady coin, that should race up from today.. Take a close look at the fan and the slices on its inside.. They correspond perfectly as resistance...
More in-depth discussion and use examples of Heffæ's clouds as a follow-up to yesterday's video.
Sometimes you just gotta yolo the trigger on that 5% scalp to retest the highs.
Two falling wedges - both looking like fractals. Just different sizes. Falling wedges are a BULLISH pattern.
Broke the trend and touch the new 200 ema perfectly. New high are gonna be meet the next two weeks For HOLD TRADING: sell 20% of the coin at 4800$ and 6400$ For meduim trade: sell 10% of the coin at 2700 For margin trading: sell al at 2000$
Ripple is an interesting cryptocurrency that work with banks and with good partnerships. Doble channel and a probability of a spike to 0.80 cntvs and a good bull market easly up to 1.50 cntvs For HOLD trading: sell 20% in 5$ For meduim term trading: Sell 10% in 2.50$ For margin trading: Sell trade in 1.50$
Long entry requirement. *position size accordingly 1) Watch Volume to confirm successful breakout 2) Wait for price to retest the prior resistance trend line 3) Candle stick to close above the trendline Good luck and safe trading.
$BTC has been unable to breach resistance, going sideways against it. If it continues to go sideways, eventually it will tire out and we'll drop to support; the next supports are around $7700, $6900, and $6300. Although there is no support line around the mid $6000s, it is fully possibly for a rebound around that area due to how cheap it is and close to the...
Buy setup. Wait for retest and candle close above the trendline. Gl
Yen is uaually treated as a safe haven. Money may continue to flow out of JPY if the market continues to recover. Good fundamental and technical tailwinds
After calling the recent drop from 12k to 7.9k , I got the sense that BTC hasn't bottomed yet despite many calling the bottom. So I started looking for other indicators and pieces of data that may corroborate this hunch. Initially I started looking at the long (BITFINEX:BTCUSDLONGS) and short (BITFINEX:BTCUSDSHORTS) positions on Bitfinex as a way to gauge when...
I have been in USDT during this downtrend. Looking at the 4 hour we seem to have corrected. If you look back on the BTC chart during corrections. It loves the pattern known as Adam Eve. You can read about it here. thepatternsite.com It is a useful pattern to learn. Once you learn it you are able to spot it and make long plays. They dont always come off, but are a...