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Get ready for one more leg up before the correctionAlthough the BTC is overbought on weekly and daily charts, we have an ascending triangle formation. Ascending triangle formations usually result in an upward explosion. In 4 hours, the stock RSI is headed up and Tom Demark count gave a green 4. I think the price will be moving up one last time before the correction comes. I think 5350 will be tested again. If that region breaks, the breakout takes place and the price can go up to 5629 (weekly MA50). Here is my trading idea for Bitmex: XBTUSD Long @ 5250-5260 TP1: 5320 TP2: 5400 TP3: 5580 SL: 5030 LEV: 1-10X ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
BITMEX:BTCUSD.PLong
by EylemCulculoglu
XBT INTRA-DAY UPDATE - 17/12/18 XBT INTRA-DAY UPDATE - 17/12/18 OUR MOST RECENT INTRA-DAY updates at 3610$ to open shorts till 3150$-3250$ WAS ACHIEVED! Moreover, once price was at 3300$, I made another update stating that we will probably see more bearish activity till 3150$ and at this price, we will be looking to open long positions again with the stated targets of 3300,3350 and finally 3427$. Like the wizard I am, we saw this occur and essentially the rejection is now coming in at 3427$. This is a new INTRA-DAY UPDATE and we will look at what to expect next for XBT, which is a futures product created by bitmex that is essentially controlled by the bearish cryptocurrency traders and XBT moves in line with BTC (finex), the other pair we focus heavily on from a bullish perspective as FINEX is a bullish price leader whereas MEX is a BEARISH PRICE LEADER. What can we see on the hourly charts for XBT ? - We can see that as expected we saw a rise to 3427$ and at this price, we saw the ceiling come into play once again. We can see that EMA 200 currently lies just below price at 3320$ on the hourly chart. We can also see that the nearest down trend line for major resistance is currently at 3610$ (another level we need to be eyeing up for further upward movement and a rejection as this is a clear resistance zone just like 3410$). - None the less, with general bullish price action looking very fatigued and with most momentum indicators at oversold levels, I feel that a rejection from this 3427$ level is imminent. We will need to keep an eye out for support being used at 3320-3300$ as this was a previous resistance zone and now a price floor. We can see that on the hourly, RSI/ROC (the bottom indicator) is extremely oversold and looks like a wedge out resistance on this chart is coming to an end. We will probably see a drop to the blue line on RSI/ROC for further support and this lies at the 52 LEVEL for RSI/ROC. Moreover, we can also see that on RSI, we have slightly spiked above clear bearish territory indicated at 81 level but I see a drop to the 60 level for further support as a necessary step for the next move XBT/BTC has lined up. - These drops in the short term will lead to 3300$-3250$ level, which was a previous price ceiling and now a price floor. What can we see on the 4 hourly chart for XBT ? - We can see that on the 4 hourly charts, just like the hourly charts, the bullish price action seems fatigued now that we are at the 3427$ ceiling. We stated in our previous INTRA-DAY breakdown for XBT that we should expect to see support at the 40 level for RSI/ROC and this was our indicator for a long entry on XBT. I also planned well ahead and stated that once we reach the 62 level on RSI/ROC, we should use this level as resistance in line with a price increase to 3427$. We can also see the black trend line on RSI/ROC, which was previously a support on the hourly charts and is now acting as a resistance - its important to note that this black trend line on RSI/ROC could be used as support till 3427$ once again to cause short REKTs on the hourly charts. None the less, on the 4 hourly charts, we can see that this black trend line on RSI/ROC is in fact a resistance in line with price and 62 level on RSI/ROC. - Moreover, looking at our RSI momentum indicator we can see that the 81 level, which was suggested as a resistance to keep an eye out for shorts is holding up very well on the 4 hourly charts. We can expect a rejection from this level to 37-30 LEVEL for support and this should be in line with a drop back down to 3250$. Now we can deduce that this level should hold for the bulls as support and we could even get some slippage back down to 3200$ in essence. What can we see on the DAILY chart for XBT ? - On the daily charts, we can see that MA is currently being used as resistance but we can also see that downtrend line currently lies at 3610$ and bullish activity to this price will not occur instantly but only after price drops have occurred on the 4 hourly and 1 hourly zones to our bullish support zones on our price chart and momentum indicators. Therefore, what I currently have in mind is that the BITMEX bears will drop price back down to 3250$ and 3300$ at the minimum in order to use previous resistance/ceiling zones as price floors for increased upward momentum to a maximum price of 3610$ on MEX! - We can also see that whatever bullish activity we receive will and should be considered a short squeeze and not a long term trend/ or even a medium term trend to the upside. We can see on our RSI/ROC indicator that we are near a breakout to the downside and our main focus should be to time our shorts to our next downward major targets of 2.1k,2800$ and most likely medium term support of 2950$. What can we deduce from all this ? - We should EXPECT a rejection from 3427$ for now but this may only occur after some sideway movement to highs of 3450$ as the hourly is currently at a brief but weak support. - To the downside, following a rejection from 3427$, we can target 3300$ as our first target and 3250$ as our second target. This will allow us to create higher lows and also eventually lead to higher highs before a breakout to the downside at 3610$. Moreover, for any reliable short squeeze to 3610$ to occur then we must return to previous major support zones first. ENSURE TO FOLLOW OUR INSTAGRAM PAGE DOWN BELOW AND CLICK THE LINK IN THE BIO FOR OUR FREE VIP CHANNEL TO STAY UP TO DATE!
BITMEX:BTCUSD.P
by UnknownUnicorn1824771
ETH Nearing OverboughtAs you can see between the two red trendlines. ETH/USD has been on a downtrend for a while just like BTC. I think we will either see a downward move as the RSI is reaching levels historically signaled selling as well as reaching closer towards that resistance upper trend line. We also can use that 21 MA as resistance. Could go up in the near short term 1-2 days to the 250's to 260's. If so that is a sell signal. If not we are going lower from where we are at currently. If you would like to save 10% on fees at Bitmex and have not yet opened an account or are looking to open a new one Use my referral link www.bitmex.com If you like the content I am sharing please like, comment, follow, and share with your peers! Thanks, Chris
BITFINEX:ETHUSD
by ChristopherCook
Short-term possible target 3.6k levels mid-term 4.7kThe Analysis : Right now we are witnessing BTC doing again the double correction structure waves WXY. This correction is healthy. Many TA guys and other financial analysts in the crypto space are really scared of the current moves. Their point of view is that if BTC breaks the 3800 area, we are likely to see a new bottom. It is possible and I am not saying this a completely impossible scenario. But in this case the whole Elliot Waves structure would need to be changed. Our play : Previously we accumulated BTC with a leverage going between x5 to x10. We put our orders starting from mid January by laddering them between the 3250 and 3450. Most of them having been concentrated around the 3350 area. We closed half our positions when we touched 4180 on BITMEX. Now, we are gonna accumulate again with the continuity of our previous investment idea. The accumulation points start at 3650 and go all the way down to 3500. If we break 3420 then we are likely to loose the uptrend momentum so we need to watch out and put our stop losses below this level. We recommend a x5 leverage on this investment idea and we are looking forward to some good profits as we are holding a mid-long term position. The chart above reflects this analysis and you can of course follow me and like this chart, you can also leave your questions in the comments and share this idea with fellow crypto-investors ! I will post another update as soon as we have more data and confirmation of the next moves.
BITMEX:BTCUSD.PShort
by HiddenTreasureHT
BITCOIN BEARS A LOT!BTC INTRA-DAY BREAKDOWN What has occurred since our last intra-day breakdown for BTC (FINEX) ? - Well, firstly, we stated on the 19th of December on our last full BTC INTRA-DAY BREAKDOWN that we would be focusing on BTC finex as its a bullish price leader and since then bullish activity has been more evident than ever. This is just coming from a fundamental perspective. ‘’We will look at BTC price action from a top down perspective and see what all the fuss is about once again about clueless people screaming that its bull run per usual - BUT MANY A TIME THEY HAVE BEEN WRONG AND WE WILL EVALUATE THIS SITUATION PROPERLY SO WE DO NOT GET CAUGHT UP IN ANY FOMO DRIVEN PRICE ACTION. ‘’ - Per usual, team FOMO has lost another battle all in all. - ‘’REALISTICALLY SPEAKING, I EXPECT FINEX PRICE TO TEST MAXIMUM UPWARD POTENTIAL OF 4435$ BEFORE SEEING MAJOR KNOCK BACKS TO OUR DOWNWARD TARGETS. If this occurs, then that would also mean that XBT will go on to test EMA at 4150$ and the ALTS we focus on will hit the upward targets which we have set before melting again. ‘’ >> Again, even though I was very pessimistic about our 5.2k target on FINEX being achieved, i clearly stated to you guys trading on FINEX that you should expect maximum upward tests of 4435$ and if you look at the multi chart view posted to you on priority, you will see that maximum spikes were only up until 4435$ before massive rejection to the downside and our maximum upside conservative target of 4150$, was also achieved on bitmex. This was in the midst of the whole world screaming 6k we go. ‘’We can also see that momentum indicators such as RSI are at common hourly support levels of 56 and RSI/ROC is at common support level of 56 too and tendency to test 65 level before a meltdown is high - this correlates with an increase to 4150$. If you are brave and want to short (I would advice against for now), then 4150$ wick would be your thing with support targets at 3800$,3750$ and 3650$.’’ - This has also occurred, except that we wicked to 4435$ instead. But, support was finally found at 6350$ after a rejection from 4435$. We will do the top down style analysis to look at possible price direction, that you should have become accustomed to by now. What can we see on the daily charts for BTC ? - Well, we can see that on our price chart we are constantly being knocked down by the descending resistance trend line in black and currently it is being used as resistance at 4450$. - We can also see that we has a bearish divergence on the daily for BTC and this could be an early indication of a retest of 3650$ and even more with wicks to 3483$ before any sign of support or any sign of breaking on to the next stage of this fan with a break of 4049$ resistance and earliest signs of bullish rebound coming in at 3800$ support (but remember this is all to happen later on and I believe in order for this to occur we will need to see a rejection to at least 3650$ and also 3483$. - To add to this, on the daily RSI is currently at an infamous resistance level of 56 and we could see another drop to 37 level RSI on the daily before support is found again. If 37 support is broken on the daily, then expect this to translate to 3483$ support being found and us heading to 30 level RSI (wicks could be down as low as 3323$ to create a double bottom and in this instance if neckline of 4435$ is broken then we would be heading towards 5200-5400$ before MAJOR RESISTANCE is found again. - Lastly, We can see on RSI/ROC on the daily that we are near last frontier of resistance at 63 RSI/ROC level and this is ALARMING for the bulls because that would mean they have ran out of momentum to the upside and thus a rejection from this level would be both necessary and also fearful for the bulls because a meltdown on the daily to 60 level RSI/ROC on the daily could take place. What can we see on the 4 hourly charts for BTC ? - Firstly, we can see on our price chart that currently EMA 200 is being used as resistance at 4050$ and we will definitely see a rejection from this level to 3800$ at the minimum. Moreover, this is inline with the fact that 4050$ is a psychological supply zone. - Furthermore, we can see that on RSI that we are currently near maximum overbought zones of 70-80 level on the 4 hourly chart for BTC. This is in line with our descending resistance trend line in black drawn on our RSI chart across all timeframes. Moreover, a rejection from this level would lead to support being attempted at 56 level, but with how bearish the daily is, it could be that the crucial natural level of 37 could provide support. - Looking at our RSI/ROC momentum indicator, we can see that we are at resistance level of 53 but we cannot rule out an increase to 56 level. None the less, either way around this region, we should expect to see a rejection from black trend line drawn on RSI/ROC and this will lead to support being found at the 45 level on RSI/ROC 4 hourly chart. None the less, realistically speaking the natural support lies at 43 level. What can we see on the 1 hourly charts for BTC ? - We can firstly see that support for BTC following wicks to 4050$ and with this zone holding as a solid supply zone in line with descending trend line drawn on price chart. We can expect first level of support to lay at 3900$ for BTC but I would say that this EMA support on the hourly won’t hold and we will see a rejection to 3800$ for first signs of support on FINEX. Moreover, until 3950$ is broken, then MA’s still act as somewhat of a support. We can also see a descending channel forming between 4435$-3650$. - We can see on our RSI indicator that we currently are seeing resistance level of 80 on RSI holding and that we should find first sign of support at 56 level RSI on the hourly and this should correlate with 3950-3900$. A break of this level, which I stated is more than likely then we continue the V like structure which we continually see from rejections at 70-80 level on RSI and thus natural support lies at 37 level RSI. Remember, RSI reacts faster than the other momentum indicators such as RSI/ROC, thus I would say if RSI/ROC sees a good rejection to 43 level on the hourly then 20 RSI for the hourly charts following a rejection from 4050$ and support at 3650$ would not be out of the play. I still do think wicks could be as low as 3427$ if bitmex bears can crush buy wall at 3428$ and 3610$ on XBT price. - We can see on our RSI/ROC chart that a slightly more bullish picture is being drawn on the hourly and infant support could instantly be found to see a retest of 4050$ and even wicks to 4100$ before another sad rejection but this time for real to our downward targets. In addition to this, RSI/ROC support lays at 43-47 level and these levels are naturally seen as supporting levels on these momentum indicators. To sum up : 1. Maximum upside activity at the minute on FINEX is 4100$ and downside is still holds precedence until 3650$ support and even more so 3483$ support. 2. Break of neckline at 4.4k still leads to resistance at 5.2-5.4k on finex but I can downgrade the possibility of this move with a early rejection from 4900$ as I believe the bulls are really weak even though there is a bullish vibe in the crypto community going into the new year. 3. We should be thinking short at the minute and BUY at 3483-3659$ in order to continue trading this range into a breakout. PLEASE SEE RELATED IDEAS DOWN BELOW ;) & don't forget to stay up to date with our calls by following our Instagram and telegram channels down below AND ON OUR TRADINGVIEW PAGE - CALL AFTER CALL CORRECT!
BITFINEX:BTCUSD
by UnknownUnicorn1824771
2
Crypto to watch: Bitcoin (BITMEX:XBTUSD)BITMEX:XBTUSD No actual bias at the moment (bullish or bearish). Despite the fact, that Buy/Sell Zones is in the green zone and EMA Cross indicates Long, the price is still in the range. 2 levels that may be considered as triggers: 19450 to the upside and 18264.5 to the downside. Breaking 19450 and holding above may be a Long trigger. As BTC never been above 20k+, targets may be according to Fib (up to 2 Fib, may be even higher) On the other hand, moving under 18264.5 and staying there may be a conformation for a correction – a Short trigger. First TP: low of the previous consolidation - 17563.5 Others may be reconsidered according to the further price action. Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
BITMEX:BTCUSD.P
by randomname11
Daily analysis XBT/USD 009Hello everyone, Yesterday went as expected, we hit our (orange circle) and almost our hourly support with a precision of one hour (which is nice). We seem to be hugging the lower side of the channel now and the hourly resistance moved down a notch to the $7200 levels. The MA's are not defined correctly in the hourly but as it sits this seems like a 2:1 long trade in this range , take it or not , either way this would be a very short term long. The Daily chart is more pessimistic with the HA candles in the red and the first real support at around $6500 There are 2 factors that might influence the price up or down right now: - The mining difficulty will hit ATH before halving , hopes for higher BITMEX:XBT prices here - The TVC:USOIL has seen the biggest drop in history ever recorder, this spells danger all over the markets , even bitcoin Follow us on live stream on Twitch for real time analysis and trading tools : www.twitch.tv Bitwolf Capital hedge fund : bitwolfcapital.com
BITMEX:BTCUSD.P
by SublimeTraders
Dumping again?BITMEX:XBT After our last successful short, we had some kind of a correction upwards and now it seems like we're ready for another short position. We can see that we had some kind of a double top and an immediate fall after that, our RSI and STOCH look like we ran out of power and starting to go down again and showing signs of divergence. Parabolic SAR has flipped, MACD is about to flip to the downside and our Ichimoku cloud is acting as a resistance and of course we're waiting for nina to confirm this ;) I will wait for as many confirmations as i can before opening a short position but this is worth keeping a close eye on
BITMEX:BTCUSD.PShort
by Gustav_Z
2
Tron (TRXH19) Is About To DropI can see an upcoming drop happening for Tron (TRXH19), we can see a double top and the RSI is overbought. TRXH19 is for BitMEX. TRXBTC is the pair traded on most major exchanges. TRXUSD for the dollar, etc. This chart is for TRXH19 which is exclusive to BitMEX and BitMEX traders. Same goes for BCHH19, EOSH19, ADAH19, etc. When you see XBT. This is referring to Bitcoin on BitMEX. When you see BTCUSD, this is referring to Bitcoin in general against USD. So when you see these you can better decide for trading since the price are not equivalent... Meaning, you cannot always trade TRXBTC with a TRXH19 chart. This is just a quick friendly reminder... What comes next is SHORT. Namaste.
TShort
by MasterAnanda
4