TRXM19 TRX - double hammerI opened just now a TRX long trade on Bitmex.
TRX closed yesterday with a beautiful hammer, could be a nice reversal signal.
Probably today we will close with a hammer, just like yesterday.
There is a bull cross on the MACD, bullish divergence on the daily.
I also used the Binancce TRX/BTC chart. Yesterday the candle closed with a hammer. It touched exactly a major TRX support level @ 340 sat. This makes me think that we will see a solid reversal.
Setup can be found in the chart.
Like & follow if you want see more juicy setups.
PS: always use stop loss, preserving your capital should be your biggest concern.
Cheers!
Search in ideas for "BITMEX:"
XBT USD : $5920Hello!
I am slowly learning to post my analysis here on Trading View.
Here is a short term idea for $5920 with XBT USD on BitMEX.
Let me know, if you find it helpful.
PS: I have disabled all my drawings. That might look too scary. Honestly. I understand, without them it seems baseless to post such an idea.
Bitcoin Price Spread Between Finex & CoinBase Now At $350+The Bitcoin (BTCUSD) price spread between BitFinex and other major cryptocurrency exchanges is only one of the signals that are pointing an upcoming strong drop.
Just as I mentioned that this difference in price between major exchanges always leads to trouble, it also always happen after a top is reached, but there are more signals that tell us that Bitcoin will drop and these are showing on all exchanges.
Look at the volume for example. Trading volume has been dropping massively on both BitFinex and CoinBase, as well as other exchanges such as BitStamp and BitMEX.
Even with the Tether situation in place, bearish divergence in showing up on the MACD for the BitFinex chart.
BitFinex is looking just like Mt. Gox months before it went missing.
There is no steam left for Bitcoin to continue up, so we are very likely to enter a strong retrace, to load up before the next run... No worries, this is normal, Bitcoin will come back stronger once this is all done.
Thanks a lot for reading.
Please remember to hit like and show us some love.
Namaste.
Update on Bitcoin, support line is maintained for now.Bitcoin surpassed down the 0.236 Fibonacci Retracement levels, as mentioned before in the previous post we are looking at a bear setup especially if Bitcoin continues downward and breaks the red line, if this does not happen we could easily see upward pressure again.
A bullish movement is not ruled out, therefore investors must proceed cautiously. I have personally set up SL in breakeven.
We are already up 180% ( Bitcoin and Ethereum short) with 15% leverage in BitMEX. Now SL is set in entry levels, for further information check out the previous post.
[TRXH19][LONG][10X][145.2% ROE]Here I am sharing with you, my dear reader, a full TRON (TRXH19) trade on BitMEX.
We have super high leverage, as you like it and huge ROE potential.
Feel free to hit like now, if you want to, so you can encourage more profitable and high-risk, high-reward trades.
Note: Remember, these trades are for advanced traders only and high-risk... With that said... ENJOY THE TRADE!
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Trade: LONG TRXH19
Leverage: 10X
Buy In: 570 – 585
Time Frame: 4H
Targets:
(1) 595
(2) 610
(3) 640
(4) 670
Stop loss: Close 4H candle below 558.
Liq. Price: 542
Potential Profits: 145.2% ROE
Capital allocation: <6%.
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Namaste.
Possible incoming correction coming for LTC/LTCH19/LitecoinWhats up everyone! LiquidMEX back again as it has been awhile since i have posted any charts lately. I have
been very committed to teaching my PREMIUM MEMBERS how to effectively trade on BitMEX.
LTC looks like it needs a correction i could be wrong though as you can see above in the chart
i give my reasons on why i believe we will have a correction. NOW KEEP IN MIND the only way i feel
my chart will not play out is that if BTC pumps to around 3900 level. Over all i am quite confident that
we will see some sort of correction very similar to how you see my chart. I am currently in a SHORT POSITION
as i am looking to close my short anywhere from 0.01385 to 0.01280 levels. I will keep you updated on the outcome
of this coin as i believe we have A LOT of upside ahead of us for LTC!
THANKS EVERYONE. LiquidMEX
Bitcoin Analysis Multiple Time Frames (Breaks Above Resistance)Good Monday my fellow and successful cryptocurrency trader. The full moon is getting closer, so please allow me to entertain you for a few minutes...
We are going to take a close look at Bitcoin on multiple time frames... So perhaps you want to hit LIKE now, so that we can get started...
1 Day Time Frame:
Bitcoin is finally starting to show some strength and is now challenging EMA50.
Bitcoin (BTCUSD) hasn't traded above this resistance (EMA50) since September 2018. At that time, it only remained above it for a few days. If Bitcoin can break and close above this level, we can expect massive bullish action.
The RSI remains bullish, its highest since early November '18.
The MACD remains shy but is finally sitting on the bullish side.
As always, I am early, so this needs time to develop, but this the first follow up of a breakout by the bulls since mid-December which is good news if you are looking at Bitcoin on the positive side.
Let's continue with the longs and short.
LONGS & SHORTS:
LONGS have broken above resistance, reaching their highest point since April 2018.
SHORTS are also moving up, but they have some strong resistance to challenge from their ATH trendline (not drawn on the chart).
4 Hours Time Frame:
We are now looking at the second higher high on this time frame and above average volume compared to the past 9 days.
EMA300 (gray line) is the next resistance to break. BTCUSD is trading above it on BitFinex, but still below it on BitMEX.
The RSI remains bullish and allows for plenty of room for growth.
The MACD remained above the neutral zone and is displaying a bullish crossover.
All these are bullish signals.
Weekly Time Frame:
On this time frame, I predicted a breakout by late Saturday but it turned out that Sunday was the beginning of the move.
The week ended as a consolidation week, so we have an entire week to see how this recent bullish action will develop.
You can see my full weekly analysis here:
These are all early signal of course, since the 4H, daily and weekly candles all closed recently. We need at least a few 4H candles closing to have a better idea as to how the day will go, and several daily candles for a better idea on how the week will go.
Conditions for change: For now, the bulls are following up on the breakout that happened on the 8th February, but this can all changes if the price falls down and closes below $3533, followed by $3470 (which is our stop loss for our XBT LONG trade). If the above scenario is to playout, the above signals are invalidated and a new analysis will be needed.
My view: Bitcoin continues moving up and maintains its bullish bias throught this week and the remaining part of the month of February, with the casual retrace.
Now we remain bullish short term, and depending on how this week develops, we can change our view to bullish midterm as well.
What's your take on what Bitcoin will do next?
Please share your charts and ideas in the comments section below.
Remember to hit LIKE, perhaps now, if you would like to show your support.
Note: This is not a piece of trade advice. All of my trades are clearly marked and contain buy-in range, targets, stop loss and additional information.
Thanks a lot for your time.
This is Alan Masters... Wishing you the best always, because you deserve it... YOU DESERVE THE BEST!
Namaste.
EOS-BTC Long Trade PlanCommodity : EOS
Trade Type : LONG
Trading Against : BITCOIN
Pursuing this trade on Bitmex.
Entries : Double-UP Entries throughout the Buy Zone
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 - 1-2 weeks
Investment in trade : 5% of the total Trading Balance.
Leverage : 3x
Prospective Profit : 22.5% to 54%
Prospective Loss : 13.5%
RRR : SL to TP1 is 1.43, SL to TP2 is 2.14 , SL to TP3 is 2.86 and SL to TP4 is 3.5
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
Ripple (XRPH19) Trade Set Up Developing!Ripple (XRPH19) is setting up for a nice trade.
Last time we traded this falling wedge, we went ahead and generated up to 40%+ ROE. There was no momentum on the breakout.
A second opportunity is developing now as you can see on the chart above:
We have a bullish falling wedge pattern.
Early reversal signals.
Full retrace...
Let's trade!
Please hit LIKE to let me know if you would like a full trade (with buy-in, targets, stop-loss, etc.) for Ripple (XRPH19) on BitMEX.
Your support is truly appreciated.
Namaste.
Will TRON Continue Its Retrace?If Bitcoin is to move up strong, TRON (TRXBTC) is very likely to retrace.
Looking at the chart for TRON, it seems that it will continue with its retrace.
Remember we made huge money with TRXH19, over 90% profits within 24 hours shorting it on BitMEX.
You can see it here:
The weakness remains and it seems that Tron will continue retracing.
Now, if TRXBTC moves up and closes above 863 satoshis, then this analysis is invalidated and a new analysis is needed. This would signal strength and a new move up can start.
On the right chart, the first challenge is EMA10... A close above, below we remain with the same bearish view/perspective.
Namaste.
[TRXH19][SHORT][15X][93.75% ROE]Trade: SHORT TRXH19
Leverage: 15X
Buy In: 0.00000678 - 0.00000680
Time Frame: 4H
Targets:
(1) 0.00000664
(2) 0.00000650
(3) 0.00000640
(4) Hold............
Stop Loss: Close 4H candle above 0.00000695.
Profit Potential: 93.75% ROE
Capital Allocation: <5%.
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Here is a SHORT set up for Tron (TRXH19) on BitMEX.
Please hit LIKE to show your support.
Enjoy the trade.
Namaste.
BTC/USD two BULLLISH DivergenzesWe have now two BULLISH signs on the BTC/USD Chart. Looks very good to Break up to my first Resistance. First Resistence is the 0.382 Fib Retracement.
The next BIG Resistence is the 0.238 Fib Retracement. This is the biggest Resistence we can find.So NOW we have a LONG position in BitMEX.
What is your opinion?
Your Mikl_Owl
23.1.2019 Tron BitmexHey Guys,
Tron reaching double top on Bitmex. Wait for confirmation and short.
Wait for Engulfing candle, pin or shooting star. RR are good in our favour.
Ripple (XRPZ18) Price Action Update (3 Possible Scenarios)I am looking at the XRPZ18 chart for a quick update. Let's see what we can find... (HIT LIKE TO GET STARTED!) :
XRPZ18 has been in an uptrend since October 11 according to the chart above; higher highs and higher lows.
It has been taking the sideways path after the retrace from the last peak was completed... What will happen next?
Ripple will continue with a bullish bias according to the signals I am getting from the charts. The price can break down here but it will quickly bounce and resume up as soon as it finds support.
EMA50 (0.00008630) is our main support. If this level breaks, we test our next support at 0.00008250 with a final level of 0.00007200. This last level is the area most likely to hold if XRPZ18 breaks down strong. We can expect a bounce or consolidation here.
On the way up, the immediate resistance is sitting at 0.00008942. For bullish action, XRPZ18 needs to break and close above 0.00009116 just to start. Our main target is 0.0001059 after that.
The last scenario is sideways and we see it in play already... But with volume decreasing and the market about to make a strong move... This scenario isn't likely to continue... Maybe just a few more days before a break... We will keep an eye on the charts.
This is an update for Ripple (XRPZ18) price action on BitMEX. If you found this article helpful, please hit LIKE.
Make sure to leave a comment if you have any questions or have anything to share with the community, I will be happy to answer.
Your support is truly appreciated. Always.
Namaste.
$LTC #LTCZ18 - Technical Outlook - Day trader ExplainsHello Lads and Ladies,
As we just had a live call, i want to make a small update on Litecoin. Especially for the trading pair on BitMex.
We have here on the pointed out green points, points of interest of multiple groups.
We just confirmed our previous trend and bounced back up to and above the 61.8% line.
Looking at it from this point on, we have a very strong historical support at 860 for LTCZ18.
Should we mange to have a close within the next 24 hours above it, it will be considered as a solid buy opportunity.
We have tested the 880 resistance but did not manage to hold it long enough. Therefore, we will most likely see a test there again and since we have an uptrend but a horizontal resistance we will most likely get squeezed out of this structure sooner or later. From my point of view, this will be pretty soon.
A nice play out would be towards 870 and then testing the uptrend line crossing 860. If we confirm another confirmation on this one, we will be able to break 880 comfortably and go further THROUGH 900 towards 920. All of this should be playing out within a week.
A break of 830 would confirm the break of the uptrend and most likely bring us back down to 810. Since everything is mooning and we see a lot of positivity coming back in, I expect Litcoin to move pretty soon as well.
Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins.
This is as always a delayed post, if you are interested in first hand news, feel free to join our group,
Cheers, TJ
[XBTUSD] Bitcoin Long 10x Play [50.28% ROE]Hit LIKE to show your support.
Bitcoin’ Long Play on BitMex. Enjoy.
Trade: Long XBTUSD
Current Price: $6423
Time Frame: Daily
Leverage: 5x (10x Max)
Current Resistance: $6818
Buy in: $6385- $6430
Take Profits:
(1). $6500
(2). $6520
(3). $6566
(4). $6600
(5). $6700
(6). $6744
Stop Loss: $6099
Profit Potential: 50.28% ROE
Capital Allocation: <5%
Enjoy the trade.
Long-term long, short-term long, then shortXBTUSD
*Note: This TA is based of the XBTUSD Perpetual Swap from BitMEX.
This is my first TA. It is highly recommended that my analysis is not taken as financial advice. Trade at your own risk!
Based off of my analysis, I am bullish on bitcoin (long-term). However, short-term, I am bearish. We should expect to see BTC to have a small pump before falling back, through our weak support, towards the strong support over the next couple of days. From there, I can expect a bounce but for now I am not sure up to where.
Overall, we are seeing lower highs for 2018 and mostly lower lows, however, recently, major crypto enthusiasts have called the "bottom" of the bitcoin and predict that BTC will soon begin to start seeing higher highs. For now, we are unsure if this is true and I will remain bearish until then. I am hoping to see higher highs and higher lows and if bitcoin continues toward this path, our bulls will start coming out of the woodwork.
I am hoping and predicting Bitcoin to see $10k by November if we continue toward the path of higher lows/higher highs. Unfortunately, I doubt that BTC will overcome the ATH set by last year but we should be relatively close.
Remember, this is my very first official TA and none of this should be taken as investment or financial advice. I will start doing more of these and try to improve over time. Creating official TA's are a great way for me to put learned material to use.
Please comment or leave feedback for any suggestions or recommendations.
-RICE GOD
@onetruericegod
XBT/USD TECHNICAL ANALYSIS. SHORT TERM BEARISH SCENARIOHello everyone, welcome to my short term perspective of bitcoin on bitmex.
Let's get right to it.I would like to start with the price action and then I will move on to the indicators.
We have a rising wedge formation, which appears to have completed and broken down on 6/3 at 2000 hours. Keep this time in mind , I will refer to it once again later on.
This rising wedge began forming after a bounce off of $7060 ( Strong support zone shown in pink). Price then rose to the .618 retracement( $7766 ) ,
completed the pattern formation, then ultimately broke down. Price also ran into the 100 EMA, and got rejected as well.(red arrow)
I would like you to take a look at the blue arrow. In the recent past(5/20-5/21), price also ran into the 100 EMA, got rejected, and ultimately broke down.
Price is currently testing the $7500 price level. Keep in mind that this is a STRONG psychological support level. Such as any other multiple of 500 or 1000.
Price will stay in this area for a while until either bears or bulls win the battle and take over.
The same sellers that were present during the first breakdown (5/21) could come back now and
drop the price again. It's clear that selloff has already begun, but how strong are these sellers? We don't know yet.
In the most bearish scenario, price can go as low as $6950. I would not be alarmed if price went this low.
Now I would like to move on to the indicators. Starting with the MACD. You'll notice the moving averages are not there.
I have removed them for visual purposes(side note: there is a bearish cross on the two ma's, not shown in my chart)
The MACD histagram began showing DIVERGENCE prior to the breakdown of the rising wedge pattern.
This means that the histagram provided the first indication that price may be on its way down in the near future.
Now I'd like to bring up the time of the original WEDGE pattern breakdown,
2000 hours on 6/3.(8PM if you dont know military time)
The MACD histagram curled downward unitl 2000 on 6/3, prior to breaking down under the neutral line( " 0 line). And price broke down with it.
Now I'd like you to have a look at the RSI. A similar rising wedge pattern occured on the rsi as well. It begain rising with the price action until it
tested resistance. It ultimately broke down at 2000 on 6/3 along with the price.
It's clear that selloff has already begun, but how strong are these sellers? We don't know yet.
I have highlighted the bearish and bullish scenarios. I hope this helps you improve your perspective and due diligence.
Please note that this is only a short term perspective. IF I am WRONG, and price bounces off $7500 and breaks above the .618 retracement, then awesome !
I will close my short position and go long. There is no problem with that.
I am still long term bullish on bitcoin, but I do believe that we are facing a short term
breakdown. Thank you for reading.
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** LEGAL BS: I am NOT a financial advisor. This is not FINANCIAL ADVICE or reccommendation to buy/sell BTC. This information is for educative purposes .**