Get started

Sfp

#bitcoin - Bart it up v2#BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART #BTC will #BART
Long
by Bromadic
BTC short term bounce possibility Let me begin by dissecting the higher time frames to set context to this idea. Quarterly Price broke through the high and has since then retraced to the .5 level forming a possible higher low. For macro trend change and confirmation of the higher low we would have to see a higher high form next. Monthly We formed a (marginally) higher high on the monthly which is a first bullish sign. Next price would have to print a higher high, ideally in the blue zone for max R:R (lines up nicely with bottom of the weekly range and the daily consolidation below). If we break the low on the monthly well.. Weekly Looks like a bullish quasimodo pattern to me. If it is then we typically see price returning to the range low before further upside. However we could see a retracement first and if we do this would be a good spot for it. Price is at weekly support and range EQ. A weekly close tomorrow above the range EQ would support this idea. Daily Not much to add on the daily. If we do go up from here I'm looking at 9200 area for my first TP (daily S/R) and the untested base around 9700 for full exit / dream short opp. H4 Price SFP'ed into an untested base and RSI is showing a bullish divergence (volume is lacking as it is the weekend but the pattern is there nevertheless). The is a slight risk that we go for a three drive pattern into the untested daily block but I'm taking my chances here. Entered on low risk and looking to add on the way up. Last note: i use candle closes to identify breaks in MS. That way I can easily visualise breaks on the line chart, even when breaks are tiny (for example because of low volume during weekends). Offcourse you can use candle highs and lows as well as long as you're consistent with it.
BITFINEX:BTCUSD
by Ohlala280
Crossroads for BTC folksOkay, what can we say about BTC today guys? Well, the one who didn't notice that absurd first 4h candle of the session was sleeping in a cave, but otherwise? We are once again in the presence of a swing failure pattern, folks, it is usually a reversal indication but with the BTC it is better not to take this for cash. The trouble area at the moment is still the same since it was broken down two days ago, between 7220 and 7275. The Bitcoin has tried several times to break the latter during this session without success so far. The indicators? While on short-term horizons like 1 hour, these latters evolve towards their overbought zone, in 4 hours the crossing has just been done. The technical situation is therefore rather positive in 4 hours and still neutral in daily with a WaveTrends that has still not crossed upwards. What do we do now? If BTC succeeds in breaking ( in closing) its resistance zone, a long on pullback is possible in order to target the 7400 level. Otherwise, a return to the 6800 seems to me unfortunately inevitable and we will then try to open a short position on retest of broken support. Take care of yourself, guys!
BITMEX:BTCUSD.P
by ArnJuDQ
Short - term upside for Bitcoin likely in the next few daysWelcome, don´t really know if I would call it a rally or a bounce but I do think we have some upside here, this is why: 1. after those two wicks stopped out and liquidated people left and right, price still closed well above the bottom of the bullish orderblock - the demand has not yet depleted 2. we have a swing failure pattern on a 4 hour chart: whenever that happens I usually look for price to run the other way 3. we also have a three - drives bullish divergence on the 4 hour time frame as well as a confirmed bullish divergence on the 12h 4. btc dominance looks bouncy All in all, if this will turn into a legitimate rally or just a relief bounce remains to be seen but a trade is here nonetheless. My primary target is a run above the previous swing high. Feel free to follow me on Twitter as I post a lot of exclusive content there: twitter.com Take care.
BITMEX:BTCUSD.PLong
by Mansasuma
BTCUSD. Will the range low hold?BTC has provided a weaker performance than I expected. My strong HTF bullish expectations rest upon the preceding HUGE impulsive move. I am still HTF bullish , the only problem is: I expected a breakout by now, which clearly is not the case. The price has now approached the support which is also defined as the low of the range. Moreover the previous low has been taken, which opens up a whole lot of an opportunity for a SFP (i.e price has probed the liquidity) If daily fails to hold above 8960 I expect price to slide to the 8600-8800 range where it would test the previously broken resistance from the other side. Keep risk under control and profits be with you!
BYBIT:BTCUSD.P
by rfelchuk
BTC/USD H4/D1 charts (1/31/2019)Good morning, traders. Yesterday, I advised our Discord members that I didn't like how price action and volume were acting around the $3450 range and was looking for price to target the $3400 level. Price made one more attempt after I stated that to rise higher, but then printed a bearish SFP and found support around $3400 which is the H4 S1 pivot. The move down to that level aligns with yesterday morning's update which stated we would likely see a pullback toward $3410/20. Bitcoin price appears to be printing a very nice TR between $3370 and $3440. Currently, price is sitting just below the 15 minute pivot. If it cannot manage to close above that pivot and target the top of the TR from here, then I will be looking for it to make a push toward the bottom of the TR before doing so. H1 RSI is sitting at 41.5 and hasn't touched oversold yet, suggesting the latter scenario is likely. H4 RSI is still low, currently at 41, and continues to have room to run, suggesting that the current move upward has a good chance to target the H4 pivot at $3530 which then puts price into our blue target box. I am still watching the yellow zone to provide support if price can close above it. This would likely open up a bullish movement above the orange resistance which should then see price targeting the R3 pivot/yellow descending resistance around $3900/$4000. None of this is to say that price will be heading to a new ATH from here, only that if price moves in that manner then that is what we should expect. The yellow resistance is significant so we should generally expect to be rejected at that point since the trend has been corrective for over a year now. By that same token, a close above it should signal more bullish strength and general targets of $4400, 4800, and possibly $5400/$5600. As always, each successive target requires monitoring of price action and volume as it reaches the previous target. At any of those points, we can see price get rejected. Everyone on cryptotwitter and their grandmother is now calling for a possible Adam and Eve double bottom to play out as price continues to drift lower. This is a possibility that I discussed when price first reached the $3100 level. We do have H4 demand around $3240, but in order for price to retain the orange wedge, while targeting that demand, we would need to see price continuing to drift down for another week or so. Any faster than that runs the risk of dropping through the bottom of the pattern. Until that happens, I will continue to monitor the H4 RSI and watch for a push through the noted resistance. Overall, volume has continued to drop and because it's doing so in relation to the movement down since the bullish run up in mid-December, I'm more inclined to believe that it is the result of demand overcoming supply in this area (i.e. still correcting the impulsive December run up). Again, this doesn't mean that I am saying we will go straight up from here, only that at this time we may see a reversal toward the $4400 area before heading back down toward $3000 once more. The positive side of this, for those who want to see accumulation occurring, and ignore the idea of price reaching sub-$2000, is that it would mean we are currently near completion of the ST in Phase A, and if Bitcoin is creating that large TR then that signals stability in the market and alt coins should continue to provide opportunities to profit. But until we see a higher high, above the $4236 swing high from around Christmas, traders should remain suspect of accumulation. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
BTC trapping sellers before one more bounce?BTC is currently in a very important support zone on the daily timeframe (range low). Although we've seen a large red candle two days ago, wicking into 3400s, there was enough demand to push the price back up and the daily candle closed back inside the range (potential swing failure pattern forming). The low wick has taken stop losses below, but the sellers failed to follow the push down. Ideally I would have liked to see the price fill the gap below and tap into 3250s and then bounce strongly to the upside, but we can't ignore what is currently forming on the chart here, which is why I'm posting this analysis. For validation of this trade, we want to see a candle close above 3565, after which I expect that area to hold as a regained support (currently resistance). Targeting the resistance areas above: 1. 3649 2. 3780 3. 3849 (less chance to be reached, but still within range) If the bulls fail to take over here (3530-3476) and push this above 3565 (local pivot point), then I doubt 3430 (weekly support) will hold for long. After a candle close below that level, we can expect 3330-3250 area to be reached next.
BITMEX:BTCUSD.PLong
by eyupium
2