While studying XBT Contango and Backwardation I noticed a repeatable pattern that XBT was going into backwardation every month for the last 5 months around the same time. I don't have an answer for this, but my assumption is it has to do with commercial interests and how they are driving the XBT Futures market. The strategy does not always catch the top/bottom...
Hi guys, Today presents an interesting situation with the triangle that is forming. Granted, there have been large volume spikes and market volatility which makes the actual ABDCE count hard, but I think it is still there. The two primary options are either be a bullish reversal triangle triggering a movement upwards or a contracting triangle with a large move...
Take a look at this chart very objectively. I have added the Weekly Cloud along with the daily cloud to the Daily chart. Take a look in June 2018, when the Daily cloud crossed under the weekly cloud, it was the beginning of the end. Take a look now, the daily has once again crossed under the Weekly. The TTM squeeze also looks almost identical, which means we...
Hello fellow traders, Based my analysis, we should get one more leg down on BTC. My ideas are for entertainment purpose only and should not be taken as financial advice. Best of luck,
Hello traders, This is a quick short setup on H1 for XBT. My ideas are for entertainment purpose only and should not be taken as financial advice. Best of luck,
This is the line break chart for 1M BTC. The purpose of line break charts is to filter out market noise and give a clear indication of the current trend and trend reversals. It is very obvious that BTC was in a bull run since its birth and this bull run needs a serious correction. This correction has started not long ago on 2018. 2020 would be more bloody than...
Last 2 balances goes down. The price is in a empty (vacuum) zone, which means that historically there are no supports that could deploy the price. The only thing that can reverse the price in a vacuum zone is the formation of a wide balance with a huge volumes, which is goes in the opposite direction. So far, this is not happening. For now the price is being...
Hi all ! When we look at the XBT chart for a SHORT TERM. trade we saw SELL pressure around $95xx'ish ! And we can say we gonna see same pressure till next Supply-Demand zone ( It's around $84xx-85xx'ish) ! Because of that; we are keeping our SHORT position till that zone ( $84xx-85xx'ish). When we touch our target we gonna back to the LONG position for LONG...
XBT - SHORT TP:$8500-8400'ish ! STOP LOSS: 8880
Not faningle advice go ask yourself a pringle
In any scenario if I look into Bitcoin to be bullish, that can be ths move, I would say a move down first will be good, so people will close their longs and it will surprise them going up, where it should be rejected from the Resistance $9150. In any scenario a nice move above $9150 will turn me bullish else I will still eye $8300 level, You can adjust your...
This is where I think we are heading to. Short it down from zone to zone and/or fill the long_bags step by step.
Bitcoin price action break down important support at 8911$. Current hold above 8700$. Potential plan A target 0.618 fibs price level at 8553$, Next target Prev. Montly open at 8300$, Most bearish at 7950$. Volume: Sell pressure increased, confirm bearish price action. Indicators: RSI bellow 50 points, MACD bearish crossover bellow zero line. Bearish sign. S/R:...
Good day, Selling XBTUSD between 9450-9500$ with stoploss ~ 9630$ Take profit #1 - 8950$ Take profit #2 - 8530$ idea invalidated with 4H close and open above 9630$ . #RR ratio ~ 7 Good luck, Stay safe.
Blue Zone : Buy Zone Green Zone : Take Profits Grey Line : Best Entries BEST ENTRIES : $9335 | $ 9355