Hi Guys
XBT Short term shows a mini SYMMETRICAL TRIANGLE which can break in either way.
The plan is to short the top of the triangle with tight stop loss, and wait to buy it back at the other side of the triangle.
The range of price as of today ranges between 6500$-6200$
If you intend to sell the stop loss must be very tight as the price can breakup from the ...
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Everybody be talking about short squeeze ... But this is based on bitfinex exchange (which are at an all time high). This is incomplete data. Bitmex has 100x leveraging power and is 50/50 shorts vs longs https://www.tradingview.com/x/WlCbx5xV/
I suspect nothing changes (we trend down). I suspect we will have many spikes to clear out shorts and many to clear ...
Bottom / Top Finder just gave the signal to go long a couple hours ago, and already have topped out over a 4.0 risk/return ratio! With no top signal yet, we are holding the position for proper exit.
Both false signals shown could have been exited in profit but since the indicator did not signal it, we consider it a stop loss hit for those 2. (17/19 correct is ...
Despite not being able to officially break down out of $6,000, Bitcoin is essentially showing corrective price action which was very much required from the parabolic move to $20,000 last December. However, it is now becoming clear that Bitcoin's price action is becoming expanded on a timely basis where an entire year could be a bearish period with small "bullish" ...
COINBASE:BTCUSD
BITFINEX:BTCUSD
BINANCE:BTCUSDT
BITMEX:XBTUSD
BITSTAMP:BTCUSD
BTC daily tgoughts
https://www.tradingview.com/x/GMfC0LdN/
1W. I see continuration of down trend. Price is Below EMA 50 . STOCH RSI indicating there is much more for FALL. Macd is also struggling to get to positive HIST. PA will not go UP siginificatly without these two factors ...
Previously, we've had several tries to penetrate the Moku cloud at 6.5k and several dump rejections occur at 6.3k-ish.
S1 should hold strong as RSI indicates oversold and LONGS should eye this area.
S2 should be broken along with the support trend line for it to go bearish and reach S1.
R2 will indicate XBTUSD price action in the near future. However, ...
With all of these following dates to watch, we are expect ranging market still continue till 29th - 30th September this year. This opinion based on the market psychology where people are expecting a result after the decision of ETF. If it got rejected then we will entering bearish zone and if it approved we're looking to enter resistance area and even more, a ...
