DemKos

DemKos Updated 

At this moment bitcoin is making a downward move. Is this just a pullback or is it a mid-term trend change. Considering all the confluence in the 8200-8000 area I'm leaning towards a pullback. Confluences in the area are: Fib .382 RH-RL, 21DEMA, 200DEMA and previous structure creating a demand zone. Because of the cluttering of support I expect at least a bounce...

DemKos Updated 

In this analysis you see bitcoins Premium Index on Bitmex, together wit Funding rate this has been on of the leading indicators of the past year. I've talked about it before in an idea of a half year ago and since then it has stayed key to price movement. The analogy is: When premium is negative and is coming up to a significant level for instance south of...

DemKos Updated 

Seeing re-accumulation right here on binance. As they limit buy sells are being placed at 9200.

DemKos Updated 

Something I have been working on for quite some. It is a scheme of how market makers move price and enter their positions. This scheme worked perfect in this range, combined with the 21ema 4h which seems to be respected a lot it is a winning strategy. Right now after this run up we are seeing longs closing. There is severel limit selling on GDAX and Binance,...

DemKos

Dollar recently broke down and retested the bottom trendline of its flag pattern. Next support is lower dynamic channel trendline. If that breaks a retrace to previous resistance or the .618 is likely.

DemKos Updated 

It seems we are coming to the end of this range, in this idea I will explain why I think we are in an accumulation range.

DemKos Updated 

Rejection of trendline, still in descending triangle. Its more and more looking like we go down again. Unconfirmed sell still. MM's are keeping it in a tight range. Seeing some huge limit selling on finex in the last hour. 12mil in 1h.... CB sold a lot on that spike up, mostly at 7200-7300. Im in a 1x short, looking to add more if we get a wick up because it...

DemKos Updated 

Btc bear trap just as last time. -Things to watch CB buy walls CME price below spot price Arbitrage prices on lev and spot Fillings of cb whale orders Open interest drop off They are all happening right now while the majority of the market is scared and selling into the limit orders of whales.

DemKos Updated 

Do as smart money do. Descending triangle pattern forming, 21D EMA pushing price down. Combine this with limit selling on binance and GDAX. Long liquidity untapped below 7000. This is gonna be a hell of a drop. Price could range here for some time to add fuel for the break down side, because it needs to be a high volume breakdown.

DemKos Updated 

First bullish case was looking really good, but with recent price action its getting more and more likely we break down.

DemKos Updated 

Short market is oversaturated and bullish scenario is getting more and more likely. Funding/premium is still negative on Bitmex and on Deribit. Support on the 350DMA Liquidity building on the short side, because funding is indicating majority of market is short. To take out stops and liq positions we only need to break 7500 could be domino effect after that.

DemKos Updated 

Dear Traders, Recently I've been playing around with Log/Non-log Fibs and charts. There are a lot of possible fibs we can draw but these three shown here, have most confirmed touches. We begin with the ATH-ATL (All time high - All time low) this fib is drawn from top of the bull run to december lows in 2018. Because of the time span of this fib this is the...

DemKos Updated 

For the past week bitcoin has been moving down to the major support zone. Down movement was in a stair pattern (step down, range, step down, range) all levels were predicted by previous resistence which were broken through on the previous run to the DMA so they became support. . Price dropped down retraced to previous support and then S/R flipped. After the...

DemKos Updated 

Deeper study into funding rates on bitcoin. Combining the funding rates with supply/demand, trendlines and Fib. levels is pure gold. I regret not finding this out earlier, credits to jacobcanfield for pointing it out. Of course we never know what the market is going to do. Thats why we as traders think in probabilities. First lets explain funding rates if your...

DemKos

First a perfect reaction of the .382 swing high to swing low and now a rejection of the 618. Levels to watch are a possible triangle trendline but buying that trendline would be to risky. Better buy would breakout of the downtrend triangle with a retest. If we get back to the 382 at 17.4 we could either have a V-shape reaction or we could smash through, that would...

DemKos

Clear view on bitcoin bottom might not be in, but bull market is not yet over.

DemKos Updated 

In this chart I combine the MA's, Support and resistance levels, Fib. levels, Patterns, Volume and RSI. Its clear to see that we just trade the Fib. levels from swing high to swing low combined with the descending trendline resistance. We broke down of the 100ma D but have now reclaimed it as support. We are still in the consolidation pattern but with volume...

DemKos

Still hard to tell if Dominos will continue this downtrend, but it looks like the bears are taking control here. In large it looks like we are still in a bull flag like we had in sep-dec 2018. But key diffrence is that RSI is below transition zone. Takeaway from this is that we will likely go down instead of going up. Best place to short will be the S/R flip or at...