DMI on 4H and 1D indicate the pump from 3930 to 4030 was not a trending direction, a retracement for 4h and a shaking phase for 1D.
Potential ABCD pattern, if we don't have any further strong move.OI has dropped from 153k to 136k now at the time i am writting this, so i won't expect any big volatility in next 48H.
Funding fee go back to normal again, it seems...
We always think the bottom wave is complexe and it should be at least a 3-3-3-3-3 combination, but what if the whales have already entered and the wave is rather pure and simple.
Here is my bet, since Feb 7th we are in a new implusive wave. The wave 2 retrace perfectly at 0.618 area and now struggling back at 0.382.
Beautiful up channel, beautiful 1h rsi bullish...
As you can see, we have 2 possible different patterns here, it depends on how we count the wave and which exchange we use.
Some interesting facts: some whales accumulated many (more than 100k in total) since Nov dump. And their average entry price is from 3200 to 3500.
I prefer Scenario 2 ofc, but we will need some more TA when the time comes.
Be safe guys;)
Hello guys, i am back to business. Let's make some money together in this crazy market, huh? BITFINEX:BTCUSD
Let's start on 1H chart, we have seen some crazy movement yesterday, but we didn't break that down channel, and volume is keeping low during that 150usd dump. From what i can see, this a shakeout for the bulls, or you...
ADX shows we are near the top, daily rsi shows bearish divergence.
trxusd may still have a up room because of btc uptrend, but trxbtc is definitely a good choice to short, especially when you are holding your btc long.
One strong indicator is in bulls favor now, guess what?
Bitmex funding x)
Bitfinex is the king for now who decide whether we break out or not, so far we haven't touched the necklin of IHS on bitfinex, and we will (highly possible) test it tomorrow.
i mean trading^^
Safe long on bitmex, 3950-4020
To be honest, as far as i have observed, the bitfinex margin long was opened by Whales mainly but not by small traders. First they have closed all their shorts during the last 2 weeks. And then They used big sell orders to scare the traders and triggered the bots to short, to fill their long orders. If these whales are from exchange its own, we may probably see a...
Today i share with you my first 2019 analysis about BTCUSD pair. This is a middle term (2-8 weeks) trading with clear targets as you can see on the chart.
From hourly adx we are still in a shake out phase. On BITFINEX we need to break 4080 resistance to validate the elliot wave pattern. Breaking 4350 to 4400 neckline with good volume could validate the...
Hello guys, it has been some time for a real analysis. Too busy these days because of Christmas, etc. Happy Christmas to you all!
A clear up trend has been formed, but most of "noobie" traders are still very bearish.
I am bullish at the moment, the trend shows us a high potential to push through the up channel and hit the 4400 resistance. After that the positive...