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8500

LONG BTC/USD TRIANGLE BREAK. *LIKE IF YOU AGREE*BTC/USC Will certainly test $8500 key support area which may provide an early entry for riskier trades. However, the price can also breakthrough leading to a continuation into lower 7k areas. This is why I'm buying once and if price tests $8500 support, reacts to it, and closes 4H above the descending triangle (lower highs). The strategy also allows for a tight stop and three targets at the following key resistances. Target 1: $9300 (+6%) Target 2: $10,000 (+12%) Target 3: $10,500 (+20%) Additionally, past divergence can be seen on the 4H RSI without a strong reaction following. As price closes near $8500 new divergence will form, supporting the previous part of the analysis. *LIKE AND SHARE IF YOU AGREE*
BITFINEX:BTCUSDLong
by UnknownUnicorn3102162
19.2.2020 - Bitcoin (BTC / USD)Hi Traders! Today we look at a bit specific bitcoin analysis. It will be about bitcoin but on CME futures exchange. Have you heard of CME gaps? Many people are starting to talk about CME gaps. How do these gaps actually come to existence? There are two options: CME doesn't trade futures over the weekend and is off. However, crypto exchanges normally work at weekends, so the first way is that there is a strong movement at the weekend and we open Monday at a totally different value than we closed on Friday. The second way is that bitcoin simply has such a strong up/down movement that it flies through the order book and creates a GAP. GAP acts as a magnet on the graph. Many people know about this, but they don't know the logic behind it. In the first case (the weekend), there will be many unfulfilled orders at that point. After a strong movement, the graph later gets tired and still comes after these orders. Of course, this does not work 100%, but in the vast majority of cases, it does. We currently have a GAP blank at a level of $ 8,500. It's extremely difficult to determine whether this gap is filled or not. There came a wick, but exactly to the edge. If the GAP is not completed in a given week, it will usually only be completed after a certain cycle has been completed. Will it be so? May the crypto be with you!
CME:BTC1!Education
by DolleroTechnology
Bitcoin panic drop incomming. $8500 / $7500 / ($6100)Bitcoin panic drop incomming. $8500 / $7500 / ($6100) Bitcoin is in a very very small trading range at the moment. A breakout of this range wil hit many stoplosses and take profits. The waves in this range are getting smaller and smaller. We tested 2 times the $10500 range but no break. So i think this situation is the same as the drop to $3200 . But Bitcoin will properly not test lower as $7500-$7300 . I'm surprised if it comes to $ 6100 range. Consolidating around $8500-$7500 can bring a altrun or season. Lets follow this up. Lets see what happend the next hours,days and weeks. I wil update this post. Like if u agree or disagree and share your idea! Good trading luck!
BITSTAMP:BTCUSDShort
by Mikki0416
2
Reversal Could be 8500$ Level - Bullish GartleyBitcoin performing 5 leg correction AFTER VERTICAL MOVEMENT. Current Pattern seems like Bullish Gartley(XABCD). B Reversal was bouncing from %61.8 level which is 9750$. C leg did not extent previous high. Price going lower to entry at 8500$ level (-%27.2). Also 8500$ level is fibo %50 which is movement of 3215$ to 13764$. Entry Long : 8566 $ Stop Loss : 6943 $ Take Profit 1: 9666 $ Take Profit 2: 11423 $ Extreme Target : 15299 $ This is not an investment advice. Investment is your own choice.
BITFINEX:BTCUSDLong
by PiriReis