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Catching long trade in uptrend with 2 options4H charts shown us interesting zone 200. And we got two options how to chatch long trade. Number 1: Close 4H candle ABOVE 205 , then we enter long with SL at 194. Number 2: Price will go back bellow 200 and we enter trade at 195.1 ON TRENDLINE. FIBO 38.2 shows us support arround 188 so stop loss will be 187. Those conditions must maintain then the trend will continue in our long :D I think that Number 2 is more probable consider that longs and shorts possitionsis beginning to decline.
BINANCE:LTCUSDLong
by Exly11
Your charts are too messyI made a call a few days ago that we were in the midst of creating a giant W (on the 4 hour). So far that has been coming true. I was expecting there to be a bit more volume in this W creation but it has been pretty lame. Lame volume = unconvincing movement. I don't have confidence in this retracement. For the W to be completed in its traditional sense, it is supposed to make it past the /\ part of the W, and then ideally back to the price it was when the W began. As usual I have been watching BFX data. There was a 200 btc buy wall that was set at 7050. Somehow this buy wall was reached precisely at the beginning of the new/current 4 hour candle. Hourly volume over the past day or two has not been much more than about 1000 btc. This is a sign of a tough push. Low volume is always indicative of imminent downwards movement, so to have low volume in an uptrend? It kind of defies logic. I think the true rebound will occur at around the 6k mark. There must be a million orders in around the 5800-6200 range. I believe what will happen is that the W turns into a little hill, and that hill becomes a cliff for the last drop down to the bottom. Also, the 2 and 3 hour RSI are indicating bearish movement, and we have had a fairly decent run of sars (Parabolic Sar). The two hour is about to swap, and when the 4 hour does, that will be an indication that we're heading down for a while. I still believe that on, or within a week of, 12 April we will see the true bullish momentum start to kick in.
BITFINEX:BTCUSD
by hazloahora
Longest sideways movement this yearOne thing I was always taught was that bitcoin doesn't do sideways. Well, obviously it does. Either someone needs to restart the bot server, or whoever is keeping the price in this strict channel needs to work out what they want to do. Maybe we're in a negotiation phase. One whale (bear whale) wants to keep the price down, and is negotiating with another whale who wants to send it up (bull whale). Bull whale's nephew bought into crypto last week and is suffering a loss and is becoming disillusioned with the whole "future economy" thing, so now there's a board meeting to work out the new plan. Once that has been finalised, there will be some movement. They're probably writing up contracts this very minute. BFXdata observation share for today Walls The bots appear to be programmed to buy or sell the walls when they come up to the top of the order book. These may be big orders by entities other than the bots, which means wall buying is a way to take a big chunk of someone elses' money. Sometimes these walls are created by their own bot accounts as a way of psychologically instigating a trader hitchhike (just coined that term), which happens when traders see the walls appear and buy or sell into them. Buy walls are usually a sign that the price will crash significantly, and sell walls are a sign of the price skyrocketing. This is because orders stack up behind the wall and when the wall is eaten away (or removed on purpose), the market orders will continue eating up the chain. If the wall is monumental, for example greater than 1000 btc, they may be used to keep traders buying or selling above them. Once the bot wall begins to be eaten away, it will be removed and usually relocated to another price point to ensure the same behaviour is continued.
BITFINEX:BTCUSD
by hazloahora
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