Get started

Bitcoin-short

Fractal comparison for bitcoin, bear or bull? Bear!Hey, guys Just a few minutes ago, bitcoin surge about 1000 USD from ~ 9200 to ~ 10400. lots of pain for bears, especially whom holding high leverage short contract. But when I check the fractal for bitcoin, there is a pattern very similar to current chart, which happen in 11.Mar. 2018. The similarities are: Double top in 4H time frame. Bitcoin price break down the neck line of double top. Bulls tried to break up the neck line, but failed, price drop again, but high low formed. Price surge more than 1000 USD in very short time, and break up the neck line. RSI indicator pattern, pls refer to the chart, it explained itself. This activity (break up neck line suddenly) is try to liquid all of short contract or short holding. since large short holding are the resistance for drop(shorter will buy back in the lower price, buy activity is the resistance for shorter itself) . In traditional trading, most of shorter will open short contract after the price break down neck line, and set stop loss above the neck line. This is also the difference between traditional trading and crypto currency trading, how to beat the market always an art to learn in lifetime. Keep patience! Pattern fail scenario : when price break up ~ 11300 with decent volume. if that happen, I will liquid the left of my short position which from ~ 12000. Success pattern : price drop below neck line again ~ 9700, that means bleeding for longer incoming. This thread just an interesting comparison base on my observation, not a trading suggestion. If you thought it's interesting, pls give me a like, many thanks!
Short
by HuPan
34
Kama Trading System v1.2 updateThe short trade of the previous update has been closed at even without losses, another short trade closed right now at profit. The exit logic is simple, in case of a short trade the exit point is the perforation of the first support area, in a long trade at the breakout of the first resistance zone. Same for the entry, when price crosses above the support level there is a buy, instead with a cross below the resistance zone there is a short sell. In a couple of weeks, if it'll continue to perform well, i'll publish it.
BITSTAMP:BTCUSD
by UnknownUnicorn30297
7
Multi time frame analysis for Bitcoin, top pattern incoming?Bitcoin now near the previous high ~ 14000, I'd like to have a multi time frame analysis about bitcoin, and I will try to describe what's the best option for traders. Weekly Time frame: For the weekly time frame, I'm rarely seeing two green candle stick after the shooting star pattern with huge volume. weekly RSI running in overbought long times, I'm expecting the price & RSI drop soon. and from the volume observation, we can see the volume decreased over time, which is not a good sign for bulls. Daily time frame: For the daily time frame, the price and RSI divergence observed, and volume decreased over time, this is a possible double top scenario, and the second top maybe lower than the first top since lose interest for bulls from the volume indicator. if the double top formed, we are expecting huge sell off incoming. ~8000 support maybe tested later. 4H Time frame: In the 4H time frame, we can see a clear uptrend support line, and another uptrend support line slope increase but failed to hold by today. I'm expected a top pattern to be formed in 4H time frame also, first scenario : double top: and the ~12000 uptrend support line is the most important support to hold for bulls. watching closely. second scenario: H&S: For 1H and 15mins, I will left to waiting for the 4H show weakness and find best entry point. Thanks for your time, if you'd like this idea and hope more contribution from me, pls like!
Short
by HuPan
2