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Bitcoin-trade

BTC in front of a decisive move! #btc #btcusd #trade #trend Hello crypto traders it's time for cryptohora's view of trading. As we can see on the chart btc price is into a descending triangle, Both from 30th of May and even more clearly since 3rd of June. Let's see what are the key points of this timeframe. If we take a closer look from May 30th to June 3rd price was at the same time inside the ascending wedge where after June 3rd brokedown clearly and it's moving inside the descending triangle alone. Inside this triangle the messages from btc price are a bit confused. Although at first it looked like a clearly bearish descending triangle where the price tested 2 times and almost 3rd and 4th the lower line of the triangle, at the latest days it seems that btc gains a bit of momentum. Result of this momentum was the price to test the upper line of the descending triangle once at June 12th. Although it seems it is retesting it now or not price haven't moved away from it but instead it keeps close distance to the upperline, showing us that there is a potential retest and breakthrough of the upper line. Now we are on the verge of a decisive move either for a breakthrough or a breakdown as we move towards the triangle pick, crossing 60% of triangles length. The move can be anywhere between 60% - 80% of triangles length.(until 15-16th June). If it is a breakthrough above the triangle more likely it will come sooner cause it's already on the upper line area as we speak, if it will be a breakdown it will need some additional time to go test it again and then break the line. Beside the triangle there are the fibonacci support and resistance levels that are above and below the current price zone. The fibonacci tracement from this triangle (9090$-7423$) show us a critical reristance level of 38.2% fib at 8062$ and a critical support level of 23.60% at 7819$. Although there is more possibilities breaking the upper line of the triangle I must say that since we are clearly inside the brokedown of the wedge we are in a bearish posture and it must break more fib levels of resistance in order to gain more momentum and the bullish sentiment drive the price back towards to 9000$. Let's see how it goes and I will update the post later on.
COINBASE:BTCUSD
by CryptoHora
2
Bitcoin (BTC) base is cracked, be careful!A bigger picture of Bitcoin at 1D time frame. The base was cracked, Bitcoin is in bearish for almost a year, it had hard recoveries and was forced to go down very fast, now seems the support it's doing it's job, but is not a must, there is already a wick in it, next time or after other attempts can drop again till 3.200, and from there...who knows? If it will go up, there are resistance everywhere and never stayed too long. Let's see! Trade with care!
BITFINEX:BTCUSD
by edward_Z
2
DOGEDoge looking good on the daily. Weak bullish trend at the moment with possible bottom pattern forming. At resistance now. A strong rejection here is a clear exit signal. Some traders will say its a "Cup and Handle" pattern, but the volume profile does not match that pattern. And that is more typically a continuation pattern than a reversal pattern. Daily close above Resistance (red dashed) is a good entry signal. Already in a partial position and will add to it on successful close above and retest of breakout (if one occurs). Doge has made successively higher lows all year, and may have just made a new one, short term at least.
by Nevermorejk
Look out for confirmation of #Bitcoin $BTC inverted H&SIt is likely that Bitcoin has found a low that will last through the end of 2018. There will most likely be another leg down early next year to put in the low of the crypto bear market. A level of BTCUSD $5650 would confirm an inverted head and shoulders pattern and create a tradeable uptick to BTCUSD $5870 or (much less likely) even as high as $6050. A move to $6050 will probably only happen after support is retested around BTCUSD $5600.
BITSTAMP:BTCUSDLong
by blloyd
DGB reversalDGB is attempting to reverse its bearish trend Two previous reversals have failed, but the last two times RSI dipped below 30 and rose back above there were sustained rallies for 15-30 days. This is the first time I am placing buys on DGB in a long time, and this is one of those cycle coins like Doge, though less reliably. RSI and Stock are signaling buys, price trying to close above the 7ma on a strong daily candle, but a drop below recent lows invalidates the idea. This is one where I will purchase 25% of desired position here, and pyramid orders to fill the other 75% down to the bottom of the current daily candle. Watching todays close for a dirty "3 line strike" pattern. I want to see a close above 4 days ago and higher volume than the last 3 days. Two swing trade ideas with a 10% SL below recent lows:
Long
by Nevermorejk
BTC Day trade #8New entry, TP, and SL Day trade #8 Long Daily results thus far: +5R (My actual results of trades I opened today: -1 R because I missed 2 profitable calls while out) I am testing a strategy and will be posting All trades taken with it here. This is data gathering and strategy may change. These are actual trades I am taking. Testing has been positive so far, and now it is time to live test. Provided for educational purposes only. Weekly Statistics Prior to Sept 28: Sept 21 - 27 R:R is 1:3 on all trades Total trades taken 28 Trades closed at TP: 12 Strike rate 42.8% Total R = 20
BITMEX:BTCUSD.PLong
by Nevermorejk
BTC Day Trade #7New entry, TP, and SL Day trade #7 Hindsight posts for #5 and #6 coming. Was out for a few hours and not able to open those calls by the system. The TP on #4 triggered while I was out. Long Daily results thus far: +6R (My actual results of trades I opened today: 0 R because I missed 2 profitable calls while out) I am testing a strategy and will be posting All trades taken with it here. This is data gathering and strategy may change. These are actual trades I am taking. Testing has been positive so far, and now it is time to live test. Provided for educational purposes only. Weekly Statistics Prior to Sept 28: Sept 21 - 27 R:R is 1:3 on all trades Total trades taken 28 Trades closed at TP: 12 Strike rate 42.8% Total R = 20
BITMEX:BTCUSD.PLong
by Nevermorejk