Get started

Bitcoin-trading

BITCOIN | One of The Possible ScenariosHi, This sideways movement starts to become pretty boring. I haven't seen a while good trading opportunities with Bitcoin. I want to keep my followers updated but I just cannot see a point to do that if there is nothing interesting. I looked at it from one angle, I looked at it from another angle and the result is in front of you. The most likely scenario would be a downwards movement which should get fully confirmed after the price has managed to break that black counter-trendline and it has to get a candle close below of it to be fully confirmed breakout. All the current price action should stay inside the expected channel range (blue lines) and this counter trendline break should open the door to the downwards, to the ~8,500. There is a round number of $9,000 and some EMAs to making this movement harder but possibly they cannot stop it. So, if we get a candle close below the current short-term counter-trendline then the target should stay $8,650 (always be less greedy than others) ;) To think a little bit forward then this target area could be also another trading opportunity for buyers - it is also a possible reversal area. This move gets confirmed after we have seen a bullish reversal indication candlestick pattern around the red a green area. Reversal area consists of: 1) Fibonacci retracement 62% 2) Strong area/support/price level ~€8,500 3) Channel projection 4) AB=CD 5) Fibonacci extension 2x 6) Middle nr. $8,500 itself should act as a support level. 7) As said, to be more secure, wait for a bullish candlestick formation from the marked area. If the price starts to approach that reversal area then definitely I'll make an update! If it was helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Regards, Vaido
COINBASE:BTCUSDShort
by VaidoVeek
53
BITCOIN | The Last Chance!Hi, I would like to share my most recent analysis of BTC/USD. Hope this helps you identify some strong areas, directions, danger zones, etc. Let's start from the Weekly timeframe(TF). The orange line is Weekly EMA50. Four weeks in the row it has held the price and last two weeks the price has got tiny rejections upwards of it. Plus, there is the round number of $8,000 and 2018 July high, they should add a bit strength to the current support area. So, the current support (around 8k) has held it. I cannot say "nicely" but it has held the price which is the most important starting point for further analysis. The Daily TF If we look inside the Weekly candles then we can see more accurately how strongly the current support area has held the price. Several rejections between $7,800-$8,000 and some of them have printed bullish candlestick patterns after the rejections. There is a bit sloppy Bullish Engulfing, textbook bullish Engulfing and now, after yesterday's candle close, we got another, third, bullish candlestick pattern. This is not a textbook example but still, considering the price action it resembles with Morning Star. Recently, the Bitcoin price made a breakout from the bullish chart pattern (more about it in the 4H chart section) and it manages to break above the strong area. To be said, I still, wait for a rejection upwards but to be honest, it looks damn hard to get it. We have caught some short-term movements but nothing more than that but as said, I'm still waiting for a bounce to the key area: $8,950 - $9,200. The price action has not given any bigger signs to think differently but the time, spent around 8k, starts to say something - it has been too long around the 8k. If the price stays too long around the potential bounce area it decreases to trade success rate but I believe that the current push is the last chance. If Bitcoin price doesn't react positively after yesterday's price action then it goes down and the critical area is mentioned in the 4H TF section. Daily summary: + The price has got multiple rejections upwards from 8k. + Almost all rejections have ended up with some bullish candlestick patterns. + At the moment, we have a short-term higher high and higher low. - It has been too long around the mentioned support area without any significant move. 4H TF Firstly, the old dept: "The Bitcoin price made a breakout from the bullish chart pattern". Saturday, the BTC price made a break above the bullish chart pattern called "Falling Wedge". Actually, this is too deep to be a perfect pattern but still, the price managed to crack the counter-trendline (pattern upper trendline). As I have notified several times about the counter-trendline breaks - if they break then it will be usually a pretty strong continuation sign to the breakout direction and the current result is front of you. The short-term counter-trendline break guided to price above the $8,000 and above the strong price level $8,100. I mentioned before that critical area, this is it. Firstly, be cautious if the price starts to fall lower than $8,100. Secondly, be alerted if it starts to fall lower than $8,000. As said previously, this is the last chance to go higher from the current levels and if the price starts to fall lower from the prementioned critical levels then it will drop. I cannot say exactly how deep it will fall but definitely I will make an update if this occurs. Okay, the last chance to go upwards but where is the optimal entry to the wave upwards? The answer would be: from the current price until $8,075 Pros and cons: + Weekly EMA50 and $8,000 have held the price but can it push the price?! + Bullish candlestick patterns and bullish price actions from Daily TF + Short-term higher lows (HL) and higher high (HH) + Break above the short-term counter-trendline + Break above the bullish chart pattern called "Falling Wedge" + Break above one of the key price level $8,100 + The latest bounce upwards occurred with RSI Divergence + The latest bounce upwards occurred from the trendline. Not a significant trendline but still, it held the price. - Time spend around 8k - Lack of buying power. - The pressure is pretty high, so a tiny shake-off and it will "collaps" Targets: If "the last chance" works out then there are orange price levels above the current price: $8,300 and $8,455. These are the major horizontal obstacles, okay let's call them resistances :), to go upwards. This is your choice, how to react if the price reaches to those levels but the major, the ideal target is slightly below $9,000. Channels, waves, pattern targets, mid-term retests and etc. are pointed to the mentioned level. These were my thoughts about the current situation of the market. If it was helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Best regards, Vaido
COINBASE:BTCUSD
by VaidoVeek
36
BITCOIN | Risky Buy Opportunity!Hi, I would like to make a quick post about the current action on the Bitcoin chart. Actually, this is a pretty risky short-term buy opportunity but I would like to mention it anyway. Risky, because I don't really like the price action in the previous 4-5 days. It has been really bouncy and actually only the visual thinking helped me to make some profits today to make a little "short" scalp but that's all. Why I thought that the price may come down was the green. I don't even wanna talk specifically about the criteria, let the "pros" comment in my comment section (lol, book masters) but the area around $8,000 has been on my watchlist after the 13. of October high. It is also a bit risky and mixed because we have bullish&bearish candlestick patterns on the Daily and they both are active. I'm just a bit more bullish (that's why I would like to share this area) because we have short-term higher highs and higher lows, plus the price has to reach to the higher levels before one more leg downwards. Quickly the criteria: 1. Channel 2. Channel 3. AB=CD 4. Fibo Ex. 5. Round number 6. Bullish Daily candlestick pattern 7. Short-term higher high and higher low 8! The area and the pressure is risky so, definitely wait for bullish candlestick formations: - 1H: Engulfing, Morning Star - 4H: Hammer, Spinning bottom, bullish Railway tracks, bullish Engulfing, Morning Star If you don't see those patterns then obviously this trade is invalid!! If it was helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Best regards, Vaido
COINBASE:BTCUSD
by VaidoVeek
27
Bitcoin Dominance Falling WedgeSo we can see a falling wedge on btc dominance, which was unphased by the btc dump - seems strong. this tells me it's possible we remain in this wedge and retest a double bottom at 68.25 or below. A bitcoin pump can cause a bull break, but for now as long as dominace remains inside this wedge, alts will continue to grow nicely. But beware, Bitcoin can rekt alts in a hearbeat, so be very careful. As for Bitcoin , what a fakeout! That pump and dump destroyed many hearts and wallets. AFter we broke that bull flag bullish, whales knew sentiment was extremeily bullish. What an epic trap for emotional traders. They're not going to give that up so easy. Now that we have apparently tested for support, it is possible to see btc pump. How much is the question. There is going to be massive sell pressure at around 9k, if we make it that far. It's the same thing we faced in the pump n dump, except after the dump, now there are many bearish traders to trap. Should be interesting. On the 4hr we have upticking histogram along with a potential bull macd cross. Let's see how this plays out. For now I'm looking at alts. There are some pretty looking charts. But being very careful and patient. I am rarely long on alts along with bitcoin at the same time, however, this is the curent cast for me. Let's see what the market does. Tomorrow is Monday, so there should be an attempt to 9k shortly. Also The FED is helping us out with the massive repo market bail out, and now they have started buying 80B treasury bonds monthly. They must love us considering all they are doing to ensure bitcoin's epic success. I apologize for being away since I got back from vacation. I have some new members and was ensuring they don't get lost and understand the strategy and system. I will be updating on TV on a regular basis again.
CRYPTOCAP:BTC.D
by ChartCrushers
3
BTC Inverted Dragon The tragedy of faith Important areas FiguresBTC - potential shapes of technical analysis figures depending on the breakout / price retention levels. A huge symmetrical triangle - a bear measured move - Triple top - Inverted Dragon. BTC / USD 1 week. I will write the zone algorithm and what will be drawn on the chart depending on the retention / penetration of a certain zone and levels. ________________________________________________ A very important area of $ 7,000, all hopes for it. From it, there can be a movement up and the symmetrical HUGE TRIANGLE is drawn. It will be our victory and hope! As working up / down -50/50. As you can see, from the very beginning of Bitcoin trading, this has already happened more than once. If we assume that we will not hold this zone - as a result the residual confirmation of the “Bear measured move”. In 2014-2015, this formation - “Bear measured move” was formed and worked out. BTC important areas on which further movement depends The breaking of this zone will also mean - the break of the "Dragon Ridge" (uptrend line) Figures "Inverted Dragon" The first goal for the "Inverted Dragon" is the zone of his "Hump" - the region of $ 3200. Inverted Dragon. The figure is rare. But almost always fulfills. CONFIRMATION OF THE FIGURE WILL HAPPEN WHEN: The uptrend will break. This is the yellow line on the chart (Dragon Ridge)! ____________________________________________________________ If we hold the zone of $ 3200 and the price goes up, the "Triple Top" will be drawn - the target is around $ 7000. Then you need to observe how the price will continue to behave. Or work out a fall from the "Triple Top" or conquer new heights of price. __________________________________________________ The opposite situation, if God forbid, we will not hold the zone of $ 3200 (squeezes and takeaways do not count), I mean if the price fixes for a long time below this zone. Most traders will see which figure is drawn and what is confirmed. This will be a complete confirmation of the “Inverted Dragon”. And the second goal (the first area of the "Hump") is "Dragon Tail." Price will fall in an avalanche. How fantastic are the goals for developing shapes. As an option, we can’t stop at the last high of the 2014 pump ($ 1,100). It’s even hard to imagine the residual target of Dragon Tail - this is an area of $ 200- 70-80. I do not know what will happen for this, probably the event is equal - to the third world war. __________________________________________________ I’ll write a couple of lines about the “Inverted Dragon” figure. “Inverted Dragon” is a reversal pattern that indicates almost the very beginning of a trend reversal. The formation of the “Inverted Dragon” tells the trader that the mood in the market may change soon and the current trend will unfold. The figure is a more modified version of the “Double Peak” figure, while signaling a change in the bull market to the bear market. But there is one fundamental difference from the “Double Peaks” figure. A prerequisite for the formation of the Dragon is a trend line drawn through the head and hump of this model ("Dragon Ridge"). It is important that this trend line is clearly visible on the chart. The trend line plays an almost decisive role in the figure. “Inverted Dragon” and “Dragon” are not very common on charts. With the correct identification and understanding of the work, you can get a good profit on various time frames. The “Inverted Dragon” shape and its mirror image “Dragon” are very similar to the “Double Peak” and “Double Bottom” figures, however, they also have significant differences, which will be described below. _________________________________________________________________ The potential profit corresponds to the length of the Dragon Tail, which, as a rule, is equal to the height from the point of occurrence of the trend line to the minimum point of its "Head". Simply put, the entire length of the Tail is your potential profit. Objectives of working out the figure "Inverted Dragon": The first goal will be at the level of the last minimum - the level of "Hump". The second goal will be at the very minimum value of the figure - the level of the "Head" or from the breakdown of the level of the "Dragon Ridge" - all growth from the "Head" to the highest point of the "Paw" is superimposed. __________________________________________________________________ Be smart, act on a situation, not faith. Faith - kills. There should be a strategy and plan. At the same time, your strategy and plan should be plastic from market situations. Count in trading all your and others' options for action in advance. If you trade because of hopes and expectations, and not according to a trading plan, you follow a nervous and unprofitable crowd.
BNC:BLX
by SpartaBTC
5
ETHUSDT Symmetrical Triangle and Critical Area! Hello Traders, Welcome back, today’s update will be on ETHUSDT , an epic short from previous technical analysis!, will ETH continue or rebound back, IMO I think we’ve still got further downside potential… Points to consider - Respect of the .236 Fibonacci Level, in confluence with daily support - RSI grinding on its resistance - Local resistance at .50 Fibonacci Level - Stochastics projecting more downwards momentum - Volume declining rapidly after climax - Symmetrical Triangle formation, Equilibrium yet to break ETH was showing signs of retracing but it did really fall off a cliff , mainly fueled by BTC’s recent correction. Price is currently holding and respecting current Fibonacci Level, this area is very critical as it’s of confluence with strong structural daily support. The RSI is currently grinding up against a key resistance line, where above it; ETH tends to be in a bullish trend (Green Box). Currently we are trading below resistance, signifying that ETH is still in a bearish trend , if not broken (Red Box). The Stochastics are quite interesting, it too has rebounded off resistance and now trading in a neutral zone, however, it still is projecting more downwards momentum… The overall volume has been declining, currently below average; we’ve had a volume climax candle that showed buyers being strong below daily support. An increase in bull or bear volume will signify which way ETH is headed. IMO , it looks like ETH is forming a pattern known as a Symmetrical Triangle on the hourly, in other words, equilibrium before a continuation. We can clearly see this on the hourly time frame. Price is consolidating on the .236 Fibonacci level, coming closer to the triangles apex. A break bearish of this triangle is more probable at current given time, only cause; we’ve entered the pattern on a strong downtrend… A bearish break will break key structural support; ETH will most likely test lower local support around the $127 mark… What are your thoughts? Is this a symmetrical triangle? Please leave a like and comment And Remember, Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
Short
by AzizKhanZamani
ICXBTC Ascending Triangle | Bull Volume?Hello Traders! Today’s chart update will be on ICXBTC pairings, Potential Ascending Triangle, Points to consider, - Trend currently bullish on 240 timeframe - New Higher Low potentially in place - Structural resistance in confluence with .382 Fibonacci Level - Stochastics showing upwards momentum - RSI bouncing of local support - Volume extremely low - EMA’s holding price support but looks weak - Potential Ascending triangle forming (bullish pattern) ICX/BTC pairings has being putting in structural lower highs coming into a major resistance zone that is in confluence with the .382 Fibonacci level, a break will only come to fruition if we see an increase in volume, which is currently below average… The stochastics currently has momentum projected upwards, which is necessary as ICX is currently testing it’s upwards trend line, putting in its next potential higher low. The RSI is quite neutral as it bounces of current local support; we do need a third touch to confirm its significance though. The EMA’s are trying to hold price as support, however does look quite weak as we don’t have the required bull volume as of yet. Price action overall looks like its forming a potential Ascending Triangle, which will break bullish from local resistance if volume shows up, otherwise a fake out will be on the cards. A break can see us test the .50 and .618 Fibonacci levels respectively, as these levels are off significance compared to previous price action. What are your thoughts? Will ICX break bullish when testing resistance, or will lack of volume reject price? Please leave a like and comment And remember Limit your size in any position so that fear does not become the prevailing instinct guiding your judgment - Joe Vidich
Long
by AzizKhanZamani
2
XRPBTC Test of Support !?Hello Traders! Today’s update will be on XRPBTC coming out of a nice strong breakout with convincing volume! Points to consider, - Strong resistance broken - Volume climax - Support at .382 Fibonacci (S/R Flip) - Stoch’s showing downwards momentum - RSI testing structural support, needs to return to neutral territory - EMA’s yet to meet price XRP has broken a very key resistant level with follow through, test upper Fibonacci levels and respecting the .786 line. Noticeable strong bull volume confirmed that this was not a false break leading to a nice 14% + gain… Currently price has retraced, most likely due to BTC’s recent correction, XRP should test its now support previous resistance and confirm before heading further up… Signs are showing that this retest may come to fruition as the RSI is way over extended; it needs to cool off and return to neutral territory. The stochastics is showing us downwards momentum being projected; there is a high probability that XRP does test support to cool of other indicator. The EMA’s are yet to meet price fully, although we do have a bullish cross however a test will confirm if price hold or breaks the EMA’s… What are your thoughts on XRPBTC? Will it test its new support or break through it? Please leave a like and comment And remember, “There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” – Jack Schwager
Short
by AzizKhanZamani
BTC (BTC/USDT, 1D): Bulls Defended the Middle of the ChannelThe coin fell off its uptrend acceleration. Currently, bulls defended the middle of the channel and on 4H chart, RSI is trying to form a bullish divergence. In order to continue an upward movement, the price should jump back on the dynamic line. The dynamic line is going to be the first resistance point for now. If we gonna break down the middle of the channel, then we gonna go to the lower support levels, which are 0.5 fibo level(8700-8900) and 0.3 fibo level. If you are in position - better to keep stop loss right under the middle of the channel. If you don't have a position - better keep your buy orders at 0.5 and 0.3 fibo levels. And in case if bulls decide to pull the price up from the current point - enter from a retest of the dynamic line. Good luck everyone!
Long
by SonicTrade
1
BITCOIN | Downwards Breakout Confirmation Area!Hi, I'm back in business. A little vacation is over, batteries are charged and I'm fully ready to give some trading opportunities from different markets. Obviously, the biggest interest is on BTC and I'll start from it. After my last analysis, the price has printed a new mid-term lower high, which was slightly expected. The movement started just some dollars before the marked area but still, the overall sentiment was correct. After the drop from 11k, during my vacation, the BTC price has drifted between 10k and 11k. On the Daily timeframe (picture is below of this post), we have an interesting "sign". Actually, this is not a sign, the price has got multiple rejections from the psychological number $10,000. The fall, which started from the beginning of August(from 12k), guided the price down around 10k and this 10k has held the Daily candles (after touching it) 8 times!! You should know that those round numbers work as great support/resistance levels but that's not all. There is also the trendline; 6 times out of 8 while the price has touched 10k it has also touched the trendline. So, those two makes the current support area pretty strong which has held the price since the mid of August. If we look at the mentioned support area from a price action perspective, then I don't see any great bullish candlestick formation from the mentioned 10k area. Yes, there are some Dojis but nothing reliable. Plus, the support looks strong but the price just doesn't get that needed momentum to go upwards, which leads us into the other hidden sign - if the price stays too long into a strong area then it decreases a likelihood of the bounce. Plus+ on a Daily timeframe, we have an Evening Star candlestick formation (bearish). At the moment, it is still valid and it can work out but we need a bit more secure confirmation. Luckily, we have them! As you understand, for me, the higher probability setup is downwards. If it goes upwards then great for those who are in longs but to me, it means nothing. No trades, no profits, no losses. Usually, if this occurs I'm just a little bit sad that the price did not reach into my great confirmation area ;) The trade type is a breakout trade, not my favorite but the current confirmation area is pretty clean and easily readable. The movement downwards should be confirmed after the candle close (at least 1H, better would be 4H or Daily) inside or slightly below the marked red area , then we have a confirmed...: 1. Candle close below the psychological level $10,000. 2. Candle close below the black trendline which has held the price since 9th June. 3. Candle close below short-term red and blue trendlines. Those trendlines are also short-term counter trendlines. They match really nicely with our confirmation area and I really like those counter-trendlines breakout setups. 4. Those blue trendlines make a chart pattern called triangle and after a candle close inside the red area the price has also made a breakout downwards from the triangle, which adds a bit more strength into our breakout trade opportunity. 5. Candle close inside the marked area will be a confirmation for a new short-term lower low +. We have an impulse wave from 12k which can drive the price down. +. We have a valid Daily bearish candlestick pattern Evening Star. So, wait for a 1H or 4H candle close inside the marked area. A perfect scenario should look like - a candle close $9,850-$9,950, wait for a 10k retest to get a better entry and sell it is. If it goes upwards right away? WHATEVER, for me, this red area is a place where multiple levels get cracked and I'll wait for that. I just can't see any great price action for upwards and even if I see some signs then I don't want to share it because still, the selling confirmation area stays much stronger. Daily: Please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Do your own research and if this matching with mine then you are ready to go! Good luck, Vaido
COINBASE:BTCUSD
by VaidoVeek
78
ALGORAND SMALL PUSH BEFORE BINANCE PURGE?In this ALGO/BTC chart we can see a descending wedge forming and almost completeing. With this hour close if we close outside the wedge we could ALGO take a nice quick pop. In a few of the last patterns we can see on the same low time frame this isnt the first time algo has done this. It runs down and pumps up quite a bit. I think well take a bet it does the same thing again. Ive picked up a small bag and riding it out to my targets of 600 and 650 sats.
Long
by PhilupMyBags