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Plain and Simple Bitcoin Daily Analysis - 3/12/21 - BTCUSDTPlain and Simple Bitcoin Daily Analysis - 3/12/21 - BTCUSDT Market does not care what people want. People want 60K so bad. Market takes decisions. Allright, we got 2 bearish divergences popping up, and a lower high on the bigger scale. That's not good at all to get that lift to 60 K. Price is attracted by the 48700 K level, that we might head back for the coming days. I don't feel any euphoria around, so, ... Back in february, people ignored RSI and kept buying - euphoria was at peek - Now it seems like something else. That's a day to be carefull, more on the short side, with extra wide SL from 58250 down to 55366 So.. Have fun, trading today ! Thanks for reading ! Stay safe. And remember, the market is a b..ch, trying to take the money right out of your pocket for a cheap and short moment of pleasure. See you all tomorrow, and don't forget to ...... smash that like button ! And don't forget to subscribe to my feed to get my daily analysis in your Trading view chart Comments are also welcome anytime. And go check my socials down there if you like this analysis!!!!
Short
by Copytrade_TV
BTC/USD - Correction after W patternHello traders and community, today we will tell ourselves shortly about the situation of BTC/USD Trend analysis - As you can see from the BTC/USD daily chart, right now we are still moving in bullish W pattern, but after this pattern will be finished with help of price action analysis we also can expect correction movement in short period of time (bearish movement). For long period of time we still need to wait for trustworthy signals to start our trade position. Resistance level (red line) is on $58 243 price level, support level (green line) on $51 433 price level and global trend remains bullish (orange line). My recommendation as a trader you can see on the chart (white line - possible scenario), price can possibly drop approximately to $52 350 price level and after it we can expect bullish run. Chart pattern - Bullish W pattern (ending) - Correction movement (high probability) Technical indicators - RSI: market is still in boarders, bu located near 70 level (overheated, Bearish signal) - MACD: market is still bullish cause of MA lines are moving away from each other and overall trend is going up (Bull signal) - BB: Volatility of the market started increasing after range movement accomplished (Bull signal) - MA (10,20): MA10 is higher than the level of MA20 and going upward (Bull signal) = Overall bullish signal movement Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention! Tell us about your opinion for making better decisions :) P.S.: Information provided is only educational and should not be used to take action in the market.
BITFINEX:BTCUSDShort
by PrizesRises
2
Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/03/11Market Overview Price Action: Bitcoin continues to slowly move up in price after the recent rally and reached as high as $57.4K, a mere $1K from the AllTimeHigh @ $58.4K. This is a very important level to watch as we either form a double top here and have a large correction or we have a breakout, in which case we will likely pump to $70-80K relatively quickly, similar to the pump we had in January. Patterns: N/A Areas of Interest: The area(s) of interest for me are the 200MAs @ $54.6-55K and the highs @ $57.4K. Once price reaches one of these areas, I will monitor for entry confirmations. If the entry confirmations are aligned, I will take a trade and share the my trade in real time. Of course, it is possible we just pump to ATH of $58K directly from here, in which case we will be looking for trading opportunities at that level. Trade Setups Below are the potential trade setups that I would be interested in trading: Long Trade Setup #1: Retest and Continuation (200MAs) 1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $54.6-55K by the time price reaches it, and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming Long Trade Setup #2: Breakout and Continuation 1. Price Action: Price breaks above and falls back down to $57.4 and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming Short Trade Setup #1: False Breakout 1. Price Action: Price breaks above and then falls below the high @ $57.4, forming a bull trap 2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out My Recent Trades 2021/ 03/01: I had a winning trade! I entered long @ $46,288.00, SL @ $45797.19, price reached a high of $49,470.0, giving a risk reward ratio of 6.5:1. 2021/ 02/28: I had a winning trade! I entered long @ $44,875.0, SL @ $43,800.0, price reached a high of $45,530.6, giving a risk reward ratio of 0.6:1. 2021/ 02/22: I had a winning trade! I entered long @ $56,850.0, SL @ $56,379.0, price reached a high of $57,274.0, giving a risk reward ratio of 0.7:1. DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
by cryptotraderog
3
BTC: The pattern I'm looking forGood day to all profit makers! If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you! - After following the ETP-1 XABCD Pattern, This is the pattern that I would be looking out for - Consult the chart for more information. - Note: - This is just my current idea. - I am not a financial advisor! and this is not financial advice - There is always a huge chance of different patterns taking shape in these ever-changing charts. - My views and charts can and most probably will change! - I can be 1000% wrong! - Trade responsibly. - Be focused. - Have a plan. - Stick to the plan. - No FOMO. - Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money. - Never trade what you are not willing to lose - Remember Stop-loss is your friend. - Smile! - Good Trading and Good Luck
by dstvst
Here! Hold This For Me LOL :^DThere are Lines to be Tested, Respected and or Denied.. Lets see! "I personally feel that buyers are going to increase their exhaustion buying dumps. Plus the minimum wage hasn't hit fast enough for the little guppies to nibble up all the Whale crumbs... As things sink down toward the inevitable abyss." Someone free me of my stubborn ways!!! LOL What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!" Or am I really the only person that's down to pull profit and even short a little??? LOL -No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO" ""KEEP CALM AND MANAGE THY RISK!""
COINBASE:BTCUSDShort
by BradySWilliams
2
Bitcoin Elliot wave analysis - short bitcoin with target 37KI Think BTC is in a C wave of a corrective wave with a target around 37150 $. The first corrective wave consisted of a 5 subwaves. then the B wave had 3 subwaves , and now its in the start of the 3rd wave of a 5 wave C wave , which its drop will be sharp again. the stop for this sell will be in case that price goes above B of 52000 again. current price is around 48k so the reward/risk ratio is 11000/4000 around 2.5:1 which seems fine. take care with long position guys...
Short
by Farzin
10
Help Me UnderstandHey help me understand why these two don't matter? They are found on multiple time frames. To me they matter but I would love to get a better view sense I can be off base judging by some of my recent convo with people. lol "I personally feel that buyers are going to increase their exhaustion buying dumps. Plus the minimum wage hasn't hit fast enough for the little guppies to nibble up all the Whale crumbs... As things sink down toward the inevitable abyss." Someone free me of my stubborn ways!!! LOL What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!" Or am I really the only person that's down to pull profit and even short a little??? LOL -No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO" ""KEEP CALM AND MANAGE THY RISK!""
BITSTAMP:BTCUSDShort
by BradySWilliams
Welcome To Wish Country We are quickly approaching official Wish Country many will be be welcomed with opened arms reassuring pats on the back as they all Breathing nothing but the freshest hopium Wish Country has to offer.. In short the reality that they "should" key word "should" have sold has yet to set in. (Placer note Emoticon Shoulder Shrug) What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!" Or am I really the only person that's down to pull profit and even short a little??? LOL -No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO" ""KEEP CALM AND MANAGE THY RISK!""
KRAKEN:ETHUSDShort
by BradySWilliams
9
Bitcoin Update on 25rh February 2021Good morning traders, Bitcoin has broken the trend line support in 6 hours and in the daily time frame which is a sign of weakness. Confirmation is lower than 45,000. Risk and Reward are not good in this short position 1:1 and the trade idea is also against the trend but the weakness is there. I suggest Book your profit at this point... Short Position is a bit aggressive and considers only lower than 45000. More pain you will see on the breakdown of 45,000 and can go on next support at 38,000
BITFINEX:BTCUSDShort
by CodeViser
BITCOIN - Short from 50000Short: 50000 Targets: 49100 - 48000 - 47300 - 46500 Stop loss 51500 My Risk: 5% This Channel is not financial advise, It's My opinion and My observation: @opptrade ❗️❗️❗️Disclamer:❗️❗️❗️ Dear friends, traders. My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading. - I do not recommend that you trade AT ALL if you do not know what risk management is, money management. - I do not recommend that you trade without a STOP LOSS. - And I'm not responsible for your "make millions of dollars fast" gag - I am only showing you the charts that suit me for certain positions. - For each position - RESPONSIBILITY LIES ON YOU. If you don't use all of the above, your deposit will soon become $ 0 - Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be. In time, i to bee wrong too, and have a loss. But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term) I am only showing you how this or that scenario can work in trading.
Short
by UnknownUnicorn13204076
2
Bitcoin 30% correction - Time to Take Profit? Target $40kBitcoin has been performing very well for four (4) weeks. With $60k being a pretty tough nut to crack I expect Bitcoin will take another breather next week and retrace. Have a look at the possible downward trend scenario to about $40.5k over the next weeks. The fib retracements match very nicely the possible landing zones. The 61.8 fib. retracement is a perfect 30% retracement scenario. Why 30%? If you analyze crypto assets you notice that 30% corrections are often a natural process and are often met very precisely (more on that in another idea). Bitcoin had such a throwback in January (remember?) 2021. If you don't believe that Bitcoin is about to trace back do you favor another uptrend to above $60k? What is the probability? The market (especially the big boys) is hungry for cheap BTC so there is a lot of pressure and it is easier to bet against an asset that just had a magnificent 4 week bull run. Also Bitcoin seems to be somewhat constrained by the logarithmic growth channel. Meaning that if Bitcoin breaks $60k and then approaches $70k a longer stretch down and sideways is either 100% guaranteed for Bitcoin or it would have to break a very strong technical pattern. (more on that in another idea) So my bets are on other crypto currencies at the moment. Like e.g. CAKE and XVS. The Top 10 seems overall very overheated. ETH is stumbling over its own ridiculous high network fees (which gives CAKE and XVS great growth potential). And the others in the Top 10 also had tremendous runs. Long story short. Whatever your strategy with Bitcoin ( BTC ) watch out for a potential retracement this coming week or thereafter. PS Go ahead and stretch the chart up/down and sideways to zoom in and out. The upper Bollinger Band level is a good indicator for failing support. So if BTC would break that level downwards it is a clear signal it will go down further. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
BITFINEX:BTCUSDShort
by CarpeMomentum
4