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
Bitcoinshort
Bitcoin potential shortFor some reason I’ve been posting private lately. So if you see this twice, I’m sorry.
Bitcoin had a pretty good move down, but I don’t think we’ve found a bottom yet. We may have found a temporary (local) bottom and head back up to the 52-53K range, but Macd flipped pretty hard and the last time it did this we saw a additional 21% drop. Low 40’s high 30’s would be my target if this plays out. Good luck y’all!
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.
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.
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Bitcoin a correction? I think yes. Maybe I'm wrong BTC/USDTHello dear friends, traders.
At this time, I want to describe the situation in simple terms.
Rising wedge without correction.
They often break down.
Be attentive and careful.
This is not a call to action, but just what I look forward to in the next few days.
This Channel is not financial advise, It's My opinion and My observation: @opptrade
Dear friends, I'll just leave it here.
I WRITE YOU IMMEDIATELY: This is not a financial recommendation, this is not a call to action to buy or sell everything.
This is not a call to action to hang the lot in position.
- this is not a call to action AT ALL TO WHAT - THAT.
I just shared with you the schedule that, in my opinion, will have to work out.
We'll see.
❗️❗️❗️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.
For all your actions, only you are responsible.
💠💠💠I am not a scammer and I am concerned about your trade.💠💠💠
Bitcoin - i open short Position From 51400Short: 51400
Targets: 50000 - 48000 - 45000 - 42000
Stop loss: 52500
My risk: 3%
All traders, please, don't forget for this⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
I ask each of you to consider your own risk and money management. Do not trade with a large "X10-X100" and always place a stop loss.
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.
For all your actions, only you are responsible.
💠💠💠I am not a scammer and I am concerned about your trade.💠💠💠
DXY trend reversal in 2021?Dear Traders, I have spotted falling wedge on W timeframe for DXY , which is by itself a bullish signal.
Checking price history i have found close resemblance with 2018 price action, not only by oversold levels but bullish divergence as well.
If we combine all bullish signals we have high probability for DXY trend reversal which might impact FIAT and Cryptocurrency.
Will 2021 be the year of the Dollar strength? Time will show!
Bitcoin - i open a short position From 46350 BTC/USDTShort: 46350
Targets: 45000 - 44350 - 42320 - 41100
Stop loss: 48020
x5 %5
All traders, please, don't forget for this⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
I ask each of you to consider your own risk and money management. Do not trade with a large "X10-X100" and always place a stop loss.
Today we have already opened one short position from 47005
I announced this in the comments under the latest BNB / USDT trading idea.
I also wrote to everyone who asked about the position.
I may be wrong this time, but I chose this position, despite the fact that the price of bitcoin is growing every hour.
I ask each of you who decided to follow this trading strategy - do not open a position with an overstated lot, do not overestimate your risk and money management, trade wisely.
Today I will analyze the situation - and I hope each of you will take advantage of it and make the right decision
BTC Bitcoin falling through 2 possible channels to the abyssHi everyone,
with the dollar DXY going up with good support and market incertitude there is a good chance that the Bitcoin will retrace.
This was a good run but we must be realistic. Don't forget CME contract will open tomorrow. Also i note a ugly close on the weekly
and monthly chart, this is putting the market at risk. Here a some key support zone and bearish factors :
Bearish factors :
-Signature of candles double top with lower highs and lower lows (W chart)
-Signature of a Shooting Star on the monthly chart and formation of a spinning top (M chart)
-Weekly MACD slowing down
-Weekly stoch RSI bearish
-Monthly stoch RSI about to cross bearish
-Monthly KDJ just turned bearish
Top Key Strong Support Zone
-Weekly MA 21 : 21243$
-0.618 from bottom of Wave 2 18423$
-Monthly MA21 : 13269$ (agressive)
-0.786 from bottom of Wave 2 12014$
I wish you a wonderful day !
Bitcoin $19000 its hard to believe a downward trend like this for bitcoin with all the bullish information . it will pump but not to the all time high as recently seen.The psychology of the trade is based on what institutions want to pay for their clients .They do not want to pay massive prices like retail traders . order placed.would be a nice bag to fill.
Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/01/24Live trades will be called in the latest daily post. Follow me to trade live with me!
Also check out my daily post on Ethereum!
MARKET OVERVIEW
Price Action: Bitcoin is stuck consolidating at the 200MAs, even as ETH has broken out to the upside. Waiting to see if BTC follows ETH or continues to languish.
Areas of Interest: The area(s) of interest for us are the lows @ $28850. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time.
TRADES(S) RECAP: LATEST 3 TRADES
2021/01/20: We had a winning trade! We entered short @ $34940 SL @ $35560, price reached a low of $28850, giving us a risk reward ratio of 10:1, meaning if you risked 1BTC on this trade, you could've made 10BTC.
2021/01/19: We had a winning trade! We had a signal from a strategy in the testing stage. We entered short @ $36760 SL @ $37150, price reached a low of $36K, giving us a risk reward ratio of 2:1, meaning if you risked 1BTC on this trade, you could've made 2BTC.
2021/01/15: We had a winning trade! We entered long @ $38470 SL @ $37770, price reached a high of $38780, giving us a risk reward ratio of 0.5:1, meaning if you risked 1BTC on this trade, you could've made 0.5BTC. This is our smallest win so far, but a win is a win, and this is the first step on our road back to profitable trades.
TRADE SETUPS
Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal.
Long Trade Setup #1: False Breakdown
To open a long position, we are waiting for price to break above the horizontal support and then recover.
Trade Entry Confirmation:
1. Price Action: Price breaks below the then rapidly climbs above $28850, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming
Why Follow Me
Daily analysis on the latest market movements and price zones for high probability trade setups.
Live trade signals so that you can take the same trades that I am taking.
A great place to help each other, learn from each other, and grow together.
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Constantly testing and adding new trading strategies and refining battle-tested ones.
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals.
I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR.
Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/01/23Live trades will be called in the latest daily post. Follow me to trade live with me!
Also check out my daily post on Ethereum!
MARKET OVERVIEW
Price Action: Bitcoin rallied 17% from a low of $28850 to a high of ~$34K, and is now trying to establish itself above the 200MAs to regain bullish momentum.
Areas of Interest: The area(s) of interest for us are the lows @ $28850. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time.
TRADES(S) RECAP: LATEST 3 TRADES
2021/01/20: We had a winning trade! We entered short @ $34940 SL @ $35560, price reached a low of $28850, giving us a risk reward ratio of 10:1, meaning if you risked 1BTC on this trade, you could've made 10BTC.
2021/01/19: We had a winning trade! We had a signal from a strategy in the testing stage. We entered short @ $36760 SL @ $37150, price reached a low of $36K, giving us a risk reward ratio of 2:1, meaning if you risked 1BTC on this trade, you could've made 2BTC.
2021/01/15: We had a winning trade! We entered long @ $38470 SL @ $37770, price reached a high of $38780, giving us a risk reward ratio of 0.5:1, meaning if you risked 1BTC on this trade, you could've made 0.5BTC. This is our smallest win so far, but a win is a win, and this is the first step on our road back to profitable trades.
TRADE SETUPS
Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal.
Long Trade Setup #1: False Breakdown
To open a long position, we are waiting for price to break above the horizontal support and then recover.
Trade Entry Confirmation:
1. Price Action: Price breaks below the then rapidly climbs above $28850, forming a bear trap
2. Candlestick Pattern: A breakdown candlestick followed by a reclaiming candlestick
3. Volume: Above average volume on both breakdown candle and reclaiming candle
4. MACD: MACD histogram bottoming out
STRATEGY TYPES
My strategies fall into three categories:
1. Official strategies are those that have proven to be profitable over a large number of trades
2. Testing strategies are those that have proven to be profitable but the sample size is relatively small
3. Formulating strategies are strategies that are still in development
ENTRY CONFIRMATIONS
Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management.
TRADE MANAGEMENT
I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal.
Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks.
Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with.
RISK MANAGEMENT / POSITION SIZING
Trading is a marathon, not a sprint. The key is to stay in the game long enough for long term probabilities to play out. Even strategies with 90%+ win rate will have losing trades, so if you go all in one every trade, eventually you will blow up your account. My recommendation is to dynamically change your position size based on the size of the stop loss so that you are risking 1-2% of your total account size on any given trade. This means that if you’re wrong and the trade hitting the stop loss, you lose 1-2% of your account. As an illustration, if your account balance is 1BTC, then the most you should lose on any given trade should be 0.01-0.02BTC. Notice that I didn’t mention leverage here. Because what leverage (3X, 5X,10X, etc.) doesn’t matter here. What matters is the position size that matches up with a 1-2% account balance risk.
HOW TO USE MY ANALYSIS
Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily:
1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself.
2. You follow the trade setups and trade entry signals that I give in real time.
DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR.
Please support me by liking, sharing, commenting, and following! Thanks!
Please share your ideas and analysis below so we can all learn together!
Bitcoin Danger ZoneContinued though from the last posts (in French, not sorry) so you can trace my thinking and analysis forming 4 days ago.
Lots here, lots to say, let's breakdown. What if people got it wrong: Emotions may have made many want to see an unsustainable uptrend reboot via a triangle. Here is why I think they got this wrong, completely wrong, and the trick was not easy to spot.
Lets first get out a bit of the key:
- Orange, the trend from December.
- Dark red, approx support/resistance levels
- Blue, triangle
- Red, "triangle" exists
- Grey, potential trajectory in next few weeks/months
- Pink, trend line (curved).
Alright, this triangle. We have heard enough of it. Sign of continued uptrend of which all scenarios have failed for 2 major reasons: 3 lower highs in a row (failure to regain ATH), and double exit from the bottom. The first exit (red) was predictable, but the second (red) break through the December uptrend (orange) and opens wide compared to the first which was opening narrow. This is a negative sign adding to the fact that the market rejects December average trend.
Reason in fact, if you look closely, (the trick) the 35-36k support/resistance, was a double pivot for both a triangle and a swing failure. There was no triangle, in fact, the swing failure was confirmed twice. And the stockRSI confirms the market behaviors on these exists.
This makes me speculate that the trend now is "curved", which would announce a market reversal into a bearish movement. If I speculate a little further, correction some thought happened, had not, it's only starting. No financial advice but if you are risk-averse, time to close positions, avoid a blood bath and compensate losses with a leverage future BTC:DOWN.
A triangle and a swing failure with the same pivot. Rare, but it illustrates one thing: be wary of people only seeing triangles they may miss the swing below...
BTCUSD Short Term and Swing TargetsBITSTAMP:BTCUSD Has put in a swing low at 34,385 and pulled back from that area. This area is my first target for a short position as Bitcoin continues to put in lower highs. If the lows are broken I believe Bitcoin can swing to lower support at 32,376 increasing supply in the market. The drop would serve as a part of the natural rotation of Bitcoin after a failed break at 40,000 earlier this week (likely a result of buyer shock). Furthermore, the initial drop from 41,000 greatly increased short term uncertainty in BTCUSD, and those who were convinced of moonshots to 50k-100k might be taking a breather after such a rapid drop. Take all this with a grain of salt as the market has continued to see increasing buying volume and I simply believe that 32,000 would hold as strong floor.