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BITCOIN - What Are We Looking At Here? Let's Talk About It.We have not seen confirmation of a reversal yet but I want to ask you a couple of questions. Do you even know how the waves operate? Are you hodling because you know the waves or do you think the waves are irrelevant? If you think the waves are irrelevant then do not watch this video and just continue to do what you are doing. If you trust the waves and just need to understand the waves in progress here then you have come to the right place. Please LIKE and FOLLOW to get notification of updates and future posts.
BITSTAMP:BTCUSD
by AriasWave
6
Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/01/16Live 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 to a high of $40.1K before having a flash crash to $34.4K, and is now trading near the lows. Chart Patterns: No significantly visible chart patterns. Areas of Interest: The area(s) of interest for us are the primary 61.8 Fib @ $34.1K and the secondary 61.8Fib @ $37.9K . 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 2021/01/15: We had a winning trade! This was a trade using a strategy in testing. 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. 2021/ 01 /11: We had two losing trade! We entered long @ $35.4K SL @ $34.1K, and we hit Stop Loss. We entered long again @ $33.1K SL @ $31.6K, and we again hit stop loss. In hindsight, should have stepped aside from such a major selloff and wait for markets to stabilize before looking for trade entries. 2021/ 01 /08: We had a winning trade! We entered long @ $37997 SL @ 36760, price reached a high of $41950, giving us a risk reward ratio of 3:1, meaning if you risked 1BTC on this trade, you could've made 3BTC. ENTRY SIGNAL TYPES Trade calls will be separated into two categories, official and unofficial. The reason for the distinction is that official entry calls are only for high probability trade setups whereas unofficial calls might have slightly lower probability of winning but positive net profitability due to high risk reward. As I see a lot of traders, do not practice proper risk management and position sizing, I want to protect them from the second type of trades. At the same time, I know there are more sophisticated traders who can take advantage of both types of calls. So this is the solution that I’ve come up with, which is to separate the two trade types into two types of entry calls. Official entry calls will come with detailed entry, stop loss and take profit levels, whereas unofficial trade entries might or might not and will rely a little bit more on the trader themselves to manage the trade. This is one way to distinguish the more experienced traders from the newer ones. If you are unable to enter an unofficial trade entry without those details, then it means that you shouldn’t be taking those trades and should stick only to the official trades. 1. Official entry calls will be posted using “trading active” post type. 2. Unofficial entry calls are potential good trading opportunities that will be posted using “comments” post type. 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! 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: Retest and Continuation (61.8Fib) To open a long position, we are waiting for price to retrace down to test the 61.8Fib and then continue moving up. Trade Entry Confirmation: 1. Price Action: Price needs to move back down to the 61.8Fib @ $34.1K and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern 3. Volume: Above average volume on entry candle 4. MACD: MACD histogram bottoming out Short Trade Setup #1: Retest and Continuation (61.8Fib) To open a short position, we are waiting for price to retrace up to test the 61.8Fib and then continue moving down. Trade Entry Confirmation: 1. Price Action: Price needs to move back up to the 61.8Fib @ $37.9 and bounce back down. 2. Candlestick Pattern: A bearish candlestick pattern 3. Volume: Above average volume on entry candle 4. MACD: MACD histogram topping out
by cryptotraderog
9
Update: Bitcoin it's goes toward the $35,000 USD before to up!!!In this little update, Bitcoin was sell pressure today in H4 or you can view better in H2 timeframe. But, I see that Bitcoin it's turn bearish before to continue up toward the $50,000 USD. But now, I want to show a lot screenshoot to have 2 scenarios plan for bear and bull market and be strong prepared using my analysis. Now, talking about enfocous more my technical analysis, I'm so enfocous more in H4 becuase we have 3 confirmations why I send you a Bitcoin bear signal in the past 10 hours in my yesterday analysis say you that we would to closed up our long position in H4 becuase Bitcoin turn bearish and also, in twitter I mentioned it that Bitcoin it's make a reversal before to continue up. So, we see a bearish divergence in the price action, RSI and MACD. Also, if you like to watch the H1 or H2 timeframe, noticed that we were into this simetric triangle flag. Now look, we break down and that mean that BItcoin it's still bullish in long term, medium term and short term, but right now we see a little correction that we can to get benefit to short Bitcoin. So, today I closed up my long position with some loss becuase Bitcoin show us a bearish presure price action and then, I was obligated to closed up my positions in BTC and ETH for possibe correction in the market and then, pick up my some earns in Ethereum from the $1,190 USD. But, I will going to talk Ethereum too in my other next analysis. And I entry around of $39,356 USD, my SL around of $42,000 USD and my target profit I will going to move to $35,000 USD, becuase my foecast target was not touch at $34,000 USD, but yes it's was near, but now, I see that Bitcoin could to trying to down again, and for that, I reduce my target at $35,000 USD. Now, one point it's in this screenshoot, we are forming this trend key line that allow if Bitcoin confirm the bull cases and keep this trend line, we can to bought in this zone. That it's my own strategy for this case. Now, in H8 timeframe I hope this model on what Bitcoin make, I see that Bitcoin it's could to trying to make a support for second time at $35,000 USD to then, look if this zone are possible bought, another fundamental it's that maybe Bitcoin it's could to formed a possible accumulation zone or a possible ascendent triangle. For that reason, I believe to still pending some altcoins to pump. Guys, if you like this analysis, share my analysis with others traders to have a different plan to trade Bitcoin and if you have any idea, you can to comment below of the commentbox.
COINBASE:BTCUSDShort
by harisonhbn9718
1
Bitcoin trend reversal confirmation on the daily chartWhat is the situation (UPDATE) -Bitcoin has made a double top on the D chart -Bitcoin is currently drawing a double top on the W chart but we need to wait the next candle close in 6 days. -Bitcoin has made a double bottom on the 4 hrs chart but is drawing a double top with the next candle close.. we will have the confirmation in 1 hour. -Bitcoin 2 days chart double top *DOUBLE TOP MEAN REVERSAL CONFIRMATION UNTIL ANOTHER REVERSAL CONFIRMATION Where is the support if we go lower. -35600$ logarithmic fib -33015$ -32000$ -31074$ MA21 -26286$ -23835$ biggest support After the 4hours close i will let you know the direction....
by Crypto_Mercy
3
sell at 30900-31200 and take profit around 27000-27500 short timSELL #BITCOIN AT 30900 WIHT 3 TP ON THE CHART (21700 decent pullback) he is much overbought in all time frame and indicator + he forming an ascending wedge thar usually price break down on this figure #btcusd #Crypto #cryptocurrencies #Cryptomonnaies #Bitcoin #forexsignal i do 2 lot the first lot o will cut at 28500 and take full profit the 2nc lot when it will reach 28500 i will put hios stop loss at 30 000 like that if he back up before my target i keep profit and no loss. ON THIS TYPE OF CONFIG WHERE OBERGOUGHT LIKE CRAZY , YES I DO NOT PUL STOP LOSS BUT I NOT HAVE ANY LEVERAGE AND A GOOD CAPITAL BUT I THINK HE CAN DO A KNEE JERK IN THE WORST CASE?INVESTOR ARE NTO CRAZY THEY WANT TAKEZ THEM PROFIT SOON
BITSTAMP:BTCUSDShort
by corsicasia
Bitcoin shorts on the break and retest of steep trend lineBitcoin looks like the bulls are losing momentum as the market is just short of reaching 30k. You're seeing actual market structure now not just parabolic movement. I'll be looking to enter a sell position on the break and retest of this trend line around the 28880 level. My target will be around the 25590 zone since that is a strong zone of support. I may be looking to re enter a sell position at the 27610 zone since that would be the completed formation of the right shoulder on a head and shoulders pattern, clearly indicating a reversal. After the long weeks of parabolic movement/price inflation and multiple confluences such as bearish divergence and other technical factors, I think bitcoin is ready to see some pullback.
BITSTAMP:BTCUSDShort
by StealPipsSal
3
Bitcoin correction at 30k Bitcoin has been in a bullish rally for these past few weeks and has been moving very parabolic. We should all know that chasing parabolic markets is really dangerous. Big banks have been pumping and inflating bitcoin to reach these highs but I suspect that they should probably start to take profits around the psychological level at $30,000. Once major banks start selling bitcoin it should trigger a major selloff and you don't want to be long on bitcoin when that's happening. What's happening right now looks like a mirror image of what happened in 2018 when bitcoin went parabolic, and we know that history repeats itself when we're analyzing markets. I'd say the first place of interest to start looking for buys is around the 19k zone of previous resistance as that was around the all time high before and bitcoin also found resistance there on its bull rally this year. That is also in the fib golden zone so it's really an area of interest. Personally, I believe bitcoin is going to retrace all the way back to around the 12k zone, a zone its been struggling to get past since June 2019 before finally breaking out this year. It still has to retest that broken out level since it was pretty significant and even a lot of analysts believe 12k was a fair price for bitcoin after they started to see it inflating. I believe once it retraces back to the 12k zone, that'll be the last fair priced buying opportunity for retail investors before bitcoin takes off to 100k for good. Stay on the lookout and pay attention to price. I'll be looking to go long at either of those zones.
BITSTAMP:BTCUSDShort
by StealPipsSal
It is possible to enter sale soonHi everyone! It is my second attempt to enter sale on bitcoin. It is not simple to predict the end of growth of bitcoin now as the price never was such high. It is a historic high. Because of it there are no resistance and earlier saved up volumes, many trend lines are broken. Therefore the only correct way of forecasting, in my opinion, is the wave analysis and also Fibonacci's expansion. I consider, the price is in a wave of III of (III) and has the lengthening form. As the following level of Fibonacci level about 30000 acts. Proceeding from it I expect the beginning of big correction since this level of the price. For myself I set as the first purpose the last reached high equal about 19950 that will correspond 0.382 according to Fibonacci of this growth. Sale on = 29650 TP1 = 19950 SL = 30800 I congratulate all on coming New year! Information provided is only educational and should not be used to take action in the market.
BITSTAMP:BTCUSDShort
by Yuriy_Kuznetsov
16
"triangle breakout", I open a short positionHello dear traders. The triangle has broken through! My previous idea - worked so far by 75% = 1240 pips in our wallet since only 3 targets have been achieved you can see this in my previous idea. I open a new position in Long - triangle breakout! BTC / USDT But I plan to close this long. And open a short position from the current price in order to update again 23500. Because the weakness in the market is visible. And the expectation of a breakdown, as well as an impulse, happened. I want to close this position from 24090 with a stop loss at 24300 and for purposes such as: 23800-23300-23000 22750 Following my risk management and money management, I can allocate 4% for this position, no margin trading, only with a certain market.
Short
by UnknownUnicorn13204076
1
For those who do not know which position to open ... BTC/USDT Hello dear friends. In the previous idea: "W-TOP WHERE THE PRICE WILL GO" I described with accuracy from which zones it is worth buying and in what range to work. Now I will describe in more detail: FLAT range 19015-19305 In order to be even more specific, you can break it down along the extreme peaks (19300 - 19000), and you need to be extremely careful, because at 2h TF, you MAY make a false breakdown of the level 19450-19500, and from there, lower the price lower. And I will say that this will be of higher priority than entering a long position. Since we have a CME margin target area. and 100% of this margin at around - 18250 BTC / $ You can only open a long position if the price breaks out on the impulse and fixes there, at 4h TF LEVEL - 19550. Only then long position, to update 19950 - 20275 - 20500 Why did I open a short position from 19200 without waiting for the breakdown of the lower boundary of the channel. Because for me there are many obvious facts that tell me about the decline. And several people who trade with me wrote messages that from Karl "the moon" It is about going up, and that many do not agree with me that we will fall. Perhaps I am not a wang, but I only trade as the market tells me to. I expect after December 16, a strong and impulsive price decline. In the meantime, we are flat. because we have new targets for CME we have a big gap in price 18100-19150 We have a triple top (maybe not at these marks), but I hope so, and we have large imbalance in the market. Market maker levels - strong ranges: 19275-19430. AND 18400-18275
Short
by UnknownUnicorn13204076
350+ Pip Short to The Downside Before Rise to $20K?Back at it again! Whats going on??... I found a few intraday setups within the 1HR & 30m Time-frame. I decided to focus in more on the 30 minute because it just looked better honestly... lol Price created a clean zone roughly in between $19,250 & $19,175. It's currently breaking under that zone, and I expect a retest & fall to occur. Two major areas of profit for Bitcoin is $18,900 & $18,775. Which are significant Psych levels. Because of the recent close under 2 of my Moving Averages, I don't think this analysis will be invalidated. Even though i'm sensing bearish movement, it still aligns with my recent bullish weekly analysis of Bitcoin. Leave a like if you agree with my Analysis Leave a comment if you're trading BTCUSD this week Stay Safe! -Mr.Pipzz
BITSTAMP:BTCUSDShort
by lobfxempire
Strong levels,w-top,FLAT-trading scenario. BTC/USDTHello traders. The previous idea will work out 100% If you are good at trading, you can see how this happens. I removed all the unnecessary on the grack, so I was guided by all my tips, and waited where the price would go. All my entries, I published in the public domain, and all 4 positions, short, short, long, and short - brought good profit. So far, I am out of position, as I am waiting for the level 18500-18650 to show itself. If you see a close above this level - then definitely a log - up to 18888-19230 If the kickback and creep are below 18350 - short. I still expect that the price will be driven up to form the "Head and Shoulders" - this is the same, I described in my previous idea. But if this does not happen, then I will again continue to work in a flat range - 18650 - 17666.
by UnknownUnicorn13204076
3
Bitcoin Trendline and Bollinger Band target settingThis post is an instance where solid charting takes presidency over all other indicators. The chart shows three instances where the bitcoin price action tested previous resistance as support prior to the bull market beginning. The move shakes out the weak hands and puts bitcoin into strong hands that are willing to buy fantastic dips while others drop after being burned. The trendlines are dynamic resistance, they change over time. The bollinger band is likewise a dynamic resistance. Other examples would be the volume profile or moving averages (not shown). Clearly some of the best long term buying opportunities of bitcoin have been when price action is below the lower limit of the bollinger band. Other great times to buy are when price action is testing previous resistance as support. The purple, black and orange arrows show those buying opportunities and the red arrow shows a support line that is currently unbroken and tested as resistance. If you see weekly candles below that line and finding resistance rather than support it is sign that a hellish dump is close. The price targets so targets based on the trendline and the bollingerband. The most bullish target would be a test of the bollingerband baseline which would signal an immenant bull run, as finding support on the baseline was a hallmark of the 2016-2018 bull market. There is the baseline and the lower limit and both would be technical places to invest. The orange price target is based on the trendline being confirmed as support. The red target is based on the longest term supporting we have and would require the price actin to lance through the bollinger band, wich is, as I said, historically a great buying opportunity. And just because have a pic of the massive amount of bullish divergence on BTCUSD. It would just take one teeny weenie dip to the baseline or lower limit to fix that. The chart is on the monthly with the weekly bollingerband thanks to the BB MTF.
BITSTAMP:BTCUSDShort
by This_Guhy
4