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BITCOIN Becareful with "death cat bounce"The price of bitcoin has skyrocketed in recent times, surprising the market. And of course this makes crypto investors more optimistic. We see the high volume columns in the 20k price area showing that the big boys are very much involved. However, after such a dizzying increase, the above transaction volume increased again. Accompanying that is the price showing signs of correction after a hot rally. According to technical analysis, we have signs of Strength Index weakening in the 1-hour frame; before a strong increase can see a prior reflection of Strength Index next to the Price Barrier support line. Do you think this strong bounce from this low is a dead cat bounce? Please comment your opinion!
BINANCE:BTCUSDShort
by steadforwardx
4
BTC expecting local UptrendHey guys, We have success reached price level at 36450! Thats awesome! Then Price hits local high, which looks like uptrend continue. And I decided increase my order price and my entry price moved up. But when I recorded this video, price hits local low level. One 4h bar hits local high and low level - what does it mean? Uptrend correction finished and we will continue fall? Or its just a trap for Shorters and we will continue uptrend as a correction?
Long
by mflash123
1
BTCUSDT - Follow the trend by Keltner & ADX 28 Mar 2021Strategy still holds the trade. Stop loss is moving to follow the trend. Higher High - Higher Low is activated. 1. How to use Keltner Channel a_ Length of Keltner's basis line is 50. It gives the best result in finding rule of BTCUSD. b_ How to confirms a trend. - Upper 2 is used to confirm Keltner channel at Uptrend. - Lower 2 is used to confirm Keltner channel at Downtrend. c. How to determine a swing Entry. _ Upper 1 is used to buy when the market make a corrective. _ Lower 1 is used to sell when the market make a corrective. 2. Long signal is confirmed when Closed of candle crossover the Upper 2. 3. Short signal is confirmed when Closed of candle crossunder the Lower 2. 4. Stoploss is calculated by the price closed candle +/- the value of Average true range (length=20 bars) Stoploss = previous Close +/- atr(20)x2 -> To move the stoploss every 1 hour. 5. Filter the Candle is over 93% for Not Entry.
Long
by dinhchien
There might still be some ground attraction remainingI am talking about this weekly 200 Smma, that is still there, very close, and that was hit in 2015, ending up the bear market. This area around the 2 500$ is also a possible colliding area, coinciding with the end of the 2015 bear market (Monthly 200Smma) As a non charlatan and simple human beeing, i do not know if these areas are going to be hit and if they will stop this current bear market, but if these areas end up beeing hit and a possible pin bar or spring or false breakout, then this could probably be the end of this bear market. Bitcoin is very possible at a wave 4, which means this recent upmove could lead to another leg down that could form a double bottom around the 3.000$ support, or hit these weekly/monthly 200 Smma: this would be the wave 5. Of course different scenarii can happen (Bitcoin is already bottoming, Bitcoin will dive below these supposed supportive areas), but we are not there yet. If Bitcoin would bottom the same way of 2015 (CF the previous TA), the bottom is right here. But, I have the feeling that social networks are still displaying a lot of bullish individuals; When i check twitter, i absolutely do not have the feeling that the average mood is "wtf, some people are still buying Bitcoin? it is dead, man" So i am still remaining alert. This 2 500$ area would as well be a good compromise between the bulls beeing certain that Btc is bottoming now at 3k, and the bears beeing certain that Btc will bottom around the 1k. The market has to talk.
BITFINEX:BTCUSD
by Giovi6969
6
Bitcoin Today: need more volume to ignite further growthPrice Yesterday, as the price reached the Bearish Trend Line, the upward impulse supported by high volume broke above the Trend Line but did not trigger any further upward movement and went into a narrow lateral channel. Bias stays positive, but to confirm the breakthrough we will need to see more volumes above the 6650.0 level; otherwise low demand could bring the price down, below the 6650 again. If traders evaluate the current situation as a possible beginning of the growth, then soon we could see a testing of the 7000.0 resistance. Otherwise, support levels are 6650, 6425 and 6000. Today forecast Trading in the 6400.0 – 7000.0 zone. Latest news Bithumb Hack: Exchange Confirms It Will Reimburse All Users South Korea’s largest cryptocurrency exchange, Bithumb, has confirmed that it indeed lost 35 billion won ($31.4 million) in this week’s high-profile hack — which it will repay to users in full. In an update posted on June 21, the Bithumb said it was beginning “recovery” processes and that the total losses from the recent hack could ultimately decrease. Officials announced: “Bithumb is reducing the amount of losses through its ongoing disaster recovery. Future figures are expected to be lower.” “We remind you once again that there is no damage to you,” Bithumb’s update meanwhile reassures users — reiterating that lost funds would be reimbursed using some of its $450 million in company funds. Bithumb also added that it would publish a financial report for the first half of 2018 in July. Despite the apparent frequency of exchange vulnerability exploits affecting South Korea, the amounts involved still pale in comparison to neighboring Japan, where Coincheck lost $530 million to hackers in January. That event led to swift reform of the local industry by Japanese regulators, with Coincheck escaping shutdown via a buyout from online broker Monex. Korean Government Details Regulatory Plans After Multiple Crypto Exchange Hacks Following recent reports of multiple security breaches at cryptocurrency exchanges, the South Korean government has revealed the details of the new bill to regulate crypto exchanges, local media report. Choi Jong-ku, Chairman of the country’s top financial regulator, the Financial Services Commissions (FSC), commented on the Bithumb hack news on Wednesday. He was quoted by Newsis saying: “In order to prevent this, we need to make the transaction system stable and strengthen the protections of the traders by virtual currency handling businesses.” He explained that an amendment bill to the Act on Reporting and Using Specified Financial Transaction Information has already been submitted to the National Assembly in order to achieve this. Crypto exchanges are currently “in the blind spot” of the Korean regulators, Newspim wrote, adding that they are “expected to be monitored by the financial authorities through the ‘report system’.” The publication elaborated, “This will block illegal money laundering using virtual currency exchanges and enhance the rules for transactions with commercial banks in cooperative relations such as opening virtual accounts.” Sanctions will be imposed on any crypto businesses in violation of or failing to comply with the financial regulators’ rules. They include “recommending the dismissal of officers at the same level as banks and securities companies, suspending business operations, warning of institutions, and corrective orders.”
BITFINEX:BTCUSDLong
by DestinationMoonCrypto