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Bitcoinusd

Bitcoin – local pump before crash!Hello, everyone! Yesterday my short setup started doing pretty well, but when I woke up the price immediately pumped and reached the entry level. Today I decided to close my short at the entry because now the Bitcoin is not forming the wave 5 according to the trading chaos approach. Moreover I missed the order block at $15800 and it’s understandable why price pumped from there. Let’s take a look at the 1h time frame of the BTCUSDT chart of the WhiteBit exchange. Here we can see that the price broke the wave structure of the wave 5 and decided to form my unfavorable structure – flat correction inside wave 4. I missed the fact that wave 2 cannot be represented as a triangle, one clever man noticed it and wrote the comment below the previous analysis in TradingView. Thank you, bro! Now it is clear that the price is forming the wave C. I always have 5 waves and now Bitcoin finished the wave 1 and probably 2. I opened long position with the target at $18k because the price has reached exactly the 0.61 Fibonacci retracement – the original target for the wave 2. Wave 3 should not be too long and I suppose it will be finished at the minimal target zone – 1 Fibonacci extension. After that we have to find the divergence on the local timeframe between waves 3 and 5 inside C and trade the last bearish impulse. Best regards, Ivan
Long
by Skyrexio
17
Bitcoin – incredible short opportunity!Hello, everyone! Today I am going to show you very interesting short trade setup becuase as I said in my previous analysis the dump is not over. Let’s go! Let’s take a look at the 1h time frame of the BTCUSDT chart of the WhiteBit exchange. At $15500 the wave 3 have been ended and after the market showed us the wave 4 which was represented as the zigzag correction. Now Bitcoin is showing us the wave 5. I suppose that wave 1 have been already ended and wave 2 also is about to it’s end. Wave 2 looks like the triangle correction which have reached it’s original target at 0.38 Fibonacci retracement. I decided to open short trade with the target approximately at $14500 – 1.61 Fibonacci extension level. This is the anticipated target for the local wave 3. Best regards, Ivan
Short
by Skyrexio
25
Bitcoin Stay Calm- i know some of my fellows traders went Long few days ago and i want to congratulate them ! - So if u went in around 19k+, you had already a great deal. - Now if you didn't board the first train. i suggest you to wait. - i don't show any indicators to keep the chart clean. ------------------------------------------------------------------------------ Trading Parts ------------------------------------------------------------------------------ - we are reaching a particular zone, so be cautious ( bears or bulls same ) - Nothing to Trade between 20800 - 21150 and under those zones, just wait and stay spectator. Buy Zone : 21,150++ (DCA) TP1 : 22,500 TP2 : 24,900 ------------------------------------------------------------------------------ Happy Tr4Ding !
COINBASE:BTCUSDLong
by thecryer
4
$BTCUSDT BitcoinWhat Is Bitcoin (BTC)? Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.” Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.
Long
by BADQOMOCAWGOWLD
BTCUSD - Back below 5.000I would like to share what I see regarding Bitcoin. I'm not trading it right now but my system is is still showing a sharp decline below 10.000 and below 5.000 in the following weeks. Last week we finished printing a symmetric triangle what broke down yesterday. The symmetric triangle is a continuation pattern , I highlighted the target price what is not funny at all. 21st May looked like we printed an ICL but if you check the RSI 5 you can see when we tagged the overbought territory price started to drop again . It means the ICL still ahead of us . The measured target from the pattern is showing 4353$. 100MA and 50MA crossed over and price had lost the 200 SMA. While I see a lot of posts how Bitcoin will rally again this chart doesn't look bullish at all... I see a popped bubble what is going lower and lower in the ERA of inflation.
BITSTAMP:BTCUSDShort
by chartwatchers
47