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Bitcoinusdlong

BTC 50K possible. Await 4H closeIf 4H candle closes like this 4H long signal is given by L1000X offset. Backtest results of this and MACD are misleading, you can get more profit by taking it into your own hands to take profit at the top or bottom so keep that in mind. Also Max drawdown will be less if you are taking your own exits. Other things to note: You will not take positions opposite of the trend RUN UP is the important part of a signal given by two lines crossing indicator As a baseline test with TV strategy tester L1000X Offset Strategy is 3.85X more profitable than MACD in BTC 4 Hour
BITSTAMP:BTCUSD
by Leverage1000X
Bitcoin Last Hope Before CorrectionHi all, Bitcoin has been out of its ascending triangle for almost three days now. We've seen the false breakout to the upside which has been followed up by a break of the support line of the triangle. Now in normal cases this is clearly bearish. In the case of Bitcoin however, this is a bit more complicated. In the previous posts i've spend some time talking about how Bitcoin likes to make false breakouts. We see this time and time again. This makes it hard for short term traders to accurately trade Bitcoin without getting stopped out of their positions. Right now I think we're looking at another false breakout for Bitcoin and here's why: The 21 ema has been a good support or resistance line in either up or downtrends. Right now we see the price being supported by this line. It also seems that the price is slowely creeping up to its previous support. I think this is an indicator that Bitcoin is likely to have a false breakout. In case Bitcoin closes lower than the 21 ema, it is likely that Bitcoin will hit the green support zone and finds support there. But for now I am switching back to bullish from being neutral for several days.
COINBASE:BTCUSDLong
by VinanceYT
Bitcoin - to 10,000 and beyond!As previously highlighted, Bitcoin has been making small decent effort to move towards testing resistance trend lines in a renewed bid to break above 10,000. The 4H BTCUSD chart just showed a renewed effort with strength. The 4H MACD just turned upwards, in line with the daily MACD and technicals, and tested an interim trendline resistance with momentum. IF and when there is a successful breakout, look for 12,000 as a target, given the pattern of yet another pennant breakout (zoom out of the chart to see). Looking forward to a follow through over the next 12 hours...
GEMINI:BTCUSDLong
by Auguraltrader
SCENARIO FOR TEMPORARY BTC BULLSHello everybody, here again to thank you for your unrivaled support. I hope my ideas make us grow together both knowledgably and profitably. So please keep supporting them by LIKING as it motivates me to post more setups in the future. Thanks. From the last post we made it clear we are in an intermediate downtrend which usually lasts for quite a while. But even in these downtrends we usually get some upward movements known as RELIEF rallies. These are just 5-10% moves in the opposite to the trend in contrasted to the 20-50% intermediate trend runs. And here's how we could be facing one right now. Pulling up the 4-hour chart, we'll notice the Relative Strength Index (RSI) indicator has always given us entries and exits. Factoring in the volatility in bitcoin trading, we will use 75 and 25 on the RSI as overbought as oversold respectively. For a long scenario, we wait for the RSI to dip below 25 for the FIRST TIME since it had been above 75. And after the FIRST CANDLE closes with the RSI pointing upwards, that close of the candle becomes our LONG entry (long entry = short exit). Likewise with a short entry, we wait for the RSI to go above 75 for the FIRST TIME since it had been below 25. And after the FIRST CANDLE closes with the RSI pointing downwards, that close of the candle becomes our SHORT entry (short entry = long exit). For both these cases although not necessarily, a more cautious trader would want to wait for a 3% retrace before jumping in. That's it! But you swear you saw another indicator passing across the chart, the heck with that?! That is the 120 MA (Moving Average) and in this case our only reference indicator. Despite it being a great indicator in acting as support and resistance on the 4-hour chart, it can also expose fake outs and shield us from taking risky (bad) trades. Typically, you SHOULD NOT enter a long when the RSI-pointed entry is MORE than 10% away from the 120 MA. And NEVER enter a short when the RSI-pointed entry is LESS than or around 10% away from this MA. This applies to ENTRIES ONLY, exits remain as previously explained. Seeing as the last time the RSI went below 25 and first pointed up at the close of $9080 with the 120 MA at $9275, we could be looking at a short relief run to the upside. Taking in the 3% retrace, that puts us at $8815. Therefore, around $8700 where we are, would also be a great opportunity to enter this kind of trade aiming for the $9300-9450 range at best. Cheers. This is NOT financial advice. Please do your own research and understand trading derivatives has high risk.
by triquista
BTCUSD forming bullish BAT | A good long opportunity aheadThe World's No:1 ranked cryptocurrency Bitcoin (BTC) is forming bullish BAT pattern on 2hr chart and expected to enter in bullish potential reversal zone soon. Lets have a look on the BTC price action's move: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is almost projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is suppose to be retraced between 0.786 to 0.886 Fibonacci for a perfect bullish BAT and then the price action will be entered in potential reversal zone of this bullish BAT pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: $7153.07 to 7105.86 Sell between: $7265.77 to $7434.52 So this is a good and very short term long opportunity for Bitcoin traders. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
BITSTAMP:BTCUSDLong
by moon333
A Harmonic Push Can Lead The Bitcoin To Hit The Next ResistanceThe price action of leading cryptocurrency the Bitcoin has found a parallel channel and moving within this channel. The resistance of channel is at $7772.71 and the support is at $6550.00. The formation of the channel was started since Nov 25 2019 and sofar the priceline is not able to breakout the resistance or breakdown the support, this time after hitting the support the price action moved up and went close to the resistance but did not hit the resistance this time so we can assume that this time hitting at the resistance is due. This was the Bollinger band’s upper bands which was the hurdle for price action and did not let the pricline to hit the resistance so we can expect the price action may hit the lower band of Bollinger bands which is currently at $6880 and then it will be bounced up again without hitting the support and may attempt to have the breakout from the channel and the chances of breakout are more than the breakdown lets have some more details then it will become more easier to understand. Indicators and Oscillators: Relative Strength Index (RSI) was oversold up till 17 Dec having oversold value 25.09 and now bullish. Moving average convergence divergence (MACD) is weak bullish. And if we see the Directional movement the +DI has crossed up -DI but the ADX of directional movement is moving down which is a good sign coz when it was up it was assigned to the bearish singal –DI and it is expected that next time it will be moved up for +DI. Moving Averages: If we see the simple moving averages with time period of 25 50 100 and 200 the we have the same position as we had in Dec 2018 the order of moving averages was as: 25MA was below all then we had 50MA then 100MA and then 200 simple moving average was above all and the alligator’s mouth was closed then on 11th Jan 2019 the 25 SMA started moving up and the we have seen in May 2019 a complete alligator mouth was opened which was formed with 25MA , 50MA and 100 and 200 simple moving averages and this alligator mouth lifted the price action upto $13880. This time the moving averages are likely to make the same move and 25SMA is trying to cross down the price action if this moving average will be able to cross down the priceline then it will be 1st successful step toward the formation opened alligator’s mouth and then a strong bull run can be observed. The Harmonic Move: Now the price action has also completely formed bullish Crab pattern and sofar the bullish divergence from the potential reversal zone of this pattern is due if the price action takes bullish divergence then it will must enter the 0.382 to 0.786 Fibonacci projection of A to D leg and this bullish divergence will lead to break out from the channel which we have seen earlier in starting of the article but once the price action will be able to cross up the 0.786 Fibonacci projection of A to D leg then the price action may hit the next resistance level at $12325 which was formed in Jun 2019. Regards, Atif Akbar (moon333)
BITSTAMP:BTCUSDLong
by moon333
2
BTCUSD forming a bullish BAT | A good long opportunityAfter forming a bullish Shark pattern the priceline of Bitcoin / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss point in case of complete candle stick closes below this area. I have set my buying zone from 0.618 to 0.886 Fibonacci how ever for more profit you can try to buy from 0.786 to 0.886 Fibonacci. Buy between: 8027.01 to 7807.79 Sell between: 8084.15 to 8376.43 Regards, Atif Akbar (moon333)
BITSTAMP:BTCUSDLong
by moon333
Bitcoin is Reaching for the Stars - Star Crossing Date 15th/16thBitcoin is Reaching for the Stars - Star Crossing Date 15th/16th ******************************************************************************* Bitcoin is Reaching for the Stars, with the Help from the Frequency Wave and the Green Surge Line... Dragon Wing Formation Complete and Bitcoin is about to make Contact with the Green Upsurge Line, which will send it to the Top Pitch Line and when it Crosses this Line it will Crossover the Star of Enoch at the same moment! When these lines cross it could easily be the end of this Level with Bitcoin Reaching up to a New High for 2019, with a Ceiling at 16,795 and a Floor at 12,775 and a Mid-Line at 14,780, so if you haven't done it yet, say a prayer and make a wish, and then place your bet on this Lucky Star... THE STAR OF ENOCH Star Class: A Level Changing, Dragon Formation Master Star (30 Day Cycle 4 Hour View() Star Class: A Level Changing, Dragon Formation Master Star (28 Day Cycle 4 Hour View) This Star Supports the Largest Dragon Formations, so the Dragon Head could easily hit 16,795 and possibly as high as the Dragon on the Next Level Up, yet only if Bitcoin Crosses above the Top Pitch Line and only if it Doesn't Drop on Contact with the Line, because that is the other Possibility; a drastic Change, with Bitcoin Falling to the Very Bottom of the Level, to the Base Floor at 4,220 with the next Dragon Head Peaking at 10,290... I tend to believe this will not happen, and anyone Currently Shorting this will get blown-out as Bitcoin Surges way above the Top Pitch Line, just like it did when it ran up in April/May and then again in June... Bitcoin may have a Serious Liquidity Problem, but this can easily be fixed by doing what they did with Computer Programming, Memory and Hard Drives, which went from 8, to 16, 16 to 32, 32 to 64, 64 to 128 and so on... Bitcoin is Currently divided by 8, and you can divide it by 16, then by 32 and then 64 and 128 and 256, which is Probable and most likely to happen because, it use programing that was divided the same way and you can do this indefinitely and then it will always be affordable... When you do the Math and apply this division to solve the Liquidity Problem, you will quickly see, Bitcoin Millionaires will eventually become Bitcoin Billionaires and those Lucky few who have Only One Bitcoin, will have just enough to be a Millionaire.. In reference to those that say Bitcoin will hit Zero as the Ponzi Scheme ends, this is Bull Crap, and I will explain why this retarded notion is complete BS... When Movies were Digitized by Netflix, Block Buster Video went Bankrupt and unless you see Computer Technology ending any time in the NEXT 10,0000 years, digital money will never hit Zero... If you look at it properly it is not Bitcoin that faces the Bell-Curve Death Plunge, it is Paper Money that face the timely death; just like Block Buster Video... As long as Computer Technology Continues to Expand and Dominate the Cultures of the Earth (and it will just like it does in the Star Trek and Star War Movies), Digital Money will too, and likewise, even if 99 percent of all the Governments Collapse from War, Bankruptcy or Political Corruption, people will still use Computers and they will need food and during a period like this, and Paper Money (Like Block Buster Video), will be worthless and Only Money Not Connected to the Failed Governments will be used and/or Accepted; the Currency would need to be Decentralized, which is how Bitcoin was imagined, designed and Created... In all of history Money has never had an end of Life Bell-Curve, not Gold, not Silver and Certainly not Bitcoin... It has has Never happened with any Currency unless the Government was toppled, much like what happened to Iraq... It has never happened and never would normally, yet that Death Sentence is not for Bitcoin, it is for Paper Money... Paper Money faces the end of life Cycle and the Angel of Death is ever so close... Paper Money has a Bell-Curve expiration date and Carries this Curse forward, to all New Generations... Just like Block Buster Video, Paper Money will Come to an Abrupt, Unfortunate End, which is absolutely true,,, because Digital Money is our Future... DRAG THE ACTIVE CHART TO THE LEFT TO SEE THE HIDDEN WORLD OF THE SCARED TETRAHEDRON STAR & PORTIONS OF THE BITCOIN GRID CODE
BITTREX:BTCUSD
by BAmos63
Bitcoin soon up, small gains or big gains?Hello guys, Currently working on a project so not around for a lot.. Bitcoin is looking good now, it looks as if we retraced and accumulated enough for another pump. My comment on the abnormal pump Bitcoin did lately would be that when Bitcoin started rising last year most of its waves were this abnormal too, so this may be the way Bitcoin goes up when we are in a bull market. But we still don't have full confirmation of a big bull market yet. Indicators: - STOCH RSI- OVERSOLD - STOCH - Going to OVERSOLD area - EWO - BULLISH DIVERGENCE Pattern: After the big spike we did it looks like we have found support around this price. So if we would have a descending line it almost seems like we are will have a run to the peak of the falling wedge if we keep to this supports which I think we will because of the bullish indicators so soon we can see 7kish area but if this is the big bull cycle we coiners were looking for we should move 7k+!! Good Luck, Traders! #moon #mooncommunity #turtlestyletrading ;) Be a turtle my friend © Farhad Jafarov
BITFINEX:BTCUSDLong
by farhadjafarov7
BTC is done. Or we die.G'day fellas. going back to some of my roots. I've evolved my trade style to focus more on PA and mastering RSI rather than EW. But though I'd go back to EW just to see what's going on, on a larger timeframe. This is what I'm seeing. I chose Bitstamp because they go as far back as 2011 for data, like Mt Gox. I see 5 waves completed. We've retraced to the 70.5% value from our ATH. And honestly, I doubt we fall much from here. There's a couple of reasons Why I think we SHOULD go up from here. 1) prices just DO NOT fall below that bullish OB that I outlined in there. There is A LOT of institutional interest at this zone. 2) We formed a higher low on the weekly for the first time. First sign of strength in this market in over 6/7months. Appearing on RSI as well and my fast and slow oscillators. 3) We had some nasty news, with 9ETF's being rejected. But prices did not dump into oblivion. Usually that's indicative that perhaps market direction has changed a little bit. Because bear markets end when bad news stops being as impactful as they were in the past. (from what I've noticed). With a lot of great things happening for a lot of the blockchain projects this year, it's only a matter of time before the compounding of the good news manifests itself in a bull market. 4) Completed EW cycle. 5) Size of moves becoming smaller and smaller, volatility decreasing. OK. I might be talking rubbish, but I think the end of the market is closer than most people think. NOW. All of what I said above is INVALIDATED should we fall below the 5400 bullish OB. 5k is like the lowest I will allow, but any close, lower than that means crypto will need to consolidate for a lot longer before going on another bull run. Which is why we spend this time to learn TA so we're prepared for the next bull run. I know I've been doing that ^_^ Have you? One more nice short opportunity, then bitcoin will really be slow moving and up goes our bullishness which should fall in line with some solid FA. I'm thinking I post a bit more on here. Though sometimes its really hard to do on top of the stuff that I'm trying to do right now. But I'm keen to get this going.
BITSTAMP:BTCUSDLong
by EnZo