Bitfinex
#Hourly: Bitcoin and The CME GapOn Friday evening the price of bitcoin futures was fixed at $10,000 on the CME. The new trading week will open with a gap (almost 13% for now). It's interesting to see how this gap will be closed because:
1. AO = down.
2. EFI = bullish trend was broken.
Technically, the uptrend formed on March 13 (local_trend) was tested and holded.
The magnet above = $9300.
The magnets below = $7700, $7100.
For more details, see the previous idea .
Halving is coming.
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#Hourly: Bitcoin and The HalvingThe range was formed and its average = $9010. Buy on retest of the middle and when the price is higher than $9500.
Partially sell on retracing the middle line and going down, sell below $8500.
Wait while the price is in the range of 8500-9000. Retracing of the 9300-9500 zone and going south = sell.
Targets = $7600, $7100.
BTW. There is a gap on CME. The market closed above $10000 on friday but the current price is about $8800.
Opening a short wasn't a dumb idea.
Time to watch.
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BITCOIN Exclusive Update about $22500 or $4450 don't MissBITCOIN Exclusive Technical Analysis Update:
BTCUSD Now trading at $9870 attriting this Post.
so What Next I will Explain Everything So don't Miss to read this Update if you want to earn Huge Profit.
What say Technical Analysis ..?
1)- First Scenario:- According to TA I can see $10650 is very Strong Resistance in weekly time frame.
and $10185 is also very Big resistance level guys.
so you also keep an eye on both level very closely.
If we breakout $10185 Resistance level with Good Volume then Next Target we can see $10650.
so this Resistance is very very Strong because this is 875 Days Strong Resistance.
and also keep in mind everything will be happened in Bitcoin because BTCUSD is very Volatile right Now.
so if breakout $10650 Level and any weekly candle close above $10650 then I will open Long position and Target would be New All time High.
But
2nd Scenario:- Now We are Talking about Support Level. So if Bitcoin Rejected this Strong Resistance level $10185 and $10650 then down side First support is $7748 for hold bull scenario.
but if this $7748 support level will break down then we can see BTCUSD bellow $6000 so I can expect $4800-$5200 if and only if break down $7748 Support level.
One more Scenario: Now I am resting on more things that 50MA and 50EMA also working good and its indicates when big Pump and when Big Dump.
so 50EMA crossover 50MA upward side then Very Bullish Scenario and we can see 300%-500% pump.
but if 50EMA crossover 50 MA downside then Bearish scenario mean we can see 70%-80% dump expect.
So you can read chart I drawn 1,2,3,4 number with White Box. this will help you too much.
When New All Time High or Again Low..?
I also Drawn One Vertical Line which is Indicate to me if Breakout Upward side then We can see Bitcoin New All time high and Time Period Also Given as previous DATA.
but if Rejected this Strong Resistance then we can see again Low till $4450-$5000 same White line and Time period also sAme.
So I am Waiting for Best Confirmations .
What to do Now..?
if I am Talking about Myself then I am Converting My 50% Bitcoin in USD. ( good and Trustable Stable Coin like #PAX , #USDC , BUSD )
So I am waiting for Breakout or Breakdown.
so I converted 50% in USDT at $10000 level.
if breakout upward side $10650 and any weekly or daily candle close above this Resistance level then I will buy again with Small Loss.
but BTCUSD down as I accepted then I will book Huge Profit.
This is Not Financial Advice.
Guys you know My hard work so
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#Daily: Ethereum is on trendEthereum keeps going on a local trend, but stucks in the resistance zone 224. Do not buy, wait. Do not sell, wait.
Closing of the day above 219-227 = partial purchase. Retest of the 224 zone downward and rebounce = purchase. Target = 270+.
Retest of the 188 zone upward and rebounce = short. Targets = 155, 130. Opening short now is against the local trend, but possible within the LTF range (for example, hourly TF with the range of 219-197).
And more details.
Ethereum retraced the 224 zone, which hasn't work as support recently on March 8, 2020 and become resistance for now. Check out the same situation on September 19, 2019. A range was formed with highs of 149 and 227 with a middle at 188. The upper part of the range 227-188 = consolidation zone, trades are possible by LTF (1-3 hours). The numbers was rounded.
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#Monthly: Bitcoin, Trends and The Secret StrategyThere wes a couple of predictions recently: we will never see Bitcoin cheaper than $ 5,000 (@tonyvays) and its price will jump to $115,000 (@dan_pantera) by August 2021.
We'll see.
Wanna show you how these numbers correlate with the chart and where are the nearest points of strength. Candles without sticks, open and close only, log-chart.
So, Trends
a. Prehistoric trend, formed by lower lows of 2013 and 2015. The lowest point on this trend for now = $1,800. Creepy.
b. Trend formed by higher high of 2013 and lower low of 2019. The lowest point on this trend = $4,700 for now. Bitcoin has already hit this trend and rebounded sharply. I bought from this zone, like many others, it was an excellent price.
c1. Current global downtrend, along the edge of which the price has been creeping since June 2019. It was formed by highs of 2017 and 2019. The highest point on this trend = $9,300. I closed my long here on April 29, excellent move. Wait now .
c2. Projection of the c1 trendline, forming a descending channel, the lowest point of which = $2,800 for now. Trend is formed by bottoms of September 2017 and January 2019.
d1. Candle close level 2017 = $13,770.
d2. Candle close level = $3,500. In fact, d1-d2 is the range of consolidation. A break downward possibly opens the gates to the hell down to $1,150 level. A break upward creates a spark for a new bullish momentum.
e. Local trend formed by nearest bottoms of 2019-2020. The lowest point on this trend = $6,700 for now.
f. Resistance line formed by the February doji in 2018 and higher high of 2019. The highest point on this line = $10,800 for now.
h1. Trendline formed by highs of 2013 and 2017. The highest point = $62,000 for now. AYS?
h2. Trend formed by extremes of 2013-2019, excluding the hysterical peak of 2017. The highest point = $15,000.
z. Trend lasted from October 2015 to November 2018. Broken. The highest point = $29,000 for now. AYKM?
And The Secret Strategy
If you're afraid of enter the market, but want to convert your holy dollars into the crypto for 3-5 years, buy now. If everything becomes (very) bad:
1. Price is $9,000, let's say you invest $150.
2. Price is $5000, invest $250 more. The average entry is $6,500.
3. Price drops to $3,000, invest $600 more, the average is $3,600.
4. Suddenly the price goes underwater to $1,500. No panic, invest again $1,000 more. The average is ~ $3,000, good price. So you invest to the promising asset $2,000 in total.
One more thing. Ok, a few...
First. The main thing is not the price you buy or sell, but the correct calculation of the position. Don't try to catch the ideal price, it doesn't exist, like a free lambo.
Second. Do not listen to those who talk about the frenzy of averaging against the trend: with proper management, you'll take your profit or breakeven.
Third. Try to average your enrty near the strongest level. Don't know how to find it? Watch the move and stand aside if price falls down less than 10%. Price squeezes by 25%-30%, you average without batting an eye.
Fourth. Watch the market when you stuck in a counter-trend trade. If forecasts go worse and risks increase try to open another trade on the trend. Hedge your position.
Fifth. Follow the trend not only for averaging. If the price goes in your direction, increase the position. Yep, worse average price, higher final profit.
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Protixder 100% short as it looks up, the most will get rekt!As the market looks to increase, and fomo started on it, it will dump huge. i have said this before more times, and exactly happend what i did expect.
as said before i know how whales working, i am working for long term on mx effect. this are a very important moment for btc ---> all enter that will done at 9K area will get a huge rekt, as the bitcoin market about to crash. i am not the only say. this.
@ THE FIRST SELLING WHALES WILL BE BITFINEX , BEACASE THEY ALREADY SEND BTC TO EXCHANGE.
@ IMPORTANT UPDATES FROM ASIA.. SOON MORE.
Personaly i follow whales, and know some from them, and read and study them data.
@ you can do what you want. you can buy hodl trade sell. what i add here are only personaly expecting depens on data.
Have good time, see you at crash btc below 8K.
BCHUSDBCHUSD will soon test the 200 MA + latest fractal high. I will be watching for a sell, at either or both points. This possibly will create a new lower fractal to place stops, allowing for reenter, once both - 200 MA and fractal highs, have been broken. Targets on chart for both moves. Good luck. Feel free to support me in anyway you feel adequate.