Is BitCoin ready for another run?What if we the price is currently forming a bullish pennant instead of a descending triangle and the continuation is to the upside. If this is the case I'll open a long position with the ATH as a target. However, if we break to the downside, the picture will get awfully ugly, and a bearish impulse of a larger-scale may actually play out.
Bitfinex
DISTRIBUTION OR REACUMULATIONBearish or bullish pennant, distribution or reacumulation, two main scenarios.
If we are in a distribution phase a visit to the low range at 7.2-6k is on the play, if we are in a reacumulation phase, once 14k area is broken, there is no resistance at all till the ATH. In any case, we should se a weekly candle opening and closing above 12k area as a clear sign of a continuation of the bullish trend, thats been the main resistance of this entire year. Good luck.
ETHUSD - is it an up trend or not?Hi, friends. Yesterday, the ETH showed a bullish impulse from the balance, which caused great interest from traders and investors.
Will there be continued growth further?
At the moment, the price has tested the level of resistance, and has being formed new narrow range.
As long as the price is inside the balance, we trade exclusively from the it borders (sell from resistance and buy from support). If the price will breakout resistance level 189.50, it will open the way to 196. For the medium-term trend, you need to pass the level of 204.
If there is a breakdown of the lower support level 186, then the ETH will goes to 180.
At the moment, the priority of buyers remains, but be careful and put stop losses.
Bitcoin Cash (BABUSD) short.All description on the chart.
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Bitcoin SV (BSVUSD) short.All description on the chart.
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V Systems (VSYUSD) short.All description on chart.
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Bitcoin (XBTUSD) Full Short Trade | 70% on 8X Lev | @alanmastersI am sharing my full trade for Bitcoin (XBTUSD) as promised... but first, let's take a look at the chart:
We can see strong resistance being faced by Bitcoin marked by the EMA lines. We can see that EMA10, EMA200, and EMA300 are all sitting between $10,300 - $10,316 (strong resistance). EMA50 and EMA100 are now at $10,279 and $10,271 respectively... If Bitcoin closes below these levels, we can expect further down. If it can move back up with strength and volume, then we can consider a move up. The green and red trendlines needs to be broken for further upside.
MACD and RSI are trending down.
Please remember that leveraged trading (BitMEX / PrimeXBT / BitFinex / Bybit) is high-risk and for advanced/experienced traders only.
This is not financial advice.
Below you can find the full trade...
We already hit our first target on the 10th Sept., but if the setup plays out it will hit again... Feel free to leave a comment if you have any questions.
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Trade: SHORT XBTUSD (Bitcoin)
Leverage: 8X
Buy-in: $10,333 - $10,150
Targets:
(1) $9,900
(2) $9,750
(3) $9,600
(4) $9,420
Stop-loss: Close daily (1D) above $10,500
Liq. price: $11,855
(Buy-in calculated at $10,250)
Potential profits: 70.48% ROE
Capital allocation: 6%.
Date: 9-Sept-2019 | 5:11 AM UTC-4
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Thanks a lot for the support.
Make sure to hit like, follow and comment for more profitable trade ideas.
Namaste.
bitcoin maximalists at it againtwitter maximilists saying dont worry, the institute's are accumulating
and the other one is " bakkt is priced in!!" what absolute bollocks
they are not!!!
your seeing trading and bots!!
ignore them
they will acumilate ( if they are intrested, which looks like they are not) it will be at a far lower price
Bakkt is just another futures platform, not a hub for mass buying and mooning.
LTCUSDT - Possible scenariosHey to all.
Today we analyse LTC.
Daily chart - bear priority.
2H - the last balance has gone down and now the price is testing the beginning point of the bear impulse, unsuccessfully so far. Bulls are not strong enough at the moment and with a high probability the price would drop to 68.65. And then you need to look at the reaction of the price to the marked levels and proceed by the rule "If-Then". Noted on the chart how to proceed.
Wish you profits.