Bitmex
XBT - BTCUSD turning bearish, -4 hours from day close
At the moment (UTC19:50ish) the market is fighting over the color of the day close. If it's a doji, better be green.
18500 was crossed and tested during the day, with no success.
Otherwise, chances are a double top is forming. Waiting for confirmation: the crossing of the neckline. If so, I might short all the way down to 16.5k, secured by stops at every attention level.
If the day closes green, we might continue with the uptrend in the triangle.
However, retracement might be healthy in order to keep the rally fueled and avoid a harder crash later on.
Long still open, but ready to reduce position and take profit at the next 18.5K test.
BTCUSDTPERP Break trendlineHello guys
We have a breakout trendline
We need pullback to confirm the break out , and i think the price can fall below the yellow area that the investor can buy BTC and take nice profit ( Investor : they dont need 40 or 50% profit the want 100% or more profit that have nice risk reward ) because of this explaination , i think 10K to 12K its nice area for investor to come and investing to market than wait until 35K to 40K price
This is our analysis and if you want to take position with this analysis this up to you and i just forecast
This our last analysis until market change the trend
If anyone want some analysis in anything , can come in PV and be Vip members
Good Luck
Abtin
FIBONACCI EXTENSIONS-KEY LEVELSThe objectives are enterely based in fibonnaci system I've been using in all my chart, simply fibbo 100 of the entire consolidation--> retrace to 0.618 --> fibbo 100 of the entire bitcoin history structure --> retrace to 0.618 --> expansion to 1.618
30k current objetive
Retrace to 20k
expansion to 50K
retrace to 30k
expansion to 80k
BTCUSD Harmonic PatternHello guys
Whats up ?
We have harmonic pattern in 1H timeframe of chart , we an Alt Bat or we can say Bat ( both of them can be correct because of the rule of the harmonic ) pattern made and we expect heavy fall of market can be happen
We are shown on chart what TP we expect can reach
Im so angry because i don think so that the market will make this pattern in this time ( this is market and i should do my analysis with market not with my own mind and dont take any revenge from the market , never mind )
IMPORTANT : If this candle or 3 or 4 candle later show us the signal of falling we take short position , i think this candle make reverse hammer and after that we are starting the FALLING
If we can stabilization price above of 20K we can take long position to 24K and 29K and 35K
Good Luck
Abtin
BTCUSD Price may drop before making new highsThe price of Bitcoin is always in the uptrend if we check it on monthly basis. However, on weekly basis, a small correction of around 35-40% is expected if the bitcoin wants to make new highs!!
If the Elliot waves fail and the price goes below 13000$ then it can go up to 7650$ around the CME gaps as there are a lot of gaps below 10,000$ which are expected to fill up soon or later.
Still, it is a game of whales for trade cautiously as if it shoots ups to 22,000 or 23,000$ then expect it to fall much faster then expected
UPDATEA break of a parabola, usually comes with a correction of at least a 60% of the entire structure, that points to the 14 area.
The MA20 in weekly chart, that's been a key support for the entire btc history, is currently at that point too, in synchrony with the biggest parabola I shared some weeks ago.
And that's too the 2019 high, around 14k area, so that's the area I will be looking at as the key support and the one I will be buying hard.
And below that, key daily OB, above the weekly range that I don't want to lose. If price close below and not recover that would be a really bad signal... but nothing to worry about jet, this for now is just a healthy pullback after 8 weeks of crazy bullrun.
Bitcoin Market Daily StructureThats how i am going to play the market for swings: As we see Market structure broke down and todays daily candle close will confirm it. I expect bulls defend to reclaim that Phl which will be a rejection and its in 183 area thats where i will open a swing short with confirmation. It might be a wick. Only reclaiming will be back in uptrend. After rejection we will make new Lows.
PHL= Previous higher Lows
MSB= Market Structure Breakdown
CORRECTIONS ARE HEALTHY8 weaks of bullrun nonstop, time for price to correct and rest, nothing wrong with that, does not mean that we are going back to 3k at all. There is no healty bullrun going up straight to 100k, this needs to relax, consolidate and reaccumulate. Good sign is that they did not take the ATH in any exchange, kinda estrange having that key area and liquidity so close, so sooner or latter, but the ATH will be retested 100%.
First parabola I shared some days ago, broke down as shown.
()
And few hours ago the second biggest parabola break down too, as shown in the chart, so for me is clear that this needs to correct. Usually this kind of parabola can easily retrace a 61.8% so It would not surprise me at all to see a retrace to 14k area.
For now this last red support is holding, so we might have a bounce
Resuming, retrace are healthy and need to happens, during 2017 bullrun price retrace more than 30% at least 5 times, so this time will not be different. Still pullbacks are for buying.