Bitmex
BTC ... Upside Potential Good morning all
BTC, looking towards that upside movement, around the 11830 level for the immediate short term.
We've pushed through this liquidity & Supply Zone that we were hanging around over the weekend which was admittedly of low quality as we discussed just the other day.
For a short term play, this would be my pick, that movement towards that Supply Zone just above where we are currently, to make a decision there, which in my opinion, would be a second rejection at this level.
Our indicators support this outcome.
August 28th BTCUSD Bybit Bitcoin Chart Analysis
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 28th .
(For personal reasons,
For the time being, I cannot write an Chart analysis for about 2 weeks.
Please understand.)
This is a 30-minute chart created yesterday.
Based on the orange resistance line / green support line
In each finger section,
There has been a big fluctuation up and down.
Instead, the lows weren't broken,
And , Because it rebounded strongly to the red section,
In the downtrend, the flow has changed to some extent.
It is a daily chart.
Because I cannot write an analysis for the time being,
The main contents of the medium and long term are summarized.
No. 1, section is the section that must be touched or break throuth unconditionally,
Because a falling signal has occurred,
Failure to break through will result in a strong decline.
Similarly for section 2,
This is a section that must be touched in order to maintain the upward trend in the future.
If you cannot touch,
It will take time, but
Again there is an additional fall.
If the brown section at the bottom deviates,
Not good.
Focusing on this part, I have made a trading strategy.
This is today's trading strategy.
It's a 30-minute chart, one-way, and long-position strategy.
In the current position,
It is a very difficult section to construct a parallel line.
Please refer to the blue route and the main section.
If , Breakaway the orange trend line and support line is not good.
Please refer to it and hope that you Trading safely.
I have a job today, so I think I have to rush away.
.
Have a good weekend.
Thank you.
BTC, loud thinkingBTC is getting slowly bearish in the 4h chart with a decreasing slope of the support lines (1->2->3). I expect a dominancy of downward movement in the midterm.
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Till now I published 211 ideas. From these 211 Ideas, I had 149 direct trading signals which ended either with profit or stoploss.
From 149 trading signals I had 33 Stoplosses. In my trading signals, I use stepwise exit system, in which exit 2 (1% profit) is my main recommended exit. My recommended stoploss is 2% at the unwanted direction. Hence, depending on my/your money management strategy (reinvestion or no reinvestion) and leverage i need 66-70.3% (considering that you trade with 5x leverage) success rate in my scalping signals to break even.
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August 25th BTCUSD Bybit Bitcoin Chart Analysis
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 25th .
This is a 30-minute chart created yesterday.
In the first Blue finger section,
The rebound came out.
Afterwards, the red resistance line -> the green support line was brokeaway.
Without much movement, it was finished sideway move.
It is a daily chart.
The daily candle creation location is not good.
Bollinger Band Centerline,
Created on the lower side.
In purple/orange, we have marked today's main section.
To keep the uptrend,
You must reach the purple section today,
It is dangerous if touch the orange line or Break away.
I came up with a trading strategy focusing on this part.
today's trading strategy.
It's a 30-minute salary chart, a neutral strategy.
I brought a trading strategy centered on the green support line.
Blue finger section /
Pay attention to the red finger section.
Today's analysis was late,
Immediately from the current position, vertical fall may occur.
It's a very dangerous position.
If you touch the orange line, or if Breakaway, it may fall strongly.
If you support it in the current position,
must break through the red resistance line.
Check each major section,
The operation of short trading is good.
On the spot exchange
Only with other altcoins, stop loss is required.
Running short only on the long-position entry section,
It's advantageous.
And It can be dangerous, so it is better to stop trading for about a day today.
Thank you.
BTCUSD Short Good morning @everyone !
Welcome to Tuesday, during yesterday & today we've observed our plan play out, mostly looking at a retest of that trendline + the 23 Fibonacci retracement, the 23 was the one that made sense the most to me due to the liquidity we saw just to the left, which I've outlined with the white line.
What I'm seeing with this is obvious, with my next step being the move back down to our Demand Level at 11250. This has been a decent recovery so far & I think it'll be hard to push it back up to that 12.3k level for a second test ultimately.
I do believe that 12.3k was the major swing level that it was shooting for, hence why I left that level in for so long, it made sense, from a 1D S&D perspective.
We'll see if we continue down from here, need another few red candles to confirm however. For those using Ichimoku, all settings that I have observed have had a bearish Kumo twist, if you'd like to check that out for yourself.
Have a great day!
ALL EYES ON BITCOIN - 22/08/2020What's up traders? Hope you made some profit yesterday. Let's start with today's analysis and next trade alternatives.
INTRODUCTION:
As always, before moving on with the analysis I would like to highlight that I base my trading on 3 different time frames which we will be looking at during all the series, those are: 1D, 1H and 15m. I also use MACD and RSI to follow up with the momentum on the market and I have 2 EMAs plotted which are the 50 day EMA & the 200 day EMA that I use to see the trend in each time frame. (We say that when the 50 day EMA it's above the 200 day EMA , we are in an uptrend. (The opposite in reverse) After taking into account the principal things that I use in my trading methodology, let's start!
LAST TRADE UPDATE:
As I told you yesterday I was waiting to see a break of the horizontal channel/range that I have drawn on the chart. Because It broke the bottom part of it (red rectangle), I entered a short position at 11586$ which I closed around 11485$ because I was seeing the price trying to move up and I wanted to close the position to go to sleep lol. Finally, it went down until 11387$ but anyway, WE TOOK SOME NICE PROFITS!
WHAT ABOUT TODAY?
As you can see on the chart price bounced from 11387$ maybe because we had a bullish divergence on the 1H chart as you can see in the MACD, indicator made a double bottom but price made a lower low. Now price it's around the 11600$ level which has been rejected 3 times since the bounce. on the 1H chart. The 11600$ level was before a support that had been rejected many times but in my opinion now it has turned into a resistance. For now my bias is bearish as we are in a short-term down trend and I can't see any divergence in momentum in the high time frames. However, I have not taken any trade yet because I'm waiting for a confirmation. Let's move one to today's trading alternatives.
TODAY'S TRADE ALTERNATIVES:
- I will enter a LONG position if we break the 11650$ level. (I will wait for a little correction and then enter the market)
- I will SHORT if I see price starting to fall from the 11600$ level with strength, for now we can see how candles have been rejecting that level but I can't see strength on the rejection. Also looking at the order books the drop isn't clear for me yet. (I will wait for a little correction and then enter the market)
If I can give you a tip is that whatever happens, alway stay awake and monitor the trade until profit are in your hands. In order to find my exit zones/take profits I will be looking at S/R, momentum divergences and EMAs rejections.
Whatever happens, I'm ready! Thank you for making it here, I hope you can leave some comment, question or tip, I will really appreciate it. See ya on tomorrow's analysis of the market. GOOD LUCK!
BTC are you gonna get corrected or what? #BTCUSD #1hr #Bybit #Tommy
- Here is BTCUSD 1hr chart. It failed to break the 11900 resistance and is going through some correction.
- I am currently considering 11810 as a short-term resistance.
- For pattern perspective, we could say that it just broke the rising wedge and then had a retest.
- Please pay attention to the blue long-term trendline that is located below. I have marked it with blue box.
- If it fails to support, the market is highly likely to become bearish.
- The adequate areas for entering short are 11960~12030 (valid until 6 hrs from now) and 12100~12200.
Bitcoin.. why come down again? #BTCUSD #1hr #Bybit #Tommy
- Here is BTCUSD 1hr chart. BTC has broken above the major price lines and resistances yesterday, and then broke all of those down again. What a surprise.
- Pay attention to the red box I have drawn on the chart. It retested on this box which I have been considering as a significant price area where price gets resisted when it’s under it, and gets supported when it’s over it.
- If we see more bearish moves, I am expecting support at 11420~11520. This is the area where blue trendline passes and the 1:1 of Fib extension of the corrective waves overlap.
- Moreover, please keep an eye on the green downward trendline. Later when BTC reaches this line, we might expect some resistance from in a shorter term.
- The resistance that I am currently considering is 12100~12200. This is where red trendline retest area is located and thus is only valid until 24 hours from now. Later I will update this area.
- Lastly, keep an eye on the RSI orange trendline. When RSI succeeds to break this over and the candle closes, we can expect some more bullish momentum. Also be aware that MACD’s moving averages are converging towards each other. When it shows golden-cross, it can be interpreted as a bullish signal.
August 18th BTCUSD Bybit Bitcoin Chart Analysis
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 18th .
At the top is a 30-minute chart created yesterday.
It was a one-way long position strategy.
Green support line, stop loss.
long position entry Touch $11833,
After , There was a $700 rise.
Congratulations to the profitable people.
It is a daily chart.
MACD Golden Cross is waiting at the bottom.
In each section, the main contents are marked.
Focusing on this part, I brought a trading strategy.
This is today's trading strategy.
It's a 30-minute chart, a neutral strategy.
Check the green / red convergence section.
*With blue movement path and red finger section
Separated.
*In the spot exchange,
In case of blue movement path, Bitcoin SV
In red, it is a major altcoin.
In each major section, I hope you operate safely.
Thank you.
XBTUSD Are we making higher highs?!#XBTUSD #Bitmex #Daily #Tommy
- It’s been a quite while since I have TA’d XBT. Here is XBTUSED daily candle.
- After successfully breaking above the red box around 10600, XBT has been making higher highs and lows.
- Finally, it broke the 12163 and 12340 above, which were the recent previous highs that are considered to be a very significant area by many traders.
- Now, we need to make sure if today’s candle can close above those prices.
- I am keeping my eye on the short-term major support area around 11960~12160 which recent retest area of the orange down trendline and previous high (pink) overlap.
- Furthermore, the blue upward trendline is passing by so I think it is reasonable to bet on this area for long position.
Long
EP: 12160
SL: 11800
TP1: 12640 (RR: 1.33)
TP2: 13040 (RR: 2.44)
Bitcoin - 12k Resistance breakIt seems we can get today resistance break for BTCUSD today. If it closes above $12k the next logical target for me is $14k. Momentum looks strong, definitely no shorts for today.
Have some bids near $12000
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.