Bitcoin | RED MONDAY (Support & Resistance)We are of the same view here with Bitcoin (XBTUSD) printing a lower high and now closing below EMA10... Prices can drop lower.
The immediate support is sitting at $9333 or EMA50, this is the next level to look at if Bitcoin moves lower.
Followed by $9174 or MA200.
Additional support levels are marked with blue dashed lines.
The immediate resistance is now at $9750 or the last high.
"Strong resistance" is found right above it in the $10,000 - $10,500 price range.
We go bullish above this level (10/10.5k), bearish below.
We are looking bearish on Bitcoin right now.
Namaste.
Bitmex
Bitcoin 50/50 TriangleAt Bitcoin, the next few days will be decided in which direction to choose. In the picture you can see Bullish triangle with a target around 11500$. To fulfill this scenario, BTC must still fall into zone 9250$, maintain it as support, and bounce toward UP. The bearish scenario is that the BTC falls below 4H BK231 (marked in orange), falls out of the triangle, and falls to a value of about 7,300$. Bitcoin would lose the bullish momentum and could gradually fall even lower. Currently it is 50/50, as BTC is located in the sideways structure.
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8X Lev. Bitcoin Cash (222%+), Final Call (Time Sensitive)Lately, all of our leveraged trades have been producing great results... Here we are active again on this setup for Bitcoin Cash ( BCHM20 ), details on the chart.
We have a trade with 8X/10X lev. on this pair...
Hit LIKE if you would like to see the full details.
If enough people are interested, we will share at 166 likes (buy-in, targets, stop-loss + additional information).
Thanks a lot for your support.
Leveraged trading is ultra-high risk and not intended for beginners.
Trade at your own risk.
If you are just starting, stick to the altcoins and only try leveraged trading once you are a successful and experienced spot trader.
This is not financial advice.
Namaste.
Trading Plan #ETHUSDHey Guys! Like and comment if you like the content. 👍 Subscribe will be a lot of interesting 👌
Suppose correction to the area 215-200 and from this price I will buy for the purpose of 300-320
DISCLAIMER:
The opinion of the author may not coincide with yours! Keep this in mind and consider in your trading transactions before making a trading decision.
Trading Plan #BTCUSD Hey Guys! Like and comment if you like the content. 👍 Subscribe will be a lot of interesting 👌
Suppose correction to the area 8.810 and from this price I will buy for the purpose of 11.300
DISCLAIMER:
The opinion of the author may not coincide with yours! Keep this in mind and consider in your trading transactions before making a trading decision.
$BTC : Dominance chart, why its useful?The BTC.D Chart shows the total % of the Cryptocurrency market cap that BTC holds, why is this important?
When BTC Dominance rises, that means money is flooding out of altcoins and into bitcoin, usually in highly volatile times.
When BTC Dominance consolidates its a sign that money is moving is flowing between the altcoin and bitcoin markets and this is the best time for you to be trading altcoins.
Some things to note about the BTC Dominance now on the weekly:
-Strong uptrend (Parallel channel and painting flag structures)
-Possible elliot wave structure, we still have 1 wave left
-RSI Above 50, but turning down
-Still creating higher lows on the smaller and higher timeframe trends
-Flipped resistance right next to a golden fib
-Double bottom pattern
All these bullish signs are dangerous for alts, if it closes above 70 i would beware.
But on the positive sign:
-Many alts are positive lately, showing higher lowers and are very close to nice bounce areas like orderblocks/golden fibs
-We are consolidating with a slight downwards angle
-We just had a small pump and wicked down instantly off the OB/0.5 fib could be a earlier sign of rejection
-The pump was a breakout of the double bottom pattern but we are back under the neckline now, if we start to consolidate above it or bearish retest under it maybe alts can get some love
-Daily RSI is under 50
So pay attention and understand that if BTC moves up your alt trades will quickly go under, if it continues to dump off a bit and consolidate then alts can get some love!
Click onto my main profile for 4 current altcoin ideas:
RVN QNT XTZ ICX
XBTUSD Bitcoin long termLonger term view. This is a likely top area unless if we break out, which would signal a new bull run, particularly if we set a higher high than 10100. Otherwise, seems likely we retest the support areas of the XBTUSD triangle. Mid 6k's might form an inverted head and shoulders, otherwise, low 5k's are a possibility. Expect downturn in June and July unless if the present area breaks out above. If we dump here in the summer, later this year or early 2021 may be the beginning of a new bull cycle as the resistance trendline gets lower and lower.
BTCUSD Bitcoin Chart Analysis May 29th
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 May 29th .
This is a 30 minute chart created yesterday.
Exactly as the Trading strategy, the same move came out.
Up to $ 480 Profit.
Congratulations to the profitable people.
Today's key point.
It's a 4-hour chart.
The current position should be vigilant.
This is a dangerous section.
For Uptrend and DownTrend,
I checked the main points
With this focus in mind, we make a trading strategy.
Today's trading strategy.
It is a 30-minute chart / one-way long position strategy.
Notice the blue path.
When the red parallel line breaks,
Notice the final red finger section at the bottom.
Thank you.
BITCOIN NÄCHSTES ZIEL 10.000 $ - 11.000 $ ?Wir befinden uns in einer Impulswelle. Wir haben Welle 4 bestätigt bekommen, da er genau auf dem typischen Wert 0,382 nach oben reagiert hat.
Wenn er aus dem Dreieck nach oben ausbricht, halte ich Preise von 10.000 $ - 11.000 § für realistisch. Wie stark Welle 5 vom Volumen ist werden wir in den nächsten Tagen sehen.
Die Formation die sich gebildet hat ist auch Bullisch zu werten.
Schreibt mir gerne eure Ideen in die Kommentare !
Freue mich für Feedback
Rebound from supportAfter testing the support I wrote about in the previous post, the first signs of recovery appeared. A bullish wedge was formed and confirmed on the 1D timeframe. In the near future, growth is likely to continue, through the formation of a kind of Inverse Head And Shoulders. Therefore, in the near future, I am inclined to continue growing.
Bitcoin Price Rising Wedge Retest | Still Bearish Bitcoin now at 9200 $ it broke the rising wedge at this price and now retest here .
it looks bearish and continue to move downward as no volume we are seeing right now.
for those who want to enter short wait for 9300 - 9400 and than enter the trade . here market maker can liquidate the early shorters.
try to play safe price daily close above 10000 $ is bullish and we are ready for big move.
Many big news we are also witnessed so it can misguide many retail traders.
Still we can scalp this bitcoin for nominal reward by shorting 9200
Target : 9000 , 8800,
Stop : 9500
LTC SHORT!LTC is stuck in this consolidation zone and has been for 5 days now,
i have an alert set just before the resistance line for a short.
Take profit 1 set at the next level of 0.004609 then i will let the rest play out down to demand.
Trend bias Bearish
LTC/XBT 4hr
May 28th BTCUSD Bybit 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 May 28th .
This is a 30 minute chart created yesterday.
Depending on the trading strategy,
There was a good move on the orange trend line.
Up to $ 400 profit.
Congratulations to the profitable people.
Today's key point.
12 hour chart.
Stand by MACD at the bottom.
The Bollinger Band breaks through the center line and $ 9300 is a meaningful segment.
Until the end of this month,
it's a good to stay in a nearby position.
I brought a Trading strategy focusing on this.
Today's trading strategy.
30-minute candle chart / long position strategy.
In the middle, pay attention to the "no expression" blue line.
Your current position is important.
Please pay attention to the moving route and long position entry price and entry timing.
It is not good to Break Away the green parallel line support line.
Thank you.
$BTC : CME Gaps on Bitcoin.This chart is just to reflect on later/view to identify the current gaps on the Bitcoim CME chart.
But why is this important?
CME, as a multi-billion dollar derivatives company, has no incentive to push for Bitcoin options and other investment vehicles if there simply is no traction or demand from the market. As the company’s executive Tim McCourt said, CME’s Bitcoin futures market facilitated around $270 million per day:
“We’re pleased our CME Bitcoin futures have rapidly evolved over the last two years to become one of the most liquid, listed Bitcoin derivatives products in the world, averaging nearly 6,400 contracts (equivalent to 31,850 Bitcoin) traded each day in 2019.”