Bitmex
🅱️ Bitcoin Daily, MA200/EMA50 Tested (What Happens Next?)If you've been paying attention you know what happens next!
Bitcoin (XBTUSD) broke below EMA10... This signal only confirms when the daily candle closes.
Below EMA10 Bitcoin can easily go lower, especially if the trading volume continues to increase.
Today's drop is already high volume with a big red candle.
This candle has a long-wick and the daily close will confirm the final signal.
We are likely to see more drop and we have been expecting this for a while.
So it is no surprise since Bitcoin grew from ~$3500 to $10,000+... Now we will have a bearish wave for Bitcoin while the Altcoins grow.
Bitcoin (BTCUSD) 4H Timeframe + Altcoins Market Update
RED Bitcoin Easily, Money Flow To Altcoins, 2020 Halving?
Namaste.
BTCUSD Bybit Chart Analysis May 11th.
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
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“Follow” me and press “Likes”.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for May 11th .
This is an analysis from last week.
Without much movement, the sideway was finished.
After that, a strong drop occurred on Sunday.
This part,
Bitcoin Margin listing & It is good to compare after listing.
(2017.12 Before And After)
For a big drop,
I hope everyone doesn't have any major damage.
Week candle chart.
On the weekend, a large gap gap occurred.
Last week, if you look at the shape of the candle
The upper and lower tails were generated simultaneously.
Today, there are still unresolved parts,
And , The exact direction can be confirmed tomorrow.
Focusing on this part , I brought a trading strategy.
30 minute chart.
neutral strategy.
Centered around the orange line
Check the blue / red route and entry section.
For each finger section,
Long position, short position All are valid.
Short oriented trading is advantageous today,
When moving red,
If , the red parallel support line Breakaway, at the bottom,
Not good.
Stoploss / Principle trading.
Please remember.
Thank you.
Bitcoin Macro Support and Resistance. Down trend for halving?When looking at the weekly we clearly have some very old, strong fractals. Remember macro pattern/fractals are MUCH stronger than micro patterns. We have been bullish for the past few weeks, time for a few weeks down.
Will be holding my short for couple weeks. We might even get a break out on the bottom side. Expecting a wick out of the fractal but not a close above. If we get a close above it's likely a bull market to fill the CME gap @ 9k.
This is a re-post of my previous TA with corrected top resistance.
REMEMBER
Risk Management 50% of trading
Technical analysis 25% of trading
Fundamentals 25% of trading
Don't forget to drop a like!
Feel free to engage and ask questions!
Best of luck to everyone!
BTC back to 5k or 10.5k, what's your prediction? Check mine!BTC Analysis
DAILY
Still inline with the bullish trend line. The recent huge push down came back to trend before pushing back up again and closing with a juicy wick.
I think there are buyers still around but will they prevail, we need more structure in order to know.
I’m looking for a break and retest of the TL in addition to the 55/200 EMAs to change direction and start sloping down again. At the moment they look like they about to cross bullish but it still may not happen.
CCI is looking healthy, not over or undersold meaning BTC could still go either way at this point.
Let’s drop down to the 4 hour and see if we can get a clearer picture.
4 HOUR
55 EMA on the 4 hour is starting to slope down which is promising. The 200 is acting as support with a couple of wicks attempting to touch it. CCI is currently below the safe zone but heading back up.
BTC looks like it’s starting to range sideways between the 23&38 fibs acting as S:R. I’d like to see it sit here for a while and build some structure.
Im currently still in my short from before the drop with profit taken on 50% of my position and the other 50% still open with stops in profit and a load up at the 50 fib level. I will reassess if we get there.
I don’t have enough confidence in either direction right now as too many indicators are conflicting. If we get more bearish signals then I can see a drop possibly eventually to around 7700 then back to 5k if it keeps going. This will line up with order block, weekly trend line and -161.8 fibs so it makes sense to me.
On the other hand, if BTC pushes up past the 61.8, I’ll be taking profit on my short and expect a second attempt at the 9800 order block and if we push through that, next level would’ve around $10,500.
BTC REJECTED OFF TREND & BREAKING BULL CHANNEL?!After a 182% bull run from our most recent low of $3800 its looking like our bullish movement of BTC has come to a short term end. After being rejected off our daily downtrend creating yet another MACRO LH on the daily-weekly TF we are only looking for SHORTS for our most immediate future on BTC.
We will be looking for bearish continuation patterns to form along with weak bullish buyback in order to take IDEAL positions for our BTC short on the 1HR TF,
IDEAL entry for me would be between the 0.5 to 0.618-0.65 Fibonacci ranges,
TP's on the way down we will look left, 7800, 7050 & 6500 all seem like STRONG support levels on the way down.
I will be updating this chart as time progresses, aswell as looking for potential further TP's & re-entry zones if price falls further than current TP's
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Correction or LTF Continuation?We had a wonderful run up, that's for sure.
Took out many resistances without respecting them, now we finally respected the upper bound of the broadening falling wedge (red line).
To the downside we finally respected the small range (thin blue parallel lines) which established itself before cryptos "Black Thursday" (March 12th).
The reaction from bulls is strong as there is a lot of momentum in the market as we approach the bitcoin halving event tomorrow or on Tuesday.
Although the halving itself is historically indicative of a sharp decrease in price after the event, things could be totally different this time and whales might take advantage of this bias.
Trade safely, don't over leverage as we might see crazy volatility before and after the halving.
PS: Spot buying and holding longterm proves to be the most reliable method of making money in this market.
Cheers!
BTC $1450 Downward Move = A LOT OF LIQUIDATIONBEARS TAKING ACTION… Big slice
A lot of people that are over leveraged just got REKT. $100M of leverage longs liquidated
Be ready for anything, trade to a plan and stick to it novices just had a very bad Sunday.
Trading Tip: When events like this happen its good to write down the ‘price action reason’ in your trading journal or mark on the charts. That way in a few days, weeks, months down the track if a price level comes into play you can deem how significant it is. & DON'T OVER LEVERAGE.
Bitcoin Post Halving Trend-FillLooking forward to Bitcoin filling out this trend post-halving
Price has pushed our micro market structure from last June from 12k peak to 10.6k peak in early 2020.
Expecting price to break into macro trend zone of importance at 10.8-11.2k then accumulate there for a larger breakout.
ADAM20 Bitmex - 4hr ChartLooking at the 4HR chart for ADAM20 on Bitmex, I've noticed the following;
1) Fib retrace to 61.80% has occurred
2) Higher Low has been made
3) Downtrend line has been broken
4) 4HR Candle close above Mid Boillinger Band
5) Waiting for Higher Higher and Higher Low to be made
6) MacD & RSI looking like buyers are coming in
7) Potential for a nice full retrace to 620 sats if Uptrend continues
First chart published, feedback would be great.
May 8th BTCUSD Bybit Chart Analysis
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
In the meantime, Korea has been a holiday.
I will work hard again in the future.
Don’t forget to
“Follow” me and press “Likes”.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for May 8th .
This is a 30 minute chart created yesterday.
After entering the long position strategy and $ 9,300 long position,
Up to $ 800 revenue.
Congratulations to all the profitable people.
Monthly candle chart.
Remember $ 9055 / blue arrow at the bottom.
If it stays up until this month,
You can even visit the moon.
I focused on this part and brought a trading strategy.
Today's trading strategy.
It is a 30-minute chart / one-way long position strategy.
Blue path and,
Please check the long-position entry timing & price.
It should not touch the orange trend line.
If, cannot break Throuth the green parallel resistance line,
Blue Finger , Enter short position.
Instead, break through
If you put the smile section on the top
A strong shooting & Up Trend.
When the orange line deviates,
Notice the red finger at the bottom.
Also,
if Break Away from the green parallel line support line,
Strategy fails.
Have a good weekend.
Good luck to everyone.
XRP - The Big PictureXRP - The Big Picture from a Short Term Perspective
Huge downtrend fixed with numerous ascending channels played out like clockwork. In hindsight, its a perfect looking chart if you’ve been riding the waves.
Seeing as XRP is now starting to make a move (ahem, finally!) it’s clear to me that it’s going to hit HUGE, historical resistance at the $0.30 target. If you bought at the bottom of the channel closer to $0.11 you’d be up over 100% right now in only 8 weeks.
Plan A (Bullish) - XRP breaks out of the ascending channel and long term resistance trend line to the upside and makes a push to $0.50
Plan B (Bearish) - XRP gets rejected at the $0.30 level and will inevitably re-test the long term support and a previous low of $0.11
*not financial advice, just my opinions*
Where do you think XRP is going?
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Best,
X