Bitmex
Wow! $7800-$7900 Price Target Ahead for Bitcoin! Don't Miss ThisHello dear readers,
Multiple signs in the BTC chart is pointing to another $500 upward movement from here.
1) Buyers wiped out in the $3.6k flash crash
2) New buyers are still scared and not confident to jump in and will miss most of the rally.
3) Money flow has bullish divergences- indicating money is coming back into the system.
4) RSI is trending up
5) Relative Volatility Index still has room to go up- indicating a huge price movement can happen at anytime.
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BTC, PUMP BEFORE REVERSAL ?BTC looks bullish in the short term but the big picture screams a correction
Possible SFP breaking the 7500 level where all the stop loss and liqudiations are placed.
Good risk reward from here!
A reversal formation is possibleThe double top pattern is formed on the 1-day timeframe. At this time, the formation has not yet been confirmed. Conservatively enter the short only after its confirmation, that is, after breaking the support level of 6600-6700$.
Daily analysis XBT/USD 010Hi everyone,
Back with another view of the BITMEX:XBTUSD contract on Bitmex.
Let's start with the daily which is looking like it's about to go trending after 7 days of range motion between $6750 and $7300 , we might have a zero candle (that doesn't say much about the market) which might shake off some early shorters or buyers.
We are also squeezed between the descending trend line and the bottom of the channel.
In the hourly chart we have a better idea of how the trend/range cycles function lately and depending of your style of trending you have multiple possibilities.
For Position traders, well here you clearely want to use higher timeframes so the hourly can't tell you much , but it can help you for entries
For momentum traders, tread lightly, you might get burned if you are not careful, as for position traders, use higher timeframes to confirm your assumptions and remember DON'T HOPE as wishful thinking gets accounts rekt or eaten partially.
For Swing traders, you have a range that is getting shorter and shorter some fakeouts are on the way.
For Scalpers, well 1-5 mins are your friend, we don't really offer 5 mmin analysis but you can have a general idea on what''s going on with our daily/hourly.
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1 Leftmost columns - Last trades with a min amount of 50k - designed to show short term trend (can help scalpers)
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LTC continues to push down!!LTC has been in a downwards trend for quiet sometime now.
I am currently watching this current demand block.
if we break though it we should see a move down to the next demand zone or even a touch and bounce off it. that's when I will be looking for longs.
no trade just yet.
if we tweezer bottom off the support then I will be looking for longs after a break in the trend
we also haven't seen much of a consolidation on this m20 chart
LTCM20
4hr
Bitcoin Can Do More RedThis pattern we are seeing with prices below EMA10 can easily produce more red.
We would have to see a break above EMA50 ($6976) in order to gain some bullish confidence... For now, the bears are gaining control.
This is just a friendly reminder.
Namaste.
Second bearish crossing on H4 incoming - 21SMA & 100SMABulls have a hard time fighting bears. We already saw two strong down-moves with little reaction from bulls.
Now we have formed another bear-flag. Additionally, we have been rejected as we approached the 21 SMA on the H1 timeframe.
Took a moderate short here and will take profits at the 6.5k level. Maybe just a bear-trap and BTC will fuck bears over with a massiv green candle.
Stay safe & cheers!
Daily analysis XBT/USD 009Hello everyone,
Yesterday went as expected, we hit our (orange circle) and almost our hourly support with a precision of one hour (which is nice).
We seem to be hugging the lower side of the channel now and the hourly resistance moved down a notch to the $7200 levels.
The MA's are not defined correctly in the hourly but as it sits this seems like a 2:1 long trade in this range , take it or not , either way this would be a very short term long.
The Daily chart is more pessimistic with the HA candles in the red and the first real support at around $6500
There are 2 factors that might influence the price up or down right now:
- The mining difficulty will hit ATH before halving , hopes for higher BITMEX:XBT prices here
- The TVC:USOIL has seen the biggest drop in history ever recorder, this spells danger all over the markets , even bitcoin
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BTCUSD Bitcoin Chart Analysis April 21.
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for April 21th .
www.tradingview.com
This is a 30 minute chart created yesterday.
On the red path,
Finger section movement came out.
Because it was a vertical drop,
There was a stronger Downtrend than expected.
www.tradingview.com
This is a Daily chart.
With yesterday's move,
The exact support line is $ 6582.
At the bottom, MACD dead cross ,It is on the verge of coming out.
Today will focus on this part,
And I brought a trading strategy.
www.tradingview.com
30 minutes chart / Neutral strategy.
Please checked the entry point, entry timing price.
Trade long and short freely.
Also, check the major expressions at the top and bottom.
When the blue path deviates,
From the red finger at the bottom,
Long position switching.
Thank you.
XBT trying to crack that resistance level agian????a few minor changes from yesterdays chart,
today we broke out of the consolidation zone in a bearish move but the bulls came back and stopped the price getting through the demand zone. also lines up with the 61.8 on fibs
I am thinking we are going back up to try and break that resistance level once more.
XBTUSD 4hr
ETHUSD Short MBA TA FridayLooking for shorts from FIBS
First run pulled back to the 236
and then pusshed to the over extension of 618.
Second run has had a pull back that pierced the 618, unliely to continure to push high,
Entry on the 236 for a swing back down to 618.
If trade drops before my entry then I will remove the order
Daily analysis XBT/USD 008Hello everyone.
We are still trending in an ascending cchannel on the hourly chart, the week-end was calm and things will propably start to make more sense over the course of this day.
For now we have our daily low at $7088 and it might get lower, maybe down to the lower part of the ascending channel.
We still have high selling pressure and it seems that the ''Stimulus'' injection didn't help this much .
Possible outcomes for the day
Pesimistic outcome of the day:
Small drop to the $6900 and rebound to either the gravity line or the mean value of the channel. Don't expect huge pumps these days except if we have major news coming.
Optimistic outcome of the day:
We are trading above the descending trendline that was created over the last weeks, this is a positive sign , the fact that it wasn't just a peek above and that it holds indicates that the market is positive and that we will go on to the next levels of resistance at at least $7329. The EMA's are looking good for now, the volume is low, this might mean that we're preparing for a step up (or down) from current levels.
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Indicision and more Indicision!! XBT looking very indecisive as we move slowly through this current consolidation zone. I am waiting for a retest at resistance to see if we can create new market structure.
XBT 4HR
EOSM20 has a good potential to grow upAfter nice DB and nice shadow to its supports it can has good potential to grow and breakout resistances
