Daily analysis XBT/USD 004Good morning everyone, back with another analysis on the BITMEX:XBTUSD on the 4h Chart.
After a relatively uneventful weekend , except the fake pump / attempt at the downtrend resistance line powered by hope or maybe just boredom we find ourselves clearely in a downwards pointing pattern.
We are out of the WEDGE ! And on the lower side, slowly but surely pointing to disaster (or great profits).
So let's think of it like this : No insitutional investor would long at this price knowing that an event , let alone a "halving event" is coming, so the macro is telling us that we will have a big dump that will allow everyone to buy at the best discount prices possible for 2020.
So .....scenarios:
1. Hugging the descending downtrend line . Very possible and boring possibility
2. Continous small drops to key levels like $6400, $5800 and all the way down to the $4k area
3. Big dump all the way down
How to trade this pattern?
Risk averse, minimal and cautious: Wait for a "perfect" entry at around $4000 level , shown on the chart
Risk open and hungry: Shorting opportunities every day for scalpers with hedge/SL safezones identified almost every day, when key buy levels are met , go long and don't look back
Immediate possible action : Short the lower high(hourly chart)
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Bitmex
April 13th BTCUSD Bybit Chart Analysis.
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“Make it simple, make profit”
It’s BitcoinGuide.
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for April 13th .
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This is a 30 minute chart written last week.
Within the parallel line,
It was finished after sideways.
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This is a Days chart.
Due to the drop in the morning,
Marked, $ 6551
On the daily chart, weekly chart, maked a The bottom section.
At the bottom,
The MACD deadcross is waiting.
Today I make a Trading strategy to this part.
www.tradingview.com
Today's trading strategy.
30 minute chart, neutral strategy.
Please pay attention to the green parallel line.
Blue path, and Pay attention to the red path.
1. When Breakaway from the blue path, check the blue finger at the bottom. (Long position entry section)
2. If you leave the red route,
Purple finger check at the bottom
(Long position entry section)
Transactions that focus on short are advantageous.
Good luck.
BTC MeltdownBTCUSD is currently trading in a Bear Market overall . Not only that, it has broken the Trendline support, and is consolidating, forecasting a push to 5000 USD for stability. If we still have some bull power, anticipating a double top before melting. Also investors, are looking for safe haven markets, probably avoiding cryptos.
Easiest Bitcoin short you'll see today - Crazy fractal patternCrazy fractal spotted on the 1hr chart. Bitcoin was in a sideways continuation back on March 24, which looks exactly like the sideways pattern we just had. It then tanked by almost the same rate, formed a sharp trough and is now hugging the 21 EMA in almost the same exact manner. The death cross also occurred back in March and it looks scarily similar to what we're seeing form now. Even the RSI patterns are eerily similar.
What's crazier is that the original pattern was also spotted on a weekend. (Fri, Sat, Sun). I've already shown how the S&P and Bitcoin are currently correlated and when the stock market is closed, Bitcoin tends to see these downtrend patterns until the stock futures market opens back up.
I shorted Bitcoin at the 21 EMA, at $6900 with a first target of $6780 followed by $6670. My SL is at $7K.
XBTUSD Could see a big move over the next few weeks...Looking to catch the retest on the trend i think this push down has a bit more left in it.
i have set a few take profits and will be watching these areas very close if they hit.
EMA crossed the VWAP 2 days ago can only see this pushing down at the moment.
HUGE BREAKOUT ON WAY! IF NOT I WILL CLOSE MY ACCOUNT FOREVER!i am still at same update as yesterday, expecting today a huge breakout at btc.
the small recovery will not make me think that this not more will happend. ---> 7800 still a target for btc.
The whale effect are still there, and expecting we can breakout any time.
I have years of experience with whale effect if I am wrong then I have to close my account, because I have not to do my job well
And i risk this not for noting. i have said this before, and all times was rhigt.
let see the breakout what i really expecting.!
the 2 big whales at inter 500 should enter the market, they cant wait to long.. they know also the halving coming.
today i have to prove my job if well then i stay, not well then i must to leave.
Have good day all.
ETHUSD all Short Target Achived Short and 60% profit booked#ethusd Update:
#ETH finally Achived our Both Target $162 and $155.
I closed regaling 20% position at $154
and yesterday also told about Long so opened Long at $153 and now Holding with good profit
Support: $155/$147
Resistance: $164/$177
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Thank you
BTCUSD Bybit Chart Analysis April 10th.
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 April 10th .
www.tradingview.com
This is a 30-minute chart created yesterday.
In real time, i Cheked the triangle convergence section.
And All of the movements we checked have occurred.
Congratulations to the profitable people.
www.tradingview.com
Daily salary chart.
In fact, while writing the analysis
A Downtrend has arisen.
Because , It doesn't mean much,
Instead of
if you checked the Yesterday daily chart movement,
Yesterday , couldn't touch the Bollinger Band resistance wire,
And It fell sharply today.
We focused on this part and make a trading strategy.
www.tradingview.com
30 minute chart.
This is a neutral strategy.
Within the green parallel line,
Check ,Red finger position.
Because the downward trend is strong,
It is recommended that the long position be done only at the last.
Then have a good weekend.
Thank you.
April 10th 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 April 10th .
www.tradingview.com
This is a 30-minute chart created yesterday.
In real time, i Cheked the triangle convergence section.
And All of the movements we checked have occurred.
Congratulations to the profitable people.
www.tradingview.com
Daily salary chart.
In fact, while writing the analysis
A Downtrend has arisen.
Because , It doesn't mean much,
Instead of
if you checked the Yesterday daily chart movement,
Yesterday , couldn't touch the Bollinger Band resistance wire,
And It fell sharply today.
We focused on this part and make a trading strategy.
www.tradingview.com
30 minute chart.
This is a neutral strategy.
Within the green parallel line,
Check ,Red finger position.
Because the downward trend is strong,
It is recommended that the long position be done only at the last.
Then have a good weekend.
Thank you.
Rising wedge and uncertainty
Uncertainty in BTC chart. Rising wedge, falling volume, doji candles with occasional stop hunting. Scuba diving Fear and Greed index. All that makes any kind of forecasting equal to fortune telling on coffee grounds now. What is clear, Monday should bring some big volatility, and we have a wide range from 5300 to 8550, both realistic to hit within couple of days. Also remember about CME futures gap at 8280-9060.
Stay healthy - stay at home
Resistance : 7170 - 7550 - 7800 - 8550
Support : 6420 - 6200 - 5870 - 5300
Some stats for the past days:
Fear & Greed index: 12 (<= 12 <= 14 <= 14 <= 12 <= 12)
BTC Dominance: 65.2% (<= 65.2 <= 65.5 <= 65.3 <= 64.8)
24h Volume: $109 billion (<= 120 <= 150 <= 130 <= 106 <= 116)
My previous BTC reviews (updated daily, so I don't publish many new ideas):
XRP weak and bearish
When I look at XRP/USD chart, I see nothing bullish here. This bear flag is much more bearish than any other big cap alts. In case BTC dump, XRP will follow. Therefore I recommend to short it from ~0.18 zone down to 0.1740 at least, while 0.1625 look like a nice support for a bounce.
Support: 0.1740 - 0.1625 - 0.1480
Resistance: 0.1875 - 0.1925 - 0.2040
ETH USD MBA Trading Academy TA Fridays 09/04/2020Pushing on the overall daily downtrend resistance line, if we break 4Hr resistance and daily downtrend see it going back to 190-200 supply zone .
If we fail to break this resistance area I'm thinking a pullback to the 150-140 zone.
Would be waiting for confirmation either way.
Thinking a move could take place tomorrow or the next and take a few days to play out.
BTCUSD Bybit Chart Analysis april 9th.
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 april 9th .
www.tradingview.com
It is a 30-minute chart created yesterday.
Unlike the trading strategy,
on the top blue finger After , Downtrend,
At the bottom of the final parallel support line ,
not a breakaway,
Sideways finish.
www.tradingview.com
4 hour chart.
"Like" at the top,
"No" at the bottom
In order of touch first,
Today's trading strategy is divided.
I focused on this part and made a strategy.
www.tradingview.com
Today's trading strategy.
Neutral, 30 minute chart.
Today is ,
Based on the green parallel line,
Blue movement path, long position entry timing, entry price confirmation
Red moving path, short position entry timing, entry price confirmation
Good luck.
Thank you.
april 9th 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 april 9th .
www.tradingview.com
It is a 30-minute chart created yesterday.
Unlike the trading strategy,
on the top blue finger After , Downtrend,
At the bottom of the final parallel support line ,
not a breakaway,
Sideways finish.
www.tradingview.com
4 hour chart.
"Like" at the top,
"No" at the bottom
In order of touch first,
Today's trading strategy is divided.
I focused on this part and made a strategy.
www.tradingview.com
Today's trading strategy.
Neutral, 30 minute chart.
Today is ,
Based on the green parallel line,
Blue movement path, long position entry timing, entry price confirmation
Red moving path, short position entry timing, entry price confirmation
Good luck.
Thank you.
XRPUSD going back to the MANIPULATION WICK!XRPUSD
Don’t really like picking tops but this looks text book.
It’s already taken a few stabs at the current supply block and rejected off. I’m hoping for one more attempt before a big sell off simply because we have moved up over 75% since the last low. We are also overbought on the RSI so everything is looking primed for a short soon.
If we reject off the supply block, it’s worth a small scalp to the 200EMA and resistance area for an 8.4% profit. At this area I will then be looking for a cross below the 200EMA as well as break in trend line to stay in my short with multiple take profit areas along the way.
It is unlikely I will take a long if we break above the supply zone simply due to the fact we’ve had a 75% run up.
#XBTUSD #Bitmex xbt Entered into rangingMarket entered into ranging which side likely to be dominated
Short Side evidence :
1.Should retest weekly support aroubd 6.8k before trending up.
2. Most Oscillators in overbought region .
3.Forming a possible double top on 4h(conformo aftr close blw its nekline)
4. Not much expected volume for a healthy up trend.
Long Side Evidence :
1. Gap on CME around 8.4k region and as history prevails gaps are liked to be filled
2. RSI and Stoch trending up from 50
3. Weekly resistance around 8.2k region
4. Might see end of up trend with a roll over zone arnd 8.4k with then followed by phase IV downtrend
XBTUSD Sorry traders, I'm calling the BULLS!XBTUSD
Ok I'm going against the grain here. I know everyone is waiting for a harsh sell off at the upcoming supply block at around 7800 but my gut tells me we're only going to get a healthy retracement before the next bull run.
The reason I think this is because we have been slowly creeping up since the recent drop to around 4k and the bears haven't really put up much of a defence. I realise we are in an ascending wedge pattern but that doesn't mean we're dropping back to 3k. We are close to the order block now and the RSI on the daily is not even close to overbought. On the daily if you look at any other harsh sell off, the RSI has always been overbought. It's been sitting above the 33 RSI since mid-March without ever being oversold so this tells me there's still bullish fighting power. There's also a CME gap between 8260-8800 that still needs to be filled so a bull run to the next supply block at around 9500 will fill that. This also lines up with the long term down trend since Dec 2017.
I see the short term top at the current supply zone around 7800 which lines up to 61.8, then only a healthy retracement to around 6200 before the next move up to close the gap and complete the down trend at around 9500.
From 9500, it's anyone guess but for me personally, I feel that this is where the bears are hanging out waiting. Only the cubs are at 7800.
We shall see!
URGENT UPDATE BTC DEPENS ON WHALE DATA BTC IN MAX 48H to 7800 USDepens on the new whale effect bitcoin will increase max in 48H to 7800 usd.
ALL my before updates was right about the increase trends.
---> as it looks not possible,depens on the new data it will.
some times btc will looks to go down but in end trend it will breakout with huge whale effect.
The MX trend are now on MX-710.
--> huge breakout can come any time at btc, by 2 big exchanges --> i will add later more info.