BTC BITMEX - Trading ChannelThese past few days the market has been very kind to us.Unfortunately it looks like our channel may be coming to an end.
There's a solid support/resistance line in the middle of our channel to keep an eye on
Now is the time to be dynamic, nimble and watch for the break out. Watch for break out reversal. Watch that BTC wallet keep growing!
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!
Bitmex
Bitcoin Update (April 03)According to the latest analysis, we have seen BTC pumped strongly to 7200$ (our plan is 7000$). And let's look back the pump process again
- We can see the last pump was more than 30%, that means the BEAR tokens have lost their value 👉 FTX has sold their BEAR token
- It is expected the next dump will drop sharply and very quickly to the 5000$ zone, which means a decrease of about 33%. The goal is to sell their BULL tokens
BUT ... That was our original plan
However, there are some changes in their plans that BTC has been delayed for a few day and now CZ is no longer in the game. So maybe the selling pressure may not reach 5000$ as planned. So I recommend that you should buy BTC at 5500-5700$
Specifically our plan :
- Sold half of BTC to USDT at 7000-7200$
- 50% at USDT waiting for 5500-5700$ and 50% at BTC to trade Altcoin
Litecoin (LTCM20) Remains Bullish With 7X Lev.We are looking at Litecoin (LTCM20) on BitMEX with leverage, we remain bullish on this chart.
Good volume showed up when prices needed to break above EMA10 and EMA50, which is a good sign.
Also, at this point in which I see the market, this altcoin pair can grow with Bitcoin going either way... Let's see how it goes.
Remember to hit LIKE if you want to see the full trade details (buy-in, targets, stop-loss, and additional information).
Thanks a lot for your continued support.
Namaste.
BTC super easy to trade on Fibonacci (again!!) 7.3k --> 5.4-5.5k
Like shown in my previous idea(s) (read updates on shared ideas), nearly every minor and every major move BTC has made over the last weeks was based on Fibonacci! Nobody can deny it, this is all black on white and most of them I have shared via updates on my idea before it happened... All others I have shared in the BitMEX trollbox before it happened.
I really like Tradingview, as you can show analysis black on white before it goes down, and nobody can argue with you afterwards. So once again, I am going to try to focus on using/updating this and future ideas a bit more than I previously did, instead of sharing all my knowledge via Crypto chats like I have been doing most of my life so far. Hope you appreciate me doing this!
Of course, I cannot share every minor move before it happens, I sometimes do not have the time or access to do so. On top of that, some of my self-made/customized TA techniques I prefer to hold to myself or small groups for various reasons. I hope everyone understands this means you still have to DYOR! And I highly encourage everyone to try out charting yourselves on whatever time frame you see fit. Please, share your own findings with us and let me know in the comments where you agree or don't agree! Your involvement is always appreciated.
Let's start with going through what went down previously before looking into the now and the future. As mentioned before, I was doubting between a double top 5 in the Elliott count for a medium term wave, or an unfinished 5 which still needed to break 7k. I was leaning towards that second call as you can see in my previous idea linked below. There I mentionted a potential TP of 7900 when BTC would run into the golden pocket probably ending at 8100 resistance. I was well aware of the 0.5 FIB at 7200 and had profit taking orders lying at that price. After the first drop which was very much expected, I entered a long at 6700 which was the 0.5 FIB of the last short term parabolic move upwards to that 7200, and I was very curious whether that "7060" level would break, I already put a profit taking order at 7049.5 yesterday after going long as I noticed it was the only FIB level (golden pocket) with decent market acceptance. I was a bit lucky with my entry as 7049.5 was the highest we went, and my order was filled. I put the update on Tradingview later today, but still well in advance of BTC reaching that target. On the 5min time frame below that 7049.5 top (BitMEX),I switched the rest of the long into a short, which was also part of my game plan mentioned previously in the update.
From there on I was fixated on the newly created support level (0.5 FIB intraday TF) at 6780, which broke later on and confirmed my short position was a good call for the mid term. This means, as previously mentioned, that I believe we will go down to the 5.4-5.5k area where we find a whole bunch of support levels which I trust will not break, but never trust anything blindly!
Where are we at now, what's my game plan on the way down?
We have bounced on various short term FIB support levels along the way, but lucky for us fresh bears, all of those broke without too much effort. I am now convinced that on the short term there is nothing to support a significant bounce from here. However, at 6480 we now find the 0.236 of the bigger mid term Fibonacci from the low, this one might cause a significant increase in price as it is a price level of interest based on past price actoin, and it might be worth to take partial profit before it hits and add more to the position when the bounce comes to an end (expecting high 6.7k area for that). You will see on the char that there is another Fibonacci level with decent importance based on past behavior, this would be the 0.382 which would be a perfect contender for the A wave to end in an ABC correctin that's supposed to end at 5.4-5.5k. You get the picutre, trade this downwards market however you prefer, but please stay safe, don't use too much leverage, always use a stop loss and move it around if you want.
What does this mean long term?
A drop to 5.4k may seem like outrageous to some of us, while other truly believe the low is yet to follow. I think it is a beautiful middle ground as it fills the volume gap above it and plus or minus corresponds with the most important FIB level on BTC the 0.5. The next interesting Fibonacci level to look out for would still be that same golden pocket at 8100 it is not going away (unless of course we get a lower low in the end). If you believe in Fibonacci extensions, which I do a little bit, but not as much, the future for Bitcoin is very bright, and I will definitely share my long term view based on that later on, but I am less experienced with the indicator.
Note to honor our dear friend Don Don Fibonaccio (creds to Kirbs)
I am very convinced that in a healthy market with enough open interest and a minimal of exterior factors (like Corona) Fibonacci will guide 99% of all major moves. Unless another indicator can convince over time that it has complete control of the market, (like we saw during the whole 13.9k to 6.4k correction for almost an entire year with my previously shared Shiff Pitchfork) .
As always, stay safe!
BITCOIN, Analysis According to Wyckoff Method, Must Read!The purpose of technical analysis using the Wyckoff method is to improve the timing of market operations when a speculative position is formed in anticipation of an upcoming move, where there is a favorable profit/risk ratio to justify opening this position. Trading Ranges ( TRs ) are the points where previous movement will be stopped and there will be a balance between supply and demand .
Here , within the Trading Range , accumulation or distribution develops and prepares for the further movement. These accumulation/distribution forces "create a cause" that transforms into subsequent movement. Creating the necessary strength takes time and, since during this period price action is understandable, Trading Ranges represent really nice trading opportunities with potentially very favourable risk/reward ratio. However, to become a successful trader, you must be able to determine correctly the direction and size of the upcoming movement from the Trading Range. Fortunately, Wyckoff method offers us some useful guidelines and models which will help us to explore the Trading Range.
In our case we observe the Wyckoff ICE scheme - to fall under the ice.
The fall is a relatively wide-spread price movement, at quite high volume , which breaks through external resistance or support. The return is a test that immediately follows the jump, it is characterized by a relatively narrow spread or rally on a lower volume , which checks and confirms the validity of the previous action of a jump.
The Wyckoff method tells us to buy on a return after an upward jump ( sign of strength ), or to open shorts on a downward jump ( sign of weakness ). Also according to the Wyckoff method, you shouldn't buy exactly during the breakout, because that can put you in an vulnerable position for quick movements in the opposite direction if the breakout is false one.
Thus, the Wyckoff method offers us to buy on the correction of the downward movement and sell on the correction of upward.
XBT Looking for a long term short As per my charting, I'm still bearish. Until we break that 9k region I will remain bearish and let the market tell me when to switch to bullish. For me, I'm mainly looking at that supply zone. We near this zone ill be looking at price action to confirm this. I wanna see good momentum to this region than once we hit I want to see this momentum drop off (volume, lover candle bodies, and divergence)
If we manage to break through this region ill be looking at that daily support around the 8.5k region.
Maybe I'm wrong and we go straight to 80k from here................ haha
Let's see how this plays out
BTCUSD Bybit Chart Analysis april 3th
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 3th .
This is a 30-minute chart created yesterday.
Based on the orange trend line,
In the pink finger section,
There was a strong rise.
Congratulations to the profitable people.
This is a daily chart.
In an advantageous position,
Additional day candle have been created.
Showed good moves yesterday,
But, It's still dangerous,
Focusing on this part,
I brought a trading strategy.
It is a 30 minute chart.
It's a long position strategy.
The movement path of the blue section and the red section,
and the timing of entering the long position Please check.
If the red parallel line is breakaway of support
Strategy is invalidat.
Have a good weekend.
Thank you.
april 3th 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 3th .
This is a 30-minute chart created yesterday.
Based on the orange trend line,
In the pink finger section,
There was a strong rise.
Congratulations to the profitable people.
This is a daily chart.
In an advantageous position,
Additional day candle have been created.
Showed good moves yesterday,
But, It's still dangerous,
Focusing on this part,
I brought a trading strategy.
It is a 30 minute chart.
It's a long position strategy.
The movement path of the blue section and the red section,
and the timing of entering the long position Please check.
If the red parallel line is breakaway of support
Strategy is invalidat.
Have a good weekend.
Thank you.
Paxos Standard Looking BearishYesterday I looked at the Paxos Standard (PAXBTC) chart and saw some bearish signals, this told me that Bitcoin (XBTUSD) was about to move up... And so it happened.
Right now I am seeing some bearishness on this chart, seeing PAXBTC go down is another signal that Bitcoin can easily go up.
Conditions for change
If prices move and close above EMA10 (0.00015371), the above signals become invalid and prices can continue higher.
Thanks a lot for reading.
It's been a wonderful day.
Thanks a lot for your continued support.
Namaste.
XBT Really Struggling to break Resistance Back to 5800???XBT has tried to break that key level of resistance multiple times now, the more times it is rejected the weaker it gets.
after a quick spike up to 7300 last night we still closed below that resistance level.
yesterday we broke the supply zone so you will see I have made the new supply zone which is at high 7's
at this stage in my opinion if we close above res we will be heading up to the 7800 mark
however over the next few days I will be keeping a close eye on this trendline. (the trend is your friend)
if it doesn't respect the trend then down we go to 5800.
Trend bias still bullish
over the weekend I will post some other bitmex pairs for you guys
4hr XBT
Bitcoin Bulls Gain Momentum, Where Is The Next Target?Bitcoin (XBTUSD) continues with a slow but consistent recovery from the strong mid-March drop, prices hit EMA50 ($7302) today.
EMA50 is an important level in the daily timeframe, breaking above it can send Bitcoin higher up.
Right now prices continue to increase but the trading volume is still low, so we need to be cautious as things can turn fast here with Bitcoin.
CHART SIGNALS
The RSI is looking strong above 50.
The MACD is still below zero but going higher.
We remain bullish as long as prices remain above EMA10 ($6518). If prices close below EMA10 daily, we start to look at the bearish scenario. Right now we remain bullish and expect Bitcoin to move higher.
NEXT TARGET
If EMA50 is conquered the next target will be around $7800 to continue quickly to $8500+.
SUPPORT
On a retrace, the blue dashed lines on the chart is where we find our first support.
Bitcoin can easily continue higher here but be cautious until more volume shows up.
The weekly chart is also starting to look pretty interesting, the weekly close Sunday will be really important as a strong close can give us a very strong signal as to where Bitcoin is headed next.
Do you agree with this analysis?
Share with us in the comments below!
Namaste.
Bitcoin Long-term View (Mar 29)The range of 5000-6000$ is the area where BTC was accumulated a lot. And you also should buy in BTC for mid and long term targets from 8000-11000$.
On March 31, Binance will delist all BULL and BEAR pairs because they have achieved the goal of making large amounts of money by fooling us. However, when trying to push up the market, BULL & BEAR pairs become big obstacles that could not increase prices sharply. So what we have predicted is now a reality.
In the previous analysis, we have accumulated BTC around 6500-6600$ and BTC pumped several times to the 7000$ before falling back to the current price range.
I think most of you haven't sold BTC yet. However, I think a pump will happen to about 7000$ because CZ and FTX want to sell out the remaining BULL & BEAR. Here, I recommend selling half of your BTC and wait to buy back at the range of 5000-6000$
XBTUSD NEEDS SOME REST AND CORRECTION BITMEX ABTIN00Hello guys
After some jump and did some unpredictable price move
We have an important area in here from last drop price
I think for this time its really very soon to break it we need some correction than next attack to this area it can be break
But dont forget stop loss
april 2th 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 2th .
This is a Private 30-minute chart created yesterday.
It was a long position strategy,
Sideways,
After Without leaving the parallel line support
In the blue finger section,
There was a strong rise.
Congratulations to the profitable people.
This is a Daily chart.
In an advantageous position, additional day candles were created.
Please pay attention to the blue and parallel lines.
Today, I focused on this part and brought a trading strategy.
30-minute chart.
Long position strategy.
One-way strategy.
Please pay attention to the blue route,
long position entry timing, and entry price.
When breackaway , check the red finger.
Green parallel line support line,
if ,add 30minute candle breakaway , the strategy will be void.
Thank you.