Bitcoin the rebirth - Road to 20,000 USD by 2021We entered the third era of Bitcoin, the rebirth with an increasing weekly traded volume at 75,000 coins and a succession of RSI overbought levels marking an uprising bullish strength. After settling at the lowest level of the era 3500.0 USD per coin, the crypto is aiming for 20000.0 and upper levels with its third euphoria.
Bitmex
Bitcoin / crypto in trouble Bitcoin so that means all crypto is in trouble
Macd weekly rejected
Bitcoin was held up by China ( now banned)
Tether ( they printed and printed to certain leverage exchanges) that’s stoped due to sec investigations
Don’t believe the “ covid , and war” comments from idiot YouTubers, yes it does not help but allot of the upswing was down to China and tether manipulated exchanges
Can’t see a way back here for a while
Upcoming Moves of Bitcoin regarding Daily Time FrameAgain bearish sentiments can get in market, if market go for E wave which will be bigger in price than previous waves. people will think it will go 20k, but its just a corrective pattern of major 4th wave. which can be end up at 48k level. its 4th wave's B wave correction.
BTC: The Not-Peter-Schiff-PitchforkIts a good video to skim through and see if you like this Schiff Pitchfork's placement and values and take the values and use it for yourself. That is what would make me the happiest.
I think on the 4hr and 1hr BTC looks ok-good, but on the other timelines it looks horrible. We are near the main trend line. It historically has come back to this line to touch when it comes down.
I would think it normal to see the neckline of the head to form its base around a dip between 34-37k and forming a new base for upwards movement there.
Moving up from here whiteout a dip only worries me at the green line (around 47k-47.5k at the moment).
It has upwards movement as I post this, but I remain skeptical on its strength.
27 Jan 20 - Chart analysis (8646)Here is an updated chart analysis for you to read.
Monthly - Green candle ascending, increasing volume. Stoch RSI descending at 44.78/52.18. Bullish.
2wkly - Green candles ascending, volume may be increasing (too early to tell). Stoch ascending at
18.62/9.38. Bullish.
Weekly - Green candles, volume seems to be increasing. Stoch ascending at 88.74/70.79. Bullish.
3day - Red candles, although they are hanging men. Decreasing volume. Stoch descending at
86.79/93.39. Bearish.
Daily - Green candle. Former one was a doji. Volume may be increasing. Stoch ascending from
bottom, at 15.1/6.39. Bullish.
18hr - Green candles. Volume low. Stoch ascending at 56.55/32.58. Bullish
12hr - Green candles. Volume slowly descending. Stoch ascending at 50.1/27.05. Still bullish.
8hr - Green candles. Volume seems steady. Stoch ascending at 76.11/48.55. Bullish.
6hr - Green candles. Volume is low. Stoch is hitting the top at 100.0/92.04. Bearish.
4hr - Green candles. Volume appears to be increasing. Stoch at the top at 100/100. I think bearish.
3hr - Green candle. Volume is strong. Stoch at 100/100, and has been for 3 candles. Bearish.
2hr - Green candle. Lower than the last one. Volume is lower at this stage. Stoch is at the top,
and has been for about 10 candles. Bearish.
1hr - Green candles, but descending since three candles ago in height. Volume dropping. Stoch
slightly dipping at 90.29/91.94. Bearish.
45min - First red candle, although it may be in series of rises. Volume slightly increasing, although
still showing bullish signals. Stoch is descending sharply now at 68.78/84.39. Bearish.
30min - Red candle. Volume bearish and equal to the last two volume candles. Stoch is dipping
sharply at 54.46/75.45. Bearish.
Smaller timeframes appear bearish, but bigger ones are bullish. I think overall it is still bullish, although I'm up for a short.
26 Jan 2020 - Chart analysis (8317.5)Today's Analysis:
Monthly - Red candle forming, following a decending pattern. Volume has increased with the descent too, and the Stoch RSI is still descending at 44.91/52.06. Bearish.
2wkly - Green candle, and plenty of room to move up, with the volume starting off with bullish momentum. Stoch RSI is ascending at 18.02/9.17. Bullish.
Weekly - Green candle, with volume up too. Stoch RSI ascending at 73.11/49.85. Bullish.
3day - Red candles, with volume going red. Stoch is descending at 83.93/92.43. Bearish candles, but I'm expecting it to go long. Still, appears bearish.
Daily - Red candles, and decreasing volume. Stoch has hit the bottom at 0.00/3.51, and should turn here. Bullish.
18hr - Red candles, but volume is tiny. Stoch has been on the bottom for a while, so should go up soon (0.69/4.90). It appears to have been here for almost ten candles. Bullish.
12hr - Red candles, tiny volume. Stoch has been on the bottom for about 12 candles, and is at 0.4/3.05. Bullish.
8hr - Red candles, but again, little volume. Stoch is at 7.8/11.47, and floating on the bottom. Due to the time on this, I'm ignoring bearish signals and saying bullish.
6hr - Red candle (hanging man) on the bottom. Very low volume. Stoch is 25.97/22.17 and just poking up. Bullish.
4hr - On the bottom. Red candle at present, but a hanging man. Volume low, although slightly more than previously. Stoch is at 59.88/56.35, but the angle is turning from ascending to descending currently. Bearish.
3hr - It's showing a red doji, although it's been on the bottom for a little while. Tiny volume. Stoch is dipping at 52.04/58.56. I'm saying bullish.
2hr - Red doji. Lowish volume. Stoch is looking to dip down a fraction, at 55.25/54.85. Bearish.
1hr - Green doji. Low volume, but looking more up than down. Stoch is resting on 24.55/29.1, so I think it may go up here for
a small amount. Bullish.
45min - Green candle, long wick up. Looks like it might be rising. Volume increasing. Stoch is just pointing up at 14.31/8.35. I judge it as bearish.
30min - Green candle. Increasing volume. Stoch at 23.85/14.13. Bullish.
Summary:
Long term I'm bullish on this, although I do expect it to potentially reverse to the 80xx mark at some stage. Also, seeing the monthly as bearish, it may retouch 7xxx again.
A new feature for you.INTRO
G'day.
I decided that I'd add a feature for you to look at (no, not the chart, but the information), and hopefully it will help you make a decision one way or the other which way to trade on the bitcoin chart.
What I'm doing is providing a snapshot at a said instant of time. Due to time differences, I won't be posting a time, even though I'm aware that this price may be hit often in a day.
I am using the BitMEX USD Perpetual Inverse Swap Contract as the basis for my chart. This is one of the methods I use to decide which way I will trade. I hope you find it useful, and I will post one hopefully at least once per week unless travelling and so forth. I am only providing the information up to the half hour mark, from the monthly down.
If you like it, please do subscribe, and comment below if you like too.
25 January 2020 Chart Analysis (8317.5)
Monthly - Candle is making a doji, so I'm expecting a rise soon. But that said, volume is increasing bearishly. Stoch is descending at 44.41/52.06. Looks bearish, but the doji is signalling a turnaround soon.
2wkly - Green candles indicate a rise. Volume candles are also starting off on a long foot. Stoch is ascending at 18.01/9.17, so it is in an upwards momentum overall. Bullish.
1wkly - Green candles still, with volume possibly increasing. Stoch is ascending, at 73.07/49.33. Bullish.
3day - Red candles descending, and volume candles are red. Stoch has hit the top and is turned down, at 83.91/92.42. Bearish.
1day - Red candles, also descending. Volume is decreasing, but still going down. Stoch is descending, and at 0.00/9.92. Bearish, but not for long.
18hr - Red candles, although it has been a bit flippant. The volume candle is also red, but the Stoch is increasing, at 8.03/6.02. Bullish.
12hr - Red candle, although it has hit a green doji in the last period, so I don't believe it will keep on descending here, but I could be wrong. The volume candle is quite small though too, so it may indeed be a turnaround coming. The Stoch is on the bottom, at 4.41/2.8, and is ascending ever so difficultly. Bullish I believe.
8hr - Candles are red, and we've had two since a green one. Volume is red, and looks like it won't be as high as the last one. Still, too early to tell, but the Stoch is turning around to a drop, at 16.86/17.77, where it was rising formerly. Bearish.
6hr - Red candles, although volume candles are reducing. This may be the last red candle, but not sure. Stoch is descending at 28.77/31.92, but it turned around about 5 candles ago. So I think it will go up. Bullish.
4hr - Red candle, although it has a shadow both sides of it. Volume candles are very low in volume, and red still. Stoch is descending, at 44.25/58.35. It may dip a fraction, but I'm thinking bullish.
3hr - Red candles, although it is a hanging man. Volume is extremely low, with the Stoch at 56.01/59.79, and just turning around to ascend again by the look of it. Bullish.
2hr - Green doji. Volume candles show an upward momentum, but are very low in volume and descending, and the Stoch is at 45.66/41, and has just started an ascension. Bearish to me.
1hr - Red candles. Very low volume though. Stoch is ascending at 32.67/31.35 and about to change directions by the look of it. I'd go long if I only looked at this chart.
45min - Red candles. Low volume still, and Stoch has turned around, where it is descending now and at 67.91/74.22. Still bearish here, but I don't think there's much in it.
30min - Red candles, with low volume. Stoch is descending and at 50.96/61.42. Looks still bearish, but there doesn't appear to be much movement with the price.
November 18 BTCUSD Bybit Chart Analysis
Hello ,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for November 18.
This is a move after the private on November 17th.
Yesterday, the green support line and previous low did not break away.
It was finished to the upward along the purple parallel line.
After entering the $ 59191.5 long position -> the maximum profit is $ 1686.5.
If you click the replay button,
It succeeded in rebounding without much difference from the basic strategy.
Congratulations to all who Profit.
Currently, the 15-minute support VS the 30-minute resistance is touching.
It has been changed to ascending dominance, and the 4-hour chart Golden Cross is on standby.
More details will be discussed in the analysis section.
4 hour chart
For me, sometimes the top price and the bottom price
There are people who are wondering if it fits well.
Depending on the movements you can make in a day
You can find out by calculating the highest and lowest points
At least my analysis
There is a high chance of failure as it is a one-way
Because it accurately calculates the chart flow and pattern by time period,
I mean, it's not a ignorant long, not an ignorant short.
Still on condition
If the purple parallel line is maintained, you can go to Top
strong rise
The green support line is today's life line.
If you leave, it becomes the Bottom section
Isn't it difficult to see this?
Red up / light blue down movement path check
As I explained yesterday, because the phoneme is thick
Today, I will try to focus on the sideways rather than the trend.
I made today's trading strategy based on this content.
Everyone who is studying charts, didn't you feel a little strange?
Bottom section is gradually coming up at the bottom
Short chung, unconditionally falling, ignorant shot
For example, we are only talking about sections that are set in this way: 51K 54K.
When operating in real time
If there is a rebound like yesterday, the support line at the bottom will also rise.
That's why it rises and falls in the future
Real-time selection is the most important
From experience, isn't it?
The entry point everyone is talking about is never reached.
I have a one-way neutral strategy
The short-term pattern and atmosphere look good.
The ichimoku blue cloude is too thick.
There are many resistance lines to cross.
Today's long position / spot exchange operators
The main life line is the green support line.
If it does not break the purple support line, it is likely to reach the top price.
If the green support line is broken, it will go down to the bottom.
Among them, I am the middle arrow movement path one-way strategy.
If the green support line breaks, the strategy will fail.
* When the red arrow moves
Short -> Long Switching Strategy
1) $61804 short position operating section / Stop loss when the green resistance line is broken
2) $59805.5 long position switching section / Stop loss when the green support line is broken
The final target is $62555.5.
As the latest trend dies at the end, it is a Stop Loss correction
It looks good to connect with a trend or to be ignorant, and to wait without a position.
The spot exchange looks the same as yesterday, as an minor alt market.
Those who are entering
Shortly monetized by breaking the purple support line
I'll end it here in the afternoon without any comments.
Principle trading / Stop loss required
Thanks for reading
[How to] easy position sizing on BitMEX ? (Very important)It’s an essential element of success for every trader. Because traders frequently take a random position size. This may look like them deciding to take a larger position if they feel really confident about a trade, or, alternatively, opting to take a smaller position if they feel a little less confident. However, this may not be the most informed or strategic methodology for determining the size.
tl;dr : start trading with proper position sizes on tradingdesk.cloud
Similarly, a trader should not just elect a pre-determined position size for all trades, regardless of how the trade sets up; this style of trading will likely lead to underperformance in the long run. So, if it's not in the best interest of an investor to select a random position size, and it's not a good idea to set a uniform size for all trades, what is the best way to evaluate the optimal position for a trade?
Understanding Position Sizing
Position sizing refers to the size of a position within a particular margin, or the amount that an trader is going to invest. You should use position sizing to help determine how many shares can purchase, which helps them to control risk and maximize returns.
While position sizing is an important concept in most investment type, the term is most closely associated with day trading
KEY TAKEAWAYS
Position sizing refers to the number of units a trader invests in a particular trade.
Determining appropriate position sizing requires a trader to consider the risk tolerance and the size of the account.
While position sizing is an important concept in most every investment type, the term is most closely associated with faster-moving investors like day traders and currency traders.
Even with correct position sizing, investors may lose more than their specified risk limits if order get executed below the stop-loss order.
BITCOIN Dropped! Now What?!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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Recently Bitcoin went upwards of around $53,000 and during that time we were overbought with divergences and we were warning as many members to be cautious and to DE Risk at that level. We dropped about 15-20%, in the very short term we expect a bounce to around 44-45K and another potential drop to 36-38K. This is not the time to panic or sell at a loss, be patient and look for buying opportunity! Safe Trading!
BTC continuation downWe lost the support at 44k last night and saw a pretty sharp breakdown and is now acting as resistance on the smaller time frames.
Expecting a continuation move down to the area of interest around 38-40k before seeing another attempt and trying to change market structure.
IMO the market is still bearish and any bullish rally we have is a short term recovery.... You know how everyone screams "BUY THE DIP" in a bull market?
Well in a bear market we "SELL THE RECOVERY"
If you have trouble looking at charts objectively because of a confirmation bias, try inverting the chart and having another look
September14 BTCUSD Bybit Chart Analysis
Hello ,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for September 14 th .
The final deadline is September 13th.
follow the arrow path
44564.5 Long ->
45778.4 Short ->
43324.5 long switching
It is a profit section of up to 7,200 dollars round trip.
All the movements that I had envisioned in my head for a long time came out.
After the touch at the high point, I expected a downward trend.
In a short time Connected to Whipsaw
The strategy was absolutely perfect.
Beginners, do not aim in both directions.
Only one direction, those who refer to the analysis
I think it might have been of some help to you.
Congratulations to all who made a profit.
4 hour chart
Today's approximate Top/Bottom price is displayed.
Within the convergence zone of the green support line and the light blue resistance line.
Red movement route up / Sky blue movement route down
The direction seems to be determined.
So far, the downward trend is strong.
If Breaking the red support line ,
The next support line will be around $38370 at the bottom.
Please note
I made today's trading strategy with the above conditions.
30 minute chart neutral strategy
Create additional purple parallel lines / pink overshooting sections
It seems that the direction will be determined around the breakout of the orange resistance line.
* When the red arrow moves
long position strategy
along the purple parallel line without adjustment
You can keep scrolling to the right.
However ,
The final target seems to be the top section of the Ilbong Jungang Line.
resistance is gathered
There may be a temporary strong rebound, but
Personally, I don't think it's going to go smoothly.
$45009.5 Long position entry section / Stop loss when breaking the green support line
Final target is $48002.5
Short stop loss is short when reaching, and short position operation seems okay.
* When the light blue finger moves
Short -> Long Switching Strategy
Because it can flow to the right without a rebound like yesterday.
Short -> long switching or long position wait seems advantageous.
Sky blue finger section at the bottom
If the rebound from $44,444 is not good, it is expected to move downwards to the right.
If there is one rebound
45387 Short position entry section / Stop loss when the pink resistance line is broken
(It is advantageous to keep the Stop Loss short because it can be connected with an uptrend)
Final $43236.5 long position switching / Stop loss when breaking the red support line
When the red support line is broken / In case of a vertical decline, the next support line is as shown.
It will be around $38370
It is a spot exchange
Check if the purple support line is broken
Check if the maximum green support line is broken.
It seems advantageous to watch the final at the top section target at the top.
Then today
Principle trading / Stop loss is essential, I hope that you operate safely.
thank you
BNB Binance coin being squeezedCould see a push on BNB today after this squeeze being forced over the last few weeks.
Got a good pick up around 460 on the EQ at the end of the month but looking to hold this through the decision here.
Break above could see a rally to high 500's
Break down or rejection at this level could see us range back to 460, but with Bitcoins latest push I dare say we will see some bullish momentum on some of the high cap alts this week.
Bitcoin reclaiming the rangeonly an hour to go on the daily close and we have crossed back above the current resistance and 618 retracement from ATH.
A solid close above here could confirm the bulls are back to keep us about the 50k level and find new support to now trade the 50-60k range over the next month or so.
Expecting Bitcoin dom to climb a little but only short term as the bullish sentiment will bring confidence back into the alts as people begin to reaccumulate there alts.
Bitcoin range getting tighterWas an interesting night with Bitcoin forming a Higher High in this tightening range but we where still met with resistance from the previous high of the trend over the last month.
The rejection or double top wasnt ideal to see this continue further as its not confirming a potential distribution through this tightening range.
How ever a tightening consolidation like this can also become an accumulation phase and break to the upside reclaiming that range between 50-60k which would be nice.
Not banking on it though and been sitting in a hedged short for a while expecting price to fall from here, weather its a drop back top 30k or maybe around 42k for a mid term market correction we will just have to wait and see.