Bitcoin, I'm back with 1/3 bullWith the closing of today's daily candle above the level of 38,300 I decided to buy 1/3 of the capital available for trading.
I am now 33% bought in bitcoin.
The price of this purchase was in region 39,100
The purchase orders mentioned above have been cancelled.
Note in the orange markings that in the medium and long term bitcoin has not closed candlesticks below the level of 30k dollars, which is a good sign for the bullrun to continue.
Bitmex
BTCUSD Bybit Chart Analysis June 14
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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 June 14th .
This is the movement after writing the analysis article on the 11th.
Main section with black fingers,
I have indicated.
Breaking out of the green support line -> Touch the bottom section -> Reach the Target2 section.
Weekend Gap Difference return complete.
There was a lot of fluctuation, but I don't know if everyone managed it safely.
4 hour chart.
Approximate top price and bottom price are displayed,
Red upward and light blue downward movement paths are indicated.
Based on the red resistance line,
A strong rise in a green parallel line.
Orange parallel line, sideway move.
I made today's trading strategy.
This is a 30 minute chart long position strategy.
It's a one-way strategy.
* When the red arrow moves,
Long position strategy.
I think it would be better to focus on the long position rather than the short.
Stop loss when the green support line is broken.
Target 1 and Target 2.
1) $38459.5 long position entry section
2) 40338 This is an additional long position entry section.
from the current position,
If adjustments continue
Pay attention to the blue finger section.
Principle trading, stop loss required
Please trade safely.
Thank you for reading today.
Bitcoin, mapping support and resistance zonesIn this chart I mapped support and resistance zones, as bottom in support buy zones are good purchases with a target for a next pullback in the daily.
The buying power of bitcoin is very low, considering that there has been a 50% drop from this historic top, so the chances of bitcoin continuing to fall into the next support zones are relevant.
I continue to buy with only 10% of the capital available for trade, my purchase as previously mentioned was in the region of 35k. I have open orders in the region of 30k and 27k, each with 10% too.
BTCUSD Bybit Chart Analysis May 31
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“Make it simple, make profit”
It’s BitcoinGuide.
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“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 May 31th .
This is last week's travel route analysis article.
Red arrow selection path.
It decline earlier than expected.
And It ended sideways within the green support line.
4 hour chart.
Today, I have displayed the approximate Top/Bottom price.
Small, orange resistance line / purple support line convergence section
Largely,
Within the red resistance/green support level.
Today's direction seems to be decide.
Focusing on this part, I made today's trading strategy.
This is a 30-minute chart short position strategy.
This is a very dangerous section right now.
Breaking the green support line
It's not always good, so keep that in mind.
* When the red arrow moves
Short -> long switching strategy.
Don't break the purple support line
The rebound should come out to the right without any correction.
Red Resistance Stop Loss / Short in the Top section
Green Support Stop Loss / Long Position Switching.
*At the time of the sky blue finger movement path
Long -> short -> long switching strategy.
When the green support line is reached,
If it crosses the orange resistance line, it will move sideways.
If the rebound is weak,
Orange resistance line stop loss / sky blue finger
Or when it falls vertically, it is short in the purple finger section.
Long position switching in the final bottom section.
I hope that you operate safely by observing the principle of trading and stop-loss.
See you in the afternoon FX margin trading and overseas futures analysis.
Thank you.
BTCUSD Bybit Chart Analysis May 28
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 May 28th .
For personal reasons, it is difficult to write an analysis .
I will proceed with the approximate content.
im so Sorry.
This is the analysis on the 27th.
It was not a whip saw, but a strong adjustment occurred.
It looks like there will be a match near the green support line,
Check out today's analysis for more details.
4 hours chart.
Please pay attention to the orange parallel line today.
Centering on the green support line,
Up and down movement path and,
We have displayed the top/bottom prices.
Focusing on this part, I created today's trading strategy.
I haven't had time to look at the charts in detail lately.
This week is a sideways market.
Focusing on this part, I created today's trading strategy.
* Red arrow on the path of movement,
Long->short switching strategy.
Best if a rebound occurs within the maximum purple support line.
Stop loss is the green support line.
Orange Resistance Line Stop Loss / Short
*On the path of the sky blue finger movement,
Short -> Long -> Short -> Long switching strategy.
Yellow Parallel Line Resistance Line Stop Loss / Short
In the case of long switching, depending on the situation, it may be the final rebound.
Extra Short -> Long Switching of Orange Support Line (Bottom Section)
The main point of the day is
Support for the 4-hour chart MACD dead cross and the Bollinger band 1-hour chart.
We hope that you operate safely as principle trading / stop loss is essential.
Thank you.
$BUY Token Announcements Today AKA PUMP DAYHigh risk. Explaining announcements below _
The next announcement will be on 11 UTC
2 Announcements done so far... Every 3 hours.
I'm expecting a big and final announcement on 17 UTC Time
It could be a big listing announcement on maybe like #Huobi or #Binance
Declared about "You can buy crypto through #MoonPay on Burency Exchange."
Trades for $BUY opened on #SushiSwap
Resistance levels -
- 0.1700
- $0.2000
- $0.2700
- $0.3157
- $0.4000
"Exchange Tokens have great history of being the most valuable tokens in future"
EOS- Alt season contender Time to Long for 50%+ gains EOS has been trading inside a well respected channel
and has respected the top bottom and the mid line very well.
I anticipate that we will be moving down into the zone marked on the
chart where I would expect support to hold .
30EMA and 50EMA sit inside the box along with the point of control at the bottom of the channel .
A great opportunity to Buy EOS if you haven t already targeting the 1-1 Extension and the 1.618 as
can be seen in the chart .
I have written the 30 and 50 EMA inside of the box just to keep it more tidy and just to illustrate
where they are in this moment .
I like to keep the chart as clean and clear as possible .
Like share Follow and comment if you have something to say or ask ..
Appreciated now lets make so money , remember to use a SL and know your invalidation
BTC can also invalidate ALT setups unexpectedly so be aware of how BTC is Trading
Please take a look at the analysis for the linked charts below also .
BTCUSD Bybit Chart Analysis April 22
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 April 22th .
After the final closing of the analysis on the 21st, it is a movement.
After entering the purple short position,
Profit segment up to $1417.
The final long position, did not enter.
Yesterday was within the Bollinger Band 1 hour chart
Support / Resistance The sideway move ended.
4 hours chart.
At first glance, the situation does not look good, right?
In simple terms
*Rising red arrow / falling blue arrow
*Highest point / Sideways / Lowest point price display
*Purple parallel line
Rising example
*Green parallel line
Sideway move example
*Sky blue parallel line
Down trend example
Based on the above, we made today's trading strategy.
This is a 30-minute chart long position strategy.
It is likely to decline,
For those who are waiting for the ascent,
I bet on a small possibility.
*Red arrow on the path of movement
Long position strategy.
Orange support break, stop loss
When the red resistance line / green resistance line is broken
You need to be careful with the adjustment.
Maximum safety interval / green support line.
*When the blue arrow moves,
Short -> Long switching strategy.
As the red finger section rebounds,
It is distinguished by a purple finger or a blue finger.
Check the entry price / entry timing for each.
Stop loss when breaking the red resistance line.
If , Supported by the green support line Sideway move.
Today, depending on the situation,
It is better not to operate a spot exchange.
Thank you.
Pay attention to the Bitcoin Futures premium! What is this?
This chart is offering a look at the behavior of the Bitcoin Futures premium and how it tends to behave. The chart in the top position is a symbol I use to track the premium of the front month futures contract over the Perpetual futures (as a proxy for spot). In this case, the front month contract are the June futures, so the symbol is: FTX:BTC0625-FTX:BTCPERP ...
I'm using the FTX futures, but you can substitute your exchange of choice - just make sure you're comparing two series from the same exchange. The important thing to understand is that the symbol is calculating the difference between the two prices.
Why should I care?
For the uninitiated, futures contracts exist as a tool to hedge risk in any given market. Therefore, by paying attention to futures spreads, you can get a more incisive feel for how the market is acting. You can learn if people are willing to pay more (or less) for a product at a future date, and by how much; the utility of this information comes more into focus by comparing it to previous cycles.
During the previous two cycles, the spreads were much tighter. In the March cycle, the spread was testing a maximum of +5% over spot buy for most of it's life was averaging closer to 2-3%. In December it was even smaller, living mostly around +1%. As you can see, the current cycle has oscillated between +5% and +10%, as evidenced by the regression channel. For an even more in-depth comparison, the spread during the 2017 bull market peaked out at about +10% as well, so we're in a similar environment now. What I'm finding interesting today is that the spread is threatening to close the session outside of the channel and even went negative over night!
That's nice, but what can I do about it?
Trade it! I've had a fair amount of success trading the spread outright over the past year by going buying one contract and selling the other in accordance with the price action. This can be a bit ungainly though because the spreads tend to move fast and you have to leg out of the trades because the order execution on most of the platforms isn't up to par. There are pro's and con's to consider... trading the spread is a great way to put on high probability trades with minimal margin risk, but expect to experience frustrating amounts of slippage.
The other thing you can do is use it as a directional indicator. The chart at the bottom shows how the futures premium leads price spot price time and again. I haven't found a way to reliably forecast the magnitude of what the corresponding move in spot will be, but the spread tends to oscillate around the price. When it gets too high, the spread contracts. Selling in the futures then leads to selling in spot, and vice-versa. Just be advised that we're in an extremely extended market environment. Spreads can and will go negative, so needless to say, there's a lot more risk to the downside.
Rising Wedge in BitcoinBitcoin (BTCUSD) is exhibiting characteristics of a rising wedge pattern. This chart is designed to illustrate the key features of the rising wedge, as well as discuss potential trading plans around the pattern.
1. The Eye Test: First and foremost, we can clearly observe a narrowing channel moving in an ascending direction which would ultimately form an acute triangle. The wedge formation is a secular movement, meaning that the price trend prior to it's formation is irrelevant.
2. Finding a Trend: The upper and lower boundaries are defined by two rising trend lines displaying a minimum of 5 total touches between the two.
3. It's About Time: The duration is another key characteristic; a rising wedge should take a minimum of 3 weeks to form, which Bitcoin has fulfilled with 70+ days in the current pattern...
I know what you're saying: "but, but, can't rising wedges occur on hourly, or minute long charts?" Of course, but for this idea, I'm relying on the statistical research of Thomas Bulkowski's "ThePatternSite.com" - his work on the Rising Wedge analyzed over 1,400 occurrences.
4. Speaking Volumes: In 79% of occurrences, volume trends downward until the time of breakout.
As demonstrated by the chart, we can see that Bitcoin fits the bill - so what now? The probabilities associated with the pattern dictate a 60% chance of a bearish move vs. 40% of a bullish one. For my trading style, these aren't great odds, but it could certainly be worse. If I were going to place a trade based off of this idea, I would normally look to do so with a defined risk options position such as a vertical spread or even just a long put. Unfortunately, Bitcoin doesn't have yet an options market with adequate volume to employ such a strategy - but all is not lost...
If I were going to trade this idea, I would use FTX's 1x Bitcoin Hedge (HEDGE) . I have found these to be pretty cool instruments to trade. It's almost like buying a Put option in the sense that it offers a purely directional trade with defined risk, but since they are ERC20 tokens, you don't have to worry about decay or volatility. Anyway, since the odds aren't demonstrably strong in either direction, this isn't an idea that I'd be particularly excited about trading but a relatively small, defined risk position could yield some nice results.
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