Time to long bitcoin once again!Hello everyone, hopefully you listened to me in my previous analysis when I said to keep leverage low because the trade was risky and we could go down a bit more.
Well we have went down a bit to where I knew bitcoin was possible to fall to, so lets long again! This trade will be extremely profitable, similar to our Ethereum Short from $2000 or bitcoin short from $24k!
I knew bitcoin might fall down more which is why I said the trade was risky, but I also knew that we are definitely going up in this current area that we are in (19k-20k).
I am expecting a good Bull rally that will take us up thousands of dollars to $22k,$23k, $24k and beyond!
Lets enter this long ladies and gentlemen!
ENTRY: Enter right now a little bit and wait because it may go down $100-200 before going up more.
Stop Loss: $19,200
TARGETS:
TP1 $21,000
TP2 $22,100
TP3 $22,800
TP4 $24,200
Bitmexsignal
Expecting downtrend for Ethereum!Check my recent Ethereum/BTC chart as well guys, Ethereum is really not looking well at all!
I shorted Ethereum already but unfortunately it tumbled a bit too fast and I could not alert you guys about the shorting opportunity.
However, I did post the $ETHBTC bearish analysis before it fell this much!
Follow me for the highest quality signals for FREE! I shorted Ethereum at the top at $2020 too before this local top!
Feel free to ask me about anything you are curious about!
Daily Bitcoin Update [1]From now on I will be doing a daily Bitcoin Analysis update EVERYDAY for FREE.
Since this is the first official Daily Bitcoin Update, I have added the number 1 to the title.
In this update I am recommending stop loss moved from $20,717 to $21,412 in profit. (Entry price was $21,112)
The reason I am calling for this stop loss adjustment is because there is a higher chance of us going down now than before.
I still believe we have a decent chance of going up so lets keep the trade but move the stop loss in profit, this way this trade becomes risk free now! ;)
Follow me to never miss out on my high quality crypto market analysis and updates, for the price of 0$!
Long Tron!The reason I closed our long early for Tron is because I expected this fall in price and wanted to re-long lower, now is the perfect time to re-long!
In the chart I have shown, I have shown all the possibilities for Tron. Once we approach the top of the parallel channel I will make an update if things look bearish!
Keep stop loss at $0.06375
Risk: Medium
Targets:
TP1: $0.067
TP2: $0.068
TP3: $0.069
Update for BitcoinIn my previous analysis, we closed most of our shorts in enormous profit, and opened a long.
I now see some bearish signs, so I advise either closing the long in profit right now and shorting, or hedge a short and keep the long open as well.
This is a scalp trade, however if we continue the downtrend and break the local support at $20.8k - $20.9k then it can turn into a longer term swing trade!
RISK: Medium/High ( be careful!)
Risk to Reward: Excellent
Keep the short's Stop loss at $21,4k$, or slightly above!
Short term targets are the support at $20,8k - $20,9k, if we break these I will post an update with more Targets!
Remember to follow me for constant quality market updates, for the price of $0.00!
Expecting a decent dip for Bitcoin!I am pleased to show you guys another one of my fantastic trading predictions, in this prediction I am expecting a dump down to 22-21k$.
After there we may dump much more, or we may bounce up and start a rally upwards!
I will post an update once we approach 21-22k$ or if the charts show me that we will go up!
This is a swing trade, keep low leverage and put your SL at 24,7k$ or preferably, a tiny bit over 25k$!
BTC $70,000 In SightBTC making its way up the ascending channel with a nice break out today after ranging since 8 FEB .
Now we have broke that resistance that has held us back for the past 3 attempts we can now see with a Fib Expansion pull
the levels ahead that align perfectly with the top/middle of the channel , with 70k coming in as our 1-1.
A break of the ATH will push us on our way but if your not positioned right now then you could expect to see a pull back to the
VWAP region and a backtest of that prev resistance level .... All shown in chart if you wanted to take that opportunity
Market structure is bullish printing HL s as we make our way up the channel .
Fib Speed fan also visible on chart displaying what a respected journey its been for BTC ...Strap in
Have a plan and know where your wrong , Use a Sl and if you dont have a position as long as your holding Bitcoin then your still in a position .. Follow and Like ...Thanks with Gratitude
Please Note although I have some prices marked out in the flags , this does not mean i expect price to just go up without any consolidation or a battle at 58k ....
#Bitcoin - What's next? I am never gonna get my 10761 short entry filled, this has been my SUPER SWING for well over a month now
in my previous idea I mentioned we will see a Bearish diversion forming on HTF & finally we have it with amazing follow-through
I was waiting on daily candle close to enter in trade & with Cyclone warning in my city my head wasn't just in the right place , what I missed out in my analysis was FAKEOUT, that's what I am counting this as fakeout from our triangle on the upside to dump back down
now here's what I am looking at current charts a possible BART (SFP)
we have liquidated shorts, stopped out most & taken out the previous highs, all we need is a retest & that's where I will risk short, I will take profits as mentioned on chart (TP)
My long-term triangle is not broken yet nor is my IH&S idea invalidated, we are at the résistance best will be to enter a short position & take profits at different levels as market gives us
inverse Head & Shoulder
#Bitcoin Possible H&S in the making As per my original idea I got filled for my short!!
I was expecting a Bearish divergence to be printed but seeing nothing on rsi so far, will check other indicators, there are div printed on 3hr & smaller timeframes once we have them on HTF like 12H & 6H i will be more confident till then take profit at every 100-400$ drop
for now keeping an eye on this H&S in the making, if I got this right we caught the top :)
XBTUSD Bitcoin long termLonger term view. This is a likely top area unless if we break out, which would signal a new bull run, particularly if we set a higher high than 10100. Otherwise, seems likely we retest the support areas of the XBTUSD triangle. Mid 6k's might form an inverted head and shoulders, otherwise, low 5k's are a possibility. Expect downturn in June and July unless if the present area breaks out above. If we dump here in the summer, later this year or early 2021 may be the beginning of a new bull cycle as the resistance trendline gets lower and lower.
#Bitcoin - #BTC short to longI wanted to publish the idea but being Busy lately wasn't able to, I did share the short trade on telegram & we have been able to catch almost the top :D
for now, I feel we can retest 99xx levels, if you see good rejection then you can enter short position & ride it till the last leg
you can also use Leverage on Bitmex or bybit to multiply your profits but remember Leverage Trading is HIGH RISK So is Crypto trading & that's why I am legally obliged to say
#DYOR
remember I am not a financial advisor & this are all just my thoughts :)
make sure to leave a comment & if you agree then hit that thumbs up
Do not forget to check out other ideas & do share it with your friends :)
#BTC weekly Plan B - #2020 is DO OR DIE year for #BitcoinI published this idea last week & my whole idea was we should see at least 10761 -
however, after that BEARISH weekly close, we just had, my priority shifted to short & trying to get the best entry possible, I apologize I haven't been able to publish this idea sooner but I did share my trade setups on Telegram.
if you are still not in any position I expect a retest of 99xx levels which can give you a safe entry to ride this move, I am looking at few patterns forming but we need more time to confirm! Overall at the current levels, priority should be shorts
1 - Bearish BAT - as you can see on chart possible Bearish BAT forming with the targets of 72xx
2 - Bullish Bat forming - My average short entry is 10290 which is close to the top range of the high of this week so far, I am looking to ride it down to at least 9000 levels.
3 - Weekly Triangle - so one of my subscribers showed me this & it's a good take on Triangle expecting a test of the support around 75xx levels, & If it doesn't hold then just RUN!!!!
4 - Weekly Triangle 2 - This is close to our original plan of Inverse Head & Shoulder.
to summarize ride the trend until it changes, I am focusing more & more on swing trades as they are far more peaceful, I do use 4hr sometimes however nothing lower than that.
as always you can also use Leverage on FTX, bybit or Bitmex to multiply your profits but remember Leverage Trading is HIGH RISK So is Crypto trading & that's why I am legally obliged to say
#DYOR
remember I am not a financial advisor & this are all just my thoughts :)
make sure to leave a comment & if you agree then hit that thumbs up
Do not forget to check out other ideas & do share it with your friends :)
XRP just broke 2 bullish pattern at once, ready to face 3R..Wait for retracement test/support confirmation.
It just broke 2 bullish pattern at once:
1. Invert Head n Shoulders
2. Ascending Triangle
We may start pumping to face triple resistance i talked in