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Bitmexsignals

$BTC - #Bitcoin-Daily-Update #19 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update #19 What happened in the last 24h? In the last 24 we saw some nice movement in the same range that we have been moving the previous day. We saw some altcoins move but especially more volatility and movement with Bitcoin itself. For me it was a nice day with a correction from yesterdays FUD. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -0.27%, but gained 2.57% in $$$ down 6$ but up 90$ MarketCap? Total MarektCap is 121 Billion - +1 - Of which BTC is 64 Billion - 0 - With a Dominance of 52.3% - -0.4% - Volatility? The 30d avg Volatility is 4.57% - -0.03 - Shorts/Longs? Shorts - 21.7k (pretty low) Longs - 31.5k (high but solid) - S -1.0k/ L +0.6k - Funding? The last 3 funding rates added -> -0,0511% - +0.045 - Momentum? The TJ-Momentum is showing us a red cloud again, which is indicating us a drag and pull down. This might be important for the next days. Volume? With such a nice movement in the market today, we are having some nice volume attached to it as well. None of high significance but the candles are definitely backed by the volume. TJ-MF/TJ-Stoch levels? TJ-MoneyFlow - Today we are seeing a pretty small and ascending money flow, yet as such a small cloud, it is of minor importance to us currently. TJ-Stoch K(blue) - 27,5 D(orange) - 26.1 Divergences? We are seeing a slight divergence between the longs and shorts in comparison to the chart. AND we are seeing an uptrend on the TJ-Moneyflow which is an important divergence against the down trending market structure. Market Structure? We are still in a descending channel and might even find ourselves in a very huge and scuffed bullflag. It would be nice to see the breakout, especially when the shorts are so low at this moment. Overall? We are seeing in my opinion a possibly bullish market structure, yet due to the momentum and a possible bounce in shorts, we might be testing 3550 today or even 3434. This is still the case unless we get more bullish or true bullish confirmations. Obviously, we are seeing a stoch cross over but that is only one puzzle piece. A safe and secure long position can be considered. The previous 12% drop was very heavy and fast, leaving out a big gap and space to be covered first before considering going down more. We are as well seeing a huge decrease in shorts and a minor but further increase in longs. Creating a divergence to the chart, which should be higher according to the longs and shorts. What do we want? We want some bullish action and with as near as possible to a one billion volume day. Position? Keeping the position. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
6
$BTC - #Bitcoin-Daily-Update #18 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update #18 What happened in the last 24h? In the last 24 we saw on the bitcoin chart really just a reactionary movement from the news and fud spread around the market over the whole day. In my eyes there was no significant movement, just a precautious action towards the constantinople news and the cryptopia hack. Altcoins are taking a dump, due to ethereum and since the volatility and volume is quite low, we are seeing a strong dragging effect in and on the market. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -3.57%, but gained 0.63% in $$$ down 128$ but up 21$ MarketCap? Total MarektCap is 120 Billion - -3 - Of which BTC is 64 Billion - -1 - With a Dominance of 52.7% - +0.4% - Volatility? The 30d avg Volatility is 4.54% - +0.05 - Shorts/Longs? Shorts - 22.7k (pretty low) Longs - 30.9k (high but solid) - S -0.6k/ L +0.2k - Funding? The last 3 funding rates added -> -0,0402% - +0.0355 - Momentum? The TJ-Momentum is showing us a red cloud again, which is indicating us a drag and pull down. This might be important for the next days. Volume? Looking at the volume, we are seeing once again a failure to hit the MA, which is not confirming the bearish candle and simply confirming the theory of today's movements not being Bitcoin related. TJ-MF/TJ-Stoch levels? TJ-MoneyFlow - Today we are seeing a mini spike downwards in the Money Flow. Which yet again is so small and compared to previous days pretty insignificant. Once again - This is not bearish and not bullish, simply a weak bearish sign. TJ-Stoch K(blue) - 13.9 D(orange) - 32.8 Divergences? Taking a look at the last 30 days, we are seeing a possible long-term bullish divergence on the moneyflow, yet it's correctness and true value might take another few weeks to evolve. Market Structure? The market structure is not really giving us any clear signs, we are seeing a clone-candle from the last two days and still in the descending channel. There is a possibility of a falling wedge, nevertheless, we need more confirmations for it. Overall? Overall we are seeing mixed but mostly bullish signs over the market. Obviously in this bearish day, we are supposed to be seeing a lot of bearish signs, yet again, we are seeing only some weak bearish signs and moderate bullish signs. This is once again traceable back to the dragging effect and we see it's reaction on the longs and shorts, eventhough we have a bearish day, we see a decrease in shorts and an increase in longs. Might be indicating us a TP of the shorts and new orders filling up by longs. What do we want? We want Bitcoin to finally make a decision and close above 3550, in the best case above 3580. Position? Keeping the low leverage and low margin long, considering adding the 1/3 that we took out yesterday. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
3
$BTC - #Bitcoin-Daily-Update #17 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update #17 What happened in the last 24h? In the last 24 we saw finally the since 3 days predicted movement upwards. It was a nice but quick pump followed by small bull flags on smaller time frames. We saw as well since yesterdays dump and daily close, altcoins like Tron moving significantly upwards and breaking bearish market structure, which then had the from us heavily debated dragging effect on the rest of the market. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -0.43%, but gained 5.7% in $$$ down 7$ but up 200$ MarketCap? Total MarektCap is 123 Billion - +6 - Of which BTC is 64 Billion - +3 - With a Dominance of 52.3% - lost 0.6% - Volatility? The 30d avg Volatility is 4.49% - +0.02 - Shorts/Longs? Shorts - 23.3k (pretty low) Longs - 30.7k (high but solid) - S -0.2k/ L -0.9k - Funding? The last 3 funding rates added -> -0,0052% - -0.0826 - Momentum? The TJ-Momentum is showing us a red cloud again, which is indicating us a drag and pull down. This might be important for the next days. Volume? Finally we are seeing the volume hitting (almost) the moving average, which in this case would be confirming the trend upwards or at least the bullish engulfing after a pretty much red week. Should we see a pumping and green day tomorrow again, we would need the volume candle to hit the MA and cross it significantly to give us a total bullish confirmation. TJ-MF/TJ-Stoch levels? TJ-MoneyFlow - Today we are seeing a green money flow indicating us a bullish sign. Just as mentioned in the volume analysis, the market is still not shorting and no really big amounts of shorts are being opened. Finally we are seeing a nice uptrending green cloud on the money flow. TJ-Stoch K(blue) - 9,5 D(orange) - 51.9 Divergences? (We are seeing a slight divergence between the longs and shorts in comparison to the chart. AND we are seeing an uptrend on the TJ-Moneyflow which is an important divergence against the down trending market structure.) Market Structure? Taking a look at the market structure, we are seeing today a creation of new highs in comparison to the last 3 days. We are still inside of the descending channel. Overall? Overall we are seeing mixed but mostly bullish signs over the market. Yet, looking at bitcoin, we can see a decrease in longs after a bullish day. This is most likely based on the fact that we are still not seeing any true bullish signs, simply fairly bullish ones and insignificant bearish ones. The decrease in longs indicates to me a small Take Profit action today by the market participants who were taking a small scalp at the suggested support levels without any really bullish confirmation. What do we want? Today we simply want to close at or above 3666 and with as near as possible to a one billion volume day. Position? Taking 1/3 profits. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
5
$BTC - #Bitcoin-Daily-Update #16 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update #16 What happened in the last 24h? In the last 24h we saw first only little moement, yet at the end we saw a nice dump which is in my eyes a simple re-test of the descending support of the channel we are currently in. Apart from that, we saw that Ethereum took a massive dump yet other altcoins just went down to previous support. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -3.7%, but gained 0.78% MarketCap? Total MarektCap is 117 Billion - -5 - Of which BTC is 62 Billion - -2 - With a Dominance of 52.9% - gained 0.7% - Volatility? The 30d avg Volatility is 4.47% - lost -0.11 - Shorts/Longs? Shorts - 23.5k (pretty low) Longs - 31.6k (high but solid) - S + 0.2k/ L -0.2k - Funding? The last 3 funding rates added -> -0,0876% - -0.22 - Momentum? The TJ-Momentum is showing us a red cloud again, which is indicating us a drag and pull down. This might be important for the next days. Volume? Even though we saw a 3.7% dump on Bitcoin, we are still seeing very little volume. The volume is not exceeding the MA and by that not confirming the downtrend. TJ-MF/TJ-Stoch levels? TJ-MoneyFlow - Today we are seeing a green money flow indicating us a bullish sign. Just as mentioned in the volume analysis, the market is still not shorting and no really big amounts of shorts are being opened. Finally we are seeing a nice uptrending green cloud on the money flow. TJ-Stoch K(blue) - 0.9 D(orange) - 50.8 Divergences? We are seeing a slight divergence between the longs and shorts in comparison to the chart. AND we are seeing an uptrend on the TJ-Moneyflow which is an important divergence against the down trending market structure. Market Structure? So since we have almost no movement on this weekend and started with a significant dump, it is looking like a possible inverted BART. Nevertheless, we are as well seeing a possible bear-flag. Looking at historical data, dumping and afterwards having days of no movement has resulted almost every time in a small to mid pump on the next days. Today we simply re-tested the channel support and did not close below it. Overall? Overall we are still seeing a lot of mixed signs and finding ourselves in a very cringe area to be at. We are hitting on support and see buyers holding the price above it, not letting it cross nor close below the most important supports. The channel support has been confirmed once more, which is why a possible safe and small long position might be considered by the market. Hence, the little to no change in shorts and longs today. Nevertheless, the possible long position should be very small and rather waiting for a clear bullish confirmation even if missing out a few percent on the way there. What do we want? We want this day to end. Actually we want a close above 3550, yet a close above 3672 would be the best case scenario. We as well want to see a bullish confirmation before entering a significant long position again. Position? keeping the yesterday mentioned low leverage, low margin long. STOP at 3430 Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
2
$BTC - #Bitcoin-Daily-Update #15 -Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update #15 What happened in the last 24h? In the last 24h we saw almost no movement. During our first stream we saw most of the action happening and it was a simple full test of our mentioned important support and resistance line at 3550. Apart from that it pumped immediately back up to the daily high and just stopped there. From that point on it was a nice trigger to altcoins and started moving them, filling up orders and even hitting tps. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -2.36%, but gained 0.5% MarketCap? Total MarektCap is 122 Billion -n/a - Of which BTC is 64 Billion - n/a - With a Dominance of 52.4% - lost 0.1% - Volatility? The 30d avg Volatility is 4.58% - lost -0.02 - Shorts/Longs? Shorts - 23.3k (pretty low) Longs - 31.8k (high but solid) - S -1.0k / L +0.6k - Funding? The last 3 funding rates added -> -0,3023% - +0.0023 - Momentum? The TJ-Momentum is showing us a red cloud again, which is indicating us a drag and pull down. This might be important for the next days and the low liquidity weekend. Volume? The volume today has been pretty bad and we saw such low sell volume the last time on November third. Taking a fractal movement into consideration we might see increased chances of a good buy volume tomorrow. TJ-MF/TJ-Stoch levels? TJ-MoneyFlow - Today we are seeing a green money flow indicating us a bullish sign. Just as mentioned in the volume analysis, the market is not shorting and not really big amounts of shorts are being opened. Actually we are seeing more longs being opened and a good a mount of shorts closing. TJ-Stoch K(blue) - 23 D(orange) - 70 Divergences? We are seeing a slight divergence between the longs and shorts in comparison to the chart. Market Structure? So since we have almost no movement on this weekend and started with a significant dump, it is looking like a possible inverted BART. Nevertheless, we are as well seeing a possible bear-flag. Looking at historical data, dumping and afterwards having days of no movement has resulted almost every time in a small to mid pump on the next day. Overall? Overall we are seeing a good amount of possibly bullish signs. This is exactly the point -> possibly. Since we are seeing as well a fair amount of bearish signs like a cross under on the stoch, downtrending bearish money flow, bearish momentum and a descending channel that we are in right now. Nevertheless, there is still room for a bounce and re-test of 4200 or at least the above shown resistances. What do we want? We want this day to end. Actually we want a close above 3550, yet a close above 3672 would be the best case scenario. We as well want to see a bullish confirmation before entering a significant long position again. Position? keeping the yesterday mentioned low leverage, low margin long. STOP at 3430 Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
5
$BTC - #Bitcoin-Daily-Update #14 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update #14 What happened in the last 24h? Today we saw very little movement and just a sleepy reaction to the market dumping yesterday. We are having big similarities with candles from low 3k region right before we started mooning. Here volume and candle formation is pretty much the same. We might be seeing something similar happening again and see a re-test of the descending resistance again. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -1.72%, but gained 1.84% MarketCap? Total MarektCap is 122 Billion - nothing changed - Of which BTC is 64 Billion - nothing changed - With a Dominance of 52.5% - gained 0.2% - Volatility? The 30d avg Volatility is 4.6% - gained-0.2 - Shorts/Longs? Shorts - 24.3k (pretty low) Longs - 31.2k (high but solid) - S gained 0.3k / L gained 0.2 - Funding? The last 3 funding rates added -> -0,3% - +0.264 - Momentum? The TJ-Momentum is showing us a red cloud again, which is indicating us a drag and pull down. This might be important for the next days and the low liquidity weekend. Volume? Even after such a strong dumping day we see the volume barely making any difference and barely making it above the MA. This is for me a still bullish sign and kind of expected after such a drop even though we had bullish signs previously. The market as a whole is still not shorting. TJ-MF/StochRSI levels? TJ-MoneyFlow - Today we are seeing a green money flow indicating us a bullish sign. Just as mentioned in the volume analysis, the market is not shorting and not really big amounts of shorts are being opened. TJ-Stoch K(blue) - 23 D(orange) - 70 Divergences? Nothing that is worth mentioning in our daily updates. Market Structure? Currently we are in a descending channel simply sitting on 3 major supports, which is why the market is till not shorting but simply consolidating to make a decision within the next few days. Overall? Overall not much happened. we are seeing not only bitcoin but also altcoins consolidating and moving sideways. The drop was clear and hard to take, yet the little stop right now is giving space and time for buyers and bulls to take over the lead and put out some bullish signs into the market so we can start seeing more bullish action again and taking a safe long position. What do we want? We want to see today a nice green close and possibly connected to good volume as well. Market bouncing a little would be beautiful, yet we have to be careful for a possible bear flag. Position? Today I decided to open a long position with 5x leverage. 4 double staggered entries at 3600, 3565, 3482 and 3455 Stop at 3430. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
3
ETH - how to put a BITMEX trade without getting REKT ?It is a to- the- point analysis without any frills and lets you know exactly how to put the trade . A lot of trade pandits will beat around the bush without telling you exactly how to exceute an order on BITMEX . This will show you how to put an order without getting REKT . First the TECHINCAL ANALYSIS Eth analysis needs breakdown on all time frames 1 hr (green Trend line), 4hr ( blue trend line) & even Daily ( yelllow trend line ) as ETh is at its peak . Change time frames to check Line analysis - Tom Demark ( modern TA - coloured trend lines as above )+ resistance support (Classic TA - pink lines ) agree at the following to buy at these levels Harami cross - indicating sideways movement for some time so buy on break out. MACD & CMF are not showing a BUY , CFI trending dowing so I will wait for a break out . But you dont need to wait you can put an order with the following instructions RIGHT NOW. HOW TO EXECUTE THE ORDER ? Every BITMEX order will comprise of the following three orders , Trigger , stop loss & take profit BUY @ greater than 167 ( Put STOP MARKET ORDER @ 167 , uncheck REDUCE ONLY ) TARGET @ 210(Put TAKE PROFIT ORDER @ 167 , check REDUCE ONLY ) STOP LOSS @154 (Put STOP MARKET ORDER @ 154 , check REDUCE ONLY ) Size- 30 % of your portfolio on BITMEX ( 2 % risk ) . This one is volatile so dont go beyond this position size . Dont short for short term swings as it is trending up on the daily . Visit us at www.cryptoanteg.com and have a look at our store . Join us on Telegram at t.me/catforcrypto . You can buy stuff with bitcoin over there . Also look at trading bot section .
BITFINEX:ETHUSDLong
by cryptoanteger
BITCOIN BEARS A LOT!BTC INTRA-DAY BREAKDOWN What has occurred since our last intra-day breakdown for BTC (FINEX) ? - Well, firstly, we stated on the 19th of December on our last full BTC INTRA-DAY BREAKDOWN that we would be focusing on BTC finex as its a bullish price leader and since then bullish activity has been more evident than ever. This is just coming from a fundamental perspective. ‘’We will look at BTC price action from a top down perspective and see what all the fuss is about once again about clueless people screaming that its bull run per usual - BUT MANY A TIME THEY HAVE BEEN WRONG AND WE WILL EVALUATE THIS SITUATION PROPERLY SO WE DO NOT GET CAUGHT UP IN ANY FOMO DRIVEN PRICE ACTION. ‘’ - Per usual, team FOMO has lost another battle all in all. - ‘’REALISTICALLY SPEAKING, I EXPECT FINEX PRICE TO TEST MAXIMUM UPWARD POTENTIAL OF 4435$ BEFORE SEEING MAJOR KNOCK BACKS TO OUR DOWNWARD TARGETS. If this occurs, then that would also mean that XBT will go on to test EMA at 4150$ and the ALTS we focus on will hit the upward targets which we have set before melting again. ‘’ >> Again, even though I was very pessimistic about our 5.2k target on FINEX being achieved, i clearly stated to you guys trading on FINEX that you should expect maximum upward tests of 4435$ and if you look at the multi chart view posted to you on priority, you will see that maximum spikes were only up until 4435$ before massive rejection to the downside and our maximum upside conservative target of 4150$, was also achieved on bitmex. This was in the midst of the whole world screaming 6k we go. ‘’We can also see that momentum indicators such as RSI are at common hourly support levels of 56 and RSI/ROC is at common support level of 56 too and tendency to test 65 level before a meltdown is high - this correlates with an increase to 4150$. If you are brave and want to short (I would advice against for now), then 4150$ wick would be your thing with support targets at 3800$,3750$ and 3650$.’’ - This has also occurred, except that we wicked to 4435$ instead. But, support was finally found at 6350$ after a rejection from 4435$. We will do the top down style analysis to look at possible price direction, that you should have become accustomed to by now. What can we see on the daily charts for BTC ? - Well, we can see that on our price chart we are constantly being knocked down by the descending resistance trend line in black and currently it is being used as resistance at 4450$. - We can also see that we has a bearish divergence on the daily for BTC and this could be an early indication of a retest of 3650$ and even more with wicks to 3483$ before any sign of support or any sign of breaking on to the next stage of this fan with a break of 4049$ resistance and earliest signs of bullish rebound coming in at 3800$ support (but remember this is all to happen later on and I believe in order for this to occur we will need to see a rejection to at least 3650$ and also 3483$. - To add to this, on the daily RSI is currently at an infamous resistance level of 56 and we could see another drop to 37 level RSI on the daily before support is found again. If 37 support is broken on the daily, then expect this to translate to 3483$ support being found and us heading to 30 level RSI (wicks could be down as low as 3323$ to create a double bottom and in this instance if neckline of 4435$ is broken then we would be heading towards 5200-5400$ before MAJOR RESISTANCE is found again. - Lastly, We can see on RSI/ROC on the daily that we are near last frontier of resistance at 63 RSI/ROC level and this is ALARMING for the bulls because that would mean they have ran out of momentum to the upside and thus a rejection from this level would be both necessary and also fearful for the bulls because a meltdown on the daily to 60 level RSI/ROC on the daily could take place. What can we see on the 4 hourly charts for BTC ? - Firstly, we can see on our price chart that currently EMA 200 is being used as resistance at 4050$ and we will definitely see a rejection from this level to 3800$ at the minimum. Moreover, this is inline with the fact that 4050$ is a psychological supply zone. - Furthermore, we can see that on RSI that we are currently near maximum overbought zones of 70-80 level on the 4 hourly chart for BTC. This is in line with our descending resistance trend line in black drawn on our RSI chart across all timeframes. Moreover, a rejection from this level would lead to support being attempted at 56 level, but with how bearish the daily is, it could be that the crucial natural level of 37 could provide support. - Looking at our RSI/ROC momentum indicator, we can see that we are at resistance level of 53 but we cannot rule out an increase to 56 level. None the less, either way around this region, we should expect to see a rejection from black trend line drawn on RSI/ROC and this will lead to support being found at the 45 level on RSI/ROC 4 hourly chart. None the less, realistically speaking the natural support lies at 43 level. What can we see on the 1 hourly charts for BTC ? - We can firstly see that support for BTC following wicks to 4050$ and with this zone holding as a solid supply zone in line with descending trend line drawn on price chart. We can expect first level of support to lay at 3900$ for BTC but I would say that this EMA support on the hourly won’t hold and we will see a rejection to 3800$ for first signs of support on FINEX. Moreover, until 3950$ is broken, then MA’s still act as somewhat of a support. We can also see a descending channel forming between 4435$-3650$. - We can see on our RSI indicator that we currently are seeing resistance level of 80 on RSI holding and that we should find first sign of support at 56 level RSI on the hourly and this should correlate with 3950-3900$. A break of this level, which I stated is more than likely then we continue the V like structure which we continually see from rejections at 70-80 level on RSI and thus natural support lies at 37 level RSI. Remember, RSI reacts faster than the other momentum indicators such as RSI/ROC, thus I would say if RSI/ROC sees a good rejection to 43 level on the hourly then 20 RSI for the hourly charts following a rejection from 4050$ and support at 3650$ would not be out of the play. I still do think wicks could be as low as 3427$ if bitmex bears can crush buy wall at 3428$ and 3610$ on XBT price. - We can see on our RSI/ROC chart that a slightly more bullish picture is being drawn on the hourly and infant support could instantly be found to see a retest of 4050$ and even wicks to 4100$ before another sad rejection but this time for real to our downward targets. In addition to this, RSI/ROC support lays at 43-47 level and these levels are naturally seen as supporting levels on these momentum indicators. To sum up : 1. Maximum upside activity at the minute on FINEX is 4100$ and downside is still holds precedence until 3650$ support and even more so 3483$ support. 2. Break of neckline at 4.4k still leads to resistance at 5.2-5.4k on finex but I can downgrade the possibility of this move with a early rejection from 4900$ as I believe the bulls are really weak even though there is a bullish vibe in the crypto community going into the new year. 3. We should be thinking short at the minute and BUY at 3483-3659$ in order to continue trading this range into a breakout. PLEASE SEE RELATED IDEAS DOWN BELOW ;) & don't forget to stay up to date with our calls by following our Instagram and telegram channels down below AND ON OUR TRADINGVIEW PAGE - CALL AFTER CALL CORRECT!
BITFINEX:BTCUSD
by UnknownUnicorn1824771
5
BTC Inverse H&S projected target rangeOk so I am sure you have all seen the inverse H&S shoulders pattern floating around on TV. To start, Wave 1 (recent pump) ran all the way up to the .618 fib, really strong move, usually price only goes up to the 0.382 on the first wave. This leads me to believe this possible H&S pattern in fact will be playing out! Now using projecting sticks (green & yellow) you get the vertical length between the neck line and the peak of the head, this is your projection. Here you can see we have taken our projection sticks and placed them on the neck line. Take a look, these projection sticks bring us right up to the next zone of resistance after the resistance from the neck line, take another look, projection sticks bring us right up to the 2.618 fib extension! FirstClass Crypto has been LONG since 3600 but if you haven't managed to enter into a long for this bullish ride enter into laddered entries at the two red lines (0.382 & 0.5) from wave 1. Enjoy! To start your FREE 1 WEEK TRIAL with FirstClass Crypto contact - Telegram - @FirstclassEra Discord - @FirstClassEra
BITMEX:BTCUSD.PLong
by FirstClassCrypto
what goes up, must come down!XBT INTRA-DAY BREAKDOWN What has occurred since our last intra-day breakdown for XBT (bitmex) ? - Well, I stated that we would see a retracement from highs of 4050$ to 3800-3750$, with maximum support to be found at 3610$ (this is a MAJOR support zone for XBT currently and previously this was a massive supply zone). However, instead of receiving a rejection at 4050$ level, we saw a short squeeze occur until 4240$ as there were a lot of shorts pilled up in anticipation of a rejection from resistance trend line in black on the price chart for XBT. None the less, I made follow up calls privately to priority members stating that the alts were looking bullish and this squeeze may be necessary for us to reach our targets for our alts. During this time, ETH reached our targets as well as XRP achieving an unconservative target of 0.45$. None the less, we had one more unconservative target of 0.52$ to achieve for XRP and 175$ unconservative target for ETH was also not achieved. Instead what came was an early rejection for ETH @ 165$ from a minor resistance level. None the less, this should not be on me as I did state our target breakdown clearly across the alts and I have stated anything above our conservative targets is dangerous territory to be involved in with bearish bias still in the market. Now what can we expect as the next move for XBT and of course, as you should know, as an educated priority member, that everything follows BTC at the end of the day and that XBT is often a bearish price leader, hence, why we are focusing on XBT for this analysis and not BTC. We are aware of the upside potential for this move to be able to take us to 4.4k,4.7k and 4.9k on mex with final targets for FINEX to the upside at 5100$. However, with the most recent meltdown in price on an intra-day basis, we will need to focus on the bearish possibilities from current price and look at if our upward targets all the way up to 4.9k, are still possible to be achieved or are we heading for dooms day to our downward targets beginning with 2950$ (which is yet to be achieved). We will do a top down style analysis to look at possible price direction. What can we see on the daily chart for XBT ? (VERY BEARISH) - We can see following a rejection from 4200$, we had broken through support zones at 4050$ and current price is at 3750$. I stated to priority members in the panic of bull activity to 4240$ that they should wait for CONFIRMATION price of 4270$ to be broken and for those that want to be even safer, the first major conformational price for any bullish activity to our upward targets would come with a CLEAR BREAK OF CEILING AT 4382$. Neither of these objectives had been completed, thus, you should not have taken any long positions. - We can see that on our momentum indicators on the daily chart that support currently lies at 3700$ for XBT and this is in line with previous sell walls at 50 level RSI (which should now be a price floor for the immediate future) and a break of 3700$ may be relatively difficult. None the less, with a rejection from 60 level on RSI/ROC in line with a rejection from our red trend line drawn on this indicator, we had initially expected a retracement to at least the 37 level before any support on the daily comes for XBT and this would coincide with a drop to 3610$ support level. - On our RSI/ROC momentum indicator, we can see a clear rejection from the 62 level on this indicator and support lies at the blue trend line drawn on this indicator. This would equate to 56 level RSI/ROC on the daily for support to be found. If this level is broken downwards of then this will be extremely dangerous and could lead to daily RSI/ROC choosing to drop to 40 level for support. This could be highly unlikely, as support around 56 level on the daily on this indicator is very strong, in line with general support zone as shown on our price chart of 3427-3610$. What can we see on the 4 hourly chart for XBT ? (Slightly bullish, but we can’t rule our further bearish activity) + trading in the middle of a move is dangerous and best to wait for clear supports and ceilings. - We can see that after spiking to support at 3700$ level, price is currently at 3760$ with MA’s being used as resistance from 4k level and they are currently at 3869$. It is very likely, from support at 3700$, that we go on to test 3870$ level before bearish activity continues for XBT. We can also see that EMA 200 on the 4 hourly is being used as resistance at 4k ceiling and thus, we can conclude that it will be very difficult for XBT to break this level. - We can see that our momentum indicator of RSI is currently at a supporting zone and it is possible that we test 60 level on RSI to the upside before bearish activity continues. Remember, there is a greater chance on the 4 hourly that support is found between 37 level and 15 level than any other level. - We can see that our RSI/ROC momentum indicator is currently at support on the 4 hourly at the 4 level RSI/ROC, a level which is infamously a support more than anything. I expect if support is found at current level, on the 4 hourly, we will only see an increase to 50 level RSI/ROC before bearish activity can continue again. This will cause a lot of fomo buys at 4000-4050$ before the next drop in order to create lower lows to our support zone of 3427-3610$ on bitmex. - None the less, due to how close we are to our major support zone, it would be silly to go long at current price as a flash crash to 3610$ could occur. Moreover, because of how bearish the daily is and the fact that daily bearish activity just seems like its beginning, whereas 4 hourly bearish activity seems exhausted and at support levels, you should be cautious to trade against the bigger move. What can we see on the 1 hourly chart for XBT ? (Slightly bullish but over-all bearish bias remains) - We can see that EMA200 is currently being used as a resistance on the hourly charts at 3800$ and MA’s are also being used as resistance but a bullish cross over on MA’s could still be likely. However, it will be difficult to overcome resistance of EMA200. - We can see on our momentum indicators that we used 15 level as support on RSI and that it is likely 37 level could be used as resistance to install further drops back to the 15 level in order to cause long REKT’s to 3610$. - We can see that on RSI/ROC momentum indicator that support was used at last level of 30 and now we are testing 40 level support again, this should now be a temporarily ceiling. - Hold your guns for any shorts as it is completely possible that we do test the 60 level RSI before further drops to our support zone and indeed a retest of black supporting trend line in line with our support rejection between 3427-3610$. What can we deduce from all this ? - 4270$ should still be our long confirmation price. Remember, first sell wall thereafter is at 4382$. - Support zones for XBT lay between 3427-3610$ with 3610$ as previous ceiling and now a support due to the fact price broke this level - in line with this would come a retest off supporting trend line. - Neckline for a double top currently stands at 3800$ and thus a rejection from this level would be first sign of short activity to lows of 3427$. - Daily holds huge bearish influence and this may not come for some time but when it does it will be drastic. - For bullish price action to remain to our upward targets, a reduction is price to these levels would only be beneficial as it places our daily in line with support zones. PLEASE SEE RELATED IDEAS DOWN BELOW ;) & don't forget to stay up to date with our calls by following our Instagram and telegram channels down below AND ON OUR TRADINGVIEW PAGE - CALL AFTER CALL CORRECT!
BITMEX:BTCUSD.P
by UnknownUnicorn1824771
Bitcoin: about to SHOW YOU whos BOSS!As mentioned in my earlier post, a break of 3640 and the downtrend is OVER for now... We seen BTC spike to 4150 (the 0.78 fib) and start retracing.. on this retracement we have a possible INVERSE HEAD AND SHOULDERS... watch for BTC to hold 3600 the 0.618 golden pocket and support and then push past 4100 for this to play out.. If so the target is 5150-5250 (see comment update for chart) I will consider this invalid if we close under 3500.
BITSTAMP:BTCUSDLong
by Wolf_Of_Amsterdam
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