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BTC - Trading The Range 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. BTC has been stuck inside a range between 29,500 and 31,500 and it is currently approaching the 30,000 round number. Moreover, BTC is approaching the lower bound of the orange channel. 🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the 30,000 round number and lower orange trendline. As per my trading style: As BTC approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) If the 30,000 zone is broken downward, we will be expecting further bearish movement till the lower bound of the range around 29,500 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
16
DOGe is ready for take-off Captain! DOGE-1 to the MOON!!!! Shiba Inus an all good DOGies worldwide patiently for DOGeDaddy!!! We need a Billionaire Wall Street Short Squeeze! Netflix needs the story line for "The Big Short 2 - DOGs attack Wall Street Short Sellers out of existance!: LOL BUY the DOGe Float SpaceX and "back" DOGe with SpaceX, Boring and all the non-Wall Street contaminated assets. Sue anyone using the SpaceX coins without proper written authotization from the coin owners. No more selling (shorting) shit one doesn't have. That's not ok in today's international open and fair markets. PS from a trading perspective, this is a no-trade sone until breakout is confirmed. Officially announcing the DOGE-1 plans would probably do it but the media is a little against Musk these days with BS headlines and smear-mongering. The manipulators never stop... Support productive people, put free loaning krooks in jail!!!!
Long
by UnknownUnicorn2413721
BITCOIN - Move Your Lazy Ass!!!Hello everyone, rouzwelt here It's been a few days since my last post, but not much has happened in these few days, just sideways, no clear direction, no domination from either sides. My last short trade is still active at 34850, price couldn't reach the last swing high and therefore my SL is still at its place. Let me say that I still lean more towards the down side as price have not been able to print any higher high in these few days, but we can see a lower low (not with much difference, but still technically a lower low) and we see a bit more volume at impulse moves down compared to impulse moves up which indicates slightly more dominance from bears at this moment but not a definitive one. You can see 2 red horizontal lines in the chart which I believe are the definitive lines for bitcoin to take out if it wants to get out of this current sideways channel. 35K would be the level for local uprise and 29K would be the level for downfall. I have projected the possible price actions for those scenarios if we see a breakout happening in next couple of days or so. But I should note that bitcoin might still stay in this channel and continue its sideways move for quite some time until one side can dominate the other and if the current condition we're in manages to continue it would favor the bears as the price is closer to the lower side of the 30/40k range and is getting closer to the end (crossing point) of the blue down trend line and 29/30k resistance area (forming a down-sloping triangle and potential bear-flag). It's worth mentioning that right now we clearly see no enough sellers, but we don't see enough buyers neither and actually as price fails to print any local higher high it keeps more potential buyers away from entering which is clearly visible through the bars volumes, this makes it more favorable for bears to push further. Many talk about 30k being the bottom and that the price can't go any lower than that, or that the 30k support is so strong that it can't break, well it is a strong psychological support but that doesn't mean it can't break, it definitely can, as long as there are not enough buyers and interests at current price levels it can always break to find more interests again and build its base for the next leg up. I'd like to talk briefly about Alts here, I believe if Bitcoin continues its current sideways move for couple of weeks, we can expect some bullish moves from alts, but if BTC start another sell-off then alts will follow obviously. So right now I'm starting to look for some potential short-term buy setups on some large-cap alts and I'll be sharing them here if I find any good one and It kinda would be a good hedge for me as well if I find any buying opportunity on them as my short position on BTC is still open. That's all for now, if you find this post useful then consider supporting me by hitting like and write a comment if have any opinion about my analysis, I'd be happy to read your thoughts about it. Thank you and as always have fun and trade safe.
by rouzwelt
6
The boring BTC scenario: BTC plain boring for the whole year.Everyone likes drawing charts where BTC does impressive price movements. Either insane rallies, or huge dumps. But what if bitcoin just slowly will drop towards 1800 during the course of the next 1 year? Brutal periods of boredom, with sharp drops in between, but not many of them. 99% of the time just pure boredom. I fear this scenario because you can forget short-term trading. And you open bitcoinwisdom 100 times per day, to find the same price with a likelihood of 99%, that means that the entertainment aspect of BTC will be completely gone for almost 1 1/2 years. A nightmare scenario. Let's hope we'll see some action soon, else this might become a real possibility. At least we can load up on cheap coins for the next hype cycle :)
BITFINEX:BTCUSD
by SebastianofMoon
12
Time for an updateWell, it's been a looooooong and boring time since I last posted here about BTSBTC, and I guess we are finally at a meaningful point. Looking at the chart, it's not a question of wether or not the fib channel is valid or not, because it obviously is. The million dollar question is: will we stay inside the fib channel or not. If we stay inside the channel, we might very well look up the center line again which would mean a pretty steep drop. I know a lot of people think the only way is up at the moment, but I'm not so sure. We had something that looked like a 3-wave up over the last 2 days, but volume is so low it's almost non-existent, so I would hardly call that impulsive. In the meantime king Bitcoin is also low on volume and moving ever more sideways. Don't fall into the trap of thinking there are only 2 options, a huge burst up or down. There is also the option of remaining boringly sideways for a lot longer. Guess what that would do the alts market? Alt season or a slow withering away of interest?
Short
by thomasvandenabeele
3