Btc-bitcoin
Bitcoin bulls tired? |Target 8500 | ReversalMy analysis showed the ending my this bull structure ending around 8400-8600 area and a potential reversal back down to the $7000 and then $6000 range. This would continue our overall bearish pattern for the last few months. I am totally ok with us going higher but I would much rather wait to break $8900 to see if this is a real bull rally or a fake breakout. This current area has the 200 MA on the daily giving us resistance, the 618 fib from the previous corrective wave resistance, the weekly 50 MA resistance, and the slope down of 50 MA on the daily from last month. All these factors tell me that we may head down again. Again, I am more than happy to be wrong. It is much easier to be a bull in this market so I want to make money the easy way too and not just short the market and keep waiting for the next bull run.
We are all in this together. I provide content to help everyone make informed decisions regarding their investments. I hope you make money, I hope you do your due diligence and utilize proper risk management strategies. Happy Trading!
Crypto-Review / May 29th : Taking Profit pattern > Range !Hope this idea will inspire some of you !
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Polymath POLY is uncertain! Short gains insight POLY looks neutral to me right now.
There might be some short term upside where it will hit old resistance.
However, the MFI suggests the prices moving up as there is more money flowing in and people are buying more.
We have to watch the coin closely before making any moves so that we have enough information to revisit the technical analysis of POLY.
#polybtc #polymath
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ETH Ethereum is clearly forming a Head & Shoulder Pattern! Hi Guys,
ETHUSD on Binance is forming a classic head & shoulder pattern, with the second should completing.
Initially I had ETH as a buy around $644, however I think there is a possibility it may test lower levels at $600.
The MFI suggests people are starting to buy, and the Accumulation/Distribution is still quite high and trending up which suggests ETH is set to go higher that the current levels.
I would keep a close eye on ETH at $650-$670 and check the price movement. If ETH breaks from the $650 range, its next resistance may be around $800! $$$
I hope this helps you.
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Disclaimer: I am not a financial consultant nor should you make any financial decisions based on my analysis. This is simply for learning purposes.
BTCUSD Let's get some perspective at the beginning of this weekIn this video, I'll take a look at the different time frames from the weekly to the 1h charts to review and understand the possibilities that are ahead of us.
When you read my charts in the 4h and 1h, you need to understand where it comes from and also that alternatives are totally accounted for. In other words, if my charts show 5,920 as a support for now and that in few weeks, bitcoin breaks lower, first I would not be surprised, second, my capital will not be hurt and the charts will be adjusted.
Again, I repeat that I see the chart analyst to the trader as the co-pilot to the pilot in WRC. The co-pilot studies the terrain and proposes his best option, and the pilot drives but if circumstances changes like rain, mechanical anomaly, the pilot adjusts his driving and consult the co-pilot for alternatives that are already known.
Trade safe, take care
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 29/04/2018-05/05/2018, I propose BCHUSD
Disclaimer :
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BTC CLEARLY EXPLAINED-- Fundamental + Technical April StoryWe waited until BTC showed it's hand...we broke 9200 definitively and we are on our way to checking off big milestones on the way to a BULLISH MARKET.
We're not there yet but for the full story in less than 10 min, this video might make life easier for you :)
The Trend: EP9 -- Remaining SensibleHowdy Yall!
I know I've missed you guys for a bit now. I feel bad about that. I'm back! I shot this video this morning, having to give my hearts best to hold back my ABSOLUTE DISGUST! ... There are people in that chat giving out advice that will really break your portfolio. I'm not going to stoop to dropping names. I think you guys will see the goodies from the badies. Its awful when the chat collapses to that level. I don't like it.
Enough of that. Lets talk about some BTC. Lets talk about the MACRO picture. Lets talk about The Trend, and talk about what way the market is flowing. Then lets flow with the market, and not flow with the sentiment of the crowd.
I love ya'll!
BTCUSD: Can we trade C D leg of BAT??Bitcoin is giving an idication of some strength and a potential move to the upside. A very shallow ABCD patten has completed at 1.272 ext and we have 50% retracement ( A B leg) and a pullback to 23.6 (b C leg) and we could be a the very beginnings of a C D leg of BAT pattern.
It's a little early to get too excited so I will wait for some cofirmation, once I get it I will update with entry, stop & take profit.
If this plays out it will be very good news for other coins.
Watchlist Update 23 (Vid) | BTC | Fractals & Ichimoku? Why not!Hey guys, I wanted to get a video out today, despite the technical problems earlier. I just wouldn't be able to sleep tonight if I left you guys hanging! Here's a highly condensed version of what I recorded earlier, and I'll elaborate on it all as we move forward. You can ask me questions as well, of course. I'll provide relevant links in my status updates ;)
The Trend: EP8 -- Building SupportsHowdy Yall!
On this episode of The Trend we take a look at how an asset sets up a foundation for further moves. Its important to understand some of the psychology which applies to both traders and investors when evaluating an asset. Here we look at BTC and its current trading area along with historical trading area's for comparison. Several times throughout the video I use terminology which is "borrowed" from Wyckoff analysts. I would like to clarify that I am using these terms as "explanatory" terms and not necessarily as the professional definitions for them (although most do fit, just by nature). Thanks for taking a look!
I hope you all muck up a chart showing off what you think will happen, and feel free to post that chart back here!
The Trend: EP5 - Recycling saves CoinsHowdy Yall,
On this episode of The Trend I got started before doing any kind of study. This is a quick look at how I will make my first chart of the day. This is how I get going. This is the chart I mock-up and start to drive "idea's" off of. From there I look for trades. I write down my crazy idea's...and sometimes - especially when I really want to put a trade through - I'll trash it and draw it again. This is very helpful, it gives more ideas, and furthermore it will help you in your quest to toss out emotion.
A key idea, is drawing yourself a bearish chart as well. I recognize this is tougher to do if you're holding coins. However there can be nothing more important than giving yourself the chance to look at the opposing view. Draw it up with the absolute belief its going down. Look at that supporting evidence. How does that compare to the other charts you've built?
I would love to see some of your charts guys. I appreciate all of the kind words, and compliments you all have paid me up to now. I enjoy being a part of this great community, and you all are the reason why!
The Trend: EP2 -- Managing OurselvesWelcome back yall!
Today on The Trend we talk about the unknown direction of BTC. It's a challenge to call a move upward, or downward with long term trends crashing one another. What usually gives it away? VOLUME . There is no volume in sight. We have to wait untill we see some volume to have conviction in the next move. Later today - or possibly tomorrow we're going to create one of the most important pivots we've had since the 15-17k retests.
These are the times we have to manage ourselves. These are the times we have to have the discipline to set stop-limit's and protect ourselves from price-action that could empty our wallets. This is not the time to get hopped up on a new indicator, and think we know whats going to happen in a market which is running so cold, for so long, with little volume. Lets take some solace in what we DO know :
There is a giant sum of money on the sideline
There is a ton of capital in Alts which left BTC earlier this month - ripe to come back
The mining difficulty has not gone down, indicating sentiment that BTC is not dying
Talk, chatter, and new analysts are picking up BTC daily! This is not a market losing favor!
Now some last minute things. Last night I had a moderator who was nice enough to point out that I don't need to create a second idea for you to "Make it mine" on my chart! Apparently that works on the video too! So if you want to steal the chart from this video and muck it up yourself, simply click the "share" button on the bottom right of the video, and choose "Make it Mine" on the window which pulls up afterwards. If you have questions, challenges, or ideas you want to show off relating to this episode of The Trend I would like to encourage you use that feature.
I appreciate everyones support, and thank you for all the kind reviews so far!
A war of Faith -- BTCHere I go at length discussing training channels. Especially flattened trading channels. It is important to note that sideways action is important - at least as important as the uptrends and downtrends. In my last video I show a "support cloud" and a "resistance cloud" (Those are my terms, I've never seen anyone else use them) and they are built by sideways trading channels.
Here I get into that idea a little bit more and try and explain why historical data shows me they are important. It also may help explain why I think we are in one for the time being.
I hope you learn something, and thanks for your time!
BTC Potential Short (Unfortunately)Always an unpopular forecast especially when like me you have so much invested but just be careful in this area as price may reject for a continuation downwards, I think in the long run we may get our Bull-Run but maybe one more push down first. Fingers crossed it sails on through past 10k with no problems!
Calming the StormUp? FOMO? Higher? MOON?!?
Down? Bear? Crash? DJIA?
There is a ton of nonsense out there guys. A ton of people trying to tell you how to trade. Whatever side you're on, I think you should hang out. Things are starting to look like there is some positivism back in BTC. If you're long here, stay long -- I don't see anything to turn you around.
If you're short (God bless you) I don't think I'd be holding a short position here...but you have some data on your side.
Being neutral is OK. Waiting for the confirmation before you jump is perfectly acceptable - there are others with you.
Lets look at it together and see how we "feel" about BTC!
Get ready for a trip to the STRATosphere!So here we have STRAT and it looks ready for a move to the upside after creating an accumulation base that should project us to our first target of .0016 with much more upside to be expected.
Further updates and in depth charts will be posted for our Apex paid members including new coins that are about to move to the upside.
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