#BTC $BTC MESO PARABLO BROKE - MACRO STILL IN TACT!Previous charts of the broken parabola were obviously meso tf being that the parabola was only drawn on part of the recent movements and not from the actual true bottom, which did react as expected with a nice drop once it was broken
If the parabola is drawn on the macro tf, we have stayed above it while filling the CME gap - bullish
Alts remain bullish and longs have been squeezed, people are indecisive here
I do believe another run up from here is in the books being that everyone was shaken out of their positions thus far and rejection / accumulation around the monthly pivot still strong
We could bust up through 10k even if we get strong enough FOMO and bullish continuation on the macro from here
Btc-short
Bitcoin: Another HUGE Move is Brewing!Coin Savvy here with yet another analysis for all of you! There’s something I want to talk about with all of my viewers and it’s the 3 day chart.
If Bitcoin closes this 3 day candle above its 200 sma then I would expect a move to the $9,000 to $10,000 region, this may take some time after the close as we are dealing with higher time frames which just takes time so have to think longer term.
If Bitcoin closes this 3 day candle below its 200 sma then I would expect a move back down to the 3 day 200 ema around $5400 to $5500.
The bullish target is using previous price history, May of last year we put in a top around $10,000 price per Bitcoin and I think this rally is extremely bullish, the weekly and monthly charts are extremely bullish (weekly closing above its 50/55 ema and monthly closing above its 21 ema) so this thing may have a little more juice in her and $10,000 is the only next real resistance besides the local top around $8400 but if we march back up after closing this 3 day above that 200 sma then I see us blasting through that local top.
The bearish target comes from a multitude of things, I will list them below:
a.) Monthly 21 ema - $5425
b.) Weekly 55/50 ema - $5450
c.) 3 Day 200 ema - $5450
d.) 2 Day 200 ema - $5450
e.) Daily 377 ema - $5400
As you can see we have EXTREME support in this region.
I would say this is a simple setup... Close above the 3 day 200 sma, go to $10,000.... Close below the 3 day 200 ema, go to $5400... We can figure out what happens after that once this takes place... Remember to take things one step at a time.
The 3 day candle is going to close tomorrow at 8 pm EST so that will be my determining factor whether I go long or short. This is the great thing about TA, having a plan for either scenario!
Coin Savvy, signing off. Enjoy your night, enjoy the charts, and respect the technical analysis .
BTC tradeLeveraged Short avg entry 7955 currently. Against weekly and 3D trend/signals so protective only, preserving profits. Retrace expected but not trend change.
Additional entries 7900-8100
Stop at highs. Will monitor on low TF and take hedge longs as necessary in order to build a larger short and reduce risk.
Target 7100 or lower
#BTC #BITCOIN $BTC PARABOLIC TREND BROKEN - $BFX BITFINEXJust realized my previous chart of the parabola breaking was on Bittrex... Which is not the leading exchange
Even with all of the "fuckery" lately regarding the USDT scandal and finex having far different charts than the other exchanges, it is STILL the LEADING exchange and has still been the most accurate at TA forecasting even WITH the TA "fuckery" thats been going on lately...
Parabola is broken here on finex as well though, so doesn't matter too much... let's see how this 4H closes folks
BTC 6400-6600 Possible Reversal ZoneWe all have seen this pattern before. The price drops significantly, the comes back to where it dropped, stays there for a bit and drops again. I placed that trendline there because I believe we will see a quick touch there or over the trendline. I see 6400-6600 as a reversal zone but it's also possible to happen right now because the price is facing the 2018 support which is now resistance.
Overall, personally, if I would enter a short right now my SL would be large.
What do you think?
RIOT - So fuckedRIOT puts have been doing awesome the past week :)
Why is RIOT a piece of shit and why should you short it?
Well, namely they fund their operations through share dilution. Management is also highly inexperienced.
Oh, and I think they defaulted on a loan or something? I know they gave a lender a whole bunch of cheap warrants to exercise around the middle of June.
Target down to the Gann line.
See you below $2
BTC - BITCOIN WILL MOST LIKELY DIP SOON - HIGH PROBABILITY BITSTAMP:BTCUSD seems bullish in the long term, but will probably dip in the short term. This signal plays out almost every time in all sorts of markets.
Sell-Signal :
People often talk about MACD crosses and golden crosses and all sorts of moving average crosses. There is a really simple trading strategy which plays against the masses and works more often than not. Basically, we are looking for a typical moving average cross, which would be important enough to give a bullish or bearish signal for a longer time frame. If this signal is for example bearish and the price is always very extended on the bearish side (way underneath the moving average and the cross), then the 'bearish'-cross works as a counter indicator and gives a signal for short term bullish movement. You can backtest this principle in all markets and all asset classes and also almost all timeframes. If you take this trade then the probability is on your side.
In the case of bitcoin, we are anticipating a cross of the 100 DMA and the 200DMA and the price is front running the cross. This is another bearish indicator which combined with my recent analysis BTC-LONG-TERM-BULLISH-BUT-SHORT-TERM-DOWNSIDE-POSSIBLE/ just increases the odds of a short term pull back.
Targets:
Targets are the same as in my old analysis:
BTC-LONG-TERM-BULLISH-BUT-SHORT-TERM-DOWNSIDE-POSSIBLE/
I hope this was helpful.
Best,
Felix Kewa
BTC RSI WEEKLY. Consistent 5 years chart.See history of BTC using BLX charts. Whenever it gets near the 55-57 RSI on weekly it dumps hardcore in bearmarket.
You can clearly see it is being consistent after 5 year.
Notice it always dumped first when it got near the RSI 55-57 before it tried to rally and end the bearmarket.
dont long this RSI. if your hand is itching to buy just wait for retrace then gamble your money. but longing RSI with massive resistance is just stupid.
remember ladies, don't long resistance and don't short support.
Drop below the channel could take us to 4500 or even 4200While the news came out today about the investigation into Bitfinex/Tether, there was already a negative RSI building before the news broke, indicating a likelihood of a drop.
Currently BTC is still holding in the channel, but a drop below it could take us to 4500 or even 4200 in the short term.
#notfinancialadvice
BITCOIN Golden cross & regular bearish divergenceHello fellas!
We have an interesting day on BTC-USD daily chart, bulls seems to be exhausted RSI and MFI levels are decreasing while the price is going up witch means that we have regular bearish divergence, also volume is decreasing while price is increasing another bear sign. We are in a bear flag formed from the beginning of April. At this price levels we have some resistance also on November 2018.
In contradiction with these bear signals today MA 50 and MA 200 had crossed formed a GOLDEN CROSS witch is a bullish signal, from my point of view we will go DOWN, I think it's just a bull trap let's see what will happen in the next few days, we could see a correction to 0.786 Fib. level witch is around 4200 zone so I will SHORT some BTC.
This is not an financial advice, take care of your money!