Get started

Btcdaily

Bitcoin on ascending line - WARNINGBitcoin is currently on ascending line, so wait a bit with getting back to the game till we change the trend. I was suspicious from the beginning looking at Coinbase Pro, where I didn't see people trading but price and volume was going up - bots were buying step by step all on the way to the top, periodically selling some coins back - surprisingly not many people wanted to sell, so that journey was quick and easy. Yesterday life on Coinbase Pro came back, people started trading, like in old days before we crossed the last (real) resistance on 8400EUR. Not for long - as soon as we hit another resistance of 12181EUR (we had two more tries but resistance was stronger), the bull run started. How low can we go? I'm interested in your answers, comment!
by devonuk
BTC/USD needs to break this resistanceIn order to close above 50 Ma weekly today we need to break this resistance that you see in a daily time frame. A close above this resistance will confirm that we will close above 50 Ma weekly but if we manage to close above 50 ma weekly and also at the same time we do not break this resistance in daily then we will have to wait for BTC to retest 50 ma weekly and if it holds we are good to go into the bull market mind frame. Have a nice day and trade safe! DYOR its not a financial advice
Long
by groveguy
$BTC - #Bitcoin-Daily-Update #7 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update What happened in the last 48h? In the last 24h we saw some nice upwards movement. We tested the previous resistance, broke it and had a high of 3620$. Got rejected there pretty fast and started lacking volume. Lacking volume is a big topic here. Compared to the previous days we are increasing in price, yet decreasing in volume. Since we are still within the falling wedge and are wanting the breakout from there, we do need a strong volume behind it. What does strong volume mean? At or above the MA of the volume indicator. Should we not have that and close today below 3550, we will most likely test the support of the falling wedge again, which should be around 3150$. As well we see some short positions closing, or taking little profits. Which again would agree with the low volume increasing price. The funding rate as well has not been paying a lot lately which once agains indicates us that we did not have new longs opening but shorts closing. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3820 3950 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -1.0%, but gained 6.80% MarketCap? Total MarektCap is 114 Billion - gained 6 - Of which BTC is 62 Billion - gained 3 - With a Dominance of 54.9% - We seem to have an in reading BTC dominance, Alt Coins are tanking, BTC is profiting from that a little. - Volatility? The 30d avg Volatility is 5.63% - +0.03 - Shorts/Longs? Shorts - 38.6k (SUPER-danger-zone) Longs - 27.0k (solid) - S -4.1 / L -0.9 - Funding? The last 3 funding rates added -> -0.045% - -0.40 -> lost a lot - Momentum? The TJ-Momentum is finally blue and indicating us a bullish signal that the bearish momentum has lost steam and we are, as mentioned yesterday, due for a small relief rally. Volume? As we already said, the volume is pretty bad. Increasing price with low volume makes me not very bullish at this moment for the next 24h. TJ-MF/StochRSI levels? TJ-MoneyFlow -We are still below the 0 line. Yet, we are seeing a nice spike today, obviously we need too see if we can keep this steep increase. StochRSI K(blue) - 72 D(orange) - 71 Divergences? Right now the biggest divergence that I am seeing is in volume and the price. Bearish. Market Structure? We are still inside the falling wedge. Here even inside of to if we get a close below 3500$, we will most likely get an inverted hammer, which is showing us that buyers are exhausted and the price might continue down. Yet again is the question, what buyers did we have today? Overall? We are obviously loosing steam in the downward movement and just waiting for the reversal. We saw today some nice closes of the short positions, which is why most longs did not get liquidated even though we moved almost 7% today. We are still in the region of squeezing the over leveraged short positions, yet most of them we see playing it safe and taking profits. Taking profits at these levels means though that a short squeeze in its actual form would bring us to minimum 4.6k. YET the likelihood of a short squeeze at these levels is very low. we need to test lower levels again and hold those for a few days with increasing shorts. Anything apart from that is not a short squeeze and simply either a pump or TPs of those. So don't get confused when you see others talking about it. What do we want? We want to stay within the falling wedge today, which would mean a close below 3550. A close below 3434 would be ultimate bearish indication, yet very unlikely to happen. Position? A very simple and low risk short. The SL would be at 3720-3800 depending on leverage. OR a close outside the falling wedge in 24h. 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.PShort
by KongTrading
2
What happened to BTC and where to next?Hope you all were safe during the dumpage. Let me try to explain what happened here on the daily time frame. Check out the red level and later the green daily support block and try to notice what happens each time the price goes down to it. When we have repetitive pounding on an important support, but the price makes a lower high each time, it signal that the buyers are getting exhausted(smaller bounces), so eventually there are simply not enough buyers left and the price simply smashes through. This is a fairly common occurrence on any time frame, and can happen in both directions. Have a look for yourself, try to find a support or resistance level that got smashed. You'll notice that in a lot of cases this "pattern" played out before the smashing. Now, where are we headed? I know there are a lot of perma bulls out there, me included, but from a purely technical standpoint, it would make sense that we should come back to our broken support level and retest it as resistance, then head for the next support level that I can see around 4970 level. After that, who knows, we might get a big enough bounce to kickstart the next bull run. So I guess we'll have to wait for that ;)
BITFINEX:BTCUSDShort
by UnknownUnicorn3664665
3
Daily Update on BTC USDT BINANCEGreetings, So previously we had made a "test" predicition about BTC reclaiming 6700 after it was compressing... More signs pointed towards downwards however it was clear that it was not a strong probability of up. Currently we have settled near a temporary bottom and we should expect at least 10 hours of sideways. USDT pairings are troubling as of late, as the massive clear out of USDT holdings into BTC (theory as to why the 7k + spike) gives a great unease throughout the market. On this day BTC is effecting the alts more than it has the past few days so we should take a pause here to consider closely where all the alts are at in regards to BTC. Many alts on Binance have attempted to show a bottom and produce a rally, leaving many in a position that has the appearance of upward channel yet we cannot be certain of that. With BTC and USDT drama we may be facing a scenario whereby many of these alts attempts to reverse will be challenged soon. However in the meantime we should expect roughly half a days worth of BTC going sideways and testing this level. If it drops i would expect many of the alts which have been reaching northwards to stall their gains or drop back down. In the mean time... Watch closely. Because BTC is irrational and at anytime it can be pumped by large wallet holders. This market is a battle! Stay Focused and Start Winning!
by Altcoin_Ninjas
Going flat. Sitting in FIAT.My daily MA got broken. Sold another 20% of my bag which was bought @ 620.00. I'm expecting more downward moves at this point. Bearish DIVs on daily MACD. Tons of Bear scat on the 4 hour also. A single clean break below the Kumo. Chinkou Span below candles, T/K are both in the negative. %B went into oversold territory but BandWidth is showing me that this downward move could continue in the short-term future. MACD per usual isn't being helpful, flatlining at 0. RSI has been hanging out in Bear territory for the past 3 days and finally took a nose-dive to the 30 line. Overall. I will be releasing my full line when I reach acceptable profit levels for each leg. This is why I ditched all of my weak hands before halvening. That's all folks.
BITFINEX:BTCUSD
by chxdd
1