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BTCUSD: Really, what could possibly go wrongHi All, Hope all your trades are going well The trader mentality "Is not what you don't know that gets you in trouble, Is something that you know for fact that is not true" Warren Buffett. Hence, It's good to be confident. However, we should not think that something that should happen, will happen I.e., Crypto getting early ETF, or early mass adoption or Commodities and Forex, could stop being manipulated by Central banks, investments brokers or wealthy individuals setting up a bull or bear trap. How do I approach all my investments or trades? I mostly believe all my investments or trades could potentially all be losers. That is unless they prove me otherwise. Reason why diversification is a must. Meaning we should never put all our eggs in one basket. Because there is a likely chance we could potentially lose it all. Said that to say, the market is not kind nor does it care how we feel or think. Main reason why when investing or trading all of us have to check our emotions at the door. Being objective instead of subjective create millionaires and billionaires. Utilizing our emotion will get us in trouble, wrecked, or subsequently losing all our initial capital. Always go with the market sentiment, never go against the market. Mainly, because this could all lead us into financial ruins for newer traders or veteran traders who believe they know it all. Always keep this in mind, we are student to the market. Which means we as traders have to be able to adjust our position going with the market and not against or believing others are wrong. Others don't have to be right for them to make gains. If enough traders believe something it become self for filling prophecy. Stated that to say you could be 100% right in your objective evaluation and still get wrecked when going against the market. Also for all that is holy I ask all of us in the trader community to please stop shorting the market. Shorting only amplifies by creating for us traders a greater chance of losing(lostit) our capital as opposed to going long. Please also keep in mind for every sell order there is a buyer at the other end who will benefit from our shortsightedness. Remember to always use the basic technical analysis (TA) e.g., Support, Resistance, BOLL, MACD, RSI, EMA, MA, stop loss on the monthly, weekly, daily, 12 hours, 4 hours, 30 minute charts and don't forget fundamental analysis also helps immensely. Investments should be alloted to 3-5yrs, swing trades 1-4weeks or longer. Only day trade if the opportunity present itself to you all. Set our rules and Never deviate from those rules we created for ourself even if it means we could miss out on trades. Rules are rules for a reason which is why we created them for ourselves in the first place, which was to help us minimize losing trades. Never get caught being a bag holder unless it's a project you researched and did your complete due diligence on Be sure to follow me and like this post if it was helpful, and thank you all. Like the Phoenix we will rise from the ashes Happy trading People....
COINBASE:BTCUSDLong
by letsgetit
2
BITCOIN still bleeding... *DON'T COMPLICATE YOUR TRADING! BUY THE SIGNALS WHEN THE SIGNALS ARE GIVEN. // The probability overtime with this 1 indicator has clearly shown BEARS & BULLS at play while minimizing noise in the market. // We have been bleeding all year long and now we are seeing very tight range. // Many predict this could be the bottom but also many could be wrong. // Earlier this year we had so many people predict the bottoms around april, they were wrong. // We failed to gain but we broke short term resistance. // You can scalp a bear market but there will always be more risk without buying pressure to the upside. // If you focus on LARGE swing trading, you will beat the markets 90% of the time easily. // This 1 tool clearly displays that. // Profit the bull markets and reinvest the next bull market, don't blow your profits chasing. // If you try to hard to predict, it could make you look like a fool. // Trade with the wave and don't get too ahead of yourself. // Buy Green Sell Red // it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly, // it works good for stocks and cryptocurrency. // you will use heiken ashi chart style and turn on the EMA DOTS indicator. once the indicator is on you will hide the heiken ashi so you only see the dots. // when a green dot -7.17% -6.68% -7.44% -7.44% appears you buy, if a green dot -7.17% -6.68% -7.44% -7.44% appears after that green dot -7.17% -6.68% -7.44% -7.44% you hold your investment. if a red dot appears you sell your position. easy as that. // the standard dots setting will be set to 10 - use this for any chart above 3 days change the dots setting to 6 for 3day charts and below // shorter time frames will be choppy. // larger time frames will be smooth. // *Daytrading smaller timeframes is possible but not recommended.
BNC:BLX
by UnknownUnicorn2319099
Bitcoin, long term analysisHi all, today I am going to give my opinion on Bitcoin. First of all lets take a look at the chart. In the daily chart we can all see a falling wedge Bitcoin has been respecting through the entire year. In general terms, we have been in a bearish trend for the past 11 months. Right now, although we have broken the falling wedge, I am not confident on a trend change yet. The volume is really low, so maybe the optimistic ones can start to think we are in a accumulation period. I agree with them, but I still strongly consider BTC could try to re-test the orange support zone once again. The hypothesis of an accumulation period is not wrong as long as that doesn't happen. The thing I think we all agree about is, that there are no signals of a trend change yet. So for the ones who like to anticipate to the market moves, please take into account the possibilities of a new spike to the downside. We'll keep an eye on bitcoin during the next days. I think it is crucial for Bitcoin to maintain these supports I've drawn. Both the orange support zone and the purple uptrend line. As long as it holds there, I am confident BTC will get back to it's upwards trend. On the other hand, this year we may have not seen a huge growth in the market cap, but there have been huge developments in terms of adoption and integration of the blockchain technology and it's applications. Moreover the gate for institutional money is slowly opening to this market. Baakt for now, and ETFs can give to cryptocurrencies the impulse they need to remain. Hope you enjoy my words. I'm just trying to keep it simple. I think this is the point we are at. Huge potential but for now on we'll have to fight every resistance little by little. I don't discard a rally for the end of the year, but of course I am not seeing it again as big as it was the past year. Follow me if you like my content, Cheers!!
BITFINEX:BTCUSD
by Dotrader
BTC - FINALLY out of the range but not out of the woods!!!!BTC has finally broken out of that range we were stuck in for 2 weeks and has moved rather quickly to the 50%FIB, which coincides with supply zone. Bullish sentiment seems to have returned to the market as almost all altcoins together with BTC have surged over the past 24H but Bitcoin has hit its first test since the range break. We need to get above this area for a continued move to $6900-$7100. This doesn't mean we are bearish but both RSI and MACD need to reset a little before we could see a move higher, which could see BTC drop to the 38.2%FIB level or most likely retest the breakout level around $6550. That does not mean we can break through here and continue going but if you are on the sidelines right now, this wouldn't be the best R:R entering a long trade. Always better to buy support and sell resistance. Let's see what happens in the next few hours! Thanks guys!
BITFINEX:BTCUSD
by CM_Trades
There is a great trading opportunity to buy in BTCUSD..There is a great trading opportunity to buy in BTCUSD.. Midterm Forecast: While the price is above the support 4966.90, resumption of the uptrend is expected. We make sure when the resistance at 8200.00 breaks. If the support at 4966.90 is broken, the short-term forecast -resumption of the uptrend- will be invalid. Technical analysis: The RSI bounced from the support #1 at 26 and it prevented the price from more losses. Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. Relative strength index (RSI) is 44. New Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (6000.00 to 5460.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (6000.00) Ending of entry zone (5460.00) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : New Trade Setup: We opened 12 BUY trade(s) @ 6118.08 based on 'Hammer' entry method at 2018.08.14. Total Profit: 462720 pip Closed trade(s): 0 pip Profit Open trade(s): 462720 pip Profit Open Profit: Profit for one trade is 6503.68(current price) - 6118.08(open price) = 38560 pip 12 trade(s) still open, therefore total profit for open trade(s) is 38560 x 12 = 462720 pip New Take Profits: TP1= @ 6700.00 TP2= @ 7075.00 TP3= @ 7682.60 TP4= @ 8200.00 TP5= @ 8800.00 TP6= @ 9800.00 TP7= @ 11600.00 TP8= @ 12700.00 TP9= @ 14350.00 TP10= @ 17095.65 TP11= @ 19704.20 TP12= Free Previous Trade Setup: We opened 11 BUY trade(s) @ 6275.35 based on 'Trough (Valley)' entry method at 2018.07.15. Total Profit: 224590 pip Closed trade(s): 224590 pip Profit Open trade(s): 0 pip Profit Previous Closed Profit: TP1 @ 6415.00 touched at 2018.07.16 with 13965 pip Profit. TP2 @ 6974.35 touched at 2018.07.17 with 69900 pip Profit. TP3 @ 7682.60 touched at 2018.07.23 with 140725 pip Profit. 13965 + 69900 + 140725 = 224590 pip 8 other break-even trades closed at entry price, therefore no profit no loss.
BITSTAMP:BTCUSDLong
by ForecastCity
13
There is a great trading opportunity to buy in BTCUSD..Midterm Forecast: While the price is above the support 4966.90, resumption of the uptrend is expected. We make sure when the resistance at 8200.00 breaks. If the support at 4966.90 is broken, the short-term forecast -resumption of the uptrend- will be invalid. Technical analysis: The RSI bounced from the support #1 at 26 and it prevented the price from more losses. Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. Relative strength index (RSI) is 44. New Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (6000.00 to 5460.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (6000.00) Ending of entry zone (5460.00) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : New Trade Setup: We opened 12 BUY trade(s) @ 6118.08 based on 'Hammer' entry method at 2018.08.14. Total Profit: 462720 pip Closed trade(s): 0 pip Profit Open trade(s): 462720 pip Profit Open Profit: Profit for one trade is 6503.68(current price) - 6118.08(open price) = 38560 pip 12 trade(s) still open, therefore total profit for open trade(s) is 38560 x 12 = 462720 pip New Take Profits: TP1= @ 6700.00 TP2= @ 7075.00 TP3= @ 7682.60 TP4= @ 8200.00 TP5= @ 8800.00 TP6= @ 9800.00 TP7= @ 11600.00 TP8= @ 12700.00 TP9= @ 14350.00 TP10= @ 17095.65 TP11= @ 19704.20 TP12= Free Previous Trade Setup: We opened 11 BUY trade(s) @ 6275.35 based on 'Trough (Valley)' entry method at 2018.07.15. Total Profit: 224590 pip Closed trade(s): 224590 pip Profit Open trade(s): 0 pip Profit Previous Closed Profit: TP1 @ 6415.00 touched at 2018.07.16 with 13965 pip Profit. TP2 @ 6974.35 touched at 2018.07.17 with 69900 pip Profit. TP3 @ 7682.60 touched at 2018.07.23 with 140725 pip Profit. 13965 + 69900 + 140725 = 224590 pip 8 other break-even trades closed at entry price, therefore no profit no loss.
BITSTAMP:BTCUSDLong
by ForecastCity
$BTC - Elliot Wave was pretty accurate (prediction to $8,500)The prediction that I made on July 17th of $BTC going to $8,500 (CHECK RELATED IDEAS) was fairly accurate with an exception for the count of wave 4. With wave 4 I expected it to retrace to near the neckline of the Head and Shoulder formation or 0.5 on the fibonacci retracement of wave 3, instead it came down to the resistance labelled as 1st resistance (CHECK RELATED IDEAS) or 0.236. Where do I see $BTC heading now? With the Elliot wave count completed and seeing lower highs on RSI with higher highs on price chart only has me feeling bearish. In fact this is a bearish signal but with one more possible push from Bitcoin. From the price range it's moving at now we could see it bounce back up to 8,600 but I'm not expecting it to stay here for long this could be a bull trap with correction waves ABC are to follow. This is not trading advice. I use these charts as form of education and for fun. Constructive criticism is always welcome
BITFINEX:BTCUSD
by dowdall
There is a trading opportunity to buy in BTCUSD..Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend. Technical analysis: . The RSI bounced from the support #1 at 26 and it prevented the price from more losses. . The RSI downtrend #2 is broken, so the probability of resumption of uptrend is increased. . Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. . Relative strength index (RSI) is 44. Trading suggestion: . The price is in a range bound and we forecast the uptrend would resume. . There is a possibility of temporary retracement to suggested support zone (6000 to 5460). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (6000) Ending of entry zone (5460) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @6415.00 TP2= @6974.35 TP3= @7682.60 TP4= @8760.45 TP5= @9774.80 TP6= @11600.00 TP7= @12700.00 TP8= @14350.00 TP9= @17095.65 TP10= @19704.20 TP11=Free
BITSTAMP:BTCUSDLong
by ForecastCity
1
There is a trading opportunity to buy in BTCUSD..Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend. Technical analysis: . The RSI bounced from the support #1 at 26 and it prevented the price from more losses. . The RSI downtrend #2 is broken, so the probability of resumption of uptrend is increased. . Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. . Relative strength index (RSI) is 44. Trading suggestion: . The price is in a range bound and we forecast the uptrend would resume. . There is a possibility of temporary retracement to suggested support zone (6000 to 5460). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (6000) Ending of entry zone (5460) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @6415.00 TP2= @6974.35 TP3= @7682.60 TP4= @8760.45 TP5= @9774.80 TP6= @11600.00 TP7= @12700.00 TP8= @14350.00 TP9= @17095.65 TP10= @19704.20 TP11=Free
BITSTAMP:BTCUSDLong
by ForecastCity
15
BTC TO 10K, CYCLE JUST STARTED!So if we follow BTC correction trend from 10k to 5.7K it seems as if it has been forming a falling wedge pattern where we should expect a reversal happening as the downward trend is becoming compressed and a falling wedge reversal pattern indicates that the price should move to the price where it was at the top of the wedge which is 10k value however I would expect this run to take as much time as it did for the correction from 10k to this point which means we experienced cycle 1 which was the correction and now it seems as if we are at the start of cycle 2 ( each cycle = 50 days). So to all my HODLERS, buy now as this is a lower price and sell when we reach 10k if the price breaks this resistance then next resistance is 12k so buy back again after we break 10k and sell at 12k. To all my traders of other crypto currencies, a lot trade opportunities are coming up keep your eyes on top altcoins such as ADA, XLM, XRP, ZEC, VTC (very undervalued great opportunity), ETH, IOT, NEO, STRAT (very undervalued great opportunity), XEM, LTC. Good Luck, traders!
BITFINEX:BTCUSD
by farhadjafarov7
BTCUSD falling analysis, support and resistanceBTCUSD daily chat /// I have already told you my idea that the downward trend has not ended. And I've published graphics about it. An important support of 6425 was broken. The price is now at 6000 support. If it breaks it goes to the 5400 and 4970 supports. These are important supports. You can also see other support in the chart. If you stay above 6000, there are 6425 resistors above. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** I'm sorry for the impaired expression..Just watch the chart, not what I write. :) PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me . June 14 - BTCUSD daily chart May 25 - BTCUSD daily chart
BITFINEX:BTCUSD
by KasaDairesi
BTCUSD : The falling trend continues ! Red lines: Monthly resistances Blue lines: Monthly supports It has broken down the most important support line it has returned two month before. Opinions are strong that the falling will continue. Indicators are also negative. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** I'm sorry for the impaired expression..Just watch the chart, not what I write. :) PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
BITFINEX:BTCUSD
by KasaDairesi
$BTC - Rising wedge, bearish rising wedgeThere is a possible move about to happen with $BTC soon and it could be a move we are all well too familiar with these days. Like previous rising wedge that brought us down to where we are at now, it was formed on a downard trend. Upward wedge's are not good usually good news as they are seen as bearish. For this to be denied we need to see bitcoin rally up to 6,875 hold around this area and then another climb to 7,200. If it reaches 6,850 and fails to hold we could see bitcoin head towards 6,000 and lower. This is not trading advice. This is something I use as an education purpose and for fun. Constructive criticism is always wlcome
BITFINEX:BTCUSD
by dowdall