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$10,000 (BTC)Happy birthday to me today! 🥳🎂😁 12hr continues to fire green as the bulls strike back with an attack at the most important level, 10k! Currently we have a double top rejection and a break on upward support and currently shooting for the retest to see if old support can become new Resistance. Lots of alts have popped off an ran hard, while still a lot sit in accumulation rock bottom lows. Definitely massive amounts of accumulation on alts and I don't see how anymore of the the alt supply could get shaken out. I can't imagine selling alts here, could you? But, if 10k were to hold I strongly believe this market could stay ugly with anticipation of a massive drop on btc price. If this were to happen btc would just be another bear party in the making. Based off the situation with alts though I have strong hope! Would love to see this breakout more than anything! Very critical times. Currently the weekly, 2 week, monthly are all green. It's just that Resistance slope that is keeping me on a conservative approach. Walk with it, don't rush. I'm heavier with alts vs btc. Best of luck to you all with your trades today, have a great day! ✌😁 🥇MLT | PRO TRADERS
BITSTAMP:BTCUSD
by UnknownUnicorn2319099
19
We Continue The Fight In The Sweet Range! (BTC)Good day everyone, I hope all is going well! Let's talk about the reversal that took place throughout the night. First off on the last turnaround we looked for our short from 9.25k and had a constant battle back and forth. When we entered 9.25k I told you I would set a 1-2% stoploss and as price dipped through last week I continued to move my take profit lower in case of a reversal. Was it the biggest move? No! Was it a win? Yes! It's best to not be a perma bull or a perma bear and to learn how to adapt to any market situation. We got stopped out at 9.05k for a profit of 200$ per BTC over night. A win is a win! You take what the market give you and not try to be so greedy. We are here to be in the game for a long term and not a short term. That's the issue with a lot of traders. Everybody wants to get rich overnight and when a trade goes against them, they don't know how to cancel and cut loss. Bigger than any strategy cutting a bad trade out taking profit on a reversal is where most traders get caught up in blowing accounts marrying a bad trade. Take what the market gives you and walk with it. If we zoom in on the 12hr to see how it's been moving, we have had a perfect doji up top on the Crossover followed by some engulfing movement as all indicators line up. We can step down to a smaller timeframe to look for a more aggressive approach to taking a trade and following it up with a larger timeframe to catch the trends. We are still in a heavy indecision zone. We know where our edge plays are at. 10k is the money Resistance. Right now we are playing a lot of back and forth movement until we catch the next major trend that we can really sit on. Look, most people on here are looking for when to buy and when to sell from other traders. That is not smart trading. If someone calls a trade and goes wrong who's to blame? You or that trader? I would blame yourself since you are trying to find an easy route when you could be learning how to trade. Most people that call a signal are running pump and dump operations and could use you as dumb money and than dump to take profits on you. Do your own research, learn how to trade and don't depend on others to tell you what to do! I'm not here to give you signals. I have a busy life and business to handle. I'm specifically here to show you how my strategies work and how my indicators work to help make your trading easier. I believe in education and not get rich quick signals. Learn to trade, learn how to cut loss, learn to take profit, learn a system to help you make it easier on you as a trader. I will post charts and ideas to show you how I think and operate! Very rarely do I tell you when to exactly buy and sell. DYOR! If I wanted to run a signals group, I would of had one up and running by now, but I don't. I'm not here to let you copy me, I'm here to teach. Have an awesome day! 😁 🥇MLT | PRO TRADERS
BITSTAMP:BTCUSD
by UnknownUnicorn2319099
11
BitcoinSymbol: BTCUSD Time to get aggressive. She looking juicy. Which way you wanna go? Show me the money!!!!!! 🤑 ---------------------------------------------------- Want to level up your trading skills? We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. --------------------------------------------------- Thank you for your continued support, God bless. - Major League Trader
COINBASE:BTCUSD
by UnknownUnicorn2319099
10
Bitcoin DominanceStock Symbol: BTC.D Currently we are seeing a shift to the downside on a monthly time frame. Almost to a crossing point for a strong drop in dominance. Not quite there yet but I have been posting charts on this showing we would come down. If we can break down with strong distribution than we can look for an alt run. Diversify and use 5% stoploss ---------------------------------------------------- We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. Use Promo Code: FIRST100 to receive $50 off of your course! First come, first serve / Code valid for first 100 buyers. Normal price $99 --------------------------------------------------- Thank you for your continued support, God bless you though these times. - Major League Trader
CRYPTOCAP:BTC.DShort
by UnknownUnicorn2319099
2
BitcoinStock Symbol: BTC I see a lot of post of traders chasing the intraday moves. Let's zoom out and look at bitcoin from a monthly perspective with my setup. Currently we are seeing the same crossover to the downside as we did on 2017 top to come down. The thing with day trading is when the market hits hard overnight many tend to forget the outlook on overall market trends on large timeframes. Sure we have been pick up some steam coming up but let's not forget how fast the market dropped when the market crashed last. Chasing gains on small timeframes is cool if your consistent with winnings and cutting losses. But most I think fail as daytraders because they forgot to identify the higher timeframes. I'm a position trader I take in account to what the overall trend looks like. If you are constantly being beat in the day trading game and are sick of chasing it, than you should consider to move up In time. Trust me, when i started trading i was a day trader and i tried to capture every opportunity i could. Ultimately it never was consistent. I believe diversifying and finding the big shifts in markets is where the real money is made. Why scalp something when its geared for a major trend that you are fighting? The weekly on previous bitcoin post is still red even with the recovery we have had and is a at a critical price of indecision. One thing I like to take in strong considerations is, look how exhausted the alt coin market is. That is what is giving me fuel to btc maybe resuming upward momentum but we are really starting to see some serious accumulation process for alts. We dont control when the big boys show up to really move the market. Money inflow and outflow on a short term perspective can damage you quickly. I'm indecisive on bitcoin right now and I will follow up in a week to see how it is doing. But for the most part, I'm liking the alt coin market for accumulation. Diversify and use 5% stoploss ---------------------------------------------------- We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. Use Promo Code: FIRST100 to receive $50 off of your course! First come, first serve / Code valid for first 100 buyers. Normal price $99 --------------------------------------------------- Thank you for your continued support, God bless you though these times. - Major League Trader
BITSTAMP:BTCUSD
by UnknownUnicorn2319099
7
BitcoinStock Symbol: BTC Proceed with caution, we are still not seeing a strong confirmation yet for a long term hold. Need more time to show what this chop wants to do. Diversify and use 5% stoploss ---------------------------------------------------- We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. Use Promo Code: FIRST100 to receive $50 off of your course! First come, first serve / Code valid for first 100 buyers. Normal price $99 --------------------------------------------------- Thank you for your continued support, God bless you though these times. - Major League Trader
BITSTAMP:BTCUSD
by UnknownUnicorn2319099
5
BTC/USD TA Update (bullish short-term pattern?)BTC/USD Bitcoin is holding strong the price range between 5200-5400 zone and looks to be forming a bullish ascending triangle as the price keeps making a series of higher lows. BTC just had a bullish MA cross of 50 & 100 moving averages on the 1H time-frame. This signal short-term shift in momentum to the upside but still not confirm until immediate resistance at 5500 areas is broken. If Bitcoin can confirm a bullish breakout in the coming few days. The upside target is between 0.5-0.618 fib resistance or 6k-6.5k zone. When most indicators show extreme fear and oversold conditions we likely see a relief temporary bounce. Bearish side, if BTC closes below 5k this will invalidate upside scenario.
BITSTAMP:BTCUSDLong
by PolarHusk
4
BTCUSD - Uncertain situationWell, I am really not sure what is going to happen the next days. The BTC indicators I am currently seeing are: - Fear and Greed Indicator is very low and 5-10 levels normally is a good buying opportunity - Bitcoin on Google Trends is rising very fast, which could potentially mean a rising interest - If we keep that level, this could be the biggest triangle and continuation I have ever seen. For that reason, I will keep my leveraged long open, just in case we skyrocket in seconds. - Having lost important EMAs, we could as well be in a bigger bearish channel or something similar, that's why I'm saying that I really don't know which side to take position on. - The 1h chart is contracting, which let's me believe, that there is going to be some action very very soon. Overall market signals that I see: - Not just stock markets have lost value, so did Gold. Which leads me to think that an economic crisis is on it's way. These would not end well for Bitcoin either. - The inverted yield curve (cross from 2 year and 10 year treasury bonds) triggered already, which historically has always been the start of a recession. - I expect certain markets such as DJI to recover a bit (maybe to 23500) and this could push us back up for a while. On the other hand, I don't believe in it too much, because COVID-19 is not yet over and this negates the pull-back IMO. - The altcoin market has the potential to drop to 14B, which would be another 65% drop or around 40B of lost money. If COVID-19 is not rapidly gone from mother earth or at least made treatable, markets are going to bleed more and more till the day we manage it. It is probably better to stay on the sideline with bigger positions.
BITMEX:BTCUSD.P
by Thierry88