BTC: Previous Target Achieved - Small Relief Bounce PossibleCongratulations to who may have profited from our short call for the past week.
We have made an observation on a previous fractal that may have finalized our drop on the previous post.
Bitcoin is currently trading 11% down in the past 24 hours and is now testing major confluent psychological support for the bulls. This may be a small opportunity to open a long position for the short term or intraday traders. As there might be a small relief rally with Ethereum, BItcoin can most definitely follow a similar footpath.
Remember, the arrows are not exactly what might happen, but the overall direction or idea is what we are trying to portray. We will be uploading a new idea for the longer time frames shortly after.
Trade Safe.
X Force
BTCEUR
it's time to hedge your BTCHey everyone.
Crazy times right? With the stonks market ready to drop the bass (reffering to lonely island song). Dollar basing for a rally. And crypto fighting right at the downtrend upper median. The stars look alligned for something big right as we end this COVID summer.
You might also want to check out the other ideas linked below for some perspective on this idea.
Oh and also, a qoute from todays zerohedge article "The Last Time This Happened Was The Day The Dot-Com Bubble Burst"
"So, to sum up:
1) Valuations have never been this extreme... ever,
2) VIX Correlation to stocks is at its highest since Volmageddon 2018, and
3) VIX and Stocks are showing similar patterns of extreme speculation as occurred right at the peak of the dotcom bubble.
Trade accordingly."
Stay safe, and stay liquid. :)
50 day window miners dump bitcoin for price above 10000 closingTill end of the September the window when miners dump their bitcoin for price above 10 000 is 50 days.
This one is closing in 2 weeks.
Taking into account that in New York luxus properties already crushed more than 60% in price I expect similar crush in bitcoin till end of this year.
6000 is the dip to buy some.
BTCUSD | SWING - 3. Sep. 2020Hello my friend | Welcome Back.
Please support this idea with LIKE if you find it useful.
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It may be positive for the rally if the support is not broken, so it will rise to the resistance, a slight bounce will occur, and then it will rise again and break the channel up.
BTCUSD GBPUSD EURUSD XAUUSD
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
BTC: Short Term Fractal - Consolidation Phase in Play?Bitcoin may be showing signs of consolidation at these levels and is also painting a similar pattern (fractal) to the previous candles before we had the leg up.
This post is not to indicate whether we are bearish or bullish, it just an observation.
This can possibly indicate that we have bottomed out for the short term if this fractal plays out! In other words, this fractal can lead us to higher levels if we continue to consolidate at these levels, disregarding the immediate white trend line resistance.
While we believe this can be a mere coincidence, the fact that bulls have been resilient for securing the upper 10K levels, we don't want to leave this bullish case out of the book!
Trade Safe,
X Force.
BTC/USD 17 000$ COMING SOON?!-------------------------------------------------------------
What if we´ll see 17 000$ sooner than we expect?
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I took chart from May 11 to June 26 (2019) and it seems pretty same
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Can we expect some consolidation in the next few days and then run to values around 17,000?
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Do your own research!
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This is divination of crystal ball! And I am amateur oracle :)
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BTC: How to Trade BTC Right Now - Smart and Disciplined StrategyHere we would like to suggest to you a breakout strategy that we know that can bring guaranteed profits for any trader. This is the most safest strategy that bring the highest rewards, lower risk, and still expose you to the market in a time of volatility.
First things first, making a position with zero discipline is a recipe for disaster. We all would like to take a position right now and hope that it will go the anticipated direction of our long or short. No one knows where the market will be heading to, and although the market is in a considerably bullish state, it doesn't mean that it will just shoot straight (although we love for it too!).
The best possible way to approach the current rising wedge we are seeing at the moment, is to make sure and buy or sell on the BREAKOUT. The breakout doesn't mean, "it's breaking out, I should get in!". It's simply, a retest of the breakout. A retest of the breakout almost ALWAYS occurs unless there is some kind of anomaly in price action (impulse wave) - but even this, is always followed up with some form of follow up pullback.
Another interesting thing is we are trading below the legacy trendline from the log chart on the daily:
Please let us know, are you bullish or bearish?!
Bitcoin BTC-USD 4 H short-term ideasHello
I am writing briefly thoughts on bitcoin
- The price has formed a rising wedge, which can be broken downwards if we do not go beyond the current resistance.
At the moment, the resistance level is 11780-11880
A good signal to open a short trade will be the price's failure to gain a foothold above this zone, or an exit from the wedge and its retest.
Local support at 11560, breakout and consolidation below will lead to the next level 11250
Cancellation of the current scenario - going beyond 11900 and closing
This is just my opinion, and is not a call to action)
Looks good? Leave a like, share and leave a comment.
Thanks for visiting.
BTC: The Chart That No One Is Seeing! - Alternative BEARISH CaseWe would love to give our take on the bearish case (we are not saying we are completely bearish!)
We have found an extremely interesting pattern that no one may be eyeing. We have created a parallel channel that has been showing perfect support and resistance zones that may contribute to Bitcoin's downward movement.
Based on some of the data we found over the years, we are seeing no new interest flowing into the Bitcoin space, according to the Google Trends. Here is a link to what we mean: trends.google.com
Although we may THINK that Bitcoin is pumping due to the higher demand from new money, it is simply not always the case! We must use all of our technical and fundamental indicators realistically and to our advantage. The RSI indicator is a perfect example of why no new money is flowing into the space. We are still creating technical lower lows on the chart, indicating that recycled money may be the factor for price movement. If Bitcoin were to pump RIGHT now, we would still be well below the high on our RSI.
Another perfect example of why the log chart is playing out perfectly, is that we have already retested the channel on the lower trend line. It did not react in a positive way and actually failed to break above back into the parallel channel.
BTC has shown MONTHS of support on the lower trend line; however, with the introduction of our liquidity theory and the introduction of highly leveraged markets, people will take profits and short the market as best as they can with every opportunity. This may lead us to consolidating for a very long time, furthering evidence for the lengthening market cycle.
Bitcoin 4y halving cycles and the S2F modelIncluded the S2F prices on this 4y halving cycles model. Given that the prices overshoot the S2F model we should be expecting prices around 150.000 in this bullrun, however this feels like a long shot. I'd argue that we will definitely see the 50k range this run, but anything above is yet to be seen. What do you think?
In the next cycle the S2F seems to exceed our trend too much which might be the point where the model breaks. The prices of the S2FX model seems to be more likely during this period.
BTC: Short Term Potential Long, Bullish Divergence (Aug. 29)Bitcoin is currently playing out a bullish divergence that we have just spotted for the short term play. While we are still medium-term bearish, we think that this short term bullish divergence can be an opportunity for intra-day traders. Remember, this is a potential bounce from the hard drop we had from several days ago we have called for. We are now seeing the smaller picture being painted with the potential RSI bullish divergence!
Entry:
$11,450 - $11,520
Targets:
$11,650 (conservative target)
$11,800 (main target)
$12,000 (hard target)
S/L:
$11,180
Leverage:
Spot
3X Max
Technicals:
1. Lower Low on the price, Lower Low on the RSI = Bullish Divergence.
2. Currently trading ABOVE the parallel channel, so an entry around the immediate trend line can be an opportunity for an entry.
BTC: Market Cycle Psychology - Where Are We on the Timeline?Bitcoin is currently at crossroads for the adjusted market cycle psychology theory. As we were not able to secure 12K, it seems like the bears have taken control for the short term; however, Bitcoin is argued by many that we may be on to new highs.
Keeping in mind with our incredible recovery from the COVID19 crash, is this merely a bull trap? We have seen a 200%+ return within a short amount of time and we are not too sure if this trend will continue. If Bitcoin is able to keep this recovery rate going, we will need an incredible amount of volume and power not only from large institutions, but the general public on a global scale - but we aren't seeing any evidence for that when we pull up the Google Trends keyword, "Bitcoin." We continuously see smaller bull and bear cycles within on our timeline, which can be a good or bad thing.
With that being said, our continued advice for all traders is to wait for the clear break down or breakout to the upside. For all we know, we may be increasingly on a sideways cycle which may suggest further evidence for the lengthening market cycle theory.
We would love to know your thoughts in the comments below!
Trade Safe.
X Force.
BTCUSD Bitcoin | SWING - 26. AUGU. 2020Hello Traders Welcome Back.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
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Please consider to put a like to my idea for supporting me & subscribe for more ideas.
Bitcoin is going to crash hard. Possible scenario. Look how well the fib levels match if we assume the bottom will be around 1770 BTCEUR. Multiple support lines meet there, also it would make sense that we are forming a channel.
Everyone thinks we are going to the moon, so most likely we are going to the opposite direction.
BTC: Rising Wedge - Bull and Bear Cases VisualizedBitcoin is currently painting a strong picture of a rising wedge which is severely bearish in technical terms with low volume; however, a break above will mean that Bitcoin will be turning all major bearish scenarios into a bullish one.
There are currently only TWO possible scenarios on the larger time frames - the weekly for this instance:
1. A bullish scenario will mean that bulls will have to break above our rising wedge, consolidate, and show that with volume, we can break through our 2019 highs. In the instance we do break out of the rising wedge, our cases for any bear scenario will be completely invalidated - which isn't a bad thing at all; however, we must play by probabilities day by day.
2. A bearish scenario would mean that we will be breaking 10.5-11K levels, and possibly filling the main void at 9.7K.
Trade Safe.
X Force.
BTCUSD Bitcoin | SWING - 26. AUGU. 2020Hello Traders Welcome Back.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
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Please consider to put a like to my idea for supporting me & subscribe for more ideas.
BTC: 9.7K Target Guaranteed? EWs, CME Gap, & More Fundamentals!If you like our content, please take the time to 'like' our posts!
Technicals & Fundamentals:
1. The US Dollar might be rallying as suggested by our previous theory, and we are seeing the bounce as we speak. Please take a look at our US Dollar vs. Bitcoin Analysis and how they correlate:
2. We are seeing a full blown Head and Shoulders (Hns) pattern being played out, with the immediate neckline being broken. The neckline was a crucial safety net for the bulls; however, this was not supported by the bulls.
3. We are seeing one of the weakest rallies in terms of general public interest for the Google Trend keyword, "Bitcoin". We are NOWHERE CLOSE to the interest levels we have seen back in 2018. This can indicate that we may be set up for a bulltrap in the short term.
Targets:
a. $10,500 (Conservative Target)
b. $9,700 (CME Target)
c. $7,400 (Aggressive Target)
What We Believe:
We do not like to be bias here at X Force; however, we are still rather bullish on the longer outlook just based on the technicals, IF the suggested CME Gap does get filled and bounce. Otherwise, a bearish break below the red line would probably mean that we won't be seeing any rallies until early next year, strengthening the lengthening market cycle theory.
Trade Safe.
X Force.
BTC: 11.1K Target Reached - Updated Bull and Bear Case (Aug. 26)If you like our content, please take the time to 'like' our posts!
Bitcoin has hit our price target of $11,100 and we are now looking for either a continuation of the parallel channel to the downside (more probable) , or a break out of the trend line for a semi bullish case (least probable) . A break out of the parallel channel doesn't necessarily indicate a bull case completely, as there are currently a ton of resistance within these levels, so it would be more of a neutral zone of distribution and can possibly further elongate the Bitcoin trend - AKA establish support.
Bitcoin is also creating a new trend of 'Lower Highs', rather than the previous 'Higher Lows,' with more room for a downfall on the RSI.
Targets for Bulls:
$11,650
Targets for Bears:
$10,800
Trade Safe.
X Force.
BTCUSD Bitcoin vs US Dollar | SWING - 25. AUGU. 2020Hello Traders Welcome Back.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
***
Please consider to put a like to my idea for supporting me & subscribe for more ideas.
$ETHBTC yearly cycles chart 2017-2020ethbtc has now resecured its position within the lower %4(0,04) region, with bulls building major strength following the break above its key resistance level.
noting that massive resistance that exists right around 0,042 may prove to be insurmountable in the near-term
Ethereum has been one of the strongest major digital assets throughout the past couple of months, with its bull catalyzing significant momentum that has allowed it to far outperform Bitcoin and many other altcoins.
After rallying to highs of nearly $450 just a couple weeks ago, the crypto lost its momentum and ultimately slid as low as $380.
bitcoinist.com