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Btcneutral

Bitcoin - The SituationWell well well our last trade was a huge success, now I am looking at the big picture and trying to figure out what could happen next. Now btc is trying to hold a bullish line back from years ago (See green line on chart) if this line breaks down I have little hope for a bullish move until 3-4k. Fractals and ALOT of TA is saying 3k SHOULD be huge support zone, so if we manage to go there it's an obvious buy with risk/reward on your side. I marked the best buy zone on my chart, note that closer to 3k is the best buy. If the current line holds it has great potential for 5k target (risky trade unless you got bellow 4.5k entry with a sl), personally I am waiting for market to show more clear signs. Only trade current line if you can babysit your position all day long. No need to rush to buy, weekly RSI is hinting that we will be here for a long time (3k-6k) Have a nice day! NOTE: This idea follows Bitfinex price.
BITFINEX:BTCUSD
by Nirland
2
BTC big move coming depending on MAIN SUPPORT 7.5kBtc is currently testing a very important support level around 7.5k is really important to hold for bulls or it's looking like another wave down to around 4.8k. Watch what btc does the next few days and enter a longer term trade. This support is from all way back in jan 2018 so it's very important. If we break bellow it tells us that a high chance the breakout was not "the real run". If this happens you might have a GOLDEN chance to buy btc at bellow 5k. If support holds and btc goes above 9k it turns very bullish...waiting to see what happens. Watch out for fake outs always put SL in profit! Happy trading :)
BITFINEX:BTCUSD
by Nirland
2
Bulls showing life - what now?Bulls broke the 6850 resistance with extreme force, now looking way better than before but still there is a huge resistance at 7.8k currently, if we break above 7.8k go long with sl at 7.8k. If we break bellow 6850 go short with sl at 6850. You can also short between 7550 and 7800 if you think btc is bearish but get out of any short at 7.8k. Please note that btc market does not act the same way every time, for example could break 7.8k go to 7.9k then back bellow 7.8k again if that happens it is a strong sell signal. Don't worry I will keep posting updates to the situation. Happy trading :)
BITFINEX:BTCUSD
by Nirland
BTC/USD - Higher High or Rejection? [ Neutral Stance]BTC/USD - Currently we are finding some nice resistance at a very expected level, the market looks really healthy and alt coins are setting up nicely although BTC can easily get rejected here and bring the market back down with it. We can see on the chart above, we have to create a higher high which would need us to close above $6,800 and continue to find support on that key level. If we don't make a higher high here on the daily over the next few days we will drop dramatically as the market will take that as a rejection and buyers will get exhausted. If we do make a higher high I do expect us to approach the larger downtrend line and run into resistance around $7,500 - 8,000 were we will be either making a higher high or making an over all lower high and continuing in the trend that has been forming since February! I will play this both ways, if we get rejected that would put me back into USDT or another hedge, if we make a higher high I will be taking some good mid term positions up and trading to build my satoshi value. Peace out - @AlpoCrypto VIP group available
BITFINEX:BTCUSD
by Alpo_
BTC - 5 hours to close candle above $6,900 (long Term support)Dear all, Short update on BTC, the rising wedge finally completed its retracement to the $6,700 area. Now we have 2 options: 1 - BTC candle 12h candle closes within 5hrs above $6,900 to preserve long term support In that case BTC will have performed a bullish triple bottom 2 - BTC candle closes below and it will visit lower supports highlighted on the chart This scenario will be a bearish one since we won't be close to a bull market Word of advice, always set stop loss, know when to take profit and let the correction clear technical indicators as well as allowing new buyers to enter the market. Of course this forecast is not a financial advice, study, exercise yourself, put into question your reasoning. Well, strive to be a better trader tomorrow than we are today. All the Best from the Crypto Space Alteroc AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai twitter.com
BITFINEX:BTCUSD
by Alteroc
2