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Btctether

Bitcoin Cheshire price growthGreetings from Benice team! Bitcoin's price increase impresses with its ability to appear and disappear at the most unpredictable moment, leaving only a smile or disappointment behind. Currently, the market has turned green, and this is good news. The current situation is as follows: The SEC postponed the decision on the ETF's fate for an indefinite period, which caused a wave of positivity. The market often sets up negative scenarios in advance and plays them out in the opposite direction to the news. So, we see now that the wind of hope has reached the market, and it can be a predecessor of a serious correction from the general 2018 trend. Technically, we'll be able to talk about the reversal of the general trend only after the Bitcoin price settles above 7500. The price of 7200 may be the goal of the current impulse move. This level is a cross-target of several patterns. The 200-period moving average and the 22-period upper Bollinger line are situated at this level. At the same time, the 50-day moving average has already been crossed. The boundary of the descending channel also passes through this level, and a break thereto is very probable, especially since it does not contradict the global descending movement, and even, on the contrary, it will complete the picture pegging the boundary of the channel. Let's hope for the best, but we need to be prepared for the worst. This scenario assumes a breakdown from the boundary of the descending channel and a further dip to the main support levels. These are 5800, 5380 and, if it comes to the worst, 4800. Those who are in a long position, are recommended to place stop losses based on 4-hour chart low. We regularly update recommendations on this tool under the review. Subscribe and follow updates of the idea.
BITFINEX:BTCUSDLong
by benice_trader
A long-term trading opportunity to buy in BTCUSDT. Wait to hunt!Technical analysis: BITCOIN/TETHER is in a Range bound and Beginning of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 59. Trading suggestion: There is possibility of temporary retracement to suggested support zone (7875 to 6048), if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (7875) Ending of entry zone (6048) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , 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 special version of our "Price Action" strategy FOLLOW our lessons: (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!) Take Profits: TP1= @ 9053 TP2= @ 11149 TP3= @ 12688 TP4= @ 17160 TP5= @ 19850 TP6= Free
Long
by ForecastCity
4
Buying First 20% of Long Position at 8900Looking at a smaller time frame now as I try to find my next entry. As I said in my last 2 ideas, I think price can go lower in this pullback, but I don't want to miss the next rally. I'm going to take a small long position at 8900. Entering very slowly, just 1/5 of my desired position. I will buy another 20% each $1000 lower. 7900, 6900, etc. If price turns up at 8900 (i don't think it will), I will buy more with different entry criteria. Before I enter this trade i want to see the stochastics oversold and crossing upward on the 60min chart. Why do I believe that we'll find a higher low: 1. I think there was capitulation at the 6k level. 2. I think we just had wave a of 5 (elliottwave) and I want in on the c wave as it will likely be the strongest of this move. 3. I think btcusd is ultimately going higher.
BITFINEX:BTCUSDLong
by x12g
3