Bitcoin: BTCUSD Next Key Trade Points for Sunday TradesBitcoin Trade Points for Sunday Trades
Update: Bitfinex Feed 12:27gmt/07:27est
Bitcoin is really trying to break the downtrend here - a bear
engulfing green ...can buy or add once it's broken through to
upside if we see it.
It's tracking a narrow corridor/band of uncertainty right now,
trying to figure out he next move - cannot be trusted for sure
as a result but it looks to be trying for the upside now, at least.
Use a stop and try to run it up if possible if this break does
actually materialise from here - it may not be possible except
in head, but watch for a failed break - this time last week in
10 minutes'time we got an amazing burst upwards if you
remember...
It's Bitcoin - anything can happen anytime. That's half the fun,
isn't it ?
Downside potential still as comments above
Sunday 10:32 gmt/05:32est Update
Bitcoin Sunday
Although Saturday was a slow day again we did at least manage to squeeze 310 points on the first short and then 200
or so on the counter-rally long before getting stopped out. Overnight Bitcoin has fallen to the next downside target at
7547 making a new low for this decline at 7550.
If you were up and around for that move too then you've had
a very profitable Saturday. Some people still have to work for a living...whilst others play Bitcoin.
Those with long memories will know that 7547 was the most likely downside target mentioned back in the mists of time,
nearly 2 weeks ago now. But the overall pattern is still bearish nonetheless.
If you reversed back long at 7550 you have traded brilliantly and don't need much help or much guidance here any more.
But the rally from the downside target has been feeble so far and if long here you'll know already that this is still high risk
(but still the right trade as the stop can be very close to entry, just 20 or so under 7550 entry, so low risk but
potentially high reward). It can easily come back to the low again at 7550 but it has to hold up here for any failure to do
so at any point today by more than 20 points will flip Bitcoin back to negative yet again and force it lower, most likely to
the next support line at 7221 and then, once this gives way, back to 5915 on Bitstamp where we will probably look to buy
again if price action allows.
Returning to the upside Bitcoin is tracking within a small
parallel and cannot be bought again from here unless it is broken above - and only then for a spurt back to the bigger
dynamic waiting above it at around the 8079 level. As things currently stand this level is the key to the upside for Bitcoin
over the more medium term. It has to break and hold above here for the bulls to regain any real control. Once again, even
if that looks unlikely right now, we still have to be prepared for any eventuality. It's Bitcoin, after all.
BTCUSD-TRADE
BTC - Decision Time! We have been bouncing off of my midterm Bullish trend line for the past couple weeks now. Couple things I am watching for at this point where we are looking for BTC to make uop its mind about where it wants to go.
For Bullish movement I am looking for a couple bullish candle closings positive of the resistance trend line that has been set and not broken for the last couple weeks. We may move down to 10500 area once more before we see what BTC wants to do, however, we are seeing semi-strong support at 11000.
Entry point ideally 10600-11200 with a reassessment at 14000 of bullish momentum. I will take partial positions out as I watch this trade progress.
For bearish movement I am looking for bearish candle closings below the midterm trend line. I am not looking to trade this as we have been bouncing off of the trend line, we could see price go back the linear regression line or through it so 9000 area or lower. Looking for a possible set up for a trade here if that happens.
Let me know your thoughts. Keep an eye on price action this weekend. Looking for movement once way or the other.
Maybe Bitcoin will up in the next timeI think bitcoin will up in the next few days . If have a few good news . Maybe bitcoin will up soon .
Now Bitcoin can move around 9800 - 10200 . IF BTC haven't crash down 9800. We can hope Bitcoin and altcoin go up slow.
First Btc will go up 11200 then 14600 .
Don't worry.
Thanks
Short Term BTC - Back down to 10k, and off to the racesAfter a breakdown out of a rising wedge this morning, we'll get a move back up to retest the previous support (and also the MAs in that area), after which we will head back down to around 10k.
This will give us a higher low however, and I think it might be the last time to fill up your baegs before BTC never sees 10k again.
^ maybe slightly kidding.
ADABTC - ADA Elliot Wave Complete, Ready To Impulse (OVERSOLD)Hi, this is Rafael, from CryptoTwins.
This is my view on Cardano (ADA).
ADA Chart has just finished an Elliot Waves pattern and may be preparing for another Impulse Wave.
Also, RSI is showing Oversold and Stoch RSI perfectly spotted.
It's sitting on a support zone begging to bounce at anytime.
Buy-Zone: From 4800 up to 5200 Satoshis.
Targets:
1st - 6000 Satoshis
2nd - 6800 Satoshis
3rd - 7650 Satoshis
4th - 9100 Satoshis.
Stop-Loss: Below 4700 Satoshis.
This is a mid-long term view, ALL Targets may hit in the next days. Cardano is a good project to a long term investment on our view.
Best Regards,
Rafa.
t.me - The Best Educated Trading Signals
Bitcoin:BTCUSD Trying to make a break for the upside: Trigger Bitcoin Potential Trade set-up for day traders and momentum traders:
If it breaks above big resistance at 7151 and can hold for just
a few minutes, it will move quickly up to the upper parallel
and then come off again. a good trade with stops under 7060
if triggered. Until it can achieve this it's till vulnerable to
further profit taking.