Btcusdsell
CRYPTO: BTCUSD - TREND - 11. DEZ. 2018WELCOME TO DACAPITAL-TRADING!
BTCUSD FOREX BREAKDOWN 11 DEZEMBER 2018
1 HOUR
Bearish break below yesterdays low indicating sellers strength
4 HOUR
Bullish pullback and sellers takeout, getting more buyers into the market before heading further down
DAILY
Overall bearish trend and movement, following this one!
LEVELS
(Follow the Trend and move sl every day!)
SELL BTCUSD
ENTRY @ 3473.00
SL @ 3714.5 (6.8%)
TP @ Open (Around 14%)
RR: 2.00
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BTCUSD in progress Hi.
Finally, we experience some price movements. The problem area for the price is mark with triangle between 6473.0 and 6586.0 levels. Those are 50% of the last two swings as per W. D. Gann they extremely important.
If price will break through blue TL, then should be smooth sailing or rather smooth flight.
Cheers,
Jim
BTCUSD Hi,
Last analysis was based on daily chart with strange swings behavior. Tonight, we are on H4 chart. Red vertical line was marked on previous published idea’s – represents projected reversal and as you can see reversal shows up on next candlestick after red vertical line. Momentum start building up to the upper side. Price slowly rising just cross blue TL and remain on higher part of the green candle.
We should expect to reach target in the zone between 6634.0 and 6764.0.
Cheers,
Jim
Bitcoin Welcome to the Bear Market!Hello guys,
In my last charts about Bitcoin I have been talking about a dump or a retracement wave coming and in most cases I saw that I was being laughed at or counter argued in the trader community but one thing I learned from trading is if you have a strategy which works for you stop listening to others as that will cause more confusion then help
So if to look at my previous trades, you can see that I have been talking about a rising wedge reversal and a bearish divergence on EWO which is my king indicator for catching reversals(up/down). So now that we started retracing we should look for re-entry in the market as we all know Bitcoin is the king of crypto market so Bitcoin will never be dead and let all of us live a long life and we will see Bitcoin as king of all currencies!
So more of TA now, EWO is showing a big red wave with a bearish divergence building up is a strong sign of a bear market coming + 1d STOCH overbought and 1h stoch was sticking overbought for too long all the way through the bull market so we should expect the same now when we are in bear market, I would say 1h STOCH is a good sign to play small time volatility and might be good for finding the next wave up if we already know that we are in a bull run or a bear market. Also my advice would be not to only use indicators but also use patterns and only believe that the trade is active if your patterns are approved by the indicators you use(which are best for you as trading is quite subjective to person), in other words patterns approved by your strategy.
For this dump my first support was the green line draw which was 6.5-6.6k area which we broke as I was writing this so we don't buy when we reach our support but we buy on the bounce which is the key to being a turtle in the market ;) So now we bounced off 6.3 area which I think is a small bounce and this retrace will actually be bigger than I though as wave 1 only took us down from 7.3 area to 6.3 so wave 2 will be the bounce and wave 3 will be the biggest impulse so my thoughts on having a higher low has flipped now and we should sit back and wait for the next wave down and see what type of reversal we are building and where this reversal will end.
Good Luck, Traders! #moon #mooncommunity #turtlestyletrading ;)
Be a turtle my friend © Farhad Jafarov
Bitcoin Mixed Signals, Time to be a Turtle!Well since the start of this cycle I have been bullish but now I can see that with the drop from 7.1k area we are starting to get a bearish signals from our indicators also what I can see from my chart is that we have backward reversal building up as the angles of each pump are becoming smaller which means the pump impulses are weaker which indicates that there is a bear market coming. However on some timeframes we have bullish signals such as 1w and 4h we have mixed signals, so we are going to do what we do the best we are going to become a turtle and go tether or USDT now and wait for the price action to decided now but I believe more in bearish action now than bullish action so I will definitely become a turtle now and that is I think the best decision when the market is not decisive ;)
Good Luck, Traders! #moon #mooncommunity
BTCUSD: 2 Amazing Profitable Trades From This Rising WedgeH4: As soon as COINBASE:BTCUSD hits the box and closes below the Rising Wedge, run for your positions !
Just kidding. Place your positions accordingly to your trading plan.
Targets
First Take Profit: 6648.8
If the market closes below this area, look for re-investing your profits.
Second Take Profit: 6468.0
From here, it is time to secure your profits and wait for another clear signal.
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- John Wood.
"Successful"-Trading!
Bitcoin (BTCUSD): 3 key info. to keep in mindThe 4 hour timeframe of Bitcoin (BTCUSD) is shown in this analysis and commentary is provided below based on the numbers marked on the chart in an ascending order.
(1) Bitcoin bullish price channel that arose from a Head and shoulders bottom (inverted Head and shoulders) pattern that confirmed after price close above ~$6,869.60.
The implication of the Head and shoulder pattern based on price projection has run its course leaving the current bullish channel in Bitcoin (BTCUSD).
Also adding to the current bullish scenario is the break above the long term bearish trendline with price action establishing higher highs and higher lows.
(2) ~$7,554.80 and $7,296.60 indicate support region for Bitcoin (BTCUSD) with price reaching the top of the channel at ~$8,500.10. The horizontal support region is well within the bottom of the channel, which increases the chance of a possible sell off that should target the support region as mentioned above. Price reaching and consolidating around support implies higher price that should see Bitcoin move above $8,500.
(3) The green line marked on the price chart and on the RSI indicates a bearish divergence which suggests also that the current bullish momentum has run out. It is therefore better to have momentum confirm the resumption of the bullish trend before establishing long (buy) positions.