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Btcusdsell

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
BITFINEX:BTCUSDShort
by farhadjafarov7
12
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
BITFINEX:BTCUSDShort
by farhadjafarov7
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. - - John Wood. "Successful"-Trading!
BITFINEX:BTCUSD
by jwhappy
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.
BITFINEX:BTCUSDLong
by Coin_Analyst
BTC:USD DAILY UPDATE (day 142)Yesterday’s analysis/position: Closed long at $7575 and opened shorts from $7,348 - $7,397 due to the resistance cluster from the triangle, the 128 day MA, the Ichimoku Cloud, the Bollinger Bands, established horizontal resistance and a perfected sell setup on the TD' Sequential. Price being +14%, and longs paying shorts on Bitmex provided great confirmation. Patterns: Retesting bottom of triangle. Horizontal support and resistance: R: $7,600 S: $7,300 BTCUSDSHORTS: Continue to pull back as the price consolidates. Once shorts pick back up then price is expected to pull back. Funding Rates: Longs pay shorts 0.01% 12 & 26 EMA’s (calculate % difference): 12: +8.65% 26: +10.65% recent bullish cross on daily 50 & 128 MA’s: 50: +9.97% 128: -2.95% FIB’s: 0.236 = $5,817 0.382 = $8,476 Candlestick analysis: Shooting star yesterday, doji forming today. Ichimoku Cloud: Posturing for TK cross. Resisting cloud, supporting above Kijun. Tenkan and Kijun still angling downward on 3d (not posturing for bullish cross) TD' Sequential: Green 4 on the daily. Green 2 above a green 1 on the 3d. Green 1 following red 9 on the weekly. Visible Range: Largest resistance: $7,300 - $7,500 and from $8,000 - $9,000. Largest support $6,775 BTC Price Spreadsheet: +19.59% over last week. Bollinger Bands: Weekly starting to tighten. MA is apart of resistance cluster. Daily candle closed outside of the top band for the first time since 12-8-2017 Trendline: Coming from triangle Daily Trend: Bullish for 6 days Fractals: DOWN: $6,075 UP: $7,751 On Balance Volume: Bit of a bull div. Price would need to be > $7,750 to correspond w volume Buy/Sell Sentiment on Trading View: RSI: 67.1 Stoch: 87.6 Summery: BUY (counter trade) Summary: Feeling very good about my short position and am considering adding to it today. Reversal candles at resistance cluster is a very good sign for the bears. Stop loss is set at $7,816 and there are two profit targets. If you like batting for average then $6,200 is the target. If you like hitting for power then I am projecting a $4,250 bottom on or around 8/30/18.
BITSTAMP:BTCUSDShort
by Sawcruhteez
1
Bitcoin (BTCUSD) 1hr chart patternThe 1hr tf of Bitcoin (BTCUSD) is shown here to provide a summary for price action and trading bias. The numbers on the chart are discussed below: (1) This is the major trendline in Bitcoin (BTCUSD) drawn from price peak at ~$18,960. The trendline as shown here is currently active and any long position would be safer on a breakout to the upside of the trendline and price closing above either $6,863 or $7,731 (more conservative). (2) Price action from June 30, 2018 till date is captured in this analysis by a head and shoulders top (bearish) pattern, albeit not 100% of the time. As shown in the chart, the pattern did confirm by price closing below the neckline at ~$6257.90. Pattern failure will occur if price closes above the head of the pattern which is ~$6579.30. (3) The relative strength index (RSI) as shown here is already oversold so it is perhaps best to wait for a confirmation in order to get into a potential short position. Further bearish momentum is anticipated to encounter support (not shown in the chart) between ~$5449.20 and $4839.30. As stated above, the trading bias that this analysis favors is a short (sell) bias for Bitcoin (BTCUSD).
BITFINEX:BTCUSDShort
by Coin_Analyst
BTCUSD - SETUP - WEEKLY CONTINUATION - 12 JUNEWELCOME TO DACAPITAL TRADING!! BTCUSD just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Strong bearish close below previous week low indicating sellers pressure DAILY Market taking out buyers overall, psychology is killing all the players which jump out of the Market in every timeframe WEEKLY Market still falling in every timeframe but considering, we gonna see upside movement shortly LEVELS SHORT @ 6519.02 SL @ 6799.06 TP1 @ 6238.00 TP2 @ 6101.51 TP3 @ 5957.47 Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.! Enjoy our limited Free Content and Setups, leave us a like and Comment!! DACAPITAL TRADING
BITSTAMP:BTCUSDShort
by DACapitalTrading
13
The downfall of BTCUSD Hey Guys, Since i've been a hodler of crypto, i can't help myself but to accept the reality that BTCUSD is headed for another correction. As you can see in the 4H TF, BTCUSD had a pullback moment at the level of 0.382 followed by a downfall. Hence, I believe we can short this trade to the previous lowest point at 6042 and observe for the next trend. T/P at 6042 S/L at 9847 R:R 1.7 Please don't trade more than 2u% of your capital Hope you earn some profit out of this trade Cheers!
BITFINEX:BTCUSDShort
by jtanum
BTCUSD Coinbase Price Downtrend EvolutionAfter the 10K support line been broken, BTCUSD is following the logical and natural trajectory down to more appropriate pricing levels compared with the other alt-coins and the evolution of Blockchain. The professionals, regulators and analysts are now more aware of what Bitcoin is and they already realized its price was following a manipulative and bad speculative trend. 2018 is already an year that people getting into the crypto world will be more protected against the evil market speculators. Bitcoin failed to become the safest and strongest economic asset and there will probably be others ascending with a more decentralized, fast, cheap and accessible for adoption among real businesses. Bitcoin failed to keep its position there due to already expected flaws in the applied concept and obsolete of mining and energy consumption. Before it gets to the bottom and it gives opportunities to other ideas, many events should happen, specially by fighting against the interest of huge groups that made tons of money in its boom. But the descend has already started and its easily seen by using technical analysis. Keep following up this idea here where I intend to post more in the comments below according to the evolution of all this.
COINBASE:BTCUSDShort
by agbarbosa
1