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Btcusdsell

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
Bitcoin has made a pullback to our selling entry, remain bearishSell below 11786. Stop loss at 13109. Take profit at 9328. Reason for the trading strategy (fundamentally): There hasn’t been positive news nor negative news on Bitcoin recently with the latest one being Goldman Sachs CEO denying that they were going to launch their own bitcoin trading desk. We’re seeing a bit of a squeeze around the 11,600 range area and when such a squeeze happens, the next major news would usually cause a very volatile price reaction. Reason for the trading strategy (technically): Price is making its pullback to our long term descending resistance line and also major resistance at 11786 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to at least 9328 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.
BITFINEX:BTCUSDShort
by MEX_Exchange
3
Bitcoin profit target reached, prepare for another bounceBuy above 14126. Stop loss at 13247. Take profit at 15391. Reason for the trading strategy (fundamentally): Bitcoin has been dropping strongly largely due to an SEC pushback that has led to several ETF proposals being withdrawn. There were several firms which were looking to list ETFs tied to bitcoin but the SEC “expressed concerns regarding the liquidity and valuation of the underlying instruments”. This has shaken the confidence of bitcoin investors which has led to the recent decline. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly below dropping down once again as expected. We look to buy above major support at 14126 (Fibonacci retracement, horizontal overlap support, bullish divergence) for a bounce up to at least 15391 resistance (Fibonacci retracement, horizontal overlap resistance). RSI (34) sees strong bullish divergence vs price and is a good signal that we’ll be seeing a strong bounce from here.
BITSTAMP:BTCUSDLong
by MEX_Exchange
9
CRYPTO : BTCUSD LONGTERM SHORT BASED ON H&S + ABC CORRECTION !!We've got a Head & Shoulders pattern completed (it is cleaner on the H4 but I've charted on daily to show the ABC correction as well). Our first target will be $8k and second target is $5k. Stops would be above the $17k psychological resistance level. Now that we've broken the neckline, I would expect a retest of the neckline as previous support and should now hold as resistance. This would complete the B-leg and from there a deep correction back to $5k-8k. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.
BITSTAMP:BTCUSDShort
by AEFX786
9