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Btcusdtrade

BTCUSD: Top-Down AnalysisHey trader, Bitcoin has been behaving dramatically lately. It dropped from around $21,500 to $15,588.20 this week. Can't imagine how other investors are feeling right now... For active traders, it's a different story. Because we can exploit long-term and short-term biases, like how we can now. As you can see on the chart above the price is slowly forming a bullish reversal pattern that will lead to a 3-level uptrend, after its price has bullishly broken and retested the 3rd Weekly Key Lvl together with the 50 and 8 MAs. However, it may reject that bias by bearish breaking and closing below the 4H Half a Bat Neckline. This trade idea isn't derived from only this timeframe but from the 4-hour and daily timeframes. Let us move upwards to the 4-hour timeframe: As you can see the price recently closed with a bullish reversal candle pattern in the half a bat patterns accumulation phase and in between the short-term MA's. This pattern expects an uptrend to its L1 and 50 MA as the first targets, which will be anticipated after the price has bearishly retested the 8 MA with a bullish candle formation. But if the price decides to bearish break and closes below the 8 MA and 4H Half a Bat Neckline, our bias will be rejected. Now we move up to the daily, which is the main timeframe that led to this trade idea: The price closed with a bullish reversal candle pattern in the half a bats accumulation phase, after bearish breaking without retesting the pattern's neckline, together with the 50 and short-term MA's. So having the price closed as it did, gives us a probability of the uptrend we're looking to hop on. But this will be rejected by a bearish reversal candle close below the 3rd Weekly Key Lvl. With that said, take your trade at your own risk. This is not financial advice. I'm just sharing my point of view with you guys (which you can also do). That's it for today. If you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts! Trade Safe & Stay Blessed, Sphatrades.
BITFINEX:BTCUSDLong
by Doji-2k1
6
#BTC UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC Update BTC is trading inside this ascending channel pattern and is currently at the lower support of this channel we also have 50 MA and 19.6k as local support. if BTC hold this support then we can see some bounce but in case BTC breaks down this channel then we will drop towards the next support which is the 18k level. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
2
#BTC breakout this bullish flag pattern!! Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC Update BTC breakout this bullish flag pattern and currently it looks like it is retesting this flag pattern we may see some good bounce if it retests successfully. We have 21k as support that BTC needs to hold 22.5k as resistance and 21.5 as local resistance This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
4
#BTC UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC Update BTC breakout this local support which is around the $20300 level and currently BTC facing 100 ma as resistance if we break out this 100 ma resistance and closer the daily candle above it then the price of BTC may rise to 24.7K$. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
1
#BTC breakout this Descending triangle pattern!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC Update BTC breakout the descending triangle and retesting above it. The volume is very low in this breakout. MA50 is also acting as a resistance. Still, the price is in a contraction phase. A move above the local resistance of $20,500 with a high volume will confirm a decent bullish rally in the market. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
5
Will BTC continue the downward movement?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC Update #BTC is trading inside this descending channel, and as long as BTC trades inside the descending channel till that BTC will keep falling, To change the trend reversal BTC needs to break out of this channel. BTC is forming this descending triangle pattern since 145D, as we know this is a bearish pattern, but to conform to any move we need a breakout or breakdown of this pattern. Support:- 18700$ TO 19000 Resistance:- $20300,$21500,22500 This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
by CRYPTOMOJO_TA
13
#Bitcoin Current Update ( Daily Time Frame ) Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC Update #BTC is trading inside this descending channel, as long as BTC trades inside the descending channel till that BTC will keep falling, To change the trend reversal ETH needs to break out of this channel. Support:- 18700$ TO 19000 Resistance:- $20300,$21500,22500 This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
by CRYPTOMOJO_TA
2
#BTC is at local support!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. BTC UPDATE BTC breaks t this ascending triangle pattern currently it is at the local support IMO BTC will bounce from here and retest $19.5k but in case any candle closes below this local support then it will drop towards the lower support which is around 18k. Stay tuned and don’t forget to like this chart. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
by CRYPTOMOJO_TA
8
#BTC broke the support but DO NOT PANIC, Here's Why!BITCOIN has breached the MA. There's a high probability of seeing BTC around $18.3k but there would be no reason to panic if you are here for the long term. The dip will merely be a buying opportunity. I will be buying BTC at these lower levels. I've added some today around the CMP. FOR FUTURES TRADERS:- For leverage trading, it's better to stay aside for now. This bland PA will only make you lose money if you don't use SL. If you are good at it, you know you can only play with 3-4% moves and get in and out in a few hours, not holding for long. It is stressful and risky so better to stay away if you are new. CONCLUSION:- The market sentiment is just like when BTC was trading below $6000. Most common folks were out at the same time. Remember this Idea, I do not recommend you sell or short here. This is the best time to start accumulating. THE MARKET WILL SURPRISE YOU ANYTIME SOON. It may be a couple of months but it's better to start accumulating BTC. Am not sure about ALTCOINS but BTC yes! So Do your own research and if you find it right, keep accumulating and wait for the right time. I will be sharing more clarity on my stand soon. So stay tuned and follow me. Do your own research, This is not financial advice. Do hit the like button if you like my work and share your views in the comment section. THANK YOU #PEACE
by Cryptorphic
15
#BTC is at support, What's next? Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. BTC UPDATE BTC is still playing into this ascending triangle pattern currently it is at the lower support of this pattern IMO BTC will bounce from here but in case any candle closes below this lower support of this pattern then the chart will be invalid and then it will drop towards the lower support which is around 18k. Stay tuned and don’t forget to like this chart. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
6
#BTC is still trading in this ascending triangle pattern!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. BTC UPDATE BTC is still playing into this ascending triangle pattern currently it is at the lower support of this pattern IMO BTC will bounce from here but in case any candle closes below this lower support of this pattern then the chart will be invalid. Stay tuned and don’t forget to like this chart. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
4
#BTC is forming this ascending triangle pattern!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. BTC UPDATE BTC is making this ascending triangle pattern currently it is at the upper resistance of this pattern IMO we may drop one more time to the lower support of this pattern and then we can expect some good bounce. We do confirm this pattern we need a conform breakout and retest of this pattern then we can expect a 12% bounce according to the pattern. Stay tuned and don’t forget to like this chart. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
2
#BTC UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC/USDT ANALYSIS BTC is on the verge of a long-descending trendline. MACD crossover appears to be bullish. RSI is indicating bullish divergence. 2017 bull run high is acting as key support. October is generally a bullish month, yet the most significant is an effective breakout to look for the bullish affirmation. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
5