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Buythedip

BTC Update! Bear flag break and strong dip buying!Leaving same 4 hour chart from yesterday here and if you actually zoom in on smaller time frame (5-15 minutes) it is much clearer. But yesterday we were watching for a potential bear flag as well as watching our 12 EMA serve as resistance. The bears made an initial bear break but overall was fairly weak and a fairly quick recovery by the bulls to buy things back up. Bulls were again rejected by the 12 EMA tho and then the real bear break began where the bears crashed through some prior lows. Bulls did give an extremely strong buying of the dip and this bear break lasted all of 5-10 minutes going down to $3425 before rebounding. Bulls made a decent attempt here to break to a new high for the past 48 hours and go ahead of 12 EMA and tried to get ahead of 26 EMA as well. Currently bears have stepped back in but bulls fighting to maintain 12 EMA as support here which would be great news if they managed to pull that off. Zooming out towards daily and bulls have anything under $3766 is just another lower high. $3425 is currently our lower low on the daily as the bears seek to stair step the price action back down towards $3k. While I am not excited to jump into a bullish position, I am happy to see the bulls not just rolling over and letting the bears take full control. Bulls are stepping in to buy these dips but if they continue to only set lower highs and then lower lows on our daily, it just becomes a matter of time before the bears make their big push. So stay cautious, if anyone played the dip buy early this morning, it gave a nice 4-4.5% return in minutes. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
NASDAQ play update: 5.8k-6.5k? shortterm bull $nq1! $ndx $tqqqIt's late so I'm throwing this up quickly before market open. I'll update it later. My last chart worked out perfectly, we bounced off of a 0.5 retracement from 3.9k in early febuary 2016. I think we have at least 1-2 more days of upside on NASDAQ. My zones are defined on the chart. We bounced exactly on my teal support zone as predicted in my last Nasdaq chart, and I sold off some 12/28 TQQQ contracts at 3:55pm near at the height of the bounce. In afterhours we're currently Bull flagging, probably getting to the .236 fib retracement around 6150. I'll be going long in the morning in anticipation of further upside, but I have a strong main objective to get a good short position on 1 of the indexes after this short squeeze rally. NASDAQ has been the hardest to push down during the past months, and it clearly bounced the highest yesterday 12/26. So I may look to the Russel and the S&P to short since they've been more bearish and I believe we have more downside over the next year.
OANDA:NAS100USDLong
by teckno05
3
BTC/USD Possible MovementThe deeper BTC goes, the closer is the next bullrun. However, there are two possible variants that I can see. 1) The Blue One(Most Possible). BTC goes to 4900-5000 zone, where people open a lot of longs, expecting a breakout of the trendline. But it turns out to be fake, and we fall again to 3600-3850 zone. 2) The Red One(Alternative). BTC goes to the 4900-5000 zone, breaks it with high volume and the next TO THE MOON begins. P.s. the time will show, I am in LONG right now, expecting the test of the mentioned zone.
BITFINEX:BTCUSD
by tim23a
2
Trade the Range with BABAAlthough the technicals for BABA seem to be bearish, we don't have a lot of conviction. BABA is trading at $178.49, at the moment. We will find resistance from levels from above including the following: 178.90 from volume profile over the past 14 periods 179.53 from volume profile over the past 14 periods 180.38 from volume profile over the past 14 periods 181.95 from gaps 182.38 from volume profile over the past 14 periods 182.90 from gaps 183.54 from volume profile over the past 14 periods 183.96 from gaps 184.51 from volume profile over the past 30 periods 185.46 from sma 50 Levels from below will provide support, including: 177.00 from gaps 176.20 from gaps 174.79 from gaps 174.20 from gaps 173.85 from gaps 172.41 from gaps 172.05 from gaps 171.29 from gaps 170.77 from gaps 169.85 from gaps Technical analysis for BABA is as follows. Volatility is higher than usual, but still has room to go. The RSI is 48, indicating that we are in a bear trend, but not yet oversold. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. The 50 period SMA indicates that we are in a bear trend. Additionally, BABA is below the 100 period SMA, which indicates a bear trend, but not oversold yet. Finally, the 50 period SMA is below the 100 period SMA, which is a longer term confirmation of bearishness. The ADX does not indicate a trend, i.e. we are ranging.
NYSE:BABA
by quantguy
Bitcoin Pulls Back - Time to Buy the DipFrom 24 June to 24 July, the Bitcoin price increased by almost 50%. That's an impressive move in anyone's books, so it was always likely that the bulls would need to take a breather at some point. Personally, I expected this to come around $7500 mark, but instead the price broke through this level to trade as high as $8500. This move through $7500 was also a break of a head and shoulders pattern as illustrated in the graph with the neckline in pink. However, this initial impulsive move soon ran out of steam and after some sideways action we saw a sharp sell-off back to $7500. As can be seen $7500 is a key level - it was broken after being tested a couple times on the way up and now I expect it to act as support on the way down. Reasons to believe that $7500 will hold as support: - Blue line is a long term trendline which was broken and now acts a support - Pink line is the head & shoulders neckline extended which now acts as support - The 0.382 Fibonacci level is a high probability turning point for a short term correction in a bull run - The RSI is oversold on the 4 hour chart (red circle) indicating that the market is oversold All of these factors are converging in the area highlighted by the green oval. Technically, we remain in a bull trend as long as we hold above this level. Taking this all into account, I have entered into a long trade: Entry - $7500 Stop loss - $7175 (set as a break below the right shoulder) Take profit - $8320 (close to a retest of previous highs) Risk/ reward ratio - 1 : 2.5 A risk/ reward ratio of 1 : 2.5 means that for every $1 I risk in the event I am wrong, I can potentially make $2.5 if I am right. If we break below the right shoulder, then that means that the price has made a lower high and a lower. This signals a continuation of the macro bear trend and invalidates this rally as the start of a new bull market. Don't get caught long if this scenario plays out. Remember that the goal of trading is to minimise your losses when you are wrong and to maximise your gains when you are right. Happy trading!
BITFINEX:BTCUSDLong
by tennant.graeme
16 risk/reward ratio trade for BTC!We are coming to 0.382 fib level of a very strong impulse which can qualify as wave 3.The 0.382 level is the most common level for wave 4 with respect for wave 3. Moreover, there is structural support from previous resistance there which would act as support now. A tight stop loss is advised for the initial buy. We can project the wave 5 target from wave 3 which comes to around the 9000 level region which is almost 20% from where we stand now.
BITSTAMP:BTCUSDLong
by Fediculous
Possible Bear ScenarioPossible scenario I've worked out for XBTUSD where the remaining "weak hands" get shaken out. Many in the community have felt that 5800ish would be the last true "bottom" before where start the new bull run. I feel this analysis fits that narrative pretty well. As shown price appears to be in a channel similar to that of 05/28-06/09 which led to a breakdown of about 16-17% of price; if history were to repeat here we'd have the move down required to reach the price point of ~ $5800. Furthermore with all the bullish news recently regarding Tether, ETC being added to Coinbase (which to me would signal an increase in liquidity and demand for BTC at the very least to be able to purchase and load up on ETC - and even the ETC pump was incredibly lackluster in comparison to pumps we've witnessed when just RUMORS have gone out regarding XRP being added to coinbase) and SEC ruling on Bitcoin & Ethereum not being a security we would have expected a significant increase in price/volume and overall interest in BTC which we clearly have not gotten as of yet - I mean even with the SEC news the most we got was a $250 green candle. I am just not seeing the interest in crypto at the moment that we saw preluding the rallies in 2017 and for these reasons I am biased to believe that we have one more drop, one more chance to "BTFD" before we embark on the epic run everyone is awaiting.
BITMEX:BTCUSD.PShort
by jmora2286
1:3 Risk / Reward SetupUS equities corrected the April swing to the upside during the past few days. Some followthrough of this correction would result in a better S&P Elliott wave fit. However, this is not required. The most important equity index worldwide may carry straight on from yesterday's low to the upside. The swing from last week's high, minute wave i(circle), into yesterday's low counts as a 3-wave pullback already. What action makes an immediate rally likely (black count)? The S&P 500 is likely to follow the black count if 2683 is crossed to the upside. That action leaves a 3-wave pattern on the chart from last weeks high. The trade triggers if 2683 crosses again to the upside. S/L 2658 (yesterday's low) Target: 2750 Good luck here as well! PS: Don't forget to like & follow us. We are fairly new here on Tradingview but our ideas amounted to more than 250% return in just 4 Months. Check them out!
SP:SPXLong
by sciencei
BTC/USD - Why Weekly Levels Are Important Hey guys... been a few day since doing a video, so I thought I would highlight why I believe being mindful of weekly levels are extremely important to your trading plan. While I think indicators can be useful, personally, i'm trying more and more to minimize their use and stick to price action along and limit the amount of time spent in the charts. As I have mentioned before, the more and more time i spend in the charts the more i start to see what i want to see and that is not a good thing. I hope you enjoyed the video, give me a like and leave me your thoughts!
COINBASE:BTCUSDLong
by Crypto_Sid
2