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TRX running out of steemTRX has seen some massive gains on the news of the new bittorrent blockchain. I do think we could see some further upside along with BTC climbing a bit but i do not think it will be to much of a surge and i will be adding to my short position then. RSI Divergence is just too strong to ignore. My gameplan is: Open short: 650 sats Targets set according to Fib retracement Target 1: 580-600 Target 2: 520-510 Target 3: 480-500 Drop a like if you want ;)
Short
by ForAllCrypto
3
Bitcoin testing supply zoneBitcoin is testing the higher time frame supply zone shaded in light blue. Price tends to touch these areas and fall away sharply and should keep a temporary lid on further buying interest for now. The rising wedge pattern is completing near this area as well. This is a bearish pattern . However, there is always the risk it can pop out the top first before a drop. I'm still expecting price to drop and test the 38.2% Fib retracement as per my rules for trading a rising wedge pattern that coincides with the RSI bearish divergence. Furthermore, we can also see a head and shoulders pattern forming too. On the flip side, should price move higher it will likely explode straight through the supply zone . Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
BITFINEX:BTCUSDShort
by hedgewithcrypto
1
[May 23 / BITMEX] Bitcoin Trend Analyze $7251/6732 - $7750Sorry guys! I'm being late to upload it. I was super busy to help my friends and had a meeting. So far, it dropped HUGE without any bounce. I already mentioned that BTC market is volatile and weak. Before I start analyzing it, honestly, I thought that $7800 line can support it However, the reality gave me depression. The bear smashed the bull and gonna dropped. I had a hope and that was crashed. Of course, I still made a profit but as I thought that it can be reached at $8130/8180. Anyway, so far I think that we have to be a conservative trader. 7500/7400 line is meaningless. 7300 would support work as the real support line. But my prediction is 7251/6732 for bouncing. Therefore, Long position 7301, 7252, 6733 (x5-10) Short position; if you are an aggressive trader, watch 7300 line and decide If you are not an aggressive trader, close at 74xx Green line is with hope. Red line is too realistic. Believe it or not, it is all up to you Of course, some whale can buy more and more, will shoot to 9000! But, we have to be realistic for surviving between whales. We do not expect they will follow our idea/dream. They do not care about our profit, they just need the wave for making a profit. So guys, this time frame is so tough. But be hope and keep your centre. If you wanna use my signal indicator, we can discuss it If you wanna play margin market, for now, do not go. I do not wanna give any lie to you guys. Just play in coin market. Not in margin market :) Have a great day!
BITMEX:XBTUSD.P
by UVS_FX_Trade
BITCOIN BULL RUN TO $13900 Wave 4 correction complete GET READYHello Guys, I've been a trader for the most part of last year, however I have finally decided to come to TradingView to start sharing my ideas as I feel as though we can all benefit from them. I have titled the Idea as a bull run to 13900 USD. I know, I wont be highlighting why in this chart but I will show you exactly why this number is the magical number that we will hit before an ABC wave correction. and I'm expecting to hit $13900 in June 2018. Expect to see some solid reasoning as to why this number in the very near future :) But first, lets confirm wave correction of wave 4 ($9750 to $8900). Now lets get onto the TA! As you can see, Bitcoin has in the last 2-3 weeks made an epic run from $6700 to $9750. This isn't the end before a large. I have studied the charts of BTC from all the way back to the 2014 Crash ad have made some striking discoveries that I will share later on down the road with you guys. The correction we are experiencing is currently Wave 4 of the larger scale/fractal Elliot Wave. And we are just about to leave it behind to bite the dust in the next day or two. Thanks for checking out the TA, I will see you guys very very soon i promise! - Husky
Long
by Husky2795
1