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Bitcoin - H4 outlookGood week everyone, H4 outlook for btc. As we can see btc is one more time approaching resistance level (orange) and it'll try to break it again. Bullish confluences: - Low volume on selling waves (check indicator), looks like there is no interest selling right now - Thats candle spikes (like the balloon demarcated one) are definetly killing some bulls stop losses, whales are eating them and this is bullish behaviour. - Ascending trendline already confirmed, touched more than 2 times. Bearish confluences: - Small rsi bearish divergence, no big deal IMO - We are closing WEEKLY resistance (check related idea) Strategy: either wait another touch on trendline and scalp aiming resistance or wait for a good breakout with reasonable volume (not huge, just above average) above resistance and aim previous resistances at 4600-4800 zone. This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
BITFINEX:BTCUSD
by MarcelMartins
BITCOIN - Stop losses activated. Good day everyone, Lets look at BTC chart on multiple time frames. -Weekly we are bearish, huge descending trendline yet to be tested again, and the recent uptrend volume is slowly decreasing, not good! We have a huge resistance at the indicated level ~4250 zone and im not long anytime until this level is broken with good volume (good volume is slighty above average volume and not huge huge volume like the H4 red candle) - Daily timeframe on the other hand looks good, volume is increasing and the low volume on the red bar say there is not to much interest on selling right now, and therefore the crowd is turining bullish and from HERE we can go to H4 chart.. - H4 we see this HUGE VOLUME red candle, what does this HUGE volume mean? Whale activity, what do they want? To get bulls rekt by killing their stop losses under 4000 usd level (check chart) , most of the people who are long would put their s.l just there, everybook says "put your s.l under the previous low", and whales of course know that very well =) Now its time to wait and see BTC behaviour after this whale activity, IF we start to get increasing volume on upwave bars therefore we can expect btc will surely try to break up 4250usd level and target 4800 and 5900 level. But before these targets we have the weekly decending trendline so be careful and use proper money maganement =) This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
BITFINEX:BTCUSD
by MarcelMartins
Strong bearish momentum on BitcoinBitcoin is reaching one of the most important resistances that it has, this resistance has been maintained since the beginning of 2018. Most plausible scenario: Bitcoin bounces downward looking for levels of $ 3,500. This is the most probable scenario because overall Bitcoin is still bearish, and I will change my mind once I see signs of the opposite. Alternative scenario: Bitcoin breaks resistance with strength and continues to maintain an upward trend. But attentive to the weekly chart that shows a moving average (25) very close to the current price that will very likely be a strong resistance as well. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Slowly adding sell positions in the above blue zone is what I will be doing these upcoming days, if Bitcoin surpassed that resistance it would mean the start of a bullish momentum so we must look carefully what the market has prepared for Bitcoin. I will be replying every comment, so feel free to publish here your own analysis or ask any questions.
BITFINEX:BTCUSDShort
by sickgains
BITCOIN: CHANCES DE INMINENTE DERRUMBE, NUEVOS MIN DE CORRECCIONFOREXCOM:BTCUSD LA MAYOR DE LAS CRIPTOMONEDAS SIGUE DESARROLLANDO UN CUADRO DE VULNERABILIDAD DE MEDIANO PLAZO, PRODUCTO DEL CICLO ASCENDENTE DEL DOLAR A NIVEL GLOBAL, POR EL CUAL SE HA DESARROLLADO EL CRASH CICLICO DE MONEDAS EMERGENTES Y MERCADOS BURSATILES. SEGUN EL CONTEO OPTIMO DESDE QUE SE IMPLEMENTARAN LA OPERATORIA DE FUTUROS Y QUE PONDRIA FIN AL CICLO ALCISTA, ESTARIAMOS CON CHANCES DE DESARROLLAR UN NUEVO DERRUMBE HACIA EL NIVEL DE SOPORTE DE 1850 DOLARES. (POSIBLE INTENTO DE FIN DE CORRECCION, PERO DE EXTREMA VULNERABILIDAD) MANTENGO TARGET OPTIMO IDEAL DE 1150 / 980 COMO NIVEL DE FIN CORRECCION LANZADO HACE UN AÑO ATRAS.
BITSTAMP:BTCUSD
by compa1968
BULLS VS BEARS!! JAJA THE POINTI have time talking about this, remember that I said that we would not have an uptrend until we broke the 6660 level. Right now we are in a place called RANGE. which is a period of consolidation either to change the trend or simply follow it. However, according to the analysis that I have from the BTC, it indicates that we will continue lower instead of breaking bullish, at least we have 85% to follow the downward trend at this precise moment. right now I am a bear, personally I will go short protecting myself at that level 6660, with massive purchase order above that level, it's just a matter of waiting and that my magic makes me earn money! remember that I am the best, the wizard, the wolf and matchless.
BITSTAMP:BTCUSD
by OzzyMaster
2
Ethereum update - Fractal taking place - Uptrend imminentHello traders, Been in the crypto space for already 7 months and i feel the learning curve is finally giving its rewards. Been working on this one together with jfiedler using elliot waves with yesterday after catching the last drop. BITFINEX:ETHUSD is reproducing the last fractal in a higher scale, right now we are in the final ABC before a possible move up to the 505 - 515 range wich should hapen this afternoon/evening. You can see also de MACD is moving to the upside. If you decide to jump in be sure to sell when the upside is done, will be posting more updates on catching wave low point and selling tops. I am personally bullish on this one, as you usual this is a personal opinion and i am not advising to buy any digital asset, just my opinion. Cheers, Roberto
BITFINEX:ETHUSDLong
by rlpz
4
BTCUSD 240 min. Update. The downtrend might not be finalized yetThis is an update of my BTCUSD Idea which I posted 14 of March 2018. I expected to see a bit sharper down movement similar to what happened with ETHUSD but the market always has its own reasons. In any case, I would keep this updated scenario as the main one with an expectation to see a new low. P.S. Please do not be confused. This is not pure Elliott Wave Analysis. This analysis is based on my fork of Elliot theory. The simplified concept of this fork is published here: plus.google.com
BITFINEX:BTCUSDShort
by szozulya