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Crypotrading

Total Cryptocurrency Market Cap Analysis Yesterday after holding the 136b support and closing above the 3 day range, we finally broke through the 140b level and surged higher. This being the total market cap gives you a sense of what the overall market was doing. Giving no regard to the 145b and 150b minor resistance region, we continued higher and closed above the crucial 160b level. Which ended up 16%+ for the daily session. For now it is difficult to determine the next short term move, after such a dramatic movement. Which is why I usually step back from the charts and let the market breath for a day or 2 before re entering any margin trades. However the medium term bias for the time being is still bullish, especially after a strong close across the board as shown on the total market cap. As long as we remain above the current 160b support level I believe we should see a continuation to the further upside targets at 175b and 188b. However if we do lose the current support I believe a retest lower to the 155b price level is orderly and healthy for higher price discovery. *This is NOT financial advise and intended for educational purposes only*
CRYPTOCAP:TOTALLong
by YMI
BTC Weekly consolidation on its way? Trading Style: Swing trading 4hr/Daily/Weekly Observations: Weekly Chart: Doji at the top of the trend confirmed, by price trading below $3915 increasing the odds of a period of sideways trading or a market pullback in the following weeks. BTC last weekly higher low $3337.87, BTC has grind its way all the way to the exponentials without establishing a new weekly higher low, there's a lot of room to work with.(keep an eye on 200SMA to act a a possible support for a new higher low) Declining bull volume for the past 4 weeks indicating bulls are tired. Seems like the odds are favoring the bears as of now, a weekly pull back to set a new higher low its clearly on the way. There's a clear shift in momentum in the daily and 4hr time frames that strengthen this point of view in my opinion. Daily: Uptrend has been lost currently setting lower highs and lower lows, confirming weekly pullback has begun. Possible H&S formation taking place neckline around $3771 Very weak bounces after pullbacks, bulls not buying the dips aggressively, opening the door for bear flags in the Daily & 4hr time frames, keeping in mind that most likely the EMA12 & 26 will act as resistance if playing this type of bounces, I'll be taking profit as soon as price reaches them. (not currently interested in playing 4hr bear flags) Possible Play: The only trade I am currently interested is the possible H&S pattern on the daily chart, neckline around the $3770 area which also in previous scenarios has played as a clear support/resistance in the 4hr time frame. I'll be looking to scale in my position during 1hr or 4hr oversold RSI levels (around the green box) with a tight stop loss below the neckline, looking to play a quick 2 or 3 day swing. Please keep in mind that H&S like any other pattern don't always break to the downside but rather ''most likely" break to the downside, but unless volume and the charts tell me otherwise I'll keep this as my only clear play at the moment. Disclosure: I am in no way shape of form qualified to give any financial advise, this are simply my ideas and my personal observations. I believe that the best way to learn is to put your thoughts out there and hopefully learn from those that have been doing this for a long time, having said that please feel free and call me out in any mistakes, or things that I am overlooking.. Constructive criticism is very much welcomed, no better way than learning as a community. Happy trading everyone!!
COINBASE:BTCUSD
by jemk88
BitCoin BTC/USD (Calm Before the Storm)View On BTC/USD (15 Mar 2019) It is now in the BIG side way range = there will be explosive MOVE to follow soon. I expect the UPSIDE as long as the price fails to break $34,00 level strongly. $4,200 and $4,500 will be the next resistant levels. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
COINBASE:BTCUSDLong
by SonicDeejay
BTC Weekly - Finally Showing Signs of LifeLet's not get too excited. This recent move up is by no means an established trend...BUT we have a positive MACD for the first time in forever, volume is increasing, and trendlines are being tested. If this is the real deal, we will likely bounce off of a number of resistance and support levels before smashing upwards. These peaks and dips would provide longer-term traders the chance to sell and rebuy more multiple times on the way up. The 4,000 psycological barrier is the first obstacle in the way, followed by the convergence of the 50-week EMA and downward trendline resistance above that. Gaming things out this far in advance is by no means a prediction. This whole thing could become invalid is we reject hard off of 4000 and retest yearly lows.
KRAKEN:BTCUSDLong
by ShanghaiCrypto
ETHBTC Reversal?ETH showing signs of strength! ETHBTC has made a clear higher low on the daily and we are still currently sitting withing a highly traded range on the profile. We are testing this .0380 resistance as we speak and the bulls need to break through this and close above to prove they are in control, however if we don't break this resistance then I expect a move downwards again. A higher high would be great for confirmation then I have indicated some entry points for that.
Long
by jackbb87
BTC ABC Corrective Wave | Weak 382 bounce | 128MA | Futures dataGood morning TV, It's been a while since I posted a public video analysis. Glad to be back and share with you my opinion and analysis regarding this space. For those of you who don't know me, my name is Amol and I've been a trader for 11 years. I started off my trading as a high school kid logging into my Dad's account in 2008. Thinking I was hot sh*t, I made a couple of good trades but then financial crisis started kicking in and things got worse on that account. Long story short, I lost a bunch of my Dads money and felt horrible. I made it a point to learn how to trade, how to invest, read market sentiment, understand market data, structure, technicals, fundamentals etc. I became thirsty for knowledge in trading and investing. Fast forward, after years of equities trading, I started trading crypto in late 2016 and have been here since and I'm in it for the long-run. Anyway, I share my analysis with you every chance I get so here we go.. BTC/USD January 18 Analysis: - The 128MA (daily) has been used heavily in the equity markets to gauge long-term trend shifts and possible areas of bounce/support. You can see on BTC that it was used quite effectively. Even on the side of resistance it was used perfectly. However, the fact that we are so far extended away from 128MA and can't come close to retrace when bouncing up shows severe weakness in the BTC asset. - And just like the 128MA the 382 fibs and the ABC corrective wave shown in the video give you an idea that we have not had such a weak bounce in Bitcoin in all of 2018. Meaning when price fell from 6500 to 3100. We should have at least climbed into 4500-5000 range and then gotten rejected on the way down. Again- this shows the utter dominance from the bears driving the price down and disallowing it from coming up - The Order Blocks shown are a great example to watch price be cripped. Staying under the 50% fib of the current OB is again a weak sign for BTC. All in all, unless BTC climbs up toward $5000 over the next few days/week, it will undoubtedly have a higher probability of breaking down than up. Best case scenario is that $3100 was the bottom and we spend months in $3000 range for accumulation. But we won't know this until we create higher lows and stay here for weeks/months. See more updates below Hope you enjoyed the analysis. Give me a thumbs up! -Amol
BITMEX:XBT
by TheAlphaTrades
11
BITCOIN - Action Day?!Hey followers and other TradingView users! If You read and enjoyed my idea then kill, smash, destroy the "LIKE" button, let's start it: Today we should see a movement or at least a little bit bigger movement which has been on previous days and this is because of the Triangle tip on the 1H chart. Is it a manipulation move or a real move but move it is! :) Triangle tip act as an indication that the price is smashed together and it will be probably ready to make a move but on which way!? This depends on the breakout direction. The triangle has drawn from the bodies to remove the market noise which will be in the place if we start to draw it from the wicks. It has started to form since 13. January and the real triangle tip comes into play today so, be ready. As always I try to make short-term updates about the price movement. Which are the obstacles to make a breakout to either direction? Let's start from the resistances - bullish view: The next resistance is simple, the triangle upper trendline. It has worked multiple times as a good and strong resistance and the candles haven't got a close above of it since 14. January. The next price action criteria which should act as resistance is on the 1H timeframe EMA100 (blue line), almost equally on the trendline. Actually, it has not shown us some significant price direction changes after we touch EMA100 but together with trendline in the same area it could change and it becomes stronger. Some positive signs: + The price is still above the strong area at $3,575 + The price is still above the Fibonacci golden pocket retracement level 62%-65% - We have been way too long on the perfect bounce area which decreases the bounce chances. So, to confirm some bullishness we have to get a close above the triangle and from price wise, it is close around $3,625. The support levels - bearish view: The whole market is bearish and recently, the market doesn't show any bullish momentums and volume - this should be the biggest bearish viewpoint. From the price action perspective the move downwards should get a confirmation if we got a candle close below the strong area and below the triangle bottom trendline, a candle close below $3,570 should be the first confirmation. After that we have still the semi-round number $3,500, it has worked nicely as a support level and if we get a candle close below it then it would be almost the last bearish confirmation. Almost?! As You see, we are on the big down-channel and the channel middle point has worked as a support level, two times already. So the last(!) bearish confirmation should come after the candle close below the $3,450 then the trend is your friend and it will probably guide us to the new low which is around $2,800-$2,900. Different patterns show that this could be the next major support. Definitely some pumps on the road here and there ($3,350 is the first one and the current lowest low is the next one) but overall the mentioned area should be the new LL (lower low) price level. So, to confirm bearishness, firstly we have to get a candle close below the triangle and below the strong area. From there I'll make those updates and hopefully, together we manage to find the direction confirmations. Please, don't forget to DESTROY THE LIKE BUTTON :) Thank You for your support, I really appreciate it! CHEERS! *This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
COINBASE:BTCUSD
by VaidoVeek
22
bitcoin double bottom ? lets see how this triangle plays outHello trader! as you can see on the Daily chart i have drawn some line's :) wel most of you are going to say " ok so your point is we can go up or down "... my point is at thees price levels anything can happen ! i dont have a glass bowl that predicts the future im just here to give you guys the probabilities for the future of BTC price! my point of view we are far away from a bull cycle , meaning we could easy go sideways for a month or 6 . but this is my gameplan: * if we break down the triangle we are going to retest the last LOW . * if we break up BTC goes slowly up retracing to 618fibs and probably back down to retest the bottom because most of ppl are going to short at thees prices. Pleas note: everthing here is my personal opinion , not financial advise if you like this post give it thumps up ! thank you
COINBASE:BTCUSD
by stabb
BTC/USD BitCoin (6 Dec 2018) *A potential rally is UP nextUpdated View On BTC/USD (6 Dec 2018) First of all; BitCoin is one low liquid product. It can swing back for no reason So, be very careful. Second: We are still in overall downtrend BUt the small rally/swing back is possible. So, do you still want to trade? If yes, read on. ------------ Our Analysis ------------ EP Long anywhere before $3,400 SL $3,120 TP1 $4,400 (If the level is hit, take some profit and move ur SL to breakeven) TP1 $4,800 TP3 $5,200 All the best and DYODD. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
COINBASE:BTCUSDLong
by SonicDeejay
2
Next bear wave incoming til end november?No-trading zone for me, I will simply wait for a breakout, considering this could be solved sideways, downwards and upwards. What I would wish for is a weekly candleclose tomorrow night above the historically important weekly EMA200 which is currently our strongest support. If we close underneath by next week´s sunday close (capitulation in a big wick down to $2.9k possible), it will probably take a long long time to recover from that. I am still learning Elliott so please don´t judge too hard if the waves ain´t fully correct...
BITSTAMP:BTCUSD
by Gl4diator
2
Ethereum (ETH) - reverlas in sightHallo Crypto Family, Some people were calling for a possible drop, ignoring the strong support line the price is sitting at. This support line hast 2 touches in March and February 2017, and recently in September when we made the lowest low in 2018. The low in September made a divergence on RSI and CCI and since then we had higher lows. Today we broke out of the recent downtrend channel. The EMA21 line is almost touching the support line. With a minimal risk, setting the stop loss just below the support line, I'm laddering in.
COINBASE:ETHUSDLong
by Verethragna