BTCUSD LONG Fibonacci extensions for intraday trading $BTCUSDThese are the Fibonacci retracements I am watching for BTCUSD today :
N1: 38790
N2: 38135
N3: 37076
Current intraday trend likely DOWN
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (35612)
TP could be @ Fibo level 0 (39849)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
Cryptocurency
Origin Protocol 128% Move to $4Updated: 27/04/21
Origin Protocol 128% Move to $4 @ 127.20% Fibonacci level from Buy Zone 1. Since our Buy Script triggered a Buy Signal on the 27th March, Origin Protocol continued to rise for 13 days to an ATH of $3.36, which is just over 280% Gain. OGN has had a healthy retracement bouncing from the 38.20% Fibs from this impulsive move which saw OGN grow from $0.78 to $3.36 in just under 2 weeks. Use Buy Zone to map out your buys. Happy Trading :)
Siacoin (SC) Potentially Going On Coinbase, NEWS!Hey friends, we like Siacoin (SC) right?
We've been following this altcoin pair and trading it even before we came on Trading View... In fact, Siacoin was one of the first altcoins I ever bought together with Litecoin and Digibyte...
One of my friends here on Trading View sent me the following link, this is can be of interest to all of the Siacoin holders and more.
"Coinbase’s goal is to offer support for all assets that meet our technical standards and which comply with applicable laws. Over time we expect our customers around the world will have access through Coinbase platforms to at least 90% of the aggregate market cap of all digital assets in circulation."
"These new assets include, in alphabetical order: Aave, Aragon, Arweave, Bancor, COMP, DigiByte, Horizen, Livepeer, NuCypher, Numeraire, KEEP Network, Origin Protocol, Ren, Render Network, Siacoin* , SKALE Network, Synthetix, and VeChain."
You can read the full article here: blog.coinbase.com
What's your take?
Many other strong altcoins are also on this list... Please share your thoughts and any additional information you might have in the comments section below... All input is welcome and highly appreciated.
Namaste.
BTC bullish move
Bitcoin overperformed my bullish targets and pumped to 7800. Showing week chart to understand what's going on. First resistance zone left after November/December 2019 is the one that stopped the pump now. Next will be zone between 8000 and 8200 (roughly). Can be hit within this week. But since any major BTC move requires decent amount of liquidations, I believe it is possible that before halving Bitcoin will pull back to 7170 or 6400 again.
Resistance: 8050 - 8200 - 8300 - 8550
Support: 7300 - 7170 - 6855 - 6625
P.S. 17 days and 22 hours till halving. Don't expect price to pump on the same day. It never did before. After halving there might be a month of consolidation and uncertainty, before it start growing.
Whales will abandon ETH, some recommendation.Idea based on : fundamentals . Please read also about UVU coin in this description .At last time when Bitcoin go up from 7k level to 9k some alts shows big strenght much much bigger than ETH and this trend will be also show at new BTC attack for 10k zone : its mean for me than for ETH will come some moment of disbelieve according to other coins .
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Bitcoin: Restest of H & S neckline? If the 200 daily MA is resistance for Bitcoin, then we are likely to drop back to the Head and Shoulders neckline to retest it. I am bullish enough and confident that if this scenario played out, we would not fall below 7.8-8k. If we do, then we would have to question how bullish BTC really is... I will continue to monitor and post updates over the next few days.
BTCUSD Moon Or Bust
Monthly
2019 High (according to Coinbase) of $13,868.44 was followed by a descending channel that has now found support inside our $6,300-$6,700 zones. BTC sitting @ $7,876.78 as I type, and now eyeing $8,000. Stochastic RSI showing momentum is in favor of the bears, let's not forget indicators need rely on price and may be delayed. Our monthly candle looking like a bullish engulfing, along with some exhaustion from the bears shown in the monthly wicks. Which is part of the reason why I believe BTC will make a big move very soon.
Weekly
Shifting over to our pattern timeframe we price tested what could be the beginning of our weekly uptrend. BTC was consolidating between $6,800-$7,500 for roughly 6-weeks, this week BTC has set a new higher high by kissing $8,000 and now slowing cooling down. Stochastic RSI showing momentum is just now heading towards the upside. A double bottom also is shown in our momentum. BTC would have to break and close above $8,700 to break out of its channel and to be followed by some bezerk moves. Rejection from this level could lead us $5,000 zone.
Daily
Finally, switching over to our trigger timeframe we see BTC is now testing our resistance @ $7,750. Stochastic RSI showing momentum heavily in favor of the bulls with no signs of slowing down. Inverse head and shoulders off our $6,700 daily support. A daily close above $7,750, activates the trade.
A Larger Fall in Play on BTC/USD?With markets drowning in so much US-China trade news as of late, it’d be remiss of us not to notice Bitcoin’s sizable fall for the last 24 hours. Chinese authorities have raided Binance’s offices in Shanghai and shutting down it. Authorities in China obviously have extended their crackdown on crypto-related activities.
BTC/USD broke 200-day SMA to the downside and now is trading at the lowest level in a month. Additionally, there is a key contracting triangle forming with resistance near $7,600 on the hourly chart. Will be interesting in which direction the triangle will be broken.
A close below Oct. lows could push Bitcoin towards the intersection of May 17, 2019 low and the multi-month support trend line in the $7,000-$6,600 region.
But Bitcoin is sitting above several key support areas including $7,488 and $7,333. The first support is related to the H1 Bollinger Bands lower line. The second one is the previous month low. The H1 RSI for BTC/USD is currently recovering and is around the 50 level.
On upside, the first resistance area is at $7,800 and $8,000. Bitcoin would need the support of the broader market to break back through to $8,000 levels. In that case the October's highs $9,560 and $9,948 will be the next key resistance.