#BTC for a positive scenario need to growth above 3800#BTC
On the 3-day scale, the candle inside bar is visible; as a rule, we can grow, if on this scale we close above the resistance of the mother candle 3800. If this succeeds, we can observe a more positive market for a while. If you can not get higher, the next month may continue in the side and maybe the price will be able to update the bottoms. Confirmation of the completion of the downward trend is not, but we can well form the beginning of its completion.
Cryptowolfsignals
XBTUSD trading idea for BitMEX#BTC (long)
Pending orders for a pair of BTCUSD:
Leverage: 5
Risk per trade: 1-3%
Long entrance: 3676; Stop loss: 3646;
tp 1: 3691;
tp 2: 3706;
After taking the first goal, we move the position to breakeven. Non-working pending orders are deleted at 00.00 Moscow time.
After taking the SL or TP, the remaining deposits are removed.
BTC is now neutral. Globally, the market does not look promising#BTC
On a monthly scale, the market does not look the best, but there are still chances of becoming more bullish, the candle may turn green if current support is strong enough. On the scale of the day, we can see the range below which we cannot go down in order to continue the bullish scenario and move to the level of 5000. On the whole, the market does not look promising and may form another wave of decline, but the current support is still coping with market pressure, so now it’s better to watch from the sidelines.
BTC doesnt add positive,but there are chances for midterm growth#BTC
Despite the similarity with the formation of lateral movement, Bitcoin is still at interesting levels to build another wave of growth. The support is very serious, going below 3650 will significantly complicate the likelihood of moving to levels around 4900 and 5600, however the market is still bullish and it is very real to see growth towards these resistances in the first months of the coming year. It is not excluded that we will move for some time in the corridor 3650-4300, and the approach to the bottom will be accompanied by an increase in the number of open longs; approaching the top face will noticeably add short positions. In any case, this marking will help to clearly determine the optimal entry levels for different positions, but it is worth noting that above 4300 there is no strong resistance and the breakdown of this level may be followed by a subsequent impulsive growth up to the indicated resistances.
XBTUSD Bitcoin trading idea for BitMEXPending stop orders for a pair of BTCUSD:
Leverage: 5;
Risk per trade 1-3%;
Long stop: 3834, target 3871 (close 50% of the pose), 3908 (close the rest);
Short stop: 3760, target 3723 (close 50% of the pose), 3686 (close the rest);
When one of the deposits triggers from the second, we delete the limit order that is take profit (TP), and leave the second one itself - it becomes a stop loss for the activated one. Thus, there will always be only one order in operation.
Bitcoin is still bullish
On the scale of the month, we can clearly see that we are still moving in the descending channel. The formation of the extreme candle looks like a “reversal”, which gives us a good opportunity to jump to the upper edge of the channel, but it will be rather difficult and unlikely to go higher. In the case of achieving resistance of 5,000, the chances for a breakdown and fixation above are very small, to continue further to decline more likely, since the market still does not have sufficient volumes for a real bullran. Still adhere to the scenario that we are now witnessing a rebound of a dead cat.
The weekly scale looks positive, to maintain a bullish mood, we need to keep above the 3650 mark. On the month scale, there is still a strong oversold, but on the weekly chart RSI and Stoch RSI look positive, there is a rather bullish attitude and good chances for the upward movement. Day-to-day MACD also looks good. In addition, we can note that now we are in a zone of strong resistance and going higher will lead us to the area with little or no resistance, where we can get a rather strong bullish impulse.
#BTC you can see the figure of an inverted head and shoulders#BTC
On a 4-hour scale, you will notice that the price is likely to fall to the support level of 3600, from where it can rebound. If the price follows this scenario, then on the chart you can see the figure of an inverted head and shoulders. If the scenario of this pattern is confirmed, we will be able to move higher.
#BTC we have a good structure 12345#BTC
There is a high probability that we are observing correctional waves of the ABC pattern. If the price action forms the ABC pattern, then the next point C will be near $ 3800. As part of the correction of this pattern, we have a good structure 12345. Therefore, we must go back to the area of about 3700-3800, then we can expect a rebound to the level of about 4700.
XBTUSD Bitcoin trading idea for BitMEX#BTC (long)
X5 leverage
Entry long 3866; targets 3908; stop-long 3783
Entry short 3783; target 3742; stop-short 3866
Nonworking deposits are deleted at 01:00 (MSK)
When one of the deposits triggers from the second, we delete the limit order that is take profit (TP), and leave the second one itself - it becomes a stop loss for the activated one. Thus, there will always be only one order in operation.
Bitcoin looks good#BTC
Bitcoin has done a good growth over the past few days, we received an increase in its value of more than + 20%. From current levels it makes sense to consider entry points for shorts, but it is better to do this above the 4000 mark, since there are still bull signals and the probability of continuing the upward movement still remains. It is very likely that we will still see test 4000 and most likely with a noticeable break above. It is better to wait for rollback and lower levels to enter long. Bottom line: Bitcoin is now neutral, but bullish priority is noticeable.
Large-scale view of volumes#BTC 1m
And yet, despite the fact that the market is too oversold and the RSI is at its all-time low, one should not expect any movements to the previous maximum levels. Psychologically and technically important, the 6000 level was broken and, as we see, not by a false breakdown or a bear trap, but by a sure close below with the continuation of the downward movement, which indicates the impossibility of a quick recovery to the absolute maximum of December last year. Rising above 6000 will be extremely difficult. Large volumes are not observed, large players are not gaining positions, since reducing the cost by half from the range of trading over 6000 is a very expensive process, it suggests that the market is not yet ready to go up, at least without recruiting large players, which is not it is seen. Whales know what they are doing and understand the future nature of the market, based on the current situation, globally a set of volume and the opening of serious long positions can be formed from a month to six months, until this happens you should not expect a price above 6000.
Bitcoin. Falling wedge#BTC
You can pay attention to the completed formation of a falling wedge with a bullish breakdown of its upper face. If the previously mentioned area of about 3,400 will hold the pressure of the market in the event of a rollback, then a hike to the resistance will be even more likely, it will be possible to touch not only the resistances to the level of 4000, but also to step higher to 4400.
Despite the bullish momentum, the global market is still bearish#BTC
The resulting bullish momentum can maintain a positive attitude in the market, indicators of average timeframes look optimistic, the chances of continued growth are present. We received local resistance around the level of 3600, the breakdown of which will form the movement towards the test mark of 3800 and possibly into the region of about 4000, there are few chances to break through, the market is still weak and the volumes are not sufficient for moving up. Such an impulse, as a rule, needs correction, but now we can roll back, we meet support closer to the level of 3400. Of course, if we manage to break through above 3,600, then after the growth we will likely go down, possibly closer to 3200, and then we can touch up to 3000. Globally, the trend remains bearish, capitalization is likely to step below 100 and the higher we rise now the more chances for a successful short.
#BTC view at this momentAt the moment there are no major changes in the market, step down and touch the MA50 chances are still great. Going below the MA50 for the current period will be difficult, for now hour timeframes demonstrate a slight opportunity to jump, but this does not cancel the global move down. If the MA50 is broken and the price locks below, it will be a bad signal, the market will continue the downward trend. Globally, we are still in a strong oversold, which also makes it possible to count on a step up. For now we can grow a little, but then still go to the MA50, from where you can already count on an increase in resistance to 5000.
#BTC is still go down#BTC
Apparently, the market will not be difficult to touch 3000 before forming a rebound, followed by growth. Despite the huge decline in the last period of time, we are still bearish and can go lower. At the level of about 3000, dense support was formed, which even with the continuation of the bearish trend from the first attempt will be extremely difficult to overcome. Stepping below, in the region of 3000-3200, we will get a zone of high demand, and further growth may reach resistance around 5000, which will be difficult to overcome and now there are very few chances for that.
ETHEREUM looks bad#ETH
Ethereum looks bad, all the important supports were easily punctured, and now we can continue to go lower with the rest of the markets. The closest support range formed within $ 73-78, fixation below which will be a very bad signal. The nearest resistance is $ 100, its breakdown will give strength for a step up, but it will be extremely difficult to rise above $ 140, even after breaking through $ 140 there is a high probability that it will fall again.
Bitcoin at the resistance of the downtrend of recent days#BTC 4h
The area below 3500 forms the ground for a rebound, higher minimums show a positive signal for the market and if we manage to overcome the resistance of a downtrend, then we should expect a more bullish pattern of price movement. At the moment, the recent lows around 3200-3300 show good support, but there are still no exact signs of a reversal, although we are clearly close to this. Be careful and watch the market, a breakdown of downtrend resistance can be quite impulsive, but in case of failure, Bitcoin can easily go lower. In the case of a positive potential to reach 5000 is still relevant.