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Elitetradinggroup

EURGBP getting ready for sellHello Eurgbp is currentlz moving in range flow, but once it will confirm sell trend again you can start looking for sell on D1 and h4 timeframe. Price is holding position below overall channelling, but this is not clear confirmation for bearish move. Bearish move will be confirmed once price broke lower low of h4 timeframe and did a clear retracement. The second option is that price did a clear retracemenent from channell current resistance and close daily bearish candle.
Short
by EliteFxAcademy
$BTC - #Bitcoin-Daily-Update #14 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update #14 What happened in the last 24h? Today we saw very little movement and just a sleepy reaction to the market dumping yesterday. We are having big similarities with candles from low 3k region right before we started mooning. Here volume and candle formation is pretty much the same. We might be seeing something similar happening again and see a re-test of the descending resistance again. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -1.72%, but gained 1.84% MarketCap? Total MarektCap is 122 Billion - nothing changed - Of which BTC is 64 Billion - nothing changed - With a Dominance of 52.5% - gained 0.2% - Volatility? The 30d avg Volatility is 4.6% - gained-0.2 - Shorts/Longs? Shorts - 24.3k (pretty low) Longs - 31.2k (high but solid) - S gained 0.3k / L gained 0.2 - Funding? The last 3 funding rates added -> -0,3% - +0.264 - Momentum? The TJ-Momentum is showing us a red cloud again, which is indicating us a drag and pull down. This might be important for the next days and the low liquidity weekend. Volume? Even after such a strong dumping day we see the volume barely making any difference and barely making it above the MA. This is for me a still bullish sign and kind of expected after such a drop even though we had bullish signs previously. The market as a whole is still not shorting. TJ-MF/StochRSI levels? TJ-MoneyFlow - Today we are seeing a green money flow indicating us a bullish sign. Just as mentioned in the volume analysis, the market is not shorting and not really big amounts of shorts are being opened. TJ-Stoch K(blue) - 23 D(orange) - 70 Divergences? Nothing that is worth mentioning in our daily updates. Market Structure? Currently we are in a descending channel simply sitting on 3 major supports, which is why the market is till not shorting but simply consolidating to make a decision within the next few days. Overall? Overall not much happened. we are seeing not only bitcoin but also altcoins consolidating and moving sideways. The drop was clear and hard to take, yet the little stop right now is giving space and time for buyers and bulls to take over the lead and put out some bullish signs into the market so we can start seeing more bullish action again and taking a safe long position. What do we want? We want to see today a nice green close and possibly connected to good volume as well. Market bouncing a little would be beautiful, yet we have to be careful for a possible bear flag. Position? Today I decided to open a long position with 5x leverage. 4 double staggered entries at 3600, 3565, 3482 and 3455 Stop at 3430. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
3
$BTC - #Bitcoin-Daily-Update #13 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update #12 What happened in the last 24h? Finally we saw some more movement in the market, waking up everyone from the last few sleepy days on Bitcoin. We saw Bitcoin and other coins drop drastically within a short period of time, which might sound or look bad at the first glance, yet I find it to be a good thing, bringing more volatility with it and making trading fun again and not a chopping festival. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -12.3%, but gained 0.86% MarketCap? Total MarektCap is 122 Billion -gained 15 billion - Of which BTC is 64 Billion - lost 6- With a Dominance of 52.3% - gained0.8% - Volatility? The 30d avg Volatility is 4.2% - lost -0.07 - Shorts/Longs? Shorts - 24.0k (pretty low) Longs - 31.0k (high but solid) - S gained 1.4k / L lost 2.7k - Funding? The last 3 funding rates added -> -0,0403% - +0.0044 - Momentum? The TJ-Momentum is showing us a red cloud again, which is indicating us a drag and pull down. This might be important for the next days and the low liquidity weekend. Volume? Even after such a strong dumping day we see the volume barely making any difference and barely making it above the MA. This is for me a still bullish sign and kind of expected after such a drop eventhough we had bullish signs previously. The market as a whole is still not shorting. TJ-MF/StochRSI levels? TJ-MoneyFlow - Today we are seeing a green money flow indicating us a bullish sign. Just as mentioned in the volume analysis, the market is not shorting and not really big amounts of shorts are being opened. TJ-Stoch K(blue) - 68 D(orange) - 81 Divergences? Nothing that is worth mentioning in our daily updates. Market Structure? Currently, the market structure of an inverted head and shoulders is still active and we are sitting at the verge of the neckline. We have to see break there, which might happen at the next trend-test as mentioned before. Overall? Overall we are still seeing bullish signs, we have analysed that the market as a whole is still not shorting and we touched on some important support zones. We are not excluding the possibility of having a red day tomorrow as well but we are definitely expecting a bounce or some better confirmation over a direction within the next few days. What do we want? We want this day to end. Actually we want a close above 3550, yet a close above 3672 would be the best case scenario. We as well want to see a bullish confirmation before entering a significant long position again. Position? Currently no position open. Stop in profits got hit. Thinking though about a low leverage, 3 stagger, low margin long at the most important supports. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.P
by KongTrading
2
$BTC - #Bitcoin-Daily-Update #12 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update #12 What happened in the last 24h? In the last 24h we saw basically no movement. This is in my opinion because we are approaching a trend-test. This is an important measure for a coins sentiment and direction, the trend has to be confirmed before the next movement happens. Another theory would be that we have a lot of people taking profits at this moment, yet due to the bullish sentiment almost an equal amount of buyers at the same time. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -1.0%, but gained 1.18% MarketCap? Total MarektCap is 137 Billion -gained 1 billion - Of which BTC is 70 Billion - no change - With a Dominance of 51.5% - lost 0.2% - Volatility? The 30d avg Volatility is 4.27% - lost -0.04 - Shorts/Longs? Shorts - 22.6k (pretty low) Longs - 33.7k (high but solid) - S lost 1.9k / L gained 0.1k - Funding? The last 3 funding rates added -> -0,0359% - -0.0247 - Momentum? The TJ-Momentum is still blue and still rising above the 0 line, which is indicating us a bullish momentum and no change in the direction. Volume? The volume over the last weeks is pretty whack. Nothing important and nothing indicating at the first glance, but the previous days the buy volume is increasing and since it has been so low for so long, it will be easier too hit the Volume MA for a trend confirmation. TJ-MF/StochRSI levels? TJ-MoneyFlow - Since we are not seeing any moment in price, the volume decreasing and not enough new longs opening, the TJ-MF is giving us a bearish sign. This is alright, unless we have a long series of those. TJ-Stoch K(blue) - 92 D(orange) - 83 Divergences? Nothing that is worth mentioning in our daily updates. Market Structure? Currently, the market structure of an inverted head and shoulders is still active and we are sitting at the verge of the neckline. We have to see break there, which might happen at the next trend-test as mentioned before. Overall? Currently it is a quite boring moment for Bitcoin, still waiting for the accumulation to end, still waiting for more volume and the dragging effect of the rising altcoins to work its magic on Bitcoin. Nevertheless, we can see a strong decrease in short and a slight increase in longs, which is for me confirming the bullishness of the market and might be hinting towards the next move. What do we want? We want this candle simply to close as it is, insignificant and leaving space for the next move. We want to see over the next days at least a test of 4200 and obviously connected to a nice Money-Flow spike and volume above the MA. Moreover, we don't want to forget that THE TREND IS OUR FRIEND and we shall not trade against it. A close above 4k or exactly at it, would be nice to have today. Position? Staggers down to 3725 and the stop loss below it, going with lower leverage, since the spread is quite big. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
2
$BTC - #Bitcoin-Daily-Update #11 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update What happened in the last 24h? The last 24 hours have been quite interesting and informative. We saw a nice breakout from the bullfrog on lower timeframes but as many times seen on bitcoin a clear rejection from the top and a dump back to where we started. Finally we are seeing a little more volume and indicators showing us clearer signs. Altcoins have been taking a day off from making significant moves and as we are seeing things evolve right now, it looks still like a small cool off from the pretty string days before. The iHnS is still very talked about and looking at this scuffed version we are sitting right on the verge of making a clear decision. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -1.59%, but gained 3.18% MarketCap? Total MarektCap is 136 Billion - gained 1 - Of which BTC is 70 Billion - no change - With a Dominance of 51.7% - -0.2 - Volatility? The 30d avg Volatility is 4.31% - -0.01 - Shorts/Longs? Shorts - 24.5k (pretty low) Longs - 33.6k (high but solid) - S +0.2 / L +0.5 - Funding? The last 3 funding rates added -> -0.0112% - -0.0112 - Momentum? The TJ-Momentum is still blue and still rising above the 0 line, which is indicating us a bullish momentum and no change in the direction. Volume? Today, we saw yet again a bigger volume candle, while looking at the previous week. Currently while writing this the candle is still red, would be indicating us a negative movement with a higher volume, YET looking throughout the day we saw most of the volume in the higher prices not the lower ones. TJ-MF/StochRSI levels? TJ-MoneyFlow - As just mentioned on the volume section, the money flow is green today and showing us exactly that we had surely more buy than sell volume. StochRSI K(blue) - 88 D(orange) - 80 Divergences? We are seeing RSI divergences on smaller timeframes like the 4h, yet not on small scale but from the last high above 4200 and todays high. Small scale divergences are causing the rejection from todays pump, if at all to be considered. Market Structure? On the daily timeframe bigs Cale inverted head and shoulders sitting right on the neckline and smaller scale still going by the bull-flag (with fake-outs). Overall? Overall, we are still on the uptrend, still bullish, still longing. We are still awaiting a decision and looking at a possible impulse move. TJ-Stoch is one day away from the 90 point line (which is the impulse move zone; mostly upwards). Sitting on the same line like yesterday, awaiting a nice big candle (an engulfing). The volume is rising and might still get a green candle in the last few minutes of the daily close, but even then it was quite a bullish day for Bitcoin. Altcoins seem to have a dragging effect on it as well, yet with a. little delay. We are looking to get to at least 4200 and see there what happens. We are as well seeing an increase in longs over the shorts, which is still confirming the bullishness for the next day as well. What do we want? Obviously we would love to see even with 1 dollar a green candle and get that nice volume confirmation on normal candles. We want to see tomorrow a nice pump as well towards the 4200 region and preferably pump through it. OR should we experience a small retrace in the whole market, we would love to see confirming the uptrend once more and closing above out yellow line at 3812$. Position? Still keeping the long position open and taking profits at 4240. Same stop loss as yesterday. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
4
$BTC - #Bitcoin-Daily-Update #10 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update What happened in the last 24h? Finally back! Being able to work on my passion is really motivating. I hope everyone had beautiful days off and we are jumping straight back into the Bitcoin chart. We saw in the last 24 hours almost zero to none movement and just small pumps and small dumps but after the big pump, nothing significant happened. Altcoins are dumping today a little, obviously retracing right now after nice rallies but as well nothing to be scared of YET. It seems to me as if the market is just taking some time to react to the pump. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -1.7%, but gained 0.93% MarketCap? Total MarektCap is 135 Billion - N/A since we didn't update for a little while - Of which BTC is 70 Billion - N/A - With a Dominance of 51.9% - N/A. - Volatility? The 30d avg Volatility is 4.32% - N/A - Shorts/Longs? Shorts - 24.3k (pretty low) Longs - 33.1k (high but solid) - S N/A / L N/A - Funding? The last 3 funding rates added -> -0.0244% - N/A - Momentum? The TJ-Momentum is still blue and still rising above the 0 line, which is indicating us a bullish momentum and no change in the direction. Volume? The volume over the last weeks is pretty whack. Nothing important and nothing indicating at the first glance, but the previous days the buy volume is increasing and since it has been so low for so long, it will be easier too hit the Volume MA for a trend confirmation. TJ-MF/StochRSI levels? TJ-MoneyFlow -Almost a pity to see the spike down today, we need a similar spike above the 0 line to really continue to rise and get to test next resistances. StochRSI K(blue) - 86 D(orange) - 78 Divergences? Nothing that is worth mentioning in our daily updates. Market Structure? Currently on smaller timeframes we are printing a pretty obvious bull-flag, yet on the daily we might be getting a double top at 4200. Overall? Overall I can still see a nice uptrend on the daily, following the ascending dotted line. As long it is not broken, I will not be looking at any shorts. We had a nice flipping between shorts and the longs which is making it easy for us seeing any big moves on that level. The volume is low and still needs a clear confirmation, where as the cards are more played down for a long position. The TJ-Stoch is heading nicely towards the high 90 point region where we mostly seeing upward impulse moves. What do we want? We want this candle simply to close as it is, insignificant and leaving space for the next move. We want to see over the next days at least a test of 4200 and obviously connected to a nice Money-Flow spike and volume above the MA. Moreover, we don't want to forget that THE TREND IS OUR FRIEND and we shall not trade against it. A close above 4k or exactly at it, would be nice to have today. Position? Staggers down to 3725 and the stop loss below it, going with lower leverage, since the spread is quite big. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
8
$BTC - #BTCUSD Quick trade - Day Trader ExplainsHello lads and ladies, I will be on a business trip in the next few days, which is why I will most likely not be able to upload the daily updates until Saturday. Nevertheless, I am leaving you with a way that I like analysing and basing on trades on smaller timeframes. Find a trend, look when the trend breaks, confirm it with indicators and then trade the break down or break out!! Cheers, TJ PS let me know in the comments which trades you have taken based on this strategy and how they worked out in the few days that I am off.
BITMEX:BTCUSD.PEducation
by KongTrading
1
$BTC - #Bitcoin-Daily-Update #9 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update What happened in the last 24h? Once again, the previous daily update has been pretty exact and we made a new low of 3280$. We saw some nice downwards action today, followed by a hammer and a small pump to slightly above 3400 yet this got resolved pretty quickly with a decreasing volume and a followed dump below 3350, where we are right now. I am very excited to look behind the scenes now, since this day seems to be a little harder to take apart. Funding has been paying longs and shorts today, which should show us a similar increase in shorts and longs, since nothing significant has happened. Longs and shorts have increased pretty much in the same way, which for me indicates an honest dump, yet not much action in the market. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3820 3950 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -3.6%, but gained 0.51% MarketCap? Total MarektCap is 108 Billion - lost 2 - Of which BTC is 59 Billion - lost 2 - With a Dominance of 55.0% - Today Alts seemed to be stagnant and consolidating after the bleeding of last days. - Volatility? The 30d avg Volatility is 5.72% - -0.1 - Shorts/Longs? Shorts - 37.5k (SUPER-danger-zone) Longs - 28.6k (solid) - S +1.5 / L +2.6 - Funding? The last 3 funding rates added -> -0.015% - -0.10 -> lost a bit - Momentum? The TJ-Momentum is finally blue and indicating us a bullish signal that the bearish momentum has lost steam and we are, as mentioned yesterday, due for a small relief rally. Volume? Today we have a smaller volume, which is as the scenes show us, not saying much. Longs are not very interested in buying, shorts are being careful not to over leverage themselves again. TJ-MF/StochRSI levels? TJ-MoneyFlow -We are still below the 0 line. As we saw today, not much was happening, its getting smaller and flatter not giving us a clear signal. StochRSI K(blue) - 77 D(orange) - 75 Divergences? No divergences at this moment. Market Structure? We are still inside the bigger falling wedge. What we are seeing is a time base push out of the smaller wedge, yet its following with its low the previous resistance which is not a bullish sign. Probably all the way down towards support. Overall? We saw today a pretty much not exciting day. Sure, the short is going good, filling the TPs, yet I would like to see more bearish signs on the daily basis, so I do not worry about the short. The missing Volume and Money Flow are still indicating an indecision. Since we are in a pretty strong downtrend it means to me that bulls are not ready to really long yet and bears are letting their shorts "play out", pretty much as we do right now. Shorting is valuable above 3500, but low 3.3k with small wicks below it, are definitely not signs for an obvious short. Should you not be in a position, wait a little bit and watch what is happening. We have still 3250 and 3200 as pretty strong support zones which still have to be tested and pushed through. Should we break 3.2k we will most likely see another increase in shorts and higher volume, until then I suspect a small dipper around 50-150$ per day moving sideways and down until we get to the mentioned supports and see who wins that fight. TAKE PROFITS SLIGHTLY ABOVE THE SUPPORTS 3250 and 3200. What do we want? We saw today a close below yesterdays low, which is pretty much the only "obvious sign for keeping the short position and calming us down. We want to test 3250 3200 and 3150, there win the fights agains bulls. Position? Keeping the short open, having refuel staggers at 3468 and 3550, taking profits at the supports. Opening new shorts only small amounts right now and max 10% at 3468. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PShort
by KongTrading
6
$BTC - #Bitcoin-Daily-Update #8 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update What happened in the last 24h? As we have mentioned last update, we have not seen any bullish action today. We saw bearish signs yesterday, filled our shorts at 3580 and went all the way down to 3355. An interesting event happened when we had the quick dip below 3400. We saw an immediate spike to 3562$ which was basically a 200$ increase within few seconds, actually filling up our re-fuels for the short. This confused a lot of traders and they fomo closed their shorts before waiting for a confirmation, which kept us for around 30 minutes around the 3500 line. Nevertheless, I did not see any bullish confirmation, waited for the 4h candle to close which was a red inverted hammer with a lot of volume behind it, which then gave me more confidence for the short. We saw other altcoins bleeding and even some more altcoins actually dying out and going completely to 0. This is once again giving BTC more confidence and stabilising the area above 2.9k, where I see us consolidating. We are keeping the short position open after taking out 50% profits. The chance of another red day with a new low is simply too high at the moment, as well as the funding rate is not really paying anything at the moment, which is not incentivising for a long position. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3820 3950 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -5.2%, but gained 1.91% MarketCap? Total MarektCap is 110 Billion - lost 4 - Of which BTC is 61 Billion - lost 1 - With a Dominance of 55.0% - Lost a good chunk, yet not so much on BTC, Altcoins had a dead cat bounce. - Volatility? The 30d avg Volatility is 5.73% - +0.1 - Shorts/Longs? Shorts - 36.0k (SUPER-danger-zone) Longs - 26.0k (solid) - S -1.6 / L -1.0 - Funding? The last 3 funding rates added -> -0.115% - +0.08 -> gained a small amount - Momentum? The TJ-Momentum is finally blue and indicating us a bullish signal that the bearish momentum has lost steam and we are, as mentioned yesterday, due for a small relief rally. Volume? Todays Volume is bigger than yesterdays, which is complimenting the decreasing direction. TJ-MF/StochRSI levels? TJ-MoneyFlow -We are still below the 0 line. Yet, we are seeing a nice spike today, obviously we need too see if we can keep this steep increase. StochRSI K(blue) - 75 D(orange) - 73 Divergences? Right now the biggest divergence that I am seeing is in volume and the price. Bearish. Market Structure? We are still inside the falling wedge. The candle itself can be seen as a bearish engulfing after the previous days. We saw in smaller timeframes many inverted hammers as well. Overall? We are still seeing shorts decreasing, as well as longs decreasing, this seems to me like we are approaching another small impulse move down. The spot-pump today of 200$ seemed to me again rather more like a closing fo shorts than actually longs being opened. Thinking that shorts are closing right now have been opened above 5k, makes it a very clear and good profit to book in. Overall still bearish but getting a little more movement around this 3.4k line, most volume today was also around 3.4k line. Which seems to be establishing at least as a new intermediate support, which we will see in further moves as an important point. What do we want? We want to see a close below 3434$, which will most likely happen right now. This will get us back inside the falling wedge and keep the bearishness inside. Position? A very simple and low risk short. The SL would be at 3720-3800 depending on leverage. OR a close outside the falling wedge in 24h. Today as well, keeping the same short, tomorrow a green candle close above 3500 would not be favourable for our short, but lets see what happens. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PShort
by KongTrading
1
$BTC - #Bitcoin-Daily-Update #7 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update What happened in the last 48h? In the last 24h we saw some nice upwards movement. We tested the previous resistance, broke it and had a high of 3620$. Got rejected there pretty fast and started lacking volume. Lacking volume is a big topic here. Compared to the previous days we are increasing in price, yet decreasing in volume. Since we are still within the falling wedge and are wanting the breakout from there, we do need a strong volume behind it. What does strong volume mean? At or above the MA of the volume indicator. Should we not have that and close today below 3550, we will most likely test the support of the falling wedge again, which should be around 3150$. As well we see some short positions closing, or taking little profits. Which again would agree with the low volume increasing price. The funding rate as well has not been paying a lot lately which once agains indicates us that we did not have new longs opening but shorts closing. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3820 3950 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -1.0%, but gained 6.80% MarketCap? Total MarektCap is 114 Billion - gained 6 - Of which BTC is 62 Billion - gained 3 - With a Dominance of 54.9% - We seem to have an in reading BTC dominance, Alt Coins are tanking, BTC is profiting from that a little. - Volatility? The 30d avg Volatility is 5.63% - +0.03 - Shorts/Longs? Shorts - 38.6k (SUPER-danger-zone) Longs - 27.0k (solid) - S -4.1 / L -0.9 - Funding? The last 3 funding rates added -> -0.045% - -0.40 -> lost a lot - Momentum? The TJ-Momentum is finally blue and indicating us a bullish signal that the bearish momentum has lost steam and we are, as mentioned yesterday, due for a small relief rally. Volume? As we already said, the volume is pretty bad. Increasing price with low volume makes me not very bullish at this moment for the next 24h. TJ-MF/StochRSI levels? TJ-MoneyFlow -We are still below the 0 line. Yet, we are seeing a nice spike today, obviously we need too see if we can keep this steep increase. StochRSI K(blue) - 72 D(orange) - 71 Divergences? Right now the biggest divergence that I am seeing is in volume and the price. Bearish. Market Structure? We are still inside the falling wedge. Here even inside of to if we get a close below 3500$, we will most likely get an inverted hammer, which is showing us that buyers are exhausted and the price might continue down. Yet again is the question, what buyers did we have today? Overall? We are obviously loosing steam in the downward movement and just waiting for the reversal. We saw today some nice closes of the short positions, which is why most longs did not get liquidated even though we moved almost 7% today. We are still in the region of squeezing the over leveraged short positions, yet most of them we see playing it safe and taking profits. Taking profits at these levels means though that a short squeeze in its actual form would bring us to minimum 4.6k. YET the likelihood of a short squeeze at these levels is very low. we need to test lower levels again and hold those for a few days with increasing shorts. Anything apart from that is not a short squeeze and simply either a pump or TPs of those. So don't get confused when you see others talking about it. What do we want? We want to stay within the falling wedge today, which would mean a close below 3550. A close below 3434 would be ultimate bearish indication, yet very unlikely to happen. Position? A very simple and low risk short. The SL would be at 3720-3800 depending on leverage. OR a close outside the falling wedge in 24h. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PShort
by KongTrading
2
$BTC - #Bitcoin-Daily-Update #6 (extensive)- Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update What happened in the last 48h? After taking a couple of days off, it seemed to be exactly the wring time to do so. Our Stop Loss at 3400 got hit and we went straight for the dive towards 3200$. The guys in our private group, knew what to do and longed with a high leverage the 3250 to 3200 range. Literally caught the whole nice pump that we had right after re-testing 3200$. Apart from that the price got rejected at our previously mentioned support and resistance line at 3550. We are seeing now again the nice predictive Friday-Night-Dumps, followed by the low liquidity weekend. Since we have almost none volume, yet still having a slightly decreasing price and the only volume that we see is rather from pumping 50$ and dropping 50$ again. What I see is a really big indecision in the marked. A lot of dojis, a lack of volume and a really choppy pattern on the charts. Let's find out what happened behind the scenes and what we can expect pretty soon. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3820 3950 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -1.70%, but gained 3.80% MarketCap? Total MarektCap is 108 Billion - lost 13 - Of wich BTC is 59 Billion - lost 4 - With a Dominance of 54.7% - Today's dump seems to have downed more alt coins than just Bitcoin, Alts are bleeding. - Volatility? The 30d avg Volatility is 5.6% - +0.07 - Shorts/Longs? Shorts - 42.7k (SUPER-danger-zone) Longs - 27.9k (solid) - S +7 / L +1.0 - Funding? The last 3 funding rates added -> -0.45% - -0.40 -> gained insanely a lot - Momentum? The TJ-Momentum is still red but very low. As soon as we see it green, it will be a rising momentum and it will be a bullish sign for Bitcoin. Volume? We are STILL waiting for a big volume breakout, which would be above the orange average line. We had two nice dumping days with high volume which sky rocketed the shorts but the price didn't drop much comparably. We WILL see a big volume breakout very very soon. This will either bring us to 4.4k or to the 3k -2.9k range. TJ-MF/StochRSI levels? TJ-MoneyFlow -We are still below the 0 line. Yet the money Flow is heading down. This is again not favouring the direction that we are going towards right now. Once more shoring us a divergence. StochRSI (got a cross-down and a red cross) K(blue) - 69.5 D(orange) - 70 Divergences? Right now I am not seeing any divergences apart from the volume and Money Flow not supporting the trend. This is showing me that we are loosing steem off the downtrend, at least for now. Yet, this supports a possible uptrend. Market Structure? Right now I am seeing a very clear bullish falling wedge over the course of the last two weeks. We went from a steep weekly falling wedge into a pretty normal and decent falling wedge that we are in right now. The volume to it also plays out so it actually bullish, yet the patter itself is something what I do not like that much yet, which leaves us with the very las bullish hope of a monthly falling wedge towards the end of the year, keeping the support yet, taking the 4.4k wicks as our reference points for the resistance. Overall? We are definitely in a bear market and definitely have to fight the very strong bearish sentiment in the market. Moreover, we see a lot of dumps and breaking horizontal supports and a negative momentum, this is incentivising a lot of people to open leveraged short positions and endanger their capital with bad risk management and poor trade plans. This is the reason why we are seeing the shorts being at their all time high, which should be normal in a bear market. Calling for a short squeeze is actually dangerous and most of the people do not have anything behind it saying. They hope, but do not understand it. Let us understand it, what is happening right now. We have seen basically a 50% correction within the last month. This has a momentum to it and keeps pushing the price downwards, a lot of people are shorting and actually starting to short at this range. Why? because they did not have a plan and are coming into trades that are supposedly going with a certain trend. Completely leaving out the factor that every trend HAS ALWAYS a correction to it, it has a relief to it, especially when it is over-heated. This was the reason why I cashed out 50% of my btc holdings at 18k. When you learn how to read a momentum of a trend and see certain indications of a near trend reversal, there is almost nothing than a good trade set up is left for you to make the $$$. What I am seeing right now is certainly a stage in the middle of it. You can compare it to the BTC price going to 14k dumping to 10k and then continuing to 20k. This is exactly the set-up that I am seeing right now. We HAVE a very strong downtrend but are almost over-due for a retracement and a correction of this trend. The comparable 14k is our 3.2k to 2.9k range. Here is what I am seeing. A third test of the downtrend support of the falling wedge with a possible wick to the 3.2 - 2.9k range. Should we bounce there and achieve a close above 3434$ we will most certainly see the bounce and relief that we are talking about for weeks now. This will be a 50% bounce of the lowest price, w which should lead us to the target of either 4.4k or 4.6k. Since we have been rejected already at 4.4k, this would be very bearish and we would continue our journey back to yearly lows. A close above 4.6k would then let us to re-evaluate the situation and look for how strong the momentum actually is. Nevertheless, we have the opportunity to not hold the mentioned 3.2k - 2.9k range and dump almost straight through to 1.8k THIS YEAR. What do we want? We want a close above 3434$ for being bullish. We also want a dip down to 3.2k and below to fill up some nice long orders. We want to stay with our daily closes inside of the falling wedge. Position? Honestly, I would suggest simply setting up longs From 3250 to 2900 and let them fill up. Anyone who has really big guts and is feeling the short, stagger shorts to the resistance and short towards 3.2k, if 3.2k holds, reverse it, if it doesn't, see to reverse it at 3055. I myself am doing exactly that right now, since I believe that the test of the support will happen and we might have a small dip below, nevertheless, I am taking more than 50% out at 3.205 and reversing at 3.125. Let me know in the comments and leave a like if you like the infos and want to see it daily. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
5
$BTC - #Bitcoin-Daily-Update #5 -Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update What happened in the last 24h? Finally, one of our lower orders are starting to fill and we are getting ready for the short squeeze. By now, it is only a matter of time when short are going to get trapped and liquidated. We saw a wonderful low volume dump. Nothing interesting happened there in my opinion. We liquidated around 10 million Longs and had two market shorts of each above 5 million at the very bottom around 3714$ (how to get trapped 101). Nevertheless, a reason that I am elaborating on for this dump is a the very steep decrease in the Funding Rate. Which is again increasing by a lot and we are seeing a small movement upwards. Most important S/R right now? 3434 3550 3666 3730 3820 3950 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -6.41%, but gained 0.25% MarketCap? Total MarektCap is 121 Billion - lost 6 - Of wich BTC is 65 Billion - lost 3 - With a Dominance of 54.2% - Today's dump seems to have downed more alt coins than just Bitcoin - Volatility? The 30d avg Volatility is 5.53% - +0.01 - Shorts/Longs? Shorts - 35.7k (danger-zone) Longs - 26.9k (solid) - S +1.2 / L +0.1 - Funding? The last 3 funding rates added -> -0.05% - -0.21 -> lost a lot - Momentum? The TJ-Momentum is still red but very low. As soon as we see it green, it will be a rising momentum and it will be a bullish sign for Bitcoin. Until then we need to keep a tighter Stop Loss and lower leverage as well as margin. Volume? We are STILL waiting for a big volume breakout. Today, as mentioned low volume dump. We are forming a n-formation, which is very divergent to our chart and price. TJ-MF/StochRSI levels? TJ-MoneyFlow -We are still below the 0 line. Yet the money Flow is heading down. This is again not favouring the direction that we are going towards right now. Once more shoring us a divergence. StochRSI (still trending up) K(blue) - 77 D(orange) - 56 Divergences? I am still seeing the volume going sideways bit the price going down. The same with the price going down and the TJ-Stoch going up as well as the TJ-MoneyFlow continuing up. A big move is still incoming, indicators are rather showing us the possiblity for a move upwards to test the resistance at 4.4k. Market Structure? Right now we are on lower timeframes in a falling wedge, with decreasing volume and decreasing price. With a high chance we will see the breakout upwards. We are still heading for that double bottom, which would ultimately align all starts in one line. Overall? We are definitely in a bear market and definitely have to fight the very strong bearish sentiment in the market. Moreover, we see a lot of dumps and breaking horizontal supports and a negative momentum, which is why we are saving us with a protective stop loss at this moment. Nevertheless, we are seeing a lot signs that are pointing up. We have so many shorts and from what I see right now, every time we get into that 35k region, next day the are getting liquidated, lets see if tomorrow we will see a nice push, with the increased funding rate and the low volume dump. As you see I am still definitely keeping my long position. I will not be the one shorting a possible bottom below 4k. Please note: I am still having orders below and am following a proper risk management with a low margin and low leverage. I am basically happy when we move down. What do we want? We want to stay above and close the daily above 61.8%, once again heading to close above it would be really nice. This time it would be 3800$. This might give us a bull hammer and a pretty nice indication for a solid long. Position? Keeping the Long position. Still not convinced of a short position. STILL READY for a possible test of 3400$, without panicking. Entry at 3.8k is ok Entry at 3.7 is good Entry below 3.6 is very good Let me know in the comments and leave a like if you like the infos and want to see it daily. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
2
$BTC - #Bitcoin-Daily-Update #4 - Day trader explains Hello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update What happened in the last 24h? Once again, a beautiful and volatile day that we had here. We started out with a beautiful pump, nice volume behind it as well, against most of CT who were shorting, we made nice gains and hit 4k range as mentioned last night. We also elaborated that we needed to stay and close inside 4k before looking at 4.4k again. If not, then we will test our support again. Which we are kind of on the way to right now. After the pump, most of the volume and volatility died and we had some occasional pumps here and there. YET, we have not seen a BART dump yet and are rather following a small downtrend on smaller timeframes, which should not be too hard to break. Most important S/R right now? 3434 3550 3666 3730 3820 3950 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -2.53%, but gained 5.65% MarketCap? Total MarektCap is 127 Billion - gained 1 - Of wich BTC is 68 Billion - gained 1 - With a Dominance of 53.8% Volatility? The 30d avg Volatility is 5.52% - -0.01 - Shorts/Longs? Shorts - 34.5k (danger-zone) Longs - 26.7k (solid) - S -1.8 / L +0.2 - Funding? The last 3 funding rates added -> -0.26% - +0.02 -> gained a small amount - Momentum? The TJ-Momentum is still red but very low. As soon as we see it green, it will be a rising momentum and it will be a bullish sign for Bitcoin. Until then we need to keep a tighter Stop Loss and lower leverage as well as margin. Volume? We are STILL waiting for a big volume breakout. Today we see right now still little lower volume than yesterday, yet the body of this candle is also way smaller. For this one would be great to close green with a solid body around 3900. The volume could stay the same as well, still waiting for the big move. TJ-MF/StochRSI levels? TJ-MoneyFlow - We are seeing a nice green, yet still below the 0 line, its basically showing us another divergence in volume and momentum for the price. StochRSI (still trending up) K(blue) - 73 D(orange) - 48 Divergences? I am still seeing the volume going sideways bit the price going down. The same with the price going down and the TJ-Stoch going up as well as the TJ-MoneyFlow continuing up. A big move is still incoming, indicators are rather showing us the possiblity for a move upwards to test the resistance at 4.4k. Market Structure? We are fighting the bearish sentiment and fighting for that 4k level very much. Right now, we have to be careful with a possible inverted hammer on daily, which would lead us probably more down to 3700 or even 3600. Should we close above 3900 at least, it would be a solid close and we might continue to fight for 4k. Even on smaller timeframes a simple BART formation is not very likely YET, It seems like we need a little more of those 100-200$ candles. Overall? We are seeing some nice changes behind the scenes, which leaves us with a POSSIBILITY not certainty yet for a nice bounce. Should we not see a bounce I will be heading for that nice Adam and eve double bottom on the daily, similar like we had it in the summer when we made that 5738 low, the rallied up to 8k. We have again an insane funding rate, which is making me feel good about my long position being below entry, giving me those small gains as well. Staying above that 61.8% line is pretty good right now. Adding to this once again to simply watch out for bearish signs, but right now the scenes behind the chart are getting ready for something. What do we want? We want to stay above and close the daily above 61.8%, also would be nice to stay above 50% this day which would be 3922$ and close solid. A little more volume than yesterday would be a nice thing to have at the end of the day. Position? Keeping the Long position. Still not convinced of a short position. STILL READY for a possible test of 3400$, without panicking. Entry at 3.9k is ok Entry at 3.8 is good Entry below 3.7 is very good Let me know in the comments and leave a like if you like the infos and want to see it daily. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
5
$BTC - #Bitcoin-Daily-UpdateHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update What happened in the last 24h? Finally we are seeing some more movement in the markets!! We saw a nice dump, filling up some orders at the horizontal supports. We broke the uptrend on Bitcoin and are left with the horizontals. Yet there are still some hidden things, that are bugging me out right now, which is why I am still sure of a long position. We are still able to see a C correction wave right now, testing the low to mid 4k levels. Right now, we are targeting to break and stay above 4k rather than looking making higher highs. Most important S/R right now? 3434 3550 3666 3820 3950 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -8.86%, but gained 0.56% MarketCap? Total MarektCap is 126 Billion - lost 10 - Of wich BTC is 67 Billion - lost 6 - With a Dominance of 53.7% Volatility? The 30d avg Volatility is 5.4% - -0.01 - Shorts/Longs? Shorts - 36.3k (danger-zone) Longs - 26.5k (solid) - S +1.3 / L -1.0 - Funding? The last 3 funding rates added -> -0.24% - +0.18 -> gained a lot - Momentum? The TJ-Momentum is still red but very low. As soon as we see it green, it will be a rising momentum and it will be a bullish sign for Bitcoin. Until then we need to keep a tighter Stop Loss and lower leverage as well as margin. Volume? We are STILL waiting for a big volume breakout. What I see today is calming me down, because the candle is way bigger but the volume is almost the same, just little higher than yesterdays, which is why I am more sure of a re-bounce to at least 4k. TJ-MF/StochRSI levels? TJ-MoneyFlow - We are seeing a nice green, yet still below the 0 line, its basically showing us another divergence in volume and momentum for the price. StochRSI (still trending up) K(blue) - 64 D(orange) - 40 Divergences? I am seeing a small volume and stochastic divergence. I would love to see that TJ Momentum to turn blue, so we are sure of an uptrend at least behind the scenes. Let's see how this one plays out. Market Structure? We broke the uptrend line. We have right now a bearish engulfing BUT we are staying with the closing of the candle above the 61.8% (3814). It might be a possible BART beginning here. Overall? We are seeing some nice changes behind the scenes, which leaves us with a POSSIBILITY not certainty yet for a nice bounce. Should we not see a bounce I will be heading for that nice Adam and eve double bottom on the daily, similar like we had it in the summer when we made that 5738 low, the rallied up to 8k. We have again an insane funding rate, which is making me feel good about my long position being below entry, giving me those small gains as well. Staying above that 61.8% line is pretty good right now. What do we want? We want to stay above and close the daily above 61.8%, either stay below 3900 with this low volume, or closing above 3900 with a possible red bull hammer but little bigger volume. Position? Keeping the Long position. Entry at 4k is ok Entry at 3.9 is good Entry below 3.85 is very good Let me know in the comments and leave a like if you like the infos and want to see it daily. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
4
$BTC - #Bitcoin-Daily UpdateHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update What happened in the last 24h? Looking at todays chart, we see a lot of indecision in the market. We are seeing a doji as a possible close for today, same as the weekly that we will be getting. Yet, even if this shows indecision in the market, there is something hidden good/bullish things behind it. We saw again normal weekend low liquidity and volatility, not many pumps not many dumps, but still tightly holding the support. Most important S/R right now? 3550 3666 3820 3950 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -2.62%, but gained 3.26% MarketCap? Total MarektCap is 136 Billion Of wich BTC is 73 Billion With a Dominance of 53.7% - nothing changed here since yesterday - Volatility? The 30d avg Volatility is 5.45% - +0.09 - Shorts/Longs? Shorts - 33.0k (danger-zone) Longs - 27.5k (solid) - S -0.5/ L +0.1 - Funding? The last 3 funding rates added -> -0.06% - -0.218 -> lost a lot - Momentum? The TJ-Momentum is still red but very low. As soon as we see it green, it will be a rising momentum and it will be a bullish sign for Bitcoin. Volume? Still waiting for that bigger volume to come in, YET today we are above yesterdays volume, which is already a nice sign, for the start of the week and first Monday of the new month. TJ-MF/StochRSI levels? TJ-MoneyFlow - blue(trending down), yet still below the 0-line. StochRSI (still trending up) K(blue) - 62 D(orange) - 34 Divergences? Everything is moving up, no divergences to see here at this moment. Market Structure? The Market structure has not changed much. We are getting a weekly close with an increasing volume green doji. Daily might close as a red but preferably as a green, still indicating a possible bullish move soon. Overall? Trend is still up, we are waiting for the TJ-Indicators to turn really bullish until we have a confirmed trend up. Right now, the shorts are still high, a little amount dropped off but they are still in that rising wedge and most likely breaking out soon. YET, they might still gain, if we don't break the 4.4k and then let us the impulse move we have been waiting for. What do we want? Right now, we simply want that green close. Even though, 4.1k is still good. We want that TJ-Stochastic to enter above the 40point line, really giving it some speed and confirming the uptrend. Position? Keeping yesterdays position -> As we saw that the 3820 is a solid intermediate support and we are overwhelmed with bullish signs, I am in a long position, with staggers down to that level and a SL below 3800. TPs are right now set every 50$ 5% of my position. On S/R is also good but rather riskier at this moment. No TPs filled today, snagged that nice funding rate again, leaves me with enough profits rn and we are still keeping the staggers below. Entry at 4.1 is ok Entry at 4 is good Entry below 4 is very good Let me know in the comments and leave a like if you like the infos and want to see it daily. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.P
by KongTrading
$BTC - #Bitcoin-Daily-Update (new format) - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions. This time I am introducing a new format that I want to try out to make it more consistent and easier to digest. - The Daily BTC Update What happened in the last 24h? In the last 24h we saw some decent moves. We got rejected at 4.4k pretty strong but confirmed 3.8k as a good support. The 3950 range had really a lot of volatility. We closed the daily at 3972 which was rather bullish and could be interpreted as a bearish engulfing, yet in my eyes this was a normal rejection of 4.4k and a divergence on smaller timeframes that caused this. Applying fibs from the bottom wick to the top wick, we have closed above 50% and almost touched 61.8%. Depending on what wick you like setting it, it was a perfect 61.8% retrace after a push. Most important S/R right now? 3550 3666 3820 3950 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -1.59%, but gained 5.5% MarketCap? Total MarektCap is 136 Billion Of wich BTC is 73 Billion With a Dominance of 53.7% Volatility? The 30d avg Volatility is 5.36% Shorts/Longs? Shorts - 33.5k (danger-zone) Longs - 27.4k (solid) Funding? The last 3 funding rates added -> -0.28% Momentum? The daily Momentum is rising slowly, yet from a bearish into a bullish one. Volume? The Volume has been decreasing since the last two new yearly lows, we are under the MA of it, which tends to brings us back up and shoot over it. -> Big Volume Incoming RSI/StochRSI levels? RSI - 34.8 (low) StochRSI (trending up) K(blue) - 60 D(orange) - 28.8 Divergences? Everything is moving up, no divergences to see here at this moment. Market Structure? As many have seen it before, we are seeming to form an inverted Head and Shoulders, yet I am agreeing with other experienced traders that it is not a correct iHnS. It is more an uptrend, 61.8% bounce and what seems be forming, Elliot waves. At least we are going for an ABC correction after the dump, where we should have completed A and B already. Overall? The trend is up, we have bullish signs everywhere. We had a humungous drop from wich we still need to recover. I see the SHORTS forming a rising wedge and breaking anytime soon. This would agree with all the other bullish signs, like the iHnS, ABC correction, uptrend, due for a volume breakout and the insanely high funding rates in the last days. What do we want? We want a strong close above yesterdays open and in the best case a close above 4382. Position? As we saw that the 3820 is a solid intermediate support and we are overwhelmed with bullish signs, I am in a long position, with staggers down to that level and a SL below 3800. TPs are right now set every 50$ 5% of my position. On S/R is also good but rather riskier at this moment. Entry at 4.1 is ok Entry at 4 is good Entry below 4 is very good Let me know in the comments if you like the infos and want to see it daily. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
3
$TRX #TRXZ18 - Breakout soon? - Day Trader ExplainsHello Lads and Ladies, Lets do some quick TA on Tron today. Things are starting to bounce and opportunities are here again for some nice but still safely set-up longing positions. Please take note and always watch the market. BTC dropping 44.77% within 3 weeks is an insane amount without a significant pump. - When BTC pumps, it will also have an impact on all other coins. So, what are we seeing here on the chart? I picked the 12h chart to show you something that I use myself a lot but many have still no idea about it and how to use it. It is the RANGE. To pick the range, we would set horizontal lines at the very top and at the very bottom of the chart. As you can see right now, we are pretty much at the bottom of this range for Tron. We are STILL respecting the very strong downtrend. We are creating higher lows inside of a triangle. We still did not have a close below 300 sats. We are forming a bull hammer right now. We are coming to an end of the triangle with an increasing chance of getting squeezed out. Why are there two buy zones? The yellow one is at this moment a good point to set first orders, entries etc. This is area where we have the lowest closes. The green buy zone is basically an area where we only have had wicks down to, which I see it as the best buy in opportunity and also where you have your staggers. Summary? > Ending downtrend > Bullish 12h close > Re-Testing Downtrend > At the bottom if its range > Entry below 310 is good, below 300 is perfect > Targeting the middle of the chart range (356) Please note that this is a 12h chart and requires lower leverage. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
TLong
by KongTrading
10
$ETH #Ethereum - Quick TA - Day Trader ExplainsHello Lads and Ladies, Let's get a quick TA down on Ethereum. We can see here very well that Ethereum is quite weak and has been very weak in the latest drops, even made an unexpected low of $115. Right now, likewise to the Bitcoin TA, we are basically in a bear flag or even a falling wedge and it is not looking bullish. We can see that we have a strong support at 120$ but breaking it significantly, is really making me unsure of bounce here. The broken support simply needs a close below it and its dropping again. So, technically we have once again the situation. 4h Bearish market structure -> short Broken support -> short Weak $ETH in a lot of trouble lately -> short Momentum indecisive but nowhere near a long yet. -> short StochRSI is above middle, very thin apart and in short mode, little drop and it opens up again. -> short OVERALL -> SHORT SL? Close above orange line. -> Invalidation then. TP? Basically every 5$, if you want to be sure, make it every 3$. Some hopium? Expecting a big big bounce for Ethereum. It might be at the tip of the MS at 106$ I rather plan 100$ for the bounce. Also have an order at 90$ for my long term Bitmex hold blockfolio.. would be juicy. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. We are also having a discount on our private mentoring group. Check out or discord and the #info-paid-service Cheers, TJ
BITMEX:ETHUSD.PLong
by KongTrading
5
$XRP NOT The New Standard - Day Trader ExplainsHello Lads and Ladies, Welcome back to a rather shorter version of TJs TA session since this one is really obvious. We are looking at XRPZ18 this time. We have seen a lot of things happening after the Bitcoin drop. Ripple has taken the second place from Ethereum from the market-capitalisation. This is once again the so called "S * * T C O I N Flippening". This Flipping is quite positive news for everyone holding ripple letting them to believe that it is more worth right now, which is followed by a senseless buying. The first, most important and bearish indicator I see right now is a bearish divergence on really almost every single timeframe that you can look at between 1h and 1D. This means that the recent Chart-HIgh does not mach with the RSI-High. So the recent Chart-High is higher than the previous one but the recent RSI-High is lower than the previous one. As much as Ripple might be pushing and causing you to FOMO into it, Take a look at our FOMO trend indicator. It is a no-trade zone and indicating that we are supposed to not open any new LONGS. I myself am shorting from 9300. I would suggest following the market structure and looking for a close below the trend line, as well as the close below and break of the red line. Should we break it, we will be pretty good to go to sleep calmly and short with 10x leverage. The plan here is to stagger up and then move the leverage from 5x to 10x whenever it is "safe" so you can use the margin for other trades. I would stagger up to 9385 and have the TPs towards and at the indicated lines. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
XShort
by KongTrading
1
$BCH #BCHZ18 - Bouncing BitcoinCash Trade - Day Trader ExplainsHello Lads and Ladies, Welcome back to the TJs TA Session, today we will be taking a glance at BitcoinCash and why this might be a good LONG position. After multiple signs of a turn in trend and a massive 35% retracement on BitcoinCash, we seem now to have found a decent level of support. Here we are as well experiencing a lot of action which is giving us a nice possibility to make good and well planned leveraged trades. The first thing that I want to talk about is the fib lines. This is one of the best examples one might find for using fibs. We have here a very clear downtrend, as well as a clear bottom. Meaning by that we can simply apply the 1 at the top and 0 at the bottom. Fibs is showing us a possible retracement/bounce after a short term trend (depending on your timeframe). Since we are in the middle of the fight, you can adjust the fibs a little and not catch the very last and lowest spike at the bottom, sine the 23.6% fits better at that point. Now lets take a look at our RSI and StochRSI indicators. RSI is down to 31 points and showing us a mini bullish divergence on the 6h chart. StochRSI is looking very very flat for a long time and now slowly starting to turn and break back upwards. We have the all time BitMEX low at 631 and we went down to 632, basically retraced fully to the very bottom. Especially with a day left till the hard fork of BitcoinCash, we might still see a nice pump. AAAANNND A MASSIVE DUMP WHILE DOING IT HERE :D Still valid, still good, simply stagger up longs till support and then run the bounce. Based on all of the above I will make my trade like following: BCHZ18 LONG 7.5x - 15x Buy -> NOW - 560 - 545 - 525 - 495 Targets (longer term) are our fibs -> 723 - 772 - 811 - 850 Targets (short term) -> 631 - 650 - 687 - 700 - 722 - 753 - 777 Stop Loss -> 480
BLong
by KongTrading
1
$BTC #XBTUSD - Swinging Bitcoin Trade - Day Trader ExplainsHello Lads and Ladies, We will have today a section called 3 BitMex Coins of the day. We will be starting off with number 1 and take a look into XBTUSD. This one is pretty simple and also fairly easy to trade. We had a push from 6210 all the way up towards 6568, over a few days, which has been following one clear trend. I like looking at the 6h chart lately because it gave the perfect information of a swing trading perspective, following and turning trends. We can see that we had a retracement towards the 61.8% line after the initial push. This retracement was following a simple and straight trend line as well, which we can see clearly stated. This retracement had a lot of action, yet also turning points on the 61.8% line even though it has wicked below a few times. Looking at it as it is right now, I would love seeing a close outside the downtrend line, which would confirm us the a "safe longing opportunity. Since this (push, retracement to 61.8 and second push possibly) are all considered as one move, as one continuing market structure, we can safely assume that we will follow the same uptrend line again. For making the best "guestimation" we would simply take the duration and the increase of the last push and see what significant line we would be hitting this time. Looking at it, we have exactly 8d and 6h of uptrend and with an increase of definitely over 5.5% This region that we would be brought up to is around one of the "magic crypto numbers" 6666. Yet, we definitely cannot underestimate the 6350 to 6480 area that we have been deemed into.. This one will be tough but not as tough as last time to break. After doing so, we should be seeing a nice close above 6500 or maybe and really hoping for it, above 6600. This would confirm the bullishness and safe us a lot of trouble again. From there on, we would have to confirm the next support before making the next more, OR simply pump to 6800 and say in that area. Based on all if the above, I would start longing when FOMO gives a buy signal, simply because that would be around the break and close above 6385 and with it having a second confirmation. To add another indicator, I would simply look at the Stoch RSI and would love here seeing an increase again, which will simply bring us to the desired levels. I will be doing this trade with around 25% of my account with a 25x leverage. Do it before the breakout, it might move fast after it. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. All other coins will be posted in my private groups, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
$LTC #LTCZ18 - Technical Outlook - Day trader ExplainsHello Lads and Ladies, As we just had a live call, i want to make a small update on Litecoin. Especially for the trading pair on BitMex. We have here on the pointed out green points, points of interest of multiple groups. We just confirmed our previous trend and bounced back up to and above the 61.8% line. Looking at it from this point on, we have a very strong historical support at 860 for LTCZ18. Should we mange to have a close within the next 24 hours above it, it will be considered as a solid buy opportunity. We have tested the 880 resistance but did not manage to hold it long enough. Therefore, we will most likely see a test there again and since we have an uptrend but a horizontal resistance we will most likely get squeezed out of this structure sooner or later. From my point of view, this will be pretty soon. A nice play out would be towards 870 and then testing the uptrend line crossing 860. If we confirm another confirmation on this one, we will be able to break 880 comfortably and go further THROUGH 900 towards 920. All of this should be playing out within a week. A break of 830 would confirm the break of the uptrend and most likely bring us back down to 810. Since everything is mooning and we see a lot of positivity coming back in, I expect Litcoin to move pretty soon as well. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
LLong
by KongTrading