Today`s ALT!!! BNBBTCBINANCE:BNBBTC
Exchange : Binance
Coin: BNBBTC
Buy Zone: 0.00183~0.00175
Target Point: 0.00198/ 0.00217/ 0.0023/ 0.00268
S/L: 0.00172
Risk: HIGH
Term: Middle-Long
It was broken the Falling Wedge.
But it`ll be able to support blue line
because there is Bullish Divergence on the chart and BNB can be uesd Hedge of BTC
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Today`s ALT is that information is raised regardless of the Coin market situation
So sometimes there`s a high risk trading
Investment is your responsibility.
I'm just providing about coin`s information
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Exchange
Binance all set to launch its own digital currency named “Venus”
Facebook recently made an announcement regarding the launch of its own digital currency called Libra. Do you know the zodiac sign “Libra” is ruled by which planet? (in astrology) The answer is “Venus” and that’s the name of the digital currency which is going to be launched by the world’s largest cryptocurrency exchange Binance.
Binance already the largest cryptocurrency exchange in the world is going to dominate the digital currencies market with the launch of its own cryptocurrency Venus. Yi He, the co-founder of Binance addressed a media conference and made the announcement.
Here is what she said: “We believe that in the near and long term, stablecoins will progressively replace traditional fiat currencies in countries around the world, and bring a new and balanced standard of the digital economy.”
She added: “We hope to achieve a vision, that is, to reshape the world financial system, allow countries to have more tangible financial services and infrastructures, protect their financial security and increase the economic efficiency of countries.”
Venus is going to be an open blockchain with the wide range of applications and it is expected to be quite versatile far as its usage is concerned.
When Facebook made a similar announcement it came under the scanner for its financial and economic impact. Many Governments and Central Banks started being skeptical about the impact it will have on the various currencies and on the economy and financial systems as a whole and Venus will have to face some challenges now that it is going to step in the market after the announcement.
Bitcoin rise, a classic Wyckoff rising patternIf you look at bitcoin price moving during the last month, you will find it easy to recognize that the trending is a rising trend matching Wyckoff pattern. There are 3 phases included in this market trend: drop, callback(not back blending sorry :)), and second verification, and also you can see during the second verification the volume is not extending but shrinking, which means big shark of bitcoin collector they are collecting sold bills (including unfirm holders). Then it must be jumping out of the box with a huge rise. I strongly support that there is a new round of bull market for bitcoin.
Also, if you look at other alternative coins, it is a bit bad. They don't get a rise when bitcoin is rising. I think this is due to the bull market in 2017, when these coins have experienced many commercial exploitations and holders would not want to exploit the price for such coins again. My research analysis shows that old alternative coins with btc trading pairs drop mostly in this round of bull market(I mean until now). so a good strategy would be to pay more attention to new alternative coins. The way of making a shit load of money is changing to just pay attention to alternative coins in big exchanges.
There are two reasons:
1. Some bad/unknow exchanges will be dead.
2. hot money will flood into big exchanges. As you know that the exchange coins they have risen a lot this year, exchange coins will be precious than before, exchange coins holders tend to hold their precious exchange coins for joining IEO, this could cause IEO coins to be also precious. Hot money will flood into exchanges buying exchange coins and this will push exchange coins to rise and also push IEO coins.
So the best way is, to use 70%-80% of your money holding btc, and the rest money can pour into ieo coins for those known exchanges.
BNB - Breakout Rejection - More Drops To Come...Binance has been bullish throughout the most of the year in BTC price value but over the last month or so, it has been struggling.
We feel that a lot of the money out of Binance has been put into Bitcoin as profits and volume is gradually lowering a long with the rate of IEO's and exchange upgrades.
USDRUB POTENTIAL LONG! (RUSSIAN RUBLE) USDRUB POTENTIAL LONG
OK SO I USUALLY DON'T TRADE THIS PAIR BUT I WANTED TO THROW A COUPLE EXOTIC PAIRS INTO MY ANALYSIS FOR THIS WEEK. OK SO IF YOU TAKE A LOOK AT THIS PAIR YOU CAN SEE SOMETHING PRETTY SIGNIFICANT THAT JUST RECENTLY HAPPENED TO LEAD TO THIS ANALYSIS. IF YOU TAKE A LOOK JUST IN LAST COUPLE DAYS YOU CAN SEE A LARGE REJECTION TO THE DOWNSIDE AND BUYERS COMING IN TO PUSH PRICE WAY BACK UP ACTUALLY CLOSING PRICE FOR THE DAY ABOVE THE RECENT STRUCTURE SUPPORT. THIS DISPLAYS THAT THE BUYERS ARE VERY INTERESTED IN BUYING THIS PAIR (REASON DOESN'T MATTER TOO MUCH). SO WE CAN SEE THAT THEY ARE INTERESTED IN TAKING PRICE TO THE UPSIDE AND THAT THE SELLER DIDN'T HAVE ENOUGH CONTROL TO STOP THIS REJECTION TO HAPPEN; DISPLAYING BUYER CONTROL. NOW EVEN THOUGH PRICE ISN'T UP-TRENDING THE REJECTION, MOMENTUM, AND COMBINED WITH STRUCTURE, DISPLAYS A GOOD POTENTIAL BUY OPPORTUNITY. LOOK FOR CONTINUED BUYER MOMENTUM (INTEREST) AND GOOD RISK/REWARD RATIO!
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The Cryptocurrency Market as of this day in time.First of all, TA.
Between channel - between the 5th of October and 18th November we broke our bearish channel, seeing heavy price rejection on the 15th of October and a consolidation thereafter before bearish movement back inside the channel showing price rejection.
72 MA - derived from there being 72 candles on the 1monthly graph or 6 years which is only made available to us here on trading view however On 17 March 2010, the now-defunct BitcoinMarket exchange is the first one that started operating, on the 22nd May 2010,
therefore i have added a 104 MA to the equation.
I could change the exchange but there is not an exchange available to us which has been around for the entire life of bitcoin and therefore (although the original values may be seen as anomaly's) it would still be interesting to do this. -raw data could be combined from old exchanges to new to provide transparency- if available.
Strong rejection to the upside on 15th Oct 2018 Weekly Candlestick.
No confirmation from AC for bearish momentum although on the 2D graph there are signs of a slowdown but is not confirmed as there are no lines closing below 0 as of this moment in time but in the long-term this shows no real signal until it is developed on a bigger timeframe. Not a lot
RSI is also not giving us a clean picture, however, potential retracement to between 40-50 would make sense as these levels have been shown before over a large period of time but this it will depend on the development of data over the next few weeks.
I put these on to further show indecision within the market.
While we are in a Bear market, it is unwise to catch a falling knife - this is a very common saying in Wall Street. (Unless you are a strong bull and have evidence as to why)
However, there has been no confirmation of a further decline. Could this be the bottom? or can we go further? In my opinion, there is room to go further down and it would be wise to wait for a confirmation of a bull market.
As we are in this area of uncertainty, i would say there are two outcomes: We continue to test the lower boundary of the bearish channel or we break out of this channel, retest, bounce up and test overhead levels anywhere between 5800-7600, then i'd go on to enlarge that range to 8200 according to price-analysis but it might be worth taking into account this was during an extremely choppy period for bitcoin. When we are in a successful uptrend from then on I'd say we will be in a Bull Market and it will make sense to invest.
Maybe we're just retesting a support level from a previous time? never rule out any probabilities.
I think it is very likely we may spend the next 6 months to the majority of the end of the year within the accumulation period before establishing a significant uptrend to turn around the bull market, if that's all you're here for.
Institutions have used Gold as a hedge, the regular safe haven as a medium of value in times of uncertainty, as can be shown in the past during the 2008 financial crisis, with Gold having an ATH of almost 2000usd per troy ounce.
A bit of information you should know if you care about your funds,loved ones,etc:
The purpose of Bitcoin and Cryptocurrencies as a whole is to provide a Decentralized medium of exchange. (A medium of exchange is a store of value used by buyers and sellers)
Bubble assumption - Many traders have considered BTC and other cryptocurrencies as a bubble where the price was pumped by buyers whom may be gullible to FOMO as they have not had a proper look at the cryptocurrencies in depth which is understandable due to the amount of time available to them to do so - or lack of interest and wanting a *get rich quick* scheme - arguably, the news is to blame for this but it has lead to increased interest on the Cryptospace. Another point to consider would be that in our global economy do we, the people, need a decentralized medium of exchange? or are we happy with settling with central fiat? if the billion-dollar cryptocurrency market doesn't tell you its here to stay, what is it telling you?
Facing the facts:
Now that more regulation is in place such as KYC and AML schemes from Governments being forced onto exchanges, surely this means that certain cryptocurrency's have a future.
However, even though such schemes have been put in place on various cryptocurrency exchanges there is the odd pump and dump exchange which will occur now and then (pumping and dumping is illegal on stocks) however in cryptocurrency it is not as of this current moment in time.
Whether it is declared illegal or not to pump and dump it will not change the fact that there will always be people and bots whom use everything in their arsenal to spoof the system which is out of control of central governments.
Fiat Currency outdated - Government bodies seek to provide a central medium of exchange to provide reliability for transactions between buyers and sellers, however, security is an issue with these mediums of exchanges. By purchasing a physical cryptocurrency wallet (from the original supplier, whoever you choose - as a popular defrauding tactic is to install apps on wallets and resell on amazon to steal) should provide sufficient security in cold storage of these devices, be innovative and think of where to store these, furthermore store your seed key in a safe place as you can then recover your cryptocurrency, accessible only to you.
Why is it good for me? you may ask.
Surely consumers businesses and bank models want sustainability, reliability and ease of access to their funds as well as cheap cross-border transactions such as those offered by XRP.
There is so much
Sustainability-
Governments want to provide sustainable economies within their country. Cryptocurrency allows safe and secure transactions as long as you give a small amount of care to protecting your funds, much better than fiat.
Businesses want a sustainable infrastructure that is going to be here for the longevity of things, as well as security. This would be provided by the mass adoption of cryptocurrency.
Consumers want to make sure their transactions are secure and can not be robbed by the local *roadman* down the street (we live in an age where large proportions of the younger generations are being brought up to assume wearing branded clothing is associated with jealousy, causing this.) Back to the topic, using cards accomplishes this you may argue.. until it is stolen and the credentials are used against you, such as acquiring relevant person information and spoofing your identity - "identity fraud".
This *need* is provided for by cryptocurrencies such as Ripple (XRP) or main competitor STELLAR (XLM)
Ripple's xrapid technology is in the process of being tested in multiple banks across the globe.
The same can be said about Stellar.
Reliability-
Governments - They won't need to waste paper or plastic/whatever material on physical *mediums of exchanges* (Money, Fiat.) is made out of, for example, once upon a time currencies were made out of more valuable materials, based on the assumption these materials are infinite maybe? who knows... An example of this would be 97% of 1p and 2p coins in the United Kingdom being made out of copper-plated steel since 1992.
on physical *mediums of exchanges* (Money, Fiat.) and therefore the Government can rely on a decentralized medium of exchange to protect you.
Businesses - We want money, lots of it (assuming businesses are greedy) and we want to be able to store it safely and securely. Crypto's means no need for stockpiling money.. oh wait cards do that already? Card users databases are leaked often and fraudsters purchase them from x uncensored/impossible to take down site, however it could be argued darknet sites last a year or so before dying, probably because of an advancement in technology. Let us talk about Quantum Computers and how these may be used to decrypt the latest encryption methods... (Off topic, i know.) - IBM has been researching/developing these since 1990. Point being, if someone is committed enough they will use everything in their arsenal to fight back at you so conform to norms.
Consumers - How reliable is my credit card?- pretty reliable until something goes wrong with the banks and the card gets declined.. or you get defrauded by a fraudster whom has evaded all of the latest anti fraud techniques. (Let us talk about browser fingerprinting) With cryptocurrencies, this is diminished by the use of blockchain technology - a good thing to read up on, therefore you'll know what you're buying into, a medium of exchange which is almost guaranteed to rise up in value in the longevity as long as Governments, Conglomerates and Businesses as it will all lead to adoption in the market.
Why does x cryptocurrency offer value to me, the consumer,business,government of x country? Great question, glad to help you. It provides up to date protection and security so you have control over your own funds, there are many "stable" coins out there, naming the most popular one would be Tether (USDT) so why not avoid the bank and store your currencies on a decentralized wallet or *trusted* exchange of your choice which you believe is not prone to hackers. Personally, i would recommend Binance for a few reasons.
1) They are the biggest exchange, assumingly the most reliable - however - this could lead to it being a target for hackers who want to steal your funds out of your wallets. By being the biggest cryptocurrency exchange by 24hr volume every day you can give them credit where its due as they have the infrastructure to secure your funds by working ontop of their api.
2) They literally reimburse your funds if you lose them due to events out of your jurisdiction, ie, hackers stealing your funds. (You won't get them refunded if you do not have a password on your phone and your mate steals them because how can you prove this?)
This is just a recommendation, you can obviously use other exchanges such as huobi,bitfinex, etc but do your research first.
We could also talk about mining costs for x cryptocurrency, for example bitcoins being below
Mining is basically a DOS-prevention mechanism known as "proof of work." There's a math problem that is very hard to solve, but very easy to check the solution for (there are many types).
So, when you add a new entry to the transaction log ("blockchain") -- basically a list of "transactions that have happened in the last X minutes" -- you need to include a solution to the puzzle.
To encourage participation, the system includes a provision that, as a reward for solving the puzzle and recording the log, you also get to conjure a bit of the currency out of thin air and give it to yourself. In other words, "mine" it.
To summarize: Solve problem, post solution, profit.
Now, why does such a system exist? It helps prevent people from taking over the transaction log by just doing whatever they want. You have to put in an insane amount of work just to make one entry... which means that you can't really spam it. You would need to spend much more compute power than every other person/group working on the problem, which is infeasible in all but the most disused currencies.
To conclude, while there will always be people whom breach the system and take advantage, you have to hope that the future is a brighter place where governments may listen and understand the value of cryptocurrencies and stop trying to render them as obsolete due to either not caring about the subject or personal interests from the highest in power. Cryptocurrencies have a Genuine use and although their reputation may be brought down by users of the darkweb -naughty people who want to steal your funds- you can protect your funds so do not fall for FUD and hodl throughout FUD. Also, do not fall for misinformation, do your own research and uncover the truth.. most industry's are not effected as heavily by FUD but this is one of the major restrictions in crypto adoption which bulls must take with a pinch of salt, as previously seen before the hodl pays off, we may be in a 90% retracement but what happens after that? further accumulation before a boom? Only time will tell.
Long-term BULL, Short-term unclear.
While i don't believe in BTC as the currency which will take off, the majority of crypto's a currently tied to BTC however when a decoupling of crypto's happen (which will be shown by the majority of altcoins outperforming bitcoin) i'd say these opportunities we have now are even more buying opportunities. Ethereum has massive adoption already and its offering us ever more affordable buying opportunities if you think long term. There are plenty of opportunities for us traders to capitalize on within this space for the future and many of these cryptocurrencies have real life high ecological validity.
Comment, Like and Follow to put forward your idea on the subject and show support!
I want to provide an unbiased opinion on my trading ideas, this idea assumes crypto's will be adopted however it takes a scope of detail into account, looking at cold hard facts which inevitably will lead to adoption as it is just a matter of time, and if you disagree then that is your opinion and you are well and truly entitled to it, thank you for reading :)
LTC - The “Cup With a Handle” Technical Analysis FigureLTC - The “Cup With a Handle”
Technical Analysis Figure
The classic pattern on the daily timeframe. Have you seen it?
Mastering the pattern is very possible before the "halving" process!
The Truth of the figure consists of numerous important positions, which cannot be ignored.
Conditions are following:
1. The promising uptrend is needed to start the formation of the figure. There is no point in hope for the formation of the price chart without a trend. Even if you'll find a perfect "Cup with a handle" drawing, it will be just a picture, which means nothing.
2. The depth of the forming "cup" should not exceed 2/3 of the previous uptrend height. The optimal choice is 1/3 - 2/3 of this value.
3. The depth of the “handle” should not exceed 0.5 times the depth of the “cup”.
4. The “Cup with the handle” is called to be the most reliable pattern on the daily or weekly time frames. It can also be seen on the hourly charts, but here the probability of its work is extremely lower.
5. The “Cup with handle” pattern should be confirmed by volume indicators. When the price moves in the direction of an uptrend - volumes should grow, and it should fall at its decline. The sharp surge in volume should accompany at the moment of breaking through the price level at the formation of the figure completion.
The conclusion: All of the rules above are true. Please, pay attention to the Stop Loss on the level of 0.014.
Buy - after the breakdown level at a price: 0.017.
Record profits - about 0.030.
Bitcoin Trading Bot - Forward TestingHi guys,
Last time I tested a strategy for over a month, and I must say I got lucky. You can check it here:
This time I will try to simply beat Buy & Hold with a 3H automated strategy for BINANCE:BTCUSDT
I will be using this script :
My starting capital for this strategy is 501.89822985 USDT
Let's get started !
BITCOIN - The Triangle Tip Coming Closer = Explosion!?The time goes by and the price draws us multiple patterns but none of them have made breakouts which can make those active/activated.
Over the night BTC price made a bigger descend comparing the last few days volume. It stopped on the previously worked support level exactly on the $7,600. Currently, this level has held us several hours and let's see do this level breaks or not. If it breaks then $200 fall and we have another one. This time there is an "old" resistance level which becomes support, it has worked also historically pretty nicely at $7,400. The $7,400 is a bit stronger level because there comes into the play one part of a drawn chart pattern - triangle bottom trendline.
The Triangle
The triangle should be an indication that soon we will see a decent action. Historically, it has guided the price nicely into the breakout directions, breakouts can occur in both direction but usually trend following breakouts are more powerful. The triangle tip getting closer and closer, the price smashed together and it is ready to explode. Now, we just have to wait for that breakout which finally should activate a pattern. To trade inside the pattern is a bit risky. If you can do it, please go ahead but my recommendation would be - wait for a breakout.
Where and when the breakout gets confirmed?
Bullish Breakout:
First bullish confirmation should come after the 4H candle close above the $8,000. Currently, the well-known 8k level matching exactly with the triangle upper trendline and if the breakout occurs before 26. May then this should be pretty powerful. Why before May 26? Because if the time goes by then the gap between 8k and upper trendline getting bigger. Then the candle has to be pretty long to make 2 in 1 breakout. Before that date, the 2 in 1 is pretty powerful and you should wait for it. The breakout should be made by the strong/long bullish candle, this will show that the volume has been hard enough to beat the strong resistance and we can go into the fight with higher and important price levels just above the breakout. The climb into the higher prices is not easy after the escape from the triangle, between 8k and 8,5k, are multiple key price levels, there is strong resistance at $8,200, there are areas which should make an important impact on the short-term and long-term price structure - higher highs. The break above the triangle upper trendline is the first step to the 10k and the last step is a break above the $8,489 - long-term higher high. Still, we can't forget that last Weekly candle close which will be higher timeframe supporter for breakout upwards from the triangle, plus chart pattern breakouts are more powerful into the trend direction.
Bearish Breakout:
As mentioned before, the $7,400 is the key support level. There are the strong price level and the triangle bottom trendline crossing area. If this level breaks then we have a break below the triangle and the strong level is also cracked, so, it should be pretty clear confirmation area and actually the similarities compared to 2018 July is pretty insane:
We can count this fractal as a confirmation after the break below the triangle. The first target is around $6,700, there is another strong price level and the 200EMA which should act as a support level.
Currently, the altcoins are mostly on the daily minus side and they are also waiting for some action from BTC but soon the movement comes. Triangle tip comes closer after every hour and triangle tip has guided the price into the explosions multiple times! Prepare for the breakouts!
Feel free to support my effort by hitting the "LIKE" button, it is my only fee from You!
Have a nice day,
Cheers!
*This information is mostly used for educational purposes only!
BNBUSDT SHORT 80%BNBUSDT
A brief summary of today's picture:
Everything continues in yesterday’s key, there is little positive, the alts capitalization on the brink, Bitcoin’s dominance is growing, it’s generally very strange that this whole picture with Binance didn’t give a good move down, now it’s still obvious that the market is pulling up on its ears and the interest of the one who pulls it will be closed the market will collapse hard.
Therefore, I have still reduced half of the altcoin residues and part of the BTC has fixed
In the course of what is happening, as well as reading various suitable channels and communicating with literate people, a general picture of what is happening begins, starting with the growth of Bitcoin tezer before going under 6k, including forks reloading cash, cartels, opposition to stable coins in European banks, theft 7000 btc on Binance ...... the picture is poor.
I hope tomorrow I will choose the time and put it all in order in a digestible format. I'd like to hope that this is only the fruit of my sick imagination, and not reality.
All scared, all a good day!
What does USD mean in Crypto World? Is BITFINEX Heaven or Hell?Why do Cryptocurrency World still rely on USD as a value measurement?
1 Bitcoin == 1 Bitcoin is what we are looking forward, isn't it?
As human being, members of the society, we need to pay rent, food, all kinds of products and services and love, which are essential to make a living. Because, Bitcoin and Crypto are not accepted by the traditional society for universal payment yet.
That is why, FIAT (USD) is still the rule to measure Bitcoin's value. You may not like it, the reality.
There are two popular methods to measure USD value in Crypto Exchanges: "USD" or "Stable Coin backed by USD".
Many exchanges use "BTCUSD", or "XBTUSD" for their Bitcoin - USD pairs, however, do those "USD" really equal to a US Dollar? Why do the price of Bitcoin value measured by "USD" differ from each other so much? The market is smarter than any algorithm.
The inflation of Bitcoin price based on "USD" normally means:
Hidden Cost: Much longer time and endless efforts to withdraw your "USD" balance to your bank account. (You don't even need to try - probably you will see many negative complains on Reddit) Or else, all transactions of Bitcoin -> USD will move to this exchange for the "highest" price, which is not the case.
As to "Stablecoin backed by USD", if a Stablecoin has credit problem, esp . the possible abuse of credit. The price of Bitcoin - Stablecoin of that exchange should be avoided being used for Technical Analysis , because the rule itself is wrong.
What a mess. BITFINEX could have been a perfect solution, if a Thether (USDT) were backed by a real USD. Many other exchanges provide only Stop order, which causes long wick. Do the exchanges benefit the long wicks ? I have no idea, really.
Where on earth is the "Dream Exchange" for Bitcoin and Crypto? Leave your comment, Buddy. PM me for Free Trial of "9 Seasons Rainbow MTF Indicator".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
BTC - Coinbase vs Bitfinex and the BIG QUESTIONI'm posting this chart to ask a question, not so much to discuss chart patterns etc.
There is a $300 dollar difference in the price of Bitcoin on the Bitfinex Exchange versus the Coinbase Exchange.
So why are people not buying Bitcoin on the Coinbase Exchange for $5,000, for example, and selling it for $5,300 on the Bitifinex Exchange? Or are they? And if so how is it done?
It seems to me that if this were possible right now people would be doing it 24/7
Your thoughts?
Digitex Futures (DGTX) Crash 70%+ After CEO Postpones LaunchDigitex, a highly-anticipated zero-fee, non-custodial futures exchange with its own cryptocurrency, DGTX, came out Friday to announce that it would be postponing the April 30 launch date.
Bitcoin BTC is on channel - btcusd btcusdtWe are in Monthly and Weekly on the highest point of our channel and MA200-100-50 are tight!
Next pump will bring us near to 6300-6500$
and this channel will begin to drop until september to next channel near to 7600-8000$
I would not recommend buying any altcoins until we see a btc over 6k $ - than dominance will start to drop under 48%
altcoins for a good opp. will be eth, neo, zil, dnt, wan, strat
coins they doing own thing are ripple and just ripple at the moment.
On top weekly:
Below is monthyly channel:
USDJPY EXTENDED OUTLOOK (SHORT) USDJPY SHORT
AS YOU CAN SEE ON THIS CHART I MORE SPECIFICALLY PAINT OUT A PICTURE THAT THE MARKET IS SHOWING ME ITS STARTING TO FORM. YOU CAN SEE THAT THE BIG PICTURE IS A SELLER THAT CAUSED A VERY SIGNIFICANT DROP IN PRICE FOR MONTHS. PRICE HAS BEEN RECOVERING IN A PULLBACK LONGER THAN IT TOOK TO DROP! MARKET HAD DISPLAYED A PEAK IN THE PULLBACK BY BUYERS DYING OUT AND SELLERS COMING IN. MARKET IS SHOWING A NOW LOWER HIGH (LH) AND LOWER LOW (LL) SEQUENCE. KEEP AN EYE ON THIS PAIR FOR WHAT THE NEAR FUTURE MAY HOLD!
USDCHF POTENTIAL SHORT OPPORTUNITY (4H & 1D)USDCHF POTENTIAL SHORT OPPORTUNITY.
SO IT HAS BEEN AWHILE SINCE I HAVE MADE A POST ON HERE AND ITS FOR GOOD REASON. THERE HASN'T BEEN MANY GREAT LOOKING SWING SETUPS! I HAVE BEEN PRIMARILY SCALP TRADING THE NY SESSIONS IN THE MORNING CATCHING MY PIPS THAT WAY. AS I WAS DOING MY PRE-MARKET ANALYSIS THE MARKET HAD SHOWN ME A DECENT LOOKING OPPORTUNITY ON USDCHF CURRENCY PAIR. AS YOU CAN SEE BASED ON HISTORICAL DATA THIS PAIR IS SITTING AT A VERY SIGNIFICANT PRICE LEVEL. THIS WAS THE LEVEL THAT BACK IN THE PAST FEW YEARS WAS AFFECTED BY CHF LEAVING THE UNION. THIS CAUSED A SHARP DROP IN THE CURRENCY VALUE AGAINST THE USD. PRICE HAS BEEN HOLDING AT THESE LEVELS FOR YEARS NOW SHOWING ME THERE IS STILL IN INTEREST AND MEMORY OF THAT PAIR DROPPING. GOING DOWN TO MY LOWER TIMEFRAME CHARTS CONFIRMED THE BIAS OF A POTENTIAL SHORT BASED ON MOMENTUM ALONG WITH THIS STRUCTURE. LETS TAKE A LOOK.
1D CHART:
*on this timeframe price is sitting at recent significant structure levels
*there had been a strong seller push on the daily leaving a bearish engulfing candle as well as its most recent candle leaving a large wick/rejection to the upside
4H CHART:
*on this timeframe this pair is displaying a failure to make new highs with signs of buyer momentum dying out
*sellers are stronger than the buyers and are causing a 100% rest for every up move
MY BIAS HAS BEEN CONFIRMED WITH THE PRICE ACTION THAT THE CHARTS ARE SHOWING ME. KEEP AN EYE ON THIS PAIR FOR GOOD ENTRY AND EXIT TARGETS. ALWAYS REMEMBER TO NEVER RISK MORE THAN 2% OF YOUR TRADING CAPITAL PER TRADE. NO TRADE IS EVER GUARANTEED TO GO IN THE DIRECTION YOU THINK.
PLEASE LIKE AND FOLLOW MY PAGE FOR MY PROFITABLE TRADES! CHEERS!
BTC Analysis - Long & ShortFrom this point onwards, BTC is most likely going to come into contact with the resistance at the falling wedge and go down to the support of the falling wedge.
The only possibility of BTC overcoming this falling wedge will most likely only come when the falling wedge crosses $3170 support line. Then, it will only have enough support to break through of the falling wedge and possibly have another contact with the $4045 resistance line.
Buy or sell opportunities are present when prices of BTC comes into contact with any support of resistance as stated below
Crucial Support
Support of falling wedge
$3170 support line
Crucial Resistances
Resistance of falling wedge
$4045 resistance line
selby_exchange - BTCUSD - Selby Bitcoin Price Analysis - $2915New price/time prediction system of extrapolation based on decoupled EMA's and a hybrid linear regression with sidechain MMAR
COINBASE:BTCUSD Price target $2915 on 02/24/2019.
Selby finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Rebellion=Change=Future
Humanity Love Inclusion Autonomy Respect Opportunity Truth Veganism Singularity
selby_exchange - BTCUSD - Selby Bitcoin Price AnalysisNew price/time prediction system of extrapolation based on decoupled EMA's and a hybrid linear regression with sidechain MMAR
Price targets $3240, $2919, $2620. $2170, $1627 and $1252, no timing on these however I could see most of these targets hit by April.
Selby finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Rebellion=Change=Future
Humanity Love Inclusion Autonomy Respect Opportunity Truth Veganism Singularity
selby_exchange - BTCUSD - Selby Bitcoin Price AnalysisNew price/time prediction system of extrapolation in Baseline based on decoupled EMA's and a hybrid linear regression with sidechain MMAR
Price target $3061 for 1-15-19 with resistance at $3929 and wick support at $2603
Selby finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Rebellion=Change=Future