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BTC (Y19.P6.Video.C) Cont.Is the bottom in?Hi, Welcome to my 3rd video which will be part of the series of the Bitcoin Macro trend. **************************************************************************************************** Note: I posted a Macro Level chart back in July this year that is doing a good job for the current price formation. The logic of this chart is also used as a reference but I did not have time to explain it in this video but it supports my thesis with the bottom being in. I will include that post in the next video as well, to explain why I think the price will move a certain way. The logic for this chart below, posted back in July is that after parabolic run, we will naturally see a sell off at the top. and then the price will drop back to the support zone where it all started from, the parabolic run. Here there is an already established channel. **************************************************************************************************** In this video I will be talking about the current trend and its structure and what my take is from a number of sources. Hence this presentation is a compilation of ideas that I have taken from others and incorporated them with my ideas as well. Unfortunately I ran out of time so I will need to continue this video to finish of with Moving Averages and the 3rd part, which is fib. channels. This video quickly recaps the previous videos and covers the x2 Btc cycles that occurred with each cycle having 4 phases or stages. Each stage identified with its parabolic advance which is supported by the RSI phase 1 and phase 2 have a common support level, base trend line so we are going to try to use this historical reference for today's chart This video covers chart structure using fibonannci as a means to make sense of the chart, I will highlight key milestones and pivot points with the help of pitchfork, fib fan, fib circle, fib extension levels The last part of this video covers the MA method. Using Ma, we get the bottom support line using the 50,100,200 weekly ma. cross over represents a bullish momentum. Previous Video Post July 22 post, that is somewhat accurate for today's price structure and this post demonstrates why it works based on a no. of assumptions.
BITSTAMP:BTCUSDLong
by ssari
2
USDCHFVemos un nuevo swing bajista de USDCHF. Los pares estables como este suelen dejarnos grandes movimientos y gran seguimiento de los analisis técnicos. En este caso encontramos grandes confluencias: - Por un lado ruptura de una tendencia alcista donde vemos la formación clara de un HL. - Por otro lado vemos un rechazo claro en una zona de reaccion del precio - LLegada a los posibles niveles de entrada de Fib - 2 Engulfing bar en H4 lo cual nos muestra la entrada de vendedores en el mercado - Rechazo de linea de tendencia bajista. Entrada con un gran R.R Veremos como se comporta esta semana!
Short
by Manuel124
BTC Trade Set Up | Bullish Divergence Hello Traders! Quick chart update today, a potential trade set up on Bitcoins current formation with a bullish divergence. Points to consider - Price respecting down trend - Structural support at .50 Fibonacci - RSI respecting trend line - EMA’s giving price resistance - Volume below average Bitcoin is currently at a price level that has historically been support by its trend line. A bounce back into resistance is probable for Bitcoin. Price has been respecting the blue resistance line, this is in a wedge formation that is coming closer to its apex zone. Structural support is at the .50 Fibonacci levels, a good technical take profit zone if price manages to reach it, this can be backed by the stochastic upside projected momentum… The RSI is currently respecting its trend line, diverging from price as it makes consecutive lower highs; this puts more emphasis on the bullish divergence on coming to fruition. EMA’s need to cross bullish and we need to see sustained above average bull volume to successfully push price up… What are your thoughts on this trade set up? Please leave a like and comment, And remember, “You never know what kind of setup market will present to you, your objective should be to find opportunity where risk reward ratio is best.” ― Jaymin Shah
BYBIT:BTCUSD.PLong
by The_Alchemist_Trader_
Russell 2000 Index Range Bound No Mans Land Hello Traders Today’s chart update will be on the Russell 2000 Index , currently trading range bound in no man’s land. We have two distinctive levels to watch; Support and Resistance , to confirm a bull continuation or an establishment of a bear trend… Points to consider - Trend has been range bound - Major resistance at $1605 - Local resistance currently from MA 50 and 200 - Local support at $1463 - Stochastics showing upwards momentum - RSI in neutral territory - EMA’s neutral The Russell 2000 Index is currently trading in no man’s land as the direction of the trend has not been established until we see a break from support and or resistance. Major resistance currently is at $1605 region, for bulls to reach this area; they need to break local resistance levels such as the .618 Fibonacci level and the MA 50 and 200, in other words bulls have some work to do to change the trend bullish… Local support is currently at the $1463 level, price is trending closer to this level, and bears have a smaller range to fill in order to break support. The more times a support level is tested, the more likely it is to break – this is also true for resistance levels. The RSI and the EMA’s can be said to be quite neutral at current given time, price is trading through the EMA’s, not giving a clear direction. This puts more emphasis on the no man land theory; we need to see a clear direction in the trend before placing a potential long and or short… What are your thoughts on the direction of the Russell 2000 Index? Please leave and like and comment And remember, “You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
TVC:RUT
by The_Alchemist_Trader_