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It it End of BITCOIN Uptrend?Hello Guys! You can observe a trend slowdown on the BTCUSDT pair and a decrease in volatility in the triangle, which is shown in the first 4H chart. The breaking of the triangle is expected until June 30. We are inclined to short-term correction of the uptrend to the area of Fibonacci levels of 0.5 - 0.618, which are in the price range of $7000-8000. It makes sense to open long positions after correction, or in case of breaking through and fixing the price above the level of $10300. Stay tuned and keep your risks under control! Best Regards FOBS Team
Short
by FOBS-Fund
4
Bitcoin potential global reverse to downtrend! BTC Short?Hello Guys, let's analyzing 1D and 1W chart for btc/usd. On small timeframes, we can see swing signals to long positions since the price of $8900, and it makes speculative sense to trade long positions, however, momentum strategies on 1D show that this is most likely a downward wave correction that will end below $9650. Also on the 1W chart, we can see the weakness of buyers and the first signals to close long positions. Today we would like to share the scenarios that we consider at the moment on the chart, and the FOBS trading strategy. At the moment, our positions in BTC do not exceed 25% of the total volume and are focused on intraday and swing trading. The long-term reversal strategy shows a long above $10500 and shorts below $8500 at the moment. Momentum 1D strategy also shows the expectation of short positions. For 1D, now the situation is outside the market. For 1W, we are potentially considering an exit from a position in case a downtrend is confirmed. The scenario of the continuation of the Uptrend we are considering after consolidating above $ 9650. Best regards, FOBS Team
BITSTAMP:BTCUSD
by FOBS-Fund
2
Bitcoin weekly Uptrend confirmation! Up to 14000?Hello Guys, last week has been closed with confirmation of uptrend. There signal to close all short positions and looking for entry points for new long trades. We are prognosing short term correction and next impulse wave. Buy zone is expected to be in 8600-9200 area. First resistance will be experienced on the yearly highs in area of 14000. In case of sucessful buyer attacks we are expect up move to all time highs. Best Regars, FOBS Team
Long
by FOBS-Fund
1
TRX midterm uptrend comes. TRON up to $0.045 till July.Hello Guys, Breaking up of bearish trend line and signals from our momentum strategies for long trades are coming on weekly TRX/USD chart. We suppose it's end of bearish trend for TRX. There is begin of new midterm upmove . First target is going to be in area $0.023-0.024 . We will support this positon trade on weekly base. If this post was useful for you - please leave your likes and follow us on social networks! If you don't agree - write your vision in comments. Best regards, FOBS Team
BINANCE:TRXUSDLong
by FOBS-Fund
Bitcoin short-term trades. Correction of impulse wave 1H.Dear Ladies and Gentlemens, on the chart we provide short-term trading scenario for BTC/USD. Green zones - potential open for long buy positions and close for opened short sells Red zones - potential open for short sell positions and close for opened longs. If this post was useful for you - please leave your likes and follow us on social networks! If you don't agree - write your vision in comments. Best regards, FOBS Team
BITSTAMP:BTCUSDShort
by FOBS-Fund
3
Bitcoin Market Cycle. Psychology & Mechanics.Just as important, riding a bicycle, or even a supercar, doesn’t fall under the train, in order to understand when and in which direction to trade - you need to figure out who you are playing against, how to behave in each of the phases of the market, and how to identify these phases. Today we’ll talk about the mechanics of the market and its participants. According to the postulates of technical analysis, which in turn is based on the law of market fractality, there are market cycles in which 4 phases can be distinguished: 1. Accumulation 2. Acceleration 3. Distribution 4. Shaking out There is also theory that divides the cycle only into accumulation and distribution, we distinguish 4 phases, which, in our opinion, describe in more detailed market participants behaviour. The problem of many novice traders and investors is precisely the lack of an optimal exit point from the transaction. Understanding the phases of the market will be helpful in solving this problem. Consider each phase in more detail: Accumulation - this phase visually looks like a horizontal corridor with low volatility and increased volumes. On Bitcoin, this phase can be observed twice on weekly charts in 2015 and 2019. At this moment, large limit players of long positions are activated. Lows and highs cease to be updated. These market participants operate on the principle of buy low - sell high. Accordingly, they have models of fundamental asset pricing, and the fair price that it should cost. Purchases are made below this price. As a result, there is an imbalance between buyers and sellers, which affects future pricing. The latter is becoming less and less inside the accumulation. At a time when there are not enough sellers on the market ready to push the price further, a control purchase on the market occurs, which causes the first update of three-month highs and the subsequent market reversal. Then begins the phase of overclocking the market. Acceleration - at this moment, traders on 1D or less charts are activated. Highs begin to update and lows cease to be updated. A growing market is starting to create excitement and attract new money, interested in future benefits. These participants can act for fundamental, technical, or emotional reasons and with their money push the course upwards by buying market orders. Participants in the purchase phase during the accumulation phase begin moderate sales above their “fair” price starting distribution. Distribution is the culmination of closing purchases made during the accumulation phase. In this phase, the highs cease to be updated, but the lows have not yet begun to be updated. At the potential top of the bull market, large players will want to sell stocks previously purchased at low price levels, which will take profits. Most of them will place large sell orders in a certain price range. Each sale should be absorbed by market makers who create the market. Some orders will be executed immediately, another part will go to the order book. Market makers will resell, which must be executed without lowering the selling price of their own, or other traders. Large limit orders in a glass can maintain a rate higher than the price at which the remainders of the "initiators" are added to players who are too optimistic about prices in the near future. After closing the deals of the “initiators”, limit purchase orders disappear from the glass and the remaining mass of the market falls under the influence of the supply thrown onto the market - a bearish trend begins, and with it the shaking out phase. Shaking Out - new minimums becomes lower. The market is accelerating in down trend and trying to get balance. Afterwards market starts to slow down and then volatility goes down. At some point, traders who are already trading short positions leave the instrument for other, more volatile ones. The strongest holders who have not yet sold their assets remain in the cold darkness. At one point, market capitulation occurs. The market cycle is over. There is no weak holders anymore. If fundamentally there is a potential for growth and the price is "underestimated", a new phase of accumulation begins. If fundamentally everything is bad, the asset goes into non-existence and is replaced by dozens of new ones. For hundreds of years, technology, markets, products have changed, but not psychology - the psychology of the masses, built on greed and fear, remains unchanged for hundreds of years. In order to learn how to successfully trade, unlike investing, you must forget about the intrinsic value of a stock, or any other instrument. All that you should care about is the perceived value - the value that professionals imagine, and not the one that reflects the interests of the issuer. Intrinsic value is only part of the perceived value. Remember that instrument quotes reflect precisely its perceived value, and not internal, as you might have thought. When to quit: 1. The ideal way is to exit at the beginning of the distribution phase. At this point, the new high will be lower than the previous one. The first signals will be reversal candle patterns, with a continuation in the form of bearish volumes. many technical indicators will show divergence signals. 2. If you missed this moment, after the first downward wave, there will be a correction. Oscillators will show a way out of the oversold zone with the high below the previous one. 3. If you missed this signal, then it is advisable to exit on the signal-momentum indicators, or on the next correction wave of lower time frames. Congratulations! Now you understand the mechanics of the market and, perhaps, this article will help you not to fall into the trap of the market. And if without multiyears of trading experience you want to be profitable on cryptocurrencies market from the begin - join to FOBS! If this material was useful for you - please leave your likes and comments, and also follow us on social networks!
BITSTAMP:BTCUSDEducation
by FOBS-Fund
1