BTC daily Thoughts BITFINEX:BTCUSD
BITMEX:XBTUSD
hello everyone
Daily Thoughts and updates:
1D second day of confirming reversal with Heikin Ashi
:eyes: how lines of MACD got closer but because of dump actually got far away from each other making it harder for positive HIST to appear
RSI and STOCH are Also curving down. Generally I think PA will head more DOWN but we might visit 6400 area again because of high volatility. Anyways even if tries to PUMP for breakout IMO it wont get too much more than EMA 20 (~6400-6500 area).
12H SHORT Signal. TBH i've been waiting for it from yesterdy. NOW got. so keep looking how plays along the day.
(I wanted this signal because Im short this last days and this is my confirmation)
6H is showing some UP movemnt IMO. like the 12H anti-thesis, Notice the RSI and STOCH curving UP from bottom indicating probably PA UP.
I watch the macd carefully on this one as if it breaks to positive HIST could trigger a run UP.
3H seems bullish as fighting for getting price to EMA ~15 (at least)
pump to ~6370 might play out.
1H same concept only here we can see how PA stops and having trouble breakout EMA 15
also Stoch RSI is at top so if a move up wants to play stoch RSI must cool off at least a bit.
Mt guess tpday IT WILL BREAK and pump to ~50 EMA on Hourly before DUMP continues.
30 min
waiting for "scalp" signal (long)
No signal = PA DOWN
15MIN fight tries to break EMA 50
if break ill be watching the next TF (30 MIN)
5min "scalp" long signal
ALL NO ADVICE just my real thoughts and analysis
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Heikin-ashi
BTC Daily Thoughts BITMEX:XBTUSD
1W. New week started. IMO this week we will see price drop because of the BEAR MARKET trend. seems as on weekly it cannot BREAK the 50 EMA (red line on plotted). my :eyes: are on MCAD (because I think it's forming the Bull TRAP meaning positive HIST will appear but PA will go down).
1D. we couldn't break the 50 EMA on daily (also) so now we see FOMO PA imo...the pump occurred till 3-4 days and now we already head DOWN but FOMO traders and whales mask PA. Stoch RSI wants to curve DOWN. Anyways even if it doesnt play like I think it would in both scenarios VOLUME is KEY (atm can see that volume is low...but we still have the whole day ahead).
12H. same as Daily IMO. Notice how MACD is in positive and Stoch RSI is curving down gives signs that RSI SHOULD go down also.
6H. :eyes: on macd. Notice STOCH RSI is at lower levels and seems as it wants to be pressed to 0 area (like in a major DUMP). RSI curvs DOWN.
3H. ranging around that PA. 50 EMA support is shown well.
1H. short signal 3h ago....This is my scalp sign....RSI and MACD show PA is down but Stoch RSI suggests that RSI rev is possible (hand on the trigger if short)
30 min is trying to get back and break 50 EMA
15 min also tries to break 50 EMA....Stoch RSI needs to cool for proper UP movment.
5min same same
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BTCUSD Daily thoughts BITMEX:XBTUSD Daily thoughts
1D we still havent BROKE 16 EMA
MACD seems to be bullish tho indicating that POSITIVE HIST wants to appear (bull trap IMO)
Stoch RSI revealing that momentum power is exhausted because it's in the top of scale BUT RSI is in the middle.
IMO we can see the bull trap forming on 12 H chart
6H seems to support @ 50 EMA
(but not for long IMO)
looks like scalping the top on 3H
:eyes: on macd (searching for that NEGATIVE HIST)
very thin line
could pump in a sec or also dump
30 min LONG SIGNAL (scalp activate)
15 min LONG signal (scalp)
all no advice just MY OPINION AND STRATEGY
GOOD LUCK
USDTRY ShortDue to volatility of this asset, stop loss will be adjusted as the trade progresses.
Shorting USDTRY down to lower levels of structure given the large bearish weekly candle we have to work with and the expectation that this will continue correcting down towards the 5.25000 level.
Short entry at 5.97030
Trading involves risk, do not risk more than you can afford to lose because you are solely responsible for any and all actions taken in the market.
Only noticeable news events this week on the USD listen on an economic calendar are on Wed/Fri due to FOMC Speeches
MCO Tests Trend LineOn August 13 we broke through major support (dotted green line) which triggered a large selloff. August 15th and 16th attempted a break of the long-term trend line (solid green line) much sooner than my prediction, however the price bounced back to the upside off that support. The price is currently testing support levels from mid June. RSI appears to be oversold however momentum could still be to the downside and there is a chance we could retest the long-term trend line.
If you are a strong believer in MCO it appears this is a potentially good price to be long. I am personally going to wait for confirmation of either a double bottom or a daily green Heikin Ashi candle before entering a long position.
This analysis is for education purposes only.
Good luck.
This is how will make 240% PROFITI am about to enter the 3/3 wave, which is the most impulsive one.
My target will be at 0.05 ETH per coin.
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Heikin Ashi - Weekly BUY - Keep your eyes peeled !Double bottom forming on the weekly chart.
RSI is oversold.
If it follows a similar trend to that in March, aiming for resistance level of 1571.