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Bitcoin is a beast!Bitcoin today never closed a 1h or 4h candle below 51k, which i think is very impressing at these high levels. The only thing the sellers achieved today was a higher low (again). The sell offs seem to get bought up faster and it seems almost imposible for BTC to even test the heartline off the parallel channel again. Under this condition i think its very likely we gonna see a test of the supply line of the channel rather sooner than later. Like i mentioned in my other post i believe if we see the top off the channel i think BTC probably gonna break it like in the run up mid december where it broke the broadening wedge and flipped its supply line into its demand line which was brutally bullish and BTC never saw prices below this demand line ever again. i normaly dont like to chart on the small timeframes but in this case it helps to understand the behaviour of some altcoins like (comp or maker) which show similar behaviour and just dont want to take off. Its also a reason for the declline of positive momentum on the 4h MACD histogram which i believe is not gonna show red in the next couple 4h close's and probably gonna just pick up positive momentum again because on the 1h the negative momentum is allready waining and now showing potential hidden bullish divergence (which seems to be the pattern of the month) if bitcoin can stay above this downsloping trendline which was a supply line before (also visible on the 4h), the likelihood of a retest of the recent ATH is very high. Especially with the 4h closing a bullish engulfing after this day of consolidation. btw. I am still in my long trade that i opened at the 49k level and as long as bitcoin closes 4h candles or even 1h above 51k i am not thinking about closing this trade. Lets see how this plays out :)
COINBASE:BTCUSDLong
by luyestefan
1
FCPO TRADING : 191) confirmation shift-of-trendthis is haidojo and the number is 191... fcpo-dec not only stay abv 2830 but also shoot up to the next level at 2890-2900... a higher-high is formed...so confirmation shift-of-trend...if it stays abv the 2900, then we might have a full throttle... bull in charge then... for now, either sideway or uptrend...higher level is 3033-3100... higher resistance : 3030-3100 immediate resistance : 2900 temporary support : 2830 lower support : 2800 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ
MYX:FCPO1!Long
by HAIDOJO_trading
2
Profit After Weekly AnalysisFrom my previous analysis on the EUR/USD a week ago, I saw major level of structure around the 1.09899, I waited for my 3 points of reference to tell me if price was going to trend, but price came lower than I expected, testing the 1.09899 as support. Eventually, Price then shot up breaking the previous high forming a higher high, then I formed a small trend line in which price came down, retested, and formed a higher low. so I then saw an entry opportunity, and price came all the way up to my take profit a few pips below major resistance only 6 hours later.
Long
by AzzenWazHere
EURJPY Supertrade Daily Entry - 50 to 1 Win vs Risk !!Hello all - DuncanForex here with a Trade idea. Based on the bullish pin bar printed on the monthly chart in Jan 2019. Over the past 6 months , price has retraced to the 50% to 61.8% area. You will see on the daily chart it has made higher highs and higher lows and just now printed a daily bullish pin bar. On the daily chart - you could get a 9 to 1 trade - up to the most recent highs. If you enter on the 4 our chart you could get a near 20 to 1. Based on the monthly chart - with a Fibonacci extension, I think there is a possibility of EURJPY getting to the 150.00 area over the next 1 to 2 years. I will be taking 5 entries at varying price levels and look to take it up to the 127 area initially - then after consolidation and break outs, look to then trade it again higher. This is analysis and a trade idea all wrapped up into one . Thanks for looking at my idea My website is not far away now Thanks Duncan
Long
by UnknownUnicorn483829
BTC forms 1day higher high 1st time since bearmarket beginning!!This is a huuuge sign that we may finally be seeing the trend reversal we've been so patiently waiting for and a definitive end to the bear market...This is the first higher high on the 1 day chart we've had since January 2018. We will be looking to follow this up with a 1 day chart higher low and then one more 1day higher high to complete the sequence and fully hand control back over to the bulls. if we do not form a higher low then we will almost certainly see a capitulation candle to follow...if we do then capitulation already happened in December! Very exciting either way you slice it!
BITSTAMP:BTCUSDLong
by DrDovetail
-------------------4HR CHANNEL/ PPL SET-UP--------------------Additional lower timeframe confluences: 1) 30 min FIB retracement and notice any respect or rejection to key 61.8 level 2) 15 and 5min 14 and 50 Ema in your favour, or wait for a dynamic support/ resistance 3) 5min rejecting a PPL and RSI strength in your favour bounce off 30 or 70 level 4) At a point of lower time frame break/ push there will also normally be a 5min 14 EMA retest the same time as a minor correction and good entry point if everything above lines up
Long
by JevanHayre
Extremely pivotal moment for bitcoin could signal bearmarket endIf we can break up from bitcoin's current 4hr bull pennant, the breakout target shown here is around 4350 or so....which would also allow us to hit the green falling wedges breakout target shown here as well. Much more important than either of those targets however is if we can at least get enough momentum from a bullish break of the bull pennant to lift price action above the lavender horizontal trendline at $4117. Why is this line so pivotal? Because if we can reach above it we will for the first time since near the beginning of the bear market form our first higher high on the 1 day chart. That would signal that we may finally be starting to see exchange in the overall market trend from bearish to at the very least more sideways...we could of course hit that higher high and still follow it up with a lower low if the rejection at the top descending dotted white trendline is powerful enough...if we were to then follow it up with a 1 day lower low, that would almost certainly become our capitulation candle(unless we already had capitulation back in late December at 3.1k). Also if we were to follow the daily higher higher with a lower low, even though bears would then still be in control we would very likely have another higher high after that lower low since it would likely be a bounce up from capitulation and from there we could expect a higher low and a subsequent higher high after the higher low on the daily. Once we can complete a consecutive higher high/higher low/higher high sequence on the daily chart I will then be confident the bottom is indeed in. However we could also bart down here instead of breaking up from the bull flag and simply continue our never ending bearmarket series of lower highs on the 1 day chart....if so the bottom may not be in for some time. So for now though this is a very pivotal moment for btc...especially if we can break up from the current 4hr bullpennant. 4hr stochrsi looks like it wants to go up but the daily stochrsi looks like it wants to head downward so who knows it could break up hit the target and then have a big retracement...if so as long as the breakup goes above 4117 that will be a very very good sign...even if we capitulate immediately after.
BITSTAMP:BTCUSD
by DrDovetail
Augur wins most bullish chart of the day. WIll continue.Augur started its bull impulse after breaking up out of an inverted head and shoulder pattern it then went well above the projected breakout target and it was at that moment you could tell it was going to at least aim for a cup and handle or a higher high. It has achieved that higher high and not only that the enxt high to reach is a considerable rung above here...I didn't have time today to buy into the initial bull breaks on augur bu am planning on buying in if it can maintain and solidify support right at the first horizontal teal trendline. If It can, I am confident we can see a golden cross on the daily for Augur as you can see it's already fairly close an this current bullish action ahs likely sealed the deal for the golden cross. If this happens expect augur to continue to go up even if btc goes down...the next target to watch for is the next horizontal teal line above this....if the golden cross occurs...I'm anticipating we find resistance there only to form a cup and handle and then continue even higher. I will be watching for a retest of this first horizontal teal trendline first and foremost though...we need to solidify that as support to ensure the golden cross will occur firstly. If so I am definitely bullish on Augur in the enar future. It is of course currently one of the most utilized erc20 tokens after all. Of course this is my own personal opinion and not meant to be financial advice. Best of luck and thanks for reading!
RLong
by DrDovetail
made4hr higher low & w/current bullbreak higher high anticipatedNice bullish break here puts us over both the 4hr 200ma(in blue) and on the 1day chart(not shown) we have now gone above the 1 day 50ma again which is a fantastic sign. The 1 day candle also looks very likely to close as a big bullish engulfing candle as well which should lead to more upside. Another bullish signal is the fact that it looks likely we may see a golden cross on the 4hr chart within the next few candles. We are also currently in a higher high/higher low pattern on the 4hr chart and looking to follow up the recent higher low with a higher high. To achieve the higher high we will need only to reach around $6840 which judging by our recent bullish breakout is very possible...in fact I think we will likely find our price action heading all the way up to test the top trendline of the current ascending channel we are in (in red) before dipping back down to hopefully simply form another higher low and continue the bullish pattern. If we can eventually break through 7k that will be a really big sign that the bull market may in fact be imminent. We are still awaiting a golden cross on the 1 day chart but staying above the 1 day 50ma will be crucial to speeding up the arrival of such a cross.
BITFINEX:BTCUSDLong
by DrDovetail