Get started

Higherhigh

CMEs have just confirmed a Bitcoin trend reversal!Welcome! I´ll keep this short and sweet, as always. Apart from the professional traders or maybe those who have been in the crypto game for quite a while now, nobody knows that Bitcoin´s price action isn´t dictated by Bitstamp, Binance etc. but by CME Futures. As they are an institutional broker, they essentially represent smart money. Looking at CMEs, the first thing that stands out to me is the volume. You can see that the volume is abnormally high compared to the recent months, higher even than the volume during the 2019 rally. What does that mean? It means that while the previous Bitcoin rally didn´t catch the interest of institutional buyers, the bottoming and consolidation at the 7k levels has. Secondly (and the focus of this analysis), we have just closed the weekly as a higher high which means, very likely, that BTC has reversed the trend from a downtrend to an uptrend. EXTREMELY important piece of information! Finally, the weekly closed outside the bollinger bands, which is normally just stupidly bullish. Why? Because it implies that what follows next is going to be a bollinger band expansion on a WEEKLY timescale. I really dislike being too biased when it comes to the markets but the way things stand in the moment, it is actually very possible Bitcoin will reach prices north of 14 000$ in the next two months. Will post an additional analysis on it, so keep an eye on that! Thank you for reading Mansasuma
CME:BTC1!Long
by Mansasuma
3
BTCUSD breaking up from current bull pennant?If we break out bullishly here, it looks very bullish indeed, we have a couple horizontal resistances to overcome the current one at 9595, and the grey horizontal a few pips above that...the projected breakout target also requires we break above this turquoise horizontal as well and if we were to do that that would be a HUGE bullish sign BTCUSD will have achieved the ever important higher high...I anticipate it will at least rise up to meet this horizontal if it breaks out here if it doesn't reach the entire bull target....I also expect a correction afterwards to create a handle on what will then be a freshly formed cup...if it does this that cup and handle once broken can take us above 14k but I anticipate the handle will dip down far enough to fill the gap around 8.5k before heading back up to the rim of the cup. 1st and foremost however we need to breakthrough the current strong resistance of 9595 to be confident we are going to see a bullish breakout here.
BITSTAMP:BTCUSDLong
by DrDovetail
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
Long position AUDUSDWeekly Daily support area lower high lowerlow has changed to higher high and making higher low now divergence visible on 30 min target 1----- 0.69200 (previous daily candle high) target 2----- 0.69800 --- (if high broken) ( resistance above daily high) strategy --> you can enter now with stop below lowest price + 10pip (aggressive entry) or you can place stopbuy above high and add smaller trade all the way to target (what we suggest) remember to calculate your risk first and dont take big risk (not more than 3%)
Long
by Forexharmony
AUDUSD potential for Long position(Intraday)As you can see from chart- price failed to make new Lower Low on 28 Oct 2019 and this could be starting of impulse wave for uptrend and since that price go up to make a new Higher High(HH) and Higher Low(HL) until today if u can see from H1 chart.Now price try to make new high from previous daily high on 22 Oct 2019(Box color-Turquoise).My prediction price will go up to find liquidity at high area and go down before buyer start to enter position at discount price area of 0.68600-0.68675. As you can see from weekly trendline price will make rejection at upper trendline and need to wait for Price Action for breakout or go minor bearish trend. This is from Daily chart and Daily chart. Analysis: 1)based on key level from higher timeframe which is Monthly and Weekly High on candle monthly August 2019-0.68680 Low on candle monthly May 2019-0.68649 if you can see price rejected that price and go up. 2)Based on trendline major high timeframe 3)supply and demand zone 4)High and low of major turning area.
Long
by MxNadhir
Higher Lows for Bitcoin, Can we Make Higher Highs? Good Evening Traders, Bitcoin is looking very interesting on the weekly, just over a big resistance mark from July 15 of $10,590 at $10,615.38. Bitcoin has been following an interesting pattern in the last few months. We have seen two weeks of profit follow each low of the cycle, meaning we could see more profit in time to come. We would need to pass $11,507.59 for a higher high to follow the potential higher low at $9,766.52. I would definitely keep a tight eye on this weekly if I were looking to make any moves on Bitcoin. Feel free to compare this to a more zoomed in POV of Bitcoin on the hourly chart, along with some of my technical analysis here . Disclaimer: This is NOT trading advice! These are merely my opinions that I have posted for you to use as one of hopefully many tools for making YOUR OWN decisions. I hope you all kill it, but I am not responsible for any financial losses. Thanks for reading!
COINBASE:BTCUSD
by CryptoRichCrypto