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Is short canceled? Bitcoin analytics 04.11Hello, friends! Lemon Insiders team stay in touch. Our short has gone on stop and we revised the schedule. We came to some conclusions: 1. There is no reaction to breaking through the global descending (the volume do not jump out, there are no impulsive sales) 2. We continue moving in the flat range of 6150-6500. Only exit from this range to one of the parties will be able to predict further movements. 3. Long with short are crossed. And if we consider that major player took the short, we can assume he closed his short. This action suggests that we are unprobably to see a sharp fall in the near future. 4. MACD shows bulls hold strength, although the minimum, but they made it so that the price went higher without a strong correction. This tells us the buyer, although weak, but clearly stronger than seller. Locally is possible increasing. If we break through the level of 6500, we can fly up to 6650-6700. Today is generally a beautiful green day, the altcoins are also well pumped, but somewhere a correction should begin. It will be either from these points or higher. But it seems more there will not be a strong correction and we will simply continue flat in the previously specified range. Thank you for your attention!
BITMEX:BTCUSD.P
by Btctrader888
We are testing the global downward.Bitcoin analytics 03.11Hello, dear readers of our ideas on TradingView!Lemon Insiders team has prepared for you a new daily analytics. So far, everything is going according to plan.On the daily chart, we have not yet established above the global downward, and at 4H, we are actively testing it.Indicators tell about continuetion decline and a weakening buyer.The price has gone beyond the global downward, but has not gone far and without volume, so this movement can be considered false, or you can just slightly move the global downward slightly higher. In any case, the exit from this triangle should be with volume, but so far it is not. We want to note that the shorts are actively began to decline.The reduction was in growth, which suggests that it was closed by the crowd.In addition, the longs has grown a bit on the decline, it has done by major player obviously.BUT would be stupid to start up from this price, because Bitcoin, as history shows, unfolds with squeeze.That is, it is necessary to make a squeeze down and only then go higher. And exists another option for reversing Bitcoin, it is a long flat and exit up.Bitcoin has not yet turned around. We hold the position, we have a great entry point.We thank you for your attention!
BITMEX:BTCUSD.P
by Btctrader888
We can see correction in few daysGreetings to you all the TradingView readers! We are the team of analysts for the top crypto channel on Telegram and we are here with the fresh idea. We are likely to see the correction within 2-3 days, as Stoch RSI says. The indicator stayed beside the upper limit for a whole week, which is a proper period to make the price respond to the indicator’s intending. Currently, the Stoch and RSI lines are crossing each other, which predicts the following decreasing. But this signal needs 1 to 5 days to be performed. Anyway, we expect 6550 price to the end of the current correction, and not lower. We already offered a reason for this price falling within our last idea . Here we want to notice that 1H and 4H of Stoch RSI are currently changing or are going to turn into the growth, which indicates the price drop from the higher positions than the present ones. See more of reliable info and analytics on our Telegram account. With respect, Lemon Insiders Team.
BITMEX:XBT
by Btctrader888
Not time to test the bottom yet!Hi, all the TradingView readers. We suddenly decided to go out of the Telegram frames (having 30k subscribers on the channel and 20k bot users) and show up on the TradingView to send our ideas and messages more precisely. Let’s examine the topic thoroughly. Currently, we see a slight correction started from 7120. Under the correction, the price has fallen slightly lower than expected. But we were able to catch the right time to average it out and now we are in the channel having profit. For some reason, everybody’s claiming that the current correction is just the end of the story and we’re going to renew the bottom price and all the other weird and mostly factless thoughts. I mean, indeed, the correction is real cause’ the growth itself was quite noticeable. In the moment, we are monitoring Stoch RSI (our preferred indicator) which clearly shows (on 4H and 1H) that it's going to reverse. This kind of the significant indicator’s fallen usually notifies us of an upcoming collection and a potential indicator’s reverse motion. In addition to Stoch RSI, we are quite interested in LONG&SHORT BItfinex and monitor it as well. It shows an exciting thing now. Short positions have been closed while falling, long positions have been opened in the same moment. Short and long positions crossing happened on the falling stage, not on the raising one. Which is quite strange to us. After all, the crowd of traders never act like this. People trade more in the direction of price, not vice versa. Cause’ it’s not a good time for this now. So you certainly can determine the “big player” moves, who’s trying to hold the long position. It’s too early now for renewing or testing the price bottom as we're still not on the strong downward line, which holds out for six month already, constantly killing our hope for the bright Bitcoin future. To push away the line we should reach it first. And we will definitely reach it with the price of $7400-7600 per coin. On this point we can finally start considering the strong short position and the bottom price testing. Well, probably, it won’t ever happen. Cause’ if you attentively check the motion pattern of the chart, you’ll notice the very last raising hump is quite different from all the others. The new hump is based on the bigger values and it grows in a slower way while all the previous humps consist of the impulse candles. It can be considered not just a hump but a future flat causing an impulse. Under the possible ETF approval, we may finally get out of this triangle by the end of September and will “draw” something new and quite intriguing. We’re certainly keeping in mind a situation of the stock going to the very bottom. But it’s highly unlikely as all the indicators suggest the opposite. However, it’s still a crypto, where everything is possible) So we are still holding a long position. Thank you for reading this! Welcome and Follow our daily analytics in Lemon Insiders telegram account to stay up to dated! Sincerely, Lemon Insiders Team
BITMEX:BTCUSD.P
by Btctrader888