#Bitcoin Risk a long if ..................we might see a bearish bat forming, to expect price to react the way we want at this early is pure hopium, so far 0.618-0.65 (fib golden pocket) supported the price nicely
as we can see on daily price is trading inside a Triangle.
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Halving is done & lot of speculations around the market, lot of sentiments both Bears & Bulls, who will win only time will tell, till then keep longing the support if holds & shorting the resistance
2k or 20k as long as we can long & short life's good
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Leverage
BTC/USD Short Idea R/R Ratio: 6As always good R/R. Easiest stop loss.
Should be low leverage trade. Bearish local formation, probably because of "satoshi coins" FUD. Don't really like to trade during or after the news, but i can't move past this trade, too good of opportunity. Get out of the trade if price reaches 9700
BTC back to 5k or 10.5k, what's your prediction? Check mine!BTC Analysis
DAILY
Still inline with the bullish trend line. The recent huge push down came back to trend before pushing back up again and closing with a juicy wick.
I think there are buyers still around but will they prevail, we need more structure in order to know.
I’m looking for a break and retest of the TL in addition to the 55/200 EMAs to change direction and start sloping down again. At the moment they look like they about to cross bullish but it still may not happen.
CCI is looking healthy, not over or undersold meaning BTC could still go either way at this point.
Let’s drop down to the 4 hour and see if we can get a clearer picture.
4 HOUR
55 EMA on the 4 hour is starting to slope down which is promising. The 200 is acting as support with a couple of wicks attempting to touch it. CCI is currently below the safe zone but heading back up.
BTC looks like it’s starting to range sideways between the 23&38 fibs acting as S:R. I’d like to see it sit here for a while and build some structure.
Im currently still in my short from before the drop with profit taken on 50% of my position and the other 50% still open with stops in profit and a load up at the 50 fib level. I will reassess if we get there.
I don’t have enough confidence in either direction right now as too many indicators are conflicting. If we get more bearish signals then I can see a drop possibly eventually to around 7700 then back to 5k if it keeps going. This will line up with order block, weekly trend line and -161.8 fibs so it makes sense to me.
On the other hand, if BTC pushes up past the 61.8, I’ll be taking profit on my short and expect a second attempt at the 9800 order block and if we push through that, next level would’ve around $10,500.
BTC $1450 Downward Move = A LOT OF LIQUIDATIONBEARS TAKING ACTION… Big slice
A lot of people that are over leveraged just got REKT. $100M of leverage longs liquidated
Be ready for anything, trade to a plan and stick to it novices just had a very bad Sunday.
Trading Tip: When events like this happen its good to write down the ‘price action reason’ in your trading journal or mark on the charts. That way in a few days, weeks, months down the track if a price level comes into play you can deem how significant it is. & DON'T OVER LEVERAGE.
Bitcoin break out or rejection?I still find Bitcoin to be stuck in a HTF down trend channel leading back from the high mid to late last year.
I understand some fundamentals at play with the halving coming up and the Hash ribbons indicator indicating the minors are accumulating again but on a technical stand point of view where we are now just seems like the idea position to trap a lot of retail money and short it down.
I'm looking at the down trend as holding for a rejection but if we do push higher on a break out I'm looking at that next supply zone as the potential resistance.
Ultimately i see us bouncing on this EQ for a few more days and then looking for a break to short down to the last demand that was created, although i find is a very weak order block and wouldn't be surprised if we push lower again.
I will start to do my Weekly analysis on bitcoin and post it here for our students in the MBA Trading Academy to see and monitor
Keen to hear everyone's thoughts but im only looking short to mid term on Bitcoin right now
Bitcoin bullish or Bearish?Hello, Ive been swing trading with high leverage as always and will post my trades below, but now is very important since we are coming up to a big move. Usually trading on the weekends trading volume is low and people take profit, yet we didn't see that and saw more push upwards pretty much creating a double top at 9014, yet whats next?
Well going off what i see in the chart is weakness in the bulls not knowing if they should long atm as this morning we saw rise, yet with volume same as one hourly bull candle it took less to slam it down to the ground losing alot of last nights gains, yet still in profit.
Right now if you going to go long you need wait to see a break of 8959 (around 9hrs or before), if it doesn't break that we break under the higher lows trend line as shown. It could have a retracement back to 8564 or even as low as 8196. Remeber with the halving the bottom has to double which the bottom is bewtween low 6k bear mim or in the 7k range. Right now price is well above bear mim for post halving. Watch for the pull backs and recommended to buy in the 7k range.
Bitcoin pull backsNow watching on the sidelines is crazy what happen shooting just shy of 9563 now atm it look like a head and shoulders pattern. It only took 2k btc to dump the price past two major volume candles during the pump, which shows weakness in the orderbook. Dow is open down and so I suspect a pullback in Bitcoin so going short might be a good idea and just watch the chart and take profit when you want. Dont get greedy
TA
MACD is bearish, but could turn bullish if we go sideways
RSI is sideways more overbought
Voume is dropping
Also stoplost would be 8904 give or take with a high of 8991 if it wicks up
EASY GAP TRADE NO BRAINER- 30% PROFITHey there,
there is a gap, which you already noticed I guess! Though for beginners it might not be that obvious as it appears to you!
Gaps are happening, because when closing and opening markets, especially when there is a huge move in either direction, price action appears at certain levels below or above the price, which creates these gaps.
For me personally, gab´s are not any relevant or justifiable sources of price behavior or prediction. So I DO NOT trust them.
Interestingly, these gaps on CME (Chicago Mercantile Exchange) always close! Like literally ALWAYS- this leads me and many other traders, to the idea, that the next ones will be closed as well. For me, it turned out to work, but seriously, I cannot believe this plays always, but it actually did until today!
So, I already took the trade Bitmex at 6600 with leverage and I am looking forward to close it at 8500 area! Any gains in the circle are awesome!
RSI looking oversold!
Volume declining, which means a short term price manipulation to the upside (to fill the gap) actually is easier than in times, when volume and volatility are high!
I took my shot, I hope this inspires your technical analysis!
Your german-quality-trader!
Massive Target hitHello, well i have posted back to back TA on current market movemt on bullish, but now I'll head into Neutral zone with a trading range projected between 8196-8564. This would give the trader a hugh volitily range before the halving, which is subject to happen in just over 12days.
What to expect? Well a pull back after todays move is required and could test 8196. Like said in past post its all about miners now. Break even is at 3k ish. You halve that and you get roughly 6k low 7k, so its in the miners best interest to keep the price above 7500 which we got a massive range of a new bottom of 7231 all the way to the new support that was formed at 7688. I'll remain netural and not leverage trade and just buy BTC with my paycheck in small amounts after making 60% and 80% gains on leverage trading. Still would like to test bybit vpn checker after May 20, if that fials i would have to use TraderWay, which is only open during Forex hours (Future market open and close Friday at Noon).
So Projection is maybe a pull back at 8196 or just sideways movement with massive swings till halving. Don't think the Daily or weekly will help anyone. Just watch the order books (I use coinbase pro).
ETH Correction Short Opportunity Targets INC.My trade set up
Just opened at time of writing price was $166.XX something.
20x LEV Short ETH
TARGETS
1) $163.75 Then move stop loss somewhere near here to lock profit if trade goes bad which during uptrends they can fire off ANYTIME during a correction post pump.
2) $161.10 Then move stop loss "BLAH BLAH BLAH"
3) $159.25 YOU GUESSED IT. . . MOVE STOP LOSS IF YOU WANT TO TRY FOR MORE YOU GREEDY MAN :P haha
Also kind reminder this is not financial advice but I like to hear from people with like or contradicting IDEAS because it helps me and everyone else grow.
ARU
Stay Safe! Don't Chase! STOP LOSSES PEOPLE!!! :P
XRP BTC MBA Trading Academy T/A FridaysHave located a potential bear flag on the 4 hourly, although daily momentum is heading down with LLs and LHs.
Waiting to see if the daily EQ can hold. If we break out of this bear flag to have a shot at the next supply zone.
If daily EQ cannot hold and we break below then i am looking at following trend down to the next demand zone.
Either way i will need a break and retest with bullish or bearish momentum depending on which way we break to confirm my entry for either scenario.
Stop loss will be set above / below previous market structure once we get an entry.
I will have a total of 2 Take Profits for both trades, one roughly in the middle with my final at supply or demand.
Trade should take approx a day or 2 to confirm an entry.
I am expecting 4-6 days for trade to play out so around a week in total from time of writing.
Chart by Phil Roberts.
Bitcoin movementNow my old short was meet with defeat, yet than the good old coronavirus hit and bitcoin gave me the middle figer and we hit our target. Will link it below, yet now I'm curious. r/Cryptocurrency is dead almost and everyone just wants to short bitcoin till 2k or even 1.5k. IMO I don't believe that. Now I entered a trade on bitcoin and litecoin on robinhood, yes I know and I just wanted to trade stocks with crypto and I just got the robinhood debit card so to me its fine. My litecoin trade lasted till NCLH hit my price target so I bought LTC on March 27 for 37.65 and sold today at 38.68 before buying nclh and putting the spare money into bitcoin.
My average price on bitcoin was 6396.31 with atm being up 2.29%.
Now I like being reasonable and I set a target of 8k, yet looking at my trendlines I circled an area at 8196-8564 before the halving. Now I'm about 40% postive we will hit there and 70% we are bullish. Now you can just look at the whole cryptospace on why they are bearish, yet I honestly stop watching r/Cryptocurrency due to the amount of shillers and junk that keept getting posted, yet now I'm bullish during this virus.
So does the charts support my ideas
-the MACD is over extended, yet could move up another 40 like before over extending the price action, which could hit 7k very soon.
-RSI is overbought, but most the time BTC loves being overbought in a bull market sceniero. YES I know we are in a bear market, yet we can have bullish runs for awhile.
-The emas have just crossed and we have broken above them, which shows bullish movement with the next ema looking to cross in a day or two.
-Buy volume has picked up since march 30 this morning with china market down and US market sideways as oil drops and gold and silver droping slightly.
I would be a buyer at any price, yet stop buying around 7200, which possible we wont hit that 8100 or 8500 range. Also to end this please stay safe out there. The virus may not kill, yet will decrese your lung functionality by 20-30% so you likely wont "recover" fast.
Ripple (XRPM20) 500%+ PProrfits | We Are Long on 10X LeverageWe are active with a trade for Ripple (XRPM20) with leverage.
We are sharing the full trade numbers below.
This is not financial advice.
This information is shared for learning purposes only.
Leveraged trading is for experienced/advanced traders only.
If you are a beginner, start by trading altcoins that have a lower risk.
-----------------
@BBLREGBOT | Trade: LONG XRPM20 | Ripple
Leverage: 10X
Buy-in: 0.00002500 - 0.00002700
Targets:
1) 0.00002755 |Hit (+40%)
2) 0.00002850 |Hit (+75%)
3) 0.00002940 |Next target
4) 0.00003040
5) 0.00003200
6) 0.00003455
7) 0.00003600
8) 0.00003985
Stop-loss: Close daily (D) candle below 0.00002500.
Liq. price: 0.00002452
(Price at writing 0.00002650)
Potential profits: 504%
Capital allocation: 8%.
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Thanks a lot for reading.
Remember to hit LIKE!
Ripple Vs Bitcoin Is Ready For Action (86% Mapped)
Namaste.
EOSBULLUSDT Ascending Channel (Target & Support Levels Mapped)Here we have the Binance instrument EOSBULLUSDT (EOSBULL) , which is a 3X Long on EOS Token, let's take a look at the chart.
First, we can notice the ascending triangle which we also saw on GXSBTC . This pattern can lead to a bullish break.
The RSI is strong and the MACD allows for bullish action.
We also have a "V shaped" bottom with high volume... These signals are pointing to the bulls taking the lead.
All the targets and support levels are marked on the chart.
Remember to have a plan/strategy (know what you are doing) before you trade.
Thanks a lot for reading.
Namaste.
#Bitcoin - #BTC another IH&S - PS.Don't hate me Just sharing what I see on the charts, interestingly it lines up close with our #bearish #BAT idea
I personally missed out on short, I did short form 10290 but took profit at around 87xx then we longed from 8460 & closed at around 9000, Opened a Short trade for auto traders around 91xx but personally didn't, Good thing is I trade on FTX so my collateral is sitting in USD & not BTC, unlike Bitmex.
won't advise to open up a super big position as this idea is based on weekly but who am I to say anyways - just a guy from internet as always you can also use Leverage on FTX, bybit or Bitmex to multiply your profits but remember Leverage Trading is HIGH RISK So is Crypto trading & that's why I am legally obliged to say
#DYOR
remember I am not a financial advisor & this are all just my thoughts :)
make sure to leave a comment & if you agree then hit that thumbs up, Don't forget to check out the telegram channel for timely signals & Autotrade my ideas (i talk more there then here 😜😜
Do not forget to check out other ideas & do share it with your friends :)