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XBTUSD 1 Hr Mex Chart: Volatility incoming•Been watching the 99 EMA on various timeframes, interesting how it seems to be a pretty well respected line for either support or resistance, particularly on lower TFs. Caught a nice short yesterday at $3840 looking at the 99 EMA and PA together. •Also the RSI stuck below 50 is another indicator I’ve been keeping an eye on. I’m curious to see whether that RSI level being tapped repeatedly will break for a move up, or hold strong to push price further down. The tightening up of price/smaller body candles are a sign that a big move is coming soon, one way or the other. My gut says we see a quick move up to trap some bears, but not seeing any clear signs just yet.
BITMEX:BTCUSD.P
by UnknownUnicorn2934042
XBTUSD 4 hr Mex Chart: Looking for the big swingsSome nice bullish movement on BTC this morning, looking to catch a wick to $3563 or $3630 for a short at some point, but may have to settle for the $3492 equal highs we see here and previously. Watching how the next few hours go before I change anything. Also looking for short term long entries at $3282(again) or $3250 if demand shows up again, could be for a nice bounce. Ideally, I catch the longs, up to the shorts and all the way down to $2814 or $2610, but we shall see. Some sideways action on BTC could let the markets breathe, and we could see A lot of big oppourtunities in altcoins.
BITMEX:BTCUSD.P
by UnknownUnicorn2934042
XBTUSD 1 hr Mex Chart: Bulltrap? Stop run? Retests to watchWe are retesting this hourly block from last week IMO, the spike last night was nice, but I'm pretty far from bullish at the moment. Watching how the retests of these highs goes. I would not be at all surprised to see another stop run up to $3920 and then a rapid dump for new lows. The red line at $3550 is the make or break level if we get down there. Anything short of a big bounce off that red line(possibly with a wick that goes lower) will mean we are in for much more blood.
BITMEX:BTCUSD.P
by UnknownUnicorn2934042
XBTUSD 4 hr Chart:Where will the blood end? Looking back in timeWe are currently in this current range of $3550-$4498, with more downside on the horizon looking increasingly likely. We have yet to see a violent reaction that would indicate a bottom or reversal, so looking back to lat Aug-Oct may shed some light as to where we may find that. $3k seems all but certain at this point, but as each support broken becomes resistance, I'm starting to look more towards $2600-2800 for the potential big bounce . Trade safe out there folks.
BITMEX:BTCUSD.P
by UnknownUnicorn2934042
ETHUSD/BitMEX: INCOMING RESISTANCE LONG 20XWhats up cryptopians!! As we can see ETHUSD has UPTREND, Above i have posted a chart of resistance points! If you are looking for a community to trade with on ZOOM in REAL TIME with LiquidMEX sharing his SCREEN then drop me a comment below or send me a personal message and i will send you the link to my platform where we are trading on BitMEX as a group. I also have trading courses that i am starting to mentor NEW traders on BitMEX as my reputation on BitMEX speaks for itself. ETHUSD OVERVIEW Tested resistance at 120 Rejected. Will retest 120 when Shortly will breakthrough as BTC is going to 4700-4800 at the moment. Personal Trading plan has not been established yet with ETHUSD though i will keep you updated on how i will trade this, Most likely with lower leverage around 20x with ENTRY at 117-119 !DISCLAIMER!:THIS IS NOT FINANCIAL ADVICE AS I AM NOT A FINANCIAL ADVISER. THIS CONTENT IS INTENDED FOR EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY!
BITMEX:ETHUSD.PLong
by Liquidmex
3
XBTUSD 4hr Mex Chart: Bulltrap scenario, where's the bottom?Could see a possible bulltrap if we sweep local highs right before another dive down. $5k, $4k, $3k all seem like very real possibilities at this point for a bottom. $5400 being defended by bulls for the past 24 hours gives me hope that we are at least close to bottom, and of course we could just hold this range and get upward expansion, but I don't rule out if $5400 breaks again, things could go really fast, and $5k will be a blip like $6k was. capitulation
BITMEX:BTCUSD.P
by UnknownUnicorn2934042
ETHUSD 4hr Mex Chart: Looking pretty much the same as BTCETHUSD looking pretty similar to BTC on the 4 hr chart, possibly more downside, but a lot of these larger cap alts with USD pairings have faired pretty well on BTC pairings after the initial dive down. When BTC would spike down yesterday, ETHBTC, XLMBTC, and others held strong, while XRPBTC and LTCBTC actually had some substantial gains. A market that is less reactive to BTC movement is a very good thing, and the more coins that have high volume trading again Fiat pairings, the less reactive the entire market will be to BTC movement. The difference is small currently, but gives a glimpse to how trading could change in the future. I have bids scattered from $165 down to $145, but the bottom could very well be in for ETH, it has held up very well after the initial losses in spite of BTC continuing to go down.
BITMEX:ETHUSD.PLong
by UnknownUnicorn2934042
XBTUSD 4 hr Mex Chart: In search of bottom, yes, still.A $5k bottom would be somewhat poetic, as breaching the $5k line on the way up was a big hurdle before last year's bullrun. These lower wicks are evidence of some pretty strong buy support at these levels, but not quite enough to turn things around yet . I could be wrong, and things just consolidate here before they pop off, so I'm not looking for shorts unless there is an obvious LTF top I may try for a scalp, but mostly I am setting low bids that I expect to hit on some wicks.
BITMEX:BTCUSD.P
by UnknownUnicorn2934042
XBTUSD 4hr Mex Chart: In search of bottom$6300 hasn't proven to have much buy support as the slow ride down traps bears and bulls alike. The small bounces we've seen and lower and lower wicks downing liquidity makes me feel more and more that we have further to go. Possibly all the way down to $6142 level for a strong bounce, but hoping that $6209-6183 serves as the launch pad for a strong bounce off buy support(and hopefully market reversal). We could see something less dramatic, with a longer walk down to those levels before we see a strong reaction, but we all know Bitcoin loves the drama.
BITMEX:BTCUSD.P
by UnknownUnicorn2934042
BENEFITS AND RISKS OF TRADING 101SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY BENEFITS AND RISKS OF TRADING 101 a) Market Action Market Action is determined as the summary of data showing the trading activities in the market, which determines the differentiation between the price of the currency on which profit or loss can be generated. The rate of change in profit and loss is provided in Market action summary. This can enable the investors to determine which FOREX they should sell or buy in the market. b) Liquidity 1. Market liquidity determines the extent to which a market, it can be a real estate or a trading market, which can allow selling and buying of assets at stable prices. In the trading market, the liquidity of securities is considered as ease of selling and buying the securities without affecting the price of the assets. 2. While trading in a FOREX market with a high volume, the bid price offered by a buyer on each share and the asking price on which seller is willing to sell shares, if based on the same or close amounts than the market highly liquid. 3. The difference between the prices is considered as the spread. The market liquidity usually affects when the difference or spread between the ask prices and bid prices increase. c) Leverage Traders determine margin and leveraging as the two important aspects of leveraging. The loan provided by a broker is considered as a margin, which enables traders in leveraging the securities and funds through the account to accomplish large trade activities. However, it is necessary to open and get an approval on a margin account. The FOREX market usually uses 2:1 leverage, this means that investor can buy almost double of the amount they hold in their trading account. This means that if the investor has $50,000 then they can purchase $100,000 of currency in case their trading account leverage is 2:1. d) Economic risks Economic risk arises due to the changes in macro economic conditions. These risks are much capable that they can introduce changes in investments of shareholders and bondholders in the market. These changes can be the result of changes in government regulation, exchange rates, and political stability. International investment carries more investment risk as compared to domestic investment. The main reason that economic risk can adversely affect the corporate investments is due to the fact that economic risks can violate the economic sustainability. Happy trading :)
BEducation
by SMPTrader
2