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Leverage

Resistance becomes Support? Or wait for retrace? We have been in the process of forming this symmetrical triangle for almost 3 months now. Many call it a Bear Pennant but according to traditional pennant rules, it can't be longer than ~ 3 weeks. Though this is crypto, but it should be faster moving if you want to use that argument. In either case, I have been tracking this downtrend line since Christmas when we got rejected the first time and it held up again, but this time we broke through it and it seems as though we have gone and tested it for support and it held. I closed my long you can see on the chart (little blue arrows) in a good profit at 3815 (It was a leveraged trade. I am taking all my profit in BTC from 2019 onwards). Normally one would wait for a retracement to the 0.382 or 0.5 Fib lines before entering but I am curious to see how this support holds up. We had a relatively long consolidation the month before, so it is possible for the momentum to continue here. But I am still waiting before entering any leveraged positions. Longs vs. Shorts data has been interesting too. There is a decline in both overall, but the difference between Longs and Shorts have been shrinking in favour of the Short-side. ibb.co What that tells me is there are more people closing their longs than shorts. It also suggests that a decent portion of those not closed yet are underwater and could get stopped out or liquidated in another push up. All will be interesting to watch :D
BITMEX:BTCUSD.P
by Gouws199
BTC Bear Trend ContinuationFollowing my previous chart on the apparent ascending triangle, BTC did indeed break to the downside as anticipated. The triangle's support became resistance with a rejection from the trend line and subsequently seems to be forming a bear flag. The price action also seems to be respecting the Fibonacci levels. Should this trend continue, then I predict that we will continue to see movement to the downside - further supported by copying the flagpole of the bear flag over, which places a target range meeting the 0.786 Fib. With continued engulfing selling volume and resistance from the 50 EMA, I believe the downward trajectory towards the highlighted order block remains a likely scenario.
COINBASE:BTCUSDShort
by Droid_UK
3
Bitcoin looks over leveraged This is likely the ramblings of a clueless idiot but I've watched enough YouTube video's to consider myself an expert on drawing lines in places that might possibly mean something is going to happen at some point in time in the somewhat near future. For the record I'm not a technical trader so I'm not sure why you are even reading this. Don't follow my advise as I rarely do either! Now that we cleared that up I'm trying to look at longer indicators to get an idea of where the market is. Comparing the long/short ratio trend to where price has trended. I'm concerned to see longs piling up while we are sitting near yearly lows. In the past when longs were this high we had seen a large move up in Bitcoins price. However in this case we are seeing longs piling up just to hold the price in the $3400-$3800 range. While we can certainly move up it doesn't look like we have much gas left in the tank before another move down. A double bottom is possible as it would reduce the over leveraged longs to but this seem less likely to play out in my mind simply because altcoins have moved up nearly 50% since hitting there yearly lows while Bitcoin remains hanging on just above it. Shorting here seems potentially disastrous and may lead to green wick of destiny melting ones face. Like much of the Cryptoverse I'm simply looking for the right time to add to my stack. I am a hodler of last resort and true believer in the one coin to rule them all. However lately more and more personalities are claiming the bottom is in. Which is reminding me of what happened when BTC got stuck at 6K for several months. The best move is to be patient and not look to deeply into every $100 gyration for answers.
BITSTAMP:BTCUSD
by RyanRogus
[BCHH19][LONG][10X][138.7% ROE]Trade: LONG BCHH19 Time frame: 4H Leverage: 10X Buy: 0.0341 – 0.0351 Targets: (1) 0.0362 (2) 0.0368 (3) 0.0374 (4) 0.0380 (5) 0.0394 Stop loss: Close 4H candle below 0.0336 Profits Potential: 138.7% ROE Capital allocation: <10%. --- Enjoy the trade... & HIT LIKE if you want to see more of these trades! THE POWER TO WIN Within, we all have the power to win. To call on it you need inspiration. To use it you need to persist. Within us all, we all have the power to win. Use it to face any challenge. Enjoy it to accomplish your dreams. Within myself… I HAVE THE POWER TO WIN. Namaste.
BLong
by MasterAnanda
5
BTC - AND WHERE IS IT GOING? SHORT? OR LONG?Quick little easy look at the chart. Analysis don't have to be compicated all the times with 10000 indicators and so on. Sometimes the best thing to do is delete everything on your chart and start with de basics! We can see a clear ih&s pattern and history on btc teaches us that those patterns are likely to breakout the opposite way. In my opinion thats just because to many retail traders are keeping their eyes on those patterns. What we often see is a trick from the whales, they break out to the upside to trap the "confirmation traders" and before they can even place their SL on profit they dump it. What do we do? We wait sit back and relax. The moment we see the breakout happening we keep a close eye on our indicator (). When we see exhaustion of the buyers we enter short, and we enter BIG. With a very tight SL incase they decide to follow the rules and reverse the trend. This way you always have the BEST possible R.R ration and in the long run you will find yourself much more profitable. Let me know what your opinion is about this chart and if you have another view show it in the comments!
BITMEX:BTCUSD.P
by grandcardone
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