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ETHUSD! Be careful with long positions!!! 08/07/2019Hi, everyone. Yesterday, the ETH could truly breakout from the wide balance (192-235) and start the uptrend. But instead, the breakout was false and the price returned back into balance. And close to the Asian session the price showed a bearish initiative. At the moment, for the bulls to take control again, the price needs to breakout 2 levels - 231 and 240. Breakout and holds above 231 will open the road to 240, where the bulls will again try to break higher. A true breakout of 240 will open a new bull trend with the first targets 267 and 278, so in the area 235-240 you need to closely watching what market participants are doing. This can be seen by volume and price reaction after that. While we are below 231, we remain in the priority of the bears, so now we are waiting for the price decline to the level 217 with a potential goes to the lower balance level - 192. If you speculate intraday, do not forget to put stop loss orders and control your risks. Wish you all profit.
by mooncatcherpro
BitcoinContinue to update BTC structure from previous posts. Bitcoin price is reversing in Descending Wedge (Falling Wedge) with RSI giving us Bullish Divergence signal. Projected take profit targets near 12000 and 12700 dollars. As we saw price started to surge from 13200 («B» wave purp) with Bearish divergence on RSI and Ascending Wedge (Rising Wedge) breakout. I called this move on previous analysis Now price made a new Descending Wedge (Falling Wedge) on a chart you can find it marked with blue lines. Projected target of this wedge should be around 12000 as TP1 and 12700 as TP2. Good stop loss is under previous low at 10950. RSI stoped dropping at 23 (11600) and continued with higher lows from it with bullish divergence and lower lows on price 11150 and 10980 respectively. Follow up my TV page to get new updates.
BITSTAMP:BTCUSDLong
by ArShevelev
8
Rising Wedge Long BTC - Custom Longs/Shorts IndicatorCheck out the ALL Longs vs Shorts Indicator, Click Here It can display any pair's Longs/Shorts on BitFinex The amount of Bitcoin short positions on Bitfinex fell by 20% this morning following a 6,500 Bitcoin short order being closed. Usually a move of this magnitude would move the Bitcoin price up, but it didn't break $5,350 level of resistance. The lack of price action could be attributed to a hidden sell order being placed, which would mean that in spite of the $34 million short position closing, price would remain pegged to the hidden order. The amount of long positions on Bitfinex did increase from 23,800 to 26,000, which could suggest that a trader flipped their short position to long as a result of the ongoing market rally finance.yahoo.com
BITFINEX:BTCUSDLong
by crypt0logic
1
Mirror image repeated pattern ETHUSD SHORTING SIGNAL/TARGET Hello my Crypto friends! Look what i have discovered today... YES a repeated pattern nearly identical to what we saw almost a month ago. I highlighted the uptrend in BLUE and downtrend in RED. The current 61.8 fib support level is at 138 which is a very KEY support level. If we break through $138 expect bounce of trend line as $138 support would turn into resistance. Once trend broken look to see support found at $125 which will be a great place to close your SHORT as i have provided you with a trade signal in the chart that i have already shared with my VIP members! Best of luck to everyone following this chart!!! Thanks, LiquidMEX DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
BITMEX:ETHUSD.PShort
by SolStackz
3
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
BTC/USD - SHORT Has Priority. Detailed Analysis.At the moment the price is located above the support of the big channel and above the support of the tight channel. There is only one question: where the price will be fixed, above the big channel's support or below it (rectangles with green and red arrow). If the price fix inside the big channel (green rectangle) , the next movement would be upward to the gree level. After reaching it, we would be able to think about the further BTC movement. If the price fix below the support (red rectangle) , the next movement would be downward. Target would be the support of the decline channel. In case we break it too - BTC would be able to drop lower to the zone of $3000-$3200 . At the moment , it is worthwhile to put sell orders as high as possible, because now the priority is SHORT . Until we rise above the MM level ($3620), it is not reasonable to consider LONG. I strongly recommend reading the previous idea on ETH/USD. If you like this idea, do not forget to put Like and subscribe to the profile, so as not to miss the update.
BITMEX:XBTShort
by BillCharison