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Rangetrading

A Long Term Perspective on BATI feel like I need to post another analysis on this coin, as it is a classic example of how people get caught up in short term price action without paying attention to the bigger picture. Here is my previous analysis for reference: In that analysis, I said that we could test 6000 once that bull flag was broken, but it was not able to break the range, so we fell down hard as expected. Currently waiting for some sort of rebound, but seems to be floundering pretty hard so far. The next support is 4100 (where I sold originally). It does need to bounce a little eventually, since it has dropped over 30% since yesterday already. BATBTC (Bittrex) has been in a downtrend since its inception. It has failed every time to get back to its original BTC ratio. Because of this, the coin has been relegated to a range. This range is actually starting to look like a giant pennant on the weekly chart. Yes, this pennant can break down. Conditions under which it can break down: We continue to drop hard from here, and fail at 2500, only to continue to the long term bottom of 1000. The fundamental reason for this to happen would be that BAT is not a coin to be held. It may very well have zero use as a store of value or payment method. Yes, people can get coins for free and Brave Browser is cool, but the coin itself may seem to investors to have no real utility, at least when you compare it to other cryptos. Notice that the coins that have performed best over the last year are coins with real payment or network utility (see XLM, XRP, TRX, NANO, BNB, VET, etc.). Based on BAT''s price behavior, investors don't have enough confidence to increase its value. What we see instead is a repeated cycle of pumping and dumping. Since this pennant was created on the breakdown of the 6000-7000 range, it could easily go to the downside. Conditions under which we can break up: We actually rebound hard soon and break out of this pennant to the upside. Under this condition, I might buy some for long term. Won't really have confidence until we break and hold above 6000 for more than a week though. All the people who dumped BAT on its launch have been playing this range for an entire year and making an enormous amount of money off retail traders like us. These are the people with the most control over this coin's supply. Once these sellers are finally flushed out, we might be able to move up. -Victor Cobra
by VictorCobra
BTC current trading price rangeFor now, the BTC trading price range is at $6116 as the support and $6781 as the resistance. Cross-referencing the current price of BTC against stochastic. It is most likely that BTC would bounce back at $6116 and then hit the resistance at $6781. For now, we are unable to tell whether BTC would break through the resistance of $6781 as only further analysis would tell when the price of BTC gets near to the resistance. So be sure to be up to date whenever updates are posted! For now, it is a great time to go long if you are doing swing trading. However, always remember to put your stop losses! If you wish to donate, here are the addresses you could donate your coins to: Bitcoin Address 3AC7bbBQvKdVTY5B2JhvkgyxcfAymWRehV BitcoinCash Address bitcoincash:pq49556q9waej6gryt36eaxv7sx63eu39yr36hwm2w Litecoin Address MAbr3WfBCvVYz3FAkYA6ZtwEDLKqd2EANF Thanks for donating! It is great to see my work being supported by you guys!
COINBASE:BTCUSD
by TrevorSoh
BTC overview for the next daysPrice is moving inside a broader, well defined two-month range. No clear direction yet, until range gets broken on either side. While in the range, apply the range trading strategy. Look for buy/long near the range support. Looks for sell/short near the range resistance. Rinse and repeat until stopped out (range breaks). No panic. No overly bearish/bullish sentiment. No emotions. Play the numbers. Play the probability theory. Play the context. Focus on risk management. Have patience. Profit on either direction.
BITMEX:BTCUSD.P
by eyupium
1
BTC - Boring Range H4Hello guys, boring chart, we've been trading in the same range since Oct. 15. Price is currently stuck at the 50/100 EMA, they are currently acting as resistance which is a good sign for me. The more we hit a resistance/support the weaker it get. If we indeed break that resistance I expect the 200 EMA to be the next solid resistance and the 50/100 EMA would be acting as support. MORE SIDEWAYS ACTION LOL. But at the same time, what apply to the 50/100 EMA resistance right now apply for the 200 EMA too. We tested it 5 times since Oct 15. But is 5 times in the last week enough to smash the ol' n' mighty 200 EMA, hmm... The other important thing that I'm seeing is that we are currently consolidating/distributing below a important pivot point (6500~) which could be a good sign of a future breakout above or below. So I will be waiting for a breakout on either direction, even thought I feel more bullish right now. Be patient, trade wisely, don't copy me and of course keep learning ! vOid
BITMEX:BTCUSD.P
by vOidca
State of Mind October 18thNew day on the cryptos market! What happened last night? Overall, the market has remained stable, as can be seen from an analysis of total market capitalization, which has stagnated at $211 billion. The Bitcoin is still evolving laterally for the moment staying around $6,740 still in its trading range with its support at $6,650 and its resistance at $6,800. Over a period of 1 hour, the evolution of the technical indicators is uncertain with a MACD and CCI that evolve in a neutral way and a WaveTrends that crossed with a downside risk. However, over a 4-hour horizon, the indicators are negative with a WaveTrends and a MACD that evolve with a downward trend. In conclusion, this sideways market could head in both direction, that's why you must use stop-loss if you try to profit from opportunities on the market ! More info on t.me
by Arnaudcrypto
gold is in a rangelast Daily LH around 1217 Ranges can be lucrative, as they offer trades with relatively low risk compared to the potential reward if the range continues. They look simple, but can be tough to trade in real-time. View support and resistance as price areas, not specific prices, because rarely will price stop and reverse at the exact same level(s) as before. An increase in volume should typically accompany a breakout, so if volume remains subdued while the price is in a support or resistance area there is a greater likelihood the range will hold. Price reversals near support or resistance help highlight that the range will continue. Stops can be placed just outside these reversal points to control risk, with targets near the other side of the channel. Only risk a small percentage of the trading account on any one trade, that way a single loss doesn't significantly draw down your capital.
FX_IDC:XAUUSD
by jarttu