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Secretguy

BTC - Big htf bullish divergencesSo this start of the week isn't the most bullish, but you want to trade what's not on the chart yet. Checking H4 indicators, TrendExhaustion and RSI signal a hidden bullish divergence, meanwhile the price does new local lows - I expect a bounce to 22' (at least) in the near future based on that. Another Signal comes from the Divergence Spotter ("L") which suggests longing aswell. VIX - published yesterday - has reached the wedge's target and I expect it to come down to retest the broken wedge - which would also be bullish for stocks and crypto. Not yet the bearish movement I'm seeking. Longing.
BINANCE:BTCUSDLong
by TheSecretsOfTrading
1
BTC - ITS REALLY BEARISH...Top of the Mornin'! Today I bring sad news. The weekly is amazingly bearish... For starters: - Whole Bitcoin's lifespan we were in a bull market - what we called so far "bear markets" were retracements from big deviations after parabolic moves - ofcourse the scale and length of it makes it look like a bear market - but it actually wasn't. We were on the bear side a few times and recovered quickly after - this is why we are used to a constant growth on the chart and we name retracements "bear markets" - where a real bear market hasn't yet occurred. A real bear market is where we go back to prices from long time ago - even before the previous cycle most bearish price. - Whale Money Line - this is not lasting long at tops - and we are at the very top of it - to me it shows we're done here. It needs a retracement and some air before going anywhere higher. - Trend exhaustion is the most scary part - not only we created a divergence on the tops (they were bearish, that's why we shorted the top), but the lows are also creating the same bearish divergence - which only means that we're headed lower. We are in our way to 29k to say the least here - and I have no doubt about it. And I expect us to be on the bear side of that long-time trendline - but I don't know yet how long. The worrying part is that reaching 29k will form a double top pattern... Be safe.
BITSTAMP:BTCUSDShort
by TheSecretsOfTrading
1
BTC - welcome bearsTop of the Mornin'! So we crossed the Bull Run Main Support. I officially am a bear for bitcoin until we cross it back up. Until then - Let's trade! So here is my near-future suggestion - we touched bottom of the falling wedge again - so now the price will bounce up to the top of the wedge - bullish divergence spotted also confirms that move. Then we see if we cross the line - if so - then 47,5 will be retested - if the bears get stronger - down we go. TP 1 - 43,5k TP 2 (if we cross 43,5) - 47,5k Also for the bears: - suggesting to place a Sell Limit Order at 43,4 with SL at 43,8 to catch a good position for the bounce down. My main Bear Target is 28,5k, unless we cross up - which I will update you with if it happens. Good luck!
BITSTAMP:BTCUSDLong
by TheSecretsOfTrading
2
BTC - Bulls slowly pushing the price upTop of the Morning' ! After last manipulation lots have changed - ALTs bleeding and BTC consolidating. As I am a long-time programmer, I started to code my own set of indicators (using different resources + basic indicators as a base). And came up with: Trend Exhaustion + Whale Money Trend Direction Bulls vs. Bears Today let's start analysing together with these indicators. Fundamental part - we are forming a descending wedge pattern - which retested the top 2 times already and a possible 3rd time will happen soon. That wedge ends on the most crutial trend line, which supports this whole multi-year bull run. Breaking both the wedge and that line will lead us to at least 30K if not lower. Breaking the wedge towards the upper part would lead us to retest the top again (possibly leading us to new ATH as this would be the third time we test that area). More on that later, now the indicators: Trend Exhaustion + Whale Money Whale money (blue line) shows the flowing money into the market. We see that this line bounces up together with the waterfall dip and started going up since then. - lots of room towards the upside which is good, as this line moves in long waves Trend exhaustion (red-green line) shows the exhaustion of a given trend. last tops formed a descending line, which got broken lately - which suggests bullish divergence in this case. Trend Direction We bottomed - plenty of room to go up, but still bearish until this line bounces at least to the middle of the cloud Bulls vs. Bears We are in the bear territory (blue lines under 0 values), but we are reversing towards the up-side, while the price kept going down - bullish divergence! All suggests Bulls are fighting and slowly pushing the price up - breaking the wedge is crutial - for now I'm waiting for the 3rd retest of the wedge's top. Cheers!
BITSTAMP:BTCUSDLong
by TheSecretsOfTrading
1