TRX short reentryTRX breaking 4h support zone, short the retest 585-588
stop loss 596
target 545
vpvr gap. I think it will be a quick ride
Short-btc
$tusd big picture$tusd has always been a good way of charting btc moves as it is a cleaner chart that respects fib and EW.
this does mean that tusd i currently on wave 4 and has fallen 0.5 of the last wave down.
due to its uprise it does mean that a drop to the 00017-18 area is possible but until btc breaks 4200 we could well of seen it correct here and look to start making a leg up.
the questions is does w4 double bottom and we move up or are we still sub B meaning a double top (or double bottom for btc around the 3200 area) happens before we drop.
either way we need a HH or HL either side for confirmation.
it feels bullish right now but i think a bigger btc drop will happen after a bigger tusd ;-)
BTCAs expected from my last chart,
BTC Price falls out of channel and takes a little while but ends dumping 5% or so
Next target is 3k then looking to bounce at 2800/2850
AIONBTC A great coin seeks its bottomA thorough analysis shows that AION has not found its bottom yet. We see a replication of rising wedge pattern. Indicators are bearish: MACD Level (12, 26), SMA & EMA (5, 10, 20, 30, 50, 100) and VWMA (20) are negative right now.
We see a high volatility according to DMI (14,14) and Overbought state according to Stoch RSI (3, 3, 14,14)
These facts tells us that the coin started its further downtrend after BTC has dropped. It means we should wait more before we can enter this position or open a short deal. In a short - middle term there should be a further decrease, be careful
Is the 3rd $BTC leg down the charm?The first breakout to the downside after a period of consolidation hit the target around $4800 and decided to consolidate again around that number. (move marked with green arrows)
The second breakout after the consolidation of $4800 reached its objective, which is currently the low for the year.
A symmetrical triangle has formed after the low objective was met, and being a continuation of trend pattern, look for a move to a new low with a minimum target near $3120.
Overall, volume has been decreasing as the triangle formed and the hold at the black 61.8% level at $4153 (failure to reach the top of the triangle) is a bearish sign.
We need volume to kick up as price breaks underneath the triangle, but I am holding shorts for now.
Thoughts?
Be Careful! Bitcoin Going Lower! (BTC)Bitcoin downtrend is strong, and there does not seem to be much hope of a rally until we reach lower levels. Volume is still consistently low, which is not a good sign.
What do you think? Do you think bitcoin is going lower, or do you see a bullish rally happening anytime soon? Please leave your comments below and lets discuss!
Looks like the FUN is DONE for #Bitcoin, #BitcoinCash & #Alts!Looks like the FUN is DONE for #Bitcoin, #BitcoinCash & #Alts! TAKE YOUR PROFITS!
THE BREAKOUT WE ARE WAITING FOR?This is more of a longterm chart. But since the volume is so bad and the range is getting tighter and tighter it's very dangerous to trade here. What i am looking for now is a break above the blue triangle either up or down. For a break above it, i look for a 8,5k USD target. and for a break below 5800 (0.236 fib) i look for a target at 4500-4100 USD.
I am more on the bearish side of this sprectrum. Due to the reason that if we reach (e), and it proves to be a huge resistance, it states that it would be the end of the ABCDE, and it will go outside the current range and target 4500-4100 USD.
BTCUSD SHORTAnother great short opportunity. 2 red candes showing a lot of downward pressure and a clear bounce from the resistance area marked with the red zone. Tight stop loss for this trade to close out if any reversal were to happen due to manipulation.
BTC Day trade Sept 27 - 2I am testing a strategy and will be posting All trades taken with it here.
This is data gathering and strategy may change. These are actual trades I am taking.
Testing has been positive so far, and now it is time to live test.
Provided for educational purposes only.
Short Term Trade. H&S on 30m TFBITFINEX:BTCUSD H&S Has formed nicely in lower time frames. This may be the catalyst we've been waiting for all day which will drive us down to about the 6.3k Area. 6.1-6.3k Is a nice area of support so it would present us with a nice buy opportunity should the neckline break. and target hits. Stops for the 6.1-6.3k buys can be set at around 5.8-5.9k.
If a reversal at the neckline occurs, the H&S could still be valid as long as BTC stay within range. Upside potential at this point is capped at around 6.6k. Bears have been determined to keep this down below that level for the past couple of days so don't attempt a long unless we break that 6.6k resistance with force.
Keep in mind that people that hunt for stops will usually know everyone has them set there so they will attempt to trigger it to load up on cheaper BTC before pushing price back up.
BTC IS BUILDING A BASE BUT WILL IT BE STRONG ENGOUH ?The yellow line is the base I'm talking about, we can clearly see higher lows, but as long as we stay inside this triangle and the indicators aren't looking bullish, I think we stay in a Bear Market.
Volumes are slowly decreasing while the price is slightly going up in 1D
Still waiting for a clear EMA crossover in 1H even though recently there have been signs of reversal.
MACD is not quite setup yet.
My Website :
blockchainFiesta.com
BTC Daily Thoughts - BitcoinMFGM to all
BITMEX:XBTUSD
1D starting my morning by seeing this reversal on the daily indicating might be DUMP inc.
Im searching for MACD lines to set apart and negative HIST. for confirmation.
Short signal 12h. nuff said. no advice.
Is it liqidating 6h late longers or is it gonna drump some more?
3h. every 3 hours bigger RED candle. (been dropiing for 3 candles in a row)
1H back to ~entrypoint from lat hourly signal
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Have a Great Day and good luck
BTC showing bearish signsEven though I have not yet placed a short, BTC is looking to close its weekly candle below last weeks low (61xx). The bears are not done yet, as I am expecting a final push lower before the final bull run. 46xx makes a lot more sense for institutions and big money to jump in, but a reversal from 57xx has happened three times before and clearly serves as a strong support. I doubt this will be the reversal, even if it serves as support in the short term. When this level is finally broken, weak hands will be apparent and panic selling will set in. This could easily smash us below $5000 and finally meet the levels that big money has been eyeing since the crash. Consolidation is expected between the resistance of 66xx and support of 57xx. Short term, a push upward to the 9EMA, which is aligned with the resistance shown on the chart (66xx), would not surprise me. If price reaches this level of resistance, I will place a short trade with a TP in the 61xx region and a SL in the 69xx region. If this region is met, a quick melt back down will happen because I strongly believe the weekly candle will close bearish. As seen with the highlighted green squares, every time we have had a bearish weekly candle, it is followed by another bearish candle. History tells us that this weeks candle will close bearish. Time will tell, happy trading!
