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Sideways

BTCUSDT BINANCE: A quick update. on 10-22 We had BTC -0.24% moving within the channel looking to make a move back into 6600. This failed and BTC -0.24% decided to take a small dump down to 6515, stalling temporarily a lot of the momentum that was gathering in many of the alts. At the time of this writing we see that BTC -0.24% appears to be accepting this level for now gearing up for some sideways action and that much of the momentum within alts has resumed. Note that the top gainers today so far on Binance are a new set of alts than the last 4 days. Looking within the yellow channel region we can see that over the past few months that this is the strongest sideways support that BTC -0.24% has had in terms of the length of time that it can spend within the channel. This bodes well for a potential movement within the alt market to keep momentum flowing... However, as we are dealing with BTC -0.24% there is always a risk that we might swing around 100$ easily. Today, on 10-23, I see BTC -0.24% going for another attempt at 6600 as the indicators appear more primed than yesterday for a push back to that level on several timeframes. What we need to watch out for are sharp downward price drops on the low timeframe with increased volume that will bring about a sudden panic in the "low level traders". There is still a strong bearish sentiment within the market despite the profitable % gains within alts these past few days. Be prepared for a drop of BTC -0.24% back to 6300 region always but enjoy this start to a positive sentiment for today. For now... enjoy this sideways action and take note how .4 % swings in BTC -0.24% price downward are still effecting many of the alts.
by Altcoin_Ninjas
Sideways movement on DowWe doubt that there will be much bear move at this point, but we shall continue monitoring the price movement before making any decisions. Dow fell last week and got some price rebound off the supply zone. Yesterday, we saw it moved around 300 points which was more than what we expected. At this point, we still have a slight bull bias in the near term but it depends on price level and weakness. With the trend still intact upwards and stochastic in our favour, any price between 25100 - 25250 may be an ideal entry point for good risk to reward. Do also catch us on our Instagram for more updates www.instagram.com
DJ:DJI
by TradersArticle
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
Bitcoin | The Calm Before The Storm? [BTCUSD]Taking a look at the BTC charts today, Bulls and Bears seem kind of in equilibrium. The range is getting tighter and tighter. I don't think we will immediately break above 6.6k or below 6.2k. We mighty consolidate between this range for a while. This may seem like BTC has finally stabilized, but I rather think it's the calm before the storm. We're at the end of a multi-month consolidation pattern - therefore, I assume that we will see some violent moves soon. The upcoming ETF decision is probably the catalyst. Bitcoin going sideways may give Altcoins some room to breathe. Since they've been dragged into the dirt so much, I'd assume that they go up during BTC consolidation. Patterns Ascending triangle or bear pennant. Pick your poison. Have a nice day!
BITFINEX:BTCUSD
by REKTCryptoTrader
NEO - FOLLOWING THE LEADER Hey Everyone, a few Friday night thoughts here for NEO, as many of the ALTS are currently, NEO is also following in BTCs footsteps here with a channel and lots of sideways action... I love when channels form they are simple and easy ways to trade, as you can buy support and sell resistance. :) The channel points nearly always coincide with the Fibonacci lines. I always like to add these just to double check. REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3
BITFINEX:NEOUSD
by LisaNEdwards
8
Rule number 1 of trading/investing.As I am bored to near death, I just look at random stuff from time to time, and let me post about trading rule #1. You could call that a motivational post I suppose. PRESERVE CAPITAL. And do you know what trading rule number 2 is? Re-read rule number 1. Sure maybe the ranges can be traded but unless you are 100% sure and a strategy that worked over and over and over, don't bother. Even with a guaranteed strategy, I bet there is a risk of an explosive move at ANYTIME. So even if you just trade the range once twice then stay away to avoid taking that move against you it might actually explode before? Nothing is better than trading trending pairs (or stocks or crypto's). Maybe you can make quicker money on flash crashes buying dips, I still prefer going with trends, just nearly guarenteed wins if you don't join last :) (I have no idea who most of these people are) "Most investors focus on how much they're going to make rather than how much they could lose. Our focus is on the downside" Marc Lasry "Safety. Considering the downside is the single most important thing an investor must do. This task must be dealt with before any consideration can be made for gains" Irving Kahn “Don’t focus on making money, focus on protecting what you have” Paul Tudor Jones “An investor is more likely to do well by achieving consistently good returns with limited downside risk than by achieving volatile and sometimes spectacular gains but with considerable risk of principal. An investor who earns 16% annual returns over a decade, will perhaps surprisingly, end up with more money than an investor who earns 20% a year for nine years and then loses 15% the tenth year” Seth Klarman “An investor needs to do very few things right as long as he avoids big mistakes” Warren Buffett I want to quote Phil Town but on this all he does is quote Warren Buffet. "A very important data point for me is to try to avoid permanent loss of capital" Mohnish Pabrai "Look down, not up, when making your initial investment decision. If you don’t lose money, most of the remaining alternatives are good ones."Joel Greenblatt ^ Oh this is my trading system summed up XD "Watch out for the downside. Don't worry about the upside" Jim Tisch "We prioritize the avoidance of catastrophic loss first and foremost and focus on potential gains second" Zeke Ashton (See my post on the 2015 EURCHF mega drop that wiped up several brokers and legions of "hedge" funds) “Capital preservation is always far more important than capital enhancement” Seth Klarman “The notion of understanding the first rule of life is important: don’t lose money” Mario Gabelli "Return of capital is more important than return on capital" Mohnish Pabrai I wonder if bad traders prefer sideways markets, since it is more random and some of them with luck might end up not losing for the first time in their lives?
Education
by MrRenev
5
[Red Apple] "Correction Over???" _ BTC/USD _ 18.07.20Flag pattern that I mentioned is broken to upward. Can go higher ???? Then, Let's start the analysis for today's BTC/USD chart. If you are busy, you can just read below briefly '1. Briefing ' '4. Summary and Strategy' and click '+Thumb up, +Follow' :-) 1. Briefing # Sideways Movement # Penetrate 100EMA # Resistance of Neck-Line on Bitflyer market(refer to yesterday briefing) 2. Day 1) Trend Trend line is being supported 2) Candle Spinning Tops -> not importance 3) EMA a. penetrate 100EMA(orange) -> focus on support b. 20EMA(red) and 50EMA(purple) will be crossed soon. 3. 4H 1) Trend Same as Day analysis 2) EMA the distance between candle and 20EMA(red) is closer. there is possibility to retest 20EMA. 3) Pattern Patterns in previous briefing Double pattern : support neck-line and then going to top again -> Can be changed to Triple Top or Rectangle Flag pattern : broken upper side. now upper side should be supported. 4) Indicators a. Hidden Bullish Divergence was found in previous briefing and Bollinger Band also had possibility to go up-side in short term due to 1H frame. Check the result from Purple Arrow on the chart. b. Now, normal Bearish Divergence is shown from RSI , Stochastics and CCI in 1H frame chart c. Candle is touching upper band of Bollinger. it means it can go-down to base line of Bollinger. Using Indicators just for a reference And check empty accumulated volume range in previous briefing 6) Fibonacci Heavy accumulated volume range 0.382 ~ 0.5 4. Strategy and Summary Almost Same as previous briefing. Bullish View : Penetrate 100EMA and upper side of flag pattern but firstly, neck-line in BITFLYER market should be broken. If you are conservative trader, check this line. Bearish View : I expected market correction will be done at least to Fib. 38.2% (about $6800) and heavy resistance is existed upper side. Therefore, should be careful always before penetration of neck-line If you think my idea is helpful for you, Click '+Thumb up, +Follow' :)
BITFINEX:BTCUSD
by Red_Apple