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Will bitcoin break the resistance? Support and resistancesBitcoin testing "Resistance #1", if it breaks my next target is around 11690 USD The upwards trending resistance line which goes through "Resistance #1" is important too, if it breaks I think we will see a parabolic movement to the "Resistance #2" If Bitcoin fails at "Resistance #1" i'm looking for retracement back to 7900-8450 USD support zone I think that upwards trendline on the RSI is so important, last time when it's broken to the down side Bitcoin dumped too.
BITSTAMP:BTCUSD
by CryptoCat93
USD/JPY Long PositionFX:USDJPY Entry Level: 109.850 TP: 11.850 SL: 108.42 Ratio: 2:1 Based on the daily chart, the price has closed at a key support level which it hit in mid september 2018. Note that after that it hit that resistance level, it went on a major bull run, which saw the price go from a low of 109.900 (current), to hit highs of 114.00 !! In addition, the current candle is a long wick, signalling a potential reverse as buyers are coming in. US-China trade talks are close to reaching an agreement, which should see the dollar rise back to its average moving price ranges.
Long
by WallStreetBaby
Simple BTC short tradeAre you a bull or a bear? It doesn't matter much here to be honest. It's not hard to see where is the resistance and support for BTC. Are you a bull and you think BTC is going back to 20k and than 50k or maybe up to 250k? Maybe someday it will... But even if BTC found the bottom and we are in uptrend it's just very unlikely for the price to sky rocket through 6k. So why not short it? After it bounces from the resistance the only support at the moment lies down at ~4250 area. It's really not much else in between. No man's land. At least for now. I expect price will stay between in 4.2-6k area for quite some time as well. It's hard to imagine that BTC will switch from bear to bull mode so smooth (even if some alts suggest so). So we should get some retests of lower level(s). Some ugly red bars to get rid of all of panic sellers.There will be plenty of them. Than you can go long. As a trade or even more as long term hold if you want. Are you a bear? Than it's even easier. Take some profit when price comes down to support and hold some if you think we will see new BTC bottom. Short again if it comes back to resistance at ~5850. You must be wondering what if price slices through resistance. Well guess what --> You are risking around 4% to gain 25%. This trade needs to work only one time out of 7. So if you think there is like 20%+ chance price will bounce of the resistance at around 5850 than this trade is printing money on the long run. Even if you got stopped out more often than not. This is why you have stop loss! _______________________________________________________________________________________________________________________________________________________________________________________________________________________ If you've learned something new by reading this you can choose to support my work! --> Sign up on Binance with my Refferral link: www.binance.com --> Sign up on BitMEX and get 10% discount on all fees for 6 months after you sign up using this affiliate link: www.bitmex.com The supporters will get all the help needed to learn using different trading platforms AND understand risk management in trading. So now your account can be long term safe. Do you know why you should always use Stop Limit instead of Stop Market on BitMEX? If you don't you can wake up someday with an empty account. You can also choose to just simply donate to any of my addresses: BTC: 12qe5buhPQTAEnqmMYBNafymePd9BAgqJT ETH: 0x134c60f13c48fe1ea48b10f980a2c68070f1bf82 LTC: LTuRNgXDU2ojj7DseX4GRhQcFyJzXo82mn I always suggest trading on demo accounts at least until you have decent sample size of trades without losing money.
BITMEX:XBTUSD.PShort
by Metiu
Long Term Short Setup Using Raghee Horner's IndicatorsIn addition to the elliot count short setup posted previously I'm going to be scaling into a short on btc using the 34 ema indicators often used by Raghee Horner. The basic idea is to short into touches of the 34 ema of the day lows with a stop a bit above at the 34 ema of the day highs. The darvas box shows that price is forming a poor low which is likely to be retested and after a few strikes on the propulsion dot area it is likely to break lower and make a measured move to the $2 to $1k region.
BITFINEX:BTCUSDShort
by mljones
1