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interest facts On the BTC charts i see some very interest facts showing up on the charts when i look for confluence to see what direction the market wants to move on btc, im seeing the commodity channel index the momentum indicator and the macd all showing bullish divergence instead of bearish signal you can see i have drawn some lines on the indicators to show what is actually happening inside the chart when you look at other indicators in combination hope this helps others see the short term bullish pattern i see this is no financial advice this is only my opinion and a hypothesis i feel the market will go up slightly before going down again
COINBASE:BTCUSD
by ZeroXFiles
Dropbox gained a major multi year resistance zone!The higher low in november 2020 showed a break in market structure from a long downtrend since mid 2018. A higher high followed in december 2020 which was the first confirmation for a trend reversal. The next higher high en higher low fully comfirmed an up trend, which is still going strong and recently gained a multi year weekly resistance zone , which is a very probable new support zone to retrace to for the next higher low, and also a point of possible entry between 26 and 27 $. When the weekly supply zone around 31.3 and 32.3 $ is flipped the ATH will probably be challanged The analysis above is not financial advice by any means, it's purpose is merely providing educational value tho those who are interested in learing about technical analysis
NASDAQ:DBXLong
by Stefan-Trading
1
BTC Looking for another re-test of that 40k Zone??Morning crew! BTC doing what we expected from this weeks update after just front running that demand zone. We knew there was liquidity at this level and the buy up has a little more promising...HOWEVER We're still in a descending structure and until we make a HH above that 40 zone, we'll play the range. Looking at our 4hr indicators we have some room to move, so some upside potential is looking on the cards. As we approach 40k and if we break this descending structure, I would be VERY cautious above opening any longs at that area until we get confirmation of a range breakout. Some super bullish fundamental news for BTC this week, so the catalyst is certainly there for a move up!
BITSTAMP:BTCUSDLong
by Unity-Trading-Group
USDMXN | SHORT-Values- Entry Range: 19.93293 - 19.97017 Average Entry: 19.95845 (RRR: 1.86) Stop Loss: 20.00931 Profit Target: 19.86254 -HOW TO ENTER MY TRADES- 1. Ladder your entries. You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled. 2. Only first touches are valid. If price is rebounding back into the entry zone after either the profit target or stop loss was hit the entry zone is no longer valid. Example: Trade Idea: Valid and Invalid Entry:
Short
by Event0011
NZDUSD | SHORT-Values- Entry Range: 0.72242 - 072454 Average Entry: 0.72385 (RRR: 1.85) Stop Loss: 0.72678 Profit Target: 0.71840 -HOW TO ENTER MY TRADES- 1. Ladder your entries. You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled. (The "Average Entry" you see in my ideas are always 1.8 - 2.) 2. Only first touches are valid. If price is rebounding back into the entry zone after either the profit target or stop loss was hit the entry zone is no longer valid. Example: Trade Idea: Valid and Invalid Entry:
Short
by Event0011
5
If we fall below the 200dThe 200day simple moving average has proven to be a leading indicator above all else for Bitcoin's bull cycles. Pay attention to previous activity over 6 years and observe price correlation around this simple moving average. The reason price respected and stayed above the 200day SMA is unknown, but as a imperialist, I must honour it. Another indicator to note is when Bitcoin retraced enough to test the 200d SMA (and stay above it), the daily RSI was right around this level we see now ~ 28-31. Thus, the suggestion could be made using previous data that a low risk entry on BTC could be taken at this time. I will be doing some modelling in Excel to show the exact correlation over the years between price action at the 200d SMA and price.
COINBASE:BTCUSDLong
by massimoanile
COMP/USDT ANALYSIS, LOOKS WEAK, POTENTIAL SHORTNow we analyze COMP/USDT. We see here the major bearish divergence which signals a downward movement. If this downward movement takes places which looks very likely, we can see a move to support at $608, if we can breach $740 and keep 4HR candle above it then we can see possible move upwards, I am not taking position here but best bet is a short to $608, take profit at $640 to protect funds and always use proper SL, here are the important levels, also lots of selling on MAC so watch that as well. Support: Local $706/$608 Resistance: Local $859/$909 Always use SL to protect funds, use 3% or your best judgement.
Short
by jcrozb
1