Option A BTC/USD bearing idea Just idea of in which direction we shall break toward the next week or so in regards to the pressure building within the traingle, volume is currently very low , likely to see a decent momentum towards the bearish (A) or bullish (B) market soon enough...if we continue to descend from here will be interesting to see if support at 6488 holds , if it does we should see a bullish bounce to test the 6600 region once again... if support is broken at 6488 it is likely that we could go abit deeper down to the 6200 are or even lower..
#trading #crypto #bearish #bullish #bitmex #bitfinex #Binance #bittrex
TA
BTC It's About That Time@Crypto8020
The BTC market has a well established higher low near the 6400 level, and it continues to show bullish signals. The longer it stays slugish, the greater the short squeeze will be. The herd is either bearish, or bored.
This is the sort of environment where great opportunities arise.
We are long. Its only a matter of time before the market breaks out. We‘re holding strong for short term targets, with an opptomistic eye on the long term.This is not the time to sell, BTC IS consolidating and establishing higher lows on multiple time frames. As long as the bullish trend line holds, the market is showing bias toward higher prices.
Action is low and the herd of sheeple are losing interest. This is a great sign. Remember, BTC consolidated for two years before it broke out and ran 20X last year at the end of 2017. Most sheeple were trolling negative comments and claiming BTC was dead. Week markets sell fast, this is not a week market. At any moment the market can be triggered by positive or negative news.When the breakout occurs, it will be dramatic. It will attract the reactive sheeple. The top of the herds reaction will be a good time to sell and wait for a retrace to rebuy.
A chart is human emotions on a graph. It is a representation of order flow. Human behavior and intentions can be identified in price patterns. Currently, what price is NOT DOING, is telling us a ton of information. The emotions of Fear and Greed drive prices in every market. Best!!!
@Crypto8020
Kalytera - Technical AnalysisDear Traders,
As we can see KALY is retracing, the idea is to find our next entry point.
Have a look at the green circle, that 50 fib level might be our point of interest.
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$BTC | The last "bear market" stance.There is plenty of context to understand what is happens.
If we break UP out of the descending triangle, we need to see a higher high than 8500 to become actually bullish, we could potentially go stagnant in between for months . . .
If we break DOWN out of the descending triangle this is what I am watching;
Bitcoin @ low 4k = 75 mil m.cap
Bitcoin @ 3k = 50 mil m.cap
Potential bounce zones are marked, I MIGHT even say we see a capitulation wick from 3k -> 1800.
1800 being my LPS. Period.
This analysis was post Pomp's podcast and a deep study into the history of Bitcoin.
These are my thoughts, cheers.
Bitcoin SHORTPlain and simple, this is a bart. If you do not know what a bart is then you are about to find out look up a pic of bart simpson and you'll know. CNBC even just went long, and if you are a seasoned BTC trader then you know that counter trading cnbc is a real thing that works 90% of the time. Lots of technical indicators are also diverging bearish and every time we try to bounce, we drop. Longs are also increasing after yesterdays massive fakeout and even bigger pump. I am short eth and xbt, double the profits or double the rekt. You heard it here first. I may post tmrw or saturday because i found a very incredible fractal that looks just like what is happening under our eyes.... I will be the first to admit if i am wrong or not. Happy trading, bluwhales all the way. :)))
Euro movements on the watchEuro is on it's sideways movement. Good thing is that an opportunity to collect some bucks from this trades.
Something that have caught our eye is EurCad, on nice downward trend, this pair is seen trying to push it's way up to the last high of 1.5350/1.15400. Anything close to this zone may appear to be a good trade to risk.
Ethereum-USD 2h Chart Short term- But not for long ! In the short term, we follow a short trend, but then we expect the bulls to wake up and the long trend to wobble. In my view, the threshold of less than 200 $ ETH will not be reached despite the reversed deviress of the indicators. For buyers, the price of around $ 200 is a pretty good investment for a long-term deal, with a very low percentage chance of losing.
And do not forget, do not invest more than you can lose.
BTC (9/17/18) NeutralThe .382 fib level, trend line support, and 50ma all seem to coincide at the $6390-6400 range. a close below this I believe will continue the bearish market trend. A break above the trend line resistance would likely bring us to the 100 and 200 ma around $6625. Also, Btc had its lowest volume day since Nov. 6th 2017 (source coinmarketcap historical 24/hr volume - all exchanges) & Bitfinex hit its lowest volume on the weekly chart since July 2017. Possibly something big in the works coming soon. Trade careful.
Bitcoin LONGOkay y'all, this market cycles has happened 4 times now, this being the 5th. First lets look at the phycological side, everyone is thinking we are going to drop to 5700 and lower into the 4k's and all that crap. I think we are going to keep in this ascending channel until 6900, then dump to 6100-6300. After that we may moon past 8k. That's just my opinion. I wanted to post this chart yesterday when we were at 6250, although i did share it with my discord. Ill post another chart and outlook whenever we pump higher to around 6700-6900 for an update. We had a nice bulld (bullish divergence) on the 4h, which brings the best movements from bulld's or beard's. I think we will go in a way that the Elliot Waves are formed. This is just what i think, if we break to 5700, then the chart is invalid, simple as that. Thank you all!! :)))
Update on last dump for BTCFor the update I put in the ABCD pattern firstly made by cherif100 (link: www.tradingview.com )
His ABCD pattern is being respected by BTC.
The Bollinger Bands and StochRSI are showing bullish movement for BTC. Resistance lays around $6800 area.
This current movement is only a wave to retest resistance, before BTC will be dropping down to around $5000 area !
Link to Cherif100's idea down below.
Eos (9/12/18) Possible shortI've entered a short at 7830 Sats after a pump up to the trend line resistance on the 4hr which was also held down by the 50 & 200ma's. We are currently resting on the .5 fib level and I am expecting a drop to at least the .382 as a healthy retracement to the move up we recently had. stops lowered as we drop to lock in profit.
Bitcoin (9/11/18) BearishCaught myself an easy short. took profit on 50% of my position @ $6200. Currently resting above the .236 Fib level. Three black crow formation if we close below $6257 which is a bearish formation leading me to believe we will more than likely drop lower. MacD on the 4hr is ticking down and a lower high possibly forming on the rsi unless we see some significant buying volume. Next target is $5880 if we do continue to drop.
S&P PlaytimeS&P has retraced from all-time high back to breakout. Current options position is (slightly) net short but approaching 0 deltas and considering going net long with some shorter dated end of month calls. Also short on UVXY just in case we chop around for a while.
Lots of potentially juicy decisions and policies to look out for right now:
-US-China tradewar updates (200 billion or nah)
-US Federal Interest rate decision end of September (postponement of hikes could indicate fed worry over trade war's negative effect on US economy)
-NAFTA negotiation result eh
Bitcoin and the 240 Bearflag (AGAIN!!) The REAL bottom!Bitcoin rejected the top boundary of the long term trend shortly after squaring up the previous 4 hour candle drop from 7400 to 6900 on August 12th. With the return of the heavy volume dumping, we see the formation of a new 240 bear flag. This drop in price action is hitting harder and faster than the last drop from the 8400 area to test the bottom around the 5800-5900 area. This may be the beginning of the final bottoming process in this major market correction off the all-time high. Since breaking the .618 fib, we have hooked back and are now sitting just around that fib level and the price is struggling to break above this area. There may be a quick square up to the 6600 area (option 2) but the highest probability even is that we continue to be rejected off the .618 fib level around 6400-6500 and then we drop hard to the 6200 previous level of support. We may get a small bounce or sideways movement from there before breaking the level to attempt a test of the previous floor around 5800-5900 that has been tested multiple times over the last few months.
I am expecting a break of this level to finally put in a real bottom. How low will it go if we break the floor? There is a strong large time frame fib around the mid to high 3000s. We may wick below there before the bottom is finally in and we can finally begin to prepare for a return of the real bull run in the largest time frames. Volatility is expected to increase, so if you are shorting it would be wise to use a low leverage to keep your liquidation point well above previous support levels (7200 min, preferably 7400+).
This is not financial advice and is solely intended for educational purposes! Updates to be included in the future.
Everything I learned, I learned from: www.tradecryptolive.net
They have a free FaceB group at: www.facebook.com
and of course I learned a ton from studying the market since I found crypto last November!