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Bitcoin BREAKOUT! Will we go higher above 7,700?Hey there, Please support this idea with your likes and follow me on TV! Look back at my latest posts and you will see pretty accurate calls lately. This time I think going higher on BTC seems more likely once again. We are a bit extended on the weekly and due for a correction, but the indicators are looking for more upside. Also the daily structure calls for more bullish action above 7,700 currently. Let's see what happens! Cheers, Konrad
BITSTAMP:BTCUSDLong
by EnlightenedTrading
2
BTC 50% upside trade with a March 2020 breakout As mentioned in the last post, we saw the fall back after trying to defend $8460 but we didnt hit $7950 and we might not. We saw a little support from what may be an upper channel support riding about $1000 above the 5 year ascending trend line. At this point there appears to be one of two more probable medium term options for BTC. #1 This upper channel holds and forces us into an ascending wedge with $9500 historic support/resistance topping the wedge. We break from the wedge around early/mid March 2020, if we break down there is a good chance we see the 5year ascending trend line again around $7850. If it breaks up then we likely see a run for $14k next. #2 We fall down into a $1000 range channel that is forming just above the 5yr ascending trendline and we ride this channel slowly up until we are forced into a wedge that has a breakout somewhere around mid/late may. A break down would break the 5 year trendline and would be extremely negative for BTC, a break up would likely be a run to $14k. This channel offers a great trade opportunity by buying every time it touches the 5 year trend line and selling with a trailing stop loss to lock in gains. In either scenario, any meaningful break below the 5 year trend line would be a strong sell signal. Any meaningful break above $9500 would indicate a breakout with a 50% upside potential I believe BTC is fairly strong right now and there is a strong possibility of the #1 scenario playing out with a break out in March. The lines give strong advice when to consider an entry or exit but there is always a risk, this is not investment advice, DYOR. Also please consider supporting my market depth analytics page, this brings a whole new dynamic to trading. We also have intergated TradingView charts in pre-production now but will be releasing them to production soon. BTC depth page link is here @ vcdepth.io s
COINBASE:BTCUSDLong
by EncryptShawn
NIFTY weekly charts- continue longNifty weekly chart is very interesting to look. 11,941 is a critical support while we have seen good support in the past at 11,173 levels also and these are levels to look out for (as indicated in the charts) NIFTY has been on a secular uptrend if you see the chart and there seems to be little on weekly chart showing any sign of change in trend. Look out for confirmation on smaller time frames for any initial signals of change in trend. I have marked in yellow the higher highs and higher lows indicating the uptrend formation and note we had a minor scare in the week ending 22nd Oct 2018 where we tested the 10,000 mark but could not take down the previous low of the week ending 26th March 2018. This was a big relief and the markets then made a new high on 3rd June 2019. Nifty since has continued making the new high and new low trajectory, this despite the concerns raised by many of the enthusiasm being based not on merit. I am a firm believer that the market knows more than we think they know and its always good to look for taking trades in line with trend. 11,941 is a critical level as Bulls tried to break this resistance and price hovered around these levels for nearly 8 weeks (May 2019 to July 2019) before price was rejected and we saw a low of 10,650 nearly cementing itself as a good support level with nearly 10 weeks of price action finding support from July 2019 to Sept 2019 Finally, in November 2019, a renewed attempt was made by the bulls and over the next 7 weeks, price has created new all time highs and over the last 3 to 4 weeks closed above these levels Look out for my charts on other time frames to see what is in store on Nifty. Since the weekly charts are showing a positive built up and uptrend, the trades one may take on Daily time frame that’s long signals, will be in line with the prevailing trend and may be more probable. Hope this helps Look out for more and do share a thumbs up! Cheers
NSE:NIFTYLong
by LoveForCharts
Short - term upside for Bitcoin likely in the next few daysWelcome, don´t really know if I would call it a rally or a bounce but I do think we have some upside here, this is why: 1. after those two wicks stopped out and liquidated people left and right, price still closed well above the bottom of the bullish orderblock - the demand has not yet depleted 2. we have a swing failure pattern on a 4 hour chart: whenever that happens I usually look for price to run the other way 3. we also have a three - drives bullish divergence on the 4 hour time frame as well as a confirmed bullish divergence on the 12h 4. btc dominance looks bouncy All in all, if this will turn into a legitimate rally or just a relief bounce remains to be seen but a trade is here nonetheless. My primary target is a run above the previous swing high. Feel free to follow me on Twitter as I post a lot of exclusive content there: twitter.com Take care.
BITMEX:BTCUSD.PLong
by Mansasuma