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Usdbtcshort

BITCOIN Long Opportunity!Happy Sunday Traders, Investors & Gamblers 😃 Here you can see the current trade that I entered due to the strong recovery and reclaim of the 19.300 support level from Bitcoin, after a brief crash provoked by the CPI Report. A very similar trade from my last two that I posted here: 1 from June 30th that went 19%+ 2 from July 12th where I broke even today The first confirmation here will be to regain the 20k level, for further price targets, as mentioned previously see the following post below on the daily Bitcoin chart. Trade: - Entry 19.300 T - Target 22.440 - S/L 18.720 4h BTCUSD chart , short to mid-term trade in which I will scale up in the case that we break above 23.000 or the range highs. Here below in my previous post you can see my upper targets on the BTCUSD 1D Chart: I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
INDEX:BTCUSDLong
by DeFeye
4
$BTC - #Bitcoin-Daily-Update #19 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update #19 What happened in the last 24h? In the last 24 we saw some nice movement in the same range that we have been moving the previous day. We saw some altcoins move but especially more volatility and movement with Bitcoin itself. For me it was a nice day with a correction from yesterdays FUD. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -0.27%, but gained 2.57% in $$$ down 6$ but up 90$ MarketCap? Total MarektCap is 121 Billion - +1 - Of which BTC is 64 Billion - 0 - With a Dominance of 52.3% - -0.4% - Volatility? The 30d avg Volatility is 4.57% - -0.03 - Shorts/Longs? Shorts - 21.7k (pretty low) Longs - 31.5k (high but solid) - S -1.0k/ L +0.6k - Funding? The last 3 funding rates added -> -0,0511% - +0.045 - Momentum? The TJ-Momentum is showing us a red cloud again, which is indicating us a drag and pull down. This might be important for the next days. Volume? With such a nice movement in the market today, we are having some nice volume attached to it as well. None of high significance but the candles are definitely backed by the volume. TJ-MF/TJ-Stoch levels? TJ-MoneyFlow - Today we are seeing a pretty small and ascending money flow, yet as such a small cloud, it is of minor importance to us currently. TJ-Stoch K(blue) - 27,5 D(orange) - 26.1 Divergences? We are seeing a slight divergence between the longs and shorts in comparison to the chart. AND we are seeing an uptrend on the TJ-Moneyflow which is an important divergence against the down trending market structure. Market Structure? We are still in a descending channel and might even find ourselves in a very huge and scuffed bullflag. It would be nice to see the breakout, especially when the shorts are so low at this moment. Overall? We are seeing in my opinion a possibly bullish market structure, yet due to the momentum and a possible bounce in shorts, we might be testing 3550 today or even 3434. This is still the case unless we get more bullish or true bullish confirmations. Obviously, we are seeing a stoch cross over but that is only one puzzle piece. A safe and secure long position can be considered. The previous 12% drop was very heavy and fast, leaving out a big gap and space to be covered first before considering going down more. We are as well seeing a huge decrease in shorts and a minor but further increase in longs. Creating a divergence to the chart, which should be higher according to the longs and shorts. What do we want? We want some bullish action and with as near as possible to a one billion volume day. Position? Keeping the position. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
6
Bitcoin - The next probable move and a way to profit After breaking the market structure and the massive support at 6000$, Bitcoin's price has been dropping massively. And yesterday's drop didn't help it either. So what are the next PROBABLE moves? Let's see the complex puzzle of Bitcoin -2.52% from different angles and get right into it. Setting up our short play. STEP 1: Understanding the PSYCHOLOGY Yesterday night, we broke yet another important support line - the 4000$ line. Why is that important? It is a high probability that lot of people had buy orders set up around 4000$ area and they are now holding their trades at a loss. WHAT THAT MEANS It means that the buyers are feeling the pain and they are hoping to break even and not sell at a loss, thus the 4000$ area will be of strong resistance, which also gives us the chance to use it for our short play. STEP 2: The underlying support levels As we can see from the chart, we have three support levels from 2017 that we should play a close attention to. These are: ~3500$ ~3000$ ~1400$ One other number to keep in mind is the 2000$ area, because in trading psychology , big round numbers act as a psychological support/resistance levels. These numbers are important as breaking them will give Bitcoin -2.52% even harder time to get upward traction. For us, these numbers help us set up the price targets. STEP 3: Indicators Weekly indicators Exponential moving averages are still dropping with RSI , as expected, MACD is most likely to close strong below the "0" line and ADX and DI show increased downwards movement. Elder's Force Index is also taking a sharp downturn. These indicators give us a hint and give us high probability of the downwards trend continuing. This gives us the chance to use the smaller pullbacks on daily charts to enter short positions. Daily indicators The daily indicators hint (oversold on Stoch for a long time*, higher lows on Elder's Force index ), and I personally think, that we might have a slight pullback in the near-term; the drops need to be consolidated before dropping further. *In a strong bull/bear market, the market can be overbought/oversold for longer periods of time and still continue its trend, so while volatility indicators provide some help in analysing the underlying market conditions, they are not always accurate. 1+1 = Short Even though I believe that Bitcoin -2.52% still has room for downwards movement, I am more cautious about the trade and like always, try to limit the risks and setting up the highest probability trades. By adding up the previous information, my bet is a small rebound on Bitcoin -2.52% to around 3900$-4000$ area, which I will use to enter my short postion (or if any of the support lines mentioned before is broken and becomes a strong resistance, I will use these). The stop loss is around 4080$ and the first target is 3500$. I recommend not taking profit immediately, but trailing the stop loss after reaching the 3500$ area so even when the trend reverses, we will get our profits. This setup also gives us the risk/reward ratio of at least 1:2 to 1:3 and the limited risk provides the opportunity of playing with around 10x leverage without getting massively hurt. Also to keep in mind is the trailing stop-loss, which provides even further potential to increase the risk/reward ratio of the trade to even 1:5 or more. In short; short at around 3900-4000$, stop loss at 4080$, profit targets are either a bit above 3500$ or 3000$, but more preferrable is to use trailing stop-loss to maximize the potential profit while keeping the risk minimum. Safe trading!
BITFINEX:BTCUSDShort
by HighBidLowBid