XBTUSD | Bitcoin safe entries for BitMEX 10 000 BTC has just been purchased at Binance exchange. Such entry pumped the BitMEX price index. The price went down sharply afterwards confirming a fake pump scheme
What does it mean?
Someone hunts for short positions' stop losses, this is a dirty manipulative pump and down scheme. Whales practice such strategy to liquidate majority of market players with a "correct" forecast to earn profit and set a better position before market naturally moves. They have more information about the market and thus they know direction of further price action far before it happens
The situation looks like we will have a sharp decrease soon. The forecast is enhanced by technical analysis. Although many trusted indicators are bullish now, they could have been affected by recent pump. The more important is trend analysis at this time.
We see the triangle has not been finished and currently we have a fake breakthrough after a fake pump. Lets wait till the price pumps with another spike and take short position. The safest entry points are drawn at the chart
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Xbtlong
BTC today (waves) 11.04.2020Hello everyone.
Price moves within our trading plan. However, we had to make adjustments to the logical chain of wave models.
At the moment, we believe that the upward model can continue its formation.
We are considering the possibility of buying on local correction when the price reaches the level of 7200.
Good luck to all!
Bitcoin Bullish 6-12% Target
Bitcoin broke resistance at 6997 region must hold this area as new support we have a bull break out of ascending triangle
and golden cross of 50MA and 200MA which is one confirmation of a bullish signs if BTC holds the current area around 7100 region next potential target is up to 7500-8000 region for this uptrend.
Let's wait and see what will happen in the next 24Hours if BTC will push price higher and continue upward movement priority today LONG
BTC:BTC: Fast decline and continued growth! (04.04.2020)Hello everybody!
The price behaviour model refined its characteristics. At the moment, we are considering the continuation of price growth as part of a local impulse movement.
In general, we believe that the medium-term model will be a zigzag, and the internal wave B will take the form of a plane with a sharp decline price in wave C.
We do not recommend hoping for an easily of the bullish trend. Locally, you can buy with an eye to exit the position at the level of 7500.
We advise you to adhere to a trading plan with a conservative risk policy, and also do not recommend leaving open positions unattended.
Good luck to all!
Simple trading plans for BTCUSD: 29.03.2020Hello everyone.
Currently, we are considering 2 options for a set of long positions.
Option number 1
Buying bitcoin in the range of 5500-5000 at the end of the expected wave C (completion of the correctional model - zigzag).
Option number 2
Buying bitcoin in the range of 6300-6000 at the end of the expected wave E (completion of the correctional model - a triangle).
In other cases, trading has the least attractiveness in terms of risk policy.
Plan your trading operations and always remember the risks.
Good luck to all!
XBTUSD: Long Support [Scalp]BTC dropped as expected after multiple tests of resistance. Bounced off support.
The rebound from support does not look strong, so I think there will be another test of support.
Plan to long XBTUSD in red area around $6000.
Information is just for educational purposes, never financial advice. Always do your own research.
Analytics for BTCUSD:19/03/2020Hello everyone, friends.
In the previous idea, we published possible medium-term scenarios of price behavior in the future.
We still believe that both scenarios are relevant and we all should not believe in growth or decline.
It is worth concentrating in the market model.
At locally, the price continues to recover as part of the upward momentum. We expect further growth and achieving levels of 7000 and above.
Good luck to all!
BTCUSD(04.03.2020):The right strategy is the key to success!Hello friends!
The price is in a position where you can reflect on purchases, but do not forget about sudden sales.
The 8150 support level in the logarithmic scale was not achieved, and there is a high probability of testing this level.
On the other hand, the range of correction trades has been overcome upwards and now the price is trying to begin growth within the framework of hight impulse waves.
In the current situation:
1) it is worth buying now with the expectation that the price may drop to the level of 8150
2) it is worth selling now with the expectation that the price can continue to rise, and you will have to return to purchases at more significant price levels.
We adhere to the conditions of number 1
Good luck to all!
Bitcoin Bullish!
Bitcoin now its 3rd time touched support Trend-line at 8600 region a potential Bottom area for a possible bounce and retest of resistance between 9060-9300 region we have 50 MA acting as new resistance at 9122 keep an eye at this level if BTC goes up to this level possible a rejection area.
Bulls need to depend on Trend-line support if not we can see the next potential dump to 8200-8000 region.
Let's see what will happen in the next 48-72HOURS.
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BTC USD - Perspectives on 24/02/2020Friends, support this idea with your Like and any Comment. Thanks.
I expect continued growth in the price of BTCUSD as part of a series of impulse waves.
Alternatively, it is worth selling after a longer local price correction at current levels.
Trade entry, take profit, stop loss levels are available to participants of the SAV Trading Room.
You will find more trading ideas in SAV Finance community.
BTC TODAY (Waves) 21.02.2020Hello friends!
On the one hand, the price correction could already end and at the current moment we can expect continued growth in the price of bitcoin.
On the other hand, the correction may be delayed, and purchases in the current conditions will turn out to be false over time.
The key resistance level is located at 10300.
The key support range is 8800-8300.
Good luck to all!
BTCUSD - The prospect of continued growth 20/02/2020Friends, support this idea with your Like and any Comment. Thanks.
I expect the completion of the correction for BTCUSD and the continuation of price growth within the framework of wave (III) of 3 of (5orC).
Trade entry, take profit, stop loss levels are available to participants of the SAV Trading Room.
You will find more trading ideas in SAV Finance community.
Breakout + Cross = MOONThese patterns, the symmetrical triangles as well as those on the bullish and bearish side, are known to experience early breakouts that give investors a "head fake." Hold off for a day or two after the breakout and determine whether or not the breakout is for real. Experts tend to look for a one-day closing price above the trendline in a bullish pattern and below the trendline in a bearish chart pattern. Remember, look for volume at the breakout and confirm your entry signal with a closing price outside the trendline.
Bitcoin Parabolic moves
Bitcoin now confirmed of Ascending Triangle pattern and a bull breakout from this pattern
we have strong long term trend line support at 9950. our support and resistance at 10102 we have also major resistance between 10269 - 10400 region.
The bullish rally still in play but needs to hold our long term trend line support and potential next bull rally after a healthy pullback is up to 10500 region let's see how far can the bull pushing the price upward.
XBTUSDChart I made back in August 2019, it played well and the 0.618 fib did act as major support. This led to a bullish move that we are now witnessing. Following the idea of this chart Bitcoin will revisit the 11550 zone from wich we could be rejected again but a bounce from this fib usually lead to higher highs. Breaking this resistance zone should lead us to all time high's
Price correction 29.01.2020Hello friends!
The price reached a new high within the primary impulse of the medium-term uptrend.
There remains a sign of repeated testing of local highs, after which we should expect the start of a price correction.
We do not recommend buying in the current situation.
It is worth looking for signs of the beginning of a price reduction.
Good luck to all!
BTC Price Correction Continues 27.01.2020Hello friends!
The price has not reached the key level of correction and the border of the channel.
We believe that at the moment, wave 4 continues, the model of which will refine:
1) The price can form a “triangle” model in wave 4;
2) The price can form a “plane” model in wave 4 with a false top in wave B.
At the moment, the key support level (level for buy) is located at 8400-8500.
Good luck to all!