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BTC: Is it about to start a decline? After a long period of fluctuation, the market has finally started to experience a downward adjustment. If you have a short position, you can now breathe a sigh of relief. My personal recommendation is to take advantage of this opportunity to reduce your position on dips. As for long positions, we can start building positions now. The key support level is at 25K. Conservative traders can wait for the market to adjust to around 25-25.5K before entering the market, while those with large funds and aggressive strategies can directly buy on dips below 27K. Control your position size and aim for a breakout above 30K. I will continue to update my views and strategies on Bitcoin. I have already started a million-dollar challenge, where I will operate an account and aim to earn a profit of 10 million within a month. A viewing account will be provided to allow everyone to experience how large capital positions can generate profits in the market. Let's witness it together!
Long
by FlashTrades_
2
Million challenge: Buy BTC @27K In the short term, the rise of Bitcoin has been hindered and there has been a slight correction as the upward pressure is capped at 28,500. It has been emphasized in previous articles that 25K has become a short-term bottom, and the operation still considers buying on dips as the main strategy, with a target of 30K in mind. I have already started a million-dollar challenge, where I will operate an account and aim to earn a profit of 10 million within a month. A viewing account will be provided to allow everyone to experience how large capital positions can generate profits in the market. Let's witness it together!
Long
by FlashTrades_
1
What to Do When Shorting BTCUSDT is Trapped? As expected, due to the increasing risk aversion sentiment, BTCUSDT has continued to rise and has reached my second target of 27K, and the next target will be to push towards 30K. As previously emphasized, when the main force begins to push up, they will not provide very good entry opportunities, so any dip is an opportunity to follow the long position. 25K will be a short-term bottom. If you have friends who are shorting Bitcoin, I personally suggest closing the short position if the market has the opportunity to fall near 25K, and follow the trend to go long. If you have a lot of trapped funds at the moment, you can leave me a message and I will provide you with the most accurate solution. Similarly, if you missed my first layout at 23K, and second layout at 27K, do not miss the next layout at 30K. I will continue to update my personal operations, so please stay tuned, and hope you all can be winners!
Long
by FlashTrades_
8
BTC Crypto Hype III - The top is set - 618 play !!Hello trader, good mood and profitable deals! If you're new in the game,and you are interested in my plan, check out my previous analysis : BTC fractal analysis! bigger correction is comming ? Altcoin session is comming !! BTC Crypto Hype - MA fight !! BTC Crypto Hype II - Fractal play !! As I have mentioned before, I believe that the BTC rally has come to an end, at least for this summer . The rally ended at 65k at the 2,618 (from 20k - 3k, correction of the 2017 rally) and dumped to 47k, the 1,618 From here we saw a strong bounce, how else could it be, to 618 of the previous move. the mass was bullish again, the bulltrap was set. will continue to trade the 618 game until it fails. After the next correction I will go SHORT. Target in the chart I would like to mention that all I post are just options and my own opinion ! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. Discipline is the key to success ! Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them . If you like my posts smash the like button, comment or follow me. Dyor an trade save !
KRAKEN:BTCUSDShort
by TR7z
20
BTC/USD Tests Key Technical SupportBitcoin (BTC/USD) weakened early in the Asian session as the pair depreciated to the 58377.77 area after trading as high as the 59800 level during the European session, with the interday high representing a test of 76.4% retracement of the depreciating range from 61788.45 to 53221. Traders observe that BTC/USD was driven sharply lower during the European session and tested the 100-hour simple moving average before rebounding. Recent buying pressure pushed BTC/USD above the 52166, 54003, and 55841 areas, representing the 61.8%, 50%, and 38.2% retracements of the appreciating range from 46219.32 to 61788.45. If BTC/USD extends recent gains, additional upside price objectives include the 62026.52, 63788.17, 64436.39, and 64835.59 levels. Stops were recently elected below the 52402, 52166, 52107, 51997, and 50485 levels during the depreciation. Following the recent weakness, some downside levels of potential technical support include 50187, 49962, 49551, 49322, 48972, and 48634. Traders have lifted BTC/USD more than 90% year-to-date, pushing the pair as high as the 61788.45 level, a fresh all-time high. Stops were recently elected above some important upside price objectives including the 58896.80, 59792.54, 60069.04, 60368.14, 60522.13, and 61065.64 areas, targets related to buying pressure from the 16200, 17580, 21913.84, and 9819.83 levels. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the 100-bar MA (4-hourly) at 56319.61 and the 50-bar MA (Hourly) at 58416.92. Technical Support is expected around 50187/ 49962/ 49551 with Stops expected below. Technical Resistance is expected around 62026.52/ 63788.17/ 64436.39 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
BITMEX:BTCUSD.PLong
by MavRich_Trading
Can BTC/USD Hold 10000? Bitcoin (BTC/USD) sought to reclaim some recent lost ground early in today’s Asian session as the pair continued to encounter some buying activity above the psychologically-important 10000 figure. Traders pushed the pair as high as the 10582.36 area during yesterday’s European session, its strongest print in several days, before traders drove BTC/USD lower down around the 10300 level during yesterday’s North American session. Bids recently emerged around the 10276.19 area, a test of the 10268.20 area that represents the 23.6% retracement of the depreciating range from 10499 to 10200. Technical trading became more evident thereafter when buying pressure was seen around the 10344.50 area, representing the 50% retracement of the depreciating range from 10489 to 10200. The 10378.60 and 10420.80 areas represent additional upside retracement levels in this depreciating range. BTC/USD bulls are looking to see if the pair can establish a base above the 10354.65 area, representing the 23.6% retracement of the depreciating range from 12086 to 9819.83. The next upside retracement levels in this depreciating range include the 10685.51, 10952.92, 11220.32, and 11551.18 areas. Also, the 10449.19 area represents the 23.6% retracement of the depreciating range from 12486.61 to 9819.83. Technical resistance emerged after traders were unable to push the pair back above the 10826.66 area in a recent pullback higher, a level that represents the 61.8% retracement of the recent appreciation from 8940.14 to 13878.67. Stops were recently elected below the 11120, 11004.10, 10961.41, 10647.72, 10546.15, and 10450.26 areas during the depreciation from recent multi-week highs. Traders note that the recent high of 12486.61 represented a test of the 12496.68 area, an upside price objective related to buying pressure that emerged around the 8055.91 area earlier this year. Traders also remain focused on the 12023.45, 11964.56, 11880.38, 11803.31, 11737.30, 11642.95, 11560.28, and 11533.51 areas during pullbacks higher, representing the retracements of the recent appreciating ranges that commenced around the 9005.00, 8905.84, 8815.01, and 8632.93 areas. Other important technical levels include the 11510.44 area, representing the 50% retracement of a historical depreciation from 19891.99 to 3128.89, as well as the 10200.39, 10139.11, and 10082.97 areas Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the 50-bar MA (4-hourly) at 10257.94 and the 100-bar MA (Hourly) at 10341.56. Technical Support is expected around 9816.32/ 9681.42/ 9465.77 with Stops expected below. Technical Resistance is expected around 10885.13/ 11190.92/ 11496.70 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
BITMEX:BTCUSD.PLong
by MavRich_Trading
4
BTC/USD BULLS Eyeing 11211, 11601, And 12,086 BITCOIN PRICE ACTION/TECHNICAL ANALYSIS/SIGNAL/ SUPPORTS & RESISTANCE/NEWS AND MORE Bitcoin (BTC/USD) backed away from the 11000 figure early in today’s Asian session as the pair weakened after encountering selling pressure around the 10994.00 area during yesterday’s Asian session, trading as low as the 10180.00 area. Stops were elected below the 10802.42 area during the sharp pullback, right around the 200-hour simple moving average. Some buying pressure finally emerged around the 10562.09 area after Stops were elected below the 10580.50 area, a level that represents the 50% retracement of the recent appreciating range from 10211.00 to 10950.00. Also, this area was just above the 10550.58 area that represents the 61.8% retracement of the recent appreciating range from 10211.00 to 11099.95. Stops were also triggered below the 100-bar 4-hourly simple moving average during yesterday’s North American session. Traders also observed an acceleration of selling pressure below additional retracement levels including the 10685.51 and 10449.19 areas, with the latter being the 23.6% retracement of the depreciating range from 12486.61 to 9819.83. Stops were also reached below the 10211.00 area. Stops were recently elected below the 11120, 11004.10, 10961.41, 10647.72, 10546.15, and 10450.26 areas during the depreciation from recent multi-week highs. Traders note that the recent high of 12486.61 represented a test of the 12496.68 area, an upside price objective related to buying pressure that emerged around the 8055.91 area earlier this year. Traders also remain focused on the 12023.45, 11964.56, 11880.38, 11803.31, 11737.30, 11642.95, 11560.28, and 11533.51 areas during pullbacks higher, representing the retracements of the recent appreciating ranges that commenced around the 9005.00, 8905.84, 8815.01, and 8632.93 areas. Other important technical levels include the 11510.44 area, representing the 50% retracement of a historical depreciation from 19891.99 to 3128.89, as well as the 10200.39, 10139.11, and 10082.97 areas. Chartists are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 200-bar MA (4-hourly) and above the 100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the 100-bar MA (4-hourly) at 10535.32 and the 200-bar MA (Hourly) at 10805.28. Technical Support is expected around 10211.00/ 9816.32/ 9861.42 with Stops expected below. Technical Resistance is expected around 11496.70/ 11601.04/ 12086.00 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage. Title/(Date): BTC/USD LONG Asset:CRYPTO Order Type:BUY LIMIT Time Frame:1D Entry Price 1: $10,250 (Pending) Entry Price 2: $9,950 (Pending) Stop Loss: $9,750 (500 Pips) Take Profit 1: $10,750 (500 Pips) Take Profit 2: $11,250 (1,000 Pips) Take Profit 3: $11,750 (1,500 Pips) Take Profit 4: $12,250 (2000 Pips) Status: 🚨Pending🚨 SIDE NOTES FOR TRADE Price activity is nearest the 100-bar MA (4-hourly) at 10535.32 and the 200-bar MA (Hourly) at 10805.28. Technical Support is expected around 10211.00/ 9816.32/ 9861.42 with Stops expected below. Technical Resistance is expected around 11496.70/ 11601.04/ 12086.00 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage Jim Cramer, the host of the CNBC show “mad money“ has given harsh words on bitcoin over the years and even compared it to an “outlaw currency“. But as the industry has grown and changed, over the course of this year in particular, it seems that Jim has changed his mind following an interview with Anthony Pompliano. It seems that now, he is convinced that bitcoin is a prudent investment against the hedge of endless money being printed by central bankers following the coronavirus pandemic. Speaking in the latest episode of the Pomp podcast, he explained why he had decided to invest in a leading cryptocurrency after many years of scepticism and negative words being thrown towards the industry. Jim stated that he believes that the fixed supply of bitcoin posted ahead of other Fiat currencies as well as other asset classes in general. He particularly mentioned the federal reserve and their decision to only share a $3 trillion stimulus package in the United States due to the pandemic and the financial turmoil that has come as a result. On the podcast he said: “For a long time, people would say ‘well, how about Bitcoin’, and I said ‘well I don’t trade coffee and I don’t trade cotton, and I don’t trade bitcoin,’ and that sufficed for a very long time. It worked until the $3 trln dollar package because we don’t have that. We don’t have three trillion in this country.”
COINBASE:BTCUSDLong
by MavRich_Trading
10
$10450.26 Remains A Key BTC/USD Challenge-Bitcoin (BTC/USD) sought fresh market sentiment early in today’s Asian session as the pair continued to hover around the psychologically-important 10000 figure after encountering selling pressure around the 10440.91 area during yesterday’s Asian session. Traders drove BTC/USD lower to the 9920.07 area during yesterday’s North American session, and traders are waiting to see if the pair will again test recent lows. The pair has recently moved above and below its 50-hour simple moving average and 100-hour simple moving average. The 10395.81 area represents the 23.6% retracement of the recent depreciating range from 12086 to 9873.71, and the 10490.35 area represents the 23.6% retracement of the depreciating range from 12486.61 to 9873.71. Failure at or below these levels suggests a short-term downward bias is now prevailing. Technical resistance emerged after traders were unable to push the pair back above the 10826.66 area in a pullback higher last week, a level that represents the 61.8% retracement of the recent appreciation from 8940.14 to 13878.67. BTC/USD later encountered additional technical resistance just below the 10540.49 area in a pullback lower, driving the pair to its weakest print since late July. Stops were recently elected below the 11120, 11004.10, 10961.41, 10647.72, 10546.15, and 10450.26 areas during the depreciation from recent multi-week highs. BTC/USD is now at risk of depreciating further and testing levels including 9816.32, 9772.95, 9681.42, 9532.39, and 9301.26 levels. -Traders note that the recent high of 12486.61 represented a test of the 12496.68 area, an upside price objective related to buying pressure that emerged around the 8055.91 area earlier this year. Traders also remain focused on the 12023.45, 11964.56, 11880.38, 11803.31, 11737.30, 11642.95, 11560.28, and 11533.51 areas during pullbacks higher, representing the retracements of the recent appreciating ranges that commenced around the 9005.00, 8905.84, 8815.01, and 8632.93 areas. Other important technical levels include the 11510.44 area, representing the 50% retracement of a historical depreciation from 19891.99 to 3128.89, as well as the 10200.39, 10139.11, and 10082.97 areas Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the 50-bar MA (4-hourly) at 10799.05 and the 50-bar MA (Hourly) at 10182.83. Technical Support is expected around 9816.32/ 9681.42/ 9465.77 with Stops expected below. Technical Resistance is expected around 10885.13/ 11190.92/ 11496.70 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
BITSTAMP:BTCUSDLong
by MavRich_Trading
4
BTC/USD Tests 11780.42 Then Retraces Gains Lower (09/01/2020)Technical Analysis 1 September 2020 BTC -Bitcoin (BTC/USD) tried to sustain recent multi-day highs early in today’s Asian session as traders continued to push the pair closer to the 11800 area after pushing the pair as high as the 11784.66 area during yesterday’s North American session, a test of the 11794.67 area that represents the 50% retracement of the recent depreciation from 12486.61 to 11102.73. Additional retracement levels in this depreciating range include 11957.97, 12160.01, and 12190.46. Notably, the 11631.37 area represents the 38.2% retracement of the recent depreciation from 12486.61 to 11102.73, and traders are interested to see if BTC/USD can establish momentum above this level. During the pair’s recent pullback from multi-month highs, Stops were elected below the 11642.05, 11603.11, 11560.28, 11533.61, 11516.38, and 11442.52 areas, levels related to the pair’s appreciation to the 12486.61 area. Traders are paying close attention to some levels where Stops were recently triggered during the move higher, including the 11992.15, 12086.22, 12112.97, 12173.80, and 12348.26 areas. Traders note that the recent high of 12486.61 represented a test of the 12496.68 area, an upside price objective related to buying pressure that emerged around the 8055.91 area earlier this year. -Additional retracement levels in this appreciating range include the 11316.19, 11134.46, and 10909.61 areas. Traders also remain focused on the 12023.45, 11964.56, 11880.38, 11803.31, 11737.30, 11642.95, 11560.28, and 11533.51 areas during pullbacks lower, representing the retracements of the recent appreciating ranges that commenced around the 9005.00, 8905.84, 8815.01, and 8632.93 areas. A key level where buying pressure recently emerged is around the the 11529.38 level, a test of the 11510.44 area that represents the 50% retracement of a historical depreciation from 19891.99 to 3128.89. Additional upside price objectives include the 12713.18, 12859.49, and 13107.05 levels, targets related to areas of buying pressure that emerged earlier this year around the 3858.00 area and above. Additional Stops were recently elected above the 11026.97, 11115.62, 11340.92, 11399.17, 11407.81, 11570.81, and 11761.97 levels. Below those areas, some potential areas of technical support include the 10200.39, 10139.11, and 10082.97 areas. Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the 100-bar MA (4-hourly) at 11686.74 and the 50-bar MA (Hourly) at 11632.61. Technical Support is expected around 11102.73/ 11004.10/ 10961.41 with Stops expected below. Technical Resistance is expected around 12496.68/ 12713.18/ 13202.63 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. Technical Analysis 31 August 2020 -Bitcoin (BTC/USD) attempted to maintain its upward momentum early in today’s Asian session as traders continued to buy on dips above the 11000 figure and attempt to establish a base above the 11548.24 area, representing the 61.8% retracement of the recent depreciation from 11823.62 to 11102.73. Traders recently tested the 11648.05 area during the pair’s appreciation, representing the 38.2% retracement of the recent appreciation from 8055.91 to 13868.44. Notably, the 11631.37 area represents the 38.2% retracement of the recent depreciation from 12486.61 to 11102.73, and traders are interested to see if BTC/USD can establish momentum above this level. During the pair’s recent pullback from multi-month highs, Stops were elected below the 11642.05, 11603.11, 11560.28, 11533.61, 11516.38, and 11442.52 areas, levels related to the pair’s appreciation to the 12486.61 area. After the depreciation of BTC/USD recently from 12486.61 to 11825.00, traders were unable to gain a foothold above the 12077.74 area during a retracement higher, representing the 38.2% retracement of the depreciating range. Traders are paying close attention to some levels where Stops were recently triggered during the move higher, including the 11992.15, 12086.22, 12112.97, 12173.80, and 12348.26 areas. Traders note that the recent high of 12486.61 represented a test of the 12496.68 area, an upside price objective related to buying pressure that emerged around the 8055.91 area earlier this year. -Additional retracement levels in this appreciating range include the 11316.19, 11134.46, and 10909.61 areas. Traders also remain focused on the 12023.45, 11964.56, 11880.38, 11803.31, 11737.30, 11642.95, 11560.28, and 11533.51 areas during pullbacks lower, representing the retracements of the recent appreciating ranges that commenced around the 9005.00, 8905.84, 8815.01, and 8632.93 areas. A key level where buying pressure recently emerged is around the the 11529.38 level, a test of the 11510.44 area that represents the 50% retracement of a historical depreciation from 19891.99 to 3128.89. Additional upside price objectives include the 12713.18, 12859.49, and 13107.05 levels, targets related to areas of buying pressure that emerged earlier this year around the 3858.00 area and above. Additional Stops were recently elected above the 11026.97, 11115.62, 11340.92, 11399.17, 11407.81, 11570.81, and 11761.97 levels. Below those areas, some potential areas of technical support include the 10200.39, 10139.11, and 10082.97 areas. Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 100-bar MA (hourly). Price activity is nearest the 200-bar MA (4-hourly) at 11576.91 and the 200-bar MA (Hourly) at 11520.76. Technical Support is expected around 11102.73/ 11004.10/ 10961.41 with Stops expected below. Technical Resistance is expected around 12496.68/ 12713.18/ 13202.63 with Stops expected above. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage
BITSTAMP:BTCUSDLong
by MavRich_Trading
1
BTC/USD (XBT/USD) Extends Pullback From 12000Bitcoin (BTC/USD) continued to back away from the 12000 figure early in today’s Asian session as short-term technical sentiment continued to erode following the pair’s pause around the 11892.16 area earlier this week. During the current downturn, Stops were elected below the 11768.71, 11730.58, and 11692.45 areas, representing the 38.2%, 50%, and 61.8% retracements of the recent appreciation from 11569 to 11882.16, and traders are eyeing the 11645.27 and 11638.16 areas as additional downside price retracement levels. One range that has recently influenced recent price activity is the recent appreciation from 11546.15 to 12086.22, and traders are observing that buying activity emerged during a recent pullback just below the 11497.71 area, representing the 38.2% retracement of the appreciating range. The pair recently traded as high as the 12486.61 area, its strongest print since July 2019. After the depreciation of BTC/USD earlier this week from 12486.61 to 11825.00, traders were unable to gain a foothold above the 12077.74 area during a retracement higher, representing the 38.2% retracement of the depreciating range. Traders are paying close attention to some levels where Stops were recently triggered during the move higher, including the 11992.15, 12086.22, 12112.97, 12173.80, and 12348.26 areas. Traders note that the recent high of 12486.61 represented a test of the 12496.68 area, an upside price objective related to buying pressure that emerged around the 8055.91 area earlier this year. Additional retracement levels in this appreciating range include the 11316.19, 11134.46, and 10909.61 areas. Traders also remain focused on the 12023.45, 11964.56, 11880.38, 11803.31, 11737.30, 11642.95, 11560.28, and 11533.51 areas during pullbacks lower, representing the retracements of the recent appreciating ranges that commenced around the 9005.00, 8905.84, 8815.01, and 8632.93 areas. A key level where buying pressure recently emerged is around the the 11529.38 level, a test of the 11510.44 area that represents the 50% retracement of a historical depreciation from 19891.99 to 3128.89. Additional upside price objectives include the 12713.18, 12859.49, and 13107.05 levels, targets related to areas of buying pressure that emerged earlier this year around the 3858.00 area and above. Stops were recently elected above the 11026.97, 11115.62, 11340.92, 11399.17, 11407.81, 11570.81, and 11761.97 levels. Below those areas, some potential areas of technical support include the 10200.39, 10139.11, and 10082.97 areas. Chartists are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 200-bar MA (4-hourly) and above the 100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the 100-bar MA (4-hourly) at 11763.87 and the 50-bar MA (Hourly) at 11791.81. Technical Support is expected around 11497.91/ 11348.03/ 11120.00 with Stops expected below. Technical Resistance is expected around 12496.68/ 12713.18/ 13202.63 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. Given that Bitcoin has been in a strong uptrend, traders have consistently purchased dips to the 20-day exponential moving average ($11,570) because they believe that the rally will resume and the price would not dip to these levels again. However, Bitcoin’s weak rebound off the 20-day EMA on Aug. 20 suggests that the bulls are not confident that the uptrend will resume, hence, they are not buying aggressively at this support. The negative divergence on the relative strength index suggests that the momentum has weakened. If the price breaks and sustains below the 20-day EMA, the traders are likely to wait for the BTC/USD pair to find support at lower levels, before buying. On a drop below the 20-day EMA, the decline can extend to the $11,100–10,900 support zone. Contrary to this assumption, if the pair rebounds off the 20-day EMA, the bulls will make another attempt to push the price above the $12,113.50–$12,460 resistance zone. If they succeed, the uptrend is likely to resume.Bitcoin continued its sideways movement this week as it remained around the $11,600 level. However, during the week, the cryptocurrency did push higher as it penetrated above the $12,000 resistance to reach the $12,400 level. Unfortunately, it was unable to sustain these highs as it rolled over to fall beneath $12,000 at the start of the week. Bitcoin has since dropped further as it reached the support at $11,650 (.236 Fib Retracement). A rising trend line also bolsters this support. The fading momentum, coupled with falling volume, puts Bitcoin in a precarious situation that could lead to it dropping back toward $11,000. If the sellers do break beenath $11,650, the first level of support lies at $11,300 (downside 1.172 FIb Extension). Added support is found at $11,150 (.382 Fib Retracement), $11,000, and $10,783 (.5 Fib Retracement). On the other side, if the bulls can regroup at $11,650 and push higher, resistance lies at $11,800, $12,000, $12,100 (1.272 Fib Extension), and $12,400
BITMEX:BTCUSD.PLong
by MavRich_Trading
BTC/USD At 12000 Or 13000 Next? Technical Analysis 17 AugustBitcoin (BTC/USD) continued to orbit the 11750 level early in today’s Asian session as traders continued to wait and see if the pair could eclipse the 11989.98 area where selling pressure emerged late last week. Some buying pressure emerged around the 11706.00 level during yesterday’s North American session, right around the 200-bar simple moving average. Traders recently have stopped just short of pushing the pair above the psychologically-important 12000 figure. One range that has influenced recent price activity is the recent appreciation from 11546.15 to 12086.22, and traders are observing that buying activity emerged during a recent pullback just below the 11497.71 area, representing the 38.2% retracement of the appreciating range. Additional retracement levels in this appreciating range include the 11316.19, 11134.46, and 10909.61 areas. Traders also remain focused on the 11395.78, 11372.38, 11350.94, and 11307.97 areas during pullbacks lower, representing the 23.6% retracements of the recent appreciating ranges that commenced around the 9005.00, 8905.84, 8815.01, and 8632.93 areas. A key level where buying pressure recently emerged is around the the 11529.38 level, a test of the 11510.44 area that represents the 50% retracement of a historical depreciation from 19891.99 to 3128.89. Traders recently drove BTC/USD as high as the 12134.29 area before profit-taking pushed the pair lower to the 10546.15 area, just above the 50% retracement of the same appreciating range from 8905.84 to 12134.29. Additional upside price objectives include the 12227.83, 12268.47, 12311.39, 12859.49, and 13107.05 levels, targets related to areas of buying pressure that emerged earlier this year around the 3858.00 area and above. Stops were recently elected above the 11026.97, 11115.62, 11340.92, 11399.17, 11407.81, 11570.81, and 11761.97 levels. Following the pair’s recent appreciation to the 12134.29 level, traders are observing retracement levels around the 11395.78, 11350.94, 11307.97, 10938.90, 10866.33, 10796.77, 10651.81, 10569.65, 10474.65, 10383.61, and 10316.39 areas. Below those areas, some potential areas of technical support include the 10200.39, 10139.11, and 10082.97 areas. Chartists are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 200-bar MA (4-hourly) and above the 100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the 50-bar MA (4-hourly) at 11714.59 and the 100-bar MA (Hourly) at 11717.58. Technical Support is expected around 11497.91/ 11348.03/ 11120.00 with Stops expected below. Technical Resistance is expected around 12268.47/ 12311.39/ 13488.49 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
BITSTAMP:BTCUSDLong
by MavRich_Trading
2
BTC/USD LONG (SNIPER ENTRY TO THE MOON)TITLE : BTC/USD BUY LIMIT ORDER ASSETS : CRYPTO SYMBOL : BTC/USD ORDER TYPE : (EP1) BUY LIMIT ORDER (1/2) position size (partial low lot entry) (EP2) BUY LIMIT ORDER (2/2) (Now enter rest of position) TF : Daily ENTRY PRICE 1: $11,360 ENTRY PRICE 2: $11,060 STOP LOSS : $10,760 TAKE PROFIT 1- $11,860 TAKE PROFIT 2- $12,360 TAKE PROFIT 3-$12,860 Modify SL TO TP.3 AND TRAIL SL TP.4 $13,260 STATUS : PENDING 🚨 PLEASE PROPER RISK MANAGEMENT Bitcoin (BTC/USD) sought fresh market sentiment early in today’s Asian session as traders waited to see if buying activity will soon be able to reclaim the psychologically-important 12000 figure. After the pair’s recent climb to the 11920 area and subsequent decline to the 11350 area, trading activity has been relatively sideways. Traders remain focused on the 11395.78, 11372.38, 11350.94, and 11307.97 areas during pullbacks lower, representing the 23.6% retracements of the recent appreciating ranges that commenced around the 9005.00, 8905.84, 8815.01, and 8632.93 areas. A key level where buying pressure recently emerged is around the the 11529.38 level, a test of the 11510.44 area that represents the 50% retracement of a historical depreciation from 19891.99 to 3128.89. Another technical level that created some upward momentum recently is the 11697.77 area, representing the 23.6% retracement of the recent appreciation from 4670.69 to 13868.44. Traders recently drove BTC/USD as high as the 12134.29 area before profit-taking pushed the pair lower to the 10546.15 area, just above the 50% retracement of the same appreciating range from 8905.84 to 12134.29. Additional upside price objectives include the 12227.83, 12268.47, 12311.39, 12859.49, and 13107.05 levels, targets related to areas of buying pressure that emerged earlier this year around the 3858.00 area and above. Stops were recently elected above the 11026.97, 11115.62, 11340.92, 11399.17, 11407.81, 11570.81, and 11761.97 levels. Following the pair’s recent appreciation to the 12134.29 level, traders are observing retracement levels around the 11395.78, 11350.94, 11307.97, 10938.90, 10866.33, 10796.77, 10651.81, 10569.65, 10474.65, 10383.61, and 10316.39 areas. Below those areas, some potential areas of technical support include the 10200.39, 10139.11, and 10082.97 areas. Chartists are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 200-bar MA (4-hourly) and above the 100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the 50-bar MA (4-hourly) at 11529.04 and the 50-bar MA (Hourly) at 11675.93. Technical Support is expected around 11357.46/ 11249.01/ 11073.70 with Stops expected below. Technical Resistance is expected around 12268.47/ 12311.39/ 13488.49 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
COINBASE:BTCUSDLong
by MavRich_Trading
btc overviewBitcoin (BTC/USD) continued to eye advances above the 11000 figure early in today’s Asian session as traders are seeking to build upon the upward price pressure that emerged around the 10911.74 area during yesterday’s Asian session, just above the 38.2% retracement of the recent appreciating range from 8905.84 to 12134.29. After the recent appreciation to the 12134.29 area, profit-taking pushed the pair lower to the 10546.15 area, just above the 50% retracement of the same appreciating range. Additional upside price objectives include the 12227.83, 12268.47, 12311.39, 12859.49, and 13107.05 levels, targets related to areas of buying pressure that emerged earlier this year around the 3858.00 area and above. Stops were recently elected above the 11026.97, 11115.62, 11340.92, 11399.17, 11407.81, 11570.81, and 11761.97 levels. Following the pair’s recent appreciation to the 12134.29 level, traders are observing retracement levels around the 11395.78, 11350.94, 11307.97, 10938.90, 10866.33, 10796.77, 10651.81, 10569.65, 10474.65, 10383.61, and 10316.39 areas. Below those areas, some potential areas of technical support include the 10200.39, 10139.11, and 10082.97 areas. Chartists are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 200-bar MA (4-hourly) and above the 100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 200-bar MA (hourly) and above the 100-bar MA (hourly). Price activity is nearest the 50-bar MA (4-hourly) at 11027.74 and the 100-bar MA (Hourly) at 11308.17 Technical Support is expected around 10481.33/ 10268.38/ 9879.78 with Stops expected below. Technical Resistance is expected around 12268.47/ 12311.39/ 13488.49 with Stops expected above. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage. TITLE : BTC/USD BUY LIMIT ORDER ASSETS : CRYPTO SYMBOL : BTC/USD ORDER TYPE : (EP1) BUY LIMIT ORDER (1/2) position size (partial low lot entry) (EP2) BUY LIMIT ORDER (2/2) (Now enter rest of position) TF : Daily ENTRY PRICE 1: $9,968 ENTRY PRICE 2: $10,268 STOP LOSS : $9,668 TAKE PROFIT 1- $10,868 TAKE PROFIT 2- $11,468 TAKE PROFIT 3-$12,068 Modify SL TO TP.3 AND TRAIL SL TP.4 $12,668 TP.5 $13,268 STATUS : PENDING 🚨 PLEASE PROPER RISK MANAGEMENT FAM 600 PIP SL (RISK) 0.01 Lot = $60.00 Loss & 3000 PIPS (REWARD IF TRADE GOES IN ARE FAVOR) 0.01 LOT = Around $300
COINBASE:BTCUSD
by MavRich_Trading
Bitcoin Bull Run "BitMEX CEO as Bitcoin Prepares for a Big Week"TECHNICAL ANALYSIS- FUNDAMENTAL ANALYSIS- NEWS- SIGNAL- FIB LEVELS- PRICE ACTION Bitcoin (BTC/USD) extended its rampage higher early in today’s Asian session as traders continued to push the pair closer to the psychologically-important 11000 figure following its swift moves and acceleration through the 10000 and 10500 levels. The pair traded as high as the 10968.00 area during yesterday’s North American session before briefly giving back some intraday gains. Traders have lifted the pair above some historical levels of technical significance in recent days, including the 9532.39, 9772.95, 9948.12, 10260.38, and 10354.90 levels. Stops have recently been elected above the 10268.38, 10276.29, 10354.90, 10615.49, 10647.72, and 10816.43 levels. If BTC/USD is able to continue its recent upward trajectory, traders will pay close attention to upside price objectives including the 11026.97, 11115.62, 11340.92, 11399.17, 11407.81, 11510.44, and 11604.29 areas. Following BTC/USD’s move higher to the 10968.00 area, updated levels of technical support include the 10522.51, 10504.73, 10481.33, 10459.89, 10316.39, 10218.13, 10180.25, and 10145.56 areas. Traders are closely monitoring recent depreciating ranges including the move from 9792.00 to 8815.01, the move from 10018.67 to 8815.01, and the depreciation from 10428.00 to 8815.01. Important technical levels related to these depreciating ranges include the 9416.84, 9418.79, 9561.43, 9558.87, 9582.92, 9621.51, 9734.61, 9761.09, 9811.84, 10047.33, and 10082.82 areas. A recent appreciating range that traders are monitoring is the move from 8632.93 to 10428.00, with the 9530.47 and 9742.28 areas representing the 50% and 38.2% retracements of this appreciation. Below current price activity, Stops have been absorbed below the 8877.48 area, a level that represents the 23.6% retracement of the recent appreciation from 3858 to 10428. Additional downside areas of potential technical support include the 8993.44, 8695.01, 8680.35, 8654.53, and 8603.46 levels. Traders are also paying attention to multiple trading ranges including the recent appreciation from 8106.70 to 9957.25, the appreciation from 6456.00 to 10079.00, the appreciation from 5678.20 to 10079.00, the broader appreciation from 3858.00 to 10079.00, and the appreciation from 8632.93 to 10428.00. Important technical levels related to these ranges include 9530.47, 9318.65, 9040.41, 9025.32, 8808.52, 8695.01, 8610.84, 8540.29, 8398.89, 8267.50, 7878.60, 7839.99, 7702.58, 7359.31, and others. Chartists are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 200-bar MA (4-hourly) and above the 100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 200-bar MA (hourly) and above the 100-bar MA (hourly). Price activity is nearest the 50-bar MA (4-hourly) at 9562.40 and the 50-bar MA (Hourly) at 9981.49. Bitcoin is bullish but needs to break through some key levels moving up. The leading digital currency could further consolidate above $10k or drop after easily taking the highs. Meanwhile, FOMC meeting, fiscal package announcement, GDP reports, and more to come this week. For the first time in about two months, Bitcoin rose above $10,000. People are set to capitalize on this move as bitcoin inflows into centralized exchanges start to increase “significantly.” Currently, we are seeing the largest hourly net flow spike in over three months. After seeing gains throughout last week, the world's largest cryptocurrency ended the week above $10k. Today, it is currently trading around $10,470 on the back of the strong volume, $2.65 billion exchanged hands in the past 24 hours (real value). Bitcoin gains have been in complete contrast with the S&P 500, which did not have a good week but is following gold, which broke into a new all-time high and continuing just to go higher and higher as the dollar falls and concerns rise about the health of the world economy as well. As we reported, the good news came in the form of the US office Comptroller of the Currency, which said American banks can now hold bitcoin, provide custody services for customers' digital assets, which will help boost the asset class's appeal with investors. What's to Come Bitcoin has been hovering near its 50-day moving average for weeks before the price pulled above it in the last couple of days. According to a report from JP Morgan Chase & Co. strategist John Normand, bitcoin has been enjoying above-average flows this year, which have been high versus their five-year average and compared to exchange-traded funds (ETF) in other assets. However, Bitcoin needs another leg higher, at least to break through the key $10,500 level from where the path is clear for the flagship cryptocurrency to fly. “Take out $10,380 this month or next month, and we're looking very good for some huge upside,” said trader Nebraskan Gooner. “Until then we must show caution at these levels. Every time we've gone above $10k in the last 12 months we have gone back below $9,000 after,” he said.
BITSTAMP:BTCUSDLong
by MavRich_Trading
2
BTC/USD Rockets To Highest Point Since JuneBitcoin (BTC/USD) remained on the offensive early in today’s Asian session as traders continued to observe the psychologically-important 10000 figure following the pair’s rampage higher to the 10150.00 area during yesterday’s European session, its strongest print since early June. Traders finally encountered technical resistance just below the 10154.71 area, representing the 76.4% retracement of a previous depreciating range from 10428.00 to 9270.00. Above that area, the 10180.19 area represents the 78.6% retracement of the same depreciating range. If BTC/USD bulls are able to resume their upward trajectory, traders will pay close attention to additional technical resistance that is likely in place around the 10268.38, 10276.29, 10354.90, 10615.49, 10647.72, and 10816.43 levels. Following BTC/USD’s move higher to the 10150.00 area, updated levels of technical support include the 9879.78, 9856.38, 9834.94, 9712.61, 9674.63, 9640.03, 9577.50, 9527.92, and 9472.51 areas. Traders are closely monitoring recent depreciating ranges including the move from 9792.00 to 8815.01, the move from 10018.67 to 8815.01, and the depreciation from 10428.00 to 8815.01. Important technical levels related to these depreciating ranges include the 9416.84, 9418.79, 9561.43, 9558.87, 9582.92, 9621.51, 9734.61, 9761.09, 9811.84, 10047.33, and 10082.82 areas. A recent appreciating range that traders are monitoring is the move from 8632.93 to 10428.00, with the 9530.47 and 9742.28 areas representing the 50% and 38.2% retracements of this appreciation. Below current price activity, Stops have been absorbed below the 8877.48 area, a level that represents the 23.6% retracement of the recent appreciation from 3858 to 10428. Additional downside areas of potential technical support include the 8993.44, 8695.01, 8680.35, 8654.53, and 8603.46 levels. Traders are also paying attention to multiple trading ranges including the recent appreciation from 8106.70 to 9957.25, the appreciation from 6456.00 to 10079.00, the appreciation from 5678.20 to 10079.00, the broader appreciation from 3858.00 to 10079.00, and the appreciation from 8632.93 to 10428.00. Important technical levels related to these ranges include 9530.47, 9318.65, 9040.41, 9025.32, 8808.52, 8695.01, 8610.84, 8540.29, 8398.89, 8267.50, 7878.60, 7839.99, 7702.58, 7359.31, and others. Chartists are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 200-bar MA (4-hourly) and above the 100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 200-bar MA (hourly) and above the 100-bar MA (hourly). TITLE : BUY BTC/USD ASSETS : CRYPTO SYMBOL : BTC/USD ORDER TYPE : (EP1) BUY LIMIT ORDER (1/2) position size (partial low lot entry) (EP2) BUY LIMIT ORDER (2/2) (Now enter rest of position) TF : Daily ENTRY PRICE 1: $9,738 ENTRY PRICE 2: $9,538 STOP LOSS : $9,338 TAKE PROFIT 1- $9,938 TAKE PROFIT 2- $10,138 TAKE PROFIT 3-$10,438 Modify SL TO TP.3 AND TRAIL SL TP.4 $10,738 TP.5 $11,238 TP.6 $11,638 TP.5 $10,686 STATUS : PENDING 🚨 Price activity is nearest the 50-bar MA (4-hourly) at 9411.39 and the 50-bar MA (Hourly) at 9649.98. Technical Support is expected around 9879.78/ 9834.94/ 9712.61 with Stops expected below. Technical Resistance is expected around 10268.38/ 10354.90/ 10615.49 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
BITSTAMP:BTCUSDLong
by MavRich_Trading
BTC/USD Technical Analysis 21 July 2020Bitcoin (BTC/USD) tried to add to recent upward momentum early in today’s Asian session as the pair worked to reclaim the 9245.03 area reached during yesterday’s Asian session, right around the 9243.25 area that represents the 38.2% retracement of the recent depreciation from 9475.00 to 9005.00. Another reason why this level was toppish is because there is selling pressure around the 9254 – 9257 area related to BTC/USD’s upward moves from 9905.84 in early July, and subsequent selling pressure from the 9475.00 area. The next upside retracement levels in this range include the 9295.46, 9364.08, and 9374.42 levels. The pair later came off from the 9245.03 area but remained above the 9125.02 area, representing the 50% retracement of the recent appreciation from 9005.00 to 9245.03. During the previous downturn, BTC/USD stopped just short of testing the 8970.77 area, representing the 76.4% retracement of the recent appreciation from 8815.01 to 9475. Traders are closely monitoring recent depreciating ranges including the move from 9792.00 to 8815.01, the move from 10018.67 to 8815.01, and the depreciation from 10428.00 to 8815.01. Important technical levels related to these depreciating ranges include the 9416.84, 9418.79, 9561.43, 9558.87, 9582.92, 9621.51, 9734.61, 9761.09, 9811.84, 10047.33, and 10082.82 areas. A recent appreciating range that traders are monitoring is the move from 8632.93 to 10428.00, with the 9530.47 and 9742.28 areas representing the 50% and 38.2% retracements of this appreciation. Below current price activity, Stops have recently been absorbed below the 8877.48 area, a level that represents the 23.6% retracement of the recent appreciation from 3858 to 10428. Additional downside areas of potential technical support include the 8993.44, 8695.01, 8680.35, 8654.53, and 8603.46 levels. Traders are also paying attention to multiple trading ranges including the recent appreciation from 8106.70 to 9957.25, the appreciation from 6456.00 to 10079.00, the appreciation from 5678.20 to 10079.00, the broader appreciation from 3858.00 to 10079.00, and the appreciation from 8632.93 to 10428.00. Important technical levels related to these ranges include 9530.47, 9318.65, 9040.41, 9025.32, 8808.52, 8695.01, 8610.84, 8540.29, 8398.89, 8267.50, 7878.60, 7839.99, 7702.58, 7359.31, and others. Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 200-bar MA (4-hourly) and below the 100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 100-bar MA (hourly). Price activity is nearest the 50-bar MA (4-hourly) at 9186.12 and the 50-bar MA (Hourly) at 9166.45. Technical Support is expected around 8695.01/ 8540.29/ 8267.50 with Stops expected below. Technical Resistance is expected around 9561.43/ 10066.21/ 10428.00 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
BITSTAMP:BTCUSDLong
by MavRich_Trading
BTC/USD LONG (SNIPER ENTRY TO THE MOON)Bitcoin (BTC/USD) awaited fresh market sentiment early in today’s Asian session as the pair continued to oscillate between the psychologically-important 9000 figure and the 9500 area. Traders recently took the pair as high as the 9339.61 level, an area of technical resistance that represents the 23.6% retracement of the recent appreciation from 8905.84 to 9475.00. Likewise, that level was also right around the 9331.75 area, representing the 61.8% retracement of the recent depreciation from 9475.00 to 9100.00. Some traders believe BTC/USD is exhibiting a downward bias given some of the recent resistance it has encountered, and a series of lower highs. Traders continue to view the 9516.43 and 9582.92 areas as upside price targets, as they represents the 76.4% and 78.6% retracements of the recent depreciation from 9792.00 to 8815.01. Traders are closely monitoring three recent depreciating ranges including the move from 9792.00 to 8815.01, the move from 10018.67 to 8815.01, and the depreciation from 10428.00 to 8815.01. Important technical levels related to these depreciating ranges include the 9416.84, 9418.79, 9561.43, 9558.87, 9582.92, 9621.51, 9734.61, 9761.09, 9811.84, 10047.33, and 10082.82 areas. A recent appreciating range that traders are monitoring is the move from 8632.93 to 10428.00, with the 9530.47 and 9742.28 areas representing the 50% and 38.2% retracements of this appreciation. Following the pair’s recent movements, potential areas of technical support include the 9123.26, 9067.13, 9040.16, and 8970.77 levels. Below current price activity, Stops have recently been absorbed below the 8877.48 area, a level that represents the 23.6% retracement of the recent appreciation from 3858 to 10428. Additional downside areas of potential technical support include the 8993.44, 8695.01, 8680.35, 8654.53, and 8603.46 levels. Traders are also paying attention to multiple trading ranges including the recent appreciation from 8106.70 to 9957.25, the appreciation from 6456.00 to 10079.00, the appreciation from 5678.20 to 10079.00, the broader appreciation from 3858.00 to 10079.00, and the appreciation from 8632.93 to 10428.00. Important technical levels related to these ranges include 9530.47, 9318.65, 9040.41, 9025.32, 8808.52, 8695.01, 8610.84, 8540.29, 8398.89, 8267.50, 7878.60, 7839.99, 7702.58, 7359.31, and others. Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 200-bar MA (4-hourly) and above the 100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 100-bar MA (hourly). Price activity is nearest the 100-bar MA (4-hourly) at 9192.14 and the 100-bar MA (Hourly) at 9241.50. Technical Support is expected around 8695.01/ 8540.29/ 8267.50 with Stops expected below. Technical Resistance is expected around 9561.43/ 10066.21/ 10428.00 with Stops expected above. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
BITSTAMP:BTCUSDLong
by MavRich_Trading
BTC/USD Bulls Eyeing 9621.51 (BTC OVERVIEW) Bitcoin (BTC/USD) extended recent gains early in today’s Asian session as the pair continued to score gains above the psychologically-important 9000 figure. Buying pressure emerged around the 8905.84 area during yesterday’s Asian session, just below the 8918.20 area that represents the 78.6% retracement of the recent appreciation from 8815.01 to 9297.20. Traders lifted the pair as high as the 9352.15 area during yesterday’s North American session before some profit-taking emerged. If BTC/USD bulls are able to resume their upward momentum, some important price targets include the 9416.84, 9431.17, 9558.87, 9621.51, and 9734.61 areas. The 9530.47 and 9742.28 areas also upside price targets, representing the 50% and 38.2% retracements of the recent appreciation from 8632.93 to 10428.00. Traders are observing the recent depreciating range from 10428.00 to 8815.01, with the 9195.68 area representing the 23.6% retracement of this range and an important area that BTC/USD bulls will need to build upon if they are to make advancements higher. Larger Stops have recently been absorbed below the 8877.48 area, a level that represents the 23.6% retracement of the recent appreciation from 3858 to 10428. Additional downside areas of potential technical support include the 8695.01, 8680.35, and 8654.53 levels. Traders are also paying attention to multiple trading ranges including the recent appreciation from 8106.70 to 9957.25, the appreciation from 6456.00 to 10079.00, the appreciation from 5678.20 to 10079.00, the broader appreciation from 3858.00 to 10079.00, and the appreciation from 8632.93 to 10428.00. Important technical levels related to these ranges include 9530.47, 9318.65, 9040.41, 9025.32, 8808.52, 8695.01, 8610.84, 8540.29, 8398.89, 8267.50, 7878.60, 7839.99, 7702.58, 7359.31, and others. Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating above the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the 200-bar MA (4-hourly) at 9383.89 and the 200-bar MA (Hourly) at 9131.61. Technical Support is expected around 8695.01/ 8540.29/ 8267.50 with Stops expected below. Technical Resistance is expected around 9561.43/ 10066.21/ 10428.00 with Stops expected above. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
BITSTAMP:BTCUSDLong
by MavRich_Trading
BTC Short Term PullbackHey guys, As I pointed out in my previous analysis we lost the blue box by closing a 4HR candle below. After that the bulls tried to regain the area but got rejected once again and weren't able to paint a higher high in the short term. Besides that we played out the bearish divergence as pointed out on the chart. But no reason for panic as of now because we pulled back and are fighting for support on the middle trend line of the macro parallel channel. There isn't formed a lower low yet but sell pressure is indeed acting strong in this critical area for the bulls. I personally don't think we are seeing a inverse head and shoulders but there is definitely sentiment in the sphere for that particular pattern which will show some buying pressure in this area as well. Thereby I see some similarities with the area marked in green. We can see a push followed by a retest of the middle parallel channel trend line and ultimately a wick above to the upper trend line. This might be the case for the upcoming days but is not guarenteed! Key elements -This area of +/-9040 needs to hold by closing higher timeframe candles above -No edge to add on position or open position here (personal view) -My view on the 9400+ test still remains as of now.
BITSTAMP:BTCUSD
by DF1
BTC up for a new potential lower highHello guys, After the monthly close BTC have managed to move a little bit... thank god. As can be seen on the chart we moved right in the previous accumulation area which acted as support for about 10 days. (12-22th) After the previous lower high formed we retraced right trough the area and it became resistance ever since. The Bulls need to close a higher timeframe candle above this area (marked with the blue box), for us to move to the next area of resistance. With a conservative view the next area of resistance would be the 0.5 retrace right around 9315 but I don't think the resistance would be strong enough to bring the rally as off so far down. Personally I think the area 9425 is rather more interesting to pay close attention to as it is the .618 retrace combined with the downward upper channel line which acts as a demand zone. I would watch this area and take profit aswell and based upon price action might even short the area. Thereby we have the areas marked with the blue arrow pointing out previous "Points of control" based on the volume profile. These guys can be a target for the whales to liquidate the first over-leveraged shorts and trap longs who falsely assumed the breakout, so be careful and watch price action first. Overall view: -Short term : some more upside -Mid term: consolidation , with a lower high finally formed -Long term: downside below 9000
BITSTAMP:BTCUSD
by DF1
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