Bitcoin (BTC) Get in short for highest possible price you canHey everyone, Bitcoin has once again proved why the ETF will not be approved. It is manipulated as !@#$. Right now, I recommend you to start entering your short positions. I managed to get short at 7k with an average of 6820 so far. When the ETF gets denied tomorrow we will be sitting in a good spot.
My recommendation:
Go short from 6.7k all the way to 7.1k. This is a very big trade with a take profit below 6k. We will now be continuing our downtrend. This move was not natural, it was done by the market manipulators who are the real winners. I fully expect a big dump tomorrow when the ETF gets denied.
Take profit:
5.4k
Stop Loss:
Hold off for now, too volatile. You will likely get stopped out.
Xbtusdlong
H1 Trading Idea in Low volumeBitcoin is trading near $6327, last few hours Shorts are greater than Long position and RSI is trying to go inside oversold condition. If it will test $6250 area in 4-5hrs than good Long position between $6200-$6250 with strong stoploss at $6115, you may take your profit at $6365-$6450-$6500. Current price struggling with SMA 200 which is very supportive for price.
Broke this channel like a loli angusViacoin MAN thinks that this is going to lead to a good bull run where those with brass balls can make profits and get aroused by funds. If everyone thinks they will realize that we have been locked in a channel in the BVOL7D and we haven't seen much action as a result of this. Normally when this indicator his a low, we see some aggressive and arousing movements.
Viacoin MAN is long on XBTUSD (entry 6056.2) and XBTZ18(6160.5) with 10x. He feels comfy and will take profit after this breakout.
He is also looking at some consolidation happening now so extra funds from his XBTUSD funding are really neat, RNR wrote an article on this.
The next run up from BVOL7D will help Viacoin MAN determine the momentum of this move. He wants to maximize his gains and doesn't what to be caught like a fool HODLing a contract.
If you look at the alts, they are suffering from blueballs and this is going to get $BTC excited.
#XBTUSD $BTC what to do next and how not to get #REKTHello Lads and Ladies,
Toady we will be taking a look at the XBTUSD chart especially suited for our Bitmex friends. As we have see the ETF hype and pump, we have now experienced a very hard retracement of almost 1600$ from the very top.
Looking at XBTUSD right now, we are still on the short term downtrend from the last pump/hype. This retracement is still called a retracement because we did not have any negative news and still have the possibility of rising and going above the previous high. The reason for this would be of course in first case the positive news on the 10th of August. Looking at it from a TA perspective, which is more in the background of the analysis because the pump was news-based and not a natural movement, this has been the third big bounce from the area of 6200-5800. Looking at he bounces, we create a big leg up with mostly one small stop in between. After the first top, we see normally a type of bigger retracement, nevertheless after this retracement we are followed by a second big leg up above the previous top. This would be in our case a second leg up ABOVE the previous top of 8500.
Yet, this retracement from basically 8300 had a hard time going down with many bear flags on its way and a strong pull up. All of this does not seem like a drop that one would expect, tricking a lot of players to open a long position. Almost the same is happening with XBTUSD right now. We are in a very decisive area which might determine the outcome and movement of XBTUSD of this month.
To be more specific, we are right now in a sort of channel between 6880 and 7200. Getting near to those lines of support and resistance one might consider opening an according position. Breaking one of these lines would most likely show us the new direction of this month.
Looking at commonly used indicators, we are right now even on bigger timeframes on a oversold area. Even the daily StochRSI is at 0 , 0. As a matter of fact this is actually a positive and bullish sign, indicating us a reversal soon. In addition to that we are still expecting news on the 10th of August on an ETF. Normally if big players or market making manipulators would know that there will be negative news coming out, they would let the price rise and hype as much as possible to have the best entry for a SHORT position. In the opposite scenario, they would expect good news and keep the price as low as possible to have the best entry before a humungous pump. Yet, this is a lot of conspiracy and nothing to rely on.
Following by that, we can see that on many timeframes we are in a oversold region, yet still have enough space for an additional drop. Taking into consideration that we are right now only 50$ away from the channel-support this would mean for us finding new bottoms and maybe even making a new 2018-Low and after that continuing with a more natural movement and not only news-based. In addition to that, a delay on the ETF decision or even a negative outcome would definitely break the recent support and pull us towards new support and lows. The very last hope is 6600 for XBTUSD. Should we not see a rapid bounce from there an important ascending support will be broken and we will seek lower lows with a very high chance.
Nevertheless, there are actually two more bullish signs that might be not very relevant because of the timeframes, yet should be considered before making a trading decision. This would be for the first on a daily time frame, applying the Fibonacci Retracement from 5870 to 8500 the 61.8% support is actually at the recent channel support of 6880. Showing us a possible trend reversal and the first bullish sign. The second bullish sign can be seen on the 1h timeframe as we are forming a double bottom at the channel-support, also indicating us a possible trend reversal OR at least a short term direction to test the channel resistance at 7200.
[XBTUSD +2.5%] Safe Bitcoin Spectro™ M Bullish ReversalThis is a signal using Spectro™ M
This is a moderate reversal signal since we have every single indicator but one in Spectro pointing towards the reversal.
The blue background is the trend analyzer telling you that we are entering a reversal zone.
The Specter Clouds™ predicts not only the oversold area but also predicts the sell target, it tells you how far off an organic move we are, so if you measure from where we are now to the top of the green cloud that's our 2.5% target.
As you can see from past trades the clouds can be very precise prediction future price.
The big green triangles mean that Spectro check 20 other indicators and they all agree in a reversal.
We can see a reversal candlestick appearing at the bottom.
So pretty much we have several signals that come before the confirmation.
We didn't have any Spectro™ M confirmations yet, but still, this is an asset that you might want to watch closely since Spectro™ M just triggered a bullish reversal alert and the downtrend is almost reversing.
Liked it? Give it a shot at, it's really affordable - you wouldn't believe if I told you: hypester.org
XBT New RangeNew range for BTC consolidation as it continues to move sideways. A few shakeouts/stop runs retested previous support levels, note that the long wicks all touch or come close to the .5 fib level. Also note that the wicks populate the blue box, which now acts as a demand area, whereas previous to the run-up it acted as a supply area. Resistance ~8300 has been tested several times at this point, after which price comes down to support and bounces. Flash dumps, followed by quick recovery pumps seem to be stop/liquidation runs or shakeouts to liq FOMO longs and subsequently bottom shorters, and to clear out any weak hands before next leg up. Quick recovery after dumps seems to suggest that there is high buying pressure at the bottom of the range, but also the high selling pressure ~8300 suggests that the market isn't ready for the next leg up yet. Overall I think this range plays out bullish in the mid-term, and we're setting up to break out of this range in a leg up.
Partly wanted to test out my new color scheme with this idea, partly wanted to keep track of my thoughts and observations. I wanted this to serve as sort of a journal entry, hence the somewhat short & declarative style of writing sentences.
BTC Long Term Bull Run Has StartedTom Demark count gave a green 2 on the weekly chart. If we close this week with a green 2 this will mean long term bull run has started. We have broken MA20 on the weekly chart which is also a long term bullish sign. Stoch RSI is oversold on the weekly and we have plenty space to go up.
Here is my trading idea:
Long at: 8176
Take profit: 8590
Stop Loss: 7990
BTC price action incomingHello Guys,
today is the 06/07/2018, 16:00 UTC time and I think its time for a new quick analysis.
My last anlaysis ist still actual and worked pretty well, so check it out. But lets start with a quick review first.
So at 13/06/18 we tested the first time the 6400 level in the last period. And what happened? We broke trough it, and went down to test the trendline which u can see here in the purple color.
We tested the 6400 several times till we finally broke trough at the 22/06/2018 and tested the 5870. Again tested the low at the 28th and 29th of June. Than the pump at the 29th June
and the 2/7/18 which brought us up, above the now valid support line at 6400.
This is where we are now. Between the support line and the down going trend line.
Where will we go? Like always, thats the million dollar question..
So to be serious, we are still in this down going channel but we have the support line under us. If u compare this analysis with my one before, u can see i drew the channel different.
In the next two days we will decide it. Can we break out of the channel and test the 6800/7000 again or will we test the 5870 again. Thats also possible because it would be the third testing of the big low
in the last period. A stronger bottom would also give us more power for the next bull run. If u look at the RSI u can also see we have potential to the 20 oversold level. Than recover a bit
and do the final test.
That was a quick overview over the BTC market. I hope u enjoyed it.
Lets see ;) Have fun trading !