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BTC in for another test higher?Hello you guys, As I pointed out in my previous analysis I expected a test higher. Well as you probably have noticed we moved a bit and man finally some action. We reached 9200 and got rejected which does look concerning on first sight but hey it isn't set in stone as of yet. Ofcourse the macro view isn't that bullish unfortunately but I still expect some more upside before ultimately moving down below the 9k area. So what is going on? We have tested the .382 , selling of a bit but looking for support around 9120 which has acted as resistance for the short term but has provided support in the past for much longer. My view isn't changed and still expect a move towards (conservatively) 9300. The view on a 9420 test is somewhat shifted but once we close 4HR candles above 9300 it is likely to hit as well. Sum Up: -The bulls need to close 4HR candles above 9120 to maintain upside potential -9300 likely to get tested -Once we reach 9300 and close 4HR candles above 9420 is a likely target
BITSTAMP:BTCUSD
by DF1
1
XBT/USD LONG SET UPFollowing some of the pair’s recent technical resistance around the 5985.00 area, traders are closely eyeing the 3792, 3274, 2634, and 1599 levels as downside targets. Last week’s significant depreciation involved some of the most acute downward price activity ever experienced by BTC/USD traders. As traders decoupled from the risks associated with BTC/USD, a series of major Stops were elected below key price levels, and these price areas included the 7793, 7417, 7265, 6993, 6613, 6468, 6345, 5619, 5558, 5329, and 4509 levels. During the pair’s modest recovery, the pair as high gained ground to the 5885 level, came off to the 4696.55 area, gained ground to the 5995.00 level, and then fell back to the 4924.97 area before moderating. Below current market activity, traders are closely watching levels including the 4342, 3688, 2882, and 2673 levels. Stops are likely in place below these levels. Price activity is nearest the 50-bar MA (4-hourly) at 6532.24 and the 50-bar MA (Hourly) at 5200.65. Technical Support is expected around 4342.13/ 3688.61/ 2882.04 with Stops expected below. Technical Resistance is expected around 5995.00/ 6345.00/ 6993.10 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.
BITMEX:BTCUSD.PLong
by MavRich_Trading
BTC/USD LONG SET UP FOR BULL RUNBTC/USD BUY LIMIt ORDER ENTRY 1 $9,768 ENTRY 2 $9,640 SL $9,220 TP.1 10,040 TP.2 10,268 TP.3 10,540 & TP.4 10,840 *Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair traded as high as the 10262.35 area after trading as low as the 10083.10 area during yesterday’s European session. Notably, the pair moved higher to test the 10522.51 area during yesterday’s North American session, a fresh multi-month high. After peaking around the psychologically-important 10500 level early in yesterday’s European session, traders quickly booked profits and drove the pair lower to the 10083.10 level, testing the 100-bar MA (4-hourly) and just above the 10064.04 area that represents the 38.2% retracement of the depreciation from 13868.44 to 7712.45. Traders are curious to see if the pair will be able to remain above the psychologically-important 10000 figure, and if BTC/USD bulls will have the fortitude to test the psychologically-important 11000 figure. the pair continues to trade above the 50-bar MA (4-hourly), and are watching to see if the pair will be able to reclaim the 50-bar MA (hourly) following yesterday’s early depreciation. Traders are watching the 10513.53 area, an upside price objective that the market was briefly able to eclipse yesterday. This area gained technical significance when buying demand emerged around the 9521.47 area during the pair’s climb, adding on to the earlier demand around the 9078.05 area. Above current market levels, traders cite upside price objectives around the 10545, 10615, 10652, 10698, and 10722 levels. Price activity is nearest the 50-bar MA (4-hourly) at 9668.68 and the 50-bar MA (Hourly) at 10315.18. Technical Support is expected around 9948.51/ 9757.64/ 9370.10 with Stops expected below. Technical Resistance is expected around 10534.04/ 10652.04/ 10698.24 with Stops expected above
BITMEX:BTCUSD.PLong
by MavRich_Trading
BottomFinder Signals & Profit Analysis XBTUSD last 60 days.BottomFinder just gave a strong bottom signal so I thought a great time to post this, since bitcoin is dumping. Many times this is psychologically the toughest trade to make. Bottomfinder can help you manage that fear at the bottom and conversely the greed at the top! Here is a profit summary for following BottomFinder signals on XBTUSD 1 Hour timeframe for the last 60 days. 21 Trades and 3 losers. The general strategy here is to enter upon the two type of bottom signals and exit upon any sell signal (weak, medium or strong). As you can see I have highlighted the areas where false signals occurred, so you can see where they will sometimes crop up. We have implemented strict filtering, but to eliminate those false signals entirely negatively affects the overall profitability for the algorithm. Accuracy is overall around +/-85% depending on timeframe and coin/stock you are charting. If you notice, I only calculate profit from the OPEN/CLOSE value. I am not including wick position in the profit calculation. So very likely in some instances you would have entered/exited the position in a better spot. See examples below I prefer to be conservative when giving profit analysis though. Always better to over deliver in that department! :) BottomFinder's long awaited update will be released in the coming weeks. Stay tuned for more updates about new features and how to use them!
BITMEX:BTCUSD.P
by theheirophant
1