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BTCUSDT - New Year Ranging Last couple of days BTC is struggling to break $30k resistance (seems like a tough spot) and bouncing off $28.5k after every sell-off. Plan: I placed deep bids below $28.5k, trying to catch $1k move. Definetely not gonna buy $30k. From the short / hedge side, area around $30k looks like a good spot to open a position. Information is just for educational purposes, never financial advice. Always do your own research. Hit the "LIKE" button and follow to support, thanks!
FTX:BTCPERP
by Bitduke
Bitcoin hyperinflation, the next ATH & Bottom #BTC #bitcoin ******* Thanks for reading! Please upvote if you find this useful! ******* I had my butt handed to me at the beginning of 2018. I really thought it would keep going up :( Over the past 2 years, I learned a lot more about trading, trends, signals, and investment strategy. I currently now hold more money than I've ever had at one time in my life, all in Bitcoin , because of this chart, so I think it's safe to say that it's fairly reliable. I bought in at around the $5000 mark this year. If you look at my previous 4 charts (see Related Ideas below), you'll see in the earliest one of my charts that I was very early, but was ultimately not wrong. That is probably because I wasn't doing proper analysis before making a prediction. It was a stressful year LOL But, today, my friends are all kicking themselves for not listening to me. If you had even just 1 bitcoin at 5k, you would have made over 5 times that in under a year. I assert that Bitcoin will always go up in value over time due to HALVING and INSTITUTIONAL INVESTORS. Back in 2015 when I first got very interested in Bitcoin , I didn't fully understand how it worked. So I, like most noobs, went on reddit and youtube to get the basic idea. There was a wacky guy on reddit posting his YT videos about "hyperinflation", which was a new concept to me. He was saying BTC would go to 400k in 10 years or so. That sounded crazy to me..... but I really still did not understand Bitcoin or investing. It didn't stop me from trading, but of course I didn't do so well -- I basically broke even by the time I got out in early 2018. The biggest indicator to me was when I read about HUGE institutional investors getting into the market back in 2018 when BTC hit bottom. At the same time, the U.S. Congress had decided to treat cryptocurrency as any other tradable asset and that's about the extent of their regulation. This told me that you could trade it outside of the U.S. in places where the govt was a lot more lenient, so of course there has to be banking institutions capitalizing on this. While other govts were trying hard to figure out how to regulate it, the institutions didn't seem to care, they kept getting big investments, and I soon realized it was because they knew that if they mined now (2018) while the block reward is still good and the price of BTC is so low, they will cash in big time when the price climbs up a year or so later, especially after the halving. On top of it, mining equipment has only gotten better -- more powerful chips that use less electricity than their predecessors. Watching a month chart like this for the past 2 years, watching the news and the reactions in the market on smaller scale charts (like 4hrs, 1hr, or day charts), setting my chart to a logarithmic scale and simply looking at the bigger picture, suddenly that guy on reddit claiming it'll go to $400k in 10 years didn't look so crazy anymore. Just looking at the trends over a 7 year period was enough to understand what's happening. I am not here to give financial advice, this is only my opinion. But my opinion is that there will be ups and downs, always, but the bigger picture is ultimately what matters. To sum up: to me, Bitcoin is a good long-term investment because of the hyperinflation due to halving and institutional investors' dependency on it. We'll probably see BTC hit a ridiculously high price in mid to late 2021 if things continue to repeat themselves. However, it's great to pay attention to the popular technical traders' predictions and take some of your winnings when it hits a new ATH , just to be safe. There will be another dip, you can buy back in there and make more profit. I promise to do more technical analysis when I get better at it. I have taken a break from day trading to focus on my company, but if you look at some of my older charts you'll see I made some decent trades simply by looking for typical chart patterns and other typical indicators. I can only speculate that the reason those patterns and indicators work is because the market is so unregulated that it often falls naturally into these patterns. Happy trading!!
KRAKEN:BTCUSDLong
by neuromancer
BITCOIN (BTC/XBT) DAILY LONG&SHORT TRADE SETUPS 2020/12/31MARKET OVERVIEW Price Action: Bitcoin saw some volatile price action yesterday, with new ATHs and flash selloffs, creating panic and fomo. Many traders in the chat were in a state of panic. We have established a new ATH @ $29.3K, breaking the previous ATH @ $28.4K. We are in dangerous and volatile territory as price is just as likely to pump as it is to a major correction. The best way to protect yourself is to only trade high probability trade setups, which I provide on a daily basis. Chart Patterns: We seem to be moving up in an upwards trending channel, so we will need to pay attention when price reaches either the top or the bottom of the channel. Areas of Interest: The area(s) of interest for us are the highs @ $29.3K and the 200MAs @ $28K. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADE(S) RECAP There wasn't a trade yesterday, but 3 days ago we had a successful trade that gave us a 3:1 Risk Reward Ratio, meaning you could've made 3BTC for every BTC risked. TRADE SETUPS Below are three potential trade setups. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: Breakout and Continuation To open a long position, we are waiting for price to break resistance, move back down to test previous resistance as support and then bounce back up. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $29.3K with force, creating space between the price and $29.3K, falls back down to $29.3K and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar, or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 2.1 Ideally Engulfing / Break candle has a large candle body with small wicks 2.2 Ideally Engulfing /Break candle closes near the highs of the candle 3. Volume: Above average volume on the bullish engulfing candle, pinbar, or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) Long Trade Setup #2: Retest and Continuation (200MAs) To open a long position, we are waiting for price to retrace back down to test the 200MAs and then continue moving up. Trade Entry Confirmation: 1. Price Action: Price needs to move back down to the 200MAs and bounce. 200MAs are currently sitting at ~$28K, but will move as price moves. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar, or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 3. Volume: Above average volume on the bullish engulfing candle, pinbar, or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) Short Trade Setup: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance @ $29.3K and then fall back down. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $29.3K and then rapidly falls below $29.3K, forming a bull trap 2. Candlestick Pattern: A breakout candlestick (candle close above $29.3K) followed by a breakdown candlestick (candle close below $29.3K) 2.1 Ideally breakout and breakdown candlesticks are consecutive candles, but can also have a few candles in between the two 2.2 Ideally the breakdown candle has a large candle body with very small wicks 3. Volume: Above average volume ( volume above the average volume line) on both breakout candle and breakdown candle, ideally the breakdown candle's volume is a local high 4. MACD: MACD histogram topping out, as indicated by the histogram becoming less positive (color changing from dark green to light green) ENTRY CONFIRMATIONS Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management. TRADE MANAGEMENT Entry: We typically enter on the candle close of the entry signal candle. Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks. Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but I will also post a few take profit targets for you to scale out of the trade. Adjustments: You can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to adjust/manage the trade depends on your own risk appetite and what you are comfortable with. HOW TO USE MY ANALYSIS Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily: 1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself. 2. You follow the trade setups and trade entry signals that I give in real time. MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS, GET THE LATEST SL AND TP LEVELS, AND FOLLOW THE TRADE PLAY OUT IN REAL TIME! DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Feel free to ask any questions, and please let me know how I can improve these daily posts / what you would like me to include in these daily posts, thanks.
by cryptotraderog
9
💎ETH: Fresh Supply and Demand Zones for BUY/SELL-31-Dec-2020Hello Dear Traders, ETH , LTC and BCH is Going to be Huge in Upcoming days. If u want to take Full advantage of Next ALT season then u dont have to ignore this coins. On Every Dip JUST buy it. ETH Discovered new supply and demand zones, While posting the idea Demand Zone 1 worked great and we seen huge Buying pressure once it touched demand zone 1. Always look for Best Entry price. Don't buy anything at Any Price with FOMO. Also one important thing to remember is on ETHBTC pair, ETH is very very bullish, Price action of BTC pairs are strongly replicated on USDT pairs. In next Educational Idea , i will create a tutorial how to know Alt-season started or not ? It will help u very much before investing money in alts.
Long
by mbn_global
💎BTC : Fresh Supply and Demand Zones For BUY/SELL-31-DEC-2020Hello Dear Traders, (Crypto Market Cap : 754 Billion , BTC Dominance:70.5%) In Last post we discussed about potential upside rally from demand zone (25937-26582), as expected BTC rallied up side and touched 29300$. After continues bullish rally today btc discovered new supply zone which is 29300-28800$. i was expecting major supply will come from 30k but before tht we discovered new supply zone. Still on lower time i can see heavy buying on every dip. i have marked 2 demand zones ,whenever price will come into demand zone 1, we will see major buying in btc. whoever is waiting for LONG/BUY btc, u can buy at demand zone 1 and demand zone 2. soon we will see btc at 30k. please dont try to short btc for short term gains. bullish power is very very strong. always look for LONG/BUY opportunity on every dip. whenever we see BTC becoming bearish or preparing for major correction we will immediately update u. Bitcoin dominance is rising again and ALTS bleeding hard. remember AFTER btc bullish trend completion, alts are going to shoot up record high. invest in alts with strong confirmation only.
Long
by mbn_global
💎BTC : Fresh Supply and Demand Zones For BUY/SELLHello Dear Traders, after declining from 28400$ btc made new supply and demand zones. from last 2 days btc is sideways and trading in specific range lower rectangle box is demand zone(25937-26582) & upper rectangle box is supply zone(27512-28437). BTC is not going below Demand zones as of now, and now btc is targeting supply zone. from here i m expecting btc will test upper supply zone and now its very important to see how will be reaction of btc when it tests supply zone. if btc supply zones breaks then btc will start its journey to 30K, if btc fails to cross supply zone then we will see 24000$ zone which is very strong demand zone. PRO Tip: BUY Near Demand Zone SELL Near Supply Zone
Long
by mbn_global
💎BTC: New Supply and Demand Levels Discovered "Correction Time"Hello Dear Traders, After breakout from 24k today finally btc discovered new supply zone, Sellers finally able to take some control on btc New Fresh Supply Zone is From 27200-28400$ New Demand Zone is From 24000-24800$ Whenever next time u see price trading in supply zone , most probably it will reject to Fresh Demand Zone. If u are planning to BUY BTC , Fresh Demand Zone is place where u can BUY/LONG BTC BTC needs Little Healthy Correction to Cross 30K CME exchange has closed at 23685$ on Thursday and tomorrow it will open at current price ...so it will create a huge gap in chart, Most of the time this CME gaps gets filled over the time... Whenever this type of situation happens price dumps and fill tht gap Current CME GAP is of 3150$
Short
by mbn_global
💎ETH : Targeting For 700+, If Things Works As Per My Plan.Hello Dear Traders, After launch of ETH 2.0 , eth was looking like it surrendered to btc price action. bt today i deeply analyzed eth and i found very mature chart pattern growing strongly. currently eth is trading in rising wedge, lower trendline of wedge is giving strong demand whenever price touches boundaries of lower trendline and upper trendline is giving strong supply zone. this chart pattern is coming to the end and soon its going to breakout hard like btc broke frm 20k. also 685-600$ level was previously supply zone and when eth tested this zone in last 2 days we seen strong demand it means previous supply zone is flipped into new demand zone upper trendline is near 685-700$, if this type of strong bullishness remains going then we will easily see eth crossing 700$ soon. after daily candle closing above 620$. eth bulls will push price aggressively upside. its better to have some eth buy/long . Thanks for your support! If you liked this analysis, please support our profile with a 👍 and follow us to get a new daily analysis. This trading idea has been presented to you by ROHITWORKSS
Long
by mbn_global
5
💎 BTC : Fakeout or Breakout to New Highs ??Hello Dear Traders, (Crypto Market Cap : 654 Billion , BTC Dominance:68.7%) in last Post i marked supply and demand zones based on 4hr, after posting the idea btc tested supply zone and started journey to demand zone. after testing demand zone again it bounced and for 8-9hr btc was range bound, finally at 24 dec btc started again rally to test supply zone. on 4hr we seen strongly bullish breakout candle at supply zone bt after closing of 4hr candle, seller/bears took the control and it started dumping frm 24600 zone. this type of price action indicates fakeout in price. To confirm this was fake out btc must give daily candle below 24300$ zone. if btc stays in supply zone then again sellers will take control and we might see price falling to demand zone which is 22600 area. I will not recommend doing anything above 24000$, Market is at extreme Greed, any Flash crash may occur. Our Supply and demand zones marking works all the time. carefully understand zones and plan entry accordingly. Always buy in demand zone and sell at supply zone, Dont create FOMO, Have Patience.
by mbn_global
1
Supply Zone of Dominance Respected But.....Hello Dear Traders, In Last post we discussed about rapidly increasing btc dominance and XRP news impacting Alt coin market. due to this altcoin market crashed very bad and tested daily based demand zone, today we seen impressive bounce in alts. its clearly indicating money is injected in alts. BTC Dominance made high of 71% and as expected it got rejected, also on daily strong bearish candle is printed. Concerning thing i m observing is as btc price starts increasing along with dominance is also increasing , and alts are losing momentum. dominance must stay below 70% ,then only we will see alts rising in USDT pairs For Massive Alt-season Like 2017 , We must see alts Rising in BTC pairs. pump and dump in USDT pairs doesn't matter a lot. Indication of Start of Alt-season will only give in BTC Pairs, As we are closely tracking every minor move of Crypto market. we will notify u immediately. Follow us on tradingview to get regular updates.
CRYPTOCAP:BTC.DShort
by mbn_global
6
💎BTC Dominance Must get Rejected Frm here, Fr Altseason!Hello Dear Traders, In last 2 days alts dumped heavily , One reason for this dump was rapidly increasing BTC dominance and News of XRP , this 2 things dragged down every other alts except ZIL and theta. BTC dominance is at supply zone, previously many times it rejected frm same zone. i m expecting same frm here again. if dominance starts declining then we will see massive alt-season. also one more thing to notice is most of the altcoins touched its daily and weekly demand zone, and giving very nice spike. in next post i will post ideas of btc and some good looking alts. keep in mind btc dominance is at supply zone and if it starts declining then start buying alts.
CRYPTOCAP:BTC.DShort
by mbn_global
💎BTC : Correction Over or More Dump is Coming?? How to Trade?Hello Dear Traders, (Crypto Market Cap : 650 Billion , BTC Dominance:66.7%) In Last post i discussed about 3 key levels which are very important for btc which was new supply zone from 23900-24400$ , after publishing post BTC dumped exactly from the supply zone. and tested demand zone which was from 22400-22700$ , BTC performed exactly as expected in previous post. while writing the idea btc successfully tested 22300-22700 level and received strong demand and currently trading at 23400$. On daily Time Frame btc became bearish after 9 days of strong rally, as FOMO and institutions are buying btc heavily. there is not very much scope downside, bt if new covid 19 strain hits hard on world markets , then btc is going to dump to 19500-20000 level again. as we know 20k level is psychological and historic breakout level. this level is going to act as very strong support if price reaches this level. BTC is trading in new price action area. here supply and demand zones are very fragile. nothing is certain, bulls and bears may dominate each other very easily. and in this price area there are many weak hands buying and holding btc , any sudden crash or pump may trigger for profit booking and hard sell off. proper money management and capital allocation is strictly recommend here. Our Altcoins long trade setup worked great, many traders personally messaged me and thanked for idea. many more profitable trade setup coming soon. dont miss tht Thank You for appreciation and lots of Love. Thanks for your support! If you liked this analysis, please support our profile with a 👍 and follow us to get a new daily analysis. This trading idea has been presented to you by ROHITWORKSS
Long
by mbn_global
💎 BTC : New Levels Formed on LTF, How to Trade???Hello Dear Traders, (Crypto Market Cap : 670 Billion , BTC Dominance:65.8%) As we are watching massive bitcoin rally after historic breakout from 20k. in last post i mentioned that bitcoin must cross 20k within 7 days when it was trading 19200$. as expected things happened and btc crossed 20k within 7 days. in last 2 days btc created new zones on 4hr timeframe which is very important in terms of trading first demand zone is from 22400-22700 ,whenever price will come here its going to bounce, second supply zone was from 23000-23400 bt today its now converted into new demand zone. and third supply zone is 23900-23200, which is fresh supply zone ..sellers are selling from 23900-23200. the way btc is moving i don't think so 3rd supply zone will work in next retracement. bt u have a close look when price reaches in this supply zone , if price struggles in 3rd supply zone then u can short the bitcoin with short term target of 23000-23400. everyone is curios where btc will get hard stop, my view on this is in every market there are some psychological levels like 5000,10000,20000,25000 i m expecting wherever btc touches 25k ...heavy selling we might see. till trade carefully prefer LONG only positions whenever btc touches demand zone. our previous alts trades are going great. please have a look on our tradingview account.
by mbn_global