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BTCUSDC trade ideas

A brief update on BTC.I know, I know. I'm sorry, it's pretty confusing. I usually don't like to leave it like that either. So let's try to understand all of that. First, the averages indicate a correction of 6.84%, reaching $ 8,292. Be careful if you are thinking of entering now so as not to catch this falling knife. Soon after, everything indicates that we will have an increase of 25.39% raising the value to $ 10,439. What do you think? // If you like the script I'm using, comment below that I send.
Short
by EricksanPimentel
Same Trend That Marked Start of Bitcoin’s $10,000 Run In 2019 IsAfter a nearly 20% surge last week, Bitcoin’s weekly candle on Sunday evening closed decisively green at $8,900.This marked the seventh consecutive weekly gain for BTC, which has posted stellar performances ever since the mid-March capitulation lows.Although the seven consecutive weeks may mean nothing to readers, it is a strong technical occurrence that may signal that even more upside is on the table for the months ahead. Zack Voell, a market analyst at CoinDesk, recently noted that Bitcoin closing its seventh consecutive weekly gain hasn’t happened since April 2019, when the last bear market ended.This would suggest that should history repeat itself, the cryptocurrency is on the verge of yet another bull run. Adding credence to the idea that Bitcoin is on the verge of a bull run is the fact that eight days away is the block reward halving, estimates suggest.Some are under the belief that the halving may actually cause a crypto sell-off, but there is growing evidence to think that this is not the case. Namely, there is a Google Trends and an anecdotal correlation between the Bitcoin halving and the public’s propensity to buy BTC.Once the halving comes to pass, the number of coins issued per day will be cut in half, decreasing the amount of Bitcoin supply on the market. Couple this with a positive demand shock and prices should theoretically increase over time, but maybe not instantly. According to an in-depth analysis of Bitcoin’s consecutive weekly candles by a prominent cryptocurrency chartist and technician, last week’s rally suggests BTC should post gains this week too.His study suggested that when the crypto has registered seven weeks of consecutive gains, there has always been a rally in the eighth week. The following message was shared to his Telegram channel on the matter:“We are currently at 7 consecutive green weeks. We’ve never stopped at 7 before. We have stopped at 8 three times.”This optimistic outlook can be corroborated by more traditional technical trends. One well-known trader remarked that there is a strong confluence of reasons to be short to medium-term bullish on Bitcoin at the moment.The confluence of reasons, which some would dub a “perfect storm,” is as follows: The funding rate on BitMEX, which is the amount longs pay short, and the premium index, the difference people pay for Bitcoin on BitMEX vs. BTC’s index price, are “still negative.” This suggests longs are not yet overleveraged. Bitcoin is trading above the yearly volume-weighted average price. BTC is above the 200-day moving average. The one-day Ichimoku Cloud has flipped bullish.
Long
by arlene_
What we had so far?Market daily update: - CME gap closed: 1 more CME gap to be aware of below 12k. - We have reached critical resistances area: A retracement off it should be expected. - We might close monthly above the last monthly candle with very nice volume: With enough liquidity this can actually start the next bull run phase. - We are above all Mas, volume keeps on rising (Still very low), OBV keeps on rising to better and better levels, but everything is overbought… This means that the trend up should continue, but what will indicate next moves should depend on: going sideways, indicators reset, and overall consolidation below the critical resistance… - Price might move a bit more up (Towards the 8300+/-) , but a pullback/correction is more likely to happen (either before that or right after). But do remember, many times what is to be expected isn’t working out why? Because price goes against the unexpected, liquidity comes from wherever they can fuck up people. this move to close the gap fucked a lot of people, groups. My personal short was stopped yesterday but with a strict SL. Our group on the other hand kept on collecting profits. Sometimes you win some, sometimes you lose some, you can’t really control it, what you can control is your losses, if you don’t have strict portfolio management and if you don’t have the psychology to know your limits, then this market isn’t for you! Always go by your plan!. - Overall conclusion, I personally still not fully bullish, as I said on last SA/FA update I will be fully bullish only when we pass 10500 followed by trend and real volume and OBV support behind it. Despite me being not fully bullish it doesn’t mean I won’t act accordingly to price movement, in the end no one can “predict” market, we can only act by it, and protect ourselves with how we trade. • Bullish move should look like something like that (after consolidation, and after indicators rest a bit): Which means that we will use the daily cloud and the e200 as a strong support level to bounce from the s/r level and suppress the critical resistance levels. • Bearish move should look like something like that: Which means that if we pass below the daily e200, then we enter the cloud, then we will rest at e50 before we continue to the lower part of the cloud.
Short
by Hedgehog_king
Big moves are coming?Hey guys, Hedgehog King is coming back. I have a lot to update and get updated on. I’m sure you’d like an explanation to my disappearance in the last 5 weeks: - Since the beginning January of this year I had deep chronical depressions due to harsh life events/difficulties (Which was the reason why I acted so weird this year and wasn’t as active as I was before, it started very bad for me). It was hard on me to tag along and be with you, mentally. I tried to do my best when I could, but I gave up on myself as it got worse towards the end of March with my computer data wipe out and with my GF being hospitalized due to her harsh illness (not corona, thankfully, but other chronic illness which got worsen up to the point of a threat to her life). - Difficult times bring difficult decisions, and I had to sacrifice some of my life activities – (Yes, my community as well) to focus on myself, and to be with my loved ones. Due to these events I had no way of getting online as well for the past month, but here I am again. - I want to apologize to all who I disappointed/worried. I apologize especially to Bob, because due to the Corona events we had to halt our premium service, and he counted on me to get things back in control, but I bailed out on him with my disappearance. I deeply regretted it, but I knew he could handle things for a while. - I will do what I can to fix things out. I don’t intend to delete/give-up on my main profile as I want to stay true to myself and to anyone who is going to follow me, nor on any of my groups for the same reasons, I will measure the amount of damage which I have done and the after effect and will recover, rebuild, and will achieve what was my first goal: to create a place for free knowledge and a good place to hang out in anything related to Crypto. • I am personally recovering, depression is still there but I’m managing slowly and surely, my love is home and safe now, and I was able to restore some of my lost data after working on it for a long while. • I do wish you all to have strong wills, and health, and mostly- happiness. I hope you can give me another chance to make it up to you guys, I never meant to harm and especially not to leave my fam’ permanently, I just was on a brick of collapse, seen only peach black, and couldn’t really deal with anything, I’m sure I was wrong to disappear like that but I just couldn’t bring myself to put some words on my struggles, and this depression caused me a lot of damage in RL as well. • I’m currently going through every PM I received, and I will answer all questions forwarded to me in PM and in the groups, also I will be highly active and will go through all activity which I missed out. • I have a lot of catching up to do and a lot to organize, and after re-evaluate everything I will announce my next moves.… _____________________________________________________________________________________________________________ Meanwhile though, I collected some of my thoughts of the day on the market, shall I start with some TA/FA/SA 😉?: - SA/FA: Market recovered pretty fast from this crush. But is it really a recovery? No one can know for sure… 1. Economy: We have uncertainty about this entire world WhoVirus, and no matter what is the truth, the economy got hit badly, and the after effects are far from over, in-fact I think this is just the beginning, with Oil crush, the USD hyperinflation, and the overall crisis in the economy due to the lockdowns we are going to see (Already seeing) riots, businesses collapse, banks shutting down, maybe even war?, and more… each of these brings big after effects and to protect yourselves it’s important to have assets, especially metals such as gold/silver. But will BTC thrive in all that mess? I don’t think this is the safe heaven where rich people/industries will run to, sure they will hold some little percentage of it just for the fun of it, but not as a real security protection. 2. Trending: On the other side I seen more traffic of people on some social media pages related to Crypto, so my guess is that this happens due to the incoming halving, but is this enough? I’m not sure, because google trends doesn’t show any changes, isn’t this weird? Well this is accumulation phase, people are buying BTC because they are sure that halving will kill it for them, but I think that those who really moving the gears behind the scenes just waiting for more excitement before they crush it ones again as history showed us. 3. Sentiment: Sure it looks like fear/greed is 27 and looks more positive by the day, BUT!, from some analysis I have done I came to conclusion that traders are further net-long than yesterday and then last week on BTC, and way more net-long then net-short on ETH, and still more net-long then net-short on XRP – I think ETH will lead this fall, we will see some sort of crush/correction in the near week/two (which will also be very natural to the last price movement in the market), and depends on the sentimental reaction to the correction we should know if we gonna drop further or not. 4. Overall: I don’t see Bitcoin holding a rally, not atm (despite the incoming halving), not for the past year and not yet this year (part of the reason why I was mostly bearish last year and got most of the critical falls), every-time there’s a rally in BTC there is somebody selling into it, there is a major supply overhanging this market (Yes, still), and those who are selling are patient, they selling between the rallies, and eventually will sell between the dips (Maybe already happening since we hit that 14k), and I still think there is a lot of time before the halving effects will really come into effect (5-7 months), so for now best thing to do is accumulate BTC despite the price (Which is what I’m doing on my long term portfolio), and focus on shorting it in trades (Which is what I’m going to do now and between rallies), I won’t be convinced that this is a bull run, not until we pass the 10500 followed by trend and until we see real volume and OBV support behind it. __________________________________________________________________________________________________________ - Some simple TA: 1. We are right above weekly e21, and we might see 1 more strong candle towards the 9300, but the volume is too low and getting lower from week to week, it suggests that we need to see a pullback. 7 green candles is enough reason to focus on shorts. 2. We are currently above daily e50, and right under daily e200, from my perspective if we suppress e200 (7870) then this would be strong push up towards 9300 before the next correction (This will also move some indicators such as RSI to overbought), a rejection of the e200 will bring us back to e50 (7270) which is also the daily cloud, this should be a very healthy and good correction before the next move. 3. We have very low volume but OBV continues to surprise me (on both Huobi and Binance), my problem with OBV atm is that against Tether I don’t trust it but Tether might lead this push so I can’t know for sure… it shows that even if we are going to see the correction, we might have enough buying power to push back up right after and easily push (and maybe even suppress) to 9300, before that the ones who led this move towards the 10500 were Asia (Mostly Hubei), but now it looks like the ones leading this move are the west (Mostly Binance). • In overall, to me it looks like on the short term (few days-2weeks), we might see another push up, but we most likely going to see a pull back either right after or even in next few days. • The mid term is very bullish, but real bull run for me will only be after we suppressed 10500 with enough confirmations, I do think that we will see at-least 9300 before the crush (I also suspect that it will happen either right before or during the cross of the daily e50 and e200 which should be bullish, but might play out as yet another bull trap). • The long term, after the crush from 9300, BTC will either enter an accumulation phase, or keep going down for a few months, and only after 5-7 months we will start seeing the real effect from the halving to start the next bull run, suppress 20k, and continue towards 35k-45k (First destination, we might continue to second destination to around 80-120k… • I shorted it from 7745, and sl is at 7845, first TP is at 7375.
Short
by Hedgehog_king
8
Short Term bitcoin analysis (hour)Bitcoin has been in an upward channel which began at the close of the trading day of March 13 which is banded from top to bottom by about 1400 points. From the above point of view it clear to the naked eyes that Bitcoin is in an uptrend but there is a caveat to this bullish nature which is the trading day of march 12 which opened at 7940 and closed at 4778. Since march 12 Bitcoin hasn't closed below or above this prices(7940 and 4778) but because of the bullish channel which I point out, the fundamentals that favours crypto currencies at the moment and price action analysis which is a relative long term view my bias is bullish on Bitcoin. The big question is where will/can you buy? In the past 3 days Bitcoin has traded in a range (High 7764 low 7380) and with the long term bias as bullish the best area to buy should be at the low of the range which is 7380 area or 7100 area (this is because there is a strong support zone at this level and if the market makes it to this price area then it is an ideal zone to buy) If price should close below the lower band of the channel I analyzed above then the bullish run might be over. Please note: this is not a financial advice but my personal understanding of the bitcoin market.
Long
by i_amTOC
2