FXBTCJPY trade ideas
8 Reasons(from tech. and fund.) to buy BTCI'm using BTCJPY charts because many Japanese are recently involving Bitcoin trading because they are know about it by the television advertisement(like bitFlyer, Coincheck, DMM Bitcoin). So I think Japanese Bitcoin market has big influence in the world.
By the way, despite the correction trend in the BTC market(or someone says it's time to finish of bubble economics because BTCJPY charts looks like scary H&S and fear phase), I think we should buy BTC. I have 8 reasons from the technical and fundamental.Here is the list of why:
1. Look at the Godmode Oscillator. One area that is filled by aqua color, that will cross zero line. And two lines are also turned into bullish but staying bottom.
2. In the area near 1.2M JPY, it has more volume than other price area. Therefore, this area is could become the bottom of this correction.
3. When BTC price go down to $1M, volume is increased. Also VIX indicator color filled by green(that is one of the buy(sometime sell) indicator). $1M is the big psycological line because it is the good place of cut off numbers.
4. Look at the trend line. Current price is hitting long-term trend line that is measured from August 2017, so it's difficult to break this trend line.
5. Current correction was declined at -1SD(only one or two days hit at -2SD but after several days it is back to -1SD), so bearlish almost exhausted.
6. Fibonacci retracement reveals major trading areas, and currently we're in 0.786~1 area and hitting 1, which is the bottom of this area.
7. Recently, Coincheck that is one of the biggest Bitcoin exchange in Japan was stolen about 530Mn USD. Maybe everyone knows this misfortune news but still it has not huge bad affect to the market. After several days, Coincheck is decide atonement to the customers from their own funds. So this decide is relief investor little bit and let BTCJPY price to more higher.
8. Current price is hitting to -2SD of Liner Regression. So BTCJPY price is difficult to go down from this price.
There are all of my reason to buy Bitcoin. Thanks.
If you have a target, set TP to 1.8M or 3M. And set SL to 0.9M. Entry point is maybe should set to 1.2M.
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DISCRAIMER: This analysis is not advise nor guaranteed, so please invest your money by your excess cash and your decision.
P.S.: I'm Japanese and was stayed in US for a year so my English skill is not so good,but please forgive me.
Bear exhausted... Bulls should takeover from here!!!Bear exhausted... Bulls should takeover from here!!!
Bears exhausted.... BTC goes higher from here !!!1. Long term upward trend line and 0.382 fib holding price as strong support
2. MACD 4H crossover supports bullish movement.
3. Bears exhausted
4. No short term bad news
Possible alternatives:
If price crosses upward trend line, please don't follow this idea.
50 day SMA getting closer to 20 days SMA, if crosses then bears might get momentum.
BTCJPY will touch the bottom againI don't know why this crypto pair having my attention, I hope this will kiss the bottom and will bounce towards first level of fibo.
BTC/YEN at resistance of 2,000,000 JPY possible break to upsideIf resistance is broken, we have a target of equal to the height of the triangle about 2,000,000 JPY.
Stop 1,853,000 JPY
UPDATE - HOW DOES BITCOIN DO IN ASIAN SESSIONLooks like there is a lot of movement for the JPY Bitcoin pair in the Asian Session
BTCJPY 15M ASIAN SESSION SHORT TRADEHow has the BITCOIN/YEN pair done for you in the Asian session.
Comment below if you trade any crypto currency during the Asian session.
What works for you - share in the comment section below.
btc/jpy might fall through the cloud on hourly.btc/jpy might fall through the cloud on hourly.
maybe deadcat bounce on 200 ema for 1h.
2hr says its ok still.
BITCOIN - Which international Pair is BESTThe currency pair you trade (BTC/USD, BTC/CNY, etc) does not need to be a habit or a consequence of nationality, but a decision you review at least once a year. Bitcoin makes it easy to change your instruments and broker/exchange. The most commonly traded pairs are BTC/CNY (Bitcoin/Chinese Yuan) and BTC/USD (Bitcoin/US Dollar). Most banks and merchants accept either and there is liquidity in these currency markets, meaning you can get in and out of BTC/CNY and BTC/USD with relative ease. The trader’s choice of currency may also be based on practical considerations: it simply depends on what is more convenient for you. For example, if you have a GBP-based bank account then it’s rational to trade BTC/GBP and withdraw the fiat without having to pay fees on exchanging, say, USD to GBP. Cryptocoin News 15 March 2015
This is How a Full Time Pro Trader makes PROFIT!As long as price stays above the 50 ema there is a bullish trend. Pull backs to the 50 ema are entry points. Tight SL under 50 ema. How would you make re-entry trades on this bullish trend for the BTCJPY. Leave a comment below about your trade idea.
Bull or Bear???This is my first post on trading view.
I observe trending lines are telling a lot for short term trading now a days than fib........
waiting for the price breakif the price breaks at 467659.45, it will move up to 732432.15
but if the price breaks at 366313.70, the price will move down to the previous support at 214920.38
Chart differences between Bitfinex and BitFlyer Chart differences between Bitfinex and BitFlyer : Does leading exchange has changed?
(sorry for my short english first :)
Originally, it 's fair to say that Beat FINEX is the leading exchange.
But the difference between bitfinex BTC chart and BitFlyer charts is clear.
The bitfinex BTC chart seems still under the beartrend line yet
BitFlyer chart is already breakout the trendline and appear to be in retesting process
I am curious to find out the trading volume as follows.
www.coinhills.com
This is a site showing BTC trading volume statistics.
According to this, as of September 22,
1. bitFlyer 29.62%
2. Bitfinex 13.20%
3. coincheck 9.87%
In order.
Recently, there has been a lot of talk about the Chinese capital flowing into Japan due to the close of the Chinese exchanges.
The rumor is the fact that the news came out after the money and became a fact
In fact, Japan's trading volume has risen so much.
Also, Bitfinex has now stopped trading to US citizens.
This led to the hypothesis that leading exchanges might have changed
Bullish's opinion is that it is already on its rise course.
Thank you for reading
and It would be appreciated if you leave any feedback in the comment.
Bitcoin Short SqueezNow short interest accumulates what it was just before 8/1 hard fork. When short squeez kick in, this is what will happen again.
