MH for indiaI am a young trader in tamilnadu .I am technical analyser. I had 2year experience in market.
BITCOIN_XBT trade ideas
Bitcoin crashes to three-month low after China sparks sell-offToday's Cryptocurrency Prices by Market Cap
The global crypto market cap is $1.65T, a 18.62% decrease over the last day.
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The total crypto market volume over the last 24 hours is $335.05B, which makes a 69.47% increase. The total volume in DeFi is currently $32.87B, 9.81% of the total crypto market 24-hour volume. The volume of all stable coins is now $277.40B, which is 82.79% of the total crypto market 24-hour volume.
Bitcoin's price is currently $37,377.36.
Bitcoin’s dominance is currently 41.81%, an increase of 2.26% over the day.
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Swing Trade Update: Long BTC ETFA momentum breakout strategy designed to capture short-term trends.
Long entered on 03-Mar-21
Buy Stop @ 2091.19
Stop Loss @ 1985.82
Cut losses early, let profits run!
Never risk more than you can lose.
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Legend:
RZone:= Resistance Zone (Blue Dot)
SZone := Support Zone (Red Line)
Entry Rules:
1. Place a Buy Stop at the RZone level.
2. If Buy Stop is filled, place Stop Loss at the SZone level.
3. If orders are not filled, cancel orders at the end of today's trading session.
Exit Rules:
1. At the end of the today's trading session, adjust Stop Loss to current SZone level.
Swing Trade: Long BTC ETFA momentum breakout strategy designed to capture short-term trends.
If prices can break above short-term resistance @ 2091.19, we should see higher prices.
Buy Stop @ 2091.19
Stop Loss @ 1910.49
If orders are not filled, cancel orders at the end of today's trading session.
Cut losses early, let profits run!
Never risk more than you can lose.
-------------------------------------------------------------------------------------------------------------------
Legend:
RZone:= Resistance Zone (Blue Dot)
SZone := Support Zone (Red Line)
Entry Rules:
1. Place a Buy Stop at the RZone level.
2. If Buy Stop is filled, place Stop Loss at the SZone level.
3. If orders are not filled, cancel orders at the end of today's trading session.
Exit Rules:
1. At the end of the today's trading session, adjust Stop Loss to current SZone level.
BITCOIN HEADING UP It appears that Bitcoin is being used to hedge vs the US Dollar crashing.
$84,000 is certain in sight and who knows it could get to $100,000 sooner than anyone might of thought
I still think that BTC is too volatile for my liking and therefore I've stayed out. I've been happy to avoid FOMO.
I think that many will profit from a possible further charge north. But there is also still a risk that it BTC could reverse significantly.
Comment: For anybody trading an inherently very volatile instrument like BTC (and others such as exotic currency pairs), the big issue is loss control.
Let's look at the bitcoin chart from the bigger picture. E.g. on the weekly chart. As you can see we are in the phase above the middle band and if we continue to rise like this without getting a correction of 20 or 30% then the bull market is going to be over sooner than many think. Personally I would like to see a big correction for Bitcoin .
As you can see from the daily chart , Price is respecting the Fibonacci Extensions and Retracement. The way to $100k is now clear and I would say it will happen quite soon. #bitcoin #btcusd #bitcointrading #tothemoon
Bitcoin still looks very strong. Liquidity has been taken or in other words the weak hands have been shaken out. Bitcoin is again ready for the next move. My next target is $59,264
Step by step we are heading towards $100,000
Trading Signal:
There is a Trading Signal to Buy in Bitcoin BTC
Traders can open their Buy Trades NOW
* Wall Street supported by rise in cyclical stocks * Longer-ter* Wall Street supported by rise in cyclical stocks
* Longer-term yields climb, 30-year TIPS yield goes positive
* Gold hits a seven-month low, oil prices slip
* Bitcoin hits $1 trillion market cap
(Updates to close of U.S. trading)
By Saqib Iqbal Ahmed
A gauge of global equity markets snapped a three-day losing streak to inch higher on Friday as investors sold technology shares and rotated into economically sensitive cyclical stocks in anticipation the U.S. economy will boom on pent-up demand once the coronavirus pandemic is subdued.
Oil prices fell from recent highs as Texas energy companies began preparing to restart oil and gas fields shuttered by freezing weather, while U.S. Treasury yields climbed.
The MSCI's global stock index IACWI was up 0.16% at 679.74, after losing ground for three consecutive sessions.
On Wall Street, stocks steadied as cyclical sectors edged higher while tech names, which had started the session modestly stronger, reversed course to extend their recent decline.
‘More Valuable Than Gold'The Motley Fool has announced a $5 million investment into bitcoin as part of a long-hold plan to gain a 10x return on its investment over the next 15 years.
As the fifth-largest investment website globally, with over 45 million unique visitors in January alone, The Motley Fool’s positive outlook for the future of bitcoin is another data point in the coin’s journey as an influential advisory organization wades into the debate.
This move is much more than merely a one-off investment into bitcoin, though. The Motley Fool is a respected voice in the world of investment – essentially a crypto influencer. By adding the coin to its 10x portfolio alongside 39 other stocks, Motley is essentially backing Bitcoin as a strong long-term hold to an audience of millions that includes plenty of investors.
Heading towards 387.5.It can give a sharp upmove from there. The chart is on 4 hours time frame derived from monthly chart. All the lines will be very very important.
Rise and then heavy fallIn my opinion, this chart will reach 700 despite the ups and downs, and then it will suffer a heavy drop when it is purchased.
Bitcoin_XBT: 380kr TargetFirst off don't take anything I say seriously, as always this is on opinion basis and not meant to be taken as financial advise. That being said, let us get into my insights. I think realistically for a short target i.e. by May 8th, a 380kr price target for Bitcoin_XBT is feasible with medium risk, meaning it could potentially be a good pick for this time period. It looks like we are following an uptrend or its next positive correlation wave.
Bitcoin could collapse or hit new all-time highsWatch bitcoin after the next halving, scheduled for may
