UnknownUnicorn2547327

UnknownUnicorn2547327 Updated 

Similarities. Stay safe, traders.

UnknownUnicorn2547327

Potential head and shoulder pattern forming. If price rises here, 7800 and 8000 resistance are very strong, so not too much profit. If neckline is broken (7200), then according to my last analysis price will most likely dump, and the next 2 levels to watch will be 7150 and 7000 Stay safe, traders!

UnknownUnicorn2547327 Updated 

Dead cat bounce. Not the mooning massive move we are all looking for yet. VWMA still is below SMA => still in a massive down trend. *For some odd reason the TD sequential indicator shows a 9 on 4h chart of XBT/USD on Bitmex (I have tried every other TD indicators and exchange and only this shows a 9) Short opportunities at around 7800-8000 Stay safe, traders!

UnknownUnicorn2547327

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UnknownUnicorn2547327

Dear day traders, All indicators showing massive oversold right now. However we are in a down trend so I only recommend a quick long. ie taking only ~1% Stay safe!

UnknownUnicorn2547327

I would be very surprised if this is it guys. Still in the bear trend overall. However this is a good time to go short. Stay safe traders!

UnknownUnicorn2547327

Dear day traders, I would say it is a good time to get an entry. Both the SMI and RMI show sign of an uptrend. Just a warning that this might not be a profitable long because although we made a higher low, there is no guarantee that we can make a higher high this time due to the 4h chart showing weakness overall so make your own decision. I am already in a long...

UnknownUnicorn2547327 Updated 

Dear traders, So we bounced off of the 0.5 retracement level and now underway on the up wave. However, we cannot escape this big down trend unless 9200 is broken. Another failure will form a double top which is just terrible. Now we need to watch this triangle and the 2 resistance levels very very closely. Be hopeful and stay safe traders! Kidze

UnknownUnicorn2547327 Updated 

Dear traders, As I mentioned before the 0.5 fib retracement level (8246) was an important level to watch. Indeed we bounced off of it and thus forming a higher low on the 2h and 4h and very likely the daily chart as well. However we have to keep in mind, this bull run HAS to break the previous high, which is 9200 . Otherwise we will form a double top like...

UnknownUnicorn2547327 Updated 

I admit I was a bit bullish in the last idea. Luckily I came to a decision of placing a stop loss at 8500 back then, just woke up panicking but relieved that i placed a stop loss. Back to the chart, big picture here, 4h chart shows a down trend. We are in a DOWN trend. And I prefer to think that this is a pull back to gain momentum. If that is the case, Fib...

UnknownUnicorn2547327

Dear day traders, We are currently having a bull break

UnknownUnicorn2547327

Heikin Ashi chart shows up trend on 1 day with strong bull candles (no lower wick)

UnknownUnicorn2547327 Updated 

Money Flow index increasing signifying some upcoming buy volume

UnknownUnicorn2547327

Looking at the indicators we are losing momentum, finally BTC is making a small retracement as I said from previous ideas. We will see if the RMI reverse and go back up over 50 level, because in the 4h chart everything still very healthy. we will confirm in the next few hours if BTC is truly forming higher lows and 8800-8600 is a strong support area. If we...

UnknownUnicorn2547327 Updated 

Heiken Ashi chart on both 4h and 1-day chart validated a bull trend. Looking at indicators across both time frame, Relative momentum still holds above 50 and Money Flow Index still maintains a positive slope overall. _1st scenario is we slowly break 8600 and make it a support level (less likely since intraday charts has shown some overbought signals) _2nd...

UnknownUnicorn2547327

Dear day traders, 1h chart still looking healthy, we have been making higher lows which in turn has formed a clear support line. All indicators also support a strong buying momentum. Significant falls will occur after the 8200 support is broken so I recommend place your alert around there. The 8600 resistance line is still very strong in the 1h, I do not...

UnknownUnicorn2547327 Updated 

Dear day traders, RMI still above 50, as I have commented on previous idea, the price will only go down when the RMI shows a massive negative slope. Money Flow still confirms solid buying power. Still, the 15min chart already signaled some weakness. I would still hold on to BTC position and have a stop loss at 8090, but I don't advise against going short now. I...

UnknownUnicorn2547327 Updated 

On a bigger time frame we are still in a massive bear trend. If we ever fall down again the next major support is at 7400 - 7200. HOWEVER, looking at the still rising Money Flow and the RMI still staying firmly above 50, I highly doubt we are going to fall any time soon. The buying force is not exhausted yet, at least not until the 8100 support line is...