BTC in an active mid-term down trend/lower consolidation periodI'll keep it simple.
Weekly Time-Frame
10 SMA - Orange line,
21 EMA - Yellow Line,
20 SMA - Red Line,
Parabolic Sar - dotted crosses
The parabolic sar has printed on the weekly time-frame. I don't use SAR personally unless it is on the weekly which have a very high percentage of playing out. You can see every time the SAR has printed on the weekly, there was a sign of mid -term reversal. BTC has printed the SAR and I suggest, highly suggest you pay attention. The bearish divergence on weekly has been confirmed and usually when bearish divergence are active, you would want to see it travel back down to the 21 EMA.
The EMA death cross on the 4hr has become a meme, but nonetheless, it is playing out. Price will consolidate on the 10 SMA weekly with bounces here and there, but eventually it will break. The target is most likely the 21 EMA on the weekly and 20 MA on weekly. This is a sign of a healthy bull-market continuation of price if it can hold and consolidate on these two levels 21 EMA/20 MA weekly. They are the magnet in the market that will continue to push price further for a couple more years just like it has in previous bull markets. These are the areas of interest that many are looking to buy back for a longer HODL period on BTC.
If price does not hold on the 21 EMA or 20 MA, and closed a candle/open a candle below, that is a sign of disaster to later to come for BTC. Just to have confluences, 4hr is showing a "death cross" on the 50 EMA and 200 EMA while weekly has re-entered the CCI . After a massive run of 300% since March, it will need to consolidate for a longer period of time before it can make another run. The macro time-frame by all means is still in an active bull-market, do not confuse mid-term analysis with macro analysis.
So, how would you play this? Any rally for BTC will be sold into, and opening a short position will more than likely be in your favor because of the trend has reversed to the downside on the mid-term time frame. The blue box on the chart is the interest areas of buyers wanting to step back into the market. Wait for a weekly candle close AND open above the 21 EMA weekly, and that'll be your very very nice long for tremendous upside. Stop-loss under the 21 EMA, your risk reward is amazing at these levels.
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Bitcoin-trading
ETH/USD Correction is almost done - ABC (Will start buying soon)this is how I see it
i may scalp short a little bit, but Im mainly looking for an area to swing long soon.
theres GREAT SUPPORT between the .5 and the .618 Fib and I am looking there to close shorts and start laddering in long.
We are finishing wave 3 of 5 of this C wave... which I think could be a larger wave 2 of this entire bullish move since December so far.
Lets see how this goes!
First out of sample test of Kama TS v1.2This is a first test after the trading system parameters optimization.
The idea is to operate when the level of volatility is not too high but not too low either and when the average KAMA is substantially flat because we do not want the trade to be influenced by any primary trend.
This trading system tries to operate when the market is quiet, with average volatility and outside of strong trends that may adversely affect the operation.
At the moment we have 3 good trades and one open trade that is not going well but not yet closed at loss.
BITCOIN - Limited time, preparing for biger moveThe $10700 - $12600 will probably be the price range for next 14 (max.) days. Eather ways BTC will go out from the triangle, the range of the price can go 15-30% in no time.
A lot of action happed in the past. Since last LL price rise up for 270% in 207 days and that kind of movment we will see in the next coming months too, sooo....get used to it :D
Good luck all
Holo & HolochainHolo is the altcoin with the most potential for 2019, Mainnet - Swap HoloFuel - Holoports shipped - Technical fundamentals are perfect
ETN/BTC looks ready to break to the upside!Our Proprietary Oscillator is showing a positive divergence to price and suggests a big move coming!
Bitcoin - is it just a correction?Hey Traders!
Market is slowly sliding and we are speculating to visit 7000 area. That could be a place to consider a long entry.
If we break lower we gonna see a double top pattern completion and 7000 is our neck. Then a short entry could be possible on that neck retest.
What are your thoughts?
Enjoy the ride:)
BTC PUMPS CORRELATED TO DNM SHUTDOWNS?In this analysis ill be discussing the possibilities of a bull run trigger. I began contemplating why we would ever break 6K in the first touch and i think i have found my answer. In the past, the only thing i can place that starts a bull-run is attacking the major use case of bitcoin right now. As much as i sound like a boomer "bitcoin is used only for drugs" i think it for sure has something to do with it right now. The amount of money that is used in purchasing on those markets is huge, when one goes down all the users and vendors are affected. Losing money in the cold wallets, and escrow those buyers who have street businesses now have to go buy spot BTC regardless of its price.
Previous Shutdowns:
On OCT 1 13 SILK ROAD 1 IS APPREHENDED
PRICE: 128 - 1120
On JULY 20 17 ALPHABAY IS APPREHENDED
PRICE: 2XXX- 20000
ON MAY 3 19 WALL STREET IS APPREHENDED ( WHAT A FUCKING COINCIDENCE)
PRICE: 6000 - ?????
If we follow this pattern its always a 10x from when the market is shutdown, so 60k would be the price related to pattern.
Still solidly bullish! BTCUSD Set stop to 6640I'm still solidly bullish after milking this trade all day with astonishing leverage
Since the run has started to show some slowing I've halved my leverage and widened my stop to cater for possible retrace and continuation.
Has anyone else had a mad time trading this?