TRON potentially clawing itself up off the ground???After being down in the dirt for so long TRXBTC may be showing bullish signs for a potential reversal!
Slowly but surely TRX has been building an upwards channel which is now looking like it is turning into a higher TF ascending triangle pattern.
IDEAL bull entries would be break of triangle before re-testing to confirm support at 200SAT level. If strong support is shown will be looking
at candlestick formations to enter off bullish engulfing candles on 4HR TF.
Short term play is also possible if Darvis box is formed for internal trend trading.
TP's once triangle is broken, we would be looking at previous structure, TP's at 215, 226, 235 with final TP at 260 for full retracement.
If full retracement occurs, cup & handle formation may be a possibility for longer term bullish play.
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Bitmex
Bitcoin New High (Will It Hit Higher?)Bitcoin (XBTUSD) just hit a new high based on the 4h timeframe.
Prices for XBTUSD continue to trade above EMA10 while reaching new highs.
Slowly but steadily Bitcoin continues to grow.
If you want to look at a bigger/longer timeframe, click on the image below:
Thanks a lot for your support.
Namaste.
Daily analysis XBT/USD 012Hello Everyone,
Starting this analysis with the daily chart.
Local daily high at $7836.5 and the 0.618 Fib is still untouched, volume is not sufficient to break the resistance line drawn by it. Possible retrace in the works, but it's to soon to tell.
On the hourly chart we can clearly see that we are approaching the end of the flag pattern and entering the breakout area, this can be a make or break zone. Personal bearish tendency.
Follow us on live stream on Twitch for real time analysis and trading tools : www.twitch.tv
Bitwolf Capital hedge fund : bitwolfcapital.com
Some brief explanation on the tools used in our Twitch stream:
1 Leftmost columns - Last trades with a min amount of 50k - designed to show short term trend (can help scalpers)
2 Mid columns - Buy and sell walls - Unique tool that shows the order clusters at certain levels, we recoment dont to trade solely on this tool as fake orders come and go
3 Right columns - Combined orderbook - A unique view of 7 Exchanges with buy/sell levels and live orderbooks.
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April 28 BTCUSD Bitcoin Chart Analysis.
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for April 28th .
This is a 30 minute chart created yesterday.
Without much movement,
It ended in a sideways upward direction.
Days chart.
There was no resistance wire touch,
About adjustment
I have made a Trading strategy.
30 minute chart.
One way.
Short Position Strategy.
.
Instead, final , Short Position-> Long Position Switching Strategy.
If you break through the green parallel resistance line,
Strategy is invalidat.
Ignore the gap between weekends,
You can also operate it with a long position.
Instead, it's light blue at the bottom.
Do not, breakaway the parallels.
Each route and
Check the short position entry section / long position entry section.
Because the upward trend is strong,
Short positions are divided into short runs.
Thank you.
Orderbook analysisLooking at the Heatmap on tradinglite i can see some big orders on Bitmex at 7576, if we dont hold that theres some more support at 7480 for the short term.
We got sellwalls above on Binance at 7800, 7900 and 8000 at around 500BTC each.
We also have alot of really big buy walls around deeper levels so some might anticipate a drop to retest previous lows.
No financial advice, trade with caution.
For the picture i choose i can add:
Rsi isnt a tool you should rely on too much imho. Always use multiple indicators.
Wolfpack id shows a similar divergence to the run up we saw before the big crash.
Daily analysis XBT/USD 011Hello Everyone,
Quick look at the hourly charts.
Flag pattern takes shape more and more, with the pole on the 23rd of April, we're now at the midway between the top resistance(kinda strong and respected with 4 touchpoints) and the nearest support at $7627.
I see a short opportunity here, however with tight stop.
Follow us on live stream on Twitch for real time analysis and trading tools : www.twitch.tv
Bitwolf Capital hedge fund : bitwolfcapital.com
Some brief explanation on the tools used in our Twitch stream:
1 Leftmost columns - Last trades with a min amount of 50k - designed to show short term trend (can help scalpers)
2 Mid columns - Buy and sell walls - Unique tool that shows the order clusters at certain levels, we recoment dont to trade solely on this tool as fake orders come and go
3 Right columns - Combined orderbook - A unique view of 7 Exchanges with buy/sell levels and live orderbooks.
HIT THE LIKE BUTTON IF YOU LIKE OUR TOOLS AND ANALYSIS;
Macro Thoughts: Bitcoin and Halving 2020Volatility in the cryptocurrency markets have been a complete drag this month. Luckily, the quadrennial Bitcoin halving takes place in 16 days, on May 12 and should provide the next macro move. As the Bitcoin halving approaches, speculation on the halving aftermath is going to ramp up. Knowing this, it is important to differentiate between actual fundamental news and shilling . Today, on Macro Thoughts , we review Bitcoin.
Who Needs Strength?
We begin today with the weekly view on Bitcoin. On the charts below I am focusing on the differences in market structure in relation to the previous two Bitcoin halvings that took place in November 2012 and July 2016. I highlighted the approximate having dates in red.
At around each halving Bitcoin had established three specific market traits: higher lows, higher highs and RSI had been reestablished in bull market territory.
Looking at the chart above, you can see that a clear trend had been established in 2012 and 2016 along with at least one higher low and one higher high. It is important not to get hung up on the number of higher lows and higher highs established. No market is 100 percent identical.
Fast forward to the current Bitcoin price structure. Above, you can see that a higher low has potentially been established. However, unlike 2012 and 2016 there is a lower high. What does this tell me? To look at market strength to get more insight.
I like using RSI because it provides a clean picture of the strength and weakness of a market and for some assets you can clearly see how RSI levels differ within a bull market and bear market. You can see examples of what I am referring to below.
During the 2012 and 2016 halving periods, Bitcoin's RSI was reestablished in bull market territory, and had been for some time. Furthermore, you can see how during the period leading up to halving, the bull market RSI support level of around 52 was retested and respected.
On the chart above you can see that current Bitcoin RSI has failed to reclaim historical bull market territory. This finding supoorts the evidence of lower highs. Although currently at a bearish posture, there is still two weeks left prior to halving. This is plenty of time for the bulls to reclaim a bullish RSI level. Until then, the combination of lower highs and RSI should be a concerning. Bias: Bearish .
Place your bets...
The cryptocurrency markets are still very young and immature. It becomes even more evident around the halving period. The expectation is that Bitcoin enters a new cyclical bull market after the halving. What if this isn't the case yet? From technical analysis perspective there are strong arguments against any bullish case. Place your bets carefully in the coming weeks!
Bitcoin Bullish Update towards $8800#BTCUSD Update:
#BTC finally Breakout upward with high Volume and hit our Upper Target $7800.
we can expect Next Leg up toward $8800.
If we break $7750 Resistance then we can go $8800 as well as $9550.
$7750 is long term Strong Resistance level.
Support: $7350/$7150/$6750
Resistance: $8035/$8800/$9550
$7150 is last Support for Bull Market.
If breakdown then we will in Bearish Market.
So keep in eye in those level.
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Thank you so much in advance
BEST MOMENT TO HOLD BTC FOR LONG TERM -- NEW BULLRUN ON WAY! EXPECTING THAT THIS ARE THE BEST MOMENT TO HOLD BTC FOR LONG TERM.
its only waiting for the next whale , so btc will increase to 8.3K +
We see a very strong btc, that stable at the trend waiting for more volume, and yes i expecting that volume will come.. and bitcoin will increase to high trend.
--> i still follow the whale effect, MX trend 750 , what means it can breakout any time, there are some targets looks as the start of bullrun 2017.
personaly 100% long term.
# this is not an advice , trade on your way.
# omisego expecting a huge increase , founder of ETH did support with the whitepaper and more.
coinmarketcap.com
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