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Bitmexfunding

Where will we go, we always know - A XBT love storyBoxes, people, boxes! Look at my boxes and be embarrassed you did not realize to put horizontal rectangles in the same place that I did. It has become clear to me that my boxes are dictating price action. Feel afraid? Confused? Read on, you weary soul. I believe there's a chance that price will move down a bit into the developing VA (the blue lines you see on the main chart series). It'd be a good buy, even here under $10,600 is not bad. Target is upper box/weekly VWAP. Stop determined by risk. Risk more, put a stop on the top of the bottom box. Risk less, somewhere within the box. Even less risk, buy here + hedge, put bid orders all the way down to $10,400. It honestly looks like it's not going to dump at all...
BITMEX:BTCUSD.PLong
by NeoButane
1
BULL MARKET 2020 ADVICE: BUY THE DIP OR BE LEFT BEHIND (swing)This is a SWING trade: meaning dips can happen, it's about the targets and adjusting along the way until I've reached them You can change your short term plan, but never change the short term goal or the whole plan already failed before it started. Think about it, people with university degree's don't change their plan for the test because they get anxious or emotional. (as best they can) THEY STICK TO THE PLAN AND THINK WITH LOGIC, BECAUSE LOGICAL THINKERS OUTPERFORM DEGERNERATE GAMBLERS. Last post until my goal has been reached, see you at 12100 where the bulls will need to push hard to break the resistance level to push to higher 0.618 fibonacci level (13337) target, followed by target (13800). Are you bullish or bearish on this $BTC dip down? COMMENT BELOW: Cheers fellas.
BITFINEX:BTCUSDLong
by Yurlo
9
THE BOTTOM IS IN IMO - PERFECT RETEST TO BREAK 12.5K (or d00m)Good evening folks -Yurlo Hit that like button for me if you appreciate my charts, it means a lot 👍 In the past week we've seen volatility from BTC not seen in quite some time prior to the 10.5k resistance break back a few weeks. As you can see the uptrend from July 26th is still INTACT - the bottom is in IMO. I'll be holding all the way to 13.8k (Fibonacci level 0.618 is @ 13337, so thats the first target before 13.8k, and of course we'll see pull backs) Daily close in an hour & 5 minutes, if this does break 12.5k in the near future, idk if I'd want to miss that train. The choice is yours, decide what you feel is the best move and stick to it. Your TA reads the market, don't let the market get into your head/emotions and trick you into reacting to price action based on your brain. (the market is literally designed to make you see things a certain way) I'll see you folks at 12.5k, followed by 13.3k, then tp #3 13.8k. Enjoy the rest of your night folks, remember to stick to your trading plan.
BITFINEX:BTCUSDLong
by Yurlo
14
BTC- New trend in the development...? (sentiment, liquidity)BTC is off to the good start this year! Can it last though? I will spare you the head and shoulders bottom. Let's focus on the sentiment analysis because I think it provides important clues for the potential trend reversal. It is good that BTC broke out of the 6 months downward channel with above average volume on the daily timeframe and also managed to bursted through two resistance lvls in the process. Both are good indicators of potential trend reversal. This price move will be more convincing If the price can manage to close the daily above 8.2k to 8.3k On the fundamental side, Iran news and all-time high hashrate might have something to do with this price spike or it might be the pure technical move. It is still too early to rule out the possibility of liquidity raid even though I suspect most of the shorts at this lvl have been taken out already during last year's Oct price spike. Quick glance at the latest COT report about CME futures indicates that institutional players are still overwhelmingly net short, which indicates the ongoing distribution process. I am waiting for the Bitmex funding rate's green bar to go higher, which could signal the potential bullish sentiment. Backwardation suggests that investors still believe that BTC price will keep going down. Again, bummer here. That being said, it is worth noting that all these sentiment indicators are lagging so it is better to check them again next week if the price momentum continues. I will pay attention to the open interest and volatility and be wary of any big orders in the orderbook in the upcoming days. IF BTC can manage to attack 8.8k to 9.2k and consolidate around that price range, then the bull reversal might be on the horizon. If the price stalls around 8k, it could be a good time to buy on the pullback. Oh! Iran just fired missiles to US bases! If you buy into the notion that BTC is the digital gold and is uncorrelated to the stock market (we could use more evidence on the correlation), then that is one more reason to be bullish on BTC.
BITMEX:BTCUSD.P
by Libratus
2
Bitcoin is ready for a +50% pumpWelcome! I´ll keep this short but sweet, if you want full explanation on why I think we are ready for a big rally visit my Twitter, where I shit post a couple of times per day. twitter.com With that being said, key points: 1. underlying market dynamics - sentiment is universally bearish, everyone and their pet goldfish wants to short this thing, what does the market do? Well, usually it wipes them out of course - bitmex funding is negative, shorts are paying to hold their positions while PA is going sideways to up - from an economic standpoint this is irrational and will sooner or later result in shorts covering their positions 2. price action - we are moving inside a descending channel, which is a bullish structure that typically breaks to the upside - daily stochs are about to cross up and, more importantly, likely break the trendline - my moving averages are in a bullish posturing - there is plenty of reasons on why I think this is going up but, like I said, if you want more just visit my Twitter, I only do the basics here since I´m a lazy bum Price targets? - I feel very strongly that we will test at least the 200MA (55% probability) - a measured move of the descending triangle puts us at 11.3k-ish region (30% probability) - the third target is actually mind-blowing and while TA shows a way to reach it I give it a very low probability and won´t mention it just yet Do remember though, overall we are in a downtrend and every pump is by default a "sell the rally" until proven otherwise. Take care.
COINBASE:BTCUSDLong
by Mansasuma
2
BTC in danger of a complete meltdownDecided to do a little follow up on my previous idea (below, under "Related ideas"). It took longer than expected but we finally seem to be getting that downside move. 12h time - frame says it the best here really: 1. my MAs are having a nearly perfect sell signal 2. structure on the lower time - frames has been clearly broken 3. 9350 is the key pivot here, yesterday we closed below it and so far we are pushing off of it 4. when it comes to bitmex funding longs are STILL paying shorts and I imagine sooner or later a lot of the people are going to get either stopped out or are going to close their positions which could lead into a absolutely nasty sell off 5. I could go on and on.. As far as targets go I am looking toward the white rectangle and the 0.618 retracement. What I would really like to see is for PA to take out the lows of that whole consolidation around the 8k region and quickly go back up - that would imply a liquidity run for the bigger players to fill in their longs to ultimately send BTC to 11k and beyond. As always, nothing is guaranteed, have a SL and don´t be stupid. Feel free to follow me on Twitter as I post a lot of quality stuff there: twitter.com Take care.
BITMEX:BTCUSD.PShort
by Mansasuma
3