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Bitcoin (XBTUSD) bullish divergence (H4_RSI+MACD+OBV)BITMEX:XBTUSD In H1 & H4 timeframes it is possible to see bullish divergences in the XBTUSD (RSI + MACD + OBV). These divergences have been in formation for about a month and I believe that in the coming days we will see a bullish move of at least $100-$130 in response to this demonstration of weakness in the short-term downtrend. My expectation is to go long in the $3300- $3270 range if the price reaches that region in the next 48 hours, with target around $ 3400. A good stop-loss will be at $3225. If the price does the above mentioned move, it will be necessary to re-evaluate the whole scenario, but we can be right now within a Falling Wedge and that breakout coming at $3400 with good volume may give us hope to see bitcoin hitching a new climb up to the $3700 range . As mentioned earlier, the whole scenario will need to be reevaluated if that happens, the market is feeling weak and with little confidence so it is difficult to bet on big moves up in this moment. If you liked it, please follow me and stay within my analysis, let follow this idea together and see if it is reflected in a good trade with good gains.
BITMEX:BTCUSD.PLong
by LiuTrader
4
$BTC - #Bitcoin-Daily-Update #23 - Day Trader Explains Hello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update #23 What happened in the last 24h? In the last 24 hours we saw quite some movement. Especially after the last few days being very bearish, we saw and see still more downwards movement and expect it to continue. Nevertheless, we saw on altcoins and btc a mini bounce from its daily lows, failing to break important supports, yet turning the previous uptrend into resistance. This is going to be a very important topic today. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -2.44%, but gained 0.20% in $$$ down 84$ but up 7$ MarketCap? Total MarektCap is 113 Billion - -7 - Of which BTC is 60 Billion - -3 - With a Dominance of 53.4% - +1.2% - Volatility? The 30d avg Volatility is 2.77% - -0.8 - Shorts/Longs? Shorts - 25.5k (pretty low) Longs - 29.8k (high but solid) - S +1.7k/ L +1.1k - Funding? The last 3 funding rates added -> +0,03% - +0.0840 - Momentum? The TJ-Momentum is showing us a red cloud again, which is indicating us a drag and pull down. This might be important for the next days. -303 - -101 - Volume? Today and yesterday we are seeing a beautiful volume. Exceeding the MA and confirming our down-trending direction. Sure, very interesting to get into a short? - BOUNCE!!! TJ-MF/TJ-Stoch levels? TJ-MoneyFlow - Today, such as a few days before we are seeing red candles but a green money flow. This is making me wonder why and letting me expect a bounce to confirm previous support as resistance. TJ-Stoch K(blue) - 10.3 D(orange) - 21.6 Divergences? We are seeing an uptrend on the TJ-Moneyflow which is an important divergence against the down trending market structure. The shorts are increasing drastically. While the chart has not seen its full influence yet. Market Structure? We are currently in a descending channel. This channel has 3 important lines. Its support, resistance and its middle line. Right now we are moving within the lower half of it, leaving a lot of space uncovered and need to be closed. We are seeing today as well a little red bull-hammer which might be indicating our next wick or move upwards for tomorrow. Overall? Overall, we are still bearish. We are still going down and this close below 3434 is really a doom. At least for this week and the next days. Nevertheless, we can't be jumping on the short hype train too fast and shoring BTC to the ground. We have to expect a wick upwards and let it confirm, giving ourselves confirmation, that the previous support of 3550 and 3434 is now resistance. This area that is being opened in the lower half of the descending channel is quite big. Yet, 19 days without confirmation will not create us magically a 500$ candle which then will confirm the resistance. This will have to wait until the MF divergence is done and or we see a double bottom on the low 3k levels. What do we want? We want a test of 3333 and then a rejection at below 3.6k bringing us back down to low 3k levels. Position? Considering a small short position with staggers to the middle of the descending channel. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PShort
by KongTrading
BTC at critical support Zone. Pump or Dump?Recently Btc dumped and we saw bearish sentiment in market. In Chart all important level is mentioned. It is holding between 3350-3370 zone. If we can hold this level for few hours we will start moving to 3500-3550 Level. And also BTC will have to cross 18d EMA to be bullish. If btc breaks 3500-3550 level again Market will be green and alts will start moving up. We will have to pick alts in Dip. I will be sharing alts soon on telegram channel. But if we break down this 3350-3370 level, again it will take us to 3150 level. Btc will reverse from there and alts will also. You can also use these levels for bitmex scalping. Like this Post.... Follow Crypto Treasure..... Follow on Telegram (given in chart above)....... Happy trading.
by CryptoTreasure
FROM RIPPLE TO TETHER!REDACTED XRP INTRA-DAY BREAKDOWN What has occurred since our last INTRA-DAY BREAKDOWN FOR ETH ? ‘’TO CONCLUDE: - EXPECT SLIGHT BULLISH ACTIVITY TO 0.377-0.38$ - THEREAFTER, EXPECT A DROP TO 0.34100$ AT THE MINIMUM. - AT 0.34$ THERE COULD BE SUPPORT FOR US TO RETEST 0.41$ (MORE REALISTICALLY 0.39$ ONE MORE TIME). - THE BULLS ON XRP ARE RUNNING OUT OF MOMENTUM IN GENERAL AND UPWARD TARGETS IN THE LONG TERM SUCH AS 0.45 CAN ONLY BE ACTIVATED BY PEGGED PAIR BTC FINDING SUPPORT AT 3427-3610$ AND GOING ON TO TEST NECKLINE AT 4.4K :)’’ REVIEW: 1. We saw the increase to 0.377-0.38$ and price held below this level till the 10th of January before we saw a nasty final wick to retest previous supporting trend line at 0.40$. However, as we can see from our conclusion even this wick was factored in. 2. Thereafter, i stated that our first target to the downside was 0.34$ and this was achieved very quickly. With regular updates on our various channels of information, I stated that our second target would be 0.31$ and this would act as a support region. This was also achieved to the T! 3. As explained, 0.45$ was impossible to retest unless we saw bullish activity on BTC take us to 4.4k neckline. We will do the top down style analysis that you should have become accustomed to by now to look at possible price direction of the next move: WHAT CAN WE SEE ON THE DAILY CHART FOR XRP ? - Well, we can see that EMA 200 resistance now lays at 0.43$. None the less, the odds of us testing this price range is further reduced by the fact down trend line constricts price at the minute to a maximum of 0.377$ and even less to 0.35$. This indicates to us that this wedge formation is about to come to a close. Moreover, as expected, we can see that support was found at 0.311$ to the T and that at the minute on the daily chart MA is being used as resistance. A break below 0.311$ will lead to the nullification of the higher low concept that has been created since 0.25 and 0.28$ and in this scenario, it could be evident that we drop straight from 0.311$ to 0.25$ and 0.28$ major support level is invalidated. - Looking at our momentum indicators, we can see that after finding support at 30 level, we have failed to break above ascending trend line on this indicator, which was previously a supporting trend line and now seems to be acting as a resistance since making lows in price. Looking at our RSI/ROC indicator, we can see that 47 level is currently being used as resistance and historically this is normal. We may spend some time bouncing between 47-39 level on this indicator. WHAT CAN WE SEE ON THE 4 HOURLY CHART FOR XRP ? - We can see that EMA 200 as explained above realistically lays between 0.34-0.35$ and price action to the upside up and until this level are acceptable. None the less, as can be seen on our price chart and our various momentum indicators, bearish price action is holding huge influence at the minute. - Looking at our momentum indicators we can see that 60 level RSI is acting as resistance and currently we are nearly about to break out of ascending trend line structure on the RSI chart and like our daily chart, we should begin to use the previous supporting trend line as resistance. Moreover, on our RSI/ROC indicator, we can also see a rejection from 60 level and a drop towards 47 level is in play at the minute. Regardless, RSI/ROC is also showing us that an increase to 0.34$ and 0.35$ would mean that we would retest 80 level RSI/ROC and this would create perfect price action for us to destroy through 0.311$ support and even more so a break through 0.28$ support in order for us to reach REAL support at 0.25$ once again. WHAT CAN WE SEE ON THE 1 HOURLY CHART FOR XRP ? - We can see that EMA resistance has come even closer at 0.327, however, bullish price action on the hourly may continue till 0.33$ on the whole. We can see that currently MA is being used as support on the hourly and it is the only thing stopping price from dropping fast. - On our momentum indicators such as RSI, as outlined in the above timeframes, we are seeing reasoning behind our assumption that we would need to test upper zones before dropping as RSI on the hourly is using blue trend line as support in order for us to retest 80 level resistance on this time frame and for price to retest 0.327$ in order to meet the first sign of resistance at EMA 200. Looking at RSI/ROC we can see that quite the opposite is happening as we are seeing resistance at 60 level. None the less, as stated time and time again, RSI/ROC is good for seeing averaged out price action, but RSI is always key in picking up things early and divergences on smaller time frames often show up on this indicator first. TO CONCLUDE: 1. EXPECT an increase to 0.327$ in the short term and I suspect the bears will come back in at this price. If this level does not hold as resistance on the hourly, then bare in mind that 4 hourly EMA resistance and downtrend line indicate a maximum upward potential to 0.34-0.35$. 2. Thereafter, after seeing resistance at either one of these zones, we will see a retest of 0.311$ support. If this level is broken through, then higher low formation is destroyed and we will make our way to 0.28$ but because we broke out of the wedge, 0.28$ may not EVEN hold at all and final supporting frontier for XRP lays at 0.25$. 3. THE QUICKER WE BREAK THROUGH THESE FINAL STRAWS OF SUPPORT, THEN THE QUICKER WE DROP TO OUR ALLOCATED BUY/HODL ENTRY REGION OF 0.15-0.10$. ** PLEASE NOTE THAT THIS ANALYSIS IS IN A REDACTED FORM, AND FULL FORM FOR EDUCATIONAL PURPOSES CAN ONLY BE SEEN BY PAYING PRIORITY MEMBERS ** PLEASE SEE RELATED IDEAS DOWN BELOW ;) & don't forget to stay up to date with our calls by following our Instagram and telegram channels down below AND ON OUR TRADINGVIEW PAGE - CALL AFTER CALL CORRECT!
BITFINEX:XRPUSD
by UnknownUnicorn1824771
ETH TO SEE MORE BLOODSHED! (REDACTED)REDACTED ETH INTRA-DAY BREAKDOWN What has occurred since our last INTRA-DAY BREAKDOWN FOR ETH ? - Well, I posted analysis on the 4th of January, when ETH was trading at 157$ and had seen multiple rejections from the 165$ price ceiling. I stated that our short conformational price initially was 145$ and a break of this zone would be a good indication of a short to 133$, 122$ and 118$ respectively. However, right before we broke the ascending support line shown in black, I stated that we could move this conformational price to 155$ on our free telegram channel and as soon as we saw the break of this trend line (and as expected in our analysis), we quickly found support in order to retest the trend line before a rejection to the downside (all of this is normal well known price action that any good trader should have in their head). Thereafter, the meltdown came to 133$ and I presumed initially we would find support at this level. However, as stated in the analysis, a break of this level would lead to targets of 122$ and 118$ thereafter for support - I also constantly updated this information in real time on our various platforms. We will do the top down style analysis that you should have become accustomed to by now to look at possible price direction of the next move: WHAT CAN BE SEEN ON THE DAILY CHART FOR ETH ? - On the daily chart for ETH using normal candlestick formation, we can see that currently MA’s are being used as resistance. We can also see that since using 107$ as support the bulls raged back in. We can see that EMA 200 currently lays at 230$, which is a MASSIVE resistance, which ETH has failed to break on multiple occasions before. PRICE CURRENTLY STANDS JUST ABOVE 118$ SUPPORT LEVEL. - Looking at our momentum indicators, we can see that RSI is at a temporary resistance level from supporting zone of 28 on RSI and currently RSI is just below 40 level RSI resistance level. Looking at RSI/ROC we can see that it is currently at a support level of 40 and historically there is strong tendency for this level to be used as support. WHAT CAN BE SEEN ON THE 4 HOURLY CHART FOR ETH ? - On the 4 hourly chart for ETH, we can currently see that EMA 200 lays right below 133$ level and this could suggest that temporarily, we may be unable to test this price range and even if we do this is an indication of maximum upward movement that we can come to expect. We can also see that the bulls have stopped a bearish crossover occurring on the MA’s on this time frame many a time, this should indicate to us that the bulls are barely hanging on at the minute. - Taking a look at our momentum indicators such as RSI, we can see that we are near 60 level resistance on RSI and I feel that a rejection from this level will be necessary and likely. Why ? Because looking at our RSI/ROC indicator, which is a much better average of direction, we can see that we are near 60 level resistance firstly and we can also see that we are near resistance line at 60 level shown in blue on this indicator. There is a 90% chance of a knockdown from this resistance zone back down to 40 level support on this indicator. This would correlate with a rise to 122$ and then a drop to lows of 107-111$ being created. WHAT CAN BE SEEN ON THE 1 HOURLY CHART FOR ETH ? - On the 1 hourly chart for ETH, we can see that EMA 200 resistance now currently lays right at 122$ upward target. From this level, we can expect bearish activity to resume and on the hourly chart we can see hour irregular price action to 128-133$ would be. Moreover, the divergence between the MA’s is becoming greater, indicating that a final short squeeze to 122$ is in fact still in the hands. - On our RSI indicator, we can see that we are currently at resistance zone of 60 level and a decline to 28 level for support on this indicator is highly plausible and this would correlate to a price fall to 116$. None the less, once we take a look at the more accurate RSI/ROC indicator, we can see that there is a bullish divergence from RSI on this indicator and it looks like its affirming my thoughts of a retest of 122$ before bearish activity can begin successfully ; shown by the fact we are yet to even touch 60 level resistance on this indicator. To conclude: 1. Expect bearish activity to continue on the whole and price is restricted to the upside to a maximum price of 122$. Even more so in real time, we can constrict this even further to 118-120$. 2. Following a rejection from these levels, then our targets to the downside for support lay at 111$, 107$ and 103$. 3. A break of final support at 103$ will signal to us a drop to 80$ support once again but we must realise that 103$ support is very strong and a break of this level is least likely. 4. Confirmation prices for SHORTS - 115$ IN THE SCENARIO OF A STRAIGHT DROP AND 118$ IN THE SCENARIO OF A REJECTION FROM 120-122$ RESISTANCE ZONES. ** PLEASE NOTE THAT THIS ANALYSIS IS IN A REDACTED FORM, AND FULL FORM FOR EDUCATIONAL PURPOSES CAN ONLY BE SEEN BY PAYING PRIORITY MEMBERS ** PLEASE SEE RELATED IDEAS DOWN BELOW ;) & don't forget to stay up to date with our calls by following our Instagram and telegram channels down below AND ON OUR TRADINGVIEW PAGE - CALL AFTER CALL CORRECT!
BITFINEX:ETHUSD
by UnknownUnicorn1824771
XBT DOOMED FOR 3427$ & 3300$ - BEARS HOLD INFLUENCE!REDACTED XBT INTRA-DAY BREAKDOWN What has occurred since our last intra-day breakdown for XBT (MEX) ? Our previous analysis of XBT ON THE 19TH OF JANUARY ENDED WITH THE FOLLOWING CONCLUSIONS: ‘’To conclude : 1. Expect a retracement to minimum of 3640$ and thereafter, we may find support at this level. 2. A break of 3600$ will indicate a break of higher low formation and a break to the downside to 3427$ and 3300$. 3. Support being found at 3640$ will be an indication for a retest of 3795$. 4. Price is constricted to 3870$ on the bullish side and wicks to 3920$ are possible. 5. I am momentarily bullish on XBT till these price levels but on the medium term, I am still bearish. ‘’ REVIEW : - When this analysis was posted, price was hovering at 3710$ on BITMEX and we had just been rejected from the 3795$ resistance. As stated, we saw a decline thereafter to our initial first target of 3640$ and we broke straight through the final frontier of support at 3610$, which was a STRONG support previously. - As stated in point 2, if 3600$ support level was broken, then we can expect bearish activity to continue till our next price floor of 3427$ (and I added an extra target of final support at 3300$, which is yet to be activated). - SUPPORT WAS NEVER FOUND AT 3640$ AND THUS THE BULLISH SCENARIO EXPLAINED IN POINTS 3-5 BECAME INVALID. We will do the top down style analysis that you should have become accustomed to by now to look at possible price direction. WHAT CAN WE SEE ON THE DAILY CHART FOR XBT ? - We can see that after finding support at 3427$, we have gone on to test MA’s with retests of 3610$ ; None the less, we have received many rejections from this zone, which was previously a price floor. We can see that MA’s are trying to do a bullish crossover on the daily charts. Moreover, After breaking out of ascending wedge, we measured out the height of the ascending wedge and as predicted the support point was EXACTLY at 3427$. - On our momentum indicators we can see that KEY level of RSI 37 was used as support, while black line on RSI indicator is also being used as support in conjunction. We can see a bullish divergence on our RSI indicator as its showing tendency to spike up, while our RSI/ROC indicator is showing flat/slightly bearish activity towards key support level of 40 on RSI/ROC on the daily. MOST IMPORTANTLY, WE CAN SEE THAT THE BEARISH WICKS ARE GETTING WEAKER AND AFTER TESTING 3427$, WE ARE NOW SEEING SMALLER RED CANDLESTICKS, WHICH INDICATES A REVERSAL IN TREND MAY BE NEAR : WE CAN USE THIS INDICATION ON SMALLER TIME FRAMES WITH MORE ACCURACY. WHAT CAN WE SEE ON THE 4 HOURLY CHART FOR XBT ? - We can see that we saw a rejection from 3610$ level twice thus far and we saw the bulls come in VERY strong at the 3427$ level. We can see that currently MA’s are attempting a bullish crossover on the smaller time frames too and that they are being used as support as indicated by the inability for price to break below MA at the minute. We can see that EMA 200 was initially used as resistance at 3795$ and now its on its way to ensure that the next ceiling lays at 3694$. - On our momentum indicators, we can see that RSI is currently heading towards 60 level RSI, which is infamously a resistance level. We can also see that after using the 37 level as support on the 4 hourly and using the black ascending line as support on RSI, we did not quite see the bullish activity we expected, instead we quickly hit the roof with very little movement to the upside. This is a strong indication that bull activity is restricted and that the bears are in fact in charge. We can see that RSI will probably go on to test levels above the 60 level on RSI (I predict the 66 level) and thereafter bearish activity can start to kick in again). On RSI/ROC we can see that we are near first resistance level of 62 but I feel that we will go on to test 72 level to the upside to test ascending trend line in blue before price is knocked back down. WHAT CAN WE SEE ON THE 1 HOURLY CHART FOR XBT ? - On our 1 hourly chart, we can see that EMA 200 is in fact being used as resistance at the 3610$ level. We can see that there is an attempt being made at a bullish crossover on MA’s. - Looking at our momentum indicators, we can see that RSI is at resistance level of 66 RSI currently but I suspect the 60 level may be used for support in order to truly test the 81 level on RSI on the 1 hourly chart, and this will correlate with a test of 66 level RSI on the 4 hourly chart as predicted. Looking at RSI/ROC we can see that it is yet to achieve the 72 level, which would usually act as resistance, thus I presume that we will need a test of this zone before bearish activity can resume. To conclude: 1. To the upside, Expect XBT to retest 3610$ resistance once again. A break of this level will indicate that we are heading towards 4 hourly EMA resistance at 3694$. To the upside, even less likely, price has a maximum constriction to 3795$ as we meet downtrend line which has repeatedly kept price down. A break above 3610$ could lead to us being stuck in a range between 3610-3694$ before bearish activity resumes. 2. It may be safer to wait for a short at resistance levels rather than longing now, because of the mere fact that in the bigger frame of things, bearish precedence still holds much greater and we could turn bearish anytime. 3. After a rejection from these levels, you can expect a retest of 3427$ support and a break of this level will indicate 3300$ support - which is now more likely as price action confirms. ** PLEASE NOTE THAT THIS ANALYSIS IS IN A REDACTED FORM, AND FULL FORM FOR EDUCATIONAL PURPOSES CAN ONLY BE SEEN BY PAYING PRIORITY MEMBERS ** PLEASE SEE RELATED IDEAS DOWN BELOW ;) & don't forget to stay up to date with our calls by following our Instagram and telegram channels down below AND ON OUR TRADINGVIEW PAGE - CALL AFTER CALL CORRECT!
BITMEX:BTCUSD.P
by UnknownUnicorn1824771
$BTC - #Bitcoin-Daily-Update #22 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update #22 What happened in the last 24h? In the last 24h we saw some little to no movement in and around Bitcoin. The whole market is standing still and waiting for its fire to ignite. We have to be careful with these low volatility days, since these mostly bring big volatility with them on the following days. So, we are expecting a move tomorrow, it is as well decision time for most of the Altcoins. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -0.56%, but gained 1.22% in $$$ down 20$ but up 42$ MarketCap? Total MarektCap is 120 Billion - +1 - Of which BTC is 63 Billion - +1 - With a Dominance of 52.4% - -0.1% - Volatility? The 30d avg Volatility is 3.56% - -0.03 - Shorts/Longs? Shorts - 23.8k (pretty low) Longs - 28.7k (high but solid) - S +1.3k/ L -0.2k - Funding? The last 3 funding rates added -> -0,059% - -0.0140 - Momentum? The TJ-Momentum is showing us a red cloud again, which is indicating us a drag and pull down. This might be important for the next days. -202 - -18 - Volume? Todays volume is quite bad and in fact one of the worst bullish volumes, that we have seen this year so far. It is yet another sign for big volume incoming. TJ-MF/TJ-Stoch levels? TJ-MoneyFlow - Today we are seeing a bearish spike on the money flow, which is not confirming the direction and yet indicating us a bearish movement soon. TJ-Stoch K(blue) - 23.3 D(orange) - 27.6 Divergences? We are seeing an uptrend on the TJ-Moneyflow which is an important divergence against the down trending market structure. The shorts are increasing drastically. While the chart has not seen its influence yet. Market Structure? We are still in a descending channel and might even find ourselves in a very huge and scuffed bullflag. Fighting with strong and important supports at this moment. Overall? Overall, today has been not a nice day and we have some bearish indications starting up in the background. We are seeing the shorts increasing. We are loosing drastically on the longs, the volume is bad as well, the funding rates are not favoring longs that much anymore. We are expecting at least a re-test of 3434 very soon. I am seeing 3333 as a possibility as well. On most of the alts we have as well a nice "playground" of at least 5% to still stay bullish, same as Bitcoin. What do we want? We want to see a quick test of 3434 or 3333 so that is out of the way and see more bullishness everywhere. Should we re test and not bounce quickly, we might continue to test the yearly lows. Position? Considering a small short scalp with tps towards 3434 and possibly 3333. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PShort
by KongTrading
1
$BTC - #Bitcoin-Daily-Update #21 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update #21 What happened in the last 24h? In the last 24h we saw quite some movement in locked ranges. We have the order books filled with big walls on the seller and buyers side. This has led us to quite a bit volume yet not so much movement and change in price. Altcoins nevertheless saw the movements as expected by us. At the end CoinDesks article about van ecks etf getting out of the way has stopped the party. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -1.56%, but gained 1.12% in $$$ down 56$ but up 40$ MarketCap? Total MarektCap is 119 Billion - -1 - Of which BTC is 62 Billion - -1 - With a Dominance of 52.3% - -0.0% - Volatility? The 30d avg Volatility is 3.59% - -0.01 - Shorts/Longs? Shorts - 22.5k (pretty low) Longs - 28.9k (high but solid) - S +0.8k/ L -2.6k - Funding? The last 3 funding rates added -> -0,0659% - -0.0041 - Momentum? The TJ-Momentum is showing us a red cloud again, which is indicating us a drag and pull down. This might be important for the next days. -184 - 0 - Volume? Taking a look at the volume, we are seeing it very very close to the moving average, confirming today's small and bearish candle with the volume. TJ-MF/TJ-Stoch levels? TJ-MoneyFlow - Today we are seeing a pretty small and ascending money flow, yet as such a small cloud, it is of minor importance to us, yet we are still following the divergence. TJ-Stoch K(blue) - 20.4 D(orange) - 27.2 Divergences? We are seeing a slight divergence between the longs and shorts in comparison to the chart. AND we are seeing an uptrend on the TJ-Moneyflow which is an important divergence against the down trending market structure. Market Structure? We are still in a descending channel and might even find ourselves in a very huge and scuffed bullflag. Fighting with strong and important supports at this moment. Overall? Overall today has been not a very nice day and for such a small candle and low volatility we have some big and important bearish signs hidden within it. Nevertheless, this is yet not enough to give us more than a scalping sign at this moment. I am already very excited for the next candle. What do we want? We want to close above 3550 and we got it, for today, we want to see a test of 3434 and a bounce from there. Position? Considering a small short scalp with tps towards 3434. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PShort
by KongTrading
BTC different view of potential Wyckoff AccumulationI am still tracking BTC with the possibility of accumulation going on through my Wyckoff Schematic. In this view of Wyckoff there is a bear trap / spring presented. Also too note we can see a big bullish divergence happening with the RSI & TDI . Currently I am looking for BTC to close this daily candle above the weekly open, this will be short term bullish and has the potential to spark a rally to 3700. If price does succeed in breaking upwards to 3700 I will be looking for a pull back down to 3630ish to 3535ish.... this is where I have outlined 2 possibilities in the Wyckoff going forward and also levels in price I will be watching for possible entries if I am still confident BTC price will continue higher. I will update on this regularly to keep you guys informed! Please like, share, & follow! FirstClass Crypto offers everyone a FREE TRIAL to our trading room where we pull daily profits on Bitmex & Binance! Contact ~ Telegram ~ @FirstclassEra Discord ~ @FirstClassEra discord.gg
BITMEX:BTCUSD.P
by FirstClassCrypto
$BTC - #Bitcoin-Daily-Update #20 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update #20 What happened in the last 24h? We saw in the last 24h quite a bit of movement. A very strong and steep wick to the low 3.4k has caught everyone's attention today. We were seeing a crazy action and a break of 3434 which is the first time for this year. Nevertheless, it popped back up and formed a bull hammer on all time frames giving the most bullish single candle this year. The volume is obviously great and our descending channel still in place. Altcoins look all pretty much the same. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -3.57%, but gained 2.29% in $$$ down 126$ but up 80$ MarketCap? Total MarektCap is 120 Billion - -1 - Of which BTC is 63 Billion - -1 - With a Dominance of 52.3% - -0.0% - Volatility? The 30d avg Volatility is 3.58% - -0.03 - Shorts/Longs? Shorts - 21.7k (pretty low) Longs - 31.5k (high but solid) - S -1.0k/ L +0.6k - Funding? The last 3 funding rates added -> -0,07% - +0.02 - Momentum? The TJ-Momentum is showing us a red cloud again, which is indicating us a drag and pull down. This might be important for the next days. Volume? The volume is obviously very nice and the highest buying volume for this year. TJ-MF/TJ-Stoch levels? TJ-MoneyFlow - Today we are seeing a pretty small and ascending money flow, yet as such a small cloud, it is of minor importance to us currently but still confirming the bullish day for us. TJ-Stoch K(blue) - 26.6 D(orange) - 26.4 Divergences? We are seeing a slight divergence between the longs and shorts in comparison to the chart. AND we are seeing an uptrend on the TJ-Moneyflow which is an important divergence against the down trending market structure. Market Structure? We are still in a descending channel and might even find ourselves in a very huge and scuffed bullflag. Connected to a beautiful bull hammer we can look at a nice bounce off the descending support. Overall? Overall, we are looking at still a nice down trending action and a downtrend for almost a month. This channel has been very important. We have wicked below yet not closed below it. Still seeing some bullish indication all across and even though it might be the most bullish single candle this year we still need to be very careful with a possible long position. Stop Losses are very important and not to be neglected. What do we want? We want to close above 3550 and as a bull hammer. Position? Considering a small long with SL at 3350 or close below 3434. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
1