Bitmexsignals
1 hour Timeframe XBTUSD signals from BottomFinder for comparisonA few days back we published an idea showing XBTUSD trades on the 15m timeframe. We had requests for a higher timeframe example to contrast the differences on higher vs lower timeframes.
For those who are not sitting at a chart all day and prefer less frequent trades, the answer is simple. Just set Bottom Top Finder to the 1 hour timeframe for slightly longer term positions.
With only one false signal halfway through the major dump, 15/16 win rate isn't bad! As with any signal or trade, you must also have a sound risk management strategy.
Next week Bottom Top Finder 2.7 will be released with new features and more user customization!
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ETH Nearing OverboughtAs you can see between the two red trendlines. ETH/USD has been on a downtrend for a while just like BTC. I think we will either see a downward move as the RSI is reaching levels historically signaled selling as well as reaching closer towards that resistance upper trend line. We also can use that 21 MA as resistance. Could go up in the near short term 1-2 days to the 250's to 260's. If so that is a sell signal. If not we are going lower from where we are at currently.
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BTC Still On Existing TrendToday we saw another plunge down and that green lower trend line holding as a support. If it continues on this trend we are the bottom and have another uptrend in play in the near short -mid term 1-3 weeks to fill up the gap between those two green trend lines again.
As for the falling wedge breakout we could see that at any moment but I suspect we will either breakout from this short term existing uptrend. Or this existing uptrend will be broken and we will eat up this wedge till there is no more room to move where the next big up move will be a breakout.
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BTC Daily Thoughts BITMEX:XBTUSD
1W. New week started. IMO this week we will see price drop because of the BEAR MARKET trend. seems as on weekly it cannot BREAK the 50 EMA (red line on plotted). my :eyes: are on MCAD (because I think it's forming the Bull TRAP meaning positive HIST will appear but PA will go down).
1D. we couldn't break the 50 EMA on daily (also) so now we see FOMO PA imo...the pump occurred till 3-4 days and now we already head DOWN but FOMO traders and whales mask PA. Stoch RSI wants to curve DOWN. Anyways even if it doesnt play like I think it would in both scenarios VOLUME is KEY (atm can see that volume is low...but we still have the whole day ahead).
12H. same as Daily IMO. Notice how MACD is in positive and Stoch RSI is curving down gives signs that RSI SHOULD go down also.
6H. :eyes: on macd. Notice STOCH RSI is at lower levels and seems as it wants to be pressed to 0 area (like in a major DUMP). RSI curvs DOWN.
3H. ranging around that PA. 50 EMA support is shown well.
1H. short signal 3h ago....This is my scalp sign....RSI and MACD show PA is down but Stoch RSI suggests that RSI rev is possible (hand on the trigger if short)
30 min is trying to get back and break 50 EMA
15 min also tries to break 50 EMA....Stoch RSI needs to cool for proper UP movment.
5min same same
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Bitcoin Still at Bottom of Trend Oversold XBT BitMEXAs you can see on the chart Bitcoin has been on an uptrend the past 2 months or so including the rise to 8,000. I suspect that it will continue on its trajectory as I suspected after we saw a false breakout downwards. From there you could have made already at least 100-150 pips. But I see this wave going much further around the 7200-7300 range.
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Al things come to an end (BTC target 6834)The bears (shorters) amongs us were in heaven yesterday.. Unfortunately i thought we would reach 7522 first before we go down.
Obviously my stop-loss was hit, hit hard ;)
Now we are around 6400 and we need to retrace at some point and i think this point is reached. First stop will be 6664 and if we can extend that wave we will hit 6834 .
Afterward we need one more correction wave (target 1: 5861 - target 2: 4879 ) before we can look up.
I personally think we wont go to 4879, because that will mean we break with a major trend.
Dont forget to like my ideas and follow my channel when you enjoy what i am doing here!
Note: I am not your financial adviser... Just want you to ride along and have fun... NEVER use money that you need for other stuff ;)
Symetrical triangle ADAU18 (possible target 0.00001102)There has been forming a symmetrical triangle on ADAU18 (Bitmex) which normally breaks out in the direction of the trend.
Short-term trend is down, so there is a high probability that ADAU18 (Bitmex) will breakout to 0.00001102 in the next 3 to 7 days.
When it breaks up the target will be 0.00001831. Remember to keep an eye on that possibility as well.
For the highest probability of making money, wait with your long or short position until breakout is confirmed (Watch for price breaking out of the triangle).
I will try to keep you updated as the trade develops.
Note: I am not your financial adviser... Just want you to ride along on the trades i make... NEVER use money that you need for other stuff ;)
C'mon Bitcoin.... You can do it! We are still in the rising wedge to reach our target of 7522 USD, but there is a lot of work to do for BTC to reach this.
I personally still believe in this target, but it will be hard.
When we fall through the support of the channel our first support is on 7275 USD and the second support is on 7082 USD.
So for now i will be long until our target of 7522 USD is reached. After that there is a big change we will retrace to 7082 USD.
Dont forget to like my ideas and follow my channel when you enjoy what i am doing here!
Note: I am not your financial adviser... Just want you to ride along and have fun... NEVER use money that you need for other stuff ;)
XBTUSD (BTCUSD) Short term 7522 / Mid term 7082Short term we see a Bullish Ascending Triangle developing with a target of 7522 USD.
This target is a bit higher then my previous target.
After reaching this target we are very probably at the end of a Bearish Rising Wedge which will take us down to 7082 USD.
Dont forget to like my ideas and follow my channel when you enjoy what i am doing here!
Note: I am not your financial adviser... Just want you to ride along on the trades i make... NEVER use money that you need for other stuff ;)
Tron (TRX) is bouncing I am long on TRX having shorted it yesterday
I believe that TRON $TRX (TRX) is bouncing off its short term support levels to around 360, it has fallen approx. 10% in the past 24 hours and is overdue some kind of deadcat.
I am by no means a Tronny, I am trading tron because I believe that this trade is the right decision at this time.