XBT Trade the Range Short SetupFor the past 4 months we have been trading inside this ascending channel
and broken out of it twice, once in October and November for our most recent
ATH .
Since then we have fallen back inside the channel and have tested our 58k region with a move to
the downside .
I would like to see 58400 level lost and see a move down to 55k eventually which will put us at
the middle of the channel and probably test the 100EMA .
Ultimately I would like to see a move to the bottom of the channel 50400 but its best to trade this level by level .
Until then I see continued weakness in the short term but the key here is trade the range your given .
Still scalp longs to be had off of the levels shown and short opportunity if we back test 60900 POC region .
Know your Invalidation and Like and Follow for all market updates and analysis
Bitmexsignals
Bitcoin Harmonic Gartley Bullish setupCurrently short since 35500 I will be looking to long at point D of the Harmonic with
a target at the 1.272 fib extension 38K this is calculated from the movement of Point X to A 127.2% of the move.
Fibonacci Extension and Retracement drawing tool used to determine all levels and drawing of Gartley ensuring that Construction Rules are respected
Know your invalidation and always use a SL . Like and Follow for Regular Swing Trades
BITCOIN 20% Move to the Upside or Downside I have marked some key levels here for the upside resistance and support levels
for Bitcoin.
Of course within this triangle we can break either way so I have marked some levels
to give you an idea of where we will go once the direction has been decided.
I would like to see the higher resistances broken as I am in a long from the low of the wick at 30k but what we want and what we get are 2 different things .
with that said I will be taking it level by level regardless of which way we go .
If you dont have a position then you could wait and see if we retest 35K for longs or see how we react at the next resistance .
Whatever you decide know your invalidation .
Like and Support with a Like and a Follow
Bitcoin Level by Level If we Lose 46K we will descend to 39K very quickly .
Quite simply when we came up so fast
we did not build any support below us at 45k -46K
200 EMA sits at the 39K region and maybe this is
enough to hold us if we come down .
The major support is at 33K otherwise as documented in the chart .
Take it level by Level and for now we are holding at the crucial 46/47K .
EOS BREAKOUT TO NEW ATH 20% MOVEDAYTRADE Setup
Bullish on EOS for another breakout to the upside
Follow info on the chart if you want to take the trade
I personally am bullish but if we do break to the downside
which can happen then I have marked an area where i will be buying
Ensure that you monitor BTC ...Sideways is ok but we all know that a volatile move destroys all setups
Follow and Like for regular analysis ..
BTC - Short Swing Failure Pattern I would like to see a SFP of the Given targets either the first box or the second if it happens .
We may drop from here but that is not the short i want to take .
If the SFP happens i will be taking Profits within the 55K area where i expect support to hold .
This is just a potential idea that may play out going into the weekend so its worth setting some alerts for the setup
Always know your Invalidation and follow a trading Plan
Support my Analysis with a Like and A Follow for more setups
Possible double top for BTCUSDI've spotted a potential double top for BTCUSD, with the stop loss at previous high and sell stop market noise below the neck line.
Possible sell idea for LTCUSDUsing a price action strategy other than my normal go to, Elliott Wave.
I see two possible entries for short on LTCUSD, engulfing bar which was confirmed by an inside bar and another bearish bar follow.
Also, I see another possible short as price has tested 200MA and now possibly heading south of 100MA.
Initial stop loss is set at the top of price action.
Wave 4 of Wave C Link is on Wave 4 of Wave C on the final leg of the larger Wave B correction.
How to trade this? You can trade the bounce off the bottom part of triangle during Wave E or wait for break out of upper triangle trend line.
Personally, I'd rather wait for short opportunity because the reward would potentially be larger.
LTCZ20 possible shortI have been staying off bitmex a little lately since all the drama around Arthur but slowly edging back into it now after a short stint on binance futures.
Watching LTC closely here for a short term short play.
We have retraced past the 618 and sitting on a significant EQ right now and the MACD looks to have some descent momentum to continue selling further.
Im watching this EQ break for a short position back down to previous low or just above, i may not get to greedy as it could be short lived if BTC gets stuck in the range for any longer.
I will update when the trades active
BTCUSDT Decision point!*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. ***
BTCUSDT
- Broken above the long term bullish channel
- Last time we broke above and held here, we retraced back to the bottom of it
- Have created a new channel above this time, similar to last time (around Aug-Sept)
- RSI is sitting on 80 level - last 2 times we were here we had a pullback
- Also Divergence on lower timeframes but when BTC is this bullish, it doesn’t really care about divergence, just another thing to factor in
- I’m sitting out until we either create a new LL and LH on the 4 hour TF which will present a short opportunity OR we break above current resistance and run to the next level.
Bitcoin hits the floor, new outlook Bitcoin seems to have found a floor at the 10k zone. We are now seeing new structure and significant breaks. There is a long road ahead to making new ATHs but I can see in the short term lots of potential for a good push.
Please have a look at a short term long position. There is also a potitential for a short aswell but this is depending on the buyer momentium. (keep a look out for candle body size approaching the supply zone.)