Wave 3 just finished for Wave D of expanding triangleBTCUSD is going through an expanding triangle right now. Wave 3 just finished for Wave D correction wave. We should be seeing a slight pullback to the $9800 area and then a push up for Wave 5. For people looking to enter, the $9800 area where Wave 4 might finish might be a nice entry.
Bitmexsignals
Bitcoin - Watch $9.7k - Bull Trap AKA BEAR FLAG! BINANCE:BTCUSDT
BITMEX never fails! Arthur knows your every move! Watch the $9.7K massive fucking bear flag printed. I expect another $1,200 massive wick down before tomorrow.
If it breaks to the top Arthur will be eating your horns for dinner. Everyone is watching this shit, I wouldn't be surprise they go for massive liquidation!
They first create liquidity to make a triple kill to the upside - MADNESS is BACK! This is pure carnage lol...
Watch my previous idea copied to the Botton. This is just an update to reflect the new changes & to note the market manipulation at its finest...
Be safe & Happy trading!
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XBTUSD , Bitmex , BTCIn last Bullish Update we saw a quick Reaction from Bulls after Price break $10765 and it Pumped to $11100, However that was a weekend Pump and just a manipulation to liquidate all shorts, and Price closed daily Candle at $10760, That exactly below the Resistance of $10765, and Hence dropping back to Next Demand Areas. Now we have 2 Possibilities , if Demand Zpne of 4Hr works we go back at least to weekly and Monthly Open ($10550 - $10760) and Breaking of that will leads to $11500 to hit CME Resistance zone. In case we dont hold the $9700-$9850 area, We drops back to Next Daily Demand Area and GAP at CME Futures near $8400-$8300.
ADAU19 still completing extended Wave CAGAIN! I am a EW newbie so do not believe what I post, do your own research.
Looks like ADAU19 on Bitmex entered an extended Wave C, up until this point I could 6 maybe 7 waves already and will go up till 9 theoretically. If that happens, 2.618 extended fib is highly possible which is at 708 sats.
My 10X leverage systemThis is the results of my trading with my 10X leverage system I will at some point start sending the alert to twitter or discord when i go long and short. I am currently up 13X from the beginning of 2018. This is a fresh start so everyone can see the results from a starting position.
LONG Entry EOSM19Reason: RSI/MACD Divergence.
I've Opened LONG position EOSM19
average entry price as of now is 8175 with laddered BUY orders placed until, 8120 =(last BUY order)
SL: Below 8050
Cross Leverage Only 5% acct size
TP1: 8390
TP2: 8454
TP3: 8550
The TRUE way the BTC market works and how to be more successfulNOTE: most important point is C.) a-lot of other stuff may or may not be trivial stuff you personally know so if nothing else read C.)
So I figured I would take the time to educate the few people that may see and read this. Because many, many people need it. Almost every person out there trading BTC has some theory and conspiracy that they believe and actually make decisions based on with zero clue what they are talking about.
FACT 1.) The price is almost 100% dictated by the RSI. Im not gonna get deep into this because their are infinite RSI's not that you need to watch them all but to truly learn whats going on and where the price is going you have to have an extremely high IQ, PATIENCE and love math and problem solving.
No single time frame will tell you much, and regardless of what a lot of people claim all time frames are important and all fit together like a puzzle. If you look at just the 1 minute rsi you will never inow whats going on because it can go up or down while between 70 and 30 endlessly but even worse is the fact that when it hits 70 or 30 it tells you nothing because the lower the timeframe is the more forgiving the formula is in terms of allowing it to go over or under for periods of time.
I think of it like this, every time frame that goes over or under is given penalty points based on the timeframe and the amount it is over or under. 1min timeframe is almost pointless but the 3min, then 5, then 15, etc etc will all become over or under the longer that the price keeps going up. So as those timeframes join in their points get added to the penalty total. Once the penalty total gets to a certain point its done, the bots controlling everything will slam the price and rsi down or up out of the penalty zone.
THE TRUTH ABOUT THE SHORT/LONG "SQUEEZE"
These "SQUEEZES" have several reasons for happening.
A.) it shortens the time to lower or raise the longer time frames RSI considerably. These are the timeframes that cause days to months of sideways boringness (depending on the time frame, the larger it is the longer it takes to reset it obviously). Its literally what the BEAR season is. It is the 7 day time frame finally getting so high that a huge number of large up and downs need to happen to quicken the time to bring the rsi from 91 down to 30 which is when the bear market ends and it still takes months and months of sideways even after all the $1000-$5000 swings from Jan-May 2018.
Note: A $200-$300 squeeze can also reset the shorter timeframe like the hour from 90 rsi to 50 instantly thus allowing the rally to continue
B.) A lot of bad traders have high leverage positions and positions with no stops which make it free money for the whales to take
C.) ***MOST IMPORTANT REASON***
If you ever thought about it and how you would manipulate the market if u had hundreds of millions of dollars you would quickly realize that you cant manipulate the market from BITMEX like 99% of people seem to believe happens. If you buy hundreds of millions of contracts on BITMEX your gonna be the one raising the price and be paying more and more all the way up. But even worse is when you want to unload the long your gonna cause the price to drop more and more. Getting rid of your entire position in profit would be difficult enough and you certainly couldn't load a short on top of that.
So how does it really work? (I used todays "short squeeze before the plunge as the example in the chart"
Note: i used the 1 hour chart, now as you go down in time frames the amount the rsi is over the 70% mark obviously is higher and higher and on the 2 hour time frame it hits exactly 70%.
Ok so what really happens is the whales program their bots buy bitcoin on the mark exchanges to a set goal today being $9100 and they program their bitmex bots to set limit orders of 500,000 - 5,000,000 to short from $9050 - $9100 which is why you'll see short orders go from 3 million quickly to a few hundred thousand as you watch endless people market buy orders at it and suddenly soon as it gets low 300,000 or less it will go right up to 1-5mil and seconds later sell down to a few hundred thousand and new orders replenish over and over. So its not obvious to you that your selling tens of millions to a wall.
Once their shorts are completely filled on bitmex they sell blocks of btc that they just bough on the exchanges to raise the price to cause the price to drop back down and keep doing that down to whatever price they want. Then people begin panic selling and the rsi gets to low on a bunch of timeframes like it did at $7900 and the whales bots unload whatever portion of those shorts they just got that is needed to push the price up to where the rsi is at 30.
So in the end everyone threw hundreds of millions of shorts at them, paid the fees for them and paid them a portion of fees and then they dropped the price $1000 to be left holding a huge winning position.
Why did they do this today? Simple the weekly rsi is way too high to continue a bull run for 2 years lol its at like 80. They will now hold these shorts for however long it takes to reset the weekly rsi to an acceptable number. What number who knows, anything under 70 but i imagine 40-55. They will get paid funding the entire time by all the saps that hold longs this next few weeks. The price will go up and down as usual as they liquidate new shorters but it will be trending down weekly. Until some point when the RSI on weekly chart is low enough which is when they will do what they did today in reverse. (Sell on exchanges to force price down on bitmex where they have limit orders you throw money at so they close their shorts from $9100 and open longs to go up). This will likely happen several times to close all the shorts they have accumulated over the last month and open all new long positions.
But the point is until YOU get smart enough to not throw orders hopelessly whn you should know better this will keep happening. You literally don't even have to look at the rsi graphs to know when you should be closing not opening. When that point comes that we hit a wall and bounce $50-$100 like $9020-$9080 to $9020 you should know you likely just where part of feeding orders to the people that are about to make the market go the other way $1000+
Always have a minimum 2 stops setup for every position. The first thing i do even before opening my position sometimes is set 2 generic JUST IN CASE stops at $40 away from the liquidation price. So if its a long with a liquid at $8200 then i will setup a stop based on mark price at $8240 and a stop based on last price at $8240. Most always ill setup a different stop way closer to my open soon after but i will change my stoo and strategy many times. Those 2 safety stops never have reason to change and will still be there even if i screw up by removing my real stop that i set and the new stop i set somehow dosent get accepted and i dont notice or i forget to set the new one because something big happens after i cancel the first ine etc.
The reason for 2 stops is simple. Bitmex liquidates you based on the mark price so if the price on bitstamp goes to $8200 and bitmex price is $8400 and you only had a stop set at $8240 based on last BITMEX price then you just got liquidated at $8400 and paid Bitmex a ton of money. For the record the higher your leverage the more important a stop is. At 50x when you get liquidated your position sells for enough to where you would still get half your money back but Bitmex just takes it instead.
So why set a stop based on Last when the liquidation is based on the mark price? Because of the opposite. Bitmex price hits $8200 and mark price is at $8400 and you have one stop at $8240 based on mark price. By time the mark price hits $8240 bitmex price is at $8040 so your stop triggers and sells at $8040 and your money just all goes into liquidation anyhow because you sold for below the liquidation price.
So that is why there should always be 2 emergency stops. Most people just use a stop based on last which is fine as long as your stop is always far away from your liquidation i mean $200+ away minimum. But if its not you should always have a default safety mark stop at +-$40 of liquid and you can move your last price stop wherever you want based on where u would want it to stop.
Trx Making Strong Triangle...Must Trade Near 364 Satoshi...
Stop Loss 357 Satoshi.
You Get 1:2 Target Easily.
BITCOIN is about to fly and aims for 9707 USD!!!The Bulls are taking some time off, but there is nothing to worry about.
It is very common that a 4th wave consolidates like this. After a pull back we bounced perfectly on the 38.2% retracement level. Only thing the bulls need to take care of is that we don't drop through this level and stay in the current bull flag.
For the next wave I have 3 targets for you based on Fibonacci levels:
- $ 9,125.00
- $ 9,276.00
- $ 9,707.00
So LONG it is!!
Don't forget to put a stop-loss on $ 8,365.00.
Trade save everyone and don't forget to LIKE!!!!
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The Crypto Market Weather Update - Day Trader ExplainsLadies and Gentlemen,
Welcome back to TJ's Trade Corner, today we will be taking a look at the...
...Crypto Weather Forecast
Today it will be less of a weather update, but much more a weather forecast.
The hot and sunny days are here and we are on the verge of entering a very sunny and hot summer. The climate change is real in the crypto market and we can expect performances that we could just dream about.
Laying the focus on #Bitcoin with its extraordinary performance for this year and a beautiful call for recovery.
We can see a nearly parabollic move, going through resistances like a hot knife through butter.
We knew that the previous support of $6100-$6400 had to be re-confirmed and we did just that. After this very quick move, $BTC went now straight back up for the $8000 mark.
This weeks candle will be very important for future prices and structure. The lows, the highs, the closes will be all significant.
Therefore, lets take a look at the closes first.
We obviously want a close above $8000 for the weekly candle to remain the strong bullish hands.
Should we get a weekly close above $8200, that would very bullish and give us a very high chance of reaching the next stop on the chart.
A simple close above $8000 would give us a nice range for #Bitcoin to consolidate.
Altcoins do really love when Bitcoin consolidates and would give us a beautiful Altseason week with amazing returns. This would also be confluent with the remaining bullish levels and structures on Altcoins right now.
Should the close above $8200 happen, we would most likely have a very strong and bullish week for $BTC while a few altcoins would be following "the king" and most others consolidating.
Looking at indicators,
We can see the TJ-Stoch in an oversold condition, yet above 90p which is an impulse move zone.
Before the next BIG BIG move, we will have to retrace to the 40p line and get an impulse move there.
Yet, that does not come very fast and would most likely mean for #Bitcoin 2-4 weeks of ranging and consolidating, whenever we start that.
Ideally we would do that while having $8000 as our new support.
TJ-MoneyFlow is confluen with the direction that we are going to, whihc support a next bullish continuation. No divergences sofar.
The volume is high and highly significant, even exceeding the volume from last week and coming with current 125k very near to the volume we had while reaching for $20.000 (123k-131k volume). Keeping up with this volume without consolidation, will be very hard.
The most significant EMAs are reaching for levels above $5000 while most likely with this weeks close exceeding the $6000 levels. This is a further bullish sign, while having these at and above the previous support. This would simply mean that a fall below these levels would be more than highly unlikely without knowing it beforehand.
To close this one up, I see many people talking that we are back in a bull-market and they use that term very loosely or just based on a few indicators. In my eyes, we are at the very beginning and the starting phase.
We are still recovering from the drop to the $3000 levels. We are still in a price discovery mode, making new highs, looking for resistance to get rejected at. Just with that mention, we still have very significant levels upcoming, which we will have to break and re-confirm, before entering the everywhere mentioned bull-market.
In my eyes, the bull-market will start at the point in time when we close a weekly or monthly above $12.000 in the following weeks, confirm it as a new support. At that point we will be in a bull-market and literally get all of our minds blown away. But before that, we have some work to do and build up a strong and healthy foundation for that time.
"Weather Updates" is a common format in my Private Discord "Elite Trading Group". Almost daily I make an Update about what we can expect for the day or next few days, including #Bitcoin #Ethereum and a few sentences about all Bitmex coins.
This has been published previously in Verified Crypto News and the Elite Trading Group.
The Elite trading group is my home and I share all of my trades, set-ups and ideas to the members. You have premium access to all of my public content and a way for me to answer all of your questions that you might have.
Should you be interested in the Elite Trading group or the Indicators that I use, so join the Discord over the link the below and/or message me.
Like and Follow me and you will find the space 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.
Cheers TJ
BITCOIN MACRO: (9200-9500) -> 7200 Contrary to many's expectation, bitcoin's parabola began from 3330 as bottom and not 3121. On that basis, the latest dip to 6300, or 7000s on many exchanges form base 4 of this parabola with the blow-off top which we currently are in, set between 9200-9600.
The ideal play in the coming days should be, to use low leverage longs and ride the blow off.
Entry: 7800-7960
Stop loss: 7599
Target: 9200+
Once price attains 9200, it is time to build short position, over a span of few days owing to confirmations. This weekend pump will again create a CME futures GAP with low point at 7175, which the future price will target on the downside. This perfectly coincides with the parabolic curve retracement, which often aims towards base 4 lows, which in this case being 7175-6900.
Kill the noise, do your own due diligence, and stick to the plan, you might as well end up making 6x on this entire cycle with 10x or lower leverage.
BTC Inverse Head & Shoulders,Overview and possible price pathsAlthough BTC can seem fairly hard to read right now I am thinking we are leaning towards a dump off because of the following factors:
Volume is decreasing while price is increasing - Could be a potential sign of a trend change.
-We are at the edge of a supply zone,
-Potential completed Elliot waves,
-Broken diaganol support (but also broke upwards out of resistance which could of been to fill short orders)
-Stocastic possibly forming wedge pattern and next move would be down
Notice the most recent high we have come under the 0.618 (right chart), until we close above this I don't see the IH&S having any chance of playig out.