Get started

Btc-analysis

BTC complete long term analysisMost significant trend is shown in the 4hr H/L - 1 box reversal with the box size of 200 The green uptrend line is broken and acts as a resistance for the bulls. A red downtrend line is drawn from the 17100 level and bulls must overcome this line in order to find hope for any further upside. Support could be found just under the 10000 psychological level. I've added two additional charts below. A standard 4hr candlestick chart with value zones and control lines This, as well, shows a long term downtrend continuation. A smaller downtrend value area is drawn on top of the main one, as the price spent a significant amount of time in the area, using main trend's value high and control line as supports. Finally the bears managed to tear down the gates and leave a bloody road of red candlesticks behind, being caught by the bulls and chased back up to the high value zone. Currently a small value area from previous sideways trading is acting as support. A 1hr H/L - 3 box reversal with the box size of 200 The only chart still being held up by the two uptrend lines. A high pole formation just finished, indicating a reversal of the pole trend - to the south we go. Break of 13100 for double top and bullish indication. A break of double bottom at the 10400 level would indicate further downside Conclusion: Looking for an equilibrium pattern to play out and find the next low at around 10500 level. If the 3 box double bottom breaks at 10400 and candlestick's control price line fails to hold back the bears, we'll be looking for a double bottom at 9100 and a W - bullish pattern play out.
Short
by mihkel.vainjarv
Caution with ReddCoin (RDD)! Why are you still holding?ReddCoin was a money factory for those, who just went with the train. Unfortunately, it had the same pattern before. If we project the same pattern from before, then there will be a big crash. This would fit to consolidation after hugh pump just recently. The indicators show the same pattern. They are still quite high. The coin doesn't seem to have any serious development the next months. Only one at end of march which might also fit to downtrend. Have luck
Long
by calumon
16
High Risk, Quick Turnover profits, 5-30%, TRX as an Example. As promised, here are two strategies for quick profits. BEWARE: Trading on 5 minutes charts with patterns that aren't as strong as their longer-term counterparts is VERY risky. Apologies for my messy charts, still trying to work out the best way to display and explain. Overview: If you have a longer term pattern in place, it becomes easier to predict where the price may fall or rise to within the pattern. A chart of one hour or greater is recommended. You can use the strategies explained below in a market that is in a downtrend or uptrend phase. Strategy #1 Patterns within patterns. - Using 5-15 minute charts. - Buying the breakout of a smaller pennant. - Look for higher lows just before breakout. - Ensure you have a stop loss of your choosing. - Sell once broken the upward trend line. - Draw the steepest line possible, for earliest entry and exit prices. Each black arrow on this chart represents a trade opportunity. There are at least 13 here. Close-ups: Strategy #2 Support and Resistance within patterns - The more times price bounces off a support or resistance level, the stronger it becomes, thus less risk involved. - Before trying to buy the support zone, ensure there has been at least 2 bounces from it before. - Buying at the support level, with a stop loss of your choosing. I like 2-5%. - Sell at resistance or once short term trend line broken. - Where there is an arrow, there is a trade opportunity. Each black arrow on this chart represents a trade opportunity. There are at least 6 here. Close-up:
by LiamHillier
1
BTC at a critical levelBTC is facing a key area around 15.000 – 15.200 usd level. At this point we have 2 scenarios Scenario 1: - BTC is unable to break resistance zone and drops back to 12.000 zone. 11.000 is a key support, if broken price could be driven to lowe support zones such as 8.000 or even 5.300-5.500. This level matches with the 1.618 extension of the previous drop from 19.700 to 11.000 usd. It is also the target for a potential H&S pattern. Ichimoku cloud still shows a bearish market. Scenario 2: - BTC breaks clearly 15.200 level and goes quickly to 16.000 area. This would confirm a double bottom pattern and it would face New Year at possible all time highs. More volumen would be needed for this scenario, but we cannot discard it.
BITFINEX:BTCUSD
by fraclehe
Segwit2x CANCELLED: BITCOIN (BTC/USD) massive selloff expectedAs many of you just know, Segwit2x has just be cancelled by Charlie Shrem (leader of S2X team). Now we are seeing a massive selloff in Segwit2x futures which are taking BTC to all time high. However, Fibonacci projections from last september drop and all time fibo (starting from 0 usd) show 8000 usd the high to be considered (7860-8000 usd is the sell zone). Big bearish hype is expected shortly, we cancel all long positions in BTC. Stay tuned!! Telegram: t.me/CaerusEminence
BITFINEX:BTCUSDShort
by Caerus_TA
4