Easy way to Scalp BTCThis is the way I scalp BTC, Let me know what you think and if you have a way that may help let me know now. post a comment
Btc-e
Bitcoin looks ready to "Moon"Bitcoin looks ready to "Moon". We had a rise from trough in VIX (white horizontal) followed by red candles in both bitcoin and SPX (purple vertical) forming a support base (purple horizontal) and key resistance (blue horizontal). Buy/Sell break outs. ROC turned positive too. NOT ADVICE. DYOR.
Bitcoin | Ascending Channel & EMA50..!!#BTC (Update)
Bitcoin Has been Moving Between 8.4k-10k Range from last 36 Days. (forming Ascending Channel)
At the Moment, holding the Channel Middle line (9.6k Support) & EMA50 (9464)
Now, there Are two Possible Scenarios..!!
- In Bearish Case, If Bulls lost the Support, It Might Retest the 8.8k Area Support.
- In Bullish Case, It Might test the Major Resistance (10k Area) Again, In Case of Rejection, There is a Possibility of Triple Top Formation 📉
Bitcoin CME Future Closed at 9800..!!
Expanding Triangle Formation..!!
According to Expanding Triangle, Big Move Ahead (Higher High or Lower Low)
In Weekly Chart. Bitcoin Facing Longterm Downtrend line...!!
In Weekly Candle Closed Below 9.6k or Trendline, Expecting Bearish Wave for Midterm.
In Case of Trendline Breakout, There is a Possibility of Bitcoin Bull Run in Coming Days..!!|
Waiting for Weekly Close 😎
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!
Bitcoin | Expanding Triangle & Crucial Support..!!#BTC (Update)
In Shorter Timeframe, Bitcoin Forming Expanding triangle Pattern...!!
3 Days ago, Bitcoin tested the 10.4k Resistance (Higher High) but Rejected it.
At the Moment, Holding the Crucial Support (9.3k) But Big Move Ahead.
Now There Are Two Possible Scenarios..
1- If Bulls lost the Support, Bitcoin might form Another Low (Might test 8k Area)
2- In Bullish Case, If Bulls Held the Support & Bounced Back 📈 , It Might Test the 10.6k Area (Major Resistance)
Be Ready for Both Bearish & Bullish Scenarios..📌
In Weekly Chart, Printing 9th TD Bearish Candle & Still Below the Major Downtrend Resistance 📉
If weekly Candle Closed Below trendline, Bitcoin Might Crash Again in Coming Days..!!
Another Weekly View...!!
Expecting Bearish Wave before Triangle Breakout... (6666 then 19191)
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!
Bitcoin - The Ugly Truth About Crypto and Unregulated MarketsFirst, I would like to say that I am a believer in Bitcoin. A quick summary of my belief, Bitcoin is like the English language. Not perfect and has many flaws, and I'm sure anyone can create a better language if given enough time, but Bitcoin is the language everyone in Crypto talks and it will be hard to dethrone the king. Bitcoin is enough, even if the cost to transfer it goes to $100+, it still serves the main purpose of crypto which is the ability to transfer medium/large sums of money without borders or regulation to anyone that accepts Bitcoin. No one can tell you no. It is not ideal for small purchases such as coffee, but fiat is all anyone needs for small purchases and there is absolutely no point for small shops to accept crypto currency as a form of payment. Sorry BCH believers, you have a better coin, a better language, but it's not enough reason to switch.
However, it's the Bitcoin / Crypto markets that are corrupt. They are not regulated, which many see as a good thing, but it is absolutely the worst thing that can happen to crypto. Unregulated exchanges mean unlimited supply of Bitcoin. Exchanges, depending on their jurisdiction, are allowed to sell Bitcoin they don't even have. For American and other common wealth country based exchanges, this is still fraud and illegal, but in countries like Hong Kong and small safe haven islands, it's completely legal and no one can do anything about it.
On top of that, exchanges like Bitmex don't even claim to have Bitcoin, they let people buy and sell contracts on their exchange that are not backed by Bitcoin. Future contracts are the same, they are not settled in Bitcoin, they are settled in fiat.
So with an unlimited supply of Bitcoin on the market, every exchange in a safe haven jurisdiction is like the federal reserve in America, they can print paper Bitcoin whenever they want and on one knows how much fake un-backed Bitcoin is being traded.
Something to take into consideration when trading Bitcoin and betting long term on the price.
BITCOIN | BullRun 2020 Ahead..!!BTC/USD (Update)
In Weekly Chart, Bulls Facing Crucial Resistance (9.6k)
If Bulls Cleared the Resistance, Expecting Bitcoin Bullrun in Coming Weeks.📈
If Bulls Failed to Clear the Resistance, Bitcoin Might Retest the 6k Area in Late June..!!
Volume has been Decreasing from last 4-5 Weeks, While Bulls Need Power to Clear the Resistance.
I think Bitcoin Might form another Lower High before Breakout. (But We Should Wait for Clear Direction, So far There is no Sign of Breakout or Reversal)
In Weekly Chart, Bitcoin Printing 9th TD Bearish Candle & Facing Major Resistance as well..!!
If Current Weekly Candle Closed Below Resistance (9.6k), We Might See Bearish Wave in Coming Days.
In Shorter Timeframe Chart, Bitcoin has been forming Triangle But Not Completed yet, Expecting Tiny Bearish Wave towards the 9k before Breakout..!!
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!
btc short or long again?dear all frds,
btc 15 minutes chart more possible to downtrend
rsi below 50... and ema waiting for line cross lets see what happen.
$BTC : Dominance chart, why its useful?The BTC.D Chart shows the total % of the Cryptocurrency market cap that BTC holds, why is this important?
When BTC Dominance rises, that means money is flooding out of altcoins and into bitcoin, usually in highly volatile times.
When BTC Dominance consolidates its a sign that money is moving is flowing between the altcoin and bitcoin markets and this is the best time for you to be trading altcoins.
Some things to note about the BTC Dominance now on the weekly:
-Strong uptrend (Parallel channel and painting flag structures)
-Possible elliot wave structure, we still have 1 wave left
-RSI Above 50, but turning down
-Still creating higher lows on the smaller and higher timeframe trends
-Flipped resistance right next to a golden fib
-Double bottom pattern
All these bullish signs are dangerous for alts, if it closes above 70 i would beware.
But on the positive sign:
-Many alts are positive lately, showing higher lowers and are very close to nice bounce areas like orderblocks/golden fibs
-We are consolidating with a slight downwards angle
-We just had a small pump and wicked down instantly off the OB/0.5 fib could be a earlier sign of rejection
-The pump was a breakout of the double bottom pattern but we are back under the neckline now, if we start to consolidate above it or bearish retest under it maybe alts can get some love
-Daily RSI is under 50
So pay attention and understand that if BTC moves up your alt trades will quickly go under, if it continues to dump off a bit and consolidate then alts can get some love!
Click onto my main profile for 4 current altcoin ideas:
RVN QNT XTZ ICX
Educational ... Gann FanGann fan .. one of frequently used tools trading almost every single equity in the market .
it can give you a clue on CIT (change in trend) which is a marvelous way to have the trend from it's beginning .
and as you can see it also acts as supports and resistance ... off course in conjunction with other methods .. but sometimes i can only rely on this tool.
not to mention that it can act as a classical trend even before it's beginning ..
if you think you like this pieces of information .. tell me in the comments and i'll try posting them more ..
don't forget to press the like button.. your support is appreciated TIA
$BTC : CME Gaps on Bitcoin.This chart is just to reflect on later/view to identify the current gaps on the Bitcoim CME chart.
But why is this important?
CME, as a multi-billion dollar derivatives company, has no incentive to push for Bitcoin options and other investment vehicles if there simply is no traction or demand from the market. As the company’s executive Tim McCourt said, CME’s Bitcoin futures market facilitated around $270 million per day:
“We’re pleased our CME Bitcoin futures have rapidly evolved over the last two years to become one of the most liquid, listed Bitcoin derivatives products in the world, averaging nearly 6,400 contracts (equivalent to 31,850 Bitcoin) traded each day in 2019.”
$BTC : How do you like your Bitcoin scallops? Two ways!Possible descending scallop pattern on BTC.
Ive made two charts two show that:
1. We could be already playing out the breakout of this pattern (left chart)
2. We may come down now and this pattern can fail this is the real breakout of the pattern (right chart)
Descending scallops form the rounded bottom then after a short uptrend the price swings back violently before moving back up to breakout upwards of the point it swung back from, which is the breakout level labelled on the two charts.
Long for short term was clear!As you can see on the MACD, a crossover occured showing signs of an uptrend. Guess what - an uptrend did occur. Use the MACD!!! Also, if you had looked at the RSI a few minutes beforehand, you would have seen that it was at about 30-40, which COULD (not should) signs of going long! If that does not work for you, go for time frames such as 4H to see if your theory is correct!
VIRUS was TREND ANOMALYI made this chart at the end of 2019, It has played out correctly....SHORT OF A VIRUS HAPPENING...
After the Election in the USA, we are likely to see the world change.
Odd are in the favor of FREEDOM...we'll see...
END OF DECEMBER 2020... BTC LONG TERM TRENDLINE will break ABOVE the JUNE 2019 recent HIGH...
AFTER THAT... WE SHOULD BREAK THROUGH 20K LIKE BREAKING THROUGH PUDDING.
EASY HYPERBOLIC JUMP TO 170K-200K!!!!!
THIS WILL CHANGE THE WORLD FOREVER.
And all the CRYPTO PROJECTS that are SECRETLY BEING CREATED RIGHT NOW...
Will MAGICALLY APPEAR... TO SELL YOU THEIR COINS AT HIGH TICKET PRICES...
Obvious STRATEGY...
Expect BIG CREDIT CARD COMPANIES TO ALL RELEASE THEIR CRYPTO REWARDS CARDS INSTEAD OF TRAVEL CARDS.
Dollars, Mortgages, Interest Rates, Worldwide Commerce, WILL ALL CHANGE.
hopefully we build FREEDOM, and not TYRANNY.
USE CRYPTOS FOR GOOD, not evil.
Ethereum or Bitcoin what's the differenceSee previous postings. Will history repeat, or, will it be different this time. NOT ADVICE. DYOR.
Bitcoin best trend breakouts have been at beginning of quarter
Bitcoin best trend line breakouts have been at beginning of quarter. Will it be different this time. Box in yellow 1st two months of red candles after green. Add multi-time period charts (quarterly true range). Add yellow trend lines. Add dotted horizontals where weekly SPX closed above 100 WK MA . Add white horizontals to indicate high of last two red candles. Add 20 & 7 MTH MA's. NOT ADVICE. DYOR.
Update - My post April 2, 2020, "Bitcoin & Big Oil" Update - My post April 2, 2020, "Bitcoin & Big Oil" . First point of interest - Using MACD of USOIL (WTI) point before precipitous decline. See what happened when bitcoin closed month end above $365 NOV 2015 and thereafter. Notice in each case c.55% drop before rise. Bitcoin has yet to close out month above $9084.7. Second point of interest - Monthly Dollar Index if close below 98.82 (Mid point of volatility Mar 2020) see what happened to SPX when closed below 95.48 (Mid point of volatility Aug 2015) March 2016. NOT ADVICE. DYOR.
#BITCOIN Saturday Review [May, 17th]#BITCOIN Saturday Review
$BTC isn't overbought at all and still strong enough to defend $9400 - $9500. If the triangle is broken, we can see some growth till $9800, maybe a bit higher.
The best trading solution is to go long after the retest of the triangle resistance.
The #1 Question... When To Buy & Sell! (BTC)To all existing students we want to say thank-you for enrolling with Major League Trader! 😁
We are always working on developing additional studies to add to your current curriculum and we think we may of found an additional method to make the current "Crossover Strategy" even more powerful!
This will make the buy and sell opportunites even Easier to identify with less chop.
We will be adding this study to your course shortly.
Take a brief overlook of the chart of bitcoin above and notice how easy it is to find the major trend shifts.
We hope you will enjoy this addition to your study guide.
This will work with any market.
See you soon!
Happy Trading,
MLT | Major League Trader
Bitcoin to the moon watch SPX WK CLose 8/5/20See last couple of times what happened to bitcoin price when Weekly SPX closed above 100 WK MA. CAVEAT- Small sample size. NOT ADVICE. DYOR.
Bitcoin | Halving FOMO & 10k Mark...!!#BTC (Update)
On 12th March, Bitcoin Price Was Just 3.8k & Now It's Back Above 10k in Just 57 Days.
In Last 10 Days, Bitcoin Bulls Printed TWO 1000$ Candles, That's the Real Halving FOMO, We're Expecting.
Now, Bitcoin Hanging Between Strong Support (9.2-9.6k) & Resistance (10.4-10.6k) Range.
In Next 3-4 Days, Bitcoin Could Move Unexpected So Hold Some Bitcoin & Convert Some Bitcoin Into USD..💰
Warren Says “Be fearful when others are Greedy and Greedy when others are fearful.”
In Weekly Chart, Bulls Facing the Major Resistance, In Case of Triangle Breakout, Bitcoin Could test the 12k Mark..
In Weekly View, Breaking the Expanding Wedge, But We Should Wait for Weekly Candle Close..!!
Bitcoin Dominance Increasing As Well So Trading/Holding ALTS Has Risky So Better to Stay Away, Instead of Wasting Money..!!
By the Way, Bitcoin Block Halving Just 3 Days Away..!!
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!
