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BTC Short Opportunity Risk/Reward: 3 & 5.1 [BTC/USD]Hello guys, so wrapped up in schoolwork. Due to how the fractals are playing out I expect a lower high currently and then rejection and a short opportunity as stated! Don't get bitmex rekt guis Fractals <3 This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose. If you liked this short post, be sure to follow and like . It really helps out :D ~Xander
BITFINEX:BTCUSDShort
by XanderCrypto
1
BTC at Crucial Support Area - Break Down? If yes, $5,000 soonWe are nearing our crucial support area at $6,700 area - we do not want a solid break here - this has been a long term upward trend support line and if we break it - we will crash hard. If you're in Alts or Bitcoin this is something you need to watch carefully. In short term I see a bounce that occurred, that is very positive signs. Nevertheless, all market has been in red today. I believe in Bitcoin and think that we will overcome any FUD and downtrend, but just be alert if trading in this market. Enjoy! Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
COINBASE:BTCUSD
by CryptoManiac101
Inverted Cup with HandleThe above figure shows an example of an inverted cup with handle chart pattern (in red). Price makes a gentle rounding turn, forming the inverted cup. Following the cup is the handle, a flat region in this example that stretches from March and into April. Price jumps upward for several days and creates another inverted cup (in green) before starting a new trend downward. Definition: An Inverted Cup and Handle pattern is formed after a pullback from a swing low sells off strongly to the prior swing low and stalls due to underlying support. The security then stalls much like a bear flag with slight upward pressure before breaking down below support. Background: The power of an Inverted Cup and Handle lies in the fact that after hitting underlying support from the prior swing low, a very minor correction is put in. The stock then breaks down past support which can be a sign that overhead supply in the security may be increasing. Inverted Cup and Handle patterns can be stronger when the next logical place of support on the chart after the breakdown is a considerable distance away. Practical Use: Technical analysts often use Inverted Cup and Handle patterns as selling opportunities because of their ability to "prove" the lack of buying pressure during the timeframe being assessed. Inverted Cup with Handle Identification Guidelines Price trend: Just over half the time, price trends upward leading to the pattern. Rounded turn: Look for a smooth, rounded looking turn (an inverted cup), but allow exceptions. Cup rims: The two cup rims should bottom near the same price. Cup handle: To the right of the cup should be a handle. Cup retrace: Handle must not rise above the cup top but should retrace 35% to 60% of the prior down move. Confirmation: The pattern confirms as a valid one when price closes below the right cup lip. The inverted cup with handle pattern is tied for the best performance with high and tight flags in a bear market. In a bull market, the performance is middling; the failure rate is a bit high, and the average decline is meager.
BITFINEX:BTCUSD
by TheWolfOfBinance
BTCUSD - important trend decision square Hi to all ! I drawed Bitcoin most important white diamond decision moment at 4hour chart. As you can see, Bitcoin finally reached a cross created from main uptrend and all time high correction. In my opinion, in next 2-3 weeks, we will see important breakout and raw truth. If we want to see bulls in near future, for me I´ve got 3 basic conditions: 1. BTC needs to get above blue line ( EMA 50 ) 2. BTC dominance needs to increase above 55 - 60 % of market 3. BTC can´t dip below lower green dotted line and close 4 hour candle there with next,continue "confirmation" ( red ) candle If BTC will be capable to break below " head peak " of head and shoulders formation, It´s really possible to reach 786 level of Fibo retracement. So please, be careful , If you trading. That´s all for now , but check my updates : ) SIncerelly, Mario Emvo. *This is not a financial advice. *For education purposes only. Please, never trade by my charts.
BITFINEX:BTCUSD
by EmVi
5
The Winter Is here! BREAKING DOWN 'Death Cross' The death cross can occur in individual stocks, within various funds, and when examining indices and averages. Considered a bearish signal within the market, a death cross occurs when the short-term, 50-day moving average, also called a price trend, crosses below the long-term, 200-day moving average. It is named a death cross due to the X shape it makes when the trend is charted and is often considered a sign of further losses for a particular stock. The death cross is seen as a decline in short-term momentum and can result in further losses as investors move away from the particular investment vehicle involved. However, it is not a guarantee of further losses as other market forces can override the fears relating to the trend. Further, a death cross is generally seen as temporary when examined in the long term. Understanding Moving Averages Moving averages relate to the change measured within a data set over time. In financial terms, the moving average monitors the change in a particular asset's value from day to day, focusing on the mean between two particular consecutive data points, to chart a course. This demonstrates the asset's current momentum within the marketplace. Death Crosses and Market Averages A death cross can be formed when charting an index fund as well as individual stocks. During times when all four major averages, the NASDAQ, Dow Jones Industrial Average, the S&P 500 and the Russell 2000, fall into a death cross simultaneously, they are generally referred to as the “four horsemen of the apocalypse” due to the negative connotations surrounding the event. Significance of a Death Cross Generally, the significance of a death cross is related to recent changes in trading volume. The higher the trading volume, the more meaningful the death cross is said to be, and vice versa. While some consider this movement as a foreshadowing of changing market trends, others believe it better represents trend changes that have already occurred and may not be indicative of future potential.
BITFINEX:BTCUSD
by TheWolfOfBinance
2
BTCUSD Broke the 200 saw the 300 much faster than I expectedThe failure of the 200ema saw price reach the 300ema. Price is currently held up by a small yet notable buy positive volume shelf. (See the values of the VPVR on the right) If we fail the 300, we go down to the 400 where there is a new buy positive shelf that is much larger and more supportive as noted by the range size. Currently, the volume indicates that IF we fail the 300ema we may see the triple bottom at 5900, I speculate we don't drop past 6.4k
COINBASE:BTCUSD
by jackdavidpiney