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Perfect Bitcoin descending channel on 4 hourly time frame.As i said in my previous posts we are in Ascending channel on the weekly, on the daily we broke out from our rising wadge to the downside (is going to be confirmed if close below 43.1k) and descending channel on 4 hourly. Yesterday i posted about the rising wadge on the daily and i was bearish, because on the weekly we have formed hidden bearish diverganece and on the daily berish devirgance. Everybody was bullish because of the inverse Head and shoulders and that was a perfect counter trade. Now is everybody going to be bearish because of the M pettarn breakout and call for 37k so we can counter trade them again around 40.5k or bottom of the channel and ride it to the upside till we retest rising wadge on the daily. What do you think about this descending channel and can we get a bounce? If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON
Long
by Mladen94
BTC BULLS ARE BACK BUT...Today i opened small short position on Btc because of the rising wadge retest on 4 hourly timeframe.The Bulls showed up and my stop loss was hit, however i am still in my huge long position from the bottom of the channel on the weekly timeframe at 33k. At the moment we are kissing huge 40.6k resistance.We got rejected and supported from that line in the past year at least 6 times. If we close dayli candle above the resistance line i am not going to open new position becouse i am happy whith positon i already have but i am going to buy as much altcoins as i can. Trade safe and much love to all traders. What do you think about my opinion? If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!
Long
by Mladen94
BTC 33K SHAKEOUT BEFORE BULL-RUN 2.0I have mentioned in my earlier posts that we are in huge rising channel on the weekly timeframe. On the weekly we are looking bullish, however on the shorter timeframes i see some bearishness. On the daily BTC has printed a bearish engulfing candel which tells me that retest of the bottom of the channel is most likely to happen. But that makes me even more bullish because RSI is most likely going to make bullish divergence which will bring us bull run 2.0 What do you think about my opinion? If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!
Long
by Mladen94
Have your BTC and drink it too (LONG) -Daily ViewHello there traders!👋🐶 Technically : 📈 In my opinion we are in a large descending-channel (bullish) We have gained much support near bottom of the channel 🐮, which should pave way for upward price action. Recently we have broken up and out of large descending channel, and created a minor continuation correction move (we can move into impulsive bullish price action very soon) Candlesticks: 🕯 There was a nice morning star candle🌞⭐ formed yesterday (after 4 red candles, a doji candle can be considered morning star,) and so far today we have a large green candlestick, this is confirmation of change in trend from past few days. The next candle will be very telling as well. Also, the fact that for the past few days we have been maintaining support above the 200 day MOVING AVERAGE daily view, is a very very bullish indicator. (In addition to that, we just had a golden cross of 50 day MA and 100 day MA, as long as this cross holds, BTC should go up, see below.) 🔥 This analysis is invalidated if we break back into channel. 👍🆗 Stocks such as Dow Jones Industrial Average index, could crash soon if we get locked down again in many areas of the world. Sudden crash in DJI (many large industrial stocks) in could have a short term negative effect on BTC, but overall will strengthen the use case of cryptocurrencies in general.👍 Below is a possible situation, not to be scared, just be prepared. Fundamentally: 🔍 Realistically there are only a couple months left of this "cycle" as many follow. The whole pandemic seems to have tampered with the BTC regular (1 and a half year bull, 1 and a half year bear,) cycle we just mentioned. Here is the thing, BTC doesn't seem to care much about the past anymore, as more and more people jump onto the bandwagon in fear of their money losing value in this financial collapse. 💲👁‍🗨⚠ No, I am not saying we will never crash , I am however, optimistic in the coming months, possibly up to the end of the year for BTC.😄 Furthermore:🐳🦈 The options expiry (futures, the put or call AKA long or short bets, will be locked in and profits either made or lost,) is coming out this Friday as it does every week, and this week is dominated by neutral to bullish call options. This means that there is going to be a lot of buy pressure to hold the price above 46k so that these call options (over a hundred million dollars worth) do not become invalid. See: globalcryptosociety.com for more info. Thank you for considering my bias today, and as always, happy trading ☯ P.S. soon to come ⏩ BTC horse race depiction 🤫😅🐎 🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you! Always have a stop loss ✋🛑💲 set🆗 Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome. Jazerbay
COINBASE:BTCUSDLong
by jazerbay
37
SPOILER ALERT : BTC IS GOING SUB 1500$Ladies and gentlemen, i'm back again. PLEASE BEFORE ANYTHING ELSE : CLICK ON THE LIKE BUTTON AND FOLLOW ME. YOUR SUPPORT IS VERY IMPORTANT TO ME. Now, let's begin with some serious stuff and recap everything in BTC since 2017 . For most of the crypto-space, yesterday was a terrible day. Maybe one of the worst there has ever been. For me, of course it wasn't. If you follow me since 2017 you know i have recommended to sell BTC holding's since 17-18k$ and to begin the short positions since BTC turned in bear market around 12k$ : At this time my charts was really ugly but hey, the idea and the price action were relevant. If you click on the link you will see a exemple of two of the gorgeous trades i shared last year. The first one was just chirurgical : The other one takes more time to release but was a success too : Since we hit 3200$ area in november 2018. I recommended to caught the "mid-term" bottom of BTC around 3500$ : . AND MOST IMPORTANT for the french community i made 2 educational videos were i explain a potential ABC super cycle correction. On these videos i said the TOP of the B should be around 13500$ (we were around 4000$ at this time) and guess what : it happened ! My last chart should soon be succeed and i can remember when people told me the chart was ridiculous. This is fun : I have a question. Is there on Trading View any single analyst who did such constant and precise work ? I'm not here to congratulate myself (well maybe a little bit) but what i want to share is that it seems we are effectively in a Super-Cycle B wave now and so I expect the C wave to break the 1500$ area. I know, by now, you are literally thinking : IS HE CRAZY ? And I know, as everyone i'm not perfect so i can be wrong some times (infinitely rare #sarcasmornot). SO NOW THE UPDATES, because that's why you are here : Let's talk about some facts. However i look the graph my answer is the same : A CRASH NOT END LIKE THIS . We are still way too high compare to the average price action before the begin of the bubble. In a technical way : - We have break down the triangle who was contracting the price since 2 years now and for THE FIRST TIME EVER we broke the weekly 200 MA (and the 200EMA you see on the chart in blue, but for the second time). A weekly close under the 200MA would be an EXTREME BEAR signal. I agree there are 2 more days to go before the close. Take a look at this chart : charts.cointrader.pro - Ichimoku shows bear territory in weekly AND MORE IMPORTANT a FLIP in bear territory on MONTHLY - Monthly RSI is in BEAR territory. - Monthly MACD crossed again in a continuous bear-market. - OBV and CMF are a disaster. With all time high sell volume. - SAR is now break. I know this post is not very optimistic, but more and more i'm seeing the chart, more and more i feel that the crypto-market is in a MASSIVE trouble. Yes it can only be because of coronavirus, yes the halving is coming, yes maybe BTC is the real revolution. If you follow me you know i'm a BTC supporter. BUT FOR NOW IM STILL BEARISH. A fall to 1500$ or even lower doesn't mean BTC IS DEAD (but probably most of the altcoins will be). Trading is a game of patience. Better days are to come. I'm now making chart for forex and stock too so follow me and say me in the comment section which chart you would love me to see me analyse. Wish you best luck everyone and remember IM NOT A FINANCIAL ADVISOR, I'M DOING IT FOR MY PERSONAL ENTERTAINMENT ONLY and the pleasure to share my ideas with you ! CHEERS
BITSTAMP:BTCUSDShort
by KassandrA_dotcom
65