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Btcsignal

Taking a Step Back - BTC 1d!Hello all! Back today looking at the big picture of COINBASE:BTCUSD because the small picture is very deceiving right now. Zooming out to the one day view, a clearer picture of what is going on, and some plausible trends emerge. I have highlighted the scenario I think is most likely. I find Stoch RSI to be a great tool lately, and right now it is without a doubt overbought. I see it following the pattern I outlined. This pattern can then be reflected in the normal RSI, where it can be observed that according to this Stoch plausible movement, it looks to stay within the current channel. The resistance at 60 is very strong and I don't see it crossing that. It seems only logical that it will break down at the end of the channel. This can all be reflected in price scenarios. I see the current price gaining support at 7,4XX, and then going up to the downtrend line, going back down, then breaking out of the large patterns. I have put lines with less weight in scenarios that I see but I think are less likely. Overall, I think we are going to be moving relatively sideways for a while, until a likely break down occurs. Let me know what you think!
COINBASE:BTCUSDShort
by ericbutler306
Best review on Bitcoin!Good day to all! It looks like bulls are exhausted and we are waiting for a correction at least to the zone of imbalance, as a maximum continuation of the downward movement!   Against the backdrop of a sharp increase in hamsters, the hope for rapid growth has mounted, but smarties use this and we are waiting for the landing of all weak players. The price came to a logical resistance on the VOLUME PROFILE, which coincided with the Fibonacci correction level on the 1d timeframe So maybe this whole movement was a big fraud, and the breakdown of the bearish line, too? This is not ruled out, as teak volumes fall, there are no bulls, and there were no large volumes for the breakdown of the trend line. On the four hour chart, we immediately see 2 hidden divergences on OPEN INTEREST INDICATOR, on a larger and smaller timeframe, which gives an early warning of the impending movement. CMO is in the overbought zone, showing a bearish divergence, which also speaks of the depletion of bulls EMA 5 sharply began to move downward, which in conjunction with the remaining signals makes you hold your finger near the SELL button, EMA 12 is pierced, another confirmation Is everything so bad? Not really. Definitely now it is worth closing a long position and waiting for a new opportunity to enter the market, but there is a good chance to see a rebound and growth in the near future. We have not punched the EMA 50, the nearest resistance is not so far, including the imbalance zone, and the closing of short positions on the open interest indicator in the past indicates the end of the set of smart positions. The business of professionals to observe and draw conclusions, not to be prophets, safely close positions, wait for a buy signal and pay attention to interesting violas, some ahead give signals on the market, and some are violating all the laws of the market, and promising big profits All Profits of FVB TEAM References to examples of the work of open interest indicators are attached. OPEN INTEREST v2 is already available
BITFINEX:BTCUSDShort
by fvb
LAST CHANCE TO BUY BITCOIN OR LAST CHANCE TO SELL BITCOIN??The cryptocurrency market capitalisation has lost over $100 billion over the past week, with leading cryptocurrencies falling over 13% in the last 24 hours alone. What has played a major part in this decline is regulator pressure, as well as the high sell volumes on the CBOE 0.38% and CME futures markets. Bitcoin’s bulls support that investors should remain calm and hold on to Bitcoin -7.70% , yet it is worth remembering that there are ordinary investors that bought the currency when its price was twice as high and the difficulty in mining only half of what it is now. It is likely that some Bitcoin -7.70% supporters may lose their faith in the cryptocurrency in case it falls from its current $7,000 levels to $6,000. What’s also worth noting is that Bitcoin’s improving transaction speed has harmed Bitcoin Cash -9.58% , created to solve Bitcoin’s scaling problems. BTH has experienced a 5,5% decline in the last 24 hours, now trading around $730. Pavel Durov’s Telegram has also encountered scaling problems. The impressive promotion of his ICO -12.50% project, TON, has led to a significant growth in the number of Telegram users, with the messenger attracting over 700,000 new users daily. Issues faced by it have seen service failures in the last couple of weeks. In all, the crypto market trading volume has plunged, and a rise may perhaps only be provoked by sellers. What’s on everyone’s mind is whether this is a good opportunity to buy or the last chance to sell. TECHNICALS OBSERVATIONS 1. RSI in oversold area.We can see also a bullish divergence as price had reached those levels again on 5th of February. 2.We can see the 2 descending channels,the wider blue channel and the shallow red channel which price respects both of them. 3.We can also notice the Ichimoku clouds that created a resistance zone which the decreasing demand for Bitcoin -7.70% as mentioned brought the price to rejection and previous lows. 4.We can see also all the important zones with the dotted black lines based on previous price action. 5. Volume indicator shows us that after a great sell of we had the buying volume the next day or two was way above the MA of the Volume indicator(Watch red arrows),this time we have something different as this buying volume isn' t there,at least not yet. POSSIBLE TRADES LONG POSSIBLE TRADE ENTRY AT 6.900 STOP LOSS AT 6.200$ TARGET 1 AT 10.000$ TARGET 2 AT 12.500$ POSSIBLE SHORT TRADE ENTRY AT 6.250$ BUY STOP AT 7.200$ TARGET 1 AT 5.200$ TARGET 2 AT 3.000$ THANK YOU FOR SUPPORT!LEAVE A COMMENT OR YOUR OPINION OR A QUESTION YOU HAVE! HAPPY TRADING!
BITFINEX:BTCUSD
by The_Greek_Trader
1
BTCUSD is consolidation over?From our previous analysis and its updates it was clearly seen that BTC went out of the triangle and now is preparing for the next wave of growth. After it was pumped above Fib 0.786 level the price started to consolidate and now it has bounced back from the mentioned Fibonacci level which is now strong support. Nevertheless, uncertainty about BTC price movement is going to end only in the beginning of April. Till this moment there are still 2 scenarios: 1. Price continues its bounce and moves higher to the next level around $10 800 2. Volume goes down and bounce stops, the price follows Stoch RSI forecast and moves back to the triangle and decreases till its lower edge around $6 400 Conclusion: BTC will obviously grow up and reach new ATH in the long term, however in the short term the price may retest 6k level before it starts a new wave of growth
BITFINEX:BTCUSD
by Skyrexio