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Btctrading

BTC September Price RangeMass Integration may begin to roll in once we are clear of the this Bill. With that being said here are my price predictions as we move through August & into September. If the bill gets strung out & things get messy, say it carries over another full week we may find ourselves in a Head & Shoulders & may consolidate between $36k - $40k. Say we get clear of the Bill, we will continue to create Higher Highs with slight pullbacks which should put us around $52k end of month. We get clear & Mass Adoption kicks in, we may see those Feb. 2021 spikes kick in & send us to $60k+.
COINBASE:BTCUSDLong
by Kyle_Kinnaird
BTC bullish movement in 3 small levelsLevel 1 - breaking out of the descending triangle, which could act as a continuation pattern for BTC with a target closer to 59.5k(approx) Level 2 - There is a strong resistance zone above level 1, if we break this zone, then the price is going to walk towards ATH approx 64800k Level 3 - If the price breaks above this, BTC will record a new ATH in its account. What do you think about this? Your comments and views are more than welcome! Thank You! Disclaimer: These are only my observations, please do your own research before following anything blindly. Due to its volatile nature, anything can happen at any time.
COINBASE:BTCUSD
by fullofsoul3
1
Bearish target for BTCUSDFibonacci Retracement tool: We can simply observe that price tested .382 level support, then it fell to .5 which could act as a strong support and the next level after breaking the support at level .5 would be the .618. Interesting thing to note here is: yellow ascending broadening wedge breakout target(50190 approx) matches almost with .382 level of fibb . This target is already met as mentioned in my previous idea. green rising wedge's target matches exactly with .618 fibb level (43114 approx) It seems price will retest .382 level, if it will act as a resistance then for sure we are breaking down to our next short target. Disclaimer: These are not the trade signals, only my analysis and observations.
COINBASE:BTCUSDShort
by fullofsoul3
ALL EYES ON BITCOIN - 22/08/2020What's up traders? Hope you made some profit yesterday. Let's start with today's analysis and next trade alternatives. INTRODUCTION: As always, before moving on with the analysis I would like to highlight that I base my trading on 3 different time frames which we will be looking at during all the series, those are: 1D, 1H and 15m. I also use MACD and RSI to follow up with the momentum on the market and I have 2 EMAs plotted which are the 50 day EMA & the 200 day EMA that I use to see the trend in each time frame. (We say that when the 50 day EMA it's above the 200 day EMA , we are in an uptrend. (The opposite in reverse) After taking into account the principal things that I use in my trading methodology, let's start! LAST TRADE UPDATE: As I told you yesterday I was waiting to see a break of the horizontal channel/range that I have drawn on the chart. Because It broke the bottom part of it (red rectangle), I entered a short position at 11586$ which I closed around 11485$ because I was seeing the price trying to move up and I wanted to close the position to go to sleep lol. Finally, it went down until 11387$ but anyway, WE TOOK SOME NICE PROFITS! WHAT ABOUT TODAY? As you can see on the chart price bounced from 11387$ maybe because we had a bullish divergence on the 1H chart as you can see in the MACD, indicator made a double bottom but price made a lower low. Now price it's around the 11600$ level which has been rejected 3 times since the bounce. on the 1H chart. The 11600$ level was before a support that had been rejected many times but in my opinion now it has turned into a resistance. For now my bias is bearish as we are in a short-term down trend and I can't see any divergence in momentum in the high time frames. However, I have not taken any trade yet because I'm waiting for a confirmation. Let's move one to today's trading alternatives. TODAY'S TRADE ALTERNATIVES: - I will enter a LONG position if we break the 11650$ level. (I will wait for a little correction and then enter the market) - I will SHORT if I see price starting to fall from the 11600$ level with strength, for now we can see how candles have been rejecting that level but I can't see strength on the rejection. Also looking at the order books the drop isn't clear for me yet. (I will wait for a little correction and then enter the market) If I can give you a tip is that whatever happens, alway stay awake and monitor the trade until profit are in your hands. In order to find my exit zones/take profits I will be looking at S/R, momentum divergences and EMAs rejections. Whatever happens, I'm ready! Thank you for making it here, I hope you can leave some comment, question or tip, I will really appreciate it. See ya on tomorrow's analysis of the market. GOOD LUCK!
BITMEX:BTCUSD.PShort
by Fronteos
This bearish sign could change things.Ok, the 9592 served as a resistance as we thought, and finally we see some correction here on BTC! And that’s fine, corrections are natural and healthy movements, as nothing can go up forever. But, before we begin, I invite you to follow me to keep in touch with our trades and analyses. The bulls should be aware of this possible H&S pattern (pink curved lines), it wasn’t triggered yet , but if it closes under $ 9309 (blue line) we may see a sharper correction. It seems it’s not going to be triggered, but keep your eyes open, just in case. Now the daily chart: It’s trading above the blue line at $9.2k and above the 21 ema, and these are good signs. It seems BTC found a resistance at the green trendline, but this don’t bug me though, what is really annoying is the low volume. The good news is the green candles have higher volume than the red candles in the past few days, and that’s a ray of hope. I’ll keep what I said in my previous analysis, BTC is more bullish than bearish, but there’re reasons for a sharper pullback ahead, especially if it does a bearish pattern right now, under the trendline and it closes under the light blue line ($9.2k). Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
2
The most challenging moment!Hello investors! BTC did some bearish movements during this weekend, and we are going to study it now. I always like to look at the hourly chart to search for some early signs of reversion, and it did a double top around $ 9.3k (blue line), and it lost the thin black line around $ 9.1k, which was support and resistance about seven times in the past. If BTC is going to test the $ 9.1 again, the price must trade above this pink line, which coincides with the 21 ema. If that’s not the case, BTC will seek lower supports, and the daily chart can give us more clues: BTC should react quickly because it has no immediate supports, just the $8k (red line) and around $ 7.5k (blue line). Also, the 21 ema is pointing downwards, the price lost the green trendline and it failed in surpassing the light blue line, which was something determinant in my view. Personally, I’m out of BTC now, I set a stop at my entry point, which was the high of the bullish engulf evidenced in the chart, and I’m just waiting now. I’ll focus more in my stocks, while BTC does nothing interesting to me. If you missed our last trades and analyses, the links to them are below. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Now, let’s see the weekly chart for some insights: Yes, BTC failed completely in escaping this descending channel, and it may drop all the way back to the ema if we don’t see a clear reaction here. Now BTC is at a very decisive moment, let’s see how it will behave this week. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
Time to book our profits? Not yet...Ok, so something weird happened today here! Some bears came out of nowhere and they left this massive candle. They managed to hit our black line, proving again that this is a strong support, but the price bounced back . It seems it doesn’t matter the bear’s power here, the bulls managed to retaliated back! So, BTC did a false breakout from this red line, and the live goes on. Some day traders earned a lot of money today, some lost (the majority imo), but we, the swing traders, are still here, without any major surprises. Let’s see the daily chart for more clues: It seems the price dropped just to find its support at the 21 ema and the light blue line. I already told you guys, that I wouldn’t be surprised if the price hit the green trendline again, and this wouldn’t spoil the bull trend. But, since you’ve reached this far, remember o follow me to keep in touch with our trades and analyses, and support this idea clicking on the like button! We are long since this bullish engulf evidenced on the chart, and there’s no change or surprises so far, our trade is going fine, and let’s see what BTC will do next. I don't see a clear reason to book our profits yet, especially since we are on a streak of winning trades, so we can take our chances here. In any case, the weekly chart is very bullish in my opinion: Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
12
We warned about the OPPORTUNITY!Hello everyone! So, BTC did some nice moves in our favor during the weekend, and as I said in my last BTC analysis, we can expect some volatility and erratic movement. If you are new here, I invite you to follow me, I do daily analyzes about BTC and some alts, and you’ll keep updated about our trades. Also, I’m sure you’ll find something interesting on my twitter, follow me there too. Now, back to BTC, today’s candle is a sign of balance, the bulls and the bears have almost the same strength here, and this candle has a name, it is a Doji. We are long since BTC triggered the Bullish Engulf, as seen on the chart, and now we are managing our position. If you missed our last call, the link to it is below. Now it’s not time to buy BTC, neither to short, we are just managing our position, when the time to sell comes, we will know. Let’s look at the hourly chart, as usual: The price found a resistance at the orange line, which is a previous top, and did a pullback to its supports, namely the blue line and the purple trendline. BTC respected its supports, and now it seems it found resistance again at the 21 ema. It is still a bullish trend, and there’s nothing for us to worry about right now, and our trade is giving some good profits already. So that you don’t miss any of my future calls here, remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
6