BITCOIN SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
BTC/USD: Daytrade-preparation
Market-Sell: 11870
Stop-Loss: 12500
Target 1: 11200
Target 2: 10895
Target 3: 10425
Stop-Loss: 630 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,33
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Peace and good trades
Irasor
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Btctrend
BTC TP#3 Unknown Turning point 3 maybe consolidated before a breakout.
Due to key support around 3.7k most probably price would bounce up if reached.
Three channels of upward support line mentioned on chart. Dotted lines (upward Trend) are major support.
All info is simple and mentioned on chart. Hope you easily get it/
Remember panic is dangerous and being greedy is worst.
Happy Trading :)
Good Luck.
BTC Trend Update 10/04BTC halted its steady uptrend and decreased by 6% in 4 hours, however it has not yet passed the value of 6800$ which was a resistance until April 6th, when BTC broke it.
It will probably be tested as a support over the following hours.
By looking at both RSI and MACD, it seems like both graphs are preparing for a bearish trend.
This decrease could be similar to the one observed between March 27th and March 30th, which led to a decrease around 15% over a time period of just four days.
Even if that'd be the case, I think BTC will get back to its uptrend pretty soon, considering the sentiment around the market and the predictions about what's going to happen getting closer to the halving. What's your opinion?
BTC Trend Update 06/04The trend is upward and BTC has managed to break the previous resistance around $7000.
Even if its value would decrease again over the next few days, there seems to be a robust support around $6800, as BTC's value has been slightly fluctuacting around it since the beginning of the month.
Taking a look to MACD index, its pattern is showing a similar behaviour with the one pre-COVID rush out of markets.
BTC - Short Term ViewGreetings!
I couldn't find a better moment for a short description of my market view than this one, when the market is flat, if you want to see the whole picture take a look at my previous ideas.
Things are simpler than we think, there is a cryptocurrency market in a digital world and we see that the whole world is shaking before something we call a crisis.
Once the the Fiat Currency System will start shaking too, lots of investors will take a seat at the cryptocurrency table.
Notice That: Everything happens with a reason, mine is to be right in the decesions that I make.
This is not a trading advice!!
Take Care,
St.Gex
BTC Trend AnalysisI identified a pattern repetition between the current situation and the market behaviour from February 18th to February 27th.
The market showed a downtrend in the mentioned period, divided in the following steps:
1) it started with a steep decrease in value of approximately 10% , bringing BTC value from 10300 USD to 9400 USD in one day;
2) then the value rose back to 10000 USD, meaning a 7% growth , in 4 days;
3) in the last stage there was a fall back, with BTC value dropping to 8600 USD in 3 days, a 14% decrease .
In the current scenario, we saw a drop in the value from 8200 USD on March 10th to 4800 USD on March 13th ( ~ 50% decrease ), followed by a recover to 6500 USD by March 21st ( ~ 40% increase ). The development appears to be more extended over time, since the duration of each stage is being approximately doubled.
If the trend would be consistent with the previous one and the percentages would be proportionate, this last increase could be followed by a decrease of approximately 70% in BTC value, leading to a drop close to 3000 USD in the next weeks.
What do you think?
BTC- Short timeframeThis is a continuation of my first ever post minutes ago.. this are my targets.. my resistances at red and the bullish support at black where i will be rethinking on my bearish sentiment if that line doesnt get break down in the short-mid term.. in the end im thinking simple as i always try to do so in trading ... if my short time frame resistances dont break in short term like the 8.9k and 9ishk i belive we will get pushed down to that channel of 7.8k - 8.7k again and confirming my theory that the bearish market is still a few months away of ending .. Simple strategy 8.9k - 9k resistance if btc cant pass from this shortly we mostly will se a down movement to 8.4k or 8.5k and after that 8.7k becomes resistance and the stair pattern like this to the previous low of 7.4k where i think we will break down with capitulation fase of bear market to 5k-4.5k and start the new steady and rising bull market .. Please comment your opinions good or bad about this .. it can be TA opinions or fundamental oppositve or in favour i just want to discuss this view with others.
BTC must stay above 200 Daily SMA to hold rally.BTC has finally broken our downtrend channel resistance. Could be a mix of a short squeeze and also Bullish news from China that has caused this rally. Will that be enough to make a reversal from our downtrend channel?
As of right now BTC is holding above 200 Daily SMA(red) which is a good sign but we can't seem to breach our 100 SMA(orange). Even if we break our 100 SMA to the upside, we still face resistance from 10.5k to 9.6k (red rectangle area).
We need 200 SMA to be support and not resistance for this rally to continue.
1 Monthly Chart
If we take a look at our Monthly, it doesn't quite show a downtrend but rather a triangle. We held above our 50 SMA(green) and that's where we made our bottom and prices are holding above our EMA's(yellow/purple). We shall see what next month's candle brings us to have a better idea of where we're going. If we make a bounce here we could go as far as 11-12k to test our pink dotted trendline resistance. But there's a good possibility that if we go for a downtrend that we can revisit the bottom of our pink dotted support line sitting anywhere from 4-5k. But where we go from our current prices, I do not know. Just have to wait for next month's candle
Bitcoin is the most Fascinating phenomena Today’s rise is really remarkable 35% in one day. WOW
BTC still the best performing asset in the history of human kind.
We have been consolidating for 31 days without any clear direction, what happened next was a retest of bear power who tried to bring the price down and failed.
Remember, trading is a constant war between the two sides (bears and bulls) and the chart is a record of their battles. This is how I look at the chart and it helps me a LOT! Always think about what the enemy is doing, what move would make sense, which side is showing weakness. This will improve your trading.
Bulls are showing power now, I am going with a trend. Don’t have a specific target, but I am longing this one.
BITCOIN : BREAKING - Bulldivergence detected on 4H and 6H chartsIf you didn't read my educational content, you can do it here first: How to making LOT of MONEY - Hunting Divergence
So again: bullish divergence formed in the last 6-7 days.
4 hour chart divergence here:
6 hour chart divergence here:
6 hour chart divergence is a very rare and strong indication of short term trend reversal!
This 4H RSI(20) could be a potential already happened breakout and after this a little pullback enought for me to opening a short term higher margin LONG position:
CONCLUSION
Before entering a trade:
CRITERIA 2/1) : I want to see a higher low after a little pullback or triple bottoming the dotted line.
CRITERIAL 2/2 : This pink line on RSI(20) must to stay valid.
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BTCEUR, Trend Prediction 10300÷10700 EUR on COINBASE PRO.BTCEUR, Trend Prediction COINBASE PRO.
The movement of the trend goes horizontally and it is possible that it may proceed in a new channel that at the moment is still too open to guarantee a strong upward trend.
The FIBO retracement, studied on medium precend, marks the levels higher than the resistance line (RED) which at this time the BTC has not yet exceeded.
Probably BTC will move up.
Possible levels:
+10750 euros
+10300 euros
+ 9600 euros
#surfthetrend if you are a #trendsurfer
Monday BTC news comingG20 leaders had called for taxes on cryptocurrencies during the summit weekend in Argentina.
That is of course lead to the fact that Bitcoin and other first cyptos all slipped on Monday in Asia.
After the latest more or less good news about stabilizing Bitcoin, it lost 5.04% to $4,041.3 by 10:31 PM ET (03:31 GMT) on the Investing.com index. Quite a siginificant drop, compared to the Ethereum down -4.59% and XRP - 3.37%
Bitcoin continues to fluctuates around $4000 range after losing roughly 40% of its value since mid-November.
Today in the morning (03/12) , it was reported that members of the G20 agreed to work on international effort for the regulation standards on cryptocurrencies to put it in the line with standards stipulated by the Financial Action Task Force (FATF).
The move is seen as an effort to curb tax evasion by investors and traders of crypto-assets.
Overall, the efforts of G20 finally will go only for the best for the majot crypto and conisdering such announcement, the BTC could be expected to raise in price this week. But not goving long-term predictions, I would say today it would continue the hold around $4,200.
BTC Short term retracement $6100Btc/usd trend analysis: 3 resistances converging in the same zone, the Price touched $6421/$6431, where the 21 Ema of the daily Bollinger bands is and got rejected, there is also a yellow line resistance in the same spot, this line is the main downtrend line that it has been rejected the entire year, a little above that one we have another thin black deciding line that represents a small downtrend channel since September 22.
In resume I expect a retracement to the low side of the BB and the blue line I've been talking about many days ago which is now between $6025 and $6070 (this can take a few days)
- Trading Advice: Don't base your trade on the analysis, you have to make a strategy or a trading plan based in that analysis and always consider the possibility that if the analysis fail what would you do?
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BTC MARKET UPDATEToday we will review one interesting pattern in trading, which appears rarely in the world of technical analysis. The pattern can be seen below on BTC D1 TF is called a compound fulcrum. The pattern consist from inverse H&S and H&S patterns inside a wedge.
This is a very bullish pattern and sign for atleast local reversal. BTC is currently at a point where it has to make a major move.
BTC D1 TF (Bitcoin Compound Fulcrum pattern)
The similar patterns we've seen in the past, for example copper. Between 1975 and 1979, Copper Futures entered a compound fulcrum which is very close resembles the one we see in the case of BTC. As we see Copper Futures price made 2x after compound fulcrum.
ibb.co
Copper Futures 1974-1979 (Compound Fulcrum pattern)
Capestone Turbine Corporation (CPST) daily chart below shows that compound fulcrums have also been seen in stocks. Between August 2013 and December 2013, we saw CPST trade in a compound fulcrum. Towards the beginning of January, the price shot up to the top of the wedge and then broke out of it to continue a new bullish cycle and also made 2x rise.
CPST D1 TF Aug 2013 - Jan 2014 (Compound Fulcrum pattern)
So now lets discuss what target is by BTC according to compound fulcrum pattern.
Before reversing trend to bullish BTC should breakthrough EMA21 (7000$) and EMA50 (7180$) on weekly timeframe (BTC W1 TF), then the road to bullish market will be opened.
According to our previously mentioned DIAMOND pattern we have the target at 7800$. Now lets add target by compound fulcrum: first one at 8500$ and then second at 10000$.
BTC D1 TF (Targets by BTC Compound Fulcrum pattern)
SUMMARY
I have a feeling that soon we can see bullish rally without returning back to 6k$ level. Previously I've supposed that BTC will rise to the area at 7200$-7400$ and then drops back to 6300$ or even lower to 5850$, but now I'm in doubt about falling back.
Anyway hope you have opened your LONG positions and after each rise we will update stoploss.
And important remark: dont expect non-stop rise till 8500$ or 10000$, the rise will be with bounces at restistance levels at around 7050$-7200$ (EMA21 and EMA50 on D1 TF / Kijun on D3 TF) and at around 7700$-8200$, depending on how fast the rise will be, BTC could probably bounce from lower border of Ichimoku cloud on D3