Btcusdsell
The downfall of BTCUSD Hey Guys,
Since i've been a hodler of crypto, i can't help myself but to accept the reality that BTCUSD is headed for another correction.
As you can see in the 4H TF, BTCUSD had a pullback moment at the level of 0.382 followed by a downfall.
Hence, I believe we can short this trade to the previous lowest point at 6042 and observe for the next trend.
T/P at 6042
S/L at 9847
R:R 1.7
Please don't trade more than 2u% of your capital
Hope you earn some profit out of this trade
Cheers!
BTCUSD Coinbase Price Downtrend EvolutionAfter the 10K support line been broken, BTCUSD is following the logical and natural trajectory down to more appropriate pricing levels compared with the other alt-coins and the evolution of Blockchain. The professionals, regulators and analysts are now more aware of what Bitcoin is and they already realized its price was following a manipulative and bad speculative trend. 2018 is already an year that people getting into the crypto world will be more protected against the evil market speculators. Bitcoin failed to become the safest and strongest economic asset and there will probably be others ascending with a more decentralized, fast, cheap and accessible for adoption among real businesses. Bitcoin failed to keep its position there due to already expected flaws in the applied concept and obsolete of mining and energy consumption. Before it gets to the bottom and it gives opportunities to other ideas, many events should happen, specially by fighting against the interest of huge groups that made tons of money in its boom. But the descend has already started and its easily seen by using technical analysis.
Keep following up this idea here where I intend to post more in the comments below according to the evolution of all this.
Bitcoin has made a pullback to our selling entry, remain bearishSell below 11786. Stop loss at 13109. Take profit at 9328.
Reason for the trading strategy (fundamentally):
There hasn’t been positive news nor negative news on Bitcoin recently with the latest one being Goldman Sachs CEO denying that they were going to launch their own bitcoin trading desk. We’re seeing a bit of a squeeze around the 11,600 range area and when such a squeeze happens, the next major news would usually cause a very volatile price reaction.
Reason for the trading strategy (technically):
Price is making its pullback to our long term descending resistance line and also major resistance at 11786 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to at least 9328 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.
BTC: Rising wedge on 15M chart, 50% retrace of down-legDowntrend may continue.
Price is near apex of wedge, and at 50% retracement of the down-leg from 14K.
Trend is friend.
Bitcoin profit target reached, prepare for another bounceBuy above 14126. Stop loss at 13247. Take profit at 15391.
Reason for the trading strategy (fundamentally):
Bitcoin has been dropping strongly largely due to an SEC pushback that has led to several ETF proposals being withdrawn. There were several firms which were looking to list ETFs tied to bitcoin but the SEC “expressed concerns regarding the liquidity and valuation of the underlying instruments”. This has shaken the confidence of bitcoin investors which has led to the recent decline.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly below dropping down once again as expected. We look to buy above major support at 14126 (Fibonacci retracement, horizontal overlap support, bullish divergence) for a bounce up to at least 15391 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) sees strong bullish divergence vs price and is a good signal that we’ll be seeing a strong bounce from here.
CRYPTO : BTCUSD LONGTERM SHORT BASED ON H&S + ABC CORRECTION !!We've got a Head & Shoulders pattern completed (it is cleaner on the H4 but I've charted on daily to show the ABC correction as well).
Our first target will be $8k and second target is $5k. Stops would be above the $17k psychological resistance level.
Now that we've broken the neckline, I would expect a retest of the neckline as previous support and should now hold as resistance. This would complete the B-leg and from there a deep correction back to $5k-8k.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.
BTCUSD : OVOHi traders,
Crypto currency.... BTCUSD! Since people are all over in my ear about it, I'll drop my first analysis on this subject.
As we easily all see, BTCUSD had a super good momentum going for it crashing the 10K easily and wick quickly over 11K within the same day. When I look over the last correction this pair, it lasted 4 days and had an even greater drop that what we are witnessing now. If we are having the same type of movement that we just had, this would drop down the price to around 8K.
We seem to have a good support at those levels. Its either an amazing opportunity to go LONG.. or the last stop before a full retracement of the UP move of 2017.
I know Bitcoins are the new thing and its getting mainstream as hell at the moment. However, I can still compare it to gold.
Gold had the same thing where it traded for quite some time at a very low volume and very low price. Suddenly, when it broke its first resistance and went on with that crazy bull run to 1900$/oz.
We just might be on the edge of a big correction. Let's just see how this plays out.
BTCUSD SHORT:
ENTRY : 9838.20
SL : 10111.55
TP : 8051.25
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade
