BTX
XBTUSD Excellent short opportunity setup, Limit orders setupCurrently developing the E-Wave, all signs point to overall bearish. Looking for the final leg upwards before the next drop downwards. Great Shorting opportunities!!
I have my short entries set at XBTUSD: Kraken 5(X) leverage:
Entry Short (set up limit orders for the following positions) : 3475/3500/3550/3600/3650 ---> also increase the amount added to each short as the price advances. Make your base position entry at 3475.
SL: none/ only commit 20% of your funds to this position- if it goes above (highly unlikely) 3650/ take more short positions until 3850 --> unlikely
T1: 3300
T2: 3250
BTCUSD - Fib Short Swing PlayPremise:
1. The current unconfirmed hidden divergence will confirm under the 786 fib.
2. The SRSI will then correct downward.
Execution:
1. Scale hedge short between 4625-4743
2. Stop at 4900
3. Target 1 : 4350
4. Target 2 : 3800 (hope not...)
Result:
1. A 6.26:1 RR trade is achieved.
0x Scalp Trade AnalysisZRX has been consolidating over the recent days within the $1-$1.2 channel. Market Contractions lead to market expansions. ZRX has had lots of buying over the past 24 Hrs on most exchanges which is being reflected on the current charts. Im expecting an increase in volatility as we are testing the upper trendline resistance on the daily, which has applied pressure to the downside. I am looking for a break through in the following hours/days which would lead to another meeting of the $1.35 region where we wicked to priorly. Once this region is fulfilled I will watch for a continuation to the upside to the $1.50 level. Not only Is this a resistance level on the daily but it also aligns with the 200% FIb target. At this level I will look to take some short term profits and look to buy back at a lower level.
26th July 2018 - BTC / XBT - Next Wave UpSerious Bitcoin move incoming, yellow curve is my old correction curve being still ok with the last BTC moves.
HIVE.ca (TSX) LONGGreat set up on this blockchain stock. A green close on the weekly here could show signs of trend reversal. $HIVE.ca $GBTC
Bitcoins trens is still intactOn a logaritmic scale, Bitcoins trend is still intact.
It's the right moment to buy now. Before 2020 Bitcoin can reach $100.000.
#BTC #BTX #Bitcoin COINBASE:BTCEUR COINBASE:BTCUSD
BTC Daily - BIG PICTUREIf the first support holds, BTC could form a strong 3rd wave.
Latest LONG entry after breaking the 10.000 resistance and making a higher high.
BTC Weekend weakness RSI shows a very weak bull pushing the price, the prices will most likely drop below 2760 before testing next resistance
don't panic!A healthy retreat before the mayhem errupts, don't forget china is on the horizon with one of its major platforms to release ETH, that will drive big volumes! now, to the technicals, a slight retreat to the ~265 before the next runup, the RSI looks healthy enough to retreat for 50%. the stars align for Wednesday's breakout right at the cross of major support from previous troughs.
Classic Cup and Handle Looks like correction turned to upside after a classic cup and handle, another indicator that we may be approaching another rally; confirmed by positive momentum on MACD and RSI is above 50%. Another big indicator is the crossing of the 52 day SMA, we should see a little bounce around the SMA before a potential breakout.
waiting for more indicators I am still unsure if this going to continue on a bullish trend. Signs I see on the 1 day are: the RSI is not over bought, the OBV is not telling, bullish T K cross above Ichimoku cloud, the current price is well above bouncing off the 50% fib fan (or my secondary support), the other fib tool shows a potential bounce off the 50% -not in great range % but headed there, and the volume does not appear to be as strong on this drop so it may be headed up.
Another opportunity on Bitcoin Last month, we talk about the range about to break and advised to go short on a break with a TP at 520$.
It worked perfectly.
Now we are set for another opportunity with a range between 550$ and 600$
Here is my plan:
Trading Plan to Buy:
Condition (When): If it closes over the first resistance(600$) at 605$.
Stop Loss: We exit if the price breaks the upward trendline at 580$.
Take profit: Under the resistance(660$) at 650$.
Risk/Reward Long: 25$ / 45$
Trading Plan to Sell:
Condition (When): If it closes under the first support at 550$.
Stop Loss: We exit if the price goes back into the range at 580$.
Take profit: Before the second major support at 480$.
Risk/Reward Short: 30$ / 80$
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