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Criptomarket

BITCOIN - Overview and opportunitiesGood evening traders, overview on BTC. H4: The coin is on short term uptrend as we can see on left chart, we have an already confirmed uptrend (3 touches) e therefore we can search for buy oportunities if the price go there again, wait for rejection and then buy. : Im using LOG CHART and then we can see there is a downtrend confirmed by 3 touches and now we broke it upside, now the price is re-testing it again and so far rejecting it, good bull signal. Daily: We had a clear bull trap above 200 sma that for sure killed some bears stop losses and triggered some early bulls into the market, now this moving average is our current resistance level for aim 6000~6400 level. So now, whats the plan? For selling: Wait another test and rejection on the daily 200 SMA. Buying: Wait anothe test and rejection on our H4 uptrend. Interesting levels to watch: 1th support level: 4800 usd Current resistance: 5370 usd (200 sma daily) Potential upside target: 6000 and 6400 usd. (Medium term) Enjoy it? Leave a like! This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
BITFINEX:BTCUSD
by MarcelMartins
6
Bitcoin - H4 outlookGood week everyone, H4 outlook for btc. As we can see btc is one more time approaching resistance level (orange) and it'll try to break it again. Bullish confluences: - Low volume on selling waves (check indicator), looks like there is no interest selling right now - Thats candle spikes (like the balloon demarcated one) are definetly killing some bulls stop losses, whales are eating them and this is bullish behaviour. - Ascending trendline already confirmed, touched more than 2 times. Bearish confluences: - Small rsi bearish divergence, no big deal IMO - We are closing WEEKLY resistance (check related idea) Strategy: either wait another touch on trendline and scalp aiming resistance or wait for a good breakout with reasonable volume (not huge, just above average) above resistance and aim previous resistances at 4600-4800 zone. This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
BITFINEX:BTCUSD
by MarcelMartins
BTC - No trade zone Good evening everyone , BITCOIN is trading between 3200~4000 range for a while now. For my personal strategy this is a no trade zone, now if you trade on short timeframes with tight stop losses and target profits then of course this is a natural and good trade zone for you. Now what i expect for btc? If BTC break and close above 4200 level it'll likely re-test the 50 EMA around 5000 zone and if the bulls come with strenght and maybe some backdoor euphoria/fomo we might reach 6050 level. On other hand, as we can see on the chart the 3000 level was a strong resistance and support zone and recently our 200 weekly SMA , if btc break below this level we will likely see 1800. Personal feeling? Bullish But we dont trade with feelings, we trade with technicals. And concerns me the low volume these last weeks up-candles which can mean we are reaching a "no demand zone" near 4000 usd. Anyway, lets wait and see, criptomarket is a slippery sloppery market and we must trade it with twice caution and money management. This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
BITFINEX:BTCUSD
by MarcelMartins