BTC Potential 4 hour Inverse Head and ShoudlersBTC is still in a 4 hour lower high pattern, but this current consolidation is healthy as the bulls look for a higher low to be established compared to the low of the dump.
If we see a break of these two resistances, there is a lack of immediate resistance nearby and we will look for a daily lower high to then be set on the bounce.
Potential for a daily inside bar to form as things slow down.
Patient bulls are waiting for either a daily trend change or even more patient, waiting for the weekly trend change. Bears are waiting for the daily lower high to re-enter with daily EMA resistance as a guide.
Cryptocoin
As long as XRP does not break 0.80 Fib 0.236% no bullrun !I invest in Crypto currencies and I trade CFD's. When you want to invest in crypto, I advise you to buy 'real coins' because on long term that will give you far more profit than speculate the chart with CFD's. I have bought Bitcoin, Bitcoin Cash, Ethereum, XRP-Ripple, ReddCoin, FeatherCoin, Adcoin ( ACC ), Bunny Token and looking for others every day!
Do you have some good tips for crypto coins? let me know!
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My strategy
My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence.
How do I decide to open a position or not? First I analyse:
- Fibonacci pattern
- Sentiment on the market
- Own created indicators
- Moving-averages and Bollinger-Bands
Trading means investing. Sometimes you lose more than you win in the beginning of a period!
Don't forget to follow me, so you get updated when I post new analysis. Also read my account to be informed about what I do.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
BTC Bear Break of $6,200BTC has broken bearish below a weekly support of $6,200 to see the lowest price in a month.
The bears continue to have complete control and anything on the daily under $6,383 is a lower high.
We will continue to be cautious as bulls, waiting for trend changes to eliminate lots of risk while giving up some reward. There are still Tether uncertainties in the air, the BCH drama... this space right now is certainly not a shining pillar of confidence.
I would either be looking bearish or waiting for a daily or weekly trend change.
Alts have opportunity for day traders, with larger volatility than the major names.
BTC Bulls Need to Hold $6,200 SupportWe have a lower high and lower low now on the daily chart, with key weekly support $6,200.
If the bulls can change the 4 hour trend we will be looking for a daily equilibrium to form.
Break $6,200 and we are looking back towards $6,000 with the weekly chart shifting back towards bears.
Bulls have been unable to close a 4 hour candle over EMA26 resistance since the top in the $6,500s.
Bears are comfortable as long as the 4 hour current trend holds, bulls have little to be excited about without a break of $6,383.
At least traders have a BCH soap opera full of drama for some entertainment while we wait for a high volume weekly break.
BTC 4 Hour Potential Inverse Head and Shoulders Pattern BTC bulls showed up to defend support after we broke to a lower low from the daily inside bar.
The move broke the 4 hour lower highs, and now the bulls have their sights set on a higher low and higher high continuation of the attempted trend change.
The daily chart is less clear to me after the bear break of support and upper wick currently on today's candle, so I will stick to the 4 hour chart until this pattern plays out.
If we get the bull follow through, we will turn EMA levels, which have been tough resistance, into support.
The weekly chart continues to tighten, as we patiently wait for a high volume week to indicate a clear break of the range is taking place.
Alt coins still have the attention due to the increased volatility vs. the major names.
While I am very passively trading the space, I am NOT going to sleep on it! There will be significant opportunity here again in 2019 and I absolutely look to take advantage of it. The patience game continues as I wait for the move to come to me!
BTC Bulls Looking for a Daily Higher LowSignificant move from the bears the last 2 days means that when we do have a daily higher low, the most likely scenario is then a lower high and daily equilibrium.
We are rejecting from weekly EMA4 resistance again, and bears are trying to see increased volume today compared to yesterday showing further weakness.
BCH is holding up the best while other major names ETH and XRP consolidate as well.
We have started seeing some shorts begin to build a position again on BTC, and even more will do so when we bounce attempt on the daily as bears look to top fish our recent high.
Tighter we go on the weeklies!
BTC Potential 4 hour Bull FlagWe currently are consolidating in a healthy way and testing hourly EMA support.
When we break a support level on a certain time frame and do not get any follow through for the bears (after a solid move up for bulls) I zoom out and look for a bull flag on a longer term time frame.
In this instance we saw an hourly lower high and lower low that currently has no follow through.
There have been little clues of BTC bullish sentiment, GBTC premium increasing yesterday with a significant bull move, and XRP and BCH leading the charge for the bulls.
I currently am in a BTC and ETH position using 4 hour higher lows as a stop level, and if we see another leg up I will just set my stops at break even and try and hold for a weekly break.
Note BCH is the only major name that has changed its trend on the weekly. Bulls still have work to do!
BTC bulls rejected by resistance BTC bulls made their move last night back to test the recent high of the bull break,
but they were clearly rejected with a solid pullback that has yet to find a support level.
The bulls are hoping the hourly uptrend can hold with a higher low here to give the bulls another shot.
If we break the low of consolidation so far, we will look at more significant daily consolidation coming.
This is the second time the bears have made a statement in the last 4-5 days so keep an eye out for bear volume on the hourly.
Currently still in a position and will exit if the low of consolidation breaks.
Also watching for signs the BTCUSDSHORTS are building positions again after so many have closed them.
BTC Scouting 4H Higher LowBTC bulls ended the week with strength, and we are currently seeing healthy consolidation.
We are watching EMA12 support on the 4 hour for a potential higher low.
RSI levels are cooling off and resetting as we continue to see shorts cover.
The size of the pullback at this point makes a 4 hour equilibrium the most likely setup into tomorrow.
Continuing to keep an eye on volume as the bulls do not want to see any increasing bear volume on the longer term time frames.
I will likely put a stop under my partial position once the 4 hour support level is clear and we have followed through with some bounce off of it, which would be close to break even at these levels.
EMA 12 has not seen a bullish cross over EMA26 on the daily in about 2.5 months, and if we get another leg up we will likely see it happen.
TRX are ready for another move upTRX have the last few weeks been in a upwards trend and I think it has bottom out now between the 280 - 350, as we can see on the volume it shows that the past 3 weeks has been very low on both sides, I therefor see this as a strong buy signal since the sellers volume also are low.
I expect the bulls to come slowly over the next few weeks and that will also bring more volume back to the coin.
MACD and RSI on weekly showing strongly buy signals and we also have support on the 50 days ema on the shorter time frame like 4hours.
I did entry yesterday on 350 and this time I dont want to setup a close stoplose becouse im now starting to accumuliate TRX for the long run. Im just buying more if it falls deeper again.
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ADXBTC is a solid buy now, here is a few targets we might see.ADX shows signs that it will soon break big upwards, it have clearly bottom out and the rsi shows upwardsmomentum from 40\39 lvl so it still indicats that adx is bullish and holding the upwards trend.
are you allready in the coin, whats your target?
EasyX Community:
-We believe that sharing knowledge and learning from each other is the strength of success.
-Gladly join the Discord Community, You are welcome. :) discord.gg
-We also have miningpool if you want to learn how to mine coins
BTC Another Sideways ChannelMore good news on the BTC front with South Korea opening up banks to work with crypto legally,
but we continue to see no reaction to news events as we did for many months before we got into the tightening range.
We are currently forming another hourly channel very similar to the one we just came from, which obviously resulted in the bear break.
The burden of proof remains on the bulls on every time frame and they are not proving anything to us.
Swinging bears are comfortable in their positions while we wait to see if another $6,000 support test is coming in early November. Stay picky out there traders, dont give back your capital before the next clear opportunity cycle presents itself to us.
BTC 4 Hour Lower HighWe are currently seeing a weak oversold bounce from the bulls on declining volume.
The bulls did not make it to 4 hour EMA resistance before topping out.
Watching for a 4 hour higher low to form and give us a tightening range into tomorrow.
Bears have complete control as long as hourly and 4 hour EMAs remain resistance.
Bears are using 4 hour lower highs for entries so the bulls have to put pressure to try and shift momentum by changing the 4 hour trend.
Bulls are in no rush for positions without PROOF they have some kind of volume, or momentum.
The 4 hour Channel, starring BTCWe have now been in this channel for over 6 days. It is a 2% range and things are very contained.
We have not seen BTC this contained and tight in a long time.
Volume continues to drop off, and when the break occurs we will see a volume spike associated with it.
Whenever this weekly chart clearly breaks with follow through, this $6,000 level will either be a brick wall of support or resistance depending on the direction.
This will be the most important level for BTC for the next couple years due to the length of time we have been within it, and the amount of times it has been hit.
There have been some alt coins with volatility but for those waiting on the major names, patience continues to be key.
I cannot imagine how low exchange fees are for these companies compared to what they were 6-12 months ago, due to a lack of trading in this environment.
Bitcoin - Something Interesting is up to comingA curious combination is happened in last days. First of all, three positive candles on daily chart (not a rare thing), but three consecutive candles define new trend. Next, a big bull candle and instantly a retracement. But, thanks to this candles, we are out of the triangle. After that, two consecutive inside bar, that means market indecision. Now, is going to touch the triangle again, what should it means? Maybe bulls will come soon? I think that this year BTC will make a strong run again, we just had have to wait for some weeks.
BTC Hourly and 4 hour EMA resistanceBTC consolidating and trying to hold the low of the initial pullback after the Tether consolidation.
I always try and find the clearest setup time frame and keep it simple on the day.
For today, doing this I look at the hourly EMA resistance rejections the last dozen hours,
and then see the 4 hour EMA resistance as well.
So I say to myself "The bears are in full control today as long as hourly and 4 hour EMA resistances remain.
This keeps it very simple and straight forward and every time I check in on the chart, I now know what to look for first.
Still a game of patience as we cruise towards fundamental advancements Bakkt and fidelity crypto platforms.
BTC 4 Hour EMA Support TestBTC is still trading fairly sideways as we watch for the daily inside bar to break.
EMA 12 support has been holding since the wildness 2 days ago and is currently being tested again this morning.
Yesterday on coinbasepro there was some wild bot battle action with high volume, if you zoom in you can see it.
Unusual for us to see this much volume on coinbasepro and not on other exchanges. We will look at it in the video today.
We are still in a patience game for the market as a whole, but I must admit this morning I woke up and got a feeling the impending volatility and break were drawing near.
Tether still has our attention and is still a main talking point for the crypto community.
Many still believe Tether is in trouble, and will see an exit scheme... and many believe it is fine and all FUD.
Whichever is true you should ASSUME it is a scam and worst case scenario so that you will not put yourself in financial distress if worst case were to happen. This is what I did when I first deposited USD onto coinbase May 2017. I assumed all that money was now gone.
I have made 3 trades in the last 2 months for pretty much break even, and I look forward to becoming more active trading in the sector soon!
BTC 4 hour Higher LowsBTC bulls are slowly climbing a bit after the Tether situation has settled down.
We are watching arbitrage slowly bring exchanges back in line with each other though there are still some discrepancies.
I entered an initial position with the break of the hourly equilibrium from yesterday at $6,425 and will use the 4 hour higher lows as my stop.
Daily inside bar is going to form today and we will watch to see which direction it breaks tomorrow.
The crypto space is a bit on edge after all that action and volatility, but it certainly showed us how quickly things can happen.
I will still be using USD charts and with such a clear rejection of weekly resistance on coinbasepro by $13,
$6,823 has become an even more important number.
BTC the and Tale of USDT MadnessOkay. Deep breaths.
It is my understanding, that the fear in USDT capitulated with a race to the exit.
To exit USDT people were buying crypto, and moving it off exchange.
The buying of crypto led to huge surges in crypto prices on USDT exchanges.
The selling of the moved crypto funds back into USD is leading to consolidation.
I currently am charting USD and coinbasepro as always, as that is what I am trading on.
Coinbasepro failed to break weekly lower high resistance $6,823 by $13, keeping the bears in control.
To prove the follow through here we need an hourly equilibrium and bull break.
At this point we are only about $150 over the high of yesterday so all things considered it is not significant on the charts at this point.
Lots of action to keep watching, but this USDT fiasco only adds uncertainty and fear to the crypto space.
Long term some say it is beneficial to get USDT out of the picture... but short term I have never seen a bearish event lead to a surge in prices!
Currently all cash and patiently watching the hourly.
BTC Waiting for 4 hour EMA ResistanceBTC trading mostly sideways on this bounce while the EMAs drop.
the the past this kind of setup is almost as if the bears just wait for EMA resistance to make their next move.
We are not close to making back the dump, and the bears are still comfortable.
Lose the hourly higher low pattern and it will be the first signal the bears are back in control to head to the lows.
The bulls HAVE to see volume behind any move up. Without volume it means nothing.
Daily inside bar is extremely likely to form today, and often times as a trader when I see that is going to be the case, I will just wait and play the daily inside bar break the following day.