Get started

Cryptoidea

BTCUSD Forecast: Day Trade Set UpHey trader, As you can see the price is currently bullish running in the head and shoulder patterns accumulation phase, and above the 50 and bullish crossed short-term MAs. The pattern expects a 3-level uptrend, and the MAs expect a retest on the 200 MA (that's visible on the MT4 chart) as well as the short-term MA trend. This bias will be fully confirmed once the price has (1) bearish retested the 1H H&S Neckline and 8 MA with a bullish reversal candle pattern close, or after it has (2) bullish broke and retested the 4H Half a Bat Neckline. If it decides to bearish break and retests the 1st 4H Key Lvl together with the 50 and 21 MAs, our bias will be rejected. With that in mind, do not take the trade because this is not financial advice. I'm just sharing my point of view. You also can do the same in the comments section below. I don't mind because I'd love to know your thoughts! That's it for today. I hope you found value in this article. If you want to see more similar content, click the articles listed below. Stay Profitable, Sphatrades.
BITFINEX:BTCUSDLong
by Doji-2k1
BTCUSD: Top-Down AnalysisHey trader, Bitcoin has been behaving dramatically lately. It dropped from around $21,500 to $15,588.20 this week. Can't imagine how other investors are feeling right now... For active traders, it's a different story. Because we can exploit long-term and short-term biases, like how we can now. As you can see on the chart above the price is slowly forming a bullish reversal pattern that will lead to a 3-level uptrend, after its price has bullishly broken and retested the 3rd Weekly Key Lvl together with the 50 and 8 MAs. However, it may reject that bias by bearish breaking and closing below the 4H Half a Bat Neckline. This trade idea isn't derived from only this timeframe but from the 4-hour and daily timeframes. Let us move upwards to the 4-hour timeframe: As you can see the price recently closed with a bullish reversal candle pattern in the half a bat patterns accumulation phase and in between the short-term MA's. This pattern expects an uptrend to its L1 and 50 MA as the first targets, which will be anticipated after the price has bearishly retested the 8 MA with a bullish candle formation. But if the price decides to bearish break and closes below the 8 MA and 4H Half a Bat Neckline, our bias will be rejected. Now we move up to the daily, which is the main timeframe that led to this trade idea: The price closed with a bullish reversal candle pattern in the half a bats accumulation phase, after bearish breaking without retesting the pattern's neckline, together with the 50 and short-term MA's. So having the price closed as it did, gives us a probability of the uptrend we're looking to hop on. But this will be rejected by a bearish reversal candle close below the 3rd Weekly Key Lvl. With that said, take your trade at your own risk. This is not financial advice. I'm just sharing my point of view with you guys (which you can also do). That's it for today. If you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts! Trade Safe & Stay Blessed, Sphatrades.
BITFINEX:BTCUSDLong
by Doji-2k1
6
BTC Daily TA Neutral BullishBTCUSD Daily neutral with a bullish bias. Recommended ratio: 58% BTC, 42% Cash. *USD hit a 20-year high, Oil, Treasuries and Gold are down, and cryptos and equities are up slightly as global recession fears continue to be exacerbated by higher inflation numbers. The Euro is crashing due in large part to the ECB failing to raise central bank interest rates to combat inflation in time. Key dates: CPI report is published at 830am (EST) on 07/13. Bitcoin has been testing $20k for twenty one sessions now.* Price is currently attempting to break out of a twenty one day consolidation at $20k and if it is able to continue up it would likely form a local Double Bottom (short-term). Volume is Moderate and currently on track to favor buyers for a third consecutive session if it can close today's session in the green. Parabolic SAR flips bullish at $21500, this margin is mildly bullish. RSI is currently trending up at 40 as it quickly approaches a test of 42 resistance; if it breaks above 42 resistance then it would likely test the descending trendline from January 2021 at ~48. Stochastic remains bullish for a second consecutive session and is currently trending up at 73 as it closes in on a test of 78 resistance. MACD remains bullish and is currently trending up at -1600 as it quickly approaches -1435 resistance. ADX is currently trending down at 42 as Price is pushing higher, this is mildly bullish at the moment. If Price is able to continue up from here then it will likely test $24180 minor resistance (and would confirm a short-term Double Bottom). However, if Price breaks down here, it will likely retest $19417 support before potentially testing the uptrend line from April 2017 at ~$15k for the first time since September 2020. Mental Stop Loss: (one close below) $19417.
COINBASE:BTCUSD
by dailytaguy
2
Wave USDT PERP ReviewWave managed to catch the short at $ 60 and take it all the way to $ 19.50 where I was massively shut down. 4H TF 24.500 To 21.00 Resistance Zone 1w TF 18.900 to 18.00 Supporting Zone Profits! Now I'm telling everyone about the massive reversal of this coin because I've been flipping it for so long. $ 18 and I am moving my trade towards the targets stated in the chart which is 10% open with expectations. It breaks its own ATH of 60! Thanks I know this will help everyone to have a better day / night.
WLong
by TheMarketHunters