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Crytocurrency

Bearish scenario for $BTCRising wedge on the daily so I've set a target equal to the size of the wedge itself (7%) which is drawn in as the rectangle. We had the same pattern play out on the 4hr yesterday which I think has only served to add confluence to this larger pattern. I'm trying not to be bias here, I know I've been bearish for a couple of weeks now but I personally can't see much for a bullish setup apart from a double bottom bounce off the marked 7270 support level. I'll update if that plays out and mark out some targets I would be looking for if I were to enter a long position. Thanks for reading. @cryptoisascam
BITFINEX:BTCUSDShort
by BabyWh4le
6
looking quite bearish! bulls not enough strong?hi traders! we are seeing how didn't managed to break that resistance which indicates bulls are weakening. To really see a big movement upwards we must see how bulls break that resistance and starts consolidating that movement. Meanwhile, we are seeing some bearish signs which indicate that the price is set to retrace if bulls don't manage the situation: - Bearish divergence found on the RSI, which is very visible below the 2 hour chart. - Descending volume, which indicates the lack of momentum of the bulls. - Rising wedge, which is the most bearish sign of all 3 and indicates reversal. we can confirm this pattern as the volume has been descending since the price has been rising and the wedge evolving. if you are going to take action on this trade, you should look at the volume when the price breaks the wedge downwards to make sure the trade. happy trading guys! BITFINEX:BTCUSD
BITFINEX:BTCUSDShort
by TheArabTrader
1
ETHBTC have a Bullish shark plotted on H4, What's your move?HI, I hope everyone is doing well. as the start of this week is really depressing for cryptos as every major coin is suffering at the moment and it's quit hard to just rely on the Technical side of these assets so just keep in mind that the risk is a little high while we try to go long on them, but it's really interesting to know what our technicals has to say about ETHBTC where we can get a short bullish swing First analyzing 240M Chart and we got, 1. HARMONIC PATTERN - BULLISH SHARK Identified on 240M Chart 2. 0.070000 consist of Demand Zone 3. Dynamic Support at 0.070455 4. OVERSOLD Indication by RSI and CMO 5. Fibonacci Gird Level 1.618 plotting near our Buying area also on daily chart, Price is been Hold by 200Day WMA. and hence everything looks great Technical - Strong Bullish Fundamentals - NILL Market Condition - Bearish for Asset Type -III Conclusion - Bullish for Short Term! If you find my trading Ideas helpful then leave a LIKE and Feel free to comment your thoughts, - Lewis (CryptoLover)
Long
by BloomFisher
20
GBPJPY approaching support, potential rise! GBJPY is approaching our first support at 147.90 (horizontal overlap support, 100% Fibonacci extension, 76.4% Fibonacci retracement, Elliot wave structure) which coincides with our short term ascending support line. A strong bounce might occur at this level, pushing price up to our major resistance at 149.30 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is also approaching our major support level at 8%, a good precursor for a potential bounce in price should it bounce off this level. Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
Long
by Tickmill
4
EURUSD approaching its support, potential for a bounce!EURUSD approaching its support at 1.2260 (61.8% Fibonacci retracement , horizontal overlap support). We have also identified an impulsive Elliot Wave , where price could potentially rise to its 1st resistance at 1.2346 (horizontal pullback resistance) or if it breaks past this level, could potentially rise further to its 2nd resistance at 1.2411 (horizontal swing high resistance). We have also identified another support at 1.2221 (76.4% Fibonacci retracement ). Stochastic (55, 5, 3) shows it approaching its support at 2.47% where a corresponding reaction could occur.
Long
by ICmarkets
1
Death of the Bears. Worst case scenario Y/NI believe my forecast posted in the 4 hour chart of min $6,399 will hold a closing 2 hour candlestick or 4 hour candlestick above this min. I don't think my other forecast posted with the 4 hour chart of $7,384 will (see posting of 4 hour chart for how I arrived at these calculations). The Fib lines I've inserted appear to be working well which I think gives credence to this worst case scenario. If you check out my last posting "Bitcoin GPS where are we ? " it's my best and most colourful ever and includes how all my other ideas have been doing on 4 hour chart. My most recent worst mistake was going bull with stop at $8,150, and getting caught in a bear trap. Can't win all the time.
BITFINEX:BTCUSD
by Felix000
BTC: 12pm EST Dump Coordination - Decreasing Volume The last three days seem to have been coordinated BTC dumps that have occurred at 12pm EST. The BTC downward momentum this past week may be an isolated incident caused by a single actor (Mt. Gox trustee?) that has now lost its momentum. The good news is that the volume appears to be decreasing each day. The bears seem to be losing momentum which is good news for the BTC Bulls. I would not be surprised to see a green weekend with BTC heading back towards $10k or higher. (This analysis was brought to my attention by @chartmandan w/ The Chart Guys)
COINBASE:BTCUSDLong
by BitInfo12
(ROOKIE SHORT TRADER)MONTHLY PROFIT CHART LTC/LITECOIN Just posting this graph to share it with the Tradingview community and a family member to show him the patterns and trend lines I used to make consistent profits this month after a month of loosing money.I only been trading for 2 months.I know I could be using alot more indicators on my graph for a better insight of whats going on.But honestly.I don't understand 75 perecent of the indicators and addons.With that being said.I feel confident as time goes by I'll keep getting better at trading.Taking in consideration with the little I know and the short amount of time of experience.I"ve managed to make consistent profits this month. Im here not to educate or give analysis or anything.How can I if I'm new to this.I'm here to learn as much as I can and to post whats been working for me and to keep track of my progress.Any advice or suggestion on indicators or what ever I'll highly appreciate it. www.tradingview.com
COINBASE:LTCUSDShort
by Rzitro