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BTC Daily Thoughts BITMEX:XBTUSD BITFINEX:BTCUSD BTC Daily Thoughts 1W. We start the week with green candle but momentum seems to be weak for now. Price has difficulty breaking the RED resistance trend line and this is even before we got to strategy's 48 EMA (red dotted line). As I said before I expect a "bull" entry for the start of week but Bears are strong and pull the price down. 1D. after we get a LONG signal there is a slight move up but resistance is met on the RED line and now I watch the daily volume because it is key if we want to go more up. 12H. a clearer view of daily volume as we can see it is decreased from last 12h so if no new "buy" volume enters price will not sustain. worrth to mention that it works both ways for manipulation to kick in the volume in many cases is low making it easier to move price either way by large BUY/SELL MARKET orders. :eyes: on macd for as long as it stays in negative hist price will not go up. 6h. after LONG signal we get heikin ashi double edged candle which may suggest correction. look at indicators as well as they seem to start curve down. BUT BUT BUT also price is above Strategy EMA so indicates support. 3h. slight correction on the red candle and continue move up. seems to me like bull trap already. NO ADVICE. 2H. seems like support on both strategy EMA ans RED resistance line I follow. Notice how Stoch RSI is curving down but RSI and MACD are kind of showing already UP. this is because of the way the indicators are calculated. Because of how they work they always actually lag a little bit. sometimes there is a clearer view on this like here imo, where more weight I give to macd and stoch as they are harder to "paint" because of their calculation. hope it makes sense to you. 1H. looks bullish by all indicators on chart. BUT what about volume? low volume = easy for manipulation 30min. fight for Bulls. PA wants to get above strategy EMA, indicators support bullish move for now. 15min. LONG signal, but also green double edged heikin ashi candle with low volume. very dangerous as might pump as well as easily dump. my guess DUMP. no advice. 5min. short scalp TF seems to be support on strategy ema. must follow to see how plays out. Please comment what you think and thank you for reading.
BITMEX:BTCUSD.P
by BitcoinMF
BTC Daily Thoughts COINBASE:BTCUSD BITFINEX:BTCUSD BINANCE:BTCUSDT BITMEX:XBTUSD BITSTAMP:BTCUSD BTC daily tgoughts 1W. I see continuration of down trend. Price is Below EMA 50 . STOCH RSI indicating there is much more for FALL. Macd is also struggling to get to positive HIST. PA will not go UP siginificatly without these two factors IMO. 1D. PA cannot break 50 EMA and continue to fall. Today morning seems like RSI is heading UP, but If you look at STOCH RSI could conclude that RSI cycle hasnt finished yet and taking the lagging nature of indicators in affect, the small bump in RSI is actually all PUMP price action that we had yesterday as day went on in feeling of waiting for break out instead we sideways....none the less all is possible as crypto super volitaile and VOULME is key so :eyes: 12H. Same concept as 1D but here IMO we can see bull trap being set as it seems like green candle and maybe reversal, but IMO its just the STOCH RSI picking itself a bit from bottom for it to have room to DUMP hard 6H. VOlume is key if we dont get more volume soon PA will fall because clearly seen that is fighting to get back to 50 EMA area. 3H. "close long signal" seems like a breakout is about to occur but I still dont buy it....at least if we have "LONG"signal is worth checking. imo it will fakeout and not break out because there is headroom in RSI but STOCH RSI says it's in the end of movment. 1h. after yesterday's pump we have few hours of side ways... PA is still holding @ 50 EMA but IMO not for long. STOCH is at top and Macd seems to finish positive hist phsae so I expect Price to fall. 30 min a more cear view on this sideways action. this is the TF is important as if reaches the top on all parameters 1H will come to play more. 15min more sideways....good for scalping signal IMO as pumps and dumps occur on 15 min many times as I notice. 5m. Scalp - watch when 15min TF is "steamed-out" 1min. its just beautiful. GOOD DAY will try to update with day unfolds follow on discord for full updates: discord.gg Thank you
BITMEX:BTCUSD.P
by BitcoinMF
Real Price vs Heikin Ashi PriceHi! This is just a quick study for my own curiosity. It maps out the real world closing price vs the Heikin Ashi closing price. I think I'll make the indicator a mainstay of my trading charts, as it's useful to see. It also makes manual backtesting more viable. Some interesting observations: Long-term average difference between real world closing and HA closing ranges from 1 - 4 pips. There are intermittent spikes of up to 10 - 12 pips. These happen fairly infrequently (depending on the time frame being viewed). On average, HA prices are closer than I thought to real world prices. I would have expected an average greater than 1 - 4 pips. Spikes in difference often signify important points. Primarily they seem to signify new or continued trend activity in the relevant direction, but sometimes they can indicate tops or bottoms. Could be interesting to try and build a strategy around it. I'm not sure if I'll publish the Real Price indicator (it's literally just a few lines of code), but let me know if you want a copy of it. Cheers, DreamsDefined
Education
by DreamsDefined
3
BTC daily Thoughts BITFINEX:BTCUSD BITMEX:XBTUSD hello everyone Daily Thoughts and updates: 1D second day of confirming reversal with Heikin Ashi :eyes: how lines of MACD got closer but because of dump actually got far away from each other making it harder for positive HIST to appear RSI and STOCH are Also curving down. Generally I think PA will head more DOWN but we might visit 6400 area again because of high volatility. Anyways even if tries to PUMP for breakout IMO it wont get too much more than EMA 20 (~6400-6500 area). 12H SHORT Signal. TBH i've been waiting for it from yesterdy. NOW got. so keep looking how plays along the day. (I wanted this signal because Im short this last days and this is my confirmation) 6H is showing some UP movemnt IMO. like the 12H anti-thesis, Notice the RSI and STOCH curving UP from bottom indicating probably PA UP. I watch the macd carefully on this one as if it breaks to positive HIST could trigger a run UP. 3H seems bullish as fighting for getting price to EMA ~15 (at least) pump to ~6370 might play out. 1H same concept only here we can see how PA stops and having trouble breakout EMA 15 also Stoch RSI is at top so if a move up wants to play stoch RSI must cool off at least a bit. Mt guess tpday IT WILL BREAK and pump to ~50 EMA on Hourly before DUMP continues. 30 min waiting for "scalp" signal (long) No signal = PA DOWN 15MIN fight tries to break EMA 50 if break ill be watching the next TF (30 MIN) 5min "scalp" long signal ALL NO ADVICE just my real thoughts and analysis I also stream alot so make sure to follow me on Discord and TradingView for full updates: Discord: discord.gg TV: www.tradingview.com
BITFINEX:BTCUSD
by BitcoinMF
BTC Daily Thoughts BITMEX:XBTUSD 1W. New week started. IMO this week we will see price drop because of the BEAR MARKET trend. seems as on weekly it cannot BREAK the 50 EMA (red line on plotted). my :eyes: are on MCAD (because I think it's forming the Bull TRAP meaning positive HIST will appear but PA will go down). 1D. we couldn't break the 50 EMA on daily (also) so now we see FOMO PA imo...the pump occurred till 3-4 days and now we already head DOWN but FOMO traders and whales mask PA. Stoch RSI wants to curve DOWN. Anyways even if it doesnt play like I think it would in both scenarios VOLUME is KEY (atm can see that volume is low...but we still have the whole day ahead). 12H. same as Daily IMO. Notice how MACD is in positive and Stoch RSI is curving down gives signs that RSI SHOULD go down also. 6H. :eyes: on macd. Notice STOCH RSI is at lower levels and seems as it wants to be pressed to 0 area (like in a major DUMP). RSI curvs DOWN. 3H. ranging around that PA. 50 EMA support is shown well. 1H. short signal 3h ago....This is my scalp sign....RSI and MACD show PA is down but Stoch RSI suggests that RSI rev is possible (hand on the trigger if short) 30 min is trying to get back and break 50 EMA 15 min also tries to break 50 EMA....Stoch RSI needs to cool for proper UP movment. 5min same same Follow me everywhere all links are most easy to find on BitcoinMF Discord server: discord.gg
BITMEX:BTCUSD.P
by BitcoinMF
BTCUSD Daily thoughts BITMEX:XBTUSD Daily thoughts 1D we still havent BROKE 16 EMA MACD seems to be bullish tho indicating that POSITIVE HIST wants to appear (bull trap IMO) Stoch RSI revealing that momentum power is exhausted because it's in the top of scale BUT RSI is in the middle. IMO we can see the bull trap forming on 12 H chart 6H seems to support @ 50 EMA (but not for long IMO) looks like scalping the top on 3H :eyes: on macd (searching for that NEGATIVE HIST) very thin line could pump in a sec or also dump 30 min LONG SIGNAL (scalp activate) 15 min LONG signal (scalp) all no advice just MY OPINION AND STRATEGY GOOD LUCK
BITMEX:BTCUSD.P
by BitcoinMF