Leverage
Inflection point, use CL1 for technicalsWith the standard rebalancing and leveraging of these products, you cannot use the DRIP technicals to find reliable trading points. CL1 is nearly a flat line, while DRIP has deteriorated downward (as it is designed to do). I am willing to sacrifice some of the profits for wishful thinking to break out higher.
*I am still long
**Stops around 88 and 86
***Might open a long oil position via UCO
20/20 Market Clarity | $xbtLonging a very tight level cluster below range, leveling 8123-8150.
Bidding 8136.5, playing a capitulation spring into that level and jumping back above, before trending up higher to clean 9.5K in the new decade.
Stop surgically selected at 7978, using HTF OHLC magic.
9.03R/R, this will be the first serious bitcoin trade of the year, and beginning of my work on this fresh ROE account.
Litecoin In Retrace Mode | Chart Mapped (8X Lev.)Here we have Litecoin (LTCH20) retracing. We can clearly see a break of EMA10 and EMA50 being tested.
Since Litecoin grew by 29% in this last wave, it is likely to see prices retrace further and test at the least the 0.618 Fib. retracement support, this would also match EMA200.
You can find all the important levels marked on the chart.
We are active here on 8X. Hit LIKE if you would like to see the full trade details.
Thanks a lot for your support.
Namaste.
Bitcoin Looking some what toppy on shorter time frames. Just hitting 8k ideally I’d want to fill the gap now and then visit 8k again this time smashing it and going to 8.4k. But we could also have a scenario where we go to 8.4k and then fill the gap with a nasty drop. Equally just as profitable. I’m long from low 7k’s so I’ll have stops at major support (below 7600). If I had no position I’d short it now with a stop at 8018 and close at gap. If I got stopped I’d fill a long right away expecting 8400+.
#KAVA - Possible 115% returns in few monthas you can see in the chart currently it's trading inside a huge ascending Triangle, it's safe to risk a small amount here as we are at triangle support which lines up perfectly with the golden pocket of Fibonacci retracement.
Along with it on the smaller timeframe (4h) we are trading inside a falling wedge that can give us a good breakout soon.
Even if we don't break above the resistance line of the triangle I still expect a good 25-30% bounce from 61.8% support
you can also use Leverage on binance futures or Coindcx to multiply your profits but remember Leverage Trading is HIGH RISK So is Crypto trading & that's why I am legally obliged to say
#DYOR
remember I am not a financial advisor & this are all just my thoughts :D
make sure to leave a comment & if you agree then hit that thumbs up
Do not forget to check out other ideas & do share it with your friends :)
Bottom shorting and BitMEX 10x liquidation level CONSPIRACYThis chart shows levels at which people entered short and the levels at which they liquidate using 10x leverage on BitMEX
Blue boxes short entry
Red boxes liquidation level
Volume profile indicator seen on the left was used to determine this.
WHITE - BUY VOLUME
GREY SELL VOLUME
Life is full of coincidences right?
Look at how quick liquidation levels are reached after shorting the bottom
Then look how quickly the price drops again afterwards.
Still think trading contracts on BitMEX is a good idea?
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If you noticed the Dynamic RSI indicator at the bottom,
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Bull TrapLast night our trade didnt really play out until a few minutes ago and looked like a bull rally, yet we just double top at 7398, which is interesting, yet retraced all the way back down to the 50ema on the hourly, which has held support and been resistance through out this market cycle. The question is now are we going to go lover?
Let's get our facts out of the way.
1. From 14k to now we been creating higher lows till are next leg down.
2. Macd as of this time is bearish
3. RSI is netrual, yet it is still up to grab so no help
4. we are in a new downward channel that was broken now, yet we fully retraced it.
5. OneCoin still has btc to sell
6. TradingView indicators are flipping bullish and bearish atm, which I would say we are in for a pretty massive move. Projected date is January 7th or could be before on the 6th.
7. Bitmain, one of the largest mining farms and distributors are laying off half of the employees. Could be a sell off in the near future to pay bills and cut project loses. I find this one interesting cause in the summer with he run up to 14k, they soldout of there new miners. Looks like insider stuff about to be bearish with Bitcoin and China due to the trade deal with USA which phase two is happen pretty soon.
8. One thing we need to keep in mind is even with the halving the stock market is having its time of its Life and with presidential candidates trying to win over Trump with the economy doing so great. It might not be good for bitcoin since Trump is againist anything that isnt the USD, so another 4 years of sideways movement could gloom over if he wins.
9. The halving should push for an upside in btc price, yet would this time be different? The problem with looking forward for a "written price increase" isn't smart financial logic if you don't read the space at its fullist. BTC trades like a forex currency with political news outside the space and between projects development. Price increase comes down to one thing, demand. I do believe the demand is there, yet sitting at over a 133bil mc is pretty crazy even in the stock market. So another 4 years of acculation very possible and buying under 7k is a great idea. Right now leverage trading at your own risk.
I still shoot for 5200 and after Sunny video a few days ago saying we been going sideways for 40days and the last we went sideways it was 70ish days. Only a month away, yet with the halving I see it sooner. Again stay safe and dont overleverage trade.
Bitcoin starts a new year, new cycleHappy New Year everyone!
BTC closed it around 7165 and so that will be the new important support and resistance zone for all future price movements. Mark it on your charts. Next most important zones are 6430 for support and 8300 for resistance. Within this month closer SR zones at 6800 and 7600 will be surely tested.
Today we have pretty complicated situation (will be updating this review regularly). On one hand ~7050 support was main target for many shorts and it received nice volume on bounce. On the other, 7160 became resistance, and we know it is a strong one. Now expecting BTC to test that resistance and result will define the future. Failure may dump it to lower levels at 6800 - 6500.
Why new cycle? Because according to previous history this year should start a new bullish period of Bitcoin. I really hope that demand won't shrink and halving will have the same result it had all previous years. See below.
Let's see Neomenia on ETH!With humble beginnings as a paid project by @Patrick2018, a community member with a vision, and throughout countless evolutions and 81 git commits - our baby Neomenia Bot is ready for consumption by the general public.
We have had seen considerable success with different config vars over tiem, and now we even supply the most optimized vars according to market condition via a RESTful interface that provides the vars to client apps.
We have packaged Windows, Linux and Mac apps for BTCUSDT on Binance, ETHUSDT , and a balance-reporting site of your own like the one (redacted).
Introducing NeomeniaWith humble beginnings as a paid project by @Patrick2018, a community member with a vision, and throughout countless evolutions and 81 git commits - our baby Neomenia Bot is ready for consumption by the general public.
We have had seen considerable success with different config vars over tiem, and now we even supply the most optimized vars according to market condition via a RESTful interface that provides the vars to client apps.
We have packaged Windows, Linux and Mac apps for BTCUSDT on Binance, ETHUSDT , and a balance-reporting site of your own like the one (redacted).
The Quarter Four Bitcoin TradeEntry : 8805.
Stop : 8570.5.
Target : As high as it'll go.
Bitcoin has struggled to make meaningful reversals this year after hitting 14KUSD a coin, shown in the slow bleed-out and breakdowns.
I believe after finding a potential bottom at 7.3k, that we need this to hold in order for bitcoin to be bullish into 2020 and beyond.
The new decade arrives in two months, set yourself up for the future.
BTC long entriesEveryone expects BTC to dump and pump, like if it already happened... usually BTC does the opposite. In any case, below plan is for what we expect. Knowing that we may expect unexpected as well =)
What happened when BTC pumped on 25-26/10? It left a lot of shorts behind and they wait for the moment to join, before it grow for more. Market makers shorted above 10k and need to enter as well, but they need liquidity (panic sellers and market stops). We can't know for sure, how deep whales will have to push, before they buy enough, but given zones have strongest support. Since we are targeting the moon, buy range and stop loss distance is large, but that is a long term trade. Could be the last time BTC cost that cheap ;)
Ladder Longs (if all longs hit, that order and percentage should give you ~8300 average entry price):
Entry 1: +/- 8530 (35%)
Entry 2: +/- 8250 (40%)
Entry 3 : +/- 8060 (25%)
Targets +/- 11500 - 14000 - 17000 - moon
Stop loss below 7800 (~7%)
Safety measures: max. 5x leverage for 5-10% of your funds
Regarding shorting BTC - really risky. BTC can pump and will pump. No matter from which level it will happen, it will create a long candle, that will kick of stop loses and liquidate those without. Keep in mind there will be fake bounces, after which price will head lower, but SLs will be already triggered. So it is pretty hard to short it without taking too much risk. Best zone was at 9600, but we left it a long time ago. Now it is 9300-9350, but the risk of leaving getting knocked out is very high.
AZN - False breakdownstop loss it is clear where to put.
and then we will look at the development of the position.
Here is my past forecast worked out.
Ethereum consolidation channelETH formed a bull flag at higher timeframe and moves within it till now. Current trade channel located between 181 and 189. Since higher level already hit, we may expect it to go down - and either bounce from channel middle line around 185 or go lower to channel bottom at 181. Bouncing from 185 will be bullish and gives a chance for channel bullish breakout. All depends on BTC which is not clear right now. I think it can drop to 8300-8550, but for very short time and most probably just a wick. If that happen, ETH can dump below channel border.
Bitcoin - Spine Tingling... ANTICIPATION ~ Trade Set-upGreat news! Our enTHUZed TradingView channel has been selected to take part in beta testing for the next video feature - live video streaming on TradingView. This feature will allow us to broadcast in real time and the audience will be able to engage live via chat. Think of it as Twitch for traders. I am told we will be one of the first channels going live next week!!
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