CLEAR TO ME... LAST NIGHT IN CHAT I POSTED THIS. SO HERE IT ISCLEAR TO MANY SHORTS ARE SHORTING AT THE LOWS, WE NEED SOME LIQUIDATED SHORTS BEFORE FURTHER DROP. 10600 FIRST TARGET. IF WE CAN HAVE A SR FLIP AROUND 10600 THEN WE CAN HIT 10800 PRETTY QUICK BEFORE A NICE SHORT OPPORTUNITY PRESENTS ITSELF. FOR NOW IM LONG FROM 10295. LOOKING FOR 10600 FOR EXIT. I HAVE A SHORT ORDER AT 10600 EXACTLY FOR A SCALP . THEN WILL SEE IF RESISTANCE TURNS TO SUPPORT TO LONG TO 10800 AREA BEFORE I SHORT AGAIN.... SCALPING SCALPING SCALPING !!!!
Longbtc
LONG BTC Long at Re-Test which give us nice profitGreetings. Please leave a Like if you like the idea.
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Entry-->
1: 9692.5
2: 9604.5
TP-->
TP1: 10058
TP2: 10443
Sl: 9484.5
Risk 1% only
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Peace Out!
BTC Forecast UpdateStill short. @9500
The dotted arrows shows the best & worse case for BTCUSD at these levels.
Bitcoin has been on one hell of a ride as of late.
Ruling nothing off the table here but If i had to pick a side. It would be short 9600.
Lets see how this plays out.
Lets see if bitcoin can keep ripping through Shorts or if bitcoin pulls back and gear up for another run up.
I will keep updating.
The growth scenario persistsOn the 4h timeframe a pennant has been formed, which is making its way towards the trend, and the trend is now ascending. There is already a designated support level in the range of 8600-8500. Now it is desirable to consider entering long when exiting the figure and fixing the price above the level of 9000.
BTC/USD Daily Buy Trade Setup 6th March 2020I'm not normally a Bitcoin trader but I check the Daily charts every day, more out of curiosity. Today's setup caught my eye. A very good buy set up using my High Probability trading method, which is supported by hidden bullish divergence. Generally I don't use a stop when trading hidden divergence as I can normally work my way out of these trades. But that is when I trade FX. With BTC, I may be inclined to at least place a safety stop on the trade with plenty of wiggle room due to its volatility. Ideally I would want this trade to go up, but if it doesn't and a new sell signal presents, then a hedge sell would be taken with the same position size as this buy. I'll play this trade setup through and give updates as it progresses. I'm keen to see how it plays out myself as Bitcoin is a completely different beast than I am use to. Cheers.
BITCOIN A Huge Breakout Coming Soon!!!!!!#BTC Updates!!
BTC Making Another Triangle On 8600-8800$ Zone..Its Going Closer To End Of The Triangle..Soon We Will See A Upside Or Down Side Breakout..📉📈
There Is 2 Possible Scenario:
1.Upside Breakout :
If BTC Manage To Break 8800$ And Stay Above That Range With A Healthy Candle Then Next Target Should Be 9200$ DMA200 Resistance.📈
2. DownSide Breakout :
If BTC Fail To Hold Above 8580$ Then Next Target Should Be 8300-8200$ ..There Is Some Good Support At 8600$. . EMA10(Red) & EMA21(Blue) Become Short Term Good Support.
So Before Any Breakout Its A Choppy Zone For Scalping.
Stay Safe
Good Luck
CssTeam
t.me/cryptospecialsignal
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Bitcoin doing the double threes.Hi and welcome to my TA channel im glad that you found my analysis. Please support me and follow me by following my profile and put a like on the TA.
So what about bitcoin, as we see it doing an corrective pattern before the breakout.
Bitcoin is about to start impulsive wave three.
This is not an investing advice. good luck!
BITCOIN WILL BE IN UPTREND FOR NEXT TWO YEARS- FRACTAL AND EWbitcoin will remain bullish for long term IF it can hold 4800
BUllISH scenario
-according to Elliot it can be 5 wave impulse and 5th must be completed
-according to fractals we will have at least 3 years uptrend
stop lose= close weakly below 4800
targets:
end of 2020: 20000
end of 2021: above 100000
Bearish scenario(low possibility)
it can be a big ABC wave and it is in wave 2
this scenario will be confirmed if it go to below 4k and we will NOT see 20k
Do not forget stop lose in any trade. it can save you...
LIKE and comment if this analysis was useful for you
thank you
Show Me a More Clear Bitcoin ChartBitcoin don't go down over long term - cave man can see that. Let' s agree that history agrees that Bitcoin is a net-winner over the long term without a doubt. I am only making this clear as I am posting a long term weekly TF chart of Bitcoin, so let's go ahead and establish the fundamentals of my bias.
So, I put in a lot of coinciding indicators to confirm this, and there are more I could've pointed out, but those are too simple, such as RSI, volume, etc - I am craving a deeper analysis than that to support my idea of bitcoin potentially going to 30K and above. Simple ABCDE elliot waves line up with the 78.6 along with the 61.8 on the way back down for E - that is promising. Also, look at the trading range we are in with such great historic support at 6K, look at the buyers eating those wicks up - it is because they know the probability of making money when buying there is so great, you have to be a cave man to short that area first go-around. That is why $8300 is next to be hit before thinking more downside to $4900. Whales know this and will continue playing these monthly scalp trades. Keep it simple! Here are the two best plays right now:
Long 6K. Short 11,800. Close out anywhere between 8300-9500 on either long or short for a safe trade - you can't be perfect every time, so take that profit while it's there - don't get caught up in those dangerous waters. Safe, professional traders will only swing trade max five times a year, but they're so profitable that it's all they need. Play the big, obvious trends; not the unpredictable, no historic support/resistance areas. Good luck everyone.
DISCLAIMER: I DO NOT OWN ANY BTC OR CRYPTO