Bitcoin, Bulls are still running, waiting for re-entryWaiting for price action to meet the blue 1/10th*233 ma on the 1hr chart before re-entry for a long. CCI looks great and we're above the 1hr 100ma. Last time we were above the 1hr 100ma we ran to 12k
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Margin
Bitcoin still running longI made another entry where the Price Action touches the upper band on the 15min. I believe our next stop is 11k, adequately compressed though cci is losing steam we still have enough left for another leg up and then might get a clearer view of whats next up there.
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Bitcoin - Smack Down Set-up ~ Deep Dive 9/4/19I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
Bitcoin - Let's Get Dirty ~ What I am doing 9/2/19I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
Bitcoin - Scouting a Low ~ High Risk Long Opportunity 8/29/19I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
ETHUSD! Be careful with long positions!!! 08/07/2019Hi, everyone.
Yesterday, the ETH could truly breakout from the wide balance (192-235) and start the uptrend.
But instead, the breakout was false and the price returned back into balance. And close to the Asian session the price showed a bearish initiative.
At the moment, for the bulls to take control again, the price needs to breakout 2 levels - 231 and 240.
Breakout and holds above 231 will open the road to 240, where the bulls will again try to break higher. A true breakout of 240 will open a new bull trend with the first targets 267 and 278, so in the area 235-240 you need to closely watching what market participants are doing. This can be seen by volume and price reaction after that.
While we are below 231, we remain in the priority of the bears, so now we are waiting for the price decline to the level 217 with a potential goes to the lower balance level - 192.
If you speculate intraday, do not forget to put stop loss orders and control your risks.
Wish you all profit.
Highest Bullish Sentiment EverThe long/short ratio has recently rocketed to 3.80 while it has never been above 2.30, not even during late 2017. This means there currently is a 3.80 USD long position for every 1.00 USD short position on BITFINEX. Big price movement could soon follow as the market is so one-sided with the sentiment looking extremely bullish.
BitcoinContinue to update BTC structure from previous posts. Bitcoin price is reversing in Descending Wedge (Falling Wedge) with RSI giving us Bullish Divergence signal. Projected take profit targets near 12000 and 12700 dollars.
As we saw price started to surge from 13200 («B» wave purp) with Bearish divergence on RSI and Ascending Wedge (Rising Wedge) breakout. I called this move on previous analysis
Now price made a new Descending Wedge (Falling Wedge) on a chart you can find it marked with blue lines. Projected target of this wedge should be around 12000 as TP1 and 12700 as TP2. Good stop loss is under previous low at 10950.
RSI stoped dropping at 23 (11600) and continued with higher lows from it with bullish divergence and lower lows on price 11150 and 10980 respectively.
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XBT-USD Long Trade PlanCommodity : BITCOIN
Trade Type : LONG
Trading Against : USD
Exchange : BITMEX
Entries : Double-UP Entries throughout both the Buy Zones
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-7 Days
Ripple XRP Quick margin trade. Good ratio 1:2Margin trading is perfect in btc and xrp because you can find key levels plus candlestick analysis to be more confluent with the market. A very good ratio benefit to begin the week. If you like my analysis give this one a thumps up and follow me. Namaste.
Rising Wedge Long BTC - Custom Longs/Shorts IndicatorCheck out the ALL Longs vs Shorts Indicator, Click Here
It can display any pair's Longs/Shorts on BitFinex
The amount of Bitcoin short positions on Bitfinex fell by 20% this morning following a 6,500 Bitcoin short order being closed.
Usually a move of this magnitude would move the Bitcoin price up, but it didn't break $5,350 level of resistance.
The lack of price action could be attributed to a hidden sell order being placed, which would mean that in spite of the $34 million short position closing, price would remain pegged to the hidden order.
The amount of long positions on Bitfinex did increase from 23,800 to 26,000, which could suggest that a trader flipped their short position to long as a result of the ongoing market rally
finance.yahoo.com
Mirror image repeated pattern ETHUSD SHORTING SIGNAL/TARGET Hello my Crypto friends! Look what i have discovered today... YES a repeated pattern
nearly identical to what we saw almost a month ago. I highlighted the uptrend in BLUE and
downtrend in RED. The current 61.8 fib support level is at 138 which is a very KEY support level.
If we break through $138 expect bounce of trend line as $138 support would turn into resistance.
Once trend broken look to see support found at $125 which will be a great place to close your SHORT as
i have provided you with a trade signal in the chart that i have already shared with my VIP members!
Best of luck to everyone following this chart!!!
Thanks, LiquidMEX
DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
Resistance becomes Support? Or wait for retrace?
We have been in the process of forming this symmetrical triangle for almost 3 months now. Many call it a Bear Pennant but according to traditional pennant rules, it can't be longer than ~ 3 weeks. Though this is crypto, but it should be faster moving if you want to use that argument.
In either case, I have been tracking this downtrend line since Christmas when we got rejected the first time and it held up again, but this time we broke through it and it seems as though we have gone and tested it for support and it held. I closed my long you can see on the chart (little blue arrows) in a good profit at 3815 (It was a leveraged trade. I am taking all my profit in BTC from 2019 onwards). Normally one would wait for a retracement to the 0.382 or 0.5 Fib lines before entering but I am curious to see how this support holds up. We had a relatively long consolidation the month before, so it is possible for the momentum to continue here. But I am still waiting before entering any leveraged positions.
Longs vs. Shorts data has been interesting too. There is a decline in both overall, but the difference between Longs and Shorts have been shrinking in favour of the Short-side.
ibb.co
What that tells me is there are more people closing their longs than shorts. It also suggests that a decent portion of those not closed yet are underwater and could get stopped out or liquidated in another push up. All will be interesting to watch :D