RVN BTC - Expect some Profits - 500% Profits PotentialRepost - 3 August 2020
This pair seems good at this price. You can add some entries at
Entry 1 - 0.00000190
Entry 2 - 0.00000181
Profits (Short Term)
TP1 - 0.00000198
TP2 - 0.00000228
TP3 - 0.00000246
You can also expect profits from 0.00001000+ too. But I would suggest we can fix some profits at regular intervals and rebuy if we see any dip.
SL - 0.00000173 on 4h candle close.
RVN BTC pair is also available at Binance exchange with up to 10x margin.
Margintrading
#Cardano #ADA $ADABuy and Sell Zones
Such a textbook move.
Notice how it retested twice before going up.
These are next stops whether we go down or up!
Let's gett itttttt
ETHUSD Bitmex - We want cheaper ETHGreen= 4H lvl
Yellow= Weekly lvl
I'm waiting for 230 - 210 $$ for a long time
PA looks ok to me
This is a bitmex chart so one can not blindly long this lvls although, I will load my ETH bag with more on spot around this prices
As for short positioned traders; watch the PA at 240 - 236 $$
Margin Trading: Longs, Shorts and Open Interest on BitfinexWhat can margin traders' behavior - arguably, ' smarter ' money-, tell us about current state of trends? Maybe some interesting things. Let's see:
First, Open Interest (bottom pane). It represents all longs and shorts open at any given time, in Bitfinex. Its all time high (ATH) happened during the very bottom of last bear market: December 14, 2018.
Shorts were in ecstasy, having piled up for an almost year-long period, starting January 19 (smaller dotted green line in Short's pane), and very close to their 5 times visited, previous ATH (thicker dotted red line, same pane).
Longs, also, were very close to their previous ATH (thicker dotted red line in Long's pane, starting March 25). After some disillusionment(?) (downtrend channel), margin bulls started accumulating a month before 6k level breakdown. It looks they never felt bothered with an almost 50% drop. It seems they liked it, in fact. Of course they did! Whales' plays.
Accumulation concluded February, 17 2019 (end of red dotted line in Long's pane), when prices started rising. Distribution instantly commenced as well. Something key, however, happened at the same time: the definitive breakdown from first overall open interest uptrend channel (see bottom pane again). More on this later on.
On the way to the new 13.8k lower high, old shorts helped fuel the rise initially. And new ones as well, once frustrated after 6k and 9k levels were breached. Between swings, longs also contributed again too. But, remember Open Interest? Kept falling all the way through, inside a new down channel which became clearly visible.
Open interest all time low (ATL) came 17 days after 13.8k high, on July 12, 2019.
It's worth noticing the huge short claim / settling transaction which took place on June 29, as well - presented, in this study, in a custom view of an enhanced vol. indicator . Probably not a coincidence, near last open Interest previous ATL, form December 30, 2017. Interesting, huh?
From then on, we've been witnessing a new bear market.
Noticeable aspects since then:
Shorts remain inside their downward channel, and have not piled up during this fall , as happened during the previous one. At most, they moved almost sideways some times. Still, they just renewed their ATL (as of the moment of this writing).
Longs, instead, behaved similarly to previous bear market - but less aggressively, until..
Bulls jumped onboard margin longs in a way never seen before , starting November 21, 2019, bringing the ticker to a new ATH , and, as of December 1st, out of Open Interest's downward channel . What is it that they know? Wish I knew.
But what we can see is that there was a clear breakout from a long-time rising triangle in margin longs . Shapes work here too, it seems.
Another "coincidence": last recent Open Interest top happened at the same price level as the previous Open Interest ATH (April 10, 2018).
To conclude, what suppositions can we make with somewhat decent level of reason here? Maybe these:
If Open Interest continues its path towards a new upward channel while price manages to break out from current downtrend as well, we can see a great new bull market take shape.
Still, there are way less short positions open to fuel the uptrend now.
There are lots of longs open. If bull rally fails, these whales (or could it be only one?) may not want or be able to hold, and trigger a massive sell-off. So, yes, we're standing over a huge crate of dynamite. So...
...trade wisely. Lose little. Stay in the game.
PhinkTrande
One hard truth about trading crypto: many 'clocks'Well, friends... Hello again!
After turn of day excitement and disillusionment, here a simple but important example of how key is to keep more than one exchange in check for key levels:
4.272 projection for 'wave 1', down at low 8000's, was hit on many, if not all (most relevant) crypto exchanges, except... Bitstamp. Now, not anymore.
It cost some folks the bad sensation of being trapped for who knows how long, or be point-blank stopped. Could they have avoided it? What do you think?
So, trading crypto is a bit like having many clocks. You never know which one is right at any given moment.
As such, the best you can do is, whenever you have a target, double-check it on multiple "clocks" / exchanges.
Those that I watch more frequently, here on TradingView, are:
BitMEX
Bitstamp
Bitfinex
Binance
Coinbase
HitBTC
(BTW, there was a second option to avoid this trap: as it usually happens in many trading situations, this latest rejection level is also related to 2 day TD Setup resistance line. Please check related idea for more information.)
Now, changing topics, briefly: another noticeable event, also highlighted on charts, are "off-the-book" margin operations on Bitfinex, which frequently lead to higher volatility, as exemplified. Such event preceded latest run up too.
To learn more about this topic, please check here .
So, what you think now? Price going down -- a bit a least -- or no chance, the way is up?
Cheers!
PHInkTrade
ONT/BTC - Buy opportunity available!ONT is gaining strength and a possible 5th Elliot wave in play!
This is a chart on 1h time frame, so the stop loss and the reward it will be accordingly. Anyway, ONTBTC is on margin trading as well, so... if you want a bigger win u can use a 5x leverage, but it's up to you!
Enjoy it and have a nice weekend!
Not good to defy 1.618 prj, 0.618 rtrc & 200D MA all at once (2)... and with a TD 8 Daily still. It's really not a good idea.
*(2) : this release with a fix, removing an external link. Beware of the rules, PT.. ;).
So, If you are seeing this again, pls, have my apologies.
Still, if you would be kind to leave your like again, I'd be much grateful. Tyvm!
Hi there fellow traders! Hope this post finds you well and safe after this last slash down.
In this moment I believe it can be useful to bring a daily chart to you, so to help make things clearer, and show where we stand in a more broader sense. Let's see...
So far, the move up has been consistent, and, as I've shared with those following my charts more closely, this has been pretty much like textbook stuff:
Wave 1: 1238 usd move (from 6.5-7.7k);
Wave 2: -805 usd; (to 0.618 retrc. of wave 1, to 6.9k)
Wave 3: 2260 usd (to somewhat above 1.618 ext. of wave 1, to 9.16k)
(if so considering:
wave 3 intermediary 1: 1532 usd move (to 1.272 ext of wave 1, from wave 2 bottom).;
wave 3 intermediary 2.: -766 usd move (to 0.5 retrc. of minor bottom (6850;) or 0.382 from major bottom (6427)
wave 3 intermediary 3: 1488 usd move (to somewhat above 1.618 ext. of wave 1, from wave 2 bottom).
)
It's clear that letting price move past 1.618 fib. projection level in one swoop (without a swing) was not in Bear's minds, and this move above it was designed to bring in liquidity, so some whales could unload more comfortably. This, of course, just in my humble opinion.
Still, I was happy to be able to see, based on Phi proportions, that price would probably find a hard time moving past 9160, as per some messages I sent before, and also tweets, just after last small breakout which took us there.
Now, let's see what's next..
An interesting hypothesis can be the conclusion of this major movement up, still as per textbook:
Wave 4: Retrace down to ~8.1 - 7.9k levels ( about 0.382 to 0.5 retrc. levels, from wave 3 bottom)
Wave 5: Extend up to about 10.1 - 10.5k levels ( 100% of wave 3, from wave 4 bottom, to be defined)
Another one could be that this is already wave 5, and thus, we would start a 3 legs move down (a-b-c).
In that case, we could go lower. In fact, we always can, of course.
So, what do you PHInk? ;) Run up from here, now?
A swing before a new attempt to break 200D MA?
Or "this is it". Now it's tanking time for BTCUSD?
Please let me know your thoughts and/or questions in the comments.
Tyvm for you attention! And, please, let me know if you liked this idea.
Finally, as always: trade wisely, lose little and stay in the game .
Best!
PHInkTrade
So, resistance is here. What can we expect now?Hi there, traders!
So, resistance came quite around anticipated level, producing downward swings to upcoming fractal structures (represented by colored averages on 305 mins chart).
First average (pink) couldn't manage to hold two succeeding attacks, letting price break past it, as well as nearby uptrend line. A clear weak attempt to test pushing price back above it resulted in a sharp rejection. Noticeable also ware margin traders' activities (Bitfinex): a considerable amount of longs closed (also shorts) -- resulting in a decreasing open interest.
As of this moment, it's reasonable to expect a visit to second moving average (light blue), around 7600 level, followed by some consolidation, and a potential pullback. Still, some good amount of doubt is reasonable as to wether BTCUSD will manage to break above trend line (TL) again, from this range -- let alone overcome dark blue average. If it does, frontier targets lie around 8500-600 and 8900.
Supporting this scenario is that it seems there is more steam arriving, implied by yellow average appearing below orange one, at around 7200 level. Another sign of a likely uptrend recovery and a top retest attempt is oscillator line (currently black) nearing up-trending magenta average.
Attention points:
Marked areas;
Touch to averages and horizontal lines;
Touch to uptrend line (dotted blue);
Any relevant margin activity, specially large claims (detected by margin enhanced volume indicator ).
Trade wisely. Stay in the game.
PhinkTrande
It is ready for bullish trend?lots of people focus on every charts in every markets to find good solution. some of them analyze BTCUSD long or short charts to find out how capital flow.
It is not clear chart. it is best chart to see how Tether accumulated in every Bull & Bear trend. On the image of BTCUSDLONG you can see several moments which trends is against real charts. because people had margins false & huge amounts of USD/USDT flow on specifics place. In two times ago, after accumulating capital, chart was ready to start UP trend.
NOTICE: every charts have clear & dark meanings. Be careful on this new trend.
Wicks up, reaping liqudity, pump soon if consolidation BTCwe are still compressed and moving upward
unless below trendline, I wouldn't say it's bearish
not sure whether to qualify the small pumps as scam wicks or not but I believe the tests of resistance are liquidating the sell orders. If consolidation continues upward or close to the 130 ma it's just eventual that we'll have the pump without adequate sell orders to suppress price
a swing low of 7250 is possible the 1hr is always a good short position.
still I wouldn't step out of my long just to grab a short scalp. Trade at your own risk.
ETH/USD ETHEREUM BITMEXWith a small rejection at the 50MA we have created/added onto a resistance. We can see a new test of this resistance and this will likely determine the route ETH/USD will ultimately follow. Because Bitcoin from my previous analysis is long, I would likely also long ETH/USD in this scenario. ETH/BTC pair I may avoid until further notice.
Shit that Might happen with BTC, strategywe're sitting on top of weekly 50ma, kinda expecting a wick underneath before the week ends and then finally breaking resistance and stopping at weekly resistance to form a flag.
I'm half expecting what I drew to be invalidated at some point so I can counter trade the pattern. But for the most part that's what I can see from here.
BITCOIN | Bounce Now For Next Leg Down?Friends, please at first, support this idea with your Like and any Comment, thanks.
After break down raising wedge, we got a bounce with the wick at OTE (0.705 Fib)
BTCUSD Long Cross at ByBit - Risk 2%
Entry around $7560
Target $7752 - $7820 - $7950
Stoploss $7371
FREE Telegram | t.me
XBTUSD Bitmex Chart Analysis November 28th (BitCoinGuide)
Hello, it’s BitcoinGuide.
It’s been a quite busy day for me.
But today, I also prepared trading strategy which took about 2 hours.
If this is helpful, please “Follow” me and press “Likes”.
Now let me begin XBTUSD Bitmex Chart Analysis for November 28.
The above shows 30 minutes chart for yesterday.
It showed quite an interesting movement.
We saw a precise short position entry point along with route B,
(It was stronger than expected, suspicious movement)
After, the route changed from B to A.
Rather, the wave of route A expanded much more than expected.
In case of yesterday, if you have seen my latest analysis,
You could realize there has been a change in patterns.
(There are wave patterns based on my analysis. And it continuously changes according to the direction of movement)
Yesterday, I closed my short position and waited for “Dead Cross” for 4H chart.
However, it showed a sharp rise.
This kind of movement can be called “variable”
It’s quite hard to understand according to chart flow.
And it would be very hard to make profit except those who have been persevering loss and waiting for this.
There are 5 principles that I emphasize every morning.
Which are,
1. Do not rush for one you missed
2. Enter “long position” on supporting line,
And enter “short position” at middle line
3. Buy or Sell with “limit price" / Patience for “Short Position”
(In case of short position, wait on middle line, but if it touches the resistance line, wait for the next wave)
4. Don’t forget “stop-limit price”
5. Among 2 positions a day, If you successively lose twice, set “limit price” on final entry point and close the day
The price reached the resistance trend line for 4H chart,
So in principle, you should have closed your position with short profit from the short position.
Furthermore, there are lots of people who worry about hacking incident from Upbit,
Bitcoin futures trading is used by investors from worldwide,
Believe it or not,
It has less chance of huge impact from one exchange market.
I also explained about this last time.
Today’s strategy.
It’s 30M chart.
I will briefly summarize the important sections.
Please focus on the upper red trend line and below orange line.
1. Please check route A(long position) and B(short position) with entry points and prices.
2. If it moves along with route A, check whether it goes down below orange trend line, and enter long position on $7,547 (If it goes down, it has more chance for route B)
3. Along with route B, wait for short position.
Check whether the price touches the resistance line of 30M chart Bollinger Band twice.
(If it touches twice, it has more chance for route A, please confirm the recent moving pattern)
Additional explanation,
*Long position, and short position have totally different way of operation.
This is why short lovers disappeared a lot.
According to your trading style, it is recommended that you should ponder your difficulties.
This is it for today.
In face, we have yet to face uptrend.
The safe zone is yet to come.
From the above, weekly chart, and monthly chart are suppressing with downtrend signal.
So at least, the price should go above $8,500, where it has much evidence that the downtrend is invalidated.
Just for your reference,
The price should be supported without any huge drop.
Or else, Drastic fall rather should come early in order for uptrend that everyone waits for.
I will come back to you with FX analysis in the afternoon
Fighting
(Translation help.
Jae Ho Shin)
November 28th. XBTUSD Bitmex Chart Analysis (BitCoinGuide)
Hello, it’s BitcoinGuide.
It’s been a quite busy day for me.
But today, I also prepared trading strategy which took about 2 hours.
If this is helpful, please “Follow” me and press “Likes”.
Now let me begin XBTUSD Bitmex Chart Analysis for November 28.
The above shows 30 minutes chart for yesterday.
It showed quite an interesting movement.
We saw a precise short position entry point along with route B,
(It was stronger than expected, suspicious movement)
After, the route changed from B to A.
Rather, the wave of route A expanded much more than expected.
In case of yesterday, if you have seen my latest analysis,
You could realize there has been a change in patterns.
(There are wave patterns based on my analysis. And it continuously changes according to the direction of movement)
Yesterday, I closed my short position and waited for “Dead Cross” for 4H chart.
However, it showed a sharp rise.
This kind of movement can be called “variable”
It’s quite hard to understand according to chart flow.
And it would be very hard to make profit except those who have been persevering loss and waiting for this.
There are 5 principles that I emphasize every morning.
Which are,
1. Do not rush for one you missed
2. Enter “long position” on supporting line,
And enter “short position” at middle line
3. Buy or Sell with “limit price" / Patience for “Short Position”
(In case of short position, wait on middle line, but if it touches the resistance line, wait for the next wave)
4. Don’t forget “stop-limit price”
5. Among 2 positions a day, If you successively lose twice, set “limit price” on final entry point and close the day
The price reached the resistance trend line for 4H chart,
So in principle, you should have closed your position with short profit from the short position.
Furthermore, there are lots of people who worry about hacking incident from Upbit,
Bitcoin futures trading is used by investors from worldwide,
Believe it or not,
It has less chance of huge impact from one exchange market.
I also explained about this last time.
Today’s strategy.
It’s 30M chart.
I will briefly summarize the important sections.
Please focus on the upper red trend line and below orange line.
1. Please check route A(long position) and B(short position) with entry points and prices.
2. If it moves along with route A, check whether it goes down below orange trend line, and enter long position on $7,547 (If it goes down, it has more chance for route B)
3. Along with route B, wait for short position.
Check whether the price touches the resistance line of 30M chart Bollinger Band twice.
(If it touches twice, it has more chance for route A, please confirm the recent moving pattern)
Additional explanation,
*Long position, and short position have totally different way of operation.
This is why short lovers disappeared a lot.
According to your trading style, it is recommended that you should ponder your difficulties.
This is it for today.
In face, we have yet to face uptrend.
The safe zone is yet to come.
From the above, weekly chart, and monthly chart are suppressing with downtrend signal.
So at least, the price should go above $8,500, where it has much evidence that the downtrend is invalidated.
Just for your reference,
The price should be supported without any huge drop.
Or else, Drastic fall rather should come early in order for uptrend that everyone waits for.
I will come back to you with FX analysis in the afternoon
Fighting
(Translation help.
Jae Ho Shin)
Will we Sink? BitcoinVfi is crossed down on 1hr and 4hr, we don't seem to have the same momentum the last time we touched down at this level. Cci is developed negative across 1hr and 4hr. Unless bitcoin enters the green circle, can't go long, below red line will mean a massive dump.
If you like my calls, you can see more of them, all my sweet entries, and learn more about trading at my discord Verbatim Crypto Calls discord.gg just click the invite link or message me @VErbadoo#0847
Or if you wanna sponsor me use my ref code for Primexbt primexbt.com Great liquidity, great fees and doesn't overload like bitmex