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#btcusd (index) - Why I am staying neutralGood morning everyone, I do get asked alot if I am bullish or bearish at the moment, and if this might be the last chance to buy Bitcoin this "cheap". The answer is very simple. I don´t know. If you are bullish long-term and you don´t want to buy at 25k or 50k, than I´d say this is considered cheap for sure. If you want to chase a low, this might be far too expensive for you. I cannot tell you, if 3k was consolidation low or now the 7.4k was the last local low before break-up. Fact is, this candle looks bright but has it produced something extremely bullish yet that makes me throw in all my money? No it´s not. That´s why I have tried to show you here, what my personal definitions of neutral, bullish and bearish are (sorry it´s so colourful today). Considering we are just below primary, secondary trendlines, Quarterly Pivots, in the middle of the SAME 3D-Cloud we just broke down fulminantly (Resistance HotSpot), before we did not break the area around R1-Y 13k, I remain neutral, after that I will change my status to bullish, as long as we did not break-down the 3k again I remain neutral, if we do, I will change my status to bearish. This can by the way still be both a falling wedge correcture (better bullish odds) OR a triangle forming (neutral). Warm regards, Neru
BITMEX:BTCUSD.P
by Gl4diator
3
#bitcoin - Monthly Pivot, due for break-out?Good morning guys, sorry if I am a little quiet at the moment, still struggling a bit here. Anyhow, I am aware a lot of traders already called the bottom and classified bitcoin´s recovery as break-out. I´d be very careful with this, due to the fact we are just in front of the very important Monthly Pivot, that usually has the ability to turn the picture very fast. Bitcoin touched red and then bounced off the SMA100 and has been oversold, which recently marked lows (also tops, overbought on Stoch) and also produced a hidden bullish divergence which helped the price to recover. It does look more bullish now, I am going to wait until this Monthly Pivot is broken and will see if the volume is able to pick up a little. (It´s always a good idea to switch to lower intervals to monitor that: H1-H4 f.e.) The yellow box played nicely as key-level and former resistance became support now. Just maybe, this is a goodbye to 4 digits. Resistance around $10770 upcoming. Big support around $10k. ________________________________________________________________ Warm regards, Neru
BITSTAMP:BTCUSD
by Gl4diator
3
#bitcoin - *Update* We need a green Thursday!Bitcoin has made all its way down in only two days and now hitting the formerly mentioned potential bullish triangle support. This is a very hard approach that needs to be smoothed by a green candle tomorrow otherwise, the next support target is around $9500, where it would be immensely important not to fall through to keep the bullish trend alive. The monthly Pivot has not even made Bitcoin rest a little, which is the reason the yellow box has been hit pre-maturely and caused a little bit lower values as expected yesterday. Please also watch the H1-H4 interval in order to keep an eye on bullish reversals here. For some people, this might look like a good entry, but it is very much needed to wait for those signs in order to be able to justify the risk-management, which currently could sit just below $10k as a stop. Targets all remain the same. __________________ Warm regards, Neru
BITSTAMP:BTCUSD
by Gl4diator
1
#bitcoin - Daily, Pullback taking it´s tollLooking at the Daily interval of Bitcoin, we find now the formerly mentioned triangle-support just below us and in reach. Yesterday´s supports did not hold, so obviously it becomes more likely we at least can go to down to that yellow diagonal, where it crosses a secondary trendline. If we are hitting that, we need to wait for potential reversal signs. The "PB" - Pullback and the "RV" - Reversal Volume have been the big warnings here. Please also have a look at the former Chart ideas to get a brief overview of what we are talking about on a smaller timeframe. Monthly Pivot need´s to be conquered back after we have hit support without much delay, the longer this process takes the more people will start selling. __________________________ Warm regards, Neru
BITSTAMP:BTCUSD
by Gl4diator
2
#litecoin - $100 to break for bullish turnLitecoin seems to have accepted these two supports, breakdown-level and diagonal Trendline 1 coming . Even if we are overcoming this 3D-Trendline 2, the big hurdle to take for a bullish turn remains the magic mark of $100. I personally would not play games here with Bitcoin´s rising dominance. Even if there are bullish signs here, the volume remains decreasing, which is a sign that a bigger move is likely close, but which direction is unclear. 60-40 for bullish breakout would be my current guess. Medium Targets would be Quarterly and Yearly Pivots. _____________________________ Warm regards, Neru
BITSTAMP:LTCUSD
by Gl4diator
#bitcoin - 3D important levels #pivot #trendlineAnything red or yellowish is sort of starting to worry me. Also talking to a lot of people recently, I start to think the bearish approaches might have some good reason to do so. Some important levels down here, that BTC should stay away from. Let´s not break the P-Q downwards! Sideways would be enough (for most of us). ;-) Happy trading guys and stay safe. Always set stops. #dyor ..................................................... Warm regards, Nerubica P.S: To those who start asking me about why I almost never give directions: If you fixate on an idea you lose the capability of adjusting your strategy and do the right thing, that´s the reason, make two plans as you would write a code, if and else.
BITSTAMP:BTCUSD
by Gl4diator
1
#bitcoin - no setups on H1Good morning guys, the two recent setups with NeruSuite have been playing out nicely on the matching Pivots, both being cut off at the SMA100. Since then we could not validate the inverted Head and Shoulders and got now stuck in between Weekly and Monthly Pivot. I am going to remind you, that it happened also when we were experiencing the sideways between $7.6k and $8k, after that, we did break up. We also came out of a consolidation, so I am simply wondering if we keep accumulating for a little bit. This weeks pivots are currently perfect matches to the break levels and it is useful to wait and see where we are heading, you don´t have to make that decision now. There are still enough % left if you waited for a direction. _____________________________________________________________________________ No financial advice. NeruSuite v5 - advanced technical analytics tool. #dyor
BITMEX:BTCUSD.P
by Gl4diator
#ethusd - we need volume!Ethereum looks more or less still quite steady, and as long as the Leadline doesn´t get broken, I am not concerned. The way to Ethereum´s Yearly Pivot ($543) is still very long, but it´s not out of reach once ETH starts to pick up volume and breaks the local high´s level around $340, at the moment there are still good ways to set proper stops for long-term investors. Short-term it´s rather late, and we need to wait at least until the SMA100 will be left behind upwards. _____________________________________________________________________________ No financial advice. NeruSuite v5 - advanced technical analytics tool. #dyor
BITSTAMP:ETHUSD
by Gl4diator
1
#xbtusd #Bitcoin - don´t force setups that ain´t thereEducational Tipp: If you are in an area like we are currently, around the Monthly Pivot, within or near a bigger accumulation zone, near a neckline of a w-top, in a short-term downtrend (for H1), where some reversal potential could turn up out of nowhere, DO NOT FORCE TRADE-SETUPS. A day without trading and no setups to find can be a good day too! Go out and have fun, invite some friends, have a BBQ. Starring at charts waiting for "something" is a safe way to get bankrupt. You have to learn to wait patiently for real setups to happen, where you can set good stops and defined targets to maintain a proper risk-management*. Don´t forget we are in a consolidation period. Anything can happen at this point. Have a lovely day, people! *Always set stops. Dyor. No financial advice. If you are interested in using the NeruSuite v5 (final), please contact me in Telegram @NerubicaC or here in TradingView via DM. ____________________________________________________________________________________________ BitMEX Ref-Link for 10% Fee Discount the first 6 months: www.bitmex.com
BITMEX:BTCUSD.P
by Gl4diator
1