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Shakeout

Will Bitcoin finally break 194 day RSI resistance?Hello. This is just marking some bullish signs of the chart. We did go dip under 30k and even closed there on daily chart but there wasn't selling volume . Some people got shaken out, but the Smart Money opened their longs there with great risk/reward ratio. Bulls: - 7th try to break the RSI resistance, which is alot! Usually the fifth or sixth time is enough what I have seen. -If we do and close above it clearly it could give us another pretty good leg up thinking that we have been 194 days under that (there's some pressure) . I'll add picture of the weekly chart -There was some buying volume on the possible "bottom" However.. There are resistances we need to break before we can move higher: - 25 EMA (yellow, where we are now) which has clearly worked as resistance before -Lowering triangle -And usually the hardest 200 EMA (red one)
BINANCE:BTCUSD.P
by PalenTrade
1
Single print holds price back, how may trend continuation look?For now, I remain convinced the market is bullish, although weakening for sure. The 30k+ movement has some necessary qualities of the shakeout. It broke through my first support which is also a SINGLE PRINT - only a lone candle captured these levels on the upside rally, no consolidation. It was further tested in February and eventually, the price broke through a few days ago. Low Volume Areas, Single Prints, and the consequential lows, all hide liquidity below them. To some degree, 200 EMA does too. A price has already been overextended as Bitcoin more than tripled its all-time high in a relatively short time. Such a rally makes wannabe buyers hesitate. Big money needs that liquidity to open their huge positions. Of course, they will not enter the market when it is at all-time highs. Selling a little and taking advantage of many stop-loss and stop-market orders in Low Volume Areas, below Single Prints, below many consequential lows, below 200 EMA, is a legitimate strategy. For now, I remain on the sidelines. If the price gets above the single print, I expect a long-term trend continuation. Good luck!
COINBASE:BTCUSDLong
by OrcChieftain
2
Bitcoin - Buckle UpGood evening ladies and gents, It's been truly interesting these past days for me. I wasn't around for the past two bullruns and couldn't participate in the shakeout of week hands before capitulation. From my studies BTC shook the weak hands before the ATH of 1,163 and also shook weak hands on that drop from 4,765 to 2,972 before taking off to 19,666. OBV here shows an interesting story and a strong support line never broken before. Also it can be interpreted as a huge ascending triangle and would take a long time to develop. If you follow the numbers you will see that from the breakouts to the shakeouts, buying climaxes to selling capitulation the story repeats. One could never make a flat statement, so I cannot say this is it for the drop. But I can saw that we have a strong line of support and we most likely are experiencing a shakeout of weak hands and retail traders before taking off big time. Only time will tell, and later I will touch base again about it. Trade safe, but trade thirsty my friends!
BITSTAMP:BTCUSDLong
by mr_willmedina
7
XRP, The Final Shake Out...Wow, well it looks like XRP took a turn for the worse in the early morning hours. But did it really? Looking at the chart we see that we wicked down all the way to .95 landing right above our bottom Fibonacci level but quickly shot back up to 1.30 (now sitting around 1.17). This is very bullish movement. Two scenarios play out from here. 1. This turns out to be a fake-out shake-out and we quickly climb back into the triangle 2. We get some sideways movement for a while before shooting up Either way, XRP is looking great. :)
BITSTAMP:XRPUSD
by UnknownUnicorn8519602
QTUM/USDT Update: Recovery after a huge shakeoutQtum did rally nearly 300% as expected. Then we did saw a huge shakeout all the way back to the 0.6 Fib level. Currently we recover and look for support around the 0.3 Fib level. We still have upwards potential so we hodl on. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
3
Bitcoin whales shakeout on the weekend!Do not trade on weekends! It is rule n.1 :) We had nice whales shakeout. It means due low volume can make small sell big move. Many people had high leverage longs, because bitcoin was on strong trendline and they had stoploss below this trendline. Small sell caused a avalanche of selling due of many sl below this trendline. Second thing is everybody was bullish but volume was going down means nobody was buying. If you compare Bitcoin with Doge coin you can see that btc had bigger drop down. Why? Because btc traders are using leverage contract and don´t buy bitcoin like coin while doge coin "traders" are kids and retail traders and they buy coins and not contracts. Now is better to take relax and wait for Monday:)
Long
by UltimateCryptoTrader
XRP Don't Get Shaken Out On VolatilityXRP continues to make new highs, but that doesn't mean it cannot correct for 30-40% from higher targets ... As We are going higher be prepared for EXTREMEEE volatility that will scare a lot of retail investors. From the technical standpoint if we break through 0.382 fib. retr. level fast enough and stay above it for few hours we could continue to go higher and touch a 0.5 level before eventually correct down. If this happens, correction could be 30-40%, even as deep as 50% is quite possible especially if 0.236 fib. level gets retested again. So to sum up.... if 0.382 fib level wont correct the price, a 0.5 fib level will most likely do that. Whatever happens, 0.236 level is likely to get back tested at some point, maybe we deep even lower to a blue 2 year old support line, so don't be gready now especially leverage trading xrp at that price, as you could get liquidated faster than you could ever imagine. Wait for the dip and then buy it if you chose so. I am not a financial advisor so non of this should be taken as a financial advise. Do your own research, so you know what you hold. BITSTAMP:XRPUSD
BITSTAMP:XRPUSD
by AVA37
5
Whales Will Play FET/BTC #FetchAI #FET $FETHere we see our FET hourly chart and you can see we had a big pullback earlier today ! We hit up over 1500 sats (as I predicted several times ) coming close to our high from last summer - and then dumped hard to low 1200s area . Many think there are market makers on this FET chart but might I suggest there could be a school of whales playing in this water !! Looks like we will hit a TD Sequential 9 on the downside here in an hour and possibly see some turnaround . I still think the weekly resistance near 3200 sats is the target above us - though I can't predict how long it takes. Right above that is the .236 fib near 3420 - also a probable target above us . I'll post the other price targets above that in the linked chart below . I'm still bullish on FET for April and beyond . I think this pullback is just a shakeout .
by shimmeringpath
XRP Successful Trendline Retest - Last Weak Hands Shaken Out imoA few hours back xrp and other alts underwent a quite brutal correction. I think that with this shakeout, last early weak hands have ben shaken out in my opinion. We could consolidate a bit in those price areas before another leg up. Going back down into new lows is not entirely impossible, but highly unlikely at that point and also considering that this retest was a double one. I am not a financial advisor so don't buy anything that a say. Have a nice one. BITSTAMP:XRPUSD
BITSTAMP:XRPUSD
by AVA37