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BTCUSD H4/D1 charts (3/22/2019)Good morning, traders. Since yesterday's shakeout, Bitcoin has continued to rise but has found resistance at the 50% retracement level around $3988. It appears that price is printing an ascending triangle as it consolidates toward that level which is also the H4 21 EMA. A close above that high should indicate a target of $4055, based on the height of the triangle. That would put price at the recent swing high. A close above the local TR should provide a price target of $4150 and this would have price targeting the top of the ascending channel that it has been printing for almost a month. Closing above that channel's resistance gives us a target of $4360 which would then give us our first higher high off that corrective low in December. If there isn't a surge of volume taking price toward $5000 once it moves through the ATH's descending resistance, then the $4300/$4400 level would be a likely place to see a retracement. The $4921 level is the 161.8% extension off the first impulsive wave in December and it is also the secondary descending resistance level as shown in the daily chart. Currently price remains above the daily pivot and 21 EMA while RSI is bullish at 60.5. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
6
Mid-Term Bull and Bear Active Algo TargetsThese are the highest range swing-high/low algo targets currently active (with likely algo, aka. program trading, participation). Lots of smaller range stuff going on as usual. These are based on the algo assumption of participation entry between 0.618 and 0.5 and exit/flip at 0.65 with a target of -0.236. In theory here, the bull scenario is using a larger range and so it would likely be stronger than the bear scenario, however, we are still in an overall bear market and bearish trend extending well beyond the timeframes discussed here.
BITMEX:BTCUSD.P
by CryptoKick
Bitcoin Daily Update (day 333)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge Consensio: P > S MA > M MA > L MA Patterns: Phase 7 Hyperwave | A&E Horizontals: R: $3,992 | S: $3,859 Trendline: At $4,536 Parabolic SAR: $3,539 Futures Curve: Contango BTCUSDSHORTS: Watching for it to take out the local low at 18,970 Funding Rates: Longs pay shorts 0.0065% TD’ Sequential: G6 Ichimoku Cloud: Very surprised that we haven’t seen a bullish kumo twist Relative Strength Index: Testing 70 Average Directional Index: Bull trend on daily. +DI is starting to approach -DI on the weekly. Price Action: 24h: -0.4% | 2w: +16.3% | 1m: +10.5% Bollinger Bands: Weekly is very bearish and the MA is in confluence with the TL Stochastic Oscillator: Sell signal Summary: I was hoping to see some more follow through out these last 24 - 48 hours. The volume was there on both breakouts (Feb 8th & 18th) however we have petered out at $4,000 horizontal resistance. The fact that we continue to consolidate above the 4 EMA is a very strong sign as far as I am concerned. We didn’t smash right through resistance and that left us with two options. Get rejected hard and retrace the full rally from $3,600 or see support move up and consolidate. The longer we continue to support above the 4 EMA the more likely I think we are to pop through it hard and fast. If that happens then my targets are the bear TL and the 200 day EMA. If not in a position then I would shy away from BTC due to the resistance that is stacked from here to $5,000. However, there are some other options that appear to have less resistance and better risk:reward ratios. XRP and BCH look ready for a big rally that might lead the rest of the market through this current area of resistance. Both recently had an ABC correction that pulled the price into a golden cross with the 50 & 200 EMA’s on the 4h chart.
BITSTAMP:BTCUSDLong
by Sawcruhteez
2
AUDJPY Bullish Breakout Triggered - 4HR The Bullish setup on the 4HR got triggered. During the setup (green shaded area) 2 trades were possible: A pullback trade, with entry at the MTF levels (PB line), and the usual breakout trade at the breakout. Targeting the next MTF levels at 80.863 and 83.960. Trail the stop as the trade develops If you find this useful, please like and subscribe to get notified of updates and new ideas! If you want to tryout the indicators and strategy, follow me and drop a comment or pm and I’ll get you set up. Stay calm, and happy trading!
Long
by DariusZen
XRP/USD finding supportTaking a look at the weekly chart here, XRP is currently printing a doji at a key support level. It is also forming a double bottom inside a larger double bottom at said support that has held since august. a strong close on the weekly could send us back up and I have posted a couple targets to look for given that bullish scenario. While a failure at .28 cents would be a bad scenario for those bullish on XRP, I believe this chart is currently set up better for a move up. A break of .37 cents to the upside could indicate a much larger move is in the works. Happy trading!
BITSTAMP:XRPUSDLong
by Aris_Rising
MITH MITHRIL is about to give massive gain of 30-50% very soon#MITH is holding its position around its all time now.There is high chance for its breakout, that would end its downtrend.Last time it showed a rally of 20-25% when RSI moved to 36. currently RSI is playing around 30-33,everytime it touched 35, rally is expected. ADX +DI is around 16 close to -DI,cross over can be instant. MACD is bullish. We are yet to see rally in 2019, and if this breakout happens we can easily see massive gain of atleast 30-50% in a matter of days. #MITH Mithril MIGHT BE A HIGH RETURN CALL CALL TYPE : INSTANT PROFIT + #SHORT TERM CALL EXCHANGE : BINANCE #MITHBTC ALWAYS HOLD FOR 2ND AND 3RD WAVE TOO COIN : #MITH/BTC Buy AROUND : 1420-1480 ⏬ TARGETS ⏬ Target 1 : 1550 Target 2 : 1652 Target 3 : 1752 Target 4 : 1949++ StopLoss : 1370 OR HODL OR LADDER POSITION WITH FURTHER -5% STOP-LOSS FREE CRYPTO TRADING CALLS ON Telegram t.me
MLong
by open4profit
2
BTC/USD - Bearish Divergence and OversoldBTC has seen a 12.5% move down over the last 4 days ranging from $4000, to $3600. RSI entered oversold region on the 9th of Jan and a small bear flag looks to be forming on the 4hour. I expect we'll seen another leg down to new yearly lows around $2800 over the coming weeks, I will be staggering my long entries within the green boxes. If we see momentum switch bullish again I will be looking to enter into a short term long around $3920 and will most likely hedge with a TRX short. Clear rounding and staggered bullish divergence on the chart could align nicely with lack of oversold momentum which could propel price levels higher over the coming days if $3500 region fails to break to the downside.
BITMEX:XBT
by astronautdotgg
GBPUSD down around 1.26000 Situation Currently, the price of the GBPUSD is in a downward trend. the price has gone through a large daily support zone. This zone has been bearish tested between 12 and 14 December. We can now determine that this has become a large resistance zone (red). Price is in S/R zone 1 (orange) at the moment. this zone ends at point 1.26000. This is currently being tested several times and has even been broken once. Now the trend lines are discussed. As you can see, trend line (blue) SR-A (Support-Resistant line A) has been approached several times. You can find these point in the light blue circles. This SR-A has been a very important support line in the past. Price has since risen again but the bulls did not have enough power to raise the price. Because of this the price has dropped again. Now it can be confirmed that SR-A can be seen as a resistance trend line. The SR-B (Support and Resistant line B) trend line (black) has also been approached several times. You can find these points in the gray circles. The price has not been able to pass the trend line since December 6. This will therefore have an important part in our analysis. Expectations I expect the price to reach the top of the S/R zone 1 (price can already fall before reaching this point). It happens in any case when reaching the top of the support and crossing the SR-A line. After this, I expect that resistance will arise around the indicated 1H S/R zone (green) . This will not be a very high one, but I expect a small contribution from the bulls. Hereafter the course will pursue the 4H S/R line (1.24839). Here I also expect a struggle in the price which makes me think that bulls will have an input again. Thereafter I expect the price to drop to S/R zone 2 . This place could be a nice, perhaps temporary TP (Target Profit). * But when the price would rise here, I expect the SR-B trend line to push the price down again. If this is not the case and the SR-B zone is exceeded, the next resistance will be the SR-A trend line . The SR-B then becomes the new support trend line. Despite the possible exceedance of the SR-B , the price will not come quickly beyond the trend line SR-A . Here you can also find the S/R zone 1 . Because this zone is passed in the past, it becomes a resistance zone. If situation 2 is the case then I also expect that S/R zone 2 will be reached. If the analysis is successful, we can confirm the following winnings: TP at point 1.24180 = 165 pips profit You determine the stop-loss place yourself. I would advise to place it above the S/R zone 1 to achieve maximum gains. You can also take a position at the pullbacks in the chart. Stop-loss sizes are determined by your own risk management.
Short
by JvdB99
3
DCR/BTC Trading PlanTRADING STRATEGIC BINANCE:DCRBTC Chart Analysis: -Chart Time frame: 1D -Time Frame: 3D I have been observing this coin over days, slowly but surely has been growing upward momentum, forming a ascending triangle. It also has formed several upper long wicks which can be interpreted as strong rejection or buying power vs small liquidity, meaning players are getting in to the game. another perspective of this formation can be a bearish flag. Either one, I am expecting a bullish breakout of this ascending triangle in the coming 3 -5 days but having in mind that we are in a bear market therefore I have set a tight mental stop loss. Indicators: -RSI: coming out from Oversold area. -StockRSI: looking like is starting to come from oversold towards overbought. -MA: we got some Golden Crosses at lower time frames, however we are about to get a significant golden cross in the 6H chart. -MACD: Short EMA has crossed over Long this is a good buying signal, and Histogram is moving Upwards. Its significant because we haven't got a buy signal since beginning of November. -TD sequential has reset from a red 9 and now start from today a green 1. TRADE MANAGEMENT: Trade entry: 0.005000 Stop Loss: 0.004950 -Targets: Mercury: 0.005236 Venus: 0.005370 -Risks/Rewards: -Risk/Reward Ratio: 6.34
Long
by vfxvictor
1
BCHSV Descending triangle + Trading Plan + TargetsTRADING STRATEGIC BINANCE:BCHSVUSDT Chart Analysis: -Chart Time frame: 4H -Time Frame Analysis: 15M-1H-4H-12H-1D Hi everyone, SV has been in consolidation since we hit the top of wave 5 141.31 (Binance), I could not stop noticing the descending triangle SV is forming. Also last night we pushed trough resistant breaking out a trend line, however, SV has found a lot of resistance forming indecision candlesticks after the breakout, this is basically calling for a big move. Either goes down or up we dont know yet, one word probabilities, we weight the odds we measure our risk and then we get our trade. That is trading, this how we differentiate from Gamblers. I consider this a risky trade, because I have conflicted ideas, for some reason I been thinking that SV is going to go lower. so why Am I going long then? Well the way I approach Chart analysis (priority order) is by first Candlestick Patterns, I zoom In and work without any line , any indicator so I get the feeling of asset, and I pay attention to the candlestick shape form using 4H-6H-12H-1D. Second, Support and resistance level. Third, I draw patterns such as trend-lines, channels, triangles and wave counts, (notice how this last has the least impact in my methodology). In addition, I give more weight to higher time-frames. and after that I use Fib techniques combine with support and resistance to take the trade. *Dojis*: After the trendline Breakout dojis starting to appear showing us indecision, if we pay attention to the last 3 dojis price action has been closing higher, it also showing bullish strength since several times bears have tried to pull it down. Second doji looks like a little hammer along with the third. If you draw a trend line using the lows you can see a little ascending triangle. Indicators: -ATR: it is at his lowest since we start the previous rally. this indicator measure the volatility. -RSI: 12H is neutral+ D1 -StockRSI: is Over Sold (bearish), however is not a key support to paying attention to. -TD Sequential: 12H green 2 trading above green 1, this is one of my favorite combinations to trade, if we start trading above wick 1, price well shoot. so pay attention to that. -MA: Golden Cross at 4H Trade Management: Trade entry: 99.80 ( ACE) Stop Loss: 93.00 -Targets: Mercury: 106.00 Venus: 112.25 Earth: 118.00 Moon: 126.10 Mars: 136.50 -Risks/Rewards: Risk/Reward Ratio: 4.60
BLong
by vfxvictor
5
BCHSV/USDT 33% Gain TRADING STRATEGIC Chart Analysis: 15M-1H-4H-1D I've watched how BINANCE:BCHSVBTC has been forming a continuation pattern, It could be interpreted either as symmetrical or ascending triangle, it also looks like StochRSI (15M and 1H Chart) is ready to move up for what I consider a 5th Elliott wave or C from a bigger correction. Trade Management: Trade entry: 92.00 Stop Loss: 90.00 Risk/Reward Ratio: 14.48 Target: I usually have several targets(they are posted in my previous posts), but for this time ill just post one I calls Neptune if you zoom out the chart you will be able to see it. Target: 120.00
BLong
by vfxvictor
10