USD-BTC
Bitcoin High risk trade.
1 Everyone is bullish
2 shorting crypto
3 shorting B?TCOIN
So if you are long, maybe tighten those stoplosses. Take in some profit. Let’s see if it’s moon time......... or,
if b?tcoin just “mooned” us.
We’ve broken below the 200 simple moving average on daily followed by open and closes below. 200 is still closing higher, 🧐 keep an eye on this “rolling over” as a confirmation of weakness.
Weekly close confirmed hidden bearish divergence on the RSI and formed a possible Bearish Harami candlestick formation.
Confirmation is a tick below last weeks close @8235
Confirmation for spacesuits is a break of 9085.
BTC/USD - Did you buy the Retest? We did!Hello friends! We pretty much nailed it in our last trading idea for BTCUSD (linked below). As expected, the price touched our previous support, our key zone as well as our trendline at $8250 and bounced from here. After our confirmation level at $8380 got hit, we are long. The price is now back above the MA 50 (red line) and we might see another bounce.
Our target is located at our previous support from $8650 to $8750.
Congrats on those who followed the past two trades!
I will update you in this idea.
I'm also available on Traderlist if you want to follow and trade my portfolio of Crypto, Forex and Stocks.
Feel free to join our monetae Trading Telegram channel as well. The links are in my signature.
cheers,
cryptobuller
___
Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
EOSUSD Going UPHi All...
the EOSUD after retesting the broken channel it will go and test 4.56 level, there it bounces a little and as soon as it breaks the 4.5670 level it will go aggressively fast to hit 5.700 as what happened before in July 2019 and as it is an area of LVN (see the rectangle on right of the screen)
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ETHUSD - Plethora of Bullishness on Daily CandlesticksIn this video I look at a few of the bullish price action patterns that have formed on the daily charts including bullish engulfing bars, 2 bar reversals, and a 1-2-3 reversal pattern.
As a side note: I am going to try and keep future videos at 5 minutes or less. I didn't quite hit the mark with this one but am doing a lot better.
XRP/USDXRP/USD
Green range is where I will buy. The red line below is where I will position my stop loss. XRP has broken below each of its original support levels. Because of this I expect XRP to enter the green range where XRP needs to hold its final level of support level. If this level is not held we can see a continuation of drop in the price of XRP.
BTCUSD inside the Daily Corrective Structure by ThinkingAntsOkOur macro vision for Bitcoin is that the price is inside a Daily corrective structure with a bullish output once the structure is broken.
In the meantime, we will analyze the possible roads the price could take inside it.
Main items we can see on the Daily chart:
a)Our most significant structure is a falling wedge, that from a theoretical perspective this type of patterns are continuation ones, meaning that a new motive way should come after the breakout
b)The price currently is on the lower side of the structure looking for support
c)The descending channel of the last bearish movement has been broken, and a possible bullish wave could come, with a target on the upper trendline of the falling wedge
d)We have on the chart two possible scenarios, one long and one short. We are no taking any trade yet this is only with analysis purposes
e)Our Main setup will be developed once we have a break out of the Falling Wedge + corrective structure.
Daily View:
Bitcoin SV (BSVUSD) long.All description on the chart.
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CRO/USD descending broadening wedge!I really enjoy looking for charts that most people might miss. The Crypto.com token chart currently doesn't have as much data as I would like to see in general, but it still has peaked my interest. Lets look at this chart from a TA/FA point of view, and remember my last call recently sky rocketed, can I do it again?
Firstly the EMAs will not be a sufficient indicator to look at because this chart is too new, though we do notice all other indicators looking interesting. The RSI is very low, definitely in an area I like to buy at (buy low sell high remember). The MACD is showing that selling pressure is subsiding and traders/investors are putting in buys. We also see that since the low of Sep 3rd this year we have been creating a descending broadening wedge which is generally a bullish pattern suggesting a reversal to the up side. I like this pattern because it's very mature (about 3 months long), in relation to the charts beginning.
From a fundamental point of view we know that crypto.com is going to use the CRO token to power it's new exchange coming out in the beginning of December this year. It will give traders a discount on trading and have trading pairs for the initial listed coins, which will give CRO a lot more utility than it's ever had. In the future CRO will also be used to purchase newly released projects that list their coins/tokens with Crypto.com. We have to take BTC into consideration though, if it crashes/ falls then we will more than likely see a better buying opportunity, but if it stays stable or goes up it will give CRO room to grow.
Just a chart to think about or keep in the back of your mind for the future. Also you can buy other projects tokens on this custodial exchange like Matic and Cardano which are very popular these days.
My first bullish target would be at the top of the wedge around .34-.35 and if it breaks out then my next target would be around .47. If we break down I'll have my stop loss under the wedge to cover me. If you want to use my referral to sign up for crypto.com it is h6xsf7vf8g, best wishes to all.
Bitcoin in next 2 days? IS THIS REAL GUYSas you see i draw lines so i'm totally expert trader.
Ok serious now, i'm day-trader or three day trader as you want, because that's how long my hands can hold position on x9 leverage.
On chart i see some resistance on 7600 but if we beat this level, another totally "unpredictable" pump wave is coming right to our Long position to 8k.
i think it's totally logical that on the daily or weekly chart you see tunnel where bitcoin make it's down-trend and there is still key support position on 6500
where we will fight for 2020 gain on btc.
Yes my position is Long but i know how this market works, before 8k we will have massive dump to 7k to cut longs like mine.
watch if you can hold 7k, if not , i highly recommend prepare for this situation.
I'm not native english, and i don't have time for google my every gramma mistake, just want to share my idea and following this can be as profitable as causing loose.
Remember to check multiple ideas and create your own.
BTC-USD, a new bullish trend may come soonMy idea of BTC-USD is that it is coiling like a spring ready to start a new bullish phase. After the sharp rise, began with the candle on April 2 and ended on June 26, the currency pair moved in prolonged triangular congestion.
In the sessions of 25 and 26 October, there was a strong rebound, but immediately afterwards the congestion phase restarted again, with the price that first "walked" on the resistance trendline, and then returned within the triangle.
Now, a new bullish trend for BTC-USD may come soon, with the price that from end October has practically retraced 78.6% of Fibonacci and is back in the POC area (Volume Profile).
My personal targets are in the area $ 9,320/9,420, first, and then, in the area $ 10,540/10,640.