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Usdbtc

Bitcoin falling wedge.Today I present you with Bitcoin's falling wedge pattern, which generally breaks upwards but I am trading this down for a bottom touch first target. Remember though a falling wedge, although a bullish pattern in terms of opportunity, is a pattern of lower highs and lower lows signalling selling pressure and it is best to buy a break of resistance with volume confirmation, it that comes. Price is being held up from the 786 Fibonacci bounce currently. I am trading this falling wedge by laddering in shorts up to the 0.618 Fibonacci level at $3560, to trade this down to my first target of the 200 weekly moving average which sits at $3310. A double bottom should also act as support temporarily. Bollinger bands are tight up to the daily time frame. 55, 100 and 200 EMAS are also strong resistance on the 4 hour+ time frames. Although I am laddering shorts if price breaks above the 0.618 with volume I will get stopped out and i will be scalping long positions; the highest target for a long would be $3900, where I would expect strong resistance and adds to my idea that we may also be forming another descending triangle, or a symmetrical. I am trading a short, but ready and have a plan should Bitcoin break upwards with conviction. If Bitcoin decides to move sideways out of this wedge I will be looking for another trade setup and position. When a stock moves sideways you should be studying that chart and working out why it is moving sideways, accumulation or distribution. I am ready with the setup and have let my position come to me with a good risk to reward ratio trade.
BITMEX:BTCUSD.P
by PatekCharts1
1
$BTC - #Bitcoin-Daily-Update #19 - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update #19 What happened in the last 24h? In the last 24 we saw some nice movement in the same range that we have been moving the previous day. We saw some altcoins move but especially more volatility and movement with Bitcoin itself. For me it was a nice day with a correction from yesterdays FUD. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -0.27%, but gained 2.57% in $$$ down 6$ but up 90$ MarketCap? Total MarektCap is 121 Billion - +1 - Of which BTC is 64 Billion - 0 - With a Dominance of 52.3% - -0.4% - Volatility? The 30d avg Volatility is 4.57% - -0.03 - Shorts/Longs? Shorts - 21.7k (pretty low) Longs - 31.5k (high but solid) - S -1.0k/ L +0.6k - Funding? The last 3 funding rates added -> -0,0511% - +0.045 - Momentum? The TJ-Momentum is showing us a red cloud again, which is indicating us a drag and pull down. This might be important for the next days. Volume? With such a nice movement in the market today, we are having some nice volume attached to it as well. None of high significance but the candles are definitely backed by the volume. TJ-MF/TJ-Stoch levels? TJ-MoneyFlow - Today we are seeing a pretty small and ascending money flow, yet as such a small cloud, it is of minor importance to us currently. TJ-Stoch K(blue) - 27,5 D(orange) - 26.1 Divergences? We are seeing a slight divergence between the longs and shorts in comparison to the chart. AND we are seeing an uptrend on the TJ-Moneyflow which is an important divergence against the down trending market structure. Market Structure? We are still in a descending channel and might even find ourselves in a very huge and scuffed bullflag. It would be nice to see the breakout, especially when the shorts are so low at this moment. Overall? We are seeing in my opinion a possibly bullish market structure, yet due to the momentum and a possible bounce in shorts, we might be testing 3550 today or even 3434. This is still the case unless we get more bullish or true bullish confirmations. Obviously, we are seeing a stoch cross over but that is only one puzzle piece. A safe and secure long position can be considered. The previous 12% drop was very heavy and fast, leaving out a big gap and space to be covered first before considering going down more. We are as well seeing a huge decrease in shorts and a minor but further increase in longs. Creating a divergence to the chart, which should be higher according to the longs and shorts. What do we want? We want some bullish action and with as near as possible to a one billion volume day. Position? Keeping the position. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PLong
by KongTrading
6
BTC WXYXZ correction, or 200 weekly moving average supportHere is my long term count for Bitcoin. Comprising of 5 motive waves and an extended fifth followed by a WXYXZ correction. For the final WXYXZ target to play out Bitcoin will need to break the 200 weekly moving average, which is a massive support level. At the time of writing several stock market indexes are also bouncing from the same 200WMA, just so you know this is a massive support across all markets. The second retest of the 200 weekly moving average is a place i do expect another bounce. The 200 weekly MA at the time of writing sits at $3260. This is a price level shorts have to be taking profits, as in theory there should be a bounce on the second touch. If the 200WMA support, and the double bottom supports are broken then an amazing short opportunity arises as Bitcoin will likely face a long and extended bear market and the longer WXYXZ lower target should be hit. I will be planning my trades carefully and reacting to any changes in the market daily. Should Bitcoin bounce and hold support for a few more touches, bull volume starts to return and price makes higher highs, then the lower price targets are unlikely to be hit, but should support break I will be very aggressive with my short positions and add to them heavily. There really is life changing opportunities for both long and short trades in 2019 across the Cryptocurrency and stock markets.
BITMEX:BTCUSD.P
by PatekCharts1
3
BTC-DASH Dash -Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10 Date : Since 2014 ( 8 / 10 ) Volume 24 H : 22000 BTC ( 8/ 10 ) Available Markets* ( 9 / 10 ) Social Media Rate ( 7 / 10 ) Ranks **13 ( 8 / 10 ) Website ( 8 / 10 ) Type private, untraceable cryptocurrency - Dark Coin Overall ( 7 /10 ) Dash is worth watching closely, the RSI is oversold. Dash started 2017 with a price as low as $10.40 and went all the way up to $1,596.73. Great job!! Now, it is around $155 . You had a change to get a Dash masternote for around $10000 in 2017!!! Masternodes helped a lot to pump this coin. I am not buying it here but I will buy a hugeeeeee bag of Dash if I catch around 0.01 BTC level!My dream will come true. * Considering top 10 crypto exchanges ** Top 100 coins on coin market cap get 10 points
Long
by CryptoEngineering
BTC ROCKETS toward end of month b4 dumping into 2019 logic: nothing sensible. bitcoin futures (before was okcoin, now its bitmex ) actually control the price of spot market btc so if the manipulator [let's assume they are called MEGAWHHALE}, was going to dump BTC very low on spot market, MEGAWHHALE would of set massive shorts prior so to hit MEGAWHHALEs position(s), while at the same time, driving BTC low to accumulate and SET LONGS on the future market to PUMP spot market to hit long position. MEGAWHHALE controls spot markets that comprise BITMEX future index . soo, when all are fearful and selling, MEGAWHHALE is buying BTC/LTC/ETH and longing and preparing ASICS to mine 2019 the mass sit at a loss, only to see had they didnt sell theyd of maybe broke even or made profit, bringing them back into the market cause new money is dumb dead money, buying into another the top and holding a bag while MEGAWHHALE dumping & correlating with CORP interest/legislation "…because it's the last ride ever gonna That I'm ever gonna take at Astroworld world world world world world world..." Travis Scott - Watch ft. Lil Uzi Vert, Kanye West
BITFINEX:BTCUSDLong
by bu11b3ar
5
Long from start of Wave 5, and opening a short on 0.618 Fib.I have opened a long position on the horizontal support that Bitcoin is holding at $6577, which coincided very nicely with the top of Wave 1. Elliott Wave - Wave 4 cannot move into Wave one's region, so it was a very nice risk to reward ratio long for me with stops just below Wave one's top. I will be holding this long(keeping a close eye on it of course) up to a double top/ 0.618 Fibonacci retracement where i will be closing my long and entering into a very big short position with stop just above the descending triangle resistance.
BITMEX:BTCUSD.P
by PatekCharts1
BTC Bottome at $3000 ? - Inverse Head & Shoulders ? - Recovery ?Bitcoins 0.93% current down trend is forming a noticeable/possible Inverse H&S (Not Required To Be Horizontal Like Most Think). - First note the big signal of sell volume followed by movement up to the "Neckline" forming the "Left Shoulder" - Then a vast increase in Sell Volume again, and movement up to the neckline for confirmation, forming the "Head" - Ideally, movement will follow to the "Neckline" again for rejection, ultimately creating the increase in Sell Volume and forming the "Right Shoulder". - Then followed by an increase in Buy Volume to create a "Breakout" and Test current support, triggering a possible Bull Rally. - The "Target" is the same distance from the top of the head to the "Neckline". This is just one of many options. Please feel free to share your comments and feedback down below.
BITSTAMP:BTCUSDLong
by JustCrypto
VERY Bullish on bitcoinAs you can see on this chart the far more probable direction for the next months is very clear and I am joining the 90% of professional analysts calling for a major bull run. Bitcoin should break out of consolidation in the next few weeks and start an amazing run. It could even happen this very week. Here is where the -0.618 mentionned on the chart would be located with a non log chart: Tried it with a couple other charts: Nikkei example: Dow nearly a hundred years ago: Dot com bubble: Dax indice: Gold: EURUSD: CL: Brace yourselves...
BITSTAMP:BTCUSDLong
by MrRenev
25
Bitcoin approaching crucial $7500 resistanceBitcoin has had its first healthy move up in a very long time. As you can see in our other previous rallies of 2018, each rally has had several $1000 daily candles. Now we see a slow and steady climb up which more sustainable, continuously making higher lows and with each dip getting bought up quickly. The bulls are now approaching massive resistance, which I will go through below. 1. 0.618 fib level. On our last two rallies, this is the Fibonacci retracement Bitcoin has been rejected from. We are now approaching this level again, a key resistance to key an eye on. 2. Horizontal resistance. The region of $7500 on our last 2 rallies has had a lot of consolidation on both the move up and down, so we will see a horizontal resistance here. 3. 200 EMA. The 200EMA is sitting on $7550 at the moment on the daily, which is going to add to the resistance. 4. Triangle downwards resistance line This is a valid resistance that has been playing out for 9 months now. 5. Rising wedge. On the 4h you can clearly see BTC in a rising wedge, which is a bearish pattern. 6. 5th Elliott Wave. I have done an Elliott Wave count, and using the Fibonacci extension, the end of wave 5 has a valid target of $7500, before we get our correction. 7. Volume is not great. For a real reversal I would have liked to see more volume, but I believe this low volume is because of indecision. Are we in disbelief? If we break though this trend line, we will ideally see a massive spike in volume. If the bulls come together and break through the resistances, I believe we will have entered into a real reversal attempt here, if we cannot this was just another dead cat bounce. From a TA perspective I believe it will break down, but my heart is saying we are going to break through resistance, and at least short term we are going to see a nice move upwards. If we break down and hold $6,000 support again, from the triangle we should see a decision mid-September to start of November time. So to conclude, Bitcoin from a technical analysis perspective is looking very bearish and this is a great opportunity to go short. I will be laddering shorts from $7500 as from my trading plan I cannot yet this go, but I do have a strong feeling we will be breaking through this level. I would be very happy to see a 2019 bull market!
by PatekCharts1