Xbt
ETHXBT Expected to Re-Test 0.07Trend Analysis
The main view of this trade idea is on the 15-Min . The Crypto Cross ETHXBT held support around the 0.068 price level and is now 1.8% higher. Expectations are for ETHXBT to trend higher back towards the 0.07 price level, 1.1% away from current levels. A close below 0.068 support indicates a change in trend.
Technical Indicators
ETHXBT remains above its long term (165-SMA) moving average as support held around the 0.068 price level. The Awesome Oscillator (AO) produced a buy signal as there was higher price movements after the third green bar of the AO.
Also there was a price close above the high of the fractal, which is another positive sign. Indeed, there are buy signals in other timeframes in ETHXBT, supporting the bullish view on the crypto cross.
Recommendation
The recommendation will be to go long at market. Stop loss will be set around the 0.068 price level and a target of 0.07. This produces a risk-reward ratio of 2.09.
Conditions can change after the publishing of this note which will change the abovementioned bullish view. This will include a red bar in the AO, a close below the long term moving average as well as signals in other timeframes changing from buy to sell. Thus conditions should be monitored as the position is opened.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in ETHXBT.
Bitcoin Down as it approach H&S neckline!Hey guys, I am back with bitcoin update, and this time we manage to have nice pullback from 42618 level, now approaching 38000-ish with possible drop continuation towards 36000 or 35000 in upcoming days.
Targets obtained by Fibs and H&S pattern.
Stay tuned, best regards
Artem Shevelev
Buy-n-Hodl - Never Sell Bitcoin (1block/10min + 🌋 ∞/21M)Spot volumes and books suggesting strong accumulation.
Futures are also showing tremendous interest at these price rages.
Good odds we have bottomed out. As such looking like good place to buy spot before major break or retest of the 45k-50k.
I personally don't like these long term projections because I'm more a trend and price structure kind of guy. As of now things are looking great.
Bitcoin eventually will pass $1M mark. TA 👉 1 Block every 10 Minutes + 🌋 ∞/21M
Taking a long-term hodl buy here. If it goes another leg down that is a grace from gods and keep buying on next relevant support ranges.
Bitcoin can only go up. It's has been for 12 years and it is not going to change. UP ONLY.
I strongly recommend a weekly Dollar Cost Average into Bitcoin.
When price see a pullback that looks this good it is time step-up that accumulation.
$BTC 🆂🅴🅽🅳
What Is a Death Cross?What Is a Death Cross?
The death cross is a technical chart pattern indicating the potential for a major sell-off. The death cross appears on a chart when a stock’s short-term moving average crosses below its long-term moving average. Typically, the most common moving averages used in this pattern are the 50-day and 200-day moving averages.
What Does the Death Cross Tell You?
The death cross occurs when a short-term moving average (typically 50-day SMA) crosses over a major long-term moving average (typically 200-day SMA) to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market. (I use EMA )
Looking back over the most punishing bear markets of the past century, it seems the death cross holds up best once the market has already lost 20% of its value. In those instances, investors who fled stocks minimized their losses. But for smaller corrections of less than 20%, the temporary appearance of the death cross may be reflecting losses already booked, and thus indicates a buying opportunity.
On June 23, Bitcoin was trading between 28800-33300 (-55% to -45%)
This may sound old news today, But It was not on May 19 when I published the post, and predict this 35 days before it happened!:
One important question:
If bitcoin trades do not follow a purely algorithmic approach, how did I predict the Top at 63810.01 on the correct day??? and calculate the death cross, 35 days before it happened???
Reference:
www.investopedia.com
QM Pattern formation I checked for a few days and waited for the formation of LL to form the QM pattern. After the pullback and reaction, when the LH is found, a complete stop is formed and it causes a drop, which is inside the characteristic chart. $ 43580 seen expires this pattern
In the daily time I expect the hunt on the dynamic resistance, the resistance level is specified in the chart
There is no suitable position to buy, the right position is announced. Use oscillation with a suitable trigger for now
Bitcoin update 30.07 After BTC not breaking the resistance of 41k we see a correction, I expect to enter the market at 38.2 -50% fibo.
After that, if we break the blue resistance line we could see 42800-46800
Addresses holding between 100 and 10,000 BTC have just reached a combined AllTimeHigh 9.19 million coins. They have added another 170,000 BTC since 22 May and a staggering 130,000 BTC in the last 4 weeks alone.
Best regards EXCAVO
XBT/USD : Best spots to take SHORT ! BITMEX:XBTUSD
Hello everyone 😃
BTC just achieved a monthly close above 40K.
Now it seems that the pivotal timeline works out and it's going lower on the track.
There are two scenarios for bears !
- Dive below 30K after a retest on 42.5K .
- Dive below 30K after a retest on 44.6K .
So on both scenarios I'm bearish but can't mention the exact level for another leg down; So it's recommended to have you confirmation on both sides.
BTC activated the liquidity pool here above $41300 and it's just marking the lower LP to have advantage as a retest line for next major movement !
🔴 Have to mention that any engulf above $46K will invalidate our bearish scenario and we'll search for a spot to take LONG with a target around ATH.
How ever there will be one last major resistance sitting at 49K; But I won't risk my portfolio for it, Above 46K will highly suggest bulls to take advantage again.
You can have the SHORT options noted on chart below :
There are two SHORT setups as I mentioned !
🔰 Our main target is 27K on classic chart; So there can be a wick below 26K to hunt more longs and fill more bids !
On last chart, We have :
There are multiple bearish divergences located on volatility; So that's why I mentioned a higher entry SHORTs.
Cause there is a chance for bulls to push back the price and mark this downtrend as a correction for divergences.
Also RSI is just reached below 45; So it can be a good spot to retest over sell zone limit and have another rush to higher levels for more activity above liquidity pool caused by last month's high !
🔴 SHORTs need a confirmation to run; Any engulf above $46K will invalidate our bearish scenario and BTC will bounce to retest ATH or higher with 90% chance of success.
📌 I'll share another chart and setups if any engulf above $46K happens !
Hope you enjoyed our analysis about BTC's possible directions🙌
You can support us with your likes.
Also you can share your opinion with us in comments 😉🙋🏼♂️
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Bitcoin 3 Reasons to go Down -30%Since 21 July Bitcoin is up +40% and made nice profits for holders.
Now price approach important resistance (1) and might take some timeout after 10-in-a-row days of green candles.
The growth of 21 July was supported by Bullish Divergence (2)
Now this pump is 98% similar to the pump (3) at right chart side.
Both chart complete these criterias (reasons for down)
1 - Resistance
2 - Bullish divergence
3 - Pump
I will reconsider my bearish sentiment if price will breakout from resistance with solid movement and bullish price patterns thereafter.
Stay safe
Best regards
Artem Shevelev
$BTC, 2D UCTS Buy confirmed on yesterday close. $BTC
2D UCTS Buy confirmed on yesterday close.
Usually a really strong signal
Hash Ribbons is likely to print a Buy as well on the upcoming days
Still looking for a potential breakout above June 15th highs (Range High) as signal of continuation
overall looks good! 🙂
#BTC
Bitcoin (BTC) • Return of the Bulls? lets take a look...Nice momentum showing up on Bitcoin. We pierced right through 35 and 37k important levels. Price now need to sustain above the 35k to be in relatively bullish waters before next resistance range.
However, we are not yet back into high probably bull market trend since we have the 45-47k as a very significant range (50% between local top and local lows)) and we didn't see significant volume capitulations at lows. The only thing that was super bullish during past weeks was the consistent negative funding rates but they were not super negative either and we are now observing a quick slight flip in those rates.
Higher timeframes are still in flat waters with no clear direction since we are trading inside the price established weekly ranges
Be aware that most price action since the drop has characteristics of a trading range and it's likely we see some shakeouts so that alts get pushed down vs bitcoin dominance even further. I cover some of that in the video.
As usual the video went long because I also cover futures data points, some new and some old, but on balance all useful information to learn from and keen an eye on.
LET ME KNOW if I should do smaller videos but more often and different points (not cover all) here and there instead of one massive weekly video.
My regards to all Moon Kings out there 👑🌖
Flag Pattern Setup on Bitcoin with a 36K TargetTrend Analysis
The main view of this trade idea is on the 15-minute chart. Bitcoin (btc) appears to be in a flag pattern setup in the respective timeframe, as the cryptocurrency recently broke above 34K. Based on this setup, btc is expected to continue to rally towards 36K, 5.2% higher from current price levels at the time of publishing. A close below the flag’s support will signal a failure of the pattern setup.
Technical Indicators
Btc is currently above its short (25-SMA) and medium (75-SMA) and fractal moving averages during this weekend trade. The RSI is approaching overbought territory, however, assets such as these can remain overbought during several trading sessions. The KST recently had a positive crossover, aiding to the bullish nature of the chart pattern and overall price movements.
Recommendation
The recommendation will be to go long at market. BTC is expected to rally towards 36K, 5.2% higher from current levels. With a stop loss around 33.5K, which is solidly below the lower trend line of the flag pattern setup, the trade will have a risk-reward ratio of 2.42.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in btc.
NOT SO FAST BULLS! - 07.22 Bitcoin UpdateHey guys, 1 PERCENT here.
Please do hit the like and follow button if you found my posts useful :) Thanks in advance.
Now let's take a look at the Bitcoin chart which could help us look at the general direction of the crypto market.
Bitcoin beautifully followed my previous prediction and saw a bounce. The sentiment in ct and other communities definitely starts to look bullish.
As mentioned in the title, we're not out of the woods just yet!
We see that Bitcoin is currently retesting $32280 which is an important level for both bulls and bears.
We're currently seeing multiple rejections from it and we are at the intersection of the yellow trend line and the famous $32280.
If we get to hop over this level and pull out a bullish retest, there is a high chance that we rise to the Jan. Mid range which is a very important level in the midterm price action.
I drew the possible scenarios that I'll be willing to trade upon a reclai and retest of important support and resistance levels. Until then, having no position is the best position.
Hope this post will be some sort of help for you guys.
Stay safe out there and always keep your stop losses if you're trading.
Keep your dreams real.
1PERCENT
Bitcoin📈After a long consolidation, the first coin hit a new local low, leading to massive liquidations and unrealized losses on the market.📈
Many are already expecting March 2020; many flip to USD, but not 🐳
As you can see from the first Glassnode chart, capital does not surrender but builds up muscles.
The number of coins in whale wallets approached 75% of the circulating bitcoin on the market. Downtrend does not scare them but only opens an opportunity to buy more coins.
We also see a massive outflow of coins from exchanges, already exceeding 2k BTC per day, which says only one thing:
Bullrun on the cryptocurrency market is only a matter of time.
Best regards EXCAVO
Bitcoin Breakout from Triangle -25% opportunity! — BTC DOWNHey! Bitcoin price surging down below $30000. I am looking for confirmation on lower timeframes, but from here it is looking solid bearish. Daily closing price will make possible to confirm further downtrend.
Stay positive and patient, cause real beer market not even opened yet.
Daily timeframe update:
Wyckoff prediction
Trading patterns
Elliott waves patterns
Best regards
Artem Shevelev
If you can not differentiate the Bull market from correction...If you can not differentiate the Bull market from correction, you will pay for it in the coming months.
let's review a few posts to have a much better idea of what I am talking about.
XBT
April 26th, 2021:
One Swallow Does Not Make a Summer (or Spring)
NASDAQ:TSLA
June 24, 2021
Honeymoon is finished..!!!
NYSE:NIO
July 1st, 2021
Check and Mate..!
NYSE:AMC
June 9th,
Apes blood bath
I received many unfair, Rude, and etc. comments, but none of those cowards have the courage to admit they were wrong..!
However, I wrote one answer to most of them: "Kneel".
I am happy they pay for it, they deserve it..!
The good news is the worst has yet to come..!
What goes around comes around...