Xbtusdlong
BTCUSD (XBTUSD) Bullish Or Bearish ??XBTUSD (3D & Weekly)
3 Day Chart..!!
In 3D TF Chart Bull Flag Is Completed..
But Btc Is Over Bought & Facing Resistance..
Bulls Need Heavy Accumulation To Breakout..
Next Resistance At 5900$ (old support became resistance)
Weekly Chart..!!
Weekly Chart is Also Bullish But Bulls Are Facing Resistance.
This Was Our Strong Support Area But Now It's Strong Resistance
BTC Dominance Is Also Increasing (Thats Good For BTC)
My Target Till Mid June Is 66% BTC D
Hit Like Idea For Support
Thanks
Bitcoin Bulls are still here, topping out at 6k region?So my previous analysis worked out perfectly. So whats next? Well, Bitcoin is trying to hold that 5700 level and RSI on 1hr is preparing for another maybe last leg up.
The Tether FUD is not over yet. We saw delisting at IQFINEX for USDT, but nothing happend. Then again shorts are pilling up on Bitfinex. But think again, Finex will never allow them to make money in my opinion. I think they will Stophunt those shorts or even try to liquidate them. We can go up to 6400 on Finex, whilst on other exchanges we might go up to 6200. We see the same hidden bullish divergence wich brought us up from 5200 to 5800. That same hidden bullish divergence is in play now. Could we see one last pump before a good correction? i think that is very likely. Also around 6k and 6100 is algo sell targets for bots.
Yes we can have a retracement before a legup that is deff possibly, but i remain bullish. Lets see how this long develops further.
I am still in my long position and would take profits at the red box i drawed.
Safe trading!
Stef. Altcoinbase.
Tether FUD, Retail traders selling, but smart money accumulate?So Bitcoin has fallen a couple hundred dollars. Was it inevatable? In my opinion, yes it was, we had to go south, we had to retrace a bit, before further upwards movement. BUT we see alot is going on recently. We see A bearflag printed, Most TV analist are Bearish AF, and guess what i can;t blame them, the teether fud, the bearflag, the hidden bearish divergence, it all makes sence. But think big, think like a Market maker or Big whale, where is money to be made? Shorts pilling up, we are heading to yearly high from januari. If I was MM i would go long while the majority is going short. This is contrary thinking. Bearflag being printed. All of TV analist hyping the herd to go short and to sell your bitcoin. And that is exactly what whales want you to do. We have been seeing large amount of buying activities on Binance for BTC (157 BTC buy orders) we have seen Big buy orders by whales the past days, and price remains stable. Is there something going on? CME Features opening 1 May. That will most likely give an indactor where this market is going. Let it sink in for now, and watch the market closely.
BITCOIN XBTUSD LongBuyLongSell Indicator AnalysisIn one hour chart the LongBuyLongSell indicator shows the bullish signal.
Createria of this selection.
1. Volume is more than the last three candle average.
2. LongBuyLongSellIndicator Candle become Black to Blue
3. The Strengthmeter like 1 2 3 P+ D+ UpRaiseLikely is forming below the candle ,This is good indication for long.
Matching the last resistance line the immediate target is 5280 in hour time frame chart.
XBTUSD BITMEX:XBTUSD
Harmonic bearish crap pattern
Long 5340 sl 5280 if breaking below 5280 I will try to pick again at 5215 sl 5190 If close below 5150 we will see hard dump
If daily close below 5360
I’m thinking it will possible bearish engulfing candlestick pattern where we see potential tomorrow at 5300/5200
Today date 25 April 2019
Bitcoin (BTCUSD) This is a good price to be selling at.Bitcoin has just barted up and liquidated 25x shorters. (Refer to XBTUSD)
I believe that Bitcoin cannot hold up here for long, so you can short this area.
If you want to be safe, you can wait for this pattern to develop more. I could see another small move past a previous high after positions start building on Bitmex, so make sure you are prepared. In the short term, there are people placing limit buys above previous resistance, so it will likely consolidate up here and could even move higher.
Thanks for viewing.
Can we reach 4800 before going to sub 2k, The FINAL BOTTOM?So coming directly to the point here, we're having a normalised BULLISH channel after that violent dumping from 6k levels. 6 monthly candles closing in RED, have you ever seen your Corn in such a bad phase? But if you've survived until now, trust me you're really very close to have something which you'll be proud of a year later.
Okay, enough talking now lets come back to the graph and TA. This bullish channel can easily lead us to 4.8-5k regions. WHY? I see 2 reasons for that.
1 - If bears start dumping from this level i.e. 3.4k, they'll paying from their own pockets and once the whole market will be in blood bath & we've already reached the sub 2k levels then there'll not be enough buyers and literally zero retail traders who'll be willing to open any long positions at that level. Bears won't take that risk on their pockets.
2 - BULL TRAP & RELOAD by BEARS. This is quite a simple strategy followed by any big traders or market makers. They need to take profits on their non-leveraged trades and reload on there over all short positions at higher levels. It'll be sweeter for them when everyone thinks that thank god, now we're above 4.5k and I can sit on my long for days & similar moon talks. And that's when they will get hit by REALITY.
So yeah, stick to fundamentals watch it closely and learn.
If you find this helpful enough, do visit us at tychelab.com .
*This analysis should not be considered as a financial advice but yeah you can use it to educate yourself & help your own trading ideas.
Regards.
XbtUSDBITMEX:XBTUSD
XBT (Bitmex - Bitcoin) situation for the weekend
1h/4h Timescale-Charts
Working on our bullish Cypher pattern from the bounce of Friday (point D) and looking for a possible daily close below 5K at the up-sloping support of the new ascending triangle (and if we break below the point D, lowest tap at 4923 that would invalidate the harmonic pattern.
Otherwise, we can retrace the bullish Cypher pattern to 5198-5248-5263-5356 (We will look at the previous up-sloping support of the first ascending triangle acting now as resistance and an old pennants up-sloping support acting as resistance) otherwise we could see possible zones at 4774-4557-4341
Weekly Timescale-Chart:
Stochastic overbought (85 area) at the weekly timescale.
RSI (55-57 levels) at the resistance zone on the weekly
We will wait to see the weekly closing by Monday. It will be Interesting
BITCOIN to Reach 5400 in 2days time -LBLS analysisIn the chart the last candle is a fake short candle due to the reason is that volume of previous three bars are higher high and this candle volument has no strength.
2. The price fall not more than average of last 5 candles.
3. price not close lesser than last 5 candle.
4 . Mainly as per the LBLS indicator shown in the chart , the strength is green ,bull is in uptrend .
5. No strengthmeter in the current bar shows weakness to short it .
All this points making conviction that price will be going up and it will touch 5400 in the next two days.