Bitcoin's bear reversal playAs many have commented the drop from $6K is playing out in reverse. These are the areas of support & resistance I'm watching
Xbtusdlong
Well that was an awesome DUMP! Now we pop RIGHT BACK UP! 12% ROIWe went down pretty dang fast right as we were touching the neckline. All other signs pointed to continuation, but you bears did it right. Somehow. Now that you successfully pushed the price hundreds of dollars lower to fill, I am going to take some of that same long liquidity and head back up with you big boys, K? K. Hundred dollar swings are widely accepted, please keep them coming. We love them. Well, most of us...
Have fun, trade safe- and this is NOT FINANCIAL ADVICE! Just an idea. That I am personally going to play. Follow if you want. Maybe scope some of the latest price predictions.... if you see anything you like, please do "like". If you had made any of the recent trades with me, I will certainly be with you in this one! Cheers!
IP MAN - WING CHUN.
$XBT/USD long - 1D breaker reclaimLooking to long the 1D breaker at $3.8k (confluence with cloud edge) with a stop below the previous range high at $3.7k. Take profit levels at previous swing highs.
XBTUSD first LONG then SHORT position potentialI late because of i was on the phone but we got short i hope
Recording History, Identifying Bitcoin's BottomWe did it boys, bitcoin hit the bottom. Layer in those longs.
Fib Retracement & Fib Channels for XBTUSD. Next Stop Low 3500sNext Stop low 3500s to test the 618 Fibo. Looks like you can place short sells into the resistance line to play the 40-80$ Swings that we will be seeing. BTC is looking to get back into pennant but there is much resistance here. The overall outlook on BTC is bearish with a good chance test to the top of the pennant near 3750-3900 range if bitcoin penetrates the pennant and holds. I do not suspect we go much higher than this. The time frame the much larger price drop is to be expected in the first two weeks of February.
What if this is BTC breakout?... (Still Long)...what if?
The pink line is ATH/Nov-sub-6k-drop resistance. In other words, our greatest known resistance tested since ATH.
This is our 2nd time attacking it, in the past 2 weeks. Looking more breakout-ish imo this time around, but only time will tell. (and then I sell! :D)
Indicators look good.
Currently breaking upward out of a downward channel, that is hugging the pink line, on the hourly.
Heh, while it got nerve-racking for a second there today/yesterday, my $3595 20x long is still open.
Smaller time frame: we need to bust 3640 with conviction and volume, for me to start getting more optimistic. possible that we are just retesting the 3624-3635ish range from past day or two, and will be rejected, still.
Mid time frame: 3850-4300
Longer time frame: 5k-6k pullback finally inc?
- parabullic
Am i the only one who see's this pattern!?! XBTUSDHow's it going everyone!
Make sure to like and follow.
XBTUSD looking as if it is repeating pattern as illustrated in chart above.
I am expecting a break out from current price level as the RSI on
the 4HR is starting to curve up. We have bounced at 3550's support
twice. I will be waiting for XBTUSD to move past 3643 and will
enter following retracement, looking to take profit around 3700-3720
possibly higher.
Make sure to check out my discord community, the link is on my profile page!
Thanks, LiquidMEX
DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
IMPORTANT UPDATE ON XBT BTChello guys
after hanging almost one weak btc just break down of crucial support of 3550$ now the next stop for opening the long position is 3450$ but that's not a strong support foe opening long position, the next strong support for my is 3150$-3200$ this is a strong support and will give enough confident for opening the long position,before that support opening a long position is like a gambling
#DYOR
thanks and best of luck
ETH: a small re-bounce around 125, but the trend is still downThe price is forming a short term bottom, which should be foreseen as the price reached fib 0.5 retracement level at 125. but in the big picture , the down trend is very manifestly clear.
I would add more short position once the price reached 130-135 zoom.
note: the price tick is from Bitmex.
BitcoinShowing Ascending Triangle Pattern.
In this conditions could be bullish with target near 4100-4200.
SL marked with red line and dashed arrow.
BTC Inverse H&S projected target rangeOk so I am sure you have all seen the inverse H&S shoulders pattern floating around on TV. To start, Wave 1 (recent pump) ran all the way up to the .618 fib, really strong move, usually price only goes up to the 0.382 on the first wave. This leads me to believe this possible H&S pattern in fact will be playing out! Now using projecting sticks (green & yellow) you get the vertical length between the neck line and the peak of the head, this is your projection. Here you can see we have taken our projection sticks and placed them on the neck line. Take a look, these projection sticks bring us right up to the next zone of resistance after the resistance from the neck line, take another look, projection sticks bring us right up to the 2.618 fib extension! FirstClass Crypto has been LONG since 3600 but if you haven't managed to enter into a long for this bullish ride enter into laddered entries at the two red lines (0.382 & 0.5) from wave 1. Enjoy!
To start your FREE 1 WEEK TRIAL with FirstClass Crypto contact -
Telegram - @FirstclassEra
Discord - @FirstClassEra
The head and shoulders could play out for Bitcoin.People might not believe in the head and shoulders pattern, thinking it would be a "trick" for you to buy and get rekt.
However, looking at USDT balances of Binance and other exchanges such as Houbi, I can see they are refilling again.
Therefore, there is a good chance there will be a pump for BTC in the next few days. If this falls through, you probably aren't going to lose as much as the potential reward.
Previous fills up to this level caused a 3% BTC pump. So could be just a small pump before another move down.
Thanks for viewing!
the people have spokenWe must go up first, i am aiming for 44 and maybe 51- everything is in the chart for you.
Daily Bullish Signal $XBT #XBT XBT/USD (19 Dec)BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
Bitcoin Swing Trade - Long 12/16Median line theory here has convinced me to go long. The rules I'm applying are these:
"If price doesn't reach the median line it is likely to go in the opposite direction"
"If price breaks the reaction line, it is likely to continue in that direction"
Not only did price break the reaction line it bounced off of it.
That bounce was also a clean 2nd entry.
By no means is this "calling the bottom" just a bullish move.
I'll update as I go and use fib extensions to trail my position.
Entry 3239 @ 250 contracts
We´ve ended the fourth wave.We are ending now 5 waves down and I´m waiting for big bounce between 2800 and 3000 USD (BitMEX price). Put your long orders between 2800 and 3000USD. One of the most important support, Elliott Waves, Harmonic pattern CRAB, psychological zone and lower sell volume gives us BIG PROPABILITY for big bounce UP.
