Bitcoin (BTC) Will test support again and likely move upwards.Wait for a perfect entry then long. Have a stop on this trade. Sorry I do not have time to write this one up, but it looks to be a good risk/reward trade. I take all good risk/reward trades that are supported by a Bitfinex buy wall.
The bounce will continue lower, but not below 6500.
Long:
Lowest price above 6494
Stop Loss:
6494
Thanks for viewing!
I have just finished a BTC short. You may view it in the related ideas.
Xbtusdlong
1 hour Timeframe XBTUSD signals from BottomFinder for comparisonA few days back we published an idea showing XBTUSD trades on the 15m timeframe. We had requests for a higher timeframe example to contrast the differences on higher vs lower timeframes.
For those who are not sitting at a chart all day and prefer less frequent trades, the answer is simple. Just set Bottom Top Finder to the 1 hour timeframe for slightly longer term positions.
With only one false signal halfway through the major dump, 15/16 win rate isn't bad! As with any signal or trade, you must also have a sound risk management strategy.
Next week Bottom Top Finder 2.7 will be released with new features and more user customization!
Like, follow and direct message for a trial!
Possible short term Long position in BitcoinAs third retest in underway, there is a possible scenario of Long position in Bitcoin until levels of 6900-7100 if it breaks the current resistance as seen in chart. The levels of 6600 - 6700 have proven to be very strong support.Very short term trade but a good yielding one if it materializes.
BTCUSD - buy it, long it, HODL it. Hey,
Here's an outlook for you. Us "breaking down" at $7400 was not a thing at all. that was nothing more than our resistance to actually break into a higher and more violent bull trend.
More than ever, BTC needs decisions that benefit the cryptocurrency as a whole, as an industry, as a way of the future. FOMO, FUD, will do NOTHING for you other than deteriorate your balance and put you in bad spots.
Here are 2 indicators for you - one before we began our epic bull run and one at the 'end of the bull run'.
The upside is huge and outweighs the downside. Please please, stop thinking about $100 moves and "BTC is dead" or MOOOONs. The reality here is that BTC is a going to be a wealth holder, much like gold, except BTC is incredibly more private, more liquid and is based on an industry that is CHANGING our world. Don't get lost in the stream of FUD and headlines about people calling doomsday.
I want you to be around in a year with a portfolio that's in the green and not getting liquidated making decisions out of fear.
Cheers,
Alqasim
the bullish one... $btci haven't seen anything bullish worth of note till recently when i joked that this could just be a deep #2 in a push up. once i said it i started to look closer thinking what if that is the case and spotted the old para curve reversal that i used to gauge the last jump to 7400.
ignoring the sec hype to 8500, would we of just followed this curve naturally? i guess we will never know but with charts you have to rule out 'noise' and see the picture for what it is.
reasons to be bullish:
1) top indicator on chart - the macd is winding in, its printed a green bar and is heading back to the brown line which is the mean, cross above and its bullish but most importantly it is bullish divergence, if u like starting mid june.
2) main chart - bounced the bottom of the bband, heading upwards slowly with a mid test around 6750 before we cool off a bit. mainly following the para curve upwards.
3) bottom indicator on chart - the rsi is flicking upwards, the red is reducing to the mean and the lines mainly the red one are curling upwards with also bullish divergence showing since early august.
i guess the main test is what happens after we touch 6700 area, the bounce zone would the ma7 at 6300 and bottom bband but im keeping this way open until then as it is still bear season but feels like that its slowly winding down.
food for thought ;)
Viacoin MAN produces a bearish outcomeBuilding off of previously published Viacoin MAN ideas, Viacoin MAN got MEGA high and attempted some more extrapolations
Viacoin MAN realized that there was additional strength in this 'Broadening V' Idea.
Taking the most broad V, also more recent in the 'Broadening V' formation, he extended the line and it ran very well on the weekly and daily charts. He concluded that this gave reason to segment this line and its symmetrical pair to the pink color and extend it to see how it interacts with rest of the chart. He found that has potential to fit in the current expectations of price action. This works well with the supports that were made, we also are looking at Sept 19th for the close of Cboe XBT Sept futures. This date works well with the 'Broadening V' and closes the triangle for a short term bearish situation, by looking at this it gives a close look at $5000-$4800 buying opportunities. It may be good to enter low leverage until the dust is clear to avoid liquidation before the start of a new bull market and opportunity for a legitimate trend reversal.
Also a good note is that Viacoin MAN sees the pink trend line as a very strong illustration of the path of bitcoins price. Once BTC escaped it went completely parabolic in Q4 2017. Watch closely. Bitcoins winding down volatility from the "Broadening V" is going to add fuel to the fire to break the 8k range and start making local higher highs then a new ATH
Viacoin MAN loves to be a bulltard but he would like to help others more.
Don't get liquidated.
C'mon Bitcoin.... You can do it! We are still in the rising wedge to reach our target of 7522 USD, but there is a lot of work to do for BTC to reach this.
I personally still believe in this target, but it will be hard.
When we fall through the support of the channel our first support is on 7275 USD and the second support is on 7082 USD.
So for now i will be long until our target of 7522 USD is reached. After that there is a big change we will retrace to 7082 USD.
Dont forget to like my ideas and follow my channel when you enjoy what i am doing here!
Note: I am not your financial adviser... Just want you to ride along and have fun... NEVER use money that you need for other stuff ;)
Possible target for XBTUSD BTCUSD 8160 USD LAST CHART DIDNT LOADLAST CHART DIDNT LOAD
XBT is making higher lows the past couple of weeks which seems to form a ascending triangle .
We have a big support in volume at 6730 and 6470.
If you want to ride this trade check the instructions below:
- Buy zone: 6805 ->7140
- Target 1: 7285
- Target 2: 8160
- Stop-loss: 6660
Note: I am not your financial adviser... Just want you to ride along on the trades i make... NEVER use money that you need for other stuff ;)
Possible target for XBTUSD (BTCUSD) 8170 USD (3 -7 day trade)XBT (BTC) is making higher lows the past couple of weeks which seems to form a ascending triangle.
We have a big support in volume at 6720 and 6380.
If you want to ride this trade check the instructions below:
- Buy zone: 6820 ->7180
- Target 1: 7370
- Target 2: 8160
- Stop-loss: 6700
Note: I am not your financial adviser... Just want you to ride along on the trades i make... NEVER use money that you need for other stuff ;)
A long Bitmex signal succeded !Hi guys !
So it's been a hectic summer and we've been busy working on our personal lives and growing the community.
We are now back with additional TradingView charts and post-signal analysis.
This call was given on Monday 26th August at 10.00AM UTC.
LONG position with 10x leverage. All 5 targets were reached for a nice 40% profit !
Target 1. 6880
Target 2. 6930
Target 3. 6980
Target 4. 7070
Target 5. 7130
Enjoy your trades and be safe !
BTC is either heading to 8,400 or back to 6,000!Hi everyone,
as we can see, BTC is having very nice days! Shorts are slowly vanishing. What we can expect in the upcoming days:
1) We are now in the zone where you can possibly short BTC with a tight SL. The next target for shorts would be around 6K.
2) If BTC breaks this resistance line it will fly to 8,000 and you do not want to miss this chance to get some profit from this "bull run". The problem is the psychological resistance lines where people are scared of them as they all think it will fall. And of course, it will fall them,
3) If we get the information that ETF was denied again I personally think we can fall to 6K and lower!
Bear the information with you guys. Do not make any stupid mistakes in this volatile market as it can cost you a lot!
Thank you for watching us.
If you like it, comment it below, please!
Your exclusive signals team!
Bitcoin (BTC) Called last three moves perfectly. Next predictionBitcoin has now rallied above 6800 in one big move, which is as I predicted in my previous analysis. You may find my past calls in the related ideas section.
Looking at many popular tradingview authors, some are bears while most others are bulls, believing we will rally to 7400. That is a definite possibility, but there is a greater possibility we are approaching the top of the rally and will now begin a descent.
There is one reason Bitcoin is this high. The Bitfinex whales. We do not know who they are, but we do know last night a wall at 6700 absorbed over 1400 BTC being sold into it with no issues, and the current walls so far have proven to be real and not spoof. They are still at 6700 if you wish to view them yourself.
However, Bitcoin is approaching a strong resistance and it is very unlikely we go through. We are in a bearish rising wedge just before the expected ETF denial on the 30th, which will likely cause a large drop.
Therefore, you may short.
Short:
6880-7400. Manage your capital well so if we get a big pump you do not get liquidated. My first short position is from 6950 and I will add if we go higher. Liquidation price should be above 7800 if you have no stop loss.
Stop Loss:
Manual. Decide for yourself how much you want to risk and limit your losses if we get another move up.
Bitmex funding is positive again. When it was negative we went from 5900 to 6900.
Thanks for viewing! If you have any questions, message me or ask in the comments. I will respond.
The Stage has been set at $6k for Bitcoin to run. - Shorts are at an All-Time High.
- 2017's PUMPS from (3/25, 7/17, 9/15, 11/11) to 20k. Using those trends but in 2018 at The $6k Stage points to $20-33k by EOY.
- BAKKT launches in November.
- A lot of volume around $6k.
- Hasn't gone below the $6k area even though it's touched it several times.
- O.T.C. Supply Low / Demand High below 6k?
- It can swing between these two:
Head and Shoulders from June 15th to where I think it will close around Sept. 15.
Inverse Head and Shoulders from March to where I also think it will close around Sept. 15.
- If it drops below 6k and bears run next area of support is around $4.2k.
You assume all risk.
A closer screen shot: