Xbtusdlong
Close above high volume $6800 level suggests we see $7800-$8200Bitcoin analysis based on @CarpeNoctom @bravenewcoin article. C-clamp of 15% with bull div looking very similar to April's 16% C-clamp with bull div. Close above high volume $6800 level suggests we see $7800-$8200 based on confluence of Kijun + 89, 144 and 233 EMA.
The bitcoin DUMP is in yet another squeezeBTC is consolidating after it's $2.5K drop couple of hours. IMO finally finding support @ the 'ol $7200 level... for now... I Expecting temp. retrace back north to $7500ish regional, only to soon return and retest new Support of mayB $6800, (ballpark)
Gud Luck to US ALL :))
I have set My 'Stop Market' BUY Orders @ $7255
Cheers
XBTUSD: Using Divergence for Position Opens and Profit (12HR)Often, divergence is usually referenced more in MACD analysis, but it can also be used with the relative strength index ( RSI ) indicator. Usually, the RSI mirrors the shape of the item being traded on its chart. However, as you can see above, when it differs, it can lead to divergence, and profit. Above, you can see in the blue lines, the price shot up after the divergence, and the pink lines show the price dropping after the divergence. From what I have analyzed, and with the quick swings of price, the 12hr is very accurate in this, but the 8hr, all the way to the 1hr, is fairly accurate as well. The tricky part is to pick when to place the trade for max profits, but usually after 1 bar completion in the right direction is a safe bet.
BTCUSD : Bitcoin / US Dollar Index XBT on a critical level Bitcoin / US Dollar Index XBT H4 chart
The price is on a very critical level. I did draw everything on the chart
Blue lines: Weekly resistance
The thick red line below: An important and strong support
The thick red line above: A large falling trend line ( this must pass in order for the ascension to continue strongly )
There are two possibilities;
1- He will rise up and return from resistance (more likely)
2- It will pass the resistance and continue to rise
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
Below you can see the symmetrical triangle formation in the weekly chart
Bitcoin. A new impetus or the General correction?
Hello friends. In the previous idea, we considered long bitcoin. We entered by an aggressive and conservative strategy and the level was reached, we received 10-11% profit. Of course I was expecting more trending movement above. At the moment, the upstream channel was broken, the cloud was tested and also broken. Since now the situation is not very clear, I suggest at the moment range trading. Allocated for you 2 triggers at the moment. Breaking one of them will exclude other variants of the event. Short or trade within this range I do not recommend. Once confirmed, I will publish an update of the idea with triggers on long or short. Like, subscribe and wait for updates
The Symmetrical candy mountain of LoveThis is one of my riskiest calls yet, but I have reason to believe we are going to see $20k, and SOON.
9 times out of 10, what does the market do when you least expect it to?
THE EXACT OPPOSITE. Everyone and their mom is thinking BTC is about to crash and burn because of the $10k resistance. What if I told you that $10k resistance is absurdly easy to break, and it's the $20k resistance that we are going to struggle to get ahead of next? Whales are inside your head making you doubt your gut feeling. My gut feeling is that when we finally get back up to $11.7k again, we aren't going to stop there. What does yours say?
Feel free to leave a comment!
If you pay close attention to what the Hourly, Bi-hourly, 4HR, 6HR, and the 12H are painting in the RSI, you will see icredibly strong Hidden Bullish Divergence, as shown here:
1HR
2HR
4HR
6HR
12HR
Notice the higher lows in price, while the RSI makes lower lows?
This is basically indicating that the bulls are barely even trying,
and are waiting for something. The bears are trying their furry little
hearts out and getting almost nowhere.
I strongly believe,
BTC has one last trick up it's sleeve.
THEN we go bear.
To see how horribly inaccurate I am, I present evidence A, B, and C.
I'm not right all the time. But what if I am right this time?
This is a HUGE move, and I'm far from the only one calling it.
I just decided to re-design the chart without Elliott Waves,
and with evidence that this move could happen.
Speaking of evidence, make sure to hit the play button
on the above ideas. I'm an amatuer, but I'm getting better.
ANYTHING below $10k is a range and is not suited to be traded.
A BREAKOUT with MOMENTUM above $10k is a buy.
$19,308 is for now the final target.
We break that resistance somehow, and it's $21k.
My name is MC_Peewee,
but you can call me teh Salesman.
PM me for my twitch link. I will be going live on Monday, or if this idea plays out sooner than expected.
Join my free telegram! I post BTC/Alt signals daily. PM me for either link.
BTCUSD. Long Triggers are here
All of the new day. The main upstream channel has been tested and confirmed. The uptrend has a force of 32 degrees. The standard slope of the trend. The uptrend channel breakout will hit the trend hard, so I don't think the bears will be allowed to do so. Those who came on an aggressive strategy already have a 5% profit and risk-free position. Defined for you 3 my standard triggers. I myself am 50% positions in aggressive trigger, gets another 50% at break of 2 conservative trigger. The trend is bullish and the shorts are also well established. Put likes and subscribe it's not difficult, so you will motivate me every day. Good luck to everyone
BTC at Crossroads, with a Bullish Twist. BTC remains at cross roads, hinging on the outcome of the weekly close/open. Bullish sentiment has been fuelled by the recent break of the bearish trendline, here's a few scenarios to consider:
- A break and close below 8500 (and the bearish trendline) especially on the weekly will yield confidence to shorts. This will need to occur rather aggressively, otherwise, buyers will remain confident. Should this scenario play out, we will remain in a state of purgatory, will have to await further confirmation from breaks to hold below support at 7900 to lean bearish.
Now onto some more probabilistic scenarios;
- A daily close at or above resistance of 8700, will maintain buyer confidence. Buyers will likely come in to form support at this level helping fuel the move up to resistance at around 9300-9500, likely to yield some pull-back thereafter.
- If we encounter some short term sellers, but close at or above 8500 on the weekly, buyers still maintain confidence. Buyers will come in to form support at or around 8400 to 8500. I will be looking to see if our support holds, if the short term sellers prevail, I will look to encounter a strong support from buyers at around 7900.
High risk trade zone since we are at crossroads, and will likely remain as such until we see more price action. We can look to see where we end up with the close of April, likely setting the tone for the longer term trend.
BTC Long Term Bull Trend Has StartedBTC gave a green 2 on the weekly chart according to Tom Demark count. This is a long term bull trend signal and means we can have up to 7 weeks of uptrend. Stoch RSI is oversold on the weekly chart which also confirms the possible uptrend. On the daily chart we are currently on green 3. This means we can have up to 6 more days of uptrend. We are above MA50 and MA20 which are also bullish signs.
Stoch RSI is overbought on the daily level because of that we can have a correction this week. Correction can be up to 8309 (fibonacci 0.618) On long term (weekly) I expect the price to increase till 10K. We have 2 major resistance levels: 9553 and 10000. I think there will be a retracement when we reach 9553. After the retracement we will test 10k. 10k is a major resistance level and I will re-evaluate once we get there.
Here is my trading idea:
Long at: 8900
Take profit1: 9500
Take profit2: 9950
Stop loss: 8250