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Xbtusdlong

XBTUSD - Hanging around at resistanceGood morning traders, Giving an update to my previous idea. LInk to previous idea below. Please like my content if it is of use to you. It motivates me to generate new content. - Clean breakthrough of the 8,889 resistance with a retest - Now were at another resistance at 9180 levels - BTC has twice tested this resistance - ETH has been leading BTC so expecting BTC to pick up its pace and break this resistance - Risk takers can long at current levels to squeeze in an additional unleveraged upside of about 1.5% - Conservative traders can go long after break and retest of 9180 levels - We are still in the Kumo and have not clearly broken it indicating some sellers are still active - Nascent signs of an uptrend in BTC fromed by the green Kumo IF BTC fails to clear the 9187 levels ,we are potentially looking at a double top which would come in to play and we could short on Daily close. Stay safe and alert and wish you good luck with your trade. Please don't oversize your positions.
BITMEX:BTCUSD.PLong
by TameBTC
Bitcoin | Bull Flag Pushing to 9500Hello, support the idea with your likes and love to see your inputs in comments, maybe your view is different on price action — let me know. So in last update i was able to spot cup and handle pattern which bring the price up to 9000-9200 zone. But what about now? Now price extended to 9200 and I see developing Bull Flag pattern. Target for this pattern Measured by Height of Flag Pole and placing relatively the resistance of the flag. This gives us a target near 9650. To be safe split target zone to 3 targets at 9270 — 9393 — 9500. SL below 8800 for safety. reduce leverage if you not sure about whole market.
BITMEX:BTCUSD.PLong
by ArShevelev
16
ridethepig | BTC After Fed Capitulation..As confidence in CBs monetary system begins to collapse we are going to see strong demand for BTC and other major cryptos. Here tracking a breakup back to the highs after the recent Fed flop. Powell capitulating and surprising markets with a rate cut which helped risk assets although the caveat was panic. Markets are rightfully questioning what role monetary policy can play in this supply and demand shock, the FED mandate is and will always be the stock market as long as the Trump administration remains in the Whitehouse. Highly recommend those following from the previous BTC diagrams to dig deeper into the fundamental drivers in play as we will not be covering those here today: On the technical side, we are tracking a retrace leg inside an impulsive 5 wave sequence towards the $9,975 highs which is the minimum flow projection from a breakout. Two simple opportunities to go long in play from a purely price perspective. For the triggers... (i) Firstly we will wait for either a breakout of resistance and play the momentum rather than jumping the gun and risking getting caught in chop. (ii) A blind long on a test of the Monthly Open at $8,540. On the medium term flows as long as $6,213 is holding the uptrend remains intact. It is very strong steel support, a break above the highs in this swing that we are tracking will lock them for a very long time: Here the safety of the swing is protective and the advance becomes strong. And once more, the reason can be found in the qualities of decentralisation and the role it plays in the contraction of globalisation via protectionism (in particular the US & UK). So the truth seems to lie in the following facts: Just as our judgement of CBs developed on the basis of price stability and inflation mandates, there is an initiative for BTC to shine and play a major role in the new monetary policy while the stubborn refuse to adapt, those who are nimble will be rewarded. As usual thanks for keeping the likes, comments and charts coming!
BITMEX:BTCUSD.PLong
by ridethepig
6
BTC / USD | Cup & Handle Buy Levels and TargetsHello, support the idea with your likes and love to see your inputs in comments, maybe your view is different on price action — let me know. After breaking the Descending Wedge price went up to 8900 Resistance level (cup & handle resistance) and right now XBTUSD price in the middle of handle in cup and handle pattern. I will open 2 buy orders at 8700 (i did already) and at 8500 as the support. Looking for breakout from Parallel Resistance and free to reach target 1-2-3. Mine SL below Key Support level, cause price action could be tricky as we see in Mid SEP and OCT 2019, price just shakeout all long players and pumped very hard: Thanks for your attention, good luck and have profit trades!
BITMEX:BTCUSD.PLong
by ArShevelev
7
XBTUSD, what you see is what you get, or do you?Good morning traders and welcome to my next analysis. We have quite an interesting situation, with the bulls and bears going head to head in an even competition BTC has been operating in a tight range for the last 5 days with some sort of accumulation and multiple attempts at clearing the 8,900. Another attempt to break 8,900 started today and while we see a candle through the resistance, we await for confirmation 2 scenarios: 1) Bullish scenario Wait for confirmation of 4H over 8,900 Inverse H&S pattern forming Strong momentum in the last 5 hours with bulls weathering the dump by bears Conversion line (blue) has crossed the Base line (brown) in the 1H implying a potential upward movement with good support by the Kumo below You can go long once confirmation of holding 8,900 is there (be aware of a fakeout!!!) Targets at 9200/9472/9613 SL: Tight at 8,660 2 ) Bearish scenario BTC is also forming a double top on the 1H If fails to clear and hold 8,900, the double top will come in to play and we can open a short position Key target in case short plays out is at 8,520 where we see the next PA to determine our course of action On the 4H we still have a red Kumo as resistance, which BTC has to penetrate to confirm reversal. Rejection of Kumo will be confirmation of short position Thanks for your reading of my ideas. Please support with likes. It motivates me to generate more content on this platform. This is not financial advise but merely a representation of what can potentially play out. Leveraged position can be risky and should be restricted to the max amount you are willing to lose. Safe trading and good luck!
BITMEX:BTCUSD.P
by TameBTC
BTCUSD(04.03.2020):The right strategy is the key to success!Hello friends! The price is in a position where you can reflect on purchases, but do not forget about sudden sales. The 8150 support level in the logarithmic scale was not achieved, and there is a high probability of testing this level. On the other hand, the range of correction trades has been overcome upwards and now the price is trying to begin growth within the framework of hight impulse waves. In the current situation: 1) it is worth buying now with the expectation that the price may drop to the level of 8150 2) it is worth selling now with the expectation that the price can continue to rise, and you will have to return to purchases at more significant price levels. We adhere to the conditions of number 1 Good luck to all!
BITSTAMP:BTCUSDLong
by UnknownUnicorn3511625
1
Is BTC your cup of Tea? or you hanging upside down?Ladies and Gentlemen, trading isn't for the weak (like myself), however, there will be a big light at the end of the tunnel. Like me explain it in laymen's terms! We didn't break the important $10,500, this being the case we had a larger correction then most people expected. Now are searching for new support. Here is what I'm thinking. Cup and Handle - If we can range between $8,700 - $8,350 for the next week or so we could start to build the handle allowing with consolidation and volume to allow a further move up. Inverse Head & Shoulders - If the $8,700 - $8,350 range fails, well then we could be heading to $7,800 - $7,200 range where we could see a large bounce heading towards $10,400 - $10,200 range which should be resistance in late May - April. As much as people want to believe this correction is due to a virus or the stock market its not. Everything is playing out perfectly so please sit back relax. Follow me on this journey! *This is not financial advice*
BITMEX:BTCUSD.PLong
by ONEBIGBILLION