Bitcoin update: Bulls vs Bear's?
I'm a 55% bullish as of this moment High Chance that the bulls have control the game, forming a Giant bullish Pattern our orange line which is ascending triangle pattern
breakout from the upward but needs to break first our trend line resistance area at 9991 region once the bulls fail to break this upper resistance trendline price will continue downward channel to retest our lower support at 9322 region.
Always be safe guys Happy Trading.
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Xbtusdlong
BTCUSD - The prospect of continued growth 20/02/2020Friends, support this idea with your Like and any Comment. Thanks.
I expect the completion of the correction for BTCUSD and the continuation of price growth within the framework of wave (III) of 3 of (5orC).
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XBTUSD: Stochastic Pop and Drop AlgoAlthough, I tried to open a trade yesterday, but I didn't find the suitable entry point for me.
But one of my trading algos did it for me and nailed the bottom of the last dump (about 9750).
Hope it'll close trade soon, bot results for 2 months looks fine.
Information is just for educational purposes, never financial advice. Always do your own research.
ridethepig | $16,000 In Play For BTC !!!As expected... an interesting day for BTC and other major Cryptos with risk under pressure once more from the latest Apple announcements. There is little to update on the fundamental side, with BTCUSD finding support at $9,500 as expected. Risk is likely to remain under pressure today so buying dips is and remains the strategy. A break of $10,000 will likely see further upside towards the $13,000 initial swing target as stops and momentum buying kicks in.
For those following the BTC swing from $6,600 it has been a very easy ride:
You will notice how the advance was clean as troops were marched towards the border:
Destroying the defence ...like a knife through hot butter:
CME Launch was superb news for BTC... we made it in the big leagues:
The question then became centred around seizing the breakout...
Before transferring the attack from a simple retrace towards an impulsive nature:
You will notice the momentum kicking in now, all dips will attract significantly more demand interest. Those in from the lows its time to sit back with a huge grin on your face. This has been a clean and simple ride with a flawless example of trading a +60% move...
I hope it has helped... Thanks guys.
[BTC] ONCE IN A LIFETIME OPPORTUNITYI called +$10K for bitcoin while its trading at $8K.
You can check it here:
Now time to retrace. It's very healthy and normal thing for assets.
I am looking for this as LAST CHANCE TO BUY UNDER $10K opportunity.
Probably, after this retracement we won't see under $10K bitcoin EVER! (According my elliot count)
One scenario ; price will come to $8.4K - $7.9K levels to accumulate more BTC.
The other ; bitcoin will retrace to minimum $9K level and then moonshot.
But i am thinking that it will see one more time $8xxx levels as goodbye kiss to those levels.
There is a trade for elliot trader but i will share this trade later on this month.
Because retracement will take time.
Here is my bottom call for BTC 1 month before the dip;
Follow share and like for more... Thanks...
ridethepig | XBT Market Commentary 2020.02.13A quick short-term update here with another storm of risk coming our way for the weekend. This time it will damage the late crypto buyers with a correction. We have already had intense orders and impressive sizings seen in Tokyo and before the NY open.
A real risk of a healthy pullback as that ridge of high pressure from Coronavirus spillover effects enter into play once more. In any case this will be a buying opportunity and we will update the short-term flows as we go if there is enough interest.
In any case a good opportunity to take some longs off the table and those sharp enough can ride the profit taking in a -5% leg cooking to the downside. As usual thanks for keeping the support coming with likes, comments and etc!
XBTUSD 1D CHART SHOWING STRONG LONG SIGNALSHello, this is my first published idea on trading view, and I am very open to feedback in order to improve my processes and posts.
Looking at the 1D chart for XBTUSD the downtrend has been confirmed as over and I believe the last week has made the bull flag signal appear much clearer and really help define the break out. I think entering long today would be acceptable, but there are signs that the price could fall slightly more if you'd like to average in and break it up, but I do not see any big falls down to 9800 or below so I would not get overly greedy. I personally have my stop points at the example one given on the graph. I have a 15m chart for swing/scalping analysis using xbtusd for for the next 24-72 hours depending on how quickly the market heats up. Please let me know if interested in that as well, as I saved the snapshot of the idea.
TLDR Bull Flag looking clearer and clearer, begin averaging in more aggressively and protect yourself from the quick pullbacks the market will naturally have.
Bitcoin Halving ComparisonDisclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
Sawcruhteez Strategies: How to BUY THE DIP | Advanced Dollar Cost Averaging Methods
In my previous post I called for Bitcoin to retest $16,000 before the halving. From there I expected to see a multi month correction back to $11,500 where support would be waiting from a horizontal and trendline. After further analysis I think that is a very good roadmap for the months to come.
In the charts above I compare the current price action with what we saw in the second half of 2016, which was the last time that Bitcoin halved. We are currently three months from the expected halving date and last time around BTC pumped 80% in the 6 weeks before the rewards decreased. It started to correct two weeks before the halving occurred and proceed to fall 40%. If history repeats itself then that would indicate price rallying to $18,000 by the end of April before correcting back down to $10,800 in the following months.
I put together a fractal to illustrate that potential path and used a parabola to connect to the lows instead of a trendline. Regardless of what happens these next few months should be very interesting indeed!
LONG TERM is SUPER BULLY! However, in the short term....I'll keep this simple and to the point..
Long Term BTC, hands down im Bullish all the way!
However, Currently... at this moment all I see us in is just a B wave in the ABC Correction. For those experienced traders you should know that the true C wave is always Blood on the street and I haven't seen that since the drop to $3500 which was part of the $20k Run.
The run we had last June to 15k was the 1st of 5 waves in the new trend which should run well into 2021 imo. Currently we're correcting that finishing up the B wave and preparing for the Nasty C.
I could be way off with my analysis but this is what I see... This is just my humble opinion. If Im correct, a good buy-in would be somewhere between $5500-$6500 and short all the way down.
BTC/USD LONG SET UP FOR BULL RUNBTC/USD BUY LIMIt ORDER
ENTRY 1 $9,768
ENTRY 2 $9,640
SL $9,220
TP.1 10,040
TP.2 10,268
TP.3 10,540 & TP.4 10,840
*Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair traded as high as the 10262.35 area after trading as low as the 10083.10 area during yesterday’s European session. Notably, the pair moved higher to test the 10522.51 area during yesterday’s North American session, a fresh multi-month high. After peaking around the psychologically-important 10500 level early in yesterday’s European session, traders quickly booked profits and drove the pair lower to the 10083.10 level, testing the 100-bar MA (4-hourly) and just above the 10064.04 area that represents the 38.2% retracement of the depreciation from 13868.44 to 7712.45. Traders are curious to see if the pair will be able to remain above the psychologically-important 10000 figure, and if BTC/USD bulls will have the fortitude to test the psychologically-important 11000 figure.
the pair continues to trade above the 50-bar MA (4-hourly), and are watching to see if the pair will be able to reclaim the 50-bar MA (hourly) following yesterday’s early depreciation. Traders are watching the 10513.53 area, an upside price objective that the market was briefly able to eclipse yesterday. This area gained technical significance when buying demand emerged around the 9521.47 area during the pair’s climb, adding on to the earlier demand around the 9078.05 area. Above current market levels, traders cite upside price objectives around the 10545, 10615, 10652, 10698, and 10722 levels.
Price activity is nearest the 50-bar MA (4-hourly) at 9668.68 and the 50-bar MA (Hourly) at 10315.18.
Technical Support is expected around 9948.51/ 9757.64/ 9370.10 with Stops expected below.
Technical Resistance is expected around 10534.04/ 10652.04/ 10698.24 with Stops expected above
Bitcoins is in a parabolic Stage next moonshot 10500-11k?
Bitcoin loves to hold this support trend-line target for the next wave will be at the 10500-11k region. FOMO comes in if there is more news for bitcoin more FOMO people will come newbie will enter the market and start of another bull run
for bitcoin. just always keep an eye for the support trend-line whenever bitcoin touch this area.
ridethepig | BTC Market Commentary 2020.02.11On the Crypto side, the market couldn’t make up its mind whether to break $10,000 or take some profits. After a little bit of both types or price action so far this week. Cryptos were generally positive and the dollar offer seems to have returned. Mildly positive headlines on the nCoV front regarding antidotes, combined with reports of some returning to work is also giving a breather to Crypto markets. It’s really tough to find any meaningful reason to take chips off the table so I continue to keep heavy BTC longs. I’m waiting in the shadows to add to LTCUSD longs. The cross traded 75 yesterday as algos persistently took profits. I really think any move lower is unjustified and the strong liquidity injection will see LTCUSD a lot higher once we clear the coronavirus flows.
A better start in BTCUSD after a dip to 9750 but it wasn’t long before the bid returned. With Equities once again on the strong side, BTCUSD has been able to spend most of the morning ticking higher. Chinese accounts seemed to add more longs to the move and we reached 9850. There has been impressive demand for Bitcoin appearing at the levels where it opened the week… 9750. The price action is clearly not bearish but I genuinely think this will rocket when the Fed / Whitehouse funding mystery flow is complete.
ridethepig | BTC Flirting With A Break Of $10,000 !The breakout in play at the $10,000 barrier a level which is itself protected. Another possibility is to remove the "profit taking" from consolidating underneath of the level. The sizings from China are impressive and more generally markets happy to take on risk after achieving a lot of sufficient PBOC support.
Buyers intend to increase the power of the threat by enticing soft retail shorts into playing the downside and then; how can sellers move to anticipate this coming breakup? By covering their positions and putting this through the roof as it would enable a sharp spike towards initial targets at $13,365 ==> follow closely by $16,000 as the main ST swing target.It is worth considering the underpinnings of this swing demonstrated here in the root of the move.
The waiting game
Smart money pinged out price from the lows, here the contact in the demand zone ( Bakkt Floor™ ) established the foundations between turnover in play. Large buys saved the swing which would have otherwise been lost on a breakdown. This brings us to the next conclusion and illustration in the idea.
Marching Troops To The Border
Before we could tackle the entire impulsive leg we needed to check we were well versed in the opening flows. The resistance and channel break should refresh optimism on the idea of higher highs, because both of these are fundamentally necessary for the correct direction and path of least resistance.
The question to follow readers is after the opening operations, do we sit tight and begin enjoying the fruits of our labour? Well, those sharp enough with ammunition stored up continued to work longs.
Destroying the defence
By playing the breakout buyers give no chance to release the tension and allow further defence to reason. $10,000 above here will offer psychological importance and be useful for headlines. It is in other words necessary for algos to continue grinding higher. But we all know that this is one of the most hated bull runs which has happened in BTC history. Retail are starting to turn bullish and have a powerful urge to expand exposure, and thus what we have done to our opponent is to cause death by a thousand scratches.
But moreover, (sadly) risk-off continues and Coronavirus flows have emerged, of which is showing no signs of abating.
Seizing the breakout
The manoeuvre from buyers to break the channel can only be described as impulsive, an advanced move which has been able to bring about demobilisation of sellers and to form a major opportunity after CME options. It removes the resistance from sellers and even allows buyers to approach closer to the initial swing targets. These excellent example of courage from buyers captures the "Establishment vs. People" narrative brewing as confidence in governments globally continue to collapse. Markets reply to FED funding Whitehouse policies will be particularly interesting...
As usual thanks for keeping the support coming with likes, comments, charts, questions and etc!
Bitcoin Parabolic moves
Bitcoin now confirmed of Ascending Triangle pattern and a bull breakout from this pattern
we have strong long term trend line support at 9950. our support and resistance at 10102 we have also major resistance between 10269 - 10400 region.
The bullish rally still in play but needs to hold our long term trend line support and potential next bull rally after a healthy pullback is up to 10500 region let's see how far can the bull pushing the price upward.
The Battle Of 9400 and 21 EMA (1HR Chart)I tried to make it as clear as possible on the chart, but here's the thing... right now horizontal levels are aligning very well with moving averages on the hourly chart, and for the last 4 days we've been holding support off the 21 EMA in the same timeframe. Bulls have to break and claim the 9400 level, bears have to break the 21 EMA (currently around 9.3k) for us to expect continuation to the south.
Price correction 29.01.2020Hello friends!
The price reached a new high within the primary impulse of the medium-term uptrend.
There remains a sign of repeated testing of local highs, after which we should expect the start of a price correction.
We do not recommend buying in the current situation.
It is worth looking for signs of the beginning of a price reduction.
Good luck to all!
XBTUSD: Looking for Pullbacks to BuyBitcoin clearly breaks out of downtrend but gets rejected at $9500-9600 HTF resistance.
I'm trying to long pullbacks, $9150 will be ideal, but BTC not often gives you the good entry point.
Closely watching PA, thinking about long at ~9250, to frontrun the price.
Information is just for educational purposes, never financial advice. Always do your own research.
[BTC] 10K INCOMINGThis pitchfork doing his job perfectly. As you see lots of touches at medianline.
My count plays perfectly so far. I am waiting one more push to $9700 level. Possible that with fomo we can touch $10K.
My trade setup will be like;
Entry 1: $8320
Entry 2: $8020
Stop: $7649 (Invalidation level for this count)
Target : $9699-$10000 (Depends degree of FOMO)
R:R (Risk to reward): More than 3
This is not a financial advice. This is application elliot wave theory to trade setup.
I am long since $6600 from spot. This is my leverage play. Also you can check my bottom call here:
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