Xbtusdshort
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!
Buttcorn needs some helpBitcoin needs a catalyst in order to send us up. People keep selling and we will be stuck in this bear market until we get something worthy of a reversal.
-BTC seems to be forming a bear flag on plenty of time frames.
-MACD is crossing down on the 30min chart.
-We could see a bit of movement down to the next support. From there we will have re evaluate the situation there.
-MACD crossing down on the 1D time framer
4H Bitcoin BEARISH symmetrical triangleShort enter at $3780
Take profits at around $3600 area (0.618 Fibonacci)
Stop-loss $3840
$BTC - #Bitcoin-Daily-Update #9 - Day Trader ExplainsHello Lads and Ladies,
Welcome back to TJ's TA sessions.- The Daily BTC Update
What happened in the last 24h?
Once again, the previous daily update has been pretty exact and we made a new low of 3280$. We saw some nice downwards action today, followed by a hammer and a small pump to slightly above 3400 yet this got resolved pretty quickly with a decreasing volume and a followed dump below 3350, where we are right now. I am very excited to look behind the scenes now, since this day seems to be a little harder to take apart. Funding has been paying longs and shorts today, which should show us a similar increase in shorts and longs, since nothing significant has happened.
Longs and shorts have increased pretty much in the same way, which for me indicates an honest dump, yet not much action in the market.
Most important S/R right now?
2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3820 3950 4077 4123 4169 4382 4658
Gained lost %?
Since the opening of the new daily, we wicked down -3.6%, but gained 0.51%
MarketCap?
Total MarektCap is 108 Billion - lost 2 -
Of which BTC is 59 Billion - lost 2 -
With a Dominance of 55.0%
- Today Alts seemed to be stagnant and consolidating after the bleeding of last days. -
Volatility?
The 30d avg Volatility is 5.72%
- -0.1 -
Shorts/Longs?
Shorts - 37.5k (SUPER-danger-zone)
Longs - 28.6k (solid)
- S +1.5 / L +2.6 -
Funding?
The last 3 funding rates added -> -0.015%
- -0.10 -> lost a bit -
Momentum?
The TJ-Momentum is finally blue and indicating us a bullish signal that the bearish momentum has lost steam and we are, as mentioned yesterday, due for a small relief rally.
Volume?
Today we have a smaller volume, which is as the scenes show us, not saying much. Longs are not very interested in buying, shorts are being careful not to over leverage themselves again.
TJ-MF/StochRSI levels?
TJ-MoneyFlow -We are still below the 0 line. As we saw today, not much was happening, its getting smaller and flatter not giving us a clear signal.
StochRSI
K(blue) - 77
D(orange) - 75
Divergences?
No divergences at this moment.
Market Structure?
We are still inside the bigger falling wedge. What we are seeing is a time base push out of the smaller wedge, yet its following with its low the previous resistance which is not a bullish sign. Probably all the way down towards support.
Overall?
We saw today a pretty much not exciting day. Sure, the short is going good, filling the TPs, yet I would like to see more bearish signs on the daily basis, so I do not worry about the short.
The missing Volume and Money Flow are still indicating an indecision. Since we are in a pretty strong downtrend it means to me that bulls are not ready to really long yet and bears are letting their shorts "play out", pretty much as we do right now. Shorting is valuable above 3500, but low 3.3k with small wicks below it, are definitely not signs for an obvious short. Should you not be in a position, wait a little bit and watch what is happening. We have still 3250 and 3200 as pretty strong support zones which still have to be tested and pushed through. Should we break 3.2k we will most likely see another increase in shorts and higher volume, until then I suspect a small dipper around 50-150$ per day moving sideways and down until we get to the mentioned supports and see who wins that fight. TAKE PROFITS SLIGHTLY ABOVE THE SUPPORTS 3250 and 3200.
What do we want?
We saw today a close below yesterdays low, which is pretty much the only "obvious sign for keeping the short position and calming us down. We want to test 3250 3200 and 3150, there win the fights agains bulls.
Position?
Keeping the short open, having refuel staggers at 3468 and 3550, taking profits at the supports. Opening new shorts only small amounts right now and max 10% at 3468.
Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins.
This is as always a delayed post, if you are interested in first hand news, feel free to join our group,
Cheers, TJ
XBTUSD Leading Diagonal ?? 3k around the corner ??As you see in the picture btc is printing leading diagonal, in my opinion we will see some
bounce now, and in next days we will go for lower lows around 3150 and lower.
Bitcoin to 2950-2450$soonAfter hits 4400 in the last analysis its dump and it will continued the dump to 2950-2725$ and it will touch the last trend and it will growing up again and if it break highest green trend and closed 2h it will growing fast to 5000-5400-5800
Good lock all in trading
Quick BitMEX trade IDEA's! CHECK IT OUT Whats up cryptopians!! lookgs as XBTUSD has Dropped not sustaining the UPTREND, Above i have posted a chart of a few quick trade ideas. If you are looking for a community to trade with on ZOOM in REAL TIME with LiquidMEX sharing his SCREEN then drop me a comment below or send me a personal message and i will send you the link to my platform where we are trading on BitMEX as a group i also have trading courses that i am starting. Yesterday we did around 10 trades with HIGH leverage between 50x-100x out of those 10 trades 8 were profited with above 30% a trade and 2 were closes at slight loss of around 10%. OVERALL very fun time and everyone was happy!
!DISCLAIMER!:THIS IS NOT FINANCIAL ADVICE AS I AM NOT A FINANCIAL ADVISER. THIS CONTENT IS INTENDED FOR EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY!
Bitcoin - The Final Shoe DropsWe look to be setting up for one last drop on Bitcoin. Currently opening shorts up around the top of the smaller pennant around $3740. With plans to add to my short if we somehow break that and push towards the top of the larger pennant in play. Looking to see the support zone break below $3450 with targets in the $2900-3100 range to close our shorts and flip long.
There's a small chance we bart up, so don't go too crazy with leverage on the short, make sure to have stops in place if we break out of the larger pennant and hopefully our next update will be discussing the break upwards from $2900-3100.
$BTC #XBTUSD - Daily Update - Day Trader ExplainsHello Lads and Ladies,
This is a daily Update on Bitcoin from our private mentoring group.
As one can see and identify, we are technically still inside a bear flag formation with a double support.
This is definitely not a bullish sign. Normally looking at this, we would be seeing a breakdown to 4k and with a break of it another crash to 3550.
Now, what is the bets way to normally trade this?
Take a look at what day we have. (Saturday -> weekend -> low volatility, liquidity and price movement)
Based on this, we can see that a break of any of these lines is rather not possible.
We are near the green line, which would give us the lowest loss should we actually break the green line. -> short
We are in a bear flag -> short
StochRSI is pretty high and momentum is about to turn make bigger moves done -> short
OVERALL -> SHORT
Why?
Close above the green line on 4h would be your SL. -> minimal loss
Many, many indications are bearish. -> short
TP?
set up TPs at the supports and make sure to take out 75% before 4k.
Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins.
This is as always a delayed post, if you are interested in first hand news, feel free to join our group,
Cheers, TJ
XBT/USD scalp and swing trade in one. First play is scalp fow now. Short XBT to buy zone for swing long. Buy Zone is 0.618 retracement + C point of possible ABCD. Target in screen.
BTC - The Next Leg DownRight now, this is setting up exactly the same as our call to short at $5500. Right now, I'm targeting somewhere between $3600-$4000 as the profit taking area on the short. But it's the exact same setup with the bear flag/pennant coming out of the drop. It's possible we bart back up, break $4600 with conviction and volume and I'd stop out of the short.
BITCOIN : Short & Long Full Trading Setup !!Bitcoin also Making Descending Triangle in Big Time Frames and No more Volume to Bitcoin Moves, Now Price Are Critical Zone in Long Time Periods But You Can Long Short Given Below Levels on Your Risk.
BTC Long if Support 6150 Target will be 6500 and 6800.
if Break 6150 Support Then You Can Short From 6150 and Target Will Be 5750.
Let See , What Will be Next Move.
Share Your Opinion in Comments.
if You Satisfied With My idea Then Dont Forgot To Hit Like.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Bitcoin (BTC) Be careful about buying the dip. Weird PA today.Bitcoin has dumped down as I called for. Everyone seems to be buying the dip right now. The last thing you want to do is join them.
For this to be the bottom, we should have liquidations. So far there has ONLY BEEN ONE liquidation of 120k USD. That is not enough. And currently as of right now everyone on Bitmex is longing Bitcoin/Ethereum.
Looks like another drop is very likely.
This one is short as I am very busy right now. I basically give out free ideas and usually I spend more than 30 min doing analysis. Just know that this one is probably not as reliable. If you wish to long, at most do a small amount. Don't overextend.
Thanks for viewing! I believe we will bounce and/or hold here, but expect another drop.
Also, I don't believe the bull run is here. Don't listen to the people calling for the bull run. You can make a lot of money catching 80% of the new trend if we do get a bull market. For now still expecting sub 6k or at least a test below lower low.
DECISION TIME IS NEAR! WILL WE GO BACK TO THE 2014 TRENDLINE?!?!At the start of the year i drew a couple of trend lines from the 2014 run (red dashed lines). In around mid 2017 BTC went to test this trend again where it succeed and bounced like crazy off the top one. I think if we finally manage to break down under this strong support of $6000 we could head back to this trend/next support. Hopefully from here we will see strong bullish movement form. On the other hand if we cant break this strong $6000 support then ;)
Short term - Bullish until a close under support
Good luck everyone!
We believe that this is just a big bull trap.The current price action is not bullish at all but on the contrary is very bearish especially if the daily chart closes under the pink trend line.
Once again we can see the power of fibs. The price got rejected at the 0.5 from swing high to swing low, approximately at the same level as the 100 Daily MA. According to our fib based TA the price needs to break a 0.65 from swing low to swing high if we want to have a chance of seeing a bull run.
Bearish indicators:
- pierce of lower bb after an extreme squeeze
- FOR NOW rejection at the 0.5, 100 MA, POC and pink trendline (things could change until the daily close but for now everything is bearish).
- huge premium on tether exchanges (rember GOX vs STAMP in the last months of GOX's life?)
As long as there is FUD surrounding Bitfinex and Tether and there is a huge premium on tether exchanges we will chart on the the average price from 4 USD exchanges: Bitstamp, Coinbase, Gemini and Kraken.
XBTUSD FLAG PATTERN Flag formation occurred. Points that need to be broken , destinations are specified on the chart.
It doesn't look good at the moment for our oldest friend...Yesterday i already smelled something fishy. There was a pretty hard decline of a (down) trend-line that started in march of this year.
In combination with the low volume it didn't look good for BTC.
It is possible that we bounce from here, BUT we need buying volume and get the hell out of this triangle.
We need to pass 6500 and hopefully that will become our new support.
When we stay below 6500 the next couple of days that we will drop to 5800, which is also a psychological border for a lot of people.
For now it think we will go down to 5800 and have a strong bounce from there.
Bitcoin (BTC) Buy and sell walls visualized. Join the whales.Bitcoin 0.58% seems to have rebounded off support, which happened to be a Bitfinex buy wall purchasing over 1000 Bitcoin 0.58% . You can monitor these walls by tracking the Bitfinex orderbook. If you message me, I will share where to find this data.
I did my best to showcase where large transaction occurs, and it is very obvious this market is moved by big money, who trade with 100+ BTC. They make the money while new retail traders get some crumbs. Learn to play their game and you will have much safer trades.
Right now we have been rejected by resistance. If we close above 6558, the odds are good for a further rally.
Therefore:
You may long now & have a stop loss at 6328
If by chance we do get above 6600, move your stop loss up to lock in gains. Longing 6600+ is significantly riskier.
My last Bitcoin 0.58% trade hit my stop loss, but I am hoping this one will turn out well.
Thanks for viewing! I am in other trades such as XRP, and Ethereum 1.68% . My last XRP trade made me over 13% alone, so please check them out.
Litecoin does look quite good from a long term standpoint, but with Bitcoin 0.58% hovering near 6000, I would be wary longing. Litecoin may pop off in a black swan event similar to XRP and DOGE, so you may buy the breakout.
Another day another ShortThis is our trade setup for btc. As long as we do not break 6700, 6219 or 6040 are waiting for us. After one of this 2 targets is hit we expect to see a 5 to maxim 10% correction and after that we expect to see sub 6k values.
