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Xbtusdshort

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!
BITMEX:BTCUSD.P
by theheirophant
1
BTC UPDATE - SHORTWe have broken upward from the parallel channel and have hit our first resistance between 6450-6550, this resistance is made up of sideways resistance (red dash line) as well as historic wedge resistance (yellow solid line) and the 50 EMA on the 6h chart (blue solid line) this combination will be tough for bulls to beat and is what our original short idea posted in our discord and on our twitter is based around. However, with the MACD having just crossed bull on the 12h timeframe down as well as the RSI showing some bullish divergence (orange solid line) and the 50 EMA crossing the 200 EMA on the smaller timeframes (30m down), there is a possibility the bulls could break this resistance and move up to the second resistance area between 6600-6700 marked by the second green box, in the situation that we do so, we will need to analyse the new data from there to determine if its best to average our short up, or close it off from there. Updates will be posted on all our outlets. ORIGINAL SHORT IDEA- XBT / USD SELL : 6400 - 6550 TARGET : TARGET 1 : 6350 TARGET 2 : 6300 TARGET 3: 6230 TARGET 4: 6120 TARGET 5: 5950 TARGET 6: 5850 STOP : 6865 Here is a look at the old wedge resistance (solid yellow line)-
BITFINEX:BTCUSDShort
by CryptoWolfPack
2
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 $4.2k. You assume all risk. A closer screen shot:
BITMEX:BTCUSD.PLong
by indigoblue300
Bitcoin (BTC) Get in short for highest possible price you canHey everyone, Bitcoin has once again proved why the ETF will not be approved. It is manipulated as !@#$. Right now, I recommend you to start entering your short positions. I managed to get short at 7k with an average of 6820 so far. When the ETF gets denied tomorrow we will be sitting in a good spot. My recommendation: Go short from 6.7k all the way to 7.1k. This is a very big trade with a take profit below 6k. We will now be continuing our downtrend. This move was not natural, it was done by the market manipulators who are the real winners. I fully expect a big dump tomorrow when the ETF gets denied. Take profit: 5.4k Stop Loss: Hold off for now, too volatile. You will likely get stopped out.
COINBASE:BTCUSDShort
by HD1184K
Bitcoin (BTC) Decent short on Bitcoin coming upAfter the drop, Bitcoin has managed to rally to 6.4k again. This was not a bart up and seemed to be natural move up following an Adam and Eve formation. Therefore, if we look at past fractuals, we can expect another retest of the low. This quality of this trade is not high, maybe 2/5, as we did bounce on the Kijun twice, first on the 4 hour which led to this rally, and then once again at our current price. But a drop is more likely. A better trade would be longing once we drop back to support. Therefore, we open a short and expect a drop back to support. Entry price: 6450 Stop loss: 6544 Take profit: 6300 6250 Thanks for viewing! This trade has a low R/R ratio, yet I will still take it. If you are curious about my last trade, please refer to my "Bitcoin Private long" where I made a good amount of profit in the related ideas section. If you message me, I will share my trade setups with you.
BITMEX:XBTShort
by HD1184K
4
BTC - Is that even possible ??Hello Guys, this analysis is very daring, however, we need to think about this pattern. We can see a Head and Shoulders Continuation Pattern. What means that? We are in a downtrend and a normal H&S confirmes the downtrend. A bearish continuation. I drew the neckline between the low from the 12th of July and the 14th of August. The left shoulder has it´s high at around 6868. The head´s high is at around 8487. To finish the H&S successfully the high could be at around 7000 (6800-7000) and the low should close at the neckline, a bit below 5800. Then it could probably break out further down to test lower levels and to continue the bearish trend. 12th 2017 November low 5464 25th 2017 October low 5366 18th 2017 October low 5100 15th 2017 October low 5405 02th 2017 September high 5013 If u agree or u just like the analysis, please leave a like and check me out on Twitter @ CryptoAirwaves. Thanks!
BITMEX:BTCUSD.P
by Airwaves
9
#XBTUSD $BTC what to do next and how not to get #REKTHello Lads and Ladies, Toady we will be taking a look at the XBTUSD chart especially suited for our Bitmex friends. As we have see the ETF hype and pump, we have now experienced a very hard retracement of almost 1600$ from the very top. Looking at XBTUSD right now, we are still on the short term downtrend from the last pump/hype. This retracement is still called a retracement because we did not have any negative news and still have the possibility of rising and going above the previous high. The reason for this would be of course in first case the positive news on the 10th of August. Looking at it from a TA perspective, which is more in the background of the analysis because the pump was news-based and not a natural movement, this has been the third big bounce from the area of 6200-5800. Looking at he bounces, we create a big leg up with mostly one small stop in between. After the first top, we see normally a type of bigger retracement, nevertheless after this retracement we are followed by a second big leg up above the previous top. This would be in our case a second leg up ABOVE the previous top of 8500. Yet, this retracement from basically 8300 had a hard time going down with many bear flags on its way and a strong pull up. All of this does not seem like a drop that one would expect, tricking a lot of players to open a long position. Almost the same is happening with XBTUSD right now. We are in a very decisive area which might determine the outcome and movement of XBTUSD of this month. To be more specific, we are right now in a sort of channel between 6880 and 7200. Getting near to those lines of support and resistance one might consider opening an according position. Breaking one of these lines would most likely show us the new direction of this month. Looking at commonly used indicators, we are right now even on bigger timeframes on a oversold area. Even the daily StochRSI is at 0 , 0. As a matter of fact this is actually a positive and bullish sign, indicating us a reversal soon. In addition to that we are still expecting news on the 10th of August on an ETF. Normally if big players or market making manipulators would know that there will be negative news coming out, they would let the price rise and hype as much as possible to have the best entry for a SHORT position. In the opposite scenario, they would expect good news and keep the price as low as possible to have the best entry before a humungous pump. Yet, this is a lot of conspiracy and nothing to rely on. Following by that, we can see that on many timeframes we are in a oversold region, yet still have enough space for an additional drop. Taking into consideration that we are right now only 50$ away from the channel-support this would mean for us finding new bottoms and maybe even making a new 2018-Low and after that continuing with a more natural movement and not only news-based. In addition to that, a delay on the ETF decision or even a negative outcome would definitely break the recent support and pull us towards new support and lows. The very last hope is 6600 for XBTUSD. Should we not see a rapid bounce from there an important ascending support will be broken and we will seek lower lows with a very high chance. Nevertheless, there are actually two more bullish signs that might be not very relevant because of the timeframes, yet should be considered before making a trading decision. This would be for the first on a daily time frame, applying the Fibonacci Retracement from 5870 to 8500 the 61.8% support is actually at the recent channel support of 6880. Showing us a possible trend reversal and the first bullish sign. The second bullish sign can be seen on the 1h timeframe as we are forming a double bottom at the channel-support, also indicating us a possible trend reversal OR at least a short term direction to test the channel resistance at 7200.
BITMEX:BTCUSD.P
by KongTrading
1
XBT New RangeNew range for BTC consolidation as it continues to move sideways. A few shakeouts/stop runs retested previous support levels, note that the long wicks all touch or come close to the .5 fib level. Also note that the wicks populate the blue box, which now acts as a demand area, whereas previous to the run-up it acted as a supply area. Resistance ~8300 has been tested several times at this point, after which price comes down to support and bounces. Flash dumps, followed by quick recovery pumps seem to be stop/liquidation runs or shakeouts to liq FOMO longs and subsequently bottom shorters, and to clear out any weak hands before next leg up. Quick recovery after dumps seems to suggest that there is high buying pressure at the bottom of the range, but also the high selling pressure ~8300 suggests that the market isn't ready for the next leg up yet. Overall I think this range plays out bullish in the mid-term, and we're setting up to break out of this range in a leg up. Partly wanted to test out my new color scheme with this idea, partly wanted to keep track of my thoughts and observations. I wanted this to serve as sort of a journal entry, hence the somewhat short & declarative style of writing sentences.
BITMEX:BTCUSD.PLong
by vcryptic
Bottom is in? I don't think so.Despite this pump today, 200 SMA is starting to trend down after previously supporting price 3 times before breaking below it, now I view it as massive resistance. In coming days, if price is not able to break above 6800 level, bearish divergence is in play and it would mean that trend change in 1h and 4h charts actually is nonsense, while a massive bear flag is forming once again. I am leaning towards 7200 - 7600 retest, then drop to 5k, back to 5.8, then panic to 3600. 12000+ level break is bottom confirmation for me, 8400+ break is first indication that bottom may be in. I believe this logarithmic chart triangle target is very valid, cause no one sees it and it is somewhere between other people predictions.
BITMEX:BTCUSD.P
by xbtbull
1