BTC - Intraday Areas of Interest 03/12/2020#BTC - Valid until 11am
I don't like to predict the direction of a market but focus on the price action in my highlighted area. Seems like there was a lot of selling pressure from yesterdays market. Be careful if you are looking to buy against the previous days direction, but there is a good buy area for buyers above the VWAP
Better to wait and see what the market does through the European session.
RED: SELL
GREEN: BUY
Utilise any moving average you like, and determine your base.
BUY LOW / SELL HIGH
Or
BUY STRENGTH / SELL WEAKNESS
Happy trading
Xbtusdshort
BTC - Intraday Areas of Interest 02/12/2020I don't like to predict the direction of a market but focus on the price action in my highlighted area. Seems like there was a lot of selling pressure from yesterdays market. Be careful if you are looking to buy against the previous days direction.
Better to wait and see what the market does through the European session.
RED: SELL
GREEN: BUY
Utilise any moving average you like, and determine your base.
BUY LOW / SELL HIGH
Or
BUY STRENGTH / SELL WEAKNESS
Happy trading
Most likely a strong correction aheadRSI and CMF are clear: we are entering the danger zone on bitcoin. This danger zone has been validated during the bull run of 2015, when both CMF and RSI are overextended on the weekly candlestick, we can expect a large drawdown.
I am still bullish long term on the bitcoin, I expect the price to reach 100k by dec 2021. If you are not in the market now, this pull back is your last chance. Don't be afraid to leverage yourself if the pullback is 30%. You will not regret it.
🔥 Bitcoin! The Bulls are putting up a FIGHT! 🔥Our TradingView Video debut!
In this video idea we look at the possibilities for Bitcoin over the next day / few days.
We look at what we expect, pending some more information to be given to us in the form of market structure over the course of the next few days!
$BTC Getting ready to make a move back down looks like deviation$BTC Giving this 24 more hours to either deviate back into Monday Range or go for that supply zone above at 12.2s
We have a sell signal on the 4h which offers at least some type of pull back.
Bear zone Oct 22-24th. Expect a bullish cycle to come to an end
IMO, crowded trade longing monthly open. But if we lose weekly open, expect us to fill lower liquidity.
Follow, Like & Share! Look at my signature for more updates on our indicators & analysis :)
Bitcoin Will Melt Once Again!!Hello Traders. I know most people think Crypto is about to make a major rise right now, but I'm seeing a few Bearish sentiments that say other wise. Bitcoin recently lost some bullish momentum testing some MA's and a Daily Zone. After recent bearish engulfing, price failed to rise back above a few key levels including the median of the engulfment. I predict a bleed out towards the Daily Pivot Point. If close under that occurs, I predict more bearish movements to the downside near my -61% Fib Level. It is possible for Bitcoin to dip back under $10,750, but no guarantees on that yet.
What Are Your Thoughts On Bitcoin??
All Likes & Comments Are Appreciated!
$BTC Short zone Oct 7th & 8th. I still expect one more poke up!BTC looks like its building a bit of momentum here to do a final blow off before entering our short zone within 48 hours. I expect 10.800s - 10.900s to be tapped before a significant nuke.
Looking at the liquidity levels off our indicator we do have a significant level at 10.870 which is the 50x short level. Id like that area to get tapped within the next 24 hours. Between our sell signal off our indicator and the liquidity level, it has a high probability.
In other words. I am getting ready to short $BTC into the weekend.
Follow, Like & Share! Look at my signature for more updates on our indicators & analysis :)
Is this the crash, everyone was waiting for?! 💎BTC/USD🌴FREE UPDATE🌴
- Yello ladies and gentlemen🚬😎💰
💎Bitcoin is once again perfectly following our analysis! Dropped further as anticipated in the last FREE update and recently bouncing, from our support zone ~10,200$.
💎However, we have developed some strong overhead resistance at our previous support zone (11000$-11100$).
💎While this bounce may seem convincing, this is not a reversal signal yet and ParadiseTeam believe, that the market is still quite bearish. Considering the strong sell-off we saw in the US markets yesterday, furthermore, we seeing again a correlation between the S&P500 and BTC.
💎So, another drop in stocks and equities markets, can trigger another sell-off for Bitcoin, with an immediate drop down target at 9100$ if the support at around ~10,200$ is lost.
A closer look at the recent Bitcoin rallyCloser look at XBTUSD on Bitmex. The recent rejection from the top of the rising wedge on the 1day/1week charts has caused a significant dump through a recent support level (yellow) that we were holding. For now, staying above a key area (11600), but looking rather weak. The CME gap at ~9600 is obviously in play, and closing that gap would require a massive sell off that would likely signal the end of this bullish cycle. For now, there is still a key support trendline that hasn't been broken yet, at around 11300 now. Below that, and freefall to 9600 would not be out of the question. Holding any of the supports in this area would be relatively bullish, particularly if some more buying action drove the price up to retest 12000 again. For now, however, 12k has been firmly rejected three times now, with high volume rapid selloffs. Bulls tried to bounce it back above 12k but it led to another selloff to the current XBTUSD price at the time of this post. A further dump to 11300 seems very likely, and if that support holds, we can expect to see another test at the 12k resistance. If it doesn't, the rising wedge support at around 10600 would be the next stop, and below that, free fall to the 9600 CME gap.
BITCOIN: Price CRASH is coming!Hello friends!
The dynamics of the growth of the BTC price is coming to its logical conclusion.
At the locally the triangle correction model has formed, which has been successfully implemented by price.
The price can reach the level of 12500, after which we expect a fast price decline in the impulse wave of the oldest correction model.
We recommend looking levels for a short sale and forgetting about continued growth in the medium term.
Good luck to all!
SHORT RESISTENCESI drawing short position resistance.
I create a Fibonacci and drawing down and upper trend line. I think Bitcoin will be rise but we know the bitcoin and the price of bitcoin most of time is not certain. Only I want to draw short resistances.
The alternative long position graph is here, you can look at this URL
Bitcoin can't break the downtrend therefore BITCOIN SHORT!Hi everyone, I think bitcoin will down because :
We have done a lot of try to 10k and we could not succeed in any of them. In some, we did not even try 10k. In addition, the volume is decreasing gradually.
People do not provide support to exceed 10kof this price. Of course, If we would have bitcoin exceeded 10k dollars then people would buy bitcoin.
1w weekly Stoch RSI on top.
Can't break the downtrend Now I think that 1W will return at least m20 and m50 in a week. It is also M200 in 1D around m20 in 1W.