XBT/USD Decision Time for BTC Who will Win BULL or BEARHello World,
As you can see XBTBT Currently in Descending Channel, XBTUSD moving up since last crash with all green candles with strong buy volume,
Today XBTUSD tested $9460 resistance, 11 days to halving, i am not 100% bullish on XBTUSD because there is rejection possible similar last one.
A expected CME Futures Short still be in our minds.
Bulish Scenario:
Weekly MACD bullish divergence
Strong Buy Volume
Halving 2020
This idea will be invalid if XBTUSD breaks descending channel and closed above.
Xbtusdshort
BTCUSD / Retest support after third resistance rejectionI closed my previous M-formation trade as it appears to have been invalidated with sideways movement.
It still could be in effect, I just want to go with a new trade setup.
Now expecting a third test of 9000-9200 horizontal resistance along with the 14k-10k longterm trendline which will be around the 9350 area over the next 24-48h.
This is a severely difficult level to break through as there are multiple short and long-term resistances coming together in the same trade zone.
I believe that there will be a little bit more pre-halvening FOMO buy pressure, but there wont be anymore short liquidations or major halvening buy pressure coming in as that has already happened, resulting in the previous impulse upwards.
This rejection should then return us down to the support layers below us at 8200-8300, and if that breaks then we'll go test 7800 levels.
I'd expect us to rise after that, coming into the halvening, and I hope for an 8600+ halvening price range.
After halvening, as always, we'll dump. I would prefer not having the big dump happen before, but will pay attention to these zones.
Current trade is now:
entry: 9190, 9240, 9290, 9340
SL: 9390 and 9440
TP1: 83xx
TP2: 81xx
TP3: 78xx
BTCUSD / Another Possible M-formation => 7754Chart says it all.
On Daily, and 4H there is a clear M-formation (easily visible on 4H).
If we continue this formation we'll have to go to the base of the M at the very least, which is around 7754.
After the last leg of an M formation, it will rise up to the M neckline again, which is around 8410.
From that point the formation and reaction has completed, and it can go up/down again depending on market.
I'm looking at short from 9000+ level currently and expecting high 7k target within next 4-5 days, or I will exit them and re-analyze.
#Update 19.04.2020 BTCUSD continue downtrend.#Update ideas on Bitcoin dated April 07 .
From 7450, Bitcoin began to slide down. In 7 days was formed some kind of five-wave structure with multiple overlapping. I marked it as leading diagonal triangle in the first wave, after that printed zigzag in (2) wave.
Also is likely the scenario as on ETHUSD, where a triple zigzag complicated the correction. Instead of leading diagonal triangle, was formed a double zigzag in wave (X). With such a development of events, growth in the region of 7700-8000 by a wave (Z) is still possible.
In any case, the entire growth from mid-March is correction after which, with a high degree of probability, the price of Bitcoin will continue to downtrend. I expect falling to the area of 3400-4400 in the wave (c) of (Y) of (B).
☘️ Good luck!
Thanks for your 👍 fingers under the idea.
BTCUSD - Risk local decline (19.04.2020)Hello friends.
Once again, we made adjustments to the overall picture of the price movement (given the upcoming of Bitcoin Halving).
Locally high probability of a sharp decline in prices to the level of 6000.
In general, in the next month we should not expect a decrease in prices below 6000.
With good buying support and strong media support, the rapid rise in price of Bitcoin may begin.
Otherwise, the range of 7000-6000 will be key for the next 2 months, after which we should expect a decrease to 5000.
Good luck to all!
BTC-USD | XBT-USD | Expected Leading Diagonal Pattern It's not Financial Advice just a Analysis , Because These are Corrective Pattern but looks possible it will touch top of channel for next correction. We will open any trade until it clear its move,open and short between the trend is always risky. Only scalping can be happen.
t.me/tradingheights
Bitcoin Week nr. 16This week bitcoin moved back into it's range. The 50 DMA is pushing it down, right now we are finding support on the 21 DEMA. Considering we have not closed above the recent range high in 5 days is looking more and more bearish. That said I only give it 60/40 right now, this because candles reveal indecisiveness. Wick to supply close below and wick to demand close below. Trade has pretty clear invalidation level close above range/7200 and likely price will visit 8000 and possibly much higher.
BTC-USD | XBT-USD | Next Move Analysis Updated IdeaIf it is making Expending Leading Diagonal then it has reject by 7000-7100 to complete its E wave because me personally believe that it has one more leg down for completion of its E wave of Expending Diagonal pattern. then No One can sure about it is corrective A wave or 1st wave of Impulsive downward but due to fundamental support we can only assume this will be Corrective wave .
[BTC] Short the Zombie market.Why my previous shorts have failed? Because I did the analysis on weekend when S&P didn't worked so it was all BTC work. Kudos for high stability so CME won't open on Monday with gap, thus those huge spikes.
Now since Monday we started to PUMP because uncle S&P started to PUMP also with a wooping 4%+ without stopping for a correction. Today I've notice S&P is tired and needs a correction probably in 2550$ area or it also might be the same rising wedge that can be seen on ALL MARKETS.
From Silver to Gold to Oil to S&P to Shitcoins. All did the same same same pattern.
1. This might be a small correction so 50% TP at 6900$
2. If it goes bellow 6600$ just keep the short and put a Stop-loss at 6700$ to take your profits away while its doing its crazy run.
3. Starting from tomorrow the DUMP will be extremely aggressive.
#XBTUSD #Bitmex xbt Entered into rangingMarket entered into ranging which side likely to be dominated
Short Side evidence :
1.Should retest weekly support aroubd 6.8k before trending up.
2. Most Oscillators in overbought region .
3.Forming a possible double top on 4h(conformo aftr close blw its nekline)
4. Not much expected volume for a healthy up trend.
Long Side Evidence :
1. Gap on CME around 8.4k region and as history prevails gaps are liked to be filled
2. RSI and Stoch trending up from 50
3. Weekly resistance around 8.2k region
4. Might see end of up trend with a roll over zone arnd 8.4k with then followed by phase IV downtrend
[BTC] [SHORT] Detailed insights Since my chart never had an explanation in this one I've provided a few points.
I am still short. I still consider this a very weak structure, without volume on no exchange. Bitmex lost over 400 million $ in open interest. Claim suit again Bitmex, Binance, etc. (scams goes down).
I am still weary of my position. A bit yes, only because of thin order books & random impulses that fade off very quickly.
Also a lot of bearish CT & Telegram signals everywhere.
Other then that it should work out TECHNICALLY.
XBT Looking for a long term short As per my charting, I'm still bearish. Until we break that 9k region I will remain bearish and let the market tell me when to switch to bullish. For me, I'm mainly looking at that supply zone. We near this zone ill be looking at price action to confirm this. I wanna see good momentum to this region than once we hit I want to see this momentum drop off (volume, lover candle bodies, and divergence)
If we manage to break through this region ill be looking at that daily support around the 8.5k region.
Maybe I'm wrong and we go straight to 80k from here................ haha
Let's see how this plays out