There is a chance for bullsOk guys in last idea I mentioned it we are in danger zone and you saw the reaction of my channel.
Now I have to say bulls have a chance to make profit by this situation ...
As you can see I draw some lines in rsi, support and breaking white line means bulls gonna see 9700 again, resistance by while line means they should close they trades and enter short to 9050
Price is less than ichimoko cloud and also ma's ...
Macd histogram color changed to red ...
We are still in danger zone ... keep your eyes open ...
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Xbtusdt
ridethepig | BTC Market Commentary 2020.06.23BTCUSD with an underlying bid tone trickling slightly higher and completing the second targets in the sequence. For now though, I am happy to continue fading intraday dips in BTC and look to re-instate longs around 9360/9400.
The unhealthy collapse in consumer confidence in the public sector will continue adding to the brighter picture for BTC. Gold and BTC look cooked to outperform in a Sovereign Debt Crisis .
Well done all those riding this one.. a clean and straight forward move so far. Thanks for keeping your support coming with likes, comments, charts and etc!
Daily is still dangerous to long ...
Ok guys as you can see rsi is in divergence mode and it has a support line, breaking the line means we will see 7k~8k soon as possible.
By ichimoko we have to confirm the bottom line of channel and the first target for confirmation is 9100, breaking this support means we will see 8800 again.
By ma's if we lost ma 50 and 20 as dynamic support it means we will test ma 120 and 200 as dynamic resistance and target will be in 7800 ~ 8k.
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Danger zone ?Alright, we are here again ... danger ZONE :|
Yesterday btc movements supersized me :| and I got failed after a week in my journal ...
BTW, lets see
We have support line in rsi and new resistance line here, CMF shows the potential and support of macd ...
Cross overs of ma's and also price is more than ichimoko cloud.
There is only one thing which is really scary ...
Local resistance is high time frame ... (Im worry about bulls related idea)
But there is a support line here too ... (My only hope for 10k)
What is my suggestion? I recommend you to wait for the confirmation in 1h for a little trend, breaking the resistance line in rsi means 9900, and breaking the support line means 9400.
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Take care, trade safe and good luck.
Are We Accumulating? Is the 2020 Bull Run around the CORNER?Last bull run led to 2600% in profits!! Don’t get caught sleeping this time.
We have been trading flat for some time now since the move to 10200 and the subsequent dump, when bitcoin trades flat something BIG is around the corner with the something BIG sometimes being a DUMP.However, due to the global financial crisis and the Fed continuously pumping the markets, money will continue to flow into Bitcoin and we could reach all time highs this YEAR.
Trendlines are used to show the similarities between Q4 2019 and the current movement, if we make it past the upper boundary of the trendline and smash resistance at 10200 and 10500 then we will definitely be approaching bull territory.
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2 Scenario For BTCAs i said in my last TA Btc broke 9050 support and now its a poweful resistance.
For now we are going to test that resistance
if we can close candel above this green box then bull will be in charge again.
and first target will be around 9400 but this is our second scenario and the weak one .
our more probable scenario is testing that box then rejection from there and head down to our last target around 7800
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Bitcoin [BTC] On Thin Ice: Long-Term Trend at StakeThe 2 most important long term trends for me has been the bear 9-month bear channel from September 2019, and the 4-year old long term bull trend.
The price has been witnessing a startling rejection from the bear channel of 2019. There can be many ways a channel or a trend can be drawn. What particularly impresses me about this channel is the significance of the mid-line.
The support from the log cycle earlier held during the bear markets of 2018 (at $3150) and 2019 (around $6450) as well. However, it was broken when the coronavirus crisis hit the markets. After an impressive recovery from the lows, the price again found support above it last week.
But, it is again beginning to threaten a break-down.
A confirmation on the 1-hour, makes me cautious at the moment. I'll be looking for confirmation on higher times frames (4-hour, then daily) to identify fake-outs or a deviation.
BTCUSD / TD9 3hTD9 on the 3h counting down. ~2.5hr left. looks like a juicy SHORT.
ETH 30m TD9 just happened and is confirming candle, so could take another 2h to confirm, meanwhile the 1h and 4h candle are counting up to TD9 as well.
This one looks to be lining up better between btc/eth on td9 counts. Could be a nice dump to retest support at the least.
I am still expecting 9200-9300 CME gap fill if not more than that though so take these shorts while monitoring them closely, and I'd suggest closing them as soon as you get a 1h reversal candle on the way down. (Or even a 30m reversal candle to keep it tighter and safer).
We still are in bearish trend though, so its safer to short than long.
OBV is well under MA200 on 1h and up.
Where to buy Bitcoin with 30 - 70% disscount? You will learn the best place where we can trade Bitcoin at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
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Thank you for your support, I Love it.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
we need a correction first things first we are still BULLISH
we have got the halving ahead
and we need second wave of our long term impulse bullish move(our trend was started from around 4000-4500 in last 2 month )
we got the daily rsi over bought
and divergence in both macd and rsi
so not a surprise, is it ?
for short term we may reach 9000-9100 as the strong resistance to complete our ABC correction and the then the main correction will lead us to 7000 level
feel free to leave comment
BINANCE:BTCUSDT
KRAKEN:XBTUSDT
BITSTAMP:BTCUSD
BTCUSD / After 2x profit swings - still waiting for the move!The previous move down was NOT the market move.
We are still trading in the zone.
The previous move down was only a gradual decline to retest local support within the current trading zone (roughly 8500-9000).
So, what did that tell us?
1) We still dont have enough bearish momentum to expect a full down trade.
2) If what just happened WAS the bearish move, then we are actually showing very weak bearish momentum which could be flipping bullish.
3) We should exit any short position in a swing-low to support, so that we: 1) eliminate risk of losing the trade on the swing back up; 2) book profit; and 3) allow ourselves risk-free to re-analyze market again later for the next trade.
So my previous posts showed my trades. I always show my trades, unlike most people on here who just post junk and take no position. If I'm wrong I want it to be 100% transparent before-hand. I cant always be right and only an idiot would think they could anyway.....
My previous trades were 2 short positions which did not achieve TPs, but did achieve swing-low and exited for small penny-profit (3.07% and 4.12% respectively). Nothing to get excited about, but following the above strategy, at least continue to book profit and eliminate risk of loss. Which is what I believe trading should focus on.
Right now?
I am not in a trade, but I am looking at the trade in the chart above to short again between 9090 and 9266.
The longterm 2019/2020 ATH trendline is coming down (red line) and is closing in on 9300-9350 area, so I would put my orders in staggered below this line, as I do not expect there to be enough strength to even wick above it at this point. (On April 30th, you can see the first time since 2019 that this trendline even got wicked into, although it was very quickly rejected and hammered down by nearly $1000 within hours! EG: HUGE resistance layer!)
With all the pre-halvening FOMO buy pressure already booked in, I dont see us being able to challenge that trendline again.
With all the resistance layers above, unless we are breaking out by wednesday (6th May) market close, then I will be fully SHORT.
Right now I'm marking this NEUTRAL because I am open to either short or long.
Actually, last night, when we were at 8500, I was about to go long, but I was so tired and wanted to go to bed I didnt do it. I would have had to wait for another 2-4h candle prints to confirm support swing, and didnt want to do that, even though I was 90% sure I'd get at least a 8600->8900 swing trade in....
Sometimes you need to sleep in peace without worrying about trades rather than book some small profit!
100% glad I did. Had a great nights sleep :)