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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. If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading. Take care, trade safe
BITMEX:BTCUSD.P
by AminHa4
2
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. If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading. Take care, trade safe and good luck.
BITMEX:BTCUSD.P
by AminHa4
6
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. Please FOLLOW AND LIKE if you like the IDEA, I will be posting regular updates for it.
COINBASE:BTCUSDLong
by BoSukas
1
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.
BITSTAMP:BTCUSDShort
by nivishoes
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.
KRAKEN:BTCUSDShort
by ezpi
13
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
by kamran_nazari
1
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 :)
KRAKEN:BTCUSD
by ezpi
4
BTCUSD / what now BTC? make up your mind! 2 trades!So previous trade setup was: SHORT: 9190, 9290, 9340 SL: 9412 (slightly above the 2019/2020 ATH downtrendline which was around ~9350) What happened? Orders filled. Started dumping. Reversed and pumped. Reached the ATH trendline and BROKE it, printing 1h and 2h candle close ABOVE it. My previous trade was heavily relying on the ATH downtrend line hammering it down. Since this broke on a 2h candle, I believe it was bullish enough of a signal to de-risk the trade and exit out of it. I then decided to manually exit. Waited for a small retracement. Closed trade manually for about -0.3% LOSS. Could have actually waited, and closed for profit. It went down as far as 9234 which would have actually been around 0.5% profit had I closed there. No problem though. A failed trade = LOSS no matter what, in my book. That trade was a LOSS. Could it still dump? Yes. However bullish signals: * broke ATH 2019/2020 downtrend line, with 1h and 2h CLOSE. * altcoins started reacting, and going up with some volume Right now it is basically in limbo zone. Altcoins have not reacted strongly. Some have (XRP), others havent (ETH). It is trading at 9250 right now, below 2/3rd of my shorts, so I could still be on short and in profit, but I closed that trade and am waiting now for more confirmation. In the chart there are trade setups for both scenarios I am looking at. Both long and short. Chart explains itself. Breaking the 9485 previous high is a big bullish signal, as it would also be breaking into 9400 horizontal resistance, and that should signal continuation to 9.6k and possibly 10.2k (more likely). NOT breaking the 9485, or even getting hammered down by it, would signal the dump, and we would short it again, with a SL right above it (9512 - I like arbitrary numbers that dont seem to be able to get wicked out). Right now NO TRADE ACTIVE.
KRAKEN:BTCUSD
by ezpi
4