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
Xbtusdt
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 :)
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.
Moving Averages define the future of bullish scenario on BTCUSDMA50 was important resistance for BTC on daily to start bullish movement at 22th April and MA100 seems next resistance for price increase as well. I think it won't be easier to break MA100 than MA50 however it might be a beginning of a bullish movement stronger than 22th April's. On the short therm, I am expecting a pullback at 8k to ascending support level.
CAN BITCOIN BREAK ABOVE $7400 OR WILL IT ROLL OVER?✅We talked about Bitcoin in this video.
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BTC / USD — Adam Eve in Trap?Hey guys!
I am looking at 1h chart for Bitcoin before Monday move.
We can see possible reversal structure with triangle and Adam Eve pattern.
Next resistance zone at 7100 and 7500.
Support zone at 6600.
Keep in mind this is short-term perspective about btc move.
It is 30 days before Halving event.
May we see increased volatility? Write answer in comments
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Is it possible to back to 4K Area ? Friends, please hit the like button, and write any comment, this will be the best thanks and support from your side.
hello as you can see i I figured the 2 candle hanging man after the first hanging man candle you see the sharp downturn price
I expect this to happen again and
1-we should see 5K area
2-we can go to 5700/5500
3-we can go back to 6k area
4-we can go back to 5k and break the 5500 support zone and go lower to 4k area
***********************************************
please trade on your own responsibly
This is not a prophecy
That's just my opinion
It may or may not be true
THE FINAL UPDATE --> BITCOIN ABOUT TO EXPLODE TO 7k IN SOME DAYS( Great news from china ) From now until max some days bitcoin will breakout to 7K area as my expecting.
No new infections reported in Wuhan corona epicenter ( corona looks over) what means good news also for bitcoin ---> asia market
It looks Asia markets ready to pump btc to new level----> depens on data.
## Great news from china :
Alert: Bitcoin can also hit 7K in just small time ---> depens on the whales that now acctive on the 2 big exchanges.
i follow the update, and its possible that it can happend fast, before some days!!
Be ready for the huge breakout. we have already test the area 5.6, and now we go further on way to 7K area
if you want next small targets, ask me for private targets.
high breakout effect on new 3 exchanges. some times btc looks to go down, but it will breakout hard!
----> AGAIN THIS ARE THE FINAL UPDATE, IT CAN HAPPEND ANY MOMENT, AND I GIVE IT ONLY SOME DAYS MAX, BEACASE OF THE WHALE EFFECT ABOVE MX -320
I HAVE SAY IT AT TIME. nobody know the future, me also not, but this are 100% expecting, before expecting was right, this all depens on data/trends/whale effects.
IF YOU WANT MORE UPDATES FOLLOW ME, IF YOU WANT PRIVATE UPDATES SENT ME PM.
Have good day, 7K on way.
as promised here is my update after 6400! on way to breakout 7K!We did hit the update again ---> the 6400 usd!, where i did post before about it, i did expect it in max 24Has max, but just in 6 hours after my update its 6400 usd area!
follow my before update for 7K its very important update. --> this update are in proces
If you like my post, pleas give it a like, and for more updates follow the channel.
THank you.
have good day all!! on way to 7K
# for private membership contact me to get more signals for top 50 coins.
# all my updates are expecting, nobody know the future, and dont take it as advice.. trade on your way.
BE READY FOR THE HUGE BREAKOUT TO 7k AREA --> GOLD CHART!!I DID EXPECT BEFORE That btc will hit 5.6k, AND YES WE HAVE HIT IT AS I DID EXPECT. ( from there i have study some buy effects) since that time i have trend the long term order.)
I expecting a huge breakout to 7K area , Hotbit exchange looks to re enter the whales effect back on mx-320, what means amazing huge increase.
-Follow the money, whale effect, and trend and you can expect manny things. manny ask how is this possible that all what i did expect was true?
i say it here again, nobody know the future! so me also not. what i do is study the data/whale effect what are very important for bitcoin.
BE READY FOR THE HUGE BREAKOUT, I HAVE SAY IT AGAIN AT TIME!!
i did got a reply from some users how possible to know this before when i adding a chart ---> for faster updates ask the privatemembership. ( you can contact me)
FOLLOW ME FOR NEW UPDATES, AND CONTACT ME FOR PRIVATE UPDATES.
Expecting bitcoin in max 1 week to 5600 usd depens on data!Expecting bitcoin in max 1 week to 5.6K AREA, this depens on MX DATA AND TRENDS.
- at this moment you see no interest by whales to buy bitcoin above 6800, thats exactly, why i did add a post before , that bitcoin will breakdown from 6800 usd.
We are on testing way, back to 5.6K area as the home place.
1 week is the max, but its possible before! depens on the whale selling we can see next hours.
See you at home place 5.6K!
This is a high expecting, depens on data, exchanges, whale effects, trends and more.
-- nobody know the future, so i also not. thats why i work with data and expecting!
If you like my post, pleas give it a like, and follow me for new updates.
## if you want become private member, sent me pm, with private membership you get as first the updates.