BitcornBen

BitcornBen

Drop a like if this helps you out, its free! :) Ripple in my opinion is one of the easier coins to scalp because it so often finds itself in these channels for days on end. The trick is to find the start of these channels early and from there on wards its easy 1: short when it hits the top of the channel 2: long when it hits the bottom of the channel Once the...

BitcornBen

Drop a like if this helps you out, its free! :) Bitcoin seems to be in a very interesting spot. With all the bullishness going around (I am bullish long term as well) I thought I would bring another side to bring some objectivity to the table. On the daily time frame bitcoin looks like its momentum is waning. As price continues to rise up past 14000 the volume...

BitcornBen

Drop a like if this helps you out, its free! :) All explanations on the chart. This is an investment not a trade. Don't expect 100% returns in the next 2 days. This is a long term investment plan and one that has a lot of upside potential

BitcornBen

Drop a like if you enjoy :) All explanations on the chart. This is an investment not a trade. Don't expect VET to pull 100% in the next 2 days. I am slowly building a long term bag at these prices

BitcornBen Updated 

Drop a like if this helps you out, its free! :) Here are some reasons why buying ETH right now is a bad idea 1: Everyone is being overly bullish right at a major resistance 2: There is hidden bearish divergence being formed on the daily 3: Declining volume suggest that we haven't yet broken any ranges and so we are not yet clear for a uptrend 4: Global funding...

BitcornBen

Please leave a like if this helps you out, its free :) I posted a bearish chart yesterday and again today, although I am not yet fully bearish. This is just a potential idea that could play out if we range for the next few days and then fall below 11300 The real bearishness doesn't begin until we start closing daily candles under 11000

BitcornBen

Here is why I think this is *potentially* a fake out Drop a like if this helps you out, its free! :) 1: CT is being euphoric about a 10% pump 2: Hidden Bearish divergence on Daily 3: Declining volume signals we are yet to see a true break of the range 4: Global funding rate is already 0,5%

BitcornBen

Drop a like if this helps you out, its free! :) This is a potential idea I am looking at for bitcoin The current price action we are seeing on bitcoin is awfully similar to the price action we saw last week. 1: Bitcoin bounces between a range 2: Bitcoin breaks above the range 3: Bitcoin sits above the range 4: Bitcoin crashes straight...

BitcornBen

Drop a like if this helps you out, its free! :) Trade Idea: Ethererum broke out of a strong resistance zone hoping to catching a wick down before further continuation upwards Reasons for trade: 1: Broke strong resistance zone 2: Sitting above 2H 200EMA hoping for a bounce there 3: No bearish Divergence present so this is unlikely to be a...

BitcornBen

Drop a like if this helps you out, its free! :) Trade Idea: Shorting strong supply block and then longing previous resistance that now should be support Reasons for trade: strong areas of supply and demand. High probability of a bounce at both the strong resistance and support Trade confidence: 6/10 RR: 2,44 and 6,45

BitcornBen

Drop a like if this helps you out, its free! :) Ethereum is currently ranging beween $363 and $347. This weekend we have seen extremely low reads of volatility which usually suggests a big move on the horizon. Ethereum is also currently flagging and recently tested the bottom side of the flag. HOW TO TRADE THIS RANGE 1. Wait for a 2H candle close above 363...

BitcornBen

With this weekend of extremely low volatility and ranging between 10800 and 10600 a break of these ranges is expected within the next few hours, most likely when CMEs open up for the week. A break above the range highs of 10800 will mean we will most likely head to 11100 region and a break below the range lows of 10600 will mean a move down to 10100

BitcornBen Updated 

Bitcoin is sitting at a decision point, right on a uptrend support line. IF we close below this support line a test of $10 800 is very likely. and if $10 800 breaks on a 4 hour candle close then we will most likely head back down to $10 000 with a potential to break and head to $9100

BitcornBen

Drop a like if this helps you out, its free! :) Range trading is one of my favourite trading strategies at the moment. It is highly profitable, highly rewarding and a good way to learn the markets. As you can see when a crypto enters a range like this one there are multiple opportunities to short the top and long the bottom of the range (yellow lines) for some...

BitcornBen

Drop a like if this helps you out, its free! :) Trade Idea 1: Descending triangle on Ethereum meaning easy short, this idea is easily invalidated with any move above the previous local high at $388 so you can put your stop above there. Trade Idea 2: This is for the more conservative trades. Wait for $377 support to break and then short it down to $356. The...

BitcornBen

Bitcoin looks like it is about to break out of this bullish ascending triangle. Usually weekend moves don't mean much but this could be a major breakout for bitcoin. Possible targets are 11200 and then 11500

BitcornBen

Bitcoin is sitting at a zone that could easily be one big fake out. All the world markets (nasdaq and s&p 500) look like garbage and have been for a while. A drop further in these markets could send bitcoin back to the $ 10 000 base. And seeing as this base has been tested so many times as of late it could easily break sending us back to 9100. This is a HTF support zone.

BitcornBen

Drop a like if this helps you out :) Some educational content on how to draw supply and demand zones. I will answer any questions in the comments.