Bitcoin hits summer estimated target 3500. So, I follow my calculation and open long at 3470 (Bitmex) and at 3690 (Bitfinex). Also weekly SMA182 is at the level of 3415 (Bitfinex) - this means that I set SL below mentioned MA: 3390 (Bitfinex), 3270 (Bitmex). If SL is triggered - then I will go long around weekly SMA200 at the level ~3130 (Bitfinex).
I estimate that Bitcoin would slightly move down, and then I would go long. My further steps: 1) At Bitfinex - two pending orders: long at 6166 and 6266; 2) At Bitmex - one pending order: long at 6166. TP at 6666. SL at 5900. Leverage 2x-5x.
Bitcoin is traded below middle band of the channel DC - so appears higher probability of going down to lower band of the channel DC ~6006 during the next week. Generally, I think there is no good entry for longs/shorts at current levels - that's why I prefer to go with split position at lower levels, with these longs: 6166 and 6066 (at Bitmex). Also, keep in...
Pending buy order: Open at 0.46 TP #1 at 0.5 TP #2 at 0.6 SL preliminary at 0.44 and then moving up to B/E.
Bitcoin is testing middle band of the channel DC ~6580, and if the daily candle is closed below this line (also taking into consideration core TIs) - then appears higher probability of going down to lower band of the channel DC ~6330. At the same time, the flat movement might continue in the range 6450-6650 - so if your nerves are good, then you might try...
Hi traders! I have not been posting at TradingView for a long time. So from now on - I would publish very briefly "open/TP/SL". Hope it would make some profit to you. Right now opened position: - Long at 6625 (leverage 2x); - TP at 6925; - SL at 6425. I run positions at multiple exchanges/platforms to diversify various risk - while using Bitfinex and Bitmex...
Hello! As pointed out in last quick update: “… 4H TF: bitcoin slowed-down its run near EMA182. And in order to cool-down overheated TIs - bitcoin might go to M/BB (SMA20) or M/KC (EMA20) ~6400-6450..." As you can see we have reached these points. So, bitcoin turned down from the upper bands of the channels (BB, KC, DC) for testing the middle bands. Let us...
As soon as Friday neared to the end, we immediately saw an example of weekend manipulation. From the TA’s point of view, this jump could be seen already 30 minutes before its beginning, about which I wrote in my brief updates "... we have a buy signal on 4H TF ... if the bulls successfully support it, it would reach the daily middle bands of the channels (BB, KC ,...
Since 25 June, bitcoin is under the downward pressure of 4H SMA30, and then this pressure has intensified with 4H SMA/EMA 20. Of course, the bulls made several attempts to break through the resistance, but these purchases were "weak". As a result, bitcoin rebounded from M/BB and M/KC down to the lower bands. Yesterday, in a brief update, I pointed out that "......
Bitcoin lost the uptrend after a triple reversal from ~ 6850. At the same time, bitcoin gradually lost its positions in the channels (BB, KC, DC): could not hold onto the upper bands, slowed down a bit near the middle bands, but eventually broke down the lower bands - and reached the point ~ 5930. At the moment, we see that bitcoin has gradually returned to L/BB,...
My medium-term plan, after May’s 'high' at 9990, was based on levels at 6400, 6800–6900, as I expected that these targets should be reached before a repeated local growth begins. On the other hand, my model did not expect such a rapid fall below 6800, as it was built on a possible rebound upward from 6900 to 8200–8500. I wrote about this consistently in my...
In the previous detailed analysis, the upper points and targets were determined: based on TIs = 4H/5H U/BB ~ 7770, and also based on SMA/EMA = 5H EMA100. So, bitcoin has almost reached the set targets by touching ~ 7750. For the last few hours, bitcoin has been traded near daily SMA20 (M/BB), without forming clear signals for further growth or fall, and without...
Bitcoin continued to consolidate above 4H/5H M/BB and weekly EMA50 to overcome the resistance at 7700-7800, which is now set by daily SMA/EMA20 or in other words by daily M/BB (because weekly SMA50 shifted from 7700 to 7850). Now it is clear that this consolidation allowed us to go up to 7700, and to touch daily SMA/EMA20 = 7800. Let's analyze the further possible...
In the previous analysis (based on daily TI Stoch, StochRSI, Williams), I estimated that bitcoin would reach 7400 (higher than M/BB, but not U/BB) for testing upwards daily SMA365 and line of pitch fan at 6400. Unfortunately, proposed model did not work. Bitcoin reached U/BB, crossed up daily SMA365 and the line of pitch fan at 6400, while daily SMA/EMA10 =...
At current days TA gives good signals for the movement of bitcoin - that's why yesterday (based on the daily StochRSI and Williams) in my conclusion I pointed to a more likely scenario: bitcoin can jump up to 7550-7600 (M/BB) and then continue falling on 6900 (pitch fan at 6000). So it happened - bitcoin tightly tested M/BB and at the same time resistance line...
As expected: bitcoin found a short-term support around 2 lines at 7300-7400 (pitch fan at 6400 and daily SMA365), while the indicators StochRSI, Williams, CCI indicated a small jump not higher than 7500-7600, and eventually dropping down to 6900 - so far we are moving on this scenario. Bulls were expecting a sharp turn up near the current 7300-7400 - but the...
Bitcoin moves in the framework of the previous analysis: we saw a break down the daily SMA50 to the predicted point 7900 - and then the next bounce up. Thus, bitcoin tested the "increased" daily SMA50 and simultaneously the line of Fibonacci resistance. Currently, bitcoin is still traded around the daily SMA50, while we can expect that some time it will continue...