chart & title say most of it. i'm taking a big low leveraged position on btc/usd and eth/usd. s/l right below 9400. #dyor #nofinancialadvise
Easy step into ETHUSD right now, going long at 119 with a tight s/l at 114.45, taking a big position with low (x5) leverage. The reason for taking a shot at a long here is hidden bullish divergence on the 4h chart. If long gets stopped it's counter short time with a look to recent support levels
This is an update to my recent relief rally idea. Chart says most of it, missing volume is the key. Weekly trend is still widely bearish which might take us sub 3k soon. - thank you for your comments -
Do i think we will see a relief rally? Yes. Do i think this was the bottom? No. We might test lower lows early next year. - thank you for your comments -
Since the 15% spike last week that shook out many short positions (14000 BTC got liquidated in 5min) bullish thoughts have startied to come back to the market. Many traders here on TV suggest we already broke the downtrend - which is clearly NOT the case when you look at the big picture on the logarithmic scale. We'd have to break and stay well above 9k at the...
Feel free to share your thoughts!
We'll have to set a new picture if the current trend can confirm. 8000-9000 received good volume since some time and will act as a psycological baslevel for a possible uptrend, we'll look into a bullish target of 13600 for the coming days and weeks. Angle of Pitchfork represents the ongoing exponential updtrend on the logarithmic scale looking at the big...
I'm frequently amazed by how BTC follows Fibonacci levels :) I'm not a big fan of using TA on Alts, but on our "big brother" it seems to work beautifully! Adjust your trades accordingly and gain great profits by riding the waves. We could head up as the chart is starting to show signs of a "reversed head & shoulders pattern" (though I'm not a big fan of patterns...
I'm frequently amazed how Bitcoin BTC follows Fibonacci Levels :) I'm not a big fan of using TA on Alts but with our "big brother" it seems to work beautifully! Adjust your trades accordingly and gain great profits riding the waves. We could head up as the chart starts to show signs of a reversed head & shoulders pattern (though i'm not a big fan of patterns...
It looks like yesterday's SEC-Meeting with millions of live-stream viewers around the world could have had a sustainable impact on the market. As the T D Sequential Count reaches the magic number 9 on day-candles i have bullish thoughts for now, we'll see if the movement can confirm - after a correction like the one we whitnessed i'd like to see at least one week...
As the TD Sequential Count reaches bearish 9 on the 4h-chart i look forward for BTC to take a break and show some positive signs. Though with all the FUD sorrounding regulatory news I don't think we're out of the woods yet. I suggest we will see two more down-waves with a prior test of the psychological 6000 level and a following correction to 0,236 Fibonacci...
In my opinion 12800 served as a crucial support level for Bitcoin during the correction after South Korean Exchanges got raided by police and investigators today in the morning hours. After bouncing off it's set to continue the bull run to 20k
Pitchfork & Fib Levels for BTC bullrun to 20k