I see a consolidation with a good opportunity to place very close SL. 3200 it is a strong resistance level. After break out we could expect very strong move down. Short term trade
Seems like Str is going to test 4000 area.
I see the little consolidation before fall. Good RR. Try to enter 3540.
I may be wrong how Bitcoin acts after H&S confirmation (there may be strong move down without any re-tests), but I am sure it will go down strongly.
Chart is self explanatory. If 4h candle will close above 3460 we are fine
BITFINEX:BTCUSD BITFINEX:BCHBTC Similar situation. Definitely not going to hit 10k area. If I am right and its going down today we can see consolidation around 7200 in future and strong drop to the 6800
STRBTC trading in high resistance zone. The sellers are exhausted. On a graph you can see the situation from my point of view.
Attention! It is the high risk trade! XLMBTC playing like hes extremely bullish. So be very careful while shorting it. The success of the trade also depends on BTCUSD pair. Seems like it was posted too late. If you can not get in at 4000, try to jump, when it drops under 3900. For those who went short at 3900, SL 4000. RR (Risk Reward) ratio 3 Also, I am...
This idea representing my point of view on BTSBTC. What we see here its definitely bearish formations (multiple top rejections, massive Kangoo tail(or shadow)). Massive tail represents the area of future resistance. My congratulations for those who went short at 2800. I will keep an eye on this pair. Idea is neutral for now!
Enter the trade 4250-4300 Target 3500 SL,- closing above blue trend line on daily.
On this chart you can see the resistance areas. For short term we should be looking for pull back from 100MA. As you can see we haven't broken the 5850 resistance. The next big resistances 4950 and 2950 The perfect price to buy bitcoin in long term would be any ask under 3000. I will be looking for 2600-2800. Good luck!