Bitcoin on the move again, next resistance point, just before 9000.
BTC respecting the 55 and 200 EMAs as trendlines, but the range is starting to get tighter...
#Bitcoin is currently moving between the 7950 and 7650 range using the 55MA and 200MA as Support and Resistance zones on the 4 hour #BTCUSD chart. Trading this range until confirmation of a breakout.
Numbers on the right of the chart are my fib retracement numbers, numbers on the left are fib extension. Wave 4 finished at .382 almost perfectly. I have set my take profit target between .618 and .786 for the 5th wave as we also have a small resistance point at that level.
Looking at 8450 as the first area of resistance. Assuming we can break through that, the next major target would be the .382 fib level, around 9540. Here, I would take some profit and reposition myself to continue the current upward trend towards the .5 level, around 11500. Caution: Watch for Lower Lows and/or Lower Highs as these are bearish signs. Also keep...
My current Bitcoin setup while I wait to see what way we break...
Just an idea, I have been right my past few trades so I figured I would start posting my ideas. Target BTC to at least 6k, moving along 21 EMA. Stoploss in place at 4999.
I spy a double bottom around 3857, stop-loss set for 3850. Thoughts?
My reasons for why I went long when I did, one of my first few charts, first chart with fib retrace, any advice welcome. Thanks.
Messing around with Fib Retrace, advice is welcome. Still researching just how it works, but here is my long on XRP.
Took profits, histogram flipped, volume ticking lower. One of my first real trades after several hours of trading videos (Philakone's Cryptocurrency Trading Guide). Lets see how this goes.
A beginner setup guide to get started with TradingView. EMA, MACD, RSI and Volume Indicator setup, along with custom TradingView settings for Candles, Scales and Background.
8, 15, 21, and 55 Indicators starting to fan are starting to fan out, but volume is still relatively low.