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BTC bullish movement in 3 small levelsLevel 1 - breaking out of the descending triangle, which could act as a continuation pattern for BTC with a target closer to 59.5k(approx) Level 2 - There is a strong resistance zone above level 1, if we break this zone, then the price is going to walk towards ATH approx 64800k Level 3 - If the price breaks above this, BTC will record a new ATH in its account. What do you think about this? Your comments and views are more than welcome! Thank You! Disclaimer: These are only my observations, please do your own research before following anything blindly. Due to its volatile nature, anything can happen at any time.
COINBASE:BTCUSD
by fullofsoul3
1
Bearish target for BTCUSDFibonacci Retracement tool: We can simply observe that price tested .382 level support, then it fell to .5 which could act as a strong support and the next level after breaking the support at level .5 would be the .618. Interesting thing to note here is: yellow ascending broadening wedge breakout target(50190 approx) matches almost with .382 level of fibb . This target is already met as mentioned in my previous idea. green rising wedge's target matches exactly with .618 fibb level (43114 approx) It seems price will retest .382 level, if it will act as a resistance then for sure we are breaking down to our next short target. Disclaimer: These are not the trade signals, only my analysis and observations.
COINBASE:BTCUSDShort
by fullofsoul3
ALL EYES ON BITCOIN - 22/08/2020What's up traders? Hope you made some profit yesterday. Let's start with today's analysis and next trade alternatives. INTRODUCTION: As always, before moving on with the analysis I would like to highlight that I base my trading on 3 different time frames which we will be looking at during all the series, those are: 1D, 1H and 15m. I also use MACD and RSI to follow up with the momentum on the market and I have 2 EMAs plotted which are the 50 day EMA & the 200 day EMA that I use to see the trend in each time frame. (We say that when the 50 day EMA it's above the 200 day EMA , we are in an uptrend. (The opposite in reverse) After taking into account the principal things that I use in my trading methodology, let's start! LAST TRADE UPDATE: As I told you yesterday I was waiting to see a break of the horizontal channel/range that I have drawn on the chart. Because It broke the bottom part of it (red rectangle), I entered a short position at 11586$ which I closed around 11485$ because I was seeing the price trying to move up and I wanted to close the position to go to sleep lol. Finally, it went down until 11387$ but anyway, WE TOOK SOME NICE PROFITS! WHAT ABOUT TODAY? As you can see on the chart price bounced from 11387$ maybe because we had a bullish divergence on the 1H chart as you can see in the MACD, indicator made a double bottom but price made a lower low. Now price it's around the 11600$ level which has been rejected 3 times since the bounce. on the 1H chart. The 11600$ level was before a support that had been rejected many times but in my opinion now it has turned into a resistance. For now my bias is bearish as we are in a short-term down trend and I can't see any divergence in momentum in the high time frames. However, I have not taken any trade yet because I'm waiting for a confirmation. Let's move one to today's trading alternatives. TODAY'S TRADE ALTERNATIVES: - I will enter a LONG position if we break the 11650$ level. (I will wait for a little correction and then enter the market) - I will SHORT if I see price starting to fall from the 11600$ level with strength, for now we can see how candles have been rejecting that level but I can't see strength on the rejection. Also looking at the order books the drop isn't clear for me yet. (I will wait for a little correction and then enter the market) If I can give you a tip is that whatever happens, alway stay awake and monitor the trade until profit are in your hands. In order to find my exit zones/take profits I will be looking at S/R, momentum divergences and EMAs rejections. Whatever happens, I'm ready! Thank you for making it here, I hope you can leave some comment, question or tip, I will really appreciate it. See ya on tomorrow's analysis of the market. GOOD LUCK!
BITMEX:BTCUSD.PShort
by Fronteos
This bearish sign could change things.Ok, the 9592 served as a resistance as we thought, and finally we see some correction here on BTC! And that’s fine, corrections are natural and healthy movements, as nothing can go up forever. But, before we begin, I invite you to follow me to keep in touch with our trades and analyses. The bulls should be aware of this possible H&S pattern (pink curved lines), it wasn’t triggered yet , but if it closes under $ 9309 (blue line) we may see a sharper correction. It seems it’s not going to be triggered, but keep your eyes open, just in case. Now the daily chart: It’s trading above the blue line at $9.2k and above the 21 ema, and these are good signs. It seems BTC found a resistance at the green trendline, but this don’t bug me though, what is really annoying is the low volume. The good news is the green candles have higher volume than the red candles in the past few days, and that’s a ray of hope. I’ll keep what I said in my previous analysis, BTC is more bullish than bearish, but there’re reasons for a sharper pullback ahead, especially if it does a bearish pattern right now, under the trendline and it closes under the light blue line ($9.2k). Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
2
The most challenging moment!Hello investors! BTC did some bearish movements during this weekend, and we are going to study it now. I always like to look at the hourly chart to search for some early signs of reversion, and it did a double top around $ 9.3k (blue line), and it lost the thin black line around $ 9.1k, which was support and resistance about seven times in the past. If BTC is going to test the $ 9.1 again, the price must trade above this pink line, which coincides with the 21 ema. If that’s not the case, BTC will seek lower supports, and the daily chart can give us more clues: BTC should react quickly because it has no immediate supports, just the $8k (red line) and around $ 7.5k (blue line). Also, the 21 ema is pointing downwards, the price lost the green trendline and it failed in surpassing the light blue line, which was something determinant in my view. Personally, I’m out of BTC now, I set a stop at my entry point, which was the high of the bullish engulf evidenced in the chart, and I’m just waiting now. I’ll focus more in my stocks, while BTC does nothing interesting to me. If you missed our last trades and analyses, the links to them are below. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Now, let’s see the weekly chart for some insights: Yes, BTC failed completely in escaping this descending channel, and it may drop all the way back to the ema if we don’t see a clear reaction here. Now BTC is at a very decisive moment, let’s see how it will behave this week. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
Time to book our profits? Not yet...Ok, so something weird happened today here! Some bears came out of nowhere and they left this massive candle. They managed to hit our black line, proving again that this is a strong support, but the price bounced back . It seems it doesn’t matter the bear’s power here, the bulls managed to retaliated back! So, BTC did a false breakout from this red line, and the live goes on. Some day traders earned a lot of money today, some lost (the majority imo), but we, the swing traders, are still here, without any major surprises. Let’s see the daily chart for more clues: It seems the price dropped just to find its support at the 21 ema and the light blue line. I already told you guys, that I wouldn’t be surprised if the price hit the green trendline again, and this wouldn’t spoil the bull trend. But, since you’ve reached this far, remember o follow me to keep in touch with our trades and analyses, and support this idea clicking on the like button! We are long since this bullish engulf evidenced on the chart, and there’s no change or surprises so far, our trade is going fine, and let’s see what BTC will do next. I don't see a clear reason to book our profits yet, especially since we are on a streak of winning trades, so we can take our chances here. In any case, the weekly chart is very bullish in my opinion: Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
12
We warned about the OPPORTUNITY!Hello everyone! So, BTC did some nice moves in our favor during the weekend, and as I said in my last BTC analysis, we can expect some volatility and erratic movement. If you are new here, I invite you to follow me, I do daily analyzes about BTC and some alts, and you’ll keep updated about our trades. Also, I’m sure you’ll find something interesting on my twitter, follow me there too. Now, back to BTC, today’s candle is a sign of balance, the bulls and the bears have almost the same strength here, and this candle has a name, it is a Doji. We are long since BTC triggered the Bullish Engulf, as seen on the chart, and now we are managing our position. If you missed our last call, the link to it is below. Now it’s not time to buy BTC, neither to short, we are just managing our position, when the time to sell comes, we will know. Let’s look at the hourly chart, as usual: The price found a resistance at the orange line, which is a previous top, and did a pullback to its supports, namely the blue line and the purple trendline. BTC respected its supports, and now it seems it found resistance again at the 21 ema. It is still a bullish trend, and there’s nothing for us to worry about right now, and our trade is giving some good profits already. So that you don’t miss any of my future calls here, remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
6
BTCUSD BITCOIN Technical Analysis: Top of Ascending Wedge!!BTC seems to have formed an ascending wedge formation since the sell off on 10 May 2020, which is traditionally a bearish omen. Now, BITCOIN BTCUSD is currently testing the top resistance of the wedge @ 9930, for a breakout above it, look for an hourly closing candle above 9930 - 9950 region for a BUY opportunity. From there, we look for BTC to retest the major resistance @ 10000. A rejection by the wedge top would bring u to the nearest support @ 9550 - 9600 region, which coincidentally overlaps with the 50 moving average (MA) line, further strengthening this base as a strong support, offering us a quick SHORT opportunity. Therefore, I would not suggest buying in at this time, but wait for the pullback to the bottom of the wedge then rebound confirmation OR a breakout above the wedge with bullish candle pattern confirmations. As always, trade carefully and with stop loss orders. Feel free to like my post if you like what I shared, thank you! Best Regards, GOLD D ROGER A humble, beginner trader
BITSTAMP:BTCUSD
by Gold_D_Roger
EYES ON THE PREY!Ok, so BTC reached our first target yesterday, and today it’s doing some natural correction, and this is expected. If you missed my latest analyses, the link to them are below, and remember to follow me to keep in touch! My twitter has some interesting stuff too, go there and check it for yourself! At his moment the bears are struggling above the blue line zone, and the price is moving sideways, doing what could be an accumulation or distribution, we don’t know for sure . In any case, let’s see the daily chart: The volatility is increasing, and the candles are getting bigger, if you compare with previous days. The good news for the bulls is that BTC found a support at the light blue line again, and the candle left a shadow behind. But, as I said in my previous analysis, I wouldn’t be surprised if BTC did a pullback all the way down to the green trendline again, and the bull trend would still be very strong in my opinion. Also, it’s nice to notice the candlesticks patterns I pointed using the black arrows, because we traded them all! Again, all the links below. Now, let’s see the weekly chart: Last week BTC failed in close a candle above the descending channel that has been haunting us for almost a year now, which was quite disappointing, but now it seems the bull have a real shot here. I’m naturally an optimistic person, yes, but I have a special feeling about BTC. If we escape this descending channel, the main target for this trade is the U$ 14k again (blue line), which means a 40% upside. I’ll not even talk about the U$ 20k, let’s keep our eyes on the prey, not the horizon , but either way, BTC has a lot of potential! Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
First target: REACHED.Hello everyone! The bulls are on fire here! In my last analysis I told you guys I wasn’t expecting a fast recovery here, despite being long, and I was ready for some sideways movement. Fortunately, I was wrong ! And most important, BTC hit our first target, which is the green line. Also, if you missed my last analysis, the link to it is below, and remember to follow me to keep in touch with our trades and analyses. My TWITTER has interesting content too, go check it ! Now, BTC hit its first target and you could’ve sold your position if you are a swing trader, like me, and wait for another opportunity, and that’s fine, but I think it’s worth to wait for a bearish sign, because in my opinion BTC still has a lot of potential. It’s interesting to notice that it found support at that blue line, which was previous bottom in the past, and the price is getting closer to the 21 ema, while trading between the green and blue lines. Maybe it will form a pennant here, but we must wait a little more for more confirmation. Now, let’s see the daily chart: We see that BTC is trading above the green trendline, the 21 ema and the light blue line, and that means the bulls are very strong here, and as I said, I didn’t expect that. In my opinion the price could sink all the way down to the trendline or the 21 ema and the bull trend would still be strong. The real challenge here is to keep the price up and trade above the pink line, then we will see another pivot that can lead BTC far beyond the U$ 10k. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
2
INTERESTING BOOKSRemember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
7
BTC - An opportunity!Ok, so BTC hit the black line again, and now it’s time for us to know if the bulls will manage to pass through this resistance. But first I invite you to follow me to keep updated of our trades and analyses, I’m every day here, talking about the market and my trades, so you are welcome to join us. Check the links to our latest trades below this analysis. I find this black line in the hourly chart quite important, since it was support and resistance in the past, and now it seems it will be another resistance. The good news is that the price is trading above the 21 ema, and it may support the price, along with the blue line (previous top). Now let’s zoom out and see the daily chart: BTC hit the pink line and did a Harami, which also was a double top in the hourly chart that triggered our last trade here (link below), and now it triggered a Bullish Engulf, above the 21 ema, above the green trendline. The last two red candles here left some big shadows, which is amazing . It means the bears put some real effort in their attempt to drop the price, but they were ultimately defeated by the bulls. It’s a long trade in my view, but as I said in my last analysis, I’m skeptical about a fast recovery. I think it would be nice if the price “rest” for a while, and it could even lose the green trendline and hit the purple or blue lines without ruining the bull trend. That’s my view, and like it if you found interesting! Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
3
Will the BULLS come after the HALVING?That’s the pullback we all wanted! And when I say “all” I mean even the bulls or the hodlers, for the price needs a rest sometimes, and the asset needs to become more attractive to the eyes of those who are out. Then, new buyers will come, and the price will have the strength to rise again. What we saw this weekend was a mini crash, because of all the expectation towards the halving, and with such volatility comes the opportunity . Notice the long shadows it left after it hits the green trendline, this is a sign that the bears couldn’t sustain a fight here, and they were dragged out of the battlefield by the bulls. Now it seems is doing a bullish engulf. If I were still short in BTC, I would get out if this pattern is confirmed. I was short recently, as I said in my last analysis (link below), since the price confirmed a Harami under a resistance and a double top in the hourly chart. Also, I invite you to follow me to keep on track, I do daily analyses here and you’ll be updated of our trades. Now let’s see the hourly chart: See that thin black line, that is an important zone to be surpassed, and above that point is bull territory. Also, notice how that red line served as support, and how it almost didn’t - it was so violated that it almost doesn’t makes sense anymore, but I’ll face it more as a price zone around that red line than a specific point. And that’s all thanks to the volatility the halving gave us. In my opinion, BTC is a long trade, but we will have to be patient and I’m skeptical about a fast recovery here. Nevertheless, this mini crash gave us an opportunity here. Be safe, be calm and patient. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
The OBVIOUS trades are the BEST ones.Since our last long trade (about 10 days ago!) I thought it would be a good idea to wait for the next interesting move. The links of our last trade, the entry point and target, are bellow. We did catch a bull trend from U$ 7k to U$ 9.2k, and if you missed it, remember to follow me to keep updated of our trades and analyses. And just as I warned, BTC did a classic double top pattern (which seems to be an Adam & Eve type) under that pink line we draw earlier (previous top), after the price fails to stay above the ascending channel. And that’s the kind of obvious trade I like! I warned about this trade in my last BTC analysis, and again, link bellow. You could’ve shorted when it confirmed a pivot, or wait for a pullback, but keep in mind that Adam & Eve double tops have a pullback rate of 64%, so, there’s a chance it won’t happen sometimes (in this particular case happened, so there’re no excuses here). I’m out already, I’d put a buy order at U$ 8590 (red line). I saw an opportunity to hedge my positions in other cryptos with this move, and in the end, I even could manage to profit a little with all of this. More details about it in future analyses, keep in touch! But for now, let’s see the daily chart: A Harami under the pink line, that’s the kind of dangerous sign the bulls should be afraid. Also, it was triggered when the price lost that blue line (harami’s low), which is the same point it did a pivot in the hourly chart. Coincidence? No, this is the bears coming. Now we should just wait for the next move. The next supports are the trendlines (green and purple) and the blue line at U$ 7,481 (previous top). Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra