BTC (Y20.P3.Video5).Here are the signs and when to enterHi All,
This video is technical analysis but also a training video in some ways and\or a guideline on what to look for to enter this pullback.
Newbies, don't miss this lesson.
I might be a good idea to do a followup video later on and talk about the lessons learnt, so those who are interest, please say yes below.
I'll leave at that as the video explains the key points on the BTC price chart and what to look for and why?
Cheers,
S.Sari.
4 HRLY chart with moving averages as support + looking at the indicators reversal sign
12 HRLY chart with moving average as support + looking at the indicators reversal sign
Overall lines
Why the daily is not considered
Btctrading
BTCUSD Technical and Fundamental AnalysisA very Good Morning to everyone! Hope everyone achieved their take profits today = ) and remember to like and follow if you enjoyed what you see!
On the daily D and H1 Time frame, BTCUSD seems to be doing well as I expected, breaking out of the channel with strong buying pressure as described in my previous post.
Now we look towards for BTCUSD to retest @ 10300 resistance line, a safe LONG opportunity would see us a closing BULLISH candle pattern above @ 10350, and for more moderate traders who want to be really safe: a close above 10500, a peak that was last touched but rejected in Mid - Febuary 2020.
To watch for:
- A close above 10500 --> LONG opportunity to next resistance levels @ 12081 and @ 13000, the historical highs that were last touched in July-Aug 2019 but proved to be a major resistance level to be retested again
- A rejection at the 10400-10500 level (nearest minor resistance level) would see us a SHORT opportunity to targets of nearest support level @ 9518 or even lower @ 8500 --> Would wait to see a rebound from those levels after that in that case
(Personally I would not take any short positions with the halving only a few days away, do not want to risk a sudden spike or bull run)
Technical Indicators (LONG/BUY):
- MACD showing us a bullish green
- Stochastics pointing out a very BULLISH pattern with points high above the 80 benchmark --> 91.88 at the moment
Overall, the odds are in the favors of a strong BULL.
Here are my two cents for BTCUSD, hope y'all enjoyed what I shared. Feel free to comment and feedback! = )
Regards,
Gol D Roger,
A humble beginner trader
IMPRESSIVE! The BULLS don't take a BREAK!Hello everyone! The bulls are strong here on BTC! They managed to keep the prices up, even after a very strong bullish trend, which is impressive. We did catch that bullish trend by the way, we were long from U$ 7k to U$ 9.2k, and you can check how we did this trade in my previous analysis, links bellow. Also, remember to follow me to keep in touch with our trades and analysis .
You guys know my trading style. I’m a swing trader, I like to surf a big wave, instead of day trading and trying to earn money from the noise; Also, I use a no-indicator approach, the price and the volume tells me everything; And I use 3 main time frames to support my decisions. I’m a simple trader.
Now I don’t see a huge opportunity on BTC, and in my view there’re more interesting assets to trade right now. But BTC keeps doing some very technical movements, let’s see the hourly chart:
Now, BTC seems to be trapped inside an ascending channel, which is good news to the bulls. There’re clear supports and resistances, and if the bulls keep the prices above the U$ 9,485 it will be phenomenal.
Speaking in phenomenal, if we look at the weekly chart, we can see the huge potential BTC still has. Just take a look:
I think there’s nothing to say here. We may see BTC hit the U$ 20k if e escape that descending channel, and it seems we will do that. Keep your eyes open 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.
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Bitcoin Bull BreakBTC bull break from the rising wedge, testing a little resistance in the $8150 area now then we're free untill $9250. RSI's are getting overbought as the move keeps going with little to no consolidation. First 5 minutes oversold after a bull run is key for a short term bounce. Bulls who entered in the breakout should plan the stop-losses, if you're going with the daily, 4 hour, 1 hour uptrend. With no resistance till $9200's the price can move easily as shorts have no point to put a stop-loss.
The EMA 12 has been a rock solid support in the 4 hour.
BTC Finally making its move!Ladybugs and germs,
We have a pattern within a pattern within a pattern. We are back in the upward wedge, which has formed in a declining wedge, which has formed in a symmetrical triangle.
Looks like BTC, after shaking out leveraged longs with its move to $6,400, is now headed to .... drum roll... the 50 weekly moving average (in green), where I believe it gets rejected. I think that it probably gets there when the 50 intersects with the top of our channel. At least that's what the Stochastic RSI is telling me as well as the RSI.
The stochastic will probably make it to 61 and then get rejected. Similarly, the RSI looks like it's going to hit 55 before being turned away. So, based on this weekly chart, I think that it's good to be long for the moment. At least for the next $1K in price action.
Interestingly, this rally looks to continue until the halving, on or around May 12. And then... in good ol' buy the rumor and sell the news fashion: probably a dump. To where? I don't know, but the 200 Weekly is as good a target as any. By that time, it will probably be at around $5,800 - $6K. Finally, we will probably be in the symmetrical triangle until the fall. The vertical line is my estimated break out (or break down!) date, out of this triangle.
Happy trading and stay safe!
The Different Ways To Trade The StochasticsCryptohopper Newsletter
The market has been very volatile over the past month with Bitcoin crashing 65% to 3,800$ . The price has since made an astonishing 80% recovery in one week from March 13th until the 20th. Following the recovery to almost 7,000$; the price has continued to range between 6,900$ and 5,600$. During the crash, many traders have attempted to buy the dip, just to see it dip even lower. Today we will explore how you could mitigate this risk by using stochastics with region crossover.
Without further due, let’s get into how you could have traded this past month by using the normal stochastics and the stochastics with region crossovers.
Different stochastic strategies
There are many different ways to use stochastics. Today we will explore 2 of them, along with their advantages and disadvantages:
Stochastics oversold: This strategy involves getting into a position when the stochastics drop below 20.
This strategy works better when the broader trend is in your favor, as it is expected for the price drops to be shortlived and to continue moving higher. The advantage of this is that you will be getting in at the lower prices in an uptrend.
This strategy can be very dangerous during a market crash though, or when the price is bearish in general as you will be getting in the trade, while the price will continue to drop further . This can be seen very well in the first three trades where the price continued to drop lower even though the stochastics were already oversold.
Stochastics with region crossover: This strategy involves getting into a position once the value of the asset in question rises again above 20.
This strategy can work very well in a downtrend but also in an uptrend depending on the severity of the pullback. In a downtrend, this strategy increases the probability that you are entering the trade only when the momentum is back in your favor. This can be seen by the first three entries in the graph where the buy point was 7%, 8%, and 16% lower than with the oversold strategy
In an uptrend, if the pullback is very large then this strategy will again ensure that the price will not continue [/b its descent once you enter. However, if the pullbacks are not very severe, then you will enter at a worse price point.
Overall the stochastics with region crossovers is more conservative and can lead to higher profits when the markets are volatile, as it is the case right now. Join us at Cryptohopper, where you can automate both of these strategies along with many others!
BTCUSD, I EXPECT A TURN IN THE MARKET!!Hello guys.
This is my idea about the BITCOIN market.
I expect a turn in the BITCOIN market !! 9 MARCH!
Why i think that?
1. We see a parallel uptrend channel that as broken
2. We got a retest before the breakout of the uptrend channel so normally the real retest will come..
3. The last 5 years i did research and a learn al lot about Gann trading.. with succes!
REMEMBER: 9 MARCH TURN IN THE BITCOIN MARKET ON DAILY CHART.
I hope i can help some people with sharing my idea about this market.
What if BTC stayed SUB-8K for NEXT 5 YEARS?! Ultra Bear Scenar.What if we didn't see these prices again for five years? Do you think you'd stay in Bitcoin for that long? Why? Why not?
I seem to recall seeing a chart somewhat similar to what I've done here many moons ago, but I don't recall where or how.
But it paints quite an "interesting" picture to put it mildly...
Bitcoin seems to Love patterns - sometimes called "fractals..." This isn't something I'm going to go into too deep here, but, it is my belief that the trajectory outlined above is one which any reasonable mind could deduce and conclude, based on simple reason and observation (and a little creativity :)
Basically what we're seeing in this chart is my inferences based on the previous patterns and moods of BTC: showing we might be entering a serious if not the "final" stretch before we travel up to that final plateau of 100k.
But it appears the journey there may be panning out quite a bit different than I I had anticipated... Though, if I'm honest, almost the very moment I drew this chart, and saw what it seemed to be telling me, you wanna know what I felt? I felt Relief... Why? Because it just seem to make so much sense...
As unpopular or "unexciting" as a 4 year Bear Market may be, it surely isn't something any hodler of said asset would probably want to hear.... BUT, I truly truly believe that if this thing is to be around for the real long haul, this could turn out to be a very, very plausible scenario.
I like to call it "the battle of the halvenings" (denoted by the Vertical Orange bars...) And this "dead zone" looks like it will basically persist between the next Halvening event and the following one happening in around the winter 2024, possibly not even reaching our Present Levels of 7.8k USD for another year after that ! It is true these "calculations" are certainly rough; but, they are close enough to get the idea, surely.
How could this be good, you say? Well, it will be a REAL period of "relatively" stable currency, for one - evening out at around the 5K median or so... Also, this would give plenty of time for True, not only adoption, but actually Building the technologies to be adopted. After all we're Just now really seeing the space truly start to spread its wings... During this time a Stable currency with a period of "head down, eyes forward," in the scheme of things, five years is Nothing....
I'd love to hear others' thoughts on this...
Tl;dr: Bear Market next four years between the Halvenings... Won't see 8 again for years... Old ATHs not returned to (i.e. 20K USD BTC) until Summer 2027ish, and then soon after, 100K by that Fall.... Am I off? Wayyy off? Little off? Iknow I'm "off," but, you know what I'm mean, ya'll... ;))
Thanks for reading!!
Donations:
BTC: 17NMvqjzNqjLrANAU6YPdfUa1kmnzKDwhp
ETH: 0x58535641d4977684e5FbE82249b2eB6505a16953
"We're goin Down, ya'll!" (But then back up with mega force :)I suppose my prior analysis was reasonably close (even though being still pretty new I ended up doubting myself, fomoing out, and messing up the trade :/ learning once again that if I just would have held off it probably would have worked out. Not to mention not having to have paid all those pesky exchange fees, etc. :/) Anyway.
So the (inverse) head and shoulders didn't complete as expected; we're going back down.
If we look at both the Price, and the Relative Strength Index or RSI, we see that he former had formed a First Lower Low, and as designated by the Red Line, I expect it to now complete a Second. This I expect we'll drop down to just above the $6300 range to create that Second Lower Low in PRICE.
The reason I'm pointing this out is because if we compare BTC's Price Action to its RSI, we'll see that the latter is itself forming Higher Lows. And we know if we have: Lower Low in PRICE, combined with Higher LOW in Indicator (RSI), it is a perfect setup for a Standard Bullish Divergence. So it is my estimation that If Bitcoin's price were to drop by about 1000 dollars to around the 6300 USD range, this would also likely drop the RSI about a similar distance (see chart). Creating a Third Higher Low on Rsi.
So looking at the chart we see: if Bitcoin's Price drops to around the 6300 USD level, bringing with it a commensurate decline in the RSI, this would create a "textbook" setup for Standard Bullish Divergence. At this point Bulls would be in "possession of the ball" so to speak, and in prime position to do a take off to the MOOOOOOON!!!!! (Or at least ready to check the engines ;)
tl;dr: Short till ~$6300; then Moon! (back to above 8K - at which point we'd take another serious re-appraisal :)
Happy trading!
(This is all speculation and not professional trading advice. Merely some observations and personal opinions which may or may not be of interest to others.)
#BTC #bitcoinforecast #cryptotrading
Bearish Days... Do MAs Tell the Story?Been some Pretty slowish days as of late - despite the recent run-up we had the other day. Will it stick? I have the idea it will not... Here's why:
I came across a this dude on YouTube, Oliver Velez; I don't know if anyone has ever heard of him, if he's legit, or a total scammer - I don't know. All I do know is that I'm relatively new to margin trading, and I'm trying to be like a sponge, absorbing what I can, and leaving what I don't need or doesn't work in the bin. So I figure I'd give this dude a try,
Basically, the strategy is based on what he calls "Power Zones" (sounds cheesy, I know; but hear me out), which can be remembered by "Three Fingers:" 200 MA, 20 MA, and Price. When these three factors are in that DESCENDING order, and the 20 MA is falling , you're in a SHORT "power zone." And then the reverse is also true: when the 200 MA is on bottom, followed by the 20 MA above it, then Price, you're in the "long Power zone." According to Velez, the narrower the three components are together, the "more power" there is - kind of like a coil charging up energy to be powerfully released.
Now, Velez is trying to sell you something - some kind of course of his at the end, probably connected to some affiliate exchange/ trading platform, which is why he advocated using this method on the two-minute chart...(!!!). That's a bit too "high volume" for my blood...
So stepping back a bit and looking at the Daily, we can surely see, if we are using the "power zone" method, the bears are surely in town: as the Price is closing BELOW the 20 MA, which is itself below the 200. And they're all nestled close together, as the 20 MA is descending... Looking like some discount bitcoins is in season!!! :)
You all like Moving Averages? The thing I'm leery about with MAs is that they do seem to be what some have referred to as a "lagging indicator," meaning, it's only really telling you something was a certain number at one time, so it might be close to it again. Or is there more to it? I think there is... it's all about the relationships of all these various factors, I think.
So we'll see how Oliver Velez's method pans out. Seems to make some solid sense, and be a legit general method to follow. So good so far! :)
Tl;dr Falling moving averages point to further price descension based on the theory of MA "Power zones". By my estimation, it is likely we will "drift down" over the course of the next few days or so, kind of like we had over the previous decline; coming to at least $6400, but likely lower with time.
Thanks for reading!
Renko Bricks Seemed to have Panned Out!As we are seeing in the recent day or so, it appears the double bullish divergence called has played out after all - resulting in an over 6% rise in price at the time of this writing.
So let's stick with what works, eh?
Returning to Renko, just plotting out some possibilities seems to show this bullish trend extending Bitcoin possibly up into the $7800 -$7900 range over the course of the next few days to a week. And this is exactly what I'm thinking will occur. I've put my money where my mouth is for the time being at least, and am sticking with my long position.
Happy trading, all!
BTC (Bitcoin) analysis 14.11.2019Bitcoin climbed above the $9,000 mark on Sunday, November 10 and ended the session at $9,029 with a 2.5 percent increase for the day. Still, it was 1.9 percent down on a weekly basis.
The most popular cryptocurrency opened trading on Monday, November 11 with a huge red candle on the daily chart after bulls were once again rejected around the above-mentioned critical level. The BTC/USD pair erased 3.5 percent of its value and stopped at $8,718.
It entered a downtrend on November 4 and we were already looking at the 50% Fibonacci ($8,465) as the next support zone.
On Tuesday, November 12, the coin was trading as low as $8,555 during intraday but managed to close with a slight increase to $8,809.
Bulls returned to losing ways in the mid-week session on November 13 when BTC dropped further to $8,749.
We are obviously in a downward channel, still, I'm bearish to neutral in the short-term given the current setup. We already saw BTC trading in a similar way in the $8,500-$9,000 zones before.
The 50% Fibonacci level is still in place as we expect a further drop to mid $8k levels and consolidation before going up.
BTC- Short timeframeThis is a continuation of my first ever post minutes ago.. this are my targets.. my resistances at red and the bullish support at black where i will be rethinking on my bearish sentiment if that line doesnt get break down in the short-mid term.. in the end im thinking simple as i always try to do so in trading ... if my short time frame resistances dont break in short term like the 8.9k and 9ishk i belive we will get pushed down to that channel of 7.8k - 8.7k again and confirming my theory that the bearish market is still a few months away of ending .. Simple strategy 8.9k - 9k resistance if btc cant pass from this shortly we mostly will se a down movement to 8.4k or 8.5k and after that 8.7k becomes resistance and the stair pattern like this to the previous low of 7.4k where i think we will break down with capitulation fase of bear market to 5k-4.5k and start the new steady and rising bull market .. Please comment your opinions good or bad about this .. it can be TA opinions or fundamental oppositve or in favour i just want to discuss this view with others.
Bitcoin (BTC) already looking at $10k and $10,500BTC successfully rebounded from the 61.8 Fibonacci level on October 23/24 and after registering a small loss to $7,433 on Thursday, October 24,
The work week ended with a bang as the BTC/USD pair formed one of its largest candles ever and added more than $1200 to its value. The 16.5 percent increase helped the leading cryptocurrency to reach $8,658.
On the first day of the weekend, Saturday, October 26 it extended the gains and moved above $9,000 to close at $9,253. The coin added another 6.8 percent to its value and was trading as high as $10,344 during intraday.
Bitcoin was trading higher on the last day of the week and reached $9,550 closing the 7-day period with a 16.5 percent of increase.
Bulls need to consolidate above $9,700 and attempt a move towards $10,000 and $10,500 in order to confirm mid-term bull run.
Bitcoin (BTC) still in no mans land - price analysis 21.10.2019On October 17, bitcoin regained its position above $8,000 and ended the day at $8,070 as the major support level did not crack under bear pressure.
On the last day of the workweek, BTC hit $7,800 during intraday, but limited loses to $7,950. Neither bulls nor bears were able to take over control and establish a solid trend.
This was even more obvious on the first day of the weekend, October 19 when bitcoin closed with almost no change after trading in the wide range of $8,100-$7,880.
It recovered to the levels above $8,000 on Sunday, October 20 and closed the day with a 3.4 percent of increase to $8,239. BTC remained flat for the 7-day period.
The short-term downtrend is broken as BTC successfully rebounded from $7,800. If bulla ger again rejected at $8,300, we can expect a drop to sub-$8,000 levels. If not, it will require additional efforts from them to consolidate above the mentioned level and form a trend.
Bitcoin Entered Decisive Phase $20,000 or $6000Bitcoin is pretty much harmonic in past few month. Many Bat and Gartley patterns are successfully printed on the chart. This time bitcoin is showing the formation of Bat pattern which is mostly likely to touch two very important levels 11300 and 12000.
Intresting facts is that last two pattern printed by bitcoin are both bearish patterns which is holding support levels around 9500. This support and resistance levels (showin the chart) are also forming descending triangles roughly which is makes my analysis more contstructive.
What I advise is that we should hold bitcoin for atleast 11300 level because bitcoin is about make a bigger move in this year end which will be defining the next year support level. Dont hesitate to hold bitcoin inspite of daily +-$500 movements.
I believe the same scenario of 2017-2018 will be repeating it self, bitcoin will be touching greater price levels after breaking out from the descending triangle pattern.
I am keen to hear from you, what is your idea about bitcoin in last quarter ?
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Correction headed...!!!!a correction is overdue this rally of BTC was just mind blowing and what we should expect from BTC.
But after a good rally comes a correction which is headed
we expect a 25-30% correction and even more this and next month period of time.
and also we have our stops as it is BTC.
and in this period of time alts will rally good so hodl your alt bags.
Bitcoin has three options...There's multiple realistic options that I can see happening but these two are what I'll be looking at. We bounce off the 22 EMA go for a retest of the short term top. We will see either a rejection (red) or bull break (yellow) with bulls targeting the meme number of $15k. From there it's anyone's guess as to what will happen. Personally, I feel a consolidation period coming within the next two months before the show really starts this fall/winter. The third option would be a bear break and from there I'd be monitoring volume.
Bitcoin Full Elliot Wave Analysis (BTC)Bitcoin long term analysis.
You can see my whole setup from the all time high. It might be too chaotic and messy to see, sorry for that. But if you know Elliot wave count, I do not think there will be a problem.
After the all time high I suppose WXYXZ full correction happened. Before finishing the Z wave $6100 area was holding the price very long time, but when it break the support with triangle correction patter it made a huge dump to $3200. For me, Bitcoin finished its WXYXZ correction on $3200.
Recently it broke the resistance line and huge spike has occured. I see it as impulsive wave and need a decent correction to enter long position. It might be the start of the next huge movement, but need the break $6100 area, previous support, as confirmation.