Previous mission complete. Let's continue the moon mission.We bounced in the previous area i highlighted but didn't hang around long which indicates strength to me. I expect we slowly move upwards from here and eventually retest the local highs around 10.4 - 10.5 maybe early next week. We have the weekend coming up though so maybe we'll see some high level shenanigans to shake the tree a bit more but ultimately the trend is up for me. Let's see. Good luck folks!
TA
Huge R:R on this pre-halving retrace and .5 Fibonacci daily testThe bitcoin's halving has historically been a key event for bull markets (as happen with LTC the past year)
During years all the halving have a pre-halving retrace, and should be this one. (If not, we will try again around the $8200)
Bitcoin is showing weakness during the past few days, but for us, this is near to go hard up!
The RSI and stochastic are in huge levels to buy, also, the market sentiment is becoming to much bearish, for sure a good chance to counter trade over the 8200 targets.
On the daily chart we already test the 200MA, and for me this is part of the wick into this level, taking as ground the 0.5 Fibonacci level, based on the last low of 2018 around 3000's and the higher of the past year near to the $14.000
This is a really simple setup with a high R:R ratio
Targets
8650 - Breakeven stop
8800 *Stop TP1
9200 * *
9500 * *
10500 * *
12000 * *
Moving our stop loss every target to avoid big losses
Falling Wedge on BTC? Are we headed for the low 9k's?? We've now made a LH and a new trend line drawn in, which looks to be potentially forming a descending wedge with our new green downward parallel channel support.
I'm still not discounting we go over 10k again in the midterm, so don't call me a permabear, because I'm not, but for now the weakness that BTC is showing (at least short term) suggests to me we are headed down a bit more.
We need to hold above 9525 IMO to invalidate this next idea and break above 10,480 for this direction to be considered bullish, but right now i'm not seeing that happening.
Keeping in mind, we may not even create this W bottom and just go straight for the jugular around 9125 - from there i'll be considering my longs.
Could we see a W bottom play out like we've seen on a tonne of alts lately before another crack at 10,450?
I
BTC long term ascending triangle soon closng on logaritmic scaleHello fellow cryptoers.
Disclaimer; I have little to no idea what I'm doing.
I noticed this large ascending triangle when using the logarithmic scale, that is soon to close (fully closed by the middle of june).
As this one is ascending, it can be expected for the price to break upwards.
Please tell me if you think I'm onto something. Hopefully someone more knowledgeable can clarify any mistakes, or add onto the TA.
Trade safe!
A full and quick view of the panorama for BitcoinGood morning, I hope everyone is well.
Taking a look at bitcoin in the daily chart , we can observe a clear ascending channel , through which bitcoin has been dancing between supports and resistances.
The much respected golden cross is happening on the daily chart , which boosted us to 10,300 with a strong pullback at 9,280, an area reflected in the chart as a good medium and long-term shopping area for swing traders, taking as stop loss or invalidation point 9,070. With the advantage of having the 200MA just around 9,400 in the 4-hour chart.
In addition, in the 1-hour chart, for scalp lovers, we could suggest a ticket between 9,600 / 9,550 with a small stop loss, to try to take a good position in the short term.
** An important point to take into account is that we are below the .382 level of fibonacci in the daily chart (Taking the lowest point of 2018 and the highest price of 2019) which could be used for a perfect setup for bearish operations. Using 9,840 as an invalidation point and aiming at 9,200 and 8,500.
Only if we manage to sustain the price above 9,800, can we consider the objectives of 11,400 and 12,500.
At the fundamental level, we must keep an eye on pre- and after-halving behavior.
Where is USDJPY heading to????As the price is now above a major trend line resistance we might see some further push higher in USDJPY, a short term short is my view as DXY is in a high point and a short time drop might be happening soon helping this pair to drop looking for the previous trend line as support to keep pushing higher.
If you like my idea, comment, give me a thumbs up and support my work.
Wish you all a great weekend!!!!
AMD Pushing For All-Time HighGood morning traders,
AMD recently updated the public with some pretty big news in regards to the Google Cloud platform.
Pattern Recognition:
- Bilateral Ascending Triangle
DotomJack
As always, please do your own research prior to investing. I'm not providing financial advice nor am I a financial adviser.
HBAR - Rising Channel (Wedge) BounceHBAR is displaying another rising channel, the first one turned out to be more of a bull flag and reached it's target exactly at $0.048.
We now have another rising channel, but this time more of a Wedge shape, which indicates there maybe a bounce from to the top of the wedge as shown.
Trade with caution, this chart does not show what will happen after the wedge is complete, only the possibility of a bounce.
Perspective using Pivot Points (monthly analysis for feburary)~ First of all important to note, today starts a countdown: 100 days until block reward halving.
This is a very serious bullish fundamental event for bitcoin, miners will have their rewards halved directly lowering sell pressure.
I'm very curious to see how this event will affect the market this time around.
There's more liquidity, ways to participate and speculators than ever before.
CME, BAKKT, CBOE, various ways to trade options etc. and billions of dollars flowing through margin trading platforms.
This doesn't mean BTCUSD can't plunge and punish margin longs, I just don't think such a move will be sustained at this point.
I think bitcoin will start consolidating and building a base for a new bull trend this year going into next year.
~ Last month I talked about moving up to the daily 200SMA if we closed above the 377EMA.
This target has been reached and overshot.
After that price rushed up to the monthly R3 followed by a retest of the 21EMA and eventually breaking the R3 and resting above it until the end of the session.
Now we have our new monthly pivot points.
~ How I see this month playing out:
If we close above the new month's M3 (~9400) , likely see a move at least to R1 (~10300) and likely higher if we build a higher timeframe uptrend (higher high if close above 10300)
If we close below last month R3 (~9300), likely see a move to the new month's pivot (~8500) and lower if that's violated.
I also see potential bearish divergence developing on the Stochastics.
Bear in mind this is not confirmed until we confirm a lower high.
~ If you would like to see more, monthly, possibly weekly analysis please show your interest by following me/liking this post.
> Not financial advice, I'm not a financial advisor. <
Fit simple TAFIt has been in a clear bull flag since Nov. 2019. With a close over the 50 day and above the bull flag we may see a breakout. Due to current market conditions this could be delayed/halted, but in the long term FIT will run up early-mid Feb. .
January Update on BTCHey guys,
as always, thank you for taking your time.
This is a short update of about 10 minutes, which I do every one or two weeks.
Thanks for all the messages and the feeddback, our little community is growing (about 100 on TW and few hundred all togheter).
People messaged me and asked for videos about Altcoins, gold, stocks and so on. Can I do it? Sure!
Just write it down in the comment section and like what you wanna see next, so I do know what to work on.
In this video we are discussing Resistances and Supports and what they mean when the price is moving up or down.
The 9000 call hit just perfectly, thank you for checking it out, too!
This is it for today, see you in the next one,
your quality trader
GBPAUD Long IdeaHere is an idea: GBPAUD Long. Why you may ask, here are a few reasons:
- UK General Elections on December 12th (current predictions are Tories winning the elections, and market wants Tories to win)
- December 15th Tariffs (Trump still hasn't taken a decision on what to do with December 15th tariffs, most likely I believe he will keep them as tensions has started to rise a little bit between the 2 countries)
- China (CNY) Exports numbers weren't very good, and by direct correlation AUD gets also impacted negatively as AUD and CNY are partners.
Let me know what you guys think, any comments, fell free to let me know.
XLM/BTC | Key Channel AnalysisWaking up to a smile is nice, the market looks nice and may have everyone yelling HODLLLL. I don't get excited when I see all this "hype" produced by these noobs, analysis and trade. If a coin is going to moon then wait for it to break channel resistance if it's such a sure thing, that goes with any stock/etc...
This analysis is just to show you key levels of support and resistance. If we can hold this channel, you see your buy and sell zones :)
DotcomJack
As always, I am not a financial adviser nor am I providing financial advice.
Matic MATICBTC Fibonacci cluster + Price Action targets.Fibonacci study charts modified version with price action targets.