Another uptrend ?Looks like 1H wants another up trend here ...
Rsi is forming an up trend wedge here ...
Since we break ichimoko cloud and we have dynamic support of ma 50, there is a chance for another up trend ...
Possible targets would be 9400, 9500 and 9600.
If we lost ma support and break the ichimoko cloud ... or even touch the bottom of it, it means up trend rejected ...
For now rsi wants up trend, by these supports and resistances I can confirm that ...
In the other side I will change the way if rsi break the resistance ... as you know ... we are going down ...
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
Xbtusdt
Daily possiblitiesIts horrible ...
Wedge patter in market or divergence in rsi and ma strategy?
We have different signs here ... they are strong signs in each side.
Personally I think we are going down because we have more possibilities for short here ...
Lemme tell you them:
1_ Rsi divergence
2_ Fail in breaking local resistance(10k and 10500)
3_ Ma strategy(we lost support of ma 50 and it means there is potential to touch ma 200)
4_ Short sign by cmf strategy
There is some chance for up trend too:
1_ Up trend wedge pattern
2_ A chance to break ichimoko cloud(We are in the cloud for now ...)
3_ Some fractal ideas because of staying above 9k
4_ Candle engulfing
I didnt found any thing yet ...
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
Ichimoko cloud rejection ?????Ok this is really interesting ...
As you know ichimoko cloud is a really strong signal for bullish and bearish ... its all depends on the price and cloud ... above or below ...
Rejection happened while price is lower than ichimoko cloud ...
This is a strong bearish sign ...
Breaking ichimoko cloud will head us for a new up trend ...
Personally im in bear side ...
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
There is one thing which can change the way to up again...There is one thing which can change the way to up again, Ichimoko cloud(This old guy)
If I see a confirm support of ichimoko cloud I can say that bulls are still here.
But for now ... im telling you guys ... dont enter long ...
High divergence in rsi, descending signs in cmf trade strategy and etc ...
Im not gonna enter long in daily ... maybe in lower time frames such as 1H
I have to include this one ... we are living in a big range for now ... daily went to the range and macd confirmed that ...
So I can see a really big trend here ... which way ? Even god doesn't know that ... but im in short side ...(I will be a god if I say that right again :D)
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
Long? I dont think so yetAs you can see it goes well with my strategy, it would be the time to enter short to 9 and 8900 again.
You can easily see the respects to the lines in rsi.
BTW we are still in the range ... cme gap and weekend are close.
(Although this pump we saw could be our cme gap)
But what about our weekend? we saw several times price moved down in weekends ...
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
July, 5. Bitcoin exit strategy.Hello. Bitcoin chart analysts, investors. I am XBT Laps. :)
XBT is another name of Bitcoin. Laps mean a nurturing environment(like a mother's knee).
(As a person studying charts, I looked at it with a beginner's mind, so I ask for your patience and understanding even if the content is insufficient.)
Exit strategy is to minimize the economic damage and restore it to its original state. The economic means of using an exit strategy is seen as the beginning of a long-term rise. Charts are used as exit strategies such as mass inflow of assets into the cryptocurrency market, rise in the value of Bitcoin as a hedge measure, triggering positive sentiment through the news, and inflation due to quantitative easing in the world(inflation, falling currency values in each country). May be reflected in In general, if you use the exit strategy earlier than it should, the recovery effect will disappear, and if you use it late, you may fall back to stagnation. As a result, if Bitcoin falls below 8K, you may encounter a situation where it is difficult to rise above 10K. As such, Bitcoin, which is a creature that constantly breathes 24 hours a day, will reflect the technical analysis and market sentiment, and we will face the point of naturally exploring the exit strategy.
The premise of chart analysis is as follows.
-It is a downtrend to check the bottom. (The current flow must be a sidewalk that forms the bottom right.)
-We supported the centerline of the downtrend. (Even if you come down again, you still need to get support from the downtrend line.)
-Breaking the top of the downtrend. (It seems to be breaking through the top, but if you turn it back, the downtrend is not over.)
If I look at the chart in two parts according it is as follows.
-We are moving sideways on the downtrend line.(First 1~5, Second 1~5)
-Escape from the downtrend line.(Third 1~5, fourth 1~5)
-1~2 is a technical rebound in a downtrend, and 3~5 are adjustment at the support line, and the flow of 1~5 is repeated.
-Except in the case of a fall from the first 5 to the second 1, all continued 1-5 with an increase.
-When moving from the 5th to the 3rd 1 and moving from the 3rd to the 4th 1, they showed a downward trend.
Looking through the MACD indicators, it is as follows.
-On the downtrend line, the first(negative), the second(negative → positive), the third(positive → negative), and the fourth(negative → positive). Overall, the flow is naturally moving from negative to positive. This can be seen as a sign of ascent. Conversely, the conversion from positive to negative can be seen as a sign of decline.
-Observing the MA (12, 26) and the golden cross and dead cross of MACD(blue at the bottom), and MACD signal(red at the bottom) of the first to fourth sections can predict 1-5 of the fifth section.
Currently, I have not entered long and short positions, and I am watching.Yesterday I looked at the chart as falling, and today as rising. I took some time to find out which perspective was better suited to my criteria, judgment and investment. I hope that both of these perspectives will help you invest and lead to profit. So far, we have described the premise of chart analysis, subjective analysis of charts, and the basis for analysis. What do you think? Please comment on my point of view.
There are people who consistently like my ideas❤️. Sincerely, I will lend them all the good luck I have. Less damage! A lot of profit! for every investment! I really hope you get it. We're following each other. Thank you.🙇🏻
"Work less and earn more while you live." -XBT Laps
Bitcoin - Slightly pumped without strengthBitcoin price has slightly pumped up, but still below $9300 resistance and another low high has printed.
I would be very cautious because it can be just a weekend scam pump.
Still no clear direction for me. On HTF mid-term bearish. Need to crack through $9300 or $9000 to get some action.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
July, 4. Bitcoin on a roller coaster.Hello. Bitcoin chart analysts, investors. I am XBT Laps. :)
XBT is another name for Bitcoin . Laps are knees, and it means a nurturing environment (like a mother's knee).
(Because I haven't studied yet, I looked into it with a beginner's mind, so please understand and understand even if the content is insufficient.)
When forming a double top , head and shoulders , rising wedge , it enters the short or short position.
Please comment on my point of view. Like❤️ love you. We're following 👑 each other. Thank you.🙇🏻
"Work less and earn more while you live." -XBT Laps.
4H new possibilities Alright lets see this one ...
Descending channel
Bottom line of big ascending triangle tested
Possible divergence in rsi
Possible test for top line in channel
We see a whale(bear one) changed the game today and bulls showed us their power and their lovely price(8800) again, it seems they dont like to lose this price ...
If you see a resistance and break out rejection by rsi, it means we are going to test 8800 again, but if you see a break out here ... it means mid line cant hold the position and it means we are going to test upper resistance(9600)
So as always ... I recommend you to enter your position after confirmation ...
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
BITCOIN DAY TRADE OPPORTUNITY IS NOWHEREHow to Automate Drawing Fibonacci Level
✅In this video, we talked about the latest selling opportunity as a day trade on BTCUSDT.
I really enjoyed making this video, I hope you as well. 🙏
We will continue posting our education videos and day trades. You will get notified once we do publish the next educational video, if you already follow us on TradingView.
Take it easy team!
BTC Short Term PullbackHey guys,
As I pointed out in my previous analysis we lost the blue box by closing a 4HR candle below.
After that the bulls tried to regain the area but got rejected once again and weren't able to paint a higher high in the short term.
Besides that we played out the bearish divergence as pointed out on the chart.
But no reason for panic as of now because we pulled back and are fighting for support on the middle trend line of the macro parallel channel.
There isn't formed a lower low yet but sell pressure is indeed acting strong in this critical area for the bulls.
I personally don't think we are seeing a inverse head and shoulders but there is definitely sentiment in the sphere for that particular pattern
which will show some buying pressure in this area as well.
Thereby I see some similarities with the area marked in green.
We can see a push followed by a retest of the middle parallel channel trend line and ultimately a wick above to the upper trend line.
This might be the case for the upcoming days but is not guarenteed!
Key elements
-This area of +/-9040 needs to hold by closing higher timeframe candles above
-No edge to add on position or open position here (personal view)
-My view on the 9400+ test still remains as of now.
We are gonna be here until ...We are gonna be here until one of these support or resistances break.
Rsi is showing us we have a uptrend here and fib 618 shows(9400), Ichimoko cloud almost tested but it shows us we are in a range(Price moving in the cloud), we lost support of ma 120 and 200 and we are testing support of ma 50 and 20 now, there is an idea here about ma 20 and 50, losing these supports means a big down trend and breaking 8800 is possible after it, but if they can do their job as well we are going to test 120 and 200(120 is on the 9400).
By the high TF(Daily) I dont recommend day trading ... this is not a good time for doing long more than 300 pip, I recommend you to do swing this time ...
8800 to 9500
9500 to 8800
Daily rsi is still in divergence mode and I wont enter long more than 9400, this is not safe ... 9200 showed us a serious resistance here
And 8800 showed us a strong support !
I have to say in daily we are in a big ascending triangle and its almost done! but personally I think we are gonna test the bottom line for sure ...
Im saying this again ...
I dont plan more than 300pip in long if I enter it ...
Short trade is more possible here ...
And I wont check market in lower than 4h tf because of this big range(Which means a really big trend is coming)
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
July 1, 2020. All's well that end well.Hello. Bitcoin chart analysts and investors. I'm XBT Laps. :)
XBT is another name for BTC , and Laps are knees which means the environment in which it grows.
It's still not enough, but I'd love to hear from you.
Today, I'll look at using Cyclic lines and Triangle pattern, and I've previewed the trend of Bitcoin.
Bitcoin's 3Q earnings were lower than in 2Q. Therefore, you can foresee the decline.
But Rome was not built in a day. So, if you take good care of your short-term time, 2021 will be a year of Bitcoin.
Thank you very much.
"Work less, earn more while living." - XBT Laps.
BTC up for a new potential lower highHello guys,
After the monthly close BTC have managed to move a little bit... thank god.
As can be seen on the chart we moved right in the previous accumulation area which acted as support for about 10 days. (12-22th)
After the previous lower high formed we retraced right trough the area and it became resistance ever since.
The Bulls need to close a higher timeframe candle above this area (marked with the blue box), for us to move to the next area of resistance.
With a conservative view the next area of resistance would be the 0.5 retrace right around 9315 but I don't think the resistance would be strong enough to
bring the rally as off so far down.
Personally I think the area 9425 is rather more interesting to pay close attention to as it is the .618 retrace combined with the downward upper channel line which acts as a demand zone.
I would watch this area and take profit aswell and based upon price action might even short the area.
Thereby we have the areas marked with the blue arrow pointing out previous "Points of control" based on the volume profile.
These guys can be a target for the whales to liquidate the first over-leveraged shorts and trap longs who falsely assumed the breakout, so be careful and watch price action first.
Overall view:
-Short term : some more upside
-Mid term: consolidation , with a lower high finally formed
-Long term: downside below 9000
BitcoinEverything is beautiful in the news, I've already wanted to buy crypto and become a multimillionaire.
1) In 2020, Bloomberg expects some re-test the Bitcoin the highs of 2017, and even "BTC will achieve a new record of $ 28K."
2) Charlie Lee is waiting for the huge bull run on the cryptocurrency market.
3) Crypto Research: Bitcoin might appreciate to $ 340K within 5 years and up to $ 400K by 2030.
4) Glassnode: during the first half of 2020, Bitcoin investors accumulate Bitcoins. The number of crypto wallets with an account exceeding a deposit of 1BTC increased to 820.4K, +124 million new wallets within 3 years.
The vast proportion (62%) of the wallets was not used for 1 year and more.
5) The Tokenist: 59% of respondents are willing to invest in cryptocurrencies now, 45% would prefer to have Bitcoin instead of stocks, real estate, or gold, etc.
6) Buy Shares: the investments in Bitcoin exceeded the profitability of leading stock indices by 70 times.
7) Skew: the 2nd quarter of 2020 turned out to be the third most successful quarter at the closing price of Bitcoin for all the time of its existence (+42% per quarter).
8) Pantera Capital: investing in Altcoins can bring more profit than investing in Bitcoin, the cryptocurrency market is in the middle of a bullish cycle.
9) Andreas Antonopoulos recommends as a passive income to invest in "unloaded" crypto-pyramids (PlusToken and others) and crypto-bubbles (Defi - the value of collateral funds exceeded $ 1.6 billion, of which 42% in Ethereum).
10) Wherever possible, they say about the state cryptocurrency: "crypto dollar", "crypto yuan" and other CBDCs. We know if we have a state candy wrapper, there is no place for other "illegal" candy wrappers.
11) CoinMetrix: 80% of USDT deposits over $ 1 million are distributed across 300 wallets.
12) The volume of assets managed by Grayscale reached 400K BTC.
13) Weiss Crypto: before Bitcoin, the prospect for growth in value as a savings asset is open - in 10 years, the price of BTC can exceed $ 180K.
14) PlanB: the FED is pumping stocks, so the fact that stocks and cryptocurrencies are moving synchronously means that BTC is in the interest of the FED.
15) Parallax Digital: Bitcoin is more divisible, durable, portable, identifiable, and scarce than gold. Bitcoin protection is cheaper and less vulnerable to theft.
SUMMARY
So ... we wait for a new bottom and "sales" on the cryptocurrency market, the news background is ready.
Although for me, we are now witnessing the Wyckoff distribution phase.
Best regards EXCAVO
July 1, 2020. Bitcoin will rise after falling, as everyone knowsHello. I'm XBT Laps. Bitcoin chart analysts and investors.
I wantsto know the infinite possibilities of Bitcoin through charts.
XBT is another name for BTC, and Laps is a knees, which means the environment in which it grows.
It's still not enough, but I'd love to hear from you. Predict the direction of Bitcoin through the Regression Trend Line.
Type 1: Short
Entry: 9150~9250
EP1: 8950
EP2: 8750
Type 2: Long
Entry: 8750~8850
EP1: 9350
EP2: 9750
Thank you very much.
"Work less, earn more while living." - XBT Laps.
Bat pattern in rsi? It wasn't hard to guess this pattern was forming here(And also double bottom).
We had a touch on 9148 in 1h chart(It was 618 of fib).
Cmf confirmed the up trend but we have 9200 in our way which is a strong resistance here.
Cross under of ma 120 and 200 was in 9400 area and also ma 200 moving there right now.
So this is the time to test it again ...
I recommend you to enter long above 9200, and enter short below 9k.
Long possible targets would be 9300, 9350, 9400
Long possible targets would be 8800, 8700, 8650
Personally im in long side now.
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
Bulls diedRsi failed to break resistance line
Price failed to break resistance line
Macd failed to create green ones ...
4made shooting star while cmf were less than zero ...
This is definitely short ...
8800 is possible...
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
Pump or dump ?
Personally im in short to 8800 as first target, but there is a chance to pump here ...
Breaking this wedges means 9600 ...
4h made a bullish hammer and bearish hammer rejected ... this is really war ...
If you see daily here ...
You can easily see that daily just start to fall ...
Bearish hammer, rsi divergence, red macd histo and a lot of other signs ...
I have to say it again ...
Im worry about bulls ...
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
Bulls are you still here ?Alright, by CMF strategy, this shooting star could change the game.
Confirmation of this one, could end bears for a while ...
And also this candle could be the confirmation of a stable market for a while ...
I have to say ... Daily just started ...
Above 9200 means a test for 9600...
Breaking rsi resistance means 9400 as first target.
Breaking rsi support means 8800 as first target ...
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
There is a chance for bullsOk guys in last idea I mentioned it we are in danger zone and you saw the reaction of my channel.
Now I have to say bulls have a chance to make profit by this situation ...
As you can see I draw some lines in rsi, support and breaking white line means bulls gonna see 9700 again, resistance by while line means they should close they trades and enter short to 9050
Price is less than ichimoko cloud and also ma's ...
Macd histogram color changed to red ...
We are still in danger zone ... keep your eyes open ...
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe