[May 18th/BITMEX] Bitcoin Trend Analysis $7683 - $8270/8500/8700
Updated
Hello, guys.
Sorry to postpone to upload it.
In the morning, I wrote down it but I accidentally close the chrome.
I was just mad XD. That is why I upload it now.
1. As you can see, the chart shows that it is still bearish .
Today, I assume that it gonna be dropped til below 8050/7670
2. However, so far, I would say
60% confirmed below 8100
20% confirmed below 8000
15% confirmed below 7900
less than 5% confirmed below 7800
3. Long position; open orders $8050/7950/7850/7600 (~x15)
Short position; Closed once
Previous position $8270 and close $8181
Current position open orders $8230 and will close $8100/8050/8000
4. Reasons;
20/50/120 EMA lines are now resistance line.
BB avg line, +1 line, +2 line are now resistance line as well.
Need to push up to at least $8321. If it won't happen, it gonna dropping more.
So far, this chart is working properly and my friends make a profit (a little of profit; maybe more ;) )
They told me that they won't trade today anymore and gonna go to pub XD
If you like this post, please comment or push the like button
If you wanna play on BITMEX, register through it; bitmex.com/register/AYE2lG
Thank you so much!
P.S. If you do not disagree, please comment it. I like listening all kinds of opinions.
Have a great day!
Sorry to postpone to upload it.
In the morning, I wrote down it but I accidentally close the chrome.
I was just mad XD. That is why I upload it now.
1. As you can see, the chart shows that it is still bearish .
Today, I assume that it gonna be dropped til below 8050/7670
2. However, so far, I would say
60% confirmed below 8100
20% confirmed below 8000
15% confirmed below 7900
less than 5% confirmed below 7800
3. Long position; open orders $8050/7950/7850/7600 (~x15)
Short position; Closed once
Previous position $8270 and close $8181
Current position open orders $8230 and will close $8100/8050/8000
4. Reasons;
20/50/120 EMA lines are now resistance line.
BB avg line, +1 line, +2 line are now resistance line as well.
Need to push up to at least $8321. If it won't happen, it gonna dropping more.
So far, this chart is working properly and my friends make a profit (a little of profit; maybe more ;) )
They told me that they won't trade today anymore and gonna go to pub XD
If you like this post, please comment or push the like button
If you wanna play on BITMEX, register through it; bitmex.com/register/AYE2lG
Thank you so much!
P.S. If you do not disagree, please comment it. I like listening all kinds of opinions.
Have a great day!
Note
Oh by the way, $8258-8265 is the first resistance line. If the bulls cannot push through it, gonna be dropping A LOT.
However, who knows? Whales can do whatever they want :)
Note
Over 10 hours, the market is not moving a lot. It is moving between 8190 - 8260.Bull still tries to go up and possibility is increased.
If it pushes the EMA20; $8258, it can reach at $8320/8470.
Lastly, my short position order; $8230 is canceled, because I do not want to get into this mixed signal market. Otherwise, $8469/8669/8769 short position orders and $8061/7997/7797/7670 long position orders are opened due to conservative vision.
Have a good night!
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