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📊 Bitcoing Swing Trade Opportunity 🎯BITSTAMP:BTCUSD 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). 📌 As One can see, Quite Big Stop Loss as per this pattern. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis. (PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame) PRZ 1 :- 41101.80 SL :- 34983.5 (Closing Basis) (better to enter after reversal candle and keep sl below that candle if you atre trade for swing or short term) Target 1:- 44369 Target 2:- 46643 Target 3:- 48971 and more Trailing basis Note:- As Per this harmonic pattern, stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
BITSTAMP:BTCUSDLong
by linesandlevels
Weekly BTC-USD(3rd December)After the last weekly gains, BTC again witnessed a bearish movement and closed the week with a 6.90% decline. It continues to consolidate in the range of $45,000 to $51,000 for the 4th straight week, which suggests that the tussle between bears and bulls is still going on and there is no definite trend. At the time of writing, BTC is trading slightly above $47,000. On the Daily TF, BTC is sustaining below its 200-DEMA but managing to hold its support presented by 0.786 Fibonacci level which is present at $46,200.The trading range has been diminishing for the past 5 days and a breakout to both sides can be expected in the coming weeks. On the higher side, the immediate resistance is placed at $48,500, if BTC manages to close above this level, the next potential hurdle is present at $50,000 followed by $52,000. On the other hand, the nearest support is present at $45,600 but if it breakdowns below this level, the next major support level is placed at $44,500 followed by 43,500. As per the Momentum indicators, the weekly MACD has turned bearish and further downside corrections can be expected, whereas, Weekly RSI is trading flat in the range 43-46. According to the current technical charts, we advise traders to wait for the market to depict a definite trend before taking any new positions
COINBASE:BTCUSD
by TradeDog-Research
Weekly BTC-USD(27th December)After consolidating in the range of $46,000 to $50,000 from the last 15-20 days, BTC closed the last week on a positive note with ~8.81% gains. Other crypto assets also witnessed a positive week as the combined crypto market increased from $2.10 Tr to close the week at $2.395 Tr. BTC formed a strong weekly candle which slightly depicts further movement to the higher side that can be expected in the coming days. As per the Daily TF, BTC is trading between its 200-DEMA and 50-DEMA for the last 4 days but the trading range is getting narrower with every passing day, which suggests that a breakout can be expected in the coming days. On the higher side, the immediate resistance is presented by 50-DEMA which is placed at $52,500, however, a decisive breakout above this level can trigger a fresh new move to the higher side till the first level of $54,000 followed by $55,600. On the lower side, BTC has sustained above its 200-DEMA from last 4-5 days, which suggests that strong buying pressure is present at this level, but if bears managed to break this level again, downside rally can continue for the first level of $48,500 followed by $46,000. As per the candlestick patterns, BTC has formed a Bullish Engulfing kind of pattern on the weekly TF which suggests that trend reversal is on the cards, however, momentum indicators are still lagging the strength, therefore, we advise traders to Go long only with tight Stop Loss.
COINBASE:BTCUSDLong
by TradeDog-Research
Weekly BTC-USD(20th December)Bears continue to dominate the crypto markets as well as the traditional equity markets due to the news flowing in about the Omnicon Virus outbreak in many parts of the world. The combined Crypto M.cap declined by more than 4% last week whereas BTC prices took a dip of 6.79% in the same period. At the time of writing, BTC is slightly trading below the level of $46,000. On the weekly TF, BTC formed a solid bearish candlestick which depicts negative sentiments in the market. The nearest support is presented by its 50-WEMA, placed at $44,800 as a strong recovery was witnessed from these levels. On the Daily TF, BTC is forming a descending channel kind of formation, depicting that market trend to be sideways to bearish. On the higher side, the immediate hurdle is present at $48,000 followed by $50,000 as its 200-DEMA is also present at this level, decisive closing above the $50K would be the first signal for the trend reversal. On the lower side, the support is present at $45,400 followed by $44,000. Momentum indicators like RSI are depicting flat sentiments as it is trading in a range from the last 3-4 days. BTC is most likely to trade in the range of $48,500 to $44,000 for the coming days, so we advise traders to wait for the market to break any major level before taking any new positions.
COINBASE:BTCUSD
by TradeDog-Research
SHORT BTC/USDTBINANCE:BTCUSDT SHORT BTC Short/Sell BTC CMP :48832 Target :39515 Stop Loss :53237 Signal: Negative Sentiment: Negative Crossover: Negative Timeframe: 5-7 days Probability: Medium Note: Some sideways movement expected before the fall. ABOUT MYSELF: I am a certified blockchain developer (PG Master's) from a top Canadian University. I have a bachelors in computer science (B.Tech) from a A grade university in India. I have developed a AI powered code that provides signals for capital markets. Accuracy till date: 72% DISCLAIMER: This is not an investment advice. Just for discussion/paper trading purposes. Need any specific coin? DM me on Tradingview.
Short
by sandhikar.saurabh