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BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram BITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram
BINANCE:BTCUSDShort
by tradergyan01
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram BITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram
BITSTAMP:BTCUSDShort
by tradergyan01
12
Bitcoin consolidating after a drop.Bitcoin for last 10 day is being consolidating after a nice fall of 10%. The coin is consolidating in a range of 1% and there can be a nice move one it breaks the consolidation zone. On the weekly charts, it is taking support from the 200 ema i.e. 25670 and has retested after testing the levels. Even on the daily charts, there is also a bearish moving averages cross over and its trading below it. There might be a retest as there is a huge imbalance created. For the intraday trades. The coin is trading around the 20 ema, on the hourly charts, and below the 200 ema. The volumes are high when there is a fall and a reduction in the up move. There is volatility which no giving a clear view in this range. Let the coin give break out or break down of the levels and trades should be initiated accordingly. Support :- 25860, 25670 Resistance :- 26185, 26500 Wait for the price action near the levels before entering a trade.
BITSTAMP:BTCUSD
by Mambotrade
BITCOIN USDTAs per my setup 1 hour short trade is placed near the resistance post the breakdown has been done with a large candle. So my R-R is not good here if I enter right away at ay candle as trading is 90% psychology with Risk management without FOMO. I have placed a short order near the resistance area if the price reaches there for retest would be a good thing & if not I do not want to chase any trade randomly and lose more than what I should, learning lessons through my previous experience and sharing it here as my notes. SL here is 200 points & reward is 1600 points so I dont mind taking series of losses because I only prefer high probability trades. No shame in taking SL and no Pride if targets are achieved, this is a game of probability let us play it this way.
BITSTAMP:BTCUSDShort
by rrithe9
BITCOIN LONG-TERM VIEWBitcoin is going through massive pain areas as compared to the other cryptos, as it has been affected the most in this bearish time frame. We have given here the technical analysis for the long-term scenario and short-term scenario, with all of its possibilities. The price is volatile enough to move in any direction- up, down or sideways. Bitcoin USD Live chart states that currently, Bitcoin is trading at $4140.28 with a market capitalisation of $62,477,511,147 and circulating supply of 17,429,512 BTC. First, let us represent the long-term monthly time frame chart of Bitcoin live ticker- XBT/USD (BitMex) as per Bitcoin stock price, which covers both resistance and support levels with Bitcoin candlestick charts as well. Long-Term Analysis (A Month Timeframe) Bitcoin Long Term Analysis Scenario 1: Bullish (Uptrend) If the Monthly candle (December) closes with price above $3430 with decent buy volume then we might see the price the testing the "Resistance Zone 2" ranging from $4207-$4700 within few weeks. Few other factors in confluence with the bullish scenario: 1) Stochastic RSI is in the Oversold Region (its a region where asset price is likely to rebound or bounce). 2) Selling Volume (red bars at the bottom of the chart) is declining i.e. sellers are getting exhausted. Scenario 2: Bearish (Downtrend) If the Monthly candle (December) closes with the price below $3430 with decent sell volume then we might see the price, the testing, the "Support (Buying) Zone 1" ranging from $2400-$2900 within few weeks. If that support doesn't hold (no buying interest) then we might see "Support (Buying) Zone 2" followed by last "Support Zone 3". Factors in confluence with Bearish Scenario Support Zone 3 ranging from $1100-$1300 is the High of the previous Bull market cycle (2013) and might get a retest to follow market cycle rule (not mandatory but likely). Scenario 3: Ranging Scenario Bitcoin Ranging Scenario One of the scenarios which people often ignore is that an asset ranges between two boundary zones for some weeks and months before moving into strong trends (Upward or Downward) just like Bitcoin did between price levels $5800-$6400 for 3 months (September-November'18) before making a major move downtrend to $3100 price level. There are permutations and combinations you can apply between different zones (Resistance and Support) on the chart to form Ranging Zones. These are areas where major market participants (Institutional Investors) accumulate before a big change in direction of the price. Note: Monthly time frame charts illustrates the movement of price over a long-term horizon and are most often used by long-term investors. Short-Term Analysis (Daily and Weekly) Let's take both the bullish and bearish scenario for the short-term time frame. Bitcoin Short Term Analysis Scenario 1: Bullish (Uptrend) If BTC close above $3650 Daily and the weekly frame shows a reversal pattern (Green Engulfing candle) we might enter at these levels ($3600) with a target around $4000+ which eventually might restest Resistance Zone ($4400-$5400) in the coming weeks. Scenario 2: Bearish (Downtrend) If BTC couldn’t break the previous support ($3600) turned resistance in the coming weeks then there are two Bounce(rebound) zone for Bullish reversal ranging from $1800-$2400 and $896-$1200 for coming weeks and month. Now, we have reached the last segment of our analysis where we will mention the news and event analysis Institutional bodies are getting interested in cryptocurrencies. One such example is the U.S. state of Ohio accepting tax payments. Merchants like Overstock, eGifter, Expedia, Shopify accept Bitcoins as payments and several people are testifying on social media how they purchased goods and services with cryptocurrencies such as BTC, ETH, and BNB. The supply of Bitcoin is finite and limited to 21 Million hence the demand is not going down. Second, that the number of Bitcoins generated per block is set to decrease by 50% every 210,000 blocks. For example, if today each miner receives 12.5 Bitcoins for solving (mining) a block, after the next halving event they will receive only 6.25 BTC and so forth. 2018 was filled with rumors of institutional investors buying into cryptocurrencies, especially Bitcoin. Several times, the Bitcoin ETF has been rejected in 2018. But recently an SEC commissioner has started a Bitcoin ETF is definitely possible. In 2019, NASDAQ is going to work with the US Commodity Futures Trading Commission (CFTC) to launch Bitcoin futures in the first quarter of 2019. Conclusion While bull and bear markets are nothing new in the financial world and Bitcoin has been through the bear cycle before and recovered well from it with given time. Bitcoin is here to stay, it’s worth exploring the drops in value and equally fast recovery the currency has experienced. History shows that the top cryptocurrency has sustained much more rapid losses during a shorter period of time over the course of the past several years, and has not discouraged long-term investors.
BITMEX:XBTUSD.P
by coinswitch-trading