Bitcoin Stop Loss Hunt... Or Bearish Downturn?Good afternoon traders!
This is why you don’t long into resistance or short FA bullish.
For the last 3 days I have insisted we stay flat and I’m extremely glad to say this is the only bitmex group root :tm: Bitmex Gains that has not been impatient to get into any plays that are clearly not there. And still if you didn;t join the group message me and i will help you out over the Telegram @SID_CySec
I have been uploading daily analysis and market breakdowns for what the current market sentiment in premium while staying flat.
If you are in a bitmex group that has been calling plays the last 3 days, I recommend you see yourself out of that group.
They do not care about risk management and your capital.
Search in ideas for "BITMEX:"
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BTCUSD Bybit Chart Analysis February 4
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Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for February 4.
This is the movement after writing the analysis on February 3rd.
as indicated
Within the fluctuation range of 1000 dollars without any fluctuations
The extreme sideway move has been completed.
From a short standpoint, most of the Ichimoku equilibrium tables are
Because it was a blue cloude, there was no section to eat.
In the end, it ended with a sideway move without a wave.
Last month, after hitting the bottom of $33,000
It was a long position standby strategy based on the long position.
Failed to enter, so the trading strategy is canceled
I will focus on the whole.
4 hour chart.
Today's approximate top price and bottom price are displayed.
Broadly, within the convergence zone of the sky blue resistance line / green support line.
Red up / sky blue down movement path check
I made today's trading strategy.
This is a 30-minute chart one-way short position strategy.
All in all, I have to go through the flow.
It doesn't seem like it was easy.
I would like to see it as a short -> long switching strategy.
I've been thinking a lot today.
The current position has reached the sideways touch and the trend has stopped.
If the orange support line is broken, pay attention to the light blue finger.
* When the red arrow moves
Long -> Short -> Long Switching Strategy
1) $37329.5 long position entry section / Stop loss price when departing from the orange support line
2) $38372 long position target and short position entry section / Stop loss when breaking through the sky blue resistance line
3) $37146 long position entry section / It seems to be the long-awaited long-term entry section for major altcoins
After all, weekend.
I marked the weekend gap gap with a pink line ( futures market close )
After that, check whether or not the purple support line is deviating / Fall away from the weekend gap gap
Breaking the blue resistance line is always a good thing.
On January 24, after hitting the lowest floor of $32,900
This month, it's okay to make a good move to the right.
Violet support line breakout -> Green support line breakout
A further downtrend or bullying period may continue until next week.
Those entering each position
It is a little better than the month of January,
but the sideway move are very painful.
So, my analysis is just for reference.
Principle trading / Stop loss is essential, I hope you operate safely.
thank you.
SHORT X 25 HIGH PRECISION BITCOIN TRADINGBINANCE / BITMEX 1 HOUR Short x 25
Leveraged BTC Futures
Entry Point: USD 46100
Target : USD 44050
Stop Loss : USD 46900
Leverage is extremely risky and must be executed with money that we are willing to lose or touch the stop loss.
Leave a comment that is helpful or encouraging. Together we can dominate the markets.
SHORT X 25 HIGH PRECISION BITCOIN TRADINGBINANCE / BITMEX 1 HOUR Short x 25
Leveraged BTC Futures
Entry Point : USD 48450
Target : USD 46100
Stop Loss : USD 49250
Leverage is extremely risky and must be executed with money that we are willing to lose or touch the stop loss.
Leave a comment that is helpful or encouraging. Together we can dominate the markets.
Bitcoin Monthly | Going To $5,555 But $9850 First, Then $8821 &.September Bitcoin closed the month with a bearish candle.
We have a lower high compared to June and we continue to see lower and lower volume.
I've been sounding the alarm since early August and now it is very clear that Bitcoin is going lower.
BitMEX is being sued and some people will say that this is the cause of the drop...
This is surely a catalyst and a factor but the charts have been pointing to a lower Bitcoin for 2 months now.
Getting back to TA and my original EMAs analysis...
Bitcoin can go as low as $5,472 or lower...
I won't detail the analysis now but we wait and see.
EMA10 is to be tested for sure at $9850...
But I see even lower prices.
What's your take on Bitcoin's next move?
Are you still bullish on Bitcoin or do you believe now that a correction is necessary and prices will continue to drop?
Feel free to share with us in the comments section below.
I am in favor of Bitcoin, I love Bitcoin and Cryptocurrency but this doesn't make me blind to the fact that prices peaked a while back and we were expecting this drop.
What Will Happen To The Altcoins & Altcoins Market In General?
Leave a like and a comment if you would like to know my view and I will publish a new trade idea with my altcoins market analysis and how it will behave/react if Bitcoin continues going lower.
Thanks a lot for your continued support.
Namaste.
Ethereum (ETH) Strong Bearish Signal, Incoming Drop!Ethereum (ETHUSD) is looking bearish now and a strong signal has been printed... Hit LIKE and let's get started!
Take a look at the highlighted candled (yellow) on the chart... This red/bearish candle is also high volume and signals that ETHUSD can easily move lower now.
We also have another bearish candle developing now with prices moving below EMA10.
When a pair moves below EMA10, we switch our potential from bullish to bearish.
Bitcoin (BTCUSD) and Ethereum (ETHUSD) tend to move together.
We've been bearish on Bitcoin since prices peaked and haven't been able to break the $10,500 resistance.
Now, ETHUSD is also looking like a drop.
The indicators are also turning bearish.
Conditions for change
If prices move and close above the last high (marked with a bold magenta dashed line), this whole bearish setup is invalidated and a new analysis is needed.
Click below to see a long-term chart for...
Thanks a lot for your continued support.
Namaste.
Bitcoin Going To... 100% Original EMAs Analysis |$10800 or $8000This is 100% original content/analysis... Please hit LIKE to support this post.
So, what is going to happen next with Bitcoin (XBTUSD)?
Now I share analysis of the EMAs that I learned through experience... Here is the sequence:
1) XBTUSD (Bitcoin) breaks below EMA50 on the 9-May, by the 13-May XBTUSD is back above EMA50.
In this case, EMA200 was hit (brown line) on a long-wick drop, so we can say this level was tested or that this level worked as support.
2) Prices move back above EMA50 but result in a 'lower high'. This peak was hit on 17-May at $9979, this is a lower high compared to the peak hit 7-May at $10085.5 before prices dropped below EMA50 for the first time.
3) Prices just broke below EMA50 once more after the lower high... This sequence tells me that Bitcoin will go down and test at the least EMA200 again on the next drop, but since this level was already tested it can easily go lower and test the EMA300/MA200 price range.
Based on this analysis, we are looking at $8420.5/$8558.5 next... Of course, the chart can always change.
Below we have the Bitcoin Sideways scenario...
Would you like to see the full updated XBTUSD trade with leverage?
Make sure to hit LIKE... We will share it at 222...
Thanks a lot for your support.
Namaste.
Bitcoin 8X Lev. Trade W/ Over 290% Potential ProfitsHere we are SHORT now with XBTUSD (Bitcoin) and we are going on 8X... Let's have a quick description of the above setup.
1) First, we have the higher low which we mentioned in previous articles.
2) Prices are now trading below EMA10 and we have decreasing trading volume, going lower and lower.
3) A recent rejection of prices while they tried to move and close above EMA10.
4) We are seeing long wicks pointing down.
These signals are telling us of a possible drop.
We also have the moving average lines moving below XBTUSD, prices tend to gravitate towards these lines.
We are active on this setup with 8X lev.
The total potential profits sit at 290%.
If you would like to see the full trade details (buy-in, targets, stop-loss, Liq. price, + additional information), make sure to hit LIKE. We will share the full trade at 200 likes.
Thanks a lot for your continued support.
Feel free to leave a comment if you have any questions.
This is not financial advice. Always build a plan if you decide to trade.
Namaste.
Bitcoin Aiming Lower, Next Move MappedHere I've mapped the Bitcoin (XBTUSD) chart for you.
First, notice the trendlines...
We have a lower high.
EMA10 being challenged as support.
Indicators trending down.
Bounce completed.
This setup can easily lead to lower prices.
Make sure to have a plan if you decide to trade.
This is not financial advice.
Namaste.
Bitcoin Bulls Gain Momentum, Where Is The Next Target?Bitcoin (XBTUSD) continues with a slow but consistent recovery from the strong mid-March drop, prices hit EMA50 ($7302) today.
EMA50 is an important level in the daily timeframe, breaking above it can send Bitcoin higher up.
Right now prices continue to increase but the trading volume is still low, so we need to be cautious as things can turn fast here with Bitcoin.
CHART SIGNALS
The RSI is looking strong above 50.
The MACD is still below zero but going higher.
We remain bullish as long as prices remain above EMA10 ($6518). If prices close below EMA10 daily, we start to look at the bearish scenario. Right now we remain bullish and expect Bitcoin to move higher.
NEXT TARGET
If EMA50 is conquered the next target will be around $7800 to continue quickly to $8500+.
SUPPORT
On a retrace, the blue dashed lines on the chart is where we find our first support.
Bitcoin can easily continue higher here but be cautious until more volume shows up.
The weekly chart is also starting to look pretty interesting, the weekly close Sunday will be really important as a strong close can give us a very strong signal as to where Bitcoin is headed next.
Do you agree with this analysis?
Share with us in the comments below!
Namaste.