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BXBTEUR trade ideas

bitcoin same old game once againhey guys, bitcoin price charts in small time frames are one of the most tricky things in technical analysis, seriously trust me, ive personally experienced this thing as an elliot wave analyst. but there're some patterns which appears again and again in bitcoin's chart, for example like the upper one. i've seen this tricky pattern a lot of time in bitcoin movement, first you get a double bottom and then a double top, and this pattern worked so well to rekt traders, when prices forms a bottom and then comes again to retest it lots of folks gets confident to break that level and go below, but then suddenly prices gets pump from those level and fomos looses their money, just opposite to that when prices forms a top and then again march towards that level bulls get so convinced to break and go above that but suddenly prices crashes, so in this of situations its better that we should wait for the price action confirmations. here we also getting a double top formation, basically we're now in flat correction which is normal behavior of wave 4, am still bearish as i've predicted in my analysis and remain bearish unless we break 8150 level, but there's a high probablity of going lower, as we'll soon move into wave 5, which could push the prices below 7000. thankyou
BITMEX:XBT
by Husain_Arkghazi
Bitcoin wave A forming an ending diagonal, more dump to comehey guys Bitcoin continues to drop and from charts looks like wave A is forming an ending diagonal formation, which appears in normal zigzag correction, from current position it looks that we're now in wave 5 which could end up around 6900, which i've clearly mentioned in my previous XBTUSD analysis although if we get an extended wave 5 than we could go even lower, but 6900 could be the key level for a major turning point or the beginning of wave B, so be cautious from here, personally am expecting that wave 5 will extend upto 100% of wave 3 which is around 6750. hope this analysis will help you to make profits thankyou
BITMEX:XBTShort
by Husain_Arkghazi
Bitcoin XBTUSD more dump to comehey guys as expected we see a heavy sell off after breaking the 8100 level and close below it, i've said earlier that 8100 was a key level and if we close daily candle below it than we could see a heavy dump in prices and as you see we saw a heavy sell off upto 7500 now from the charts wave b has retraced upto 78.6% of wave a and now wave c could extend upto 161.8% of wave 1 which in this case goes around 7100 level, but before this most likely we are in minor wave 4 of c where whales could accumulate the prices and then we could see a heavy dump, personally am expecting to go upto 6950 level. meanwhile am closing half of my altcoin positions and moving in bitcon "not usdt", as this will be the safest strategy if we're going wrong, also shorting XBTUSD from above 8000 level as we can get a great opportunity of making profits from this dump. Short XBTUSD with 5-10x leverage from 8000-8100 T1 7550 T2 7150 T3 6950 Stop loss 8170
BITMEX:XBTShort
by Husain_Arkghazi
1
Bitcoin update 24.05.19hello guys, from the charts most likely Bitcoin has now entered in ABC correction wave, in which wave A usually made of 5 waves and most likely we're now heading towards much deeper correction of wave 3 which could bring us to 6200 level, but at present situation we're in a leading diagonal formation, so from here we could see a drop towards 7400, and then a false breakout could take place to push the prices around 8000, and then huge shorts could take place to rekt longs, so i would recommend to go short from here until we hit the lower trend line, and be cautious with longs. we could grab wave 3 which can give us massive profit opportunity, but we must play safe, i would recommend to stay neutral until we break the 7200 level. hit like if you find this analysis helpful and do follow me on twitter and telegram. thankyou
BITMEX:XBT
by Husain_Arkghazi
6000 finally!finally we broke the 6000 barrier, now things get critical from here, as i said before 6000-6450 is the major resistance zone we need to break and hold for the next major bull market, usually prices falls back and retests the support levels, which in this case are around 4200 and 3200. fun fact is that despite of having negative divergence as shown by RSI bulls have succeed to keep prices going higher. finally its still not the time to sell your home and jump all in Bitcoin, there's still lots of fear and uncertainty by looking at the charts, we are still due for a correction.
BITMEX:XBTShort
by Husain_Arkghazi
1