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Tradingbitcoin

Are We Done Yet?Are we done correcting? In my humble opinion, we are close. Let me share with you my thoughts on this. Key Points: Testing Weekly 20ma which is a historic support for bitcoin in past bull markets. Tested VAH of previous range for support and has held so far. after 10.5k was established as range low price pumped to top of range at 12k followed by a retracement to the 618 fib of the established range. Price pumped to 12.5k and retraced to the 618 fib of the whole range at 11.1k - 11.25k but closed above $11,263. Priced pumped to VAH of range which was also the 618 fib retracement of the move from 12.5k - 11.1k. Based on a fib based trend extension measurement price retraced to the 1.618 which is a textbook zone for shorts to close, and longs to open. Can price drop down below current support? Absolutely, this is crypto and anything is possible and there's a cme gap at 9.5k, and gaps statistically do fill. I try to wait for trades with the best odds, but at the end of the day I know anything can happen, no matter what the chart says. Psychologically many traders are bearish right now. Maybe price rests VAL of previous range forms a lower high, and continues down. Nothing would surprise us at this point. I am planning a trade from current price to the top of the range at 12k. I plan on taking 4 profits at 10.6 - 11k - 11.4k - 11.9k. As always any trade can be a loser so risk management is imperative. I'm only risking 1% on this one. Let's see what happens.
Long
by ChartCrushers
5
SIMPLE! GOT OUR FIRST MOVE GUYS!!! BITCOINS READY!!!SIMPLE. EASY. ACCURATE ANALYSIS. BY THE WAY WE HAVE GOT THE BREAK DOWN EXACTLY TO WHERE I STATED WE WOULD IN MY LAST POST!!! FIRST FAKE OUT MOVE CONFIRMED???? NOW LETS SEE IF WE HOLD THE 618 EXTENSION FIB AT 8830, IF THAT BREAKS WE LOOK FOR A 1-1 EXTENSION WAY LOWER AT 8300. BUT LETS SEE IF THE 618 HOLDS IF IT DOES, WE LOOK FOR A BIG FAKE OUT BACK UP TO 10000+ AREA BEFORE COMPLETING THE C ON OUR BEARISH HARMONIC AND FALLING OFF A CLIFF TO 7500!!! LIKE I STATED! 2 BIG FAKE OUTS!!! ONE DOWN COMPLETE(OR IN AFFECT) AND NOW WAITING FOR THIS TO HOLD THE 618 TO LONG TO 10K, THEN WILL SHORT ONCE WE PASS 10K FOR A DROP MOVE TO 7500-7800
BITMEX:XBTLong
by THECHARTMAFIA
Bitcoin - Stop run and back to $9750Typical bitcoin "scam PA" over the weekend. It was dropped by $400 and after bleeding all day instantly came back at the end of the day. Rejected off resistance at $9800, close above or strong pump through this level will be an absolute long signal for me. $10k was tested a lot of times and each time the probability of a break-in increases Let's see how it goes today. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
BITMEX:BTCUSD.P
by Bitduke
Tradeble Wave Trade-Setup with both side of consideration.......In-case of price is going cross LH 8952, we can see below projection: ------------------------------------------------------------------ LH 8955 below, keep continue selling, if reversal exist then price must cross this level above. Trade Setup: PLAN (A) : Sell below 8955, for first T 8647 nearby and T2 8459 PLAN (B) : Buy in pull-back if price cross 8955 and stop-loss and target. NOTE: I'll update if price crossover in Timeline.
BITSTAMP:BTCUSD
by Jay_shree
167
Bitcoin $BTC Key levels to watch for now - $10,000 and $9300 Bitcoin trading inside the triangle at the moment and most likely make a decision on where is heading ($10,000 or $9300). Furthermore, we cannot rule out that Bitcoin can break out of the triangle and hit resistance at $10,000 and start a retracement to $9300. therefore, everything else is just sideway movement at this stage and we need to see Bitcoin close above $10,000 to be bullish again. Similar to $9300, if Bitcoin closes below this level we are bearish.
BITSTAMP:BTCUSD
by johninvest17
1
Feb 13: Crypto Trend Continuation? BTC, ETH, ZEC, DASH, LTC Just me again nerding out on some crypto analysis and talking markets. Covered COINBASE:BTCUSD - trend continuation trade which just fired for me at the time of recording. (To me this seemed like the most important event of the day..) Covered KRAKEN:ZECUSD - nasty bearish internals, what I did with my long position, and why. Covered BINANCE:LTCUSDT - also waning bearish momentum.. talked about Litecoin often playing as a leading indicator and how it's good to look at for early signs of topping. Covered BINANCE:DASHUSDT - massive pop that gave probably every idiot a double (including myself). Based on 1D price action I see continuation. In no hurry to get rid of the remaining half and think DASH could easily go another double from here in to silly season. Covered COINBASE:ETHUSD - very encouraging price action, volume, and price momentum. I see no signs of breakdown on weekly, daily, or 4 hour charts. Then I compared a 1W ETH chart to BTC and its price action from 2014-2017 and talked about some pretty shocking similarities. I'm definitely making a whole video on this soon. Feel free to DM me on here if you're interested in joining a public trading group with cool people and great info being shared daily!
KRAKEN:ETHUSDLong
by bitflip01
#BTC #Bitcoin #BTCUSD hitting downside targets======== Prologue ======== Since the Triangle Breakdown and break of 9100 Support Bitcoins price already reached our second Targetzone nearly perfectly and is now at a real important Price level which will determine our next moves. ================== Technical Perspective ================== We want to take a look at the Daily but before we just sum up the weekly chart where the picture hasn't changed much. Weekly Stochastic is still heading down, and we are trading below the 20EMA Weekly RSI is currently in the middle of the Scale with RSI way above it. So the Weekly looks really bearish looking at these simple facts. Looking at the Daily Bitcoin chart we can see that the 377EMA (coming in at 7700 USD) has been already tested twice. Daily Stochastic has reached already the bearish control zone but are still pointing down. If we compare the RSI from Nov. 2018 to this years triangle breakdown we maybe get a hint when the Market will try to gain strength again. The Daily RSI dropped to 30 which goes align with the 0.786 Fib Level. Seeing the Daily RSI dropping again the vicinity of 20 with price action bouncing of will give you the Signal to pay attention to it. The play on Bitcoin is not that hard it just requires some patience and a good risk management setup to play this asset in both directions. As major resistance we have the 9100 Price or as we maybe get lower I like to extend the highest Trendline of the last pattern breakdown. From this resistance zones I would manage my risk of for trades to the downside. Coming Closer to the bottom with Oscillators on the Weekly and Daily turning to the Upside will give me the first signs of where I can seek for long trade setups and where i can manage my risk to support. Trade Safe! =========================== You can copy and follow my Trades on eToro www.etoro.com
BITSTAMP:BTCUSDShort
by koboltrading
Bitcoing is breaking all key level, and now what?As we can see illustrated in the chart below, Bitcoin currently has overcome the very strong 10k resistance, this means that the next one is around 12,000. Okay so now we are halfway between the two key levels and we see a pennant forming (triangular bullish formation), measuring the flag pole (13.2%) we can predict that after breaking the resistance of the formation, the price will raise the minimum of 13.2% this would mean that it will exceed the resistance of the 12k and will continue in a strong uptrend. In the analysis you can find: - Target points of the two bullish operations - A short tutorial on how to use pennants in a bullish period - Complete BTC market cap - A big view of the BTC price
COINBASE:BTCUSDLong
by UnknownUnicorn1354503