Btc-short
BTC roadmap in December,what you need to knowhi guys. yes, my predictions got wrong, when i thought 6k was the bottom for the up move. many commented me for my wrong decision. yes, i humbly accepted the wrong call. yes i stoplossed too, but i wasn't really depressed though. because this is really the price i was waiting for. it is okay. trading, if i get right all the time i am god. at the same time, trading is about corresponding to market volatility, which, i adjusted to what btc wants to do.
nevertheless, market chose to come down, like 2014, where weekly 21/50ema dead crossed. this is mostly what i have warned and prepared too, but seeing the price sticking high at 6k area, many traders, including me, was confused. because, many warned of dropping to this level at September after a 6100 touch. at that time was when btc kept making lower lows. but btc chose to stay above 6100, even there wasn't a really good bull divergence. also, after September when we had price moving up, alt coins breaking above downtrend channels, i got caught in the mood of it, and many renown traders too. many traders saw alt pumping as a 'channel', but actually they were all bearish rising wedges! anyway! i understood what market wants to do now, and i believe after some pump in december, market will come back down. after that, i think it will have hard time bouncing a lot, and it can break 3k, and even below to 2k.
however, that should be the end, and after months of consolidation, we will move up next year, after summer i think. so maybe, more bear market for next 8~9 months time.
but short term in december, i believe we go up to 5500/5700, even 6k maybe, so we should clean up some mess, and minus's at that point.
so market is now so simple because, we only have about weekly 200ma left to defend more decline, which is around 3100. i think 200ma can be good support, 3k may even be the bottom for btc, if we go down it can be 1.8k. but, anyways, we are almost at the end of price dropping. btc retraced over 80% from it's peaks, and, even if you are holding minus coins, if you have bought a falling knife, don't feel so depressed, if you have not bought at 9k 10k level in the past. SO, buying over 3k, i think from 3150 range to 3600/3700 is fine. 4hr, and many timelines are making a huge bull div now. daily is even trying to make it. mostly, weekly rsi is amost 30, which, is a support that would bounce hard. 2014 did.
i think we should sell until December 22,23rd, before Christmas, after a week of consolidation retrace, btc can go make lower high at early Jan, but fall hard back to 3k support. we should wait around 3weeks then, and buy at late Jan. if we break 6300/6400 level and go up, it can mean something else, but in terms of impulse and divergence, btc should come down to 3k or even below. so realistic sell tp is 5500/5700, in chart, between tp3 and tp4. and, coming week, if price touches 3100/or 3000, prepare stoploss, and under 3000 is stoploss . usually btc price do not touch the moving average, it bounces before touching. so to keep it simple, i think buy this week, sell 3~4 weeks from now. that can be easily put. if, price dips below 3k, i believe that would mean something, that would indicate dip to 1.8k~2k, which is severe, which is even more cruel then 2014. so below 3k is the level you need to be cautious.
happy trading!
BTC - Reversal Point !Dear Traders,
For those who looked at my previous BTC Ta's, you would know I told you about this scenario, that BTC was going to face another drop back to bigger support. Well it's happening right now.
Let's get straight into it.
BTC's next support areas have been marked on my TA, we have the monthly 55 moving average located around 3881$, and we also have the weekly 200 moving average located around 3134$.
The weekly 200ma would be the last big support and i'm pretty certain that would be the lowest point BTC will ever get to.
Keep in mind that this price drop is all about big hands selling off to be able to buy back very low. A lot of institutions are waiting to jump in, but they will only do so once the price reached the support levels I just told you about.
I can assure you that BTC will create a really strong reversal once price action hits one of these big support areas.
Please do check out my first TA's about BTC where I tell you everything about me knowing for a fact that this was to be expected.
Do not fair, this is all part of their plan.
Keep your eyes on the charts!
If you have any questions or any thoughts, feel free send me a PM or to comment on this TA!
If you'd like to join my Discord Channel to talk about stocks, share knowledge and have a laugh then please send me a PM so that I can link you to it!
Take care!
Welcome to short city (BITCOIN $3,000)Hey Traders,
We're finally starting to get some movement in the market, and it happens to be down. The anticipation of a bull break was always out of the question and now we are looking for targets to satisfy and end this bear market. 3K seems to be the perfect price, it not only has major fib confluence , but market and price confluence there as well. I wouldn't be adding just yet, even for my proposed 4th upward move. Grab some popcorn adnd sit back and watch.
Happy trading (updates to come)
BTC BOTTOM IDEAFIB Confluence zones, and with all this crap with bitcoin cash we could be seeing the final leg down, will be interesting to see how this plays out.
One more sell wave coming, here's whyWell everyone who is going long now, needs to learn how a bottom and reversal looks.
A drop like this, without ANY kind of bounce, is indeed very very weak.
What is more, the longs are still much higher than the short, meaning that too many people think this is the bottom, they want to long prematurely,
and BTC wants to naturally destroy as many people as it can XD
No, but really, 4h stoch RSI overbought, high longs, and no bounce. Looking as if BTC would like to finally see the high 4 thousands again.
I think it will do so the latest in 1-3 days, maybe even today in the evening.
The support area dates back to a peak from 2017, which topped at shortly below 5000. This is the area to watch.
Raven have to dive before it can fly again.Fibo and Elliot do the math together.
Sell @ 700 sat
Buy @ 520 sat
bear market lasts into 2019bitcoin's highs follow this line drawn using the fib tool. not going to the moon anytime soon. sorry bull ppl. also, it's a descending triangle. please stop drawing a perfect horizontal line across bitcoin's lows since december. thank you.
BTC good short entry bottom circle RED - Good indication to sell, price has peaked
middle circle - yellow - adx and di indicator, magenta is trend strength, while line is buy strength and its going down but grey line is sell strength and it has just turned up. if it crosses the purple horizontal line sell pressure is building and if magenta line stays up, trend is strong so sell trend is what I am looking to see as time goes on
top circle - grey candle, price down. the three lines in the circle, white, purple, magenta are moving average and price often moves to them or bounces on them. the bottom MA, magenta lines up with some volume (see volume in grey and white at side of chart, ) wicks often target these blocks of volume
so I am currently looking to see drop to 6330
and will assess if it gets there
6230 - 6240 I will place long there for now
The boat is still going down before "moon"Like mentioned in a comment on my previous published idea I have calculated four more signal dates one of which not so strong for October 18 or 19 and three stronger signals for October 23, November 1 and November 28. From there I sketched three different scenarios delimited by those dates. Another observation is that the longer it takes for the price to break up and a new uptrend to be confirmed (in green) the stronger the bullish momentum should be expected and the price should spike higher, delimited by the left ascending red triangle's hypotenuse. I feel strong about the price breaking down still below $5500 and settle above $4000, probably somewhere in the $4500's range, but let's see...
BTC Day TradeNew entry, TP, and SL
Day trade #1
Short
Daily results thus far: 0R
I am testing a strategy (revised version of the previous one) and will be posting All trades taken with it here.
These trades are in not influenced by my other positions and typically stay open less than 24hrs.
This is research and the strategy may change. These are actual trades I am taking. This strategy has a strike rate of less than 50% and an R:R of 1:3
Testing has been positive so far, and now it is time to live test.
Provided for educational purposes only.
Cumulative Results for test #2:
-2.5R
On a HTF analysis I have several buy signals that lead me to believe we are in accumulation. I have been buying longs on March futures and will continue to do so as long as BTC holds above 5800.
If I get a sell signal on the daily I will post. I have open long positions in ETH and TRX. And have a number of ALT coin positions
BTC is preparing to bottomBTC is consolidating in ending diagonal . My entry point for this short would be here around 0.786 from C-D movement and stop-loss above end of C-wave of triangle. BTC would bottom between 4500 and 5000 area because downfall(E-wave) could not be more than C-wave of ending diagonal of first pic
Waterfall incoming?! [BTC]We broke the bearflag pattern to the downside and are now in bear territory. If 6400 doesnt hold we will see a massiv drop.
Short Term ShortThe market in general has lost lots of incentive to invest. However there are a few hands that move the market.
It has been oscillating between highs and lows and now I expect the market to have a short term pull back. Here are the main reasons.
1) Volume is decreasing
2) Candles have touched the yellow uptrend line in the triangle 4 times already, potential inverse cup and handle formation.
3) Going back to the fact that the market lost a global incentive to invest, I still expect BEARISH ENVIRONMENT, EMA 100 and EMA 50 lines are consolidated with the candles. With the bearish market I expect pullbacks in this stage (in my previous analysis I longed the trade because the candles were way below the 2 emas.
4) MACD is not showing a positive momentum.
Waiting for a pullback the next 2 days and depending on the EMA levels I will have long entries.
