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Two Reasons Why Bitcoin May RallyBitcoin has pressed lower, but is finding strong support just below $60K. We are seeing quite a bit of support around $59.4K, confirmed by a cluster of green triangles on the KRI around this level. We are starting to see quite a bit of volatility here, which likely suggests that bull momentum is soon to return. If so, the next targets are $61.6K, $62.4K, and $64.3K. If the bear momentum continues, then we will have further support from $57.7K, $56.8K, and $55.7K. The Kovach OBV was pretty bearish, but has turned up sharply providing a second long signal in addition to the KRI.
BITSTAMP:BTCUSDLong
by quantguy
2
Two Ways to Trade the Bitcoin Meltdown!!Bitcoin has melted down as looming US regulation and a China crackdown weigh in on the price. We have breached the $60K handle, but found strong support from $59.4K. Readers should be very familiar, and we hope you were prepared. The Kovach OBV has turned sharply bearish, but is starting to look oversold, indicating that this could be a good place to buy back. Just watch to see how the price action deals with these lower levels. We could form a bear wedge from here, before dumping lower. If that is the case, then we should see continued support at $57.7K, $56.8K, and finally at $55.7K. If we do find support at current levels, then $61.6K is the next target.
BITSTAMP:BTCUSD
by quantguy
2
FTM - Trio Retest!Hello Trading Family, FTM is approaching an interesting area. What I call "TRIO RETEST" Here is why => The Highlighted Purple Circle is the intersection of Three key rejection levels/zones. Retest 1: Brown Trendline Gold is overall bullish and currently testing the brown trendline which acts as non-horizontal support. Retest 2: Lower Red Trendline The lower red trendline is the lower bound of the channel which I consider as an oversold area. Retest 3: Green Support - 1.9-2.0 The green level is a previous resistance turned into support As per my trading style/plan: I will zoom in to lower timeframes and look for bullish reversal setups (like a double bottom, trendline break, and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good Luck All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
21
HODL SAITAMA WOLF PACK!!After the Las Vegas Event some investors were expecting more details about upcoming projects and looking forward to the release of Saitamask. Unfortunately the event did not live up to the expectations of many investors however the future for Saitama still looks bright . The utility, tokenomics and community of this project is second to none. There will be several major exchange listings revealed in the incoming weeks. the community now has over 236K account holders, the Saitamask app will be going live in a couple weeks, new partnerships are still to be announced, and we havent even finished this year! I hope this information is helpful and I wish you all the best!
SLong
by MrMitchellCrypto
Bitcoin Finds Support. Can it Breakout??Bitcoin has recovered from a sharp dip from highs. We got smacked down from $66.8K to test the lower $60K handle, finally finding support at $62.4K, confirmed by a green triangle on the KRI. we are currently facing some resistance at $66.3K, as confirmed by two red triangles on the KRI. The Kovach OBV is pretty flat, so we anticipate further ranging in the $60K's. From above, the next target is the high at $66.8K, from below we have $64.3K and $62.4K to provide further support.
BITSTAMP:BTCUSD
by quantguy
1
ETH - Bulls Taking Over Soon?Hello TradingView Family, this is Richard, if you like the idea, do not forget to support with a like and / or comment. ETH is now in a correction phase / short-term bearish trend - after rejecting the upper orange trendline and breaking below the last low. The bears are in control for now since ETH is making Lower Lows. However, they seem to be exhausted as ETH is failing to make lower lows. Even though the bears are getting weaker, we can't say that the bulls took over, not yet. For the bulls to take over again for a shift in momentum from bearish to bullish, we need a break above the last High marked in gray. We have got two possible scenarios, either breaking above the upper gray area / current high, or forming a new swing high (lower gray area) then breaking it upward. Meanwhile, and until the bulls break above the last high, ETH would be overall bearish and can still dive inside the support till 4450 or even break it downward. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:ETHUSDLong
by TheSignalyst
39
ETH - Trend-Following Setup!Ethereum rejected the upper orange trendline ... WHAT NEXT? ETH is still overall bullish trading inside our orange channel, we will be looking for Trend-Following Buy setups as it is approaching the lower bound / orange trendline. Moreover, the area 4450-4500 is a "Resistance turned into Support". So this area is very strong as it is the intersection of the green support and lower orange trendline. As per my trading style: I will be waiting for the bulls to take over again by breaking above the gray channel to buy. Unless of course, the bears manage to close below the blue support, then the momentum would be shifted from bullish to bearish. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:ETHUSDLong
by TheSignalyst
25
Bitcoin Looking Weak 😨Bitcoin appeared to be finding support at $64.3K, but momentum has weakened once again. We are currently finding support just below this level, with some green triangles on the KRI serving as confirmation. But the price action is 'rounding off' which looks weak technically. The next level of support from below is $62.4K. This level and $61.6K should provide support, but these are the last two levels in the $60K handle. We do still anticipate Bitcoin to hold the $60K's, but if not, $59.4K is the next level if we break through to the $50K handle. If we catch a bit, $66.3K is the next target.
BITSTAMP:BTCUSD
by quantguy
2
LBFOAT (LARGEST BULL FLAG OF ALL TIME) NEARING COMPLETION.When in doubt, zoom out. Never ever in my life have I seen a more bullish monthly chart. AMC must test $38 one more time, possibly with the most volume we have ever seen, really depends on how much liquidity hedge funds still have. An artificial intelligence-based portfolio that outperforms the S&P with no human input just today sold Facebook and Wal-Mart and went long on AMC. Must I say more? AI is the future. Patience fellow apes. Only a waiting game. HODL. 8. 01 . NOT FINANCIAL ADVICE.
NYSE:AMCLong
by zzzzzzayyzzz
11
How to Trade the Bitcoin SelloffBitcoin dumped at highs, but has found support exactly at the levels we identified yesterday. In particular, we saw good support at $64.3K, even though the wick on the selloff candle brought us down to $62.4K or so. The Kovach OBV is oscillatory, so we anticipate some ambivalence here. Watch for resistance at $66.3K then $68.6K. The crypto market was starting to become overbought so a selloff was to be anticipated. This is a minor retracement in terms of how voraciously Bitcoin has dumped in the past, so current levels may present a buying opportunity.
BITSTAMP:BTCUSDLong
by quantguy
6
COTI - Will History Repeat Itself?Hello TradingView family, this is Richard. I find COTI chart interesting. I have been holding/following this one for a year now and noticed that lately COTI is respecting the inverse head and shoulders pattern well lately. We are no doubt overall bullish trading inside the two blue trendlines forming a rising broadening wedge. Previously COTI approaches the lower bound / blue trendline, formed an inverse head and shoulders pattern, and traded higher. This happened twice! Are we going to see it happening a third time? We are waiting for the right shoulder to form, then buy on the gray neckline break upward. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
24