BTC buying oppurtunity at 6k !Besides being bearish on bitcoin for this year, shorts keep increasing at a exponentional rate, and we are heading to the big big even at 6k.
Big players on this market will be looking for this level, to add to their positions, and we still have a big potentional for a short squeeze.
Trade setup:
Entry scaling between: 6k / 5.8k
Stop Loss: 5,3k
First profit taking target: 6.9k
TA
Btc road to 6k?In the yellow rectangles you can see the daily three black crows followed by a green small one followed by more downwards action.
Also its been respecting the 236 fib ma really well but the difference is, it wicked of the previous 2times at ATL. This time its staying right above it which acts as a good temporary support.
This is looking scary to me so i expect more downwards action.
Now ofcourse we can also just go up i wouldn't mind that! :D
Im thinking 6k will be the lowest low but it can always go to 5500.
I am not a professional also do your own research! :)
Btc not looking so hotLooking at the one day chart we can take into consideration of a 3 black crow pattern, poor strength on the rsi in any type of upwards trend at the moment, and a lot of failed attempts to break above the .236 fib level. I assume we will correct further down to the 7150-7k range and from there we can only hope to stay above $6950. Will be laddering into a short as we go.
Bearish and Bullish targetsWe are currently in an ascending triangle formation. Though this pattern can occasionally lead to a breakout, there is not much volume to confirm a continuation of an upwards trend. I have closed my long position and entered a short at 7625 with a stop set at 7689. With our current standing, I assume Btc will find support in the $7300 range and if that is broken our next support is $7200. If we fall past that expect a new low below 7055.
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Currently trending slightly above the .382We've been trending slightly above the golden ratio .382 on the 4hr fib. if we break back below that we will more than likely retest the trend line below. Still a possible bull trap as the flag is not longer than the pole and could still be considered a bearish flag formation. Strong resistance in this area.
Target hit perfectly. Updated bearish target.We've pulled back after stagnant movement near the .236 fib level on the 4hr as well as breaking down from the rising wedge we were trending in. Next target is the $7250-7300 range and if those are broken a possible new low following afterwards. If you find my charts helpful please feel free to check out my telegram channel...Link will be in the comments.
BTC/USD: The black hawks down? Hey ravers!
Maybe I'm beaked again, but I see the up-trend too weak. Keeping in mind that btc is in a bearish market since the beginning of the year, we shouldn't be too optimistic about this short bullish rally. The chart speaks for it self. BTC should go up to test the 100-MA resistance, but the fact is that it has failed to surpass the 7.7k line and that could take the most important cryptocurrency to drop to the 50-MA and prove its support. Also, the RSI is getting to the over-bought area, which means that btc could eventually drop in the very short term.
I'm just learning, but I see a double top and two uptrend lines that could be tested in the following sessions. Let's see.
Peace.
Dash Coin is ready to breakout !! Dash is almost at the bottom.
From past 5 months , the DASH is dumping hard.
Now the price is at buying zone. In past the price was going to moon from this level.
Chart already looks great to breakout, because
Falling Triangle Pattern, which is a bullish reversal pattern.
RSI is almost nearly to oversold zone..
But the price needs to break this resistance trendline to start its rally..
So there is a lot of chances that, DASH starts its bull run..
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Tron (TRX) consolidatingHello This is simply to educate others.
Daily chart for TRX/ETH is consolidating.
- Macd has cross over to the down side on Daily chart.
- Stoch RSI is pointing down
- Based on Bollinger bands We can enter around 0.00009230 eth for a possible move up (ASSUMING there are bullish signs and the weekly chart isn't pointing down as well otherwise we will continue to go down if support doesnt hold)
Based on those we can expect more down side before any further movement up.
Worse case scenario I see Trx going down to 5 cents where it will be a good entry point for those looking to buy.
As a side note BTC has control over what happens with the all Alts so for now paying attention to how BTC behaves is a must before entering any trades.
I did not sell my coins im Holding until we move up again. Thank You for reading!
I will update the chart if i see any signal of positive later on.
Please like / follow / comment if you like my first post! :)
Please remember crypto is volatile and always invest only what you are willing to lose.
Buy at your own risk.
Rising wedge = Decision timeCurrently in a rising wedge pattern. No trade zone for me until confirmation of a breakout upwards or leg down. looking more bearish than bullish to me. Bullish divergence on the 4hr rsi was broken and we continue to trend below it. a nice green candle above the high of 7560 will invalidate my bearish call and possibly proceed past 7600 if we breakout with enough volume.
Sitting on a major trend line right now. Sitting on a major trend line support/resistance level right now. Hopeful for a break back up to retest 7599 but set my stop accordingly. prepared for a hard dip but still hopeful we'll remain bullish. could be a turning point within this hour. 7520 will either as strong support or immediately be broken. looks to be a cup and handle forming.
Bitcoin correction probably endingBitcoin has been long on the downtrend. As you can see from the chart bottom should be at 7 000$ but we need to break at least 10 000$ to be sure that the downtrend is over. Next 50 days will show if we are going to see new highs on near-term. If we break 7 000$ we have supports at 6 500$ and 6 000$. Daily RSI is also approaching 20 and is on our side.
If we can get 20 likes I will continue to update this regularly
CVC/BTC Binance Listing TA Hi Everyone,
As you've all heared, Civic got listed on Binance today, which created a nice 24% hike after the news about the listing broke out.
Just for you're info, Binance opened trading for CVC/BNB, CVC/BTC and CVC/ETH trading pairs on 28th May at 09:00 AM UTC.
What is Civic CVC/BTC?
Civic is a personal identity verification protocol that leverages distributed ledger technology to better manage digital identities. As with blockchain projects focusing on supply chain management for consumer products, Civic envisions a safer, cheaper, more efficient identity verification method for individuals and industries around the globe.
Imagine how many times you’ve had to go through a Know Your Customer (KYC) verification process. Whenever you apply for a new job, open a bank account, or participate in an I.C.O, you have to submit proof of identity and wait for it to be verified. Depending on the service, this could take days or weeks, as organizations have to spend the time and resources authenticating this information with outdated systems.
Civic is offering a new-age solution to this problem, one where a single input of your personal identity information allows any organization or service to cross-check it on the blockchain without asking you to provide the same data twice–personal identity verification that is transferable from one service to another.
How it Works?
Civic’s network accommodates three different–but interdependent–individuals/entities: users, validators, and service providers. The users are anyone who wishes to use the protocol to register an identity, and Civic makes this easy and safe with its Secure Identity app.
Validators are responsible for verifying an identity’s authenticity on the blockchain’s distributed ledger. They can then sell this information to service providers who need to verify their customer’s identities, exchanging the data for CVC. Civic is built on the Ethereum blockchain and uses smart contracts to oversee data attestation and payout for this work.
Want to learn more about this amazing project ? Check out the link coincentral.com
Technical Analysis Time !
As you can see a huge spike towards the 6k satoshi was created by the listing (on Binance), and as a trader I always try to catch the bottom of the correction which usually happens after a coin get's listed.
The best thing to do is to wait and be patient.
I opened my Charts and checked out the 5min frame of CVC/BTC and after waiting a bit you finally start to see the RSI level taking shape. I followed that RSI signal until it hits the oversold point (usually starts when it hits under 30).
When that occured, a bought my self a nice bag of CVC/BTC at 4400sats. In other words, Jackpot.
The buy vol started to kick we mooned.
Please use this TA as a start for you to see where the resistances are located, so i might help you making some nice gains !
As you can see the Stoch RSI just crossed upwards, which means we are going to see another room very soon.
MACD is still not showing any good signal, just because the listing happened today. Tomorrow we will be able to see more in this 15min chart.
I hope this can help you, as it helped me making a nice profit today on this listing.
Keep in mind that this coin is an amazing investment, its being listed on the last large exchange, they are already listed on so many good exchanges that have lots of volume, this coin will only grow more.
Thank you for reading this !
Donc forget to hit the like button if you learned/enjoy !
Raw_Blits out.
Long Term View of BTC I am bullish here with BTC in the low 7k range. Volume has dried up to almost nothing, indicating a big move is coming. Daily RSI is approaching oversold. Beginning to see bullish divergence in the 4H RSI.
Looking at where BTC has come from and where it is now, the run to 20k pales in comparison to the previous tops at $260 and $1,160.
For people expecting BTC to drop below 4k, keep in mind that it would need to break a trend line that has held for 2,365 days.. and counting.