XBT has tried to break that key level of resistance multiple times now, the more times it is rejected the weaker it gets. after a quick spike up to 7300 last night we still closed below that resistance level. yesterday we broke the supply zone so you will see I have made the new supply zone which is at high 7's at this stage in my opinion if we close above res we...
simple chart on consolidation zones Still up and down in this zone however looks like some bullish activity is happening as we try to get back up to that supply zone Trend Bias is bullish 1hr chart Don't forget to follow me guys
An almost immediate bounce out of the supply zone yesterday indicates buyers are still in control No trade zone yet waiting for more conformation. Looks to me like this could be a temporary consolidation zone. before we head back up to supply 1hr chart XBTUSD love to hear you thoughts guys. follow me for more Bitmex TA linktr.ee/tennillewalsh
For at least three years now I have been advocating for the Bitmex futures "Cash and Carry" trade which is an arbitrage of the quarterly futures contracts versus the spot price of Bitcoin. With this recent selloff and hedge opportunity I wanted to demonstrate once again how this trade played out and its benefits. I've been telling people to do this not only in...
Key things to take away from this: TD9 is still giving a bear market state. Day traders can sell any selling opportunities if they think the bear is on. Any selling opportunity will most likely to work out. Trump's announcement called some people down. I am expecting the market to go up to set a good shorting opportunity. Take it easy team. See you on...
When charting (TA), we look at multiple timeframes and each timeframe has its own meaning and tendencies. Bitcoin (XBTUSD) can look bullish short-term, 1H timeframe while looking bearish long-term, weekly (W) timeframe, as an example. Charts are always changing... This is something to keep in mind. The 1H (short-term) chart can look bullish and strong at one...
This is my favorite trade. It is simple, logic, sure and damn effective. For this trade you have to identify 2 things. A trend and a price equilibrium. In this example we have three clear bullish impulse and 2 corrections. After the top at 10480 there was a decreasing selling pressure over the following three candles (smaller candle bodies). The firth...
Current Year view BITMEX:XBTUSD Marked more important levels. Yearly open YO Yearly low YL Monthly open MO Monthly high MH Monthly low ML Weekly open WO Weekly low WL weekly high WH Green if above YO MO WO Red if below opens. I'll update this post all months! You can see these levels in you chart with this script:
Presented is the Bitcoin Dominance Chart. We've since reached target of the major Broadening Descending Wedge it was on which granted many moon seasons pre 2019. I have marked all major resistances and supports, Fibs from the ATH to ATL. And then Fibs from the ATL to the current high of 2019-2020. Moving forward, these levels should be heavily respected, along...
Trading isn't easy, that is for sure. Of course the setups all seem easy on paper but when it comes to putting your money on the line IRL there are many traps. This is why risk managment and not going "all in" is so important. You must survive to profit. P.S. Thank you to all my long time followers and interacters. You guys have seen me at my heights and at my...
Now that I created indicators for tracking both Bitmex and Deribit futures, I decided to do a comparison between the two before we loose the December Futures Data. Initial observation is that Deribit Futures seem to trade at a higher premium. Let me know your thoughts? If you are new to my posts, please check out my other ideas and indicators in related links below...
In my experience Tradingview does not keep data of expired Bitmex contracts after expiration. The primary purpose of this post is to keep the valuable data from XBTZ19 contract from being lost forever. My indicator script XBT Contango Calculator Version 3 is used in this example to capture all the data from the December Futures contract. This post should be a...
If you would like to see how the XBT 2-hour Golden Algorithm performed in the bull run to 20k BTC then have a watch of this video. If you want access to the algorithm go to bikinibotcrypto.com
At the 4H-timeframe scale it can be clearly seen how perfectly correlated are Bitcoin and Ethereum price actions in the middle term. There are vertical flags with dates and time from the beginning of the observation till the current moment. Starting from the 21th of November you can see each sharp movement duplicates, even IHS patterns were formed in the same...
BITMEX:XBTUSD PLEASE LIKE, SHARE, COMMENT!!! #FRACTALS #PATTERNS #AUGUST 2019 ***FIRST POST #TRADINGVIEW*** *** STRICTLY SPECULATION. NOT FINANCIAL ADVICE*** *** DO YOUR DUE DILIGENCE AND CONDUCT YOUR OWN RESEARCH BEFORE INVESTING***
If yu have Questions reading trading plan from chart, plzzz ASK Me!!! Cheers, bitATX
Even if you dont get the first breakout in a cryptocurrency move, our B.I.T.S indicator suite for TradingView. A quick video discussing how our breakout indicator spotted and signalled a $360 move on Bitcoin on the 5 minute timeframe. Learn more about our B.I.T.S indicator for TradingView HERE