BTCTUSD trade ideas
BUY Signal XBTUSDMARGIN - XBTUSD VIP
Position Size : 10%
Leverage : 10x
ENTRY : 9000-9100
Target 1 - 9178
Target 2 - 9240
Target 3 - 9340
Target 4 - 9450
Target 5 - 9700
STOP LOSS: 8874
Risk: 7/10
End of Distribution phase - high probability of trend reversalWe just got out of rising wedge formation ( 4H candle must close below formation support). According to Wyckoffian logic (google: wyckoffian logic distribution accumulation on images) we had a failed rally 30 May and are on the way down. Short term we may test MA200 4H, long test the marked fibonacci level. Please check for additional ideas on the chart.
Do not hesitate to give a like to support my work. Comments are also welcome.
Thank you and godspeed to all.
Perfect storm?Ascending triangle, support from the 20d ma, and a golden cross coming? Perfect storm or bear trap?
BTC ascending wedge #btc #xbtI hope this breaks to the up side, but ready to short a break downward.
Bitcoin is in a tightening range (triangle formation)Ciao Traders,
As highlighted in the chart bitcoin is in a triangle formation which is a continuation pattern of the downhill seen yesterday, but coution and stop loss is a must since bitcoin has often proven of not caring about chart patterns.
On a larger scale H&S formation which is bearish as well.
I would short about 7400/7500 USD with a tight stop loss because a push to the upside can easily lead us again above 8k levels.
Not financial advise, just keep in mind these 2 trendlines in 30 min and 1 hour chart and follow the trend.
TUSD/BTC - ELLIOT WAVES There are 2 targets. The third I consider it extreme and I wouldn't count for it, but who knows. Those two targets should be a nice spot to accumulate BTC. There will be a reaction on the first and eventually on the second target(if it gets to the second target), so you can trail your position and lose nothing.
Disclamer: Not a financial advice.
DOUBLE TOP!this is a very possible scenario if BTC keep holding up and down sideways.
BTC DOUBLE BOTTOM Scenario will play out
TUSD is going down, so what bitcoin does?On this chart you can see the mirror quotes of BTC and TUSD ( BTC - yellow thick line, TUSD - blue thin line).
On the smaller time-frames - there is a clearly visible rising wedge on TUSD, which tells us about an upward movement for bitcoin near time.
Various oscillators shows the same way, on the other hand - MACD on BTC shows strong bullish convergense.
So while everyone panic , we're buying ..
I hope you enjoy this chart.
TUSD vs BTC, TUSD wins!Given the negative correlation it has to BTC, TUSD will continue to be doing great as long as BTC is falling.
TUSD is going down! While BTC is moving UP!If TUSd stays below its trend line, it will be a great win for BTC.
TURN your screen 180° around and you will see the future of BTCI think that USDT will go down and BTC will go UP.
Bitcoin inverse chart Elliot Wave countTUSD is the bitcoin inverse chart on low time frames. It can still double top or have a failed new high but focusing on the boxes.
pic in commnets
Tusd btc 1hr chart1hr
Bullish on RSI, MACD , BB
TF 0.00029000 to 0.00032000
Went in @ 0.00026900
Let me know what you guys think about this. :)
Bearish Divergence on TrueUSD is Good News for BTC/MarketThe bearish divergence on the TUSD/BTC chart means the bears appear to be running out of gas. People are going to start leaving TUSD/Tether and start moving back into the market.
