Despite the visible bullish figure on a 2-hour scale, the larger market is very neutral. We have good support around 3450 (Bitmex) and very significant resistance slightly above the 3700 (Bitmex) mark. To determine the future direction of the market, we need to go beyond the current flat, in which we have been stretching since January 10. On a more global scale,...
If we consider the possibility of a positive scenario for Bitcoin, then we can be in the lower part of the market cycle and we see the formation of a downward wedge, a pattern that indicates the possibility of further upward movement. Now we can observe a false breakdown (bear trap), but it is worth noting support areas that can hold the price well, and a further...
Pending stop orders for a pair of BTCUSD: Risk per trade: 3-5% Leverage: 15x Long entrance: 3443; Stop loss: 3378; Target 1: 3475; Target 2: 3508; Target 3: 3573; Short entry: 3378, Stop Loss: 3443; Target 1: 3345; Target 2: 3313; Target 3: 3248; After taking the first goal, we move the position to breakeven.
The market situation is increasingly beginning to resemble the beginning of 2015. Then, starting in February and ending in June, we observed an almost exponential decrease in monthly volatility. After that, the long-awaited "Bull Run" lasted more than two years. Now, in 2019, we may be seeing an accelerated version of these cyclical events. In December 2018, a...
Pending stop orders for a pair of BTCUSD: Risk per trade: 3-5% Leverage: 15x Short entry: 3522, Stop loss: 3571; Target 1: 3497; Target 2: 3473; Target 3: 3424; After taking the first goal we move the position to breakeven. Non-activated deposits are removed at 00.00 Moscow time. Today, only in short. Therefore, do not forget to set the trigger when installing a Stop Loss.
So, we see a drop to Fib 0.786, but if you look at the entire history of the Bitcoin price movement, you can see larger plums: in 2011, the price rolled back to -94% (from $ 35 to $ 2), also this year there is a drain to -83% (from $ 12 to $ 2), then draining in 2013 to -82% (from $ 259 to $ 45), then there was a drop in 2015 to -86% (from $ 1140 to $ 150), and...
LTC in relation to BTC looks very positive. The breakthrough was rather impulsive, after which we observe a regular pullback. A very good sign that resistance becomes support and the price does not go lower, if support continues to hold the price, it’s very likely that LTC will show a positive movement in the next few months. If the momentum is not lost, then it...
As you can see, on the scale of 1-day, the price goes down from the triangle and tries to lock in the bearish area, the positive is becoming less. Indicators also do not show positive signals.
#BTC On the 3-day scale, the candle inside bar is visible; as a rule, we can grow, if on this scale we close above the resistance of the mother candle 3800. If this succeeds, we can observe a more positive market for a while. If you can not get higher, the next month may continue in the side and maybe the price will be able to update the bottoms. Confirmation of...
#BTC The month-wide RSI goes below the past minimum visible on Bitfinex. As you can see, the market has not received adequate support, globally it is very likely that the RSI will continue to decline further to the oversold area. MACD on the same scale continues to look not promising, apparently, and will continue to decline. It does not seem that the market has...
#BTC (long) Pending orders for a pair of BTCUSD: Leverage: 5 Risk per trade: 1-3% Long entrance: 3676; Stop loss: 3646; tp 1: 3691; tp 2: 3706; After taking the first goal, we move the position to breakeven. Non-working pending orders are deleted at 00.00 Moscow time. After taking the SL or TP, the remaining deposits are removed.
#BTC On the 12-hour scale, the market has been oversold for several days already; the Stoch RSI can bounce and move up. The formation of the XABCD pattern is also seen, which may lead the price to the area 3466 corresponding to the level of Fib 0.786, which, as a rule, is often reversal and then we should expect a rebound. Globally, the market is now very...
Pending orders for a pair of BTCUSD: Leverage: 5 Risk per trade: 1-3% Long entry: 3648; Stop loss: 3584; Target 1: 3680; Target 2: 3712; Short entry: 3584; Stop Loss: 3648; Target 1: 3552; Target 2: 3520; After taking the first goal, we move the position to breakeven.
#BTC On a monthly scale, the market does not look the best, but there are still chances of becoming more bullish, the candle may turn green if current support is strong enough. On the scale of the day, we can see the range below which we cannot go down in order to continue the bullish scenario and move to the level of 5000. On the whole, the market does not look...
#BTC Medium is still bullish, indicators look positive. On a month scale, the formation of a green candle is visible, which can continue to increase and touch the upper edge of the downward channel.
#BTC Despite the similarity with the formation of lateral movement, Bitcoin is still at interesting levels to build another wave of growth. The support is very serious, going below 3650 will significantly complicate the likelihood of moving to levels around 4900 and 5600, however the market is still bullish and it is very real to see growth towards these...
Pending stop orders for a pair of BTCUSD: Leverage: 5; Risk per trade 1-3%; Long stop: 3834, target 3871 (close 50% of the pose), 3908 (close the rest); Short stop: 3760, target 3723 (close 50% of the pose), 3686 (close the rest); When one of the deposits triggers from the second, we delete the limit order that is take profit (TP), and leave the second one...
Pending stop orders for a pair of BTCUSD: Leverage: 5; Risk per trade 1-3%; Long stop: 3922; Stop loss: 3816; target 1 - 3969 (close 50% of the pose), target 2 - 4019 (close the rest);