UnknownUnicorn4649511

UnknownUnicorn4649511

Price formed a rising wedge after its bounce. Validation of the pattern is also supported by the reducing volume as the price rises, revealing a divergence. Wedge top price matches with 50% Fibonacci level. If price remains below both of these levels, next move will possibly be the breakdown of the wedge. First target is at 2450. If you find the idea useful,...

UnknownUnicorn4649511

BTC just broke below the rising wedge support. We have a sign that upcoming couple of days is possible to be red. Question is how red. We have 2 possibilities to watch out for. A long scenario is unlikely to happen but it is still in play. We have a %35 chance to go higher and %65 chance that price goes lower. 1) Good news for now is that BTC hasn't revealed a...

UnknownUnicorn4649511

From top to bottom, strength of each support level gets stronger. Neutral interval between 5800-6400 may provide a strong support for a big bounce but I don't think that bounce will be high enough to end up bearish tone in the market. Strong interval between 4100-5000 is being the turn of the bearish market to bullish seems most possible. Last support...

UnknownUnicorn4649511 Updated 

At this point, we have 2 options for Bitcoin. Either it's forming a bear flag or it's heading towards the black trend line on the top. Here's possible entry points for long or short positions. Long Entries: 1) Above 10,400 2) 10,300-10,350 range 3) 10,150-10,200 range (Stop-loss: 10,000) Since I believe Bitcoin is unlikely to form a bear flag but rather will...

UnknownUnicorn4649511 Updated 

The time has come. It is the decision time not only for Bitcoin but I believe for alt-coins too. For a trailer of the upcoming ideas and TA: it is probably the time for Bitcoin to decide which direction to take. But before it takes a route to any of these directions, there seems to be a last hunt. It is not a stop-loss hunt but more of a hunt for over-excitement...

UnknownUnicorn4649511

In this post, I talk about what happened in Bitcoin and how we positioned ourselves, upcoming Bitcoin stages, and also define some conditions for the alt-season and speculate an idea for the near future. Last Week: Firstly, I am not a wizard but we did actually make 140% return in last week. Here's a short reminder of how we've done it and this is probably...

UnknownUnicorn4649511 Updated 

I guess you are about to witness many traders saying that the bull market is over or the bulls have just begun. I think it is too soon to say any of these and that's why whatever the direction is that you are positioning yourself, you are possibly wrong. I am not saying your trade will be a loser but what I am saying is that each direction seems improbable but...

UnknownUnicorn4649511 Updated 

This is preciseness at its best. This is nearly poetry. On the previous versions of the colored trade channel, I didn't precisely placed it on the previous top, indicated with a green circle on the left of the screen. Now look at 4th of August. Look how perfectly the price movements fit. Look how price finds support from the cherry line as it fails to reach...

UnknownUnicorn4649511 Updated 

www.youtube.com Well, it went further from my expectations and faster than I thought. This is some good news for bulls. They seem to have dominant control over bears for now and I believe this may keep on for a while. I was concerned about the low volume but today's volume will possibly be a big one. It's already reached yesterday's volume only in half day. I...

UnknownUnicorn4649511 Updated 

I have channels where the price happily bounces between It is a place where all candles are green Future is there to be foreseen Price is about to jump like a Mexican bean Reminder from the last post, I had an open long position with an average entry of 10710 (35% of the entry volume at 10835 and 65% of the entry volume at 10655). I closed half of my long...

UnknownUnicorn4649511 Updated 

Let's start with having a check on hour key resistance and support levels. By the time I talked about these key points where the price was is indicated with a blue cross on the chart.1st resistance level (10521) was first broken that was followed by a retracement bar. Then we close above Daily & Weekly resistance level (10590) but failed to reach next...

UnknownUnicorn4649511 Updated 

BITMEX:XBTUSD Chart may look a bit messy but stay with me on this, it will get clearer as I go through it. I prefer not to use fancy indicators but only daily/weekly/monthly key resistance/support levels along with some fibonacci levels and rsi. In overall, we are in the middle of last trading channel indicated with black lines. Parallel to this channel...