Chop. c h o p. CHOP.
The last 3 months have been nothing but ranging chop and have humbled many traders.
I am not a big fan of trading ranges, but have had some good trades nonetheless playing the support and resistance levels.
I've also had my fair share of stop losses hit in the nasty stop hunts on the low liquidity...
Hi, today we are going to talk about Bitcoin and its current landscape.
We observe on at the weekly chart that the 2019 bull run it's actively resisting at trend continuity the 38% of Fibonacci retracement. The most important level to the continuity of the bull run became support almost impassable, putting the price as a critical point of this level. With the...
At the moment, the Bitcoin price trades in the middle of the range, inside the chart patterns and we are all waiting for that big move - because the price getting close to the triangle tip.
Currently, I don't see any clear trading opportunities but I have some great opportunities and scenarios for the future price action, after some breakouts and etc.
Hi friends! Welcome to this update analysis on Bitcoin! Let's get right to it! Looking at the weekly BTC chart, you can see that we've been consolidating for around three months now, as price has chopped around inside of this triangle formation. There has been a lot of speculation among analysts in the community, with regards to which direction this pattern could...
Charts represent people’s behavior, their reaction on the news, and all information about this market.
When someone tries to present it as secret information, I want to tell you - don’t be so naive! In trading, there are no secrets. This is a chart pattern which you can see in any market and any timeframe. And if you know Technical Analysis - for you it won't...
Another short term pattern on Bitcoin. This time the chart is self explanatory.
The 1W Descending Triangle has been following a Lower High rejection pattern on the 0.786 Fibonacci retracement level. Only one time this level wasn't reached but still the 9100 1D Support held and didn't break the sequence. Proof is that on the next bottom the 0.786 retrace was...
Hi, today we are going to talk about Bitcoin and in a Day Trade opportunity.
We observe a 15 min chart, some important points such as supports and resistances (and levels of strength) to the Day Trade. The details are highlighted above.
Thank you for reading and leave your comments if you like
In the previous BTC UPDATE we told you that the price should face a correction after trade above $10060 and after the correction downtrend might continue.
Now we can see this logical correction after big dump. The spread was inside a huge triangle, where the price tried to break out several times, but then broke down the support. We could see bulls weakness, when...
Reasons for open position:
- Price accumulates in Big Triangle
- Mid-term trend is long
- Next resistance zone near 15.000 dollars per one BTC
Guys, if you like the idea please put like button and if you have your own ideas you can share it in comments, I would glad to see it too and I will put likes to them too if they will be good :)
Bitcoin (BTCUSD) just broke with a big red candle below support... This is no surprise as we were expecting a drop.
On the chart above you can see the different support levels (blue) and resistance levels (magenta).
This breakdown just started so it needs time to develop...
Here you can see our full trade for this setup, here you can find specific details for...
Reasons for open position:
- Price in Triangle
- Price try to breakout resistance level
- Key (resistance) level is 10480 $
Guys, if you like the idea please put like button and if you have your own ideas you can share it in comments, I would like to see it.
Thank you very much for your support!
BTC / USD TA
Keep it simple with this trade. It's quite simple with this one, we have 3 options... You can either set a LONG for medium risk trade, SHORT for medium risk trade or HEDGE them for low risk.
If you're looking at LONG, have stop loss at around 5% or $9,750
If you're looking to SHORT, have stop loss at around 2.5% or $10,550
To hedge, open...
Here is a detailed set up for trading inside the current BTC consolidation pattern.
Rather than identifying all of the Elliot Wave detailed counts, the key is identifying where Wave C ends. Wave Cs always have five wave structures that are much easier to identify than other complex corrective wave patterns.
Please follow us if you like our ideas! Let us know...
Bulls need a 4 hour trend change to be looking for the daily higher low. If we get it today or tomorrow we will look to stay within this daily range until weekend. While we remain in this tightening range, Alts continue to have some slack to make their own moves.
ETH and LTC continue to have goo weeks, and today we are watching to see if LTC can play laggard and...
Bitcoin (Day)Trading Strategy® by Monfex for your attention.
While Bitcoin is sliding sideways, in a narrow range and most of the day, it is worth trying to switch in the Scalping Mode on 15Min Timeframe.
Our Advanced Chart Analysis provides simple trading strategy on this ranging market of 17SEP19:
* First, determine the direction that the price...