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Daily analysis XBT/USD 012Hello Everyone, Starting this analysis with the daily chart. Local daily high at $7836.5 and the 0.618 Fib is still untouched, volume is not sufficient to break the resistance line drawn by it. Possible retrace in the works, but it's to soon to tell. On the hourly chart we can clearly see that we are approaching the end of the flag pattern and entering the breakout area, this can be a make or break zone. Personal bearish tendency. Follow us on live stream on Twitch for real time analysis and trading tools : www.twitch.tv Bitwolf Capital hedge fund : bitwolfcapital.com Some brief explanation on the tools used in our Twitch stream: 1 Leftmost columns - Last trades with a min amount of 50k - designed to show short term trend (can help scalpers) 2 Mid columns - Buy and sell walls - Unique tool that shows the order clusters at certain levels, we recoment dont to trade solely on this tool as fake orders come and go 3 Right columns - Combined orderbook - A unique view of 7 Exchanges with buy/sell levels and live orderbooks. HIT THE LIKE BUTTON IF YOU LIKE OUR TOOLS AND ANALYSIS;
BITMEX:BTCUSD.P
by SublimeTraders
April 28 BTCUSD Bitcoin Chart Analysis. Hello, “Make it simple, make profit” It’s BitcoinGuide. Don’t forget to “Follow” me and press “Likes”. I will begin BTCUSD Bybit Bitcoin Chart Analysis for April 28th . This is a 30 minute chart created yesterday. Without much movement, It ended in a sideways upward direction. Days chart. There was no resistance wire touch, About adjustment I have made a Trading strategy. 30 minute chart. One way. Short Position Strategy. . Instead, final , Short Position-> Long Position Switching Strategy. If you break through the green parallel resistance line, Strategy is invalidat. Ignore the gap between weekends, You can also operate it with a long position. Instead, it's light blue at the bottom. Do not, breakaway the parallels. Each route and Check the short position entry section / long position entry section. Because the upward trend is strong, Short positions are divided into short runs. Thank you.
BYBIT:BTCUSD.PShort
by BitCoinGuide
Orderbook analysisLooking at the Heatmap on tradinglite i can see some big orders on Bitmex at 7576, if we dont hold that theres some more support at 7480 for the short term. We got sellwalls above on Binance at 7800, 7900 and 8000 at around 500BTC each. We also have alot of really big buy walls around deeper levels so some might anticipate a drop to retest previous lows. No financial advice, trade with caution. For the picture i choose i can add: Rsi isnt a tool you should rely on too much imho. Always use multiple indicators. Wolfpack id shows a similar divergence to the run up we saw before the big crash.
BITSTAMP:BTCUSD
by revorevo
3
Daily analysis XBT/USD 011Hello Everyone, Quick look at the hourly charts. Flag pattern takes shape more and more, with the pole on the 23rd of April, we're now at the midway between the top resistance(kinda strong and respected with 4 touchpoints) and the nearest support at $7627. I see a short opportunity here, however with tight stop. Follow us on live stream on Twitch for real time analysis and trading tools : www.twitch.tv Bitwolf Capital hedge fund : bitwolfcapital.com Some brief explanation on the tools used in our Twitch stream: 1 Leftmost columns - Last trades with a min amount of 50k - designed to show short term trend (can help scalpers) 2 Mid columns - Buy and sell walls - Unique tool that shows the order clusters at certain levels, we recoment dont to trade solely on this tool as fake orders come and go 3 Right columns - Combined orderbook - A unique view of 7 Exchanges with buy/sell levels and live orderbooks. HIT THE LIKE BUTTON IF YOU LIKE OUR TOOLS AND ANALYSIS;
BITMEX:BTCUSD.PShort
by SublimeTraders
1
Macro Thoughts: Bitcoin and Halving 2020Volatility in the cryptocurrency markets have been a complete drag this month. Luckily, the quadrennial Bitcoin halving takes place in 16 days, on May 12 and should provide the next macro move. As the Bitcoin halving approaches, speculation on the halving aftermath is going to ramp up. Knowing this, it is important to differentiate between actual fundamental news and shilling . Today, on Macro Thoughts , we review Bitcoin. Who Needs Strength? We begin today with the weekly view on Bitcoin. On the charts below I am focusing on the differences in market structure in relation to the previous two Bitcoin halvings that took place in November 2012 and July 2016. I highlighted the approximate having dates in red. At around each halving Bitcoin had established three specific market traits: higher lows, higher highs and RSI had been reestablished in bull market territory. Looking at the chart above, you can see that a clear trend had been established in 2012 and 2016 along with at least one higher low and one higher high. It is important not to get hung up on the number of higher lows and higher highs established. No market is 100 percent identical. Fast forward to the current Bitcoin price structure. Above, you can see that a higher low has potentially been established. However, unlike 2012 and 2016 there is a lower high. What does this tell me? To look at market strength to get more insight. I like using RSI because it provides a clean picture of the strength and weakness of a market and for some assets you can clearly see how RSI levels differ within a bull market and bear market. You can see examples of what I am referring to below. During the 2012 and 2016 halving periods, Bitcoin's RSI was reestablished in bull market territory, and had been for some time. Furthermore, you can see how during the period leading up to halving, the bull market RSI support level of around 52 was retested and respected. On the chart above you can see that current Bitcoin RSI has failed to reclaim historical bull market territory. This finding supoorts the evidence of lower highs. Although currently at a bearish posture, there is still two weeks left prior to halving. This is plenty of time for the bulls to reclaim a bullish RSI level. Until then, the combination of lower highs and RSI should be a concerning. Bias: Bearish . Place your bets... The cryptocurrency markets are still very young and immature. It becomes even more evident around the halving period. The expectation is that Bitcoin enters a new cyclical bull market after the halving. What if this isn't the case yet? From technical analysis perspective there are strong arguments against any bullish case. Place your bets carefully in the coming weeks!
BNC:BLXShort
by DailyClose
Bitcoin Bullish Update towards $8800#BTCUSD Update: #BTC finally Breakout upward with high Volume and hit our Upper Target $7800. we can expect Next Leg up toward $8800. If we break $7750 Resistance then we can go $8800 as well as $9550. $7750 is long term Strong Resistance level. Support: $7350/$7150/$6750 Resistance: $8035/$8800/$9550 $7150 is last Support for Bull Market. If breakdown then we will in Bearish Market. So keep in eye in those level. Please like and follow me for latest crypto updates. Thank you and please like my IDEAS and appreciate me. Thank you so much in advance
BITMEX:BTCUSD.PLong
by CryptoPatel
2
BEST MOMENT TO HOLD BTC FOR LONG TERM -- NEW BULLRUN ON WAY! EXPECTING THAT THIS ARE THE BEST MOMENT TO HOLD BTC FOR LONG TERM. its only waiting for the next whale , so btc will increase to 8.3K + We see a very strong btc, that stable at the trend waiting for more volume, and yes i expecting that volume will come.. and bitcoin will increase to high trend. --> i still follow the whale effect, MX trend 750 , what means it can breakout any time, there are some targets looks as the start of bullrun 2017. personaly 100% long term. # this is not an advice , trade on your way. # omisego expecting a huge increase , founder of ETH did support with the whitepaper and more. coinmarketcap.com If you like my post, pleas give it a like, and follow me on telegram or here for more updates. # my telegram account on home page. Have good day.
BITSTAMP:BTCUSDLong
by Protixder
4
All bullish counts are valid as long as fear doesn't take over!The count speaks for itself, the support levels we ran into are clear as well. I told you where to long the last drop already before it happened in my previous idea. Let's go over it one more time and let's not get ahead of ourselves in this market full of fear . I already told all of you to long Fibonacci support levels when we were going down . If you did so, you should also be in a long position that is now starting to get profitable (my long position turned out to be marked at 6860, and to be fairly honest with you, it should have been lower). As mentioned in the updates on my previous idea, I had limit long orders at: - 6950 (small) - 6850 (big) What I didn't mention is that I also placed a huge limit long at: - 6751.5 --> On BitMEX the market hit exactly that price, and filled some trades for 6751.5 dollar per BTC! Although my order was already laying there for more than a day, it was not one of the orders that got filled which is of course unfortunate. You cannot always be super lucky, and the position that I have right now will be more than sufficient for the plan I have in mind. Try to imagine how many people (traders) have not drawn Fibonacci and have not looked at my TradingView updates... Of those, I dare to say that more than 50% shorted the bottom. That's what wales try to accomplish with their price manipulation and short term ugly charts they draw at the bottom of support levels (same for the top of resistance levels) making the average Joe fill their big limit orders over time... How convinced am I about this count? Normally I would say I am convinced there is a much higher % chance of going up from here, with obvious support just beneith us, only very few Elliot counts I have seen so far can finish us where we've put the high. However, with all the fear in the market right now and the stock market dumping day after day again, nothing is certain. As I've mentioned before: Fibonacci could not have saved you from the all out Corona fear crash we had earlier. Although 8400 0.5FIB support gave us one last pump of about 10% before the crash, and 7700 golden zone support held the price steady for 1 more day, so even in the worst conditions you will still see the effect of Fibonacci fairly easily... This means all of this is always in play, but doesn't necessarily beat the fear in the market over time!
COINBASE:BTCUSDLong
by ItsShowtime
6