BITCOIN - Possible Fakeout Scenario (Be aware!)Hello guys, the price of Bitcoin (BTC/USD) is currently moving above the EMA 20, which indicates a possible uptrend.
Please be aware of a possible Fakeout scenario, which we have seen multiple times in the past (yellow boxes).
As long as we don't see a higher high (above $7.450) our trading direction is short .
I'm expecting the price to make another move towards our next support, located at the $5.200 level
from where the price could bounce in anticipation for the Halving event.
I don't see any reason to be bullish after this event.
Trade carefully!
cheers,
cryptobuller
Monetae
BITCOIN - Always Trade With The Trend (What's Next?)Hello guys, in this idea we use a basic setup to spot a possible trend change and to determine a general direction for our trades.
There is one rule i always try to apply when i throw money in the market - do not trade against the trend .
Especially not if you do margin-trades.
How to verify an uptrend:
The price is making higher highs and higher lows
The price is trending above the Moving Averages (50, 100)
New highs are approached with big buy volume (green)
How to verify a downtrend:
The price is lower highs and lower lows
The price is trending below the Moving Averages (50, 100)
Lower lows are approached with big sell volume (red)
As long as the price stays below $7.200, we are trading in a downtrend and only trade short positions.
Use additional trend lines to verify levels to look out for.
If you have any questions, feel free to join our monetae Crypto Hub (linked in my signatur) or leave a comment on TradingView.
cheers,
cryptobuller
BTC/USD - Fractal spotted! MAs & RSIHey guys, I have been following Bitcoin for a while now and I think this is the moment we see Bitcoin reverse its trend and test the lows.
Bitcoin has been propped up for multiple weeks now by the Federal Reserve, due to the continuous printing. In-fact, the federal reserve has been injecting $1,000,000 per second into the free-market. I want to warn you all that this is no longer a free-market. This is in-fact a giant ‘Ponzi-scheme’ with a blank check. The boomer generation are amassing serious debt for us (the younger generation) to deal with their mess in future years to come.
Recent weeks has shown the ‘coupling’ of Bitcoin with the American markets, but in the recent trading hours, Bitcoin seems to have ‘de-coupled’ from the USA markets, and I believe once trading closes, Bitcoin will fully start it’s decent into oblivion. We saw the increase in the USA unemployment filing, in which now a total of 16.68million Americans are now unemployed. This is the signs of a depression to come, and I believe Bitcoin, a ‘speculative-asset’ will not be in much demand when many people are trying to preserve capital.
Let's focus on the technicals. The price of Bitcoin is trending upwards for the past to weeks. While it's always risky to trade against a trend, we can spot some signs of exhaustion as well as a fractal, which led to a price decline of 12% from 28th of March to the 30th of March.
The price is moving below the SMA 50 (red line) and we will most likely see a Death Cross with the SMA 100 (pink line) in the next couple hours.
This could possibly trigger some big selling pressure and a retracement to the 0.618 Fib. Level, from where a Continuation or a Trend Change might happen.
This trade is also based on the reliability of the Relative Strength Index (RSI). We can see similar patterns that have different meanings.
If the price is moving in a Box / sideways and the RSI is trending downwards, we see actual selling on the market.
In this idea, we combine both indicators to open a position (short) in anticipation for a big move towards $6.600.
cheers,
cryptobuller
BTC/USD - Monday Volatility #3Hello friends! Please take a look at my previous "Monday Volatility" analysis before diving into this one (linked below).
The price of Bitcoin (BTCUSD) is moving in a Pennant, leading to a breakout which will most likely happen this monday.
Use the following ranges to profitably trade Bitcoin, either short or long.
Upper Range: 7200.00 - 8000.00 (long)
Lower Range: 6200.00 - 5600.00 (short)
We can see that the bears are in control of the market (yellow boxes). I personally expect a breakout to the downside.
Nonetheless, i will update this idea regularly and let you know which side of the trade we will take.
Make sure to like this idea and follow me to receive the updates.
cheers,
cryptobuller
ETH/USD - Bear Flag Spotted! (Trending Market)Hello friends! The price of Ethereum (ETHUSD) might be moving in a Bear Flag after a strong move, initiating a Trending Market .
We can watch the price consolidating in a upwards channel. The price hit the Resistance Line of the Channel at 153.17 followed by a rejection to 114.70.
The bears are still in control of the market, so please be aware of another heavy price drop.
A move towards 100.00 confirms the Bear Flag pattern.
I personally don't trade this pair and this idea - so please verify possible entries, exits and (trailing) stop-loss levels by yourself.
cheers,
cryptobuller
EUR/USD - Long Opportunity (Fib. Retracement)Hello friends!
The price of EUR/USD retraced to the 0.618 level after a strong uptrend. We use this level as an entry for the following targets in sight
Target 1: 1.120
Target 2: 1.130
Target 3: 1.141
cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
BITCOIN - Please be careful these days!After our previous trade (short) from $9500 to $6000 (Rising Wedge idea linked below), we took a step back and waited for the next trading opportunity.
We can now see a Symmetrical Triangle forming on the intraday timeframes, which is a continuation pattern during a trending market. This pattern consists of at least two lower highs and two higher lows. We can also see a divergence between the volume and the recent climb from our swing low ($3850) to currently $5500 .
The market reacts very aggressive to news surrounding Corona/ COVID-19 as well as the ongoing Saudi Arabia - Russia Oil price war.
Please try to react from a logical & fundamental point: we are just at the beginning of something very stressful for the whole world. This is most likely not the last time you'll see the market dip.
It's important to protect your capital and control your emotions. Don't sell at a loss if you did not got liquidated like everyone else did. The market is going to rebound, but simply not now. Try to add more to your positions on our way down instead of shorting in these volatile times.
We use the previous lows at $4400 and $3800 as potential buy-zones for an upcoming Breakout of the Symmetrical Triangle. I will update this idea afterwards.
cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
BITCOIN - Pullback & Continuation in a DowntrendHello friends! Use this simple technique to determine your entries & exits during a trending market. While the price is making lower highs and lower lows (=Downtrend), we can see small pullbacks to our previous support before another move towards our next support. We can see a completion of the Rising Wedge pattern around the 6800.00 area (previous low) from where i expect the market to go sideways and / or reverse.
cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
BTC/USD - Trading Plan (Halving 2020)Hello friends! This is my personal trading plan for BTCUSD during the next three months. I'm expecting a bearish micro-trend back to EMA200 , followed by an accumulation phase in anticipation for the Halving 2020 in May. Use the green levels to increase your long-position on BTCUSD.
It's important to trade the actual chart instead of relying on information that occurred only twice in the market. So please be careful with all the bullish hype on TradingView - we all want growth, likes & followers who are easy to attract if you tell them what they want to hear.
Feel free to share you charts in the comments section and let me know what you think!
If you have any questions or if you are looking for cryptocurrency trading-community, use the details on the bottom of the description.
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
BTC/USD - Did you buy the Retest? We did!Hello friends! We pretty much nailed it in our last trading idea for BTCUSD (linked below). As expected, the price touched our previous support, our key zone as well as our trendline at $8250 and bounced from here. After our confirmation level at $8380 got hit, we are long. The price is now back above the MA 50 (red line) and we might see another bounce.
Our target is located at our previous support from $8650 to $8750.
Congrats on those who followed the past two trades!
I will update you in this idea.
I'm also available on Traderlist if you want to follow and trade my portfolio of Crypto, Forex and Stocks.
Feel free to join our monetae Trading Telegram channel as well. The links are in my signature.
cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
ETH/USD - Short Opportunity (9% Profit Potential)Hello friends! The market took a hit but we were well prepared by working with confirmation levels and keeping an eye on Bitcoin (BTCUSD) price movements. The ideas are linked below, feel free to follow up.
In this trading idea, we will work with a confirmation line as well (dotted line). If the next two daily candles open in the red box, we will open a short position with our next support at ~$141.00 as a target (9% Profit).
The price is currently sitting above the EMA 20. The retracement is not supported by much selling volume. If we see the bulls returning at the 0.618 Fib level, i'm expecting the price to move up quickly.
Follow me to get frequent updates and notifications in this idea.
If you won't to follow my stocks, crypto & forex portfolio, visit me on traderlist (linked in the signature) as well as on our monetae trading Telegram channel.
cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
EUR/USD - Head & Shoulders PatternHello friends! This is an update of my previous EURUSD idea, which is linked below.
The previously mentioned trendline broke with a heavy and strong move. We can see how a Head & Shoulders pattern developed at the top of an uptrend (purple channel). The Neckline of the Head & Shoulders pattern is mandatory for this trade and a possible entry zone for a retest of the Neckline, which might be in play this moment.
As per textbook, we determine our target price with the pattern height, starting from the neckline. In my experience, the target projection rarely works out. While i want to demonstrate a trend-change in this idea, you should sell portions of your position on the way down.
Let's see how this works out. I will keep you updated! Follow me to get notified about my updates.
cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
BTC/USD - Buy the Retest! (Trendline & S/R Flip)Hello friends! This is an update of my previous idea, which is linked below. The price broke out of our range (red box in the previous idea) as expected and we are in a downwards move in this moment. While it's very tempting to catch a falling knife, especially after the price surge during the past two weeks, it's now important to verify possible entries. Our ultimate goal is it to reduce our risk, which is mainly influenced by heavy volatility.
I'm watching the ~$8250 level as a possible entry zone. We have the 0.618 located in this area, which is an interesting level for many traders. This level is intersecting with our Trendline as well.
We might also observe a Support & Resistance flip, which is described in the yellow box.
Let me know what you think and share your ideas in the comments section.
I'm also available on Telegram and Twitter for more frequent market updates. The links are in my signature.
cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
ETH/USD - Trendline Confirmed Hello friends! Ethereum (ETHUSD) is slowly climbing towards our Confirmation Line for a possible long opportunity, while the price-movement of Bitcoin (BTCUSD) is still going sideways. The confirmation line is mandatory for this trade! We open our long position as soon as we close above the line.
I'm expecting a breakout to our resistance with a nice opportunity of 4% profit.
Please manage your risk properly.
cheers,
cryptobuller
XAU/USD - How to trade this Rising WedgeHello friends!
Gold (XAUUSD) had a strong run-up fueled by news surrounding political issues with the US and Iran.
As the hype settled down, the price topped out slightly above the psychological resistance at 1600.00.
This event was followed by a strong rejection with a 5% decline, leading to the swing low at 1535.00, which is the first confirmation point for our support as well as our Target trading a Rising Wedge.
To confirm a Rising Wedge pattern, we are looking for the following signals:
The price touched the Support & Resistance line at least 5 times
Higher highs paired with declining volume (Divergence)
A prior downtrend
Increasing volume at the breakout
The breakout of a Rising Wedge usually happens very quick. I prefer catching my entry after a second confirmation candle.
As mentioned above, our target is located at the low of the Rising Wedge. Our Stop-Loss is located slightly above the most recent high of the pattern.
Feel free to share your ideas for Gold in the comments section.
I'm available on our monetæ Trading Telegram Channel , which is linked in my signature. Feel free to join us!
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
BTC/USD - Fractal spotted! Correction imminentHello friends! Bitcoin (BTC) had a great run-up and now it's time for healthy price correction.
We can see how well the Fibonacci levels are working here. The price is accumulating below the EMA 20 (blue) and the MA 50 (red),
which are both trending downwards. We can see a similar pattern from 10th to 13th January with minor volatility, followed by a very strong breakout.
We are targeting the 0.618 at 8250.00 as the strongest Fib level for a potential long position, depending how the market develops until this event.
Let me know what you think by sharing your trading-ideas in the comments section.
I'm available on our monetæ Trading Telegram channel, which is linked in my signature. Feel free to join us!
cheers,
cryptobuller
XRP/USD - Short Opportunity This idea will be updated regularly, so make sure you get notified by following me .
If you would like to see more trading ideas like this, please click the like button!
Pair: XRP/USD
Position: Short
Entry: 0.2318
Target: 0.2209 (4,5% Profit)
Stop Loss: 0.2367 (2.15% Loss)
Duration: 1-2 days
Risk: High - use low captial allocation
cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
EUR/USD - Long Opportunity (RSI & Trendline)This idea will be updated regularly, so make sure you get notified by following me.
If you would like to see more trading ideas like this, please click the like button!
Pair: EUR/USD
Position: long
Entry: 1.10880
Target: 1.1150
Stop Loss: 1.1059
cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
ADA/BTC - Repeating Pattern (EMA 20 Break)Hello friends!
We have an interesting short opportunity on Cardano (ADA/BTC). The price closed below the EMA 20, which multiple times resulted in a further dip below the SMA 50 (Yellow Boxes). I'm expecting ADABTC to retrace to our key level (Purple Box), creating a higher low on the daily with a decent chance of a bounce.
This scenario should play out within 1-2 days.
Pair: ADA/BTC
Position: Short
Entry: 0.00000489
Target: 0.00000472
Stop Loss: 0.00000497
Please use proper risk management and a stop-loss level according to your personal risk profile.
I'm available on our monetæ Trading Telegram Channel as well as on Twitter - Feel free to join me! The links are in the signature.
cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
BTC/USD - Monday Volatility Update (Bearish Divergence)Hello friends!
This is an update of a previous observation on the volatility of Bitcoin ( BTC ) on Mondays. I've highlighted the previous events which lead to this conclusion on the previous chart, which is linked below.
The price got rejected at the previously mentioned resistance at 9200.00. We see a strong reaction from the bears, attacking the market with a $600 decline in minutes. We can also see a bearish divergence.
I'm expecting the selling to continue once the other market participants see what happened. We usually have a lot of buy-volume on mondays.
That's when i expect the price to be at a good buy-zone for resuming the uptrend (8200.00 area).
Let me know what you think!
cheers,
cryptobuller
BSV/USD - Shitshow continues (Thanks for 700 Followers)Hello friends! As much as i hate trading heavily manipulated (shit)coins, we do have a nice trading opportunity with Bitcoin SV (BSV/USD).
The price is consolidating in a Bullish Pennant. The decreasing volatility is pointing towards a breakout of this pattern (which also appeared before).
It's important to notice that we do not trade inside the pattern. We trade the breakout , which is less risky.
Therefore, we need the price to hit our Entry level, which also confirms a breakout of the pennant.
Our Stop Loss is located around yesterdays low - i prefer having a tight stop loss when something is peaking at 500% during 2 weeks.
Our target is located above our previous high.
We need volume for a breakout. I don't expect retail traders to jump on Bitcoin SV during a breakout. This will more likely be backed by random (shit)news and wash trading.
Let me know what you think!
cheers,
cryptobuller
Daily Bitcoin Update - E08Hello friends! This is my daily Bitcoin update. Every previous chart is linked below. I will update you at every price event, so make sure you get notified by following me. If you would like to see more trading ideas like this, please click the like button!
The price managed to break through 8700.00 as expected in my previous idea. We're now at resistance area and i'm expecting a retracement to our buy zones (green boxes), followed by a phase of accumulation.
cheers,
cryptobuller