https://www.tradingview.com/x/NVPyJ9RH/
Bitcoin : Halving and the perspective of parallelity
Hello all, today is a very special day for bitcoin especially. Because today is the event that take place of every 4 years in the crypto space. This event called the halving. The halving of bitcoin is the event that take place to cut half of the miner's reward. This is however will give both direct and indirect effect for bitcoin's price.
On current chart work, I will try to cover the bitcoin's current condition. Based on current condition, the price is still trending inside the up trend channel. Although the price has already broken down the median line of the channel, but still the lower line which acts as a support trend line hasn't been broken down by the price.
The other thing that is important is at the RSI and MACD on this 4 hours chart. The RSI is trending with a combination pattern of lower high and lower low which leads the RSI to enter the bearish zone which is below the 40 level. Similar with the MACD, the histogram is having a hard time to claim back the positive side which represent that the bear is in control of current structure.
With all of this thing that I found, I prefer to open a short position when the price breaks down of the lower line of the channel. Because with all the oscillator indicator which indicate the bears are still in control, there will be a perfect condition if the price breaks down of the lower line of the channel. The risk will remains low with a high probability of return if the short can be confirmed.
Bitcoin : Halving and the perspective of parallelity
Hello all, today is a very special day for bitcoin especially. Because today is the event that take place of every 4 years in the crypto space. This event called the halving. The halving of bitcoin is the event that take place to cut half of the miner's reward. This is however will give both direct and indirect effect for bitcoin's price.
On current chart work, I will try to cover the bitcoin's current condition. Based on current condition, the price is still trending inside the up trend channel. Although the price has already broken down the median line of the channel, but still the lower line which acts as a support trend line hasn't been broken down by the price.
The other thing that is important is at the RSI and MACD on this 4 hours chart. The RSI is trending with a combination pattern of lower high and lower low which leads the RSI to enter the bearish zone which is below the 40 level. Similar with the MACD, the histogram is having a hard time to claim back the positive side which represent that the bear is in control of current structure.
With all of this thing that I found, I prefer to open a short position when the price breaks down of the lower line of the channel. Because with all the oscillator indicator which indicate the bears are still in control, there will be a perfect condition if the price breaks down of the lower line of the channel. The risk will remains low with a high probability of return if the short can be confirmed.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
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Noice, $4 billion tokens.
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Very simple chart once again on the 4H. Price is facing resistance at $8920, a 4H close below this level consistently means a trip down to $8075. A good setup would be a short here and stop loss above $9150 for aggressive or wait for this 4H candle to close below again to enter the short. A close above $8920 means we're looking at $9200.
https://www.tradingview.com/x/wwSdZWLb/
https://www.tradingview.com/x/wwSdZWLb/
#BTC_Update ‼️
Possible Scenario ☝️
Only if Holds $8800 Support Level.
I've Been Calling $9260 as an Important Resistance Level That Bitcoin Needs To Test Before Going For Correction.
And Now Since it's That Close To it,
I'm Expecting BTC To Test Out The Resistance.
Possible Scenario ☝️
Only if Holds $8800 Support Level.
I've Been Calling $9260 as an Important Resistance Level That Bitcoin Needs To Test Before Going For Correction.
And Now Since it's That Close To it,
I'm Expecting BTC To Test Out The Resistance.
#BCH/USDT (Binance Futures)
LONG
Leverage : 10x
Entry : $235 - $233.50
TP(s) : $237.4 | $239.6 | $242 | $244.3 | $246.7
Wide Range : $250 | $253.7
StopLoss : $230.90
(Risky_Trade)
LONG
Leverage : 10x
Entry : $235 - $233.50
TP(s) : $237.4 | $239.6 | $242 | $244.3 | $246.7
Wide Range : $250 | $253.7
StopLoss : $230.90
(Risky_Trade)
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
#BTC_Update ‼️ Possible Scenario ☝️ Only if Holds $8800 Support Level. I've Been Calling $9260 as an Important Resistance Level That Bitcoin Needs To Test Before Going For Correction. And Now Since it's That Close To it, I'm Expecting BTC To Test Out The…
So, Those Who Followed Our BTC Analysis...
Congratulations For Your Profits.
That's About +64% ROI
Even With 10× Leverage
Cheers 🍸
Congratulations For Your Profits.
That's About +64% ROI
Even With 10× Leverage
Cheers 🍸
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
#BCH/USDT (Binance Futures) LONG Leverage : 10x Entry : $235 - $233.50 TP(s) : $237.4 | $239.6 | $242 | $244.3 | $246.7 Wide Range : $250 | $253.7 StopLoss : $230.90 (Risky_Trade)
#BCH/USDT
Long Call Was Shared Here...
Price Hits $235.20
(Almost To Entry Price)
& Then Reached $242
Targets 1, 2 & 3 Achieved ✅
Huge 29% Profit 🍸
Long Call Was Shared Here...
Price Hits $235.20
(Almost To Entry Price)
& Then Reached $242
Targets 1, 2 & 3 Achieved ✅
Huge 29% Profit 🍸
#BTC/USDT (Binance Futures) ‼️
SHORT
Leverage : 5x / 10x
Entry : $9520 - $9600
TP(s) : $9430 | $9330 | $9240 | $9140 | $9050 | $8950
StopLoss : $9764
BTC/USDT is The Only Pair That is Playing Dirty Here.
Created Another HH in Lower Frames,
Rest Other USDT Pairs Are Dumping...
Let's Bet On Bears 🙌
SHORT
Leverage : 5x / 10x
Entry : $9520 - $9600
TP(s) : $9430 | $9330 | $9240 | $9140 | $9050 | $8950
StopLoss : $9764
BTC/USDT is The Only Pair That is Playing Dirty Here.
Created Another HH in Lower Frames,
Rest Other USDT Pairs Are Dumping...
Let's Bet On Bears 🙌
https://www.tradingview.com/x/I9QhaYVP/
Ethereum play is still valid! Give my baby boy a move!
If we talk about which crypto asset which has the most correlation with bitcoin, it will be very ignorant to me to not answer Ethereum. Yes, Ethereum is having a positive correlation with bitcoin and it's highly correlated to it. Like you can see on the last 2 days when bitcoin has its bounce with 10% up from the local bottom, Ethereum is doing the exact same thing with the 16% from its local bottom. And because bitcoin is having its bullish momentum on play, here we must expect the same thing on Ethereum.
I'm not just looking from the correlation perspective. But, on its chart work too. The technical analysis is showing us the same thing and funny that I've waited for this pattern since May 6th. Looking at the pattern, the major parallel channel here is the white up trend channel and it hasn't been broken down even when the price was at its bearish pressure on May 10th. There are several action from the previous performance that had the same bull flag pattern with today's bull flag pattern and it's all ended up with the spike of going up!
Now, if we look at the RSI, it moves perfectly to above the 60 level which is the shifting area from the neutral to bullish momentum in play. So, there is still a high probability for the price to test the higher zone of resistance and I have my conservative target on $240 if the price can breaks out of the upper line of the flag.
Ethereum play is still valid! Give my baby boy a move!
If we talk about which crypto asset which has the most correlation with bitcoin, it will be very ignorant to me to not answer Ethereum. Yes, Ethereum is having a positive correlation with bitcoin and it's highly correlated to it. Like you can see on the last 2 days when bitcoin has its bounce with 10% up from the local bottom, Ethereum is doing the exact same thing with the 16% from its local bottom. And because bitcoin is having its bullish momentum on play, here we must expect the same thing on Ethereum.
I'm not just looking from the correlation perspective. But, on its chart work too. The technical analysis is showing us the same thing and funny that I've waited for this pattern since May 6th. Looking at the pattern, the major parallel channel here is the white up trend channel and it hasn't been broken down even when the price was at its bearish pressure on May 10th. There are several action from the previous performance that had the same bull flag pattern with today's bull flag pattern and it's all ended up with the spike of going up!
Now, if we look at the RSI, it moves perfectly to above the 60 level which is the shifting area from the neutral to bullish momentum in play. So, there is still a high probability for the price to test the higher zone of resistance and I have my conservative target on $240 if the price can breaks out of the upper line of the flag.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
This is beyond scary
Played out beautifully.
It's time you pin our channel to the top and turn on notifications
It's time you pin our channel to the top and turn on notifications
https://charts.cointrader.pro/snapshot/9f1sJ
Here is my specific reasons why I can't be so ignorant with the potential bearish push in the future for long term especially.
1. Currently the pric is still trending at the grey region which was a support back at July 2019. It was a strong support and considering this fact, this current region is becoming a resistance now.
2. Even if the price can breaks out of current grey region, there is still a huge resistance above which is the blue region that the price needs to breaks. With current movement if we compare to the RSI indicator, there is still a bearish hidden divergence in play. That's why breaks out of the blue region will invalidate the hidden divergence scenario.
3. MACD histogram is still trending at the negative side and there is a death cross on the MA on MACD indicator.
In summary, There is still a potential movement to go to the upside for short term. But for mid and long term will be a tricky one. There is a good fundamental but the Technical is not as good as it looks.
Here is my specific reasons why I can't be so ignorant with the potential bearish push in the future for long term especially.
1. Currently the pric is still trending at the grey region which was a support back at July 2019. It was a strong support and considering this fact, this current region is becoming a resistance now.
2. Even if the price can breaks out of current grey region, there is still a huge resistance above which is the blue region that the price needs to breaks. With current movement if we compare to the RSI indicator, there is still a bearish hidden divergence in play. That's why breaks out of the blue region will invalidate the hidden divergence scenario.
3. MACD histogram is still trending at the negative side and there is a death cross on the MA on MACD indicator.
In summary, There is still a potential movement to go to the upside for short term. But for mid and long term will be a tricky one. There is a good fundamental but the Technical is not as good as it looks.
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#BTC_Update ‼️
Bitcoin is Facing Lot's Of Resistance On it's Way.
DownTrend Resistance
Followed By, TrendLine Resistance.
These Resistance(s) Needs To Be Brokenout Or Else,
Bitcoin Would Test $9050 Support Area.
Fingers Crossed 🤞
Bitcoin is Facing Lot's Of Resistance On it's Way.
DownTrend Resistance
Followed By, TrendLine Resistance.
These Resistance(s) Needs To Be Brokenout Or Else,
Bitcoin Would Test $9050 Support Area.
Fingers Crossed 🤞
#BTC/USDT (4Hr) ⚠️
Bitcoin Has Successfully Brokeout On 4Hr Time Frame
Now, Let's See if it Holds On Re-Test.
Bitcoin Has Successfully Brokeout On 4Hr Time Frame
Now, Let's See if it Holds On Re-Test.
https://www.tradingview.com/x/bL70e5MB/
Bitcoin : The weekly candle close and the perspective of it
Hello all, Happy Monday and I hope you are all doing great in this market. Now, I want to cover the weekly view of the bitcoin in very detail analysis.
The first thing that I want to give the highlight is usually become the most important thing which highly affect the market movement. And from this technical view, the previous performance becomes the most important. Looking at the top of bullish market around July 2019, we can see that there was a shooting star candle followed with an extra bullish candle but due to there isn't enough strength of that bullish candle, the close price didn't close above the high of the previous candle and that's why the price goes down in upcoming week. Similar with this movement, the price has shown us a similar price action with the July 2019 top. Is this action only a bull trap? We should wait.
The second thing is that the price is still trending at around the blue resistance point. This resistance however is a strong resistance due to the previous action of the price too. Back at the September 2019 when there was a beginning of the bearish market confirmation with a breaks down of current level. Which makes current action to retest the previous broken support as resistance here.
The third and the last thing to see is the RSI as the oscillator indicator. This might be the only reason why I leave current movement for the long term unbiased. Yes, at this indicator the RSI is still trending on neutral zone between the 60 - 40 level which is an area of uncertainty. Breaks above the 60 will make the bullish bias and breaks below the 40 will confirm the bearish bias.
At last, there is a quotes saying patience is gold and I think this time we have to apply this quotes as well. We haven't understood yet whether this action is bull trap or not. But, it looks like a bull trap for me.
Bitcoin : The weekly candle close and the perspective of it
Hello all, Happy Monday and I hope you are all doing great in this market. Now, I want to cover the weekly view of the bitcoin in very detail analysis.
The first thing that I want to give the highlight is usually become the most important thing which highly affect the market movement. And from this technical view, the previous performance becomes the most important. Looking at the top of bullish market around July 2019, we can see that there was a shooting star candle followed with an extra bullish candle but due to there isn't enough strength of that bullish candle, the close price didn't close above the high of the previous candle and that's why the price goes down in upcoming week. Similar with this movement, the price has shown us a similar price action with the July 2019 top. Is this action only a bull trap? We should wait.
The second thing is that the price is still trending at around the blue resistance point. This resistance however is a strong resistance due to the previous action of the price too. Back at the September 2019 when there was a beginning of the bearish market confirmation with a breaks down of current level. Which makes current action to retest the previous broken support as resistance here.
The third and the last thing to see is the RSI as the oscillator indicator. This might be the only reason why I leave current movement for the long term unbiased. Yes, at this indicator the RSI is still trending on neutral zone between the 60 - 40 level which is an area of uncertainty. Breaks above the 60 will make the bullish bias and breaks below the 40 will confirm the bearish bias.
At last, there is a quotes saying patience is gold and I think this time we have to apply this quotes as well. We haven't understood yet whether this action is bull trap or not. But, it looks like a bull trap for me.