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4hrchart

BTC:USD 4 hour chart DAILY UPDATE (day 38)Yesterday I was sitting on the sidelines and waiting to see what developed. I was keeping my eye on the red dotted line and the 50 day moving average. The bulls needed to support above the moving average and break the bear trend formed by the red dotted line. Unfortunately the bears won that fight and now it looks like we are heading lower. That made a third point of contact on the red dotted bear trend. Since that has been established it is even more likely that the price will resistance on the fourth point of contact. We have broken down below the longer term bull trend support (green dotted) as well as the horizontal support at $7,000. Not to mention that the RSI is back below 50. The next area of support will be $6,675 and I do not expect that to provide a bounce. We have already bounced from that area twice and it will be much weaker the third time around. If we do break down below that then the next area of support is $6,000. Wish I had better news but those are the technicals as I see it! Until next time happy trading and remember that following is free!
BITSTAMP:BTCUSDShort
by Sawcruhteez
BTC:USD 4 hour chart DAILY UPDATE (day 37)My short sell was stopped out at break even, now I am sitting on the sidelines and waiting to see what develops. I was very surprised to see $7,250 resistance break and do not have a confident prediction in either direction. So I have outlined my bullish and bearish scenarios arguments. Bullish Above 50 day SMA Back above green dotted bull trend line RSI above 50 (think of this like 50 yard line on football field) Bearish Potential new bear trend forming. Price is testing the red dotted line for a 3rd time. If it resists then it will like resist for a 4th time before reversing Horizontal resistance at $7,750 should be fairly strong I am leaning towards the bullish option, but the overall trend is way too bearish for me to open a long right now. If the price can break through $7,750 then I expect us to retest the longer term bear trend (red solid). If we can break through that then I will be going all in on a long. Happy trading and remember that following is free!
BITSTAMP:BTCUSD
by Sawcruhteez
BTC:USD 4 hour chart DAILY UPDATE (day 32)Yesterday I was holding my breath and watching for support to hold above $7,400. I urged to wait for final confirmation and not dump just yet. That confirmation came this morning and now it is time to prepare for $5,000. I have opened a short with that as my target. There should be a lot of support waiting and I do anticipate a bounce. However I am going to be preparing for a longer term bear marking and I will be viewing that as a dead cat bounce which I will be looking to short. I wish I had better news but I have to call it how I see it. Happy trading and best of luck!
BITSTAMP:BTCUSDShort
by Sawcruhteez
3
Bitcoin 4hr Golden Cross, bullish action but can it hold? [BTFD]So as our amazing TA expert Tom predicted we have a swing of the MA's creating a golden cross on the 4hr chart on BTCUSD I made this chat for the daily about a week ago, with a few predictions, just wish i published it earlier now (12th Match) we had some bullish divergence which brought the level up to over $9k but its not pushing over that, 9300 was my next test which still not touched. my last shorts got closed and opened up some new ones around CMP, so short term im bearish and looking for a another monthly low and long term Bullish, just dont get cought out in the bull traps right now if your a swing trader Bitcoin must be sending you nuts right now here is what im going on with wave analysis... "If Bitcoin can get above resistance at 9620-10K this could open the door to further gains - and it would also make it very likely that the wave 2 correction is complete, and that a wave 3 move higher is starting " good trades all
COINBASE:BTCUSD
by majorlee
1
up, down then rocketAlmost every triangle an the various intervals from 15 min to 1 day, have seen a rise breakout followed by a dump. The main triangle started before Christmas is closing along with a smaller recent triangle. This double squeeze will give extra momentum to a breakout. I expect the pattern to be repeated with BTC rising and temporarily sneaking through the 13000 resistance before dropping down. The timing will be seen in the 4hr RSI overbuying before the end of the month, dropping down to oversold and pulling the daily RSI into oversold with it. The daily RSI last hit oversold in September and that bounce worked out pretty good (if you had BTC). This Daily RSI event will trigger bots to buy so we'll see a volume increase and sharp rise. To summarise: In the immediate future a risky small long hold Followed by a good short sell Followed by panic selling Followed by large volume buying and a decent long position, with potential momentum mixed with FOMO to break 14,000. Caveat : I am not a professional trader or adviser. Do your own research before making any trade. Never trade more than you can afford to loose.
BITFINEX:BTCUSDShort
by reppac
TRXBTC NEXT TO MOVE!TRX is another one of my long time hold Alts going for 0.03 cents right now. - Great Whitepaper head over to there site to check it out - obviously they already had a quite massive pump,but i evlieve they have tons of potentional for more upside. - The only thing i dont like about it as of now is how heavily they are leaning on Alibaba pretty much for a Co-sign since being a student of Jack Ma. Seems like its putting weird pressure on Jack personally so i dont expect a co-sign anytime soon. Blockchain companies are the future I honestly belive this. Becoming your own back and remove the filthy hands touching your money in between will end.
Long
by Sargent