Bitcoin Firing & Plenty of Upside Momentum Today Monday
https://www.tradingview.com/x/lWOHj1yR/
Bitcoin got its support around the 67,000 to 68,000 mark or thereabouts over the weekend and today has made a measured run to more upside and plenty of momentum it seems to be displaying with the uptick in Volume today compared to the weekend.
Price is about 7% below the all-time high price set in March 24.
I doubt it will rush at the breakout point today but you never know. But I think bitcoin won't hesitate to properly breakout in price past the mid-70s, Cryptocurrency views the 'breakingout' to higher prices, as the sooner the better.
Bitcoin got its support around the 67,000 to 68,000 mark or thereabouts over the weekend and today has made a measured run to more upside and plenty of momentum it seems to be displaying with the uptick in Volume today compared to the weekend.
Price is about 7% below the all-time high price set in March 24.
I doubt it will rush at the breakout point today but you never know. But I think bitcoin won't hesitate to properly breakout in price past the mid-70s, Cryptocurrency views the 'breakingout' to higher prices, as the sooner the better.
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4hr candle coming down stochastics.
maybe take 'stops' away for moment to prevent stop out
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no it was a weekly not 4hrتم فتح الصفقة
Buy Order BTCUSD off 1hr chartتم فتح الصفقة
SL: 67,571تم فتح الصفقة
Try to buy less than 67,900تم فتح الصفقة
There should be a nice bounce upwards very soon.
Bitcoin Daily Chart is not good for Longs at the moment, so need to be careful trying to ride this for too long.
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BTCUSD might sell off during Tuesday putting weakness on this trade. Close the trade on this if that sudden burst to the downside occurs, as I mentioned the Daily Chart is signalling momentum is more for shorts at the moment. But I anticipate in another day or 2 the Daily chart will be crossing-up from the bottom and ready to retest the resistance above and the price breakout area that is only about 7% above current levels.ملاحظة
If you are accumulating Bitcoin as i am doing, then there will be no need to sell a bitcoin position. You might be banking on the idea that Bitcoin will hit 500,000 in the months ahead and even before Christmas. Many predict this happening.
I will present a couple of other Crypto trades Long that i think might do well, as Bitcoin BTCUSD might need a rest for a day or 2. I don;t expect it to sell-down much below its current bottom levels.
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I had a good look just now at the 1hr to 4hr timeframes. They are not overbought and I quite like the charts for Longs. Its also possible that the Daily chart will be looking much better for Longs by the time the 4HR chart has completed.
So my bias is back more with Long positions I think.
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Buy DEOGEUSD at around 0.1630 to 0.1640تم فتح الصفقة
DOGEUSD Buy
SL 0.1618
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or conservative SL 0.1601تم فتح الصفقة
DOGEUSD is a very robust and structurally sound Chart & they are often in the Top 10 of demand Crypto's. The good thing is it price is still just under 17cents.تم فتح الصفقة
Why I put a Buy on DOGEUSD. See chart below (very recent dogeusd)
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On the 15m chart price was taking a step back to form a bullish-flat, what I liked was that the bottom of flag (bottom of 15m candles), well the bottom of candles all line up perfectly on a Fib retracement number. 38.2% I think it was.تم فتح الصفقة
Doge break above 0.1665 shortly. Should move even higher.تم فتح الصفقة
Still Long DOGEUSD
Price will be in a position to ramp-up with bitcoin above this 0.1665 firm resistant area.
The Stochastic's is pushing down on price to send it lower. But Doge is pushing upwards with the trend. So price is in a squeeze which is giving it momentum and we just broke out.
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fib retracement and buying around 0.60 for the last time and lower.
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0.1653 will be the new swing low.ملاحظة
Huge RR trade
Buy 0.1660
SL:0.1655
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4hr tf about to take it higher.تم فتح الصفقة
BUY BITCOIN
SL 68,598
Buy up to 68,700
longer term trade
ملاحظة
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A NICE SETUP LONG DAILY CHART AUD CHF
aussie swiss frank. huge upside aussie
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This is another setup I am watching. This will be big.
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BUY TRXUSD market price up to 0.1630
SL: 0.1577
TP: Longer term and much higher > 50 cents
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A huge gain today during New York for Dogeusd. I think I alerted a Buy on Doge @ 0.1630 maybe 10 hours ago, it puts on a full cent. Don't go into the breakout without Dogeusd.
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.