powderpc

Trending towards 50 EMA with bounce back to 200 EMA

COINBASE:BTCUSD   Bitcoin / Dollar
See notes on chart.
Kommentar: Staggered order positioning between $9k and $9.3k will be optimal but it will be important to look at other possible external triggers or an increase in bullishness at $9.5-$9.6k level that could result in "dead cat bounces". Likely dip to $9k-$9.3k will depend on how long the move takes and whether substantial volume increases push the price closer to the $9.5k level. Given the current strong support at 9.5k the move to $9k may not happen at all.

Target exit should depend on order size and entry price and range from $9.5k to $10k. However, should order volume and order book show substantial price velocity and significant imbalance in buying pressure it may be wise to "HODL" for around 90% of the 200 EMA level, which at $13k will be $11700. Optimal exit will be above $11k, but any target above $10k will likely see considerable volatility and a relatively slower duration price movement. It may be wise to buy simultaneously LTC and/or ETH positions for a less volatile ride up with up to 50% ETH and 20% LTC in total position depending on risk tolerance.

Should many market entrants feel comfortable with longer term positions at the $9-9.5k price level we could see sustained momentum above the 200 EMA price level to somewhere between $14k and $15k but the timeline for any move above $14k could be several weeks or even a few months long unless we see some external trigger such as a big news event.
Kommentar: Note this applies specifically to GDAX trading / chart only. USDT exchanges tend to chart slightly higher so the price levels will be $100-$200 higher.
Kommentar: GDAX shut down for 3 hours and while they are in post only mode for 10 minutes the market is looking insanely lopsided. If more buyers don't show up this could get interesting.
Kommentar: What's weird is that LTCUSD doesn't seem to have any shortage of buyers...
Kommentar: Based on order positioning after GDAX reopened it seems unlikely that prices will fall below $9750 in the very near term (< 6 hrs)
Kommentar: Well all these dumbasses dumping into a low volume market freaked out all of the buyers lined up at $9800....
Kommentar: These are the tightest spreads between the top 5 exchanges I've seen in a while.
Kommentar: I've realized that I am calling the 50 EMA and 200 EMA the opposite of each other above.
Kommentar: The India news appears to have been a much bigger trigger than I anticipated but the market is recovering now. Perhaps we won't see $11.7k unless volume substantially increases. Probably going to see a few days of inaction as people wait and see just like when South Korea and China issued their misleading news announcements.
Write your notes bigger.
Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden