TradingView Charts | BitMEX. BTCUSD There was a lot of bad news yesterday, things started to fall. The main part was sold, a good fall is expected, many opened short. It is not yet profitable for big players to see BTC go down. In the . TradingView. EN. TradingView. Sign In. Ticker Trading Ideas Educational Ideas Scripts People. Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas .
Bitmex btcusd tradingviewBTCUSD for BITMEX:XBTUSD by DIGITAL-M — TradingView
Yesterday BTC aims towards local support orange line. After trying to attempt this support area we started seeing a nice uptrend. This resistance area marks a critical resistance target. If we close above , we can expect BTC is facing resistance along the 0.
Bitcoin hitting top bolinger on 15 min. Also resistance level with many highs on 4hr. Take most of profits here. Most likely will decline back to 35 ema. I'm waiting that price can continue uptrend. We can open long position as soon as BTC will break nearest resistance. Next resistance In this scenario, Bitcoin may have topped for the year. It was developed by our experts for intraday trading purposes. What does this Videos only.
Will History Repeat itself? Wyckoff Distribution says Bitcoin will go down,don't get trapped. Remember you heard it here first! Breakout Imminent!!! Bitcoin potential breakout from triangle.
Update on previous idea. This is exactly the type of environment when one side of the trade will get too crowded and that appears to be what happened over the past week. The indicator that I'm using can be found under "Bitmex Funding Bars" and it is a great way to illustrate how powerful this tool can be.
I drew two horizontal lines which indicate buy and sell signals. The sell signal occurs when longs pays shorts 0. The sell signal occurs when shorts pay longs 0. These rates must persist for a week before the signal triggers. As you can tell it has been a great way to forecast upcoming price movement throughout this bear market.
A good confirmation for this indicator is the futures curve. Backwardation occurs when spot is more expensive that the futures and this confirms a buy. If there is Backwardation while getting a sell signal then the entry is not confirmed.
This post has been marked as Neutral despite getting a confirmed buy signal. That is because I simply cannot stomach buying after a prolonged markup in the price. I strongly prefer to let the market come to me and therefore am waiting to see what happens when we eventually do correct, even if that means paying a higher price.