hiteshbhatia3559

BTCUSD - Symmetric Triangle/Bear Pennant

BITFINEX:BTCUSD   比特幣 / 美元
I've been looking at this situation develop for a few days - in my opinion, the current altcoin fuel is coming from some of the market share leaving Bitcoin             , aiming to get profits elsewhere. Long term I see this as a healthy sign, signaling further sideways movement - and inherently there is a problem with this statement. We've been in this consolidation for about 9 days while the triangle spans 14 days - a breakout either up or down is near in my opinion, with the BTCUSD             Short/Long ratio on Bitfinex indicating a breakout to the downside - but observing the last few months has led me to take positions when an entire range has been cleared out, hence the channels.

I believe any positions should wait for a definite breakout of either side, allowing for one to two days of consolidation around a broken support/resistance and supported by other market signatures such as a fib retracement on the way up or down. Keep in mind that the overall trend is bearish , and the laws dictate continuation as a more likely scenario than a reversal, especially since the 1D timeframe reveals a bearish descending triangle continuation as well. The cloud is contradicting this, with the Tenkan pulling upwards, possibly for a C clamp or weak TK             cross at some point. The Kumo is flat... let's wait and watch. I'll update as things progress.

I will stay neutral for now.

On the other side, I've been making money off the altcoins on BitMEX and Bittrex, choosing to steer clear, but as of right now all my alt positions are closed (in profit, all of them :) Please see my track record so far on my profile page!).

Please feel free to ask any questions.
評論: u WOT m8? u w0nt dump?

NO DUMP D:
Community Manager and Moderator at OneX Capital Discord Group (https://discord.gg/8Xcmhcu), username: HiteshB#8784.
Thanks Hitesh, nice summary
回覆
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
AR العربية
首頁 股票篩選器 外匯信號搜索器 加密貨幣信號搜索器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人檔案 個人檔案設定 帳戶和帳單 我的事件處理號碼 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出