Crypto Signals
SIGNAL: ETHBTC Type of the trade: LONG Entry: 0.030-0.031 Stop loss: <0.029 Target 1: 0.0340 Target 2: 0.0370 Target 3: 0.040 Good luck 🚀
Stop loss reached, next one will be better!
Long squeeze
https://www.tradingview.com/x/GHBbtVOj
Nice push from EMA 21 on H4. Let’s see if we get a close above the horizontal support. In case we close above that support and price gets back above 5650, this was just healthy retracement.
However, if we get a close below the support maybe we can get big long squeeze that wouldn’t be looking so good at all.
It’s a Saturday and couple of previous weeks every move that happened on Saturday was invalidated on Sunday so let’s see how this plays out. Our eyes are on the horizontal support that has to hold if price has intention to go further up!
https://www.tradingview.com/x/GHBbtVOj
Nice push from EMA 21 on H4. Let’s see if we get a close above the horizontal support. In case we close above that support and price gets back above 5650, this was just healthy retracement.
However, if we get a close below the support maybe we can get big long squeeze that wouldn’t be looking so good at all.
It’s a Saturday and couple of previous weeks every move that happened on Saturday was invalidated on Sunday so let’s see how this plays out. Our eyes are on the horizontal support that has to hold if price has intention to go further up!
As we expected, as soon as we got close above support, we saw instant bounce and we are back above 5700.
The expectations are that we will see the highs being take out and then we expect dump to happen much bigger than this one.
https://www.tradingview.com/x/oidJWtKT
The expectations are that we will see the highs being take out and then we expect dump to happen much bigger than this one.
https://www.tradingview.com/x/oidJWtKT
Still above both moving average looking to take out highs. The momentum is slowing down but because we are nearing very bullish weekly close, we can easily see one more push tomorrow but these moves up around 5800-6000 resistance areas are in my opinion nothing more but great opportunity to sell Bitcoins higher or took profit on long positions.
It is not for shorting because you never know when it will drop and even if it drops, it will happen after stop run.
Why selling now?
Even if the 6k resistance gets broken and we reach 7-8k, sooner or later it will be retested and you can buy back at retest so the risk you are taking is not that big but if price retraces to 4800-5000 area, you will be able to buy it 17-20% lower and increase the number of coins you own.
https://www.tradingview.com/x/149OqJdD
It is not for shorting because you never know when it will drop and even if it drops, it will happen after stop run.
Why selling now?
Even if the 6k resistance gets broken and we reach 7-8k, sooner or later it will be retested and you can buy back at retest so the risk you are taking is not that big but if price retraces to 4800-5000 area, you will be able to buy it 17-20% lower and increase the number of coins you own.
https://www.tradingview.com/x/149OqJdD
If you are doing leverage trading, this post could be very helpful to you. Currently, Bitmex is the biggest margin exchange but there are a lot of them that are coming.
We were testing one of them and today we decided to recommend it to you - This exchange is Deribit and it offers you the same opportunity as Bitmex but the fees are way lower. Why do fees matter?
The fees you will pay for entry and exit are the same but the fees you will pay for holding your position (also known as funding) is way lower.
Just to make a comparison, the current funding cost on Bitmex is 0.079% while on Deribit it is 0.019%.
This is the fee you will pay every 8 hours. Let’s say you are using 50x leverage on your trade.
The fees you will be paying are calculated on this way: fees*leverage.
So on Bitmex, you will end up paying 3.95% every 8 hours. This will be the money you will pay from your own money. If we consider that you will be paying this every 8 hours, your daily costs will be 11.85% based on the current rate. It will take less than 9 days for you to be liquidated. Isn’t that ridiculous?
On the other side, on Deribit you would be paying 0.019%*50x = 0.95% or 2.85% every day. Do you see a huge difference?
For the same trade, you would be paying 4 times bigger fees in BITMEX. It is your own money and it is ridiculous to pay 4 times more money for the same opportunity you are getting.
What Deribit has that BitMEX doesn’t:
- ZERO downtime. You can log in anytime.
- LOWER FEES.
- Lightning fast API, much faster execution of trades. Meaning you can jump on the bandwagon during erratic price action.
- The system is never ‘overloaded’ during pumps or dumps.
- Cross trading with 50x max leverage.
Being long on ETHUSD on Bitmex recently would cost you a lot because funding was hilariously high which would decrease your profit drastically. Why paying more fees when you have an opportunity to avoid it.
Check it out (Ref-link)
Affiliate Link to Sign-Up form: https://www.deribit.com/reg-5508.8322
Affiliate Link to Front page: https://www.deribit.com/reg-5508.8322?q=home
We were testing one of them and today we decided to recommend it to you - This exchange is Deribit and it offers you the same opportunity as Bitmex but the fees are way lower. Why do fees matter?
The fees you will pay for entry and exit are the same but the fees you will pay for holding your position (also known as funding) is way lower.
Just to make a comparison, the current funding cost on Bitmex is 0.079% while on Deribit it is 0.019%.
This is the fee you will pay every 8 hours. Let’s say you are using 50x leverage on your trade.
The fees you will be paying are calculated on this way: fees*leverage.
So on Bitmex, you will end up paying 3.95% every 8 hours. This will be the money you will pay from your own money. If we consider that you will be paying this every 8 hours, your daily costs will be 11.85% based on the current rate. It will take less than 9 days for you to be liquidated. Isn’t that ridiculous?
On the other side, on Deribit you would be paying 0.019%*50x = 0.95% or 2.85% every day. Do you see a huge difference?
For the same trade, you would be paying 4 times bigger fees in BITMEX. It is your own money and it is ridiculous to pay 4 times more money for the same opportunity you are getting.
What Deribit has that BitMEX doesn’t:
- ZERO downtime. You can log in anytime.
- LOWER FEES.
- Lightning fast API, much faster execution of trades. Meaning you can jump on the bandwagon during erratic price action.
- The system is never ‘overloaded’ during pumps or dumps.
- Cross trading with 50x max leverage.
Being long on ETHUSD on Bitmex recently would cost you a lot because funding was hilariously high which would decrease your profit drastically. Why paying more fees when you have an opportunity to avoid it.
Check it out (Ref-link)
Affiliate Link to Sign-Up form: https://www.deribit.com/reg-5508.8322
Affiliate Link to Front page: https://www.deribit.com/reg-5508.8322?q=home
Deribit
Professional High-Performance Trading
Crypto Futures and Options Exchange
https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r
Bitfinex is still withdrawing money from its called wallet. Just 2 hours ago, 12 500 Bitcoin left their wallet.
In the last 14 days, 45 000 Bitcoin left their cold wallet which is almost 40% of the total. Are they keeping the price high and selling their Bitcoin?
Bitfinex is still withdrawing money from its called wallet. Just 2 hours ago, 12 500 Bitcoin left their wallet.
In the last 14 days, 45 000 Bitcoin left their cold wallet which is almost 40% of the total. Are they keeping the price high and selling their Bitcoin?
BitInfoCharts
3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r - Bitcoin Address
3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r Bitcoin Address with balance chart
Bitcoin at important price level
We are currently at monthly resistance: https://www.tradingview.com/x/HLpHgKRO
This is very important area. We may see some spikes above but this is the last area bears have to step in otherwise Bitcoin is coming above $7000 in day or two.
We are currently at monthly resistance: https://www.tradingview.com/x/HLpHgKRO
This is very important area. We may see some spikes above but this is the last area bears have to step in otherwise Bitcoin is coming above $7000 in day or two.
$6500 reached and we just tap into $6900 leaving us $100 from the main target of $7000.
No TA, just simple math 🙌
No TA, just simple math 🙌
When drop? When every single bear is liquidated. Who is going to be bear then? Those who are putting sell orders and the majority is buying currently in them .
Are we going to see Bitcoin below $6000 again?
Absolutely!
Are we going to see Bitcoin below $6000 again?
Absolutely!
All targets were reached. Everything that exceeds $7000 will be confirmation of Bitcoin strength but catching long position now is very risky and could be compared to buying Bitcoin above $15k in 2017. You have chance but overal trend is not sustainable and there will be opportunities of buying lower.
Futures closed at $6350 yesterday and we have currently potential gap of 10%. Even if we open Monday with this gap, we do believe the price will throughout the week ahead try to reach at least to test that gap.
When next setup comes up we will let you know. Until then, we are waiting for focus is shifted towards altcoins that may take the action if expected slowdown in BTC price happens.
That’s being said, the alts with biggest potential are margin alts.
Happy Saturday and be grateful for these prices. I should everyone has to be happy with this performance because it confirms the strength of bulls in the market.
Futures closed at $6350 yesterday and we have currently potential gap of 10%. Even if we open Monday with this gap, we do believe the price will throughout the week ahead try to reach at least to test that gap.
When next setup comes up we will let you know. Until then, we are waiting for focus is shifted towards altcoins that may take the action if expected slowdown in BTC price happens.
That’s being said, the alts with biggest potential are margin alts.
Happy Saturday and be grateful for these prices. I should everyone has to be happy with this performance because it confirms the strength of bulls in the market.
You do not have to register under our referal link, that’s totally okay but start looking for some alternatives because trading on Bitmex is becoming nightmare. No matter if you are long or short, wrong or right you will be losing money.
The choice is yours, here is the link for great alternative that is getting traction very fast.
https://www.deribit.com/reg-5508.8322
Do not move your whole funds there but moving part of funds is recommenced so you can take opportunity and trade with the way lower fees.
The choice is yours, here is the link for great alternative that is getting traction very fast.
https://www.deribit.com/reg-5508.8322
Do not move your whole funds there but moving part of funds is recommenced so you can take opportunity and trade with the way lower fees.
Deribit
Professional High-Performance Trading
Crypto Futures and Options Exchange
Crypto Signals
Get ready for Ethereum with targets at $200 and $240.
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