Bitcoin Trade Update: Opened Position
Opened 1st Bitcoin trade position, price currently misbehaving. Above is my current working chart. It shows a new Fibonacci retracement of the previous downtrend, the MACD indicator and fractal ^ symbols - these are historically significant high and low turning points. An explanation of Fib levels and the MACD can be found in Part 1 of my previous forecast. Also shown is my stoploss level, a major Support / Resistance line at $800 and the All Time High. My current trading plan, as well as previous plans, can be seen on my Trading View profile. I'd like to recommend Trading View again, they....
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CEX.IO Bitcoin exchange has launched BTC/USD and ETH/BTC margin trading with special risk-preventing system. The BTC/USD and ETH/BTC margin trading with 1:2 and 1:3 leverages comes with a range of competitive advantages making it easy and attractive even for beginners. Thus, no extra margin account is required to be opened to trade with leverage, and borrowing funds is done automatically together with position placement. The risk-preventing system ensures that the position will be closed at price and not worse than the stop loss price. Therefore, margin trading cannot move user’s balance....
Bitcoin price is traveling under a bad sign. The possibility of strong decline from the current chart position is high but, thankfully, mitigated by established support below. Will the support hold? We cannot be sure and focus on building a short position regardless of where the bottom may be. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 15h41 UTC. Bitfinex 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Price has....
Bitcoin price decline accelerated overnight. Downside progress has seen price dip below $420 earlier today, and a correction currently has price retesting this level. Price looks to be embarking on the next wave down after a correction from the most recent low, and the target remains $400 (Bitstamp). The 1hr 20-period moving average (MA) has crossed below the 1hr 200MA (red). This is a bearish indication but, unfortunately, there is no confirmation signal in any other timeframe to justify increasing position size. If price does make the plunge to $400 soon, we will only get the benefit of....
The best meme coins and Bitcoin price action collided in dramatic fashion this weekend. A crypto whale trader on Hyperliquid opened a short position on Bitcoin worth $445M using 40x leverage with a liquidation price of $86K. This bold move came just as Bitcoin’s price was holding steady around the $84K mark. Market participants were quick to launch a coordinated bull hunt after noticing this open position. A trader named CBB led the charge, and bulls were able to push the $BTC price to $84,690. This forced the short trader to deposit $5M $USDC to avoid liquidation. However, the hunt....
HYPE has been setting new all-time highs above $70 as the market faces selling pressure and uncertainty that has weighed on most assets across the crypto ecosystem. The divergence between HYPE’s performance and the broader market weakness has been one of the defining stories of recent weeks — and data from Lookonchain has surfaced a specific trade that captures the magnitude of what has been building in this asset over the past six months. Related Reading: Ethereum Flashes A Rare Signal As Open Interest Reaches Highest Level Since 2019 Six months ago, a trader identified as wallet....