Bullish trade in Bitcoin Currently

25 באוג׳https://www.tradingview.com/x/jrnUTtz1/

I took a very small buy in bitcoin. I am out of Margin due to excessive silver buying on friday.

I like these charts and the EMA's are HOT

Consider trading with a 0.25 % risk.

STOP LOSS: 63,805
Buy market price while in consolidation if you want to take the trade.

25 באוג׳

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Guys:
An entry strategy here while its consolidating on the 1hr.

Pull up an RSI on your 1hr chart.

Your buy entry will be when the RSI breaks out past and into the 70 zone.

Demand becomes too great when it pops 70 on the RSI. The Rsi would probably be around the 50 level currently. This is a good way to trade breakouts that leave consoldiation zones. It works very well.

25 באוג׳

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UPDATE:

I already bought in with hardly any lot-size because I am out of Margin due to big buying on Friday.

Plz see the chart.



RSI standard setting 14 is crossing up around 55. Once the RSI breaks out throught the 70 zone bitcoin should break out. Look for an increase in volume and a bullish candle on the lowertime frames.

However, this usually works just fine with RSI hitting 70 and through because it means increasing demand. 9EMA has sloped up 50ema on a couple of timeframes. This is very bullish when 9 goes above 50 especailly on a higher time frame. But it will begin on a 15 and move higher through all the chart timeframes. 9 crossing above 50

25 באוג׳

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Long Bitcoin:
STOP 63,805
*consider risking only 0.25-0.5% of your capital.
See chart.
yellow 9ema
light blue 20ema
dark blue 50ema
pruple 200ema
9 has crossed above 20 on Daily chart.
Bullish crossover guys.
Wait for that RSI to break 70

25 באוג׳

הערה

25 באוג׳

הערה

BUY as RSI pumps past 70 level.

25 באוג׳

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This trade works on currency pairs and everything.
The only drawback trading today is low volume so the RSI may not fire up and get oversold past 70 to prompt the breakout.
Trade works beautiful when there is plenty of volume..
The setup is already very strong because of the 9ema getting above the 50 on the Daily. So long as it stays above the 9ema...bitcoin will be bullish this coming week.

25 באוג׳

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overbought sorry

25 באוג׳

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This chart shows how fast Price broke out last time once the RSI clicked up into 70 zone.

25 באוג׳

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Long Bitcoin:
This is a Long you could take forward well into September, for those who wanted to take the trade in bitcoin today.
Not much price action but that is only because it's low volume weekend trading.
I think this weekly Cup is so bullish.
Notice how price action comes up the right side of Cup and tests the highs. Then lower price. LL.LH.LL.LH. Then recently price has started to turn bullish at the completion of the handle. Bitcoin is about 15% away still from the breakout zone of the top of cup. I think this will be huge.

25 באוג׳

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High Time Frame Trading is king guys.
Check out where the smart money got in at these white circles.

25 באוג׳

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Notice how the yellow 9EMA since it crossed up above the dark blue 50EMA.....the 9 has EMA was respected all the way until today & I'd say going into September.

25 באוג׳

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TIP: Never buy the breakout of the zone: Be aware of the breakout occuring. Buy the pullback. 8 times out of 10 price will significantly pull back after breaking the zone unless of course a very impulsive move occurs. This is going higher.