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TOTAL & BTC: Guide to Trend Line AnalysisHi Traders, Investors and Speculators of Charts📈📉 One of the most important parts of trading is following the macro phase and planning your trades. The only way to do this, is to pre-identify the macro market cycle that's currently playing out, as well as determine key zones of support and resistance. You do this by drawing up trend lines on the chart, from a macro perspective. Here's a comprehensive Guide to Elliot Wave Theory, done on ETH : To summarize if you're short on time, Elliot wave identifies upward and downward phases during an overall bullish or bearish cycle. Wave 1-2 can often correct a near 50% from starting point of wave 0-1. This means the price can drop -50%, and you would still be in a bullish cycle . Now that we've discussed Elliot waves, we can also take a quick look at Wyckoff Method for BTC, which I did over here: In other words, don't be scared of corrections! Wait and plan your trade. There's no need to force a trade. If you have identified your support and resistance zones with diagonal and horizontal trend lines, you can wait for the price to reach your target and execute a brilliant trade with a great risk-reward setup.
CRYPTOCAP:TOTAL
by CryptoCheck-
31
BTC Bitcoin Technical Analysis and Trade IdeaBitcoin has reached a crucial support level after a decline in bullish momentum. The price has become significantly overextended, leading to the question of whether we can expect more downward movement or a substantial retracement. In the video, we delve into the trend, price action, market structure, imbalances, and other essential aspects of technical analysis. As always, the video provides a detailed explanation of everything discussed, and it's important to note that this content should not be interpreted as financial advice.
Editors' picks
OANDA:BTCUSD
by tradingwithanthony
45
Powerful Sell Alerts on BTC/ETH/SPY ! Buy alerts on USD and % !Have to be extremely careful of alt bags if BTC and Eth are as bearish as they are BTC is the sun to the space and when it falls hard the rest will follow harder. This means that we can lose 20% - 50% - 80% value in alts fast esp the low cap high risk alts. These alerts can quickly change and new data needs to be reacted upon so have to stay up to date This can mean that current candle printing may print and unprint esp on timeframes such as the monthly when its only half way thru the month.. all we have to go off is the current data and currently that is looking bearish for btc/eth/spy and bullish for usd/yields.' If btc is the sun of the crypto space then US gov yields are the sun to the finance space With the USD and Yields close to breaking out then this is another sign of weariness to risk positions esp low cap altcoins as a the height of risky positions. Admiral Ackbar told me its a trap look These breakouts in DXY and Yields can be a trap in which price goes just above piercing resistance only to fail.. and failed moves move fast. That would be a trap but it is speculation until more confirmed data comes in. Follow and click the link in tradingview to keep up to date with the data Cheers !
TVC:US10YShort
by SoftQuant
10
Bitcoin: Can buyers continue the fightback?Today's focus: Bitcoin Pattern – Continuation Support – 27,500, 28,700 Resistance – 29,450, 30,170 • Shib launched their highly anticipated Shibarium. • Coinbase received approval from the NFA to allow US retail clients to trade crypto futures. • Bitcoin briefly broke below 28K on some exchanges on Thursday Hi, and thanks for checking out today’s analysis. Today, our focus is on Bitcoin. We’ve seen a rather exciting day so far with news hitting the market that looks to have created a bit of long-needed volatility. After a fast decline that continued the last two days, Bitcoin continues to fight back from session lows. Will we see buyers come back into the market? Do you agree that the current retracement looks a lot like the last? Could this be a sign that a new leg higher could be building? A lot will come down to if price respects the main uptrend and if it can find support before making any new deeper declines. Have a great day and good trading.
EIGHTCAP:BTCUSDLong
by Eightcap
2
SHIB Giving Powerful Alert on Macro ! Like many other asset prices in crypto Shib has been forming a baseline for a while This is a powerful structure that can create fierce movement either way. Look to bitcoin in 2018. Bitcoin did fall there then by roughly 50%. Value cut in half. This is potentially in play for many assets forming a baseline. If the trend stays green then the move out of this can be up with strength A move out of the base structure can be very volatile.We are looking in terms of this recent alert for price to stay above trendline less we need to exit position from fear of trend turning against us.. quickly. When moves fail they can fail fast Becareful in holding positions that are going against you when in such a base. These base breakouts or breakdowns can be very rapid. For certain strategies we want to ride the trend. There are other strategies We try build tools that suit for different strategies in different situations check out the links provided See you soon GeorgeOnTV
Long
by SoftQuant
7
Here's my line. When pullback bottom is confirmed, re-enter.Traders, It's been a few weeks since I have done a video update. Hopefully, you all have been following my non-video posts too. I have been making regular posts in attempts to keep you all up to speed on the latest market price action. In this video, I will show you the line that caused me to sell. This does not mean I have now gone bearish on the market. On the contrary, I am still overall bullish longer term. However, the market is definitely experiencing a bit of a pullback here due to some new inflation data causing more uncertainty. Once this pullback has confirmed a bottom, I will once again look to re-enter my longs. I will show you some of the levels I am targeting on Bitcoin, Litecoin, and Ripple near the end of the video. Best, Stew
AMEX:SPY
by stewdamus
6
BTC ❗ SHORTING Here gets you REKTHi Traders, Investors and Speculators of Charts📈📉 The cryptocurrency market is constantly evolving, and one of the most interesting trends to watch is the rotation of liquidity between BTCUSDT and altcoins. This refers to the movement of capital/cash/dollars between BTC and alts as investors seek out the best opportunities for short term gains. When BTC trades range, many traders get shaken out (a term that implies "wicky" price action where stop loss gets triggered). A better bet for the moment is to focus on smaller cap altcoins that have much more upside potential and better risk reward setups at the moment than taking a short on Bitcoin. Check out these coins instead of trying to trade Bitcoin whilst it is in range trading: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck BITSTAMP:BTCUSD COINBASE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD BINANCE:BTCUSD
COINBASE:BTCUSD
by CryptoCheck-
50
What does Paypal USD mean for Eth ? Will we have a McDollar ??Paypal launches PYUSD This does not mean it will get adoption just because Paypal wants it to. There may be regulatory hurdles incoming just as we saw with Libra and Diem for FB // Meta. This is now a clear trend though where larger traditional companies are seeing the immense upside in their own stablecoin products. I dont think this trend is going to die out. Where does it go ? I think this is leading to a McDollar. Just as Big Mac index is a good rule of thumb for judging currencies.. a McDollar is a good option for currency itself. Goods or services in demand can be digitalised into currency on the back of the traditional product. This is great for provider and customer both. Prosperity is about speed. From the wheel to the sail to the car to the internet. Moving things (people//stuff) faster is compounding the human ability to create more together. Prosperity. Can Eth handle it ? I believe so. There are many "eth killers" now and there'll likely be more popping up esp by more traditional outfits. At this stage though what Ethereum has done to compete well against crypto competitors is add layers with utility related to their core layer flaws. Rollup technology allows Eth to outsource the heavy lifting of smaller transactions. Rather than individual $3 nfts clogging the network one by one we are likely to see places like Paypal use rollup technology to bundle microtransactions and send them thru the network that way. This will reduce costs involved and increase time to settle for everyone.
Long
by SoftQuant
4
Will SEC witchunt kill TOTAL3?! What does it need?? SEC wants to crack down on crypto market This is a means to control the flow of money. Every nation across time does not want to see their money flow out of their 'bloc'. If Binance continues to be a behemoth in the new finance space whilst CZ is in China.. this will continued to be perceived as a threat. I dont have extra information into Binance but regardless the Western bloc doesnt want Binance to be taking retail or corporate USD/EUR/GBP/AUD/CAD/etc en masse. Just as China does not want US tech companies to dominate a space like search for Chinese people. This will consolidate the market If SEC is successful (i dont know if they will be) then it will consolidate the market. This consolidation can be great for TOTAL3. Personal views aside if the flow of money is clear for larger actors then floodgates can open. From retirement funds to sovereign wealth funds to even treasuries. Who would lose ? Many altcoins could be damaged beyond point of recovery. Recovery I mean getting back to where they were. Many can dwindle into obscurity and became harder and harder to participate in. The real loser out of a consolidation of the crypto market will be retail and class mobility. What to do about it ? The upside potential of many smaller altcoins can easily tempt many to dump their bags into those with greatest upside. Regardless of SEC and regulation these smallest ones have the most risk. It is important not to be too lopsided in high risk crypto when crypto itself as an index is down 70%+ ie 3.3x to highs. There is plenty of gains out there within the bigger players who are more likely to rise above regulation and be where money is pushed to. Who wins ? As I imagine will be the case for at least another 10+ years.. the winner will be bitcoin. It will be hard to stop. Even anti crypto regulation will help bitcoin. It may be the biggest and seem like the least upside but it is increasingly important to have some exposure to the sun. Sun=BTC.
CRYPTOCAP:TOTAL3Long
by SoftQuant
4
NOW: BETTER Trade setups than BTC Hi Traders, Investors and Speculators of Charts📈📉 The cryptocurrency market is constantly evolving, and one of the most interesting trends to watch is the rotation of liquidity between BTCUSDT and altcoins. This refers to the movement of capital/cash/dollars between BTC and alts as investors seek out the best opportunities for short term gains. When BTC trades range, many traders get shaken out (a term that implies "wicky" price action where stop loss gets triggered). A better bet for the moment is to focus on smaller cap altcoins that have much more upside potential and better risk reward setups at the moment than Bitcoin. Since we have already seen the rotation from BTC into higher market cap coins such as XRP, ETH, SOL and LTC, we can now expect to see rallies across the microcap altcoin market. But the altcoin market is more mature than last time. More and more investors are seeking to invest early in projects with real value, real use case and good fundamentals. Check out these coins instead of trying to trade Bitcoin whilst it is in range trading: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck BITSTAMP:BTCUSD COINBASE:BTCUSD INDEX:BTCUSD COINBASE:BTCUSDT CRYPTOCAP:BTC
COINBASE:BTCUSD
by CryptoCheck-
29