BTC/USD BITCOIN Technical Analysis & Trade IdeaIn this video, we take a close look at Bitcoin. We observe that it has reached a significant monthly resistance level. The chart indicates that it is currently overextended, raising the possibility of a substantial retracement. Throughout the video, we discuss price action, analyze the trend, highlight key levels of support and resistance, explore different time frames, and present a potential trade idea. Please note that this content is strictly for educational purposes and should not be considered as financial advice. BTCUSD.
1-BTC
BRIEFING Week #25 : the Liquidity Will Decide Now !Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
BTC - Detailed Top-Down Analysis ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for Bitcoin.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Bearish for SHORT TERM🐻Hi Traders, Investors and Speculators of Charts 📈📉
After closely monitoring the market trends following our previous idea of shorting until the 25K support zone, it has become apparent that there is a notable increase in selling activity. Despite witnessing a decent rebound initially, it was met with an equivalent level of selling pressure, resulting in the price experiencing a downward trajectory with lower highs.
Furthermore, it is crucial to take into account the occurrence of a multiple bearish patterns in the daily (short term) timeframe including a double top, Head and Shoulders pattern and Bearish M patterns.
These technical chart-analysis patterns typically indicates a reversal in the price trend and suggests a bearish outlook for the short term. It implies that the market has made two unsuccessful attempts to surpass a certain price level, highlighting the presence of significant selling pressure and a potential decrease in investor confidence.
NOTE that although I am still bearish for the SHORT term, I remain bullish in my macro perspective.
________________________________
From the Fibonacci Retracement Macro perspective, we can see the price is still in the upper resistance zone; right underneath the 1.618. What we DO NOT want to see from the monthly timeframe is a close UNDER the support at roughly $25K. This would drive the price down to find more buying pressure around $20K.
BITSTAMP:BTCUSD COINBASE:BTCUSDT INDEX:BTCUSD BITFINEX:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT BYBIT:BTCUSDT BITGET:BTCUSDT CRYPTOCAP:BTC GEMINI:BTCUSD BINANCEUS:BTCUSDT PHEMEX:BTCUSDT
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We appreciate your support !
CryptoCheck
Bitcoin (BTC) • 25k Range UpdateHi gents.
Our sub 30k range quest still going with irregular volumes and a lot of shenanigans price action on the intraday as it trades closer to the 25k
In the video talk about a data point that is not yet looking great and why we should be cautious in being bullish on these lows when taking it in consideration.
Aa usual we go quickly through some useful data points I like to pay attention to in my weekly market commentary.
BTC - Video Top-Down Analysis 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for Bitcoin.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BRIEFING Week #24 : The Central Banks Show... Again !Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
BTC, some path idea rough draft.If you find this information inspiring/helpful, please consider a boost and follow!
Any questions or comments, please leave a comment!
Also, check out the links in my signature to get to know me better!
Still working this video thing out. Going to be using TV as a rough draft. So uploads on other places will have the corrections and will be cleaned and scrubbed.
Do not ignore China's economyHello everyone,
In this update i talk about some macro events that you should take into consideration. I think China is a wild card that everyone is ignoring and more focused on the fed. China is the 2nd largest economy and if they suffer everyone else that exports/imports will have to suffer as well. Its a full circle unfortunately.
The surprises this week were RBA and BOC. Some market participants think that the fed won't push the pedal but i think they will and will catch everyone off guard. By end of summer SPX could be at 3700. Either way we are data dependant and we will see if we are going for a hard landing or a soft landing. Patience will be key and i am not married to my bias, i will change it if the data is suggesting so.
Wishing you a great week! If you have questions feel free to ask me anything
BTC 0 or hero? 📈 Chart Analysis:
falling wedge: Top tip wait for breakout and retest of the AVWAP before taking a long, however we did get an engulfing candle on the reaction from the 150ema so i have gone long already trying to front run patterns is not the best thing to do so be cautious if you are to do the same!
We got the retest of the Head and Shoulders resistance in prep for the latest sec vs binance news which took us to out first target 150EMA: top tip play any SHORTS super carefully here as the reaction from the 150 was extremely bullish but know we could still see out lower avwap target currently at the 18k area 😉
additional info!
Currently in a Stage 3: where we look for Bullish continuation patterns (falling wedge) and/or topping patterns Head and shoulders
OBV still in a stage 1 and looking weak!
🔔 Risk Management:
Adjust your position size based on your risk tolerance and use proper risk management strategies, such as trailing stop losses, to lock in profits as the price moves in your favor.
⚠️ Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
BTCUSD, D1 | Could we see a bounce?Today we're looking at BTCUSD on the D1 timeframe. We can see that there's a nice bit of bullish momentum with the ascending support, Ichimoku cloud and an overlap support. Along with that, there's a nice 50%Fiboancci retracement too.
A bounce from here could see prices head up to the recent swing high resistance of 30700.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Market Update - BTC, ETH, SPX, NQ, DXYThe SEC targeting Binance is a major blow to the biggest crypto exchange.
BTC lost more significant levels than ETH which managed to bullishly hold structure.
Both the NQ and SPX are significantly up with the beginning of some failing structure
however a bit early to confirm.
The DXY had a breakdown last week which bullishly back tested its yearly open
However it is distributing quite heavily on the daily time frame.
The higher timeframe BTC cycle is still playing out, if 2020/2021 was the bull market, 2022 was the bear market, then 2023 is clearly the transition period going into the next halvening.
Generally the Crypto markets held much better than expected and given the gravity
of the SEC filings against Binance, either way our recommendation is to be cautious with
holding capital on any exchanges. Remember - "Not your keys, not your Crypto"
BRIEFING Week #23 : Ticking TimeBomb on CryptosHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Bitcoin (BTC) • Chop with unfavourable funding rates Hope you had fantastic weekend guys.
Ok I managed to make a more shorter video.
So while we are trading under 27.2 things are not looking great specially with unfavourable funding rates as discussed.
In the video I walk through futures data, order-book data and price chart.
Remember is not about being right but about to use set of heuristics according to our time availability that allow us to define criterium set of rules to manage risk.
Don't forget to like and sub.