1-BTC
BTC (Y23.P1.Video4).What are the key levels ?Hi Traders,
We have reassessed our position and now looking from a bullish perspective, more so.
Is this a corrective wave for another big move to the down side or is this the bottom.
We give this without looking at ONCHAIN data, like Realised Losses shrinking and the short squeeze is on, many liquidated.
I'm sure when the LONGS are over extended, then the shorts will come in as well.
We are seeing positive sentiment, and funding rates are even when it comes to longs vs shorts.
All the best,
S.Sari
Ending diagonal Bitcoin W1 chart?Reversal pattern continues to present on Bitcoins weekly chart.
Hi, we hope everyone is having a pleasant Friday. This morning while doing the rounds, I noticed a good-looking pattern on AVAX and Bitcoins weekly charts. The pattern looks like an ending diagonal, generally seen as a reversal pattern.
As noted in today’s video analysis, we would like to see prices continue to move higher and form a breakout. Bitcoin and Avax have both started testing the upper line and could break clear if momentum can continue. After that point, we would like to see highs and resistance tested and beaten to confirm we have a new trend underway.
A move back to the lower line is a warning and could signal the pattern is failing.
Market Update 11/12/23 With Time Stamps0:00 DXY
2:30 APPL
3:36 NASDAQ
5:10 BTCUSD
8:15 DIA DJI
9:05 What I want to see with the DXY
10:35 What I want to see with the VIX
13:00 HSI Hang Seng Index
15:15 GOLD XAU
16:36 MARA
18:40 NVDA
19:12 DKNG
19:34 PYPL
19:52 Closing/Good bye
Just an update from yesterday. Most things seem to be going as expected during this new year.
I still expect the DXY to drop to 98.3 or 99.6 before trying to make a good move upwards and possibly bringing the market down, but I am still looking for a potential reversal at 12.324. We are currently under this target and that is why I say reversal. In my mind and at the moment, the odds of the DXY continuing further down are 70/30.
BTC Bull Run 0.83-3.36% 01 12 2023If you love the spot-on analysis done so far, please boost, share, comment, and follow for more.
This strategy is also used Live by Green Lion Capital Social Trading on Zignaly.
As stated in my previous analysis, I emphasized my bullish sentiment and went even further to indicate the potential oversold level. The market played nicely into this prediction. The market is currently in a space where institutions/whales might leverage the fatigues that have built up in anticipation of a bullish BTC run and use this as an opportunity to get more volume into the market before they take profit and thus prompt a reversal to find an all-time low for 2022/2023. Unfortunately, a lot of leverage positions will be liquidated as a result of this move.
For the current play, we oversold at $18,890. There are three potential take-profit points outlined below. As of this moment, I'm bearish.
Do we still have room to revisit this level before finding an all-time low for 2022/2023? Absolutely!
*** Disclaimer: a second non-public chart layout was used to officially confirm this oversold point.
Safe points to take profit:
T1: 0.83%
T2: 1.17%
T3: 3.36%
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
BTCUSDT - Phoenix Ascending Points to $22KHi Traders, Investors and Speculators of the Chart📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩(will be moving to corporate some time in Jan 2023)🏫
By using two trusted technical indicators together, were able to get a near term price target for BTC : $22K.
When used correctly, Bollinger Bands in conjunction with Phoenix Ascending can provide a highly accurate price target. From these two indicators it seems that Bitcoin may soon attempt resistance zone $22K. The ultimate question though, is if we will be able to CLOSE above this zone or if it would just be a wick, hunting for stop loses.
Want to know which altcoins you should be watching closely AND why ? Take a look here: 👀
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BITCOIN- Ahead of Inflation Data (CPI Tomorrow)Hi everyone,
watch the video and let me know your thoughts.
I cover the main Technical levels you should know as well as the key fundamental factors and scenarios.
Some good news arising today as FTX seems to have recovered 5 Billion dollars . The announcement substantially raises the total FTX has recovered since filing for bankruptcy last year but it's still short of what customers are owed in total.
Still, good news.
Not so great news from IMF : The International Monetary Fund says that 'The new year is going to be "tougher than the year we leave behind'... scary indeed as some say 2/3rds of the countries will enter into recession this year.
More bad news here and there, from Europe, Canada, Australia. Just a little example from Canada:
'The CEOs at Canada's largest banks say tens of thousands of Canadians could default on mortgages due to rising rates. This comes as the vacancy rate at Canadian office buildings are at a record high '
Lastly, we have the FED's cornered between raising or not, for how long and how much? Employment was good last week and inflation report tomorrow will play a huge role.
In general:
good inflation tomorrow (lower inflation, eased) will probably be better news for markets and BTC/Alts as well.
If inflation is high then we run for the hills as the Feds will need to consider new big rate hikes..most likely i think we will avoid this.
KEY LEVELS:
18K : A third test is expected as the last 2 times we had rejections. This time we can go higher.
One Love,
The FXPROFESSOR
PS. Remember the cycles: The next Bitcoin halving is scheduled to take place at block 840,000 which is predicted to be on Mar 13, 2024 08:47:30 PM UTC.
This Indicator is Screaming "BUY"! Traders,
I recently dove a bit deeper into the Puell Multiple indicator. In this video, I want to share what I have discovered. We'll discuss: what the Puell Multiple is, what it calculates, and how that calculation is made. We'll also closely examine what this valuable indicator tells us about the current Bitcoin price. Enjoy.
Stew
BRIEFING Week #2 : First one of 2023 !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
Market update covering Crypto, indices and forex 9 JanHello everyone,
In this update i talk more about what i think its going to happen and what we should expect from the market. Right now i have only 2 trades that i have been holding for some time. There is no setup right now for me except BTC so i am just gonna sit back until i get some clear signals. I have covered all the assets that we trade.
You are more than welcome to add insights and talk about it.
Wishing you a good year and a good trading week!
Cheers!
Which flag is bitcoin waving?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 of all the fun non word noises.
Still not convinced of the bottom is in, and here is why!
BTC Detailed Top-Down Analysis - Day 124Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
124 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTC Bearish 0.56 to 1.79% 01 04 2023If you love the spot-on analysis done so far, please boost, share, comment, and follow for more. Strategy currently in use by Green Lion Capital Social Trading on Zignaly.
This overbought point was determined using a private chart strategy. This chart was simply used to identify reasonable entry and exit zones. At the moment, BTC has become temporarily overbought at an average price of $16,905. Kindly note that I still have a bullish sentiment because of the BTC drive to retest 18k. There are four levels for potential take profit, but one of the first three take profit levels is more likely to act as the oversold point.
Safe points to take profit:
T1: 0.56%
T2: 0.71%
T3: 1.15%
T4: 1.79
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
BTC Detailed Top-Down Analysis - Day 123Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
123 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin in 2023. My first impressions...Wish everyone a great 2023. Hopefully, also be better than 2023.
To start the year in big. I spend the first good minutes of the video talking about Bitcoin ordetrbooksm, futures & options metadata, and then finally the chart.
While we remain trading above the Yearly open I'm bullish about visiting the higher range. But that data is mixed with some implied bearishness as I discuss in the video.
check the full video for more detail since I provide a nuanced interpretation of the data and also talk about macro key levels for the year by talking about the Yearly chart and key levels in between.