BTC BITCOIN Technical Analysis and Trade Idea#BTC's recent bullish run has been noteworthy. However, I'm watching for a potential buying opportunity if we see a decisive retracement down to the 61.8 Fibonacci level. A subsequent retest and failure of a range at the low around the current support level formed during that pullback would provide a strong entry signal for #Bitcoin. As always, it's crucial to remember the inherent risks of trading. Conduct your own thorough research, factoring in fundamental market drivers and the broader macroeconomic landscape alongside your technical analysis. Never neglect sound risk management strategies to protect your capital.
Disclaimer: This analysis offers a technical perspective on BTC and should not be taken as investment advice. Tailor your trading decisions to your specific risk tolerance, informed by comprehensive market research and a holistic assessment of all relevant factors.
1-BTCUSD
BTC BITCOIN Technical Analysis & Trade IdeaBitcoin (BTC) has enjoyed a robust bullish run, but recent price action on the four-hour 4H chart indicates potential weakness. Since February 13th, BTC has entered a sideways consolidation phase. I'm anticipating a sell opportunity should we observe a decisive break below the current range low, followed by a retest and failure of that level. Potential targets for this trade would align with prior swing lows.
It's imperative to emphasize that trading carries inherent risk. Before executing any trades, it's vital to conduct your own extensive research. Consider both fundamental market drivers and global macroeconomic conditions alongside your technical analysis. Always implement sound risk management practices to safeguard your investment.
Disclaimer: This analysis presents a technical viewpoint on Bitcoin. It should not be interpreted as investment advice. Base your trading decisions on your own risk profile, comprehensive market research, and a thorough assessment of all relevant variables.
BITCOIN - Follow Up Video Because We Broke A Mini High...This video is a necessary follow-up because we've unexpectedly breached the high that, in the last video, I indicated wouldn't occur just yet, while demonstrating my wave analysis with AriasWave.
Now that it has happened, I delve into what actions to take and what outcomes to anticipate. However, if this trend holds true, the timeframe may be too short for me to generate a long-term trade idea.
Witness the developments for yourself and form your own conclusions. The previous video, where I outlined this analysis, will be linked below for reference.
BITCOIN - I Show You How I Analyze Waves Using AriasWave...In this video, I demonstrate how I analyze a wave using AriaWave, guiding you through the process while also unveiling the complete AriaWave pattern.
This method, rooted in human psychology, offers a logical approach to understanding market patterns—a technique I've honed over nearly a decade.
Despite its complexity, I'm willing to share it because I understand the challenges of mastering such concepts. Providing insight into its workings is my way of giving back to those who support my work.
By hitting the boost or like button, you not only show your appreciation but also encourage others to delve into learning.
Just a little side note: For the wave I skipped, it is easier to rationalize a wave that doesn't make sense on a bigger timeframe because you can see more detail in its sub-components.
BITCOIN - Hold Fire For Now, Take Profits and Wait For...In this video, I delve into the distinction between trading and analysis, highlighting why it's crucial to occasionally step back and regain composure when things start to veer off course.
I recount a recent experience where I found myself in such a situation, and how I managed to exit with a profit, opting to wait until clarity returned to the market.
Within us lies both a rational mind and an instinctual one, and at times, they vie for dominance. By attuning ourselves to these fluctuations, we cultivate the ability to pause and detach until our logical faculties guide us back into a trade.
Beware of succumbing to impulsive trades driven by the instinctual mind.
BITCOIN - My View On The Recent Price Action...Here's an update on my earlier long trade proposal, slightly altered by a recent low break, though not breaching the previous low.
This development is intriguing and might establish new support.
I'm still aiming for $55,404, but the formation of support has been unexpectedly unique. If it holds, fresh support emerges at $50,627.
Confirmation of an upward move will occur upon breaking $52,521.
BITCOIN - I Realise Now That This Is A BULL TRAP!!!I've concluded that the current Bitcoin trend resembles a bull trap preceding an impending recession.
Regrettably, I too was ensnared, initially believing it signaled the beginning of another bullish market.
However, I now realize my error. In my forthcoming video, I'll delve into the rationale behind this assessment and share strategies for capitalizing on the long trade during Wave 5 of Wave (C) when it appears imminent.
Adequate no BS BTCUSD analysis, no random pullbacks to 10k :)Now almost every second or third analysis will show you a huge red arrow pointing to random areas to the downside.
Let's see what other options we have for BTCUSD.
☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
10 Daily Outlooks. D7. BTCUSD, EURUSD, GOLD☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
BTC BITCOIN Technical Analysis and Trade Idea (video)This is a full video explanation of my previous post. #BTC has encountered substantial resistance at both weekly and monthly (1W/1M) timeframes.
The 4-hour (4H) chart reveals sideways price action and a formation of a lower high, indicating potential bearish pressure. Expect a retracement targeting the 61.8% - 78.6% Fibonacci zone, derived from a significant daily swing low to swing high.
Trade Suggestion:
- Monitor for signs of a bearish shift in the trend on the lower time frame to confirm the retracement.
- Consider short positions upon breakdown from the current range, targeting the Fibonacci zone.
- Stop-Loss: Implement a carefully calculated stop-loss above the recent swing high to manage risk effectively.
Disclaimer:
This analysis is offered for educational purposes only and should not be interpreted as direct financial advice. Always conduct your own thorough research and implement sound risk management practices before initiating any trades.
BITCOIN - Wave Count Rethink - My Wave D Breakout Theory...In this video, I delve into my Wave D Breakout theory.
Upon recognizing the potential for this phenomenon in XLM, it became evident to me that both assets need to breach a specific level.
However, upon achieving this, they are likely to encounter rejection.
So, what does this scenario imply in terms of wave dynamics? My analysis suggests that we'll witness an expansion of the corrective phase within Wave D for both cases.
BITCOIN TO $289,000 - Wave 3 Of Wave (C) In Progress...Here's my latest analysis on Bitcoin, with a target around $289,000.
While I use this number for perspective, it's worth noting that the price could potentially surpass it.
However, it's crucial to recognize that the upward momentum is finite, and as the mania intensifies, many will be drawn into the market before a significant downturn occurs.
Across all cryptocurrencies, we're still witnessing a bubble phase, a phenomenon present in various markets.
Embracing these bubble phases offers us a chance to capitalize before the true bull market emerges.
I'll share another long trade idea as I observe the waves unfold further at higher levels, as I anticipate we're on the verge of entering an extremely bullish phase.
10 Daily Outlooks. D5. BTCUSD, XAUUSD, GU, EU, US100☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
10 Daily Outlooks. D4. EU, GU, US30,100, BTCUSDWill analyse markets and possible entries every day for 10 days. Send your pairs or questions
☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
BTC - Follow THIS Path to the HALVING📉Hi Traders, Investors and Speculators of Charts📈
If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle. I've also referred to this as Elliot Wave Theory Wave 1.
According to my plan, this is the first impulse wave towards the upside. But the upwards wave are always followed by correction waves; a natural part of any cycle. I expected the second impulse wave (2-3) to happen very close to or just before the BTC halving, which is set to happen in April. This is based on a previous analysis that I did where we made a conclusion based on the price action of the previous BTC halvings before, during and after.
👉 Macro Analysis
Bitcoin is due for that 30% correction / pullback. Even dropping to lower 30K zone would still be a lower high, classic Elliot Wave Theory before the next upwards impulse wave, which is the biggest ( wave 2). This will fall exactly on the white diagonal trendline, which is our support zone.
👉 Technical Indicator Analysis
Our technical indicator is still bullish, but showing "Overbought". In a higher timeframe, this usually means it can carry n for some time - but a pullback is imminent before another impulse upwards.
NOTE that I am BULLISH on BTC. We're in the opening moments of a new bullish cycle, but there are pullbacks and corrections in upward cycles - and I'm expecting that we're currently trading in impulse wave 0-1.
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BITSTAMP:BTCUSD COINBASE:BTCUSD INDEX:BTCUSD INDEX:BTCUSD BYBIT:BTCUSDT.P
10 Daily Outlooks. D3. EU, GU, US30,100, BTCUSDWill analyse markets and possible entries every day for 10 days. Send your pairs or questions
☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
Bitcoin - THIS INDICATOR calls the TOP📉Hi Traders, Investors and Speculators of Charts📈
It's always good to refer back to the MACRO trend when watching BTC. From a macro perspective; we're definitely overdue for that proper bull-cycle correction - also important to keep in mind the halving coming up in April.
We can confirm this bias by taking a look at a very specific indicator called the Balance of Power. Historically, on a macro timeframe, this indicator has been great at calling local tops and bottoms.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
_______________________
📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
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BINANCE:BTCUSDT