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1-BTCUSD

Bitcoin's Next Huge Move: Must watch! 🐉🎆 Bitcoin's Monumental Path in the Year of the Wood Dragon 🚀💹 🎊 Celebrating New Beginnings Hi everyone! As we delve into Bitcoin's current trajectory, let's not forget to extend a warm Happy New Year to our friends in Asia celebrating the year of the wood dragon. This occasion isn't just about cultural festivities; it's a beacon for significant shifts in the crypto landscape. Drawing inspiration from the wood dragon's favor towards the rooster, we're navigating through the intertwined dynamics of political landscapes and market directions. 📈 A Look Back at Prophecy Fulfilled Reflecting on the prophecy I shared back in January 2023, during times rife with fear, uncertainty, and doubt (FUD), we highlighted a pivotal breakout pattern for Bitcoin. This "one, two, three" sequence has proven its mettle, reinforcing the forward-looking essence of the market. Amidst skepticism surrounding Bitcoin's valuation, our analysis foresaw the normalization of CPI and an amelioration in inflation rates, painting a bullish scenario for Bitcoin. The journey since has been nothing short of remarkable, affirming the resilience and prescience of our forecasts. 🌐 Navigating the Current Landscape In the recent unfolding of events, Bitcoin encountered a notable setback following ETF approval, set against a backdrop of geopolitical strife and regulatory tumult. The Bitcoin community's response to actions from figures like Biden and the SEC paints a complex picture of the challenges and influences at play. 🔍 Technical Analysis: Anticipating the Next Big Move Our technical dive reveals an impending third test of a critical resistance level, as denoted by the "one, two, three" pattern. Despite a straightforward approach to charting, the precision and effectiveness of our predictions stand strong, with Bitcoin facing the anticipated rejections and gearing up for a pivotal next phase. 📊 Forward-Looking Projections Looking forward, the possibility of Bitcoin revisiting lower support levels cannot be overlooked, emphasizing the need for strategic positioning and readiness. This analysis not only underscores the importance of historical resistance and support levels but also charts a forward-looking projection for Bitcoin's valuation, harboring an optimistic stance for 2024. 🚀 Conclusion: Embracing the Volatile Journey Ahead As we embark on the volatile yet promising journey through the year of the dragon, the melding of astrology, political dynamics, and market movements presents an enthralling narrative for Bitcoin's path forward. Amidst prevailing uncertainties, our dedication to delivering insightful analysis and strategic foresight remains steadfast, ready to embrace the next chapter in Bitcoin's evolution. One Love, The FXPROFESSOR 💙
by FX_Professor
9
BITCOIN - My Thoughts On The Current Waves...In this concept, I share my viewpoint on the present condition of the waves. It's not a short trade suggestion yet, but rather an observation of what I perceive to be happening. I unmistakably detect a sense of frenzy at the peaks, whether it's through comments or news pieces regarding cryptocurrency. Market behavior consistently mirrors the collective psychology of its participants. While I suspect we might be at or nearing a peak, further confirmation is needed through the breach of a couple more key levels. A drop below $47,643 and $46,792 should offer the initial indications required. Additionally, I delve into the broader pattern and its defining characteristics.
by AriasWave
1
BTC BITCOIN Technical Analysis and Trade Idea#Bitcoin Technical Analysis ⚫ Key Market Observation: Bitcoin #BTC has reached a significant resistance level on the monthly timeframe. Historical price action demonstrates consistent rejection at this level. ⚫ Anticipated Market Behavior: Given BTC's overextended state and recent strong bullish momentum, a retracement is likely. ⚫ Optimal Entry Strategy: Target a potential buy entry near the 61.8% Fibonacci retracement level. ⚫ Trade Setup: Seek a daily timeframe price swing aligning with the 61.8% Fibonacci retracement. Place a stop-loss order below the previous swing low. ⚫ Risk Management: Maintain a minimum risk-reward ratio of 1:2. Important Disclaimer: This analysis is intended for educational purposes and does not constitute financial advice.
OANDA:BTCUSDLong
by tradingwithanthony
1
BITCOIN - My View On This Trade and Coming Trends...In this video I go through the larger pattern and give you my thoughts on the smaller degree trade that we are currently following and making good gains on. However this is just the beginning of many known moves to come which are part of a repeating serious of fractal patterns which AriasWave is based upon. This is the reason we are in such a wonderful trade, that's because I understand very well that there can only ever be a certain amount of patterns that occur in a correction and all their variances. I also cover psychology but not in the way most people try to make it important but in the way it really affects traders.
Long
by AriasWave
BITCOIN - Long Trade Video - My Reasoning on Small\Large Degree.In this video, I outline the recent shifts in my perspective over the past few days and the reasons behind them. To make reasoned decisions within the context of AriasWave, I needed to identify a point of failure, which I accomplished within the last 24 hours. When it comes to trading, errors can result in being stopped out, but I've had several successful trades prior to this setback, so it's not overly concerning. The positive aspect is that we now have a new objective: aiming for the highs. It's crucial to recognize when one's perspective is incorrect and adapt accordingly, or else risk further losses. In this instance, the change in price action has influenced my viewpoint, as it should. The support level remains at $42,224, with a current target set at $48,000, though this may potentially increase. We'll observe how the situation unfolds.
Long
by AriasWave
2
BTC BITCOIN Technical Analysis and Trade IdeaRecently, Bitcoin has experienced a period of consolidation within a specific price range, punctuated by occasional spikes that have targeted liquidity. In the video, we analyze the daily time frame to gain insight into the broader context. We examine the market's trend, structure, and price action, exploring a potential trade opportunity. It's important to note that the information provided is for educational purposes only and should not be interpreted as financial advice.
OANDA:BTCUSD
by tradingwithanthony
BITCOIN - Short Idea Update - Looking For A Move Lower...Up to this point, I've observed various indicators signaling an imminent downward movement. The sluggish progression is attributed to consistently low trading volumes on most weekends. Despite the gradual unfolding, I want to share my perspective on the current situation. After capitalizing on profits from the corrective bounce, I am now anticipating a breach of the $41,620 lows. Such a breach would validate the conclusion that Wave E concluded at its peak, prompting us to prepare for an eventual downturn. However, this downturn may not occur immediately. My purpose in providing regular updates is not to invalidate the view just because a bounce occurred but rather to underscore the importance of comprehending market waves, particularly in a corrective range scenario. This understanding can prove valuable in building capital during corrective phases. Target: $41,620 with a stop at $43,745 or more aggressively at $43,490, depending on your understanding and confidence in the wave count. A break of $42,542 should make the latter more meaningful.
Short
by AriasWave
Bitcoin - Important StructureHello Traders, welcome to today's analysis of Bitcoin. -------- Explanation of my video analysis: In 2018 Bitcoin created the previous cycle high which was roughly at the $17.000 level. In November of 2020 Bitcoin then broke above the resistance, came back to retest and started its new bullish cycle. If Bitcoin will now retest the confluence of support mentioned in the analysis, I will certainly be looking for more long setups to add to my current long position. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
BITSTAMP:BTCUSD
by basictradingtv
17
BITCOIN - Short Trade Update - Choppy For A Reason...Whether you accept it or not, there is invariably a prevailing trend. Amid these turning points, a considerable amount of perplexity arises, contributing to the formation of these distinctive patterns. AriasWave possesses the expertise to decipher these patterns, while adherents of Elliott Wave theory may only recognize ABC patterns. In contrast, I assert that corrections can only manifest in a series of 5 waves. This conviction underlies my firm belief that the current juncture is a pivotal turning point. To demonstrate this understanding, I diligently provide daily updates on unfolding movements, even addressing instances where I may have been unaware due to residing in Australia and being asleep during certain market events. In my latest video, I delve into a comprehensive analysis of the current market scenario and elucidate the psychological aspects essential for success in trading.
Short
by AriasWave
6
"Shiba Inu Coin Poised for Breakout: Potential Surge!Is Shiba Inu (SHIB) the Next Big Cryptocurrency Investment Opportunity? In the dynamic world of cryptocurrencies, where trends shift rapidly and opportunities abound, one asset that has captured the attention of investors worldwide is Shiba Inu (SHIB). With its recent double cup bottom formation and the potential for a breakout to the upside, coupled with the compression of moving averages indicating a potential major trend shift, SHIB is garnering interest as a promising investment option. In this article, we delve into why SHIB may be worth considering for investors looking to diversify their portfolios and capitalize on the crypto market's volatility. Understanding the Double Cup Bottom: A double cup bottom is a technical chart pattern that typically signals a potential reversal of a downtrend and the beginning of an uptrend. In the case of SHIB, the formation of this pattern suggests that the cryptocurrency may have found a bottom and could be poised for a bullish move. The double cup bottom indicates a period of accumulation followed by a breakout, which could attract buying interest and drive prices higher. Potential Breakout to the Upside: The prospect of a breakout to the upside further enhances SHIB's appeal as an investment opportunity. A breakout occurs when the price of an asset moves above a key resistance level, signaling a shift in market sentiment and potentially paving the way for further gains. With SHIB displaying signs of upward momentum, investors may see an opportunity to capitalize on a potential rally in the cryptocurrency's price. Compressing Moving Averages: Another bullish signal for SHIB is the compression of moving averages, which suggests that a major trend shift could be on the horizon. Moving averages are widely used indicators that smooth out price data to identify trends over a specified period. When moving averages begin to converge, it indicates a period of consolidation, often preceding a significant price move. In the case of SHIB, the compression of moving averages hints at the possibility of a breakout or trend reversal, making it an attractive option for traders seeking to capitalize on market movements. Why SHIB Looks Like a Good Buy: Considering the technical indicators pointing to a potential uptrend, along with the growing popularity of SHIB within the cryptocurrency community, it's no surprise that many investors view it as a compelling buy. The recent surge in interest in meme-based cryptocurrencies, coupled with SHIB's strong community support and widespread availability on major exchanges, adds to its appeal as an investment option. Moreover, SHIB's low price point relative to other cryptocurrencies makes it accessible to a wide range of investors, including those with limited capital. This affordability factor, combined with the potential for significant price appreciation, makes SHIB an enticing opportunity for those looking to enter the crypto market or diversify their existing portfolios. Final Thoughts: While investing in cryptocurrencies carries inherent risks, the potential rewards associated with assets like Shiba Inu cannot be overlooked. With its double cup bottom formation, potential breakout to the upside, and compression of moving averages signaling a possible trend shift, SHIB presents an intriguing investment opportunity for those willing to embrace the volatility of the crypto market. As always, it's essential for investors to conduct thorough research, assess their risk tolerance, and consider consulting with a financial advisor before making any investment decisions. However, for those seeking exposure to the burgeoning world of cryptocurrencies, SHIB stands out as a compelling option with the potential for significant upside in the days and weeks ahead.
COINBASE:SHIBUSDLong
by UnknownUnicorn2319099
1
BITCOIN - Short Idea Video - Head & Shoulders - Triple Top...We've breached the support level, signaling the end of the upward trend, and I delve into the various factors contributing to this shift in my latest video. I also discuss the reassigned labels for the Wave 2 count; in my perspective, a downward expansion indicates a weakening market. The attempt to rebound with two separate 5-Wave moves, interspersed by a zig-zag Wave D, suggests that the bears are gaining control. In times of crisis, there's potential for profit if you have a compelling reason to short, particularly during declines. Anticipating this move to coincide with a global recession, it presents a rare chance to purchase assets at more affordable prices. Rather than viewing it negatively, see it as an opportunity – embracing both the favorable and unfavorable aspects. A confirmation of Wave 3 downward will materialize with a break below $41,620.
Short
by AriasWave
🎓✨ FXProfessor's Insights: Bracing for the Fed's Pivotal Move 🎓✨Some of you were laughing last year when i posted this at BTC 18K: but I had done my analysis right. Both technical (breakout) and Fundamental (just read what i was saying about rates and how market is 6 months ahead!). In a similar manner i had explained why 45k is closer than most were thinking: (read it! understand it! learn from it!) 🎓✨ Now: 🙋‍♂️ Apologies for the brief hiatus - I've been deeply immersed in my latest AI token project. 🤖🌐 Though it's been taking up much of my time, I'm still keenly observing the crypto charts, especially Bitcoin. 📉💡 Last we spoke, we dove into Bitcoin's significant support levels, backed by Fibonacci analysis. 📈🧮 We saw an intriguing pattern: Bitcoin, after a dip, rebounded almost perfectly in line with our predictions. 🎯🔄 This critical support level, a focus since early last year, continues to be a key player. 🗝️💥 We watched Bitcoin approach this level, only to face rejection, nearly a year after we initially spotted it. 🛑⏳ Currently, Bitcoin's vital level is nestled between $47,800 and $49,300, with a more specific aim around $48,400. 🔍💲 Additionally, we've pinpointed a new support at $43,091. 🆕📉 Our foresight from last year proved accurate, as Bitcoin indeed rallied to this major resistance level and faced rejection. 🎉🎢 Our "sell the news or buy the breakout at 48" strategy hit the mark. 👍📈 When the anticipated ETF breakout didn't materialize, I shared my first short idea on Bitcoin in two years, timing it almost impeccably. ⏰🔽 As we chart this course, the upcoming Federal Reserve decisions are pivotal. 🏛️🔮 Despite a flood of articles and predictions, I'm staying laser-focused on the market's reactions. 💻🧐 With elections looming, we might see a more cautious approach from the Federal Reserve, which could significantly sway Bitcoin's path. 🗳️📉 Let's remain alert and see how these events play out. 🕵️‍♂️💬 If you've been riding the wave of my long-term analysis, I hope it keeps steering you right. 🌊🏄‍♂️ The market always has surprises up its sleeve, but with meticulous analysis and an eye on the fundamentals, we're well-equipped to navigate these thrilling times. 🌐🚀 One Love, The FXPROFESSOR 💙🎓
Long
by FX_Professor
4
BITCOIN - Long Trade Update - Video...In this video, I discuss recent long trade concepts for Bitcoin and provide a recap of the thought process that led to the decision-making for initiating these trades. Additionally, I delve into the strategies of securing profits and implementing scaling techniques. While learning fractal patterns may require dedication, they are not insurmountable. I also emphasize key traits exhibited by Wave E's, as they are pivotal in various markets over the medium term. As of now, the established support level stands at $43,082. See related ideas below.
Long
by AriasWave
1