1-BTCUSD
BTC - This is Why I Am Now Shorting Bitcoin...In this video, I delve into the considerations that led me to take a short position on Bitcoin at these specific levels. I want to clarify that I'm not advocating for others to follow suit in shorting Bitcoin; rather, I'm elucidating the rationale behind my decision. The video also touches upon the influence of the Dow Jones and Solana on this decision, and I present a slightly less optimistic perspective on BNB.
While the medium-term outlook still anticipates all-time highs, the short-term signals suggest a potential impediment to the crypto market's performance due to a looming recession. Despite this, I posit that ongoing stimulus measures during such economic events act as catalysts for the subsequent upward movement. It seems imprudent to adopt a bullish stance before a correction has run its course, underscoring the fundamental principle behind the formation of AriasWave.
BTC - the halving is coming upG'day,
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Consolidative box example (Daily)
Orange = Daily
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Below are some of the take aways from the video - please listen again incase any detail is missed.
Link to the log model back in 2022 is still strongly in play.
Weekly chart
Daily timeframe
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Professional analyst with 8+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
Provide updates where necessary - with new updated ideas tracking the progress.
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LVPA MMXXIV
TRILLION DOLLAR BITCOIN - No, It's Not Clickbait...To begin with, it's crucial to emphasize that this approach differs significantly from Elliott Wave analysis. Utilizing the AriasWave methodology involves years of observation and ongoing pattern analysis, making it distinct from conventional techniques. This video may seem out of the ordinary for this channel, as I've consistently held a contrarian view on Bitcoin since its inception.
By conducting a comprehensive analysis across various cryptocurrencies and concentrating on those that exhibit unique characteristics, I've formulated certain assumptions that have the potential to challenge conventional thinking using straightforward logic. This reasoning is rooted in distinguishing between impulsive moves and corrections. When a correction expands by a remarkable 200 million percent, it signifies an unusual occurrence with implications that extend into various aspects of daily life.
I don't believe we are immune to hyperinflation solely due to the existence of central banks. Instead, I perceive central banks as akin to an inebriated driver behind the wheel, with monetary policy as their preferred intoxicant. To illustrate, using the analogy of a central banker, it appears that when your only tool is a hammer, everything tends to resemble a nail. In response to every crisis, the singular tool employed is more Quantitative Easing (QE). While this type of inflation has been a persistent issue, much like the boiling frog analogy, the market seems to be reaching a critical point.
I encourage you to assess the content for yourself, bearing in mind that every posted comment endures indefinitely. Your efforts on this channel will yield lasting results, so, as always, conduct thorough research and refrain from seeking confirmation of preexisting biases if that's your inclination.
BTC is going to see 36K as the first target!Hi dear traders,
As we said in our last analysis on BTC, There is a need to correction for Bitcoin and this price falling is natural.
Everything is explained in the video, See my previous analysis on the BTC too, It helps you to understand current market situation.
Be free to ask your questions in the comments, Best regards, Zargar.
Bitcoin's Pivotal Moment: Crucial Support Level Analysis📊🚀 Bitcoin's Pivotal Moment: Navigating the Crucial Support Level - A Technical Analysis Deep Dive 💹🧭
Hello everyone! In today's TradingView idea, we're delving into Bitcoin's current trajectory, especially as altcoins experience sharper declines. We'll focus on Bitcoin, as it's showing some unique behavior amidst market uncertainties.
Bitcoin at a Crossroads: The Big Rejection and Whale Dynamics
Bitcoin recently faced a significant rejection at a major support level, a point I've emphasized in numerous analyses. The concept of "buy the rumor, sell the news" is pertinent here, especially in the context of whale behavior. This pattern has led to Bitcoin oscillating between a potential breakout and lateral movement.
Failed Breakouts and SEC Impacts
Contrary to previous tendencies, I've shifted from a bullish to a bearish stance on Bitcoin. Recent developments involving the SEC and ETFs have failed to catalyze a breakout. This, coupled with Grayscale's ongoing Bitcoin offloading, presents a nuanced market picture.
The Fibonacci Perspective and Support Levels
Applying Fibonacci analysis, we notice key rebounds at the 0.38 level, indicative of potential future movements. However, we must also consider the 0.618 Fib level for a comprehensive view. Currently, Bitcoin hovers around a critical Fibonacci level, hinting at potential rebounds or further declines.
Channel Analysis and Price Predictions
Examining Bitcoin's movement within a massive channel provides insights into potential support levels. Should Bitcoin break below these levels, a drop to as low as $31,000 could be on the cards. However, based on fundamentals and easing selling pressure, there's a rationale for a bullish stance between current levels and $39,900.
Target and Caution
The immediate target lies in the $48,000 to $49,000 range, serving as a resistance cluster. However, we must remain vigilant, acknowledging the possibility of a significant downturn if key levels are lost.
Closing Thoughts
In conclusion, Bitcoin is at a critical juncture. While the potential for an upward breakout exists, we must prepare for volatility and possible lower dips. My analysis leans towards a bullish outcome, with an 82% likelihood of avoiding a drastic fall.
One Love,
The FXPROFESSOR 💙
SEC Greenlights ETF but Breakout failed! / Be Aware!!! 🎉 ETF Approval: A Cause for Celebration or Concern in Crypto?
Hello, traders! Today's update comes with a blend of excitement and a touch of caution. 🎭 The long-awaited ETF has been approved, slicing through the SEC's comedy of errors. Yet, amidst the celebrations, a sentiment poll reveals a split view: 32% are elated 🚀, 42% content but expected more 😐, and I'm with the 19% feeling a twinge of disappointment 😔. Let's dissect the chart and today's happenings to understand why.
📉🚦🤔 The Missed Breakout: Bitcoin's Resistance Conundrum
Despite the bullish news, Bitcoin failed to rally past the crucial support/resistance level. This yellow line isn't just any marker; it's the one I've been spotlighting since January 2023. 🎯 It's where Bitcoin's fate hangs in the balance.
🔍 Technical Analysis: Seeking Direction in the Crypto Winter Aftermath
Our journey through the crypto winter revealed strong buy signals at $16K, $20K, with a confirmation dip at $24K, offering numerous chances to go long. However, with the ETF news failing to push us beyond the pivotal level, it's time to ponder – are we gearing up for a major breakout, or is it wise to 'sell the news'? 🤔
📈🚦 Strategic Outlook: Navigating the Crypto Seas
Here's the strategy moving forward:
Buy the Breakout: If Bitcoin ascends over $48,200, it's a green light. ✅🚀
Sell the News: If it lingers under FWB:48K , caution is your best ally. 🛑📉
🔁 Shifting Focus: Ethereum's Emerging Narrative
Switching focus to Ethereum, the ETH/BTC chart hints at a shifting tide in altcoins, while Bitcoin dawdles at resistance. Whale psychology suggests that altcoins like Ethereum and Cardano could diverge from Bitcoin's path.
🔮 Anticipating the Halving: A Glance at Historical Patterns
In anticipation of April's halving, historical patterns imply we could witness Bitcoin soar to the $100K-$300K range. Yet, for now, the prudent move is to wait for a decisive breakout above $48,200 or brace for potential retracements to $42,800 or even $40,000. 🧐
🌐 Macro Perspective: The Bigger Picture in Crypto Dynamics
Keeping an eye on the macro scene, interest rates, and institutional moves post-ETF will be crucial. Remember, the market typically leads the news by six months. As we navigate these choppy waters, stay sharp and prepared to capitalize on both breakouts and pullbacks. 📊
🔔 Final Thoughts: Staying Ahead of the Curve
Just how we did Here and Here and Here and Here
One Love,
The FXPROFESSOR 💙
Market Update 3/1/2024Too lazy to type again. Just watch the video. Its pretty straight forward.
As before, Id still like to see a drop back to the day TF hulls .
I am hoping this corresponds to MARA starting under 21.5 and then I can grab it when we start a week back above 21.5. And by above, I dont mean 25-30% above like it did last week.
Bitcoin : Why the ETF News is BEARISH for BTCHi Traders, Investors and Speculators of Charts📈📉
The Bitcoin ETF approval is expected to be announced any day now - but wat does this mean for the price of BTC?
When there's an unprecedented event that will affect the markets, it's helpful to return to the basics:
👉 Buy the rumor, sell the news
👉 Macro Analysis
👉 Candlestick analysis
👉 Buy the rumor, sell the news
If the ETF should be declined (which seems unlikely), the price will definitely react negatively. But if the ETF is approved (as most widely anticipated), the price will likely also drop as the classic dump after good news.
👉 Macro Analysis
Bitcoin is due for a correction / pullback. Even dropping to lower 30K zone would still be a lower high, classic Elliot Wave Theory before the next upwards impulse wave.
👉 Candlestick analysis
BTC has made 5 consecutive green candles in the MONTHLY. A red one is definitely overdue. This will support as a "fundamental reason" for the ETF news.
NOTE that I am still 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 one around the time of the ETF news.
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BINANCE:BTCUSDT
BTCUSD BULLISH ANALYSIS FOR 8.Jan 2024 -12.Jan. 2024Bitcoin ETF Issuers Clear Major Hurdle on Path to SEC Approval
Firms looking to launch spot-Bitcoin exchange-traded funds cleared a major hurdle this week on the path to gaining sign-off from US regulators in coming days. Securities and Exchange Commission staff told several exchanges and issuers seeking to list the ETFs that they should submit a final version of a key document as soon as Friday
Trend Bullish
Major Levels Are Now Being Broken in the Altcoin Space!Traders,
In this weekend's video, I am continuing my cautionary tale. You'll remember in my last video that I went all contrarian on you regarding the Bitcoin ETF approvals. I was not necessarily bearish. But I am not necessarily bullish either. I am only observing some indications on the charts that warrant caution. And thus, I stated that we need to be prepared to expect the unexpected. We could be at a mid-cycle top and the whole ETF approval thing could be a sell the news event. Altcoins, now seem to be backing that hypothesis as major support levels are being broken all around. We'll take a look at what I am observing on these charts.
Bitcoin Flippening Theory Based On AriasWaveSince embarking on the creation of AriasWave, my primary objective has been to delve into corrections and unravel their expansive potential. My focus extended to scrutinizing the potency and characteristics inherent in 5-Wave movements, as they often offer insights into their upward limits. Regarding the Bitcoin pattern, from the outset, I harbored reservations about its purely impulsive nature, except for the cyclical pumps associated with halving events. While I don't predict Bitcoin's descent to zero, I discern indications that it may lag behind in performance compared to other projects efficiently fulfilling similar functions.
This isn't a dismissal of Bitcoin's revolutionary impact, as it undeniably fueled innovation. I remain open to all possibilities, but prudence dictates acknowledging superior risk/reward scenarios when alternatives with greater efficacy present themselves. Hence, I propound my flippening theory, shedding light on the potential future displacement of Bitcoin by various alt-coins, contingent upon their respective patterns.
BTC ETF Approval. Expect the Unexpected.Happy New Year Traders!
With the likelihood of Bitcoin ETF approval in the cards, there are a plentitude of zealous crypto traders on the crypto rocket anticipating destination moon. But what if it doesn't turn out the way everyone expects? What if the MMs shake out the pockets of dumb money and over-leveraged moon boys? Or worse yet, ETF approvals are delayed yet again? Nothing is really certain until it's settled. In this episode, we're going to discuss a few indications that the possibility of more sideways to down action is really not that far-fetched. Understanding this perspective can help us to trade safely and avoid being rekt.
BTC Level Up Area $49,000 $82,922 $133,325 Bullish?Maybe this looks crazy.
However, this kind of pattern I've seen before happened to the coin's TRB.
If BTC price rises to the $49,000 Area then BTC could potentially form a rounding pattern.
If that happens, there is a chance to rise to the $82,922 area. And at that time it was in the mid-weekly channel trend.
Do some analysis before following this.
What do you think?
BTC. 39.5k-->42k-->38k-->Moon?Summary of 20 minute video:
PA looks horrible as usual. We never seem to hit the targets that need to be hit for the price to go up.
I am still bullish on BTC, but the buy spot was the week start of Nov 20th, not now.
Anyway, I think we go to 42.6k, then 39.5 (oversold wick because of stop losses and then come back above ~40,300 and find support on the 12HR 500 hull and pushing back to this 42k level before dropping again. The reason why I would assume that the price would drop again is that the week timeframe looks bad at the point and may need to come down.
Really from there I still think its a matter of coming back up to drop down towards the day time frame hulls. They are currently at 36k and 36.8k, but are increasing at a rate of about 120 dollars a day.
So it will not take long for them to get above the week TF hulls (37k and 37.6k) to provide good support and finally move upwards.
I did not mention it, but I do think the dollar should have dropped more. It is currently hard to see it really pushing up too much and back into the Week TF hull range. Thus, I wouldn't be surprised if the dollar goes back up, just to fail again.
aaaaanyway. I go more into detail in the video.
What to Expect from Bitcoin? Brief and to the pointGreetings, friends.
This video will present an analysis of Bitcoin
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Analyst’s Disclosure:
This article may not take into account all the risks and catalysts for the stocks described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental criteria or events change in the future, I do not assume any obligation to update this article.