BTCUSDT, bears took a market.Hi friends, very interesting process on a market now. We have purchasing of a bulls who close position (sold) and after that secondly sold. Watch a video and have a nice day.
1-BTCUSD
SPY Weekly sep10th,2023This is the price action of SPY. So if are trading just go through this and understand the logics and trade accordingly.
BTC my plan is still active BTC my plan is still active
If they take SL of sellers - we take short
watch full update
Market Outlook: September 23 - Week 1Pretty much my thoughts on this coming week.
This shows exactly what I am looking for from NDQ, SPY, APPL, DJI and some others.
Is BTC Headed to 2019 Bear Market Lows - SHORT -85%?In this video analysis, we dive deep into the current state of Bitcoin's price action. We'll explore the critical M formation that emerged in June 2021 and how Bitcoin is currently resisting its lower boundary. We'll also discuss the ongoing corrective b-wave within the larger wave C, examining potential upside targets.
Join us as we analyze key support and resistance levels, Fibonacci retracements, and Elliott Wave Theory to provide insights into where Bitcoin might be headed next. Our target zone of interest? The 2019 bear market lows, situated between $3,000 and $4,900, which aligns with the 1.618 to 1.272 Fibonacci levels of the preceding wave a.
Stay ahead of the cryptocurrency market trends with our in-depth technical analysis. Don't miss this opportunity to gain a comprehensive understanding of Bitcoin's potential price movements and make informed trading decisions.
BTC Bitcoin Technical Analysis and Trade IdeaBitcoin is presently positioned within critical daily, weekly, and monthly price levels. An evident trend on the chart indicates that Bitcoin has been subjected to significant bearish pressure, prompting us to consider the potential for a selling opportunity. Nevertheless, there are noteworthy chart elements that demand our careful scrutiny, and these have been thoroughly examined in the accompanying video. In the video presentation, we conduct a comprehensive analysis of the prevailing trend, price fluctuations, market structure, and other essential facets of technical analysis. It is worth reiterating that our video provides lucid explanations, but it is imperative to underscore that the information presented should not be misconstrued as financial advice.
Bitcoin's Line in the Sand is at 25,200 RN!Traders,
There is one line that I am especially focused on right now. Many of you, my followers, are already familiar with what this line is. In this video, I discuss the 25,200 level, why it is important, and what happens if this level of support breaks.
Stew
#BTC Cycles & TA: 9/3/23Indicators are still showing signs of weakness. we have more bearish signs than bullish, but i cover both to show the overall picture.
FOREX FORECAST| EURUSD , GBPUSD,US30 & BTCUSD 4TH-8Th SEP 20223Here is forecast for the coming week . Try and do your own research before placing a trade .
BTCUSD ANALYSIS 2ND OF SEPTEMBER 2023Here the market on Daily timeframe has formed double button and also 4 hours time frame even on 1 hour still the same thing so that means that going for long is needed
BTCUSDT HTF Analysis3 Month & Monthly View of BTC.
Leaning slightly bearish for price to revisit October lows.
BUT, there is possibility for bulls to show up in bullish 3 month FVG, will have to wait and see how price responds.
Channel tradingHow to trade channels after sharp moves, where there is a valid money flow in the market.
During this short video I just described one of very common and useful techniques that is applied for channel trading, which is for this video scalping, but it applies to all time frames.
Here you need to get confirmation and be patient for pull back, it is important to put your stop loss precisely and of course be loyal to it (please do not move it)
Put the stop loss under that shadow but with enough space for breathing
SPY WEEKLY|28th-1st Sep,2023This is my analysis for SPY and be careful and trade as per your risk tolerance.
NOTE: MARKET SHOULD GO DOWN
Bitcoin -> Still No Bullmarket?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪
A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected.
With Bitcoin retesting weekly support and looking at the overall (still) bullish picture, I do expect another weekly rejection away towards the upside.
But the daily timeframe is not bullish yet so I am waiting for a couple more daily candles and a bullish reversal before a daily rally could be quite likely.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
BTC Bitcoin Update Technical Analysis and Trade IdeaIt's evident that Bitcoin has been consolidating over a period, establishing substantial liquidity both above and below the current range. The recent sharp downward movement has captured my focus. In the video, we examine a potential trading concept contingent upon the unfolding of specific price action scenarios. We delve into the prevailing trend, price action dynamics, market framework, imbalances, liquidity considerations, and various vital components of technical analysis. Just as usual, all details are thoroughly elucidated in the video; however, it's important to emphasize that this content should not be interpreted as financial counsel.
Tuesday, August 22 Market Update - BTC, ETH, DXY, SPX, NQGeneral Market update focusing on Bitcoin.
Bitcoin breakdown is still not being supported with significant spot buying as the March dump was, overall volume is low. ETH looks much worse however has the ability to gain some local levels and move higher. Both BTC and ETH are ranging and building liquidity.
The SP500 and the Nasdaq are still rallying and have the ability to regain significant levels, however, higher timeframe they are both overdue for a retracement. Locally they are having an upside bounce but generally and higher timeframe they are still having a retracement.
The Dollar Currency Index is still strong continuing it's rally from mid July. the DXY is generally looked at as having inverse correlation to TradFi and Crypto with both experiencing highs as DXY made its mid July lows. The DXY is currently at resistance from the Yearly Open and any gain of that could indicate further downside.
#BTC Cycles & TA: 8/21/23Three Major events are taking place this week. The Charts are signaling that tomorrow is a dangerous day.... Watch and see what the charts are saying today.
BTC BITCOIN Technical Analysis and Trade Idea UpdateWe can clearly see that BTC has reached a crucial support level accompanied by a slight retracement. While the prevailing trend leans heavily towards bearishness, a pivotal question arises – to what extent will Bitcoin retrace, offering us a potential entry opportunity? The video content delves into various aspects of technical analysis, encompassing elements like the trend, price action,, market structure, and more. It's vital to underline that the video expounds on these factors, and it's important not to misconstrue this content as financial advice.
SPY WEEKLY 21st-25th August,2023This is the analysis for SPY FOR THIS WEEK. I have discussed my shorting levels clearly. Trade safely, confidently and dont gamble.
NOTE: I WILL SHORT AT THE LEVEL DISCUSUED IN THE ANALYSIS & NOT BEFORE THAT
TOTAL & BTC: Guide to Trend Line AnalysisHi Traders, Investors and Speculators of Charts📈📉
One of the most important parts of trading is following the macro phase and planning your trades. The only way to do this, is to pre-identify the macro market cycle that's currently playing out, as well as determine key zones of support and resistance. You do this by drawing up trend lines on the chart, from a macro perspective.
Here's a comprehensive Guide to Elliot Wave Theory, done on ETH :
To summarize if you're short on time, Elliot wave identifies upward and downward phases during an overall bullish or bearish cycle. Wave 1-2 can often correct a near 50% from starting point of wave 0-1. This means the price can drop -50%, and you would still be in a bullish cycle .
Now that we've discussed Elliot waves, we can also take a quick look at Wyckoff Method for BTC, which I did over here:
In other words, don't be scared of corrections! Wait and plan your trade. There's no need to force a trade. If you have identified your support and resistance zones with diagonal and horizontal trend lines, you can wait for the price to reach your target and execute a brilliant trade with a great risk-reward setup.
#BTC Cycles & TA: 8/17/23CONGRATS to those who follow my work were warned about today and hopefully prepared.
Thoughts on BTC: What to look forward to over the next 2 weeksKey Levels:
25.2K
28.6K
Weekly 200 Moving Average
Watching for consolidation over the next few days in between 25.2 26.8
By the end of the month looking to either
Bullish Case
make another high over 31K
Bearish Case
making a low under 25.2K Potentially Targeting 19.6K Next
Finally some movement $BTCChart Analysis: BITSTAMP:BTCUSD KUCOIN:INJUSDT
The Bitcoin market shows signs of stirring from its slumber! As anticipated in our preceding commentaries, BTC is making its way towards the 18k zone. However, the strength to break through significant resistance points eluded it, just as we discussed in our earlier videos. Notably, there has been an adjustment in our projection of the massive cup and handle pattern. The recent trend line breach on the weekly chart likely invalidates this pattern.
A confirmation of a double top pattern is evident. Following this, BTC retested the newly established resistance and took the downward trajectory, just as predicted.
So, what lies ahead for Bitcoin? The forecast suggests a few more sluggish days of price oscillations, potentially culminating in a liquidation sweep or a retest of the longstanding trend line. Should this play out, it presents an opportune moment to initiate a short position and ride the price down towards the 18k area (though this target may shift as we approach it). It's essential to note that now isn't the ideal time to short; the current position is too extended from the EMA. It's wise to await a retracement.
Risk Management:
Navigating the volatile crypto market necessitates meticulous risk management. As you consider potential positions, align your size and strategy with your risk tolerance. Tools like trailing stop losses can be invaluable in preserving accumulated profits as the market evolves in your favor.
Disclaimer:
Please remember, this analysis is shared for educational insights and is not a financial recommendation. We urge you to conduct your own comprehensive research and, if needed, seek advice from a financial consultant before making any trading decisions. Trade safe!
