BTC Facing Huge Sell Off This week.24.8K This week Is ImminentBitcoin touched 29K four times and we could tell big money is interested at that level because each time we touched that level big sell off happens.
I have incorporated Supply/Demand Into todays video . very interesting concept that has been playing out in the range that we are in (27.2-29k)
highly encourage you to watch this untill the end
Once we lose 26.8 then 24.8 will come
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1-BTCUSD
Decision Time for Bitcoin this Week. Plus Some Positive SignsTraders,
Bitcoin has reached the end of a very important triangle. It's time to make a decision. This week we should find out if:
1) Bitcoin breaks up and beats our 30,500 resistance, or
2) Bitcoin drops from our triangle and retests our C&H neckline at 25,300
We are going to dig into the charts for a few more clues and I want to show you the charts that are most important for you to keep and eye on this week.
Stew
BTC/USD Multi-Timeframe & On-Chain Analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Bitcoin -> Following The PatternHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that as we are speaking, Bitcoin is approaching a quite obvious previous weekly support area which is now turned resistance exactly at the psychological $33.000 to $35.000 level.
However you can also see that weekly market structure and moving averages are massively bullish - we also just recently retested the previous Crypto cycle high from 2018 and already started the rejection towards the upside, so I simply do expect another rally on Bitcoin at the current levels.
On the daily timeframe you can see that my last video analysis, linked below, just perfectly played out, Bitcoin is also currently creating a quite obvious ascending triangle on the daily timeframe so I am now just waiting for a break and retest of the resistance at the $29.000 level before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoin Remains Below 30K: Is It a Buying Opportunity or a Trap?Bitcoin trying to breakout of 30K and goes into 31-32K.we could see a decoupling happeing between SPX and BTC.
If BTC loses 29K again then loses 26.8K we could say we are not going to 31K if not there is a slight possibility for us to reach there before a major move to the downside.
SPX at a key support level as same as NQ1
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IMPORTANT! Bitcoin Long-term Price Projection Update!I have officially decided to update our long-term price projection for Bitcoin. A major key change is the elimination of the mini-bull market. Instead we are expecting the current bull market to develop into a major bull market. There is also a very high likelihood that this will be the only bull market for the 4th cycle. In this video we partially stepped outside of The Crypto Weather Channel world to explain our reasoning behind these changes. Thanks for watching!
Bitcoin Ready For Next Big Move! Is 25K Comin Today with FOMC ? Bitcoin in a triangle pattern trying to find its next move.We could touch 29.1 to sweep the high and 26.8 to sweep the lows before our main move.
We usually get a decent to big move with FOMC but sometimes the main move happen a day after
Losing 24.8K (golden pocket) could result in a HUGE capitulation.
*** DISCLAIMER No Financial Advice ***
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Key Levels and US Market Review for the Asian session open 3/05Major Indexes in Europe and the US came under pressure as traders went risk off. New banking concerns for the US weighed on the action along with worse than expected economic data. Traders will be focused now on the FOMC rate statement to see what the Fed has to say about inflation. Expectations are that the Fed will raise rates 0.25% and potentially signal one more rise....as long as inflation data comes down further. US key employment data out Friday will also be a focus for the remainder of the week.
Expecting a weaker open for Asian markets after the selloff into the overnight session. Expecting the ASX200 to open down 35/40 points while the Hang Seng to open down 180 points.
With a resilient US economy, sticky inflation is the big issue and also a slowing economy. Traders will be eager to hear what the US Fed has to say in the FOMC statement.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
BITCOIN - GEARING UP for another ATH ⬆Hi Traders, Investors and Speculators of the Charts 📈📉
In today's analysis, I take a look at a fractal that played out on Bitcoin during March 2019 over a few months. This was the beginning of the bull cycle that led to BTC's all time high.
Fractals can be very helpful to give an idea how the price action behaves after certain trends, which is where trend lines become especially useful in conjunction with fractal strategy.
I believe there is an important balance between trend line analysis / chart analysis, and technical indicator analysis. I find that trend analysis ( trend lines , support zone and resistance zone , Fibonacci ) is really helpful for longer term, whilst technical indicators such as RSI can be very useful for the shorter term. Important to note that today's analysis is focused on longer term, in other words potentially more than 3 months.
This analysis on Bitcoin corresponds with my previous in depth analysis on BTC , which you can find here 👇 This update uses BTC .D ( bitcoin dominance) and TOTAL2 (total market cap of alts) to speculate shorter term price action for Bitcoin .
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CryptoCheck
BTC Analysis:What's Behind the Recent Drop and What to ExpectBitcoin Stopped at our pink trend line holding the bullish trend (27671).
it could bounce here to fill the FVG or it could consolidate and drop again to 24.8 on NY market open
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I have also shown a new tool.
Losing 24.8K could result in a capitulation.
Thank for watching
Bitcoin (BTC) • Range Update"are you not entertained gladiator?" - Bitcoin
Welcome to another weird range PA. Volume keep low and with new May open close to the April/Quarterly Open and 2021 Year we have a clear risk basis to attach directional bias.
As we trade under the April open we are back in bearish territory but as explained the the video (check it out) there are some orders here at 27k trying to protect the range and the biggest demand zone at 25k range across multiple exchanges.
In the video I walk through other data points that may or may not look bullish.
Make sure to watch the whole video to see where I am coming from in terms of the contextual view of current PA.
Reminder things like funding, futures and orderbooks are always changing with the market between video updates.
Hopefully with these video you get to improve your technical ability based on type of heuristics I generally choose to pay attention to on a daily basis.
BTC Bearish Sentiment Coming Back! Fake Pullback to 29K!Bitcoin bearish sentiment is coming back to the market. with sunday fake pull back to 29K and then losing it couple of hours after.
Strong bitcoin control zone at 25K which could led to 30K AFTER reaching 25k.
Losing 25K could result in a capitulation.
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Bitcoin -> Time For The Next RallyHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Bitcoin is actually approaching a quite obvious previous weekly support zone which is now turned resistance exactly at the HKEX:32 ,000 level.
However you can also see that weekly market structure is still bullish, moving averages are bullish and in my opinion we already created the bottom of the bear market, so I am now just waiting for a deeper push into the HKEX:32 ,000 resistance before I then do expect a short term rejection towards the downside.
On the daily timeframe you can see that we are back to bullish market structure on Bitcoin, we also broke above a previous daily resistance at the HKEX:29 ,000 area so I am now just waiting for a retest of this previous structure and then I do expect a next short term rally towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoin Consolidating Near 30K - Could It Hit 33K Before 25K ?Bitcoin/1H Exited bullflag with a bearish divergence
Bitcoin staying close to 30K trying to decide which way to go first.
Some signs show 31K before 25K which I talked about it
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BTC/USD Multi-Timeframe & On-Chain Analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
BTCUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The Crypto Bears are still clearly in controlTraders,
The crypto bears are still very clearly in control of our market. In this video, I recap the weekly crypto market price action and explain the case for the bears. Bulls have yet to prove themselves with a conquering of that $30k price resistance area. A retest of our neckline at 25,200 (Bitcoin) can still be expected at this point.
Stew
BTC can STILL BE BULLISH after 50% dropHi Traders, Investors and Speculators of the Charts 📈📉
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.
Before you panic, make sure you check out this idea of yesterday on Elliot Wave Theory analysis :
From the video analysis on Bitcoin, we've confirmed that the bearish cycle is over and a new wave is starting. It's not uncommon for the price to drop 50% during wave 1 of the 12345 Waves. From a macro perspective, the price will still be in an uptrend. Note that this doesn't happen in a day, or even in a week but over a coupe of weeks, sometimes even 2-3 months where it seems like BTC is not going anywhere and the weak hands are shaken up before the parabolic run which is Wave 3.
I believe Wave 2 starts when CryptoCheck START v3.5 flashes a sell:
You can swing trade the Elliot waves in wave 2, but be ready when wave 3 arrives so that you won't find yourself positionless during a parabolic run.
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Important change in the Crypto Market: Don't buy alts yet!Quick note:
I am slightly bullish, but I need to see more strength in the TPI. As of right now it's only 0.25 on BTC, where 0.2 is the threshold to go bullish.
I wouldn't swing long on a lot of trades with a lot of risk as of yet.
It is very likely we do go a bit higher, if we see shorts get liquidated: