1-BTCUSD
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.
Bitcoin - Important StructureHello Traders, welcome to today's analysis of Bitcoin.
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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.
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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.
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.
"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.
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.
🎓✨ 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 💙🎓
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.
Bitcoin - Small Long Trade In Preparation For The Big Short...In this video, I analyze the present Bitcoin price movements, indicating a potential upward shift beyond $45,000. To position myself for a short position in this market, I plan to engage in trading during the final corrective upward movement within the Wave 2 correction. The pattern at a smaller scale implies an impending upward movement, and I will utilize the starting point of this final wave as confirmation for an anticipated decline in the upcoming days. For more details on why I am choosing to short Bitcoin at the opportune moment, I've included a link to the video below.
Wave E Support: $41,580
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.
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.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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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