Bitcoin (BTC) - July 27hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1D Chart)
Primary Resistance: 23733.48-25389.99
Secondary resistance: 27033.35-29812.52
The July 24-26 volatility led to a move outside the 21475.02-23733.48 zone.
Therefore, the key is whether it can find support near 20573.89 and move above 21475.02.
If it goes down from 20573.89, you should check to see if it finds support in the 18719.11-199695.87 zone.
- When the Stoch RSI indicator is out of the oversold zone, you need to check where support and resistance are found.
For that to happen, it's important to be able to get support at 20573.89.
To sustain the uptrend, the price needs to rise above 21838.98 to hold the price.
The next volatility period is around August 10th.
------------------------------------------
(US 100 CFD (Nasdaq) 1D Futures Chart)
You need to make sure you can get support in the 12212.6-12932.3 section, which is an important support and resistance section.
If resistance is found at 12212.6, it is likely to move below 11728.0.
It needs to move above 12374.1 to sustain the uptrend.
------------------------------------------------------------
(BTC Dominance (BTC.D) 1D Chart)
A decline in BTC dominance is likely to lead to an uptrend in altcoins.
However, this is when the BTC price rises or goes sideways.
It can be seen that BTC is not leading the market because the price of BTC is currently falling or showing a sideways trend.
Under these market conditions, the decline in BTC dominance is likely to cause large volatility.
Considering the current position of the CCI-C indicator, I think that volatility is highly likely to occur when it falls to the 41.51-42.01 section.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
1-XBTUSD
btc 7-26 update ~ good morning,
---
this is the two ideas which stand in the way of btc going down to 13k.
>if btc flips 20,670 into resistance, it will invalidate the wxy,
>if the wxy is invalidated, there's a 66% chance btc will go down to 13k.
>33% chance it will play out the expanded flat.
( before confirming 13k, it will have to first invalidate this expanded flat).
---
13k theory 👇
---
ps. just a reminder - it is okay to be in cash.
Bitcoin (BTC) - July 26Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1W Chart)
RSI Indicator: Oversold Zone
Stoch RSI Indicator: Overbought Zone
Therefore, it is expected to show mixed results.
It is necessary to determine where support and resistance are received.
(1D chart)
Primary Resistance: Rising Channel (23722.8-25373.3)
Secondary resistance: 27054.1-29840.6
1st support: 21481.1-22471.5
Second support: 19930.6-20564.2
The key is whether it can be supported in the 21481.1-22471.5 section and rise to the first resistance section.
The next volatility period is around July 31st.
(1h chart)
** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.
You need to see support at the 21481.1-22471.5 section and see if it is moving along the uptrend line.
It can temporarily touch the 20564.2-21481.1 section and rise, so be prepared for this.
At this time, if it fails to move above 22471.5, it is likely to lead to further declines.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
---------------------------------
13k?bitcorn is accelerating rather quickly into the new moon which shall appear within 3 days.
each new moon, bitcorn dives deeper into the abyss.
each time, the bulls will say it's different,
and each and every time it leads to the same exact result.
---
in my last post, i entertained the bullish path which bitty could potentially take,
but it's moving faster than i'd like it to.
it's a lot more probable we take out the lows into the middle of august, potentially wick 13\14k before moving up for real.
that might seem like a pretty significant drop for some, but it's just another day in crypto land.
---
neither the bull nor the bear case is confirmed for now; it's currently a waiting game.
i'm 99% cash since before we even topped out, taking little trades along the way, but nothing too significant until the middle of august comes around.
---
trade safe o/
Bitcoin Analyze (Short Term, Timeframe 2H)!!!🧐Bitcoin is moving in the Leading Diagonal Pattern & PRZ (Price Reversal Zone); I expect that it will attack to Heave Resistance Zone again and then go down (it will not make a new high).
🔴Heavy Resistance Zone🔴: 24100$ to 23020$
❗️ Note ❗️: If Bitcoin can break the Heavy Resistance zone, the Scenario will change (Low possible).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
3Ok?i got to thinking this evening,
a lot of people are really bearish, myself included.
so why would the market randomly go down to feed all of these bears?
much more probable for it to go higher, to give people the idea that we have found a bottom,
then crash down to crush everyone's dreams lol.
---
this is not my primary projection, but this is gaining a lot of probability as the days go by.
---
if this does play out, i'll be looking for a back-test of 20k into august 12th,
followed by a rally into September to roughly 30k.
i do believe we'll make a new low afterwards, but it can take a few months before we see it happen.
btc 7-24 update ~ good afternooon,
----
(green path)
as of this moment, btc has put in 3 waves down.
so long as it doesn't take out the recent low of 21937.0
we can expect for a bullish continuation to around 25~26k.
----
(red path)
if price goes below 21937.0 on this next leg,
market will invalidate the move up to my original target,
and it will confirm the idea that the top has already been put in.
----
waiting for confirmation before my next move.
----
𝑝𝑠. 𝑖'𝑚 𝑠𝑡𝑖𝑙𝑙 𝑒𝑥𝑝𝑒𝑐𝑡𝑖𝑛𝑔 𝑎 𝑏𝑒𝑎𝑟𝑖𝑠𝘩 𝑝𝑖𝑣𝑜𝑡 𝑜𝑛 𝑗𝑢𝑙𝑦 𝟸𝟾𝑡𝘩.
BITCOIN - DISTRIBUTION STILL MORE LIKELYRedistribution on btc still more possoble imo. Pattern looks same like every single one before and this time can be diferent but while bear market is still on there's possobilty that we are not done yet.
If we break down I will be watching lower line as possible bottom.
RSI 60/40 strategy: no need for insanely complex indicators pt 4The 2 major issues with all trend trading systems =
1. whipsaw = or when signals fire but are immediately reversed = you could be wrong
2. A smart entry hardly ever looks like a "good entry". = you feel dumb
How to avoid:
1. trade size and stop losses = risk management = Expect whipsaw and plan for it
2. Trade size and stop losses = risk management = know how much you stand to loose; if that number makes you sick, dial you risk back about 90%.
3. but 1 & 2 are the same, you say? ... yep RISK MANAGEMENT removes both the emotional strain and the need to be right.
BTC: will the 82H EMA support hold?Since July 14th Bitcoin (BTCUSD) is gradually crawling up using the 82H EMA as a main support.
Today price has touched this support for the third time and made a small bounce up.
Every previous touch followed by the upward impulse.
This time we also could consider similar price action as a very probable scenario.
Of course breaking this support will invalidate the above scenario.
Keep an eye on this to take a reasonable trade decision.
btc 7-21 update (bull-ish projection)in my last post i discussed my bear case,
this right here is the "bull-ish" case.
bull-ish, because the upward move will be straight chop.
alts will perform very well in this environment though, so that's a bonus 💰
---
for this particular scenario to play out,
after rejecting 25~26k within the next 7 days, bitcoin will have to see a controlled move down into august which comes down in 3 waves.
it cannot go deeper than 50% of the recent move up from 17k.
>if structure is held until the middle of next month, we can anticipate higher prices into the months ahead into the mid 30k range.
>if price gets rejected in the projected zone, we can look for a decline to about 6k - where a long term bottom will be created.
>halving in 2024 will initiate the next bullish cycle, and bitcorn will go into the hundreds of thousands.
---
both of these scenarios are possible, and we won't know which one is at play until price action confirms it.
patience is 🔑.
---
ps. i continue hanging out in cash for the time being until more confirmation is given.
btc 7-21 update (bearish projection)good evening,
thought i'd go ahead and share my two primary cases, to catch everyone up with my thoughts.
---
this right here is my primary projection for bitcoin.
it implies that a local top will be created within the next 7 days, followed by a sharp move down into august \ september.
>downside target on this particular projection is between 13~14k.
>once this downside target is in, i think bitcoin can see a significant squeeze up into the 40k region, (maybe even higher)
>followed by one more bear phase, which bottoms out between 10~6k in late 2023.
>halving in 2024 will send bitcoin into the hundreds of thousands; i'm very bullish long term. quite neutral until a bottom is in just swinging all these bear moves in the mid-term.
---
(view next post for the bullish projection)
BITCOIN (BTCUSD): Classic Bullish Continuation ₿
Bitcoin broke and closed above a solid daily supply area.
We see a positive bullish reaction to the broken structure on its retest.
I believe that the market will keep growing now.
Goal for buyers - 25200
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
the time has come.the time has come for me to pull the trigger on a short.
---
majority of the market has finally flipped bullish (as recently predicted).
when they were bearish, i got bullish,
and when they get bullish - i get bearish.
ez
--
24.3~24.6k is the window of opportunity.
not entirely sure how low we're going go just yet, but i will know after seeing what the pull back looks like.
-
~not financial advice, don't follow my footsteps.
btc 7-11 update ~good morning ☀
bitty feels pretty heavy. it is highly probable that this current move is coming down in 5 waves.
it would make the most sense as well.
flushing out all the late longs into the full moon (2 days from now).
---
i'm eyeing that lower 19k range for a local bottom, but it's subject to go lower if the cpi data comes back worse than expected.
upside target is still at 24k, and i do believe we get there by july 30th.
after which, 12k.
Bitcoin Analyze (Counting Waves /Timeframe 15min)!!! (Update)Bitcoin is making Double Zigzag Correction for completing the Point E of Expanding Triangle. Also, Bitcoin wants to make a similar movement these days.
I am expecting that bitcoin can not break the Heavy Resistance Zone according to Technical & Fundamental analysis (DXY is bullish, the Stock market is on the correction, the Cryptocurrency market is still in the shock of LUNA, and War is still running (unfortunately), Covid is growing up again, etc.).
🟢Support Zone🟢: 18980$ to 17620$
🔴Heavy Resistance Zone🔴: 24100$ to 22500$
If you want to look at Expanding Triangle 👇
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
btc 7-19 update ~good morning o/
---
not much to update, but i figured i'd give you an update on my thoughts.
----
spx500 still has a lot of room to run,
dxy (us dollar) still has a bit more downside before the next leg up
which means btc could technically see an expansion.
----
expansion targets = 24~27k
how high it goes will rely heavy on the us markets.
ETHEREUM - SHORT TERM SCENARIO + RANGE PROPOSALEthereum bounced nicely while eth/btc retested downward line of one-year channel which was broke down in May.
Everything points out that we are going towards huge resistance at 1740 usd.
I would rather see retest of 1424 usd area which is very imo very important.
If we success then imo we will tap prices at range high of our huge accumulation range.
I still think its a rilief rally and we will go lower.
Area of 1240 usd seems to be tapped as nice mid range area so our bottom should be around 750 usd.
btc 7-18 update ~good morning my peoples o/
first off, i'd just like to say,
if you caught that long - you da man.
secondly, i moved 100% to cash about 2 hours ago.
thirdly, my upside target was hit from last nights post:
check it out if you haven't:
(if you watched my video update yesterday, you knew about this short squeeze, and you knew exactly how high it was going to go).
-----
let's talk about the data.
as of me writing this, there was a massive long position opened near the absolute top of this move,
you know how it goes.
fomoers fomo,
then get liquidated -> creating a downward spiral.
- open interest is sky rocketing into this push up (bearish).
- got these 8H dots showing up, signaling significant bearish divergence behind the scenes;
here was the last few times this signal has appeared.
you can be the judge of this picture:
- daily hidden bearish divergence, which is quite prevalent as of now.
it can get over exaggerated, as price pushes into the extremes.
invalidation of the hidden bear sits at 32k - that is also the level of my bearish invalidation.
- we are approaching the daily ichimoku cloud, which has posed as significant resistance in the past.
- most of the shorts have been liquidated, but there are a few stragglers remaining.
- risk is to the downside for mm, but they could prolong this bull trap awhile longer to get as much liquidity as possible on the way down.
-----
overall, my bias has shifted as of this moment - i do wholeheartedly believe we will see new lows.
the move down will be far more aggressive than the last one, and it's going to come unexpectedly - like a category 5 hurricane.
july 28~30th is the only window you need to know about
that is when the market theoretically will pivot, and can take everything from everyone who does not know.
-----
ps. this move can easily get over-extended to around 25~26k - that would be the absolute extreme.
-----
shared on 7-11 (same upside target for now)