BTC Short TradeFirst of, I'd like to congratulate y'all for the new ATH on BYBIT:BTCUSD . I remember some time ago people were saying 30k BTC meant the end for crypto. Well look at where we are at now!
Now, let's continue with the short idea I have for today. First of, let me say I'll play with little money since I dont like BTC is pinning the 50 EMA showing support there. Though, I think a retrace is really likely to happen looking the previous fractals, EMA's and price action. The entry is exactly in a high volume candle (these candles usually get recovered and price is used to bounce off those points).
The Take Profit will be the 200 EMA, so pay attention, don't sleep with the trade opened! Or maybe yes, but leave an alert when price touches the 200 EMA! I hope this trade goes well for us so that we make some money :P Once again, congratulations for the new ATH on BTC!
Alltimehigh
BUY/USDT MOON INCOMING Burency Global is ready to take off now. It has bounced from support. Activity has increased, we will see more fireworks from this exchange token. See group for signal
Bitcoin is about to break all time highs (Do not panic !) As you can see here in 4H timeframe perspectives bitcoin is about to break all time highs
and also its above a good trend line that has made from couple of days ago
but early optimism is likely to lead to gains although extended attempts higher are expected to fail
Preferred trade is to sell
BTC Futures Open Interest has now broken its All-Time HighBinance BTC Futures Open Interest has now broken its All-Time High, meaning buying intentions are higher than ever and those who do not already have Bitcoin exposure yet, are merely waiting for a price ATH breakout before doing so.
⚠️Not a guarantee of when, but we’re getting near.
Will BTC break ATH today?What everyone wants to know rn
so I'm gonna take a stab at it.
I normally wouldn't, since I don't have a clear enough answer to post about it, but it's such an exciting time.
I'mma say NO
It's climbing too steep too fast.
As you can see, it's been in an ascending wedge ever since it broke out of the death cap (which I called accurately). Ascending wedges are somewhat bearish, showing signs of being over-bought. That on top of this steep climb the last week or two, it's almost asking for a dump.
If BTC does not reach an all-time high soon or without pulling back too much (under 39600 would be very bad), then it would be overall pretty bearish, possibly in for a long extended period of lower prices.
If it does manage to put in an ATH it will have to sustain it for a while, else be considered a double-top, if albeit an optimistic one.
Could we see 100k btc by the end of the year? Sure, but how it behaves over the next few days will be critical.
S&P500 trading higher, traders shall stay cautious CME_MINI:ES1!
S&P500 futures have crossed upwards over 50 days Moving Average and the trend seems to be stronger than ever. Stimulus from FED and positive tones regarding stimulus from other major central banks fulfill the market with the bullish signal. However, traders must be careful as we are getting closer to All-Time High -levels once again. The market has a lot of positive tones but bears might surprise investors any time. It is challenging to guess when the market will turn down, if signals arise, traders must be willing to change perspective and potentially take short positions. Breaking All-Time High numbers will almost for sure trigger "take-win" transactions for some traders and increase downside risk. Right now, there are no indications, so holding long positions is the best bet in my opinion.
Disclaimer: NOT AN INVESTMENT ADVICE
BITCOIN | "No Man's Land" Is Waiting For Us!Hi,
Does it really happen? Does the price of Bitcoin will do another all-time high since April?
At the moment, we are quite close to getting it. Probably the last consolidation area, before the new ATH, created a strong resistance level and currently we are above of that. WAIT FOR A 1-hour CANDLE CLOSE to confirm it! After that, you can wait for a retest if you want but there is nothing special to stop it except a fakeout ;)
Wait for a candle close and go for it!
Regards,
Vaido
🔥 What Happens When Bitcoin Makes A New All-Time-High?With Bitcoin on the verge of making a new all-time-high, I'd like to shed some light on Bitcoin's past performance after it prints a new all time high.
Below you can see all the previous all-time-high break outs of Bitcoin. It's difficult to determine the top from these charts alone, but we can see a clear pattern in time that it takes to see a +100% gain. On average, it takes 3.75 (4) weeks to see a doubling of the price after the all-time-high has been broken.
So, if we assume that the all-time-high will be broken this week, we can say that there's a decent chance for Bitcoin to go to $130k by the 21st of November.
Past Break Outs
In Feb-2013 Bitcoin saw a massive +600% move in a mere 6 weeks, +100% in 3 weeks, before seeing a strong bearish move.
After a minor period of consolidation in the markets, Bitcoin saw one more rise. A +370% move in 3 weeks, +100% in two.
After a 3-year bear market, Bitcoin finally broke out of the 2013 high in April 2017. After this break out, Bitcoin rose by almost +1500% in 35 weeks, +100% in 6 weeks.
Lastly, the December 2020 break out has led to a +225% move in 17 weeks, +100% in 4 weeks.
Moment of truth - BITCOINHello dear crypto friends!
New all-time high or bear market after all?
No idea. All I know is that all of Twitter is bullish again and influencers are summoning the moon.
Whereas the last remaining bears are looking for explanations.
So what to do?
Keep it simple!
What do we see?
Major Gann resistance for next week, price marked.
And what else is there?
Right, the 0.786 FIB level, which Bitcoin loves for corrections.
I'm not a perma-bear, I'm just saying that these two resistances should be overcome before we dream of a new ATH.
Stick to facts.
Thanks and good trades!
filusdt . weekly chart . long run fundamental : fil token is future token which has its own unique use .
technical :
chart used : 1 week . this pattern is also match in 1 day chart .
signal type : triangle pattern .
stoploss : spot buy and we are not using stoploss .
target . for long run , we are looking for ward for breaking its all time high . it will break . mostly when btc will cross 60k then the file token will also pump .
will btc pump : you can check btc chart . btc forming cup and candle pattern .
you need good patient .
ADA RETEST COMPLETEDADA retested the triangle breakout recently. If it break the resistance level of 2.392 it could reach $2.753 with a gain of 15% .
We can expect a bullish move if it break those 2 resistances.
I have a little hope that ADA could reach it's ATH because I heard some great news after the Cardano Summit 2021.
I'm not a financial advisor and I'm just sharing my idea.
Have a nice day :)
BTC/USDT (Binance) Short-Term analysis DUMP Incoming?
☝🏻 For the last 3 days, Bitcoin has taken a side-ways structure in which volatility and volume is falling again. Gradually, the price is pushing towards the accelerated trendline of all this impulse growth, and so we will soon look again at the next impulse movement. I will follow the price action in the area of the trendline and in the case of the bearish situation I will follow the short positions, but for several reasons the creation of another high fit more into my concept.
👍🏻 The first of them is a fractal structure, which is very visibly similar to the side-ways structure in the last such movement, and it was followed by an impulse breakout towards the UP. It is very likely that Bitcoin will repeat this, although the reaction may no longer be so strong and impulse. The second is the traditional fractal on Bitcoin chart - pump-> sideways -> pump-> sideways-> pump and subsequent dump at least to the zone of the higher accumulation zone, often up to the first.
✌🏻 In addition, Bitcoin is very close to a strong fibonacci level of 0.786 fibo retracement of the whole correction trend, and this is often the target after the end of the opposite cyclic movement. There would be many reasons to expect rejection and the possibility of a more developed correction. Since Bitcoin's sentiment and fundamental are quite broken and BTC ETF approval may surface every day, I will not open a short limit positions in this zone, but I will wait for a visible rejection and the creation of a wick candle from above on the 2H-4H TF.
1H chart:
BTC/USDT Relieve breakout in October. 68k next with BTC ETF?Intro:
- Bitcoin is the first of its kind as cryptocurrency and is looked at a store of value like gold, just better.
- The whole crypto market follows in some way the movements of the Bitcoin price while being much more volatile.
- SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned.
Daily chart:
- Price shows a breakout above the purple resistance line. We went pretty straight back to 48k$ and touched the local resistance line.
- Volume is on a steady decline since Mai and rather low for a breakout. This means currently there is not much resistance from sellers.
- RSI analysis shows a breakout as well and hovers above the 50 line. Even the support and resistance line of 55 was passed.
- Support lines are at 41k$ and 30k$. The ascending yellow line can act as support as well.
- Resistance lines are at 48k$, 52.5k$ and 59k$.
Expectation:
- We expect a further price appreciation during the next three months and a solid recovery into October. So far we did see a great start and are looking forward to smash the last three resistance lines before price discovery.
- Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market.
- We expect some consolidation around 48k$ before we get through and a struggle around the 60k$.
- End of the year prediction: We will see a 100k$+ Bitcoin before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Nifty Prediction for 20th Sep..Will market sustain or Fall?Nifty Prediction for 20th Sep
1.If market opens flat and slowly crosses 17700 then take CE with Strict Stoploss
2.If market Opens Gap up then Wait till 17661 retest level if it sustains there then CE will be profitable
3. If market opens gap down then
If it comes to 17661 and breaks that then wait for confirmation for up moves then take CE
If it goes to 17661 and takes Rejection then take PE
P.S. Stoploss can Save You
RELIANCE price action analysis - bullishNSE:RELIANCE did a breakout recently and made all time high. Looking at hourly timeframe it looks like it's consolidating and forming a bullish flag pattern. Volume is also contracting while the price is consolidating.
There's a gap to be filled from 2395 to 2412. It had a chance to fill it on 8th september but the price reversed from 2406. It would be interesting to see what happens next week. It might give a fake breakdown to fill the gap and then reverse strongly trapping bears. Hoping for a break from a bull flag structure with a volume influx. Happy trading!