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!
ATH
Bitcoin (Update)Bitcoin breaks the all-time high and also the $65,000 resistance. Bitcoin made a new all-time high of $67,000 and tested back the support. The support for now is $63,500 - $64,500 and after that $60,000 - $61,000 area. BTC is now in price discovery mode and we assume round figures as a psychological resistance. The next resistance is $70,000 and $75,000 levels. We will see high volatility in the coming days.
MATIC/USDT to the moonMATIC broke out of reverse head and shoulder and broke out of the trendline and retested. Currently looking bullish and we can expect a new ATH in the coming weeks or months.
This is not financial advice please DYOR. We might experience some market correction soon so please manage your risk accordingly.
A for The e-tHotA+ for the effort and a big shout out to the online "those hoes over there" that will do whatever it takes to get them and their crypto junkie digital blockchain princess hoemies back to the TOP.
let us never forget what its like to chase the dead cats up up and away from writing bad cheques.
thats right my friends, WELCOME TO THE NEW WORLD ALL TIME HIGH ORDER!
celebrations aside, please always remember CIVILIZED NON-CONSENT and SOCIAL DISOBEDIENCE is the only way to bring these new found gains to the citadel.
i love each and every one of you. but collectively, i hate you all.
<3
"when you make money, you go crazy. when i go crazy, i make money. the biggest difference between us is that you love me, and i hate you."
BTC Dominance Updated Idea: This Might Work OutRight now we are seeing a new ATH in Bitcoin. BTC might have some fuel left in its engines before a healthy retest of breakout. This would mean our chart makes the anticipated lower high and soon alts can see some relief and more increase in interest once a support has been safely hit for BTC. Stay updated in group for more. Thanks
BTCUSDT daily channel formed and price is touching resistanceAs we can see the price now is in the daily ascending channel and now is receiving channel resistance and ATH resistance both at the same time and we can expect correction and a little rest here, after that expected pump from 40k support:
Notice: possible targets for new ATH if any breakout here happened also mentioned on the chart with price label and fib levels.
DISCLAIMER: ((trade based on your own decision ))
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Bitcoin Weekly: Historically Speaking- FIXED idea: " Bitcoin Weekly: Historically Speaking "
- now includes 34EMA (Market Cipher) as mentioned in hypothesis
For this update, i've used Bitstamp's Bitcoin Weekly Chart to create my hypothesis. I've researched the weekly price chart as far back as August 15th, 2011.
Since my last posted idea, we've seen Elon Hype help boost BTC's price some. However, historically, this movement was expected.
Trigger:
-BTC W closes below 34EMA
Effect:
-50EMA is tested, price rebounds, 50EMA is tested again and fails
-if price is below the 50EMA, the 100EMA will also fail at support
-price then goes on to test the 200EMA multiple times and eventually recovers
Conclusion:
1. After BTC Weekly closes below the 34EMA, there has been a minimum of 1,000 Days+ before price reclaims previous highs
2. A rebound off the 50EMA is needed before a retest will fail sending price to the 100EMA
3. Should the 100EMA fail at support, multiple tests of the 200EMA will occur prior to a rebound in direction
Target Prices to Look For:
-$52,289 - if price closes at or above this previous high, this will be a strong confirmation BTC will go on to form newer ATHs in a month+
-$32,689 - when this price fails at support after a retest of the 50EMA, BTC W will slowly slide to the 100EMA
-$20,638 - a rebound off the 100EMA price PLUS a close above the 34EMA is needed for a recovery in price direction
The recent price action in BTC Weekly was expected. A rebound off the 50EMA could see price above for approx. 63-126 Days before retesting and ultimately failing to find support.
When this happens, BTC will then fall to the 100EMA which could act as support.
April 12th, 2021 was the last BTC ATH . Historically, there's been 1000+ Days between ATHs after this trigger i've noted. This equates to January 7th or beyond, 2024. Bitcoin's next halving is scheduled for Spring 2024.
BTC will reclaim $60K+ around August 2024 - January 2025 if the trend remains the same after the next halving.
*** 50EMA retest and fail (approx. $32,689) towards the end of September or sooner ***
As previously noted in my last idea (All Good Things...)
these indicators cannot take in account for how Elon's words may move the market.
...more of his FUD/Hype will determine if BTC will repeat history, or break it.
2021 has already proven that.
Bitcoin is about to break all time highs (Do not panic !) As you can see here in 4H timeframe perspectives bitcoin is about to break all time highs
and also its above a good trend line that has made from couple of days ago
but early optimism is likely to lead to gains although extended attempts higher are expected to fail
Preferred trade is to sell
2017 vs 2021 BULL RUN - we are still in for a move towards 230KDear all,
Prior to the big 2017 rally, a similar downtrend was seen just like we saw when the 64800 ATH was reached and retraced. We are now re-testing the previous ATH (will break soon, with some expected pullbacks). When this happened in 2017, the price rallied 715% to the peak. This would bring us in the current run towards the 230000 dollar levels.
Enjoy the ride,
Best,
Y
BTC Futures Open Interest has now broken its All-Time HighBinance BTC Futures Open Interest has now broken its All-Time High, meaning buying intentions are higher than ever and those who do not already have Bitcoin exposure yet, are merely waiting for a price ATH breakout before doing so.
⚠️Not a guarantee of when, but we’re getting near.
MOST IMPORTANT MOMENT IN BITCOIN HISTORYBOOM! I'm back with it! This ain't no joke anymore..
Keep calling me a clown..
This is TOP TIER TECHNICAL ANALYSIS.
You keep doing your Bibonaccis' and all that... But this is it..
This is why I work on Wall Street.. No other can do this analysis..
THAT RISING WEDGE IS VALID...
It will make the decision..
Game is on brothers.
Like and comment please. Make discussion.
Netflix Post Q3 Earnings Analysis$NFLX - Netflix neared a record all-time high after market close - as the largest streaming service brought in more subscribers than analysts projected in Q3. Profit also beat forecasts, while Revenue was in line with estimates.
EPS of $3.19
Sales +16.3% to $7.48 billion - anticipates another +16% gain in revenue Q4
Profit of $1.4B
Revenue of $7.5B
Netflix added +4.4M subscribers globally to total 213M - expects to increase its subscriber base by +8.5M in Q4
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