Bitcoin Targeting 35k Zone For A Higher Low When looking at the chart above you can see Bitcoin has now broken through the previous support and turned it into resistance, shown as the yellow line. The RSI has made a lower high which shows bearish divergence. We can expect another 10% - 14% drop for an attempt at a higher low. If we manage to create a higher low. Let's watch these zones and remember 32.9k is the level we need to stay above or it can get very bearish.
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Bearmarket
We have huge falling wadge on the daily BTC chart!!Everybody is now looking at the ascending channel on the weekly and i also saw it but at 34k (you can look at my profile).
Now everybody on YouTube is talking about it and that is why i think that we are going to break it to the downside to make them even more bearish.
So i think we are going to low 30k levels even maybe slightly below.
This huge falling wadge has already multiple touch points on the upside and downside.
We have one small fake out and after that 2 times we findet a support on the bottom line, however on the weekly we dont have this fake out because we closed above it.
As we all know at that levels we have massive support and i dont think is going to be broken.
Another indication of the revrsal at that level, is the RSI on the weekly, because is most likely going to be at 30, whith has heppened only 2 times at the bear market low in 2015 and bear market low in 2018.
What do you think about this falling wadge?
Feel free to leave a comment.
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BTC TO THE MOON!
Bitcoin and rate hikes. A short term analysis of cryptoBINANCE:BTCUSD
I'm expecting bitcoin to go down more in the coming days before the rate hikes. The market had a strong reaction on the announcement of the promised rate hikes after the crazy inflation. I think we've seen the worst of it and I'm expecting the market to recover after the hikes because there is no bad stuff happening in the future anymore. The announcement of an event has in many cases a stronger effect then the actual event happening. Obviously if the rate hikes are higher then expected we could see the markets dropping lower. Personally I'm acquiring more bitcoin in the "Buy Zone" on my chart if we don't see any new negative or positive information that could have an effect on the price of the markets. Obviously do your own research don't copy people of the internet.
#Bitcoin Following 2018 Pattern (Start of Bear Market?)Hi everyone,
Thank you for considering reading my idea.
This is the 4 hourly chart of Bitcoin during March 2018-July 2018 and today. Looks like we are currently in the green circle below the 50 week moving average (yellow line). We have been waiting what's going to happen if we reach the 50 week moving average again. See related ideas below why.
Thank you for reading my idea. Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
Case for a Bear MarketThis is strictly reading the chart, and it looks like a possible bear scenario/recession could be on the horizon. Using the same bear market pattern from 2000 but scaled correctly for current price action it looks like we could finally see a retest of previous highs from 2020 and consolidate/digest the past few years of over spending by the fed. If its a typical bear market of 1-2 years that would set us up for the bottom sometime in early 2024 just in time for the next presidential election, which will likely be a campaign talking point. Lets see what happens!
Btc seems bearish to meI feel like what we are seeing now is a bull trap. There is clearly bearish divergence since we made the last all time high. Usually crypto bear markets don't go straight down. Normally the bottom of a bitcoin bear market is around 500 to 550 days before halving. So that would made us bottom somewhere end september this year.
We got rejected from Head and shoulders pattern on BTCIf you are a Bear there is some good news for you because we just got retest on H&S pattern and we got rejected.
This is in my opinion not likely to play out, because we have so much support uder 35k but as we know crypto is unpredictable.
If we do get this opportunit to buy below 20k i am going to be so happy as we know that BTC is future and is hier to stay, on the other hand if we go up and break this ascending channel on the weekly my portfolio is going to be even happier.
What do you think about this H&S pattern?
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
The Bigger Picture on the US100 Hey guys, If you have seen my most recent posts you wont be surprise to see I'm bearish on the markets and have been for some time. With market valuations out of whack, Ungodly like debt in Government, cooperate, and leverage used by traders, 40% of all the US currency printed in 2020-2021 but production at an all time low causing inflation we haven't seen since the 80s and i feel will get even worse and lastly The Fed having to stop its purchases and tighten policy with interest rate hiking probably faster then the market was pricing in. This is a giant bubble with some gaint problems they will send it falling at least in my estimate 40% but trend is even further at 57%. Obviously I dont think it will sink like a rock there and we will have some rebounds but as the fed keeps tightening and i think its safe to assume funds and firms will go bust they will send it back down further and further. Although this is gloomy I don't think its financial collapse, once inflation is taking care of and the excesses of finance have been washed away they market will be set for another massive decade long bull market with growth prospects for the world coming from India, Australia, Mexico and all over Africa.
My plan for this year and next is to watch the FED on interest rate hikes and statements and also inflation numbers, Watch Silver/gold this usually head south first and recover first and when the market starts the recover gold/silver will skyrocket to the moon. and Watch debt levels for both Governments and cooperate, Picking company that have low debt levels now that can take the opportunity that will come will massively improve your longer term portfolios.
keep up to date with my trades by following and liking the post.
6% Decline could be on its way
Hey guys, following up with my last few post I have exited the position I outlined last as I didn't want to hold it during the CPI announcement and it hit the .5 on the Fib and broke the uptrend line. New position entered after the market has reacted to the inflation news and we face the definite reality of the Fed tapering harder then first expected. My first target is a 6% fall to the yellow support line as on the daily it has many touches early in 2021 and most recently as seen in 2022 where it stopped the first fall. I'm using Citi Mini warrents so risk to reward make it.
But I want to stress this is just one leg of a decline/bear market/ crash in motion and has been for the past 2 months. As soon as we broke the channel we had been in for two years we should know it wasn't going to go any higher then that and on my next post I outline the bigger move overall. But the main theme is to watch the VIX as it has held trend and Silver which is returning to my support line and if broken we are looking at a much bigger leg down then 6% on the US100, more likely to fall 17% to the next major support line.
First trade up was
30% gain
Target for second trade down is
60% gain
$TSLA — Gap Fill Role Reversal ResistanceTesla has been sitting under a very strong role reversal gap fill resistance area for quite some time now.
We keep seeing this negative divergence between price action and volume as well.
I think the likelihood of a breakout above the area is slim because of my views on the broader market.
Options traders should give themselves time with this one and roll your stops down as the market slips.
Nobody is talking about the 800,000 vehicles they have to recall...
I don't want my idea to get flagged so just google "CNN 800,000 TESLA CARS RECALLED"
BTC ON THE WEEKLY RISING WADGE VS RISING CHANNELBack in october i drew this rising wadge and i completely forgot about it.Since than we got our third touch point and big bounce from it on the fourth of december.This rising wadge goes back from 2017 Bull-run and has multiple touch points on the upside and 3 touch points on the downside.
But we also have this rising channel and 3 perfect touch points on the downside and 2 on the upside becouse of that i got in long position at 33k.
What to do if we get rejected from the rising wadge? The answer is simple,i am going out from my long position and wait for rsi on the weekly to go slightly below 30 whith has idicated bear market low back in 2015 and 2018.However if we break back in i think flying to the moon is very likely to happen.
What do you think about my opinion?
If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
BTCUSD Market in Fibonacci (pullback to neckline accomplished)BTCUSD Price Action
PULLBACK to Head & Shoulder's
neckline accomplished.
Real correction expected.
Lower low expected.
Fisher Transform oscillator's confluences/divergences
in Fibonacci ratios time frames (daily candlesticks)
Technical Analysis
- ATH-2ndTop'swing = 100% Fibonacci;
- 2ndTop-3thTop'swing = 88.6% Fibonacci;
- strong divergence till 10 Nov ’21 ATH;
- Fisher crossing near
Ehler's Smoothed Stochastic's
same overbought condition
of All-Time-High with clear crossing near
*Weekly bearish wave expected
Too close to bottom !! - ETH/USDTThe reversal we had seen it's not a strong reversal in my opinion, I have two reasons to prove :
1) The volume : It's not high enough to break that resistance
2) The reversal candlestick pattern formed at $2152 is not a strong indication for trend reversal .... cause the formation is not sufficient to say it as bullish piercing pattern nor morning star and more over you can call it as hammer but it's not formed at the lowest low to consider it as strong bullish reversal and I can validate it only iff high volume comes into play.
As of now bulls unable to hold it slowly the momentum is changing towards bears, it's not perfect bottom to be called out...i once again need to validate this
To validate this i consider two scenarios :
1) if high volume comes into play there is chance of flipping the resistance to support which will be a good indication that bulls are taking lead
2) Even if it comes down.....if it responds to it's previous low support and bounce with high volume
As of now $1738 is likely to be the next support and also crucial one which also may be the bottom......All we want is high volume.