Bitcoi
BTC (Y23.P1.Video4).What are the key levels ?Hi Traders,
We have reassessed our position and now looking from a bullish perspective, more so.
Is this a corrective wave for another big move to the down side or is this the bottom.
We give this without looking at ONCHAIN data, like Realised Losses shrinking and the short squeeze is on, many liquidated.
I'm sure when the LONGS are over extended, then the shorts will come in as well.
We are seeing positive sentiment, and funding rates are even when it comes to longs vs shorts.
All the best,
S.Sari
Financial Wave. BTC m15he price of BTC has reached $21450-21600. We considered this range in previous reviews as the final target of wave V. The form of movement looks complete. Preferable scenario to reduce to an intermediate target of $20,000. Fixing the price above $21,750 will change the view on BTC
Next year bounce back !! see you at 70k levels !!
I've cleared some unnecessary lines to view the chart with clarity I didn't put up any fib to avoid over clogging of data I think trendline and a pattern is okay.
so, as far as my prediction is concerned 50k level is holding and as long as the supports hodls the higher low is forming and the uptrend is still intact thus my prediction is still valid for btc to go up 70k maybe next year if it doesn't go on ranging mode.
THE Sandbox (SAND) In Accumulation Again SAND has had an amazing pump and interestingly most of the price recognition is occurring at $2.65 cents since the pump. point of control is at Aside from Decentraland (MANA) The Sandbox is the premier Metaverse with many partnerships and even celebrity social recognition. Only a $2,344,562,929 Market Cap at the time writing. I believe SAND will continue to grow throughout this month. We're still in the very beginning of the gaming and metaverse trend. Especially since the Facebook announcement. Keep SAND on your radar throughout the rest of the year. Current local support at $2.50 and keep in mind we're in price discovery phase.
Much peace, love, health, and wealth!
Bitcoin Price Analysis: October 24After recording a new all-time high on Wednesday, BTC has fallen into correction mode towards the $60K psychological support to ease out of overheated conditions. The benchmark cryptocurrency has remained in a sideways momentum between $62K and 61K for the past few days but temporarily dipped below the $60K support yesterday.
That said, we expect a return to the $60K - $59K support in the coming days before posting a rebound to the $63K to $64K area.
Meanwhile, our resistance levels are at $66,000, $67,000, and $68,000, and our key support levels are at $64,000, $63,000, and $62,000.
Total Market Capitalization: $2.51 trillion
Bitcoin Market Capitalization: $1.13 trillion
Bitcoin Dominance: 45.3%
Market Rank: #1
🔥 ADA Bull Flag Break Out: ContinuedAround a week ago, I made an analysis on ADA. Here I argued that the price just broke out of the bull flag and was most likely going to increase in the near future.
In the end, the price needed another retest of the top resistance line. The bounce occurred at the same area where another important dynamic support resides, see the semi-horizontal line.
Is ADA finally going to boom?
Happy trading!
BITCOIN IS WHERE THE COINS AT! BTCUSDPLEASE READ BELOW!
BTCUSD
During my prediction, I’ve been adding words to the chart to explain my thought process. We are currently positioned where the blue box is on the screen. The blue box is the killzone point where price will take off. The red horizontal line is the previous support level where price reversed PREVIOUSLY in the market. Which a great indication that price will reverse in the blue killzone box.. if you look closely, the momentum is starting to slow down as well.
Bitcoin - A Wyckoff Cycle Study (Update)With the resumption of the correction in the last few days, I thought it was a great time to provide an update to the previous analysis of the Wyckoff Cycle and to focus in on what appears to be Phase B of the Accumulation period.
In this daily chart in the standard scale, you can see that I have adjusted the way-points of the accumulation template to fit with the price action, but I would note, that there is no timing predictability in this, as the implication is that this is the hallmark signature of market manipulation by larger money powers working to their own schedule. With that said, you can still appreciate that the price movement is still following the guidelines of the template reasonably well.
- see www.wyckoffanalytics.com
I have added two other features to this chart since the original posting, that I summarise for your consideration below:
the Pitchfork Channel - adapted from @TradingShot, it provides an excellent guide for the previous and potentially future trading range, until there is a breakout from the channel that is;
the Symmetric Triangle - defined the trading pattern for the prior period of consolidation; and
the Ascending Wedge - conjecture on my part for a possible structure of price recovery
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At this point it appears that we must fall below $30k for the Wyckoff pattern to be respected, and if you have seen my other BTC charts, you will know that I feel that this entire correction is an Elliott Wave 3-3-5 correction and that we are in the 5th wave of that final leg down, which also forecasts that BTC must (should) drop below $30k. Looking at the Fibonacci projections of this last leg down and they have not changed, but they do offer some interesting correspondences to the lines of the Pitchfork Channel that could suggest possible timings if the low is to touch on one of the lines.
It will be interesting indeed, to watch how price moves after (if) it makes a lower low and at what level it drops to.
🔥 FTT Channel ContinuationFTT has been trading inside this channel for over a month now. With the most recent BTC sell-off, FTT fell towards the lower support of the channel. This trade is based on the idea that the channel will hold in the near future.
Obviously, this trade's success is highly correlated with Bitcoin's short term price action. In case BTC will fall further, FTT will fall through the channel. In case you are bullish on BTC, this might be a proper trade for you.
Happy trading!
Bitcoin Bulls Are Not Done! Get Ready for $60k - $66k Move But.. Bitcoin Hit $56k in real time huh? Hopefully you didn't miss this generous Val gift from Bitcoin and alts! You can feel the love Bitcoin shows when she is in the mood, the printer goes brrrraaaahhhhhh!🤣
Why do so many sound surprised?
Oh yes! the Bulls season is in and far from over just yet. I know most of us expected the opposite to happen(dump🙄)as a result of the 40k rang challenge Bitcoin bulls faced during the ending of Jan, no doubt it was a rough time but the Bitcoin bulls were capable and desperate too, they were constantly leaving behind foot prints every where on the chart (the market structure of course).
You see, Bitcoin love is too real for the banks to handle, so they labeled her SCAM, when its Feb? They got Served💸!!
It's yet another weekend, where is bitcoin going?
Let's take a closer look....
this view shows that we are already within the range of resistance(remember resistance is an area not a line)the upper trendline (sellers line) of the channel. Yes we could see some reactions from here but then the bull market structure shows that they won't let it go down that easily so they are likely to put up a good fight and if they succeed, then my white arrow pointing to $60k will get in play as they will completely destroy the sellers upper channel or if they fail😢.........Don't get emotional! my red arrow down will get in play, and we will see a pull back to $54k to $50k range but the pump will most likely continues afterwards as this will only serve as a retest of last broken resistance.
Let's now look at the candles currently formations on higher timeframe (weekly chart) for back up confirmation of what to expect during the week of next week.
Do you see the similarities in the three white soldiers formed at the beginning of each breakout since the start of this bul trend?
this simply shows me that bitcoin will see one more green bg week at least before a strong pullback occur just like in the last previous two waves after sideways breakout.
but after this Bitcoin could face a very strong pullback (this is the last move I see before the pull back dump to 20k to retest the Monthly breakout )
🔥 COMP/BTC Bullish Trend OpportunityCOMP is one of the crypto's which is been absolutely killing it in the last couple of weeks, especially the USDT pair. However, the BTC pair has been lagging behind a bit.
With today's decline there's appeared a good long opportunity on the COMP/BTC pair. As I'm seeing it, today's decline is merely some of the larger investors taking profits without interfering in the overall trend.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
Is BTC forming a huge channel? What will price do?BTC seems to be forming a huge upward channel. This is more evident on the weekly charts. If this is correct, then we are currently testing the upper bands. Will price be able to break through the channel? or will it go down?
There are two possible scenarios if a channel is true.
Scenario A - we consolidate a bit and pierce through the upper channel bands, reaching for higher highs and higher ATHs...
Scenario B - we fail to break resistance and plunge back down to the middle of the channel - reaching for the 16k zone...
Time will tell
BITCOIN - Buy after break outWhat Is a Breakout?
A breakout is a stock price moving outside a defined support or resistance level with increased volume. A breakout trader enters a long position after the stock price breaks above resistance or enters a short position after the stock breaks below support. Once the stock trades beyond the price barrier, volatility tends to increase and prices usually trend in the breakout's direction. The reason breakouts are such an important trading strategy is because these setups are the starting point for future volatility increases, large price swings and, in many circumstances, major price trends.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade