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[10/05] Beast Trading _ Today's NASDAQ & BTC Analysis Beast Trading _ Today's NASDAQ & BTC Analysis Bitcoin has suddenly shown a strong rise since yesterday and has been rising without adjustment. NASDAQ has also been rising tremendously steeply with a strong rebound since it hit a new low, and today I'm briefing you on the NASDAQ. This is the NASDAQ 4-hour chart. After being supported twice in the upward trend line that has been formed since June 17, the upward trend line has been broken, changed to the resistance line, received two resistances, and is still acting as the resistance line. Since renewing the previous low, which was an important position, it has risen sharply, raising it by nearly 750 points, and the upward trend is still strong. On the stochastic auxiliary index, the 4-hour (set value 533) index is slightly bent downward from the high point. On the surface, it means that there is a high probability of adjustment. Overall, the global economy is in a very negative situation, but so many people are looking at a decline that seems to be giving rise that people don't expect. In the case of Bitcoin, the downward trend that has continued for more than 300 days since the reporting point (69k) has been broken yesterday. It depends on the analysis, but I think we need to be a little careful because the long-term decline has broken through. If the bottom line of the DXY (dollar index) parallel channel is broken, the probability that the stock market will continue to rise is up If supported at the bottom line and the dollar index rises again, the stock market will fall It feels like the difficulty of the market itself has increased a lot. I hope everyone responds wisely in difficult situations and makes a profit. :)
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by BeastTrading_Sehyun
BITCOIN Can the Halvings time the Bottom?Those who follow our channels for long know that we are supporters of Halving approaches. Today we bring you such an approach that we've done in the past only this time is on its simplest version as we focus on one thing: purely Bitcoin's (BTCUSD) bottom. As you see, we have drawn all past three Halvings plus the next one (around March 2024) and plotted on them the Fibonacci Time Zones. The time-frame is on the weekly (1W). There is no need to overextend the analysis so I will be as concise as possible. The bottom on each of the past two Cycles has been around the 0.618 Fibonacci level (green vertical line). On the current Halving Cycle, the 0.618 Fib was on the week of September 19. That exact day and Sep 21 were the lowest levels for Bitcoin since the June 18 Low. If history repeats itself, then we should see a steady recovery, still within accumulation limits, and bullish break-out by early next year. For comparison purposes I display the price action of the past two Cycles from the 0.618 Fib to the next Halving and plot it on today's until Halving 4. They do diverge as they traded on different fundamentals (Feb - April 2019 were on the Libra news) but they both reveal that a break above the 1W MA50 (blue trend-line) would be the bullish break-out signal buyers look for. So do you think that this Halving approach can time the bottom? If not where do you expect the bottom to be at? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
12
Bitcoin: 18.5K Break Scenario.Bitcoin price action has produced numerous buy and sell signals that go nowhere. How best to interpret this? Objective answers come from price structure and context which I will explain in this article. Most importantly. In these situations, RISK must be accounted for on both sides of the market. Bitcoin is consolidating between the 20,500 resistance and 18,500 support. All of the price action between these levels is nothing but random NOISE. If you are considering swing trades, it is more effective to focus on the consolidation levels and the RISK. Having an opinion, trying to “figure out” the next move, or listening to others (especially those with very dramatic emotional appeals) can be very costly in this situation. Let’s now consider the risk. When prices consolidate, often volume is increasing on both sides over time. Meaning more and more participants are getting both long and short for countless reasons. When the market breaks one way or the other, half of this population will be wrong and forced out of their positions which is what often culminates into a dramatic break followed by price momentum. No matter what side you take, you need to be very aware of what “wrong” looks like to minimize getting caught on the wrong side of this. The scenarios here are simple, how you manage them is not. IF 20,500 is cleared and price closes above it, a short squeeze to the 22K to 24K resistance becomes more likely. If you are taking the bullish break out long in anticipation of the squeeze, 18,500 becomes your point of reference for risk. Keep in mind the long scenario, while it is possible, it is still NOT favored by the broader price structure or economic context. This means profit expectations should be LOWER. There is not enough evidence to call this the bottom of Bitcoin. 17K and 14K are still within range. IF 18,500 breaks, (which is FAVORED by structure and context), the bearish momentum should follow through quickly (like the next candle or two). Price targets are the low 17Ks and possibly 14Ks. Risk can be defined from the 20,500 level in this scenario. With the S&P sitting on lows and potential catalysts like NFP on the horizon, it is within reason to be more aggressive on this side. As I remind my followers often, the skill in this game is not “being good at charts”, it is being able to recognize when you are wrong and adjusting to risk quickly and confidently. “Thinking” will only lure you into the herd mentality. This game requires a passive mindset, which requires that you LISTEN to the market. Embracing the random nature of the market should prevent you from operating with any opinions. Thank you for considering my analysis and perspective. I hope you find it helpful.
EIGHTCAP:BTCUSD
by MarcPMarkets
36
BITCOIN and VIX. Buy/ Sell signals based on the Volatility IndexThis two chart layout depicts Bitcoin (BTCUSD) at the top and the Volatility Index (VIX) at the bottom. A rather simple correlation analysis between the two assets. As you can immediately realize, VIX can give buy signals on BTC (green circles) when the price is High and sell signals (red circles) when it is low. More specifically we see a clear Higher Lows trend-line and Resistance Zone on VIX. Since Bitcoin's November 2021 market High, every time VIX hit the Higher Lows trend-line, BTC started falling (some days variance), while every time it hit the Resistance Zone, BTC started rising (though rises are rather limited in strength during Bear Cycles). In total we've had 11 such signals since Nov 2021, and only one failed to deliver (May 02 2022). Yesterday VIX gor rejected just below its Resistance Zone and posted a very strong red 1D candle. It remains to be seen if this very strong correlation will continue to hold and provide another excellent signal, at least on the short-term. What do you think? Do you agree with this finding? Will the VIX rejection, indicating lower upcoming volatility, cause a rise on Bitcoin? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
12