What's worse: The Federal Reserve or the Niagara Falls?🍁🌈
Niagara falls happened the minute we lost the key levels. . good news is that we are finally close to support again...the area close to 2017 ATHs and also 19700 technical support
Usually after the falls we have a 'lake' but hey, this is Bitcoin:
Can it rebound now? a bit
Can it rebound tonight? Yes, if rates are not increased by 0,75% but only 0,50%
Can it break lower? it can go to 12k but personally i don't expect anything less than 18k.
Tonight could be a great dip to buy..unless Powel decides to go extreme.
In the video we give you prime education about rates and you should watch it.
One Love,
the FXPROFESSOR
we could see a nice rainbow later today
Bitcoin-btcusd
Bitcoin $20,000? Almost there. Only Mar 2020 matches this biasTraders,
First off, congrats to all those who have shorted this market! You've done well. This is a market only for the most experienced amongst us to trade! And even then, it is extremely difficult. I am admittedly not good in a bear market which is partly why I have put everything on pause at the moment. I am mostly in cash with the exception of my long-term holdings which are at least earning me some good APY.
Today we are going to zoom out a bit and look mainly at the charts from the weekly perspective. They may be telling us more about what's to come.
-Stew
BITCOIN NEXT MOVES ANTICIPATIONHello traders, I have made this video to explain how trades can enter or manage their bitcoin trades in the coming week. I am anticipating price to rise to levels of 32k within a consolidation channel or to 45k if at all we have it break above the consolidation channel as I have illustrated in the video.
Please Purdon the background noise!
Kindly share this post, subscribe to my channel, like and any comment will be appreciated.
let us discuss, please tag similar posts and lets discuss them. Thanks
Urgent Bitcoin Update! Be aware of the following indicators!Guys,
I took the time to put out a special update this morning because of this! Please pay attention to what our charts are showing. I am not attempting to persuade you to any particular bias or sentiment. I simply want you to be aware of what I am seeing on the charts so that your can trade accordingly. Let's take a peek.
- Stew
35k BTC in June? The Bullish and Bearish argumentsBYBIT:BTCUSD
Can we see Bitcoin reach $35000 in June?
Or are we going to break down at the current levels?
There are arguments for both sides:
Delta is looking positive and we have reclaimed a previous Lower high. If we reclaim the Lower high at $32300, we could see this as a sign of strength.
Volume is decreasing while price is increasing. This could signal a reversal.
BTC has broken out of the $30500 resistance area and is looking to reclaim the Value Area High for the range, but TPO and Imbalance charts might be showing us what is ahead.
Have a look at the video for an in depth analysis of Bitcoin.
Not financial advice, DYOR. Papertrade before using real money.
If you liked this idea, please give a thumbs up and follow.
Safe trading.
Shawn
ARIASWAVE MARKET UPDATE - Reversal to the Upside is Taking PlaceIn this video I go over some key pieces of information that I am getting from the waves for the long term.
Every now and then I jump forward a few steps as this helps me get a sense of what could lie ahead for these markets.
Using every clue I can possible get out of the waves it appears as though these markets will experience big moves in the future.
For now we will focus on seeing a final move up in order to increase our capital in order to prepare for what is ahead.
There is no point knowing what will happen next if you don't know what comes after that or least have any kind of clue.
ARIASWAVE is all about understanding the potential movements ahead.
Regardless of what happens I truly believe we live in very interesting times.
I also believe that anyone that makes the right decisions from now on can set themselves up for future success.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
BITCOIN FINALLY RISES - 31k to 34K, Or HigherWhen it comes to Bitcoin the answer should always be: 'Eventually Higher'
We had expected a Green weekend but the Pump didn't happen until earlier this morning.
US Markets are closed today for Memorial Day and Nasdaq futures are rising.. good news since we can't have any major surprises today!
31,200 is the first resistance and 34,000 the Big One.
We go step by step with you, here.
One Love,
the FXPROFESSOR
BTCUSD are we close to seeing some direction? Hello TradingView community, today’s video update focuses on BTCUSD as price remains fixed in a pennant consolidation pattern.
With the Medium-term trend and possibly the longer-term trend lower, you could lean toward this being a potential continuation pattern, but as noted in the video, we defiantly think it’s essential to wait for a clear breakout before thinking about picking a direction.
Short term Support 29,000
Short term Resistance 30,300
This pattern can also be seen on ETHUSD as well, and we’re also keeping an eye on that coin as well.
Good trading.
Here's what we should be watching this week for Bitcoin.Traders,
I want to go over a few items that should remain on our watchlist this week and where the indicators are leading me. I will also give an update on how Stewdamus 2.0 is coming along.
-Stew
FED Events 🏛
🇺🇸U.S. ECONOMIC DATA THIS WEEK:
*MANUFACTURING PMI (TUES.)
*SERVICES PMI (TUES.)
*NEW HOME SALES (TUES.)
*DURABLE GOODS ORDERS (WED.)
*FED FOMC MINUTES (WED.)
*Q1 GDP - 2ND READING (THURS.)
*JOBLESS CLAIMS (THURS.)
*PENDING HOME SALES (THURS.)
*CORE PCE PRICE INDEX (FRI.)
Will this bear flag on the Bitcoin chart play out?Traders,
We're going to talk about this bear flag on Bitcoin. Will it play out or have we reached a bottom. 29k continues to hold us for support and that is good. The dollar looks like it's coming down a bit. Vix sideways. And let's take another peak at our new data point, the Nasdaq 100 above the 200 day moving average.
-Stew
Elliott Wave:BTC support can be near, but you need higher stocksHi traders,
In today's video I will look at bitcoin in detail and the latest price action and levels that can be very interesting for a potential support. Of course, cryptocurrencies cannot turn up so easily if stocks are moving down. So it's important to keep an eye on risk-off/risk-on flows and what the FED policy decisions regarding the interest rates.
I hope you will enjoy the video. Please share, comment, or like the video, and I will do more of them in the future.
Grega
BITCOIN vs ALTS (the 2 rounds of Slow Death)May: Bitcoin going sideways but ALTS taking a serious beating.
April: BTC Dominance was going sideways but ALTS were taking the first beating:
So, i guess we were right trying to emphasize on Bitcoin and hedge with short positions on some altcoins (while still trying to buy others on support).
I think a good previous idea/post to read is this one:
What will we do next?
Exactly what we have been doing: Long BTC on support, hedge with short positions on some Alts under resistances as well as short on indices to hedge.
One Love,
the FXPROFESSOR
YOU HAD BEEN WARNED:
Mar 25:
'''Hi everyone,
time to take a look at Bitcoin Dominance which could fly sooner or later.
We explain both scenarios on this video and you should pay attention as well.
Altcoins might be more exciting because they could x10 or even x100 (or even x1000, yes) but Bitcoin is the safe haven....
Our Bitcoin Dominance chart shows Volatility and possible breakout is inbound... '''
BITCOIN - Live Update and what to expect Next (+CPI tomorrow)Bitcoin has ended up going sideways today as expected:
The price has lost a Key level (38300) which was the lower end of an ascending channel. This is now a HUGE resistance that most likely will take time to overcome and break back over (not to mention that the 40k is just above it..difficult right now).
Today the rejection at 32300 was eminent and we do expect the 30k mark being tested again (or twice most likely).
If that level is lost then the 28k is a huge support to have in mind for potentially life changing Buying orders (yes..exactly as you hear it).
CPI TOMORROW:
Inflation data will be released tomorrow and the number is expected to be HOT for the economy as years of loose policies, the pandemic and most recently Ukraine have added fuel to the fire (expensive fuel).
The rate hikes are meant to help the situation but that will take time.. and might even require a recession...
Bitcoin can shine because of it's deflationary aspect; a well thought element that Satoshi added to the perfect mix; the Bitcoin code.
What to expect:
- a test of 30k until tomorrow
- a spike tomorrow during CPI data release
- a rejection at 32600 or 33800
- a few days or weeks of sideways movement between 28 and 38k (not a small range)
One Love,
the FXPROFESSOR
BITCOIN- Finally some Serious SupportOur updated Bitcoin chart is (finally) some good news:
The support level we had calculated at the end of the ascending channel did work and Bitcoin is attempting a rebound as we speak:
Things to look out for:
-most ALTs still look bad.. charts will follow
-we need to see how the markets behave this Monday
- May 9th might be volatile when the Russian parade takes place.. we wish for the 'least worse' scenarios and a de-escalation in the horizon. The contrary it's scary, for everyone and everything.
Hope you all had/are having a nice weekend.
Being happy and healthy is the Best asset!
One Love,
the FXPROFESSOR
Ps. a very serious friend who is not involved with Bitcoin said he would buy if he gets it at 28k... that really made me think :m I do not believe we will see it there but it if would had happened i would guess there would be a TON of new Buyers. What do you think?
BITCOIN (BTCUSD): Important Decision Ahead! Your Plan: ₿
Important update for bitcoin.
In this video, we will discuss daily/intraday time frames,
price action, structure and key levels.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
BITCOIN - Time for 45k?Bitcoin got rejected yesterday at the top of the ascending channel, exactly as redicted but the price is forming a Bullish flag and a new, third test could be inbound.
Will BTC price be able to breach over and flirt with the 45k? Very likely YES! We estimate a good 65% of that happening.
Stick around for what is expected to be a very interesting day. We will follow the chart and keep you posted.
ps. Some Good news: Australia’s First Bitcoin ETF to Be Listed Next Week :
One Love,
the FXPROFESSOR