BTCUSD: Next BULL RUN starts! 🚀Hello my friends!
Bitcoin is on track again. I haven't posted that much in the last time. My last post was from 9 February. Since that time I have been buying the dips step by step. My last buy was at 12 May. I waited deliberately until I was writing this post. I wanted to make sure we hit the bottom. We might still have a small dip at the very maximum, but the next BULL RUN has been launched.
NOW to my chart: To evaluate the long-term bottom, its helpfull to use Bollinger Band (Timeframe 3D, Length 150, Source low and StdDev 1.618) in combination with Keltner Channel (1W, Lower Line, Length 86, Multiplier 4, ATR 172) and SMA (1W, 200). The two important indicators (BB and KC) were touched. Only the 1W-SMA200 has not yet been touched. This can still happen in the near future at a possible retest or sideways movement. But is not mandatory.
Bitcoin is on track at its steady uptrend. Our stairs to heaven! My recommendation as always: Buy the dips and hodl. 😀
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Let's see what happens.
Happy trading.
BTCINVESTING
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My Post Dec 15, 2021
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My Post Apr15, 2019 (3 years ago!): "BTC: Why will 1 Bitcoin really be worth more than USD 1 million?" I was one of the first btw. ;-)
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Bitcoindollar
Bitcoin is going to 18k!!! (Bearish Head & Shoulder pattern)I see bearish head & shoulder pattern for bitcoin. This pattern has a target of 18k.
I see also strong support at 30k so this support can hold bitcoin a bit but at the end its target is 18k.
How to calculate head & shoulder pattern target:
www.tradingsetupsreview.com
Have a nice day,
Berk.
Bitcoin On Chain Analysis Suggesting BTC Is Now In CapitulationHi dear friends, hope you are well and welcome to the new trade setup of Bitcoin ( BTC ).
Net Unrealized Profit/Loss (NUPL):
If we take a look at on-chain analysis then On-chain Bitcoin: Net Unrealized Profit/Loss (NUPL) suggests, that now we are in the capitulation phase.
Broke down the triangle:
On a 4-hr time frame, Bitcoin has formed two triangles and both were descending. The previous one was broken out but the recent one is broken down. Now the target for this breakdown can be $26400.
Big wedge:
On a weekly time frame, priceline is not closed below $28600, and the support of a big falling wedge pattern. If Bitcoin closes below $28600 and the support of wedge, then it may test the weekly 200 simple moving average.
Conclusion:
On-chain analysis is signaling that Bitcoin is going through a capitulation phase. At one side it is not because, thre can be another sell-off, but on the other hand, it can be really
good news, because after the capitulation phase another long-term bullish move can be started.
Bitcoin/USD 1M: EMA(50) and RSI(14) guide us! - LONGHi mates,
One of the most important support lines is touched: EMA50! Bollinger Band gives also support. AND: RSI shows clear signals. Pullback expected!
Indicators:
EMA (50) = Fuchsia
Bollinger Band (1D 400 StdDev 1.618) = Red
RSI (14) = White
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Much success
tbot21
the trading robot 🤖
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Bitcoin is bouncing off support and moving towards resistance.Hi Guys
The chart shows BTC vs USDT on the 8 hourly on Coinbase.
Bitcoin is bouncing off the June 2021 ATL (Green Horizontal Line), which is seemingly providing a level of support so far.
Bitcoin is about to re-enter a downward parallel channel (Red Lines) in which you can see has formed strong price points (support/resistance) with the white highlights.
Breaking this channel with strong volume would be a bullish move.
Right now we are getting a lot of side action but it will have to end at some point.
What are your thoughts guys, bullish or bearish?
Like if you agree.
Many thanks,
Casey
Disclaimer: Not professional Advice
BTCUSD Bitcoin : A weekly long-term analysis 2.5Bitcoin is pop culture.
It made a lot of people rich and a lot of people lost money.
Most people lost because of emotional trading.
Smart traders made it big.
If we look at Bitcoin from a rational technical and fundamental perspective this is what we come up with:
*Upside is still very relevant and could be much more significant than any probable downside.
*It must be traded with proper risk management and patience, while considering the worst case scenario.
Thank you so much for reading/watching!
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I hope my idea was helpful! If so, please like and follow, it would mean the world to me :D
I promise to respond to any and all comments/questions , so please don't hesitate to ask me anything.
Once again, thank you.
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LONG-TERM BITCOIN PROJECTIONHi Guys
We have possibly hit the bottom and here's an idea you may find very interesting that could predict a rough route Bitcoin could take to see new ATH's.
THE LONG ROAD AHEAD
First off the chart: KRAKEN; WEEKLY; BTC vs USDT. The red, yellow and green lines represent areas of support and resistance. The pink dotted line represents a 50% price point between the ATH and the recent low (possibly ATL for 2022). Th blue horizontal Line represents the lowest weekly close since 2021. The White lines represent a price projection.
Unless you've been living under a rock, you would of heard about the Wyckoff Approach, which outlines how massive financial machines buy up or sell off assets.
I found an interesting Reaccumulation Schematic. (See Reaccumulation Schematic 2 in the website bellow)
halotrader.medium.com
This schematic shows very similar price movements (so far) with the weekly price action of bitcoin. Not 100% of course but similar enough to compare.
I traced the exact lines onto the chart and came up with this scenario.
I'm 100% confident the exact lines will NOT be followed but COULD be a helpful guide to judge price direction.
Please Like if you agree and comment with your thoughts.
Many thanks,
Casey
DISCLAIMER: NOT PROFESSIONAL ADVICE.
BITCOIN CASH LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on BITCOIN CASH as price shifted the market strucutre from bearish into bullish, price just made the retracement back into a bullish orderblock area and for now we have clear area for 350/400$ price area.
What do you think ? Comment below..
Inside Bar Candlestick Pattern 📉📉📉📉 We will cover the following today:
Inside Bar (Inside Day)
Inside Days
📉 Inside Days are a daily pattern involving two daily candles, we have a day of trade, also known as the ‘mother candle’ and then the following day trades the whole day within the range of the previous day. This is a two-day bias suggesting a potential reversal. A great way to play these sorts of biases is to pre-empt the failure of this reversal, as well as playing the success of the inside day, so what does this look like? Let’s take a look at an example below.
What is an inside bar? The inside bar is a popular reversal/continuation candle formation that only requires two candles to present itself. This pattern is a direct play on short-term market sentiment looking to enter before the 'big moves' that may take place in the market.
📉 Is an inside bar bullish?
Imagini pentru inside bar candlestick
First, unlike other candlestick patterns, inside bars are usually not distinguished as bullish and bearish by their look or color of the body itself, but rather by the location they are at and other peripheral developments
An “inside bar” pattern is a two-bar price action trading strategy in which the inside bar is smaller and within the high to low range of the prior bar, i.e. the high is lower than the previous bar's high, and the low is higher than the previous bar's low.
📉 TRADING WITH THE INSIDE BAR CANDLESTICK PATTERN: TOP TIPS AND STRATEGIES
Some traders consider it a continuation pattern though a breakout in the opposite direction is possible too. After price has trended up (or down) for an extended period, the pause in price movement (represented by the inside bar) precedes a reversal of the trend. Therefore, the inside bar is looked at for a short-term trade (or swing trading) in the counter-trend direction with the goal of holding the trade for less than 10 bars.
However, there is another way to trade inside bars and this is rooted directly from what the candle pattern does NOT reveal. When traders see an inside bar pattern form, it is interpreted as the markets unwillingness to push price higher or lower. This can be for any number of reasons:
An extremely pertinent report is being issued soon, or
The market just made a stratospheric leap and traders are tepid about bidding price much higher or lower.
Whatever the reason, the motive is the same: seeking potential volatility in an effort to increase profitability. When there is a situation in which traders are unwilling to bid price higher or lower, it is seen as a potential situation for future increases in volatility. The inside bar candle pattern is NOT telling traders that the market is bidding price higher or lower but rather that the market is waiting before making the next big move in the asset. This means potential opportunities for traders.
What do you think ? Comment below..
Bitcoin: Holding $41.5K is a must!Hello friends, today you can review the technical analysis idea on a 1W linear scale chart for Bitcoin (BTCUSD).
BTC will need to maintain the $41.5K price area to keep the structure in place. If it wicks lower, that would be okay but a candle body close will be concerning. Keep this chart in mind near the end of the week.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Bitcoin - Market Seasonality 📉📉 What is crypto seasonality?
Crypto seasonality is the perception that Bitcoin will rise and fall over a set period of time, drastically affecting the crypto market overall.
Bitcoin (BTC) is the world’s largest cryptocurrency, as well as the first-ever one. As the first cryptocurrency, it has tons of value locked up into it at all times, and all subsequent coins, otherwise known as altcoins, are tied to it in some way.
However, Bitcoin is no stable asset. The world’s first cryptocurrency is consistently ranging in value, dropping or rising tens of thousands of dollars at any given point. Every four years, this volatility is expected to reach a peak before crashing relatively hard due to the Bitcoin halving. The Bitcoin halving is programmed into the Bitcoin blockchain. Every four years, the halving occurs, and the rewards for mining Bitcoin are cut in half, effectively ensuring less Bitcoin is coming into circulation with every block mined.
The market tends to correct after a halving, with Bitcoin’s price rising due to its more scarce nature, only to crash shortly afterward as investors cash in their newly-earned profits, and the market overcorrects as a result. While Bitcoin crashes, more investors begin worrying about their investments and may pull out to move funds into altcoins.
📉2. Is crypto seasonality good or bad?
It affects everyone. But whether it’s good or bad depends on your investment personality.
Crypto seasonality can be seen as both good and bad, depending on your perspective and investment personality. For one, newer traders might see seasonality as a good thing, as they can now invest in Bitcoin at a lower price. Long-time holders, however, might despise crypto seasonality as their Bitcoin holdings are almost guaranteed to crash every four years, forcing them to wait out the lows or reinvest their holdings into altcoins.
That said, one can almost always expect Bitcoin to rise back up due to supply and demand. While this belief is never a guarantee, the leading cryptocurrency has historically risen to higher highs after each halving so far.
📉3. How crypto seasonality affects investors
Crypto seasonality might force Bitcoin-only investors to gamble in the altcoin market.
When Bitcoin’s price crashes, investors are almost forced into the altcoin market to continue generating profits. That said, altcoins are entirely unpredictable, and a project that’s massively popular one day can crash suddenly the next.
The altcoin market is also full of scams. Rug pulls and deceptive marketing have led to investors being taken advantage of. Regulatory policies are still in the works and can negatively affect a trader's experience as they develop. Exchanges can be hacked and holdings stolen. There’s really no telling what can happen in the wild west that is the altcoin market.
Sure, there are safer ways than others. Investors can buy into established passive income methods like Uniswap’s (UNI) liquidity pools, or participate in the mining or staking process of a coin rather than simply investing in it, but there’s still an inherent risk alongside these processes.
What do you think ? Comment below..
BITCOIN MARKET SEASONALITY 📉📉📉📉 As we talked about market seasonality i will explain in this video why i look forward bitcoin bullish market seasonality.
📉 As you can see we have an intresting bullish cycle that will start exactly from the incoming month APRIL towards AUGUST we have a higher chance to see BITCOIN going higher at least this is what statistics shows to us.
What do you think ? Do you use market Seasonality ?
BITCOIN TRADES TAKE PROFIT 📉📉📉📉 Hi there my friends, i was talking to you about BITCOIN bullishnes and various fundamental reasons why i expect it to rise to 45.000$ as a first target, well our target was hit. For now i am out of every trade on BTC, i am still bullish from a fundamental context but not from a tecnhical perspective. I will wait for the price to make a retracement back into H4 imbalance + bullish orderblock that is located around 43k price area.
PLEASE REMEMBER that we are still bullish within a strong bullish market strucutre but for now its just not a DISCOUNT PRICE to LONG IT, wait / be patient and then execute.
What do you think ? Do you agree with my analysis ?
BITCOIN LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on BITCOIN as we are in a bullish market strucutre on a HTF (W1) and on the LTF (H4) the price is clearly making higher highs and higher lows with bullish BOS meaning we should go higher from there. I think we will hit 45.000 institutional figure where a lot of liquidity stays above
📉 From a fundamental perspective we are strongly bullish on this chart, market seasonality + fear/greed index + fed rate hikes and the correlation between US500 and BTC.
📉 I will attach a photo and a explanation of BITCOIN EXCHANGE RESERVE so you can understand why we are strongly bullish from a macro perspective.
What do you think ? Comment below..