Get started

Bitcoinforecast

4 Ways to Trade Bitcoin!Hello my small TV community! Today I've prepared a chart where I will be showing you my approach to current Bitcoin price action and how I usually trade. I love to trade ranges as I have a lot success with them, not only with Crypto assets. Usually I am not opened to all four trades, (usually I just follow the trend, when the overall trend is uptrend I just look for buy opportunities) but this time it's different. Why it's different? Because Bitcoin is saying that the overall daily trend is a downtrend, meanwhile the overall weekly trend is an uptrend so I am opened to all of these four trades! Mixed signals. I only look to buy or sell at the edges of the range, I never enter a trade in the middle of the range. I wait for a better opportunity, rather than taking a bad one. (Even if it would lead to a profit!) Which one is your favorite, or which one will you be taking? Let me know.
Education
by TiborVrbovsky
3
How to Catch a Falling Bitcoin KnifeAnother Ultra Long Term chart ( I hate doing short term trades !) Here is a VERY IMPORTANT quote from Jason Shapiro from the book “Unknown Market Wizards” by Jack Schwager: " Everyone understands that the market is a discounting mechanism. What people don't understand is that the discounting mechanism is not the price, it is participation. Its not that the price has gone from 50 to 100 and thus the bullish fundamentals are discounted. Its about everyone is long and hence bullish fundamentals are discounted. An example: when amazon stock was about 700-800 everyone said it was ridiculous, calling it a bubble. It was clear though that most people didn't own it else they would not call it a bubble. The stock is now trading above 2300 based solely on participation." So here is a take on participation (measured using VPVR) over two BTC bull runs (signaled in the chart with a 50-100 MA cross) : A: Participants who think halving is bullish accumulate thinking (rightly so far) doing so will be a low risk trade. B: Participants add on to existing positions on bullish confirmation that halving has caused a price rise, long term bears with a functioning pre-frontal cortex jump in. C: Participants who bought the top in the previous cycle try to get rid of their trauma seeing that price is back at their buy price. Buyers buy their bags. People who are hyper intelligent rationalize that previous top should be the new resistance sell. Too smart they are. The real resistance was Price level B. D: Participants who think they will buy BTC when it crashes below previous ATH, fomo at these levels after BTC has a near vertical rally, offering no point of entry. Some folks who sold at C buy back again, continuing to rationalize that at least they averted a “potential” bearish scenario. E: WELCOME NOOBIES People who do not have the stomach of bearing pain for long term gain, sell at break-even OR at a loss. So two patterns emerge: 1. BUY > price goes down (trauma) > price goes up (hope) > SELL (relief) , OR 2. BUY > price goes up (euphoria) > price goes down (shock) > SELL (relief) Next bear market bottom: Placing some bids around D and E to catch a falling knife seems to be a good idea. Average in of course coz you never know if price will actually reach D and E. Participants change over time. And as you I show in my display picture: No Pain, No Lambo😊
COINBASE:BTCUSDEducation
by brotoshee
4
Bitcoin 57k-53k Sell BreakdownBitcoin 57k-53k Sell Breakdown In this video I go over my personal overview on the move BTC made from around 57125-53300. The video is broken down into 2 parts! First me showing my full markup of everything pieced together. The second half is a breakdown from scratch of how I put the pieces together. Market structure was a little bit shaky as the buyers are trying to hold control but the story is able to be identified from the 4HR TF and below. Especially on the 15min price action gave all the answers to the test to see the sell. Patience is key and always pays. I utilize the Fibonacci and Elliot Wave Sequences to provide a different perspective on the sell. Giving more confirmations to follow the price action. Market structure is King & Price Action is Queen . As always THANK YOU and if you found this video helpful, please let me know by hitting that like button and/or leaving me a comment below. Also, feel free to share your opinion on this setup or other setups that you have. The more ideas we can generate together, the more informative these ideas become for newer traders. STAY BLESSED! ~T$
BITSTAMP:BTCUSDEducation
by OkayTrev
Bitcoin: how to always trade cryptos with the trend by your sideAs we all know, cryptos are one of the most volatile assets out there (e.g. Einsteinium). To avoid trading against the general trend, or even trading when I shouldn't (overtrading), I use the Choppiness Indicator. The Choppiness Indicator is a directionless indicator, so it doesn't go up or down regarding price action. Nor it predicts future movements. You read it the same way for uptrends and downtrends. It ranges from 0-100, the lower the number, the higher the trend & momentum (volatility). When it's above 61.8: Market is moving sideways. When it's below 45: Market is trending in the same direction of the general trend. When it's below 38.2: Market is entering a trend period. When it's below 25: Market is most likely about to have a direction change (reversal). PRO TIP- Watch especially for supports and resistances. If the price breaks one and the Choppiness indicator points a trend, it may be a strong move. Look at volume! I usually never trade with a Choppiness Index above 50, since moving sideways (consolidation) won't give me any profits whatsoever. If the Choppiness Index points toward a trend change, I wait until the price breaks (be it up or down) the MA for an easier spot of such volatile change. If the Choppiness Index points that the market is in a trend, I see if the price is above the MA for longs and below it for shorts.
CAPITALCOM:BTCUSDEducation
by E-x-t-r-a-v-a-g-a-n-z-a
Bitcoin - Bearish Engulfing Pattern Definition and TacticsWhat is a Bearish Engulfing Pattern? A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle. The pattern can be important because it shows sellers have overtaken the buyers and are pushing the price more aggressively down (down candle) than the buyers were able to push it up (up candle). KEY TAKEAWAYS - A bearish engulfing pattern can occur anywhere, but it is more significant if it occurs after a price advance. This could be an uptrend or a pullback to the upside with a larger downtrend. - Ideally, both candles are of substantial size relative to the price bars around them. Two very small bars may create an engulfing pattern, but it is far less significant than if both candles are large. - The real body—the difference between the open and close price—of the candlesticks is what matters. The real body of the down candle must engulf the up candle. - The pattern has far less significance in choppy markets. What Does the Bearish Engulfing Pattern Tell You? A bearish engulfing pattern is seen at the end of some upward price moves. It is marked by the first candle of upward momentum being overtaken, or engulfed, by a larger second candle indicating a shift toward lower prices. The pattern has greater reliability when the open price of the engulfing candle is well above the close of the first candle, and when the close of the engulfing candle is well below the open of the first candle. A much larger down candle shows more strength than if the down candle is only slightly larger than the up candle. The pattern is also more reliable when it follows a clean move higher. If the price action is choppy or ranging, many engulfing patterns will occur but they are unlikely to result in major price moves since the overall price trend is choppy or ranging. Before acting on the pattern, traders typically wait for the second candle to close, and then take action on the following candle. Actions include selling a long position once a bearish engulfing pattern occurs, or potentially entering a short position. If entering a new short position, a stop loss can be placed above the high of the two-bar pattern. Astute traders consider the overall picture when utilizing bearish engulfing patterns. For example, taking a short trade may not be wise if the uptrend is very strong. Even the formation of a bearish engulfing pattern may not be enough to halt the advance for long. Yet, if the overall trend is down, and the price has just seen a pullback to the upside, a bearish engulfing pattern may provide a good shorting opportunity since the trade aligns with the longer-term downtrend. Limitations of Using a Bearish Engulfing Pattern Engulfing patterns are most useful following a clean upward price move as the pattern clearly shows the shift in momentum to the downside. If the price action is choppy, even if the price is rising overall, the significance of the engulfing pattern is diminished since it is a fairly common signal. The engulfing or second candle may also be huge. This can leave a trader with a very large stop loss if they opt to trade the pattern. The potential reward from the trade may not justify the risk. Establishing the potential reward can also be difficult with engulfing patterns, as candlesticks don't provide a price target. Instead, traders will need to use other methods, such as indicators or trend analysis, for selecting a price target or determining when to get out of a profitable trade.
BITSTAMP:BTCUSDEducation
by Yuriy_Bishko
33
And the wind blew, the earth split and it appeared ...The birth of BTC pumpkin. One dark dark evening, in a terrible 2017, when huge incomes of investors drove them to euphoric blood-strokes, it was born... Vegetable electronic evil , the king of margin calls, garden crypto ganster - BTC pumpkin. With the right hand, it weakens the growing trend , and with the left hand it attracts with overbought stochastics, bear patterns and low volumes of bold sellers in the position ...and vice versa... And no one knows peace from it for 3 years! BTC Pumpkin's worst weapon is its mood. The bipolar disorder of this vitamin monster changes the mood every six months . Will we see a new wave of BTC Pumpkin bad mood? What is more terrifying, grater, blender or saw? Today is the day when the crypto pumpkin knocks on the deposit house of every investor and says "treat or margin call?" We hope you love sweets! Can the BTC market free itself from the Pumpkin shackles? It remains to wait only six months... P.S. Drug use is bad for your health and hampers your trading.
BITFINEX:BTCUSDEducation
by P_S_trade
7
EMPTY YOUR MIND: PSYCHOLOGY OF A TRADERWe have always believed that the business of Cryptocurrency Trading thrives on 3 things – Intelligence, Psychology and Information. If all humans had the same level of IQ and everyone was emotionally zero (i.e. had similar psychological traits) and if the flow of information to everyone was equal, then what purpose would the Crypto markets serve? None whatsoever. In fact, it would become the most boring fixed income scheme you could invest in. Nevertheless, of these three traits, human psychology has the maximum impact on the movement of Crypto prices in the short-medium term. It is the psychology of a trader to overcome biases and human emotions like greed and fear and envy and desire that sets him apart from the others. Mostly, a trader just reacts and makes a lot of money if he can correctly predict the behavior of others. In order to succeed long term you must first understand your self and the relationship between yourself and the market. Your emotions, thoughts, and perception of the market, and how these relate to actions taken in the market place. If you do not believe these are directly connected with your actions and therefore performance, you will likely struggle to maintain a consistent performance. Rather than viewing your emotions as an enemy, learn to use them to your advantage. Learn to understand the circle or cycle between you and the market.
Education
by CryptoTradeWorldLTD
4
RISK MANAGEMENT : Not more than 1%Many traders would have you believe that a certain trade or indicator is the best way to manage your risk in the Crypto market. But the truth is, the best risk management strategy, is self-discipline. Specifically, as a trader, you must never risk more than 1% of your total capital on a single trade. The main reason for this rule is to minimize capital losses in case of harsh market conditions. By adhering to this rule, you would need to lose 100 trades in a row to wipe out your account. You could even implement stop loss orders to further minimize such losses. Trailing stop loss has proven itself to be the life saver. Thus, if you risk 1%, you should set your profit goal on each successful trade to 1.5 – 2% or more. When making several trades a day, gaining a few percentage points each day is entirely possible, even if you only win half of your trades. Trading is about preserving your capital as much as it is gaining profit. By controlling your losses, you can endure tough market conditions and be ready for profitable opportunities once they appear.
Education
by CryptoTradeWorldLTD
4
Market Forecasting with Gann Boxes, BTC. Bishko published an interesting BTC chart showing the use of Gann Fans yesterday. I rarely see Gann's work being showcased on TV, so to continue the same vein, here is something to play with for those who want to diver deeper into market harmonics. This chart uses essentially the same starting point as Bishko's chart, only using a 1-day chart, rather than a 3-day chart. However, here I am showing the use of Gann Squares / Gann Boxes, as opposed to Gann angles. I won't explain in detail how this works, as I believe in doing to work when it comes to discovering market secrets. What I will say is that this box is formed fully off the price high 13868. Both the price and the time dimensions are formed from the high. That's a BIG clue on how to form a correct Gann box. In fact, the ONLY piece of information you would need to draw this chart on the exact day of the high would be that price of 13868. The price high will give you the future major support and resistance levels. See the 0.25 / 0.382 / 0.5 / 0.618 levels on the chart. Those price supports would have been known months in advance. But you'll see the Gann box doesn't extend through to the 0.618 level that was hit in March 2020. Why is that? Because the time cycle aspect of the initial price high reached its completion in mid-February 2020. And what happened when that time cycle returned full cycle? Immediately the market dropped. You can look back at the other time ratios (0.382 and 0.75 especially) to see how upon reaching those points in time the market began major moves in their the same directions but significantly stronger, or switched directions entirely. Gann boxes like this can give you key price levels and important dates of time to keep in mind, where the market has a significant chance of making major moves. This can be done months in advance, as seen here. Investigate this phenomenon for yourself. Markets are harmonic in nature. Price and Time are the same. Good luck.
COINBASE:BTCUSDEducation
by tkimball31
7
Answering your questions...1. What is the mirror level? To answer this question, we should remember the general meaning of support and resistance. Support represents the situation in which the price constantly goes down, then reaches a certain price point, and ceases to decline. Resistance shows just the opposite situation: the price constantly rises, then reaches a certain price level and, suddenly, ceases to rise. 2. What is the Historical Level? If the price dropped dramatically and after some time approaching that level again we have a huge possibility for the repeat. It can be a all-time high or all-time low. It doesn't matter. I see a price reaction near such levels almost every time when the pair approach it. 3. What is False breakout? False-breakouts are exactly what they sound like: a breakout that failed to continue beyond a level, resulting in a ‘false’ breakout of that level. A false-break of a level can be thought of as a ‘deception’ by the market because it looks like price will breakout but then it quickly reverses, deceiving all those who took the ‘bait’ of the breakout. It’s often the case that amateurs will enter what looks like an ‘obvious’ breakout and then the professionals will push the market back the other way false breakout is essentially a ‘contrarian’ move in the market that ‘flushes’ out those traders who may have entered on emotion, rather than logic and forward thinking. 4. What is squeezing? When a large number of traders are forced out of their positions due to sudden rising or falling prices, it is known as a market squeeze. Some high-volume markets are more susceptible to squeezes than others, but the general assumption is that it can happen in any market at any time. Market squeezes can be either long or short. In this example, we’ll look at long squeez.
COINBASE:BTCUSDEducation
by Yuriy_Bishko
28
Understanding Risk/Reward through Bitcoin's CME Futures GapsIf you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. In this post, I will be explaining the concept of the Risk/Reward Ratio, also known as the RRR, and the significance of this idea when it comes to trading. I will also be explaining how this can be applied to Bitcoin's CME Futures Chart on the daily, in regards to gaps. Analysis - To begin with, Bitcoin's CME Futures chart shows a huge gap leading down to 9.6k - Unfortunately, this gap is yet to be filled. - Given that 99% of gaps that have been created get filled some time in the future, it's likely that this gap will fill as well - However, solely approaching the chart from the perspective of gaps has its limitations - For instance, the gap at 11.4k took almost a year to fill. - As such, gaps don't provide us with a specified time frame as a reference - Should we fill the gap right now, and bounce at gap support, that would be a 7% move downwards from the current price - Should we see a stronger bearish price movement that extends below the price gap, we could see a 15% move downwards based on support levels - The gap support at 8.8k converges with the descending trend line support on the weekly, as well as the 0.5 Fibonacci retracement support (refer to our previous analysis) - As such, it's reasonable to conclude that a bearish price movement over 15% is less probable. - On the bright side, it's also important to note that there are some gaps above the current price, indicating potentiality for bullishness - There is a wide gap at 10.5k levels, and another one at 11.4k - Given this information, we can estimate our risk/reward when entering a position at current levels - Splitting our entries into three different levels, we can: 1. Enter at the current price of 10.2k 2. Dollar Cost Average (DCA) at the 0.382 Fibonacci retracement support at 9.4k 3. Enter at gap support around 8.8k - This way, we know that our risk is limited, and that the upside remains huge, due to the overall trend being bullish. - Based on significant support and resistance levels, a trader would then calculate his stop loss target and take profit targets according to his risk appetite. Conclusion The trend is your friend. While the short term trend may appear bullish, it could be said that the overall trend for the long term remains bullish. As such, it would be better to look for spot/long entries near support. Don't predict the market. Take it by levels, and play by probabilities. - Michael Wang-
CME:BTC1!Education
by Michael_Wang_Official
BITCOIN EMOTIONS STRUCTURE — $100 000 per btc +644% Potential!!!Hey! Reading market emotions could be pain in ass ¯\_( 👁️ ͜ 👁️)_/¯ But what you can do about it? M arkets always flow in ups and downs, every minute emotions change so the market following well known sequence of emotions: ... Optimism — Believe — Excitement — Thrill — Euphoria — Complacency — Denial — Fear — Desperation — Panic — Capitulation — Anger — Depression — Hope — Relief ... This emotions sequence happen on all timeframes, you can find it every day and on every market/assets. Moreover this emotions people feel over and over during day and regular business and activities. I find 3 tips how to see market emotion stage: 1. Be Cold Mind — Check Twice 2. Take a Guess, but Control Risks 3. Watch Your Mood — Ask Opinions These steps can improve overall market feeling, but you have to train intuition and spend time on markets to find it's patterns. This require experience, so spend time to learn and try different things. Do not rush "all-in" if you are newbie, small is big in the trading. Peace and have good profits. Stay tuned to Artem Crypto. P.S. Bitcoin next stop could be near 100K, not joking. remember this chart? Good luck :)
BITSTAMP:BTCUSDEducation
by ArShevelev
22
Crypto Untapped Educational Series EP. 2: Drawing S/R LevelsIn today's episode, we review support and resistance as levels. We explain why price action moves the way it does via buyers and sellers and how to enter/exit based off liquidity in the markets. Enjoy! DISCLAIMER: Investing into cryptocurrency comes with inherent risk including technical risk, human error, platform failure and more. Invest at your own risk. None of our content is to be construed as financial advice, we are a cryptocurrency education platform.
COINBASE:BTCUSDEducation
by cryptountappedyct
Who drive BTC Price vs. Value? First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! There are two group of people in the crypto space: long-term investors and short-term speculators. One often overlooked fact is while short-term speculators dominate the actively daily traded BTC, long-term investors actually dominate the entire BTC holding. Understanding how these two groups contribute to BTC value and price separately is crucial in profiting in the long run. “Never invest in a business you cannot understand.” – Warren Buffett Are you a long-term investor or a short-term speculator? Do you agree or disagree? All thoughts and critics are welcomed! =========================================================== 🌐 We believe in the power of blockchain on-chain data analysis! ===========================================================
COINBASE:BTCUSDEducation
by Phi-Deltalytics
25
Bitcoin | Ascending Triangle & EMA50..!!BTCUSD (Update) In Daily Chart, Bitcoin forming Ascending Triangle Pattern. Daily EMA50 acting As Strong Support (Tested 3 Times in last 34 Days) In Bullish Case, If Resistance (10.4k) got Cleared, Next Stop Would be 11666. If Ascending Triangle & EMA50 (9.1K) Broken Down, then Bitcoin Might Test the Major Support (8.2k) By the Way, Volume has been Decreasing Since 10 May (Halving Hype), Big Move Ahead So Be Ready for Both Bullish & Bearish Scenarios. What We Do Now ?? If You're Holding Bitcoin, Set Stop Loss Below Daily EMA50 (9105) & Wait for Triangle Breakout..!! In Longterm, Bitcoin Might Retest the 6666 Area Before Triangle Breakout, Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
BITSTAMP:BTCUSDEducation
by Faibik
2
BITCOIN Retest of $8,000 - WYCKOFF DISTRIBUTION Tutorial Now, I wanted to take a look at something here. I am new to using the Wyckoff Method for the distribution phase of a chart's characteristics, So this for me is a lesson in time, I want to see how well our charting and recognition here actually come true. In this area, there are Phases A-E A fantastic write up here about this type of charting pattern. medium.com Quoted Misconceptions There are a lot of misconceptions around distribution but not quite as many as with accumulation. I imagine this is because people are naturally more bullish than they are bearish. The major misconception usually occurs with assumption that an asset that has been in a strong uptrend will automatically enter a period of distribution at its “top.” A little like accumulation (when a coin has bottomed) the first instinct should be to look for the Wyckoffian concept that supports the continuation of the trend. You should be looking first and foremost for signs of reaccumulation with a check on distribution. This is one of the primary reasons I enjoy charting with Wyckoff so much. It allows me to follow the trend and chart accordingly, but at the same time it forces me to check my bias and prepare for an option that may cause the end of the trend in the short, medium or long term.
Education
by Arcane-bear
2
Bitcoin | Ascending Channel & EMA50..!!#BTC (Update) Bitcoin Has been Moving Between 8.4k-10k Range from last 36 Days. (forming Ascending Channel) At the Moment, holding the Channel Middle line (9.6k Support) & EMA50 (9464) Now, there Are two Possible Scenarios..!! - In Bearish Case, If Bulls lost the Support, It Might Retest the 8.8k Area Support. - In Bullish Case, It Might test the Major Resistance (10k Area) Again, In Case of Rejection, There is a Possibility of Triple Top Formation 📉 Bitcoin CME Future Closed at 9800..!! Expanding Triangle Formation..!! According to Expanding Triangle, Big Move Ahead (Higher High or Lower Low) In Weekly Chart. Bitcoin Facing Longterm Downtrend line...!! In Weekly Candle Closed Below 9.6k or Trendline, Expecting Bearish Wave for Midterm. In Case of Trendline Breakout, There is a Possibility of Bitcoin Bull Run in Coming Days..!!| Waiting for Weekly Close 😎 Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
BYBIT:BTCUSD.PEducation
by Faibik
6