Trendline Fake Breakout Trade Trendline Fake Breakout Trade.
Reason of trade
1. Fake Breakout
2. Inviting Buyers
3. Retailers Looking for Long
Bitcoinfutures
BTC Ready To Dump Fast And Hard-Crash Is ImminentBTC/1H Still in that Parallel Upwards channel
*I FORGOT to mention there is a ascending triangle pattern on btc which I think its jebaiting the longers*
Today is FOMC day where rate hike will be announced and will have huge impact on whole market , not only traditional but crypto as well.
We usually get a move to both side around (%3) liquidating all the high leverages which we call ( sweeping the highs and lows) after than the move will come
IMO its a capitulation candle downwards around 23K. could be worse .
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Breaking the Bears: Bitcoin Bullish MomentumHello @TradingView community. Welcome in @Vestinda Bitcoin price analysis.
Reports about bank collapses, stablecoins, and interest rate increases appear to be powerful enough to increase the price of bitcoin. Well, Bitcoin almost hovers above $28,000 amid banking instability.
On the other side, we discover chart patterns that suggest a market recovery from the bear trend as Bitcoin surged in the beginning of March 2023 by approximately +80%.
1. Price on long term scale remains in Rising Channel
2. Strong breakout of Downtrend Resistance
3. EMA Ribbon bullish breakout
Which means price is likely to continue growth inside Rising Channel, and according to identical move characteristics from 2019, we might land on this move in the upper 40s or low 50s. For sure it is our High-hopes, and in general, the price movement may differ both in time and appearance.
What is Rising Channel in trading?
A rising channel is a technical analysis tool used by traders to identify an uptrend in the market. It is formed when the price of a security moves between two parallel trendlines, with the upper trendline representing resistance and the lower trendline representing support. The rising channel can be used to identify potential entry and exit points for trades, as well as to determine whether a security is in an uptrend or downtrend. Traders can also use it to set stop-loss orders and take profits when trading, a rising channel helps traders determine where the current price is in reference to the median of the market.
Learn about Bulls and Bears on the markets:
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ArShevelev /// Bitcoin's Decline is InevitableThe fact is that a lot of people just don't care about Bitcoin anymore. If you do a Google search for "Bitcoin," it will lead to 623 million results. But if you do a similar search for "bitcoin price," there are only 157 million results, and the vast majority of them are not important news articles or price analysis.
And the reason why Bitcoin prices remain stuck in sideways channels or breakdowns is because most people don't care about it anymore. Price action is boring.
They're waiting to see how much they can make by buying low and selling high, and they're not so concerned about the reality that such a purchase demands endurance and perseverance.
Most people are used to trading in 2022 on futures in a continuous downtrend, but now the time has come for a trend shift, and we see the movements altering each other up and down, causing the market to go sideways.
If there is a long-term buyer on bitcoin, I am confident that it will purchase quietly and change the public attention away from purchasing but towards selling. Remember that.
Things might change if the price goes below the 20600 level, which I believe is critical for momentum. Yet, if 20600 is broken, we will almost certainly witness a double bottom attempt.
Kind regards
Artem Crypto
BTCUSD Posible LongIf BTC turns back to $22500-24000 range it will be bullish signal for us. $25k is the last target of this bullish scenario...
BITCOIN 1h Update 08 December 2022Hey is is Artem update on BTCUSD price action on 1h TF. Looking for movement in range 16660 up to 17200 during weekend.
Price consolidating at rising support lines before fake breakdown and rise. According to this behaviour I am thinking price will rise afterwards and break Green Resitance line to move up 17200.
Bitcoin FTX Futures brokenHere's an example how everything is looking completely upside down with FTX.
Forward Futures trading at 7% premiums while price marking down is unnatural behaviour.
Of course we can easily compare to Deribit Futures everything is looking completely destroyed as Premiums are marking severe discounts. But this is actually what I was expecting for months to happen.
A bottom can only be found if we have Futures trading in Backwardation as they are right now. However, I expect them to sustain this way maybe for a week or two to be legit.
If they normalize too quickly is a sign that there is too much bullishness in the system.
The fact that we have Binance and OKX perpetual swaps trading aggressive above spot prices is also another bearish sign as margin traders are positioning themselves long on leverage... what could go wrong?
Things are looking ugly right now and we have no clue what other side effects are yet to bleed into the market as this start affecting balance-sheet of lenders, FTX partners, and other big institutions that are exposed to the FTX nightmare.
In terms of Elliot waves, three scenarios can be considered for The first scenario is to start the upward movement from now
In the second scenario, we can move up from now on, but in the future we will see weakness in the upward direction and we will move down again within 5 waves (flat correction pattern will be formed).
In the third scenario, we have to move down through 5 waves, of which 3 waves have been completed so far and we are now in wave 4. So we have to have another downward wave. The maximum amount of this decrease is up to the level of 14 thousand dollars.
Which scenario do you agree with?
Symmetrical triangle formation No directional breakout on BTC in the past few days yet, but on drawing and spotting trendlines I could see the formation of a symmetrical triangle chart pattern.
Take note: BTC is still ranging as it is, day traders should be more careful trading this period as Bitcoin volatility could be immerse.
BTC SHORT AND BEARISH AFTER FAILED HTF MARKET STRUCTURE BREAKAfter a failed Market Structure Break on the Daily TF, Bitcoin breaks into taking internal liquidity upwards and with high probability to soon target Higher Timeframe Liquidity downwards. An liquidity void is found at a downtrend retrace up to 50 to 61.8 fibonnacci for a very high probability short position.
BTC Macro Trend Line BrokenI am not in a BTC position currently, though this is a huge occurrence in the bigger time frames.
I will be watching this with hawk eyes over the next few days. If we find support, this could be the sign of a macro reversal.
I am still extremely bearish though, especially when it comes to issues on the world finance stage. Let's not even begin to talk about the geopolitical factors that could sway the price of all asset classes at the moment. I covered all of this in my October finance report.
These are some very intense markets we are trading in right now. Let me know what you think about this.
Micro Bitcoin Futures (MBT1!), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 24320
Pivot: 22440
Support : 20790
Preferred Case: On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 22440 where the overlap resistance and 61.8% fibonacci retracement are. Once there is upside confirmation that price has broken pivot structure, we would expect bullish momentum to carry price to 1st resistance at 24320 where the overlap resistance and 161.8% fibonacci extension are.
Alternative scenario: Alternatively, price could drop to the 1st support at 20790 where the overlap support is.
Fundamentals: Due to the weakening US Dollar , we have a bullish view on Bitcoin.
Micro Bitcoin Futures (MBT1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 22420
Pivot: 20785
Support : 18610
Preferred Case: On the H4, with price expected to reverse off the stochastic resistance, we have a bearish bias that price will drop from the pivot at 20785 where the overlap resistance and 38.2% fibonacci retracement are to the 1st support at 18610 where the swing low support and 78.6% fibonacci projection are.
Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 22420 where the pullback resistance and 61.8% fibonacci retracement are.
Fundamentals: Due to the weakening US Dollar, we have a bullish view on Bitcoin. We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
MICRO BITCOIN FUTURES (MBT1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 20695
Pivot: 19390
Support : 18495
Preferred Case: On the H4, with price breaking out of an ascending channel and moving below an ichimoku indicator, we have a bearish bias that price will drop to pivot at 19390 where the swing low support and 127.2% fibonacci extension are. Should price break pivot structure, we would expect bearish momentum to carry price to 1st support at 18495 where the swing low support, -61.8% fibonacci expansion and 78.6% fibonacci projection are.
Alternative scenario: Alternatively, price could rise to 1st resistance at 20695 where the pullback resistance, 100% fibonacci projection and 23.6% fibonacci retracement are.
Fundamentals: After Fed Chair Powell reiterated that the Fed will tighten policy to bring down inflation , we have a bearish view on Bitcoin .
MICRO BITCOIN FUTURES (MBT1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 22420
Pivot: 20785
Intermediate Support: 19400
Support : 18610
Preferred Case: On the H4, with price moving below an ichimoku indicator, we have a bearish bias that price will drop from pivot at 20785 where the pullback resistance, 100% fibonacci projection and 23.6% fibonacci retracement are to the 1st support at 18610 where the swing low support, 78.6% fibonacci projection and -61.8% fibonacci expansion are. Take note of intermediate support at 19400 where the swing low support is.
Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 22420 where the overlap resistance, 100% fibonacci projection and 50% fibonacci retracement are.
Fundamentals: After Fed Chair Powell reiterated that the Fed will tighten policy to bring down inflation , we have a bearish view on Bitcoin .
Now is the best time to buy BitcoinIn terms of Elliott wave counting rules and regulations
Wave 1 is over and now we are in the fall of wave 2
If we predict correctly and maintain the bottom level of wave 1, we can enter wave 3 and move upwards with strength.
The validity of this analysis is until the level of 17,660 is not broken down
MICRO BITCOIN FUTURES (MBT1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 22420
Pivot: 20695
Intermediate Support: 19390
Support : 18830
Preferred Case: On the H4, with price moving below an ichimoku indicator, we have a bearish bias that price will drop from pivot at 20695 where the pullback resistance and 23.6% fibonacci retracement are to the 1st support at 18830 where the swing low support and -61.8% fibonacci expansion are. Take note of intermediate support at 19390 where the 127.2% fibonacci extension and swing low support are.
Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 22420 where the overlap resistance, 100% fibonacci projection and 50% fibonacci retracement are.
Fundamentals: After Fed Chair Powell reiterated that the Fed will tighten policy to bring down inflation, we have a bearish view on Bitcoin.
MICRO BITCOIN FUTURES (MBT1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 22485
Pivot: 20720
Support : 18870
Preferred Case: On the H4, with price breaking out of a bullish channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 20720 where the 161.8% fibonacci extension and swing low support are. Once we have downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 18870 where the swing low support, -61.8% fibonacci expansion and 161.8% fibonacci extension are.
Alternative scenario: Alternatively, price could rise to 1st resistance at 22485 where the pullback resistance, 61.8% fibonacci projection and 38.2% fibonacci retracement are.
Fundamentals: Since institutional investors have been pulling out of Bitcoin for the past two weeks, we have a bearish outlook on Bitcoin .
MICRO BITCOIN FUTURES (MBT1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 22490
Pivot: 20695
Support : 18890
Preferred Case: On the H4, with price breaking out of a bullish channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 20695 where the 161.8% fibonacci extension and swing low support are. Once we have downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 18890 where the swing low support is.
Alternative scenario: Alternatively, price could rise to 1st resistance at 22490 where the pullback resistance, 61.8% fibonacci projection and 38.2% fibonacci retracement are.
Fundamentals: Since institutional investors have been pulling out of Bitcoin for the past two weeks, we have a bearish outlook on Bitcoin.
Micro Bitcoin Futures (MBT1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance : 24315
Pivot: 22430
Intermediate Support: 20740
Support : 18875
Preferred Case: On the H4, with the price moving below the ichimoku cloud and breaking the ascending channel, we have a bearish bias that the price may drop from the pivot at 22430 where the overlap resistance is to the 1st support at 18875 where the swing low support, -61.8% fibonacci expansion and 161.8% fibonacci extension are. Take note of intermediate support at 20740 where the -61.8% fibonacci expansion, 161.8% fibonacci extension, 78.6% fibonacci retracement and swing low support are.
Alternative scenario: Alternatively, price could break pivot structure and rise to the 1st resistance at 24315, where the overlap resistance and 61.8% fibonacci projection are.
Fundamentals: After the minutes of the Federal Reserve's July meeting dashed hopes that looser monetary policy is set to return to the U.S. next year, we have a bearish view on Bitcoin.
MICRO BITCOIN FUTURES (MBT1!), H4 Potential for bullish riseType : Bullish Rise
Resistance : 27225
Pivot: 24315
Support : 22495
Preferred Case: On the H4, with price moving above the ichimoku indicator and within an ascending channel , we have a bullish bias that price will rise to the pivot at 24315 where the overlap resistance is. Once there is upside confirmation that price has broken pivot structure, we would expect bullish momentum to carry price to 1st resistance at 27225 where the 61.8% fibonacci retracement, -61.8% fibonacci expansion and 161.8% fibonacci extension are.
Alternative scenario: Alternatively, price could break drop to 1st support at 22495 where the overlap support, 61.8% fibonacci retracement and 78.6% fibonacci projection are.
Fundamentals: Due to the weakening chinese economy, we have a bearish view on Bitcoin. We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
Micro Bitcoin Futures (MBT1!), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 27225
Pivot: 24315
Support : 22395
Preferred Case: On the H4, with price moving within a bullish channel as well as above the ichimoku indicator and RSI moving along an ascending trendline, we have a bullish bias that price will rise to our pivot at 24315 where the overlap resistance is. Once there is upside confirmation that price has broken pivot structure, we would expect bullish momentum to carry price to 1st resistance at 27225 where the 61.8% fibonacci retracement, -61.8% fibonacci expansion and 161.8% fibonacci extension are.
Alternative scenario: Alternatively, price could drop to 1st support at 22395 where the pullback support, 61.8% fibonacci retracement and 61.8% fibonacci projection are.
Fundamentals: As BlackRock launches spot bitcoin private trust for US clients, we have a bullish view on Bitcoin.
MICRO BITCOIN FUTURES (MBT1!), H4 Potential for bullish riseType : Bullish Rise
Resistance : 24315
Pivot: 22430
Support : 20705
Preferred Case: On the H4, with price moving within a bullish channel and expected to bounce off the stochastic support, we have a bullish bias that price will rise from our pivot at 22430 where the pullback support, 61.8% fibonacci retracement and 78.6% fibonacci projection are to the 1st resistance at 24315 where the swing high resistance and 61.8% fibonacci projection are.
Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 20705 where the swing low support, -61.8% fibonacci expansion and 100% fibonacci projection are.
Fundamentals: As investors are looking to reduce risk ahead of the CPI report, we have a bearish view on Bitcoin. We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
