Bitcoinidea
BTC (this is it ?)Baby shark, doo doo doo doo doo doo
Baby shark, doo doo doo doo doo doo
Baby shark, doo doo doo doo doo doo
Baby shark!
Mommy shark, doo doo doo doo doo doo
Mommy shark, doo doo doo doo doo doo
Mommy shark, doo doo doo doo doo doo
Mommy shark!
Daddy shark, doo doo doo doo doo doo
Daddy shark, doo doo doo doo doo doo
Daddy shark, doo doo doo doo doo doo
Daddy shark!
Grandma shark, doo doo doo doo doo doo
Grandma shark, doo doo doo doo doo doo
Grandma shark, doo doo doo doo doo doo
Grandma shark!
Grandpa shark, doo doo doo doo doo doo
Grandpa shark, doo doo doo doo doo doo
Grandpa shark, doo doo doo doo doo doo
Grandpa shark!
Let's go hunt, doo doo doo doo doo doo
Let's go hunt, doo doo doo doo doo doo
Let's go hunt, doo doo doo doo doo doo
Let's go hunt!
Run away, doo doo doo doo doo doo
Run away, doo doo doo doo doo doo
Run away, doo doo doo doo doo doo
Run away!
Safe at last, doo doo doo doo doo doo
Safe at last, doo doo doo doo doo doo
Safe at last, doo doo doo doo doo doo
Safe at last!
It's the end, doo doo doo doo doo doo
It's the end, doo doo doo doo doo doo
It's the end, doo doo doo doo doo doo
It's the end!
Bitcoin weekly analysis Traders or investors as you can see bitcoin has been on a bullish trend for months now and you can see that it recently broke one of the higher highs so now I expect a pullback to that recently broken zone and then start to look for bullish opportunities from there. Next week we can expect a rejection (bearish) of the price .
BTC pain is next Alright, listen up, folks. I know things might seem rocky right now in the world of BTC, but let me tell you something – this is not the time to panic. Sure, there might be a correction looming on the horizon, but that doesn't mean it's the end of the world. In fact, it's far from it.
Think about it. The big boys, the whales, they've been in this game for a while. They know how to navigate these waters, and they're already sitting pretty with their profits, probably even leveraging their positions. But what about us? Are we going to let fear dictate our actions?
No way. This is our time to shine. This is our opportunity to show resilience, to show strength, to show that we're not going to be shaken by a little turbulence in the market. Remember why you got into this game in the first place. Remember the potential, the excitement, the thrill of being part of something revolutionary.
So, I urge you, don't succumb to panic selling. Don't let fear cloud your judgment. Instead, stay calm, stay focused, and stay determined. This is just a bump in the road, a test of our resolve. And I have no doubt that we will come out of this stronger than ever before.
Believe in yourselves, believe in the power of BTC, and together, we will weather this storm and emerge victorious. Let's show the world what we're made of. Let's hodl strong!
BITCOIN - 4h breakdown Update to Weekly Outlook 20/02/24'Hello everyone,
just a quick update to Yesterday Weekly outlook..
4h Idea Breakdown chart:
Reasons WHY Short in next 0 to 48 hours:
1 - is Lower Close then 2
2 - is Highier Close then 3, BUT it have Lower Candle High
3 - have Lower Close then 2 and Last Green Candle,
BUT in the same time have Highier Candle High
__________________________________________________
These are Reasons WHY I believe we are about to Short in next 0-36(48) hours at least
& WHY I was yesterday slightly more bearish then bullish, but since it developed as it did, it gave me more confirmation and confidence that we are about to go Lower (Short market).
Aswell, if you decide to take a trade, DONT FORGET TO USE STOP LOSS, for your own good.
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
BITCOIN - Weekly Outlook 20/02/24'Hello everyone,
just a quick Weekly update..
I believe that not much changed Price wise since last week, BUT we got some developments and news from Macro Economy perspective...
So, Im still somewhat alerted we are RIGHT now possibly "around" or "not so far" from High, before of "reversing" at for week/two..
WITH still having in mind, that ONLY ONE TIME in History, when Market conditions was closest to similar as we are today, Market didnt find its TOP until FED started cutting rates...
So there is still possibility of going Highier with time (March,April), even tho Price wise we already elevated a lot... and thats the reason Why is Executing a Trade Correctly right now difficult...
So AGAIN, I would suggest EVERYONE to use STOP LOSS, if you decide to trade...
cause, PROTECTING CAPITAL should be your Number 1 object every time!!!
-- I would like to state, that due to everything ment above and previously - I Labeled this Idea NEUTRAL - but, my bias is slightly more bearish, that bullish as for Right Now. --
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
BTCUSDT.1DBased on the market data provided, the current price of Bitcoin (BTC) against Tether (USDT) is $52,089.
The Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 76.33, 84.40 and 80.84 respectively. These values indicate that BTC is currently in the overbought territory, suggesting that a price correction might be imminent.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day and 7 days are 1163, 2323 and 5140 respectively. The positive MACD values indicate that the bulls are currently in control.
The Bollinger Bands (BB) for 4 hours, 1 day and 7 days are all at 53570, indicating a relatively stable price volatility.
The support levels for 4 hours, 1 day and 7 days are $51,056, $47,500 and $40,000 respectively, while the resistance levels for the same periods are $53,351, $53,230 and $53,800.
In my opinion, while the market is currently bullish, the high RSI values suggest that the market is overbought, and a price correction might be on the horizon. As such, it might be a good idea to exercise caution and consider taking profits or setting stop-loss orders to protect your investment. However, if BTC manages to break through the resistance levels, we could see further upside.
Keep in mind that this analysis is based on historical data and does not guarantee future results. Always do your own research and consider your financial situation and risk tolerance before making investment decisions.
Bitcoin's Daily Price Analysis: Expanding Ranges and Ascending Analyzing Bitcoin's Price Movement: A Detailed Look at the Daily Timeframe Chart
In the dynamic world of cryptocurrency trading, understanding price patterns and chart movements is crucial for making informed decisions. Bitcoin, the pioneer of the crypto market, has exhibited notable price movements since December 5th, 2023, particularly within the daily timeframe chart.
Over this period, Bitcoin's price action has formed an expanding range characterized by higher highs and lower lows. This pattern indicates growing volatility and uncertainty in the market sentiment. Within this expanding range, a notable development has been the testing of the high side of an ascending wedge.
An ascending wedge is a technical pattern formed by converging trendlines, with the lower trendline rising at a steeper angle than the upper one. It typically suggests a potential reversal to the downside. In the context of Bitcoin's current price movement, the testing of the high side of this ascending wedge indicates a crucial juncture.
The recent price action has shown high volatility, with significant swings in both directions. However, there are indications that the price is beginning to encounter resistance, as evidenced by wicks forming at resistance levels. A rejection at this juncture could signal a potential downward movement towards the $48,000 to $49,000 range, where the support side of the ascending wedge lies.
Breaking through this support level could lead to further downside momentum, potentially testing the bottom of the expanding range. It's worth noting that the green lines on the chart represent areas of major support levels, adding significance to these price levels in determining market sentiment.
Given the current technical setup, it's prudent for traders to closely monitor the ascending wedge pattern. As of now, the focus should be on observing price behavior within this pattern. With the potential for further downside movement, caution is warranted for those considering buying positions, as the market faces a higher probability of correction.
In summary, Bitcoin's price movement within the daily timeframe chart since December 5th, 2023, has been characterized by an expanding range with higher highs and lower lows. The testing of the high side of an ascending wedge pattern amidst high volatility suggests a critical juncture for the cryptocurrency. Traders should pay close attention to key support and resistance levels, particularly within the ascending wedge pattern, to gauge potential market direction.
Bitcoin Analysis for 2024!Bitcoin Analysis for 2024!
We have been witnessing upward movements in Bitcoin for a while now. As 2024 approaches, we want to share with you the potential price movements Bitcoin might make.
Bitcoin's price is hovering around the resistance range of $44,372 - $45,821 . We believe that unless Bitcoin achieves weekly voluminous candle closures above the $45,821 level, it may initiate a downward movement. If BTC manages to close candles above the $45,821 level for two consecutive weeks, the next upward target would be $53,256.
However, if Bitcoin fails to secure weekly candle closures above $45,821, we anticipate its descent to the initial support range of $38,150 - $36,163. If BTC finds strong buyers in the $38,150 - $36,163 support range, it could bounce back and ascend to the $44,000 - $45,000 range. Nevertheless, it is crucial to note that for the upward trend to continue, a weekly candle closure above $45,821 is essential.
In the event that Bitcoin's ascent from the $38,150 - $36,163 support range cannot surpass $45,821, a renewed descent may commence, leading to a range between $32,380 - $30,420. We believe that the actual upward trend for BTC will originate from the support range of $32,380 - $30,420, as indicated by the purple lines in our analysis.
If Bitcoin initiates an ascent from the $32,380 - $30,420 support range, we anticipate it reaching $53,256 .
In our 2024 Bitcoin Analysis, we focus on weekly timeframe movements rather than those on lower timeframes.
Not Investment Advice.
WAGMI.
BITCOIN $BTCUSD - Nov. 20th, 2023BUY/LONG ZONE (GREEN): $35550 - $49240
DO NOT TRADE/DNT ZONE (WHITE): $30320 - $35550
No sell/short zone shown.
The market has a clear bullish sentiment and I would not look to enter shorts here. I've drawn the levels and zones (from the daily and weekly frames) that I would look towards when entering. Price reaction to these areas would be significant in determining the trend. Recently BTC has shown strong bullish momentum in respect to the most recent level/zone break. The current test on the next level is the third one in less than two weeks. Although there is resistance to the level, there have been no large structural breakdowns and entering into the third test we see support on the 4H level combined with an ascending triangle.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
BITCOIN - Weekly Outlook 13/02/24'Hello everyone,
hope you guys doing great.
So those who follow know, that my close monitoring and breaking down chart payed off...
Since we was able to recognize that probabilities of reverse shifting and favouring Upside price targets when Price was refusing to go lower under price level I ment in last updates..
So hope everyone bagged some profits already, and if not, its still great time to do right now as we sits just around 50k which is GREAT price for some profit taking for several reason, more about why you can find inside ↓↓↓ ...
As for WHAT Im doing RIGHT NOW - is that I closly follow lower time frame charts 5min/15min and 1h...
Since Im of opinion that we rallied A LOT already and is Tuesday, which following my data shows as a day with the MOST Liquidity reverses (meaning, we go for Sellside liquidity)..
So with that in mind and aswell upcomin US CPI numbers Im alerted that there is highier chance of revisiting Lower prices then sustained rallie on upside.. BUT!! even in this scenario Im thinking that is still possible that price can rallie a bit highier (51k to 51,8k max.) BEFORE reversing... at least for this WEEK!
-- In simple terms, I think we can rallie today up to 51,8k MAX! as a possibility, but Its Low% chance BUT if its happend, IT WILL BE GREAT SHORT ENTRY PRICE for me! --
--- IN THE SAME TIME - I think we are in GREAT SHORT PRICE entry RIGHT NOW, since, we already rallied a LOT, and above ment price is only 2% max.3% highier.. and since its possible we dont get that PERFECT entry area around 51k... it would be SMART to follow lower time frames as I ment, and entry "smaller" position In correct time, before building that short trade more ---
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
BTC - Weekly Perspective - 02/11 to 02/18As stated in previous analyses, the long-term chart showed an upward pivot, in which the 44.96K region was an important resistance point to be overcome in this chart time.
Anyway, this value was left behind, and the crypto needs to reach the 51.4K region and remain above 44.9K throughout this month to remain in a consolidated upward trend and seek the top region at 65.1K. See the image below
If this does not happen, we can characterize this breakout of strong resistance as just a beautiful buying "TRAP" and have the following situation. See the image below.
On the short-term chart we have a pattern that could help the crypto reach the level of 51.4k.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes belo
Bitcoin halving starts in 60 days. I like this price channelI’m not saying that Halving will begin on April 8th, this is an assumption based on my findings.
My forecast is this: Bitcoin is now a colossal success for ETFs, and now "MicroStrategy" has like-minded people, it is enough to single out one figure for everything to fall into place, "BlackRock", which is accumulating 82000 Bitcoins today and announces on the "CNBC" channel that they will be accumulating Bitcoin for several more years.
Based on these important facts, I have a positive forecast for a new high in the price of Bitcoin.
BITCOIN Breakdown of Whats Going On - 06/02/2024Hello everyone,
I have to update on update of previous post, to break it down little clearer for some of you, to explain why RIGHT NOW Im very causious...
For that purpose Im going from Highier to Lower timeframes, to get clearer picture of what is the MOST possible at this moment..
So, If we go from 5Day to 4h timeframe, its clearly to see that we are "stucked" in consolidation of last 5D candle, which was our "top" of 2023 and we are in process of "accumulation/distribution" either shorts/longs before moving further (as stated yesterday, longer we stay highier, chance of continuation of going highier increasing)...
So as you know, I WAS of opinion, that we should go lower to swept Sellside liquidity, before moving further... but since FED meeting changed nothing, I HAVE TO stick with my Highier TimeFrame perspective...
And thats it, as presented in Q1 update - Due to previous experience in similar market conditions I should suggest that until nothing change & FED start cutting rates, market will move Highier with Time until this change come!
Breakdown :
5 DAY -
to
1 Day -
On 1Day, we can see much better, that we first swept Buyside liquidity of that 1st Rectangle consolidation, before we processed to swept Sellside liquidity... BUT NOW, we came EXACTLY BACK where we WAS, which SHOULDNT be CASE if we continuing LOWER with confidence...
So, we HAVE TO go to 4hr, to make "better and clearer" guess of whats happening...
4h -
So , I added 1 more layer of rectange... which is LAST WEEK RANGE...
You can see, its relatively tight with its own "consolidation" (i put green cut line between for better visibility)... and YESTERDAY, we firstly swept highs, then lows and now we proceeding to going back up.. in this case, IF WE ARE ABLE to MOVE ABOVE that FED HIGH I would expect with high probability of moving further up, ONCE WE GET ABOVE OUR CONSOLIDATION BOX, both of them!
-- One more 4hr chart with SMA , which I do not use as "trading tool", but in my obsertvation-> When they are stacked like now and we moving in tight range in same time.. WHEN Price BREAK above/under them with "test" - in most cases it continuos in that direction for pro-longed period of time.
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
Bitcoin Market Cycle This chart tried to reflect the uncanny similarities between Bitcoin's previous cycles and will try to use that information to "predict" next market cycle top in terms of price and time.
The price is derived using Log FIB extension 1.618 and is the minimum Bitcoin has to hit.
Although Bitcoin has gone way above this extension in the past, I am going to keep things a little conservative.
The chart is aimed to not use any indicators to keep it clean but you can apply Pi cycle top indicator (which has been super accurate to make it more precise)
The chart shows how bottom of the previous bear market to the next one takes about 206 Weeks or so and how bear market lasts about 52-55 weeks while Bull market (from the bottom and not halving) is about 155 Weeks ish.
While the drawdowns are becoming less and severe by some percentage, I chose about 75% drawdown for next bottom in 2026 with price of about mid 40K.
Like someone said " All models are wrong but some are useful" this can clear some noise and provide us some timeframe when we can start taking some profits based on time and price.
Over time, I will provide update to this model if I think I can make it more accurate.
LFG!!
BITCOIN Weekly Outlook 05/02/2024Hello guys,
great week to everyone.
So my view on BITCOIN didnt change in last days.
I think the IDEA from last Update is still in play.
But - Im staying alerted, since trading range is getting squeezed into tight range, so I would be expecting highier tide of volatility to come sooner rather then later. For this reason, I would again suggest to EVERYONE to use STOP LOSS.
Reason why Im somewhat "alerted" is - longer we stay in highier price range, without moving further down, in my view, it increasing chances of our idea to be WRONG- and as stated in big Q1 update, until FED start cutting, or somethiing going significantly wrong, market will go highier with time... So this would invalid our view.. BUT UNTIL IT HAPPEND we need to suggest that Sellside liquidity is the 1st target before potentional continuation of move upside since that how chart present itself after meeting...
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
Bitcoin is Going DOWN!!!Bitcoin trades just like any other asset class in the sense it seeks Liquidity and Imbalances from the highest to lowest time frames. Typically we gauge liquidity zones from the monthly and weekly time frames. These areas in the markets are our weekly and monthly target zones aka runs on liquidity. These liquidity zones tie in with filling 4 Hr, daily, and weekly imbalances. Once you get trend direction from the monthly you begin to tag your monthly, and weekly targets. We know our standard deviations are birthed from our Dealer Range. Always use the previous day's dealer range and standard deviations when trading Crypto. Typically price tags the 3rd or 4th standard deviations and reverses. Look for weekly and daily targets inside of your standard deviations. They are very precise targets down to the pipette. Always factor in the spread with bitcoin as it is typically very huge. Always trust your set up. Never over leverage. Have a awesome week of trading! - I AM MASTER JEDI & MENTOR at #SniperGang