Rumors of Bitcoins demise have been greatly exaggerated. Bitcoin is now out of a bear market and is in it's initial phase of the bull market. That's not what the news is saying. The news says the worst is yet to come, I don't agree. Let's have a look.
First, the green and red zone is Gaussian Channel. It turns red in bear markets and green in bull markets. Once it turns green it stays green for the entire bull market. Well sir, it's not green, it's still red. Yes this is a lagging indicator, by the time it turns green bitcoin will be preparing to enter the next phase of the bull market.
Down below we have the crypto fear and greed indicator. I have drawn a yellow line where the support for this indicator should most likely stay the entire bull run. The corrections should go to the NEUTRAL area of 47. It is possible for it go lower like 46 45 in fear but It should recover quickly. A substantial break of this zone would likely mean the bull market is over.
How do we know all this stuff? How can we verify it? WE would look left on the chart. History may not repeat exactly, but it does rhyme.
This is my analysis of the bear market transitioning into a bull market. From last September I was calling for the Bull market to start in March of 2023. Look a the break out candle. Mid March, NAILED IT!!
We can see when prices fell in November that the fear and greed was actually rising creating a bullish divergence.
I don't expect prices to fall below into this yellow shaded section again. That doesn't mean it can't, if it does, it will not last long in my opinion. It will get bought up very quick.
Please feel free add comments or ask questions down below.
Thanks for looking
WeAreSar0shi
Bitcoinlong
The bear trap is set. The 2023 bear trap
AS we can see on January 20th Bitcoin broke the down trend it has been in for over one year now. Recently the resistance was tested and was made in to support as Bitcoin took a strong bounce off of it. WE can clearly see this in the chart with the highlighted oval.
Above that we have the bear trap zone and the fomo zone A break and hold of the 25.4k level leads to the setting of the bear trap. This bear trap zone goes all the way to 32k above that is the fomo zone and it goes to 47k and possibly even higher. These ar eth e levels to look for in the coming weeks.
Another thing of note to look for is that Bitcoin could retest the break out zone at a later date {shown with the blue arrow} and as long as it holds it could then lead to the bear trap.
What to look for
The RSI will be a dead give away on what move comes first as I have drawn the down trend that it is in at the moment. If this should break above the down trend then it will do with the price and confirm the move.
Thanks for looking
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WeAreSatoshi
Stay blessed in 2023.
BTC DAY RETEST TO 48KThanks for reading this update.
BTC seems to have a new volume on the technical view for the coming hours.
Idea range 24H-48H
BTC has in the last hours stable movements since correction from the 48.9K Trend.
Interesting to see if BTC will make a new high volume in the coming hours which will bring BTC back to 48K.
This is not a long-term update, but more of a day update.
Good luck to all traders, and Always remember to use risk management.
This update is not trading advice, since we are not able to know 100% where the market is going, this update depends on technical data.
[Watch] MARA versus Bitcoin 6️⃣4️⃣| Year to date:(3,42%)What is going on Team NASDAQ:MARA
Let's go over this chart 6M candles.
The idea is to have a map and an idea of what is real and not doable.
Can it move up 45$ in the next 6 months, yes it can because the asset did move that number before.
Remember until my next video...
Above All and All-in-All; God Bless America
J.R. Jaén
Risk Disclaimer:
1. Past Performance is not indicative of any future performance.
2. Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3. I can and will have a position in MARA anytime because I like the stock and company.
4. Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so.
5. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without buying BTC directly or investing 40,000 dollars immediately.
[Watch] MARA versus Bitcoin 6️⃣3️⃣| Year to date:(3,42%)What is going on Team NASDAQ:MARA
Thank your for those coins, still if you can help someone in need, please do so.
There are so many sisters and brothers hungry, if you can help with some food, please do that.
Thank and humble for your appreciation.
RSI monthly view shares how far we are from any extreme overbought condition.
Also, the powerful monthly 20EMA describes a change in character and now this trend is up for Marathon Digital Holdings.
Lastly, MARA's Overview if you go to the All-Time is red 75% when that red goes green, then the ASYMMETRIC will be gone and yes, we might make money, but not crazy.
Keep these notes close to your hearts...
Remember until my next video...
Above All and All-in-All; God Bless America
J.R. Jaén
Risk Disclaimer:
1. Past Performance is not indicative of any future performance.
2. Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3. I can and will have a position in MARA anytime because I like the stock and company.
4. Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so.
5. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without buying BTC directly or investing 40,000 dollars immediately.
[Watch] MARA versus Bitcoin 6️⃣2️⃣| Year to date:(2,48%)What is going on Team NASDAQ:MARA
I shared J.R.'s Roadmap and today I am sharing "The Map"
Remember to take profits on the way up.
I believe, You Believe, We Believe; go Team MARA
Remember until my next video...
Above All and All-in-All; God Bless America
J.R. Jaén
Risk Disclaimer:
1. Past Performance is not indicative of any future performance.
2. Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3. I can and will have a position in MARA anytime because I like the stock and company.
4. Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so.
5. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without buying BTC directly or investing 40,000 dollars immediately.
SEC's Jan 10th BTC ETF deadline ("buy the rumor, sell the news")The adage "buy the rumor and sell the news" might apply to Bitcoin with BlackRock and Fidelity’s potential Bitcoin ETF approval on the horizon.
In the event that the SEC denies the ETFs, market participants might eye downside targets below $41,500 and $41,250 if we get a wild swing to the downside.
Conversely, approval from the SEC may pave the way for an immediate targets of $48,250 and $48,700, with a sustained bullish sentiment propelling trading into the 50-55K zone. However, lingering questions persist about the market's reaction, raising the possibility of countering recent optimism and lending credence to the "sell the news" adage.
Bloomberg reports suggest that approval for Bitcoin Spot ETFs could materialize as early as this week, with the SEC's decision deadline set for January 10. Insiders speculate that the regulator might leverage this deadline to announce decisions on nearly a dozen Spot Bitcoin ETF applications simultaneously, including those by BlackRock and Fidelity.
BTC Bitcoin Potential ETF approval this week Some of the biggest asset managers on the entire planet are going to release a BTC ETF:
Blackrock $9.3 Trillion
Fidelity $4.5 Trillion
Franklin Templeton $1.53 trillion
Invesco $1.5 Trillion.
BlackRock expects Bitcoin ETF approval on Wednesday, in-line with Bloomberg's January 10 deadline.
I expect the approval to a buy the rumor, sell the news event.
Employing the strategy of "buy the rumor, sell the news," traders strategically capitalize on market movements by entering positions based on speculative information. This approach involves opening positions on rumors and closing them when the anticipated news is officially announced, typically resulting in a profit.
However, a retracement, probably to FWB:36K , would be a buying opportunity for a year-end rally, in my opinion.
RIOT Breakout! 33% Gain potential RIOT is basically a crypto mining company.
Bitcoin right now is breaking to highest levels since 2022.
RIOT's balance sheet is positive with more assets than debt.
RIOT recently spent 290 million USD on purchasing new and advanced bitcoin mining rigs as well as a contract to buy a lot more of those in the future with MICROBT.
Technicals show breakout after breakout, with a fresh breakout recently above 13.80.
Stop loss is placed below second horizontal support around 12.50.
Take profits are allocated around key resistance levels on the way up.
Indicators show bullish momentum with plenty more fuel to go.
This is a potential swing trade.
Best of luck and feel free to ask questions!
BTC Update - 06.01.2024 / 4 setups in one timeI don't see situations in the market at the moment, but the picture on bitcoin is very interesting, I see several situations for entry on it.
1 hour chart: almost filled the 4 hour imbalance and accumulated liquidity on both sides, from which I would watch the reaction.
Long POI:
- Compression (41920): in the moment would watch the performance of the off on the ltf and decide to enter.
- Key low (40333): here I would also wait for the Long order flop on ltf to nucleate and then take a position.
Short POI:
- Equal highs + FF (44840.8): everything is the same only shorted.
- Key High (45950): I would be careful with this zone of interest, I would take a position only if the structure breaks at 30m and above.
Not a financial advice, always observe the risks and watch the reaction in the points of interest and only then make your entry into the position!