Amazing Unseen BTC Short Setup / Fake Breakout of WedgeThis Chart makes a lot more sense on the daily because the breakout on daily 1 candle
Daily Chart Here:
However the rejection and inability to clearly breakout of 41,639 made me want to post this as it could possibly be a fake breakout from the rising wedge on the daily chart.
I was positive if it hit 41.6K it sky rocket... but it doesn't look to be that way, but time will tell
Resistance 41.6K
Old Resistance - Wedge Line 39K ish follow the cahrt
Older Resistance - 37.9K
Bitcoinlong
Spot Volume Drives BTC Rise – Time to Long!We are about to witness an exhilarating ride, and I don't want you to miss out on the opportunity to long BTC.
Spot Volume: The Driving Force behind Bitcoin's Rise
In recent weeks, Bitcoin's price surge has been primarily fueled by spot volume, which refers to the buying and selling of actual Bitcoin on cryptocurrency exchanges. This is a significant departure from previous rallies, where futures trading often played a more dominant role. Spot volume indicates a strong demand for Bitcoin from traders and investors who want to own the real asset, rather than just speculating on its future price movements.
Why is this important? Well, spot volume-driven rallies tend to be more sustainable and less prone to manipulation. They reflect genuine market sentiment and confidence in Bitcoin's long-term value. This shift signifies a maturing market and sets the stage for a potentially explosive upward trajectory.
`
Now, more than ever, it's crucial to seize this moment and position yourself for potential gains. The spot volume-driven rally indicates a growing belief in Bitcoin's value proposition and its ability to act as a store of value and hedge against inflation. This sentiment is shared by both institutional investors and retail traders alike, creating a perfect storm for Bitcoin's ascent.
So, what's the call-to-action? It's simple – long BTC! Take advantage of this exciting market trend by strategically entering long positions on Bitcoin. With spot volume driving the rise, you can have confidence in the market's support and the potential for sustained upward momentum.
Whether you're an experienced trader or just starting your crypto journey, this is an opportune time to capitalize on Bitcoin's rise. Remember, timing is crucial in the world of trading, and spotting trends early can lead to exceptional profits.
Don't Miss Out – Act Now!
The crypto market is buzzing with anticipation, and the time to act is now. Don't let this thrilling opportunity pass you by. Take advantage of the spot volume-driven rally and long BTC to potentially ride the wave of Bitcoin's rise.
Bitcoin Near-Term Price TargetFuelled by its imminent ETF approval, Bitcoin broke past resistance at $28,000 and has seemingly begun a new bull market. For those of you who got in on this move, myself included, I have identified what I think will be a temporary top and a good place to take profit within the next 1-2 months.
On the 1W timeframe we can see the cloud edge to edge trade is in progress and typically price will reach the flat line at the top of the cloud, which is at about $42,000. This level is the 50% fibonacci retracement of the previous bull market high in November 2021, and the bear market low in November 2022.
Additionally the level roughly coincides with the top of the monthly bollinger bands which will act as resistance. Of note is that the bollinger bands are in the process of squeezing together, which occurs prior to a high volatility move.
Once we hit the $42,000 area and the ETF approval is officially announced, I expect that there may be a sell the news event as we have already been pumping on the rumour. Then there will be sideways for a few months until the halving. New chart patterns will likely form during this period, which will provide an opportunity for re-entry and a continuation of the bull market.
I would be fibbing if I told you it wasn't going to $150k
ETF will have a sell the news
Halving will have a sell the news
Retail will enter in late 2024 when we push past old ATH
People will sell $100k early, and it will cruise through this level
Laser eyes will get greedy and focus on $200k
We will top out, and the cycle we restart
TOP AT OR ABOVE THE 2.618 extension on he weekly like every cycle
Shibe out!
[Watch] MARA versus Bitcoin 5️⃣7️⃣| Year to date:312,05%What's going on Team SKILLING:US100 : MARA
Avoid margins, and do not ask for money to buy your shares.
Let's all be better, get a 2nd job, and save money so you can invest in this opportunity.
I know there are other mining companies in the US, but Marathon Digital Holdings is still my favorite because I think they are making the effort to cut their energy expenses, and that matters the most when it comes to mining
BTCUSD
Let's congratulate the new Pine Wizards Tradingview in 2023.
They have many great tools to enhance your trading and maximize every opportunity.
Let me share the link with you:
www.tradingview.com
Until my next video...
Above All and All-in-All, God Bless America :)
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading 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.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never 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. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need to in NASDAQ:MARA o invest 20,000 dollars immediately.
Bitcoin Peaks at $42,000 - What's Next? Bitcoin Peaks at $42,000 - What's Next?
In a new surge of momentum fueled by widespread optimism that the U.S. securities regulator may soon approve a spot bitcoin ETF, Bitcoin briefly surpassing $42,000 to reach a 20-month high.
There is a sense of optimism in the space regarding the potential approval of a bitcoin exchange-traded fund (ETF) by the U.S. securities regulator. Such approval would likely enable a new type of investor to enter the cryptocurrency market through the regulated stock exchange, leading to an influx of capital into the digital asset. In October, SEC Chair Gary Gensler alluded to the agency's consideration of up to 10 bitcoin ETF filings.
Additionally, falling inflation in the US is making higher-risk assets such as Bitcoin more attractive.
This sounds like a certain bullish environment, right? Well... nothing is certain in crypto so some downside projections might be appropriate to consider too. So, with that in mind, the gap on Sunday still needs to be filled, starting with approximate prices at $39,600 and $39,000.
BITCOIN REVERSAL RISING WEDGE - DONT MISS THISWhat is a Rising Wedge? What helps us look at it and confirm it?
✅ Upward Trend: The pattern typically forms during an upward price movement.
✅ Converging Trendlines: Both the support and resistance trendlines slope upwards, but they converge as the pattern matures.
✅ Volume: A declining volume accompanying the formation often strengthens the pattern's bearish signal.
✅ Breakout: Confirmation of the pattern occurs when the price breaks below the lower support trendline, where we short
I've been calling this reversal since November 17 on X
WHO AM I?
- New to chart here, but a20K Followers on X @dogdaddevan constantly posting
- MEXC Official Partner
- I bought ATL SHIB Nov 2020 (only vol that day) and sold early like a bozo.
Bitcoin LongBTCUSDT Chart Analysis
Data
The chart analysis was conducted using weekly charts of the BTCUSDT price from 2011 to the present.
Technical Analysis
A clear uptrend is visible on the weekly chart. The BTCUSDT price has risen in 2023. The resistance level of 32.000 was reached on Jul 2023, but not exceeded. Since then, the price has declined and has now stabilized in a sideways movement.
Big Cycle Analysis
A statistical analysis of BTCUSDT prices shows that there have been regular cycles in the past where the price has risen by 50% to 100%. These cycles typically lasted about 1.5 to 2 years.
The current uptrend began on Jan 2023, which is about 10 months ago. It is therefore possible that the BTCUSDT price will experience another rise in the next weeks.
Prediction
Based on the technical analysis and the cycle analysis, it is likely that the BTCUSDT price will continue to rise in the next weeks. The resistance level of 32.000 could be overcome this time, which could push the BTCUSDT price up to 36.000.
Probabilities
The probability of a further rise in the BTCUSDT price in the next 2 weeks is estimated to be 70%. The probability of a decline in the price is estimated to be 30%.
Risk Warning
It is important to note that any investment in cryptocurrencies carries a high risk. The predictions should therefore be understood as only indicative.
Visit our website for your trading edge! Discretionary and algorithmic trading is our day-to-day business.
BTC Shows Positive Awesome Oscillator and RSI Signals!I am thrilled to share with you some positive indicators that have recently emerged for Bitcoin (BTC), which may present a lucrative opportunity for potential gains.
Firstly, let's talk about the Awesome Oscillator (AO). It is a technical analysis tool that measures market momentum, specifically the difference between the 34-period and 5-period simple moving averages. The Awesome Oscillator for BTC has been displaying a remarkable upward trend, indicating a strong bullish momentum in the market. This is a positive sign for those considering entering a long position on BTC.
Moreover, the Relative Strength Index (RSI) is another powerful indicator that measures the speed and change of price movements. BTC's RSI has recently shown a significant surge, crossing the threshold into overbought territory. This suggests that the buying pressure has been consistently strong, potentially leading to further upward movement shortly.
With these positive signals from both the Awesome Oscillator and RSI, it's hard not to feel optimistic about the potential for BTC's price to continue its upward trajectory. As traders, we need to seize such opportunities when they arise.
Therefore, I encourage you to consider taking a long position on BTC currently. However, as always, it is crucial to conduct your own thorough analysis and risk assessment before making any trading decisions. Remember, the cryptocurrency market is highly volatile, and it's essential to stay informed and exercise caution.
If you're interested in exploring this opportunity further, I recommend keeping a close eye on BTC's price movements and monitoring any additional positive indicators that may emerge. Timing is key, so be sure to stay vigilant and act accordingly.
I hope this news brings a smile to your face and ignites a spark of excitement within you. Let's make the most of this potential opportunity and continue to navigate the cryptocurrency market with enthusiasm and positivity!
Wishing you happy trading and successful ventures ahead!
Bitcoin Hits Target Range: From $27,800 to $40,900🚀🚀🚀Exciting news for Bitcoin enthusiasts! As anticipated, Bitcoin has successfully achieved our projected targets, soaring from $27,800 to an impressive $40,900. This remarkable performance underscores the cryptocurrency's resilience and potential for substantial gains. Stay tuned for further market insights and potential opportunities. 🚀 #Bitcoin #CryptoSuccess
Get Ready for an Exciting BTC Upswing! 🚀I couldn't contain my excitement as I analyzed the most recent weekly Bitcoin (BTC) chart, which hints at an imminent upswing that could bring substantial gains. So, buckle up, and let's dive into the details!
As we all know, BTC has been consolidating within a wedge pattern over the past few weeks, exhibiting a narrowing range of price movements. However, the latest developments have me feeling particularly bullish about the future. The wedge is reaching its apex, indicating that a significant breakout is just around the corner!
The beauty of wedge patterns is that they often precede explosive price movements, and this one seems no different. The narrowing range suggests that the market is preparing for a strong move, and history has shown that these breakouts can lead to substantial gains for those who seize the opportunity at the right time.
Now, let's talk about the call-to-action that could potentially change the game for your trading portfolio. I strongly encourage you to consider going long on BTC to anticipate this upcoming upswing. By opening a long position, you position yourself to benefit from potential price surges and maximize your profit potential.
Remember, timing is crucial in the world of trading, and this could be the perfect moment to take advantage of the market's momentum. As always, it's important to conduct your analysis and assess your risk tolerance before making any trading decisions. However, given the current market conditions and the promising wedge pattern, it's hard not to feel a surge of excitement about the potential gains that lie ahead!
So, my dear traders, seize this opportunity and make the most of this potentially game-changing upswing. Keep a close eye on the BTC charts, set your entry and exit points wisely, and let's ride this wave together!
BTC To $38830/highr or $37,500/lowerSo for waiting on either of 3 specific scenario to happen before taking an entry. It's a more refined strategy combining some keys things that provided me with high probability setups.
1. For long scenario my target would be $38,830 or as high as $40k. So wouldn't immediately close at $38,830 but would take 50% profit for sure. Entry would be around current price after I see a particular confirmation.
2. For 1st short scenario .
Entry around $38,700 area after a particular confirmation and target $38,200
3. Or Short Entry under $38,250 if bulls fail to hold and target $37,500 or lower
All scenarios offer Great risk to reward of at least 3:1 with good stop placements. No, need to go lower for sniper entry, if anything I'll go higher tf to glance at what's happening overall and just to keep in mind amount of time left in a particular htf candle but main focus will be on 30 minute tf.
Also, I purposely hide some stuff from my chart but no indicators, just some things I don't feel comfortable revealing. Call it gate keeping or whatever. Anyone trading for a good while might have a clue.
Risk for these trades is 0.25% Right now, I tend to size down from .5% If I have a few back to back losses and size up to max 1% when things are going well. So for all those people who think I'm going to get liquidated because of a few trades, am not your guy lol, I'll be here for a while Mfers.
Also Important news happening now. With a few more to come. So careful might get violent spikes.