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#Bitcoin - thoughts out loud #13Good evening, we are from Ukraine! Dear colleagues, I am glad to welcome you! I like the situation with this instrument because it is schematically similar to the distribution phase, but there is one thing: the distribution is false and a significant markup of up to 35,000 is likely to be expected in the near future. I may be wrong, but this is my subjective vision, my thoughts out loud. It's also worth keeping a short-case scenario in mind. Good luck to everyone, all the best. Thank you all for your attention, I wish you success. Sometimes you win/sometimes you learn. #Bitcoin
Long
by WVitalievich
Bitcoin -> Finally Ending The Consolidation!Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪 A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected. You can also see that Bitcoin is approaching the weekly support trendline of the obvious rising channel so also from a weekly perspective everything is pointing towards more continuation towards the upside. Looking at the daily timeframe you can also see that Bitcoin is retesting daily structure which is now acting as support and also retesting the 0.382 fibonacci retracement level so I am simply waiting for a bullish rejection and then I do expect a massive daily push towards the upside. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
COINBASE:BTCUSDLong
by basictradingtv
25
A new lost decade of stagflation is comingYou better get used to working hard, because the days of easy magic fairy dust money are long gone after 40 years of mania. The following scenario is going to make wallstreet very angry and I'm sure a lot of retail investors are going to be forced to give up and start working longer hours to adapt to an expensive already inflated life that just won't lower prices anymore, while at the same time, record high interest rates have already made it much harder for everyone to access bank loans and 0% credit cards. From Japanese herbivore men to Western Men Going Their Own Way, Japan during the 80s and 90s is the textbook play for the world to follow. What is usually known as "depevelopment" is actually a 4th stage of population growth/flattening that will surely lead to a global ageing population or demographic and pension crisis in the coming years and decades. So technically, there won't be any great depression like 1929, and there won't be any hyperinflation either (except for a few failed states in Latinamerica of course), A recession is not as boring and as predictable, as an eternally long stagflation, which is the most hated but necessary scenario to push foward out of so much debt.
TVC:GOLD
by axelrodd
1
Bitcoin Bollinger Bands at Their Tightest - When Is Next Breakou The Bollinger Bands for Bitcoin have tightened significantly, indicating a potential upcoming breakout. As a fellow trader, I thought you might find this development interesting. For the uninitiated, Bollinger Bands are a widely used technical analysis tool that measures volatility and potential price movements. When the bands tighten, it suggests that a significant price movement may be imminent, as the market tends to contract before expanding again. I'm writing to you because Bitcoin's Bollinger Bands are currently at their tightest level in recent times. This tightening pattern often precedes a substantial breakout, and it has piqued my curiosity. I can't help but wonder when this next breakout will occur and in which direction. As traders, we are constantly seeking opportunities to capitalize on market movements, and a breakout can present a chance for significant gains. Staying vigilant and prepared for such events is crucial, so I wanted to share this observation with you. Given your expertise and experience in trading, I would love to hear your thoughts on this matter. What is your analysis telling you? Do you believe a breakout is imminent? If so, which direction do you anticipate Bitcoin's price will move? Sharing insights and opinions among fellow traders can often lead to valuable discussions and enhanced decision-making. Let's closely monitor Bitcoin's price action and Bollinger Bands together. I encourage you to share your analysis or any other indicators you may be following that could shed light on the potential timing and direction of the next breakout. Feel free to comment, as I'm excited to hear your perspective and discuss this exciting development further.
BITSTAMP:BTCUSD
by bryandowningqln
2
XRP versus Bitcoin - How to play one off the other XRP / BTC – Weekly Performance Time Analysis A stark realization looking at this chart is just how long bear periods are for the XRP/BTC pair suggesting that you are better to hold BTC until a buy trigger event occurs for XRP. The POC is a vital area to watch (explained in the chart). If we find support above/on it, we have room for major upside as there is little to no price volume above it. If these two points above is all you take from this chart, GREAT! More below… Buy into XRP Trigger Events: - Test of lower diagonal trend lines - Break above and retest of POC as support - Bear periods lasting longer than 23 weeks means start paying attention for buy opportunities - Break above 20 week SMA (means pay attention also) Sell into BTC Trigger Events - Test of upper diagonal trend lines with rejection - Hitting the POC resistance would be a sell event for me, it will very likely be stiff resistance. You can always re-enter once we find support above it and you can always leave something small on the table to keep you interested. - Bull periods lasting longer than 7 - 10 weeks be cautious (take some profits). We are here now. - Break below the 20 week SMA has not been good for XRP most the time, also if it acts as resistance or if price oscillates around it when is downward sloping, the outcome is typically not great. Bull and Bear Time Frame Determination: I have done my best to use any >15% candle close above the 20 week SMA as a bull period. I have also tried to use common sense to try and determine downward or upward price structure…so some of this chart is my interpretation of bullish versus bear price action. However I think the general trend(s) are there to see. You can make your own interpretations also. The chart after all is only to provide some assistance in your trade, maybe help reach a decision, one way or the other.
by PukaCharts
Bitcoin Weekly Script: Surge, Fall, Oscillate, then Moonshot!BINANCE:BTCUSDT Bitcoin is currently priced at 30051, with four consecutive weeks of horizontal movement at a high level with insufficient volume. We still need a surge in trading volume to push the price. I am more inclined to believe that with increased volume, the price will surge to around 34322, a typical market behavior to lure bulls! Then the bears will exert their strength, gradually suppressing the price to the strong support level of 25175. During the period when people are hesitating whether to be bullish or bearish, the market will oscillate, and the chips will be fully exchanged during this period. Then, the bulls will lift the price sharply to the resistance level of 39600, completing a large cycle structure since the bottoming in November 2022!
Long
by IMBTCKING
#Bitcoin - thoughts out loud #12Good evening, we are from Ukraine! It is quite possible that the situation may develop in order to confuse traders, because flat movements in the market are quite a profitable business, but they have their own price that will have to be paid for their early decision. The reward will be an impulse movement after the accumulation/distribution is completed. I observe a sufficient number of locked-in traders who hope that the price will go in the direction of the desired take profit, but not everything is so simple and unambiguous. Thank you all for your attention, I wish you success. Sometimes you win /sometimes you learn . #Bitcoin
Long
by WVitalievich
BTBT- 500% YTD Pullback for Long EntryBTBT, a stock with cryptocurrency mining activities, has been on a long sustained trend up this year of 500% reflecting the crypotcurrency recovery and resurgence. In the past week, it has pulled back and is now setup for an entry. This stock is similar to RIOT and MARA but with a lower price and market cap. It had been trending along the second deviation line above the long-term VWAP anchored at the beginning of the year. The pullback to the first deviation the line above VWAP allows for an opportunistic long entry. The ascending amplitudes of the K /D line excursions on the MACD indicator are confirmatory for the bullish momentum. I will take a long trade here expecting a 50-100% return over the slow trading of the remainder of the summer. I believe this will further diversity the portfolio by exposure to the crypto sector.
NASDAQ:BTBTLong
by AwesomeAvani
#Bitcoin - thoughts out loud #11Good evening, we are from Ukraine! The current situation has several options. Market participants should expect both a long scenario and a price decline (in my opinion, this is more realistic) to test the supply with a subsequent markup of the asset. That is, the price has been in the range of 29500-31500 for 16 days, and next week will confirm whether it is accumulation or distribution. In any case, professional operators will arrange an artificial price reduction for the hike upwards (3 percentage points are marked on the chart). The instrument should show strength in price: 1)28700 - 28800. 2)26700 - 26800. 3)20700 - 20800. If there is no activity of professional operators at these prices, it is possible that the price will fall even lower. Thank you all for your attention, I wish you success. Sometimes you win /sometimes you learn . #Bitcoin
by WVitalievich
Urgent Notice: Bitcoin Price Dips Below SMA 50 and SMA 100As you may be aware, the Bitcoin price has recently dropped both the Simple Moving Average (SMA) 50 and SMA 100 below, indicating a potential shift in market sentiment. The current state of the Bitcoin market demands our utmost attention and prudence. Acknowledging the significance of these indicators is crucial, as they often serve as reliable signals for assessing market trends. While we cannot predict the future with certainty, it is essential to exercise caution and evaluate the potential implications of these technical indicators. In light of the Bitcoin price dipping below the SMA 50 and SMA 100, we strongly advise you to pause your trading activities temporarily. Taking a step back during uncertain market conditions can help protect your investments and minimize potential losses. By refraining from trading now, you can gain a clearer perspective on the market's direction and make informed decisions based on a more comprehensive analysis. We understand that pausing trading can be challenging, especially when the market is filled with excitement and opportunities. However, it is crucial to prioritize risk management and the preservation of your capital. By temporarily halting your trading activities, you can avoid making rushed decisions driven by emotions and ensure you are well-positioned to capitalize on future opportunities. As seasoned traders, we know that patience and discipline are the key ingredients to success in cryptocurrency trading. Taking a cautious approach during uncertain times demonstrates your commitment to long-term profitability and sustainability. Please remember that this email serves as a friendly reminder, not as financial advice. It is always recommended to consult with a qualified financial advisor before making any trading decisions. In conclusion, we urge you to take a moment to reassess your trading strategies and consider pausing your Bitcoin trading activities temporarily. Doing so can protect your investments and navigate the market with a clearer perspective. Remember, during challenging times, the most successful traders rise above the rest.
BITSTAMP:BTCUSD
by bryandowningqln