BTC scenariosHello everyone,
Which one will it be?
BTC is on the verge of an important decision. Will BTC complete the HnS and Head to 42k? Or will BTC bounce from the support and break the HnS creating a strong reaction that will bring it to 56-58k?
Most of the oscillators and momentum indicators are flashing oversold. However, if we look at the volume, every bounce from 46500 was with drying volume, which is a bearish indicator. Will the volume increase on support to signal a breakout or, will it be a fakeout? Considering the indicators, there is a reasonable probability that the HnS continuation will fail. However, the best play is to wait.
Wait for a confirmation sign (breakout of the neckline 46500 or break out of the head to right shoulder resistance at 50k).
It is always best not to be surprised.
If we bounce convincingly from the support, it will be a good sign of a reversal. If we open and close on the 12h below the 46500, it will be a good sign that 42k is coming.
Stay safe
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Bitcoinmarkets
Bitcoin, What is next?Hello everyone,
In this video, I am going through my thinking process when looking at the current Bitcoin structure.
Hopefully, this will help you learn to create a strategy and a thinking process that is unique to you.
If you follow other traders' ideas, you will likely lose money nine times out of 10.
Why?
Because each of us has a different plan, risk management strategy and capital size.
So think for yourself. However, the best thing you can do, if like me and money other you have lost money due to poorly managed trades, is to educate yourself...Knowledge is power, practical, and you will be able to use it every time you need it.
Remember, opinions and confirmation bias in markets is the death of traders. Accept to be wrong to save your capital.
FOLLOW ME, SHARE, LIKE, and COMMENT if you enjoyed the video.
Which Way BTC ⁉️BTCUSDT | Weekly:
One major lesson this week is looking at Bitcoin bigger picture. See what the macro charts are saying, they give clearer path, and predict possible drops or rise. The recent drop was clearly inevitable based on these macro data.
Before we see another ATH for bitcoin is estimative 21-24 Weeks out. 5 - 6 Months out. That is definitely Year 2022!!
ANALYSIS:
** Golden pocket bounced nicely in last drop
** Confluence at these area with weeks-long old support
** Short-time move upward was rejected at the "mild resistance" //MA 20 confluence
** Bitcoin is expected to continue consolidation in the current range
Worst Case Scenario:
***** Because Bitcoin is a play tool for the whales, I do make allowance for exceptions
** If GP , current Support is broken by any means, Fib .786 is the ultimate reversal point. This is at $37k BTC .
It will be reasonable to trade smaller TFs this period for day traders . HODLers will have to wait long time for another ATH.
Follow 🚶 @CryptonKidd for unbiased analysis and insights on Altcoins.
Check linked analysis on former analysis where I warned of this crash danger:
Bitcoin recovery or doomed?In this video, I am diving into a long term analysis, and I explore the different possible scenarios to help you better understand the market structure.
Bitcoin may seem very bearish, but...is it?
I am thrilled to know your opinions. Comment below with your chart or explanation, and tell me what you think.
The exchange of constructive ideas can only enrich our knowledge and see essential things from different angles.
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BTC dumpHello everyone...dark day for the crypto market.
The analysis of today will go through a couple of scenarios and my plan depending on the following BTC price action.
I believe this is one of the best videos I have ever made. Hence I suggest you watch it.
I hope this will help you have a better idea of what is going on and have a better plan!
Remember, these are my ideas...any of my posts are explaining my few, and you should always do your own research as I do not dispatch financial advice...ever.
Bitcoin Correction Same Like My Analysis. Where is Reversal?Bitcoin correction same like my analysis. Here is the strong support to reversal.
Bitcoin correction finally touch Fibonacci area 0.618 (51627.94) and touch the strong support area around 51k-53k.
It indicate the support and reversal. Bitcoin need to make higher low and fill the gap that's why there is correction there.
Wait for break out to take long position.
Look my previous ideas here:
note: do your own research before trading.
BTC's price still roaming between 56k & 58k, Important zone. Since we reached 69k, the price seems to be under a small downtrend. I know this doesn't change the bullish tendency.
It feels like Mr. Jerome Powell's speech has been translated into a slow down for BTC, and it couldn't jet find his way out and get back to that comfortable 60k again. I HOPE we see that ASAP.
I would love to see BTC get close to the MA50 and on and on and on...
BTC short squeeze?Here is a simple chart.
These are the leverage and non-leverage short positions on Bitfinex.
On-chain analysis suggest that the leverage position is at an ATH, however, there is no way to know whether are long positions or short position.
considering
- fear and greed index extreme fear (21-30) in the market
- whales accumulated 2.36 billion in the last 2 weeks
- MicroStrategy bought an additional 400 mil BTC
- BTC exchange reserve all-time LOW
WHAT HAPPENS NEXT?
- SHORT SQUEEZE
- LONG SQUEEZE
COMMENT BELOW WITH YOUR ANSWER (explain if you like)
(BTC) All Is WellReasons traders are sweating in their seats right now:
A: They have no sense of historical pattern or data recognition.
B: They have not learned the fine art of hedging and proper risk management, and therefor have not left 50-70% allocations in cash for the buying of crashes with conservative incremental buy limits set 5-10K spaced apart.
C: They are greedy and impatient in thinking that using anything above 3x leverage near a cycle high is the right thing to do.
4: They are self-focused with no support system from long-term traders, or they surround themselves with inexperienced traders. After all, we become what we surround ourselves with.
5: They do not understand the Black Swan concept and believe in a world where things always play out in accordance with their selective vision or historical data.
6: They have not invested in the most important asset of all (mental field + emotional objectivity) through daily meditation practice/retreats in the development of an equanimous field and non-attachment.
Huge BTC signalIn this video, I talk you through an important bullish sign that BTC painted after this breakout. A new all-time high is coming, do not miss this video...life-changing honey is comiiiing.
Just to add few words...I do not expect BTC to retrace. However, if there is a small healthy dip, I believe BTC will touch the 50 k level and resume the trend stronger than ever. This would be a classic break and retest and an excellent Buy opportunity. However, I believe you already lost this short term buy opportunity, but do not worry. More is yet to come. We should push to 60k in the next 1 to 2 days.
Do not miss significant updates. FOLLOW ME, SHARE, LIKE AND COMMENT.
BTC Weekly Move to the Downside ImminentCurrently, Bitcoin has had some weak bull volume with multiple attempts to break out of the upper 40s and 50s. Most, if not all, attempts have met heavy resistance as bears have consistently held those levels. Despite the fundamentals of bitcoin and cryptocurrency being overall positive the news from China tightening their grip on anything related to cryptocurrency has affected the market as Chinese miners and traders unload their bags. On the other hand, the West has been slowly opening up to crypto with developments focusing around more mediums of access across different platforms.
On a more positive note, RSI and MACD have essentially been reset to a more neutral status. Additionally, the 50 EMA and 200 MA have been playing catchup with the 50 being around the $33.2k price point. Overall, volume has been low on both sides but if this Weekly candle does not close above the 24 EMA I believe we will make a move to the downside.
If we move to the downside, $37k would be the first major support level. Should that not hold over the course of a week or two, I expect another flush to the 50 EMA. Best case scenario, the 50 EMA acts as support and bulls can then reconsolidate and make a move for the 24 EMA as it'll have turned into resistance.
To wrap this all up, I do not foresee us making a move for new ATH's until the winter at the earliest with the early spring being my ideal target. Either way, I am accumulating and setting up ladder buys.
BITCOIN DAILY D1 after bitcoin fall away and touch big resistance below, that's make sideway down trend. So we should wait until a confirmation for the continue bear trend or bull trend. If bitcoin still make a downtrend wait till the price below 42K and breakout that's mean will continue bear trend, if not we wish bitcoin were bull trend
Bitcoin still a sell 👇🤷♂️❓Is bitcoin still a sell?
Who knows with this volatile instrument!
All I know is I'm happy to trust my back tested strategy.
Entry details are shown on the chart.
Working the 2H time frame on this strategy.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
Bitcoin heading to break 54000 as resistance levelFrom the chart Bitcoin heading to break 54000 as new resistance level , to continue uptrend BTC should trade above 47000 as support level .
Be careful traders .. and good luck .. cheers !!
This is for educational analysis not financial advice , and you need to do your own research.
Bitcoin 2300+ In Profit SetupGood day guys! If you were able to enter into this position, you are 2300+ pips in profit. Another phenomenal call. Be sure to move your stop loss into profit. I still do see there is a lot of downside to go, however, nothing goes straight up or straight down. Well I do appreciate you for checking out our post and remember, we will see you on the other side.
Rodrick Goss (CEO)
Third Eye Traders
BITCOIN is Pumping! Entry Levels For Cryptocurrency Bull Market!Bitcoin has been enjoying a great bull rally from the 29K bottom. It is now running into daily resistance at 42K and meeting some expected resistance. If price is able to convincingly break and close above this zone, then there is a high likelihood that price will be heading to retest the previous ATH of 65K and establish a new high. In the meantime, price might struggle or consolidate here for a bit, which could also be quite healthy given that price has been rallying for 10 straight days. A healthy correction/consolidation here can set us up for a stronger break of the 42K region.
The most immediate support levels are the S&R flip at 40.9K and the 200MAs at 40K on the 15Min Timeframe. These could be good places for a long scalp and initial areas for building a long term position. That said, if we do have a large correction from here, price might drop quite a bit, so the 40.9 and 40K levels might easily be broken. It is difficult to tell right now if price is going to just consolidate here or if price will have a larger correction. All we can do is prepare for the potential scenarios and act accordingly, and be ready to change our plan as the market evolves.
Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
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