Will Bulls push bitcoin higher ??BTC/4H Ascending Triangle with yellow uptrend line and white horizental line
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With the ascending triangle that btc formed and the consolidation at the high of its range showing the bulls might want to push it higher ~26849 then hopefully bears will enter and smack it down.
Another possibility is to hit ~26849 then do another bull retest and fill the gap from ~27400 to ~28900. The fact that we are holding here indicates we could fill the gap tomorrow on FOMC
we could consolidate today as well due to tomorrow FOMC meeting.Also Liquidity wise there are some high leverage liquidity to the downside
Detailed explanation and more information on video
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Bitcoinpriceprediction
#Bitcoin - thoughts out loud #10.Good afternoon , dear colleagues!
I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument.
I continue to accompany this asset with a subjective vision.
In my opinion, a deeper correction is needed to continue the asset's gains.
All trading patterns should be searched for on the younger time frames (15 minutes, for example).
But in any case, the market will equalize everything, because it is always right .
Thank you all for your attention, I wish you success, and remember:
Sometimes you win /sometimes you learn .
#Bitcoin - thoughts out loud #9Good afternoon , dear colleagues!
I am pleased to welcome everyone who wants to get acquainted with my vision of the current situation on this assets .
At this stage of the situation, we see this algorithm being clearly worked out. When an asset shows a strong movement without corrections.
The current situation only suggests that we need to wait for a possible corrective movement or flat movement.
Dear colleagues, I sincerely thank you all for your attention and wish you success!
And remember one thing:
"sometimes you win , sometimes you learn ".
Entry point
#Btc
#Bitcoin - thoughts out loud #7Good afternoon , dear colleagues!
I am pleased to welcome everyone who wants to get acquainted with my vision of the current situation on this assets.
Why long?
As we discussed in the previous opinion, we saw how the price followed the stop loss.
At this stage of the situation, professional operators need to lock in profits and buy the asset at more favorable prices to continue moving up. Due to the stop losses, retail traders fill buy orders and it is possible to re-enter the position for further upward movement, because we need fuel to move further. But there is one thing: if there is not enough demand in this range and professional operators are not interested in continuing to move up, we will most likely see a depreciation of the asset.
Dear colleagues, I sincerely thank you all for your attention and wish you success!
And remember one thing:
"sometimes you win , sometimes you learn ".
#Btc
Evening trading at profit taking.Market participants take profits and close positions due to stop orders from weak market participants.
Warning, you need to be prepared for a false breakout of local highs.
If you have any questions, leave them in the comments and I will be happy to answer them.
Good luck to everyone and enjoy the trend!
BTC Bitcoin Double Top this month ! Price TargetI expect CPI data will come better than expected on Feb 14.
The medium forecast in 6.2, I expect 6 - 6.1.
The market will be exuberant afterwards and SPY will reach $431 by March 1st, thinking that the FED won the fight against inflation.
BTC Bitcoin will make a Double top at $24280, just to go lower by mid 2023 after SEC banning crypto staking in the US!
Looking forward to read your opinion about it!
#Bitcoin - thoughts out loud #8Good afternoon, dear colleagues!
I am pleased to welcome everyone who wants to get acquainted with my vision of the current situation on this assets.
After yesterday's impulsive movement, I expect the price of the asset to rise further. Yesterday, we witnessed professional operators testing the strength of the buyer, which was followed by an impulse movement. Today, the area of interest is 21600 - 21700 for further upward movement. But this is not the final price, it may fall even lower, because everything I write here is my subjective opinion, as the market will settle everything by itself, because the market is always right.
Dear colleagues, I sincerely thank you all for your attention and wish you success !
And remember one thing:
"sometimes you win , sometimes you learn ".
#Btc
Bitcoin just hit a massive BUY signal to $23,643Cup and Handle has formed on Bitcoin.
We have finally had the break above the brim level.
Now that the buyers and demand are streaming in we can expect upside.
7>21 Price >200 - Bullish
RSI>70
Target 23,643
FUNDAMENTALS
There seems to be a strong correlation for when the Global markets rally, Bitcoin tend to follow. I don't know if it's because they are so tied up in central businesses and with the government, but I can make some assumptions why:
Increased Investor Confidence
When global markets are performing well, investors tend to have more confidence in the economy and, in turn, more confidence in investing in various assets, including Bitcoin.
This can lead to an increase in demand for Bitcoin, which can drive its price up.
Increased Institutional Investment
We also tend to see institutional investors becoming more interested in alternative investments like Bitcoin.
Strengthening of the US Dollar
When global markets perform well, investors may move their money into the US dollar, which can drive up its value.
As Bitcoin is often traded against the US dollar, a strengthening dollar can lead to an increase in the price of Bitcoin.
Similar to the gold standard, there is some effect with the Bitcoin US dollar standard.
Better Economic Activity
When global markets go up, it tells us that there is strong economic activtity which is picking up GDP and consumer and producer spending.
This extra money that investors have will then go to investments like Bitcoin, which will help with the increase in demand and price.
Trusting the big boys
Last year was a confidence destroyer with crypto currencies. We had companies failing, becoming bankrupt and price heading to zero. People lost billions of dollars and now they have no idea who to trust...
When it doubt, buy Bitcoin I guess.
When there's trouble in the crypto market who are you gonna call?
Bitcoin price, "FUD around BUSD", U.S. Economic Data This Week:The trading week started with a rather "active news background":
"Paxos (BUSD miner) will face a lawsuit from the SEC in connection with the issuance of unregistered securities (stablecoins).
With a total capitalization of $16B, BUSD is the 3rd largest stablecoin, with 90% of the stablecoin concentrated on Binance.
BUSD also accounts for 21% of all customer reserves on Binance.
The issuance of new BUSD has been suspended, and exchange for fiat dollars is still possible."
"Such a "regulatory raid" on Binance's partner may be a retaliatory operation by the US authorities to try to destroy the business of the offshore exchange Binance, after CZ became the starting point of the FTX fraud disclosure in November 2022 and refused to cooperate with USDC."
At the moment, it looks like another batch of FUDs "to bring" the market down to the desired levels. Securities are bought with the aim of making a profit from the asset's appreciation in the future, and the essence of stablecoins is a stable exchange rate, a stable trading deposit, without profit. The US dollar is not considered a security, right?)
In recent months, the cryptocurrency market has been strongly correlated with the SP500, which is directly dependent on US macroeconomic indicators.
U.S. Economic Data This Week:
- CPI Inflation (Tues.) 🔥.
- Retail Sales (Wed.)
- Ny Fed Manufacturing Index (Wed.)
- PPI Inflation (Thurs.)
- Philly Fed Manufacturing Index (Thurs.)
- Jobless Claims (Thurs.)
- Housing Starts (Thurs.)
We are most interested in the new inflation rate that will be announced tomorrow, Tuesday, February 14, 2013. After all, it's one of the main indicators that the FED wants to take control of and talks about at every speech is inflation at 2%.
Last month, the inflation rate dropped to a projected 6.5% and the cryptocurrency market exploded with growth on 12/01/2023.
Our expectations for tomorrow, 14.02.2023:
- inflation at 6.2 percent or more - falling prices on the crypto market
- lower-than-expected inflation < 6.2% may cause smooth growth.
Anyway, the crypto market has been growing very well for more than a month. Against the background of the previous downtrend for more than a year, the growth in January can be called phenomenal.
Personally, we do not have enough price correction to continue the growth.
There are two fractals on the chart:
1. We published the white one last week, and it is now working well and indicates that a drop to the liquidity zone of $18900-20400 is possible. For us, this is currently the main scenario, and it is in this liquid zone that we plan to buy long positions.
2. The blue scenario is in case super-positive CPI figures are announced tomorrow. Accordingly, the buy zone for long positions will be $21200-22300.
Which trading scenario for the coming week is more to your liking? Share your thoughts in the comments below the idea
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#Bitcoin - thoughts out loud #6Good afternoon , dear colleagues!
I am pleased to welcome everyone who wants to get acquainted with my vision of the current situation on this instrument.
Today, the asset continues to show strength after the weekend, as evidenced by the formation of an uptrend with a buyer's test. For this period of time, I expect the buyer (professional operators) to regain strength and attract retail traders.
The price range for the resumption of the movement is 21600 - 21700.
Dear colleagues, I sincerely thank you all for your attention and wish you success !
And remember one thing:
"sometimes you win , sometimes you learn ".
#Btc
Bitcoin – my low-risk trade revealed!Hello, everyone!
My last call with the head & shoulders pattern was quite successful. Since there I found the downtrend weakness only today.
Look at the 1h timeframe BINANCE:BTCUSDT price chart. We can see that the first up fractal which has been overcame is located at $21717 . I opened long trade with the very tight stop loss at $21639 . This trade is risky because the new uptrend still has not been fully completed. The Awesome oscillator is aslo gaining the momentum right now which is the another one bullish confirmation.
What is potential target? We have the imbalance candle which has started this dump. Price has the magnet level at 50% of this imbalance. Therefore the target is $22200 .
Best regards, Ivan
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Bitcoin -> Be Ready For The Next MoveHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly perspective Bitcoin just recently had a massive 50% pump towards the upside without any noticable correction.
Therefore, it was quite expected that we will at least have a short term retracement, which the market is currently providing. However since we are now testing previous weekly resistance, turned support, I do expect the continuation towards the upside from here.
On the daily timeframe we can see the same picture, the market is about to retest a previous daily resistance zone; I am now just waiting for a deeper retracement before I do expect the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
24200USD Was The Top, Here's whyI've been bearish on Bitcoin since 22500USD. Now that the price is breaking through structure, I'm convinced that Bitcoin has reached its local high.
Why is the top in? The price went up for 34 days, which on average is half of a whole Bitcoin daily cycle. If we're lucky, the top will fall in the right half of the cycle, but this is too early to tell. We must wait until the end of February.
Secondly, we're seeing a daily bearish divergence on the rsi. This also happened at the first top at 65k.
Lastly, If you zoom into the hourly chart, youi'll notice that Bitcoin broke out of its rising channel, which is the structure i talked about in the first paragraph.
the confluence of 3 possible bottom signals1) pi cycle low
2) trading and holding above the 20 week sma and 21 week ema
3) the printing of bitcoin's first green monthly heikin-ashi candle after 12 months + of carnage
although it may be difficult to imagine, history suggests that the confluence of these three indicators may foreshadow the birth of a new bull cycle
bitcoin's first green monthly heikin-ashi candlehistory seems to suggest that bitcoin's first "green" monthly heikin-ashi candle following 12 months+ of absolute carnage marks the birth of a new bull cycle. it is important to note that this does not indicate the bear market's bottom, but rather a decent confirmation that we are currently transitioning out. the recent print of january 2023's green heikin-ashi candle may very well be a positive omen suggesting where we're all headed in the not so distant future
credit to ben cowen of intothecryptoverse.com, who seems to be the first individual to discuss using monthly heiken-ashi candles as a tool to understand where we stand in any part of a cycle.
Bitcoin – my new intraday long trade!Hello, everyone!
Today I am back with my new long trade setup. Earlier I tried to make predictions and sometimes it played out, but when you try to predict the market move, one time you will be in the disaster. That is I have faced with recently. I was lucky to have the nice money managenent, that’s why I have lost only 8% of deposit. Now I am just following the market with my trading ideas.
On the 1h time frame BINANCE:BTCUSDT chart we can see that after the impulsive move the price started the corretcion. Now it has reached the 0.61 Fibonacci level, which could be the nice long entry point. We also have comfirmations with the gaining momentum on the awesome oscillator. The BTC has already broken the first fractal above the Williams alligator indicator’s red line, therefore I executed the long trade with the setup you can see on the chart.
Best regards, Ivan
________________________________________________________________________________________________
If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
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$10.3k #BTC - [Jan/Feb 2023 ]FACTS:
BTC Draws Down 85% from the ATH.
BTC has GONE BELOW the ATH in Jan/2015.
BTC is currently 75% Draw Down.
If it continues THIS cycle, BTC will hit the $10.3k price target @ the bottom og the Channel meeting the 85% Draw Down narrative be early Spring.
PRICE:
$10.3k
WHEN:
Late Jan 2023 to Feb 2023
$7k Trend Line CRASH Narrative:
(89% Draw Down) - Unlikely?