🔴 BITCOIN | There Will Be Blood September is the worst month in history of bitcoin, its a month that all Bears order Lambo!
While Shorts continue to stack into the weekend, expecting some kind of move around US Futures open and into Monday EU session. low whale order volume, the accompanying order book chart showed a lack of bid liquidity overall, with $25,500 gaining only modest interest.
The BTC bullish momentum moving averages may act as resistance, It is no secret that Bitcoin has underperformed this month even by August standards, which have rarely given bulls anything to celebrate. volume is super low means more trader stopped trading and waiting for more confirmation.
BTC is down 11% this month, and with the weekly close around the corner, anticipation is building among market observers. August 2023 is already vying with last year to become Bitcoin’s worst August since 2015. BTC price shed 13.9% in August 2022, a move which marked the beginning of half a year of pain.
positive news events, such as the future green-lighting of the United States’ first Bitcoin spot price exchange traded fund , had not yet entered market consciousness.
This week, despite containing the Fed’s preferred inflation gauge in the form of PCE, could well end up no different.PCE data is due on Aug. 31, hours before the Bitcoin monthly close, with Sep. 1 offering nonfarm payrolls and unemployment data
The Bitcoin hash rate just hit 400 th/s for the first time ever which is mindblowing, considering the energy issues in Texas and the cost of electricity surging worldwide, means more whales prepare for new bull market
The price of BTC is $25,965 today with a 24hour trading volume of 7 billion dollar. This represents a -0.6% price decline in the last 24hours and a -11% price decline in the past 14days
most indicators all bearish and the next targets are 25,500$, 25k and 24,500$
whats your plan for September bloodbath ?
Bitcoinsignal
Bitcoin ⚔️Attacks⚔️ the Support line again⏰(1-Hour)⏰🌟Bitcoin managed to form a Shooting Star Candlestick Pattern in 🟡 Price Reversal Zone(PRZ) 🟡.
🌊Regarding Elliott waves , it looks like Bitcoin is completing the Double Three Correction waves (WXY), although I have another wave count for wave 4, which again points to Bitcoin falling .
🔔I expect Bitcoin to Fall near the Support line .
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🌐➕ Positive News ➕🌐:
This Analyst Believes a Spot Bitcoin ETF Could Push Prices Over $42,000 Within 100 Days
Latest Comments from Coinbase CEO: “SEC Chairman May Change in 2024, We Are Developing New System Instead of Stablecoins”.
🌐➖ Negative News ➖🌐:
Crypto Liquidity Becoming More Concentrated Within Top Exchanges, Says Analytics Firm Kaiko.
🔥Mt. Gox repayment date looming.🔥
🔥The Big Day is September 13th: Court May Grant FTX Liquidation Permission - Here are the Cryptocurrencies Under Threat of Liquidation.🔥
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
✨GRAYSCALE WINS AND BITCOIN ETF! ✨ ✨ Absolutely amazing news here with the ruling by the D.C Circuit having ruled in favor of Grayscale in it's lawsuit against the SEC for the SEC's decision to deny Grayscale's conversion to an ETF successfully paving the way for Grayscale's filing/ETF petition to be reviewed.
✨ This amongst a series of losses and hard hits for the SEC the past few weeks has been shocking, no doubt casting doubt upon the SEC's decisions and reasonings with the Judge pointing out the fact that the SEC did in fact not offer any explanation or reason for why Grayscale could not file an ETF/go through with the conversion.
✨ This of course doesn't mean or give a 100% confirmation of Grayscale being successful with the Bitcoin ETF, but the ruling alone in itself is a huge achievement and will allow Grayscale to get another chance basically, and this time the SEC can't slap them away or deny the review.
✨ Such is the reason behind the big move up we've had today across the market with Bitcoin and XRP leading the way as whales jump back in amongst the positive news/outcome which had been weighing on the market considering Grayscale alone manages over $14 billion in assets and holds $643,572 BTC as of currently which definitely holds a lot of weight in the market.
cointelegraph.com ] cointelegraph.com
✨ I'll leave the idea there for now but I've attached a link to an article below by Coin telegraph which should help explain more things about the ruling in detail for those of you that would like to read in more but regardless it's very positive and I'm happy with things of course.
✨ Thanks for joining me as we go about our crypto journey, not just as one, but together. It's not always easy but days like this really help ease the mind sometimes. Feel free to leave a like or follow, never hurts and always helps. Thanks and all the best!
~ Rock '
⚔️Bitcoin is ready to attack the Resistance Line⚔️(15-min)🏃♂️After decreasing a few hours ago, Bitcoin is again close to the Resistance Line .
🌊In terms of Elliott wave structure , Bitcoin has completed five impulse waves and is currently completing corrective waves .
🌊It seems that the structure of the corrective waves is of the type of Expanding Flat(ABC/3-3-5) .
🔔I expect Bitcoin to start going up from one 🟡 Price Reversal Zone(PRZ) 🟡, break the Resistance Line , and reach the 🔴 Resistance Zone 🔴.
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🌐➕ Positive News ➕🌐:
Bitcoin difficulty jumps 6% to a new peak as miners ignore the BTC price dip.
Bitcoin (BTC) May See Another Big Obstacle: Bloomberg's Mike McGlone
🌐➖ Negative News ➖🌐:
FBI: North Korean hackers may be looking to sell $40 million worth of Bitcoin.
Nearly 90% of Bitcoin Short-Term Holders Are Underwater, Onchain Data Show.
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Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BCH - What is next for Bitcoin Cash?Hi Everyone,
BCH is now coming back down to close the imbalance that had been left once it broke swing highs last year.
There is an order block sitting around 140, which should be the area to watch out for your buy limit orders.
I expect price to continue falling to that area and I will start opening buy positions once we see confirmations that the Order Block will hold.
Stop loss should be placed below the daily swing low, as the market could still drop further to the lower order block around 120.
⬇️BTCUSD may be ready for the leg down⬇️Yes, BTC has broken one structural level, however based on overall bearish context from weekly, I'm still seeing it as a redistribution before the leg down. Please check linked ideas for more context
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
Bitcoin- Mini bull run in the first semester of 2023?The long-term trend for Bitcoin, in fact, for all the crypto market, is bearish, and there's no question about this, and, to be honest, I'm almost sure we will have new lows in the future( as sure you can be when it comes to markets). However, at this moment, I think we will have a rebound for a few months and, as there's no straight up in a bull trend, the same is no straight down in a bear one.
In this post, I will explain my reasons for thinking this, both technically and using common sense, and share my current trade and risk management.
Technically:
At the beginning of November, Bitcoin has broken under important 18k support and reached 15500. After a retest of the broken support, BtcUsd fell again, but, instead of making a new low, made a higher low and started to consolidate again and even made a small double bottom in the past month or so.
Now the neckline of this double bottom is broken (17k) and the target for this is towards 18k resistance. In the eventuality of a rise to 18k, 16300 is confirmed as a higher low and there is a high chance of a break back above 18k which would confirm a false break and a bear trap.
This whole outcome could lead to further gains and my first target is 21k.
Common sense:
First of all, after the 18k break back in November, the drop lacked continuation, instead, we have consolidation and even a lot of bad news came from the crypto market Bitcoin stud still.
Second...
This "invitation" to sell on a stable market because all will drop is something I don't buy.
Selling at 16-17k and rebuying it at 10k would be too simple.
My Trade:
I know there are a lot of "ifs" in my analysis, but if you traded long enough you know that, in fact, you should work with "ifs" and take a trade step by step.
Only idiots have certainties(and know that Bitcoin will go to 1mil or 0, depending on the bias), intelligent people have doubts, I'm not an intelligent man, so I have stop loss...:)
So.. here is my personal trade at this moment:
Bought at 16700 in anticipation of a break above 17k (so far I'm correct)
Stop loss is around 16k, but for the sake of round numbers, let's say 15700
Take profit, at this moment, is at 21k
Considering a buy trade of 1Btc, the potential loss is 1000usd and the potential profit si 4k, this would mean 1:4 R: R which for me, as a speculator, is fabulous.
As I said, a lot could happen, and if the price is breaking 18k and going towards 20k with buying power I even can aim for 25k and remove TP from 21k.
Nevertheless, my potential loss for this trade is already counted for and now is the market's turn.
Have a nice trading week!
Mihai Iacob
Bitcoin idea and signal✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
------------------------------
✅ Please write any advice or suggestions.
Dear friends request any cryptocurrency pair, currencies pair for forex, and any index you want to be analyzed, and ask any questions about chart analysis.
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BITCOIN MINI BULL-RUN IS ON THE WAY !!Hi lads.
BTC is getting close to the end of the triangle here. BTC is still moving in 18.5k - 20.2k area and has been consolidating in this area for almost 4 months. The daily volume is increasing so fast and we are hitting all time high daily volume records on binance. A lot of long term holders are sold their bitcoins at that level and on the other hand, a lot of stock market whales and traditional market big players started to buy bitcoin at current levels. In general btc is bullish but it is under the effect of financial markets (SPX500 and NQ) dump.
BTC is still in the bear cycle and i think the moment we hit 13k levels, we can say we touched the bottom. so bear in mind that we havent touched the bottom yet. But in short term like 1 or 2 month period, i expect an retracement. BTC can go up to the levels of 25k to 28k. from there we may start falling again.
So, btc can rise above 25k levels from these two spots : 1) 19k in a bullish scenario 2) 17.8k in a bearish scenario
So, be ready for such scenario.
Also dont forget to like my post and also follow me cuz it helps me a lot.
BTC Don't be bullish in a bearish marketWe are approaching "support" in BTC. However trading support and resistance in a TRENDING market is usually a bad idea, cause these levels will act like a liquidity target and usually they tend to break more then hold.
Please check linked ideas for more context.
🧭ETHUSD multitimeframe perspective🧭Everything is in the chart and linked ideas. Send your charts and questions
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
🔍BTC is too bearish to be bullish🔍Here together with you we already discussed price action and structure on BITCOIN before. And because BTC hasn't seen any structural changes from HTF, we remained bearish on it. This is a chart update at the beginning of the week. Please use split screen for better view.
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
Will Bitcoin break under support?Again, Bitcoin is under pressure, and, after an abrupt reversal triggered by CPI data last week, the main crypto si pressing in extremely important support that lies between 18000 and 18500.
The price action in the past 3 months is an H&S and a new drop is looming.
The target for this pattern is around 12k which coincides with a previous zone that acted as support or resistance.
As long as 21k is intact, bears hold the upper hand and only a daily close above this figure would lift some of the weight.
BITCOIN SHOWS BULLISH SIGNALS !Hi lads.
In my previous analysis i talked about bitcoin mid term bullish scenario and said 19.3k - 19.8k is a very important support area. Untill now, we have seen strength in bitcoin and we saw buyers were active at 19.3-197k area.
Also, SPX500 showed some strong come backs in last hours before the markets get closed. And with strong probability, SPX500 might start the new week with some bullish moves too. With that being said, We can expect bitcoin would go and touch higher levels in the coming week. Another important reason that i think btc will pump other than technical analysis and indicators, is that a lot of people and retail traders are short and bearish on bitcoin. This is where whales and market makers will go against the peoples wishes.
Also,targets for bullish move are shown in the chart and you can see everything in the chart.
Dont forget to like my idea and also follow me cuz it helps me a lot :)
Cheers.
Bitcoin clear bullish pathHi lads.
BTC lowered down to the major support level as i predicted before. Also SPX500 is at its lowest point of the ascending channel. BTC and SPX500 correlation is at its highest atm. So any major move in spx, can affect btc by a lot.
TA and FA suggests a mini bull run in SPX. Also btc has dumped over 75% from the ATH which was 69k area. From this point, we expect a 30 to 50 percent upside move before any lower low happens.
I predicted btc pump when it was at 18.5k area and we successfully jumped to 22.8k levels. Now i am bullish again.
Major support area is 19.3k - 19.8k area.
Targets are 22k - 25k - 28k
At last, dont forget to like my idea and also follow me. it helps me a lot.
Good luck