Bitcointrading
BITCOIN - 4h breakdown Update to Weekly Outlook 20/02/24'Hello everyone,
just a quick update to Yesterday Weekly outlook..
4h Idea Breakdown chart:
Reasons WHY Short in next 0 to 48 hours:
1 - is Lower Close then 2
2 - is Highier Close then 3, BUT it have Lower Candle High
3 - have Lower Close then 2 and Last Green Candle,
BUT in the same time have Highier Candle High
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These are Reasons WHY I believe we are about to Short in next 0-36(48) hours at least
& WHY I was yesterday slightly more bearish then bullish, but since it developed as it did, it gave me more confirmation and confidence that we are about to go Lower (Short market).
Aswell, if you decide to take a trade, DONT FORGET TO USE STOP LOSS, for your own good.
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
BITCOIN - Weekly Outlook 20/02/24'Hello everyone,
just a quick Weekly update..
I believe that not much changed Price wise since last week, BUT we got some developments and news from Macro Economy perspective...
So, Im still somewhat alerted we are RIGHT now possibly "around" or "not so far" from High, before of "reversing" at for week/two..
WITH still having in mind, that ONLY ONE TIME in History, when Market conditions was closest to similar as we are today, Market didnt find its TOP until FED started cutting rates...
So there is still possibility of going Highier with time (March,April), even tho Price wise we already elevated a lot... and thats the reason Why is Executing a Trade Correctly right now difficult...
So AGAIN, I would suggest EVERYONE to use STOP LOSS, if you decide to trade...
cause, PROTECTING CAPITAL should be your Number 1 object every time!!!
-- I would like to state, that due to everything ment above and previously - I Labeled this Idea NEUTRAL - but, my bias is slightly more bearish, that bullish as for Right Now. --
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
Bitcoins the King of Crypto Currency to Hit $54k+In the kingdom of crypto, BTC makes a decree and others follow, Lots of ranging market experienced over the past few days / week is not strange as the momentum to push upwards needs to be gathered,
That seems to have been completed,
The bulls are ready for a new ride......
At DANCOLNATION CAPITAL, We shall be monitoring candlesticks formations and chart pattern with other tools for confluence purposes and refining of our entry as the market acts
BITCOIN - Weekly Outlook 13/02/24'Hello everyone,
hope you guys doing great.
So those who follow know, that my close monitoring and breaking down chart payed off...
Since we was able to recognize that probabilities of reverse shifting and favouring Upside price targets when Price was refusing to go lower under price level I ment in last updates..
So hope everyone bagged some profits already, and if not, its still great time to do right now as we sits just around 50k which is GREAT price for some profit taking for several reason, more about why you can find inside ↓↓↓ ...
As for WHAT Im doing RIGHT NOW - is that I closly follow lower time frame charts 5min/15min and 1h...
Since Im of opinion that we rallied A LOT already and is Tuesday, which following my data shows as a day with the MOST Liquidity reverses (meaning, we go for Sellside liquidity)..
So with that in mind and aswell upcomin US CPI numbers Im alerted that there is highier chance of revisiting Lower prices then sustained rallie on upside.. BUT!! even in this scenario Im thinking that is still possible that price can rallie a bit highier (51k to 51,8k max.) BEFORE reversing... at least for this WEEK!
-- In simple terms, I think we can rallie today up to 51,8k MAX! as a possibility, but Its Low% chance BUT if its happend, IT WILL BE GREAT SHORT ENTRY PRICE for me! --
--- IN THE SAME TIME - I think we are in GREAT SHORT PRICE entry RIGHT NOW, since, we already rallied a LOT, and above ment price is only 2% max.3% highier.. and since its possible we dont get that PERFECT entry area around 51k... it would be SMART to follow lower time frames as I ment, and entry "smaller" position In correct time, before building that short trade more ---
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
King Bitcoin is going to be ready for next falling down !!!Dear All,
Hope you have a good day!
According to chart, you can see that I understand bitcoin is going to complete last upward moving for grabbing enough liquidity for its next falling down wedge if price could not break the 52K - 55K.
Anyway, I just want to warn you that maybe it is not so that fancy and good time now to have long positions for long term or holding purposes, It is better to wait until price straggling around 55K and see if buyers are the winners or sellers take their position back.
It is just a financial advice BUT the risks of your trades are on your own and upon your decisions.
Take care and have nice day !
BTCUSDT: 4-Hour Rally to 46000! 🚀🎯Dive into the world of BTCUSDT as we ride the 4-hour chart with an active trade, capitalizing on a strong uptrend. An order block has formed, and an adaptive trend is in play, signaling potential gains. Keep your sights on the target: 46000.
This is a dynamic market scenario, and active trading decisions should align with thorough research and risk management. Always stay informed and adapt to changing market conditions.
Note: We are not responsible for any profit or loss resulting from trading decisions. Trade responsibly and consider consulting a financial advisor.
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BTC Drop loadingI wasn't expecting the price to rise so much, but doesn't matter. As we has seen lot of times, it's squeezing some shorts. And as always, the higher the squeeze, the deeper the drop. I don't think it will broke above previous high (but i can be wrong), but what is sure is that is going to drop soon. It's clearly a bull trap, and it can go up a bit more before dropping. 41k is my main target, and invalidation will be clean break above 49k. Most important, don't long now.
BITCOIN Weekly Update 05/02/2024 - 4hr breakdownHello again,
so little quick cooperation on my statement : That by prolonged time of staying in highier price range without retracing down, odds are shifting to probability of going highier with time.
So for better visibility I colored chart..
Now its clearly to see, that we stuck in price accumulation before unloading move..
But, its aswell clearly to see, that with time we slowly progressing highier, to our Buyside liquidity area and is unknown if we are willing to break to Highier range... Thats why for me is important FED high, which serve at this point of time as REVERSE point for me ... If I see price going above, and not willing to work to lower part of that range.. It should be "EARLY" signal, that there are increased odds of revisiting Highs from January and potentional more...
Thats WHY is this idea not labeled long or short...
But, if we not START to Reversing lower very soon (next 4-12 hours), odds to price pushing above 44k increasing a lot.
So AGAIN, if you decide to make move and enter the trade, using STOP LOSS is a MUST!
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
BITCOIN Weekly Outlook 05/02/2024Hello guys,
great week to everyone.
So my view on BITCOIN didnt change in last days.
I think the IDEA from last Update is still in play.
But - Im staying alerted, since trading range is getting squeezed into tight range, so I would be expecting highier tide of volatility to come sooner rather then later. For this reason, I would again suggest to EVERYONE to use STOP LOSS.
Reason why Im somewhat "alerted" is - longer we stay in highier price range, without moving further down, in my view, it increasing chances of our idea to be WRONG- and as stated in big Q1 update, until FED start cutting, or somethiing going significantly wrong, market will go highier with time... So this would invalid our view.. BUT UNTIL IT HAPPEND we need to suggest that Sellside liquidity is the 1st target before potentional continuation of move upside since that how chart present itself after meeting...
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
BITCOIN FED Meeting Aftermath 01/02/24'Hi again...
As I ment in into, I think this FED meeting was kinda good lead what to expect next, especially because J.Powell insight, since he run the show.
To understand better my Idea whats going on, I try to break Weekly time frame into Daily chart posted under..
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So, in my understanding all what every Asset does, is Run between certain Liquidity targets and in right Time it displace. This process is repeated endleslly..
When we Check our bigger time frames Week+ , Its clearly to see that we extended to Highier prices due to many factors and if History is any indication we always should expect Run BOTH sides of liquidity before next displacement...
Meaning, since we go too much extended on Buyside in 2023, there is left huge amount Sellside liquidity which will be aimed at some Time point, it is just not 100% clear if its gonna unfold NOW!..
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So when we move down, from Weekly to Daily chart, its easy to SEE, HOW we Runned between these TWO RED lines for a LOT of time.. and occasionally it moved above/bellow to take that liquidity...
NOW - Most imporstant for ME, is YESTERDAY reaction, where we rallied close to 44k as expected possible scenario, and then we REVERSED, to lower 42k where we at RIGHT NOW.
SO, as LONG as Price not RUN above YESTERDAY highs, and keep being there, I WOULD EXPECT WITH HIGH PROBABILITY that next Price liquidity range is BETWEEN GREEN lines... as soon as we reach this Liquidity, our outlook must be reevaluated once again!
Aswell, since we still in after FED meeting pre-market, I would expect little bounce bellow yesterday highs, before real move lower start unfolding.. So be carefull into JUMPING Short straith away.. rather check Lower (15min/5min) time frame, for picking the Best entry oportunity with sound STOP LOSS in CASE asset decide to run highier...
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
BTC - Expected Price Up Until HALVING📉Hi Traders, Investors and Speculators of Charts📈
With the ETF approval priced in, next thing is the upcoming BTC halving expected in April - but wat does this mean for the price of BTC?
When there's an unprecedented event that will affect the markets, it's helpful to return to the basics:
👉 Buy the rumor, sell the news
👉 Macro Analysis
👉 Candlestick analysis
👉 Buy the rumor, sell the news
The ETF was again, a perfect example of this. Although it's possible for the price to increase days leading up to the halving, from a previous analysis we determined that BTC usually drops before halving.
👉 Macro Analysis
Bitcoin is due for a correction / pullback. Even dropping to lower 30K zone would still be a lower high, classic Elliot Wave Theory before the next upwards impulse wave, which is the biggest ( wave 2).
👉 Candlestick analysis
BTC has made 8 consecutive green candles in the two week timeframe. A few red ones are definitely overdue. This will support as a "fundamental reason" for the halving drop.
NOTE that I am still BULLISH on BTC. We're in the opening moments of a new bullish cycle, but there are pullbacks and corrections in upward cycles - and I'm expecting that we're currently trading in correction wave 1-2.
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BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT.P
BTCUSD Trading Plan - 31/Jan/2024Hello Traders,
Hope you all are doing good!!
I expect BTC to go Up if it gives correction here.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
BTCUSD: Bullish if it closes over the 1D MA50.Bitcoin is crossing over the 1D MA50, negating the previous bearish trend, by turning the 1D technical outlook neutral (RSI = 54.571, MACD = -301.200, ADX = 35.239). If the 1D candle closes over the 1D MA50, then we expect a bullish breakout like the one on June 20th 2023, which hit the previous High of the Channel Up (R1 level). Consequently we will go long if that 1D candle closing condition is fulfilled and target the R1 level again (TP = 49000).
See how our prior idea has worked out:
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BITCOIN Weekly Outlook 29/01/24'Hello everyone,
new week, new BITCOIN update. Hope everyone doing great!
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This week should be lot of FUN, due to FED meeting at Wednesday,
Im expecting increase in volatility so I suggest to everyone act accordingly.
So as I ment in Last Update, there was increased chance of retracing back to Highier prices, due to expected News last week.. and we rallied aproximatly where I eyed between 44-42k$.
In fact, we came back to almost exact Price, where I was firstly highly persuaded that we are in Great Odds for Short trade, thats why I suggested to use Trailing Stop Loss, to bag some of profits while we benefit from them. So everyone who did, good job guys.
So, as for RIGHT NOW , I think, we came back to great SHORT area, BUT we need to remember, that there is still potentional of going to Highier prices (44k$ area). We cant forget that! So if you decide to Short market, YOU HAVE TO USE STOP LOSS!!! Especially, when there is most likly volatility spike coming, due to FED meeting mid-week..
So, IF I was opening Short right now, I would check Lower timeframes (15minutes/5min), to found Price where STOP LOSS WILL BE!! Reason behind that is, IF I expect Market to going Lower before Meeting is done, THEN price SHOULD NOT going back highier about price I picked. PRICE I would choose right now is around 42599,99$ .. which is around 1% from where Price is Right Now, and its Representing area around Weekend Highs.. and so IF we expecting Start of Week to going Lower, this Price range SHOULD NOT BE TOUCHED... IF IT IS, there is possibility of going to Highier price ment earlier.. So STOP LOSS protect us from unnecessarly damage and we can adjust with NEW trade in CORRECT time LATER!
So again, BE CAREFULL with opening new trade right now, it can start moving real quick.
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
The last bullish chance of BITCOIN in Mid term!Hi .
As you can see, Bitcoin has reached the ceiling of the ascending channel after passing through 5 ascending waves, and after that the price started its corrective wave and almost reached the PRZ point. I think the past is repeatable and as shown in the AB=CD Chart.
After the price reaches the PRZ zone, the price can have a good growth.
also a Hidden bullish Divergence (HD+) on MACD which shows Positive Signs for Bitcoin .
🤑 Stay great my friends.
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Previous Analysis
BITCOIN mid week Update - 24/01/24Hello everyone,
Im back with just quick update to Monday pre-Market idea
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So, as expected we went lower really close to our Sellside t1.
Price didnt touch our t1 box, but if you trade with Trailing Take Profit, you should be taking some profit-% off the table at this point.
Today and Tommorow, there should be volatility coming so I would be very carefull about Opening NEW trades.
Remember, ITS NOT SHAME TO NOT BE IN TRADE!
Its always better to wait for setup which is favourable FOR YOU!
At this MOMENT, Im observing price on lower time frames to decide if there is highier possibility of REVERSING on Daily time frame... So we possible could run up to 42-44k$ IF news later today favour that move... OR we can not work above smaller time frame Buyside liquidity targets, and we keep going LOWER as we was expecting...
In my opinion, RIGHT NOW, is very hard to make CALL if we go lower/highier TODAY, since we already went LOW enought on weekly basis without any liquidity drivers, so there is good chance for swept on other side. Thats why I suggest to be VERY CAREFULL and if you decide participate before news, you should use tight STOP LOSS for your own good.
I'll make next update when I will be more certain about which way we keep moving further.
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
BTCUSD - DAILY SHORT STRUCTURE (TARGET 34K)8 Step Analysis:
1) Price broke out of its bullish continuation structure and pursued its rally onwards.
2) A range was formed following the breakout which accentuated the anticipation of the Bitcoin Spot ETF approval by the SEC.
3) This anticipation was shown by leveraged longs that increased open interest through the roof obviously giving a lot of liquidating manipulation opportunities to market makers. You can see this with the multiple false breaks, liquidity grabs, resistance retests, etc (whatever you want to call it, it's all the same thing)…
4) Price retraced back into the range after breaking buyside which is crucial info. I think whales are already in their comfortable shorting pants ready to watch retail scatter in confusion. 'Why would BTC crash?! The ETF was approved!!!' Well they control the narrative and therefore what you think (except if you are one of the rare few in the crypto sphere with a sense of critical thinking).
5) One last bounce higher to build back hopes one last time just to liquidate more longs on the painful way down (or pleasureful way down if you also put on your comfortable shorting pants).
6) The descent should have started (at this point this may be far fetched to try and predict days or weeks in advance but let's try) and sellside should be taken out.
7) The last piece of liquidity I am interested in is below the (1) breakout structure (I refuse to call it a triangle lol). This to me really represents a juicy price to actually start building a serious swing position.
8) The trend continuation.
BTC WEEKLY - Target Zones to WATCH👀📉Hi Traders, Investors and Speculators of Charts📈
BTC is approaching the halving, during which the price usually fluctuates wildly as volatility and volume show up.
For any given dip, I don't expect us to break the white diagonal trendline (which validates higher lows).
When the price trades in a tight range, it's helpful to follow the classic rule of "buy on support and sell at resistance".
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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