Bitcointrend
#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 Fake Pump Before Major CrashAs Ive said in previous video (link to related ideas) we were jebating longs before going into a crash . we pumped to 25K to retest that price which is eight month high and the origin of previous downtrend.we now formed a double top on high time frames (3h 4h Daily)
Please Follow,Comment,Boost (if you agree) it REALLY motivates me to do more.
We pumped 13% in one day and dumped 8% the day after showing sign of heavy rejection and more yet to come.
since we consolidated at most levels from 20K to 25K , a capitulation candle downwards ( at least 13%) could happen any time but personally I think S&P500 must be ~3800 and DXY ~104 for that to happen
maybe a retest around ~24400 then come back down to 22800 and if that support didnt hold ~20500
More details and liquidation clusters in video
Thanks for watching
#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!
FIBONACCI 🙌the sing retest is done and it is reversing at the GOLDEN RATIO level {0.618}, next is engulfing bullish candlestick, my moving average is crossed to the bullish side while moving to break my 200SMA on 4HT. we can draw a Fib extension to get your TP levels, i expect it to break the previous sing high.
Might this overshooting rally be a Wave B in an Expanded Flat?Wondering if this amazing push up Bitcoin made today might not be characterized as an overshooting wave B within an Expanded (Irregular) Flat correction.
We will know pretty soon and this idea will become old in 3,2,1...
Anyway, for the sake of fun and TA, here it is.
#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 - 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 Big RED candle comin soonAfter bitcoin exited the rising broadening wedge we bounced from top of the left shoulder(light yellow line)
and is doing a rising wedge right now which might endup in the right shoulder if we wick up then leg down another 8 to 13 percent.
In the video I also mentioned liquidition clusters and where people get liquidated THE MOST.also high leverage positions been shown.
we also might consolidate today wating for CPI numbers to comeout before another major move.
AAVE Cup & Handle!KUCOIN:AAVEUSDT
AAVE perfect cup and handle. Breakout will provide significant upside. 2 potential targets marked 26 to 36%.
On rejection at breakout, look to enter possible pullback.
Advanced traders could play the range on LTF.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Rising Bitcoin: A 1-Month Trading ChartA 1-month chart analysis of Bitcoin can provide valuable insights for long-term holders of the cryptocurrency. By examining the price trends, volatility, and volume of Bitcoin over the past month, it is possible to make predictions about the future performance of the asset.
For instance, a steady upward trend in the price of Bitcoin over the past month, accompanied by high volume, indicates strong investor confidence and market demand, which are positive indicators for long-term price growth. On the other hand, if the chart shows a lot of volatility and price swings, it could signal a lack of market stability, which may cause concern for long-term holders.
Additionally, a 1-month chart analysis can also provide insights into the impact of any major events or news on the price of Bitcoin. For example, if there was a significant drop in price following the release of negative news about regulation or security, this may indicate that the market is still sensitive to such factors, and that long-term holders should be prepared for potential future disruptions.
Overall, a 1-month chart analysis can provide valuable information for long-term Bitcoin holders to make informed decisions about their investments. By monitoring trends and staying informed about market conditions, they can make more informed decisions about buying, selling, and holding Bitcoin.
Bitcoin Dollar can further go down.as we can see bitcoin/dollar has taken support at support level 1 as shown in chart and currently it is in consolidation range between 18500 to 24500 . we might see continuation of consolidation for while and at later month we might see bitcoin/dollar at level 13500 to 14500 range where the next support zone is ( shown in chart)at those level, it will be good opportunity to buy for longer term.
thanks.
BTC 19k! Just for fun! I was looking for a pattern of percentages, drops, or increases. So now, according to the chart, BTC drops to 19k. If it wasn’t that precise, I would not post it. We have two drops of 50% below the green line of the indicator. We reached a 32% drop from the same indicator line on the third one. I would be inquisitive if this will get to 50%, which is19K. Of course, this is just for fun. I don’t take it seriously, but I hope it serves a good purpose.
BTC Support and Resistance | Direction and Price Analysis- I told BTC will down to 18 K at December 21,and published confirmed analysis of it 3 day ago, 2. time the analyse removed from here, I publish it 3. time .
You can see from the graphics which published before.
These analyzes have now reached the expected support levels. Most likely, an upward movement should start now. But there is a fact that when we check whale boards with api queries, whales expect to collect goods at lower price levels. Although the accumulated orders here suggest that the price may decrease to 12K, let's try to predict the course technically with the language of graphics and indicators.
When we look at the big picture first, we can think that the D leg of the harmonic pattern may sag below fib 1.27. This gives us the 18K price levels.
When we look for a formation within fractals by narrowing the frame a little more, reducing the time period, chart with bar candles simplifying and clarifying the , this time we come across the classic head and shoulders formation. In this formation, the head and neck depth shows us the 18K price levels given by the fibonacci 1.27 measurement just before.
In the graph above, when we look at the old accumulation zone marked with a pen in the region that appears to be the target of has and Harmonic pattern formation, we also see that the accumulation zone is compatible with technical measurements. In addition, we see that there is an old strong accumulation area in the 12K levels pointed out by the whale book orders we mentioned at first.
In short, I think that the price will fall to 18k, but the fact that 12K is a strong area and that the accumulated whale orders in the stock exchanges are accumulated at 12K levels suggest that the price can hang here. But my personal opinion is that it will not fall to 12K. I think that the price will be in the consolidation for a while in the range of 23-18 k and will start a upward movement.
When we continue our measurement with other technical tools, when we project the peak with the schiff pitchfork and fib from where the trend first started, it confirms that the current price level is the resistance area, and if the decline continues, the resistance area it will encounter in the future will meet the price as a support, as we mentioned again.
But as I said, it is not my personal opinion that it falls here, I only evaluate the technical measurement. I think the price will return from the current levels by throwing a needle to 18K at most.
But just in case, I tried to explain the measurements without skipping the measurements in order to develop a perspective against all risks in your strategies.
If we draw a fib trend channel guided by the Gann box, first of all, when we look at the weekly period;
We can predict that the intersection of gann 0 and fib channel 0.5 will act as support in the 12-13K range.
Even though I don't think it will drop to these levels, I still share the measurements. I have also shown the compatibility of this area with the previous accumulation zones in the graphic below.
There is a strong possibility that the gann and fann intersections will also work as resistors in the future. I have marked these areas with a green pencil in the chart below.
If the decline continues, the green areas are marked as resistance, and the red areas as support and accumulation areas in the graph below, where the common fractal intersections are given.
The chart below is just my assumption, apart from measurement and analysis. I am not saying that it will be like this, but if we think that a new formation or pattern will emerge when the current harmonic pattern is completed, we can think that a new harmonic pattern may be formed by thinking that the green regions will work as resistance and the red regions as accumulation and support areas, as we claim in the current measurements. In this case, a graph will appear as follows.
The above graph is my personal view and a hypothetical drawing. I suggest you don't take it seriously. If you follow a path like a graph above, we can assume that prices can rise up to 32k again and will experience a serious decline from there again.
Now I will share a different graphic with you. You may think that the graphic I shared above is a coincidence. If we explain the graph;
First of all, what is this?. It is a form of measurement that is not included in the information in the books drawn according to the Fibonacci time period using Gann measurements.
I want you to look at the dates at the bottom of the graph. January 1, 2020 etc.
A gann box was created by taking the fibonacci time frame of the trendin, which was formed when Bitcoin was reflected on the first tradingview charts. This gann box measurement was replicated sequentially with no change. The Fibonacci 0.5 level of all gann boxes is marked with a vertical line. This marked fib 0.5 level detects all radical changes in direction from the time of the first chart to the present. If you look at the candles covered by the boxes I placed in the middle of the Gann 0.5 vertical and 0.5 horizontal positions, these candles have always changed the direction of the trend.
What a coincidence, these breakdowns occurred on the 1st day of each month, according to the chart we watch monthly. And it's been 3 years in a row this January.
The 12K price levels I mentioned in the first part of the analysis again coincide with the 0.5 level of this gann box. I hope this doesn't happen. I don't think it will. As I said before, this is a hypothetical approach. So I don't want you to blame me. Because I say it's conjecture. In this chart drawn on a monthly period, we see that the next major trend reversal coincides with January.
I guess only then will I be able to confirm the accuracy of this hypothetical technical drawing, although it is based on technical measurements.
If we talk about indicators a little bit; We can see that the sellers are still strong in Aroon .
rsi has fallen below 20 in the daily period . From here we can expect an upward test turn.
The cmf indicator is also -0.23 in the daily period as of now . Cmf indicator is one of the indicators I care about. It does not cause any loss in purchases made under cmf -0.20. If it is -0. 40 and below, you will definitely profit. So a test return can occur according to cmf . Accordingly, I think it will turn up by a spike at 18K levels.
Finally, Adx shows that the downtrend is still continuing.
Summary: 18-21K seem to be suitable regions for reception. But the graph data showing 12K requires us to be careful. Accordingly, after purchasing an amount between 18-21K, a stop can be written under 18K. Buying incrementally and selling incrementally is always a more profitable method in my opinion. Of course, the most accurate strategy for you should be your experience and observation. I recommend that you do not trade with what I or others say.
Do not let my or others' analyzes and statements mislead you. What I'm saying is just to add a new perspective to the point of view.
ps note: This not investment advice.
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Bitcoin trying to fightback but stiff resistance weakness ahead.Bitcoin trying to fightback but stiff resistance ahead 33031 which was a major support is not a major resistance.
Supports for Bitcoin: 29757, 28616, 26101. If 26101 broken next major support will be only at 19808. (reaching 19808 very likely in the medium term).
Resistances for Bitcoin: 33031, 34787, 37173 and major resistances will be 39303 and 43086.(reaching 43086 very unlikely)