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BTC - BITCOIN LEGACY - the big dogBTC - BITCOIN LEGACY - the big dog took a look at this beast on the monthly; going to keep an eye on this one as we go forward as a zoom out reference. its all there on the chart, two obvious comparison periods. now check the momentum levels. tbf we have macro disasters left right and center, so these levels make sense. maybe a good long term map here; im thinkin if it continues to break down here it'll prob go lower than people think.. if it holds this price level approx then keep accumulating those hot alts from the bull, they'll prob bounce harder. gl
BITSTAMP:BTCUSD
by Crypto-Quantum-Fox
4
Long trade #14 for Bitcoin BTC price. FOMC Fed rate todayWe have found a very interesting fractal movement of the BTCUSDT price, which now has a chance to repeat itself at least partially. So, we'll try to take a long position. Entry = buy zone $26456-26681 with a potential average price of $26569 Stop = $25764 (-3%) TP = $29180 (+9.8%) P/L ratio = 3.25 We allocate $10,000 for this trade In the event of a mistake, we will lose $300 If the trade will be a success, we will receive a profit of $980 We also remind you that today, 20.09, is the announcement of the new Fed rate. Currently, the market expects the rate to remain unchanged at 5.50%. Therefore, we assume that there will be increased market volatility at 18:00-20:00 UTC, during Powell's speech. We plan to enter the trade on this volatility. We also have a few of our old ideas that "subtly hint" that growth is still possible in the coming weeks: Idea from 03/03/2023 "Inverted Head and Shoulders" The BTCUSDT price has tested the base twice. It's time for the BTC price to grow, the minimum target for this pattern is $40-41k. Idea from 04/28/2023 The BTCUSDT price has been skillfully moving with the green fractal for over six months. If it continues like this, then by the new year, $50-51k is real. Idea from 11/18/2022. The total capitalization of the crypto market. Almost a year ago, the crypto market bottomed out. Since then, the total capitalization has grown by +25-30%, which is not much, to be honest. But if the fractal movement continues, we can see +60-70% in the total capitalization of the crypto market by the end of the year. What do you think about this trade, and what is your vision? Write about it in the comments!
Long
by P_S_trade
37
BTC Bears Back in Control - An Opportunity to ShortI am reaching out to share a concerning development in the cryptocurrency market that has caught my attention, specifically regarding Bitcoin (BTC). As fellow traders who understand the volatility of this market, I believe it is crucial to stay informed and seize opportunities that arise. In recent days, BTC has shown signs of regaining control after a period of uncertainty. This resurgence brings both excitement and a sense of caution. While BTC's ascent may seem promising, it is important to approach it with a discerning eye. Considering the current market conditions, I would like to draw your attention to a potential opportunity: shorting BTC. By shorting, we can take advantage of the market's volatility and potentially profit from a potential decline in BTC's value. This strategy can be particularly beneficial during periods of uncertainty, such as the one we are currently experiencing. I encourage you to carefully analyze the market trends, conduct thorough research, and consult with your trusted sources before making any trading decisions. Shorting BTC can be a complex strategy, so it is crucial to approach it with caution and ensure you are well-informed. If you find this opportunity aligns with your trading goals and risk appetite, I suggest considering a short position on BTC. However, please remember that trading involves risks, and it is essential to make informed decisions based on your own analysis and risk management strategies. Let's stay connected and share our insights and experiences as we navigate through these dynamic market conditions. Feel free to comment below if you have any questions or if you'd like to discuss further.
BITSTAMP:BTCUSDShort
by bryandowningqln
BTC's Death Cross: An Opportunity to Consider ShortingAs many of you may already be aware, BTC has been experiencing a rather tumultuous period lately, with its price exhibiting a concerning trend. In the coming weeks, we are likely to witness a technical phenomenon known as the "Death Cross." This occurs when the 100-day moving average crosses below the 200-day moving average, indicating a potential bearish market sentiment. While past performance is not always indicative of future outcomes, it is essential to recognize that historically, the Death Cross has been associated with significant price downturns. In October, particularly, this pattern has ruined chances for profit in the past. Therefore, it is crucial to approach the current market conditions with a level-headed perspective. Considering the potential implications of the Death Cross, I encourage you to explore the possibility of shorting BTC. Shorting allows you to profit from a falling market by borrowing BTC, selling it at the current price, and repurchasing it at a lower price to return to the lender. However, it is important to note that shorting involves its own set of risks, including the potential for substantial losses if the market moves against your position. While this idea aims to provide you with valuable insights, it is essential to conduct thorough research and analysis before making any trading decisions. Always consider your risk tolerance, financial situation, and consult with a qualified financial advisor if necessary. In conclusion, the Death Cross looming over BTC presents an opportunity worth considering, but it should be approached cautiously. As traders, it is our responsibility to make informed decisions based on careful analysis and risk management. If you are interested in exploring shorting opportunities in BTC, I encourage you to conduct further research and analysis. Keep a close eye on the market trends and seek guidance from trusted sources. Remember to approach your trading decisions with a well-thought-out strategy and risk management plan.
BITSTAMP:BTCUSDShort
by bryandowningqln
CRUCIAL MONTH FOR BTC TRIANGLEA monumental move could happen at any time in these upcoming weeks. In this weekly chart of BITSTAMP:BTCUSD , the historic triangle or the apex dating back from 2013 is nearing an end. This upcoming month should be a decisive point for the coin, and we should be mindful of it. From a technical analysis perspective, the triangle consists of a nearly two-year-old resistance and a decade-long support line. Recently, we saw the Bitcoin price stabilization between the 26 to 28k range because of that very strong trendline. Within the apex from approximately the 1st to 2nd week of November, we should expect outcomes by looking at it in the big picture. We're nearing the end of it, and let's keep in mind, it's a matter of time and patience. I'm considering bullishness considering the historical monthly return data, the -ber month of October to December is great for Bitcoin, so I'll keep it as that. It is an exciting time for us traders because it's a long time coming for many, and we expect a massive price movement. What would be the next move? Since I'm bull-biased for upcoming weeks, I will wait for the breakout of the triangle, and then the $29,000 resistance line before entering a possible position entry. If a breakdown happens, short upon confirmation and possibly take profit using fib line areas. I would like to know your opinion since you reached the end, which trendline should break? The young or the old? Let me know in the comments below. As always, plan your trades as this is a potential long-term movement moving forward, happy trading and in advance, happy holidays :)
BITSTAMP:BTCUSDLong
by Habadoo
SHIB, ARE WE IN FOR A PUMP?📈 Analysis: After nearly a month of consolidation, SHIB seems ready to rejoin the cryptocurrency market action. Accumulation and Support: During this period, SHIB held strong support levels within the range of 0.00000710 to 0.00000705, clearly marked in the highlighted box. 🚀 Bullish Signals: On the daily chart, SHIB shows signs of breaking out of this accumulation zone, backed by a 12-hour bullish price action. Our primary focus remains on the daily chart. Key Indicators: To validate a bullish scenario, we require a shift in market sentiment, a flip of the blue zone on the daily chart, strong bullish volume, and possibly some bullish news. 💹 The Potential Upside: If these conditions align, we may witness a significant pump, targeting the next zone of interest at 0.00000100, offering a potential 30% upside. This level correlates with a longer-term trend line, easily visible on the 3D chart. Confirmation: For confirmation of this educational idea, watch for a break above this level followed by a retest. Disclaimer: This analysis serves as guidance and not definitive instructions. Conduct thorough research and consult with a financial advisor before making any investment decisions.
Long
by Blast910
4-Hour Bitcoin Trading: Fibonacci Moving Average (FMA) Strategy Hey there, Bitcoin enthusiasts! Today, I want to share with you about a popular trading strategy that I use everyday, with Fibonacci Moving Average (FMA) numbers. I'll zoom in on the 4-hour chart to get a closer look at how it works. This strategy can provide some valuable insights into what's happening in the market, and I'll break it down step by step. EMA 144 Crossing EMA 233 After a Bearish Engulfing Candle: So, first things first, when we see the EMA 144 crossing below the EMA 233 right after a bearish engulfing candle, it's like a red flag waving at us. This suggests that the selling pressure is building up, and it might be a sign that prices are about to drop. Breaking the EMA 610 Support (Since Jan 2023): Next, we've got the EMA 610. This line has been a strong support level since January 2023. When the price breaks below it, it's like breaking through a safety net. It tells us that market sentiment is changing, and we might be entering a bearish trend. Retests and Rejections: After that, we see a series of retests of different EMAs – the EMA 610, EMA 233, and EMA 144. And guess what? Each time, there's a big rejection. These rejections are pretty significant: EMA 610 Rejection: The first time we try to get back above the EMA 610, it says, "Nope!" This reinforces the idea that this line is now acting as resistance, not support. Second EMA 610 Rejection: We give it another shot, but no luck. The EMA 610 is still saying, "I'm not letting you through." It's like a stubborn gatekeeper. Sideways Movement: Then, we see some sideways action. Prices are stuck between the EMA 144 and EMA 233. It's like a tug-of-war between buyers and sellers. Nobody's sure where things are headed. Drop to Test Support: Eventually, we take a plunge to test lower support levels. This is in line with the bearish outlook, indicating that we're exploring lower price ranges. Pullback and EMA 233 Retest with Huge Rejection: Finally, there's a pullback, and we give the EMA 233 a shot. But it slams the door in our face with a big rejection. This tells us that the bears are still firmly in control. Now, why do we see these rejections? Well, it's partly because of human psychology. Traders who missed the initial breakdown of these EMAs see these retests as a second chance to sell. Plus, big players like institutions and algorithmic traders often pay close attention to these levels, making them even more important. It's like a self-fulfilling prophecy – everyone expects a rejection, so it happens. In a nutshell, the Bitcoin Fibonacci Moving Average (FMA) strategy on the 4-hour chart is a valuable tool for navigating the crypto market. By analyzing things like EMA crossovers, support breaks, retests, and rejections, you can get a solid grasp of what's going on and make smarter trading decisions. Those rejections at key EMAs remind us that technical analysis and human behavior play a big role in crypto trading – it's not just about numbers and charts!
INDEX:BTCUSDShort
by sailortrades
My noisy chart. Yes, I trade these.I make these for myself and I am sharing this as-is to show how you can use alignment, geometry, price/time to capture price action with trends and pivots from intersections. I know how to read it because I built it but I hope this is proves valid confluence for others. The simple way to look at it is to follow the price , and see if it respects the trends or fails/rejects them. Pivots are marked with vertical lines and most are colored to correspond with what should be continuation/momentum. These colored areas will be great data regardless as you will be able to at minimum be able to use them as divergence (mark the price/time with a crossline) if the price does not react (change direction) that may also be data worth having because these pivots/zones are 100% meaningful. Horizontal lines can be added at all MAJOR intersections for simple price levels. You can add Fib tools and Gann fans to and from corners and intersections to build your own chart. This will also allow you to extend the chart past the current drawing limits as these trends will work for at least a few more months. COINBASE:BTCUSD BINANCE:BTCUSDT INDEX:BTCUSD Short term N Long Look I am always long on BTC big picture.
COINBASE:BTCUSDLong
by CaptBlackBeard
4
$WTC Performing Falling wedge in 1DFalling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern. In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows. Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows. If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips! A good upside target would be the height of the wedge formation. If you want to go for more pips, you can lock in some profits at the target by closing down a portion of your position, then letting the rest of your position ride.
WLong
by Crypto-Adda_Official
Starting to buy bitcoin again on a possible diamond bottomStarting to re-add to bitcoin here around 25700 in what could be the beginnings of a diamond bottom formation on the hourly charts (which is a reversal patten bottom indicator after a bear downtrend). The larger technicals are showing a higher low on the weekly chart here still so its worth adding here and see what happens, stop loss is nice and tight at the bottom of the diamond. Weekly nice and oversold so its worth trying to go long here imo
COINBASE:BTCUSDLong
by breakoutfakeout
7
🔴 The Weekly EMA 200 Line: A Vital Support for Bitcoin's FutureIn the world of Bitcoin, there are certain indicators and lines that hold significant importance for traders and investors. One such line that has repeatedly proven its relevance is the Weekly Exponential Moving Average (EMA) 200 line. It has acted as a crucial support level for Bitcoin in various instances, notably in 2015, 2019, 2020, and 2022. As we approach this level once again, the big question arises: Will history repeat itself and provide support for Bitcoin, or are we on the verge of a potential breakdown this time? The Weekly EMA 200 line represents the average price over the past 200 weeks, providing a long-term perspective on Bitcoin's price action. It serves as a key indicator for identifying trends and key support levels. Traders and analysts closely monitor this line for potential price reactions and market sentiment. Looking back at previous instances when Bitcoin's price neared the Weekly EMA 200 line, it becomes evident that it played a significant role in determining the direction of the market. In 2015, Bitcoin found strong support at this level, leading to a subsequent price surge. A similar pattern occurred in 2019, 2020, and 2022, with the Weekly EMA 200 line acting as a reliable floor for Bitcoin's price. Now, as we stand on the brink of testing this critical support level once again, market participants are contemplating the potential outcomes. Will history repeat itself and provide support for Bitcoin, leading to another upward rally? Or will market dynamics change this time around, resulting in a breakdown below this crucial support level? One cannot underestimate the influence of market makers and their ability to unsettle traders. Their actions can create temporary volatility and uncertainty in the market. However, it is important to approach such situations with caution and not let short-term manipulations cloud the overall market trend. As investors speculate on the future of Bitcoin, keeping a close eye on the Weekly EMA 200 line is crucial. It serves as a litmus test for Bitcoin's overall strength and market sentiment. If history is any indication, this support level may once again play a vital role in determining the next major move for Bitcoin. In conclusion, the Weekly EMA 200 line stands as a significant support level and has demonstrated its importance in previous years. Whether we see a continuation of historical trends or a break from the pattern remains to be seen. As always, it is essential to remain vigilant, consider the broader market context, and not let short-term market manipulations overshadow the long-term growth potential of Bitcoin.
INDEX:BTCUSD
by sailortrades
Bitcoin ; Solid support zone.1-Volume Matters One of the key indicators we always keep an eye on as traders is trading volume. It's no secret that strong buying volume often precedes significant price increases. In the context of Bitcoin, a surge in buyer interest can fuel a bullish rally. Currently, Bitcoin is experiencing a period of consolidation, and trading volume has been relatively moderate. As traders, we should remain vigilant and monitor trading volume closely. A sudden spike in volume, especially on the buying side, could indicate a shift in market sentiment, potentially signaling a bullish trend reversal. 2-Solid Support Zones Another crucial aspect to consider when assessing Bitcoin's potential for a bullish move is the existence of solid support zones. In the price range between $24,000 and $26,000, Bitcoin has historically found strong support. This level has acted as a reliable base during previous market cycles. As traders, it's essential to acknowledge the significance of historical price levels. The $24,000 to $26,000 range has consistently demonstrated its ability to attract buyers and provide a cushion against downward pressure. However, it's important to remember that past performance is not indicative of future results, so caution is warranted.
COINBASE:BTCUSDLong
by Gassem_futures
BTC Price Drops Below SMAs with Negative with Negative BTC MinerOver the past few days, we have witnessed a significant drop in the price of BTC, which is now trading below its Simple Moving Averages (SMA) of 50, 100, and 200. This downward trend indicates a potential bearish market sentiment and raises serious concerns for BTC miners. Furthermore, the BTC miner netflow remains persistently negative, indicating a continued outflow of BTC from mining pools. This negative flow suggests that miners are increasingly selling their BTC holdings, possibly due to growing concerns over the profitability of mining operations in the current market conditions. Considering these factors, all traders must exercise caution and evaluate their trading strategies accordingly. The potential risks associated with continuing BTC trading at this time cannot be overlooked. It is advisable to pause and reassess your positions, considering the prevailing market sentiment and the potential impact on BTC miners. In light of this situation, we strongly encourage you to consider the following actions: 1. Evaluate your trading positions: Take a moment to review your current BTC positions and assess their potential risks. Consider whether reducing exposure or adjusting your trading strategies to mitigate potential losses may be prudent. 2. Stay informed: Stay updated with the latest market news and analysis to make informed decisions. Keep a close eye on BTC price movements, SMA trends, and BTC miner netflow data. This will help you gauge the market sentiment and adjust your strategies accordingly. 3. Seek expert advice: If you are uncertain about the best course of action to take during these uncertain times, do not hesitate to consult with trusted investment advisors or seek guidance from experienced traders. Their insights and expertise can provide valuable perspectives to navigate challenging market conditions. Remember, while the crypto market can be advantageous, it is also inherently volatile. It is crucial to exercise caution and make informed decisions to protect your investments.
BITSTAMP:BTCUSDShort
by bryandowningqln