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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 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
53
Bitcoin situation update and Trading PlanSo, in the previous idea of February 3 (I will attach), I assumed a correction in the block 21500-20800 as you can see, our scenario from this idea is perfectly implemented, for a better understanding, I strongly recommend reading this forecast and trading plan. Now to the current situation , I am now taking the side of an aggressive buyer and getting both alt and bitcoin as I was waiting for the price to come into this range . Moving on to the technical picture - we are in a strong support block , which was previously our resistance , these are the price values of $ 21500-20800 , I believe that now there is an additional accumulation of the asset with the goals of throwing into the block 28-30 k for bitcoin . IT is IMPORTANT to keep this support block as when anchoring below , the road to the next range is open . I have shown you an approximate version of the price movement , and also noted the main levels that you need to follow . If you make a trading decision about recruiting and following my proposed trading plan , then be sure to recruit partially and from the anchors , so that the recruitment process is easy for you psychologically . I 'll write a few more words about the viola , there are a lot of new , and most importantly , relevant setups for the viola set , so check it out - maybe look at something , I repeat , I 'm also starting to gradually dial the alt in this range , I 'm typing only the one that I gave in the channel . In general , I briefly described my action plan , if something is unclear , then ask in the comments . Good luck in trading .
Long
by ezzzforme
#BTCUSD - 30% Long has Finally Closed. Where's this Short Going?Well well well... What a month it's been for #Bitcoin. We've seen some huge gains and managed to net 30% ourselves with a #BTC long. Now we've got a Short signal from CTv2. We can see a few defined areas where the price may be heading next if this Sell signal shows promise - the most likely scenario is Bulls are still prevalent and the price might only drop to the nearest level of support, around 10%, still a very nice Short trade to make! The other option would create a pretty clear Head & Shoulders pattern and would mean #BITCOIN price reverts to previous levels down at around 16k - this would make for 20% profits or more! If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
KRAKEN:BTCUSDShort
by theCrypster
4
Bitcoin BTC price and altcoins forecast for this trading weekToday, we're going to take a look at the BTCUSDT chart and write down our thoughts and expectations for the crypto market this week. At the moment, it seems that the white fractal has started to work out of the two fractals we proposed last week. Given the fact that there are no US macroeconomic data will release this week, it should be a quiet trading week. Stable price movement "to the right" with a slight volatility of 2-5%. While the BTC price is unlikely to show strong movements, some altcoins may take advantage of this calm. The only interesting thing this week that may be waiting for us is attempts to organize "upward shots" of altcoins that have not yet really shot in 2023. Therefore, we must be looking closely at the altcoins with increasing trading volumes By the way, let us know in the comments which altcoins you think might pump this week. But already on 14 February 2023 , when new US CPI data is due to be released, the fractal shows us that a more dynamic correction to the $19000 area may begin But this is a completely different story, which we will tell in our next ideas. And you can like, comment, and subscribe to us to always "keep your finger on the pulse" of the crypto market with us. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
64
Bitcoin analysis per week ( Divergence ) 📉📈Divergence is one of the well-known and widely used methods for determining price reversal areas, whether positive or negative, and thus helps to determine entry or exit areas 📉📈 Divergence can be used with momentum indicators in general like: '' MACD ''-'' RSI ''-'' Stochastic oscillator ''. We notice in the picture a difference between the price on the chart and the '' RSI '' indicator, So now the price is in a downward trend opposite the indicator that is in an upward direction, and this indicates an upcoming positivity.📉 Divergence is one of the many trading methods that we use to build an integrated strategy, and of course, we can use it in any time frame we want ✍️ ⚠ You must wait for a signal or entry sign in order to buy bitcoins.
BITSTAMP:BTCUSD
by Mr_HaMza_
2
While the price is held by the Short Support Level, do not openGreetings friends, in this idea I will analyze for you the situation on the Bitcoin chart. On the 1D timeframe, we see an excellent working out of the rare Adam and Eve pattern. At the moment, the price of the coin is held by the Support Level of $22788 and I would not advise you to open a short position. If you want to enter the position now, I would consider going long to the Resistance Level of 25149 $. If the price breaks through the Support Level and consolidates, then you can consider a short position.
by ViktorTrade888
6
Bitcoin BTC/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. Chart timeframe is on the weekly. You can take a look at my previous weekly btc or daily chart. The info is pretty much the same, however on this chart I am zooming out even further for you. The chart on the daily for my previous chart is wrong though, I did not use the full data given to me with that chart. On this BLX chart I have the full data. On the daily I had the bottom marked around 20k and weekly I have it marked around 12k. Regardless of where I have the bottom marked, I will claim both of those charts to be off since I do not have the full data. On this chart I have data going back to 2010 giving me a more accurate wave count. Wave 1-5 on the smaller cycle took us about 11 years. I am expecting wave 3 to go a bit longer, about 12 years. Currently we've finished wave 2 or we're finishing it. Either the bottom is in at -77% or we have one last leg down to 12k, being -81%. Wave 3 price target is 180k (no moonshot). A long position from today's price your R/R ratio: 12.52 Possible upside: 636% Possible downside: -50% A long position from 12k your R/R ratio: 120.33 Possible upside: 1241% Possible downside: -10% I'd like to say none, we might wick a bit lower, but personally I would claim this to be the bottom and not use any stop losses. I will dive a bit deeper into this chart below so I don't make this chart too sloppy.
BNC:BLX
by AyoKu
2
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.
COINBASE:BTCUSDShort
by FetchTeam