AW Bitcoin Analysis - My Thoughts on Current Price Action...Another update after reviewing the waves earlier, there are just a few more things to consider.
Wave 2 might have ended but we need to see price action fall below 21,533 from current levels.
The reason I say this is because impulsive moves typically have very shallow retracements.
At the same time Wave v of Wave 1 was sharp.
We also have big rejection candle from the recent spike that hasn't really resolved in any direction yet.
All in all, I still think there's a chance we could fall from these levels.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Bitcon
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
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Bitcoin 200ma Buyers and ShortersIn the history of bitcoin, the 200ma on the weekly has been a good place to buy before a great rally upwards. This time, buyers of the 200ma weekly were in loss to about 30.5%. Shorters of the 200ma weekly got a 2R trade. Price is now at their entry again. This is tracking the long entries that have been waiting for a significant rise since the drop.
R is risk. The number in front is the multiple of that risk. Risk is calculated by how much price goes in the opposite direction of your bias after your entry, before finally going in your favor. This is the concept of actual risk.
Return to the mean HI again and welcome to my new update.
We have seen very weak year ending in stock and crypto market.
So I refresh chart while remaining almost the same.
Trends went sideways, however I personally see more downside in Q1 and maybe Q2 period.
This would lead to achieve my long-term buy zone.
Everything important is matched in my daily chart.
Yours Emvo.
*This is not any financial advice.
BTC SHORT 16K BY ELECTION TIME NOV.2022THE SELL IS IN. We cannot get a solid close over 24.6k to push for a 30k test which alludes me to a dive down to the impulse at 15-17K.
The interest rate hikes in the past 6 months have just been another driver in KILLING the price of BTC and majority of cryptos. The banks are broke and are liquidating their initial positions for a possible lower buy in.
The US gov is also looking for crypto regulation which would further dampen the price as this is not what crypto was created for. They will speak towards this in the NOV elections as well. The US GOV wants to us USDC/ USDT
We tested 20K today 9/27/22 but it could not hold over.
BTC wants low LOW. It is in the bottom depths of consolidation towards a cheaper price.
19K flat is a safe buy in zone but you can look for a high 19.5K test to enter. This will not be a fluid drop but a choppy drop.
Anything lower than 16K = 12K SOS
SL: 20.1K
TP: 16K
RR: 1:2.5
BTCUSDT - ConsolidationHello guys, here in the buy zone that is marked in orange when we get a lower TF confirmation, I will be looking for a buying opportunity as consolidation may occur. This is short-term trade!
IMPORTANT WARNING:
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Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 65% chance Bitcoin will Rise from our current entry point.
📉 LONG - BTC : $19,870📉
💵 Length of trade: we are expecting BTC to hit a 200 scalp, with a high end of 300, and a minimum expectation of $175.
🕰️ Duration of trade: we are expecting this to occur in 4.5 hours of this signal; having a possibility of the Min. Profit Target being hit with a fast spike under 1.5 hours. Then we see a maximum duration of 9 hours .
⭕Best BUY area for ETHEREUM 💣🔥🔰You can see the Ethereum analysis in the 4-hour time frame(ETHUSDT _ 4H)🔍🧨
According to the upward trend line (black🖤) as well as the price movement in the classic flag pattern(Orange🧡) , the suitable area for buying can be considered in the overlapping area of the upward trend line(🖤) and the bottom line of the flag pattern (🧡) and the DEMAND range, and the target can be predicted as the SUPPLY range🧐❗
Do you think this analysis can be profitable❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce "TRADER STREET" to your friends 🙏🏻
____________📈TRADER STREET📉_______________
BTCUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
BTC LONG Potential long on btc, being very cautios as we havnt hit 50% the ob weve discusses prior but we have seen a LTF reversal as shown on chart.
will look to enter inside the ob and will have 2 targets.
1st inside the fvg+OTE of market open PA as shown with fib.
2nd will be above the weekends highs, sunday stop run was shallow and left relitivly equal highs with a untested ob above.
If second scinaro plays out well look to short inside the ob!!!
BTC/USD big moves await The weekly closed under 31k... if I followed my rules id have to go short but my gut tells me its all manipulated.
With a break of the triangle we will see what direction it chooses to go, it feels like an up to me.
You'll have to note how fast of a jump BTC will pull this off, if it happens before weeks end and the weekly climes back down under 31k and the week closes then I can be 99% sure well fall from there
This could be the bottom but id like 40k to break first to officially be confident in that
good luck, be safe
Bitcoin strong RejectionThe reason we see a huge rejection technically because the bitcoin price was still in bearish divergence with a hidden bull inside looking at the Macd Daily timeframe... its like the bear have to release some pressure of the bull lol.. the price tested the 200ma and pushed back immediately... the price was in consolidation for few days in 4hr timeframe meaning it was at the point where price was overbought and losing buying momentum. Then the price immediately entered back inside its pervious bearish channel. If the price don't pull back up and continues falling we can expect more bearish divergence. On the other hand the DXY took a strong bullish move and it can continue to go up with bullish divergence... We will most likely see bitcoin retrace to 25k to it pervious low if price continues to fall
good luck
Tether Dominance Analysis5/14/2022🟡 USDT DOMINANCE
🕒 Daily TF
➖➖➖➖➖➖➖
USDT dominance is forming a bearish ALT AB=CD pattern, whose potential reversal zones are 1.272 and 1.618 fib extension retracement levels, from where we can see a reversal.
So, a reversal can be expected from the marked two levels, which would confirm a bullish sign for the crypto market, after the reversal because USDT dominance and the crypto market work opposite each other.
✍This Analysis will be updated.
📆5/14/2022
Bitcoin 28 April 2022TOP Side = 40600 - 41000 according to Implied Volatility and ATR
BOT Side = 37800 - 37500 according to Implied Volatility and ATR
Expected movement at 28April 00h between 3.5 - 4.5% movement during the day
In terms of fundamentals that can affect BTC
At 14:30 european time(in 4h) we have the release of :
US GDP
US Jobless claims
Both of the them are expected to lower than previous values -> Bearish Movements
Conclusion:
Once BTC is going to get closer to 40k we can go into a short trade
with SL above 41k and aim for 38-39k