One 4HR Pitchfork To Rule Them AllNot much to say. I was right last year and called the drop from 62 pretty perfectly. Im not saying im right this time, but I do see similarities. Im only making this because the other one I made was on the week on accident and I don't look at the week really. Not for more than 10 seconds anyway.
The 4HR should give everyone the ability to go through this and analyze it for themselves. Sorry for making the Week one, that one sucks. Ill make a day one too and attach them.
Please spread the pitchfork it if it helps you. I dont care about the likes on the cart, I would much prefer to help people see what I see. There is a lot to gain from understanding the movements, even if you arent always trading.
Bitfinex
Bitcoin outlook Jan/Feb 2022Hello Tradingviewers!
I'm going to share my thoughts on Bitcoin. I see a lot of people posting bearish charts etc. But i think they are to late. Let me show you why:
First of all i want to mention that we are in some form of expansion compared to previous bullmarket. So that's a sign for me that the market is still growing. But it's also a thing to keep in mind. History repeats, it rhymes etc. BUT It works untill it doesn't.
Ok, back to the technicals. Here is the weekly chart:
What do we see here? Yes, a strong uptrend. And price came back to the demand zone. Time to accumulate some orders before we print a new ATH. There's a lot of created liquidity taken now. And price is still moving above the protected low.
On the daily timeframe it's easier to see which liquidity is taken:
- $41.634
- $40.775 (equal low's)
So here's why i'm not looking for shorts. I'm actually adding some btc into my spot wallet. And looking for long entry's!
Keep things simple. Don't over analyse & stick to your plan!
Thank you for checking in!
Do you have tips or other comments? Tell me please! I'm open for feedback!
How I Traded/Analyzed this last week 95% CorrectExcuse the breaths, I believe I have bronchitis.
I use the replay feature to go over what I was looking at over part of this last week. I think it is pretty insightful and at the same time, shows how even though I have been right almost 100% on recent "if x does x scenarios" there are definitely times that I look at the chart and say: "I'm just not sure what is going on?" and need to wait to see what happens.
I hope this is helpful and gives some insight. I think my way of trading is one of the easiest to pick up and is pattern recognition friendly, but because I do not have a lot of indicators, there is more importance on the movement of everything itself and somewhat the "fundamentals of the market" as opposed to the fundamentals of a crypto coin itself.
Mainly, I ask myself "What pattern and movement will make this look the most bearish and bullish. If i had billions or millions of dollars, I would only reinforce the spots that look good for me, but I might also reinforce the spots that will make it look bad for the other side. So maybe a heavily weighted bear was buying BTC earlier to keep the price near the resistance, but not pushing it past that spot. Now they are creating more bears. Sometimes it is more bullish to go past the current price if the price just drops.
BTC ADA TRX Update13 Minute update on these coins.
This is what I think will happen and how it will happen. It is def worth the watch, even if you don't want to listen, briefly go through the video and look at what I look at. It is simple and informative AS LONG as you know how to interpret it.
I've been right almost every time this last week. This guess on the movement is pretty ambitious though. So I am a little worried about it being wrong. Though, if one can read the dbl hull avg and the 200 smma (I forgot what it stood for =]) , any deviations should be easy to see.
BTCUSDT, Bears are still more powerfulHello everybody
If you want to training fundamental and technical analysis from beginner to professional you can send us messages in private and our id in social media is in profile.
We backed with another analysis of Bitcoin in these days, If you are not following us and do not know what is our previous analysis is what please go and read the explaination to understand this analysis that is base of fundamental and technical and macroeconomy view.
According to the chart and our serial previous analysis, the price done the stop hunter but the important thing is INFLATION.
in last week the repot inflation of December was published and its a little more than their predicted and a little higher than November, but what does it mean ?
When the inflation was published 7% its more than they think and this mean the people in the world, they have no desire to investment in risky markets like crypto like gold like stock or ... and that markets are ready to dump but this report its not much more than they predicted and because of that the market is ranging until now and we have no powerful movement.
The most important other thing in market is the whale of BTC are buying Bitcoin and rising their balance of wallet, and this means their wanna move the price in future because they are saving a lot,but this is our view from this movement of whale and only this is our analysis and what our think.
From the technical view until the price is trading below the orange trendline we shown on chart the bears are still more powerful than bullers and the price should drop more and more and more.
We advices do not trade btc in this time just hold it and if you dont have any BTC wait until make this clear.
If you have any other question send us messages in private
Good Luck
Abtin
Previous analysis :
Bitfinex BTC Schiff Pitckfork Insane!This chart is not meant to be looked at from this view. I just want to show an overall picture. The Pitchfork really shows its strength when you look at the action at these trend lines on the shorter time periods such as the 4HR.
My last one was able to give me the ability to call most of the action between January and June 2021; ~85%.
This one looks pretty good too.
I make these to share and because I like looking back on things. I hope this helps someone understand my perspective on btc at the moment. I have a video as well if one is interested.
Points for schiff Pitchfork.
Low of Jan 12 2015
High of March 09 2015
Low of August 17 2015
BTC: The Not-Peter-Schiff-PitchforkIts a good video to skim through and see if you like this Schiff Pitchfork's placement and values and take the values and use it for yourself. That is what would make me the happiest.
I think on the 4hr and 1hr BTC looks ok-good, but on the other timelines it looks horrible. We are near the main trend line. It historically has come back to this line to touch when it comes down.
I would think it normal to see the neckline of the head to form its base around a dip between 34-37k and forming a new base for upwards movement there.
Moving up from here whiteout a dip only worries me at the green line (around 47k-47.5k at the moment).
It has upwards movement as I post this, but I remain skeptical on its strength.
Bitcoin Exclusive CME GAP Chart Update#BITCOIN Exclusive CME GAP Chart:-
- As per CME GAP $Bitcoin Bear Market will be very Bad for CryptoLovers.
- If $Bitcoin not sustained this $40k support then we can see Bitcoin CME GAP 1 could be filled.
- Let’s wait which side Bitcoin Move.
- Bitcoin is already-43% Down from ATH
- Bitcoin Bear Market low could be $18460
- $9665 GAP fill is Like Impossible but Keep in mind this Area.
- Waiting for Bull Market TOP.
Guys If $BTC failed to hold $40000 support then Ready to CME GAP targets.
This all Gap can be filled below $40000 support.
I am not Bearish but This is trading so Keep in mind all scenarios.
If Bitcoin Hold This Support $40000 then Trust me This bull market will be Massive.
And Target could be $150k-$200k
Hope you understand and Ready for all scenarios.
Happy trading Dear Friends.
Please Spread this IDEA and Share your Love guys.
Thank you.
BTCUSDT, Today event news is most important for the marketHello everybody
According to our serial analysis of Bitcoin before that last drop happen we analysis the condition of market that show the investor and trader that what kind of scenario can be happen.
In here from the days ago we shown on chart that the price should drop to stop hunt and liquid the position and fill the order than its ready to move upwards but we have important event of inflation.
From 2 years ago when the pandemic of corona happend in the world the country confront inflation because of the condition of the markets and many reason that very long to tell all of them in here.In about 2-3 hours later the conferance of inflation in US is coming to tell that the report is what happen from the last month and this is important and sensitive for the market.
If the inflation of this month is more than 6.8% report its not good for the crypto market and it can drop more but if the inflation report toward the prediction the crypto market is ready to move upwards toward the 70k$.
Becareful about futures and in between the time of event do not entrance in any positiona and trading because we have tolerance in price.
Our prediction about this report and ... we believe technical very much and we say in technical we move before the news want to publish and because of the support price in important and sensitive zone happend, the whale move sooner than the report want to publish and we are ready to move upwards.This is just prediction and everyone should analysis by itself and our analysis can help you to know your mistakes or give you a view of chart and analysis .
Good Luck
Abtin
Previous analysis :
ETHUSDT, We should buy in these zoneHello everybody
According to the chart and previous analysis, the trend of the movement price is upward and we are in correction but the market do the trader bored and this is exactly the market maker want to happen that the trader sell the portfolio of the coin and get out of the market.
Be consicious guys dont sell your asset in these price and hold it the market can change this bored trend to attractive.
The all of the market it depends to the Federal Reserve decision for the rate and after that they tell us what gonna do we can decision and market will do the exactly right way.
In here we shown 2 buy zone area that the price can come and reach to them and after that it can be ready to move upwards from these zone.
You can buy step by step in these zone and be careful guys dont panic sell and the important point is if the price break the key point level powerfully and can close candle below this level we should be worry that time because the trend can change to the downward and this one its not good for the market until there time everything is okey and there is no need to worry.
Good Luck
Abtin
Previous analysis :
BTCUSDT, Exactly move to our predictionHello everybody
According to the chart and our previous analysis of Bitcoin we told every body that the stop hunter can be happen and now exactly this theory happend and we are ready to know the new scenario that bitcoin we think wanna do.
After that dump from 56k was happend we shown on chart that the power of the bears are most heavier than the bullers and until the price was trading in below of that trendline the price can dump and exactly happend and in 2 or 3 previous analysis we shown that the price was moving in pattern price and we expect that can drop but the price go up and impacted to the resistance zone and did our scenario failed ?? No bro, exactly our scenario will happen but the time of the happening was changed, the market maker did some greed to the market to rise the ELR and then want to liquid the position to take our amateur traders money then have money to buy in lower price.
Yeah bro, this is the think of market maker this is that the whale wanna do and give us fear to sell to them and after that...
In here after stop hunter was happend we expect and we need some time that the price have some consolidation then its ready to move upwards and check the resistance zone again.
Previous analysis :
Good Luck
Abtin
Bitcoin Exclusive update ( Finally I am buying with Tight SL )#Bitcoin Important Update:-
$BTCUSDT still dumping and currently trading at $41000
I am buying some here in Spot ( Not Leverage)
My Entry zone = $40000-$41000
Targets:- $52000/$65000
SL:- If any Big time frame candle close below $40k then Smart view is exit.
But if Work this chart we can see $52000 and After again we can see $40k range.
And Most important level is $40000
Failure this Support mean Next $30000
This Is Very neat and Clean View of Bitcoin current market scenario.
Never use High Leverage if you not sure about Directions.
Support:- $40000/$30000
Resistance:- $52000/$65000
Bitcoin Broke down $45000 support so now ready to $32000 ?#BITCOIN Weekly TA Update:-
$BTC currently trading at $43500
As I always aware you about this Volatility.
Many Traders Liquidated all fund in last 12 hours.
Now..?
Bitcoin Weekly candle closing still 4 days left.
Bitcoin bull Last hope from Weekly candle.
If close above $47000 then we can see still bull zone.
Daily..?
Daily already break down Support and also closed below support so I am bearish in Daily time frame.
So If weekly close also below $45000 then we can see first Support and Target $32000
Support: $32000/$19000
Resistance:- $47000/$65000
head and shoulder bitcoin?head and shoulders on mother bitcoin ?
just an observation folks!!
Tether has not pumped with a print in a long time. Now I've always thought that tether printing and china has propped up the bitcoin market
now china has banned exchanges and tether is getting chased by the regulators
i hope im wrong
Bitcoin Bullish ( 2022 My First Bitcoin Analysis ?#BTCUSDT Exclusive TA update :-
$BTC currently trading at $47000
IMO this is best time to Buy #Bitcoin in 2022
As per chart $45000 is Strong Weekly resistance.
December Monthly Close Price is $4628
Which is act Like Strong support.
And $44000 also Monthly Good Support level.
$46400 is Weekly Strong Support.
Perfect Stop Loss for Spot Entry:- $42000
If Hold $44000 Monthly support then My 1st Target will be $65000
Most Important Point=
If $Bitcoin Break $65000 resistance then we can see New All Time High TOP could be $2,50,000 per $Bitcoin
Bear View:- If break $44000 support and any Weekly candle close below $44000 then BTC bearish.
Support Levels:-
Monthly = 44000
Weekly = 46400
Daily = $45000
Bitcoin All Time High Will be $365000 in this Bull Cycle ?#Bitcoin All time High Chart Update:-
$BTC trading at $47700 at Writing this Blog.
This is Monthly chart.
As per monthly chart $Bitcoin always bullish in past also.
In simple way I will clear all Doubts:-
1st:- If Bitcoin Any Monthly candle close above $68000 that’s real Bull cycle will start.
And Target will be $365000
2nd:- If Bitcoin Break this Month low $42800 that’s mean We can see another new low in Coming year 2022
So if breaks this low then High Chances to hit $34000 Monthly support zone and that will be also High demand zone.
But If any Monthly candle close below $32000 then we can see $14000 also.
Mean to say that will real Bear market start.
If you say My Own Prediction then:-
---- $BTC Will Break $61000 Resistance
on 1st-30th April 2022.
---- $Bitcoin Will hit New ATH on
November 2022
---- My New ATH Target is > $150k
Thank you for Your Love and Support.
Please Like and appreciate my hard work.
EOS $~90 Realistically Still In PlayEOS is one of my favorite alts, besides XRP and DASH. It has great price history, and it did perform exceptionally well in 2017/18. It is still listed on the biggest exchanges and so therefore i still believe that this market cycle will have its turn to shine.
If we extend fib. extensions over previous bull run, where level 1 is sitting at ATH, it just so happens that level 0.236 sits on top of the rally prior to capitulation. This further confirms that levels could be respected and price to eventually reach $90, maybe a bit more but not by much.
You can also see that if we overlay the first 2017/18 rally from the recent bottom you can see that if we did something similar in length now, we would get to near $90. That is even further conformation for me for that target.
I am not a financial advisor so non of this should be taken as a financial advise. Be well
BITFINEX:EOSUSD
Is this the short term bottom of BTC?As you can see the 140 EMA is rather useful EMA on the 4hr timeframe of BTC.
On top of that we have a diagonal trendline starting from the 7 October lows and on top of that we have an oversold RSI, StochRSI and MFI.
Check out the related idea below for what happened the last time I publisher similar idea ;)
If you hit the like button it would really help me grow my following, thank you!
LITECOIN ( LTCUSDT ) Ready to $2000 ( 800% ) from here ...?
#LTC/USDT Exclusive Update:-
$LTC currently trading at $218
And Our entry also filled at $129
Already did 90% from Last Spot Entry.
Now..?
Re Entry:- $200-$220
Now currently broke out $186 resistance and Trading above Resistance.
So I am expecting Targets are:-
TP1:- $372
TP2:- $917
TP3:- $2000
Stop Loss:- Will update
Support:- $186/$140
Resistance:- $372
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Thank you..