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#1 or #2? Or any other idea?| Your time is precious so I write concise and precise, feel free to ask for more | So far, we have broken the support due to the FTX scandal, spending time here, and I am assuming two scenarios. #1 With a motivating narrative/news, we will rise above the support and attract more funds to the crypto market. #2 We will dump to the next support as the market continues to struggle in tandem with the unfavorable situation in the SPX500USD. As a result, I anticipate a good buying opportunity between 12K and 14K. There are two yellow arrows there, which I believe will act as a liquidity pool and driving forces. Do you consider any other possibilities? I would be happy to find out. Wish you green | Your time is precious so I write concise and precise, feel free to ask for more |
by Rezakaz
4
Sharing my first BTC chart analysis.Hello Trading View, this is my first chart for BTC and i want to share with you my thoughts on it through my idea. - So to begin with on 19/Sep until 25/Oct, BTC was traiding lower than the big main support line which was holding on from the beggining(YEAR-2013). (WHITE LINE) - On 26/Oct BTC was already above the WHITE LINE and now is still trading above it. My though here is that this WHITE LINE is very important for BTC and despite the negative news around the world BTC clearly showed that it wanted to stay above it. If this is the scenario then i believe that it will continue to trade sideways with some fake break outs under the WHITE LINE and by the time that will reach the GREEN LINE it will go on higher trading levels because of the bullish break out that it will have. (AS I DRAW WITH WITH WHITE PENCIL-ARROW) I know that negative news are coming but Bitcoin always likes to suprice everyone. For long term investment i believe its a good time to DCA some BTC. Thank you for taking time to read this. Please feel free to comment down i really want to hear your thoughts on this. Best Regards, Christian
BITSTAMP:BTCUSD
by Christian_coin7
4
Bitcoin Trend Analytics September 19The key support is broken. Now BTC is sliding down. Control your positions. $18218.53 area is the next support. If this area is broken, a second slide would incur. (Similar to the movement of breaking the key support) After the breakdown on the key support, the short-term movement forms a new short-term downward channel, resulting from a panic selling. BTC is under heavy short-term pressure. Stay patient before opening positions. The market expected interest rate hike in September: 75bp(82%),100bp(18%)
Short
by BitMidas
1
CUP AND HANDLE SET UP $ICPThese rules are based on Thomas N. Bulkowski's book 'Encyclopedia of Chart Patterns' Hi guys, cup and handle set up on ICP. 1. Previous to 1st cup lip rise in price > 30% 2. Right cup lip around the same price as left cup lip 3. Length of cup > 7 weeks. 4. length of handle > 1 week. 5. Invalid if daily close below 50% of the cup These rules are based on Thomas N. Bulkowski Targets are on the chart.. would suggest running a trailing SL to get max returns on this one. Like and follow if you found this of use. Not financial advise.
COINBASE:ICPUSDLong
by mammamia2
Bitcoin Price Prediction: Bottoms In... During the last cycles bitcoin has never fallen below the weekly 200 moving average. During the covid sell-off price wicked below the moving average for 2 weeks, but this was merely a deviation from the trend. Right now bitcoin has stayed below the average for 6 weeks. But in my opinion this is just another deviation from the trend to fake out traders. At the moment so many people are bearish, and that usually is the point where the market turns around. The majority is never right. Buy the fear, sell the greed! And the answer might be in the RSI, every time bitcoin has turned around when rsi was around 30. This time rsi went as low as 25.71, lower than it has ever gone. But as you can see the RSI has started a small up trend. Which makes me believe the bottom is in. Can we go even lower with rsi and price it self. Yes that is a possibility. But for now as long as the rsi starts making higher highs and higher lows, price usually follows. For now I am of the opinion that the bottom is in for the cycle and we will start and up trend from here.
BNC:BLXLong
by YoMMeR
Bitcoin Trend Analytics July 20thSupports keep moving up and BTC is trying to establish support at the top edge of the box. BTC is trying to confirm the breakout within the 3-day time frame. Today if the top edge of the box is not broken, it will go up against $24692.22, or else it’ll consolidate again within the box. Monitor the oscillation zone around $23000, between $23101-$22733. Both cryptos and the Stocks rally are betting on a lower-than-expected interest rate hike or the possibility that Fed ends QT in advance. If so, bulls will take control. So keep monitoring the interest rate release on 27th. S&P500 central support is 4033.7. The key support of the month moves up to $18764.79. (moving up is positive, vice versa) We're still facing pressure on macro: the expected Fed's rate hike now is 75bp (65%)/ 100bp (35%)
Long
by BitMidas
BITCOIN in range mode, 1HIn the previous analysis, we expected to break the $19,600 range, which was weak, and now it is in the range of $19,000 to $19,600 in the 1-hour time frame. According to the chart, if this range is crossed, we can expect the price to rise to resistance points. And if it moves down from the range and below $19,000, it can have a correction up to $18,800 and $18,500. With the failure of one of the support or resistance points, the analysis is updated. Its not Buy or Sell SIGNAL DYOR BY : Mohamad Teriz - @AtonicShark
by AtonicShark
1
Where is Bitcoin bottom and how to plan your trade?Following the principles of vibrations, and the concept that market repeats patterns, here is analysis on BTCUSDT. Bitcoin started downward spiral from 10th November 2021, the high price of 69198.70 USDT crushed all dreams of people who kept an order for short at 70KUSDT levels, nevertheless, few made it possible and quickly booked profits. Most of CT influencers like Plan* and many others thought it would cross 100KUSDT , a slow clap and a big laugh, now everyone is crying, many of them got liquidated. Crypto is hard on people who hold, and that is why RSI is your best friend. RSI on bigger time frames gives you many options and many days in advance to plan your trade. A stop loss, perhaps is crucial and crypto allows you to trade both ways, a long and short both can make you money. Now coming back to the point, market repeats patterns, even if it does not it can give us a range, perhaps some levels and we can plan trade based on them. Now Nov 10th, 2021 started downtrend, based on Falcon Waves (I have written about it many times, I will keep target for 5 waves down. Before that, we had a top on 14th April 2021, when price of Bitcoin was 64986 USDT , and then after 5 waves down BTCUSDT resumed its move up based on Falcon Waves. Important dates and difference between them is analysis that we need here, and then we will add Falcon Wave Theory and get the final result. Falcon Wave runs in ABC followed by accumulation phase. Wave C has 5 internal waves that started on 14th April, we will first understand Gann Analysis, and time period difference and try to find some coorelation on current market conditions and draw some reference and add Falcon Wave Theory for current Market to find Bitcoin Bottom. We had a top on 14th April 2021, when price of Bitcoin was 64986 USDT 14th April to 25th April (WAVE 1): 11 Days 25th April to 10th May (Wave 2): 15 Days 10th May to 19th May (Wave 3): 10 Days 19th May to 15th June (Wave 4): 27 Days 15th June to 21st July Wave 5): 36 Days Important to note that Wave 3 and Wave 5 completion was about 63 Days. The ration here is almost constant at 1.36 More on this: 11/15 = 1.36 15/10 = 0.67 (This is almost half of 1.36 (1.36/2=0.68)) 10/ 27 = 2.7 (This is double of 1.36 (1.36*2=2.72)) 27/ 36 = 1.33 (almost equal to 1.36) Here , simple observation is that 1.36 ratio has been constant for top and bottoms of wave c which was 5 waves down. Now using same method to find current market conditions. Bitcoin started downward spiral from 10th November 2021, the high price of 69198.70 USDT, 10th Nov to 4th Dec (Wave 1): 24 Days 4th Dec to 27th Dec (Wave 2): 23 Days The ratio here is 1.04 24/23: 1.04 If wave 3 is half ratio that is 1.04.2 = 0.52 23/x=0.52 x=23.0/0.52=44.23 days, therefore Wave 3 should finish by 44 days, that will be 27th Dec to 9th Feb 2022 (Wave 3): 44 Days (This is expected date) Similarly, Wave 4 will be double ratio of 1.04, that is 1.04*2 = 2.08 44/x=2.08 x= 21.15 days 9th Feb 2022 to 18th Feb 2022 (Wave 4): 21 Days (This is expected date) Similarly, Wave 5 will be almost equal to original ratio of 1.04, 21.15/x=1.04 x= 20.3 days 18th Feb 2022 to 10th March 2022(Wave 5): 20 Days (This is Expected Date) So, next date for trend change dates are (for completion of 5 Waves down): 10th Nov to 4th Dec (Wave 1): 24 Days 4th Dec to 27th Dec (Wave 2): 23 Days 27th Dec to 9th Feb 2022 (Wave 3): 44 Days 9th Feb 2022 to 18th Feb 2022 (Wave 4): 21 Days 18th Feb 2022 to 10th March 2022 (Wave 5): 20 Days Dates to watch, 9th Feb, 18th Feb and then 10th March 2022 Base don Gann analysis, 28th Jan 2022 also happens to be start of trend change, which should eventually complete by 9th Feb where Wave 3 gets completed, perhaps a drag of Wave 4 ends by 18th Feb and then 20 days to finish Wave 5 by 10th March All this sounds long, boring and slow, however this is fast. This will be quick, and will liquidate many unless you learn Gann Analysis, may be read his books. Some other dates that I will watch, 28th Jan, 24th Feb and 1st April 2022 What can be final bottom then? Based on Falcon Wave C targets, we are looking for target between 26000 and 22400, if we plan to trade, may be keep some bids around 22400 levels with tight stop loss. Trade at your own risk. By when can we expect this? Wave 5 should end by 10th March 2022, if we reach target before this then we can look for placing orders for longs. What are Wave 3, 4 and 5 targets? Wave 3 should end before 26600 Wave 4 should end before 42850 Wave 5 should end before 22400 All these prices are marked. Please note this analysis is not based on price action, and this is data based on on Gann Analysis, moon cycle and geometry with Falcon Waves. Retweet / share if you find this interesting. How to plan your trade? Use trend based indicator like super trend, that is available on Trading View. You can trade once you have confirmation. Once there is confirmation you can place your order, following these dates will help you to plan. There are some other methods that I use for trading, like Price Action, break of key level area, Elliott Waves (not much) as I have replaced it with Falcon Waves (Works much better), and also Gann analysis, moon cycle, market geometry that can guide us. Take this article as one of key methods that can help you plan your own methods, and find answers in market vibrations.
Long
by Falcon_Trader_1
BTC will breakout the $44,500 resistance this time!As you can see, Bitcoin is moving in a strong uptrend channel in the 4H time frame since 14 March, So this time I expect to see a breakout of $44,500 resistance. Bitcoin's bulls are so strong at the moment BUT before any breakout of mentioned resistance, A correction will happen. This correction can last up to $43,000 area, After that, and when the price was located at the bottom of the channel, I expect to see a breakout of short-term descending trendline and after that, a breakout of $44,500 resistance. Feel free to write your comments here, I'll answer all of them.
Long
by TahaZargar