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Bitty

Long? Yes, I think so.Opinion: Despite main stream media yearly inflation print FUD. A glass half full approach would yield a closer look into the CPI MoM. This is the first time it has come lower than the previous period in 2022. It signals a roll-over or at least a retracement and negative effect on the positive slope of core inflation . This is not an absolutely bullish /must buy now signal. But it is a positive and early sign of a plateauing inflation . I expect BTC to stay within the range and re-tap that 23-26k area. Beyond the macro inflation news, today is also the first day the Pi Cycle bitcoin bottom indicator has flagged a buy. All in all, I do not think this is enough to take us out of the range, but I am confident it could give us the fuel needed to re-visit the top. “We now understand how little we understand about inflation” -Powell ECB Forum on Central Banking, 29th of June 2022 The CPI print could provide evidence backing a gradual pause to rate hikes and QT. ( CPI lower than previous month; it would indicate a plateauing inflation = Bullish /Risk-On) However, if the CPI remains within its upward slope; no change in course will be possible and more temporary lip service during non-official duties can be expected from FED officials. ( CPI higher than previous month, would indicate inflation has not peaked yet. Therefore, the FED would have more evidence to continue with hikes and claim a lengthier period of hikes and QT may be necessary = Bearish /Risk-Off). Either way, given the percentage size of the range, it could be that Bitcoin does not exit the range regardless of the CPI print. Outside temporary spikes to the up or downside. Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's and L's these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
Long
by TheBitcoinGeneration
Short sell the sh!t out of bitty! You're not too late to short that scammy golden coin they call bitcoin! Synopsis: Price is currently lurking around 21.6-21.8k at the time of writing. So the idea is that those levels are our entry and our TP target is all the way down to 9k. This is going to be a long trade probably but if it ever reaches our target, then i'll just pop a bottle of champagne 🍾 Aswell I predict a ascending triangle pattern. Aswell i predict the altcoin market will get crushed just like bitty will so if you're looking for that juicy spicy extra dose of risk then go short alties. Hey this ain't the end of the trend, have y'all heard the saying "follow the trend" ? It's that EASYY... SO WHY DON'T YOU DO IT DUMBAZ PS: Call CZ tell him i'm getting laid today PS:y'all gotta keep fighting the toxic 🐂 because at the end of the day, bears make money and bulls lose money. You're all losers. Peace out.
Short
by MarketSniping
7
BTC - Lets Compare Cycles - 2014, 2018, 2022I plan to do a more comprehensive writeup on each cycle but one thing is clear- on higher timeframes Bitcoin is posting a distinct pattern this cycle, and a complete deviation from historical norms. In fact, you might reasonably suggest that based on the pattern alone, this is a bullish trajectory. That said, obviously we have layers of complexity here, macroeconomic factors, more investors, more traders, more institutions and heavier whales than ever before. So pattern alone isn't a confirmation we will see upside this year.. perhaps we won't. But it does reflect the growing trust and adoption in the marketplace, as investors managed to drive up the support on higher timeframes while bears only managed to hold the line on a flat resistance in the upper $60k range. In terms of where I'll confirm overwhelming bearish sentiment- I'm targeting $34k as my bottommost support. That is where the support from July 2021 currently sits. A bounce from there will still represent a higher high, it will still have served to flush all the leverage from the market and it won't invalidate the higher timeframe ascending triangle possibly at play. That said, I need to do some more analysis this weekend.. and sleep on it a bit. More to follow thru the weekend.
BITSTAMP:BTCUSD
by 1BigPapi
2
#Bitcoin setup looking very good prepping for 75k Updated Charts: First half December sell offs are normal, historical charts and data shows its a norm as many institutions and whales sell off for taxation reasons. As posted in my earlier charts of bitcoin, we need to move above 53k to 54k to get out of the woods so we are back in the bullish channel as shown in my chart. The kind of volatility we see now just keeps the gamblers (high leverage) traders on the sidelines as they keep getting stopped out or REKT due to un predictable swings. Will Clemente further explains On chain analytics very well in his youtube videos and twitter feed which you peeps can follow to learn more on that. The RSI right now has almost bottomed out which is exactly what we like to see. The bottom right now seems in or max bottom looks like 42k. Most want to buy bitcoin at 42k or below and thats exactly what we want cause that 42k will end up being a super strong support. Hodlers / Long Term players will end up winning this setup at the end of the day. For new hodlers who are entering the market now should use the DCA strategy to get in and never go all in to average out with the best price and get max returns when we start going parabolic.
COINBASE:BTCUSDLong
by btgraph
2
Bears Prepare to Exit Hibernation Near Bitcoin's $75K ATHMy mid-macro Elliott Wave game deserves a little more work, I must admit. Better yet, maybe it'd be better to focus on more 'macro' sized moves rather than the more short termed waves. Either way, there's still profits be made! I suspected $65K would be the catalyst for a drop to $55K BEFORE we'd see $75,000 however, that turned out to be wrong. Mid-macro target ($55K/dead) Macro target ($75K/pending) Corrective Bear target ($31-$35K/pending) At this point, buying above the mid $30K range is not a smart money move imho. $35K cometh; #btfd.
BITFINEX:BTCUSD
by DigitalSurfTrading
9
Bitcoin in a critical zoneI feel we are back into a critical point with bitcoin right now, this whole rally back up to 52k never felt strong and was more of a suckers rally imo. this latest liquidation move has upset the field a little and pushed some people into the realm of uncertainty. I feel we need to get past the key fib levels on this retracement to regain strength other wise its back down in a bearish continuation either to 44k or lower. If it cant pop out of these levels and have a go at the 52k resistance, the market is over all in a bearish range.
BITSTAMP:BTCUSD
by DeNomics
3
$BTC.X Analysis & Key levels$BTC.X Analysis & Key levels You know what I LOVE about crypto?? It is ALL technical. There is no fundamentals to mess with. It’s an all technical gig. It has been a HOT minute since I’ve analyzed Bitty… And if I recall the last time I did I nailed it pretty hard… I also know that anything can happen… which is why I stay humble… The red dot is my actual BUY target BUT I still have one that’s a little higher, where I might start scaling in… just in case... That trendline is an obvious resistance… (blue)- - Bearish RSI divergence on the daily - - Above the 180 EMA + + Below the 20 MA - - Above the 50 MA + + RSI under the EMI of RSI - - As of this moment I’m bearish… but I do see some possible places where that might change… stay tuned and please ask questions… GL, y'all
COINBASE:BTCUSDShort
by SPYder_QQQueen_Trading
5