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BTC/USDT (50D MA Strong Support)💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Bitcoin did a good job confirming the 50D MA as support -The price went up from 29k to 38k dollars or 31% increased -We only have few hours left before the daily candle closes -If Bitcoin can finish the day above the trendline resistance -That is a good sign for the Bulls and our bias will shift back -For now, the Bitcoin Bulls must defend the 33k area -That will be its potential local support during its strong uptrend -The market is showing good healthy correction -And I'll be looking for a potential Altcoin swing trade ⚠️Please always read the description⚠️ A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
16
This publication will age well ! Macro Big Picture pattern :) //----I was inspired by A publication form @HBK_INVESTMENT_GROUP ----// "JUST GONNA SIT THIS HERE.......... Oct 21, 2020" My mind kept coming back to this publication over and over so this is my spin on the previous idea / publication note the color back ground fill zones #1. #2. #3. #4. will price action move in the same way a #5th. time :) its all volatile speculation is BTC digital gold ? to crazy to be true? but at the same time I would not surprise me in the slightest if this is exactly what plays out ... //---- I will hodel all the same ----// this also makes the BTC log curves model as well as the stock to flow model both look tame in comparison. //---- I am not giving financial advice DYOR! ----// I am not giving out signals //---- There are two types of people in this world ----// 1: people who do not understand what BTC is 2: and people who have it ! //---- special thanks !!! to ----// @alexgrover for the post : A Useful MA Weighting Function For Controlling Lag & Smoothness @midtownsk8rguy for the post : Pine Color Magic and Chart Theme Simulator @HBK_INVESTMENT_GROUP : for the original inspiration This publication is Not financial advice nor is it intended to provide trading signals DYOR DD I suggest you invest or take trading positions in a way that still allows you to sleep soundly at night :) Sideways price action is bullish price action BTC: Hard money , Truth money , Sovereign money , Scarce money , Peaceful money , I am simply playing with the pattern and looking at what might take place if what has happened 4 times happens a 5th time
BNC:BLXLong
by Time_Out_2021
Next 6 month pi cycle on weekly?!This chart is on the weekly with PI cycle. If history repeats we might have another week of downward action then an explosion upwards for another six months into mid to late July with a few corrections on the way up of course. In 2017 after the initial 200% breakout on the WEEKLY PI top it retraced for 4 weeks then went on to do another 900% in 6 months. We are now on week three of the correction after the PI cycle top on the WEEKLY. So the question is will history repeat in any resemblance to the last? If it repeats that will put us well above 200k by at least July of this year. As it looks so far we are fairly close to the 2017 run up. This breakout took more time but also went up 300% a little more in percentage. The question is, was market adjusting to the corona dump? Either way the next couple weeks will tell where we really are and what the future holds for bitcoin. *In life, patience is a virtue. In investing, patience is life*
BNC:BLXLong
by WeAreSat0shi
BTC/USDT (Strong Trendline Resistance?)💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Okay, yesterday's candle turns out ugly a few hours before the daily closes -This is the one I'm talking about that the Bears can easily enter the market any time -Today, the bulls are defending the 30k area of support -This is very important in the short-term to keep the Bullish bias alive -If the horizontal green support failed in the near future -BTC price could fall down to the 27k-24k region where the 100MA is located -I'm Bullish for Bitcoin but the current price action is showing signs of weakness -If Bitcoin can't break this trendline resistance, we might be in trouble -We still have few days before the Monthly candle closes -Things would be really interesting in the opening of the month of February ⚠️Please always read the description⚠️ A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
12
BTC/USDT (Bullish Channel?)💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Today is a good day for Bitcoin as it manages to pass the mid-line trendline -This is a sign of strength so I'm expecting the price to test the upper trendline resistance -We have new short-term support below the daily candle around 32k dollars -If Bitcoin can break above this descending channel that will give us a strong bullish bias -Expect more sideways trading in the next few days inside this channel -Hopefully strong Altcoins will continue to rise during this market condition ⚠️Please always read the description⚠️ A big Thanks for donating 💰 via Tradingview coins this week to Dinore 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
18
BTC/USDT (Daily 50MA Good Support?)💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Bitcoin almost touches the daily 50MA support area -The Bulls bought the dip and bounced up to a 17% increase -BTC is now testing the midline of this descending channel -If Bitcoin will just trade above the 31k area in the next few days -I'm expecting the 50MA will catch the price and hopefully act as support again -Basically, we will be having the sideways market condition -Which will definitely benefit the Altcoins in the coming days -But do not let your guard down because the Bears may enter the market -And send the price back to the 29k area or even lower -So please don't forget to place your stop-loss ⚠️Please always read the description⚠️ A big Thanks for donating 💰 via Tradingview coins this week to Dinore 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
16
BTCUSD: Same 2019 Fractal To Look Out ForHard not to notice the similarity in the parabolic run from this winter compared to 2019. I hadn't considered this fractal until I matching them up. Both bull runs come from the lower bands of the logarithmic growth curves to around the mid-band, with approximately a +250%. This would imply a 6-month long down-trend extending to a 50% correction. Therefore re-test of $20K could on the cards, possibly as low as $18K if the fractal continues, while remaining long-term bullish.
BNC:BLXShort
by dragononcrypto
BTC/USDT (Downtrend Confirmed)💎Technical Analysis Summary💎 BINANCE: BTCUSDT -As mentioned yesterday, Bitcoin showed signs of weakness -The price broke support in the 4H timeframe sending the price to the 31k dollar area -It is currently testing the midline support of this descending channel -Can we expect a bounce from this level? -if not, it will likely go down to the lower channel where the 50ma is located -So always prepare for the worst-case scenario -Have a cut loss trading plan if the market becomes too risky ⚠️Please always read the description⚠️ A big Thanks for donating 💰 via Tradingview coins this week to Dinore 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
26
BTC/USDT (Last Bounce at Support?)💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Bitcoin is rejected at 38k dollars sending the price to its horizontal support area -We can see the Bulls are defending the green support zone as the price is pushing up -The Bulls are getting weaker due to a series of Lower Highs -If the Bulls can't pass this trendline resistance -And come back down to retest the support area for the 4th time -Personally, I won't have the confidence to rebuy -Because we know the area gets softer the more it is being tested -The only good sign though is the Altcoins will have more time to recovery -During Bitcoin's sideways market condition -Please be careful because the bigger/longer the consolidation range is -The stronger the breakout direction will be (up or down) ⚠️Please always read the description⚠️ A big Thanks for donating 💰 via Tradingview coins this week to miguelsotelo139 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
31
BTC/USDT (Sign of Weakness?)💎Technical Analysis Summary💎 BINANCE: BTCUSDT -Bitcoin is showing signs of weakness after the 3rd rejection of the trendline resistance -The price is coming back to its local support around mid 34k dollars -This will be the 3rd retest of this area and that is definitely not a good sign in terms of price action -We can expect a breakout of this triangle pattern within 24-48 hours -Be ready and make sure you always have a trading plan -If in case a downside market direction, the potential next key support is around mid 30k dollars -While an upside breakout above 37k will lead to a potential retest of 40k dollar resistance ⚠️Please always read the description⚠️ A big Thanks for donating 💰 via Tradingview coins this week to miguelsotelo139 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
25
BTC/USDT (Expect Sideways)💎Technical Analysis Summary💎 BINANCE: BTCUSDT -After breaking its upward trendline of support -Bitcoin is currently facing rejection on the retest -The good side though it still holding the 0.5 Fib support level -For me, this is a crucial area for the Bulls to keep the short-term uptrend -A break below 36k dollars is a warning signal -We must not ignore the 1st lower high at 40k dollars -Bitcoin is now moving sideways and we can see the Altcoins are gaining momentum -This is the perfect time for strong Altcoins to move higher -But still, do not forget to follow proper risk management especially using a stop loss ⚠️Please always read the description⚠️ A big Thanks for donating 💰 via Tradingview coins this week to miguelsotelo139 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
9
Finding Clarity through the Profit HazeHello fellow Traders, We are looking at the BLX chart on the Weekly to establish a long term directional bias for Bitcoin. I trade using David Halsey's Measured Move trading system. While this system is just Fibonacci retracements, the "special sauce" behind this system is how the pivots are chosen for those Fibonacci retracements. This system has a self-referential, fractalizing nature about it. I will defer to DH for any further Measured Move teachings at his website (www.eminiaddict.com). To give some historical perspective, applying the Measured Move (MM for short) system to the BLX chart in Log scale, we can find a clear "market footprint" to base our analysis off of. On the left, we have the first Traditional MM (Low to High) which price goes blasting through the first Profit Target during Bitcoin's 1st bull market marked by the 1st red arrow. When price goes through the Target, the Traditional MM turns into an Extension MM (high of Trad to high after meeting Target) which also met it's Target in Bitcoin's 2nd bull market. With our current bull market, we are actually in an Expanded Extension (which gives an MM trader like me the goosebumps, it's a very bullish sentiment) and we have, in recent weeks, met that Target of ~$38,500. SO, what do we do here? Let's assume you haven't taken profits just yet because you believe there is more upside potential. That brings us to something I want you to pay attention to... Looking at Bitcoin's 2nd bull market, when Bitcoin reversed at the Profit Target (~$2720) of the 1st Extension MM, this gave MM traders the only opportunity we have for a Trailing Stop Loss. That is to place your Stop at the Stop Loss of the new Extension MM. That may sound confusing, but please refer to the chart text to get some clarity. Why is this important and something to take note of? BECAUSE WE ARE IN THE EXACT SAME SCENARIO RIGHT NOW Let's remember that in our current bull market, the profit target was ~$38,550. We MET the Target so that allows us MM traders to employ that only opportunity for a Trailing Stop Loss. What happened in Bitcoin's 2nd bull market? We were able to use the Trailing Stop to increase the upside profits by multiple fold. Coming back to the present, and to try to keep the rest of this clear and concise, according to the trading system, there is 1 of 2 things that can happen... Bitcoin either... 1. Reaches the MM Extension's Profit Target of ~$50,000. (more probable) OR 2. Breaks the MM Extension at ~$24,550. (less probable, but still possible) Until either one of those events happen, we are forced to play the waiting game. Let's not forget that the possibility of us breaking the Extension MM is still real. So we must prepare for that as well and with that being said... IF, Bitcoin breaks the Extension MM at ~$24,550, THEN I will be expecting a large correction and will be placing buy limit orders at the $4.5k - $ 7k range. Again, I'm not putting my money on the Extension MM breaking (hell, I'm as long as can be), but I won't be ignorant to the possibilities that lie if I am wrong in this moment. Thanks so much for reading! Happy Trading - Smiley P.S. - this is my very first post and I hope to receive some feedback on how to better express my ideas. Don't be afraid to leave any suggestions! Thanks again.
BNC:BLXLong
by SmileyTrades
3
BTC/USD (Strong Rejection at 0.786 Fib)💎Technical Analysis Summary💎 BITSTAMP: BTCUSD -Bitcoin got rejected at the last Fib resistance level of 0.786 -Also, it broke the upward trendline support with a Bearish candle -During the strong sell, the price reacted at 0.618 Fib level -The 34k dollar is a confluence of 100MA support area -This time around is crucial for the Bulls because they lose the short-term strength -If the Bears will send more follow-through in the coming few hours -We might see a revisit of 32k-31k dollars in the coming days -Please be cautious about your trade and Altcoins -Always follow your trading plan and stop-loss must be strictly followed ⚠️Please always read the description⚠️ A big Thanks for donating 💰 via Tradingview coins this week to miguelsotelo139 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
13