BITCOIN - A brave new world brought to you by the nerdsBITCOIN - A brave new world brought to you by the nerds
Get used to your new tech overlords. I mean I don't even mind really, seems better than the old guard.
Here we have what everybody is looking at now. 13 or 17. been saying 13 for a while. but i think its prob somewhere in between. some indicators and even simple lines (see the yellow triangle ones, the angle on them) have been painting that picture too. this particular indicator shows the macro momentum is the same as 13.. but some other metrics are showing verrry similar to 17 as well. this is crypto's mania stage chapter beginning to unfold.
Now in 21 we are quite a bit further along with adoption and recognition. some huge companies, rich wigs and even countries now are buying it and using it. p2p decentralized banking is finally showing a hint of itself through defi and some 3rd world countries adopting various platforms to various degrees. crypto has even infected art forms with NFTs. fun times.
Lets see how these two fractals evolve.
glhf
Blxusd
BLX Prediction Analysis and where do we go then?Hello, all respected Traders and Investors,
Here I made a simple analysis for BLX Index.
In my opinion, Bitcoin will be dump first to close the CME Gap into 40k and after that, I hope Pump will come..
Critics and comments are super appreciated
Thank you!
Happy trading you all!!
Good luck!
Cheers,
PS: This not financial advice. Please DYOR before entry the market
BTCUSDT , What will happen in DecemberHello everybody
According to the last chart we analysis , we explain some of the factor and the pshchological view of market maker to the market and what will can happen in December
Look at our previous analysis and read explaination to know the market better and can take good decision
Previous analysis :
If you wanna any help or do you have any question just ask us , send us messages in private
Good Luck
Abtin
BTCUSDT , Did you sell before this amazing dump ??Hello everybody
Whats up ? Are you be calm with this amaizng dump ? or Not ?
In our Vip channel more than half of our members are happy because of this dump :D :D :D
But In here according to the chart you can see the market was dumped and many traders is searching to find a reason that why the market was dumped but it is sh...
We are in emotinal candle stick and after that we think we have some rising but we should be ready to have some stop hunter the position and liquidation and after that we are be ready to go up .
In December all the time we are be ready to put the fear in market and you can see all the amateurs is selling and go out from the market for many years :D :D :D :D
We will publish that chart after this one for anyone you can use it
Where is Bitcoin (BTC) headed to next? The current market dynamics
The price action on BTC has been quite interesting throughout the last 6-8 weeks, seeing the "king" of all cryptos stuck in the relatively broad range of the $53,000 support level on the downside and the $68,000 all-time highs resistance on the upside. It seems that many market participants expected for BTC to shoot upwards immediately after breaking above its prior all-time highs of around $64,000, which the digital gold managed to set earlier in the Spring of 2021. Now, what many investors fail to understand is that one of the most important components of price analysis and the evaluation of the short-term, medium term and long term price structures is indeed recognizing the psychological patterns and behaviors that investors tend to follow. These patterns and behaviors are present across all asset classes and markets simply because humans are the ones who are driving the financial markets and humans have a general tendency of overexaggerating both good and bad times, outcomes and developments as a result of popular but unproductive emotions like Fear and Greed.
What many beginners in trading and/or investing seem to forget is that EVERYONE is looking at the same price chart, thus everyone is seeing the exact same levels, which very often leads to the development of group-like mentality and bias among unexperienced traders. You see, "support" and "resistance" lines are nothing else but certain price levels where investors see other investors reacting in a certain way, either buying near a support or selling near a resistance, which then makes the "uncertain" investors more confident to act in the same way as the other investors as he believes that his probability of being right and making money increases the larger the number of people who take that same trade becomes. To put it in simple words that means that each and every time when a certain support/resistance level holds it technically becomes "stronger" as it attracts new traders who become willing to trust this level and accept its validity, thus basing their future trading decisions on that assumption.
Now, why is that important.. well, the answer is quite simple and straightforward as whenever market positioning becomes heavily one-sided as a result of investors greed in bull markets and fear in bear markets, then it becomes just a matter of time for a mean reversion to occur and for market positioning to normalize and balance out again.
Throughout the last few months, we've continued to see articles, videos, interviews, podcasts, charts, correlations, graphs, comparisons etc. supporting the claim on why Bitcoin (BTC) will be unquestionably going to at least $100,000 right after it breaks above its prior all-time highs ($64,000) from earlier in the year. Now, after knowing what you know about market psychology, what do you think did all of that hype and positivity create? Well, you're right.. a heavily one-sided positioning on BTC as everyone has been trying to raise liquidity (cash) in order to put it in the crypto market in order to participate in and benefit from this "guaranteed" market rally. As market professionals we know that there is no such thing as "guaranteed" in the global financial markets especially in a highly volatile market like Crypto. However, the average Joe, doesn't care about any of that as he simply wants to make a lot of money and get rich quick. So, what ends up happening and we've seen that time and time again across the financial markets is people use all of the free capital they have to jump on the FOMO train as they are afraid of missing the "big profits" out. Eventually, they run out of savings and/or other liquidity tools that they own and they start BORROWING more and more money in order to make higher profits. Because, "what's the big deal when you can borrow at an interest rate of 1-2-3% and on the other side you have the opportunity to double or triple your money.. " Traders and investors start borrowing heavily chasing the prices higher through the usage of complex financial tools like "LEVERAGE" and they start trading on Margin. This initially sounds attractive as the more leverage you take the more your profit potential increases, but what many traders who are using leverage do not understand is that when you are heavily overleveraged even a small movement in the price against you could result in the total liquidation of your entire portfolio. We are currently sitting at all-time high levels of credit and leverage in the crypto market, which in turns makes that market much more volatile than it is expected to be at this stage of adoption, simply because of the frequent account liquidation of highly-speculative market participants.
We believe that the heavily overcrowded trade on BTC has been struggling in recent weeks as a result of the constant battle between long-term investors and short-term speculators. Every time the price drops towards a meaningful support, large institutional investors start buying, thus pushing the price higher. On the other hand the more the price starts moving higher, the more speculators start FOMO-ing in using leveraged trading instruments and platforms in their pursuit of wealth. However, the presence of the latter group makes the market unstable as even small price declines could end up triggering larger liquidation events in the market taking the price much lower.
At any rate, despite these short-term market dynamics we are strongly BULLISH on Bitcoin (BTC) as we continue to see record levels of adoption not only for BTC but for a variety of digital and blockchain based assets; strong institutional interest especially after the introduction of the Bitcoin futures backed ETF; continued improvement of the Bitcoin network with the most recent Taproot upgrade, which introduced Smart Contracts on the BTC network as well as further enhanced the privacy and security of the network.
Conclusion
Bitcoin (BTC) is undoubtedly moving higher in the next 2-4 months, however the road to the upside will unfortunately not be the "smooth sailing" that many investors had expected. Thus, these are our two most likely scenarios for the path of BTC to the upside in the coming months. Remember, the later the breakout to the upside occurs the higher the BTC price will go. For example, in Scenario 1 if the price starts moving higher from here, we might see $80,000-85,000 being reached as a range before the next major correction in this bull market. On the other hand, in Scenario 2 the expanding uptrend suggests that we might very well see levels north of $95,000 for BTC.
Follow us for more detailed market analyses, profitable trading opportunities and a consistent portfolio performance.
Kind regards,
@DowExperts
BTC/USD (Daily Fib 0.5 Good Support?)💎Technical Analysis Summary💎
BTC/USD
-Despite the recent -10% move of BTC last Friday
-Today, the bulls have managed to regain back above 58k dollars
-This is good news because the key area is being respected
-We have the previous resistance last September 7, Fib 0.5 and 100D Moving Average
-These multiple key factors drive the price back up the previous trading range
-Also, the descending channel is still following the price action
-If we can see a strong bullish breakout plus a good retest
-Bitcoin short term correction might be over and a potential upside move is likely
-I only took 1 trade recently but got stopped out which is part of the game
-Due to bad market conditions, I'm not going heavy on any swing trade yet
-But once the market shows a clear path, I'll start scaling in more position
-I hope most is are following proper risk management recently
-Good luck and stay safe everyone!
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BTC/USD (Sign of Strength?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin may have found support near Fib 0.5 level
-We can see the price reacted to this region and a bounce is happening
-If we plot a descending channel, the price could test the resistance at 60k dollars
-And if a bullish breakout of this channel, we could expect much higher price targets
-If we see a good move above, I'm expecting a recovery for the Altcoin too
-I am now preparing my watchlist for new swing trades in the coming days
-Still, I will not go heavy because BTC still not out of the blue
-Good luck and happy thanksgiving!
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BTC/USDT (55k Area Potential Support?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin may have reacted bullishly just above the Fib 0.5 level
-This zone is a confluence of mini S/R flip last October 13 trading
-I have plotted a potential descending channel coming from the swing top
-If BTC forms any bullish reversal pattern within this bullish Fib area
-In the coming days or weeks, we can expect the uptrend is not yet over
-And the altcoins will also rally up again considering the BTC Dominance value is decreasing
-For now, I have not opened any swing position as I'm waiting for a better market condition
-Any bullish setups for Altcoins will reduce its accuracy if the overall space is bad
-I hope you guys are also taking this oppurtunity to study and relax a bit
-The market always moves in circles so there is unlimited opportunity
-So we just have to sit back and enjoy the process
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BTC/USD (58K Potential Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin failed to hold the immediate support area at 63k dollars
-After a sharp drop down to 58k dollar, the next potential support range
-This fast move by Bitcoin suffered most of Altcoins and I got stopped of my trade
-The market is not good recently so I didn't put heavy on this position
-BTC is technically bearish in the short-term with this type of price action
-I will be careful and only trade a small amount during this type of condition
-Again, this is not the good time to go heavy on Alts when there is no sign of strength
-I'd better not trade or reduce my position size if the market is not in our favor
-Everyone, risk management, and strict self-discipline is very important right now
-If you want to stay in this game for the long term, please control emotion and follow your stop loss
-Good luck and stay safe!
⚠️Please always read the description⚠️
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BTC/USD ($63k Acted Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin is rejected near the 70k dollar psychological level
-An ugly -9% move hitting my swing trades stop-loss location
-Most altcoins are affected with this move recently invalidating some bullish structures of altcoins
-But looking at price structure, BTC reacted at previous local resistance at 63k dollars
-This level is a confluence of EMA19 and Fib 0.5 area which is a good potential support
-We have now a new strong resistance at 69k dollars and immediate support at 63k dollars
-The uptrend is still intact as long as the bulls can defend this support
-I took small losses on my swing trades but I have already updated my watchlist for new ideas
-Guys, if you got stopped out too, don't worry the market is full of oppurtunity
-You just have to look for coins that remain bullish and hold their current support levels
-The good thing also is the BTC dominance level is back at value 43 again which is a good sign for Alts
-So we will have another oppurtunity once BTC shows new strength or consolidate at support
-Good luck and keep safe everyone!
⚠️Please always read the description⚠️
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BTC/USD (Test ATH Price?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin respected the EMA 23 and Fib 0.236 from my last update
-A strong entry by the bulls and the price is back above 66k dollars
-If BTC breaks into new ATH, the Fib extension are the potential targets
-But if a failure to break 67k dollars, a test of 63k dollar support is likely
-The price action is bullish again and the same with the Altcoins space
-Since my existing swing trades has hit their targets
-I have opened new positions for potential movers in the coming days
-Make sure to follow strong coins or look for Alts ready for trend reversal only
-Good luck everyone, stay safe!
⚠️Please always read the description⚠️
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BTC/USD (60k Dollars Acting Support?)💎Technical Analysis Summary💎
BTC/USD
-Not much update today, Bitcoin is retesting its local support around 60k dollars
-As long as the bulls can maintain above this region with the confluence of Fib 0.236 and EMA23
-The chances to form a bullish pattern is still in play in the coming days
-Regarding the Altcoin space, I have opened new positions since my existing trades are already in profits
-The Bitcoin Dominance keeps decreasing its value so we can expect another good rally for the Alts
-But always be careful and follow your stop loss location
-Because we will never know if BTC will move wild this weekend
-Once your trade is in your favor, always lock in some profits or move stop loss at breakeven
-This is always a part of your good risk management
-Good luck everyone and stay safe!
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BTC/USD (Fib 0.382 Acted Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin respected the Fib .382 level and manages to hold above EMA 23
-This is a strong bullish sign in the short term price action
-BTC might be also forming a bullish descending channel
-If the buyers can hold above 59k dollars until next week
-And we see a good breakout of this channel with decent volume
-We could expect a potential upside continuation this month of November
-Many Altcoins pulled back recently and I have closed some positions
-To protect my capital and keep my profits intact
-I can see many strong altcoins are still bullish
-I expect them to continue their rally if the market condition goes well
-I will re-enter new positions again once my confirmation bias is activated
-As I said before, only trade those strong coins
-Because those coins will definitely follow the trend of BTC
-Good luck everyone and stay safe
⚠️Please always read the description⚠️
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BTC/USD ($59k Level Good Support?)💎Technical Analysis Summary💎
BTC/USD
-Not much update for Bitcoin today
-Currently testing the previous resistance level
-We can see the price is reacting to this horizontal support
-If the Buyers can sustain above this 59k dollar support
-Consolidate and form a potentially bullish pattern in the daily timeframe
-The chances to print another ATH price is likely to play out next month
-Most of the strong Altcoins I'm holding are receiving good returns lately
-If the BTC Dominance will continue to decrease its value
-Expect many Altcoins will perform well too next month, so be ready
-My advice is only to look for strong coins that have a bullish structure
-Bullish patterns that are ready to break out in the coming days
-Have a trading plan and proper stop loss location base on its structure
-Good luck guys and stay safe!
⚠️Please always read the description⚠️
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BTC/USD (Test Previous Resistance?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin hit a new ATH recently but seems like a minor profit taking oppurtunity for others
-The price is now testing the 60k physiological support level and previous resistance area
-If BTC will consolidate within this support area and hold this level for a few days or weeks
-Then, another potential to break into a new ATH level is expected next month
-For the altcoins view, the BTC Dominance value started decreasing
-Which will give the Alts a breather to recover and potentially have their time
-I'm still into swing trades and will add more new positions once I see the good market condition
-Good luck everyone and stay safe!
⚠️Please always read the description⚠️
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BTC/USD (New All -Time High)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin printed a new All-Time high and is trading above 65k dollars today
-The price respected the 50W moving average since its correction phase
-Since BTC is now at a new level of trading, price discovery is likely to happen
-We can use fib extension to potentially look for taking profit zone can be
-But for now, let us enjoy this new achievement for Bitcoin
-For the altcoins, they are not receiving the best opportunity yet due to strong BTC Dominance
-But their time to shine and make us good profits is coming close
-BTW, I'm currently into swing trades lately and doing good now
-I only traded coins with a strong price structure to increase my market bias
-I will add more new positions once I see a good confirmation
⚠️Please always read the description⚠️
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BTC/USD (58k Dollar Immediate Support)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin is back above the 60k dollar and hitting as high as 62k dollars
-Only a few percentages away from making a new All-time high price
-The bulls have shown a strong move up since the breakout of 58k dollars
-For now, if BTC can hold above 58k as an immediate support area
-The chances to test the ATH level in the coming days is in play
-Regarding the altcoin space, the BTC dominance still trading above 46 level
-This is not a good sign for the altcoins because their strength is stalling
-Once Bitcoin starts to consolidate, that is the time Altcoin will recover faster
-Let us watch how BTC will react in the next few days
-And prepare for new swing trade for altcoins
⚠️Please always read the description⚠️
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BTC/USD (New Swing Top)💎Technical Analysis Summary💎
BTC/USD
-Finally, BTC broke above the previous swing top at 53k dollars
-Most short players got their stop loss hit after hitting as high as 56k dollars
-The Bulls are back in momentum but we will have a much better view once the weekly candle is closed
-For now, our immediate support is the Fib 0.236-0.382 region with the confluence of previous resistance
-As long as the Buyers can hold above this area, the point of view is still going up
-I can see strong coins showing a potential continuation pattern for new highs
-I'm currently into swing trades right now and it is on profits too after a big win recently
-My small losses are now covered so I will keep these winning trades ride the trend
-Happy trading everyone and always plan your next trade
⚠️Please always read the description⚠️
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BTC/USD (Test 53k Swing Top?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin is looking good today after a bullish retest on the S/R level
-The chances to retest the 53k recent swing top is highly probable now
-If BTC reaches the 53k level, we will have to observe for any price reaction
-If the price will go higher or faces rejection because the sellers might re-enter
-There is always a risk to consider if you have any position opened
-I'm currently in a big win trade and small loses
-I'm always keeping my losses small and keeping my winning trades hit my targets
-This is how I become consistent in this environment
-I want everyone to follow the same and please risk management is very important
-Alright, stay safe, and good luck everyone!
⚠️Please always read the description⚠️
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BTC/USD (Bullish Weekly Candle?)💎Technical Analysis Summary💎
BTC/USD
-The bulls showed their strength back after confirming the 40k dollar new key support
-The 40k dollar zone is a confluence of multiple factors like the S/R level, 50W MA, Fib 0.618
-This weekly candle is about to close in 3 hours, if this one closes above 46k that is a good sign
-A potential upside continuation up to its recent swing top around 52k dollar
-This will be an exciting week for the crypto space as I can see the market is back
-I am currently into swing trades right now and will add more to my positions soon
-Good luck everyone and make sure to plan your trades
⚠️Please always read the description⚠️
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BTC/USD (Bullish Pattern Confirmed)💎Technical Analysis Summary💎
BTC/USD
-Finally, the bulls showed up after a double bottom reversal pattern is confirmed
-This pattern is also a confluence of a descending bullish channel
-Which is trading in the key area of interest around the 40k dollar zone
-Currently, BTC is testing the mid resistance level at 48k dollar
-If the bulls will continue to go higher, the next stop is the recent swing level at 52k dollars
-Congrats for the bulls today, all they have to do is to consolidate and stay above 44k to stay strong
-I'll start looking for coins that haven't move any significant or are ready for a potential upside reversal
-Stay safe and good luck everyone!
⚠️Please always read the description⚠️
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If you need help🙋 don't hesitate to
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