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Delusional Bulls will say 100k coming, I will say good luckDelusional Bulls Will Say 100k Coming, I Will Say Good Luck As we step into another week in the crypto market, it's essential to remain grounded and analytical, rather than getting swept up in the bullish hype. Over the weekend, we've seen a perfect bearish Wolfe Wave pattern emerging, and this is something that savvy traders should pay close attention to. The Bearish Wolfe Wave Pattern A Wolfe Wave pattern is a naturally occurring trading pattern that can predict either a bullish or bearish trend. The pattern we're currently seeing is a bearish Wolfe Wave, indicating potential downside ahead. This pattern is characterized by five points, and crucially, Point 5 has just formed. Lack of Volume and the Trump Rally One of the critical indicators of a market's strength or weakness is volume. Over the weekend, the market reacted to the news of a Trump rally, but this reaction came with notably low trading volume. This lack of volume indicates that the upward price movements are not supported by strong buying interest. Critical Levels to Watch: 63500-63800 For those who are still bullish, there's a key level to keep an eye on: the 63500-63800 range. Unless Bitcoin can break and sustain above this range, the bearish Wolfe Wave pattern suggests we are likely to retest the lower 50000 range before any further upside can be considered. Conclusion While some may remain delusionally bullish, expecting Bitcoin to hit 100k soon, it's crucial to approach the market with caution and a clear head. The bearish Wolfe Wave pattern, combined with the lack of volume and recent price action, suggests that we should be prepared for a potential downside retest. Unless we see a significant breakout above the 63500-63800 range, the path ahead looks bearish, and a retest of the lower 50000 range seems likely. Stay vigilant and trade wisely. Disclaimer: Always do your own research before making any trading decisions.
COINBASE:BTCUSDShort
by dad-bit
13
Advice for those with less trading experienceMajor cryptocurrencies face a huge options expiration event on the last day of 2021; therefore, expect high volatility in the days to come. BTCUSD price will be affected by liquidity in the coming days. Some investors may have bet that the main stop-loss levels for shorts are at $48,000 and $44,000, and I think it would be undesirable and unwise to set stops if that's what you're doing. High price volatility will take away your account funds in a very short period of time, so to avoid losses, I think you need to wait. You need to remember that the market is not an ATM and we are all taking risks in trading.
B
by Super_B_XinR
5
BTCUSD ⚡ Will Resistance Help Fall?As we can see, the resistance line and the support line play the main role in today's idea. Notice how the price bounced off the support line earlier. Due to this, the price began its upward movement again. As you can see, there has been a drop in the crypto market. This is due to the decline in the stock market. This happened after the information appeared that the United States plans to almost double the capital gains tax for the rich. What can we expect today? I think the price will hit the resistance line. After that, the price will bounce off the resistance line and begin its downward movement. The price will return to the support line.💥 Do you agree?) Your Solldy.
BITSTAMP:BTCUSDShort
by Solldy
2
BTC Predicted date for new All Time High (June 2022)I've calculated some simple proportions for time distances and incremented percentage price, between the 1º and the 2º halvings. Then I related the results for similar proportions between the 2º and the 3º halving. DAYS: First and Second halvings: 532 / 357 ≈ 1.78 Second and Third halvings: x days for next ATH / 532 ≈ 1.78 x = 1.78 * 532 ≈ 946 days PRICE: First and Second halvings: 3768 % / 9016 % ≈ 0.42 Second and Third halvings: x % increment / 3768 % ≈ 0.42 x = 0.42 * 3768 % ≈ 1582 % which is an increment to the price of USD 150,000 NOTE. This numbers make sense since the supply has been reduced to half.
BITSTAMP:BTCUSD
by BlueJayBird
BTCUSD 1D DESCENDING CHANNELDescending Channel is a form of a Range chart pattern. Ranges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
COINBASE:BTCUSD
by Tradingstrategyguides
Am i very bearish ? Hi traders, Last 1k dump really made me sick and bearish. I counted correction waves of 2014 crash and i see a lot of similarities within current btc crash waves. My suggestion that we are currently in C wave of ABC correction. I thing my wave count for 2014 crash is OK. The ratios of waves to each other are almost ideal. And similar wave count and pattern is seen in 2018 crash. A and B waves of ABC correction have already occurred and now we are in C wave. Crash in may would be start of impulse subwave 1 of C wave (blue waves), and crash at the beginning of august would be starting point of impulse subwave 3 of C wave. Current crash probably started another impulsive subwave 3 (yellow waves) within impulse subwave 3 of C wave. To cut short, if this purely bearish counting is working, dip is at 2.5k region, and this would be true bottom of triangle. If the bull comes, if it really comes, it might come up if it breaks this huge triangle up.
BITFINEX:BTCUSDLong
by mk_ayar
Range trading: Crypto currency as for 04/03/2018Here we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes. This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities. What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) predescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that if will be profitable with certain probability. BRCUSD Long position 1 (The price today does not fall below this mark with a probability of 68%) 6762 Long position 2 (The price today does not fall below this mark with a probability 95%) 6560 Long position 3 (The price today does not fall below this mark with a probability 99%) 6357 Short position 1 (The price today will not rise above this mark with a probability of 68%) 7647 Short position 2 (The price today will not rise above this mark with a probability of 95%) 7850 Short position 3 (The price today will not rise above this mark with a probability of 99%) 8053 ETHUSD Long position 1 (The price today does not fall below this mark with a probability of 68%) 359.06 Long position 2 (The price today does not fall below this mark with a probability 95%) 334.23 Long position 3 (The price today does not fall below this mark with a probability 99%)395.15 Short position 1 (The price today will not rise above this mark with a probability of 68%) 426.82 Short position 2 (The price today will not rise above this mark with a probability of 95%) 451.66 Short position 3 (The price today will not rise above this mark with a probability of 99%) 476.5 XRPUSD Long position 1 (The price today does not fall below this mark with a probability of 68%) 0.4568 Long position 2 (The price today does not fall below this mark with a probability 95%) 0.4276 Long position 3 (The price today does not fall below this mark with a probability 99%) 0.3984 Short position 1 (The price today will not rise above this mark with a probability of 68%) 0.5474 Short position 2 (The price today will not rise above this mark with a probability of 95%) 0.5766 Short position 3 (The price today will not rise above this mark with a probability of 99%) 0.6058 Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading.
DJ:DJI
by Trade24Fx