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Bitcoin (BTC) • Needed correction & possible minor swingsFasten your belts we finally entered into consolidation market with some ups and downs along the way. To start I do not (yet) think we are in a bear market. This drop was necessary and long time coming after the slow grind on weak volumes and strong sell pressure coming from the books. Something I didn't cover in the video is the volumes on CME and BAKKT as well other popular futures platforms that spiked at around 50 to 52k. Often a sign of a local distribution top. In the video I talk trough the most relevant price levels, the not so impressive decline in open interest, perpetual swaps trading still with consistency bellow spot which implies on-going slow accumulation despite some occasional trade above which imply another possible leg down. Also talk about books and past data with help of some heatmaps and how you can use these to assign probabilities or where to place stops as well to spot circumstances that seem like red flags and something in the market about to happen. Overall I still don't have any strong reason to be bearish. If we start trading bellow 39k might change my tune but that will also require to books and things like funding rates and swaps v spot basis justify. At the moment none of those are looking bearish except perhaps the fact the Open Interest Levels. It is possible as well we are printing a macro consolidation triangle that would take more time to break out. Time will tell! Overall it's worth to look for price levers for longs nonetheless doesn't mean we cannot find good intraday scalps for short as we are still inside the macro range. Shorting 47.5 or 49.5 for example look like goo price levels for short is properly managed targeting 42k at least and reverse counter trend longs at 41k and 39k for example. Just few ideas to think about.
COINBASE:BTCUSD
by D7R
11
Bitcoin VLOG #56 - 50K test again! Do we thank ethereum?Is Ethereum keeping BTC bullish? We have broken the ascending wedge pattern which suggests a move down the range, but BTC is clinging onto the 50k mark really stubbornly. The start of this monthly candle is green, the weekly close is green... it looks ok! I still think probability favors a correction here but as they say, BTC will stay bullish longer than I can stay solvent. If we break 51k I'm stopped out of shorts and if it closes daily above 51k bullishly, there's an argument to enter a swing long to say 54/55k. Now whilst I flipped my bias at 34k and 43k mark for swing longs... I'm not sure here. Self preservation and bear market PTSD in me tells me maybe just become a spectator here.. If I enter that long it will be with low risk. ROUGH PREDICTION = Staying with my last prediction, I think we fail 50k again, not sure if it will look the same or we tap a little higher say 51k. Shoutout to todays trading view ideas = @MagicPoopCannon === TimeStamps === 0:00 = Welcome 0:30 = BTC 1 day 1:00 = Short trade update 3:40 = 14 Days trying for 50k break 4:25 = BTC 1 weekly 5:35 = 46.7k support 7:20 = BTC 4 hour 8:30 = 4h Ascending triangle 10:20 = Prediction update 11:15 = BTC moving averages 13:00 = Short trade logic 16:30 = Tentative short 50k 17:20 = @MagicPoopCannon - BTC set to fall 19:30 = Closing words
COINBASE:BTCUSD
by tommytoan11
Bitcoin (BTC) • Good chance we are in a bulltrap. Here's whyLet me preface that my views can change at any point IF I see evidence for such. In the video I walk trough the points that are making me feel that the probabilities are high for a possible bulltrap and we are at distribution levels. That are plenty of signs we are hitting distribution range YET this can be delayed longer than we expect has market makers keep manipulating the liquidity (I can see this activity in heatmaps of orderbooks that I didn't show in the video) Prices are being propped up with relatively low effort that is why price been marking up while on low volume. I think this is a way to get bulls DCA strong into the move not knowing that a possible "rug pull" will soon executed. Open interests on most altcoin's perpetual swaps derivatives are incredibly high with an unusual crazy 3x jump in just last weeks. This is a sign of a market that is getting over it's head and sanity will soon need to be re-instated with massive liquidations. Check FULL video since is walk through several different points.
COINBASE:BTCUSDShort
by D7R
45
Bitcoin logic both scenario'sAs you will see going back to March the 18th; BTC has been very respectful It has made a few strange moves lately, but as I say "it is BTC, expect the unexpected" We have also had 18 months of CRAZY Here is the link to the extension details etc. Have a great week all! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
9
Bitcoin $190k Target MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space. Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging money ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------ Not saying there cant be dips but the longer term trend is saying we go UP
COINBASE:BTCUSDLong
by MartyBoots
79
Bitcoin VLOG #54 - 50k rejection soon IMO!I don't think we break 50k in a significant fashion. I can see us hit maybe 52k, then get rejected outside of this ascending wedge. This current ascending wedge looks prime for breaking below. We have gone up 20k with crazy bullishness to 40k. BUT... I cant get the last dump out of my bias completely. We aren't in price exploration so I feel odds are against us having bullish continuation beyond 50k. Getting BACK to 65k top is more likely to be a lot more difficult to achieve, in this context. If we close the weekly above 50k, and we are 52k to 53k... I may try another swing long. MY ROUGH PREDICTION = I think we range tight at 51/52k to 48k until we hit lower trend line of ascending wedge Shoutout to todays trading view ideas = @MarcPMarkets === TimeStamps === 0:00 = Welcome 0:30 = BTC 1 day 1:00 = Ascending wedge update 2:30 = Hard to break further up 4:00 = 50k rejection retrace ideas 8:20 = Short setup idea 9:25 = Lower trend line is significant 10:30 = Short 12:15 = BTC 1 weekly 13:00 = BTC 1 monthly 14:00 = Moving averages 1D 16:25 = @MarcPMarkets - 50k resistance? 19:30 = Closing words
COINBASE:BTCUSD
by tommytoan11
2
Bitcoin (BTC) • Everyone looking to short the resistance... Bitcoin sitting right under the 50k resistance. Books confirm a lot of sell pressure but above 52k that liquidity quickly disappears. This suggest this may be temporary blockage and the fact we marked up so fast on low volumes toward this ranges create condition for a consolidation where a lot of bear will show up and short the derivatives market. We already see funding rates declining and derivatives exchanges like Binance futures and OKEX trading bellow Coinbase spot while open interest is high. I think as more bears pile into their shorts this will create the necessary conditions to pierce through those 50k-52k orders. While price trades above 44k it is structurally bullish (according to my own interpretation). I currently see the 46.7 as nice bidding range in case we see quick visit there. But overall if more short pile more likely we will end up piercing trough the 50k sooner. For those interested here's an EXCELLENT interview with Caitlin Long and George Gammon on why Wallstreet with their traditional finance products (and mindset) will get rekt trying to 'tame' Bitcoin. I recommend whole interview but from minute 33:50 Caitlin drop nuclear bombshells. www.youtube.com
COINBASE:BTCUSD
by D7R
18
BTCUSDTВсем большой привет!:) Сегодня мы вернулись к сопротивлению на 48к, сейчас возможен небольшой флэт, нам надо закрепляться и тогда продолжим рост к дальнейшим сопротивлениям. У нас идет довольно продолжительный рост, давно не было коррекции, а она нам нужна. Вчера многие ожидали хорошую коррекцию, мы с вами видим, что медвежья дивергенция продолжает вырисовываться. Мое мнение такое, что раз вчера мы не ушли на коррекцию, то мы еще будем рости, до сопротивлений на 48,5-49к,и даже возможно до 50к,и после этого все таки пойдем корректироваться. Будет ли это большая коррекция, или же нет, будем смотреть, но я все таки рассчитываю на коррекцию в район 40-41к, это сугубо мое мнение. Часть позиций буду фиксировать при походе к району 50к, и часть оставлю на дальнейший рост. Спасибо за внимание!Хорошего всем дня ;)
by Poli_Trading
Bitcoin VLOG #50 - Breakout! but are we overbought yet??BTC has formed a significant higher low, another significant break of the range 41k, and a significant break of the most recent high. Damn good signals. A longer time frame swing trade I believe is on the table, but there's a lot of risk being 12% from the recent higher low. Though you could structure your trade around breaking back below 41k to invalidate. My TA is feeling really behind the 8 ball here so I'm not really taking longer time frame trades here. But technically, I think this ticks a lot of good boxes for a long trade. Take profit maybe 47.5K? Or scale out 90% 45k to 50k. MY ROUGH PREDICTION = It looks extremely bullish, weekly close is soon though. I think we could reach 45k. Shoutout to todays trading view ideas =@MMBTtrader, @tntsunrise, @VincePrince === TimeStamps === 0:00 = Welcome 0:30 = BTC 1 day 1:00 = Descending channel update 2:45 = Very significant bullishness 3:45 = My failed short 9:15 = BTC 1 weekly 11:00 = Overbought yet? 12:30 = ROUGH PREDICTION 16:00 = @MMBTtrader - nearing resistance 16:50 = @tntsunrise - 4h buy signal 18:00 = @VincePrince 19:30 = Closing words 19:30 = Closing words
by tommytoan11
7