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
Btc-bitcoin
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.
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.
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
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Not saying there cant be dips but the longer term trend is saying we go UP
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
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
CryptoMarket Update (#33) : News-Driven Market !! BewareHere's your weekly update ! Brought to you each weekend with years of track-record history..
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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 ;)
CryptoMarket Update (#32) : Reaching the 1st Target AreaHere's your weekly update ! Brought to you each weekend with years of track-record history..
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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
BITCOIN (BTC), Crypto Market Update - Thursday July 29Unfortunately a slow day in Bitcoin with quite low volatility.
Looks like the Market Makers are moving us into the corner between the previous June High of 41330 and the Upwards Trendline that took us to the High we are at.
The end of the month is as far as they can push it.
ETH also hasn't done much and has much further to go than BTC in trying to break its high's from June.
BTC Dominance had a bit of a pullback, still looking for a breakthrough of 50.
ETH Dominance slight upside but Macro is still coming down.
Definitely still Bitcoin season over alt Season.
The DXY (Dollar Currency Index) Still dumping so definitely possible for a little Crypto and general market bullishness
Bitcoin VLOG #48 - The 40k teaseA ton of volatility again today.
So apparently that pump was off some amazon fake news??!! For real?! That's all it took?! Imo lets not ignore the fact a ton of money was just itching to jump back in on any pump.
Then some tired old recycled tether news dumps us... I'm pretty over the news for crypto. Think I prefer tracking all this from a purely TA-centric perspective.
There was a lot of opportunity for shorts at 40k a day ago, then we got another opportunity for it today. After so much buying, there will always follow selling.
Right now we are significantly over bought, what are the odds of a 7th and 8th green candle daily? Historically how often do we have major sell off after this much green?
MY PREDICTION = I'm feeling high volatility ranging between 35k and 40k. My bearish hackles are up. I feel a bit more confidence on 40k shorts than I do a 36k long... I dunno. I got no real prediction for yahs today!
Shoutout to todays trading view ideas =@RocketBomb - reminding me of that descending channel!
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:25 = BTC 4 hour
2:00 = FUD and FOMO news
4:10 = Not new channel
7:40 = Moving averages
8:50 = Tentative trend line
12:30 = BTC 1 weekly
13:00 = Cryptopanic FUD n FOMO
16:40 = BTC 1 monthly
17:55 = NO PREDICTION!
19:00 = Even more green coming?
19:30 = Closing words
BTC (Y21.P5.Video2).Next entryHi All,
Looking for my next entry after this pullback as we now have somewhat of a trend.
Unfortunately the past 2 days move was too quick and hence a blow off top is the cause of this deep correction.
This unfortunately stuffs up many of the charts.
Anyway, listen to my thoughts on this video if your interested.
Cheers,
S.SAri
Stock-Crypto Update (#30) : Short-Term is Boring, but TINA !Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
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