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Crypto Market VLOG #27 - Possible triangle for BTC?I'm seeing BTC in a symmetrical triangle currently, a fairly weak one that needs further confirmation. We failed to break and stay above 40k again, this is a trend of weakness we have seen since the 59k test start of May. Considering this recent downtrend, does probability favor breaking out of a neutral triangle? No :(, it doesn't. Measured move down from this triangle (tentative triangle that needs more confirmation!) is... drumroll... 20k! MY BTC PREDICTION for next 24 hours, test 35k with a possible test of 32.5k / 33k. Shoutouts to todays trading view ideas = @dRends35, @Sheldon_Sniper, @TradingShot, @NGenetics === TimeStamps === 0:00 = Welcome 0:20 = BTC Update 1:00 = BTC 1 Day 2:50 = BTC 4 hour 3:20 = Symmetrical triangle 6:00 = Fibs 7:00 = BTC 1 hour 7:30 = BTC LTF 10:10 = MY BTC PREDICTION TODAY 12:00 = @dRends35 - elliot waves to 20K 16:40 = @Sheldon_Sniper / @TradingShot - inverse H+S 19:00 = @NGenetics - accumulation wyckoff
by tommytoan11
Bitcoin (BTC) • Is this good time to be bearish?Volume signatures are looking pretty interesting at the moment and intraday show consistent trading like algos are farming all the bitcoin 😂 In this video I talk about the volume produced in January and how current volume are looking similar to write-off those at same levels. It really does feel we found support levels. There is good chance we will see strong markup but be aware that stop hunt toward 33k still in line. Funding rates relatively flat learning negative (short pay longs). If price retest the 48k and get rejected hard there is a possibility to test the 30k once more. If market get overly optimistic chances are that the smart money will push prices down further towards the 25-28k range to get everyone insane. But I'm less convinced of that as of now.
COINBASE:BTCUSDLong
by D7R
3
Crypto Market VLOG #26 - BTC tight + bearish sidewaysNot much has been happening, we've been in a LTF downtrend for about a day, unable to break above minor resistance. Price on the bearish side and my prediction is eventual breakdown to retest 35k. You would think we cant get much more bearish after the flush out of overleveraged longs. But that line of reasoning would suggest its unlikely to go under 30k, and I liked the 30k bounce... sooo Price action is still bearish and pointing towards testing downwards. We are still waiting for that to change. Thanks to todays trading view idea author @dRends35 Also @warbusiness on twitter for his compilation of bullish graphs. === TimeStamps === 0:00 = Welcome 0:30 = BTC update 2:00 = 1day moving averages 3:15 = Is death cross always bad? 4:15 = weak trend line 7:00 = BTC on lower time frame 10:00 = MY PREDICTION NEXT 24HOURS 12:00 = Twitter - @warbusiness - not topped 17:10 = @dRends35 - Wyckoff Pattern 19:30 = Closing words
by tommytoan11
1
Crypto Market VLOG #25 - BTC 30k retest loomsIts been a terrible couple days for the markets. Hope yall doing alright, feel free to shoot me a message if you're struggling. BTC bounced nicely off 30k, that's the most bullish I have seen things since arguably the 5th of may when we were trying to break 59k. It was a really unconvincing move to 40k, price action was weak and defined more by an absence of selling as opposed to bullish buying. Once bears got a breather it was straight back to selling. On short and long time frames I see nothing but bearishness indicating price wants to test lower down. MY PREDICTION = Test 35k next 8 hours, test 30k over the next 24 to 48 hours. BTC needs to significantly break the Wyckoff pattern before I can get bullish on it. Correlation is just too strong. Trading view ideas covered today, shoutouts to: @Stargazer_fx, @Mahtab_Tradia, @TradingShot, @dRends35 ==TimeStamps== 0:00 = Heya! 0:30 = BTC update 1:40 = 30k craziness 3:50 = Bullish 30k Bounce 6:55 = Symmetrical Triangle 8:40 = Weak news caused this? 11:00 = Lack of buying interest 12:00 = @Stargazer_fx - where to buy 13:25 = @Mahtab_Tradia - BTC Bearish sideways 18:30 = @TradingShot - major death cross 19:25 = @dRends35 - Wyckoff pattern
by tommytoan11
Bitcoin schematic formationWatching the recent BTC moves, we have overlaid both Wyckoff & Elliott to highlight the current situation. Talking our community through the process - we thought this was interesting and worth sharing here. The example using Bitcoin has been near enough textbook to here. There are several crosses of interest currently using SPX, DJI & Gold, but the Grayscale pattern clearly shows a bias. Watching closely. 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
17
BTCUSDT Time To Rally Again 🚀🚀🚀Description: The coin is traded above the 43k USDT mark and it failed to break it to the downside. We have a bearish channel formation that it might turn to be a bullish flag which could lead to a rally all the way up to the 60 k USDT level. ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
Long
by PriceActionDesk
3
Crypto Market VLOG #24 - 42.2k and still fearfulWe bounced from 42.2k, but we keep coming down :( We are sitting on the bottom of a fairly significant lower trend line of a descending channel. Bouncing here is very nice. We've had some above average volume. But we need more. We need the small pumps that help get us above minor challenges like 45k. We need some kind of bullish daily candle close. We need more bullish 4h candle closes. We need less big wick indecisive green candles. The price action here still feels scared, uncertain, and being won by bears. If we cant change that we are coming further down. Forgot to do a prediction in this vlog sorry guys. My prediction here is: Volume can invalidate this at anytime. This may sound like 'we either coming up or down' but it really do be like that lmao. Until we look more bullish, we will go sideways or down. That's that really. Volume and bullish price action on HTF will create buying opportunities. More patience is needed here. Shoutout to todays featured trading view ideas: @MarcPMarkets, @MMBTtrader === TimeStamps === 0:00 = WELCOME! 2:10 = Support at 42k 3:00 = I get overexcited about the 1h 4:50 = I made poor trades at 45k 7:00 = Need more volume 8:10 = atm... gross 1D candle :/ 10:30 = Descending cahnnel 4h update 12:50 = Many ALTs showing resilience 14:40 = @MarcPMarkets - looking better 17:10 = @MMBTtrader - ETH on support 19:00 = @MMBTtrader - BTC bounce zone 19:30 = Closing words. ===
by tommytoan11
FIRST STOP BTC $35K, THEN $30K... SHORTPhenomenal run in BTC on the longer term time frames suggests we have gotten quite exhausted. Looking at the shorter term time frames, especially the 4 hr, indicates a confirmation of our view that BTC is rolling over. Paper hands keeps realized profits in this event. No sense going through a 50% drawdown. Better off getting to the sidelines and waiting for the dust to settle. If they get to their worst we could see 11k. I know crypto children, I shouldn't say such things.
BShort
by EconRuminations