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EW Analysis: BTC Is Losing Dominance, But Only TemporarilyHello traders and investors! Today we will talk about Bitcoin Dominance and its wave structure from Elliott Wave perspective. We will also show you how it can be useful in analyzing XXX/BTC cross pairs with the help of EW. If we take a look on BTC.D daily chart, we can see a sideways consolidation for almost a year which usually suggests a corrective movement, especially if we see a three-wave w-x-y drop in the first leg »a«. Well, we believe that BTC.D is unfolding a bigger bullish triangle pattern and current decline can be just as part of wave (c)/«c« that can find support very soon, ideally in the projected support zone around 64-63 area. Be humble and trade smart! If you like what we do, then please like and share! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CRYPTOCAP:BTC.DEducation
by ew-forecast
4
Educational ... Gann FanGann fan .. one of frequently used tools trading almost every single equity in the market . it can give you a clue on CIT (change in trend) which is a marvelous way to have the trend from it's beginning . and as you can see it also acts as supports and resistance ... off course in conjunction with other methods .. but sometimes i can only rely on this tool. not to mention that it can act as a classical trend even before it's beginning .. if you think you like this pieces of information .. tell me in the comments and i'll try posting them more .. don't forget to press the like button.. your support is appreciated TIA
COINBASE:BTCUSDEducation
by DR-SherifAborehab
10
$BTC : CME Gaps on Bitcoin.This chart is just to reflect on later/view to identify the current gaps on the Bitcoim CME chart. But why is this important? CME, as a multi-billion dollar derivatives company, has no incentive to push for Bitcoin options and other investment vehicles if there simply is no traction or demand from the market. As the company’s executive Tim McCourt said, CME’s Bitcoin futures market facilitated around $270 million per day: “We’re pleased our CME Bitcoin futures have rapidly evolved over the last two years to become one of the most liquid, listed Bitcoin derivatives products in the world, averaging nearly 6,400 contracts (equivalent to 31,850 Bitcoin) traded each day in 2019.”
CME:BTC1!Education
by Worth_The_Ri5k
$BTC : How do you like your Bitcoin scallops? Two ways!Possible descending scallop pattern on BTC. Ive made two charts two show that: 1. We could be already playing out the breakout of this pattern (left chart) 2. We may come down now and this pattern can fail this is the real breakout of the pattern (right chart) Descending scallops form the rounded bottom then after a short uptrend the price swings back violently before moving back up to breakout upwards of the point it swung back from, which is the breakout level labelled on the two charts.
COINBASE:BTCUSDEducation
by Worth_The_Ri5k
Update - My post April 2, 2020, "Bitcoin & Big Oil" Update - My post April 2, 2020, "Bitcoin & Big Oil" . First point of interest - Using MACD of USOIL (WTI) point before precipitous decline. See what happened when bitcoin closed month end above $365 NOV 2015 and thereafter. Notice in each case c.55% drop before rise. Bitcoin has yet to close out month above $9084.7. Second point of interest - Monthly Dollar Index if close below 98.82 (Mid point of volatility Mar 2020) see what happened to SPX when closed below 95.48 (Mid point of volatility Aug 2015) March 2016. NOT ADVICE. DYOR.
TVC:USOILEducation
by Felix000
Bitcoin | Halving FOMO & 10k Mark...!!#BTC (Update) On 12th March, Bitcoin Price Was Just 3.8k & Now It's Back Above 10k in Just 57 Days. In Last 10 Days, Bitcoin Bulls Printed TWO 1000$ Candles, That's the Real Halving FOMO, We're Expecting. Now, Bitcoin Hanging Between Strong Support (9.2-9.6k) & Resistance (10.4-10.6k) Range. In Next 3-4 Days, Bitcoin Could Move Unexpected So Hold Some Bitcoin & Convert Some Bitcoin Into USD..💰 Warren Says “Be fearful when others are Greedy and Greedy when others are fearful.” In Weekly Chart, Bulls Facing the Major Resistance, In Case of Triangle Breakout, Bitcoin Could test the 12k Mark.. In Weekly View, Breaking the Expanding Wedge, But We Should Wait for Weekly Candle Close..!! Bitcoin Dominance Increasing As Well So Trading/Holding ALTS Has Risky So Better to Stay Away, Instead of Wasting Money..!! By the Way, Bitcoin Block Halving Just 3 Days Away..!! Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
COINBASE:BTCUSDEducation
by Faibik
7
Bitcoin | Halving FOMO & Wedge Formation..!!BTC/USD (Update) Bitcoin Has been doing Awesome Job since 12th March Crash, Majority Were Waiting for 1k Dip & Missed it. At the Moment, Bitcoin Has Recovered up to 140% Since 3.8k Dip/Bottom. It's Been Breaking the Every Single Resistance one by one & Liquidating the Bears . In Bigger Chart, It's Following the Expending Wedge Pattern & Now Heading towards the Major Resistance (9.6k) Yesterday, Bulls Did Great Job & in Strength (That's the Real Halving fomo, We're Waiting for) I Hope You Guys Enjoying the Bitcoin Ride & We're too Closer to Bitcoin Halving ( Almost 12 Days Away) Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
COINBASE:BTCUSDEducation
by Faibik
19
Bitcoin | Bullish Flag Breakout Done, Now What's Next??BTC/USD (Update) In 8h Chart, EMA200 (7332) & EMA100 (6950) Both Are Play Important Rule As Key Support & Resistance Level. At the moment, Bulls holding the EMA100 (Support) & Pushing the Bitcoin price towards EMA200 (Resistance) Now If Bulls Cleared the EMA200 (Resistance) & Weekly Candle Close Above it then Bitcoin Might PUMP Hard in Coming days (We Could See HALVING FOMO) If Bitcoin Bulls Failed to Hold EMA100 (Support) Then It Might Retest the 6.4-6,6k Area Again. BTW Bitcoin Bulls Already Broke the Bullish Flag & Now Forming Another tiny Bullish Flag. In Case of Bullish Move, Target Will be Between 7340-7380 (CME gap Area) Outline : At the Moment, I'm Bullish on BTC & It Might Test the 7340-7380 Area, & Also Waiting for Weekly Closing, It Will be Important for Halving FOMO. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
BITMEX:BTCUSD.PEducation
by Faibik
5
Bitcoin | Rising Wedge & CME GAP..!!BTC/USD (Update) In 4hr Chart, #Bitcoin Forming Rising Wedge Pattern & Almost Ready for Big Move. If Wedge Broken Upside, Then Bulls Might fill the $800 Unfilled gap in Coming Days. If Wedge Broken Downside, then It Might Test the 5.8k Area. BTW Rising Wedge is Bearish Pattern.(70/30) In 8h Chart, Still Bulls trying to Clear the Important Resistance (6840-6960) but Bears Defending it. Waiting for Strong Confirmations i.e RSI, MACD, Volume & EMA50 & 100!! Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
CME:BTC1!Education
by Faibik
14
How to see where Bitcoin is heading and when to trade long/shortUsing a weekly log chart showing Bitcoin from when it was only 1 cent up to today's prices of around 9k. In regards to anything mentioned below wait for BTC to close twice above or below any level mentioned for full confirmation. Indicated is each halving of BTC on the chart with the vertical red lines (close enough to date as can't do exact when using weekly chart). The upcoming halving date is estimated. In regards to the date ranges showing bars/days in light purple, you can see with the halving in 2016 that the bull rally afterwards took longer than the previous time. The date ranges in dark purple showing bars/days is from one halving to the next halving which also took a longer time than previously. The price ranges in yellow/orange show the price rise from one halving to the next. The Gaussian Channel shows that when it turns green after being red, the price continues to rise until the next all time high. The yellow rectangle box indicates where the EMA 10 has gone under the MA 21 on the weekly chart. With the 10 under the 21 and BTC trading under the 21 at the same time BTC is in a new bear cycle. You can see there is 1 bear cycle each halving except for this current yellow box BTC is in now, indicated where the ? is on the chart. BTC has not had 1 false breakout this halving, so this yellow box BTC is in currently could be a false breakout. The flags show where there was a false breakout of the crossing of the 10 over/under 21. When the EMA 10 is above the MA 21 and BTC doesn't trade under the MA 21 on weekly chart, BTC is in a bull cycle and prices continue to rise until the next all time high. Hopefully you can see where BTC will go each week using these indications and trade accordingly. Happy trading legends! HTBB
BNC:BLXEducation
by Pro_Trader_HTBB
3
Double ZigZag Elliott Wave 4hrDouble three is a sideways combination of two corrective patterns including zigzag, flat, and triangle. When two of these corrective patterns are combined together, we get a double three Guidelines • A combination of two corrective structures labelled as WXY • Wave W and wave Y subdivision can be zigzag, flat, double three of smaller degree, or triple three of smaller degree • Wave X can be any corrective structure • WXY is a 7 swing structure
BITMEX:XBTEducation
by KidCrypto514
Bitcoin head and shoulders and how to trade themwanted to post this because I see so many people commenting on and trading these patterns "incorrectly." I put incorrectly in quotes bc I acknowledge that it's subjective. This is ideal from a risk/reward standpoint. Whether one is right or wrong really doesn't mean that much in trading if you make a lot more money when you are right than when you are wrong (or vice versa). The most important thing is risk/capital management and what chart patterns are good for is identifying levels of maximum profitability. I was influenced to make this post from a recent comment of Peter Brandt on twitter which seemed to confuse people but he is absolutely correct. His comment was "I have made my living since 1975 trading futures markets using charts My conclusion on chart trading: 1. Charts do NOT predict prices 2. Most chart patterns fail 3. Charts simply tell us where a market has been 4. The only value in charts is for trade/risk management"
COINBASE:BTCUSDEducation
by jthrasher
Price movement Vs RSIOkay so I have not paid too much attention to this in the past but just how fast does the RSI reset itself after a run into overbought territory? Well here is a good example of a comparison that can help us understand that the RSI does not necessarily have to drop with the candles and vice versa. The RSI went down a lot during a pretty flat area in price movement. So consolidation can also cause the RSI to go down over a period of time. The RSI drops much faster when the price drops but it isnt exclusively the only way that the RSI will drop. Consolidation can also cause this as well. Case in point is the chart with this analysis. I drew 2 rectangles. They cover the same span of time yet the RSI dropped a considerable amount while the candles remained inside of a tight consolidation pattern for the most part. I am still learning things as I go and I thought this would be a good piece of info to share with you all. I have long suspected this to be the case (consolidation can also cause the RSI to drop) I dont put too much weight on any single indicator alone but I do like to understand each and every indicator I use well. When the RSI gets high its considered "overbought" which is technically bearish. But I have seen the candles completely disregard the RSI and keep flying. Call it fomo or whatever you want but it happens. 2017 is a great example. Like I said I dont put all my eggs in one basket and the RSI is simply a single indicator I use that I combine with a few others to get an idea of the market direction. I do appreciate the RSI but I would never depend on any single indicator alone. But then again WTFDIK
Education
by UnknownUnicorn4304403
7
Doji lesson 1-2-2020Hello again. I am just being observant this a.m. and looking at these dojis on the 1hr. This method is not perfect but I use it often. When I see a doji (like the ones indicated) and the doji is at the top of an uptrend or downtrend I will often take a position. I can not tell you I have won every time I do but I would put my win/loss ratio to 75% win - 25% loss. Bitcoin has a mind of its own and if you have traded for any amount of time you should know that by now. But there are a few things that can signal a turn around and this is one of them. When a doji shows up at the top of an uptrend it can signal a drop. If the doji shows up at the bottom of a down trend it can signal a reversal as well. You need to play these with a stop loss. Anything can and will happen. If the doji shows up at the bottom of a downtrend than pay attention to the wick. The wick should be longer on the bottom from my experience. These dojis seem to work better than the ones with a taller upper wick. Same goes for a doji at the top of an uptrend. If the wick on top is taller than the one below it works better as a reversal indicator in my opinion. Its easy to see how well this method works. Just scroll back through history. I have made decent $$$ from this technique. But WTFDIK right?
Education
by UnknownUnicorn4304403
8
CHRISTMAS BONUS!!! $25,000 IN 48 HOURS!!! $1,000,000.00 a year is only $2730 a day. $2730 a day is only $110 per hour if you earn money 24 hours a day. If you're only working 8 hours a day, how do you make money in the other 16 hours? You need a business that pays you whilst you sleep. Simple! There is nothing wrong with having a job to pay the bills, but a job rarely sets you financially free. You need a business that pays you 24 hours a day, 365 days a year that you can build in the pockets of your time. Crypto currencies and forex investments opportunities can do that for you.
COINBASE:BTCUSDEducation
by Nettiewhite
5
Top 5 reasons big institutions will never go big in crypto1- They don't need to. JPM was the 6th most profitable company in the world in 2018 according to fortune. They made $32.4 billion net profit (109 billion in revenue). They have 2.7 trillion worth of assets. Turning 10 million into 1 billion in 5 years which is the dream of many, they won't even notice. 2- They have to set up a whole department, risk management, traders, etc, just for 1 small market. Without the wash trading the entirety of crypto volume is about 3 billion (including bitmex I think), remove all the micro coins not worth looking at, and they have access to 2 billion volume maybe. The market cap of the whole thing is a few hundred billions. Sell orders of 1000 BTC drop the price by 15%... Rofl... Then half of it gets taxed and 2/3 of whats left goes in salaries and fees... 3- It is the wild west and a huge ponzi like it or not. Half of the 2015-2017 bull market was attributed to 1 manipulator using Tether. Before that the Willy bot was pumping prices. And 95% of crypto volume was proven to be fake. And MtGox got hacked. So many scams so many complications. They'd have to create a wallet and if they want to sell every one will know. So create wallets. They get 1000 times a $50 transaction or maybe worse. And it could take hours for them to transfer their BTC. And they would need several brokers to affect the price as little as possible. There are just so many complications. 4- The majority of Institutional Investors are looking for income & minimum returns. The rare ones that want big returns have no incentive or cannot join. Bitcoin pays no interest. Already it is something they are not used to. And the prime role of those institutions is not to look for maximum returns. They just want some minimum level of return then more is bonus they gladly welcome if it does not come with increased risk or low liquidity. Bitcoin has wild 80% moves in both directions. And it would be hard for investors to get their money out. It's just not their target. It's an inferior investment to what already exists. You can forget about pension and mutual funds immediately. The biggest 2. The "crazier" ones are hedge funds, and there are some in crypto. They are suspected to manipulate prices (so risk ending in front of a judge), and many ended up with 80% losses and such. Existing hedge funds that are successful are looking to scale up on bigger markets, not scale down lol what are people thinking. And the unsuccessful ones can't get clients, and why would anyone invest with a loser that now is going to gamble his last chance in crypto? Even with all the hype from 2017 very little funds were able to get started. Just a couple randoms with no previous experience, that are popular with "the masses" usually made of young gullible delusional dumb money, and managed to gather a few millions to "invest" (take their 2% fee and then flip a coin investors take all the risk). 5- They care about their reputation and emm... what do you think... They don't want to go to jail duh! Maybe this is the biggest one. They have all to lose and nearly nothing to gain. This one is obvious... Especially recently, after 2008, they have spent enough time in front of judges or members of parliament to want to go gamble on magic beans. They get roasted by senators for exposing their investors to a company that ended up going bankrupt. They are held accountable for everything. Some legit, or that seemed legit, company, regulated, that filled all the paperwork, all they do is let their investors touch it, and if tough luck it goes to zero, that's it, there is a hearing with the government. Imagine if that happened with a virtual currency made out of thin air with no legal ties, no one in charge, no regulation, nothing. Especially with every one angry after 2008. They'd get sentenced to death! Risk death to make 0.25% mmmyeah they are NEVER going to go into crypto if they have half a brain. 1 counter argument no one ever cared about, but they will start caring about once the shills tell them it will bring institutions in: in 2020 CME is launching Bitcoin options. Crypto "investors" care about ONE thing and ONE thing only: reasons for price to go up. They care about NOTHING other than this, it's insane. There's probably going to be another risible "bull market start" in early 2020 with CME options and The Halving™
BITSTAMP:BTCUSDEducation
by MrRenev
11
EW Analysis: Wave structure Suggests Limited Downside For BTCHello traders! After that deeper corrective decline called double zig-zag W-X-Y pattern on Bitcoin , it's time to take a look at potential support levels. We decided to take a look at Bitcoin dominance ( BTC .D) against the ALT dominance (OTHERS.D), where we clearly see a corrective decline in wave 4 that can find support soon, ideally around previous wave »iv«, 38,2% Fibonacci retracement and 14.00 – 13.50 area. So, seems like BTC Dominance will come back, which can be supportive for Bitcoin , especially if ALTs are looking for the potential support or bottom, but according to dominance, BTC should be still doing it better than ALTs! We also decided to take a look on BTC Futures chart, because it's more accurate than those from exchanges. As said above, we are tracking a double zig-zag W-X-Y corrective pattern, which can be approaching the end soon, ideally once BTC .D/OTHERS.D chart finds support. From technical perspective, previous wave 4 and 61,8% Fibonacci retracement are actually ideal support zone and if we also consider an open GAP from May, which usually acts as a reversal point once it gets filled, then we should be really aware of a potential bounce around 7000 area, specifically 7400 – 6300! As always, the count always needs to be confirmed, so we will be watching very closely when/if comes into the support zone . And, if BTCUSD is really going to rebound in strong and impulsive manner later, then we will be looking for longs, but until then we have to patiently wait! Trade smart! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CRYPTOCAP:BTC.DEducation
by ew-forecast
1