BTC - Whales net! MACD & RSI div- When the rumor spoils the technical analysis!!
Bitcoin is at a very sensitive point, resistance 40 to 42, which is very crucial!
I do not work with indicators too much, not only are they bad or incorrect, but they are also very accurate!
The fact that I do not use the indicator much because I have my own scalping strategy, but I use it a lot in long-term analysis.
If you know a bit of analysis, you have definitely heard the name of divergences!
This means that if the trend on the chart is in line with the trend of indicators such as MACD and RSI as well as Volume, the chart should continue its trend, but when the two are in conflict with each other, there is a negative divergence and the trend will change!!
If you look at the analysis, here are 4 red arrows in the indicators down and a green arrow in the chart is up!
These 3 POWERFUL indicators show us negative divergence and future change of trend!
Leaving aside the specialized discussion of technical analysis, let us turn to the subject of WHALES!
Over several years of experience in the crypto market, which is easily used as a toy for whales and others...
And we have seen many times that the thinking of whales is exactly the opposite of the common people and they make money this way.
After a popular poll in instagram, more than 80% of people predicted the rise of Bitcoin for next week.
The tall green candles are just like the net that the whales spread out for the common people and wait to be caught.
So be very careful and note that there is no definite forecast in this market and bitcoin may rise to 60,000 after this post.
And I left the analysis of the indicators to you, and the indicators are known as chart pathometer (Lie Detector of CHARTS).
Judge for yourself
With thanks and appreciation to my dear friend @morteza-rainman whose analysis of Bitcoin is down here.
Btc-short
btc short 2018 20jul to 16aug time to 2021 20jul to 16th augWent back and did a little work as this is déjà vu for me from 2018 and I was really surprised to notice the dates as well as the indicators almost perfect uncanny really have a look on the chat and scroll between the two date timelines which will be in the yellow boxes better view on the daily, you’ll notice the similarities between the peaks in the indicators Connors RSI the MACD and the moving average ribbon
Which I have set up with the following
20sma
10 week ema (The ten-week ema is a great volatility trigger I have found it also reveals big moves about to happen and trend change)
50sma
100 an 200 Sma’s
Learning charts patterns and indicators are the easiest of all
controlling emotion will be the hardest task of them all
See what you guys think 🤓
Immediate SHORT opportunity on BTC as pullback is expected...Bitcoin's price today is at $38k level, with a 24-hour price decrease of -1.84%.
As predicted, price is headed to test 40k resistance level , with already 4 out of 5 targets reached since the LONG signal (please view the related idea). MACD crossover, indicating a strong bullish pattern while moving averages are flattening, suggesting a pause of the downtrend momentum. Traders who have bought at the stated entry price (please check related idea from one of our interns) could benefit 31% gains!
Even if in the long run our expectations are bullish , an immediate opportunity has been spotted! Daily or swing traders may partially disinvest from the long position & go short !
On 4h chart in fact, RSI index is strongly overbought and there has been already a volume confirmation, all those being signs of a possible pullback up to 32k area. Daily chart is not overbought yet, so I expect the price to rise over 38.5k level before the the pullback occurs.
ENTRY PRICE: > $ 38.4 k
TARGET: $34k / 33k / 32 k
STOPLOSS: $39.4k
Historically, whenever the price had a rally from the bottom of the Keltner channel to the upside, an immediate pullback occurred to the lower side of the channel.
We expect the asset to consolidate then in 32k - 36k range, before going up to 40k in mid August as predicted. In fact, BITMEX funding index shoes negative rates since May, suggesting longs are paying shorts. Historically, whenever a long series of negative funding rates occurred, a bullish breakout happened.
Stay tuned for more ideas and please follow us on Twitter as well.
BTC Countdown to CrabtownEach push getting weaker, indicators indicating flagging or down instead of flagging or up... Yea, this is when you consider a short. Could go either way, but I think we cool off back to 31k at least, before we have a shot at returning to bullishness. There are a few stronger support areas now though on the way down. Set stop loss accordingly.
Crab claw coming down, don't get pinched!
Dont forget the overall tendency.Seeing big pumps like the ones we are have been seeing that past few days surely gets our hopes up, but remember that in the daily time frame we are still in a downtrend and we are currently testing the 55 EMA, so if we are able to break this point we could see a trend reversal but we don't have that scenario just yet so let's stick with what we have now.
Incoming PainWe have to dump before we can pump. Can't get to max pain in the 30's, and between TA, the fud in the news, and the fear surrounding the greyscale unlocking on the 18th could give us a nice dump in the coming days. Even without it, we've broken down out of a wedge (that was inside of a triangle), and there's an argument that can be made for a puny h&s, so down is gonna happen more likley than up right now.
This most likley will be a slow bleed to the low 30k's over the next few days, then on the 18th when the unlocking happens, that could be a catalyst for a dump to around 27k, potentially as low as 25.6k. This will not be quite enough to hit max pain, which is probably going to be reallllllly close to the previous cycle ATH around 19.4k.
We will likley bounce to 33-35k again (probably on the lower side), so we can repeat this cycle of hope and despair that sideways causes, but there will probably not be any more bouncing around after that. The next time we go down will be max pain, and the market will finally break out up or down, ruining us or making us all life changing money.
Try not to get shook out yet, the best is (probably) yet to come
BTC | Shinking volume and voltilityBTC we see the breaking of trendline(from 28800), and a low volume rise but rejected by down trendline(red one), I guess a big short chance is opening.
If the price jump over the creek(>35k), the short pos should be closed.
Another option is to take a long pos when the price break the down trendline, but the long side better wait for the second test.
BTC Bearish in 4h time framehi guys, our previous analysis with SIMS strategy for long went well and targets achieved. now here, i have short situation for btc( as i said in my previous chart) which is confirmed now. so, i have 2 entries which is indicated with gray( but i think higher entry wont be triggered because of that heavy support( thick black line) which broken previously. the tps are thin black lines.