BITCOIN LONGS 📉📉📉📉 Expecting bullish price action on BITCOIN as price filled all the bullish imbalances, and right now is rejecting a bullish orderblock h4 area (demand) i think we go higher from this area. As we are in a RISK ON market sentiment right now and the crypto fear/gred index is in EXTREME FEAR !
What do you think ? Comment below..
Btc_usd
BTCUSDT DAILY Short position indicators explained in short formReferring to below chart on daily BTC USDT , indicators are leaning short .
4 EMA aligned to bear side
55 MA and 200 MA aligned with possible convergence to death crossover bear version expected in next days .
AO in red and negative space below zero
MACD crossing down through zero level towards negative space
Money flow pointed downwards
RSI STOCH apparently overbought however to be observed carefully as this is NOT a lagging indicator and can switch quickly to remain at high levels . To be determined.
A Comprehensive Guide to Bitcoin's Past & Current CycleHello Traders. Here we dissect the past, current, and potential future growth of Bitcoin . I am uploading this chart because there seems to be an influx of charts predicting that Bitcoin is going straight to $100,000 by EOY, which is viable. This chart is showing a possible realistic case for Bitcoin , every phase of the way divided by each Bitcoin halving for an easier understanding of the cycles of Bitcoin . This also takes into consideration for support and resistance lines that is linear within the logarithmic chart.
We can explain it by two supporting pieces of evidence:
1) Bitcoin Halvings
2) Elliott Wave Theory
1) Bitcoin Halvings
The best way to interpret Bitcoin's price action is via the logarithmic chart which shows the overall square root function of each cycle. Simply put, realistically, the log chart is slowing down on the longer timescale, meaning that Bitcoin is now currently in its fourth phase as shown in the chart - price maturity and store of value. Price maturity is shown in most stock models, meaning that markets do not move in straight lines. This chart also helps support the 'lengthening market cycle' theory, which is based on how fast growth of a stock is shown. Bitcoin cannot just continue to grow exponentially. This would lead to incredibly inflated prices that brings Bitcoin into uncharted territories.
As stated above, the cause of these growth cycles are the Bitcoin halvings, which leads to a supply shock and a subsequent rally. As history has shown that with a lower supply, the demand for the coins go higher, meaning that the fundamental value of Bitcoin may go down, and now becomes more of a 'Store of Value' asset, just like gold . Although this chart is just an observation and educated guess, we can still assume that this chart is realistic and a probable scenario as it is calculated with a balance of market psychology, technicals, and overall market cycle theories.
Even the monthly chart can be seen as a minuscule timeframe and we have to take this day by day, timeframe by timeframe. We can most definitely see lower prices and from a longer perspective, anything below 100,000 USD is still considered a great buy for Bitcoin , as many will start to understand that Bitcoin is becoming an investment. If we also apply Murphy's law, we will also have to assume that all good things will come to an eventual end for a cycle.
2) Elliott Wave Theory
If we are taking into account of all the primary waves and count the subwaves of the intermediate counts, we can count for 5 waves for each impulsive and counteracting corrective intermediate waves labeled as (1)(2)(3)(4)(5), which works with higher sub-degree waves of the primary ①②③④⑤ in the circled text.
So (1)(2)(3)(4)(5) = ① degree of the primary.
Each primary and subdgree wave is divided into corrective ABC waves, which is also labeled on the chart. These corrective waves only work between the major waves of 1/2, and 3/4, respectively.
By using the Elliott Wave theory, and the theory of alternation, we can assume that this current cycle is not complete due to the shallow correction of the intermediate wave (4). Once completed (which is a matter of time, not if), will determine the final blow off top of primary wave ⑤. It is currently pending on how we will see the intermediate wave (4) play out. This will be truly an interesting narrative and we will see this ending in either some form of flat, double-triple three.
Trade Safe.
X Force
BTC Long: Not approved yet!In terms of time analysis today was a TRZ. And as per the above chart, Bullish Bat is obvious.
If the market wasn't so sentimental, I would recommend buying the dip. However, considering war's black swan, it would be risky to buy this dip.
Larger patterns are also forming, which may be used as exit points.
Good luck guys!
btc go where after 1 week?Hello everyone, in this chart, as you can see, we have a period of time with the lines that I have marked as dotted lines, that bitcoin can not get out of this range until I specified, and it will suffer and fluctuate in this range. On the other hand, I painted two furs in blue, which indicate the days of trend change. I expect a fall in the first blue line and a climb in the second blue line near the day of the ascent.
#btc Bitcoin Strategy TMPOC ( The Mighty Points Of Controls v1)Hi guys I'm back with more information and knowledge than before (learning Smart money , ICT , Institutional , ... stuff)
this is my Strategy for #bitcoin #btc that I 'm following and I believe it . I will update it if something special happened but the base and main Idea will be same !
so let 's dig into the deeper datas of chart .
we got some SPECIAL NPOC (Naked Point Of Control) that market must reach and fill them.
all of the datas are applied in the chart so I don't thing any description here will be helpful .
I really want to know your ideas and datas about this strategy . hope you enjoy :)
ref of nPOC levels : Exocharts
#btc #btcusdt #bitcoin
BTC UPDATEBTC / USDT
Sorry for being not active last few days but the market was extremely boring
Finally I saw something interesting today
we can see inverse H&S but still not activated yet (still below neckline of the pattern )
Currently ,,The price is facing immediate resistance between 45k-46k (key level) … once price able to fix above it we can see more bullish actions but until that whole market remains bearish ,So Keep your eye on key level mentioned above
Stay tuned for next updates
Best of wishes
A Story of TheKingQuick and short update.
- Stories like to be repeated constantly in Trading, that's how traders try to forecast the future.
- i invite you to research about elliott wave running flat theories.
- 61.8% is still the "Golden Number" and we have to always keep it in mind.
- Play like a Robot and don't use sentiments, adapt your trading style to situations.
- in FA most of the Time, " Good news are coming when the trend is bearish, Bad news are coming when we the trend is Bullish ". This can be called also "Elite Manipulation".
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Target 1 unchanged for now 55,000$.
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Happy Tr4Ding !
BTC - The Final StrawBitcoin has been on an uptrend for 11 years, showcasing 5 separate Elliot Waves going along with it's parabolic and volatile movement. As of 2/13/22 we are in wave 5 for BTC, and the only ways for BTC now is the moon, or hell. For the past year, BTC has been in an upward channel ranging between multiple fibs and about 2x price movement. We've moved sideways. DCA traders and scalpers / swingers have made super profits, and to those people, congrats. But as for our long term portfolios, we are in the same spot... We have touched the 60ks twice and couldn't seem to finish our Wave 5 of BTC and dump... or have we?!
If we look at BTC's price over the past few years, especially from late 2019 - late 2020, that climb in BTC price could act as a Wave 5 climb for BTC and 69k was truly the top of wave five, which means hell for crypto. Or, if we look at this years price movement with higher highs and lower lows being an upward channel (as long as 33-32k holds) as being a continuation pattern to BTC's true top, which is around 150k, or at the top of BTC's channel since it's creation, 400k. 400k is too high for me, and that is because of the increase in volume of traders trading BTC (ratio of volatility and volume moving in and out going down compared to people already in it over time). Check out these conditions and let me know how you guys feel in the comments.
Right now we are in a dangerous spot for BTC... But remember... Since the long-term trend for BTC is bullish, we are Bull until we are Bear in this market - (making this a post favored toward Bulls).
Many things could happen but these are the most likely scenarios:
A downtrend / bear market to 25-14k (roll over {-decrease of volume-} of BTC reaching 60k twice into a bear market and capitulation event)
or
An uptrend / bull market to 72k - 150k (reversal breakout / pattern forming from BTC's descending triangle with increasing buy volume)
These are my conditions for my long-term portfolio, take them as you like and let me know what I should change.
Bull Conditions:
-Break 45k again
-Break 48k
-Form Inverse Heads and Shoulders on 4hr
-Bounce off of Golden Pocket / 0.5 fib on 4hr
-Shorting pressure lifted
-Bounce up off EMA's 20 / 55 (or 50)
Bear Conditions
-Prolonged consolidation around 40k +- 1.25k
-Break (Candle Close) of 37500 and 39500
-Increase in shorter volume compared to longers
-Break of 33k and 28k
-Break down through descending triangle resistance (turned to support)
NOTE: a bounce off of 28k could happen and spell a double bottom, but by that point there would be too much sell pressure in my opinion. Every trade is best decided at that time, so if the market decides it wants to rally off of 28k, I wouldn't be surprised (more volume up with higher wing highs than down with equal swing lows...)
trade safe, trade smart
-Goku
BITCOIN DAILY UPDATE - NO reason to hodl BTC At this pointHello trading friends,
This is an update for BTCUSDT with the last trends.
We have seen last times that most did make the profits are the market makers, which means those did trade the levels.
Depending on TA and trends BTC is at the point of no trading zone. There is no reason to hold BTC until we get confirmed 46K with time frame and confirmation. not that we hit above 46K with just 1 confirmation.
THE ETN TOOL STILL PREDICTS THE POSSIBLE BREAKDOWN TREND TO 41K LEVEL.
About these trends, you can read in before updating.
We are at an important level, where BTC could have manipulation trends, and this can end in a new breakdown trend that ETN predicts. know that's BTC and it going depending on their time frame * so it can take some time before changes happen. and it's best to trade BTC spot if you even day trade into this times.
Have a great day all, and wich your best trades.
If you like this content give it a like and follow for more. / Thank you
# this update means not for day trading - and its also not a trading call.
What NEXT I think btc pass 90k in 2022
Why: Bitcoin is in a bearish sentiment cycle, but the total crypto market and other crypto asset classes are not. Bitcoin was the first cryptocurrency, but now others have surpassed it in innovation when it comes to what experts call “Web 3” — aka the new internet built on blockchain. The release of new altcoins and hype about the metaverse will continue to drive the demand for crypto, and Bitcoin will therefore bounce back eventually.
The Madness of the Crowds ✅✅✅ ✅ The Madness of Crowds
One way to view the market is as a disorganized crowd of individuals whose sole common purpose is to ascertain the future mood of the economy—or the balance of power between optimists (bulls) and pessimists (bears)—and thereby generate returns from a correct trading decision made today that will pay off in the future.
🎯However, it's important to realize that the crowd is comprised of a variety o individuals, each one prone to competing and conflicting emotions. Optimism and pessimism, hope and fear—all these emotions can exist in one investor at different times or in multiple investors or groups at the same time. In any trading decision, the primary goal is to make sense of this crush of emotion, thereby evaluating the psychology of the market crowd. Understanding Herd Behavior
The key to such widespread phenomena lies in the herding nature of the crowd: the way in which a collection of usually calm, rational individuals can be overwhelmed by such emotion when it appears their peers
🎯 The Risks of Following the Crowd
The key to enduring success in trading is to develop an individual, independent system that exhibits the positive qualities of studious, non-emotional, rational analysis, and highly disciplined implementation. The choice will depend on the individual trader's unique predilection for charting and technical analysis. If market reality jibes with the tenets of the trader's system, a successful and profitable career is born (at least for the moment).
🎯 So the ideal situation for any trader is that beautiful alignment that occurs when the market crowd and one's chosen system of analysis conspire to create profitability. This is when the public seems to confirm your system of analysis and is likely the very situation where your highest profits will be earned in the short term. Yet this is also the most potentially devastating situation in the medium to long term because the individual trader can be lulled into a false sense of security as their analysis is confirmed. The trader is then subtly and irrevocably sucked into joining the crowd, straying from their individual system and giving increasing credence to the decisions of others.
🎯 Inevitably, there will be a time when the crowd's behavior will diverge from the direction suggested by the trader's analytical system, and this is the precise time at which the trader must put on the brakes and exit his position. This is also the most difficult time to exit a winning position, as it is very easy to second guess the signal that one is receiving, and to hold out for just a little more profitability. As is always the case, straying from one's system may be fruitful for a time, but in the long term, it is always the individual, disciplined, analytical approach that will win out over blind adherence to those around you.
Bitcoin through my eyesBitcoin is in a bear market whether you like it or not.
I think it should be decided by May.
Quite possibly the market is just giving us a chance to get out at better prices.
Situation when Whale adresses numbers are declining and retail is buying is not a good sign.
Do what smart money do, not retail.
Order Types in the Markets💰💰💰🎯 In the financial market the orders are on two categories.
✅ Market Execution orders LONG - BUY SHORT - SELL meaning that you are ok with the price on the certain asset and you would like to short or long it on the other side there is
✅ Pending Orders - meaning you are not ok with the actual price and you would like to buy/sell it later in time I use pending orders when i am out of my trading office so i dont miss trading opportunities
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