BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- BTC successfully retested above the descending triangle with a decent volume and it also breakout the Ichimoku cloud. Currently, it is retesting above the Ichimoku cloud and an effective retest would confirm the continuation of the bullish move.
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Btcbtcusd
BTC/USDTBitcoin break the trading range because of Walmart fake news. Bitcoin able to back in the range and now trading near 45000 area. The yesterday pump and dump liquidate both long and short positions. Market is recovering a little from yesterday pump and dump. BTC need to break and hold above 46000 otherwise we see a retest of 45000 area.
BITCOIN - THE LAST BULL STANDINGDear Traders and Hopeaholics alike,
as the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short) I gave you this chart...
Right now AGAIN they are going to be reading this post and shouting HA HA HA HA HA everywhere I go. But as the President and Founder of HOPEAHOLICS ANONYMOUS, don't let me be the one to have the last laugh...again... ALL THE WAY TO THE CRYPTO BANK!!!
If you are in the industry (Crypto one that is) like me, you know that CRYPTO BITCOIN offers HOPE, it offers the possibility of a more secure and transparent future of money, one that is fully traceable, one that allows you to hold and secure it yourself without relying on a third party that may or may not be there in the future. IT ENABLES FULL CONTROL OF YOUR MONEY!
THE TECHNICAL STUFF
PARABOLIC CURVE - STEP-LIKE FORMATION
At the end of the 'X' symbol, as shown on the chart, bitcoin could double in price in the shortest period of time.
In ELLIOTT WAVE THEORY - we are currently in WAVE 2 - heading into WAVE 3.
Wave 3: In Elliott Wave Theory, wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity (not crypto) markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to “get in on a pullback” will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three’s midpoint, “the crowd” will often join the new bullish trend. Wave three often extends wave one by a ratio of 1.618:1
Wave 3 rally picks up steam and takes the top of Wave 1. As soon as the Wave 1 high is exceeded, the stops are taken out. Depending on the number of stops, gaps are left open. Gaps are a good indication of a Wave 3 in progress. After taking the stops out, the Wave 3 rally has caught the attention of traders.
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NOW ASK YOURSELF THIS - IS THIS SATIRE OR ENTIRELY POSSIBLE?
I'll let you make that decision for yourself, as you are pushing the buttons. BUT let me tell you this... at HOPEAHOLICS ANONYMOUS and in my world... ANYTHING IS POSSIBLE!!!
SHOOT FOR THE MOON - EVEN IF YOU MISS YOU'LL LAND AMONG THE STARS!
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If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT IT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns.
So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED!
And remember, there is NO RIGHT OR WRONG in trading - just money management!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not a financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
Bitcoin's Big ABC Still in Play? Part 4Amazing to see how this slow sideways movement just never seems to be ending. Moving one week inside a 50 point range almost. Keeping the whole market on edge to whether we see a big dump or a big pump happen soon. Normally when a market drops so slowly inside of the shape of a wedge, with volume dropping as well, it's usually a bullish sign. Usually means that bears are loosing strength and that the bulls simply let the selling come towards them. Like their current stage is a test to see how strong the bears still are.
However, when i look at some alt coins, i see a different shape. With ETH' already hanging just above an important support zone, with XRP' giving away the whole rally which it made a week ago. XLM' simply getting dumped like nobody wants to have that one anymore. Litecoin' might be the only one that really trying to push up, trying to do a second rally.
When i zoom out and look at the past 6/8 months, with several alts i can see a similar picture from the Aug/Nov period and the past 2 months. Making a big rally (the BTC' rally to 8.500) and then taking several months dropping slowly. Making some small pumps in the meantime but with the general direction being downwards.
Big difference with Bitcoin in that period, we had a triangle shape. Giving the market the impression that upwards movement had the same odds as making a drop. This time, with the wedge, it's starting to look like there is no way this market can move up. With each attempt to move up it gets pushed down even harder.
So still mixed signals, still very difficult to judge. But for now i am going to let Bitcoin' determine the direction and ignoring the alts. With ignoring them, i mean ignoring the TA them, but i will watch to see if we see weakness increase compared to Bitcoin. Meaning, that when Bitcoin goes sideways or drops a little bit, to see if alts make big dumps. Because that usually results in Bitcoin following the rest of the market. Something we saw on 14 Nov 2018, where Bitcoin was dropping slowly the days prior to that date and alts were starting to drop a lot. Eventually alts accelerated downwards and Bitcoin' started to follow a while later.
For the rest, i would watch that big black trend line on the left, as long as it stays above that line, bulls have a decent chance. On the right we can see that breakout of that smaller wedge failed, made a second attempt to break up but failed again with a small Bart move that happened earlier today. Open Intrest keeps increasing on Bitmex, it's almost 450 mil at the moment. But i also remember, the weeks prior to 6K drop, the market sentiment was turning slowly bullish as well. So i suggest to being very careful the coming period, whether your a bull or a bear.
This big correctional move since a month ago, has shows several ABC's, what the bulls need to see, is something i have drawn on the left. An impulse wave, where wave 4 stays above the previous high (of wave 1). I have drawn black lines in the ABC's of the past month, levels where the price should have stayed above to be the start of a rally. Until we see that happen, the direction is simply down.
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Previous analysis: Don't forget to read it to be up to date
BTCUSD Where are you heading?????Hello All,
It’s becoming much difficult to tell where BTC is heading.
Analysis from a macro prospective:
Currently we have Asia Pacific retailer investor.
Crypto market only seem to have smaller institutional investors.
Crypto Exchanges seem to be getting hacked every week.
Crypto does not have a killer game or dapp for mass adoption.
There have been zero rally’s in the crypto market.
There have however been a lot of manipulations and pump and dumps.
What the chart shows:
When the cloud is below BTC, we are in a bullish scenario.
When the cloud is above BTC, we in a bearish scenario.
Currently the cloud is above and is showing bearish market.
The volatility is going down to 140.
While the dominance remain the same.
However, the volume now are much lower than before.
This shows the bearish market is petering out .
The futures market is hedging against BTC because we are moving sideway and no definitive direction.
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
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Happy trading People...