EMAflow Analytical modeMany users on tradingview are impressed by unlimited amount of indicators available but the truth is that just finding and adding together random indicators is something that brings unpredictable results. Every good trader will tell you that after you learn the knowledge biggest time goes to practice and learning when certain indicator works and when it doesn't ... This takes many years and in the end it is better to understand something when it works and when it doesn't (and adjust how you react to this) than not.. if you keep exploring new things you will be in a cursed circle always confused when market conditions change enough that something breaks.
EMAflow has been always created and developed from same base elements - all indicators are ment to be complementery, supportive of each other - watching exactly the same thing from another angle while providing same signals - so when you get same signal on many aspects you know its high probability. But sometimes grasping what market we're in is very hard so you need to zoom out - but then again comparing random fractals and ema crosses is not enough many times aswell..
This why EMAflowPRO comes with Analytical mode - ment to be always watched in zoom out -- it will provide visual signature of price action from different angles but looking for the same things..
Have a look
s3.tradingview.com
No matter what EMAflow indicator you use - it will provide consistent colors and feel based on the angle it tries to interpret.
Can your random indicators put together do that?
Let the time answer this one :) If you don't have time and just want what works - EMAflow gives exactly what you need. Find out more on my profile.
Also the top chart - has 3 levels of buy the dip on spot :) Follow what happens arround this area to see the ranges and intraday variants in action.
BTCEUR
BTC - Bearish for SHORT TERM🐻Hi Traders, Investors and Speculators of Charts 📈📉
After closely monitoring the market trends following our previous idea of shorting until the 25K support zone, it has become apparent that there is a notable increase in selling activity. Despite witnessing a decent rebound initially, it was met with an equivalent level of selling pressure, resulting in the price experiencing a downward trajectory with lower highs.
Furthermore, it is crucial to take into account the occurrence of a multiple bearish patterns in the daily (short term) timeframe including a double top, Head and Shoulders pattern and Bearish M patterns.
These technical chart-analysis patterns typically indicates a reversal in the price trend and suggests a bearish outlook for the short term. It implies that the market has made two unsuccessful attempts to surpass a certain price level, highlighting the presence of significant selling pressure and a potential decrease in investor confidence.
NOTE that although I am still bearish for the SHORT term, I remain bullish in my macro perspective.
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From the Fibonacci Retracement Macro perspective, we can see the price is still in the upper resistance zone; right underneath the 1.618. What we DO NOT want to see from the monthly timeframe is a close UNDER the support at roughly $25K. This would drive the price down to find more buying pressure around $20K.
BITSTAMP:BTCUSD COINBASE:BTCUSDT INDEX:BTCUSD BITFINEX:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT BYBIT:BTCUSDT BITGET:BTCUSDT CRYPTOCAP:BTC GEMINI:BTCUSD BINANCEUS:BTCUSDT PHEMEX:BTCUSDT
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BTC Short Term TROUBLE -Sub $25K LikelyHi Traders, Investors and Speculators of Charts📈📉
After closely monitoring the market trends following our previous idea of shorting until the FWB:25K mark, it has become apparent that there is a notable increase in selling activity. Despite witnessing a decent rebound at the FWB:25K support zone, it was met with an equivalent level of selling pressure, resulting in the price experiencing a downward trajectory with lower highs.
Furthermore, it is crucial to take into account the occurrence of a double top formation in the daily timeframe. This technical pattern typically indicates a reversal in the price trend and suggests a bearish outlook for the short term. It implies that the market has made two unsuccessful attempts to surpass a certain price level, highlighting the presence of significant selling pressure and a potential decrease in investor confidence.
Considering these factors, it is prudent to exercise caution and be mindful of the prevailing bearish sentiment in the market. Traders and investors may need to reassess their strategies and potentially explore short-term trading opportunities that align with the current bearish trend.
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I've been consistently bearish in my short term outlooks but bullish longer term, as seen below:
However, I remain BULLISH for the longer term and do not expect us to drop any lower that $23K.
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CryptoCheck
BITSTAMP:BTCUSD COINBASE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD CRYPTO:BTCUSD CME:BTC1! BINANCEUS:BTCUSD GEMINI:BTCUSD BINANCE:BTCUSDT BITFINEX:BTCUSDSHORTS KUCOIN:BTCUSDT OKX:BTCUSDT
The Battle against the dollarBitcoin facing the bullrun support/resistance flip while dollar is gearing up for a double bottom
For both pairs there were similar pattern in the past what you can see below
If dollar completes the target of the potential double bottom then you can probably see bitcoin making a move back to support for a potential double bottom aswell
Bitcoin: Bulls VS Bears: Battle of $26KHi Traders, Investors and Speculators of Charts📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫
A quick analysis on Bitcoin. Over the weekend we may see some volatility as the bulls and the bears battle on the current support zone at $26400.
It is my personal view that this trendline will hold , due to a macro market perspective analysis that I did a couple of days ago which pointed towards BTC being in phase E of the Wyckoff Method market phases :
Incase you missed it ! A new altcoin that leverages memes and the hype of AI : AIDoge :
BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD KUCOIN:BTCUSDT COINBASE:BTCUSDT OKX:BTCUSDT BINANCEUS:BTCUSD BITFINEX:BTCUSD PHEMEX:BTCUSDT
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Binance halts BTC withdrawals and spooks the marketBitcoin futures closed slightly below the $30,000 mark (at $29,910) last Friday. However, the price took a nosedive over the weekend as Binance temporarily halted Bitcoin withdrawals and transfers, citing an overwhelming number of pending transactions. On Monday, Bitcoin futures opened at $29,105 and continued lower toward the $28,300 price tag where they currently trade. We pay close attention to MACD on the daily time frame, which continues to develop a bearish structure. In addition to that, we observe volume levels, which are considerably lower compared to a recent period when Bitcoin was moving sharply higher (in so-called spikes). That is an interesting development as the addresses with more than 100 and 1000 Bitcoins in the balance are not seen growing in number in the past two weeks; meanwhile, the number of addresses with much smaller balances continues to grow, suggesting that retail continues to accumulate. We previously expressed our beliefs that it is very likely that we will see a massive rag-pull being played on retail investors, and that continues to be the case. Our stance remains unchanged as we believe the most deceitful bear market rally continues to unravel. Accordingly, our price target for BTCUSD stays at $15,000 and $13,000.
Illustration 1.01
Illustration 1.01 displays the daily chart of Bitcoin's continuous futures. If the price breaks below the sloping support, it will bolster the bearish case in the short term. The same applies if MACD performs a crossover below 0.
Illustration 1.02
Illustration 1.02 displays the daily chart of BTCUSD across various exchanges. We would like to point out the similarity in volume trends on all these exchanges. Volume dropped significantly compared to the two previous major legs up (from around $17,000 to $25,000 and $19,500 to $31 000).
Illustration 1.03
The picture above shows simple support and resistance levels derived from peaks and troughs.
Technical analysis
Daily time frame = Neutral
Weekly time frame = Neutral
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BTC : Phase E, According to WYCKOFFBINANCE:BTCUSDT
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
The goal of looking at a chart from a Macro time frame perspective is to identify the current market phase / cycle. When we look at the BTCUSDT chart and overlay the Wyckoff Method Accumulation, it's clear that the price action is currently trading in Phase D, about to move to Phase E after the SOS. If you're looking for more details on Wyckoff Method Technicals , see here :
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BTCFriends, Bitcoin also seems to be supported and can have a good rise.
I specified the targets based on the harmonic pattern. The first and second targets have hit the upside and we are waiting for the third and fourth targets.
Good luck
Karim Heydari
Financial market expert and analyst and member of the faculty of computer engineering department
Bitcoin might be approaching highly volatile territoryBitcoin dropped approximately 12% from its recent highs. By doing so, it retraced toward its 50-day SMA, which acts as an important support level. In addition to that, MACD, Stochastic, and RSI started forming bearish structures on the daily chart, causing us to be very cautious. Due to that, we will pay close attention to the stock market (especially Nasdaq 100), which continues to be highly correlated with Bitcoin and may spell more trouble for cryptocurrencies if it manifests weakness. Furthermore, we will monitor volume and technical indicators to give us more clues as to where Bitcoin is headed next. Overall, our stance has not changed. We continue to think that over the past few months, we have seen one of the most deceitful bear market rallies, and Bitcoin is due to see new lows in 2023. However, it is also still premature to declare a victory. Therefore, we emphasize caution as we believe the market might be approaching a highly volatile territory.
Illustration 1.01
Illustration 1.01 displays the daily chart of BTCUSD and 50-day SMA. Yellow arrows indicate bearish breakouts below critical support levels. We will pay close attention to the 50-day SMA and its ability to stop selling pressure. If it fails, it will be bearish. Contrarily, if it succeeds, it will be bullish, and Bitcoin might attempt to retest 30 000$.
Illustration 1.02
Illustration 1.02 shows the daily chart of MACD. If it breaks below the mid-point, it will bolster the bearish case.
Technical analysis
Daily time frame = Bearish
Weekly time frame = Neutral
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
The U.S. government is unloading 1000s of BTCs into your handsIn the past five months, we showed multiple odd developments on the 1-minute charts, which included sharp upticks in the price of Bitcoin, often leading to new highs which lasted only a few seconds during the weekend or shortly after the close in the futures market (in generally illiquid markets). In addition to that, we noted that many of these price movements looked artificial and unhealthy to sustain the rally in the long term. As a result of that, combined with tight monetary policies, worsening economic conditions, and other factors that are typically bearish for risk assets like Bitcoin, we concluded that the market has not bottomed out. Accordingly, we maintained our bearish outlook beyond the short term with the notion that Bitcoin would return to its 2022 lows over time.
During the same period, we noticed that sentiment among retail investors turned extremely bullish and arguably even more so than on previous rebounds. We warned about this deceitful nature of bear market rallies several times in the past year, always outlining those same developments - people getting overly bullish while dismissing the reality and surrendering to so-called “FOMO” (while telling everyone else that they are missing out on a “lifetime opportunity” if they are not invested). This theme became central to the cryptocurrency market and even stronger with the recent banking fiasco in the U.S. and Europe, prompting many people to revolt against “irresponsible” bankers and governments by buying Bitcoin.
However, before the weekend (and two weeks after our warnings about retail investors ending up holding the bag), big news came out regarding the U.S. government and its sale of Bitcoins seized thanks to the Silk Road bust (a stash of about 50 000 Bitcoins). The U.S. administration reportedly sold approximately 9 861 Bitcoins valued at about $216 million in March 2023. Furthermore, the government seeks to unload the remaining 41 139 Bitcoins during the course of the current year (in multiple batches).
We expect this to be conducted with the maximum benefit to the government. Moreover, if we were to take any lesson from commodity traders within the U.S. government in the past year, we would point out their successful game in the oil market, where they happened to sell oil at highs last year, only to seek a refill of Strategic Petroleum Reserves near the lower end of $70 in 2023. That leads us to speculate that the U.S. government does not foresee much higher prices (from the current level) at which it would otherwise sell its stash. Overall, we think the whole situation is growing increasingly ironic because of the fact that so many people seek to buy Bitcoin in order to get away from the system, and instead, the government will dump its holdings into their hands, leaving them with less than what they paid for at the end.
Illustration 1.01
Illustration 1.01 shows the daily chart of BTCUSD. The red and green arrows indicate particular technical developments which raise questions about the rally's sustainability (the rising price accompanied by declining volume and divergence between the price and RSI). The yellow arrow indicates an area of interest, which we will pay close attention to in the following days.
Technical analysis
Daily time frame = Neutral
Weekly time frame = Bullish (weak trend)
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Bitcoin is finding a strong resistance between $27 000 - $28 500Since our last update on Bitcoin, not much has happened in the cryptocurrency market. Bitcoin oscillated between $27 000 and $28 500, finding strong resistance around this level. Meanwhile, volume continued to decline, still raising a question about the rally's sustainability. Overall, the bullish trend started to weaken, turning more into a neutral one. However, we remain cautious as low liquidity in the market may cause a volatile move in either way. We previously outlined that the rebound in stocks would provide a temporary lifeline for BTCUSD. Therefore, we will continue to pay close attention to the stock market, mainly the tech sector, which stays highly correlated with Bitcoin. Sooner or later, we expect it to break down and drag cryptocurrencies with it. In fact, we would not be surprised to see investors taking profit in order to cover losses elsewhere (just like on previous occasions in gold). Thus, we stick to our previous assessment that the current rally will likely turn out to be only another bear market rally.
Illustration 1.01
Illustration 1.01 displays the 1-minute chart of BTCUSD on 24th March 2023. The yellow arrow indicates a huge spike in the price of an asset. However, the spike to $29 380 lasted about a second and is not observable on other exchanges. Therefore, it can be considered a glitch and discarded from observation.
Technical analysis
Daily time frame = Bullish
Weekly time frame = Bullish
Illustration 1.02
The picture above shows the daily chart of BTCUSD within the ascending channel. The green and red arrows indicate the growing price accompanied by a declining volume, which is a questionable development (as for the rally). The yellow arrow indicates the price’s return back into an ascending channel.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Bitcoin Completed Its Inverse Head and Shoulders - What's Next?Bitcoin had a massive rebound (almost 50%) following the failures of Silvergate, Signature, and Silicon Valley Bank. It's hard to believe given the lack of financial stability of some banks and the uncertainty in the markets that BTC would have such a big jump within a week, but technically speaking this move is very bullish. Considering this, I could see BTC doing one of two things. 1) Mega Bull Scenario - BTC flags up here and rockets to higher highs it hasn't seen for some time 2) BTC revisits the neckline around $25k before moving upward. I personally prefer scenario 2 because I don't like seeing over-extended runs that result in extremely fast moves to the downside. Plus, it's healthier for the sustainability of the bull run to have small corrections after each strong move. I think the neckline is an ideal place to reload and prepare for the next leg up.
DISCLAIMER: There is a lot of uncertainty in the markets at the moment. With a potential financial crisis brewing in the financial sector, the bullishness of this run could turn bearish very quickly. Have a plan in place just in case.
BITCOIN - BTCUSD - BUYFollowing bitcoin support and resistance lines.
Entry:
$24,100 - $24,400
Take Profit 1:
$26,000
Take Profit 2:
$27,000
Stop Loss:
$22,500
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BITCOIN: With the DXY Threatening to Spike, BTC Might Fall a BitI'm watching the DXY carefully. It is long overdue for bounce since peaking in September. With the DXY threatening to spike and Bitcoin jumping 66% from the $15k lows to a key resistance level at $25k, it wouldn't surprise me to watch the DXY to run for a bit while Bitcoin retraces. Naturally it makes sense if the dollar index becomes stronger that every thing measured in dollars becomes weaker. We have a possible completed 5wave pattern. If BTC were to correct from here, we could have an inverse head and shoulders setup. With things so bullish, I would be looking for a shallow right shoulder. However given the bullish sentiment around BTC and the crypto over the past 6 weeks, I would not be surprised to see a wick down to the .618 as big money tries to flush out the over-leveraged longs. BTC has fallen $500 since I started writing so we may have already begun. Be patient and don't get greedy. I'll be using the DXY and BTC/Dow price action as my barometers.
Not much going on in the cryptocurrency market Not much has occurred since our previous update on Bitcoin. Therefore, we stick to our last assessment and remain bearish with price targets at $15 000 and $13 000. However, we want to reiterate that the short-term trend reversal has not been confirmed yet.
Illustration 1.01
The image above shows the daily chart of MACD. We want to see it fully break below zero, bolstering bearish odds in the short term.
Technical analysis
Daily time frame = Bearish
Weekly time frame = Neutral
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BTC breaking outPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Don't be just a taker, be a giver! 👍🏻
Bitcoin is breaking out of this triangle 📐 to the upside so there is chance for run to 26600 and even higher. Just bought at 24869. Breaking out to the downside and reaching the Stoploss level would mean invalidation of the pattern.
ENTRY : local high @ 24869
STOPLOSS (SL) : local low @ 24539
TARGET : height of the triangle projected from midpoint of the local range (BUY - SL) @ 26600
REWARD RISK RATIO (RRR) : 5.2
INVALIDATION : when SL level hit
This thesis is supported by my other BTC analysis - check down below:
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BTC 🔵 or 🔴 ?Roses are red, violets are blue. Bitcoin pumping⛽ but currently being below trendline resistance. I have 2 bullish scenarios in my head how we could get to the target. Blue🔵 or red🔴? We could hit the target in few weeks anyway. Target being projection of the previous range 100%-0%, it's just measured move added to the range high (100% @ 21480). Simple yet powerful technique. See the REKTanglez😁 on pic below, and it should be clear.
PS: Hover over the BIZ circle and you will find a treasure!
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.