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Btcmacro

BTC - Explanation of Potential 35,000 / 10,000 Drop & SummaryIn this video I detail out why I believe we will see a significant crash on Bitcoin, dig into the mechanics of how a drop to $10,000 is possible, talk about the US Dollar and macro ideas for Bitcoin, and summarize my trading ideas and why I am anticipating its a good trading opportunity. Any questions or comments, please feel free to ask or leave your own input. This is never about ego or being right over anyone else - we are in this together and all have the same goals.
Short
by DickDandy
2
BITCOIN $59000 MACRO Update: Wave4 CorrectionBITCOIN $59000 MACRO Update: Wave4 Correction 1-Resistances: A) W21ema (~$61,000) is providing an immediate resistance. A break above 67K (If the the W21e is taken out), could resume the bullish momentum for the wave5 of the macro trend. 2-Supports A-Support zone to watch going into Q4: 53-50K (W50ema-M21ema support on average). The M21e is at 47k, however bulls could front run it. 3-M21ema Must Hold 3) Bulls must find support at the M21ema in order to avoid price closing below it, which could trigger more panic selling
COINBASE:BTCUSD
by Sen_Crypto
Degrees of BTC Know Your EnvironmentWhile crypto is an emerging technology sector as a whole, it is important to remember that BTC is a maturing 13-year-old asset. Using a logarithmic chart of Bitcoin going back to the beginning, it is not hard to see the perfect curvature of price action as it searches for its fair market value. Simple line tool measurements of the time vs. price increase of each bitcoin bull run show a stunning relationship of exactly 15 degrees of momentum loss from each exact bottom to the next exact high. This is a monthly Bitcoin all-time history bar chart. Using the line tool and magnet, simply draw a line from each low to the next high. Use the line tool options to display the stats on-screen with the angle. If you zoom in or out, the angles will change degrees but will always remain near exactly 15 degrees apart. We have adjusted this chart for the first bull run angle to 75% to make it easy to see the successive 15-degree change each run. Thankfully in this sequence there is one more 15 degree increment left meaning another run is most likely under way already. Looking at the logrithmic progression of the lows marked on the chart by the perfect red curve it would not be out of line to come down and tap it but breaking below it will happen some day and probably spell very bad news.
CRYPTO:BTCUSD
by Degen-Dynasty
2
Trend Based Fib Time, Macro Picture $BTC #BitcoinAnother interesting observation here.. Trend Based Fib-Time.. The significance of the 0.618 and the 2 levels cannot be discounted. This a big-picture, Quarter-by-Quarter outlook so not accurate to the month, day or week, but to the 3-month quarter in which it falls in. The 0.618 has 3 times (if we assume that the bottom was put in last quarter) marked the bottom of the last 3 cycles. The 2 level has called the last 2 tops (if you consider the first high was put in Q2 of 2021, but the real high was in Q4.. I added 2.25 just to see how that lines up with the 2nd high. The next top could be around in the 4th Quarter of 2025 and the next bottom in 4th Quarter of 2026. Let see if this plays out, check back in a few years ;-)
INDEX:BTCUSDLong
by TheTraderAndy
2
Capitulation on BTC ~ MacroCapitulation is defined as surrendering or ceasing to resist. In the market, it means when investors give up any previous gains in any security or market by selling their positions during periods of decline. Historically speaking, it is also the very best moment to enter the market. For as long as we have been able to use the 200 weekly weighted and simple moving average, the range within has worked as a range where capitulation has happened. 2015-2016 lasted 42 weeks 2019 lasted 20 weeks 2020 lasted 6 weeks Everyone is expecting the 30K level to hold, if it doesn't, we will see capitulation.
INDEX:BTCUSD
by dorfmanmaster
3
MACRO BTC ANALYSIS / BULLISH IDEA + thoughts...First, a few thoughts / reflection as we reach this critical junction... Let's take a step back. It's easy to get caught up in the chop/noise/hype/news. I just saw a headline that read "The Bitcoin Dream is Dead" and couldn't help but laugh... albeit a bit nervously. At risk of sounding like a Vietnam vet or something, I WAS THERE in 2017, desperately watching the crash from previous ATH of 20k, unable to sell my BTC because Coinbase was down (of course). In the coming weeks, as I watched my net worth disintegrate, I had the sense to take some profits, but was mostly ignorant about trading/TA and unable to realize the obvious reversal into a two+ year long bear market. Perhaps traumatized by that experience, I was far too bearish for far too long this time around. It sucks to be the last bull to the party, and you have to be cautious if you're currently looking to reenter / long BTC as it hits new ATHs. You do NOT want to revert to an impulsive noob crypto investor who buys in at the top and rides the retrace down. (Stop Losses are important) But, obviously, this is not 2017. There is a LOT more institutional money in this market, and obviously more retail every year. We've already DOUBLED the previous ATH, and many are calling for 50 - 100k BTC in the next year. At this point, it certainly seems possible, but what happens over the next few weeks will matter A LOT in terms of getting the best reentry & mitigating downside risk. ANALYSIS: We just had a 26% retrace, big enough to have my mother texting me her condolences... but not unheard of for btc bull run retraces. Now it looks like BTC is forming an ascending triangle, a bullish pattern, but also potentially a macro head & shoulders (bearish). Also note that the top line of the rising wedge that BTC previously traded in is still in play. I would not be surprised if we see the h&s play out as a retest of that trend line, which would shake out a lot of weak hands / those who unfortunately bought near the top, and give those with true grit a new entry. If / when BTC breaks and holds above the new resistance level around 37k, this will indicate a continuation of the bull run. happy trades, CD
by cryptodonovan
BTC (Y20.P3.E27).MACRO.StructureHi All, Due for another BTC macro update since I haven't updated it for a while. If you look at the trend lines, support\resistance, from a wave cycle point of view, this makes sense. Not to forget we are close to over bought conditions on the Weekly RSI which also aligns very well with the SP500 and Gold markets too, which also seem to be over due for a correction. They are all due for a correction. Note: Wave 3 to 4 should be complex and ignore what I have place for 3,4,5, its just a place holder for now. Please give me a tick or like for this post. Regards S.Sari Macro view, Note the weekly RSI approaching trend resistance. If it passes this point, then we will hit 16k to 20k PREVIOUS POSTS ============================================================================= =============================================================================
BITSTAMP:BTCUSDLong
by ssari
4