BTCPERP
Bitcoin $BTC Wyckoff AccumulationExpecting a swing fail between $23,350 and $23,525 and a continuation towards SPRING around $22,500. Then, a move up towards mid $25k.
BTC 4H SupportBTC 4H support is now at ~$22700-23300
Enter 50% at the current price
and try to set some BUY orders near the support zone
If BTC stays above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
U14 • Bitcoin • Strong support buildup while futures looking...Under 14 minutes (U14) update.
In this video, I walk through the significant bidding sitting under price down to the 20.5k and talk about what is going on with Futures and positive change in some of its data.
I revisit some of the technical levels I discussed in the previous video, which remain intact.
While we trade above 19.4k, we are still sitting in a bullish technical structure for the near term (Q1-Q2), but as I discussed in the video, I would not like to see price trading there unless some data is well aligned.
Check the video for a more well-rounded overview of the current PA.
Just for memory and fun - my bitcoin prediction as of 30/01/2023Hi All,
First ever idea, been trading crypto BADLY! since late 2017 and always visited here but never made an idea so here it is.
Reasoning - I think we will see a bottom just like the July 2015 bottom where the price has broken the 20 SMA but is rejected by the 144 EMA on the weekly chart. Which could mean a revisit to either the low of 15.5k for a double bottom or even a lower low (i like the look of 12k :) )
Then based off the number of months (approx 27) i think we will have a bull run until May 2025 and my prediction is 300k ish. Again just for fun.
NFA - just publishing to look back on to see how wrong I as was! As whatever I seem to think or do in this market (other than buying and holding) goes t!t5 up. I may start counter trading myself:)
Probably wont age well at all but here goes.
NEWB advice - stay away from the deadly leverage especially early on. It will find you and it will eat you slowly :)
Forming resistance zone, the possibility of BTC going down?BTC appeared many resistance areas, is it ready for a short period ?
This article will analyze the BTCPERP 4h chart, besides just the indicator Price Barrier.
According to the 4h frame we can see BTC made a nice rally from the 16k5 area up to the 23k5 area.
During this process of creating a trend line we can see the green/yellow cloud below the price is the Green Barrier and the price tends to go in the direction of the resistance line,
(It can be shaped like roadblocks to keep the vehicle moving in the right direction). But this trend was broken on January 23, 2023 as we see on the chart.
Then the price will move sideways for a while and not be able to break out of the 23k5 zone. It is at these points that Red Barriers appear.
They are like resistance areas and price can't break through. Now that a Red Barrier is appearing, is there a chance for a BTC drop after days of failure to break through this zone ?
Bitcoin Prediction Next 10 years
I belive strongly we will hit 26K and drop to 13k in the near future. From then we work our way to 32K then up to 52k. we would drop to 21k before hovering around 22k and 34k. From there we do a Bart Simpson pattern at 37k to 42k back down to 37k. Then after that we haul all the way up to 107k and take a steep drop to 64k. from the low we will pump to around 420,420(because our current all time high is at 69.6k it makes sense we will hit 420,420. Then we crash all the way to 84k before hovering between there and 122k. We run up to 177k then to 112k before ripping booty to 1.9m. A correction to 1.2m and then we will fly up to 3.1m before crashing to 469k. FUD is widespread institutions are crapping themselves. Tim Cook who bought 40 Billion bittys at 2 million is crying at his stock bonuses disappearing before the launch of the Iphone 23. He capitulates at 1.7 Million. Then Bitcoin Flys after Tim and many other companies capitulate. We Melt Faces on our way up to 10 Million before dropping to 4.1m and back up to 10.5 Million. Again the companies bought the top and overleveraged and capitulate many bitcoin at the bottom. The cycle continues. (Not real TA i really pulled this out my A** lmao)
Volatility will be high, beware!!!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Important US macro data for today.
▫️Interest rate decision 22:00 Moscow time.
▫️FOMC press conference 22:30 Moscow time.
Guys, volatility from macroeconomic data will be increased, be as careful as possible if you are in a position, they will take out in both directions!
Now the forecast is 99.7% that the rate will reach 0.25 bp and this result can be considered as a short-term positive in the cryptocurrency and stock market after a series of tightening.
If the rate goes 0.5 bp and higher, then most likely we will see a good correction in the range of $21,500-20,800. After the announcement of the rate, there will be a press conference where J. Powell will answer questions from journalists, perhaps we will hear something new about the future plans of the Fed, volatility in the market will also be present.
Later I will describe the charts from the technical side in more detail, while you need to wait out the storm from the news. And now stock up on popcorn friends, the most interesting thing is in 3.5-4 hours!
BTC 4H SUPPORTBTC >40% since our last trading idea below
BTC 4H support is now at ~$22700
Enter 50% at the current price
and try to set some BUY orders near the support zone
If BTC stays above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
Breakdown of the falling wedge opens the way above $25,000Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Friends, let's go back to the global scenario for bitcoin once again, the breakdown of the falling wedge and fixation above the pattern can give a good impetus?!
From the technical side, everything looks exactly like this, fixing above the 0.618 zone opens an unconditionally bullish scenario with a hike above $25,000, but as I said earlier, we must not forget about the news that awaits us ahead.
Now all the attention is again directed towards the FOMC, it was after the CPI results that we saw a take-off from $17,000 to $23,000 with you. There were no more high-profile news, there were only small reports.
So, if the fundamental goes positive, which is unlikely (the Fed rate and unemployment data), then this can certainly push Bitcoin into the $25,000 zone with one fat candle, but the question is whether the buyer will hold the price there or not, a quick correction back can follow. to local levels of support, it's like thinking out loud...
If the data comes out at a rate above the expected 0.5-0.75 bp, then most likely we will again go under the pattern's global resistance and this may bring a deep correction to $18,000-17,000 again.
Or maybe not everything is as bad as it seems, they will again show the removal of 300-500 points back and forth and again hang in the $22,800-23,500 zone
BTCPERP| correction has begun or again snag?!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Guys, I want to paint some thoughts before the start of a hot week:
The scenario that I described earlier with a $24,000-$24,200 takeaway worked like a Swiss watch, collected liquidity from the top as expected and dropped back to the $22,800-$23,150 support zone
At the moment, the bitcoin chart is hovering in the local support zone and the formation of the structure in the range of $23,150-22,800 continues, this can be attributed to a further bullish move up to the $23,800-24,000 zone again.
But do not forget that a strong fundamental of the US macroeconomic data is waiting for us in front of us, and in front of the data they always create incomprehensible volatility in the form of carryover in both directions, so you need to be as careful as possible here.
I think that before the release of the US key rate, we will still see a movement towards the local resistance of $23,500 and a rebound again to the support zone of $22,800 and below.
Local thoughts before correction...Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
A few local thoughts on the bitcoin chart.
From the technical side:
On the four-hour timeframe, we have a local triangle pattern with a puncture at $23,800.
I think that if the weekend goes without sharp movements on the chart (there will be no strong volatility), then most likely we will see a full-fledged triangle with a few more confirmations.
The question is, what will be the way out of this structure and triangle?
There are several thoughts about this, they are as banal as possible and you may not hear anything new for yourself, but it’s worth sharing.
1. The market maker shows us another take-out to the $24,000-24,200 zone, which causes even more fomo (loss of profit syndrome) and drives even more crowds into the long, after which it throws off the entire load to the local support of $21,900-21,500 and it continues there formation of a new structure.
2. This is to give a false correction approximately from the level of $23,000-23,500 (I do not exclude volatility from reports) and from there put a candle into the zone of $22,200-21,700 approximately, and after that bring it to the zone of $24,000-24,200.
Well, either the unemployment data is very bad and plus they raise the rate by 0.75-1% bp and we see one arrow in the range of $17,000-16,500
Results of the outgoing week, will we close above $23,000?Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
The global scenario for bitcoin on the weekly timeframe is still unchanged, the price continues to be at the global upper resistance of $22,800-23050
The recent $23,800 hike was caused by volatility due to Tesla's report, and there was a statement from Elon Musk that he did not sell or buy bitcoin, this also caused a storm in the market. After that, the price returned to its usual range of $23,000-22,800
Briefly about the reports of large companies:
The reporting week continues, the reporting of large well-known companies is still ahead, there may be volatility in the stock and cryptocurrency markets.
Next week is also strong on the fundamentals.
Important events for the next week that can show the volatility in the markets:
2 February key rate results.
February 3 release of data on unemployment.
I think that these data can cause strong volatility in both the stock and cryptocurrency markets, until I make any forecasts, we'll see closer to the 2nd or 3rd day, it will be more clear what the Fed is aiming for...
Bitcoin Global ScenarioHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
More globally on the Bitcoin chart.
I want to supplement the previous idea, if we combine the global countertrend line with the support line that I showed on the chart, then we get a global falling wedge pattern, which is also a bullish pattern.
But at the moment the price is at the strong resistance of $22,800 I have said before that if the buyer holds this zone, then most likely we will see another bullish scenario.
And also from the technical side, there is a chance to see a correction from the upper border of the pattern or from the level of 0.618 approximately in the range of $22,200-21,900, followed by a move to $24,000(+-)
In general, as you already understood, if there is a correction, then it can be false, followed by a rebound above the local high of $23,300. A market maker can kill two birds with one stone, gather all those who believe in aggressive growth from current values and punish those who aggressively short and believe in a deeper correction.
While I am actively watching how the weekly candle will form, now from the technical side it is an important indicator, either a rebound from the upper limit or a breakdown and continuation of the bullish rally. I think you understand my train of thought.
BTC 4H SUPPORTBTC +36% since our last trading idea below
BTC 4H support is now at ~$20800
Enter 50% at the current price
and try to set some BUY orders near the support zone
If BTC stays above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
Local thoughts on the schedule, when will there be a correction?Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
A few thoughts for next week:
Selected the 8H chart for an overview of strong traded zones, the gray lines on the charts can be attributed to local resistance and local support in the $21,500 zone (local traded zone)
The $22,800 level is now under close observation, this zone may be the starting point of the $25,200 flight to the uppermost local high.
On the chart, we see a similar situation that there was a small trade in the range of $21,500-22,200 and a pump for $23,300 if next week we see a fixation above $22,800, then most likely we can expect a trip to the $25,200 zone if the buyer can hold strong zone.
Also, speaking globally, fixing $22,500-22,800 above the global trend line is a strong positive for the asset.
Bitcoin breaks downtrend, what's next?Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
A few thoughts on everything that happens on the chart.
On the daily chart of Bitcoin, the global countertrend was broken, at the moment the price reached $23.300 and I would like to notice that such a strong movement occurs on the weekend, one might say unexpectedly.
On the technical side: the structure that was formed for us in the range of $ 20,500-21,200 is definitely a bullish indicator, I spoke about this in a review on YouTube, and the breakdown of the global countertrend double indicates a change in trend, but the question is whether the buyer will be able to keep the price and gain a foothold above the global trendlines to push the price further, or is it just a manipulation to inflate even more fomo in people and make it clear that the BOTTOM was genuine?
Also, do not forget that next week will be strong on the fundamental, there will be many reports of large companies and I think that the giants' reports may not be entirely positive, this directly affects the stock market. So whoever catches FOMO now and thinks that the rocket flew away without him, I think it’s better to watch from the sidelines and wait for a correction from the data.
In the meantime, let's enjoy this crazy volatility in a place, we still have a hot week ahead of us, get ready!
Bitcoin will continue to grow or should we expect a correction?Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
A few thoughts on the Bitcoin chart.
After a strong run of bitcoin, we can see the absorption of the crash of FTX $21,480 which is positive for the market.
From the technical side:
Bitcoin is forming a structure in the range of $20,800-21,200, it is not difficult to guess that this is a bullish sign and the probability that we will go through $22,000-22,250 is quite real. Those who are gaining aggressive shorts from the current ones or higher, be as careful as possible, the rally may continue.
I still hold a position in short BTC and ETH, hedging both positions in parallel, because before the correction, we may still see a run above the local resistance of $21,500.
If we talk about this takeaway, I would call it the effect of surprise, the manipulator can be said to have disappointed many people, but once again made it clear that you should not overestimate your risk management. I think that for me and for you in the future it will serve as a lesson.
Bitcoin (BTC) • Wow here we go!Hi everyone. Thanks for your support and engagement in my last video (link below if you didn't check it).
I thank mods for the "Editors-Pick" selection.
So we break the 17.1 very fast toward the 20k target range. Next, up target site is between 23-25k. and possibly retrace here into that 19.4 region and another minor but more aggressive/less likely pullback target is also pointed out in the video.
Funding rates have risen very fast as bullish sentiment spreads across the board. that is why perhaps there is a good chance to see a small pullback to wash some overleveraged longs or get sideways to funding tax those positions every 8h.
Futures are all majority in contango (except Bitmex) and coinbase books show a wide range of liquidity available up to 40k (the roman pavement). In the video, I go through it near the end.
I also hypothesize about a possible macro bear scenario. Be aware that I have no clue what will happen. As discussed in the video I am not very convinced the bottom is in and we can indeed have a substantial rally here before more pain leads into next year.
As of now, my long-term opinion is irrelevant because technically speaking things are looking good for more upside.
BTCPERP| Beginning of correction to local support levelsHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Bitcoin, after a long upward movement, looks like it is going to correct.
Since yesterday's speech by the Head of the Fed, J. Powell, we have not seen strong volatility in the cryptocurrency market, but after the opening of the stock market, we could see a slight increase in assets.
So far, the chart looks so that it will not reach $17,500-17,600 and the price will again test local support levels of $17,000/16,800/16550
I leave the position unchanged for now, I continue to hold shorts, the hedge has not yet opened the entry point with all the limits of $16,900, I will wait for the correction to the local levels that I highlighted above.
Bitcoin - market volatility expected, be careful!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Important events for today at 17:00 Moscow time
Be careful, today there will most likely be volatility in the stock and cryptocurrency markets. Will be the head of the Fed J. Powell.
I think that in this speech, the Fed will explain further plans regarding the key rate for this year, and it’s not difficult to guess what Grandpa Powell will say... That a further increase in the rate would be appropriate because inflation is still progressing (Similar was said on the protocols)
Also, inflation data will be released on January 12 (I will post a post later) and there it will be possible to approximately understand how long the Fed will raise the key rate, depending on the results.
What will you do with the position if the market continues to pump?
While I wait for the results from the conference, I don’t expect strong volatility from the speech, most likely the market will go down from the hawkish policy of the Fed, as it happens lately...
But a little later, I plan to open a jedj position with a stop at $16,000 (jedj is when I open a long position parallel to my short position)
BTC 4H BUYBTC 4H support is now at ~$16700
Enter 50% at the current price
and try to set some BUY orders near the support zone
If BTC stays above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
Futures chart analysis, optimal entry point.Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
On the futures chart, everything is going according to plan.
Yesterday I published an analysis and said that for safety net it is better to place limit orders in cases of withdrawal, which we see today.
The price almost clearly bounced off the trend line and went up after testing the local resistance of $16,800
So far, I don’t see a further exit scenario above $17,000, perhaps we will see a hike to $16,900-17,000 from these FOMC protocols, but if you look at the history of the chart, the chart practically did not react to the previous indicators. There may be volatility from protocols this year...
the plans are still descending, I spoke about this earlier, the pressure has not disappeared yet.
