BTC - IMPORTANT UPDATE! BE CAREFUL!Hello everyone. I hope everyone is doing well. I'M SO GLAD to be able to share these ideas with you guys because I LOVE HELPING PEOPLE!
I HAVE SEEN THIS SITUATION numerous times and yes, I HAVE been a victim of it as well with leveraged positions BUT NOW it's time to turn the tables and be prepared instead.
Nobody knows what's going to happen exactly in the markets and the most we can to is analyze data from history and use it to get an edge and be prepared for future price action.
With that said, I'd like to tell you that I expect the volatility to pick up here a bit. Not just for BTC, most of the market will be following a similar pattern here!
This potential drop shown on the chart here has happened many times before. You can look back and see it happens a lot before bull runs or major upside movements. It's usually followed by either a strong bounce or accumulation at the bottom before pumping! Yo can see BTC is under the 20EMA (4hr) and also the MACD signal line has crossed below "0". There's also a potential H&S forming on the charts (although it is ugly) which is what I used to come up with the extreme low bounce area of 54k-55.5K however I PERSONALLY think there's only like a 20% chance it goes this low (DEPENDING ON WHAT EXCHANGE YOU'RE ON... BINANCE.US, KRAKEN, and a couple others BE EXTRA CAREFUL! JUST LOOK ON BINANCE.US EXCHANGE BTCUSD CHART AND YOU'LL UNDERSTAND WHAT I MEAN!!!) I THINK IT'S MORE PROBABLE THAT WE BOUNCE FROM THE 58K AREA but nobody knows for certain!
IF YOU'RE A TRADER WITH A LONG POSITION RIGHT NOW, I WOULD BE VERY VERY CAREFUL and make sure you have all appropriate stop-loss orders in place to avoid liquidation!
on the other hand, SHORTING THE MARKET HERE , although could be profitable, IS RISKY BECAUSE THIS COULD BE A VERY QUICK WICK type situation.
PERSONALLY, WHAT I WOULD CONSIDER DOING (this is just me) is possibly placing a couple LONG positions at or around the 55K area with kind of a tight stop loss. It may or may not fill but that's ok we just want as little RISK AS POSSIBLE HERE! It's also possible we don't go that low and instead bounce around the 58K area. HONESTLY the preferred way to enter a long position in this situation would be to watch the charts very closely and frequently so you can MINIMIZE YOUR RISK! THIS IS ALL ABOUT MINIMIZING RISK, HOWEVER this type of situation CAN BE very profitable BUT IT'S VERY HARD, EVEN FOR EXPERIENCED TRADERS LIKE MYSELF to catch the bottom of a wick like this (ALTHOUGH I IMAGINE WE ALL DREAM OF DOING IT!)
IF you're nor using leverage, you don't have to worry about liquidation but just be aware of what is likely coming IMO. THEY WANT YOU TO PANIC SELL YOUR BAGS TO THEM! They also want to trigger a "chain-reaction" of stop-loss orders which can create a VERY BIG WICK! ONCE AGAIN, BE CAREFUL!
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WITH ALL OF THAT SAID, ON A MACRO SCALE, I AM STILL VERY BULLISH ON BTC AND ALTCOINS. I DO BELIEVE THERE IS MUCH MORE UPSIDE TO COME SOON ENOUGH so if you're HODLING I wouldn't worry. The market sentiment is very bullish right now. ETHERIUM did a similar situation earlier this year where it broke its ATH before pulling back and then MASSIVE PUMP happened afterward. Just have patience and like I said If you're holding BTC or ALTS without leverage I DON'T THINK this is the time to sell and I THINK SELLING WOULD BE A MISTAKE MORE THAN LIKELY (although everyones situation is different depending on where they got in)
*** I AM NOT A FINANCIAL ADVISOR! THIS IS JUSAT AN IDEA BASED OFF OF MY EXPERIENCE ANALYZING CHARTS AND TRADING CRYPTOCURRENCIES! ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING IN, OR TRADING ANYTHING!***
Btcpriceprediction
BTC To $140K By Mid November!!!We closed the weekly candle above 54280 and that gave us the buy signal from weekly super trend indicator which has never been wrong historically!
Combining that with Bitcoin Log Growth Curve & Fundamentals such as Taproot update date makes hitting $140K in mid November as a very possible cycle peak with same parabolic move style back in 2013/2014 double cycle.
You know moonboys gonna shout for $500k by then, and whats gonna happen next! :)
Anyway, Check My Previous Idea (Bears Last Stand!), thats the very tini tiny chance that bears still have to flip this around and put the price towards $25k region:
OCT COULD START THE BEARS LEG TO 20K? BIG SHOCKING DUMP COMING!!Will Oct be the start of yet another leg down in the entire crypto market? Can BTC break below 20K
GET READY FOR A RETEST THAT WILL SHOCK THE CRYPTO COMMUNITY SAYS BITCOIN GORILLA🦍,
Today 6th oct BTC is encountering a big phase that could affect the upward move recovery/
My analysis has been pointing 20k since April 1st, and I am still 100% standing on that because my odds has not shown me any signs of change that BTC is not trapped and could potentially fall to retest the 20k to 16k support area.
Get ready so it won'y take you unaware. use stoploss to protect your current profit. this recovery phase is showing signs of ending and we can potentially start seeing another leg down rom here.
if BTC encounter 40k one more time, just know that it will most likely destroy that support this time.
This is just my opinion, patient is your biggest asset, the 20k we cry is here than you think!.
Thank you for supporting me with your likes.
BTC - SMALL PULLBACK BEFORE BULLISH BLAST TO 56KHey guys. I've spotted some nice indicators on the BTC charts and they do appear to be lined up well so I feel more confident in more upside continuation.
MACD suggests a small pullback , HOWEVER , RSI is showing some bullish divergence... THEY CAN BOTH HAPPEN and I think they will.
So as you can see on the chart, this has a good chance of creating a nice inverse head & shoulders pattern with 15%= gains if you go long from the neckline confirmation area. The SAFEST WAY to play this is to wait for the Inverse H&S pattern to complete and then see an upside breakout from the neckline!
A more aggressive entry would be to go long after the pullback and bounce from the 46k area.
This will definitely bring alt-coins up as well so it would be a good idea to see which ones are in the best position to pump when/if BTC is about to breakout!
The downside targets if 45K-46K support fails or we get rejected at the neckline while attempting to complete the right shoulder!
What do you guys think? I think this is a good opportunity!
If you like the idea PLEASE SHARE and follow me. I also provide other content on my Twitter although lately I've been a little busy at home.
I GREATLY APPRECIATE all shares and followers as well as comments. Thank you!
*** Disclaimer; This is an IDEA based off of my experience and is not to be considered professional advice as I am not a professional investment advisor. I ALWAYS recommend doing your own research before investing in anything ***
BTC - YOU HAVE TO BELIEVE IN BTCSo what are the bears holding in their hands ? The same recycled China FUD?
FUNDAMENTALLY SPEAKING HERE... I don't think the bears have enough and I think more upside IS INEVITABLE but could we take a little drop first? MAYBE! It could be a quick wick and be gone instantly. Or we could drag on a little longer BUT, UPSIDE is coming. This is a LONGER TERM TRADE IDEA .
This is just an IDEA and not professional advice. You should always do your own risk assessment before investing.
Analysis played well for Bitcoin! Check what's coming next!So, the decreasing volume in BTC Daily Chart, RSI having bearish divergence played REALLY FAST but we have the major support levels marked.
Here is the detailed analysis of BTC I did on August 21, 2021:
Also in this chart below:
We can see a broadening wedge type of pattern which is neutral pattern but we see where the wedge breaks out. In this case, wedge has broken down and has done a successful retest too. (Look at the main graph for this)
BTC Daily has closed below the 50 Exponential Moving Average in Daily which indicates that it can have some bearish movement or at least some sideways movement below this level.
Levels are marked, targets of the broadening wedge are marked too and I'm observing if BTC can hold the 200EMA level at around 40-41-42k$, if it breaks these levels, 35-38k$ is the next stop.
Muneeb
[Long-Term Hodlers Analysis] Waiting for a lower price entry.This is a follow-up from previous day BTC analysis.
From a daily timeframe view, we have seen solid red candle bodies with substantial trading volume backing it's movement.
From a 4-hourly timeframe view, we can observe short-term seller exhaustion.
As such, in the coming hours, we are likely to observe price retesting 48700 ~ 49300 levels.
Depending on the outcome, we can determine if the price has the momentum to retest 50000 level or drop towards 43200 level.
Based on my observation and opinion, a short-term downwards consolidation is likely going happen.
Even if it test 50000, the probability of a reversal still seems more likely.
My first buy order is set at 43200 to capture dropping price, if it happens.
You may check out my YouTube link below for video rundown of the above analysis.
[Detailed Analysis on BTC/USD]: Price Action & My OpinionWhat do you think? Is it the turning point for Bitcoin Price Action or Bitcoin's Flight to the Moon is halfway? Comment down.
Here is what my analysis says:
1. Rising Wedge Pattern on Daily:
Starting from the start July 21, 2021, Bitcoin started formation of rising wedge - First one smaller timeframe (4h):
and then on Daily Timeframe shown in the chart.
It broke down from the wedge and the bulls entered the market at $44000 that drove the BTC price from $44k to $49500! Yes, that's massive but if we look on the daily timeframe, it seems like a retest of upward sloping support of the rising wedge (which was broken on August 16, 2021) is being retested, hence making it now a resistance.
Looking at zoomed out view of BTC Daily Chart, we can point that there is a strong resistance zone for Bitcoin from $49500 to $51000 which BTC was trying to break but failed.
Some other technical, when drawn on Weekly timeframe, are predicting that Bitcoin can either take U-turn from $49k level or if this strong level gets broken, then the ONLY hurdle between Bitcoin's new All Time High is $58000 level. We can see a huge sell-off there as well.
2. Decreasing Volume:
Decreasing Volume is one of the factor that is showing that BTC's current trend is not very strong for Bitcoin to go straight to the moon. It needs a massive correction, accumulation and then the bull flight.
3. Indicators:
Renown Indicators like RSI and MACD are also pointing that bears have started stepping into the market.
RSI is showing Bearish Divergence on Daily Timeframe while MACD is doing bearish crossover.
4. My Opinion:
In my opinion, Bitcoin will not get volatile immediately but will range for a while. Bull will try to exhaust the resistance to move the price up while bears are waiting for the greed to make its ATH.
Currently, on hourly timeframe Bitcoin has just broken Head and Shoulders Pattern and technically, it should test $47800 level. Next strong support level is $42900 which is Weekly 21EMA + Global Support. Till then, we can scalp but I will not be in favor of any days longs trades.
After this week's close, we could see some volatility in the market. Get ready!
Stay safe and happy trading.
Comment down your thoughts.
Muneeb.
#SyedMuneebAli
Bitcoin $526,000 August/September 2022August Capitulation: Fractal taken from prior capitulation in March 2020, lines up with the Gann speed fan & prior all-time-high Capitulation > Cycle Top: The time between the two would be 12 months exactly which is necessary to qualify for long-term capital gains tax in the US Elliot Wave Theory: Remains validated Fibanocci Indicators: Circles, extensions & parallel channels all bring confluence to this exact date & price Cathy Woods: Her macro-scale price predictions on well-known assets tend to be correct, Tesla 2018 prediction for a $800 share price in 2021 was correct (factoring in the stock split)
BTC bottom is in? Time to long?Could 28k be the bottom?
I mean, china usually bans BTC and then it pumps after that
There is a lot of FUD and many people are expecting a 20k btc.
Is it possible that china and the whales have already started buying btc back up?
Now to TA:
A lot of short term bullish indicators
We broke out of a falling broadening wedge which was caused by an inverse head & shoulders
We haven't hit the target for the inverse H&S yet and it seems like we are creating two double nested bull flags
I do think there is a possibility where we drop from here a bit but, BTC looks like it wants to move up from here
Could be a good LONG trade to take
BTC/USDT - Trend analysisBTC/USDT remains bullish on the charts as it picked up support from the lower price range while holding above 29th April 2020 low. If the price moves between the congestion area before testing and making a support above 0.786 FIB, a continuation on the up-side could be anticipated if the Trend Analysis is respected.