BTC could show upside legAs market shows no response to important intraday targets and we still have uncompleted major 1.618 AB=CD extension (aka XOP by DiNapoli terms)
with creates an Agreement with major 5/8 Fib resistance - BTC has good chances to show another leg up to hit them.
Besides, we see signs of bullish dynamic pressure here, as MACD goes down, while BTC is forming higher lows.
Btcsignal
BTC Bulls last chance put those bear caps onits a mess but its been a long time tracking everything, coming to the end of the bear pennat forming flattops and bottoms shs , meaning there is no more room to make a dollar just swing trade the patterns, bounce neckline retest at 5100 after we try smashing thru old support res and bull trapped at 6800 (very crucial area its the avge MEAN point of the entire bubble speculation) i dont see anymore speculation bubbles at all we should start seeing broken legs and cups showing up on the daily instead of these engulfing bears and bulls, 2022 has 90k+ set to speculate and push tech 30 years forward with 3d cpu from MIT hitting 100 terahertz at consumer levels, in the mean time people in the crypto need to shift over to IBM NVDA AMD, you guys have missed a great play to make money during the last 5 years, as when i hodl from 2012 i bought NVDA(20$) 250 now AMD(2$) 20ish, why wouldn't you buy the material to use the networks :D, so follow moores law and youll see the pattern is printed and forecasted due to the FINITE system and no governs, unlike the fiat wild system, finite systems grow expotiential and becomewhat they are.... econ 101 talks about the LIVEdevelopment all livers grow past their potential expotientially into college drunk superlivers and fall into the free radicals and just becomes a flatline liver....Mooning is a crap term, anytime you see that you short sell the top gap and behappy you dont hodl sunken bags , allthat does isensure my rent next month, thanks XVG TRX LTC ADA XRP for your social cults of sheep.
BTC Automated Strategy w/ Spectro™ +63% Profit 160 Days LOW RISKHey guys, I guess I got lazy since I automated my strategy and transformed it into Spectro™ M but I just closed a position manually to secure profits & I'd like to share the discoveries and the strategy with you.
I only used my Spectro™ M and it's tools: hypester.org
So here's the result after 160 days.
4 Wins: +71.42%
4 Losses: -4.37%
Comissions(Considering highest 0.25%) = 8 trades, 16 orders, therefore 16*0.25% = -4%
Total Profit: 63%
I know some people think that's not a lot especially beginner day traders that get hypnotized by the "potential" gains of catching tops & bottoms day trading.
After many years, I like to have my overall portfolio green consistently, therefore I like to hedge with all kinds of positions.
This type of trade was using rather conservative rules, therefore my risk was minimal.
Considering that the risk was minimal AND we're trading on a daily chart that allowed me to position myself with time and allowed me to get in with more capital.
Since it was a rather large position, I decided to start unloading it before the next sell appears, I've been only using the X Confirmation (the big red scary triangles)
Consider that I never go in with more than 25% of my account on one position - that was not the case considering the low risk of the strategy, volume, and timeframe.
Yes, some people say it will remain bullish until the SEC ruling on BTC -1.41% ETF's but...well like I said it was an unusual position, and I rather 60% in my pocket than 70% made of hopes.
Now, to the forecast, basically, you can see the big bad arrows never appeared before so that's a big warning side, plus we have the Specter Clouds appearing under the price not only pointing bearish pressure but corrections that might go all the way to 6900, and another strong support at 7570.
Plus Spectro Indicator Line is very far above the price action and that usually means a correction should come soon or at least a consolidation.
BTC -1.41% never seizes to amaze me and there's no SELL alert, therefore there's not yet a down movement confirmation, but like I said my conditions are a little special. That's why I'm classifying this as a NEUTRAL, not a short,
Just wanted to share how simple this trading system is.
If you want to learn more about it: hypester.org
BTCUSD SHORTHI, GUYS, HAPPY SUNDAY BTCUSD POSSIBLE TO CHANGE THE TREND PLEASE WATCH AND GET CONFIRMATION THEN BUY. OUR TARGETS ARE MENTIONED, IN THE CHART.
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
Are we Heading or LoosingTrend Reversal on 6th day of month...seeming interesting if it is just coincidence
Different people have different thinking and they totally rely upon TA, but we have to look other parameters also,
People who are saying BTC might touch $3.5 k or something near to it, this cant be possible even in dreams, if this gonna happen then btc gonna loose his hodlers and remain bearish for years and one more thing, due to increase in hash rates in Btc mining , it taking over $6k to mine 1 btc. So we can conclude that crossing below $6k is very hard
But we have so much positive upcoming good news like Goldman Sachs, Nasdaq entering in the market, so it brings also the unaware people about the crypto ,
For more join Telegram @cresource
Bitcoin "The Big Short"Have you watched the movie "The Big Short" with Christian Bale? You can watch it now live on Bitcoin chart :) It is difficult to say, but I would expect Bitcoin to finally find some support at 7500 and to retrace some losses. Most probably, after a small pullback the big short continues to its next target 7000.
BTC USD - EMAs in daily TFMorning traders! Here we are with the bitcoin! The last obstacle for the beginning of a strong upside movement are the EMAs , EMA 200 has been broken with a strong candle but now EMA 100 acting as resistance , already 1 month ago EMA 200 acted as resistance and the BTC collapsed but now looks stronger and found an important bottom at 6.5k zone. Maybe and know for sure , might start a sideways movement of the BTC , in this case the altcoins might EXPLODE . Let's see what will happen and have a nice day tradersss!
Taking a Step Back - BTC 1d!Hello all! Back today looking at the big picture of COINBASE:BTCUSD because the small picture is very deceiving right now.
Zooming out to the one day view, a clearer picture of what is going on, and some plausible trends emerge. I have highlighted the scenario I think is most likely.
I find Stoch RSI to be a great tool lately, and right now it is without a doubt overbought. I see it following the pattern I outlined.
This pattern can then be reflected in the normal RSI, where it can be observed that according to this Stoch plausible movement, it looks to stay within the current channel. The resistance at 60 is very strong and I don't see it crossing that. It seems only logical that it will break down at the end of the channel.
This can all be reflected in price scenarios. I see the current price gaining support at 7,4XX, and then going up to the downtrend line, going back down, then breaking out of the large patterns. I have put lines with less weight in scenarios that I see but I think are less likely.
Overall, I think we are going to be moving relatively sideways for a while, until a likely break down occurs.
Let me know what you think!
Best review on Bitcoin!Good day to all! It looks like bulls are exhausted and we are waiting for a correction at least to the zone of imbalance, as a maximum continuation of the downward movement!
Against the backdrop of a sharp increase in hamsters, the hope for rapid growth has mounted, but smarties use this and we are waiting for the landing of all weak players.
The price came to a logical resistance on the VOLUME PROFILE, which coincided with the Fibonacci correction level on the 1d timeframe
So maybe this whole movement was a big fraud, and the breakdown of the bearish line, too? This is not ruled out, as teak volumes fall, there are no bulls, and there were no large volumes for the breakdown of the trend line.
On the four hour chart, we immediately see 2 hidden divergences on OPEN INTEREST INDICATOR, on a larger and smaller timeframe, which gives an early warning of the impending movement.
CMO is in the overbought zone, showing a bearish divergence, which also speaks of the depletion of bulls
EMA 5 sharply began to move downward, which in conjunction with the remaining signals makes you hold your finger near the SELL button, EMA 12 is pierced, another confirmation
Is everything so bad? Not really. Definitely now it is worth closing a long position and waiting for a new opportunity to enter the market, but there is a good chance to see a rebound and growth in the near future. We have not punched the EMA 50, the nearest resistance is not so far, including the imbalance zone, and the closing of short positions on the open interest indicator in the past indicates the end of the set of smart positions.
The business of professionals to observe and draw conclusions, not to be prophets, safely close positions, wait for a buy signal and pay attention to interesting violas, some ahead give signals on the market, and some are violating all the laws of the market, and promising big profits
All Profits of FVB TEAM
References to examples of the work of open interest indicators are attached. OPEN INTEREST v2 is already available
LAST CHANCE TO BUY BITCOIN OR LAST CHANCE TO SELL BITCOIN??The cryptocurrency market capitalisation has lost over $100 billion over the past week, with leading cryptocurrencies falling over 13% in the last 24 hours alone. What has played a major part in this decline is regulator pressure, as well as the high sell volumes on the CBOE 0.38% and CME futures markets.
Bitcoin’s bulls support that investors should remain calm and hold on to Bitcoin -7.70% , yet it is worth remembering that there are ordinary investors that bought the currency when its price was twice as high and the difficulty in mining only half of what it is now. It is likely that some Bitcoin -7.70% supporters may lose their faith in the cryptocurrency in case it falls from its current $7,000 levels to $6,000.
What’s also worth noting is that Bitcoin’s improving transaction speed has harmed Bitcoin Cash -9.58% , created to solve Bitcoin’s scaling problems. BTH has experienced a 5,5% decline in the last 24 hours, now trading around $730.
Pavel Durov’s Telegram has also encountered scaling problems. The impressive promotion of his ICO -12.50% project, TON, has led to a significant growth in the number of Telegram users, with the messenger attracting over 700,000 new users daily. Issues faced by it have seen service failures in the last couple of weeks.
In all, the crypto market trading volume has plunged, and a rise may perhaps only be provoked by sellers. What’s on everyone’s mind is whether this is a good opportunity to buy or the last chance to sell.
TECHNICALS OBSERVATIONS
1. RSI in oversold area.We can see also a bullish divergence as price had reached those levels again on 5th of February.
2.We can see the 2 descending channels,the wider blue channel and the shallow red channel which price respects both of them.
3.We can also notice the Ichimoku clouds that created a resistance zone which the decreasing demand for Bitcoin -7.70% as mentioned brought the price to rejection and previous lows.
4.We can see also all the important zones with the dotted black lines based on previous price action.
5. Volume indicator shows us that after a great sell of we had the buying volume the next day or two was way above the MA of the Volume indicator(Watch red arrows),this time we have something different as this buying volume isn' t there,at least not yet.
POSSIBLE TRADES
LONG POSSIBLE TRADE
ENTRY AT 6.900
STOP LOSS AT 6.200$
TARGET 1 AT 10.000$
TARGET 2 AT 12.500$
POSSIBLE SHORT TRADE
ENTRY AT 6.250$
BUY STOP AT 7.200$
TARGET 1 AT 5.200$
TARGET 2 AT 3.000$
THANK YOU FOR SUPPORT!LEAVE A COMMENT OR YOUR OPINION OR A QUESTION YOU HAVE!
HAPPY TRADING!
BTCUSD is consolidation over?From our previous analysis and its updates it was clearly seen that BTC went out of the triangle and now is preparing for the next wave of growth. After it was pumped above Fib 0.786 level the price started to consolidate and now it has bounced back from the mentioned Fibonacci level which is now strong support. Nevertheless, uncertainty about BTC price movement is going to end only in the beginning of April. Till this moment there are still 2 scenarios:
1. Price continues its bounce and moves higher to the next level around $10 800
2. Volume goes down and bounce stops, the price follows Stoch RSI forecast and moves back to the triangle and decreases till its lower edge around $6 400
Conclusion: BTC will obviously grow up and reach new ATH in the long term, however in the short term the price may retest 6k level before it starts a new wave of growth
Sell BITCOIN (BTC/USD) Based on Multiple TF ConfluenceThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.