Cautionary Note on Recent BTC Liquidation PumpIt has come to my attention that a massive short liquidation pump of 32 million BTC occurred, pushing the price above $28,000. While this may seem like a positive momentum, it is crucial to exercise prudence and wait for clarity before making any hasty trading decisions.
The sudden surge in BTC price may be enticing, but it is imperative to take a step back and evaluate the potential consequences of such a pump. We must remember that market manipulation is a real concern, and this recent event raises red flags that require careful analysis.
Therefore, I encourage all traders to pause their BTC activities momentarily until we can gain a clearer understanding of the situation. It is essential to assess the potential impact of this short liquidation pump on the overall market sentiment and trading volume. By exercising patience and restraint, we can avoid falling victim to any potential traps or false indicators.
To ensure the safety of your investments and maintain a cautious approach, I recommend the following actions:
1. Monitor the Market: Keep a close eye on BTC's price movement, trading volume, and any significant news or developments that may provide clarity on the recent pump. Stay informed and updated through reliable sources.
2. Analyze the Volume: Pay attention to the trading volume accompanying the recent pump. Positive momentum should ideally be supported by a corresponding increase in volume. Wait for confirmation and clarity on the volume patterns before making any trading decisions.
3. Consult Trusted Sources: Seek insights from reputable analysts, experts, and fellow traders to gain a broader perspective on the situation. Engage in discussions and share your thoughts with others to collectively navigate through this uncertain period.
Remember, in times of ambiguity, it is better to err on the side of caution. By pausing BTC trading momentarily, we can protect ourselves from potential risks and make more informed decisions when the market sentiment becomes clearer.
Your safety and success in the trading world are of utmost importance to us. Let us approach this situation with vigilance and patience, ensuring that we make well-informed choices based on accurate information and market indicators.
Should you have any questions or concerns, please do not hesitate to comment away. Together, we can navigate through these challenging times and emerge stronger.
coinpedia.org
Btctrade
BTC - 4HR - 02/10/23BTC broke up yesterday as I told my server members, so now the next area I think it can get interesting is the $28800 area if we break this BTC will turn bullish again!
Now I will be looking for a clean break as I closed my long to make sure I took profits and will watch this area closely on the NY market open.
If we reject from here $27000 is the first demand area to test, if we break above we will test the high at $29500
Hidden divergence in BItcoin looks a strong buy.My thoughts on BTC current price action with some education from my 30 years of trading experience.
If we get a fake break of what some traders might see as a head and shouders on the 4hr thats a great buy signal or we could begin to enter now at around 26500 if we see the bull flag.
Great divergences on the daily indicators- see video and rising 200 MA. All very strong bullish signals.
BTC Targets $30k as Long-Term Holders Hit Record!I've got some exhilarating news to share with you today that will surely get your adrenaline pumping. Brace yourselves, because Bitcoin (BTC) is on a rocket-fueled trajectory to hit an astounding target of $30,000!
But that's not all – what makes this milestone even more remarkable is the surge in long-term holders that have propelled BTC to new heights. These steadfast believers in the power of Bitcoin have shattered records, demonstrating unwavering confidence in its potential for massive gains.
Now, I know what you're thinking – "How can I get in on this action?" Well, my fellow traders, the time has come for us to seize this incredible opportunity and ride the Bitcoin wave to financial success!
So, let's take a moment to appreciate the significance of this milestone. The fact that long-term holders are hitting record numbers is a testament to Bitcoin's resilience and the growing recognition of its value. It's a clear indication that the cryptocurrency market is evolving, and BTC is leading the way.
Now, here's where the excitement truly kicks in – it's your chance to join the ranks of these visionary long-term holders and secure your spot in the Bitcoin revolution! By taking a long position on BTC, you position yourself to reap the rewards of its upward trajectory.
If you've been waiting for the perfect moment to dive into the world of Bitcoin, this is it! Don't let this opportunity slip through your fingers. Embrace the excitement, embrace the potential, and let's embark on this thrilling journey together.
Ready to take action? Here's what you need to do:
1. Conduct thorough research: Understand the fundamentals of Bitcoin and its potential for growth. Knowledge is power, and it will help you make informed decisions.
2. Choose a reliable trading platform: Find a trustworthy exchange that aligns with your trading style and offers the tools and security you need to execute your long positions.
3. Develop a strategic plan: Define your investment goals, set realistic targets, and establish a risk management strategy to protect your capital.
4. Execute your long positions: Once you've done your due diligence and are confident in your plan, take the plunge and enter the market. Remember, fortune favors the bold!
5. Stay informed and adapt: Keep a close eye on market trends, news, and any significant developments that may impact Bitcoin's trajectory. Be flexible and adjust your strategy accordingly.
Remember, my fellow traders, the road to success is paved with excitement, determination, and calculated risks. BTC's target of $30,000 is within reach, and it's time for us to ride the wave of opportunity.
Long idea on $BTC (expereminal)In my opinion, the picture looks controversial (the price could not break through 27400-27600 for a long time), but we did not reach the key marks at 28500-29100 (usually key marks are tested). If the price falls below 25500-25200 (then I will review the analysis)
PS. Experimintal!!!!
Celebrating BTC's Soaring Price Amidst Gold's Decline Bitcoin (BTC) has been soaring to new heights, while gold, traditionally seen as a safe haven, has experienced a recent decline. This presents an incredible opportunity for us to capitalize on the ever-growing potential of BTC.
BTC's meteoric rise has been nothing short of remarkable, with its value surpassing all expectations. As traders, we have witnessed its resilience and ability to adapt, making it a formidable asset in the global market. On the other hand, gold, which has long been regarded as a reliable store of value, has experienced a dip in recent times.
This divergence in performance between BTC and gold is a clear indication of the shifting tides in the financial landscape. It's a sign that the digital revolution is gaining momentum, and BTC is at the forefront. We have the chance to ride this wave and make the most of the opportunities it presents.
Now, you might be wondering how to seize this golden (or should I say Bitcoin?) opportunity. Well, it's simple – it's time to consider longing BTC! By taking a long position on BTC, we can potentially maximize our profits as the price continues to rise. This strategy allows us to benefit from BTC's upward trajectory, which has proven to be a rewarding path for many traders.
So, my fellow traders, let's embrace this moment with enthusiasm and confidence. By longing BTC, we can actively participate in the ongoing digital revolution and potentially secure substantial gains. Remember, the market rewards those who dare to take calculated risks and seize opportunities when they arise.
To get started, I encourage you to conduct thorough research, analyze market trends, and consult with fellow traders or financial advisors. By equipping ourselves with knowledge and insights, we can make informed trading decisions that align with our individual risk appetite and investment goals.
Let's embark on this exciting journey together and make the most of BTC's remarkable rise. The future of finance is evolving before our eyes, and we have the chance to be part of this historic transformation.
Where to from here on BTC part 3This is the third post in the series of posts where I am looking at possible direction of BTC and price targets.
Links to previous posts are in description.
In this post we will look at DXY and use its price action to guess where BTC is headed in future.
The chart you see in the post shows a wave count based on Elliott Wave analysis.
The most recent count that I am tracking and makes sense is a Zig Zag correction in DXY after it put in a massive rally to 114.
The Zig Zag is a 5-3-5 sequence, downwards the most difficult part of this sequence is to identify the 3 (ABC) sequence.
Right now, we have completed the first two parts of the zigzag. The first 5 waves down followed by 3 wave sequence as a Flat correction and about to begin the final 5 waves down to 94 region on Dxy as we have satisfied the minimum requirement for the 3-wave sequence completion, which the 0.5 retracement from top to bottom. We just tapped it and are rejecting from 0.5 retracement.
Why does it matter for BTC price?
It's because DXY is highly inversely correlated with BTC price, so if DXY is about to go down bitcoin is likely to go up.
Another thing I noticed is the divergence in DXY/BTC correlation. DXY has put in an enormous 8% rally, from 13th July when it bottomed out and btc topped on the same date. But after 17th of august dump there has been a divergence, Dxy Put in an almost 5% rally and during the same time BTC put in 15% rally after hitting 25K support. This shows the increasing strength of Bitcoin
overtime, possibly because of increasing adoption among institutions.
I will be tying it all together in this series, in a final post which is coming soon.
So please follow me for updated on this analysis and may others to come in future.
Where to from here on BTC part 2This is continuation of the Series of posts on Bitcoin, where I will look at where BTC price is headed in coming weeks and months.
Link to first part is in the description.
What you are looking in the is a Diamond, it's an extremely common pattern that appear repeatedly, at key inflection point, on all time frames, and this is by far the most accurate pattern that I have encountered in terms of measured move it produces on breakout.
I find the results to be most accurate when I follow the following two rules when looking at a breakout of price from the diamond.
A breakout is considered valid when at least one candle closes outside of the bounds of the diamond, with respect to the timeframe its drawn on.
A breakout is only valid if it happens from the 4th Quadrant of the diamond as highlighted in the chart.
The targets of this diamond are highlighted in the chart, to the upside it will hit close to 34K, to the downside around 20K. These targets are not the ultimate highs/lows, but usually this is where the next accumulation/distribution ranges are formed before making another move.
Now let's look at some other examples of the diamonds that appeared in the past and played out perfectly.
These are all on Daily time frame, if you know how to find them and draw them, they appear on all timeframes.
The only thing is that you need to know how to draw diamonds accurately and how to anticipate an incoming diamond formation before it even forms.
Please let me know in comments if that's something you want me to cover in another post, I will be happy to share.
BTC Implied Volatility Surpasses ETH, Urging Traders to ExerciseIntroduction:
In recent times, the cryptocurrency market has witnessed a significant surge in volatility, causing traders to reassess their strategies and approach. Notably, Bitcoin (BTC) has experienced an unprecedented level of implied volatility, surpassing that of Ethereum (ETH) over the last 10 days. As a trader, it is crucial to recognize this heightened uncertainty and take a conservative stance to protect your investments. This article aims to shed light on the current market conditions and provide a call-to-action for traders to exercise caution until a more predictable trend takes shape.
Understanding Implied Volatility:
Implied volatility refers to the market's expectations of future price fluctuations. It is an essential metric that traders utilize to assess the potential risks and rewards associated with a particular asset. When implied volatility is high, it indicates increased uncertainty and potential price swings, making trading decisions more challenging.
BTC Implied Volatility Surpasses ETH:
Over the past 10 days, Bitcoin has experienced a surge in implied volatility, surpassing that of Ethereum. This development suggests that the market perceives Bitcoin to be more unpredictable and prone to sudden price movements compared to its counterpart. While Bitcoin's volatility has always been a characteristic of the cryptocurrency, the current levels are noteworthy and demand careful consideration.
The Importance of a Predictable Trend:
In times of heightened volatility, it becomes increasingly difficult to make accurate predictions and execute profitable trades. As a conservative trader, it is crucial to prioritize risk management and protect your capital. By pausing BTC trading until a more predictable trend emerges, you can avoid unnecessary exposure to potential losses and navigate the market more effectively.
Call-to-Action: Exercise Caution and Wait for a Predictable Trend:
Considering the current market conditions, it is prudent for traders to exercise caution and refrain from trading Bitcoin until a more predictable trend takes shape. By adopting a conservative approach, you can minimize the risks associated with heightened volatility and protect your investments. Instead, focus on monitoring the market, analyzing price patterns, and identifying key indicators that may indicate a more stable trend.
In the meantime, consider diversifying your portfolio by exploring other cryptocurrencies or traditional assets that may offer more stability. This approach allows you to mitigate potential losses and maintain a balanced investment strategy.
Conclusion:
As BTC implied volatility tops ETH for a record over the last 10 days, it is essential for traders to acknowledge the increased uncertainty in the market. By adopting a conservative tone and urging caution, this article emphasizes the significance of waiting for a predictable trend before resuming BTC trading. Remember, protecting your capital and prioritizing risk management are key to long-term success in the ever-evolving cryptocurrency market.
BTC Bitcoin Technical Analysis and Trade IdeaIn this video, we observe that Bitcoin has exhibited a bearish sentiment in recent times, as evidenced by the formation of lower lows and lower highs on the 4-hour chart. Presently, BTC is undergoing a retracement, approaching levels of previous resistance. Within the video, we delve into a prospective trading opportunity, taking into account essential factors such as prevailing market trends, price action and market structure.
It's crucial to emphasize that the video provides an analysis of these elements. However, it is essential to note that the content should not be interpreted as financial advice. Trading inherently involves substantial risks, and it is imperative to exercise prudent risk management strategies
The Shanghai High Court recognizes Bitcoin.The Second People's Intermediate Court of Shanghai has officially recognized Bitcoin as a unique digital asset that cannot be replicated, characterized by its scarcity and intrinsic value.
On September 25th, the court issued a discussion report on the development of internet technology. The report highlights that, with the advancement of internet technology, digital assets like Bitcoin have become unique and non-replicable. It emphasizes that among a multitude of cryptocurrencies, Bitcoin stands out as distinctive and one-of-a-kind.
The document also outlines several distinctive features of Bitcoin, including its scarcity and property as an asset. Furthermore, the court asserts that Bitcoin exhibits characteristics of a currency, such as its ability to scale, ease of transfer, storage capabilities, and use as a means of payment. Bitcoin continues to be utilized globally without central oversight.
In 2021, Beijing imposed a comprehensive ban on cryptocurrencies, including mining activities. However, recent court rulings have recognized Bitcoin, along with numerous other digital assets, as legitimate assets protected by the law.
BTC Consolidation Continues at $26,000 - A Moment to PauseAs you may have noticed, BTC has been demonstrating a remarkable consolidation pattern, maintaining a steady value of around $26,000. This prolonged consolidation phase suggests a potential stabilization in the market, indicating a temporary equilibrium between buyers and sellers. Such periods can often serve as an opportune time for traders to reassess their strategies and make informed decisions.
Considering this situation, I would like to propose a momentary pause in active BTC trading. By stepping back and observing the market dynamics, you can gain valuable insights into the potential direction BTC may take in the near future. This pause will allow you to analyze the current market sentiment, evaluate any emerging trends, and make well-informed trading decisions based on a more comprehensive perspective.
While the decision to pause your trading activities ultimately rests with you, I believe it is crucial to consider the benefits of taking a momentary break during this consolidation phase. By doing so, you can minimize the potential risks associated with volatile market conditions and ensure you are well-prepared for any future opportunities that may arise.
I understand that trading is a dynamic and ever-evolving process, and it is essential to adapt to changing market conditions. Pausing your BTC trading now does not imply a long-term cessation but rather a strategic move to reevaluate your approach and align it with the evolving market landscape.
In conclusion, I invite you to take this opportunity to pause your BTC trading activities temporarily. By doing so, you can gain a clearer understanding of the current market dynamics and potentially position yourself for more favorable trading opportunities in the future.
Thank you for your attention, and please feel free to reach out if you have any questions or require further clarification. Wishing you successful trading endeavors.
BTCUSDTIn this part of the chart in the 4-hour time frame, we see one of the most powerful ICT concepts called PO3.
POWER OF THREE consists of three parts:
Consolidation
In this section, we see the price range, which causes the formation of liquidity at the top and bottom of this range
Manipulation
In this section, we see a fake but strong move out of the range section, which grab liquidity at the top or bottom of the range, and then returns to the range with the same strength.
Expansion
In this section, we will see the main movement of the market in the opposite direction of the previous fake movement. But before the start of the main movement, we will often see the price return to the broken line of the range and points that are of interest to market makers, such as FVG or order blocks.
In this section of BINANCE:BTCUSDT price action, we clearly see all these three upper sections.
First, Consolidation
Then Manipulation , which was accompanied by a news, and caused Sharpe move above the range line and immediately Sharpe move into the range.
And now we have to wait for the expansion movement. A pullback to the range line and probably to the FVG indicated in the chart and then the start of the main trend towards the targets indicated in the chart.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
Don't forget to like and comment
BTC SHORT, potential -5000 points, VWAP and MTF MACD
Hello Traders :)
BTC accepts the VWAP extension , closing below creating a Heikin Ashi signal starting potential shorts towards the upper VWAP band. Confirmation of decreases in the form of a multi time frame MACD indicator.
The negation of the scenario will be after the candles close above the band to which BTC showed a reaction a moment ago. After creating a LONG signal by Heikin Ashi above the VWAP line and by generating a LONG signal by the multi timeframe MACD indicator, I consider the scenario closed and SHORTS should be closed.
However, in the situation when the scenario will be implemented positively, you should observe the behavior of BTC at the key points marked on the chart. Value at high VWAP, point of control VWAP and Value at low, these are three points that are potential targets for BTC. After closing the candle below a given point and positively accepting a new point - you can continue short with an open plan for the next target. After the negation of a given point and information from the MACD indicator in the opposite direction, you can close the trade on a given target without expecting further targets.
If you want to learn more about VWAP, check out my guide available on my profile.
Happy trading :)