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Bitcoin | CVD Divergence at 15M ChartCumulative Volume Delta (CVD) is a technical analysis tool that measures the relationship between volume and price movements in the market. Divergence in CVD refers to a situation where there is a disagreement or a discrepancy between the CVD indicator and the price movement on the chart. I am pointing a divergence that gives a bullish signal here, but it is possible to see bearish divergences when we go to high time intervals. Considering that the market is stuck and the direction of the general trend may change again, I foresee a decrease after a liquidity clean from 29.600 levels.
Long
by xuk1
Banking Crisis Pushes UpBitcoin Prices!Bitcoin's latest rally was fueled by First Republic Bank (NYSE:FRC) earnings report and federal seizure rumors! In addition, for a long time after the advent of Bitcoin, it is generally believed that it is actually an important tool to hedge against inflation. After many back and forth, this view was tested in 2022. At that time, in order to deal with inflation, the Federal Reserve began the fastest and largest interest rate hike cycle in 40 years, which also helped the price of Bitcoin to rise all the way, all the way up To the current price of around 30,000. Bitcoin Gains From U.S. Banking Crisis From 2020 to 2022, the Federal Reserve's M2 money supply increased by 39%, and all crypto assets are beneficiaries - a historic surge in liquidity has inflated both stocks and cryptocurrency market capitalization, the latter in November 2021 Approaching the 3trillion market capitalization milestone. At that time, the price of Bitcoin reached an all-time high of $67,500. However, Bitcoin has since gone downhill as the Federal Reserve began cutting money to fight inflation. During the transition from QE to QT, the dollar strengthened, and Bitcoin prices weakened with it. And when the Federal Reserve further punctured the cryptocurrency bubble, the situation continued to deteriorate, including Terra and Celsius, to 3AC and FTX. Now, as the holiday cycle draws to a close and the Federal Reserve begins to shake up more vulnerable commercial banks, Bitcoin is picking up steam again. It’s important to note that of the three banks, the collapse of Silvergate was the only one that put negative pressure on the price of Bitcoin. Judging from this incident, Bitcoin is not as a hedge against inflation as initially speculated. More precisely, and now more clearly, Bitcoin is primarily a hedge against currency debasement. More broadly, it is a hedge against the greater instability central banks create through fractional reserve requirements. Under a fractional reserve system, banks hold only a fraction of customer deposits—a stark contrast to the whole concept of Bitcoin, which provides a finite supply of money with a decentralized self-stock that cannot be increased at will. On the bright side, recession is the nemesis of inflation, and the Federal Reserve will enter a cycle of interest rate cuts at this time to stimulate the economy. And in this case, Bitcoin can only benefit. It is bullish on this possibility that Geoff Kendrick, head of digital at Standard Chartered Bank, said on Monday that by the end of 2024, the price of Bitcoin may reach an all-time high of $100,000.
CRYPTO:BTCUSDLong
by Orca_Jimme
Bitcoin | Head and Shoulders Well, well, well, look who's got their head in the game and their shoulders above the rest! You've spotted the head and shoulders pattern on the chart, and now you're ready to shoulder your way to success! After closely analyzing a chart, you noticed a distinct pattern that caught your attention: the head and shoulders pattern. This technical analysis pattern is characterized by a peak (the "head") that is flanked by two smaller peaks on either side (the "shoulders"), creating a visual shape that resembles a human head and shoulders. The pattern is often seen as a sign of a trend reversal, and can be used by traders to make informed decisions about buying and selling. By identifying this pattern on the chart, you have gained valuable insight into the market and can use it to inform your investment strategy. While technical analysis patterns can be a useful tool for traders, there are also risks involved. Here are some potential risks of trading patterns: False signals: Technical patterns can sometimes generate false signals, which can lead to incorrect trading decisions. For example, a pattern may appear to be forming but then fails to materialize, or a pattern may appear to indicate a certain trend but then reverses unexpectedly. Over-reliance on patterns: Relying too heavily on technical patterns can lead traders to overlook other important market factors, such as economic indicators, company news, and geopolitical events. It's important to consider a variety of factors when making trading decisions. Limited information: Patterns are based solely on historical price and volume data, which may not provide a complete picture of the market. Traders may miss out on important contextual information that could impact their trades. Market volatility: Markets can be volatile, and patterns may not always hold up in such conditions. Traders need to be prepared for sudden shifts in the market that could disrupt their trades. Emotional biases: Trading patterns can sometimes trigger emotional responses in traders, such as greed or fear, which can lead to poor decision-making. It's important to stay objective and rational when analyzing patterns and making trades. Overall, while trading patterns can be a useful tool for traders, it's important to approach them with a critical eye and to consider a variety of factors when making trading decisions.
Short
by xuk1
BTC | AIM 32K! So, imagine you're a sniper, carefully eyeing your target through your scope. Suddenly, you notice something strange - the movements of your target seem to be following a pattern! You take a closer look and realize it's the Fibonacci sequence! As any savvy sniper knows, Fibonacci retracements can be a handy tool in trading. So you whip out your Fibonacci tool (which, for the record, looks a lot like a ruler with some fancy numbers on it), and start drawing your lines. You carefully calculate your entry and exit points, making sure to account for all the Fibonacci levels. And then, just as you're about to pull the trigger (on your trade, of course), your target moves - just like the sequence predicted! You adjust your aim slightly, recalculating your Fibonacci levels on the fly. And then, with a steady hand and a calm mind, you take the shot. The market reacts with a satisfying ka-ching, and you walk away with a tidy profit. As you pack up your gear and head off into the sunset, you can't help but think: "Sniping is all about precision and timing - just like trading with Fibonacci retracements!
Long
by xuk1
5
Bitcoin | Next 24-48 hours will be wild Volume dropped a lot. This gave me a signal of sudden movement. The higher low set up we created seemed strong to me. I believe we can push 32k before we going back to the 29k range. I think this set-up will happen in the next 24 hours. The earlier breakout took place around this time on Sunday. You can see the same setup on the volume side. In addition, while the cumulative volume appears consistent at 4 hours, it gives bearish signals at 1 day. This tells me that we can move up and then down within 1-2 days.
Long
by xuk1