BTC SHOWING A FALL TREND BACK 26K (INDEXS can fall)Thank you for reading our update. Please remember that this is not advice for trading.
BTC showing a fall effect since the star effect.
Technical view shows that there is a high possibility BTC will have a fall-down trend since the star trend hit. The last volume was not a building volume.
Very important
When BTC is not able to confirm 30500 USD, there is 89% that it will fall.
we are also in different times with world trends. as SP can indexes that can fall.
Btcusdbuy
BTCUSD: Bitcoin stabilizes above $28,000 as US retail increasesBitcoin remained above $28,000 on Tuesday, hovering near a two-month high. The cryptocurrency's resilience is reflected in the fact that the cryptocurrency recovered yesterday from Monday's high of $30,000 to a low of $27,855.21 and is now above $28,600, while US retail sales increased 0.7% in September. This was due to surprising results. This is Bitcoin's highest interest rate increase since August 18.
In contrast, Ethereum briefly peaked at $1,628.16 before falling. The cryptocurrency's value fell to $1,570.89 today after Ethereum failed to improve its RSI due to misinformation surrounding the approval of BlackRock's (NYSE:{) Bitcoin spot ETF. 13078|BLK}). It broke through the 49.00 ceiling and now appears to be aiming even lower as it reaches $1,540, ending a four-day bullish streak.
Market Symmetry show BTC dipping before pumping to 34kNOTE: Following is interesting stuff but don't take this seriously as this is just for fun.
I love market symmetry and use it to make models that predict what certain assets may do next, it works as long as model and symmetry remains intact.
Chart is self-explanatory, but still there is a lot going on so let me break it down.
This story began on 12th September as you can see on the left most part of the chart. That is when the current uptrend began and BTC started moving symmetrically on several parameters which are described below.
1. Time spent at the lows before making move that breaks Market structure:
From 12th September lows to the present lows at 26500 the time BTC
consolidated at the lows kept on increasing but in a symmetrical fashion.
As you can see in the chart on the 12th September lows it spent 7 bars , on the
24th September lows it spent 16 bars and on the 11th October Lows it spent 23
bars. So, we can deduce a pattern here. 7, 16 , 23 , the next number in the
series should be 29. Each number in this series is derived by adding a number
from another series 9,7,5,3 ....
2. Time taken from the previous lows to the next highs is constant, that is approx.
30 bars.
3. Percentage move between each low and the next high is also increasing in
symmetrical fashion:
First move was 6% highlighted in yellow vertical bars, second move was 10%, 3rd
Move was 16% , so logically the next number in the series is 24. Each number in this
series is derived by adding a number from another series 4,6,8,10 ....
Notice the curve shown in cyan color which I have fitted as close as possible to the highs and the lows.
So based on this data, we should get out next low on or around 25th Oct and we should spend around 4days consolidating there, then btc should give us an explosive PUMP to 33500 area which is 24% from the anticipated low at 27K on 25th Oct.
We can also make following conclusion based on information presented by above parameters:
Volatility on BTC has been expanding gradually over time, which is giving us bigger pumps, but we also notice that the time between each high and low remains constant while time spent at the lows increases every time, this tells us that each time the time it will take to pump to new highs will reduce hence giving us increasingly explosive pumps.
The target 33500 is also in confluence with the Cyan Curve in the main chart. It is also the measured move of the following large Diamond BTC has been trading in for a long time.
₿itcoin will go | Trade Analysis BTCUSDHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity BTCUSD
I still did my best and this is the most likely count for me at the moment.
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BTC: Alessandro Ottaviani: Bitcoin is closer to $1 million than Bitcoin faces resistance at $2,000
Whether buyers will maintain the bullish momentum, pushing Bitcoin to key resistance levels at $30,000 and $32,000 in the near term remains to be seen. Looking at the candlestick arrangement in the daily chart, swing traders can consider a retest of the October 16 high as the first target. Further trend continuation could lift BTC to its July 2023 high at $32,000, potentially opening up more opportunities for gains above $35,000.
BTC Price Touches 200-Day Trendline - Perfect Entry for LongBrace yourself for this exciting update - the BTC price has just touched the 200-day negative trendline!
Now, I know what you're thinking - negative trendlines aren't usually cause for celebration. However, in this case, it presents a golden opportunity for potential entry into a long trade with BTC. Allow me to explain further.
The fact that the BTC price has touched the 200-day negative trendline indicates a significant shift in market sentiment. It suggests that the downward pressure on BTC is potentially losing steam, paving the way for a potential reversal. This is precisely the kind of situation that smart traders like us eagerly await!
Imagine being one of the early birds who seize this opportunity to enter a long trade with BTC. By doing so, you position yourself to benefit from a potential upward movement in the price. The possibilities are truly exciting!
So, my friend, I encourage you to seriously consider taking advantage of this situation. With BTC's price touching the 200-day negative trendline, it's an ideal time to evaluate your trading strategy and explore the potential for a profitable long trade. Don't let this opportunity slip away!
Remember, successful traders always stay ahead of the curve and are willing to take calculated risks. By entering a long trade now, you position yourself to potentially reap the rewards when BTC's price begins its upward journey.
BTCUSD (D) DAILY ANALYSISThe recent bullish movement in the BTCUSD market can be attributed to a combination of favorable regulatory decisions and robust community engagement, as highlighted in my previous analysis. The announcement by the SEC to not contest the court ruling favoring Grayscale Investments and their Bitcoin ETF plans has significantly bolstered investor confidence. This decision is perceived as a positive step toward creating a more conducive regulatory environment for Bitcoin ETFs, effectively alleviating concerns surrounding regulatory uncertainty and fostering a more optimistic outlook among market participants.
Moreover, the successful conclusion of the Bitcoin Amsterdam event has played a pivotal role in sustaining the upward momentum. The event's emphasis on the expansion and active participation within the Bitcoin community has reinforced the narrative of growing interest and involvement from diverse stakeholders in the cryptocurrency sphere. This heightened engagement has further bolstered market sentiment, as it signifies a strong foundation of support and interest in the long-term potential of Bitcoin.
While acknowledging the mixed outlook presented by certain technical indicators, the overall market sentiment remains cautiously optimistic, leaning towards a slightly bullish trajectory. This sentiment is underpinned by the synergistic impact of both positive regulatory developments and active community participation, suggesting a strengthening investor confidence and a growing belief in the resilience and potential of Bitcoin in the short to medium term.
The convergence of these factors, namely the regulatory reassurance and the vibrant community engagement, has contributed to a more positive market sentiment, fostering a gradual upward trajectory for BTCUSD. These developments underscore the significance of regulatory decisions and community-driven initiatives as pivotal catalysts in shaping the overall market dynamics and investor sentiment within the cryptocurrency landscape.
BTC has positive signs- The BTC price increase scenario I presented yesterday was completely correct. However, due to the news, BTC price rose faster and stronger than I expected. Stay tuned for today's BTC commentary!
* Image D1 above: Yesterday's candlestick D1 was a strong bullish candlestick with a long top shadow, which suddenly increased in volume and closed half of its amplitude. From a technical point of view, this candle shows strong selling forces on the upside, which have succeeded in pushing the price lower and closing half of the range. However, due to the influence of fake news related to the BlackRock Bitcoin Spot ETF, yesterday's D1 candlestick did not have much meaning in terms of technical analysis. - Overall, BTC's short-term uptrend is likely to continue as it is trading in a new price appreciation channel. * Total3 comments (total market capitalization of virtual currencies excluding BTC and ETH)
- Total3 is accumulated in the last part of the symmetric triangular model, which is a bipolar model. However, this model was formed during a very long sideways phase, and the BTC trend is currently very positive. From a personal perspective, I'm leaning towards the scenario where his Total3 breaks the ascending triangle pattern. Therefore, I still believe that there will be a wave of altcoin recovery in the near future.
BTC H4 LONG SIGNALHello dear friends
Bitcoin in the H4 time frame can touch the level of $26,400 to $26,000. It can be suitable for a long position if there is a buying trigger.
It should be noted that the existing low base can also have a suitable position if the losses are accumulated behind the surface
Thanks for following me
The Wave 4 Correction is over...No need to sweat, the bears have ran out of steam, the correction is over.
If you followed my count of the Wave 4 correction, you would have known I have called the bottom.
Here is a quick rundown of how I see the next two weeks playing out.
Let me know what you think...
Bitcoin -> Watch The BreakoutMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structur e🖥️
I am trading the higher timeframe s because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Bitcoin.
After Bitcoin perfectly created the double top formation during 2021 and 2022 the bear market was quite expected. However it seems like Bitcoin is once again rejecting the bullish trendline and after a break above the neckline of the previous double top, I do expect a juicy rally.
- - - - - - - - - - - - - - - - - - - -
When the market moves where, and how, and if - these are all unknown.
The only thing which you can control is your risk. Focus on risk management!
Keep the long term vision🫡
$OOKI Performing classic bullish divergence$OOKI Performing classic bullish divergence in 1Week
Trading Classic Bullish Divergence involves a systematic approach to identifying and executing trades based on this technical pattern. Here's a step-by-step guide on how to trade it:
1. **Identify the Downtrend:** First, you need to confirm that there is a clear downtrend in the asset's price. This means the asset's price should be making a series of lower highs and lower lows. The downtrend is a prerequisite for Classic Bullish Divergence.
2. **Select an Oscillator Indicator:** Choose an oscillator indicator to use in your analysis. Common choices include the Relative Strength Index (RSI), Stochastic Oscillator, and Moving Average Convergence Divergence (MACD). It's recommended to use more than one indicator for confirmation.
3. **Spot the Divergence:** Look for the divergence between the price and the selected oscillator indicator. Classic Bullish Divergence occurs when the price makes lower lows, but the oscillator indicator makes higher lows. This discrepancy signals a potential trend reversal.
4. **Confirm with Other Indicators:** To reduce the risk of false signals, consider using other technical indicators or tools to confirm the divergence. For instance, you might look at trendlines, support levels, or other indicators that suggest a possible reversal.
5. **Plan Your Entry:** Once you've identified a Classic Bullish Divergence and confirmed it with other indicators, plan your entry point. Decide at what price level or under what conditions you will enter a long (buy) trade. Some traders wait for the price to break above a certain level or confirm the divergence with a candlestick pattern.
6. **Set Stop Loss and Take Profit Levels:** Determine your stop-loss order to limit potential losses if the trade goes against you. Likewise, set a take-profit order to lock in profits when the asset's price moves in your favor. These levels should be based on your risk tolerance and the asset's volatility.
7. **Manage Risk:** It's essential to manage your risk when trading. Only risk a small percentage of your trading capital on each trade, typically no more than 1-2% of your total capital. This helps protect your account from significant losses.
8. **Monitor the Trade:** Once you enter the trade, monitor it closely. Pay attention to price movements and the oscillator indicator to gauge the trade's progress. Be ready to adjust your stop loss or take profit levels if necessary.
9. **Exit the Trade:** When the asset's price starts to move in the direction you anticipated, consider taking profits or trailing your stop loss to lock in gains. Alternatively, if the trade is not going as expected, exit with a limited loss based on your predetermined stop loss.
10. **Learn and Improve:** Keep a trading journal to record your trades, including your rationale for entering and exiting. Over time, use this information to refine your trading strategy and improve your decision-making.
Remember that trading Classic Bullish Divergence is not a guaranteed success, and it's just one tool in a trader's toolbox. It's important to combine this pattern with other technical and fundamental analysis to make informed trading decisions. Additionally, practice and experience are essential for becoming a successful trader.
Classic Bullish Divergence is a technical analysis concept used in the world of financial markets, particularly in trading stocks, forex, and other assets. It refers to a specific pattern observed in price charts that suggests a potential upward reversal in the price of an asset. This pattern is considered bullish because it indicates that the current downtrend may be coming to an end and that a bullish (upward) move could follow.
Classic Bullish Divergence typically involves two main components:
Price Trend: A downtrend in the price of the asset. This is when the asset's price has been falling over a period of time, creating a series of lower highs and lower lows on the price chart.
Oscillator Indicator: An oscillator is a technical indicator used to identify the momentum or strength of a price trend. Common oscillators include the Relative Strength Index (RSI), the Stochastic Oscillator, and the Moving Average Convergence Divergence (MACD). In the case of Bullish Divergence, traders pay close attention to the oscillator indicator.
The divergence occurs when the price trend (lower lows) and the oscillator indicator (higher lows) move in opposite directions. In a Classic Bullish Divergence, it means that even though the price continues to make lower lows, the oscillator indicator is making higher lows. This discrepancy between the price action and the indicator suggests that the selling pressure is weakening, and the potential for a trend reversal is increasing.
Traders who spot Classic Bullish Divergence may interpret it as a signal to consider buying the asset, expecting a possible upward price reversal. However, it's essential to keep in mind that no trading strategy or pattern is foolproof, and traders often use other indicators and risk management techniques to confirm their decisions.
It's also important to note that there are variations of bullish divergence patterns, including Hidden Bullish Divergence, which can occur during an uptrend and may signal a continuation of the bullish trend.
Bitcoin is trying to climb⚫️ We should always look for reversal patterns at the bottom and ceiling of ascending or descending trends.
Here, Bitcoin failed to form a lower bottom, on the other hand, there is a possibility of forming a twin bottom pattern.
🔴 It is too early to comment on this pattern, but the possibility of a one percent growth for Bitcoin is not far from expected, and after that we have to wait for the stabilization of the failure at the price of 27,000. has it .
BTC - 12/10/23Bitcoin looks lost in this area with nothing much other than a tap of the $25600 FVG looks likely, we might push up to the $26930 area first to tap into that FVG left from the fall yesterday but other than some good news the CPI and FED announcement could send this down fast if bad news is posted!
BTC long3 day order block in this area and seems to be the last line of defence for bulls. 26705 is a demand zone and with a lot of volume traded in the area. Would like to see a strong reaction at this level otherwise I will probably cut my trade short. Evidence of buyers stepping in is what I would like to see but bears have been strong. Lets see how this plays out!
BTC Bitcoin Technical Analysis and Trade IdeaObserving the current dynamics of Bitcoin's price movement, we can see a clear uptrend on the 1D time frame. This trend becomes even more evident when we shift our focus to a 4H chart, revealing a compelling bullish trajectory characterized by successive higher highs and higher lows.
Presently, Bitcoin has retraced to a strategically significant support level. In our video discussion, we thoroughly examined the prospect of a potential trade opportunity, conducting a comprehensive analysis of various elements including the prevailing trend, price action patterns, and the underlying market structure.
It is imperative to emphasize that the content presented in the video is intended solely for educational purposes and should not be construed as financial advice. Our goal is to provide a detailed understanding of market dynamics, enabling viewers to make informed decisions within the realm of cryptocurrency trading.
btc midterm analysis Comrades, in the 4-hour time frame, Bitcoin is moving towards the supply area in the form of cp. I think it will reach the area in 1-3 weeks and dump from there.
The maximum target is $29,700 and they will probably move from there to the following targets
$28,588
$27715
$26,850
$25,250
BTC 1H Comrades, Bitcoin is suffering between $28,500 and $27,150. This analysis is in a one-hour time frame and only gives you a view of a maximum of two days.
Well, in this area, you can short in the upper areas and long in the lower areas with specific stops and targets
Now, if one of the areas is broken, it can move in that direction. I think it will probably break above 60-70% and fall one time frame above the supply area.
If you want not to trade in the opposite direction, be careful in taking short positions