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Bitcoin Panic is in the Air...The Mayer Multiple has helped to mark points of extreme panic in the Bitcoin market for quite sometime now. Whenever it has gotten into a range of 0.50 to 0.60, it has proven to be a good time to establish long term positions. If someone has been waiting patiently to enter or add to their Bitcoin position, right around this zone could be a good entry level. Now, one thing to point out is that Bitcoin has never seen a major dislocating event in the markets vis a' vis a 2008 style collapse in asset values. So it is conceivable that prices could certainly go much lower then anyone has ever dreamed. With that being said, again sitting in cash long term may prove to be folly so if even a small portion is deployed into Bitcoin during periods of extreme panic and bearish despair as we are see today, it could prove to be a worthwhile investment longer term.
BITSTAMP:BTCUSDLong
by kaotic363
1
BITCOIN WEEKLY UPDATE: IS THIS THE BOTTOM??Hello traders, I hope you all are doing good. Here's a quick update on BTC in the weekly timeframe. This is it, BTC is close to the support level of $19.5k from where many of us are expecting a rebound. Both the horizontal and lower trendline indicates $19.5k to $20k to be a strong support range for BTC. If BTC manages to hold this level and bounces back then we can expect a higher rally. But if it fails and breaks down below the support level then the only support level I can see is $11.5k to $12k. The upcoming weekly close is going to be an important one for the market. We are at the end of the 2nd quarter and already we have seen a lot happening in the market. Hopefully, the 3rd quarter will be positive for us all. I am in the ‘No Trade Zone’ right now. If there are any opportunities then I will share my updates. Until then, trade safely.
COINBASE:BTCUSD
by Dexter_The_Trader
4
#BTC Current Update! Must Read if you are in LOSS!!BTC DAILY:- Still holding the necessary $28k support, the last hope for the bulls. Break below that level and BTC could reach as low as $19.4k considering the current pattern as a Big bear Flag. However, if BTC manages to break and close above the $28.8 k to $29.3k by the weekly closes we can expect some green weeks ahead. Firstly the $32k level needs to be taken by the bulls. So is it bearish now? Of course, if you see the ltf charts, it's damn bearish. If you think with the logic here, this might be the last sweep before the last rally? Well, honestly IDK. Time will tell. BTC is long long overdue for a green weekly candle. Our job is to wait for the confirmation and take trade decisions accordingly. MY PLAN:- Wait for the weekly close to take any trade decisions. I am not taking any trades in the last 3 months—a few scalps when I see the opportunity. Mostly hit SL. Sign of a bad market! Unless BTC makes a move, it's a wait-and-watch game. BTC has been printing red weekly candles for the past MY MESSAGE TO YOU ALL:- BTC has been trading within this range for the last few months. If you are still hanging there with all the pain you had in the last 6 months, I believe you can make it to the next rally too! So stay strong, and avoid leverage/ futures trades when the market is uncertain. Try to take a break from the screen and spend some time with your family and friends. Your mental health is really very important to have a sustainable career in trading. Focus on your own well-being and start learning new things like TA, FA on-chain, and anything you like, and the money will follow. Making profits is our secondary goal, preserving funds is the priority here. Let me know your thoughts in the comments section. HIt a like if you find this chart idea helpful. This idea is just my view and not financial advice. Thanks for reading. Stay strong #PEACE
COINBASE:BTCUSD
by Cryptorphic
41
Pay Close Attention - Trend Likely to ShiftTrade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose
BITSTAMP:BTCUSDLong
by Michael_Harding
3
BITCOIN: THE DIP KEEPS ON DIPPING.Hello traders, Like I said in my previous update ‘the dip keeps on dipping’, well I guess we aren’t in the actual dip. BTC broke down the $28k support range which isn’t good at all. This is brutal for all the traders who went long on BTC and other altcoins and if it was on leverage then God saves them. All our past trades hit the SL and after that, I went to ‘No trade zone’ that’s why I did not post any trade setups. It was just the BTC updates I have been posting. Now, to analyze the current situation, I have this 8 hours chart which shows two support ranges. Support 1 at $27.7k and Support 2 at $25.45k. If BTC fails to hold the S1 level then we may possibly see BTC at S2. A close above S1 or the blue box will be a sign of relief for time being. The RSI is close to the oversold zone, the entire market is red, the F&G index is in extreme fear, the BTC.D is at the peak & the USDT.D is as well. All these indicate a rally to be coming soon. Until then don’t get rekt. Thank you and have a rekt-less weekend.
BITSTAMP:BTCUSD
by Dexter_The_Trader
10
BITCOIN UPDATE: A BOUNCE OR NOTHING.Hello traders, here's an update on BTC. The market dropped and we saw some reds around the corner. BTC is exactly at the support ($29300) and to be bullish again, BTC must bounce back from this support. If BTC breaks down below this level then the only support level I can see is the $28k after which there's literally nothing. A bounce on the other hand will shoot the price up aiming toward the $32k resistance. What's your call you the current BTC price? Share with me your ideas so that we can have a good exchange of ideas. If you like this idea then do like and follow.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
8
BITCOIN: THE ONE DAY HERO.Hello to all my members. Welcome to this important update on BTC. For today's analysis, I will be using the same 4 hours chart. The weekly close ended up giving a boost to BTC and other altcoins. Many assumed a bullish rally as they saw greens in the market and started posting bullish trade setups and ended up hitting their SL. Whereas in my Ethereum update I clearly mentioned that "We need to be vigilant especially when the market turns green all of a sudden and the RSI is making a similar move (overbought) in all the charts in lower TF." I am not trying to justify anything here but we really need to understand how the market play. In my past experience, I personally have made huge losses. I knowingly made mistakes by playing emotionally in this crypto market. It doesn't mean that I am perfect right now. No one ever can be perfect but we can have the thrill to learn more and educate ourselves. Okay, back to the chart. BTC is currently holding the support level of $29k. If the next candle breaks and closes below this support then BTC could reach close to the $28k level where we have our next support. A bounce on the other hand will be a good chance to enter the market and make some profits. We still have 1 hour left so sit tight and wait for the moment. Let me know what you think about the current market situation. I hope this update will be valuable for you. Trade safely, my fellow traders cause we have a long way to go together.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
4
BTC: A BULLISH WAY TO START THE WEEK.Hello traders. Dexter here with another BTC update. I hope you guys are all doing great and making some good profits with the recent pump. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market. So, if you like my ideas then do show a thumbs up and click the 'follow' icon. Anyways, let's get back to the chart. What a great way to start the weekday. a straight jump from $29868 to $31246. This pump has boosted many altcoins side-by-side which was interesting to see. The current price is stuck at $31218 which could turn out to be a resistance level for BTC. If not then $32200 is the ceiling. If you have entered into this trade with at least 10x leverage then congratulations cause you are 70% up from the entry-level. For me, BTC did not hit my buy orders for leverage trading but I do have my bags filled with BTC on spot. If you have trades open and you can see green in them then don't hesitate to book profits. It may go higher than your current levels but it is always wise to book good profits.
BITSTAMP:BTCUSD
by Dexter_The_Trader
My Btc Strategy / BtcUsdt AnalysisThe graphic is clear , you just have to see it . I do not give investment advice to anyone. This is my strategy. . . . . . Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is offered individually, taking into account the risk and return preferences of individuals. The content, comments and recommendations contained herein are in no way guiding, but are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations. . . . You can support me by liking the analysis.
by stephbertalse
4