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BITCOIN: A POSSIBLE RALLY TOWARDS $18K.Hello traders, I hope you guys are doing well. Here's a quick update on BTC in 4 hours timeframe. BTC is under a rising wedge pattern where the price is close to the bottom trendline. In between this pattern, BTC is also forming a symmetrical triangle pattern where BTC is close to the breakout point. In both scenarios, BTC shows a possibility of a breakout and if this is so good to be true, $18k could be possible. The invalidation point will be a candle close below the lower trendline. That's all for now. I'll see you in my next update. Trade safely.
COINBASE:BTCUSDLong
by Dexter_The_Trader
3
BITCOIN: GOT REJECTED!Hello guys, quick update on BTC. After the weekly close, BTC got rejected. In my previous BTC update, I already warned you to be careful. This recent rejection could go extremely bad if BTC fails to hold the support level between $16.6k to $16.9k. If it holds this price level then we can expect a bounce back but a further rejection could drop up to $16k or $15.5k. For now, no scalping. I will wait for the confirmation to accumulate more. Trade safely.
BITSTAMP:BTCUSDShort
by Dexter_The_Trader
9
BITCOIN: A CLOSE CALL.Hello traders. BTC has been hovering around $17k for the last 3 days. Things look quite steep as BTC is somehow trying to push upward but is unable to break out. If BTC manages to break above the resistance, it will still need to break above the $17.6k resistance and that will be a bigger challenge for BTC. A rejection, on the other hand, will be nerve-breaking because it could either reject up to $16.5k or even worse $15.5k. As we are a few hours away from the weekly close, all eyes are on the $17.1k resistance level. Let us see whether we will see a breakout or a breakdown. Thank you for reading. Trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
2
BITCOIN: STILL UNDER THE RESISTANCE.Hello traders, welcome to the new week BTC update in 4 hours timeframe. After a 4 days sideway move around $16.5k, BTC finally moved downward with the lowest drop at $16k. The current price is trending at $16.3k but is still in danger because the resistance is at $16.5k. I am not pretty sure if BTC can break this resistance level but if it does, It could be a game changer for the market. For now, as it is under the trendline and close to the resistance, it is hard to take any long calls. Let's see how it will end up by the end of the day. Until then trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
6
BITCOIN ON THE MOVE.Hello traders, I hope you all are doing well. Here's a quick update on BTC in 4 hours timeframe. BTC has been under a big pressure lately but it managed to get out of it after a long 7.3% pump. This bounce brought a small relief to the market and if we see the chart then it actually broke out of the resistance trendline. This could be a good thing for BTC and the market but only if we see a bounce back from this level. The current scenario looks like a retest and BTC could possibly bounce back. A breakdown below the upper trendline will invalidate the bullishness in BTC. Still, we have 2 hours left so let's see what the next candle will bring. Thank you so much for reading. Trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
9
BITCOIN: CAN WE SEE A BREAKOUT???Hello guys, I hope you all are doing great. As we are coming to the end of the weekend, we can see BTC making a move trying to break through the symmetrical triangle in 4 hours timeframe. Things will surely be good if BTC breaks out and make a small rally toward the $17.5k range. We still have 1 hour to go so if there is any positive breakout, we can go long on BTC with tight SL ($16.3k). The target will be around $17.5k (5%). DYOR before investment. Trade safely.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
5
BITCOIN - Bear Market about to endAs with every bearish cycle, panic is reigning in the crypto world right now. And for this very reason it seems appropriate to make this analysis that, hopefully, will shed a ray of sunlight on the fearful ones. Since there is a lot to work with, I will divide the analysis into 3 parts (please note that this is macrocyclical trend analysis but fundamental analysis has not been considered). The material in this publication has no regard to the specific investment objectives, financial situation or particular needs of any viewer. This publication is presented solely for informational and entertainment purposes and is not to be construed as a recommendation, solicitation or an offer to buy or sell / long or short any securities, commodities, cryptocurrencies or any related financial instruments. Nor should any of its content be taken as investment advice. Trading and investing is extremely high risk and can result in the loss of all of your capital. Any opinions expressed in this publication are subject to change without notice. 1) Cycle Duration: Bearish cycle & Bullish cycle 2) Bear cycle bottom & Current bear market correction 3) Bull cycle top & Next bull cycle gains 1) Cycle Duration Bearish cycle : If we measure the duration of the previous bearish cycles, we can see that the 1st cycle lasted around 150 days, the 2nd cycle lasted around 640 days, and the 3rd one lasted near 820 days. If we average them we can estimate a duration of 550 days for the current bearish cycle. As a result, we can infer a high degree of probability that we'll touch the bottom within the 4th quarter of 2022. Bullish cycle : If we measure the number of days between the maximums of each cycle, we obtain an average of 1180 days. With this result we can infer that the next cycle top will be around June 2024. On the other hand, measuring the duration of the bullish cycle of each macro cycle, we obtain an average of 600 days per cycle. Which allows us to forecast that the next bullrun will be between the 4th quarter of 2022 and the end of 2023 1st semester. 2) Bear cycle bottom & Current bear market correction Bear cycle bottom : The first bitcoin correction was about 93%, the 2nd one was near 85%, and the 3rd one was arround 83%. On average, bitcoin corrections have been reducing by 5 points per cycle, so we can infer that the current correction can reach approximately 73%. The price bottom we obtain with these calculations is roughly $14,000 3) Bull cycle top & Next bull cycle gains Bull cycle top : As in all markets, as the market capitalization of an asset increases, the amount of money that needs to be injected to produce a significant price movement also increases. Therefore, in percentage terms, we can expect the profit level of the next bullrun to be lower than the previous one. In total terms, the 1st bullrun saw a rise of around 52,000%, the 2nd bullrun rise was close to 12,000%, while the 3rd rise was close to 2,000%. With this movement patterns it's fair to assume that the gains porcentage will be lower, so we infer gains of up to 1,000% for the next bullrun. The price top we obtain with these calculations is roughly $150,000 I hope you enjoy this review and found it useful. Or, at least, that this helps to give that little push needed for trend reversal. Cheers!
BNC:BLXLong
by GSANMARTINv
1
bitcoind prediction based on justin mamis sentiment cycleReturning Confidence By the time confidence is fully restored the markets have been rallying for some time. They start to get choppy and retracement moves get consecutively more fierce, each one more intimidating than the last. Buying the Dip (the big dip) A huge pullback now gets underway, even larger than the scary one you may have witnessed last month or so. After such a dynamic bull run, investors are willing to take on a phenomenal amount of risk and the smart money buys the big dip. Also, money is still flooding in from the general public, who likely read in The Sun that stock markets will remain strong for all eternity. Enthusiasm At this stage all economic data still supports the idea of higher prices. Traders that didn’t get involved in the last dip-buying opportunity now have hard evidence that it worked before. All of the traders that wanted to be long, are long (there are no more buyers), causing prices to decelerate. Distribution starts to take place, i.e. stock transfers hands, from smart money to stupid money…. Strong to weak. Disbelief Traders start to get that gut wrenching feeling that something may be changing but the fundamentals still don’t back this up, and people cling onto hope alone. Analysts start to get subtle warnings. Maybe previous market leaders start to break below important support levels or Moving Averages. Overt Warning/Panic Discouragement and Aversion Prices have been rattling off for some time now, as the general public start shedding stock and the short sellers are stronger than ever. There’s no good economic news flow and everyone thinks that stock markets will go down forever. Wall of Worry Certain market sectors will now start to bottom out as everyone that wanted to sell has done so. The smart money now starts to move in slowly, resulting in the market pausing for breath or drifting along sideways for a few months. There are no sellers left, so despite the bad news flow markets start to creep higher. Short sellers start to cover their positions, adding fuel to the fire. Aversion to Denial Markets start to trend upwards. Short sellers start to get concerned that sentiment has changed. With no sellers above the market, these sorts of moves can be fast and sharp and tend to leave people behind. This brings us back to ‘Returning Confidence’.
by MDkarimovic
2
BITCOIN: WHAT IF???Hello traders, I hope your trading has been going well. BTC once again has slowed down its movement after the firing news of FTX, CZ, Elon, and Sun. Things became so dramatic that BTC price surged from $21k all the way to $15k, a -24% drop in 2 days. As we all know that BTC has already broken down below the $17.6k support a week ago and till now it is unable to make a comeback. This is something that has happened before and this could happen again if BTC fails to break above the $17.6k resistance level. What if this breakdown turns out to be real? What if we see BTC at $11k and below once again? Would you buy it or would you quit? Do share your thought in the comments. Many of you must be in a dilemma about whether to buy now or wait for BTC to drop. I am not a financial advisor to advise anything but I can share my personal strategy on the recent drop. I am accumulating every dip possible. I have purchased BTC at $22k, $19.7k, $18.3k, $16.2k, and I will continue to buy more if there's any new bottom. Now, you may assume that I am a man with a big bank balance who is able to buy every single dip. It is nothing like that, all I do is buy BTC in a fraction. You can't jump in with your entire portfolio when BTC drops cause when you buy BTC with what you have and if it dips further down, you won't have anything left to buy more. So, always buy BTC in fractions and if BTC starts to rally and you missed the bottom, then look for breakout and retest levels and enter accordingly. I don't claim this to be an excellent strategy but it works for me. Throw some ideas if you have any to deal with this recent fall. Thank you for reading and supporting me.
BINANCE:BTCUSD
by Dexter_The_Trader
4
Bitcoin and rest of the market in accumulationHi guys lots of mixed signals going around the market at the moment ,which generally indicates big investors wanting to buy in at a cheap price as it shows we have already hit the bear market bottom and through some TA and FA we can make a call that our position is long -RSI has a hit a strong oversold region and is also indicating a strong bullish divergence in the 4 monthly -Market cap has hit the top of the 2018 market and therefore the bottom cap for the 2022 of 850bil -Overall volume is indicative of Huge amounts of oversells leaving bears liable for long positions within 4-8 month positions overall expect all short positions in the next 6 months to get absolutely lit up current volume depth is growing alt market will be prime for yearly long positions entrys right now with most coins being able to 4-8x within the next bull market.
BINANCE:BTCUSDLong
by Glo1235122