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BTC diamond pattern waaaSUP everyone, i thought i would share this one, I was charting away and drew the wedge channel BTC is in. The white trend line is from body of the candles the blue is from wicks of the candles. If you notice the blue trendline of the wedge has hit the last wick bang on You will also see the bear flag that BTC is currently in ready to go somewhere, It could form a double bottom very soon which would also make this a Two diagonal diamond continuation pattern or possible reversal pattern depending if it broke out or not. So ye theres my idea, another thing is there is a bull divvy on the 2hr. On the daily we are below the 50MA, by a thread, but if we break the 50MA on the daily i would suggest the probability would be more favourable of hitting the top of that wedge. But we will soon see, Happy weekend :)
by Crypto_SUP_Surfer
FTX Discloses Significant Asset Shortfall in Company's PresentatAfter extensive efforts, the leader of FTX and FTX US has reported the discovery of billions of dollars in debt on both exchanges. FTX US, a leading digital asset platform, has announced a total of $374 million in assets, with the majority of the sum held in associated accounts. This marks a significant increase in the platform's financial stability since its establishment. Additionally, FTX has reported positive results for its less liquid "Category B Assets", including its own FTX Token (FTT). However, FTX wallets have a net borrowing of $9.3 billion from its sister trading firm, Alameda Research, with FTX US owing Alameda $107 million. This suggests an increasing financial connection between the two firms and may have important implications for the cryptocurrency industry. Meanwhile, FTX Japan users have welcomed the news of the platform's ability to withdraw funds as an "escape" from the platform. In terms of corporate leadership, John J. Ray III, the chief restructuring officer and CEO of FTX, has emphasized the company's commitment to transparency and public disclosure. It has taken a huge effort to get this far. The exchanges' assets were highly commingled, and their books and records are incomplete and , in many Cases, totally absent. In contrast, Nishad Singh, a former engineering director at FTX, has pleaded guilty to multiple counts of fraud in a US district court and now faces potential prison time and fines. Finally, the US Justice Department is facing increased pressure as billionaire trader Sam Singh has filed a plea to halt the investigation into the cryptocurrency industry led by rival billionaire Mike Bankman-Fried, following news of several close associates agreeing to cooperate with prosecutors. Note: This article was written by an independent author and does not represent the publisher's views. If you find my content useful, please consider liking and sharing it. Additionally, I encourage you to follow me for future real-time updates on the cryptocurrency market. Thank you for your support.
Education
by CryptoPatel
1
Bitcoin Shifted in Bearish from Bullish#Bitcoin Technical Analysis:- This is My Opinion and Analysis Please Share your View Also about Bitcoin Next Move. The recent market sentiment for #Bitcoin has shifted from bullish to bearish. Bitcoin is currently holding on to its trendline support, but it has already broken below the $22,900 support level. According to technical analysis, $22,000 is a crucial support level that needs to be maintained for a potential bullish scenario. Traders should keep a close eye on this level. If the price breaks below $21,960, it could signal a further downturn in the market, and the next support level to watch out for would be in the $20,000 range. As of now, the support levels for Bitcoin are at $22,000 and $20,000, while the resistance levels are at $23,000 and $25,000. If you find this analysis helpful, please Like and Share it. Follow me for the latest Real-time updates on the Cryptocurrency market. Thank you.
BITFINEX:BTCUSDShort
by CryptoPatel
3
Crypto hammered as Silvergate bank issues worry tradersWorries around Silvergate Bank have set off a mini plunge today. Crypto has seen a worrying Asian session so far, with most coins seeing heavy selling as traders look to take cover as the Sivergate Bank issue continues. The Banks share price lost 50% yesterday, and reports say most major players will suspend automated clearing with other business operations with the bank. Kaken is the only major exchange that looks to be continuing operations with the bank. Silvergate has seen most of its crypto industry clients leave a day after it announced it would have to review its books with auditors and warned of headwinds. They announced Wednesday they would be delaying their annual 10-K to answer questions from independent auditors and its accounting firm, as well as "regulatory and other inquiries and investigations that are pending." The bank warned in a forward-looking statement that it faced possible inquiries from bank regulators and the U.S. Department of Justice and its ability to "continue as a going concern", which may be affected over the next year. This is driving fear today, and we will continue monitoring as the updates come out. Let's hope it won't become another contagion, as seen in 2022.
EIGHTCAP:BTCUSD
by Eightcap
BTC diamond 4 hri thought i would share my latest idea based on that dump we just had. I see a diamond pattern here. BTC already broke out and retested, but now has broken out of its pattern and dumped back down . So i changed my anlysis and spotted this diamond So either pump through the low volume gap (blue box) take out the red vectors OR dump hard and grab the liquidity in the green vectors below. If BTC drops lower then it could form the double bottom which would make this diamond a continuation. But if BTC goes up from here it could more likely be a reversal diamond. Or it could do something totally different, im still learning, over a year now and have learnt a lot :) peace and love everyone :)
by Crypto_SUP_Surfer
DXYI thought i would share my idea, its very brief. The DXY is still in its downtrend and now is at the top of its downtrend line. Its worth noting that it is in an acending wedge which more likely play out to the downside. But also it is at strong resisitance, this is the level it hit on 20 march 2020 and tanked, so could we see the same? One area to note is the orange circle, if the DXY goes down be mindful of the potential double bottom right there. If DXY drops, stocks, BTC will follow :) Anything can happen so please always do your own due dilligence :) But im bullish on BTC and probability suggests downside for the dollar?
CAPITALCOM:DXY
by Crypto_SUP_Surfer
#HBAR/USDT Technical Analysis: Bullish Long-Term Outlook HBAR Technical Analysis: Bullish Long-Term Outlook Despite Short-Term Correction Expected:- Based on the technical analysis, HBAR is currently trading at $0.072, representing a 100% gain from the recent bottom and a 170% increase from the previous low within the last two months. However, the chart indicates that $0.1 is a strong resistance level, and there is strong rejection from this level. Furthermore, today marks the unlocking of 3 billion HBAR tokens, which could be perceived as negative news for current holders. There is a fear that those who have been holding these tokens for a long time may sell them in the market, resulting in a further decline in HBAR's price. Therefore, it is advisable to stay away from HBAR in the coming days. As per the technical analysis, a 15-20% correction from the current level is expected, and HBAR may test the $0.05 level in the near future. However, in the long term, the outlook for HBAR is bullish, and it is recommended to accumulate it during significant dips. The Fib retracement level shows that the 0.618 Fib retracement support is also at the $0.05 level, which implies that there could be a bounce from that point. The upper side targets are considered to be the resistance levels, which are $0.1, $0.177, and $0.44. On the other hand, the support levels are $0.05 and $0.037. If you appreciate my hard work and analysis, please like, share and comment. Kindly follow me for any latest updates. Thank you.
Short
by CryptoPatel
4
BTC inverse Head and shouldershey waaasup everyone, If you have been following me lately you would of already seen my TA on BTC. Heres an update, It has played out as expected so far and BTC is very close now to that red vector range and big volume gap. It is still in its range (blue box). I have now spotted a much bigger inverse haead and shoulders pattern (light blue) but also some confluence of the small decending wedge that BTC is in right now. That would put BTC very close to the liquidity above. Bookmap is showing Liquidity for BTC at 23K, 24K, 24.35K, 24.65K, 25K. also at 21.7k but there is over 339 btc at 23 K so thats a wall right there and also 456 btc at 24 K, so thats the range 23-24K. I am still bullish on BTC, Happy Sunday everyone, and enjoy the rest of your weekend :)
by Crypto_SUP_Surfer
1
TA of DYDX/USDT: Potential Breakout and Buying Opportunities Chart Analysis Shows DYDX Testing Fibonacci Retracement Level and Potential for New All-Time High in Upcoming Bull Run:- #DYDX is currently trading at $2.855, and the chart shows that it recently broke out of a major resistance level and is currently trading around 250% higher than its last bottom. It has also risen 150% from its last breakout. The previous breakout was followed by a retest and was perfectly executed. At present, DYDX is trading in a parallel channel, and a breakout from this channel is crucial. A high-time frame candle closing above $3.30 or breaking the recent high of $3.68 would be the best entry point as per technical analysis. Based on the chart, I anticipate that DYDX may test the 0.0618 Fibonacci retracement level and then experience a significant upward rally. Therefore, the best buying opportunities would be around the parallel channel support area, which is between $1.40 and $1.70. In the long term, I expect that #DYDX will break its new all-time high in the upcoming bull run and could reach $30. The support levels for #DYDX are $2.44, $1.65, and $1.11 while the resistance levels are $3.47, $7.50, $13, and $24 This is just my opinion, and it is not financial advice. Before investing in any coins, I recommend doing your own research. I will update my social media channels if anything changes in the chart. Please Like, follow, and share for more live updates on technical analysis and breaking news on crypto. Thank you.
Long
by CryptoPatel
6
BTC updated ideaHey everyone, so i put out an idea last night where i showed a W formation and inverse head on shoulders on the 15 min TF, but it didnt play out. I have updated my idea, where it is still in its range (blue box) The pattern has changed to decending triangle with base at 23k area but it could also be a decending wedge possibly? Everything else is still in play, green vector range below, red vector range above, BUT look at that big volume gap above, thats something definetly worth keeping an eye on. It is also showing signs of support at the 21 SMA with the 200SMA in the middle of that low volume gap. Soon find out :)
by Crypto_SUP_Surfer
🅱️₿ LocalBitcoins To Shut Down, Bitcoin DropsLocalBitcoins is a huge name, even though they have no volume its closing down can definitely be felt across the market. People tend to panic over anything and everything. They made some really bad business decisions in the past and now it seems they are paying the price. This will be just another minor "bump" in the road and Bitcoin will resume growing once the panic settles, the weak hands sell. After 14-February we should start seeing better news on the Bitcoin side. The Altcoins are doing great... That's what we trade when Bitcoin is undergoing consolidation, a correction or a retrace. We will continue with the "Name Your Altcoin" series after Part 3 and comeback and finish part 4 and 5 when more people get involved. We can do this monthly or bi-monthly, I'll update you on your favorite altcoins and thank you for the support. As to Bitcoin, the only thing that will peak my attention is if we break below the $20,000 level/support. Any trading above this level and we continue 777% bullish, of course! Namaste.
BITSTAMP:BTCUSDLong
by MasterAnanda
23
Financial Wave. DXY. Despite the dollar (DXY) strengthening, the cryptocurrency market showed resilience and held about the same level after the release of good data on Non Farm Payrolls statistics for DXY and bearish data for cryptocurrency market. 👉But now the DXY dollar index has reached a resistance level and rolled back 61% Fibonacci from the recent decline, and the momentum of the rise after the data release has weakened. Perhaps with the dollar index correcting down, the cryptocurrency market will be ready to continue rising. The dollar index should be watched closely. Let's see how the situation develops.
TVC:DXY
by Financial_Wave
Can bulls do it?Hello every one Today i want to share my idea with u. On the 3-day time frame, we notice the intersection of the upper part of the descending channel with the red horizontal resistance This intersection (yellow zone) indicate a strong resistance for the bulls to break it Keep your eyes on it.👀 We expect a breakout to occur soon, and if this happens, we expect a strong rise of 300% Don't forget to support us with ur like and follow me for more updates.💙 Good luck👌
by ceciliones
5
2022 - The Year in Crypto MarketsHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 2022 has not been the best year for cryptocurrencies. Infact, many popular news outlets are proclaiming that 2022 was the death of crypto. Or that it could be, atleast. As if a long, dry, crypto winter wasn't bad enough, we watched as the market started to unravel at its seams. The first major shockwave that hit the market, was the collapse of LUNA and stablecoin Terra. (Ofcourse the Federal Reserve's interest rate hikes weren't helping either.) The crypto industry in TOTAL is a highly connected and integrated market. It is therefore no surprise, that when LUNA crashed, many companies had suffered serious losses from which they could not recover. Celsius had roughly 1.7 million customers and more than $10 billion in assets, but the market conditions ultimately led them to bankruptcy. Many people on the Terra platform had taken out loans in the stablecoin and used LUNA as collateral. When LUNA's value began to drop along with the overall market decline, it impaired the collateral for many of the stablecoin loans. Many of the borrowers, in turn, couldn't repay these loans because they had used the stablecoins to purchase other investments that had themselves dropped in value. The interconnections among all of these transactions amounted to a 'death spiral' that dragged down LUNA and TerraUSD simultaneously and had negative effects on many investors' portfolios. Remember that back in March, the year's first major hackers hit the market. Hackers targeted the Ronin network, which supports Axie Infinity blockchain gaming platform, and stole $625 million, making it the largest cryptocurrency theft to date. It didn't stop there. Many other major crypto platforms, such as Binance and FTX, were also hacked in 2022, making it the year with the most hacks and highest amounts stolen up to date. Confidence in crypto markets continued to decline, and then shocking revelations around FTX and sister company Alameda Research came to light in a November CoinDesk article. Binance CEO CZ immediately and publicly expressed concerns around FTX's solvency and ability to sustain its self-issued token, FTT . Traders began to withdraw funds from FTX. The FTT price fell from roughly $26 to $1 in just a few days and FTX paused customer withdrawals. FTT was discovered to be insolvent, having misused customer deposits and funds. FTX filed for bankruptcy protection in late November. The previous bailout of BlockFi was reversed and BlockFi was back into bankruptcy court. Crypto markets crashed, again. It is important to note that the failures we’ve seen this year have NOT been caused by a failure of the underlying blockchain technology. Ethereum underwent a successful upgrade in 2022, transitioning from a proof-of-work blockchain to a proof-of-stake blockchain. The tokenomics of Ethereum have also changed significantly, which many believe will benefit the future of the ETH ecosystem. 2023 may start bleak, considering talks of a recession, cryptocurrency regulations and the fact that many cryptocurrency companies and their founders are facing bankruptcy and even the threat of imprisonment. But, the future of blockchain remains! Crypto will survive, because it is revolutionary and as a wise businessman once said - If you want to be successful, invent something that makes the previous version absolute. 🎁 And remember, from all of us at CryptoCheck 🎁 🎁Happy 🎁 Festive Season ✨ _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
by CryptoCheck-
53
RLinda ! BTCUSD-> The calm before the storm!BTCUSD is currently fluctuating in a narrow trading range of $20300 - $20800 in anticipation of the FOMC decision and the US Fed rate, indicating investors are hesitant ahead of important news. On the whole, there is a risk-off in the market ahead of the Press Release, which is expected during the New York session (Chart 1 indicates narrow range consolidation and MA50 and MA200 indicators at 1H) Important: -High inflation. -Federal Reserve meeting (rate hike expected) -Cheap bitcoin and hashrate growth negatively affect mining companies -Hacking -Bottom of bitcoin (is it found?) -Technical analysis. Inflation is at an all-time high, hence the market expects the Fed Reserve to raise interest rates by 75 basis points. In such an outcome, all eyes will be on the December meeting and it will be especially important if the dynamics of core inflation lead to a fifth rate hike. At the same time, investors are hoping for good luck and are looking for signs to lower the pace of rate hikes in both the upcoming press release and the December meeting. (Chart 2 Illustration of a strong decline, cheap price and lack of the usual volatility) Cheap bitcoin and a sharp rise in the hash rate (the second reaches highs) of the network creates problems for mining companies. Bitcoin hashrate is the amount of processing power transferred to the blockchain during the mining process Companies that rely on bitcoin mining as their only business and source of income are currently struggling: -each block is becoming increasingly competitive -energy prices are rising dramatically -and hash prices are falling. -profitability is falling. The drop in the price of bitcoin, which has fallen 75% from its all-time high of $69,000, is certainly not making things any easier for miners (Chart 3 Comparison of the 2018-2019 bottom and finding the bottom of the present day) Shortly before midnight GMT on Tuesday, the Deribit crypto exchange was hacked. $28 million in $BTC, $ETH and $USDC was stolen, while customer funds were safe and losses were covered by the company's reserves. The market did not react much to this fact and continues to consolidate before more important news. Most investors and analysts are inclined to believe that the market continues to look for a bottom: - Significant volumes of BTC have already "changed hands," the scale, however, is still less than the bottom of 2018-2019 - in this cycle of 2022, still not many days to say that the bottom is formed and may need an additional phase of "redistribution" to test the determination of investors in the market - There is still no sign of a significant influx of new demand in the market - Still no hint of redistribution of the initiative into the strong hands of the big players (Chart 4 Illustration of an equilateral triangle. "The calm before the storm") From a technical analysis perspective, we see declining volatility and strong range boundaries that squeeze the price ahead of the upcoming Press Release On the lower timeframe, we are seeing an equilateral triangle formation after the recent surge in energy and momentum to a record high of +$21,000 in the past few weeks. This pattern signals a neutrality between investors at the moment. Price has moved into the "calm before the storm" phase. A breakdown of one of the boundaries of this pattern may provoke a strong movement in one direction or the other: -On the bullish side, a sharp increase in demand for bitcoin may allow it to overcome the $20,576 resistance zone and reach the $21,000 level. A further bullish break above the $21,000 level could lift BTC to $21,900 -The target of the short move will be the support of $19500 (Chart 5 Technical Indicators at 4H) On the 4H timeframe, Flagship BTCUSD is trading in an uptrend channel with support around $20,300 and resistance around $20,700. - Tested by a touch and subsequent consolidation of the trending MA-50 - To the 200-MA the price needs to go about 4% of its move, which could indicate a strong support zone and the price is in a local bullish move. -RSI is behind the sellers, which indicates a slight reversal of the local trend -MACD is also bearish -Press release on rate may motivate the price down -Breaking strong support will force the price down to the 18500 zone (Chart 6 - Price in neutral, but at the same time in the risk zone) The important nuance is the consolidation - 20433 - 18510. The price on the 26th tries to break through the resistance, but it is obvious that the market lacks the liquidity and energy to overcome this zone. Based on the above, it follows that: -An equilateral triangle is forming in the consolidation resistance zone, a breakdown of the support may provoke a return of the price to the consolidation boundaries - Very little positive news to overcome the strong resistance zone - The market has not yet tested its global lows of the global drop. - There is a Federal Reserve rate hike coming up, which is likely to negatively affect price performance. Have you ever wondered what will happen to bitcoin? Is it safe to say that everything is obvious? Sincerely R. Linda!
Short
by RLinda
33
Bitcoin BTC Crypto Trying to Break Major Support line Bitcoin BTC Crypto is trying to Break thru the biggest resistance line yet $21,043. This resistance line was formed from a Head & Shoulders Pattern from the all time high which broke down and brought in this Bear Market. Additional Bullish Patterns have formed waiting to be fulfilled sending us to the following price points: Oct. 13, 2022 Bullish Falling Wedge Pattern +231% $61,764; Oct. 13, 2022 Bullish Falling Channel Pattern +121% $41,737; Oct. 25, 2022 Bullish Falling Wedge +33% $25,535; (Pending) Bullish Raising Triangle +7% $22,692 Pending Patterns price points; Oct. 13, 2022 Bullish Falling Wedge Pattern +231% $61,764; Oct. 13, 2022 Bullish Falling Channel Pattern +121% $41,737; Oct. 25, 2022 Bullish Falling Wedge +33% $25,535; (Pending) Possible forming a Bullish Raising Triangle +7% The Market currently wants to go up....................... This current pattern forming will set the path
BITSTAMP:BTCUSDLong
by C-J_
1
RLinda ! BTCUSD-> The bulls are getting stronger in the $20800Over the past day, according to CoinMarketCap, the major cryptocurrency has managed to bounce back from the $20,000 mark and is up to $20,800 at the time of writing. Bitcoin showed a slight bearish correction yesterday, it is showing an upward trend again. *at the time of analysis bitcoin is strengthening its position above 20800. A skeptical move at a time when there are no clear fundamental facts to influence the upside. What happened and what to expect? Traders continue to withdraw huge amounts of BTC from centralized crypto exchanges. The balances on these platforms are currently at nearly 8% - such a low supply of bitcoin on exchanges was last seen four years ago, according to data aggregator Santiment . All investors and analysts are waiting for the U.S. Federal Reserve's press release. Could the rumor that the Fed's policy will go in a more accommodative direction hold true? - The main question many interested people are asking themselves right now. On the chart we can see the upward momentum forming, which was almost 10% from the breakout point of the "Downtrending Triangle" resistance Note that the price is traded above the 200MA and 50MA on the 4h chart, which shows that there is a bullish mood in the market. The price tests the resistance 20780 for the first time by a false-break and forms a small pullback, but the price holds near the strong support 20000 and we see the price recovery with the further breakdown The important point at the moment is the resistance at 20783, where the bulls will strengthen their positions. I expect an uptrend from this area to break down the downside resistance. Bitcoin has a rather strong potential, but everybody is rather skeptical about this movement. Short-term target - resistance 22800 The medium-term target is the liquidity zone of 24750. The next target to which the bulls can aim is the far level of 26700. Regards R.Linda!
Long
by RLinda
35