Get started

Crytpocurrency

BITCOIN TO THE MOON OR TO THE BOTTOM OF THE OCEAN?I can't help but to think, that during covid lockdowns and when the U.S. government was handing out free Monet to individuals. That those individuals were simply using that money to pump the crypt market. Now that we are seeing a dying economy here in the U.S. we are also seeing a dying crypto market? When it cost 2x or even 3x more money to purchase the same goods that once cost drastically less. Then you begin to see more and more individuals start to re think where their hard earned money goes.
BITSTAMP:BTCUSD
by Alexander50plus
NZD READY TO GET OFF THE ROPES...? 🚨🚨🚨 Hi Traders In this post we have broken down the most recent price action on Nzd/Cad. I want you to look at this post carefully and really spot all the critical signs that you could have used to get in on the corrections and the next stages of the reversals. On this pair we are currently still in an impulsive phase and we are waiting on seeing a sign of exhaustion or reversal for an initial correction. Long term I want to see Nzd really take off but for now we will be trading the correction ands waiting to see what additional price action we get. If you have any questions regarding the technical analysis in this post let me know in the comments below and I will be sure to make an education post on any question recieved. As always trade safely and thanks for taking the time to show me some support! The Fx Chartist
Long
by TheFxChartist_
5
GBPNZD Almost Ready... ? 🧨🧨🧨 Hi traders Hope you are having a profitable week. Please see this beautiful Elliot wave scenario we are anticipating. We are coming to the end of the impulsive wave 3 and we are expecting to see a retracement which will form wave 4. For this set up up we will need to see price retrace to at least one of key Fibonacci levels and then show exhaustion and rejection. We would then start looking for signs to get in on the next impulsive wave labelled number 5. Price is starting to show some exhaustion at this structure level and we will not be taking any position until we see a successful break of the ascending trend line. We may enter on the break if it is extremely aggressive however it is definitely safe to anticipate a double top before the impulsive move away. Please as always let me know in the comments your thoughts on this set up? Would you like to see some educational posts on Elliot wave? As always trade safely and thanks for showing me some support! The Fx Chartist
Short
by TheFxChartist_
WHICH WAY WILL HISTORY REMEBER BTC? Hi traders Please see our above analysis on BTC/USD. We previously analyzed bitcoin on 20/11/21 and predicted the bearish momentum perfectly down to the 40k handle. I have linked this below. We are currently in the process off completing a full breakdown off bitcoin and will publish in the coming days. Be sure to hit the follow button to receive a notification when this is published. The chart is a weekly chart and shows the behavior off bitcoin when we had the same set up. This was a nice head and shoulders pattern but one which failed and bitcoin created a new impulse and subsequently a new high. Will we see the same outcome? Is the game up for bitcoin ? Let me know in the comments below your thoughts on bitcoins future and be sure to check out my full break down in the coming days. As always trade safely! The Fx Chartist
BITSTAMP:BTCUSD
by TheFxChartist_
26
S&P500 Small Correction Before Break to The UpsideBull Markets go through 3 phases: 1. Stealth Phase- this is where the smart money positions themselves for the run. (2020) or Just check Nancy Pelosi's portfolio. 2. Awareness Phase- this is where we are at and have been at since the last two months when it has become common knowledge the Fed is going to decrease spending and tighten monetary policy . Sentiment gets hot and results in a pullback. All of these fundamental factors are being priced in and are likely very close to completion. The entire market knows exactly where it's going, there are no more surprises to send the market into a spiral. Excluding the unforeseen/outliers. 3. Mania Phase- Bull Market ends in a euphoric blow-off top. This is where my thesis suggests the market is about to enter. A strong break out above All-Time high from here could spark this potential rally. Key Reminder- 80% of all US Dollars in circulation today were printed in the last 23 months. This is likely not where you want to place your capital. Technical Analysis- Each movement higher has been set by the RSI touching support indicated on the chart. It has done it 8 times since November 2020. I expect this time to be no different.
ULong
by NoOneWhoIsSomeone
Is Bitcoin ready for a bullrun?Hi guys! As many of you know, fear is everywhere right now. People are scared. Which begs the question, is it time to buy? Let's see what we have on the chart. One of the bullish signs is that Bitcoin made a triple bottom. This shows that the market wasn't able to push the price lower. What's also interesting to recognize is that before BTC pushed higher, there was a long wick that penetrated the support level going below the previous lows. After that 3 bullish candle in a row followed the price movement. Was this is liquidity hunting? ;) After those those 3 bullish candles, the price made its first higher low and its first higher high. Besides that, the price made a triple bottom like I said, but the RSI made higher lows. So there's also a bullish divergence. Now, let's look at the EMA Ribbon (all those Moving Averages on the chart), the price is getting closer and closer to the dark EMA at the top of the ribbon. If Bitcoin breaks that, that would be a very good sign. If we look at the rectangle in the EMA ribbon, we can see that after that big bullish candle we had a red candle. But here comes the interesting part. You can see that the red candles after that were getting smaller and smaller. This is a sign of deceleration. This means that seller aren't that interested anymore. What's also bullish to see, is that right now, a green candle is following. Meaning that buyers are getting interested. If this candle closes near the high that it's making right now then we have an extra confirmation that the price is decelerating.
by EliteTradingX
BTC: A Tale of Three Counts (Ignore at your own risk)All three counts look like they need one more low before a bounce that tells the tale. I suspect the next bounce will suck in many unwary buyers expecting support at or around $40k to hold. While I anticipate a bounce off $38k, the probabilities continue to point price down. Red count is new to the party as of yesterday although it makes a lot of sense in terms of proportions for a measured move lower to complete the larger degree green circle iv correction. At the larger time scales, it basically follows the same price action as the green count down, but assumes we are still in the red wave i of circle green iv. Although all downside targets remain the same, it does have the potential to bounce much higher than the green count. Resistance shown in red. Green count is a more immediate downside count with the set up for a fast drop from green micro 2 to green micro three. Stops could be set just above the resistance for any attempts to short at green circle 2. Red count is the more sinister of the bunch as it has the potential to rally much higher than green circle 2 before losing momentum. Resistance shown in green. Yellow is still hanging on by a thread. But so long as it yellow (iv) does not cross below the price territory of yellow (ii), it's technically a valid ending diagonal with a choppy path to a new high. I think it's the lowest probability of the three counts at this point considering the weekly and monthly MACD show a loss of momentum at larger time frames. I will start plotting the yellow upside count to a new high after the bounce assuming price does not break below the invalidation point. #NotRecommendation #NotAdvice #AllMeasuredMoves
BITSTAMP:BTCUSDShort
by Nailed_it
SHORT BTC STILL BEARISHBTC FAILED TO HIT AND SURPASS 53K AREA BUT IS HOLDING A SUPPORT AROUND 45-48K RANGE. We could see a 20-30k bitcoin in 2022. Other networks are proving to be stronger use cases than Bitcoin with way faster transaction speeds and larger capacity + cheaper fees. Bitcoin is the daddy of all cryptos but it is not the most advance network or most powerful. SOLONA XRP AVAX i would prefer those for transactions for time and convenience. Please leave your likes and comments. Thanks
BShort
by Spapidinero
2
Bitcoin Bullish ( Pennant ) With the closing of the last weekly candle , this is confirmation of a bullish close. The pennant in yellow has not only been broken but the retest after the breakout has been bullish as well with the next confirmation being a broken 0.618 fibo level. Weekly MACD has started showing a lighter shade of red signifying lesser selling power , based on my gut instincts , the MACD lines are going to cross in the positive zone upwards. Close monitoring of daily MACD is confirming this. Target ? break of 1.0 fibo level and landing on 1.618 level.
BITSTAMP:BTCUSDLong
by Suria97
BITCOIN about to make that push!wassup my peeps, yes u read right, bitcoin to the moon they say well that may just be the case here. BTC is currently rebounding off the weekly support, also on the daily chart above we can also see price is holding above the 200 moving average and also we saw a pinbar candle close to a major support level. With these confluences and price action signals i will open a long position on BTC. entry 51022.5 stop loss 45606.4 take profit 65352.6
OANDA:BTCUSDLong
by Marofrassfx
1