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Bitcoin eliminates cowards and rewards the tenaciousSummary of my advice to traders Buy Bitcoin at $50,500 the explanation By studying the behavior of Bitcoin, we find that it is heading towards a strong support area between $50,500 and $53,000 Bitcoin has been unable to maintain its price over the past period. We see a repetition of the behavior of Bitcoin now for what happened on the twenty-first of July and the twenty-first of September, behavior that causes traders to fear the decline and exit with the lowest loss (stop loss) and then billions of traders’ wallets who sold at a loss will be liquidated, so that the whales start buying from the prices of Low and benefit by raising the price of Bitcoin again.
by fady_ramsis_bashandi_bishay
BTCUSD: Time for a blastHello Traders! In my previous post, i mentioned that there is a fear of a drop in BTC and i said that BTC has planted a bomb. The reason why I said that is I saw an unusual behavior near my True reversal point. My True reversal points are derived from multiple strategies and it's the strategy that can give pinpoint accurate value of reversal but in some cases market reverse after breaking the true reversal point. Like in the previous post BTC broke the 56670 reversal point and dipped 1.88% more which is not a good sign and i said it's like BTC planted a bomb and looks like I was right and here we go now. In this dip i am expecting that BTC will touch 49K and reverse from there. So get ready for a roller coaster ride. Below I am adding previous post and few examples of my true reversal points. Click to open the post. Previous post previous post Example 1 Example 2 Example 3
Short
by Aadil1000x
4
Bad News For Bitcoin - BTCUSD Short UpdateBitcoin continues to exhibit signs of fatigue following the 500% bull run that took place over the last 15 months (Late Summer 2020 - Fall 2021). As we come into a key area at $57k-$55k, a break below this range will likely take us to $43k very quickly in one ugly devastating move. From there, a few unfortunate herbivores will rush in - thinking it is a great opportunity to buy and try to "beat the fed" - only to be massacred again (figuratively speaking) shortly thereafter. I do not like the looks of Bitcoin - both from a technical perspective and a macro perspective. The former is mostly summarized above and in the chart; the latter is really based on what i would describe as three general macro factors: 1. Political 2. Market 3. Financial Politically, my supposition (and recently validated to some extent) the idea that new regulations will fulfill the idea that developed governments will not ever adopt nor compete with crypto. In terms of the "market", I think the recent ETF-ing of cryptocurrency, puts them in a position to - at the very least - compete with other ETFs; this means profit taking and long-money-flows that are really more subject to the well-integrated real economy. I am essentially asking the question: "is Bitcoin / crypto really that important to the mechanics of the global economy?"... I honestly do not know the answer to this question but I keep leaning towards the answer being: no. Why? The third and final piece of my current thesis: the prevailing financial structure is denominated in dollars - particularly $USD. What this means is that if you do business in anything where dollars are involved ( oil, US companies, etc ), that means the associated tax obligation is also due in dollars. Before we continue - the validity of this idea is all based on the idea that the US government and our DXY member-partners do not and will not accept anything other than dollars (or their respective currencies) for outstanding tax obligations. So now any time someone says crypto is the "new way" or becoming "more widely adopted", they have no idea what they are talking about - at least not in terms of opportunistic investing/trading. Again, if a business has to accept non-dollars as part of their revenue, they have to exchange or somehow convert those non-dollars (crypto) in order to meet their tax obligation; which essentially means that a portion of their revenue and proportionate ability to meet short and long term obligations, is subject to 1. Political headwinds and 2. Market pressure from the real economy. Be well.
BITSTAMP:BTCUSDShort
by ChiefMacro
Breakout or Rejection!?Money Makers! GM is on its way to retest previous highs. I possible breakout or rejection is incoming. Let's stay patient and have your orders ready! Let me know what you think will happen below. I'm curious. Love it or hate it, hit that thumbs up and share your thoughts! It's all about Market structure, Area of value, and Entry Trigger. Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect! This is not financial advice.
NYSE:GM
by rnaofs
2
GOOD REACTION IN DUMP AND CORRECTION 😍when market have correction or dump people scared and sell portfolio and same place market come back and who sell portfolio, buy again in pump and this happen repeat and repeat to zero portfolio... Please read this part carefully , When market have a correction you must buy more and wait for come back and get profit to this correction instead of sell portfolio and think market will have bear season to this time , So now buy more and wait just this no more . Remember market in any time have new trend and never Fixed in one trend , You must smart and think about market and news and charts next select good position ! NOW If we can't understand chart or market condition , what we must to do ??? Answer : You have nothing to do , Sometimes we must just watch and wait to good place for login and each time feel market have bad trend and you can't understand that , just sit down and noting to do just watch !!!! Cryptocurrency market have a more than 12.000 coins and token and we can't keep all and get all profit , So make your watchlist about 10 to 20 for starts and check that . Have a good times guys :)
by ABOLFAZLVAZIRI
BTC Short TradeFirst of, I'd like to congratulate y'all for the new ATH on BYBIT:BTCUSD . I remember some time ago people were saying 30k BTC meant the end for crypto. Well look at where we are at now! Now, let's continue with the short idea I have for today. First of, let me say I'll play with little money since I dont like BTC is pinning the 50 EMA showing support there. Though, I think a retrace is really likely to happen looking the previous fractals, EMA's and price action. The entry is exactly in a high volume candle (these candles usually get recovered and price is used to bounce off those points). The Take Profit will be the 200 EMA, so pay attention, don't sleep with the trade opened! Or maybe yes, but leave an alert when price touches the 200 EMA! I hope this trade goes well for us so that we make some money :P Once again, congratulations for the new ATH on BTC!
Short
by chutireality
BTC Dump coming?Hi guys, hope you are doing well. I'd like to discuss BINANCE:BTCUSDTPERP . I'll go straight to the point. Basically, people think this last pump that happened last week probably means a new ATH in some time... We trade what we see, and what I see is 2 legs to the upside on the 4h timeframe, distribution in the yellow box, a false breakout and now I'm expecting a dump. Will this dump be as huge as before? Who knows, I'll take profits in the previous high. Manage your risk and only trade with money you can lose! We don't want you homeless. #DYOR
Short
by chutireality
4
BTC/USDT (Binance) Short-Term analysis DUMP Incoming? ☝🏻 For the last 3 days, Bitcoin has taken a side-ways structure in which volatility and volume is falling again. Gradually, the price is pushing towards the accelerated trendline of all this impulse growth, and so we will soon look again at the next impulse movement. I will follow the price action in the area of the trendline and in the case of the bearish situation I will follow the short positions, but for several reasons the creation of another high fit more into my concept. 👍🏻 The first of them is a fractal structure, which is very visibly similar to the side-ways structure in the last such movement, and it was followed by an impulse breakout towards the UP. It is very likely that Bitcoin will repeat this, although the reaction may no longer be so strong and impulse. The second is the traditional fractal on Bitcoin chart - pump-> sideways -> pump-> sideways-> pump and subsequent dump at least to the zone of the higher accumulation zone, often up to the first. ✌🏻 In addition, Bitcoin is very close to a strong fibonacci level of 0.786 fibo retracement of the whole correction trend, and this is often the target after the end of the opposite cyclic movement. There would be many reasons to expect rejection and the possibility of a more developed correction. Since Bitcoin's sentiment and fundamental are quite broken and BTC ETF approval may surface every day, I will not open a short limit positions in this zone, but I will wait for a visible rejection and the creation of a wick candle from above on the 2H-4H TF. 1H chart:
Long
by Tradify_Seb