Very time sensitive data about current Bitcoin Dump!(In Persian)BITSTAMP:BTCUSD
BINANCE:BTCUSDT
Hi ,In this video I discuss about the current Dump , potential moves of the price in immediate short-term , symmetrical Triangle Breakout and Wyckoff's accumulation pattern in action.
For more reference check my other videos about this Wyckoff's accumulation pattern :
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Dump
BTCUSDT triangle , 60Watch out! Ready for pump or dump!
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🚩 Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
GNUSvolume has been going down until we had that little bottom with a "spike" in volume.
after that, consolidation took place, BUT then more volume come in AND we had +4% and +9% in twno days.
we have now broken the previous resistance, and WITH A SPIKE IN VOLUME.
guys, if volume starts to come once again, that can easily go to 4 USD (+100% from now).
I know, the volume is not much, but having a SPIKE in volume today who breaks the resistance, is definitely interesting.
if volume starts falling and the price seems going nowhere, will not be a good sight tho.
pls remember to use STOP LOSS.
TRX Local Work Masonic Triangle 66/39TRX Local Work Masonic Triangle 66/39
At the moment, the price is in a triangle.
The zones for work are highlighted on the chart.
They will be reached depending on which way the price will go.
In the case of a dump, the price will stop in the stability zone "444". Those who understand true numerology know that this is the level of balance.
In the case of an upward exit, the price will be at the borders of the previous triangle.
$EGLX can fall in the next daysContextual immersion trading strategy idea.
Enthusiast Gaming Holdings Inc. engages in the media, content, entertainment, and esports businesses the United States, Canada, and internationally.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $6.35;
stop-loss — $7.27.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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BTC: ANOTHER RETRACE COMING? (BEARISH IDEAS)While we have been getting some recent relief on lower timeframes, bearish ideas still outweigh the bullish, unless BTC manages to break and hold above 40k.
The simplest and most significant indicator for further downside is that volume has gone down during this recent recovery.
On chain analysis shows that as of a few days ago, long term hodlers have been accumulating, but whales were still selling. Consistent sell orders have driven the price steadily downwards towards more attractive entry points as they try to get as many retail traders to capitulate as possible.
Perhaps the decrease in volume on this recent rally suggests that the whales are giving retail a hit of hopium before they crush our dreams of a swift recovery & takeoff to 70k & beyond. This is speculation, but it would not surprise me if BTC dumps promptly after breaking 40k and a bunch of buyers fomo in.
I'm not going to try to call the bottom. Short term, Obviously 35k and 30k are in the cards. Below that, look to 27k.
Perhaps the most bullish outcome would be for BTC to simply range between 30k & 40k for a month, which would make for a great alt season in June!
To be honest, I wouldn't mind another BTC retrace so I can scale back into BTC and ETH at better prices.
Right now I'm ~60% in Tether & focusing on short term scalp trades until the bulls show up for real.
happy trades,
CD
BTC, Bitcoin there are two scenarios!Bitcoin
There are two scenarios!
Here is a Technical analysis on Bitcoin 1h Chart long view to show you the market situation and the local and major support and resistance zones that you should attention to them and any break out will show you the direction and next market trend that can help you to make a right decision.
Should mentioned any break out on Bitcoin as a market leader will effect on the Altcoins price movement.
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Memorial Day SaleSeeing a lot of bearish signs particularly now with the completed H&S.
With the bearish sentiment, the bearish charts, & the obvious H&S spooking everybody into shorting - I expect another flash crash when all those shorts close at the same time.
24k may be conservative considering the above. Depending on the severity of a flash crash, 20k may be a more accurate number.
Why is the Bitcoin correction necessary? - NOT ANALYSISThis post is here to help you learn more about corrections:
It all started with GameStop (GME), then Elon Musk thought it was a cool thing to manipulate the market just because you sell cars and have too many followers on Twitter. But then the great damage was done by China.
As we talked about this before, the new regulations in China about bitcoin caused a massive drop, but it wasn't a bad thing!
We needed this correction... in fact, we even need MORE!
That's right, the price MUST touch the $19K and then the $13K area if the market wants to play safe.
All trading markets need the touch-back and the consolidation before making better and stronger moves (pumps)
I know too many of you fellow traders might be a "bull" and hate what I'm explaining here, but that doesn't make you right.
We might even see a good pump again any day now (as the indicators are showing us), but it would be great if the market corrects itself to the lower $20K channels.
You see, right after the drop started, the volume on Bitcoin began to come down the bubble people built for it.
Right now Bitcoin is STILL not oversold; Meaning we need more corrections for a stable market. Remember: for a higher high, a complete correction is needed.
Corrections are not bear markets. They typically last for three months whereas market crashes can linger indefinitely. Every bull market needs a correction.
MATIC can goes too the moon again BINANCE:MATICUSDT
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Urgent update for Bitcoin!!![DUMP...] (In persian)BINANCE:BTCUSDT BITSTAMP:BTCUSD
Hi , In this video I will discuss a very importent upcoming event for the BTC that is just around the corner!!!
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According to the last 2 cycles, the bigger dip is to happen..nowThe last 2 cycles had ATH's in the first week of December; however, the way they got there was very different from each other. According to the halvings that followed each cycle, we reached ATL 546 days and 518 days in the last 2 cycles, and each cycle took 364 and 413 days to reach that ATL from the blowofftop ATH's. That would put our projection for an ATH of BTC around Oct/November. That means we're 5 to 6 months out from our ATH...
Hey, would you look at that, 5 to 6 months out from the ATH's of the last 2 cycles were massive dips.
Wonder what this could mean for us this cycle? Hmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Bitcoin 200-Day EMA Rejection Follow-UpThe analysis I posted yesterday about a likely 200-Day EMA rejection played out nicely. While the pattern played out as predicted, the fundamental backdrop got worse significantly faster than expected. Because of this I decided to leave my stop-loss as is instead of adjust for each price level.
With how firm the resistance is holding up and the volume that we're selling I feel that closing my position at the 38,500 level (which would be the new stop-loss according to the first post) would be premature. I will break down my decision making process here:
Chart Description
Yellow flags indicate the position on each chart that the 200 day EMA was broken.
Hourly chart shows 4 clear rejections of 42,000 after breaking down and a potential bear flag.
Daily shows the sharp 200-day rejection as predicted yesterday as well as an approaching death cross.
Analysis
The first interesting move is a quadruple top after a support break. A key insight here is the volume bars during each rejection:
1 - relatively low volume with a higher volume pump off the bottom of the channel. This is about the spot where I made the post yesterday.
2 - high volume selloff which coincided with bearish news out of China.
3 - low volume bleed and reversal
4 - high volume selloff followed by potential bear flag. The reason I say potential here is because the green intervals have decently high volume compared to what I like to see for a clear flag. Although it seems to have dropped in the recent hours, this is still something I would like to confirm.
The second item I'm interested in is the approaching death cross on the daily chart. The red line indicates the 20-day EMA is getting dangerously close to the 200-day EMA that is the focus of this trade. This puts bulls in a position where the clock is ticking down and there is no momentum anywhere to indicate that it can break over the resistance and hold it. I do feel like there will be a battle though which is part of the reason I don't want to move my stop-loss prematurely.
With all this being said, I stuck to the plan for the profit taking and closed a small portion at target #1. I will be looking to re-enter at the top of the hourly channel and if we confirm a break below the channel.
Since this situation is fluid it is important to be unattached. Although I am not seeing much for bulls right now it is important to not ignore something if it does pop up. For this reason, price targets and stop-losses may be getting adjusted as needed. If the death cross occurs I will be lowering my price targets significantly.
As always, don't be blind to risks. There is still everything that was mentioned yesterday especially the unpredictability of news. If there is bullish advances re-analyze the trade and adjust as needed. Do not fall in love with a trade even if it looks solid in the moment.