$BTC doing exactly what we said...Was away and have not posted here in some time. Was away and had a few things neded to take care of. Please see profile for more info on that.
Will consolidate everything we have said on #Bitcoin over last few days.
CRYPTOCAP:BTC was worth a shot early this week or late last week. We bought overnight Sun - Mon.
Mid 60's is likely around the corner.
Don't see #BTC in the high 60's but 67k is definitely possible.
Buy volume is still WEAK. Not crazy about that BUT at least it has been more buys, sellers might be done for now.
ETF
Bitcion - buy positions!Bitcoin is located between the EMA50 and EMA200 in the 4H time frame and is trading in its descending channel
Bitcoin moved in the direction of its bullish analysis of the previous day and reached the target
Risk on sentiment in the US stock market or investing in Bitcoin ETFs has led to the continuation of the upward movement and it is possible to look for positions to buy it from the demand zones
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
Key Signals Point to a Bitcoin ReversalCurrently, Bitcoin's price is hovering around a strong support level in the short term, and we're seeing early signs of a potential reversal pattern, possibly forming a macro (inverted) head-and-shoulders setup. Based on other technical indicators, this region between $47k and GETTEX:54K is likely to attract significant buying interest, positioning it as a key accumulation zone for long-term holders and institutional buyers alike.
- The only thing that could stop us now is a recession, but do you think that will happen?
- How many times we saw fud lately for Bitcoin, but also stocks?
- Is there volatility and fear in the stock market, yes.
- But when we see extreme fear. What should you do?
.. I'm loading heavily on these levels.
Let me explain once more the bullish fundamentals that should bring us above the ATH neckline:
Institutional Adoption: Large financial institutions, hedge funds, and corporations continue to accumulate Bitcoin as a hedge against inflation and as an alternative asset class. This influx of institutional capital is providing long-term stability and driving up demand.
Increasing Scarcity: With Bitcoin’s fixed supply of 21 million coins and a decreasing issuance rate due to halving cycles, the supply-demand dynamic is highly favorable. Each halving event further reduces supply growth, which has historically led to significant price increases.
Inflation Hedge & Store of Value: In times of rising inflation and currency devaluation, Bitcoin is increasingly viewed as digital gold. Its decentralized nature and limited supply make it a prime candidate for capital preservation in an inflationary environment.
Network Growth & Hashrate: The Bitcoin network's hashrate continues to hit all-time highs, signaling growing security and miner confidence. The expanding user base and increased global transaction volume further indicate that Bitcoin adoption is accelerating worldwide.
ETF Approval: The potential for the approval of Bitcoin ETFs in key financial markets like the U.S. could lead to a massive influx of retail and institutional investment, further boosting liquidity and price discovery.
Global Geopolitical Instability: Bitcoin is gaining traction as a hedge against political and economic uncertainty, with increasing use in countries with unstable fiat currencies or restrictive financial systems.
Major earnings are times to hedge or BTDAs far more eloquent and technical writers have covered (spotgamma, etc) - it's very clear that the markets in general are driven by single name options on the largest market cap companies.
And to help visualize just how much volatility can happen around earnings on these single names, I wanted to be able to visualize those earnings dates and impacts against some of the major benchmark ETFs like SPY or QQQ.
So far, I hadn't seen a place that gives this a more clear presentation so here is my first attempt at visualizing just how large the ripples are from the "megacaps" (AAPL, MSFT, NVDA, TSLA, etc) in a very "glanceable" way.
Introducing this indicator here first!
Earnings Date Highlighter - from0_to_1
Easily see the earnings dates from top market movers or the top holdings of your favorite ETF!
Bitcoin - Heavy Capital Exit from Bitcoin ETF After labour dayBitcoin is lower than the EMA50 and EMA200 in the 4H timeframe and is trading in its descending channel
The risk on sentiment in the US stock market or the entry of capital into bitcoin ETFs has resulted in the start of the upward movement, and after bitcoin in the specified supply zone, it can be entered into bitcoin sell
It should be noted that heavy fluctuations and shadows are possible due to the movement of whales in the market, and the capital management of capital in the cryptocurrency market will be more important
Bitcoin - Bitcoin is waiting for an important week!Bitcoin is below the EMA50 and EMA200 in the 4H timeframe and is trading in its descending channel. After reaching the supply range, Bitcoin has moved in its downtrend and is currently oscillating in its corner pattern
In case of risk off sentiment in the US stock market or withdrawal of capital from Bitcoin ETFs today, we can witness the continuation of the downward trend. You can enter sell trades after breaking the bottom of the specified pattern
In case of risk on sentiment in the US stock market or investing in Bitcoin ETFs has led to the failure of the pattern in the upward direction and it is possible to enter Bitcoin purchase transactions
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
Bitcoin - Bitcoin reached 60 thousand dollars!Bitcoin is below the EMA50 and EMA200 in the 4H timeframe and is trading in its descending channel
In case of risk aversion in the US stock market or withdrawal of capital from Bitcoin ETFs today, we can witness the continuation of the downward trend. But it is better to enter into sales position within the specified supply zone due to the reward to the more appropriate risk
If Bitcoin reaches the demand zones and continues to risk on sentiment in in the US stock market or invest in ETFs, you can enter into purchase position from these zones
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
Crypto At A Crossroads: Is This Time Different?In this analysis we're going to take a look at TOTAL3, which is the total marketcap of crypto excluding BTC and ETH. In other words, all 'smaller' altcoins.
As seen on the chart, the altcoin market has been in a dire state since the start of April, almost 5 months at this point.
For now, the bearish channel pattern stays intact. I'm anticipating some kind of breakout in the near future, we simply can't trade within this pattern forever.
Looking at recent history, the bears have the short-term overhand since we rejected the top resistance yet again. However, once a support/resistance is used too many times the market anticipates it and will trade against it. This means that bulls might wait for investors to short in huge numbers and start to buy and cause a minor short-squeeze.
Personally, I'm leaning bullish. Alts have gotten a severe beating over the months and are currently looking quite attractive, especially with BTC trading around 63k and a very high BTC Dominance.
For now, we're in a grey area. Wait until this pattern breaks for long-term entries.
Bitcoin - Will the rise of Bitcoin continue?!Bitcoin is above EMA50 and EMA200 in the 4H timeframe and is trading in its ascending channel
The current price range will be very important in terms of determining the future direction of Bitcoin
In case of risk off in the US stock market or capital withdrawal from Bitcoin ETFs today, after the bottom of the ascending channel breaks, we can see a downward trend
In case of continued risk on in the US stock market or the entry of capital into ETFs, the path of climbing to the supply zone will be paved, and we will look for bitcoin sales positions in the supply zone
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
ETHUSD - Ethereum will go below 2500 dollars?!Ethereum is below the EMA50 and EMA200 on the 4H timeframe and is trading in its medium-term bearish channel
If the upward and downward movement continues towards the specified supply and demand zone, you can look for Ethereum buying and selling positions with the appropriate risk reward
It should be noted that these zones are at the intersection with Ethereum's weekly pivot and transactions in these areas will be short-term.
BTCUSD -Bitcoin will go above 60,000$?!Bitcoin is below the EMA50 and EMA200 on the 4H timeframe and is trading in its descending channel
In case of risk aversion in the US stock market or withdrawal of capital from Bitcoin ETFs today, we can witness the continuation of the downward trend. We will look for Bitcoin buy positions within the specified demand zone.
In case of continued risk-taking in the American stock market or the entry of capital into ETFs, the path to the level of 64,000 dollars will be paved. But before that, we need to see the authentic breakdown of the descending channel
The Bitcoin LottoRemember when the excitement of the lottery was all about the potential of life-changing wins from just a small ticket price? Fast forward to today, and Bitcoin has emerged as the new frontier of that thrilling potential. Once priced at a humble $1,000, Bitcoin was accessible and brimming with promise. Today, with its value as high as $60,000, the landscape has undeniably transformed, offering new opportunities and considerations for investors worldwide.
Bitcoin isn't just a digital currency; it's a revolution that's reshaping financial markets, much like the anticipation of hitting the jackpot. However, unlike the traditional lottery, Bitcoin investment isn't purely about luck—it's about smart, informed decision-making, historical insight, and future potential. Imagine being part of a technological evolution that's not just a game of chance but also a calculated step toward financial empowerment.
When navigating these markets, you want to stay clear of the echo chambers. We have had tails of "98k next month and $135,000 In December" back in 2021.
The main issue with the sentiment at the current levels, are it seems everyone and their dog bought Bitcoin under $20,000 at the exact bottom. They were also calling longs at 69k.
It's an inflation beater, it's just had 12 ETF's approved, there's a price multiplier, sell your house and buy Bitcoin. It looks like Trump might win back the White House and of course, he has endorsed Bitcoin.
The question shouldn't really be "where does this go" instead it should be "why isn't it there yet".
I've joked a couple of times - If you bought a house at 69,000 in 2021 and now in 2024 it's worth 59,000 should you sell it or hold it, I have had replies like "You should have bought Bitcoin"...
This is not a bash against Crypto; it's knowing the value and understanding the perception vs reality dilemma.
The controlled aspect of the move up from 15k to 73 and that high being just enough of a liquidity grab much like 65k to 69k. Years apart, means there is a lot of control in an asset many claim "Cannot be controlled".
The sentiment was all about Freedom and liberty; no institutional control, no government control - Go Trump, Go Blackrock.
My questions remain, If you were lucky in at sub 10k prices - you have had a good trade (providing you profited obviously) Paper gains are not wins.
But where does the additional funding come from for a double of it's current price? Why are we not at 100k+ already after a Trump endorsement, a halving, a price multiplier, 12 ETF's approved?
The world of Social media has made it easier for keyboard warriors to catch every bottom, sell every top (yet never sell anything) and claim paper gains to the moon.
Investing doesn't need to be the same as a lotto ticket. It just needs a good understanding of why liquidity moves the way it does and who's side the profits usually come back to.
Anyway - food for thought this weekend! Have a good one.
Stay safe
ETH/USDT 1D Trade idea It's no secret, Ethereum has been struggling this Bullrun.
Outperformed by Solana and other new emerging L1's, a permabearish ETH/BTC chart and losing market share in terms of volume on chain to its competitors.
The daily chart is a difficult one to digest as a fan of ETH, despite the ETF approval and the institutional investment that has come with it, the trend is an obvious downtrend of late and shows no signs of changing anytime soon...
The ETH/BTC pair is a similar story only the downtrend has been the case for much longer, unable to keep up with bitcoins price gains. Bitcoin is currently -20% from its ATH set earlier this year, Ethereum is yet to break its previous ATH set in '21 of $4850, -47% at current price which is way off BTC.
For me there are two possible entries:
- A mid range reclaim would then target a range high move going into the end of the year.
- A safer entry of filling the wick set in the beginning of august with a slow grind down, sweep liquidity, reclaim and pump from there.
Both situations would require BTC to behave as always.
Kraneshares China Internet ETF | KWEB | Long at $26.00The "beginnings" of a change in the downward trend of China's tech stock market may be starting to unfold. The price of Kraneshares China Internet ETF AMEX:KWEB has finally reconnected with my selected simple moving average (SMA) which often means further price consolidation or future price breakout from the overall mean. I'm not saying this will happen immediately and this particular SMA likes to be tested to "fake out" buyers and sellers (sometimes over months or years). Plus, there are price gaps in the low BER:20S on the daily chart that often get filled before a run. But for the early birds out there, like myself, AMEX:KWEB at $26.00 is in a personal buy zone as a starter position.
Target #1 = $30.00
Target #2 = $37.00
Target #3 = $49.00
Target #4 = $100.00 (very long-term view...)
BlackRock Bitcoin ETF Is Forming An Intraday Bullish SetupIf we take a look at the hourly chart of BlackRock Bitcoin ETF with ticker IBIT, we can see nice and clean five-wave intraday rally from the lows, followed by an a-b-c corrective setback with first support at 32 area, while second deeper one would be around 31 area. So, seems like it's forming a nice intraday bullish setup formation, thus watch out on a bullish continuation, while it's above 28 invalidation level, just keep in mind that bulls may step in above 34.15 level.
US500 - Roadmap to 6kHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 US500 has been overall bullish, trading within the rising channel marked in red.
As long as the $5000 round number holds, I expect further bullish continuation towards the upper bound of the channel and $6000 round number.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
GOVT ETF: Bullish Reversal on the Horizon?The GOVT ETF, representing U.S. Treasury Bonds, shows signs of a potential bullish reversal, according to our proprietary QuantEdge Momentum System.
Key Indicators:
Z-Score:
The Z-Score has surged to 1.60, signaling an overextension to the downside in the past months. This indicates that the recent downward momentum might be exhausted, leading to a possible trend reversal.
Z-Score of RSI:
The Z-Score of RSI at 1.72 shows a significant bullish momentum shift. This suggests that the asset might be gaining strength, with buyers stepping in to push prices higher. The crossing above 0 confirms that bullish sentiment is currently prevailing.
Cumulative Volume Delta (CVD):
The CVD indicator reflects a strong buying pressure, as demonstrated by the marked shift from deep negative territory (-451,481,504) towards a less pronounced negative reading. This shift suggests that the selling pressure has weakened, and buyers are beginning to dominate the market.
Price Action:
The price has broken above the green momentum cloud, signaling a potential shift from a downtrend to an uptrend. Given the alignment of other indicators, this could be the beginning of a bullish phase for GOVT.
Projection:
Over the next quarter, GOVT is likely to experience a bullish correction, driven by strong buying momentum. The ETF could target resistance levels in the $25.00-$26.00 range if the current momentum continues. The Z-Score and RSI suggest that the upside could be substantial as the ETF looks to recover from recent losses.
However, caution is warranted if the Z-Score or RSI starts to diverge negatively, as it could indicate the potential for a correction or consolidation before resuming the uptrend. Monitoring these indicators will be crucial to confirm the strength of the reversal.
Based on the proprietary QuantEdge Momentum System, GOVT appears poised for a bullish quarter. Investors looking to capitalize on U.S. Treasury Bonds might find this an opportune time to consider GOVT as a potential buy.
Bitcoin Reversal After Hitting Demand AreaIn my two most recent BTC analyses I talked about an ideal area for entry in case BTC reversed from the top yellow resistance of the channel it has been trading in for 6 months at this point.
As expected, the green area on the chart has functioned as a huge area of demand, right in between the supports (yellow and purple). The drop was a bit more steep than initially anticipated due to a big sell-off in the stock markets, but the reversal is here nevertheless.
At this moment it's still unclear whether BTC will find its way up all the way towards the top of the channel yet again. The daily shooting-star wick suggests that bulls took over in the short-term, however.
As mentioned in previous analyses, BTC is currently trading in a longer term grey zone. I'm bullish above the top yellow resistance and bearish below the bottom purple support. It's not the time for long-term longs or shorts, in my view.
Remember my last ETH analysis where I talked about the initial bearish shock after the spot ETF approval (we saw the same with the BTC spot ETF). If the BTC ETF is any indication, we will enter a long-term trend from here.
Ethereum ETF Launch Causing Temporary Crypto Dump!Last week was the official launch of the long anticipated Ethereum spot ETF. Sadly, the markets dumped right after trading went life.
We have seen the exact same thing happen earlier this year with the BTC spot ETF launch, where the ETF lost over 26% of its value in the first 7 trading days. The Ethereum ETF is currently trading at -12% after 7 trading days.
Historically, great crypto news has ALWAYS caused some kind of dump. See the analysis below for reference:
Although we're going down, I think it's a merely temporary dump. Like mentioned in my most recent BTC analysis, I think that the green area on the chart is the perfect area to start buying in again in the hopes of a turnaround in the ETF's trading direction.
Share your thoughts on whether this analysis makes sense or not. Happy to hear what you think!