Professional view of Bitcoin's HistoryI have posted countless posts about Bitcoin, shared educational content many steps of the way. To understand the logic and trade your next big opportunity, you need to have a good feel as to where it has been. More importantly, why it has been there.
So, let's start off with the why. I am one of the lucky ones, I first got introduced to Bitcoin in 2011 - just happened to be in the fintech space and a long time FX/Stock trader. When I first saw Bitcoin I knew it was interesting, but had no concept of the scale or the possibilities.
Fast foreword a few years I started unloading throughout it's first real Bull run. Why? Well, as a trader I wasn't looking for lottery wins, looking more for good returns on the investment. (I wish I knew, what next) Don't get me wrong, it was an awesome run and ended up one happy chappy, but at this stage in Bitcoin's life it was too early to "trade" - this was more an investment vehicle.
As the price rallied, my other hat was hearing other VC's and Angels talk about Bitcoin but with a kind of scepticism, yet a fear of missing out. The issue is, Venture Capitalists are more about wealth preservation than wealth creation. You could write a book on this topic!
What I was seeing, is the VC's would look at other Blockchain based investments and make their decisions based on a simple ' is Bitcoin up or down '
After the drop late 17 into early 18, there seemed to be a different vibe in the family office, LP, more institutional investors. This vibe was one that kinda said "if it survived the pummeling, maybe it's safer than we expected".
Now, if you think VC's are all about wealth preservation, the LP's (Limited Partners) in essence the money behind the VC's, as well as other types of investments. These guys are another level, it's all about longevity, long term strategies, these are not trading moves up and down this is a long term play with a tiny amount of their pie. (which is often still in the Billions).
It wasn't until we got to this point, that as a trader more than a Tech investor - Bitcoin become interesting.
I shared a post at the time explaining why it was interesting, this was called "Re-accumulation"
You can click this post and go through to see it in detail.
It was due to this playing out to the penny, the next stage become obvious. You see, many retail traders assume one thing when it comes to investing like this. That is Big players come in and price goes up. So many jump in, this is the liquidity for these bigger players to cash out. Like I said, as a professional I am not looking to invest $1,000 to make $10 Million. We are looking at 10x, 20x bank it. Go again...
Knowing what was on the cards based on the level of re-accumulation just below and of course a factor of 10x from the lower region accumulation.
You guessed it - DISTRIBUTION
I shared a post titled "They Blew up the rocket"
These levels are pre determined, on the @TradingView show with Stefan, I discussed Composite Man and the fact the market is an Algorithm, seeking liquidity.
www.tradingview.com
We then fall down to this area of liquidity which as you can see above, can easily be mapped out in advance.
Now in this zone, you could see a real ugly move up - this give off the hint that the market was testing the water, checking to see what levels are interesting to various participants.
As we rallied away from this zone, it quickly became apparent that the new top level had been programmed.
Zoom in to read the text here.
So, why was it only going to poke above the old all time high? Liquidity...
Then Where? well, down of course. Here you will see we started changing the character and the next obvious move was on the table. Again, pre-programmed in.
I shared in advance the logic here as to why it will grind up and fall through.
These things are not difficult to understand, yet retail traders mostly have the memory of a gold fish. Levels are not set in stone, you don't get a break and it's done. the change of character is trying to tell a story. It's giving the clues.
I've shared every single major move here with you on TradingView.
Now what?
You have a much, much larger accumulation move in the works.
NOT SO FAST!
One slight caveat.
We are early, it's not done yet. Your local influencers, fake guru's and the social media universe all want one thing! BTC to go up. Blackrock's ETF - you think they will come in to make retail traders rich? Go back and read the start of this post again. Retail is the liquidity for us professionals. This phase is a very, very big one. On a 15 minute Timeframe every $100 will look massive.
You really need to learn the logic behind such moves.
ETH-BTC
BTC ANALYSIS 15/7/23BYBIT:BTCUSDT.P
Goodmorning people its currently 11:29am here in AUS on a fine Saturday and I've just been looking through all the charts and other things and couldn't help but notice that all Thursday's gains on BTC got eaten up. But for a trader like me we are on the way to our next support SO what to do now? what you need to do now is use your patience and focus on your self-control. Wait for the market to find this support and not just the first wait for a double or triple bttm even. this drop comes from the ripple news after a court hearing. I don't get into news at much, but I do like to know why the market dropped.
Things to take out of today:
*Patience for me comes in now more than ever.
*Emotionally I feel tired after a night shift and a big day of trading and training! so I'll take today off to spend with my beautiful family.
*Keep an eye on that 200EMA for a support (alerts)
Thanks guys.
A GPTUSDT SCALP!BYBIT:GPTUSDT.P
I absolutely love seeing candles, pressure, and shapes like this... to me (NOT CERTAIN) this is a nice crater on the lower timeframe to start a brand-new bottom. Now! I obviously done my research heavily! I had tons of other ideas to pick from but today this chart is most clean on that 15M timeframe. so, I picked this up off of a reaction of a higher timeframe and to me this reaction is exactly what I look for in a trade look it may not pick me up but at least im prepared and ready to move on ALREADY.
Thanks guys.
Ethereum - Prepare For The $2,150 Double TopI've heard that a number of "Chinese Partners" and even their wallets were directly involved in the formation of the Ethereum Foundation.
Whether that's true or not, the reality is that too much of today's digital currencies are connected to the Chinese Communist Party, and that's a big problem for long term bulls when the United States and its allies are talking about "de-risking" from China and Xi Jinping is not in anyone's good books.
Moreover, with the 24-year persecution of Falun Gong by the CCP hanging over everyone's head, being bullish on anything with its roots in China is like asking to get "Zeroed Out" in the truest sense of the word overnight, one night.
At present, you're being told that a bull market is not only coming, but here.
However, with the exception of Bitcoin Cash, which I actually called in like August of last year but it took forever to pan out and I forgot about it:
You're already pretty close to the tops.
Once we're finished here, early bulls aren't going to like their bags and a lot of these alts you think you're smart buying are going to end up at zero because they won't be listed on the federally regulated exchanges or Coinbase.
Anyways, here's the situation.
Bitcoin futures (futes is all that matters) supports a move to $33,000 to $35,000 based on the monthly bars, which I outline in a very accurate call here:
Bitcoin - Balance Amidst FUD
However, Ethereum futures does not support a new high because it already rebalanced the gap in April:
The overall macro situation in the broader markets are also not good at the moment, and a lot of things are about to change. You can view my calls included below and decide for yourself what you want to believe in.
June 30 is also quarter end for the real economy.
Because a new high is not likely, and Bitcoin is primed to go another 10%, where we're at is that we're looking more at either a $2,050 almost-top or a $2,130 double top.
The technicals on this particular trade are also that Eth broke to the bottom of a triangle/flag before it went up.
When it broke to the bottom it neither took out a key pivot nor did it rebalance a key gap, which it really should have done if the target was, say, $4,000 again.
So, if you ask me, you're about to get a time to sell your longs and go short. But they're telling you it's time for you to go long for the super moon.
But what if the moon is still a long ways away?
It's a long fall back to $1,000 if the furus and the Discords and the megaphone accounts are wrong.
The call:
1. Ethereum does not make a new high
2. Do not buy the dip. Short the rips after the rejection confirmation.
3. Keep shorting baby
4. Short and short and buy it all back low
If you can enlighten to it you'll do pretty well. If you can't, you'll lose a lot of your future, won't you?
#ETH - thoughts out loud №4Good evening from Ukraine!
Dear colleagues, I am glad to welcome you!
Today, we have important news, the situation on the chart reflects the idea of professional operators to implement their plans immediately during the news release, cascading levels with a large number of stop losses have been formed. We can see that if we are long, then at more favorable prices, and if we are short, then we have room to fall, and perhaps someone will not be pleased, but this is the truth as it is.
Thank you all for your attention, I wish you success .
Sometimes you win /sometimes you learn .
- thoughts out loud
- thoughts out loud
- thoughts out loud
⚫ LTC usdt - Weekly ⚫🔵 #LTC usdt
⏰ 1W
⚪ As you can see, the price has broken dynamic resistance and static resistance.
If fixed above $100, $130 is available.
🔴 Support and resistance are shown in the chart.
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📛 Follow the market trend and decide to buy or sell.
⚠️ (This isn't a signal for buy or sell) ⚠️
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👸 Analyzed by : Parisa_Alipoor
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Coinbase - The Moonboy GuillotineFrankly speaking, Coinbase is a stock you actually want to keep a careful eye on, because as the US/International regimes fully integrate digital currency, Coinbase is quite likely to be a key organ of the network.
But for now, this thing is worth $14 billion still and at a time that the crypto market is doing really poorly, Binance and Tether are ticking timebombs waiting to go full Mt. Gox, and banks are about to establish real crypto exchanges.
The current breed of digital currencies, including Bitcoin and Ethereum, are things that have been corrupted by Chinese Communist Party entities.
All the way from the mining cartels to the communities to the Ethereum foundation, there are links to mainland China every step of the way.
And this is something you should really be worried about when the new International Rules Based Order policy is about "de-risking" from China.
And moreover, China has a lot of problems from the pandemic, the coming possibility that Xi Jinping will coup d'etat the CCP in the middle of the US night one day soon, and the looming persecution of Falun Gong since 1999 by the Jiang Zemin faction.
The timing is a little off to go long, but since you're being told it's time for $100,000, if you believe it, then I suppose you've consented to losing your money.
Right now I have calls on Bitcoin for $33,000 to $35,000:
Bitcoin - Balance Amidst FUD
And Ethereum for a $2,130~ double top:
Ethereum - Prepare For The $2,150 Double Top
In my opinion, with the chart set up and pattern, the Coinbase market maker is not going to create higher prices.
The target is below the December low.
Numbers like $15 or $18 are what the low will look like ultimately.
And so right now if you're long on this I recommend you sell on a breakout of this April-July trendline around $69.
If you don't sell your shares now I really do believe these prices won't be seen again for at least 2 years.
I do not believe price will break $72 because the market maker is actually short.
For now, the trade gives a scalp opportunity to go from $61 to $69 as well.
The target is the very bottom. And then a new new bottom of the new bottom.
Afterwards, perhaps Coinbase will rise again.
Chainlink , is it over?Is it over for chainlink , are we going to 0?
Just three days we had amazing news for chainlink , the swift integration , this is massive news but if you been following LINK for a while you new it was coming.
Three days ago we were flooded everywhere with these articles letting everyone know how amazing this development was and how bullish this was for chainlink.
Three days later what do we have?
Your classic flash crash structure on early Saturday morning , I have documented time and time again for years here that these moves always happen Saturday mornings.
The level Chainlink has hit is very important it was the resitance wall of 2019 at 5 dollars , there is alot of confluence in this level so it is likely that it holds here for now, if not 3.5 dollars is next.
Why 3.5 dollars because thats where most of the past volume has been on LINK.
In May 2021 this indicator that I use quite abit flashed bearish divergence with a count of 5 , at the time I thought is this the top? As of today on the monthly the indicator has now flashed bullish divergence with exactly the same count , very interesting.
Don't think for a second that this was just pure coincidence that they pumped the internet with bullish chainlink news only to dump the price 3 days later , its clear they are trying to shake you out.
There no coincidences in crypto only coordinated attacks on your fear so large corporations can load up more.
ETHBTC looking strong and ready to rallySince BTC topped around 31k, ETH has outperformed BTC. It looks like ETH is slowly gaining more and more, as more ETH is being slowly burned through EIP-1559 and more ETH is being staked. As ETH outflows since the Shapella upgrade have peaked and inflows are dominating, ETH now has a yield of about 5%; ETH looks more attractive than BTC.
Of course, BTC has its upcoming halving less than a year from now, and recently Ordinals have given Bitcoin new life. As gold was rallying, the digital gold narrative was also more robust. However, Ethereum has seen its Layer 2 protocols gain more and more traction while AI stocks are pumping like crazy and gold is dumping. Essentially flexible tech is preferred to stable and inert metals.
ETHBTC has almost completed a breakout, as it hasn't fully reclaimed all key diagonals and the yearly pivot. It has reclaimed all critical support, penetrated the 0.06-0.066 area, which I was expecting to happen for a while, and is now looking solid.
Someone could go long now, with a stop loss below 0.064 or waiting for the full breakout. Someone could wait before going long for BTCUSD and ETHUSD to have a failed breakdown by hitting 25700$ and 1720$, respectively.
We Called The ETH/BTC Pump!Looking at our chart, we see that Ethereum started getting oversold near the bottom of our standard deviation bands, along with an oversold reading on our new DVO indicator. This, combined with the oversold green X's we received (combination of multiple indicators), and our dark blue candles (another oversold indication), led us to have a VERY successful ETH long!
The next resistance we're looking at is $1915. This has been a big level on the daily chart and may provide a rejection once reached. You can also see our candles starting to get overbought (turning orange). Once they turn red, that's when I start looking to completely exit or take a majority of my profits.
If you're looking to buy on a pullback, watch the $1715 level. That acted as great support over the past few weeks and could provide a good R/R if we reverse here.
With BlackRock recently applying for a Bitcoin ETF and many other banks following suit, the crypto market is about to get a whole lot crazier!
-Stayed tuned for our new indicators launching soon (shown on the chart + more), along with a slew of great trading info for you guys! You won't want to miss it :)
Let us know if you have any questions!
Crypt Total Market Cap, Uptrend?This chart shows the total Crypto Market Cap, includes every coin on the market.
The Fib levels are drawn from the Covid Crash to the ultimate November Top. Upon the bearmarket retrace we bounced of teh 0.786 support zone to reach current resistance at 0.618.
There is a clear uptrend forming, now this is nothing to trade with imo, just important to note that this might be an area of support.
BTC is strong and we can clearly see that when comparing to the "Total Crypto Market Cap excluding BTC and ETH"
If there is more downside here i expect BTC Dominance to hit those 52%-55% levels
and ETH dominance to hit 22%-25%
while the Altcoin market will suffer greatly...
I still like the odds and will be swapping some ETH into altcoins once all the economical announcements are made this week and the data is clear.
Will also keep ammo for lower levels.
One thing to keep in mind, its all about perspective, just imagine seeing these levels during the bullmarket. These are the "Ah man i wish i bought then" levels
ETHBTC.4HHello dear friends,
*Mars Signals Team wishes you high profits*
This is a time frame analysis for ETHBTC.4H
We are in the four hour time frame. As you can see, the price was able to break the resistance line and stabilize above it, and is currently retreating towards the support line. If it can consolidate above its first support line, we expect the price to rise to the first resistance area. But if it cannot stabilize above the support line, we expect further fall to the second zone.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care
ETHBTC Potential bullish break-out of the 9 month Falling Wedge.The ETHBTC pair has been trading within a long-term Falling Wedge pattern since September 2022 and currently it is testing its top. This is also where the 1W MA50 (blue trend-line) is, so we can potentially have a double bullish break-out.
The 1W RSI has already broken above its 9-month Channel Down, issuing the first signal. If the price does break and close above the top of the Falling Wedge, we will target every Resistance level all the way to the 0.08560 High and buy on every pull-back. As you see the Fibonacci retracement levels match well with those Resistance levels, which are basically the Lower Highs of the Falling Wedge.
If the price fails to close above the Falling Wedge, then a potential rejection can pull it all the way down to the 0.06200 Low.
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ETHUSD → Price strengthens and breaks resistance ETHUSDT exists within an uptrend bounded by resistance and support. For a long time the cryptocurrency pair was under the pressure of local resistance, which was broken yesterday.
The price breaks MA-50 and on another retest of the resistance the pair breaks through the resistance and exits the range, after which it forms a consolidation above the line.
If the bulls hold the price in the new channel, the coin will begin its strengthening.
The last few days the activity on the market is increasing, and we can assume that it all happens against the background of the economic fundamentals regarding the dollar index.
The moving averages are acting as support. The MA-200 coincides with the lower boundary of this uptrend channel, confirming the support line.
Strong support: 1880, 1846, 1775.
Strong resistance: 1920, 1941, 2021.
I expect that under the pressure of the bullish trend and sentiment, ETHEREUM will continue to 2021 followed by a breakout and strengthening to channel resistance.
Regards R. Linda!
ETHBTC.1DHello dear friends,
*Mars Signals Team wishes you high profits*
This is a daily time frame analysis for ETHBTC.1D
We are in the daily time frame. As you can see, the price is oscillating at the resistance line. If it fails to stabilize above the resistance line, it has the possibility of falling to the first support line and we have shown you the supports. If it can stabilize above the resistance line, we have the possibility to increase to the second resistance line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care
ETHBTC Bullish Cross completed on 1W. Rally ahead.The ETHBTC pair has been trading inside a Triangle pattern for almost a year (since the June 13 2022 Low). For the past 3 weeks the 1D MA50 (blue trend-line) has been supporting while the 1D MA200 (orange trend-line) has been the Resistance since January 21 as the price has failed to close a 1D candle above it (having 3 clear rejections on it).
The key difference here is the formation of a Bullish Cross on the 1W MACD. In the past 12 months, this has always been a Buy Signal. We are buying and targeting the 1D MA200, and if it closes a 1D candle above the 1D MA200, we will extend buying towards the 0.618 Fibonacci level.
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ETH Bearish, BTC to Bounce Back, BNB - Best Bet Right Now? 🌩️ Bitcoin faces stormy weather, but don't fret! An imminent market rebound is on the horizon, according to ATTMO 📈. Recent reassuring news on Bitcoin's trading freeze on Binance may support the world's largest cryptocurrency. 🌧️ Ripple, on the other hand, faces stormy weather following comments made by its CEO on the SEC's on-going court case in Dubai, but is still likely to rebound in the coming hours.
🌴 The weather forecast for Binance Coin looks tropical - very bullish with some upside potential - over the next 24 hours 🌞. However, cloudy skies are predicted for altcoins such as Ethereum and Litecoin , indicating a slightly bearish market with downside risk 🌥️.
Over a one-week horizon, ATTMO expects a sunny sky with a few scattered clouds - a slightly bullish market with upside potential for both major cryptocurrencies - Bitcoin and Ethereum , according to our data 🌤️. And, it's worth noting that Dogecoin is facing stormy weather, so an imminent market rebound is likely. 🐕
Stay informed with ATTMO's weather-inspired crypto predictions. Follow us for more updates! 🔍
analyzing the structure of ETH/USDTI use ETH for analyzing the structure of crypto market, cause it usually gives more clear data and patterns in comparison to BTC.
over all structure analyze shows that there is a high probability of market correction and for that we need to stay calm so market decides how it wants to break the supply zone or reject the price from it.