ETH Long TradeI have been using this descending channel for couple of months now with great hit rate , not really a perfect descending channel but lets just say its a channel that has many confluence points .
Since March 2021 there has been a total of just six times this signal has printed bullish divergence , that's right 6 times. When the RSI is below the 50 mark and we get divergence it leads to massive moves.
March 2021 - 189%
June 2021 - 132%
Sept 2021 - 74%
Jan 2022 - 38%
July 2022 -102%
That's an average of 89% move to the upside, I believe we just got that signal once again , that would put us back to 2000 dollars.
We can also see that every time we have gotten this signal at the bottom of the channel and the divergence kicked in we moved up (yellow circles).
I think it is likely that we have bottom here for ETH.
FTX
🔥Ethereum under sellers' pressure❗ TIME TO BUY MORE❓🔥 Hi friends! Ethereum s under the pressure of sellers because of the FTX hacker. He stole almost 225k of ETH and sell it by 15k ETH each day. As for me, these news just force newbies to sell their crypto to big guys.
🚩 This theory is confirmed by the deposit of 700,000,000 USDT to the wallet on Binance today. Usually, such amounts are used by whales🐳to buy cheap crypto. This amount is almost 3.5 times more than the amount of stolen money from FTX, but few people pay attention to this.
📊 The main preconditions to open a long:
🔥 false breakout or test as support the $1073 or $1006 key levels. It mean, if the price close below this level, you need to open a long when the price return above. I think that HUGE movement is really possible after the false breakout of any these 2 levels
🔥 volume growth is a main indicator that show us the liquidation/trap odf long traders. The volume always growth at the bottom as you can see on the previous cases
🔥 bullish BTC help ETH to reach the targets
🚩 I recommend you to find the price squeeze to the local trendline and open a trade before the breakout. It's additional safe option to open a long after the false breakout.
✅ The closest value area which become the strong resistance:
1. $1190-1250
2. $1310-1360
3. $1515-1650
We can use these value areas as the targets and close the trade by parts to book the profit.
🚩 Traders, what is your currrent position on ETH? What targets do you expect for ETH until 2023? Write in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
🔥THE WHALES SELL ALL DOGIES❗ EASY MONEY DURING CONSOLIDATION✅🔥 Hi friends! The retailers are already forget about DOGE until it start to pump again.
🚩 Take a look on the volume indicator. The HUGE SPIKE shows that the whales sold a lot of DOGE on the Elon and Tweeter news. It's not something strange, because such meme coins are centralized altcoins woth 20-30 wallets, that hold 70-80% of entire supply. Of course, they want to sell it.
📊 My expectations about DOGE movements is consolidation between 2 massive value areas, where the most of altcoins were bought:
🔥 $0.059-0.071 - support value area
🔥 $0.084-0.091 - resistance value area
✅ I recommend you to find the entry point to short, when the price approach the top value area of $0.084-0.091. The target will be the lower value area.
✅ As you can see, DOGE make a pullback when the price touch the bottom value area of $0.059-0.071, so the next time try to find long entry point there. The target will be the top value area.
🚩 If any of this scenario will be in play, I will let you know in updates, so stay tuned!
Traders, do you think DOGE has a chane to renew it's local highs at $0.15 or it finnaly dead? Write your thoughts in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
BNBUSDT: Bearish Divergence, Short Opportunity to Under $200?Hello Fellow Cryptocurrency Investor/Trader, Here's a Technical outlook on BNBUSDT!
Technical Analysis
BNBUSDT Formed a Complex Double Top Pattern with Bearish Divergence on the MACD Indicator. We will for the breakout of The Complex Double Top Neckline. The breakout indicates a possible downward movement to the target area.
Fundamental Drive
Distressed Cryptocurrency Exchange Filed for Chapter 11 Bankruptcy.
The Complete Explanation is presented in the picture.
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the BNBUSDT"
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
How FTX could be BULLISH for BTCHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
I know this may sound strange, but the current volatility in the crypto markets may just go the opposite way of the most expected. Cryptocurrency markets, especially altcoins, are currently experiencing an overwhelming amount of fear. The market sentiment is overly bearish, and this usually makes a perfect opportunity to counter trade. By looking at the Wall Street Cheat Sheet, I can confidently say that I don't think the bottom is in just yet, for the sheer fact that we just experienced a HIGH volume selloff. Bottoms are usually characterized by LOW volume sell-offs after a longer period of sideways trading.
It is noteworthy that the FTX saga may bring on finalized crypto regulations very soon, and this could be bearish for altcoins (perhaps in the short term, but still). Some alts may not even survive the new regulations. The FTX saga together with the bankruptcy of many other crypto lending platforms might act as a catalyst for the government to step up regulations and implementation. That being said, Bitcoin will have an advantage over altcoins.
Haven't heard about the FTX saga and Sam Bankman? Don't worry ! Get up to speed here:
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We thank you for your support !
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🔥The best long scenario for APTOS❗ False breakout is a KEY🚀🔥 Hi friends! APTOS is the most promisses altcoin that still not show it's growth after the listing. I think if BTC make a move to $19k, Aptos should make 100% pump. I am sure that this trading plan will be very useful for you.
A week ago we see the large BTC dump tp $15,500. As far as my subscribers alteady know, ALTs follow BTC in 99% of cases. So Aptos fall to closest resistance and even number 4$.
🚩 Due to the fact that new altcoins do not have obvious support or resistance levels (key levels, value areas), such even numbers become support and resistance: $1, $4, $10, $50, etc.
Take a look on the volume indicator. The volume bars is so huge on the last liquidations, which mean that a lot of long traders was trapped and sold most their coins. It will be nice to see the same this time.
📊 THE PRECONDITIONS TO OPEN A LONG:
1. false breakout of the key $3.44 level
2. volume growth which confirms the liquidations of the long traders
3. squeeze to the trendline
4. bullish BTC
🚩 Be aware of the whales manipulations with squeeze and false breakouts.
✅ THE MOST POSSIBLE TARGETS FOR APTOS:
🔥 $4 - the key level
🔥 $5 - the top boundary of the value area
🔥 $7 - the lower boundary of the value area, where the most tradres will close their possition
Traders, is it idea usefull for you? What is your main target for APT in this local pullback? Maybe you already have the prediction of global target? Write your expectation in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
ALT COINS - STILL A LONG WAY TO GO DOWNAlt coins are hanging on to their last line of support. I think that pretty much all alt coins will at least fall another 50% from current prices. If this does play out Im going to look to enter the market when the alt coin market is around 250B.
Thanks for viewing my post.
Not financial advice.
The Truth About APTOS! I've been following apt for about 6 months. I also airdroped. Aptos was designed to replace sol. Don't get me wrong, it's for manipulation, not technology. Apt team will never let you say anything critical in dc. They instantly silence you. The CEO of apt said ftx does not have apt, but ftx is one of apt's early investor. I saw it with my own eyes on apt website and dc channel. Ftx and alameda participated in the investment tour. This information was available on the Aptos website but has been removed. The CEO also confirmed this in the previous interview, and now they are denying it. I know that coins will be received by ftx are locked for now. From the name of Aptos to its early investors, everything is a copy of Solana. They were going to do the pump made by solana last year but the ftx scam has been exposed. Now think twice. Apt is Facebook's crypto version.
November 19 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to Circle's official website, over the last seven days, the amount of USDC in circulation, as of November 16th, has increased by about $2 billion, or about 4%. Bitcoin is down 1.74% over the last 24 hours and fell to an intraday low of $16,529.69. The largest cryptocurrency continues to trade in the $16,000 - $17,000 price zone as investors remain cautious to assess the negative impact of the FTX crisis on the cryptocurrency industry. If another large cryptocurrency company becomes insolvent, the BTC/USDT pair could retest the November 9th low of $15,588.
Today’s Cryptocurrency Headline
Sui Testnet Wave 1 Goes Live
According to the official announcement, Sui, the Layer 1 public chain developed by Mysten Labs, announced the launch of Testnet Wave 1, which focuses on operators, especially validators and full-node operators. The Testnet Wave 1 network will run for approximately two to three weeks and will be closed when the goal is achieved. This is the first instance of a Sui Network working with non-Mysten Labs operators, and an important step towards a decentralized Sui Mainnet.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
Bitcoin and Exchanges - Well... there it is.I've been saying it for years now, exchanges are your enemies and they need more oversight. If there is one that may stand out amongst the pit of global snakes is Binance. As of now, they seem to be carrying the burden of proof. They need to prove that there is a trustworthy centralized crypto exchange. They are no saints but they are ok at self-policing. FTX C-suite was trading against its own users. They had software that was internally used to just steal your money, no shame, no oversite, no morals, no accountability, and no consequences.
This asset class for now will be frozen in place, it will take a while for the dust to settle and for optimism to come back. Even though this is baked into the plan, this time it might have crossed the line and backfired.
Looking at the weekly timeframe you can see that for the 1st time since 2013 BTC has never closed below the white trendline. For the first time, Bitcoin may be looking at a true bear market. We've seen long-term pullbacks but the trendline has always offered support. We are now stuck under that incredibly strong resistance and we truly lack optimism in this asset class as we've never seen before. I have started my decentralization plan. Over 50% of my assets are now in a self-custodial wallet. I'm putting short and mid-term trades on hold until I see which exchange will stay alive and which will fall. I don't think we've seen the last domino fall yet. Stay safe friend.
VERY IMPORTANT: Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of thanking me for my time and so I thank you for yours.
Smart money dumb tradesThe major issue with 99% of retail, is that they seek tops and bottoms. They watch a video or read a post and DIVE not knowing, or understanding some simple logic.
To be a successful trader you need a level head. As soon as you realise profits are made in a range and not by trying to time market tops and bottoms, there more you succeed. There are thousands of techniques out there, some that have a high hit rate, others that don't, some are complex and some are simple. In instruments such as Bitcoin - you also now have tools such as on chain data. The issue is and will always be, liquidity. Money is made by someone else losing!
Retail will see things like Elliott wave and dismiss it - "ah it's old, ah it's broken, ah I don't get it..." We as humans can find the good, the bad and the ugly with all techniques.
All we are really trying to do is, re-affirm our personal opinions, defending loyalties and find angles to attack anything that is not aligned with our desired outcome. Hindsight equals the ability to explain the past but in doing so, creates an illusion that we "now understand" it all makes sense. People don't understand because they cannot explain it. Regardless of wanting to or not. Our own unique perspective is built on our own unique experiences - trying to make sense of the complicated situation.
The reason I talk about this - is that when you only take snippets of data from one source, or worse, several sources. It's so easy to get confused and mix up your own beliefs. In this current BTC scenario - people are desperate for a bottom to be in. It's all they seek, so when an influencer or educator mumbles the words - bottom, they assume it's to the moon we go. Thus, supporting the personal belief and desire.
Every professional trading strategy, requires confirmation. If the expectation is we rise from here - we need logic as to why? if it is we are likely to drop - then, what's the reason for that drop?
Over the last 2 years, I have made some of my Bitcoin calls public. There is a lot more behind the scenes that does not get posted, so what you should not do is - read a small percentage of a post or watch the first few minutes of a live stream and dive in. Your missing the bigger picture!
This doesn't just apply to my posts - this is in general. This will help you in the long run. You need your own level of understanding for the logic behind the move.
I can show post like this back in March this year;
And the outcome was as predicated -
We grabbed liquidity and dropped seeking a better accumulation range.
I've talked about value areas - this post goes back another year...
The outcome -
For me, it's knowing the "why".
The lesson here - is no obtain a bias of your own. Work on that to see inside the move.
My view is pretty much as I have talked about this last 14-18 months...
We have seen some stopping action.
Now you look out for a range -
Obvious liquidity in this zone.
So this is 100% a lesson and not a call. Now look at the range in detail, you will see a fair value level hidden in there.
Same goes for knowing the "why" - as Bitcoin becomes more institutional, it becomes more and more respectful. But as it does, tops and bottoms are still not what your targeting. Look at this from Feb last year from the first rally all time high.
Look at the post date.
These things are playing a game - it's all about understanding the rules.
On the way back up from the low shown in March last year, why would there be evidence for a truncation?
This image was the 24th of August. We go on to climax just above the 65k region...
Liquidity is the name of the game..
This post is the first in the Liquidity series of posts here on @TradingView
Have a great weekend!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
SPY IS BREAKING OUT...Again as this is a 4th-wave we will see plenty of swings.. that is why I did not trade until I saw a "bottom was in" for this wave. Looking at the pre-market we are sitting above $397 and showing strength towards our first level of $411. Some may be wandering what those red lines are for... those are my support lines I draw on a bigger time frame along with fib levels to help with confirmation. I don't just rely on Elliott Waves and Fibs... I feel support and resistance are key to know also.
How Sam Bankman got Fried Hi Traders, Investors and Speculators 📈📉
Losing $22 Billion in one day is probably a record for the books. Let's take a closer look at the Sam Bankman-Fried story...
At 30, SBF is(was) the youngest billionaire in the US. In 5 years, he managed to start the fastest growing DEX (FTX), as well as Alameda Research. He is also well connected. VERY well connected, with political ties to big names such as actors including Tom Brady, Naomi Osaka and financial institutions including Coinbase Ventures and Binance Labs. So how is it then that he got burnt and lost it all overnight? Let's take a closer look at the intricacies.
First, let's take a closer look at just how big and interconnected FTX really was:
💰 44 Active investors deposit $1.8 Billion in just a year
💰 Celeb Ambassadors including actors such as Stephen Curry, Tom Brady and Naomi Osaka
...hopefully we've learnt our lesson about trusting actors on crypto with Matt Damon on BTC and Ashton Kutcher with his XRP endorsement right before major crashes.... no?
💰 FTX has a combined value of $40 Billion in 2022
💰 FTX sponsors Mercedes in F1
💰 FTX sponsors Major League Baseball, FTX printed on all shirts (guess who's getting a new wardrobe...)
💰 Fortune Magazine Face - "Next Warren Buffet"
After the SEC forced shutdown in 2018 of crypto exchange broker 1Broker, many crypto moguls decided to take their companies elsewhere. This is also true for Sam, who decided to open FTX in Hong Kong later moving to Bahamas, away from the restrictions and regulations of the US. Binance followed a similar path, later moving it's company from China to Cayman Islands. SBF continues to keep favor with the US as he makes large contributions to Joe Biden's campaign, over $11 million. He reportedly spent over $47 million supporting democratic political campaigns. SBF networking progresses and he often testified to congress about how crypto regulations should proceed, even though he moves his business to the Bahamas (not the US). He positions himself as the voice of reasoning for the future of crypto regulations. During 2021, SBF reaches the peak of his wealth and fame. He nd 9 other youngsters are leading the FTX empire from the penthouse in the Bahamas.
Some say he became overconfident, others say he was sloppy. It seems as though the start of his downfall was due to Rival, CZ from Binance. Back in 2019, CZ hinted on Twitter that SBF was involved in an attempted attack on Binance futures platform. CZ later drives down the price of FTT by publicly stating their exit from FTX after "certain revelations came to light". SBF responds with a tweet "you won, well played".
When the bear market arrives late 2021, SBF is portrayed as a saint as he "invests hundreds of millions" in companies such as BlockFi, Voyager and Celcius whilst they face liquidity problems. A research report from September 2022, reveals a different story. He, infact, invest miniscule amounts or even nothing at all to help these companies! But this article does not make headlines, yet. Then a whistle blower breaks the news - Alameda Research uses $10 billion of customers FTX funds to make a risky investment, which is totally illegal. This is the complete opposite of the terms and conditions on his website as well as the opposite of what he said to Congress during his talks about how regulations should be. This is where the saying "not your keys, not your crytpo" shines. Crypto users and SBF fans are heart broken... How could he??
The final blow: Recently, continuous rivalry on crypto twitter between CZ and SBF fuels the price drops on FTT as CZ claims to sell all remaining tokens. Alameda Research (one of the 9) jumps in and claims to "buy back" whatever CZ has left to sell. But then, another stroke of bad luck - the balance sheets of Alameda Research leaks. As it turns out, they have NO liquidity, especially not enough to make any FTX buyback. And so, overnight, the price drops a whopping 89% and there goes most of SBF's wealth.
Final Thoughts...
If you're smart enough, have the right support structures and a great PR team, you can grow your fortune with fake virtue signaling. Infact, many philanthropes ( unlike Jeff Bezos 's ex wife whom you probably don't even know about ) will only donate when the camera's are on. They also ensure that they are highlighted as kind hearted saints by the media. They do whatever it takes to hide all the corruption and money laundering behind the scenes. SBF was portrayed as the humble, young billionaire face op crypto, and everyone wanted him in their corner due to his trading brilliance and profitable partnerships. Sometimes, however, when the bad deeds start outweighing the good ones exponentially, it becomes increasingly hard to hide the true events from the public .It has, somehow, come to light that instead of being a humble and charitable public servant, SBF was the leader of a group of kids living the highlife in a penthouse in the Bahamas. Misusing funds for corruption and illegal activities including but not limited to money laundering. And so came the fall of Sam Bankman Fried. His downfall involves deception, illegal activities, large political contributions and the misuse of customer funds. It is noteworthy that most of his wealth was in FTT, native crypto to FTX decentralized exchange (DEX) .
💭...This is no uncommon thing. Many people do the same illegal stuff, probably even on a larger scale but somehow, SBF got burnt. You can't help but wonder... Who Fried Sam Bankman ?
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CryptoCheck
2022 SOL dump vs 2021 ETH dumpETH 2021 COVID Dump
vs
SOL 2022 FTX Dump
Watching this potential #fractal:
1) 60% down move with 5x+ normal volume (Capitulation Volume) and Bullish Divergence.
2) Descending Triangle formation.
3) Breakout of Descending Triangle + Mark-Up (?)
Key for this fractal is $12 needs to hold and need volume expansion out of this LTF downtrend.
#SOL
- @CryptoCurb
Would Look To Enter This JanuaryJust messing around. If I had to make predictions I would say we could see BTC trading around 10-12K (JANUARY 2023) then 33-37K (JANUARY 2024) and then 125-135k (January 2025). Purely speculation but I wouldnt be surprised if it played out this way.
Not financial advice
Thanks for viewing my post!
The TRICKY SPY won again...Ahhhh the good ole 4th-wave everyone loves. Many were calling for a push down and grabbing puts.. congrats to those that sold in the morning... but for many retail traders they think that initial push down for the day will last... then they are now in the loss. Everything is still in play with these fib levels, I like the bounce we have put in so far. Lets see if it will continue.
🔥NEXT CARDANO MOVE BY +40%🚀🔥 Hi friends! Seems lika Cardano as many other altcoins show the weakness. A lot of things depends on BTC mood, especially on the bear market. If you are beginner and it's first your bear market, you should learn carefully what I said in previous and upcoming ideas.
✅ A lot of people can confuse their trading skills to the bull market, but the bear market clearly give you the undertanding of trading and force you to open eyes widly.
📊 THE MAIN PRECONDITIONS TO OPEN A LONG:
🔥 squeeze to the trednline
🔥 local manipulations by the whales: spike, sl collections, false breakout of $0.31 key level
🔥 bullish BTC
🚩 Just take a look on the volume indicator. The buyers were liquidated after the previous liquidations of sellers. This PUMP-DUMP works perfectly for the whales.
I use DOM and Footrpint to track such manipulations on the chart and open the treades with the whales in time. Very useful indicators that can increase your winrate by 25-35%.
✅ THE TARGETS FOR CARDANO:
1. $0.38 - the key level
2. $0.40-0.41 - the value area
3. $0.44 - the ley level and local high
Traders, don't forget about booking the profit by parts. Trading is about making money and not about close your trade at loss or breakeven.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
High risk short trade (Bitcoin)High risk short trade here , bearish continuation pattern , target of a breakdown of this triangle would be 13.8k.
Volume declining rapidly.
1.618 Time Fib hits in 3hours and 15mins from this TA , that's 5pm UTC +1.
13.8k target is a interesting number because it is infact the 618 level from the last cycle .
Which could drop down to his zone.
There many confluence areas and angles to draw this support line really , lets see what happens a close under this triangle would signal to the move.
Monday DXY will pump in response to FTX and crypto market woesthis is what I think... big money rests this weekend letting what all info will shake out...
there is bullish divergence in many charts, but to me, the only one it currently makes sense under is DXY
not sure what it looks like, but the next wave down of crypto market cap will serve DXY..
even with rates increasing at a slower rate, this broader movement downwards likely only a correction before heading back up anyways..
BTC Covid Crash vs FTX CrashPublishing to track this possible Bitcoin fractal.
BTC COVID Crash
vs
BTC FTX Crash
$16k needs to hold for fractal to stay active.
Most bottoms form on big players getting wiped out, huge volume capitulation candles. Both instances had volume over 3-4x normal volume at the bottom.
We all know what happened after this last $BTC dump to $4k on COVID lockdown news.
BTC BTCUSD Bitcoin BitcoinUSD
-@CryptoCurb