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Bitcoin Struggles with the $20K'sBitcoin has stabilized in the low $20K's, seemingly unfazed by dollar strength and a bearish stock market. We have been testing $20.7K, but green triangles on the KRI are confirming support. We are seeing little buying interest and cannot even muster the strength to test the next level at $22.4K. In particular, $21.6K seems to be a barrier for now. If we break down, there is a vacuum zone below to $18.6K. If we can rally, we have to break $22.4K before considering higher levels.
BITSTAMP:BTCUSDShort
by quantguy
1
BTC - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart BTC is overall bullish trading inside the green channel. and it is currently sitting around the lower bound / green trendline. Moreover, the red zone is a resistance turned support. Thus, we will be looking for trend-following buy setups on lower timeframes. on H1: Right Chart BTC formed a double bottom pattern but it is not ready to go yet. Trigger => For the bulls to take over, we need a momentum candle close above the gray neckline. Meanwhile, until the buy is activated, BTC can still trade lower inside the red support or even break it downward. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
41
Bitcoin Clings to the $20K'sBitcoin has found support at $20.7K, confirmed by multiple green triangles on the KRI, despite an increase in the strength of the US dollar. The Kovach OBV is still bearish however, and if support caves, we will return to the value area between $18.6K and $20.7K. If we are able to pivot then the next target is $23.9K. But we are seeing strong resistance in between $20.1K and $23.9K, at around $21.6K, which must be broken before considering higher levels.
BITSTAMP:BTCUSDShort
by quantguy
These Factors Will Weigh on Bitcoin This Week...Strength in the US dollar and more hawkish Fed outlook has impacted the crypto market. Bitcoin has plummeted from relative highs around $25K back to support at $20.7K. We are currently seeing strong support at this level confirmed by green triangles on the KRI. But we are unable to muster the strength for a pivot at this time. If we do, then $23.9K is the next target. If support around $20K fails, then we will enter the value area between $18.6K and $20.7K again.
BITSTAMP:BTCUSDShort
by quantguy
BITCOIN - Green vs Blue! Who Will Win?Many of you asked me to analyze BTC "log" monthly chart, so here we go :D From a long-term perspective, BTC is overall bullish trading inside our two (green and blue) channels. We are in a correction phase, but the question is, till when / where? 📌 We have got two main key rejection zones: 1- Blue Team * Blue Trendline acting as a non-horizontal support ** Blue 50 Moving Average 2- Green Team * Green Trendline acting as a non-horizontal support ** Green horizontal support 📌 I also highlighted two more confluences that might help us feel the chart even more: 1- Previous corrections lining up with the Green Team 2- Fast MACD, that would show us the shift in momentum as it happens like the previous correction / orange arc. Will the Blue Team be strong enough to push BTC from here? Or will BTC defeat the Blue Team to finally find rejection around the Green Team? Of course, we will need to zoom in to lower timeframes and wait for the bulls to take over by breaking above the last Weekly/Daily major high. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSDLong
by TheSignalyst
17
EURJPY INVERTED HEAD AND SHOULDER BREAKPair: EURJPY Timeframe: 4H, 1H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, inverted head and shoulders ————— Key Takeaway: Seen a break of resistance, head and shoulders pattern for more confirmation, just need a push through high volume and round number level ————— Level needed: need a close by 137.555 ————— Trade: Long RISK:REWARD 1:5 SL: 44 TP: 230 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Long
by TheGoldRoom
2
Two Reasons Why Bitcoin PlummetedBitcoin has plummeted, likely due to a stronger dollar, and hawkish Fed expectations. Wednesday's Retail Sales data demonstrated the impact of high inflation, and the probability of another 75bps rate hike is about 50%. We smashed through $22.4K, and are hovering in the range between $20.7K and $22.4K. The Kovach OBV took a very sharp turn down, and we will see if momentum will continue, or if we can hold current levels. We are seeing some greent triangles on the KRI which could indicate a pivot, but we will need more momentum to follow through.
BITSTAMP:BTCUSDShort
by quantguy
4
Bitcoin Breaks SupportBitcoin has broken down through support at $23.9K. We have been teasing this level for a while now, and finally broke through. We anticipated lower prices, as several attempts at higher prices, including $25.1K have failed swiftly. We are currently in the vacuum zone above $22.4K. The Kovach OBV has slumped, indicating that momentum has petered out for now. We need some buyers to return to the table before anything significant happens. If so, $23.9K and $25.1K should provide steep resistance. From below $22.4K should provide support.
BITSTAMP:BTCUSDShort
by quantguy
ETH Plan for upcoming weekIf everything holds this is my Ethereum next week. Already entered the one and it was published privately cause not certain my bearish bat was accurate. Not used to using those tools. Either way it worked out and if things continue and everything remains stable I plan on something like the trade here, Of course I adjust my trade as it gets closer to time and more data is available but this looks like a good possibility for now. I used other charting software to map this trade that has a market maker matrix that shows me where true supply and demand is at and much more. This was close to what I had on that software. This is a rough idea at this point and not using leverage at all so there is a loose stop loss. Personally I won't use one as I see 860 as a low point and will accumulate ETH anyway. That's just me though. If you don't want to hold through the loss the use a SL just in case. This is still a bear market and could remind us at anytime. Yesterday they burned 2.57M ETH Reference EIP-1559 for details. Merge still coming sometime in the future create anticipation and other emotions by the sounds of it. This is just a rough idea and subject to change. I planned on picking up ETH around there anyway all the way to 1440, 1240, 1060, 960, 860. 720, 570, 420 but doubt anything under the 860 will get hit. I also believe we will see 2K+ first. As always not financial advise just me offering possible scenario's based on what I see on my different charts. I can do traditional TA but TA is just a tool and not an exact science. I try to find new and innovative ways to look at markets and trade them while creating new systems I use for my main trades. Many of these trades will fail but the ones that succeed should be good profits. I typically only use a suggested SL on a CFD leveraged trade. Especially during an accumulation phase If you chose to try them then make sure you understand that. Also DYOR because I do my best but my time is limited at the moment. It's take a lot to convert these trades over from my software to TV and from range to a different type of candle other the BARS. So getting the times right is a challenge for me as range charts use ticks not time based. Hopei it helps someone even if it's what's not to do... Feel free to learn from my mistakes to avoid them yourself. There is also a Volume Footprint in the front of the chart but is hard to see on high time frames. It's also very limited.
Long
by Z3R0-G3N3S1S
1
Bitcoin Clings to SupportBitcoin is back to support after an attempt at a rally got batted down at $25.1K. We saw another brief attempt that could not even make it past $24.4K before immediately retracing back to support. The level $23.9K appears to be holding, the failed attempts at higher levels could be a bearish sign. The Kovach OBV is roughly level, but does appear to be increasing slightly. If we do see a rally, $25.1K is the level to break before considering higher levels. If support gives out then $22.4K is the next target.
BITSTAMP:BTCUSD
by quantguy
Detailed analysis of price behavior of ETH during previous forksHello dear readers! ETH 2.0 - hard fork of Ethereum that will improve scalability multiple times by switching from PoW (Proof of Work) to PoS (Proof of Stake) Scheduled on september 19 . Only a month left. As ETH 2.0 approaches and everyone is buying Ethereum, question is opened - How much will we grow and for how long should we Hodl? The goal of this post is to provide you with answers to this question by analyzing price action during previous hard forks. Lets go! DAO The DAO fork was in response to the 2016 DAO attack where an insecure DAO contract was drained of over 3.6 million ETH in a hack. Price grew 30% in 3 days, afterwards dropping -50%. Nevertheless, if you would be a crypto believer at that time and wouldn't sell your tokens, in a year from a 10000$ you could have made up to 335000$ Byzanthium This forked allowed layer 2 scaling and reduced block mining rewards from 5 ETH to 3 ETH Price dropped 20% in the first week but overall rose by 430% in just 4 months. Holders were happy. Constantinople This fork: • Ensured the blockchain didn't freeze before proof-of-stake was implemented. • Optimised the gas cost of certain actions in the EVM. • Added the ability to interact with addresses that haven't been created yet Price dropped almost by 10% in 5 days after launch, but if you wouldn't get scared you would earn 180% profit in 5 months as a holder. Istanbul Basically, a lot of scaling and security improvements. Price dropped by 20% in 10 days, weak hands sold. Afterwards price rallied 95% in 2 months. In 9 months it rose 220% 🔥 Do you see a pattern? Beacon Chain genesis • Introduced staking on ETH chain • Successfully started producing new blocks on Beacon chain. One step closer to ETH vision and PoS. Price dropped 15% in first 10 days, afterwards it rallied 650% in 6 months. Conclusion By looking at all those examples we can see a pattern: 1. Price dropps 7-10 days after Fork 2. Then it rises minimum 2 months and sometimes longer giving us profit of at least 100%. Hope this information was useful to you. If it was, drop a like and a comment so I will write such time-consuming educational posts in the future. 📄🖌 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself 😊
BINANCE:ETHUSDLong
by Artem_Dishel
4
Can Bitcoin Break $25K??Bitcoin surged past our resistance level at $23.9K. We came very close to our next target at $25.1K, before retracing back to support at $23.9K. Now that the markets feel that the Fed will start to soften their hawkish stance, markets have the green light to rally. But it has been slow and steady for Bitcoin. The level $25.1K remains an upper bound, and the target to break before reaching higher levels. If $23.9K fails to provide support, then there is a vacuum zone below to $22.4K.
BITSTAMP:BTCUSDLong
by quantguy
SAND - Think Outside The SANDbox!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. SAND rejected a strong demand zone and round number 1.0 so we will be looking for buy setups on lower timeframes. on DAILY: SAND formed a valid inverse head and shoulders but it is not ready to go yet. For the bulls to take over, we need a momentum daily candle close above the gray neckline and red trendline. 🎯Targets => Our first resistance / target would be around 2.65 so I will be monitoring price action there. If we break it upward (purple projection) then a movement till 4.7 would be expected. Meanwhile, until the buy is activated, SAND can still trade lower inside the demand zone. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:SANDUSDLong
by TheSignalyst
29
Bitcoin Dips Deeper into the $20K'sBitcoin has rallied to highs at $23.9K and immediately retraced to support just above our level at $22.4K, which we predicted here. That highs at $23.9K is a formidable one, and was expected to provide strong resistance. If we break through it, then $25.1K is the next target, but it will take a lot of momentum. We don't expect much action before the CPI print this morning at 8:30AM EST, as the markets are watching this for a gauge on inflation. If we continue to selloff, then the $20K's should provide support, specifically at $20.7K.
BITSTAMP:BTCUSD
by quantguy