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Hopium

Are you fearful enough ? 😰 🦬 😰Hi everyone 👋🏽 🕊 Wish y'all have a profitable lifestyle 🍀 📌 BTCUSDT- Weekly Time Frame - Candlesticks 📌 Support zone - RSI Divergence - Ichimoku cloud - Fear 📍 BTCUSDT and all the cryptocurrency world may be seeing a bullish momentum in upcoming weeks due to the facts that: 1- We are in a very fearful situation and the index is in an extreme fear position 2- Ichimoku cloud or Span A has held the price from further crash 3- The 39560 price range is an extremely powerful price range which cannot be broken that easily 📍 There is a very famous and precise saying in trading : " Be fearful when others are greedy and be greedy when others are fearful " Personally I have experienced this saying like 3 times during all bitcoin sharp and brutal growth and crashes. 📍 We are in an extreme fearful situation and we can see a very bearish targets which is a sign for another bullish momentum 📍 From Technical analysis point of view: The span A is a very powerful support zone for the price , especially in bigger time frames like monthly and weekly. I think span a can held further crash in Bitcoin 📍 There is a very huge regular divergence which is also bullish in weekly time that can confirm that ⚠️ HOWEVER, nothing is 100% in this world and trading and charts are not an exception; if price manages to brutally break the SPAN A and the very important 39560 price range, we might get in a bearish momentum maybe in more than a year or so. ⚠️ The art of Technical analysis is to see the confirmations, facts, mathematics and possible further movement. ⚠️ It is easy to predict bearish targets in bearish market and bullish targets in a bullish market ✍🏼 You can see my TA which was publish 7th December 2021 just before the end of the year when everyone was giving +100k target EOY :)) ✍🏼 Or on 21st November 2021, when everyone was giving hopium and wished a very huge growth without any bullish confirmations: ✍🏼 19 October 2021 was actually a very important time range and a lot of people FOMO'ed and bought at 60k levels:
Long
by C_EWAVE13
2
Bitcoin Bullish Case Review w/ Volume ProfileNow that Elon & Jack had "the talk" and price jumped 6.5% as of writing, lets look at the charts and review the bullish case. I've first shared the volume profile analysis back in July 8th. At the time i published this analysis 134.000 or an extrapolated $18.76 Billion worth of Bitcoin was sold. Note that the number of Bitcoins are JUST Binance numbers. We multiply this by 4 as the market size of Binance is 25% As of today, right after Elon & Jack's "the talk" this number rose to 146.000 . Adding another 12.000 Bitcoin to the sell side! Yesterday this number was around 154.000, so just today 8.000 Bitcoin's were added to the buy side and that's it. That's the pump! Again, these figures are Binance only. So, when i compare 8.000 against 146.000, i cannot see any sign of strength other than manipulators wanting to sell you more Bitcoin using this event as hopium. Instead, you want to focus on perhaps the most important yet underrated event just happened yesterday as the break of 30k! You might say so what? Supports and resistances are meant to break, but this one was different. It was the low of May, a monthly low AND the low of the current trading range, which must not have been lost - at all costs! Composite Operator wants us to focus on the 6% price increase today, but they already took down 30k, ready to be slashed! I'm not a bear as a default, but i learned the hard way that these hopiums don't end well for me. That's why i stick with my analysis and the bullish case which will turn me bullish. So my bullish case is; 1- The grey area above is the overbought zone, it needs to be crossed 2- 37k stands as the sign of strength and needs to be reclaimed 3- 41.3k is the upper resistance of the current trading range, needs to be crossed When these conditions are met, i will consider being bullish, along with other parameters like volume. Since i have existed at 40k, i have no problem getting back in at 42k and i've stated this on many of my analysis. Todays price action was just noise and didn't even print anything on a p&f chart. What has printed on p&f was the break of 30k and that's the only data point i care about now. It's still pointing 14-16k. Yours faithfully. PS. I've added a free resource page in my signature so everyone who invests time, can learn technical analysis.
Short
by BitcoinMillio18
61
ADA/USDT 1D | Bull and Bear Price PatternsThis chart shows a longish bear pattern in the purple descending triangle. Which isn't much of a surprise because most crypto currency charts show this over the last 3 to 4 months. But the orange and white lines show what I think could be a bullish "W" reversal pattern. The $ETH chart shows something similar. Like one of my favorite YouTubers says "All models are wrong, some are useful". I think the purple triangle is just representing a mini bear market in this current bull market. I also think prices for the top smart contract blockchains aren't going to start really moving to the upside for another 6 to 8 weeks. And I'm hoping this "W" pattern is the start of that. I'm an amateur and this isn't financial advice. Good luck y'all.
Long
by BestMoonBoi1961
1
I don't usually hold losers but when I do... OOOF!Ah what a glorious day for the bears. After the FED meeting 2 days ago gold flash crashed. The price of gold saw its worst day since 2013. We all know what happened back then. High inflation and a collapsing civilization doesn't matter if the people with the money decided everything was just fine. Eventually reality catches up, but that can take time. I really have become the expert of sucker rallies. I called this one in an article, just 1 month ago "Gold nonsense copium rally". I did not know where the top would be exactly, and did not claim I knew, I lost with my June puts and am holding september expiring ones, the returns are underwhelming but I did not expect much, was testing out warrants. More recently when I saw gold violently dip, and retail buying the dip, I knew it was it. Then the price created a B wave, that was an entry signal. Maybe better to sell on the B wave rather than while the price is going up... Not like we are going to run out of fools to buy dips and into B waves. Originally my target I said was "at least $1800", doesn't sound that ambitious anymore. But now I think we bobos might get much more than that. Remember what happened in 2013 AND in 2008: s3.tradingview.com Here are a few potential reasons for the crash: - The FED promising some hikes (by 2023!) convinced nerds with plenty of diplomas but little common sense that "things were going back to normal" - The coronavirus declining, with vaccinated populations, convinced nerds that have been underperforming indices for decades of "back to normal" - Justin Trudeau, as judiciously as Gordon Brown, recently sold gold reserves to China as well as mines. Perhaps other countries are selling too? - Gold bagholders got sick of waiting for the apocalypse that never came, and missing out on S&P 500 95% gains. Regret got too big. And now gold keeps falling as bagholders that waited so long for nothing see the price come close to their break even. "Oh no! No way I missed out AND am going to lose money. I am getting out while I am in the green" Predictable puny hoomans. The US inflation is not going to go Weimar, but rather as I explained before, Romania. Even if the US goes the Weimar/Zimbabwe/Venezuela way, it will not happen in a few months. It will probably slowly creep up, with the people in charge making up excuses and claiming inflation is good. It might spike fast for a short time, but long after they started shooting the currency bazooka. They can export their inflation as long as there are fools accepting it, and these fools have money to waste. Gold is not the only thing going down. Really dumb investors in my opinion are buying the USD and selling everything. "It's ok we are going back to normal". Makes me crack up. The inflation is even going to get worse. Consumer goods manufacturers have not even raised their prices yet, and they said they soon would. So this dumb money is betting that in the next 2 years the USD will strengthen? Or that it won't weaken too much so it's ok to hold some, it's "safe"? Great laughs. The fundamentals are the same, and selling should just be short term. But how short? Gold might reverse now! Make a bottom, or v shape. I'm even wondering if I should buy. If it drops below say $1700 then the dip is more than some very short term panic. If the price of gold were to drop that low I would be a bear for a while. Right now... Might be worth a quick buy actually, with a $50 stop. Maybe risky. Crazy.
TVC:GOLD
by MrRenev
4
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
Short
by cryptodonovan
1
Inverse H&S On Lower TF & Support @ 47kBTC may probabilistically show strength over the weekend as there's an Inverse Head and Shoulders Pattern forming. I think *mild* upside is possible, with a few more days of sideways action before the next leg up. The fact that $BTC is holding up so well during a large sell off in the equity markets, shows the strength this asset class has during these uncertain times. The sell off in the equity market is a reaction to Jerome Powell's talk and rising interest rates on the horizon, which is bad for those seeking returns in the equity markets. Quite the curve-ball for stocks. As you can see, the bollinger band basis (which is also the 21 EMA) is acting as resistance here. BTC needs to get above this. As with trading, everything is just *probabilities* and we do our best with the data we have to determine the direction of an asset. Upside Targets would be: 52k 54k 58k 62k-63k If support fails to hold: 44k 42k 40k
BITSTAMP:BTCUSD
by TheTraderAndy
9
BTC chart art ... the most beautiful chart in the world ...Lets with a coffee and a fresh shot of hopium .. another perspective on the BTC USD chart ... wonderful as always you can see the WHITE vwap line is below the wave cluster ... in other words I am " feeling " or leaning towards a bullish narrative for the future of price action ... BTC just chilling out riding out the last of the bearish selling pressure before waking up and taking its next leg up ... who knows when it will be but I like what i see Thank you @ author JorisDuyck for creating and publishing this fantastic indicator ... after playing with it for a few weeks I wanted to put my own spin on it ... legit mint script this guy knows whats up :) !!! Sideways Price Action in my personal view is bullish Price Action ... For the foreseeable future ... My personal Bias is currently Leaning slightly to the upside However, that could and will change if and when Price Action starts to close below $8900 USD The Usual Disclaimer: I am just having fun This is not financial advice I am not your financial adviser I am publishing my chart for personal historic archival Purposes Trading or speculation is extremely risky Bitcoin is extremely volatile Never invest more than you are willing to loose Always do your own research the market is not your friend it is like riding a bucking bull always looking to buck you out of your position :) BTC Quotes : BTC the Truth Machine BTC the electro Dollar BTC Rules without Rulers BTC code is free speech BTC might be our only shot at separating money and the state BTC magic internet money BTC not your keys not your coin BTC like having a Swiss bank that can fit in your pocket BTC personal financial sovereignty BTC the cat is out of the bag BTC digital Gold BTC the price action and its story can be found in observing the lows not the highs BTC banking the unbanked BTC do what you want when you want however you want BTC a system not based on debt while also being outside of the current financial system BTC the native currency of the internet BTC live 24 hours a day 7 days a week 365 days of the year Plan B quotes - 46M millionaires in the world, only 21M BTC - can't use gold or $ in space or Mars, need something else - nobody can freeze account or block transactions - 0% interest rate is better than a negative interest rate” if you have any BTC quotes please share them with me in the comments below :) I would like to show my appreciation to: WyckoffMode, BitFink, Joris Duyck, LonesomeTheBlue, 100kiwi, Bigits0, LazyBear, xSilas, Ni6HTH4wK, leifcr, Alex Orekhov, Alexgrover, midtownsk8rguy, Anupam Dutta, Franklin Moormann(cheatcountry), shayankm, TORYS, for all creating such fantastic awesome public scripts and publications as well as many more I have forgotten to list ...
BITSTAMP:BTCUSDLong
by iamthree
2