Get started

HTF

TESLA sold $936 million dollars worth of BTC, End of the rally?NASDAQ:TSLA reportedly sold $936 million dollars, 75% of their BINANCE:BTCUSDT Position. What does this mean for the Crypto market... It's still too early to tell if this news will be the catalyst that sends BTC back down, however here are some key levels to watch. BTC has taken support after rejecting from a strong supply level on the daily timeframe which was found back in December of 2020. BTC has returned to our recent supply level which is now acting as demand. This level at 22,550 is very important in the fact that it has market a change of character or trend for the previous impulses. Candles opening below this level is quite bearish. Now it is still very likely we rise from here, BTC still looks healthy sitting above this demand zone, I'm just analyzing the downside after the recent news. A break through the resistance at 24,300 would indicate a continuation of this rally and I'm still bullish as long as we stay above the levels I previously stated.
by MarketMoversLLC
114
Has Bitcoin turned BULLISH? Here are some Key breakout levels...BTC has broken out of the down trend it has followed from 48k to 17.6k that I discussed in my previous idea which I'll link below. Though we have broken out the channel, how do we confirm a bullish sentiment for Bitcoin? Refer to the CHoCH(Change of character) which marks a confirmed change of trend. Here are the key levels needed for me to feel confident in a Bitcoin bull rally. Confirmed breakout price-23,400 Check this recent Idea linked below to understand Bitcoins down trend and market structure Also a clear return to the channel would be a quiet bearish sign for me...
by MarketMoversLLC
1
It's too early to be Bullish on BitcoinAs I put aside all news and prior catalyst and focus purely on the Price Action of Bitcoin, my analysis shows that BTC has not yet confirmed a Bullish sentiment. BTC still has not broken out of the channel it has followed from 48k to it's recent low up 17.7k, with that being said I need to see a break of structure to the upside to feel confident taking any potential longs on the HTF. Please refer to the chart below for a better understanding of the Market Structure that has taken place during Bitcoins downtrend. As you can see, BTC has continued to follow this channel and follow the cycle of Accumulation and Expansion/Distribution The power of three(Accumulation,Manipulation,Distribution) can also be used to map out these large areas of accumulation for lower timeframe trades. If you're interested in learning such I've published an Idea on ADA with the same principles I used to Catch a BTC long from 19.3k-21k I am very aware and up to date of our current market sentiment, I understand we have seen some bullish news and signs of a relief bounce on the S&P 500. Along with the fact that we have had a lot of volume for a crypto weekend, and we could very well have a positive week, I am just demonstrating the fact that BTC still hasn't confirmed a reversal to protect fellow traders.
by MarketMoversLLC
2
Standard chartered HTF. Bulls are back in town.Afternoon chaps and chapettes, we are looking at STAN forming a multi-year descending wedge, if we break out we should see some nice upside. RSI has worked its way out of resistance from circa 2007. Will go into more detail zoomed into the daily. UK banks have the lowest exposure to Russia comparable to the rest of Europe, Standard chartered has no direct meaningful exposure which is of course very positive. Most of Standard Chartered exposure comes from Asia which means interest rate hikes will be lesser impactful on income due to Asia generally cutting rates. Targeting 8-10% growth up from 5-7%. $750mln buy back program initiated at the last earnings report.
LSE:STANLong
by Chopstick_Charlie
BTC might see 50k levels in near futureI know it's been pretty dull for BTC lately but I see possibility of 50k levels to come soon, confirmation of strong bull trend will be when bottom indicator moves above 0 or yellow line. One reason for above observation is that lately price action has been compressed and I feel its an indication of big player interest area, do not be surprised if current levels are avg price for the most big players when the price ends up really going to 50k I can't speak on time required for this but I estimate at least 4-5 months.
COINBASE:BTCUSDLong
by Pratik_4Clover
BITCOIN HTF OUTLOOK (BEARMARKET)Here come my thoughts on the Bitcoin situation at a macro scale. 3 deviations (65k, 67k, 69k) to bait longs and tap liquidity in the market. We are clearly in a bear market on the HTF and I don't expect it to be over any time soon. Many sucker rallies happening but don't forget that these easily fade quickly in a bear market. Since the beginning of 2022 Bitcoin has been trading in a range that looks like a redistribution range, again 2 deviations might be going for a third and final deviation in this range before finally seeing 30k's. Obviously order book showing lots of buy orders resting at 30k, there is no doubt we go below here to get everyone to exit their positions. This is where you will see the "bear market has started" news which was happening already before their eyes. Now reasons as to why I'm calling 24-20k bottom: CME Gap on Bitcoin futures Daily and weekly demand zones 20k would be a retest of the old ATH from late 2017 that never got backtested I want to entertain the idea that 2021 was the beginning of a big accumulation range/structure as we have been trading in a range on the HTF. If that is truly the case we have yet to see the "super cycle" everyone is talking about which will be something we truly have not seen before. Do with this information as you will! NOT FINANCIAL ADVICE [
COINBASE:BTCUSDShort
by SpaceBlobb
4