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🤖 #BTCLIVE - 20.09 🤖🤖 #BTCLIVE - 20.09 🤖 TLDR: Short-Term (-1 Day) 30:70- Bullish:Bearish Mid-Term (1 Week+) 65:35 Bullish:Bearish Long-Term (1 Month+) 70:30 - Bullish:Bearish OVERVIEW: There are a lot of bullish metrics popping up - although the majority of this weeks movement is going to be dictated by the interest rates on Weds. Is it going to be 75 or is it going to be 100. Ultimately 75 would be deemed somewhat bullish. 100 will absolutely sink the market - 50 would send it potentially to the moon although that is EXTREMELY unlikely, so don't get your hopes up. From a completely TA point of view there is quite a lot of the bullish sentiment gearing up for quite a big pump - this coupled with a high expectation of 82% 75 would suggest that a bullish close to the week is on the cards. Expecting a slight bearish close to the day leading into tomorrow with approx target of 18.7k where we could potentially see it hold and consolidate (most likely) and bounce from there to approx. $19.8 (The bottom of the weekly pivot) We are back below the 200EMA which has been a significant resistance although I do have a fair bit of conviction in the Inverse H/S. Losing the support at $18.7k could see a bit of a free fall to $18.2k and depending on the bearish volume taking out the support and buys then on to $17.6k although I think this will indicate some potential inside information about the interest rates being leaked. There fore shorting would not be bad idea up on losing $18.7k. TECHNICAL ANALYSIS: BULLISH FACTORS: + TD8 formed on the daily + Strong daily candle rejection + Approaching bottom of descending wedge on the Weekly + On Macro trendline support on the Weekly + Unconfirmed Divergence on the Weekly Support + Contrarian Reversal on the Weekly + Bullish Divergence on the Daily + Very bullish weekly pivot at 19.8k to 20.5k + Loose bullish H/S pattern in play + Strong buy orders at 18.8k + ABCD Harmonic on the 5min + Entering Oversold on the 1hr + Currently holding the future pivot support + Descending broadening wedge BEARISH FACTORS: - Bearish Daily POC at $18.4k - Broken Local support at $19.2k - Bearish Divergence on the 5min - Trading under the key DEMA's NEWS: Bull: + 75 BPS expected for Wednesday announcement which is not positive but "relatively" good for BTC + NASDAQ announced plans for a for bitcoin custody + Ripple Says XRP Owners Have no Rights or Contract So Token is Not A Security cryptopanic.com + #Binance has been granted a Minimal Viable Product license in Dubai. + CFTC commissioner visits Ripple offices as decision in SEC case looms cryptopanic.com Bear: - MicroStrategy has purchased an additional 301 #Bitcoin ($5.7 million). (Always causes market to dump) - Wintermute Loses $160M in Latest DeFi Hack cryptopanic.com - The Search For Do Kwon Intensifies As South Korean Prosecutors Ask Interpol To Issue Red Notice Against The Terraform Labs - SEC claims all Ethereum transactions fall under US jurisdiction because the nodes are "clustered more de… t.co - Indian crypto exchange CoinDCX's Twitter account has been hacked to post $XRP scam links. - Crypto promoter Ian Balina labels SEC charge ‘frivolous’, turns down settlement cryptopanic.com MARKET SENTIMENT: Fear & Greed Index - Sep 20, 2022: Today: 23 (Extreme Fear) Yesterday: 21 (Extreme Fear) Avg. 1W: 24 😱 Avg. 2W: 25 😱 Avg. 1M: 25 😱 Avg. 2M: 30 😱 Avg. 3M: 26 😱 Avg. 6M: 24 😱 Avg. 1Y: 32 😣 🔸 #Bitcoin Price: $19,549 24h Low: $18,421 24h High: $19,612 MC Change: $1.9B (0.5%) Dominance: 38.0% 24h: 0.6% 7d: -10.1% 14d: -2.2% 30d: -6.7% 60d: -16.1% 200d: -55.6% 1y: -59.5%
INDEX:BTCUSD
by Kryptochristian
Deeper Network DPR CryptoDeeper Network DPR Crypto got a bump up to the next higher resistance line thanks to Bitcoins BTC little bump but made a -25% down. It is sliding down and barley holding on top of the resistance line. But over all the Crypto Coin has dropped from the top 400 altcoins to the top 700 alt coins. This is mainly because Deeper has changed the direction they are going in upsetting there miners and investors and loosing support from there community. The crypto is currently in the toilet because it has dropped below .02cents the pre sale crypto buy in before it hit the market and because it has dropped so far down in the alt coin position. The coin will continue to fall until BTC stabilizes and all of the invests get there payback which maybe a rocky road for the next year. The new CEO has not reestablished confidence back into this project, Bearish News: Deeper Network is not a Decentralized Platform but a Centralized Platform, They currently use the Polkadot Blockchain Governance Platform which if working 100% is not technically decentralized as per it's maker Gavin Woods. But Deeper Network has a hidden backdown open to by pass all approvals for programing which would other wise need to be approved by who ever holds the most DPR basically at the end of the day. Deeper Network has locked themselves into the Prime Voter spot; kick out the Tech committee; and has full control of the Society members. At any point in time they can take you DPR out of your wallet if they want thru programing codes that are still open............. Bearish News: AMA on Twitter 8/18/2022 it was announced that on Dec. 1, 2022 all the original 2000 Genesis Node Miners on Ter8 will go from mining 1,153 DPR per day (when the price was around $15cents) to mine 65 DPR per day with the price now .02cents. All current DPR staking will be given back over 3 months from Dec 2022 to March 2023. Deeper will now only accept USDC as staking now and as currently for all future aspects of the company moving forward. After this new broke the mining community was in an uproar. So they changed it tobe a halving first (Which means you will earn the lowest rewards percentage of all the mining, then they will kick everyone out and drop the staking amount by 80% less. This is to force every one to add more Nodes onto the system to try to get a similar return. But because the miners were lied to, it is not likely the existing miners will purchase more equipment from Deeper. But just to keep what they have. The miners will likely hold there DPR untill it at least gets to .05cents or higher. At the moment Deeper wants to Mine about 3,500,000 Deeper Chain DPR per day which would equal to about 43DPR per Node if it was maxed out with 80,000 nodes. (New AMA in October 2022 to explain new changes again) Bearish News: Aug. 5 & 6, 2022 Deeper Network has turned down an invitation to showcase at Sir Richard Branson’s Block Chain Summit on Necker Island at the Neckerverse Showcase for a chance to pitch to the Virgin Impact team and other global heavyweight investors. The reason from Deeper Network "Cheryl, Russell and I ( Eric ) seriously considered attending the gathering but decided it was best to focus on exchange listings, research & development, and new product deadlines instead." This is the worst mistake they could of made during this bearish time period. Bearish News: Possible Token Crash Starting around September 6, 2022 thru the next 6 months, investors getting Deeper ERC-20 DPR returned to them who bought in at .006cents to .02cents. There was 2Billion token allocated to sell but they only advertise 1Billion being sold. DPR given out already to the investors that crashed the coin the first time (estimated 40% investment returned already), there is an estimated amount of 2 to 4 Million DPR being released each day to their investors for the next 6 months starting in September 2022 thru March 2023. I foresee another massive upset that Deeper Network will hush the investors by kicking people out of there Deeper Network community social groups when people complain and get upset like what happened when they lock up the investors DPR the first time without paying them back as was promised in their smart contract that had a hidden back door in the smart contract to reprogram it and to lock back up again. This is a lack of trust that I don’t think Deeper Network will every out live. This is the finial contract agreement after being changed multiple times with out permission from the investors. -Crypto Whale Information: See the Whale news on my channel for their Wallet address & Location, as you can track for yourself who is a true supporter and who is a dumper…… (AMA said Whales are allowed in the project now) - Deeper Chain Community Governance - Currently being controlled directly by Deeper Network, not by the Community but thru a back door in the program (Verified on AMA) I don't foresee them giving the governance to the community within the next year or so because they like to be able to have fully control without have to wait for voting approvals, because the programing is far from being perfect.............. - 7 Validator Nodes on Deeper Chain, 7 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes on the Governance with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU; 4th 5Fug4ra4oJaCZQzUZ5C5vNaWBHUujKwGgu5NmZtcDwXMtsCp ; 5th 5Fe7kQ2kunvxDzd1f1AFUuLDPnd8uzqrbgQ4Q4zLHNeC82xD ; 6th 5CaViidoJL9qL22pvdVfpGkaE34kH7cH79rTemVGpUqddaaZ ; 7th 5F95SXGB5dj6TpcKzPGZRCXMsoBLcgg7nmhZxSC5sHCHdDx7 ; Deeper has said they will burn the DPR from the 7 Validators but the miners do not know if they can trust Deeper Network to keeping there word and if it will be 100% Burn or just 1% like everything else........ Founder & Head of the Society Governance Platform Wallet Address: 5GViXCfq22KUdWYK9E6bFZXYJWY7v4EVKJz3mgn6vGGPU1iT this is a Genesis Gold Ter 8 out of the United Kingdom. This wallet seems to be programed to dump coins after there mined across the bridge to sell on and exchange. We will be following this wallet, stay tuned for updates................... -Deeper Chain DPR Crypto Burn Wallet #1: (Warning this is a subject Deeper does not like to talk about) There has not been a routine burn setup yet promised by Deeper to fight inflation . The only burning is est 21DPR perday equivalent to about .80cents per day!!! from the Validator transactions which they are calling a “Routine Burning or Every Gas Fee”. The old burning was every 7 days and burnt all the treasury wallet. Then they slowed it down to every 24 Days thru the Treasury and to burn only about 1% now. There is credit burning set up for the miners, which is false advertisement because they only burn 1% of the money paid to buy credit to increase mining rewards. The rest of the money is added to the treasury wallet for Deeper to pay their DEVs instead. Waiting for Deeper Network to provide Burn Wallet Address for all three Blockchains so the community can monitor what they are being told. Talking about this subject will get you band and removed from Deeper Network Social media accounts so be aware………… Deeper Network has responded to my concern about this saying "that 1% of the treasury wallet is burned each day" but I don't believe that's what happens, I believe that only 1% of each transaction that is transferred to the Treasury wallet is then sent into the burn wallet only during the transaction process, not that 1% of the treasury wallet total is burned. So once the funds go into the Treasury wallet once the 1% has been taken out, the remaining funds are no longer programed to be burned. (...to be determined) At the moment it is unknown how to see a total burn amount from this wallet but you can see how much DPR will be burned in the next 7 day burn period. -Deeper Chain DPR Crypto Burn Wallet #2: Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity. - Deeper Token ECR-20 Blockchain Ethereum Burn Wallet Address - Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity. - Deeper Token BSC Binance Smart Chain Burn Wallet Address - Deeper Network has not provided the wallet address, nothing would be in the wallet address that i would be aware of if it exist yet - Deeper Chain Treasury Wallet Address: This is how Deeper Network makes income from internal network transactions 5EYCAe5ijiYfyeZ2JJCGq56LmPyNRAKzpG4QkoQkkQNB5e6Z (At the moment this is funded by the left over Validator Transactions & Burn DPR for Credit Score Increase, ect. 1% of Transactions going into the wallet are Burned every 24 days, this is confirmed by looking at the programing on Github Deeper-Chain; Actions; Branches; modify treasury burnning rate - Polkadot Parachain for Deeper Chain – not yet, no future plans at the moment (Verified by Polkadot Support) -10 Billion DPR Total: 6 Billion DPR will be mined within 25years (Verified on AMA); & 4 Billion DPR Belong to Deeper & Investors -Location of Deeper Network servers where VPN data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown (As per Deeper User Policy to have to agree to Logs are kept by them internally), Privacy Policy VPN info shows data is kept by Deeper Network, time period kept unknown. Do not know why Deeper Network is not Transparent with this information like other VPN providers. And or what will be there main goal with this data kept. - Deeper Network VPN / DPN equipment concerns: They say they do not keep logs of records of your internet access BUT!!!!! When you login to the device for the first time it makes you approve there two privacy agreements first. Terms and Condition of Use agreement under point Prohibited and restricted uses point #25 say : “We shall have the right… to monitor User Content”; The second agreement you must approve is the Deeper Network Privacy Policy under Data we Collect says “We may receive access to basic personal information from your social network accounts should you register or sign onto such services using Deeper Network Products or Services” (Why in the world is Deeper trying to collect your personal information?????????, also would they not also be able to see your banking information then...), then under section Data Retention it says “We will keep records containing personal data….. as maybe required by applicable laws (So then which governments laws are you under because there are countries that require no data collected) at the end of the day Deeper Network is not a Decentralized VPN because your data is collected in Deeper Networks Servers and Deeper Does not allow the Miners with the Exit Nodes for the VPN service to erase the VPN data on there own devices, even if their country allows for no logs to be collected. Will Deeper Network change their policy’s to be in harmony with what they told their community of NO LOGS/DATA KEEP BY DEEPER and ONLY DATA COLLECTED ON EACH EXIT NODE, apparently, they changed their minds…… Pico - At the moment the Pico is only good for mining with a Staked credit score, if the Pico has its own Public IP and is connected for months without being disconnected it will currently not get 10mb of traffic each day to get an increased organic credit score as an exit node, the network currently will choose a faster path out thru a Mini instead. So the Pico at the moment is not a good mining device if that's what you bought it for organically. This has been confirmed. Update: It seems like they are trying to fix this issue. If the device to left on for an extended amount of time it will work on the block chain but will not allow for personal internet access. -Company Info: -Deeper Network INC of the Marshal Islands (no office location there currently) Crypto Currency company that was set up as a shell company, filed on March 8, 2019 Entity number 100333 (Legal system mixed legal system of US and English common law, customary law, and local statutes; International law organization participation accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction) -Deeper Network Inc of Delaware USA (no office location in Delaware currently) Software Developer/ VPN / DPN , Entity 201816910575 6/14/2018, EIN Tax ID# 841835438, State ID 04799167 This is the company that controls everything. -Location Of Head Quartiers Office (5200 Great America Pkwy, Santa Clara , California, 95054) : The main temp office rental location no longer exists that is advertised and on Entity Documents, the location is currently enmity and abandoned, supposedly working remotely from home and out of a shipping warehouse since the past two years+ or longer, unable to verify from the last trip to California. No new permanent office location currently that I am aware of that has been verified. Even from there past video of this office location you can tell it was just a temp location as if it was like one of those rent a cubical to work at temporary location. (A lot of people have come and gone from the head ranks or moved DOWN to different positions within the company, High Turnover Rate, not sure if currently accurate) Chief Executive Officer: Mao Liu ( aka also known as Michael Liu); China / California (Runs another Company in California Fam Capital which is not registered in the State of California to work in the State) Chief Technology Officer: Hui Liu ( aka also known as Russell Liu); San Jose, California, USA Chief Operations Officer: Xiaoshuai Liu ( aka also known as Cheryl Liu); Maple Ridge, British Columbia, Canada Chief Marketing Officer: Position Open, last person quite and moved on............... Contracts: Chao Ma Secretary/Chief Financial Officer: Xiaoshuai Liu ( aka also known as Cheryl Liu); Maple Ridge, British Columbia, Canada Corporate Officer: Adam Wolfe Lei Chang; Saratoga, California Chief Branding Officer: Yinan S. Software Developer: Arturo Jimenez Product manager: Kain Xu Deeper Network if you feel any of this information is inaccurate please reach out to me and provide me proof showing something different and I will update it on my next post. Information is gathered thru the Miner Community Chats.
by C-J_
CAUTION TODAYPLEASE NOTE THIS IS FOR ENTERTAINMENT PURPOSES ONLY. PLEASE DO NOT COPY MY CHART ANALYSIS DO YOUR OWN ANALYSIS FIRST Quadruple Witching day for future trading 16/09/2022 (note this is for the stockmarket but will still effect crypto). Very volatile day today I expect a FAKE PUMP as we had a massive pullback to liquidate some short positions and then liquidate the long positions after. Nice buy orders at the $19200 which will be new support. Play safe guys if you are not experienced do not trade in this time. I do it for fun and entertainment.
by Serbbandit
2
🤖 #BTCLIVE - 14.09 🤖🤖 #BTCLIVE - 14.09 🤖 TLDR: Short-Term (-1 Day) 55:45- Bullish:Bearish Mid-Term (1 Week+) 30:70 Bullish:Bearish Long-Term (1 Month+) 70:30 - Bullish:Bearish OVERVIEW: We told you...respsect the Weekly Pivots and CME Gaps. They got filled - and price came to a sudden support, this is not a coincidence. Although now we are here it looks like there is going to be consolidation until the announcements begin from the fed kicking off at 1.30pm UK time. This will likely give a directional bias to the market and coming out of this bearish pennant. We might see some relief bounce here if it is neutral to bullish i.e below 75 BPS. There is a case that even if 75 does come in that this may already be dialled in and expected so a resulting pump could occur anything higher then we can expect further dumpage. On a macro level a rejection here can put us on a trajectory to $16k region now to play out this descending wedge on the weekly. The bullish scenario is sub 75 BPS and breaking up on the bearish pennant to $20.8k where will hit first resistance and then a push up or major rejection here - either to 21.2k region or heavily down to sub 20k. The bearish scenario will be a little more brutal if the BPS comes out bad - and will be a likely free fall again to 19.5k region with potential dead cat bounce and then further drop to 19k. TECHNICAL ANALYSIS: BULLISH FACTORS: + Bullish Descending wedge on the Weekly + Oversold on the Weekly + Reversal signal on the Weekly + Filled CME Gap and Weekly Pivots + Bullish Future Pivot becoming valid + Breakout from midterm descending wedge and retest on macro support on the daily +Very Bullish Daily POC (too bullish imo) + Oversold on hourly BEARISH FACTORS: -Rejected from Macro Trendline Resistance on the Weekly for the descending wedge with the bottom being potentially 16k if it plays out - Flipped pretty much all key EMA and DEMA's - Bearish Pennant in play - unconfirmed direction - Trading under a key resistance of $20.5k NEWS: Bull: + Russian international crypto payment to begin 2023 + #Bitcoin hash rate reaches new high AGAIN! + Investment giants’ Fidelity, Charles Schwab and Citadel crypto exchange goes live cryptopanic.com + Bahrain central bank set to test Bitcoin payment processing solution cryptopanic.com Bear: - PPI m/m (Expected to affect market) - Core PPI m/m - CFTC Chair Behnam Speaks (Likely to be mentions of Crypto) - Sept 15: $ETH merge expected sell off - Sept 16: Mt. Gox Claims Deadline - Sept 21: FOMC rate hike decision - #Bitcoin mining difficulty reaches 32.05 trillion, a new all time high. - Odds of 100bps interest rate hike hits 48%. - President Biden says "it’ll take more time and resolve to bring inflation down." MARKET SENTIMENT: Fear & Greed Index - Sep 14, 2022: Today: 27 (Fear) Yesterday: 34 (Fear) Avg. 1W: 26 😱 Avg. 2W: 24 😱 Avg. 1M: 27 😱 Avg. 2M: 30 😱 Avg. 3M: 25 😱 Avg. 6M: 24 😱 Avg. 1Y: 32 😣 🔸 #Bitcoin Price: $20,171 24h Low: $20,071 24h High: $22,654 MC Change: -$40.9B (-9.6%) Dominance: 37.5% 24h: -9.7% 7d: 1.9% 14d: -0.7% 30d: -17.4% 60d: -2.0% 200d: -47.4% 1y: -56.3%
INDEX:BTCUSD
by Kryptochristian
1
Bitcoin Day Trade Setups, Swing Trade Entry🖥️ We have determined there is a 70% chance Bitcoin will Rise from our current entry point. 📉 LONG - BTC : $20,265📉 💵 Length of trade: we are expecting BTC to hit a $1,000 scalp, with a high end of $1,750, and a minimum expectation of $500. 🕰️ Duration of trade: we are expecting a possibility of the Min. Profit Target being hit with a fast spike under 4.5 hours. Then we see a Swing Trade duration leading to next Monday. We are seeing if the fear subsides, and we found a near term base
Long
by VirlVideo
3
XAUUSD Inflation data making the move todayInflation was released today. The inflation has decreased to 8,3%, however the price of goods are increasing and is higher than before, with 6,3%. Don't forget tomorrow we have PPIndex to be release tomorrow. About the chart: We can see the first resistance at Fibo 23,6%, and this show us a strong resistance for the next hours. We calso have a triangle that had already been crossed when the inflation was released. The BB Line is opening what means we have a large volatility and with EMA above basis line from BB and with a descent trajectory The MACD also have a good resitance and support already crossed as we can see. We think the next support that could be crossed is the 1692.699, making the perfect Fibo pattern until the next data released
OANDA:XAUUSDShort
by AFCapital21
1
🤖 #BTCLIVE - 13.09 🤖🤖 #BTCLIVE - 13.09 🤖 TLDR: Short-Term (-1 Day) 50:50- Bullish:Bearish Mid-Term (1 Week+) 35:65 Bullish:Bearish Long-Term (1 Month+) 90:10 - Bullish:Bearish OVERVIEW: Bitcoin showing strength although some big bear flags showing up with the ascending wedge, bearish weekly pivot and CME gap that have a high chance always of getting filled usually in the short term too. Additionally we are coming up to the Macro trendline resistance on the weekly which is going to be a huge marker if we breakout as it has been in place since November 2021. It is a likely a very large amount of volume is going to require to break out. This is possible depending on the CPI data that drops which is potential assumed to be bullish. This could help break out - although there is a lot of bearish factors weighing against it for at least a small retrace. Losing $22.2k would likely see a continuation down to the CME gap and weekly pivot regions with a top of $21.5k and a painful scenario at $20.2k. A bullish scenario would need to breakout above $23k for a good confirmation then it can pump as high as $25k. HOWEVER with all the news that is coming out this month with the merge, MT.Gox and multiple items in the economic calendar volatility is going to be high TECHNICAL ANALYSIS: BULLISH FACTORS: + Bullish Descending wedge on the Weekly + Oversold on the Weekly + Reversal signal on the Weekly + Hidden Divergence on the 1hr + Potential breakout incoming of the macro descending wedge BEARISH FACTORS: - Bearish untested Weekly Pivot and CME Gap as low as $20.2k up to $21.5k - Challenging Macro Trendline Resistance on the Weekly - Hitting key 22.6k resistance - Crossing down on HullMA - Rising wedge NEWS: Bull: + CPI data expected to be slightly positive + Fidelity rumoured to be shifting their retail customers in to Crypto soon + Russia's Prime Minister asks regulators to finalize regulations for cross-border #crypto payments. + Chamber Of Digital Commerce Calls Out The SEC, Argues The US Needs A Bitcoin ETF cryptopanic.com + Google Adds Ethereum (ETH) Merge Countdown Feature as Worldwide Interest Skyrockets cryptopanic.com Bear: - Sept 13: CPI data - Sept 15: $ETH merge expected sell off - Sept 16: Mt. Gox Claims Deadline - Sept 21: FOMC rate hike decision - Sept 22: $ADA Vasil Hardfork - New White House Report Suggests A Ban On Bitcoin Mining In The U.S. cryptopanic.com MARKET SENTIMENT: Fear & Greed Index - Sep 13, 2022: Today: 34 (Fear) Yesterday: 25 (Extreme Fear) Avg. 1W: 26 😱 Avg. 2W: 24 😱 Avg. 1M: 27 😱 Avg. 2M: 30 😱 Avg. 3M: 25 😱 Avg. 6M: 24 😱 Avg. 1Y: 32 😣 🔸 #Bitcoin Price: $22,336 24h Low: $21,578 24h High: $22,448 MC Change: $11.4B (2.7%) Dominance: 38.5% 24h: 2.7% 7d: 11.8% 14d: 13.6% 30d: -8.5% 60d: 10.4% 200d: -40.2% 1y: -50.6%
INDEX:BTCUSD
by Kryptochristian
The News Just Serves To ConfuseI have been a trader for a very long time, so listen as I spit some facts. News is worse than a distraction, it ACTIVELY inhibits you from making good decisions. You have TradingView at your fingertips and it contains all the information you need, in a package so advanced it's frightening. STICK TO PRICE ACTION! I will say this again at the end. I am 100% certain that I only started to be successful after I stopped DIRECTIONAL trading based on news. Of course, I know the broad mass of what's going on in the markets and which news events may have an effect. I haven't stopped listening to and reading the news, but I HAVE started to see it all differently. You can see from the chart that all the recent "Shock News" has no real impact unless you are a day trader. rate decision, statements, unemployment, blah blah.... I am not saying that news is not important, I'm saying that you need to translate it and to be aware of why it is written. This probably sounds like a weird thing to say, but hear me out. Do a memory check with me. When was the last time that the news was all positive about bitcoin? Answer: At the top and on the way down, when the big boys were selling it to naïve retail (like you, probably). Now we are at the bottom, all the news is negative on BTC. I wonder why? (HINT: They want you to panic out so they can buy.) There are three possible reasons for this. 1. The writers are dumb. They are part of the retail crowd themselves and are therefore subject to the same impulses, fears and hopes. They get carried away when things are pumping, and drop into despair when the markets plunge. 2. The whole industry is driven by the big firms, who obviously want to make as much money as they can. Retail traders are, on average, so bad at trading that brokers don't even put their trades into the market, preferring to risk taking the other side themselves. 75% of retail traders lose money. 90% of retail traders will lose 90% of their first trading account in the first 90 days. If I were a broker I would take the other side of those odds, thanks. All I have to do now is make people trade as much as possible. I get commission, and I probably get their stake as well. How to make people trade as much as possible? PUMP OUT NEWS THAT TRIGGERS TRADING. 3. A combination of 1 and 2. The financial industry, from megabanks through to news services, gurus and brokers, is set up to excite people about trading as much as possible. There is constant pressure to provide reasons why oil rose 5% or SP500 dropped 8% etc etc, and even on slow weeks the sheer amount of stories that are published is mind-blowing. The writers are unlikely to be traders themselves, and they just pump out stories based on what happened yesterday and what MIGHT happen today. It is all designed as a massive call to action that is constant, and traders just like you open (and close) positions based on "market analyst" pieces written by economists and professional analysts employed by the brokers. Are you beginning to see how it all fits together? The industry LOVES a day trader most of all, because they lose their stake the fastest, so day trading is promoted as exciting. After all, it IS exciting. Trading gives you a buzz. It's addictive, possibly more so than gambling. It is gambling after all, only slightly different, and if you trade like a gambler, you lose in the end. So, how do I look at news? 1. If trading short-timeframe, I am aware of figures that are due this week, and avoid holding a position coming up to an announcement, and for a while afterwards. 2. If trading medium- to long-term, I remember that the non-farm payrolls may move the market a few percent sometimes, but when you zoom out you can barely see the effect. As a result most of my trading is swing trading. 3. I regard it as a reverse indicator if anything. It never ceases to amaze me when I am thinking about taking a long in, say, Gold, and then an email hits my inbox containing a bearish Gold story. I don't think I am becoming QAnon but I do think these stories can easily be planted by the big players. What journalist doesn't want to write a story after they interview some "master of the universe" trader from GS or JPM or wherever. Or maybe the boss says "write a Gold story today", so they call up their contact who trades it for a bank. Same effect. The banks are in buy mode, and they need retail to sell it to them. If this sounds like I think the whole thing is a colossal rigged casino, then I am getting my point across. News is just a part of the effort to separate you from your cash, but it's doing a great job. So, what to do? 1. Trade on Price Action only. 2. Be aware of news in case it affects a trade you may place or one that you have on, 3. Understand that nearly all news is designed to make you panic in or out of a trade, and regard it VERY cynically. It can be hard to remain calm in the face of a negative headline, but that's what a good pro trader will do. Currently I am long BTC, despite huge negative headlines. Once again, repeat after me: You have TradingView at your fingertips and it contains all the information you need, in a package so advanced it's frightening. STICK TO PRICE ACTION!
UEducation
by Paul_Varcoe
120
🤖 #BTCLIVE - 08.09 🤖🤖 #BTCLIVE - 08.09 🤖 TLDR: Short-Term (-1 Day) 30:70- Bullish:Bearish Mid-Term (1 Week+) 40:60 Bullish:Bearish Long-Term (1 Month+) 90:10 - Bullish:Bearish OVERVIEW: After a massive breakdown of market structure we have finally made the suggested $18.8k potential bottom. Things are not looking particularly bullish though and with Jerome Powells talking in the coming hours the market really could go anywhere. Likelihood is that it will go down a little further as we are slightly more bearish on the technical analysis side of things with a potential descending triangle forming if we break down on this pennant structure (which is technically bullish on the short term timeframe) although with bearish divergences and general bearish sentiment I am not holding much hope for it. If we break down out of this pennant and below $19k then I would have a conservative stop at $18.5k to find support with a bounce there. Breaking up and retesting the support trendline/$19k could see a break up to and retest of $20k quite quickly. Incredibly volatile at the moment so watch out with trades. TECHNICAL ANALYSIS: BULLISH FACTORS: + Bullish Divergence on the 1D + Bullish Descending wedge on the 1D & Weekly + Oversold on the Weekly & Daily + Reversal signal on the Weekly + Holding Daily Trendline with an upper trendline of $21k target BEARISH FACTORS: - Bearish Divergence in play - Rejection from key resistance - Bearish Gartley on the 5min - Macro Bear Trendline resistance - 1hr Trendline Resistance NEWS: Bull: + Russian Central Bank & Finance Ministry agree to legalize cryptocurrency use for cross-border payments + Saudi Arabia's central bank has appointed cryptocurrency chief to advance digital goals. + Iran is now licensing #Bitcoin miners under new regulatory framework. + The ETH merge has begun, deposits and withdrawals being held + Switzerland’s SEBA Bank Launches Ethereum Staking Services for Institutional Clients Bear: - POWELL IS SPEAKING TODAY! - Sept 13: CPI data - Sept 15: $ETH merge expected sell off - Sept 16: Mt. Gox Claims Deadline - Sept 21: FOMC rate hike decision - Sept 22: $ADA Vasil Hardfork - Voyager To Liquidate Assets at Auction cryptopanic.com - Coinbase, FTX, Binance and other exchanges fall under SEC jurisdiction, says SEC Chair - IMF Executives Call for Global Crypto Regulatory Regime To Keep Consumers Safe MARKET SENTIMENT: Fear & Greed Index - Sep 08, 2022: Today: 20 (Extreme Fear) Yesterday: 24 (Extreme Fear) Avg. 1W: 22 😱 Avg. 2W: 24 😱 Avg. 1M: 30 😱 Avg. 2M: 29 😱 Avg. 3M: 24 😱 Avg. 6M: 24 😱 Avg. 1Y: 33 😣 🔸 #Bitcoin Price: $19,281 24h Low: $18,644 24h High: $19,479 MC Change: $8.1B (2.3%) Dominance: 36.1% 24h: 2.3% 7d: -2.6% 14d: -10.6% 30d: -16.9% 60d: -11.8% 200d: -51.9% 1y: -63.4%
INDEX:BTCUSD
by Kryptochristian
⛔️EURUSD important UPDATE before big news release!!Please see related ideas for better context, everything else is in the video. But in short - we will have a lot of manipulative moves during the next two days. See why in the video. 👋 Disclaimer: All ideas here are for educational purposes only, not financial advice. Your trades are yours only, and your complete responsibility. I'm not particularly bullish or bearish on any given instrument, and I don't have a "fixed" bias. I'm just following the strategy I learned from my teachers and that's all. We can have completely different views on the market and still both make profits. Everything here should be treated as a simulation. 👉I believe a trader doesn't need to predict anything, so the "right or wrong" mentality is a fundamental flaw of any beginner. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live. He's right only when he executes the system, and he's wrong only when he's taking random setups. 🚀Thanks for your BOOSTS and support🚀 💬Send your comments and questions below, and share your ideas and charts, I'll be glad to talk to you💬
by Yelli_trades
10
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 65% chance Bitcoin will Rise from our current entry point. 📉 LONG - BTC : $19,870📉 💵 Length of trade: we are expecting BTC to hit a 200 scalp, with a high end of 300, and a minimum expectation of $175. 🕰️ Duration of trade: we are expecting this to occur in 4.5 hours of this signal; having a possibility of the Min. Profit Target being hit with a fast spike under 1.5 hours. Then we see a maximum duration of 9 hours .
Long
by VirlVideo
🤖 #BTCLIVE - 06.09 🤖🤖 #BTCLIVE - 06.09 🤖 TLDR: Short-Term (-1 Day) 50:50- Bullish:Bearish Mid-Term (1 Week+) 40:60 Bullish:Bearish Long-Term (1 Month+) 80:20 - Bullish:Bearish OVERVIEW: There is a huge amount of potential volatility on the horizon with the ETH merge now beginning along with Binance now remove USDC etc. not particularly bearish there but can still lead to FUD. Finally there is a could amount of unpredictability with FED announcements mid September. Lastly the deadline to Mt.Gox claims end on the 16th Sept. which is essentially the confirmation that "this is happening". At the same time with such items as Russia and Iran allowing for Crypto payments along with oil declining which is always a good thing for investments. Technically we are still within this symmetrical triangle consolidation with the lower end lining up at about $19.75k a break down there would not be particularly good news for bears although $19.5k would still be the critical support for much lower targets to hold - with again the targets being around $18.8k here. There is a potential head and shoulders in play that can head down to as low as $19.5k. The bullish scenario is looking better on the long term (Daily) with currently holding the lower trendline and additionally there is a descending wedge that we are technically breaking out of although not with a confident volume behind it and an upper trendline target of $21k although from a shorter term perspective we would need to invalidate the head and shoulders pattern first at $20k which can target $20.2k although the key confirmation is to break out of this symmetrical triangle first. TECHNICAL ANALYSIS: BULLISH FACTORS: + Bullish Divergence on the 1D + Bullish Descending wedge on the 1D + Oversold on the Weekly + Reversal signal on the Weekly + Wave Dip signal on the daily + Bullish Weekly Pivot + Holding Daily Trendline with an upper trendline of $21k target + Holding a key area of support + Flipped 20 and 50EMA + Flipped 2 key resistances + Breaking out of the descending wedge on the daily + Bullish pennant on the 5min BEARISH FACTORS: - Potential H/S pattern in play - need to break $20.1k to invalidate - Prime Pullback Signal - Rejected again from 200 EMA - Bearish Broadening wedge on the 5min NEWS: Bull: + Russian Central Bank & Finance Ministry agree to legalize cryptocurrency use for cross-border payments + Saudi Arabia's central bank has appointed cryptocurrency chief to advance digital goals. + Iran is now licensing #Bitcoin miners under new regulatory framework. + The ETH merge has begun, deposits and withdrawals being held + Singapore’s largest bank, DBS, aims to expand #Bitcoin and crypto services to 300,000 new clients. + Crude oil decline may fuel #Bitcoin recovery - Bloomberg Intelligence Bear: - Sept 13: CPI data - Sept 15: $ETH merge expected sell off - Sept 16: Mt. Gox Claims Deadline - Sept 21: FOMC rate hike decision - Sept 22: $ADA Vasil Hardfork - stocks.apple.com Russia cuts off gas exports to Europe via Nord Stream indefinitely - Powell to talk on Thursday - The ETH merge has begun, deposits and withdrawals being held - Netflix has banned #Bitcoin and crypto related commercials on its new ad-supported subscription - Binance Will ‘Auto-Convert’ $USDC, $USDP, $TUSD to $BUSD From September 29 MARKET SENTIMENT: Fear & Greed Index - Sep 06, 2022: Today: 22 (Extreme Fear) Yesterday: 23 (Extreme Fear) Avg. 1W: 22 😱 Avg. 2W: 24 😱 Avg. 1M: 31 😣 Avg. 2M: 29 😱 Avg. 3M: 24 😱 Avg. 6M: 24 😱 Avg. 1Y: 33 😣 🔸 #Bitcoin Price: $19,775 24h Low: $19,657 24h High: $19,992 MC Change: -$3.7B (-1.0%) Dominance: 36.8% 24h: -1.1% 7d: -2.6% 14d: -7.5% 30d: -14.0% 60d: -8.7% 200d: -51.2% 1y: -61.7%
INDEX:BTCUSD
by Kryptochristian