BTC 1 hr TF possible rangesHere is my idea on BTC, could play out? It has broken out and retested the main white downtrend line. The new red line is the downward retest line it has to now break.
At the first range i saw a head and shoulders that brought BTC down to retest, Its now in the retest range but i have spotted an inverse head and shoulders in this range, so a break out to the range above is plausable. If it does then maybe a bigger inverse head and shoulders could play out. It would get BTC back up to the Value Area High.
TA
Whats next for VET? CONGRATS with you GAINZ!First of all congrats with your profit on VET BINANCE:VETUSDT . You made 25% (spot trading) if you followed my previous Long call. Check my last post to take a look.
Ok. Whats the deal at this moment? We still have some room left for a upwards movement and this is why:
- VET is in a bullish trend. Check the blue trend line.
- We're moving towards the daily 200 MA.
- We broke the 50 and 100 MA.
- Breaking the 200 MA and the path is clear towards the brown resistance box.
- There is still a decent volume.
But why do you have to be careful?:
- We see a bearish divergence.
- Breaking the trendline means we're in for a (small) correction.
- The brown box is the next resistance zone.
- The 200 MA could give resistance.
Happy trading!!
#TSLA Big Heads have big Shoulders. The weekly chart on #tsla has formed a massive head and shoulders. you see the high volume enter the left shoulder, then the depreciation in volume another smaller volume but higher price making the head, and the lowest volume right shouler, followed but some nice volume.
*can bulls hold? it is a musk company, tis the season and all. But this big head here does not look Bueno! good luck traders, im looking for low volume in premarket sustained after open, and possible long put. no entrys or exits because ill be observing as data comes in.
CADJPY 4Month Macro ViewGood Evening Everyone,
Please watch the entire video to understand my break down and thesis.
As always trade safe set stops set takes and make sure you are always using appropriate risk for your RR.
Happy Trading + Safe Trading = Profits
I'll get back to posting more frequently if we can give this video some love!!!! Cheers
Bitcoin MTF TAHere is my multi time frame technical analysis chart for Bitcoin.
Goal is cut off the noise and to show key trendlines and support/resistance prices.
We can clearly see that the market is currently bear with a descending triangle on the higher TFs.
After breaking the important 5 months 18 500$ support, price is now inside a range between 16 000$ and 17 500$.
Price is currently retesting that 16 000$ support
Look for an entry on the lower time frames
BTC (BNC) 1D - Are we seeing lower lows before Trendreversal?Bitcoin is rallying since couple of days and making all Bulls extremely happy, yet, we need to pay attention of possible downtrends or invalided patterns for a bullish scenario.
The falling wedge (purple) is playing out so far. Adding FIBA from the local high (5. NOV - Start FTX Saga) we see that level of -0.618 are reasonable.
For now we are looking at Fiba level 0.5 that coincides with the falling wedge and a Reversal Point (blue). Eventually we get higher to Fiba 0.618 as potential Bull trap and get all the way down before we rally.
At the level of 18,700$ for Bitcoin is a major liquidation level waiting to dumb the price. Another liquidation levels are at 15,500$ and 13,800$
Thanks for reading, commenting and sharing.
Nasdaq Fractal Blackswan Cycles 📈📉The average citizen lacks any real understanding of Central Banking all they know are uneducated talking point from 🐑 that have the same or less power over their lives & the system as a whole that gave rise 2 them at leverage while they are none the wiser they are referred to by the architects of the system as... 🤓👉 ( working class / human capital)
Scandals like Enron, Madoff, & now FTX are just bi-products of easy money policy that gives risk to excessive risk seeking behavior by the 🐑 which the FED understands most be corrected out of the system in order to maintain the 100 yr + trajectory they have done with the United States of America & ensure the survival of the livestock in the farm so the country has a stable to growing labor pool to remain an ongoing concern. There is a reason Steve Jobs didn't care what the peeps in the mailroom complained about and that is cuz its not their system and they have no idea how lucky they are to even be part of it 🧐
This cycle with FTX is just one more demonstration of just how much The Federal Reserve is the market & really knows what they are doing. As painful as the de-risking process the Fed puts the country through can be we can see on the macro that it is indeed a necessary evil to flush out back actors that form during easy 💰 policy cycles ♻️ & before they can grow even larger & more damaging to the system as a whole 🤓
Bear 🐻 markets end in mass graves 💀 so these events are 🔑 2 bringing aboutthe depression phase of the cycle & bottoming out the market before the Fed engineers new growth 📈 Patiently waiting for 2024 💡
REN Getting Slammed By Whales (Pump and Dump)Second crypto asset I've seen today get completely slammed with a pump and dump by the whales. Potential short if you managed to catch the pivots at the top that got wicked.
Let me know if you have any questions!
Bitcoin TA bottom in 2023If you draw a trendline between two cycle top whats next too each other and clone it to the cycle bottom that line will cross with the next cycle TA bottom. Fact thats line currently 25% under the bitcoin price and some banks and hedge founders predict to 2023 a 25-20% crypto and stock market crash.
Daily Bitcoin Update - Move lower as expected | ECB HawkishEvening all,
Full TA in the video as usual. Some notes:
- Bitcoin clinging on to the lower trendline of the rising wedge we have identified.
- Look for support levels on a breakdown - $16919 is an important level
- The breakdown measure move is around $16374
- If we do break down past $16919 look for a bearish retest and a possible short opportunity
- Daily Indicators - Stoch RSI, RSI and MAC D looking bearish. If the MAC D crosses down we could see some strong movement down from Bitcoin.
- Major stock markets are all down today - SPX, ES1 and Nasdaq (the ones that we follow)
- USDT dominance increasing suggesting that traders are moving back into USDT
- DXY also on the move after testing major support - if the DXY increases, Bitcoin generally decreases
- Keep an eye on your alt positions. With BTCD increasing and BTC decreasing - Alts are getting REKT.
Be patient and stick to your strategy!
Please hit the boost button if you like this update.
Back tomorrow.
Thanks
SIMON BPOI
ETH 4 HOUR 12/06/2022EXPLANATION ON CHART
Outlook for ETH heading into FOMC meeting
Expect some volatility leading into the FOMC meeting later this week, after the recent accumulation for both BTC and ETH there is definitely the possibility for a decent bear market rally.
jerome powell hinted at being slightly more doveish than hawkish in last weeks meeting.
Bitcorn toight like a tigerBTC toight like a tiger on the 4hr here
Downtrendline watch- orange
Also watch for the 4HR RSI trendlines breaks
bulls need to hold either the higher lows on 4HR
or
Hold the box support
For best followthru both RSI downtrendline and Price EQ to break at the same time!!!
EZ-PZ right?
Get ya stop loss in
BTCUSD Cost basis indicates current mid-pointBTCUSD cost basis indicates that potentially the downside target is just over USD 12k, with upside of the range currently around USD 24k.
This analysis's is based on 75% of BTC current supply (being around 80% of 21 million) can be traded and around 20% of that supply is more active than HODL or cold wallet volumes. Whether 60% or 75% numbers are used, the lower support line is still around the USD 12-14k mark.
Realised profits and loss calculations indicate that volume shifted in BTC has been due to storage and not profit/loss realisation and exit out of BTC.
The point being that a potential low is forming, but we are not quite there yet.
Bitcoin and cryptos - time to bail? too late? safe haven?This custom chart that I post periodically continues to have excellent TA.
Right now it's reflecting the volatility from recent crypto events, and less obviously but more importantly, that gold has bottomed.
The spike upwards is showing us where things are headed - bullish for precious metals compared to cryptos.
BTC *may* have found it's bottom (for now, though I see it headed lower still in 2023), regardless gold and especially silver will be bringing this ratio much much higher in the coming weeks, months, and years.
So if you really want to maximize your crypto gains (this is not financial advice), it might be prudent (and for some, counterintuitive) to pull out of crypto (no, it's not "too late") and dip in to something that CANNOT go to zero: precious metals.
But how you ask? There is a platform that does this reliably that I have done my own due diligence around (please do your own DD too), however trading view does not like me to tell you about it here. (Maybe check the comments ;)
Good luck out there everyone!
Is Ethereum forming this one pattern?Is it a triangle or head and shoulders? Or are we going to break bull or bear?
It's too early to tell,. It good to keep an eye on and make trade plans accordingly.
Which one is it going to be?
I reckon a triangle that breaks bull.
Find out on the next episode of dragon ball z
EOS Long in Daily, three targetHi, Here is the our analysis from EOSUSDT, so price hit the bottom at a major support level and bounced back,
so If we draw our next few resistance and at the same time we put FIB retracement we can see have the possibility of the price to hit 0.5.
at three different stage, First 1.15, next 1.30 & then 1.38- to1.40.