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BTC Market Update 7th January As BTC gears up for a significant shift, historical trends suggest a liquidity migration from altcoins to BTC. Yesterday's data and a thorough BTC scenario analysis lean towards a 'buy the news' stance, supported by bullish indicators in recent days: 📉 Open Interest (OI) Wipeout. 💥 Liquidation clusters favoring shorts, driving momentum. 💰 Tether printing resumes (significantly bullish). 📊 Bitfinex and Coinbase leading the tape, indicating bullish trends. Flow indicators amplify the positive outlook: 📈 BITO's exposure hits an ATH of 41,000 BTC, with futures-based ETFs seeing a 310% increase in Volatility Share since October. 📊 CME's annualized basis remains above 10%, potentially decreasing post-ETF approvals due to BITO holders shifting exposure and possible redemptions. Anticipating upcoming news, a surge in BTC may break through short clusters, pushing the price to 48k, possibly extending to 50k. However, profit-taking and the need for new narratives could trigger a retraction until the halving. Post-approval, analysts estimate a one-week timeline for the ETF launch. Trade Ideas for the Next Move: 📈 Spot ETH ETF Trade: Long ETH/BTC (following the BTC playbook). 🔄 If BTC dominance rises, consider rotating into altcoins during BTC consolidation. Stay tuned for updates as the crypto landscape unfolds! 🚀💹 #Bitcoin #CryptoAnalysis #ETF #TradingStrategies #CryptoMarkets
by TheArabianWhale
Potential for Reversal - Needs ConfirmationA week ago I posted a Bearish Idea for AMZN - the initial target hit. I sentan update going into earnings for shorts to be cautious, here is the updated chart: - Above 126 is near term bullish. Needs confirmation with a break above 129 by 11/3 (needs to break above solid green line in chart) - If we get confirmation, initial upside target is 134 by 11/10/2023 - If initial target is reached then the goal target will be 140 by 11/27/2023 ** If we see rejection in the 126-129 range, and get confirmation with break below dashed blue channel, then the bearish path to 114-116 (from previous post) will resume.
NASDAQ:AMZN
by JerryManders
BTCUSD Weekly UpdateWe need to break above 44-46 to go higher. ● Below 40K we nuke to 38 and potentially flush to 34K. ● Whales are de-risking here, they are still net-long but potentially sell the news event. ● Alts going up where BTC is ranging is not healthy. ● If BTC goes down, Alts could nuke, so make sure to take profits on Alts because there is a good chance they go lower. As mentioned I am cautious about January but bullish 2024 Crypto. So remember markets can experience strong flushes in bull markets and your alts can go 50% down in a day. Welcome to the last cycle, good luck.
by TheArabianWhale
AMPG Intermediate Term view (Log Scale)Bearish intermediate term trend continuation confirmed. Bearish Break of Structure with Weekly candle closure under $1.62. Expecting a short term pullback after filling all internal range liquidity from Jun 22' - Jul '23. In addition, external range liquidity under $1.62 has been sweeped (Long Stops to close have been squeezed, Bearish open sell stop orders trapped for the moment). Let's see if shorts get squeezed before a new bearish continuation leg. We have tapped into Weekly BISI (Buy side Imbalance Sell side Inefficiency/FairValue Gap) so passive buyer's limit orders are coming in while simultaneously coliding against key structural support. The problem is; the company is subject to keep burning cash unless they decrease R&D (and the market will keep discounting this), the deterioration of fundamentals against a strong Q3 22' and the macroeconomic backdrop are all headwinds. There is an unmitigated monthly Pivot demand zone @$1.26 & a Weekly bullish gap fill @$1.08 + Monthly Open price from Oct2020 (The month the bullish breakout began 3 years ago). I still believe in this company and it's long term goals. I think such a deep transformation to the business model takes time to show it's full impact. We are on track, even after stumbling Q3 and quite possibly Q4 aswell. The market is fullfiling long term expectations.
NASDAQ:AMPG
by ilbarrutia
1
WILL BTC BE ABLE TO CONTINUE THIS BULLISH RALLY? In the higher timeframe, Bitcoin (BTC) is currently encountering two significant resistance levels that it must surpass for a more bullish movement to materialize. Why is it so strong? it's a 446-day resistance In the daily time frame "After each significant or sudden movement, Bitcoin has exhibited a tendency to consolidate sideways." here we can see a bearish divergence in RSI also So what do you expect? LET'S HAVE A LOOK AT THE SHORTER TIME FRAME In the shorter time frame, Bitcoin (BTC) has broken out of this bullish pennant pattern and is currently in the process of retesting it. According to the technical pattern analysis, we can anticipate a potential bounce of approximately 15% to 17% from the current level. LET'S HOPE THIS IS NOT BEAR TRAP This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Short
by CRYPTOMOJO_TA
7
✅ UPDATE 5: Whaley Breadth SignPostThis is update 5 for the Signpost after the Whaley Breadth idea post in Feb'23 If you remember The Whaley Breadth Trust is a powerful signal that has a great success rate. It was invented by Wayne Whaley in 2009. Since 1970 to 2009, the signal has occurred only 12 times! 🛠️ INDICATOR For my followers, I even made a special indicator for the Whaley Breadth here: 🆕 UPDATE We are seeing constructive action from the SP500 and we can see that we are catching up with the 6month mark on the +17% from the bottom. This is very encouraging as the signal projects up to +28% as per the January Trifecta (look to my older notes to understand more). We are however running in some seasonal dormant period and it will be interesting how we are going to make the H2 2023.
SP:SPXLong
by TintinTrading
🟨 UPDATE 4: Whaley Breadth SignPostThis is update 4 for the Signpost after the Whaley Breadth idea post in Feb'23 If you remember The Whaley Breadth Trust is a powerful signal that has a great success rate. It was invented by Wayne Whaley in 2009. Since 1970 to 2009, the signal has occured only 12 times! Based on the Whaley Breadth Post and January Trifecta we drew a potential map for the next 3, 6 and 12 months. For my followers, I even made a special indicator for the Whaley Breadth here: UPDATING: We have had a strong rally up since our last update in May28. This has brought us very close to our signposts, but of course some of the deadlines have been missed. This is to say that we are moving in the right direction as per the historical indications but slower than the averages that I have used. Make sure you check my previous posts about the Whaley Thrust as how they are developing.
SP:SPXLong
by TintinTrading
2
Bitcoin update 16.03.2023Hi, the plan is still the same goals 28-32.5 But there's a little problem here, you see banks going bankrupt, I called it BankFalls, and on that sentiment inexperienced people are now trying to move into a deflationary instrument, bitcoin. We are in the last already close to the last stage of this mini cycle ( logistic curve) when people will scream that bitcoin is the only salvation in anticipation of a potential world crisis. In fact it is not. it will be very difficult to find an instrument that will not fall if a financial crisis happens, everything will fall, but something will recover faster Most likely when most people panic they will go into the 25-32 range. According to propagation theory, this will be the final stage of this mini-bull-run or sub-cycle. I would like us to reach the middle channel line and then go to 28-32.5 - then stay there for 2-3 weeks and then go down Best regards EXCAVO
by EXCAVO
15
CARDANO's movement in Coming Days!!!🤑The ADAUSDT Broken the Falling Wedge Pattern. 🌟 Bullish signals in the PRZ area are: - Support zone - Pivot S1 weekly - Falling Wedge Pattern - Bullish SAR dots ❗and the Upward signals of market momentum are: - Divergence in MACD ✅The price has been able to break this pattern upwardly. This means the price will be flying for now and we shall expect it to reach even higher levels. ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles , this analysis of ours will be failed. 🤑The rich invest in time, the poor invest in money. 🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹 ✅Warren Buffett ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. ⏮️Previous Analysis: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
8