XBTUSD
btc 7-7 update ~good afternoon o/
~
and just like that, with the flick of a switch, bitty invalidated my short term bear count.
~
as of me writing this, i am anticipating higher prices.
anywhere between 23.8~25.7 is the target.
theoretically, a very sharp rejection will take place in between those two levels which can take btc down over 50%.
~
if you aren't already in, don't be that guy who fomo's at the top.
i'm no financial advisor, but i tell you with confidence - that the market will always come back.
ETHEREUM - HUGE ACCUMULATION CHANNEL Short term looks like we can have little push to the upside towards 1400 usd. I will consider it as continuation of redistribution and just after its finished I would like to see downward movement to the new lows. I think green line matters and if we will go for new lows there can be our bottom.
In that case huge accumulation channel would be very clear.
ETHEREUM - POSSIBLE ONE MORE FAKE PUMPSo far we had some accumulation (red triangle) breaking up and retest of breakout. Until 1070 usd holds there is still a chance to have one major leg up (fake one imo). Its crucial now to break up and get to median of the channel in the making around 1230 usd, then we should test trend line and if holds we must break median to swep range high, then test it from above before the final leg to the upper band of the channel.
btc 7-5 update ~good afternoon o/
---
general idea remains the same,
btc is still trying to reach the local upside algo target;
will most likely see a rejection between 21.2~21.8k.
---
downside target sits at about 18k as of today
should be reached by july 12\13th;
after-which we should see a little move up, where alts will most likely lead the way.
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BTCUSD H1: 20% correction warning distribution(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: BTCUSD 1hours chart review
::: updated/revised outlook
::: distribution in range / weak chart
::: cycle low later July/August 2022
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: rejected/booted from 20 000 usd
::: S/R was re-tested produced WEAK bounces
::: final BOUNCE possible 17/18 000 usd
::: also noteworthy sequence of lower highs
::: recommended strat: SHORT from 21 / 22 000 USD
::: final TP BEARS is 17 / 18 000 USD
::: 20%+ correction possible next
::: 4-8 weeks in July 2022
::: right now limited upside in this market
::: position traders should wait for
::: better entry prices later after
::: BULLS higher risk BUY near 17/18 000 USD
::: not a great setup for BULLS though
::: recommended strategy: SHORT SELL RIPS/ RALLIES
::: TP BEARS is +20% gains - near 17 000 USD
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: RANGE/MIXED
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
btc 7-4 update ~good evening,
taking a peak at the alt charts, and a lot of the alts look to be setting up for a little pop in the days ahead.
this would also rhyme with the idea of btc stopping out all the bears who were late to the party over this 3 day weekend.
a push up to 21.2k, followed by a flush just beyond the range low is my plan.
anywhere between 17,400~16,195 is the expanded flat pocket for that b-wave.
---
since we came up in 3 waves from the range low, i'm theorizing we will come down in 3 waves to create an expanded flat.
b-wave should bottom on july 13th (+\-1 a day).
---
july 13th is an important day in the market.
we have the full moon - which is a historical indicator for a pivot to the upside.
more importantly though, we have the highly anticipated inflation data being released on this day.
---
for btc to see a clean rally out of this range (as portrayed down below), that inflation data must beat the current expectations.
---
failure to beat expectations, and we will see an accelerated decline fueled by long liquidations.
ETHEREUM - RANGE IN PLAY ETH likes to move smooth in channel patterns, for now I would like to see some downward movement towards 700-750 usd and forming bottom formation there. If we keep that level we probably will see some consolidation in next few months, 1700 will bee my range high price, if we break it nicely then even V towards ath levels and above will become possible.
btc 7-2 update ~good afternoon o/
---
applying all the factors i have mentioned over my last few posts, and taking a look at this local area from a psychological perspective -
i've come up with this particular trajectory for btc.
---
i bet there is a ton of long stops at the range low, via 17.6k.
if history repeats itself, that low will get raided before a move up takes place.
stop-loss raid into july 13th, followed by a short squeeze up to about 25.8k (can go as high as 29k.)
mid-summer solstice.what i have displayed on my chart are solstices \ equinoxes.
i've went through btc's history, and i have found that the mid-summer solstice has historically marked some kind of bottom in the cryptocurrency markets.
----
circled the last few times it took place.
here's some more:
to conclude, there has been 10 mid-summer solstices since 2011
of the 10, 8 marked a bottom.
----
now this does not mean that btc cannot go lower, i'm simply stating that based on the historical data, the odds are high that we have, or are in the process of forming a major bottom.
btc 7-1 update what if,
it's just this simple?
we saw 5 waves up,
we saw 3 waves down.
----
higher timeframe oscillators are close to being completely reset,
indicative of a bullish reversal on the horizon.
open interest has fallen quite drastically overnight, supporting the upward move.
fear is at 11,
bearish sentiment is at historical highs.
---
i'm not playing any leverage until we see more confirmation, but i am in a fairly nice spot position as of me writing this.
upside targets are on the chart
---
the bear case completely remains in tact, but so does this bull case.
bullish invalidation is at a break of the range lows
If The People Will Not Buy Bitcoin, Who Will?It is a failed argument to say that people will not buy Bitcoin.
It fails because that is not the way the system works.
Cryptocurrency opponents can say that people are not going to buy Bitcoin because of the hard times, because the markets are crashing, because of war, problems with the international supply chain of different products as well as general sociopolitical instability brewing all around us.
So, the detractors would say, people will not buy Bitcoin, it will continue to drop forever because there is no money from the populace to buy and pump Bitcoin up.
It is a failed argument because the people doesn't necessarily decide Bitcoin's price.
"The people" is obviously an important factor but only one of hundreds of variables that are always affecting the market.
The movement starts with the ultra-smart money, in this case the top market insiders.
The exchanges, the miners, the big corporations, developers and project owners; these are the initial buyers.
Large players, whales, countries, institutions and the likes follow...
Bitcoin is going up now but this phase can still take years.
After years, Bitcoin goes back to its previous all-time high (say around mid/late 2024), and that is when the people will start to pay attention once again to Bitcoin and start buying up.
We say Bitcoin will go up very soon...
It is normal to go from the worst ever to good, it is the only way possible that it works.
The market only recovers after it hits bottom.
Always when at the bottom, it is the worst.
It doesn't matter what the current market sentiment is...
It doesn't matter what the news are saying or what one believes is happening or what is going on.
BITCOIN WILL RECOVER!
It will take a while...
But it will grow for years to come.
Namaste.
btc 6-30 update~good evening peoples o/
pretty decent reaction from last nights downside target,
but the reaction is simply not strong enough in my opinion.
it is most likely a trap.
---
if the range high is broken, btc can expand to anywhere between 24~26k
failure to take out that high, and we will see 14.5k in the next two weeks.
btc 6-29 update ~good evening ladies and gentlemen,
---
i'm gaining more confidence in the short term bull case for btc as more of the herd turns bearish.
looking for a local bottom in the low 19k range.
if 19k range holds as support, i will be looking for follow-through to the upside in 3 choppy waves to complete the local b-wave at around 24k.
---
>a break below 19k could open a door to retest the lows
>if lows are lost -> 13\14k can be reached.
---
if we do indeed get the bounce i'm looking for, i will interpret in one of two ways 👇
#1.
#2.
btc 6-28 update ~goodemorgen,
yesterdays trajectory, and the two i have displayed here are my top 3 projections.
which one is at play, nobody knows - so it is important to prepare for anything the market may throw our way.
--
the white path implies an impulsive 5 waves down, this would make any bull sweat - knowing that 5 waves down is merely the beginning of something.
the red path is a simple zig-zag, which ends right in that pocket between 13~14k
weather than zig-zag is a wave W, or a completed one, we won't know until we see the reaction from down there.
--
ps. new moon has entered the skies as of today, market should be approached with total caution, as historically this is a very bearish sign (though, in rare cases it doesn't have to be).
✌
Bitcoin 10X | Triple Up! (Full Trade | 366% Potential)Bitcoin continue holding strong near resistance.
We continue bullish with a higher low.
We are active with 10X leverage.
Remember leverage trading is ultra-high risk.
For experts only.
One can get liquidated.
This is not financial advice.
If you can't take a loss, you can't trade.
Some we win...
Others we lose.
That's the game.
Feel free to hit like for more.
Full numbers below...
---
LONG XBTUSD
Leverage: 10X
Buy-in: $20,222 - 21,100
Targets:
1) $24,100
2) $26,000
3) $27,400
4) $29,320
Stop-loss: Close daily below $20,000
Liq. price: $19,243.5
Potential profits: 366%
Capital allocation: 8%
---
Namaste.
btc 6-27 update.Good afternoon folks,
I've been doing a lot of thinking about the structure of this current market,
and i've come to somewhat of a conclusion.
I believe what we're currently experiencing is called a "Triple Three".
👇
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as of right now, we have a complete w-x-y;
and while this could potentially be the bottom of the entire correction,
i'm theorizing that we will head down to about 10k before this correction is completed.
the path we take to get down there though, will throw a lot of people off.
---
i'm looking for a move up to about 30k in the next 2 months,
before we do indeed head down to 10k.
💰
Bitcoin (BTC) - June 27hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
It appears that the break above the 21481.1 point has failed.
However, as it is the volatility period until June 27, if support is found above 20570.1, it is expected to attempt an upward breakout.
The next volatility period is around July 16th.
(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
Whether or not it can move higher than 21418.1 is the key.
It is necessary to check whether it can be supported in the section 20570.1-21481.1.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Bitcoin (BTC) - June 26hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
1st support: around 21475.02
2nc support: 13137.51-15916.68
The key is to find support and move higher near 21475.52.
If it falls below 19695.87 and finds resistance, it is likely to decline to the 13137.51-15916.68 section, so careful trading is required.
The 19695.87-21475.52 section is the previous high, so it is expected to rebound if supported.
This rebound is expected to be classified as an uptrend or a rebound depending on whether it breaks through the uptrend line.
(1D chart)
It is necessary to check whether there is a movement that deviates from the section 19695.87-22487.41.
If it moves above 22487.41, you should check for resistance near the uptrend line.
If it falls below 19695.87, you should check to see if it is heading towards 15916.68.
The next volatility period is around July 13th.
The trades below are valid until they fall below 19695.87.
(buying)
- After confirming the support in the section 21475.02-22487.41
(Stop Loss)
- When it falls below 19695.87 and receives resistance
(Sell)
- When resistance near an uptrend line
- When resistance is received in the section 27033.35-29812.52
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Bitcoin (BTC) - June 25hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
There is a possibility of a consolidation based on the 21481.1 point.
So, the key is whether it can move higher than 21481.1-22471.5.
The next volatility period is around July 16th.
(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
Whether or not it can move higher than 21418.1 is the key.
Therefore, if it fails to rise above 21418.1, you need to check if it is supported in the 2013.5-20570.1 section.
If support is found in the 21418.1-22471.5 section, the key is whether it can move above the uptrend line.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------