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Bitcoin (BTC) - June 15hello? 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. This consolidation is expected to occur between 19424.9 and the uptrend line. 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. Points 27054.1, 28951.7, 29840.6, 30971.3, and 32275.6 are important points. The sections 21481.1-22000.0 and 23050.0-23722.8 are expected to form support and resistance sections. So, you need to check which direction you are deviating within this interval. If it falls to the vicinity of 19424.9, it is necessary to check whether it rises with a sharp movement. ------------------------------------- When BTC price plummets or surges, BTC dominance rises most of the time. I think this is a phenomenon that occurs as funds are concentrated towards BTC. Therefore, the coin market is led by BTC to determine the trend. However, looking at the current movement, BTC Dominance (BTC.D) is falling. I think this means that the decline of BTC is not leading the market. In reality, all coins (tokens) are showing a lot of decline, but you can see that the price of altcoins is being defended. When the BTC price stops falling and shows a sideways trend, it is expected that altcoins, which are defending the price, will surge. This surge is likely to move in the short term and requires careful trading. As USDT Dominance (USDT.D) is rising, we can see that the coin market as a whole is showing a downward trend. If the USDT dominance declines, it is likely that the coin market as a whole is more likely to show an upward trend. So, we need to see if the USDT dominance can turn into a downtrend. If the US 100 CFD (Nasdaq) futures chart fails to move higher than 11371.9, it is likely to move towards the 10472.7 area, so trade with caution. As institutional investors in the US and around the world continue to launch investment products, the BTC price chart tends to follow the index charts in the stock market. However, if you trade by looking at the movement of the index chart of the stock market and predicting the movement of the BTC price chart, you can make a big mistake at the crucial moment, so be careful. The coin market is expected to start bullish when it starts to decouple from the stock market's index chart. ------------------------------------------------------------ ----------------------------------------------------- ** 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 the sake of 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.) ---------------------------------
by readCrypto
1
BITCOIN (BTCUSD): Breakout & What is Next ₿ Hey traders, It looks like Bitcoin broke a major weekly demand cluster to the downside. Weekly candle close below is a very important bearish clue and it signifies that sellers are willing to push the market lower. Here are the next two major support on focus: 18870 - 19815 narrow demand area based on 2017-high. 12468 - 13832 demand zone based on 2019-high. And above we have 28600 - 36300 major supply area. Be prepared for a further decline, dear traders. ❤️Please, support this idea with like and comment!❤️
COINBASE:BTCUSDShort
by VasilyTrader
11
"the og double combo"bitcorn has broken beneath a level many of us have been watching, i low key saw this coming. --- in one of my videos recently i discussed the following: if a majority of the people wanted 23k, we would either not reach it, or over shoot it. so we're in the process of overshooting it. --- looks like we could come down a tad bit more, one more hit to the lows after this bounce completes. --- i've changed my count up a bit to adapt to the changes i'm currently seeing over the last 24 hours. what i have on my chart is called a double combo, aka - the og wxy.
Long
by notoriousbids
8
Bitcoin (BTC) - June 14hello? 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 Support: around 21475.02 The sections 13137.51-15916.68, 27033.35-29812.52, 46487.52-49266.69, and 60383.36-63162.53 are the sections that determine the trend. Looking at the current location, the section 15916.68-27033.35 is the sideways section, and the point 21475.02 is the middle point of the sideways section. Therefore, the sideways section is divided into the lower sideways section (15916.68-21475.02) and the upper sideways section (21475.02-27033.35). Therefore, it is important to find support near 21475.02. If support is not found near 21475.02, there is a possibility of a decline towards the 13137.51-15916.68 section. I would expect a rebound if it finds support near 21475.02, where the key is whether it can break through the uptrend line. (1D chart) You need to make sure it can be supported on 21475.02 or higher. You should also check to see if you can move above the uptrend line. The next volatility period is around July 13th. ------------------------------------------------------------ ----------------------------------------------------- ** 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.) ---------------------------------
by readCrypto
5
btc 6-13 update pt.2in my last post, i shared two potential trajectories. btc ended up breaking the trendline \ hit my 22.9k target- but it came down in 3 waves, which makes me a bit suspicious. it still technically could be an expanded flat, but that would be a really long B wave, so i don't like it. much more probable for us to be working on the final fifth wave of wave C. --- watch for a bounce (w4), followed by a little capitulation to 19k (w5) this zone will mark a bottom (theoretically). (a wick could go below 19k, but so long as it gets bought back up, we will be in better shape.)
COINBASE:BTCUSD
by notoriousbids
2
btc 6-13 update ~good evening o/ i'd like to keep this post very simple and straight to the point. --- my little expanded flat idea could still be at play, but the trendline which we touched earlier this evening cannot be breached. if it is breached, we will see capitulation down to 22.9k (potentially lower). --- if the little trendline is respected, -we can see a short squeeze back up to 34k before seeing the final decline to around 20k by finishing the og diagonal. -most people are either short, bag holding, or expecting 20k, -so this little move up would really shake things up in the market for the majority. --- trade safe, and have an awesome week 😎
by notoriousbids
1
Bitcoin Analyze (Double Zigzag Correction)!!!🧐Hi, everyone; Bitcoin is making Double Zigzag Correction while it is near the end of the last wave, which means microwave Y. The end of the Main wave 4 can happen at my TRZ(Time Reversal Zone) & The end of Main wave 4 ( Zone ). I show these zones in my Chart. Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰ Where is the end of microwave Y ❗️❓ 🎯 Target 🎯: 32400$ until 31730$ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
Short
by pejman_zwin
21
the last stand.this is the last stand for the bulls. the total crypto market cap is approaching one of the biggest levels we've seen in months, the moment it taps this level, a major reaction to the upside is expected. if there is no reaction, then this will be really bad news in the land of crypto, and we will see the ship sink deep. how deep? deeper . -- if we raid the lows for liquidity, it would stop out just about everyone who got into the market down here in this range. we then could then go ahead and stop out all the shorts, before a real capitulation event comes through. i'm hedged both ways, and i'm ready for either outcome, but i will say this - i am very bullish in the weeks ahead. i think we see a significant short squeeze.
Long
by notoriousbids
3
Bitcoin Analyze (Short Term, Expanding Flat)!!!✅Bitcoin is running in Expanding Flat correction these hours, and I expect it Will grow up at least to the upper line of Descending Channel. Bitcoin was able to move as I expected in my last post about Bitcoin analysis.👇 Bitcoin Analyze ( BTCUSDT ) Timeframe 15min⏰ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
9
The Bubble ParallelAmazing parallels! Examining side by side the Dot-com bubble and Crypto. I will be Analyzing the significance of the historic asset bubble and then compare, contrast, and identify parallels between Crypto & the Dot-Com. What is the Dot-Com Bubble? The Dot-Com bubble was a bull market run that pushed the Nasdaq from under 1,000 to more than 5,000 in 5 years. The most notable period was the exponential bull run between 1998-2000. It was an era of “new age economy” fueled by frenzied speculative hype. The price inevitably came to a drop in March, reaching a blow-off top phase with a market cap of 6.71 trillion. Could we be witnessing similar parallels with Crypto today? “Speculative bubbles are notoriously hard to recognize while happening, but seem obvious after they burst.” Can Crypto Parallel a blow-off top? Bitcoin and Crypto, in general, have been compared to the Dot-com bubble in the past (most notably 2017) however the market cap was only 758 Billion at the time. What is also interesting is ever since Crypto broke over 1+ trillion, we have reached two paradigms, which leads me to believe the real motive of the market structure is leading to a massive blow-off top. I also would argue that Crypto is still going through a potential 2-year exponential run starting in March 2021. This would mirror the extreme manic phase of the Dot-Com where the market cap hits the trillion+ dollar territory. Bitcoin in theory is designed to absorb inflation but timing the rotation of money can be difficult. Will some alts die while BTC thrives? Many altcoins and projects in the crypto space parallel with Dot-Coms wave of businesses with zero use cases and no actual profitable business model. Focused on growing very big very fast promotional spending increased going as far as spending hundreds of millions of dollars on parties. Boo.com (spent 188 million$) Pixelon (spent 60 million$) The past few years we saw meme coins exploding in value and many projects growing that hardly even retained a profitable business model. I would be wary with most of these projects in general as they are most definitely not long-term proven holds. Key points · Bitcoin did not reach a natural Blow-Off top · Market Cap in comparison to previous bubbles is still small · “Era of new age economy” · Hype-fueled projects / coins that do not retain a profitable business model. · Exorbitant amount of Fiat printing can lead to crypto absorption off rotating money Conclusion Bitcoin is likely to parallel a blow-off top and has a strong probability to break over 100k. However, timing the exact bottom of the market, in general, is a very difficult task. If we do enter a high cap Blow-Off top phase we can expect many alt coins, businesses, and projects to go bust after smart money exits. Good luck!
CRYPTOCAP:TOTALLong
by UnknownUnicorn38866977
2
Bitcoin (BTC) - June 12hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDT 1W Chart) Primary resistance: around 32259.90 Secondary resistance: 35045.0-38150.02 1st support: 28923.63-29812.52 2nd support: around 27033.35 We need to see if the stock can break out of the oversold zone of the RSI. It is important to be supported over the 28923.63-29812.52 section. (1D chart) The key is whether it can move higher than 28923.63 quickly. If it fails to rise above 28923.63, it is likely to fall below 27033.35, so a short-term Stop Loss is necessary. However, as mentioned before, there is a possibility that it may rise while pretending to decline due to a fake, so you need to check which point or section is supported. So, if you can't make quick decisions, you need to be careful when trading. The next volatility period is around July 13th. ------------------------------------------------------------ ----------------------------------------------------- ** 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.) ---------------------------------
by readCrypto
1
btc 6-6 update.good evening humans, a lot of fear in the markets right now, more than i've seen in a very long time. i'm kinda grateful for all those of you who are terrified, because it is thanks to You that this next move will be made possible. --- a shirt squeeze. -- we're 15 days into a daily squeeze on bitcoin, one of the longest ones i've seen in awhile. once bitcoin exits out of this squeeze, a significant move will take place as i have talked about in my recent posts. it can certainly be to the downside, and i'm well hedged for it. my short hedge is currently up close to 600% and i've started building a long position just in case the short term bull case turns into a reality. i'm going to be eyeing the area between 35~38k for this move up. ps. this is in no shape or form financial advice, i whole-heartedly do believe btc can drop to 20k in the weeks ahead, but there's a slim possibility that we see 1 more pop before it does. don't follow my footsteps, follow your own, make your own plan, and do what you feel is best.
Long
by notoriousbids
2