BTC1!BTC ascending triangle in the making 3560 points from base of ascending triangle to its resistance projects 3560 points above resistance as target, which is right around 42k, confluent with mid of the whole move, and through CME gaps at 39900 and 41245Longby jhonnybrah0
$BTC closing in on our called year end highGOOD MORNING & hope you all had a GREAT Thanksgiving. We all have something to be thankful for. CRYPTOCAP:BTC keeps on moving. However, the volume is getting lighter. Good news is that there are lack of sellers = is good. Weekly it shows that #BTC is getting very close to our expected high, the dotted red lines you can see in the low to mid 40k area. #bitcoin leading is VERY GOOD for all markets.by ROYAL_OAK_INC1
BTC keeps moving & formed pennantGood Morning CRYPTOCAP:BTC is currently in a small pennant formation. Pennants tend 2b continuation patterns. #BTC RSI was weakening BUT seems to be breaking out of downtrend at the moment. If you still think we haven't BEEN in Bull don't know what else to say. Signs have been there forever. Granted, things can still change but the current trend is strong. #bitcoinby ROYAL_OAK_INC1
BTC1!Seasonality in effect. Traditionally, Thanksgiving is a bullish event for Bitcoin. I like the possibility that BTC can stretch up to fill its 39900 gap this Thanksgiving. Happy Thanksgiving y'all!Longby jhonnybrah0
Bitcoin (BTC) Short SetupOKX:BTCUSDT.P Short 1W Rising wedge + Entrance 31745 = Exit 18475 I am interested in your opinion on this algorithm of actions deposit 20% of asset order 20% of deposit leverage ×20 cross margin take profit 25+-% of order stop loss 5+-% of order day loss 1% of deposit RR 1 to 5 Entry on negative news background + At negative mood of trendsetters + No nearby reports, speeches + Bearish chart and candlestick patterns + A pool of indicators signalling a downtrend #DYORShortby FelixVexelman2
BTC: Rejected twice at 38k. Should see a clean break through on the third go. Don't let the indicator head fakes win. The Battleground. Longby McllroyCharleeUpdated 1
Bitcoin weakening still, short term pause?CRYPTOCAP:BTC looks okay technically but the RSI is losing steam, gradually. This has been mentioned before, a few times actually. #BTC 4hr shows the weakness in the RSI a lil better. CMF = $ flow still looks okay though. However, #bitcoin on 1 hr shows the $ flow reducing a bit. #cryptoby ROYAL_OAK_INC1
BTC1!BTC1! Last Friday 36565 gap filled Volume (absorption) at gap suggests potential for inflection from here MA confluence as well I mentioned the possibility of a backtest of this area at start of weekLongby jhonnybrah0
BTC1! on 12hr Potential Triple TopBTC1! on 12hr Potential Triple Top rejection Hey everyone, I am anticipating a bounce for BTC1! for 11/22. The market can always change but this is what i see atm. The Double top was rejected on 12hr. Potential triple top after bounce to the upside of 38k and a pullback thereafter for a triple top formation. "A triple top is a technical chart pattern that signals an asset is no longer rallying, and that lower prices are on the way."by angelbaetrades0
What is BTC doing??Very predictable price action from BTC as usual. If you missed the opportunity to load up more longs over the past 12ish hours, then pay attention to the NWOG. Watch for respect of the gap or immediate rebalance. Target is the buyside above the old second stage redistribution. Note the IFVG directly below that price will likely refer back to over the coming months.Longby molehill0
Our algorithms entered long in crypto at breakoutThe blockchain total market capitalization is at the beginning of a new momentum trend of what it seems the most likely scenario would be a stage 2 trend (uptrend). Most of our momentum trading bots that trade blockchain assets as underlying's have entered long with stop trailing orders. The RSI in the weekly chart is of +70.11 for Bitcoin CME Futures and of 68.07 for the total blockchain market capitalization. A very strong trend. A short-term trend pullback so that afterwards it continues the uptrend is the most likely scenario , but, even if in the end the trend loses strength and it goes to a stage 4 one (bearish), our bots will short-sell the market anyways. Entering long in equity indices and blockchain assets with algorithmic momentum is the weekly main update from our side.Longby blockmas0
Head and Shoulder NecklineThe head and shoulders is still valid carrying on from Jan 2021. We bounced off the neckline from currently traded prices. We can still bounce off the neckline for several days or weeks. However, if not broken through we will ultimately see a downtrend possibly until Nov 2024 being a 1W chart. Target price for a head and shoulders pattern is: Price difference from height of head to neckline x 2 = Target price Remember always set a SL Love SpoofyShortby SpoofytheWhale2
Could a Strong US Dollar Curb Rise of Bitcoin, Nasdaq?The value of the US dollar has returned to prominence this year, reaching near new annual highs. Since July, the value of the dollar against a basket of foreign currencies (as measured by the US Dollar Index) has increased from 99 to 105. This means that the greenback is regaining strength after a period of weakness. The dollar's rise was surprising, considering that many experts had predicted a decline in 2023. With the U.S. economy uncertain and estimates of possible recessions, the Fed was sure to cut rates in the following year. However, the currency's rally proved otherwise. Despite ups and downs, the dollar continues to maintain an upward trend ahead of the December 13 Fed meeting. Although no further interest rate increase is expected at this meeting, an aggressive approach by Powell is expected in light of the latest statements. It is expected that the Fed will keep options open for further tightening if necessary and may delay possible interest rate cuts until late 2024. However, even if rate cuts are made, they are not likely to be significant because of inflation below the 2 percent target. To understand the recent increases in the dollar and the reasons behind them, it is necessary to look at global economic dynamics. The global economic situation is currently deeply divided. PIL Chart PIL Chart As the United States continues to defy pessimistic forecasts and growth in China and Europe falters, the dollar has regained strength, rising sharply against major currencies in the past two months. In late 2022, most economists predicted that the Federal Reserve would act to prevent a possible recession by reducing interest rates. However, at the present time there appears to be no threat of recession to the economy. The latest estimate of U.S. GDP shows that the economy is in excellent condition. The U.S. economy revitalized in the third quarter of 2023, registering an annual growth rate of 4.9 percent. This represents the highest growth rate since the fourth quarter of 2021 and exceeds market forecasts that were on 4.3 percent. A strong dollar is not good news for the United States, as an increase in its valuation could reduce profits earned abroad. EUR/USD-Daily ChartEUR/USD-Daily Chart Companies such as Apple (NASDAQ:AAPL) and Walt Disney (NYSE:DIS) Co. have already been affected by this trend in Europe and Asia, with theme park visitors from abroad expected to decline. Many estimates indicate that even an 8-10 percent increase in the dollar can cause an average 1 percent decline in U.S. companies' profits. Finally, I anticipate a strong dollar for this quarter and the first quarter of 2024, which is affecting my portfolio choices. Given my market analysis, I have chosen to avoid U.S. indices such as the Nasdaq and instead focus on Japan's Nikkei index. Japan's weak currency makes it favorable for my forecast. The Euro/dollar exchange rate could also be at risk of a retest of the 1.00 level. In my portfolio, I still have investments in Bitcoin and Bitcoin mining stocks, but I anticipate possible short-term weakness with the negative seasonality for this cryptocurrency. However, news about an ETF that would allow investors to participate in the Bitcoin market without owning it directly could temporarily support prices.by Antonio_Ferlito0
btcusd bicoin in bear or bull rally decision till EOYNext weeks will show do cryptomarket goes nuts like in 2020 or nukes like not seen before. All indicators show similarity to breakthrogh like in 2020, but as it is usual in cryptomarket when everything is bullish it could crushs If price will go above Bollinger Band most possible there will be rully to 90 000 by viparmenia0
Bitcoin last hoorahBitcoin last hoorah moment. Everyone is back to the hype and i view it as a time to be very cautious. My view: bitcoin is done. Its not hedge against inflation and it will not work with interest rates skyrocketing. Bitcoin is fiat derivative and many will get trapped. Unpopular view.Shortby GabrielK5771
BTC1!That CME gang cray Ran up to take intraday (but not intramonth) highs before close Now filled previous day 330 close gap at Thursday open Also happens to be same approximate area as that 35925 gap (filled last week) that I've been talking about If bullish they'll likely hold this level for continuation Has 39900 gap above as incentive for higherLongby jhonnybrah1
Last move closed the GAP from May 9, 2022This unclosed GAP on CME Futures waited there for more than a year and half and now it is closed. What doest it means about the future price moves? First of all, the traders that were trapped on that levels can now close the positions break-even, but should they do that after waiting so long? I think that most of them will, because of psychologic bias. But, there are people that are always buying and adding more BTC to their portfolio even in current levels, because the Bitcoin ETF proposals of BalckRock and several other funds are still on a table of SEC and can be approved any day. Microstrategy, for example, increased they BTC holdings in last year and their average buy price is $29,744.by dearwish2
BTC CME Bearish divergence Good day folks it have a bearish divergence on the BTC CME futures chart this can either mean we will go sideways or we can see a drop in price. Trade smart I would take a short with the swing high and target a profits around 33800. Shortby WhaleKingpin2
Bitcoin Elliot Wave CountPump for Bitcoin Spot ETF and Havling in Fall 2023. Top around March/April 2024. Failed Halving Pump. Bad economic climate in 2024. Liquidity Event. Recession in Fall 2024. Crash to sub 10K. Longby NoSecondBest1
BTC1!Some ting doesn't want to be short into NY open Has gap at yesterday's close 35300, confluent with range midLongby jhonnybrah0
5 Step Trading Plan Template"Playing Catch Up" - A clear, easy to follow 5 Step Trading Plan Template for Breakout Trading. Step 1. Recognize the change in trend. Whether you use ranges, patterns, or stage analysis, all essentially help to confirm that the trend has changed from down or sideways to up (or vice versa, but just make sure its in the same direction you plan on trading!). In this case, we have a "U" shaped recovery which is comprised of an island-type reversal with a very clear sell off which was sharply supported on a high interest price level ($20,000) while then breaking out of the larger U reversal neckline at $25,000. Trend has changed from down/sideways to up (or Weinstein's Stage 2). Step 2. Identify the breakout. This trendline confirmed itself twice as support in 2021 and was broken in 2022. It then acted as resistance twice in 2023 before breaking last week.* Step 3. Establish a price target. Here we have targeted the previous local high before the breakdown of the trendline. Price was unable to advance past this level last time, so its likely become a resistance level and an area of supply in the market. Step 4. Ask yourself: what if I'm wrong? It's the question to always be asking yourself, but not too often where it keeps you from taking appropriate amounts of risk. It's important to be prepared for all scenarios, even the ones you believe to be least likely. We place the stop just below the trendline breakout in case price breaks down. Even if its just chop, we can reestablish a new position under new circumstances. We will not be left holding in case price goes to 0. Step 5. Confirm risk management. In this case, this trade happens to coincide with a 4:1 reward to risk ratio, which means if I am trading with the same amount of capital for every trade, I can lose 4 times and win 1 time to breakeven, or as I have written on the chart, I can lose 3 times and win 1 time to be profitable. As a trader I recognize I will not win every single trade, so to remain solvent I must account for this. You need to know your win/loss rate in order to have a clear idea of what R/R ratio is appropriate for you! *Note: Assuming we hadn't gotten long earlier, the breakout at Step 2 is the ideal price to go long. This can be difficult if you aren't on your computer/phone all day. This tutorial is how to play catch up with a simple risk management plan. There are also ways to decrease risk even more, by layering buys from this entry down to the trendline breakout, increasing the size of purchases as price gets closer to the breakout price (this is still done in conjunction with our risk size of "1"). This lowers our average purchase price, and with it our risk, because our stop-loss price does not change. I hope this helps, let me know in the comments section what you think. Thanks for reading. -harambepayEducationby harambepay4