BTC lines of support and resistanceSupport/Resistance when support breaks lines become resistance. The longer the time frame the more weight it carries
BTC trade ideas
btc sxpBTC/SPX
Fist evidances of a breakout?
This chart failed to make a HH & looks like a classical buble chart. HV is very low. A trend changing impulse is iminant. Rsi has bull div & broke out of trendline. Price made a lower low to take liqudity from downside but failed to fallow
If we don't get a close bellow 19.5k there is a high probibility we will go up fast. I like this more than classical BTC chart. Good RR here. Maybe btc is going to be seen as a hedge against inflation? Maybe accumulation is close to being done? Don't rush this is a weekly chart
BTCUSD AT SUPPLYZONEBTC is showing the bearish momentum as it is on the supply zone with ENGULFING CONFIRMATION on H1 chart.
Head & Shoulder pattern on BTC dominance! ALT season incoming?Look at that beautiful head & shoulder pattern on the BTC vs BIG ALTS chart!
If it plays out, the ALTS will have a GREAT couple months!
Crossing my fingers!
Time will tell.
BTC/US100 swingingCrypto against Nasdaq - Swinging it's way down. Expecting to have hit a ceiling now - and bounce towards the downside - this type of curve channels tend to break to the downside.
BTC / SPX - hesitationCrypto has been hesitating lately - should it break out or not - consolidation has now lead into a breakout to the upside - But this doesn't convince me - I expect this breakout to be a fakeout that will drop very soon, If we cross the orange line, we will head towards the upper red line, but I personally won't trade that.
One Dovish statement & Rocket nd Dump. In 2021-2022, the Gold/Silver ratio has fluctuated greatly, ranging between around 65 and 95. 2020: For the year, the gold-silver ratio peaked at 114.77, the highest it's ever been since 1915. 1991: When silver hit record lows, the ratio peaked at nearly 100.
Since money is cyclical and follows wherever it anticipates gains, Bonds can be a very good indicator to sense the direction.
One of those few times in history where one has to look at bonds before purchasing assets. Or Just average down.
Fear is a great motivator. This is the oncoming of the great Dollar Reset. The decline of Petro-dollar leaves top position weak and shaky of the top Fiat, and power hates Vacuum. Which other Fiat could replace the current Fiat? Or could the coming downturn trigger a mass adoption of Something Decentralized ? Questions ..., Only future History Books can provide. Or someone like George Soros, the great speculator.
BTC/SPX updateThis is the third scenario - pa along the trendline.
Hasn't bounced nor broken out - we keep monitoring it. So far all shows it's gonna head down.
See you in 2025 "good-bye"My planning is complete I'll be back in 2025.
I will not be watching the market for a long time so this account will be ignored.
Once you got the lowest buy your comfortable with just ignore everything else going on.
There will be pumps and dumps but the overall growth for my large low purchases will be excellent just like before.
Stay positive and live life. Don't let your assets take up all your time.
BTC/SPX Breaking !!Green scenario playing out - Expect crypto to outperform stocks for some time!
It looks like stocks could crab up for some time - meanwhile crypto could have some minor relief.
Unit value of BTC walletsAt first this is an analysis just out of curiosity, maybe it doesn't mean anything...
The marketcap of a cryptocurrency is obtained by multiplying the price by its number of units in circulation.
Then:
BTCUSD = U$ 19 K
BTC_SUPPLY = 19,176 M units
BTC MarketCap = BTCUSD x BTC_SUPPLY = $365.3 B
What would happen if the market value were evenly distributed among all wallet addresses?
Calculation:
BTC MarketCap = $365.3 B
Number of BTC's wallet addresses = 1,036 B
Unit value per wallet = BTC MarketCap ÷ Number of BTC's wallet addresses = U$352
Graphically speaking, the value is in an interesting region, at the 0.618 Fibonacci retracement.
BTC/SPX My bearish view still stands - price is struggling to get passed this trendline - although I have marked a bullish scenario in case it breaks it, as it is showing strength in holding during this weekend.
Cheers!
BTC market cap bottom $$$The BTC market cap appears to have bottomed out or close to the bottom. The stochastic does not appear to have a bull signal yet. Interesting though, that BTC market cap has never fully bottomed out using the wave trend with stochastic since the last bull run of 2017/2018. This could be an indication of a crazy bull run in the future.
MARKET CAP BTCHey Traders,
If the price break the trend line, it will go up. Otherwise will be down until the support area again.
Trade safe!
BTC/SPX - not ready yet !Bitcoin isn't yet ready to outperform stocks - specially with stock's bounce. This chart shows the why BTC kept in place while stocks bounced - a cross to the upside would really push the price, but it seems the confluence of resistance at this level is too strong - Very likely we will see another drop soon (here to retest the bottom again) - around or during the weekend when stocks will be sleeping.
Keep monitoring it - if we don't break the bottom support - we will break out and have some relief after !
BTC Vs. SPXWe're at the red line again - breaking up would mean outperforming stocks - going down will be acting even worse than stocks - Monitor the NY open today.
Looks bearish though.
[UPDATE BTC] $38k (Q3Q4 2022) -> $10k (Q1 2023) -> $280k (2027)?I see this potential scenario in line with the worst case I said a while ago.
Not bad honestly.
$5 Trillion mkcap by 2024Technology is ubiquitous. The means to finance technology shall also fall to technology, which is ubiquitous. Until crypto is at a 5 trillion dollar market cap in 2024. The risk/reward is outstanding.
BTC against SPXCrypto is trying to hold it's position - and it looks like this macro double bottom could play out into a small relief for crypto outperforming stocks - It could play out in 2 different ways - either stocks crash and crypto holds, or both bounce up - with crypto bouncing higher.
Either way expecting it to happen soon. Most likely to 200 weekly ema.
BTC/SPX forming a curvy channelSo far the relation crypto/stocks hasn't played out and double bottom with a reverse H&S hasn't been confirmed - therefore it keeps withing the descending triangle pattern but also formy a curvy channel - at which we are at the bottom (is that correct english?). Anyways - I would expect Crypto to recover a bit from there, if it doesn't .... Well - I marked the next support level. This would be brutal.
How do crypto options contracts affect the market?Hi Friends
Today we will explain the option contracts affect on crypto and other markets.
First lets see whats an option contract?
Options are derivative contracts that entitle the purchaser to buy or sell the connected asset at a predetermined price before the contract expires.
There are two types of options , call and put. The right to buy is known as a ‘call’ option, whereas the right to sell the underlying asset is called a ‘put’ option.
Every options contract comes with a specified expiry date which is the last date for settling the contract.
The price at which the options contract is settled is called the strike price .
This is the price at which the options contract owner is allowed to buy/sell the underlying cryptocurrency.
The price at which an options contract is bought is called the premium .
Now, when would you buy a cryptocurrency? Obviously when it is trading at a price that is lower than it should be,right?
This means that you find it to be undervalued and you expect its price to rise in the future so you can sell higher and make money.
But what if the crypto price fell instead? Wouldn’t it be nice if somebody would still buy the cryptocurrency from you at a higher price?
For that you would require selling rights of the cryptocurrency and you will buy a put option.
Now on the flip side when would you sell a cryptocurrency? Of course, when you think that it is trading at a price higher than it should be.
This means that you find it to be overvalued and expect it to fall from here.
But what if the price of the cryptocurrency rose instead?
You would then want to add more crypto at a lower price and sit on assets that are valued higher than your purchase price.
For this you would need buying rights or a call option.
Since options allow traders the right to buy/sell assets at a predetermined price they shield them from the volatility of the crypto markets.
Moreover the volume of the call or put options in the market signals the direction in which investors expect the markets to move.
More put options indicate that investors expect the markets to fall whereas more call options indicate that investors expect the market to rally.
Now when the option contracts are near their expiration date, large players try to drive the underlying crypto price into a favourable range depending on the option contracts they have purchased. This is done so that the deal can become profitable.
In summary:
Buying a Call (Long) = Bullish -----> you think the crypto will be worth more later so you want to lock in todays price to buy later at a profit.
Selling a Call (Short) = Bearish -----> you think the crypto will be worth less later so you want to lock in todays price to sell later at a profit.
Buying a Put (Short) = Bearish ------> you think the crypto will be worth less later so you want to lock in todays price to sell later at a profit.
Selling a Put (Long) = Bullish --------> you think the crypto will be worth more later so you want to lock in todays price to buy later at a profit.
I hope you enjoy this education please share me your opinions in comments.
thank you all specially @TradingView team
BTC/SPX We hit exactly my target at 107M and it bounced down. Right now we formed big H&S on the HTF second bottom - and I expect the price to retest that red trendline - if we manage to cross it - dashed orange line ahead. But if we don't, the fall will be brutal.
