BITCOIN BIGGER PICTURE: LONGING THE SUCKER'S RALLYHey all,
Been quiet for a while pulling down bangers instead of chasing clout & farming sweet likes for my T&A ;)
(he says with a wink & a nod to the camera while doing that on twitter/youtube instead)
Anyway -here's my meta-perspective of where we're at in the $BTC Market -I'm LONG into the SUCKER'S RALLY - then flipping SHORT when I see signs of losing steam (and prev. resistance lvls, accounting for liq/stops run spike prior -don't wanna miss my ride on the way down fam).
GL HF. All just imo.
BTCUSDLONGS trade ideas
BTC going to 45K by middle august?hello traders.
BTC was/is in extreme fear & fear territory for aprox. 60 days. alternative.me
makes me think we are the last stage of disbelief.
China miners waiting till end july if they could turn machines on. "We are waiting for final decision from power station. We will wait until end of July. If power is still not restored, we will buy back hashrates. Please be patient.
Best regards", makes me think we have bottomed with hasrate, so only way is up, also chart indicating that to be true: www.blockchain.com
so:
entry: 33400-33600
tp1: as described
tp2: as described
might switched btc to some strong alts, if they show strenght. Right now im cautiously waiting in BTC
SL: 7%
lets see,...
thanks
BTCUSDSHORTS Incline 07/08/21On July 8th, 00:00:00 (UTC) we saw a surge in Short Interest just above $34K level, following a dip towards low $32K level. While making higher pivot lows, price is hovering in a consolidation zone with little to no retreat from Short Interest. This could in turn provide bulls with the necessary liquidity to produce a market shift or, "Short Squeeze" and propel price upward. Mind you we are nearly 50% off the ATH of BTC. Long-Term Trend Reversal seems to be smiling in bull's favor. Good luck to all.
[Bitcoin]: Somebody on Bitfinex is manipulating whole market!Never before Bitfinex shorts were as high as on the previous 2 peaks. Even when we had a big Crypto Market and BTC dip this year!
Thus somebody realized what kind of power does this graph hold in the eyes of traders and their followers.
So, what do they do now? They push shorts really high in an extremely short time frame spanning from few hours to few days and it's one entity most probably only!
What happens next?
After the shorts start to go up we sooner or later dump! (red)
After the shorts go down we sooner or later pump! (green)
After shorts reach peak there is a strong trend coming! (blue)
Most probably they are influencing BTC to stay in the channel and not break up or break down.
That's why it did not happen as suggested in previous posts since that kind of entity can put a position worth few thousand of BTC in order for this to be seen!
Why would somebody close them so fast and how can that entity do that on the market is probably a rethorical question but don't forget - 10000 BTC is worth around $300 mio!
Since BTC is moving down already we can expect further dip and most probably then the bounce from support channel.
July 8th 2021 Bitcoin to 27829I'm 1Percent and I will be your companion from now on to achieve the top 1% and share quality information such as investment mindset, strategies, stocks and crypto technical analysis . The power of dreaming is POWERFUL and should not be underestimated. I believe that we are in the Golden age of opportunity with crypto and I will go through this journey with you together.
Now let's take a look at the Bitcoin chart which could help us look at the general direction of the crypto market.
As I mentioned last time we're heading down. We rejected twice into the January mid range and free fell and broke the Monday range low. A rejection like this at the mid range will usually lead us to the range low and I do think we'll go to 27829 at this rate.
I marked the important levels that could lead to different scalp setups.
Stay safe out there and always keep your stop losses if you're trading.
Keep your dreams real.
1PERCENT
XBT pitchfanIf we compare the pitchfan on XBT I think 312K is the bottom we reached afte the correction. The trend is coming aup a bit, bit I suppose we will not break the 39K soon. It will took more time and maybe we have to readjust the analysis later. Right now I reccomend to hold bitcoin and not hope for the next breakout in the coming weeks. But for the loner term, there could might be the next step above 40K - if you patient.
BTC (evvvvrybody waiting for the Wyckoff)Yeah, I see everyone waiting for the wyck-off. I have seen this pattern before. Reminds of that year 2018 when something big happened. It just happened to the wrong direction. Posting this if you can see the resemblance. But yeah, it looks like a wyckoff I admit.
39K or 29K that is the question..!Bitcoin price in no men’s land..!
Consolidating in a consolidation pattern..!
In the next 5-10 days there will be a 10-15% move! But let it gets out of the consolidation pattern first!
Which side is more probable???
The answer to this question is not clear yet! Wait for charts and confirmation!
Bitcoin is not a buy or sell opportunity right now!
If you do not have any position at the moment, don’t open one..!
July 7th 2021 BitcoinJim Carrey is known for executing a successful habit in a daily basis. In 1985 Jim Carrey used to be a bit part actor he wrote himself a 10 million dollar check and dated it 10 years later. Call it a coincidence, 10 years later in November 1995, he found out he was cast in the movie Dumb and Dumber for — you guessed it — $10 million. I'm a huge believer of the R=VD equation and it has totally changed my life. So what's this R=VD equation? It is said that if one dreams vividly, there is a high chance of it becoming true, like Jim Carrey.
I'm 1Percent and I will be your companion from now on to achieve the top 1% and share quality information such as investment mindset, strategies, stocks and crypto technical analysis . The power of dreaming is POWERFUL and should not be underestimated. I believe that we are in the Golden age of opportunity with crypto and I will go through this journey with you together .
Now let's take a look at the Bitcoin chart which could help us look at the general direction of the crypto market.
We are still range bound and it is scalpers paradise. we had a nice fakeout of the Monday lows yesterday but if you are a trader you probably would've made money or stopped at Break Even (BE). Once you have a 4h candle break a key level with volume, you can assume that the level is broken and take a trade with a nice rr. I put down some plays that you could've done. We can see that the first trade will be a successful one but the second one stopped out. It's always important to know that you can't be 100% right all the time. The plan is to lose less by finding good setups with a good RR (I personally look for at least 1.7).
I marked the important levels that could lead to setups. It's a no trade zone for me until the Monday range breaks.
Stay safe out there and always keep your stop losses if you're trading.
Keep your dreams real.
1PERCENT
Bitcoin Can Trade Below $28000 Again!Hi Traders,
I have been bullish in my last few Bitcoin Elliott Wave analysis I published here. However, I'm having an alternative bearish view due to the recent price action.
The rally from $28798 low seems to be unfolding as a double zigzag correction. The first zigzag is completed and the second is in the making with its circled wave b unfolding as a triangle. I'm expecting a rally higher to complete the wave (y) zigzag before any reversal.
As long as the expected rally stays below black wave 4 high, black wave 5 will consider incomplete and might be unfolding as an ending diagonal.
Price should extend lower with series of overlapping wave till it trades below the pink wave (i) @ $28798.
What's your view on Bitcoin? Kindly let me know in the comment!
Thanks.
July 6th 2021 BitcoinHello guys,
Jim Carrey is known for executing a successful habit in a daily basis. In 1985 Jim Carrey used to be a bit part actor he wrote himself a 10 million dollar check and dated it 10 years later. Call it a coincidence, 10 years later in November 1995, he found out he was cast in the movie Dumb and Dumber for — you guessed it — $10 million. I'm a huge believer of the R=VD equation and it has totally changed my life. So what's this R=VD equation? It is said that if one dreams vividly, there is a high chance of it becoming true, like Jim Carrey.
I'm 1Percent and I will be your companion from now on to achieve the top 1% and share quality information such as investment mindset, strategies, stocks and crypto technical analysis . The power of dreaming is POWERFUL and should not be underestimated. I believe that we are in the Golden age of opportunity with crypto and I will go through this journey with you together .
Now let's take a look at the Bitcoin chart which could help us look at the general direction of the crypto market.
Using the Elliott wave theory, we've recently seen a beautiful bounce from 28808 composed of 5 waves which could either mean that we're in a trend reversal or a technical bounce. Since we saw a 5-3-5 we are either done with a technical bounce or in our 4th wave before the 5th. We've seen a rejection of the blue trend line in the red resistance zone which gives the bears the advantage for now. There are major hurdles for the bulls until we reclaim the weekly high. We will have to see if the key levels hold and if we start breaking 30173 and ultimately 28808 I will be looking much lower.
Again, for those that are looking into getting into swing positions, this is a no trade zone. I personally would wait for a confirmation to the upside or downside after getting out of last week's range. We'll get a clearer picture of the bigger picture once we do so.
Stay safe out there and always keep your stop losses if you're trading.
Keep your dreams real.
1PERCENT
Bitcoin on Crossroads Bitcoin has had an amazing BULL's year looking back since March's 2020 Black Swan Event with a price as low as 3.850$, and took less than three months to having find a breakout at 10K from 3.8K of March's Lows and it ran to the previous ATH 20K.
After breaking the last all time high of 20K and creating Support on it, 65K has been printed as the NATH with some stops at between 40-50K level area, putting new all time highs one after another trending bullish with Higher Highs and Lower Lows from 20K.
Fibbonaci Retracement with the Golden Pockets colored on orange thick straight lines, is taken from the apex of 20K ATH in 2017 to 10K Brokeout, a level that Bitcoin found HUGE BOUNCES when people was trying to catch a falling knife, and that's the area we bought and swing traded to the utmost profitable trades that was given by crypto raging wild <3 .
The Gann Fann projections is taken also aswell from the 10K breakout triangle apex of 2017's ATH, and the 1/2 trendline splitts the Bulls against Bears in terms of TREND, which at this moment we speaking it is another speculative confluence on TA.
The crossroads are the Pitchfork which we currently still on trades but consider taking profits for full trend confirmation while
we also have the light blue descending channel having a previous fake out and where BTC's at, it may happen to be just another one fakout, but worth mentioning is that retest on Technical Analysis has happened twice and seems to be respecting it.
The bigger Pitchfork is take from 65K ATH to 29K lows and the highes point from that DUMP, but we are already out of it on important zone-levels.
While the ne shorter time frames the smalled Pitchfork has been helping us a lot to trade the outside of the descending channel's second break out.
Where will Bitcoin be headed this quarterly summer?
Throw your guess at the comment section down below :)
NOTE THAT THIS IS NOT FINANCIAL ADVICE!
PLEASE DO YOUR OWN RESEARCH BEFORE PARTAKING ON ANY TRADING ACIVITY BASED UPON THIS IDEA
BTC what are you up to?After waiting and waiting and seeing we are still going sideways it starts to seem like we are going to do one leg lower before the next bull-run. There are similarities if you compare this to the 2017-2018 bear-market and the final leg down is still waiting. On top of that, if you compare this to Golds fractal you can see ton of similarities too. Somebody posted a good comparison chart of Bitcoin/Gold already so I wont bother. Look it up yourself. Im expecting something between 23-25k.
A bull Flag turned into a symmetrical triangle formation?Bitcoin saw a sweet bull flag breakout get rejected on the daily horizon. The Bullish target would have pumped Bitcoin all the way to 58k-62k with a 56% increase (560% profit at 10x Leverage).
However, a rejection confirmation here can send us back down to hell (not as bad as it sounds though "local hell") but this isn't a bad thing!
For traders out there looking for profitable trades, this can give you a nice 20% profit from a short (even higher with a decent leveraged position) and a massive 81% pump to the upside right after that.
Be careful with your trade and have a nice week!
BTC SHORT IDEABTC SHORT IDEA. WE SHOULD ALL BE IN OUR BTC SHORT BY NOW. THESE ARE THE 3 MAIN LEVELS I EXPECT BTC TO TOUCH BEFORE CONTINUATION UP. I WILL BE HEDGING ON EACH PT AREA AS I STILL EXPECT SOME SORT OF BOUNCE FROM WHERE PROFIT ON SHORTS IS TAKEN. I WILL BE CLOSING ALL MY SHORTS AROUND THE 3RD PT AREA AND HEAVILY ENTERING LONG POSITIONS. STICK TO WEEKLY AND MONTHLY TIME FRAME AND YOU CAN NEVER GO WRONG. ENJOY!
Fake Outs Explained - AdCrypto TheoryHi there,
Basically you need to stop looking at horizontal lines only otherwise you will just be looking at order blocks, you need to expand and start looking diagonally..
In diagonal lines where it closes is more important than the wicks, as wicks generally represent peaks whilst where a market closes/enters is specific to the overall trading range (not always obviously you can get spikes within the last 10 minutes but overall it is true)... Either way, it's more accurate for determining trends when they are moving diagonally as opposed to just break outs from orders..
Buying above a break out is safe or at the bottom range next to support is safe, however buying in the middle opens you up to mistakes as fake outs happen that mislead people into thinking a new trend has formed..