We may see a correction in Bates in the $48000 areaWe may see a correction in Bates in the $48000 area
Then we may go to new areas after the correction and break $53,000
BVOL7D trade ideas
COMPARISON OF XBT, SLV AND GLDThis comparison was made to see and determine which has been more effective to fight inflation.
After a great fall and come with a great hikeHave been following and even trade with bitcoin in 2021. And this is really a great experience.
It is more than just stock or forex which you have no idea why it is going up and why it is going down when it move.
You will be spoon feed with news later.
So call "Buy on rumors and sell at news, wise versa" this is true.
However, rumors are really named as rumors for certain reason.
Ending the 2021 with a giant up trend channel which is usual for bitcoin. Noting is small gain in this world which we have to take it or leave it.
Learning to hold or stake stable coins is my next move and already doing that with terra network under the Anchor platform.
Just message me for URL if you are interested.
However, this market remain hot and interesting due to a lot of young active energetic moneys are involved. You can check up the tik tok to prove me wrong.
Merry Christmas and Happy 2022.
Covid with the Omicron had sunk the markets for a bit however, once the report is optimistic, bitcoin take no waiting and recover. This is really scary. No body able to predict with the graph.
It suppose to take a rest at 40k isnt it, however, it does not happen. -It do behave like these, it know what all think and react the other way. Playing cat and mouse game.
Regard
silver.
BTCUSD Corrective patterns A B CAlready I have mention all things by technical analysis on the another hands if descending line breakout then we will see again bitcoin all time high.
BTCUSD The 2nd rally of the elliott waveBTC breakout last important resistance levels.
I believe that BTC will go $12,000 because Now Alt Section has started.
Let's see
If you feel that my analysis is okay.
Please like and Following
what would be the next target?Entry: 50500
Stop loss: 48000
Reward/Risk: 3.2
Target range: 58500
Time Frame: 4wks
Possible gain: 15.86%
Possible loss: 4.96%
Position size: 5% of trading capital
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Choppy crypto market..!In the past 2 weeks, you barely find 3 candles of the same color in a row..!
A choppy market refers to a market condition where prices swing up and down considerably, either in the short term..! or for an extended period of time. A choppy market is often associated with rectangle chart patterns and volatile periods where a trend is not present (or the trend is difficult to trade).
A choppy market is one where the price makes little overall progress up or down; instead, it oscillates back and forth.
A choppy market can occur during any timeframe and in any market.
A choppy market can occur because participants are awaiting a catalyst, buyers or sellers are in balance, or the price is whipsawing due to conflicting reactions and opinions on a news event.
A risky approach could be:
Buy after 2 red days and sell after 2 green days! until we see a clear trend!
Reference article:
www.investopedia.com
Consolidarion after the sharp declince...!Major cryptocurrencies experienced a 27-40% decline in the past 3 weeks and now they made a consolidation pattern!
Interestingly, they made 2 positive days followed by 2 negative days of small cycles, and they barely move in one direction for 3 days in a row in the past 12 days!
This shows weakness and in the decision in the market!
Conclusion:
Neutral until we see a breakout!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Bitcoin: Decision time, 40k? or 50k?Over the past few weeks, we have seen Bitcoin repeatedly reject 50k, 49k and now 48k on its downtrend. As we now battle support at 46.5k, will we hold and regain support at higher levels? Or will we succumb to our last support at 40k? Id like to know your thoughts.
Bitcoin scenarioGiven that Bitcoin has been declining over the last 4-5 weeks, there are two good support areas
S1:40000-42000
S2:29000-31000
Price differences in exchange offices cause price tolerance
Depending on the circumstances, one of the three scenarios is possible
Here are possible entry and exit for BTC Bull RunI'm completely a beginner and this is my very first analysis, would like to receive your feedback in order to learn more and better. So feel free to lend some feedback.
What are your thoughts about BTC, your entry and exit?
Wish every Traders a profit day.
Neck of head and shoulder breakthough which signifies a buyI'm Expecting XBT to breakthrough the neeck of the inverse head and shoulder so that i'll place a buy trade, Once it breaks through i'll hold the trade for about 4/5-6 hours until i see another trend coming up and then i take profits.
It's basically a day trade. Enjoy!
The return of the almighty Su Zhu Su sent me a message in a bottle, he said it's over. Send it to the moon.
BTC/USD LONGSTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
It looks like we're neutral and people are scared to long, but from what I see, we're near the bottom. If the count is right it's only a matter of time before more people long. We already hit the .382 fib and a small possibility to go down to the .238. About 75% chance to go up and 25% to go down. Anything goes in crypto. BTC's movement is dependent on margin positions cause that's where the money is made lol. Don't forget to use a stop loss and dollar cost average down; not financial advice.
BTC/USD SHORTSTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
BTC demand zone shows the full pictureBTC is losing 50k support, making lower highs, bearish volume , ALTs are dormant but BTC dominance is holding 40% support for now.
S&P500 strong but also DXY strong = mixing signals.
As per chart, 2 possible scenarios are coming:
1. green line - retest of demand zone for BTC 37k-42k or just more swinging time while ALTs drop and Dominance climbs - and then a clear pump and breakout of the down trend towards 50k-55k
2. red line - bearish pattern continuation with a fake breakout and then a further crush towards demand zone 37k-42k.
Trade safe, avoid high leverage.
CCC.io
"Heavy Lines" or intersecting historical trendlines + indicatorsYou can call this my BTC Christmas tree, but you will be disappointed when the surge comes next year. Can you see the descending (bull) wedge? Can you see the snow flakes where many historical trendlines intersect? I suggest these "snow flake" patterns will be huge support and resistance areas...BTC moving above them will support BTC price action for a bullish push, while price action and falling below them will become more bearish--they are act like gravity to the BTC price. Intersecting historical trendlines adds significance to the current price action as you can see on this chart and it allows me to map out some future possibilities. Have fun with this drawing and trade well my BTC friends!
www.tradingview.com
2 bullish butterfly pattern spotted?hello traders,
Bullish butterfly patterns spotted on lower time frames,...
target 53K and 55.5k
SL=tight, might reenter if hit
lets see
de
Bears are hoisting their flags!I think Bitcoin is moving toward 46-45k and Ethereum will touch 3900-4000 soon!
Flag Pattern:(Investopedia)
A flag pattern, in technical analysis, is a price chart characterized by a sharp countertrend (the flag) succeeding a short-lived trend (the flag pole).
Flag patterns are accompanied by representative volume indicators as well as price action.
Flag patterns signify trend reversals or breakouts after a period of consolidation.
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Reference article:
www.investopedia.com
Long initI mean, what am I supposed to write here....
Like
for real
if I am wrong
I am wrong
but I like those odds
a complete elliott wave cycle!!!I think it will happen Because the price has gone below the price equilibrium line (blue line).
