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BVOL7D trade ideas
Liquidity Cascade, Whale Effect or a bigger Scheme???In this 5 minute chart, you can see CRYPTOCAP:TOTAL BITMEX:XBT CURRENCYCOM:ETHUSD FTX:SOLUSD KRAKEN:ADAUSD .
This level of coordination couldn't be Liquidity Cascade or Whale Effect.
What is it? I could not find an evidence base reason for it but this phenomenon is so big and fast that could not be Algorithmic trading of institutions or retail traders or what so ever..!
I checked the 1-minute chart as well :
It seems there is a superpower that overrules all other players..!
I am 100% sure this is not the last time this phenomenon happens and it will be repeated again very soon, in less than 100 days..!
3rd Flash Crash in the past 6 monthsA flash crash is a very rapid, deep, and volatile fall in prices occurring within a very short time period.
What are the Red Flags in Bitcoin Chart?
1- Bitcoin lost more than 15% of its value in 2 hours..!
2- 30 days gain washed out in a couple of hours..!
3- January 2021, Bitcoin was 30-33 K, and 72% of the total cryptocurrency market cap belong to Bitcoin at that time. Today it is decreased to 42%.
4- Bitcoin Experienced weakness in the past 3 months rebound in comparison to total cryptocurrency market cap.
5- When flash crashes like this tends to repeat frequently, it puts a very big question mark in front of investors and those who think long-term.
6- It seems people are searching for the next bitcoin and retail traders tend to invest and trad Altcoin much more.
In conclusion, If you are a trader cryptocurrency market offers lots of opportunities because of the high volatility.
but the question:
Are you ready to handle this level of volatility???
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor 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.
BTC 15m Elliott wave countBy Elliott wave count indicator we can see wave a is impulse so we can expecting zigzag correction to previous wave 4 of last impulse on daily chart
Bitcoin or Altcoins?April 2020 - April 2021 :
Total outperform Bitcoin by 27%
April 2021 - September 2021:
The gap is still 27%
Now let's look at Total 2 and compare it with Bitcoin:
April 2020 - April 2021 :
Total outperform Bitcoin by 660%
April 2021 - September 2021:
The gap is 60%
This comparison clearly shows people tend to invest and trade altcoins..! while Total2 is approaching its all-time high, bitcoin is 25% below its All-time high..!
The story for Ethereum is different!
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor 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 runs out of steam once more!It depends on the time frame you are looking for, but it seems correction is more likely than the breaking above the resistance level.
Looking at the weekly and monthly chart makes it more clear!
Weekly:
Monthly:
Pay attention to resistance and support levels, closure below 50EMA will enhance more bearish case!
BTC 1h Elliott wave countPrice try to turn back by impulse but it resistance by trend line than reverse it look like in wave c now
BITCOIN / US DOLLARBitcoin is now at a strong resistance area
We expect it to move in a downside direction targeting 27225
The second target is 19,660 .
Ping Pong Uptrend got broke
We are just crabbing here
Dont get chopped up until the market decides what it wants to do
BTC 4h Elliott wave countAfter making 5 wave with ext 1
Look like price now in correction, first leg have broken below 24 trendline, look like it is 3 wave it may be flat correction if it can rejected trendline then break below that low 46500 of wave a it can go lower to wave 4 of previous impulse at 44000
Note: I have add some stupid adv count for indicator to have better scenario of what happens so new chart look like that
Breakdown of upwards channel, Bitcoin likely to correct moreWe are looking for a short target of $43,000 before bouncing off strong support. This is not the start of a bear market but rather a correction where lots of people took profits after hitting $50,000. The red line marks the downwards sell pressure. Bulls have staged some rallies but nothing managed to stick or clearly break through the red trendline. We are still bullish medium to long term, but bearish in the short term.
We need to see a solid break, not a wick but a close, above the sell pressure before resuming upward momentum. Market fundamentals are strong with little FUD and bullish news for Bitcoin. After a month of solid upward price movement, a correction was not a surprise.
BTCUSDTBitcoin On Very Strong Support We Can Expect Some Good Move From Here If Btc Didn't Breakdown Below $47000.
#Bitcoin #Btc $Btc #Crypto
BTCUSD LONGS Broke trend line... BTCUSD LONGS Broke trend line!
Are you Ready for BTCUSD Target 20k... ? or 17k... ?
I'm seeing a possible retracement towards 45-46kHead and shoulders formation sending bitcoin to down 48k and possibly further.
New Bullish rally or A correction?22% Blow the ATH and lots of resistance levels to pass ..!
IMO it can not be called a new bullish rally unless it closes above 64862..!
Key resistance levels:
Correction:
Conclusion:
53600-54700 is a very important level for bitcoin!
Auto Elliott wave count btc 1hBtc form 12345 on daily 4h and in last wave 5 that is what we have it could ext 5 or correction now
TICK-TOCK....BTCUSD longs have broken out!!!TICK-TICK!!! Wake up and pick your ponies before the rest of the market beats you to it!!!
Bitcoin vs Bitcoin11 Dec 2017 to March 2018: Bitcoin crashed 67% in 15 weeks, then had a 5 weeks +55% rally.
April 12 to July 19, 2021: Bitcoin crashed 55% in 14 weeks, then had a 4 weeks 65% rally.
History tends to repeat itself!
Do you know what happened after April 2018???
Bitcoin went down another 68% in 32 weeks.
What is going to happen in the next 30-33 weeks should be very interesting.
Looks like closing Bitcoin longs is acceleratingMassive amounts of leverage longs since 29K, they have been closing for the last few weeks. Looks to be accelerating.
