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BMC1! trade ideas

Bitcoin5.1.24 I picked Bitcoin as an example of how I look at potential trades as a buyer or a seller using gaps the way I look for gaps and whether or not the market retest those gaps or not. I'm making my trade decisions by looking at bars on the chart not all the ancillary tools that you can put into your chart.... I don't use those tools because they cause conflict and they're not efficient in finding good trade locations. With that means is that you have to think on your own and count on your trade decisions in real time. if you know how to read a market you can set it up using the tools that I look at and they'll tell you ahead of time where you need to spend some time to take a trade or not.... and what the target could be and what the stop should be.... according to your decisions as a trader who knows how to read the market.
CME:BTC1!
by ScottBogatin
Bitcoin Bull FlagCME:BTC1! Possible Bull Flag on CRYPTOCAP:BTC Measured move approx 96400. Could we get a Fakeout as the ignition for this move. Post Bitcoin Halving ... markets look just as exciting. Aggressive entry on candlestick currently printing (not closed on D) Always have Plan A and Plan B and manage Risk. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
CME:BTC1!
by imr4nkh8n
Bitcoin on the Brink: Bollinger Bands Hint at Potential Price BrBitcoin, the world's most popular cryptocurrency, has been exhibiting some intriguing technical signals lately. The cryptocurrency's volatility indicator, the Bollinger Bands, has narrowed significantly, reaching levels last seen in mid-February 2024. This development has sparked speculation among analysts about a potential price breakout for Bitcoin (BTC) in the near future. Bollinger Bands Explained: The Bollinger Bands is a technical analysis tool that measures price volatility. It consists of three lines: a simple moving average (SMA) in the center, and an upper and lower band plotted at a specific standard deviation distance above and below the SMA, respectively. The wider the bands, the higher the volatility; conversely, narrower bands suggest a period of compressed price movement. What Does the Narrowing of Bands Indicate? When the Bollinger Bands contract, it typically signifies a period of low volatility or consolidation. This can be interpreted in two ways. One possibility is that a breakout is imminent, with the price poised for a significant move in either direction – up or down. The other possibility is that the current price range may hold for a while longer, with continued consolidation. The Mid-February Precedent: The current narrowing of the Bollinger Bands is particularly interesting because it mirrors the situation observed in mid-February 2024. Back then, the bands contracted to a similar degree, and it was subsequently followed by a price surge that saw Bitcoin climb above $50,000. This has led some analysts to believe that history might repeat itself, with another price breakout on the horizon. Is a Breakout Guaranteed? However, it's crucial to remember that technical indicators, like Bollinger Bands, are not crystal balls. While they can provide valuable insights into potential price movements, they don't guarantee future outcomes. Several factors beyond technical analysis can influence the price of Bitcoin, including: • Market sentiment: Overall investor confidence towards cryptocurrencies can significantly impact Bitcoin's price. Positive sentiment can fuel a breakout, while negative sentiment could lead to a downward price movement. • Regulatory landscape: Government regulations and policies aimed at cryptocurrencies can create uncertainty and impact investor decisions. • Major news events: Significant global events, such as economic downturns or geopolitical tensions, can influence the price of Bitcoin as investors seek alternative assets. What to Watch Out For: Given the inherent uncertainty, investors should closely monitor these additional factors to gauge the direction of a potential breakout. If positive market sentiment coincides with the Bollinger Band breakout, we could see a significant surge in Bitcoin's price. Conversely, if negative sentiment prevails, the breakout might be short-lived, or it could even lead to a price correction. Conclusion: The narrowing of the Bollinger Bands is a noteworthy development for Bitcoin, suggesting a potential breakout on the horizon. However, investors should exercise caution and consider broader market factors before making any investment decisions. By combining technical analysis with a well-rounded understanding of the cryptocurrency landscape, investors can position themselves to potentially capitalize on Bitcoin's next price move.
CME:BTC1!Long
by bryandowningqln
Bitcoin - Continuation pattern or a top?Bitcoin - continuation pattern or a top? Determining whether the pattern is a continuation or a top pattern can be challenging. One signifies a bullish trend while the other indicates a bearish trend, and we find ourselves amidst a 4-week range on the bitcoin chart. So, how do you proceed? To analyse the situation, I typically examine the chart across various time frames. In the case of Bitcoin, both the daily and weekly charts present a mixed picture, leaving room for either pattern interpretation. However, the monthly chart suggests we might be approaching the upper boundary of a 4-year channel (refer to the chart below), though it's not conclusive yet. Zooming back to the daily chart, we observe that the market is encountering the 20-day moving average at 67,414, while on the 4-hourly chart, it appears to be stalling near the top of the cloud. This additional insight is beneficial. Considering the proximity to the upper boundary of the 4-year channel, the moving average, and the cloud, our inclination leans towards a downside bias, particularly if the market remains capped by the 20-day moving average. To confirm a downward trend, we would need to breach the recent low at 59,705. However, if our assessment is incorrect, a key indicator to watch for would be a close above the 20-day moving average, redirecting focus towards the upper boundary of the 4-month range, currently around 72,200. A close above this level would bolster the case for a continuation pattern, with further confirmation above the March high of 74,415. #bitcoin #patterns #technicalanalysis #lovecharts Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
CME:BTC1!
by The_STA
War and Your Wallet: Will Your Investments Buckle or Boom?Geopolitical tensions are on the rise, and it's natural to worry about the impact on your hard-earned investments. While war can be a scary prospect, history offers surprising insights into how traditional assets perform during such conflicts. But what about newer asset classes like cryptocurrency? Let's dive in. The Stock Market Rollercoaster: Dips, Recoveries, and the "War Puzzle" Brace for Impact: Wars often trigger initial stock market dips as investors grapple with uncertainty. World War I and II are prime examples. But here's the good news: these dips were usually temporary, followed by significant rebounds. Seeking Shelter: When war clouds gather, investors often flock to "safe-haven assets" like gold, government bonds, and strong currencies. Gold, with its limited supply and historical value as a store of wealth, is a popular hedge against economic turmoil. Investors view it as a stable asset that retains its value even during times of crisis. The "War Puzzle" Explained: Researchers have observed a fascinating phenomenon. Stock prices might decrease as war seems likely, but then paradoxically increase once war actually breaks out. This could be because pre-war uncertainty spooks the market, while the actual conflict provides a (grim) kind of clarity. The Evolving Investor and the Market's Resilience: Learning from the Past: With more experience dealing with geopolitical turmoil, investors are adopting a more measured approach. Lessons learned from recoveries like the post-9/11 one make investors more likely to hold their nerve during short-term dips. Built to Withstand Shocks: The stock market has a long history of weathering storms, including wars. This resilience comes from a combination of factors: The market's ability to absorb shocks. Evolving investor psychology – becoming more accustomed to short-term volatility. Changing market dynamics – reduced vulnerability to events like oil price swings. World Wars: A Case Study in Stock Market Recovery History provides concrete examples. Both World Wars saw initial market drops, but the Dow Jones Industrial Average (DJIA) displayed impressive resilience. After World War I, the DJIA rose a staggering 88% in 1915! World War II followed a similar pattern, with the DJIA recovering from initial losses and even experiencing a 50% surge over the course of the war. Cryptocurrency: The Uncharted Territory Unlike traditional assets, cryptocurrency is a relatively new asset class with no experience weathering a major war. Here's what we can consider: Increased Volatility: War can lead to increased market volatility across all asset classes, and cryptocurrencies are known for their inherent volatility. This could lead to significant price swings in both directions. Potential as a Hedge: Some believe cryptocurrencies, particularly those with limited supply like Bitcoin, could act as a hedge against inflation, which can rise during wartime. However, this theory remains untested in a large-scale war scenario. Geopolitical Dependence: While cryptocurrencies operate on a decentralized network, their price can still be influenced by government regulations and global economic factors impacted by war. The Bottom Line: Be Informed, Diversify, and Stay Calm While war can cause temporary market volatility, history suggests a strong potential for recovery for traditional assets. For cryptocurrencies, the impact remains uncertain. Here are some key takeaways: Stay informed: Keep an eye on the situation, but don't let fear cloud your judgment. Diversify your portfolio: Don't put all your eggs in one basket. Spread your investments across different asset classes, including traditional assets like stocks and bonds, and potentially some crypto if your risk tolerance allows. Consider your risk tolerance: How much volatility can you stomach? Adjust your investment strategy accordingly. Don't panic sell: Remember, the market (both traditional and potentially crypto) has a history of bouncing back. By staying informed, diversifying your portfolio, and maintaining a long-term perspective, you can navigate the uncertainty of war and position your investments for success, even in turbulent times. Remember, cryptocurrency is a high-risk, high-reward investment, and especially during a war, proceed with extra caution.
CME:BTC1!Education
by ParabolicP
Potential Parabolic Expanding Megaphone with Trajectory.The analysis of the BTC/USD 3-hour chart highlights a possible parabolic expanding megaphone pattern. However, it's essential to approach this interpretation with caution due to the inherent limitations of such chart formations. Understanding the Expanding Megaphone: The expanding megaphone pattern is a technical indicator suggesting increasing volatility. It's characterized by higher highs and lower lows, with the trendlines diverging as the price fluctuates within the channel. While sometimes interpreted as a bullish continuation pattern, expanding megaphones can also precede price reversals due to the increasing volatility and potential exhaustion of the underlying trend. Trajectory Target and Uncertainty: The analysis suggests a potential trajectory target of $88,000-$97,000 based on the expanding megaphone pattern. It's important to remember that these targets are based on the upper trendline extension and shouldn't be considered guaranteed forecasts. Expanding megaphones are known for their inherent uncertainty due to the significant volatility they represent. Cautious Interpretation and Additional Considerations: Here's why caution is warranted when interpreting an expanding megaphone: False Breakout Potential: Breakouts above the upper trendline don't necessarily translate to sustained price increases. The price may revisit the channel or even fall below the lower trendline. Reversal Risk: The expanding pattern can indicate a buildup of buying pressure followed by exhaustion, potentially leading to a price reversal downwards. For a more comprehensive analysis, consider these additional factors: Volume Analysis: Monitor trading volume. Higher volume on breakouts strengthens their validity, while lower volume suggests weaker breakouts susceptible to reversal. Technical Indicators: Utilize technical indicators like RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) to assess momentum and identify overbought/oversold conditions. This can help pinpoint potential entry or exit points within the channel or during a breakout. Fundamental News and Events: Stay informed about relevant news or events impacting Bitcoin's price. Regulatory changes, industry developments, or broader economic factors can influence price movements. Conclusion: The BTC/USD 3-hour chart exhibits a possible expanding megaphone pattern, suggesting heightened volatility. While a potential price target is mentioned, the inherent uncertainty of this pattern necessitates a cautious approach. By incorporating volume analysis, technical indicators, and fundamental analysis, you can gain a more complete understanding of the current market dynamics and make informed trading decisions. Remember, technical analysis is a tool to support your trading decisions, and past performance does not guarantee future results.
CME:BTC1!
by ParabolicP
Bitcoin CME Gap finally filled That CME gap that was created on 22 March has finally been Filled. For me, the pressure has been on PA to Dip back into that gap to fill it and so we have been ranging above it for weeks. This takes the battle lines between Bulls and Bears to a higher level. PA can move on. But will It ? Hong Kong just approved BTC And ETH ETF's. We may see outflows from USA BTC ETF's and Inflows into Hong Kong now.... We need to watch that space very closely because if the Flows are Large, the USA has to approve ETF for ETH pretty quick
CME:BTC1!
by Orriginal