SATSUSD trade ideas
BTC Short Idea - Bearish DivergenceLooking at the daily chart, we see a clear bearish divergence.
We've recently broken the downward trendline, which many believe will be a major break out to new ATH. However, looking at the weekly and monthly charts, I still have a strong bearish outlook to the short-midterm timeframe. 12/24 we see a bearish pin bar when attempting to break above one of the rising trendlines.
I feel the bulls have a short term victory, but looking at the daily MACD, the latest fall from ATH has brought us below the bullish trendline and has left us below the 0 line marker. As this MACD rises to retest this level, I feel there will be a strong resistance and will bring the market crashing back towards the 30K level.
Feel free to comment your ideas, or ask any questions. I have further support for this theory that I did not touch on in this post.
Trade with care. Not financial advice.
MACD looking for slowing momentumThis could be a nice chart to look back in a few years.
As we can see everything is posed for a nice double top, but the momentum we are nearing it feels more bullish than anything else. It feels a bit like october last year.
But this time with the Total crypto market cap also reaching into its highs at the very same time.
SPICE.
SATUsd -(BTC Usdt)wacth chart
i think we there on cycle
we know market repeat and now we should wait for this
rememebr after this fall BTC big move start for new tops
and remember better on time entry market
for dont miss profit
First the bitcoin will move and all the bitcoins will stay
And the dominance grows
As Bitcoin approaches the peak, all Altcoins start moving
And it will be the main Altsizen
Many called this growth of the Altcoins is Alseason
But it is wrong
The main issue after Bitcoin is moving
This is a Satoshi chart and because it is more complete, I put it for you
It is no different from bitcoin and it is basically the same
So do not be afraid
And it has not yet begun to worry about its end
Of course, this is my belief, and some friends may be wrong, but there is a lot of evidence, and my 20 years of experience in trading says that this is the main trend.
You can follow other friends who are closer to your mind
But if you follow me and feel that my analysis may help
This is the process we are waiting for
And we are very confident in that and our first scenario
Of course, the market is not proud and can be wrong at any moment
I shared this view so you can make a decision
The points I made in the chart mean that we are in this part of the growth cycle
And we have to wait for the main and vertical growth of Bitcoin
Good luck
I hope it helped
And for fear of you
You can see more accurately by changing the size of the chart
An in-depth TA price prediction of BTC over the next 24 monthsExamining the 1 month BTC chart, it appears BTC is beginning to form a classic bullish AB=CD pattern. Using fractals, we see that the AB leg peaks at the upper long-term trend of previous BTC bull runs. Following the laws of AB=CD patterns, the ideal retracement of the BC leg will be 61.8% - 77.8% of the AB leg. Looking again at the price chart, we see the latest "crash" of BTC comes to an abrupt stop at precisely the 61.8% Golden Ratio of the previous 2 fractal points. The low of June '21 candle coming in only *Eleven* USD below this crucial Fibonacci retracement level. Coincidence? I think not.
Now, to predict the next future price movement, we must attempt to complete the AB=CD pattern. To accomplish this, we again must review the laws and not be caught up in outside "noise" attempting to distract you from the truth that is right in front of your eyes. We must follow the strict mathematical calculations that have been seen over and over again throughout the course of natural history. According to the law of AB=CD patterns, the CD leg should be of equal length and trajectory of the AB leg. Additionally, the target point of D should ideally be between the 1.272% - 1.618% Fibonacci extension of BC. Using the Bullish trendline as our guide, and considering the angle and length of AB (16 bars, months), we bring ourselves to Oct' 2022 at a price target of $80,800-87,200
If you agree with this prediction or you have any thoughts or concerns, please feel free to comment below.
***This is not financial advise, please be well-informed and complete your own due diligence***
July 6 2021 thoughts on BTCThe large scale down trend seems to be in force still. Strong possibility for more drops, weak recoveries, and ranging.
Of course, the price is the result of a battle. I see that we are still arguably respecting the lines for a reversal and (still weak / forming) uptrend after the "spring" at 28.8k.
Personally, I much prefer a bull market and would love to see that side win for now. But you have to take into a variety of ways of looking at things so you're not caught off guard. I think a lot depends on the stock markets. If they stay positive, that gives bulls confidence. If not, then the bearish analysis gets a lot more emphasis. It seems like a lot of people are holding back buying (especially alt coins) right now waiting for some definitive sign of strength from BTC.
NFA.