btc/usdt#Bitcoin Update:
In the complex world of financial markets, patterns emerge in the form of "impulse" and "correction" waves. Currently, #Bitcoin is constructing its initial wave, indicating potential upward movement. Our analysis predicts a short-term decline followed by a strong buying opportunity.
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Bitcoinmarkets
#Bitcoin - thoughts out loud #17Good evening, we are from Ukraine!
Dear colleagues, I am glad to welcome you!
After the weekend, a clearer situation has been formed for our own understanding, which indicates that locally the price of the first cryptocurrency should stay above 28680, in other words, a false breakout of the lows and an additional test of floating propriety to squeeze weak hands out of the market. The target is 28680-28700, the support range from which we can see the resumption of the upward movement.
In the absence of professional buyer activity, the asset is expected to depreciate to certain price levels.
Sometimes you win/sometimes you learn.
#Bitcoin
Clear Long Setup for BitcoinI always have a btc long. This is setting up to be a big move. All the scumbags like sbf are sitting in court. "Defi" is over. Sailor about to dunk on everyone. Got a massive weekly cup and handle forming here plus MA200 proving as support. I think we see solid expantion in 3-6 months. Halvening coming up. Not advice but laddering in longs here on top of my swing longs.
BTC Struggles to Break Above 1-Year Resistance Line: A ConcerninI write to you with a sense of concern regarding Bitcoin's recent struggles to break above its 1-year resistance line. This situation has prompted me to share some crucial insights and advice for your investment decisions.
Over the past year, Bitcoin has faced numerous challenges and breakthroughs, captivating the attention of traders and enthusiasts alike. However, despite its remarkable journey, it is disheartening to witness that Bitcoin is currently struggling to surpass a significant resistance line that has been in place for over a year.
This resistance line represents a strong barrier that Bitcoin has been unable to overcome, despite its persistent efforts. It is essential to recognize that this struggle is not merely a temporary setback but rather a reflection of the current state of the market. The lack of momentum coupled with low trading volume raises concerns about the potential risks of investing in cryptocurrencies.
Considering these circumstances, I strongly encourage you to exercise caution and hold off on investing further in cryptocurrencies until we witness a substantial shift in the market dynamics. Successful trading requires a comprehensive understanding of market conditions and a strategic approach.
While the allure of quick gains and the potential for exponential growth may be tempting, it is essential to prioritize a well-informed and calculated investment strategy. By carefully observing the market trends and waiting for the right moment to enter or exit positions, you can maximize your potential returns while minimizing risks.
In conclusion, the current struggles faced by Bitcoin in breaking above the 1-year resistance line should serve as a reminder of the volatility and uncertainties inherent in the cryptocurrency market. As traders, it is vital to remain vigilant and make informed decisions based on thorough analysis.
I encourage you to stay updated with the latest market news and seek advice from reliable sources before making any investment decisions. Remember, patience and prudence are critical virtues in navigating the ever-changing world of cryptocurrencies.
BTCUSD I Corrective wave in process and bullish accumulationWelcome back! Let me know your thoughts in the comments!
** BTCUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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#Bitcoin - thoughts out loud #16Good evening , we are from Ukraine!
I've been watching the chart since Friday and I can identify several key facts in favor of the long scenario:
1) there is no floating supply on the market at the moment.
2) there is no resistance above the local highs.
3) the news background is negative.
4) and most importantly, "someone unknown" is actively buying up almost the entire supply.
But there is a downside, there is a lack of results and progress on the chart, the situation should improve in the near future, or the asset will depreciate, the third is not given.
Taking these facts into account, I can only say one thing, everyone get ready, because on the 7th-8th of this month, something very incredible awaits us all.
I wish you success and all the best!
I wish everyone who reads this success and prosperity.
Sometimes you win /sometimes you learn .
#Bitcoin
BTC Historic & Current ValueIn this idea we'll have a look at the history of BTCUSD on a daily timeframe using value maps based on-chain balanced price and market data. Additionally, we'll take a look at BTCUSD on a daily timeframe using market price value oscillator.
The chart below shows a value map that takes into account the balanced BTC on-chain price and projects that onto a custom value map (grid) which shows both local and market tops/bottoms.
The chart below shows a value map based on pure market data and time which shows two bands. The top band shown in pink/blue shows market tops and the bottom band in yellow and orange showing market bottoms.
Below is both the on-chain value map and the market value map bands together which provides a very clear picture of both historic market cycles and the existing market progress with $32,000 being a key resistance level.
Next we'll have a look at a custom market price value oscillator that is designed to show the best purchase opportunities in green, secondary good purchase opportunities in blue, best shorting opportunities in purple and market tops in red.
#Bitcoin - thoughts out loud #15Good evening, we are from Ukraine!
At the moment, all the conditions of the setup are met.
Anyone who follows the development of events will be sincerely grateful for a like.
Just for the work done.
I wish everyone who reads this success and prosperity.
Anyone who follows the development of events will be sincerely grateful for a like.
Just for the work done.
I wish everyone who reads th is success and prosperity.
Sometimes you win/sometimes you learn.
#Bitcoin
#Bitcoin - thoughts out loud #13Good evening, we are from Ukraine!
Dear colleagues, I am glad to welcome you!
I like the situation with this instrument because it is schematically similar to the distribution phase, but there is one thing: the distribution is false and a significant markup of up to 35,000 is likely to be expected in the near future. I may be wrong, but this is my subjective vision, my thoughts out loud.
It's also worth keeping a short-case scenario in mind.
Good luck to everyone, all the best.
Thank you all for your attention, I wish you success.
Sometimes you win/sometimes you learn.
#Bitcoin
Bitcoin -> Finally Ending The Consolidation!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪
A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected.
You can also see that Bitcoin is approaching the weekly support trendline of the obvious rising channel so also from a weekly perspective everything is pointing towards more continuation towards the upside.
Looking at the daily timeframe you can also see that Bitcoin is retesting daily structure which is now acting as support and also retesting the 0.382 fibonacci retracement level so I am simply waiting for a bullish rejection and then I do expect a massive daily push towards the upside.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
A new lost decade of stagflation is comingYou better get used to working hard, because the days of easy magic fairy dust money are long gone after 40 years of mania.
The following scenario is going to make wallstreet very angry and I'm sure a lot of retail investors are going to be forced to give up and start working longer hours to adapt to an expensive already inflated life that just won't lower prices anymore, while at the same time, record high interest rates have already made it much harder for everyone to access bank loans and 0% credit cards.
From Japanese herbivore men to Western Men Going Their Own Way, Japan during the 80s and 90s is the textbook play for the world to follow.
What is usually known as "depevelopment" is actually a 4th stage of population growth/flattening that will surely lead to a global ageing population or demographic and pension crisis in the coming years and decades.
So technically, there won't be any great depression like 1929, and there won't be any hyperinflation either (except for a few failed states in Latinamerica of course),
A recession is not as boring and as predictable, as an eternally long stagflation, which is the most hated but necessary scenario to push foward out of so much debt.
Bitcoin Bollinger Bands at Their Tightest - When Is Next Breakou
The Bollinger Bands for Bitcoin have tightened significantly, indicating a potential upcoming breakout. As a fellow trader, I thought you might find this development interesting.
For the uninitiated, Bollinger Bands are a widely used technical analysis tool that measures volatility and potential price movements. When the bands tighten, it suggests that a significant price movement may be imminent, as the market tends to contract before expanding again.
I'm writing to you because Bitcoin's Bollinger Bands are currently at their tightest level in recent times. This tightening pattern often precedes a substantial breakout, and it has piqued my curiosity. I can't help but wonder when this next breakout will occur and in which direction.
As traders, we are constantly seeking opportunities to capitalize on market movements, and a breakout can present a chance for significant gains. Staying vigilant and prepared for such events is crucial, so I wanted to share this observation with you.
Given your expertise and experience in trading, I would love to hear your thoughts on this matter. What is your analysis telling you? Do you believe a breakout is imminent? If so, which direction do you anticipate Bitcoin's price will move? Sharing insights and opinions among fellow traders can often lead to valuable discussions and enhanced decision-making.
Let's closely monitor Bitcoin's price action and Bollinger Bands together. I encourage you to share your analysis or any other indicators you may be following that could shed light on the potential timing and direction of the next breakout.
Feel free to comment, as I'm excited to hear your perspective and discuss this exciting development further.
IOST SHORT 1HHello friends,
Given the current market conditions, short trading can be appropriate. For this asset, you can enter in two steps, with the first step being marked by a black dotted line and the second step set at 0.008969. In the first step, you can follow the position down to the bottom of the descending channel.
Thank you for your time and wishing you a profitable and healthy trading experience.
XRP versus Bitcoin - How to play one off the other XRP / BTC – Weekly Performance Time Analysis
A stark realization looking at this chart is just how long bear periods are for the XRP/BTC pair suggesting that you are better to hold BTC until a buy trigger event occurs for XRP.
The POC is a vital area to watch (explained in the chart). If we find support above/on it, we have room for major upside as there is little to no price volume above it.
If these two points above is all you take from this chart, GREAT! More below…
Buy into XRP Trigger Events:
- Test of lower diagonal trend lines
- Break above and retest of POC as support
- Bear periods lasting longer than 23 weeks means start paying attention for buy opportunities
- Break above 20 week SMA (means pay attention also)
Sell into BTC Trigger Events
- Test of upper diagonal trend lines with rejection
- Hitting the POC resistance would be a sell event for me, it will very likely be stiff resistance. You can always re-enter once we find support above it and you can always leave something small on the table to keep you
interested.
- Bull periods lasting longer than 7 - 10 weeks be cautious (take some profits). We are here now.
- Break below the 20 week SMA has not been good for XRP most the time, also if it acts as resistance or if price oscillates around it when is downward sloping, the outcome is typically not great.
Bull and Bear Time Frame Determination:
I have done my best to use any >15% candle close above the 20 week SMA as a bull period. I have also tried to use common sense to try and determine downward or upward price structure…so some of this chart is my interpretation of bullish versus bear price action. However I think the general trend(s) are there to see. You can make your own interpretations also. The chart after all is only to provide some assistance in your trade, maybe help reach a decision, one way or the other.
Bulls vs. Bears: Bitcoin's Market BattleBitcoin's critical level has been breached, indicating a short-term bearish outlook. Zooming out reveals a potential inverse head and shoulder pattern, hinting at a possible massive bull run. Currently, bulls and bears clash, possibly testing the bullish trendline amidst strong bearish resistance.