$OMG/BTC Easter ResurrectionHigher lows. Plenty of room to go. Alt season. OMG’s turn. And it’s Easter. What more do you want?
Bitcoinmarkets
How to Catch a Falling Bitcoin KnifeAnother Ultra Long Term chart ( I hate doing short term trades !)
Here is a VERY IMPORTANT quote from Jason Shapiro from the book “Unknown Market Wizards” by Jack Schwager:
" Everyone understands that the market is a discounting mechanism. What people don't understand is that the discounting mechanism is not the price, it is participation. Its not that the price has gone from 50 to 100 and thus the bullish fundamentals are discounted. Its about everyone is long and hence bullish fundamentals are discounted. An example: when amazon stock was about 700-800 everyone said it was ridiculous, calling it a bubble. It was clear though that most people didn't own it else they would not call it a bubble. The stock is now trading above 2300 based solely on participation."
So here is a take on participation (measured using VPVR) over two BTC bull runs (signaled in the chart with a 50-100 MA cross) :
A: Participants who think halving is bullish accumulate thinking (rightly so far) doing so will be a low risk trade.
B: Participants add on to existing positions on bullish confirmation that halving has caused a price rise, long term bears with a functioning pre-frontal cortex jump in.
C: Participants who bought the top in the previous cycle try to get rid of their trauma seeing that price is back at their buy price. Buyers buy their bags. People who are hyper intelligent rationalize that previous top should be the new resistance sell. Too smart they are. The real resistance was Price level B.
D: Participants who think they will buy BTC when it crashes below previous ATH, fomo at these levels after BTC has a near vertical rally, offering no point of entry. Some folks who sold at C buy back again, continuing to rationalize that at least they averted a “potential” bearish scenario.
E: WELCOME NOOBIES
People who do not have the stomach of bearing pain for long term gain, sell at break-even OR at a loss. So two patterns emerge:
1. BUY > price goes down (trauma) > price goes up (hope) > SELL (relief) , OR
2. BUY > price goes up (euphoria) > price goes down (shock) > SELL (relief)
Next bear market bottom: Placing some bids around D and E to catch a falling knife seems to be a good idea. Average in of course coz you never know if price will actually reach D and E. Participants change over time. And as you I show in my display picture: No Pain, No Lambo😊
$REP/BTC Moby Augur Spotted on Monthly ChartThere is now a REPV2 that trades in sync with Rep and can be exchanged for 1:1. V2 is a new version of Augur that will work with bets/forecasting by utilizing a blockchain. Interesting idea, people will always want to gamble, seems to be a decent long target for new bull alt coin cycle. Happy whale hunting.
$LINK/BTC Looks Prime to Retest 150000 satsIf monthly DMACD_LB continues bullish trend expect this guy to do at least a cool 300%. Trade safely friends.
We can see that the Bitcoin market get ready to go up.Although Bitcoin seems not stable , rebound can be expected.
BITCOIN TESTING THE TRENDLINE - NEXT STOP $76KBitcoin continues to follow the Fibonacci pattern and is now testing the trendline. Price has also stayed within the ascending triangle identified in my last chart analysis.
A break above the trendline clears the path towards $50400 where we may encounter a little resistance, however, a breakthrough at this level clears the way for $76k, our next Fibonacci extension of 1.618
pln bit From this price range, I expect the upward trend to continue until the announced price. The purchase will be done by observing the loss limit.
KING BTC ready to take up its crownWarning: our thoughts are ours alone; not financial advice.
For the past 20+ days, it's been cold for BTC bag holders. However, it seems it's time for BTC to take up the crown again, blasting through its recent high.
In our opinion, there's still time to load up some more BTC as the pullback could be approaching its end.
Our strategy doesn't assume, we trade what we see. We need to see a D1 candle close above the 21 MA to fully confirm this and we think this might happen in a day or two.
BTC shortterm downtrend bearishI think this one is going down a bit.
This might seem to be bull flag forming but there are cople things that are pointing to another price action.
Declining triangle formed nicely, but golden line previously forming a support line is acting now as resistance, which got rejected not once but twice.
THEN We are getting critically close to death cross. Once it will be confirmed, things can get ugly pretty fast.
I feel like bull are losing heat. Im waiting for retrace to 28k atleast. Another possible scenario, bull will fake deathcross and we gonna see a breakout out of a bullflag.
BTCUSD Great Chance to SHORT!This is similar to Gold cycle if you compare both MN chart.
BTCUSD will collapsed.
Details in my bio.
PM me to join.
Thanks.
a buying opportunity on BTCUSD , signal buy Bitcoin
the bitcoin market will experience an uptrend, because we have squeezed the sellers in the signal surrounded in the charter, it is the end of the downtrend and the start of a rise because of the large volume combined with the candle that there a wick above the body and also the breakout of the Vwap indicator with a large volume, this means that the market is probably going up.
Signal buy
BITCOIN BULLS (17550 TO 17200 BUY PRESSURE FOR 27K AT LEAST 22K)BUY EVERY PULLBACK FROM 17550 , I love Bitcoin so much but most importantly I love making and keeping my profits.
as humans, 85% to 95% of the time we are controlled by emotions, meaning we are suckers for reactions and it is no coincidence that trading happens to be the game of emotion
(trapping and trampling, luring and betraying) the next trader loss is your win(even if he/she is your best friend) meaning learning to operate and trade without emotions is your 1st key (your three worst enemy remains fear, greed and euphoria)
if not put to check at every turn, you are likely to be reacting to every bar so knowing when to trade and when to stand aside is key most essential tool in trading because even if you beat the market today, you cant always beat the market everyday (you can never beat the system all the time)
with the weekly chart just expressing its first pause since the break of 12k, this shows strong bullish accumulation on the ATH zone that on the weekly chart this bull trend is just getting started.
In this video I have done a multiple timeframe analysis:
Daily chart candle stick pattern discovered:
Bullish Pennant:
4hrs candlestick Chart Pattern discovered:
Bullish Cup and Handle:
Please kindly watch the full video for full explanation of the patterns and how you can trade them, I also give stops and Target are also stated at the end of the video.
thank you for watching
Bitcoin almost back on track again 💪After a long bullish movement in the market, the price fell significantly a few days ago. However, the momentum is picking up rather quickly. Currently, if there are no major drops in price, we will continue the previous trend line up.
This is a semi-neutral view. I hold short positions in Bitcoin, however, regret this decision and already wrote off these losses mentally. I believe we can still go down in price, but not too much in the coming days. Talking about weeks. Nobody knows exactly. It's just like the weather forecast, we can only make a prediction based on the data we have at the moment.
BTCDOWNUSDT Buy setupHello Traders, Could BTCDOWNUSDT be making a low? I think so......I will update the idea if necessary. Ask any questions in the comment section. Remember to buy low and sell high. Thank you.
New Monthly ATH (What this mean?)Hey there! Just shifting trough timeframes and notice this interesting fact.
Price on Monthly timeframe broke previous monthly Closing ATH at 13886 and now Monthly Closing price seems like will be higher than ever.
This is awesome fact, because in 2017 we can look at similar output from price.
In May 2017 price of btc broke 2013 ATH Monthly Close at 1102 and NEVER ever back to this price again (yet). I think this is impressive and gives thought about future of Bitcoin in 2021.
Let me know what you think, will price follow same shape this year and next?
Thanks for attention!
WILL BITCOIN CONTINUE TO DROP?Bitcoin would continue to melt away with global problems. A decrease can be expected as I show on the chart. It is never investment advice. Good luck.
Biden and trump win scenario for bitcoinThis is my view on the bitcoin price for the medium to short term. COINBASE:BTCEUR
BITCOIN parallel channel playBITCOIN
Has exhibits some strong bullish symptoms and broke the 12000.00 and 13000.00 levels In 15 mins timeframe its trading within a rising parallel channel the price will reach the middle line of the channel and will go up towards 13230.00 level. If its managed to broke below the channel will attract sellers
Paypal's Bitcoin AnnouncementBitcoin has been holding steady over the last few weeks. After it's failure to drop below support we got some news today for all of us Long Term BTC holders/traders.
Paypal is integrating Bitcoin, ETH, LTC by early 2021. The news has pushed Bitcoin past it's previous resistance around $12530.
Up next is the resistance levels of $13k followed by $13868. With the bullish announcement we are in a "buy the dip" mode imo. I fully expect money to be cycling through BTC and alts.
News Links:
twitter.com
www.marketwatch.com
cointelegraph.com
*THE TRADING REGIME #BITCOIN ANALYSIS - OCT 2020 TO JAN 2021*Hello Traders
We’ve decided to add #BTCUSD to our watchlist for the end
of the year.
Cryptocurrency is still fairly new to the market and lack regulation
We normally don’t trade it due to several factors however, here’s the
complete analysis and price points marked out.
It’s currently showing #bulls in charge
But keep in mind the bearish engulfing also present from $13k
Touch.
Crypto trading tips:
Be safe and take low risk(WHAT YOUR COMFORTABLE LOSING—-SCRATCH THE 1-2% theory 😂) ask me why in comments!
Be patient and disciplined in your approach((TRADE YOUR PLAN/RULE BASED APPROACH)
Don’t follow the “HERD”(HYPE/HERESAY)
Always protect your capital(stop loss)
Always only risk what can afford to lose.
The Trading Regime
COINBASE:BTCUSD
brief TA on bitcoinBitcoin is currently stuck in a tight price channel, red vertical(slant) line represent the resistance, while the green vertical(slant) line represents the support.
A possible breakout should see price go high up to $14,000 while a possible breakdown might see price go as low as $8,000, before any relief.
In crypto-trading bitcoin controls most of the other altcoins especially with correlation being at all time high, hence it dictates the direction which this coins will go.
